Prophecy Sign: The coming global economic collapse
The world has just about reached the end of the sovereign debt rope that has been the global economic system's only lifeline. Even now many nations states are taking to charging negative interest rates on depositor funds in order to attempt to drive cash into the economy, rather than using more debt. It won't work for long and once the dominoes start to fall it will all be over in very short order. From the ashes of collapse will arise a brand new economic world order which will be under the control of the Antichrist and his 10 cohorts, (Kings/Kingdoms - Daniel 7, Revelation 17).
Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. James 5:1-3 NIV
Legend Just Warned That All Hell Is About To Break Loose
As we move into the beginning of the second quarter after a wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned that all hell is about to break loose.
Egon von Greyerz: “The global economy turned down in earnest in 2006, but with a massive worldwide printing and lending program, the world has had a temporary stay of execution. But the effect of this fabricated money has now come to an end.”
UBS: $1 Trillion Junk Bond Bubble Just a Slowdown Away From Popping
Investors that lend to U.S. junk-rated companies aren’t being compensated for the looming credit shakeout that could push defaults to record highs, according to UBS Group AG credit strategists Matthew Mish and Stephen Caprio. "There is a bubble in speculative grade credit," Mish and Caprio wrote in an April 11 note. "Simply put, clients were not being compensated for the credit risk." A slowdown in U.S. growth could cause the bubble to pop, stressing the lower-quality companies that constitute almost half of the universe of speculative-grade bonds and loans. Investors that crowded into the debt could suffer massive losses, Caprio said in a phone interview.
Defaults hit highest level since '09 bust