Financial Armageddon Coming to America
Verse of the Day
Deuteronomy 28:43 The stranger that is within thee shall get up above thee very high; and thou shalt come down very low. (44) He shall lend to thee, and thou shalt not lend to him: he shall be the head, and thou shalt be the tail.
Lately, I have not posted much about economics. It seems that the world economy will come to the edge and then pull back. It appears to be different this time as there is a deep political divide that could wreck havoc on the economy.
The government shutdown occurred at the same time that Obama and Kerry were pressuring Israel to divide the land. See my post As America Has Done to Israel 10/02/13:
“Israeli Prime Minister Netanyahu was in New York to speak at the United Nations, General Assembly. Prior to his speech, he met with Obama and the topic of dividing the covenant land of Israel was discussed. Obama praised Netanyahu for forging ahead with the peace plan.Kerry is putting enormous pressure on Israel to divide the land, and just a week ago he said that Jerusalem was part of the plan.
While Obama was meeting with Netanyahu, the federal government was heading towards chaos and a shutdown.”
This is why what is happening to America, both politically and economically, is so dangerous. The God of Israel might be using this to divide and weaken America, at the very time Obama is attempting to divide the land of Israel and thus weaken the nation.
Because of the national sin of America, including killing the babies and the homosexual agenda, along with little repentance on part of the church, something is coming as judgment to break the nation. This political divide we are now facing could be the event if it spills over to the economy.
Obamacare is rejected by vast amounts of Americans, and this rejection is the power behind the gridlock in Washington.
The Hard Left does not want to give up on Obamacare, as it represents endless control over the American people. It is socialism at its core.
As this divide deepens, it will spill over to the economy.
October 17 is now the key date, as this is the day the debt ceiling must be raised or America defaults on this debt. Even if the debt ceiling is raised by this date, the political and social divide of Americans is now so great that anything could trigger the divide into a civil war.
I hope that you are not anchored into this financial system as it is under judgment and about to be destroyed. Please, whatever little time is left, turn to God in prayer, and ask Him for the faith to live without this corrupt system. Please keep your spiritual eyes fixed on the Lord Jesus and the Blessed Hope.
May the Holy God of Israel bless and protect you.
Hebrews 11:9,10 By faith he sojourned in the land of promise, as in a strange country, dwelling in tabernacles with Isaac and Jacob, the heirs with him of the same promise: For he looked for a city which hath foundations, whose builder and maker is God.
China Lectures Obama as Shutdown Enters Week Two with No End in Sight 10/07/13 China holds $ trillions in US debt and is very concerned about what is happening in America. The situation with Washington is VERY serious and has the world’s attention. Look for the bond interest rates to rise, and this will show that the situation is very serious.
Families hoard cash 5 yrs after crisis 10/07/13 I do suggest that if you have cash in the banks to get it out. If you can secure cash at home or some way, the time is come to get out of the banks. No one knew that the “bail-in” was going to hit Cyprus until it was announced.
“Five years after U.S. investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in countries as varied as the United States, Japan, the United Kingdom and Germany remain hunkered down, too spooked and distrustful to take chances with their money.
An Associated Press analysis of households in the 10 biggest economies shows that families continue to spend cautiously and have pulled hundreds of billions of dollars out of stocks, cut borrowing for the first time in decades and poured money into savings and bonds that offer puny interest payments, often too low to keep up with inflation.”
US default seen as disaster dwarfing Lehman’s fall 10/07/13 There is nothing to compare with to a US default on its debt.
“Failure by the world’s largest borrower to pay its debt — unprecedented in modern history — will devastate stock markets from Brazil to Zurich, halt a $5 trillion lending mechanism for investors who rely on Treasuries, blow up borrowing costs for billions of people and companies, ravage the dollar and throw the U.S. and world economies into a recession that probably would become a depression. Among the dozens of money managers, economists, bankers, traders and former government officials interviewed for this story, few view a U.S. default as anything but a financial apocalypse.”
The Greatest Debt Crisis The World Has Ever Seen Is Coming 09/17/13 The situation now is much greater than before the meltdown in 2007-2008. Watch the next meltdown coincide with dividing Israel, just like the one did in 2008. Obama has no intention from backing off Israel, so it appears that the next economic meltdown is very close. It is going dwarf the previous one.
“This looks like to me like 2007 all over again, but even worse,” said William White, the BIS’s former chief economist, famous for flagging the wild behavior in the debt markets before the global storm hit in 2008.
“All the previous imbalances are still there. Total public and private debt levels are 30pc higher as a share of GDP in the advanced economies than they were then, and we have added a whole new problem with bubbles in emerging markets that are ending in a boom-bust cycle,” said Mr White, now chairman of the OECD’s Economic Development and Review Committee.”
Financial analyst warns U.S. debt default would trigger a Great Depression 10/06/13 There is absolutely no doubt that the default will trigger a depression.
“If they seriously default on the debt, what we’re really talking about is a depression,” says veteran financial sector analyst Richard Bove, VP of research at Rafferty Capital Markets. In the news video he explains how the fallout would be a lot worse than the recession suffered in 2008 and the aftershocks would be felt for at least a decade. “The first thing you have to do is look at who holds the debt,” Bove says of the $16.7 trillion of bonds the U.S. currently has outstanding.”
Lew sticks with ‘catastrophic’ warnings about debt-ceiling, 10/06/13 This is a warning from the Secretary of the Treasury.
Revelation 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord Jesus.