Special Attention: Economy
Verse of the Day
Proverbs 23:5 Wilt thou set thine eyes upon that which is not? for riches certainly make themselves wings; they fly away as an eagle toward heaven.
I have not posted much about the US economy for a long time. I watch it all the time, but held back because economics is so hard to predict what is going to happen.
It appears that the time is very near for the US economy to melt down. The forces are now in play that cannot be reversed. The massive debt has a “life of its own”.
What is happening is the 10 year bond rate is steadily climbing with no end in sight. This is the death knell to the US and world economy. High interest rates will destroy this economy which is based on low rates. The high rates will make it impossible for the various levels of government to repay their debt. The nation will look like Detroit! It will set off a chain reaction into a complete meltdown.
My best guess is that when rates hit 3.5 – 4.0 percent this will start the chain reaction. Right now, the rate is at 2.87 percent and climbing.
We are to trust in the Lord Jesus and not this corrupt dying system. It is a “walking dead man”, and at God’s timing He will “stick a pin” in this economic balloon and bring it down in judgment.
Philippians 4:19 But my God shall supply all your need according to his riches in glory by Christ Jesus.
Run to God in faith as this is closing very fast.
May the Holy God of Israel bless and protect you.
1John 2:17 And the world passeth away, and the lust thereof: but he that doeth the will of God abideth for ever.
We are now on the verge of a Historic Meltdown and Collapse 08/20/13 This is a fantastic article about the current state of the economy. I believe that this author is RIGHT ON, and he has issued a warning of what is about to overtake America. The American economic delusion is coming to an end. The Holy God of Israel is about to stick a pin in this delusion and blow it apart. Notice how the economy is melting down matches the advance of the homosexual delusion and interfering with God’s prophetic plan for Israel! It is all coming together at the same time.
I believe that we will be able to connect the blowing apart and melt down of the economy with the homosexual agenda and/or touching Israel. The connection will be so clear that it will be evident to all. The reason I believe this is, I have documented in my book As America Has Done to Israel and in other writings that ALL the massive stock market crashes since 1987 where tied directly to national sin.
This reality is going to shatter the American delusion. It will be a dose of reality to those living in fantasy and under delusions.
“Rising interest rates are a killer in an over-levered economy, and that’s exactly what we’ve been seeing in the United States.This surge in interest rates may have already seriously destabilized the entire financial system, and that’s why there is this meeting taking place in the White House today.
The fact is that the vast majority of derivatives in the global financial system are related to interest rates. Now, the entire financial system may be on the precipice of some sort of catastrophic event unfolding because of what we have already seen in the bond market, and how the derivatives are so heavily intertwined. Meaning, we may be on the verge of another disastrous derivatives meltdown.”
The article went to say:
“When I look at what is unfolding right now in Europe, markets are clearly unsettled over there. I also see the German Finance Minister has come out and said that Greece is going to need a third bailout. So the idea that anything is getting better in Europe is preposterous.
So, when watching currencies, the only thing I am interested in is the price of gold and silver, which is real money. Gold and silver are putting in a better performance, although they are still being restrained. The fact is that they are building a super-base, and that’s what the central planners should really be afraid of, the U.S. dollar collapsing against gold and silver.I said it last week and I will say it again, we will now see historic and catastrophic wealth destruction.
It’s going to be something to behold, and investors who want to survive this financial holocaust had better be properly positioned.”
Dow Sinks for Sixth Day as Traders Ponder Fed Exit 08/21/13 The stock market reached its all time high on August 2. Let us keep this in mind as we watch the economic meltdown of the US and world economy. The market is heading into deep trouble as we head towards September/October which are traditionally when the massive meltdowns occurred. It appears the US economy is now primed to blow with Kerry and Obama bullying Israel over Jerusalem or some major advance of the homosexual agenda.
I really do believe that God is going to time this so there is NO doubt of the connection. Maybe this will win many souls to the Lord Jesus.
We Are Heading Toward A Frightening Fall/Winter Economic Collapse 08/19/13 This article is loaded with great information. If you want to understand the big economic picture, I suggest that you spend time reading the links in this article. Remember, the key to interest rates is the 10 year bonds. The interest on these bonds is rapidly rising, which is the trigger for economic meltdown.
“It’s all about rates this largely newsless morning, which have continued their march wider all night, and moments ago rose to 2.873% – a fresh 2 year wide and meaning that neither Gross, nor the bond market, is nowhere near tweeted out. As DB confirms, US treasuries are front and center of mind at the moment…. the 10yr UST yield is up another 4bp at a fresh two year high of 2.87% in Tokyo trading, adding to last week’s 20bp selloff.
As it currently stands, 10yr yields are up by more than 120bp from the YTD lows in early May and more than 80bp higher since Bernanke’s now infamous JEC testimony. We should also note that the recent US rates selloff has been accompanied by a rapid steepening in the rate curve.”
Revelation 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord Jesus.