"Are We Going Into A Global Economic Death Spiral?"

The global economy is facing some serious headwinds according to many financial experts.

Pointing to 40-year high inflation, rising interest rates, the European energy crisis and escalating war-worries, one of Wall Street's most respected minds, Carl Icahn, warns "the worst is yet to come."

Icahn says the U.S. economy and stock market are in trouble and compares them to the fall of the Roman Empire.

Financial guru Bill Holter agrees.

"The ability to prevent a crash no longer exists. The system has gotten too big...there's too much debt. Too many sovereign governments have bumped up against debt saturation."

Holter's advice? If we get a bounce in the market, use it to get out.

Nomi Prins is a geopolitical financial expert and investigative journalist who 'sheds light on the dark corners of the global economy.' 

According to Prins, the chaos in the global economy is due to one simple fact: money printing.

"Central bank money printing has created the biggest Ponzi scheme the world has ever seen...the Fed and other central banks have been printing money for decades. After the pandemic, the Fed created four and a half trillion dollars of money basically overnight. That's a Ponzi scheme.

"There are indications that we could have a massive crash, but to me...I think there is a treadmill spinning here that is going to keep spinning instead of completely crashing. That's why I think there is going to be a lot of mini crashes, followed by mini rallies along the way...I don't see one massive crash. I see massive turbulence."

Meanwhile, Prins believes it's the common people struggling to make ends meet that will suffer the most. Nothing new about that.

Our advice? Get out of debt and into your Bible. Then you'll be ready for what ever comes next.

A wise man once said: "We are going into a global economic death spiral...80% of the country thinks everything is fine. It's not fine." -- Ed Dowd, Wall Street money manager

"Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law" (ROMANS 13:8).

👉👉👉"HOW TO GO TO HEAVEN!" ☝

News:

• National Debt Clock: U.S. National Debt Surpassed $31 Trillion for the first time in history; that's $93,466 for every person in America
• FNC: Biden depletes Strategic Petroleum Reserve for political purposes threatening national security
• CBS News: Biden offers stark nuclear warning amid tensions with Russia; meanwhile, U.S. buys $290 million worth of radiation drugs

 

"Warren Pollock: 'Things are about to come unglued!'"

Trends analyst Warren Pollock paints such a grim picture for our future, the temptation to blow him off is natural.

The problem? He's got an impressive track record: predicting the 2008 Market crash and the money printing (QE) that followed.

A former Wall Street CEO, Pollock's a multi-faceted analyst specializing in:

• finance
• geo-politics
• earth changes
• major world trends

Now he's predicting things will become "surreal" around the end of 2015 and warning against the human tendency to rationalize and ignore the warning signs:

"Imagine you are standing in Pompeii just before this volcano is about to explode. All the people around you are saying this volcano is not going to be a problem for us. That's rationalization and dissonance. That's what's happening right now. That's why people are still talking about the economy, even though the bomb of the economy has gone off."

 Pollock believes, in essence, the books are hopelessly cooked in terms of the global economy and the government is doing everything possible to stop things from coming "unglued:"

"They are doing this on a day-to-day basis, and the moment they stop...things will become unhinged or unglued. I can assure you, the next President of the United States, whether Republican or Democrat, will be known as a great failure. He or she will be held responsible for the total decline of the United States."

"So, people right now are in Pompeii, the volcano is about to explode...as far as humankind is concerned, I think we are at the end of an age in a long cycle..."

Let's face it gang.

Pollock, as a secular worldwide trends analyst, is unknowingly agreeing with the biblical end-time scenario. At least in part. This video on USA Watchdog.com has many more details.

The Bible lays out the entire plan:

"The Revelation of Jesus Christ, which God gave Him to show His servants--things which must shortly take place." --Revelation 1:1

A wise man once said: "The phrase 'must shortly take place' is an allusion to Daniel 2:28, 29, 45, since shortly seems to indicate that the things that must come to pass in the last days will take place in quick succession. John is the human writer of Revelation, whereas Jesus is the divine Author." -- Barry J. Beitzel, PhD.

"These trials are only to test your faith, to show that it is strong and pure. It is being tested as fire tests and purifies gold--and your faith is far more precious to God than mere gold. So if your faith remains strong after being tried by fiery trials, it will bring you much praise and glory and honor on the day when Jesus Christ is revealed to the whole world."  1 Peter 1:7 NLT

Not sure where you stand regarding faith? Click here!

News:

• Bloomberg: Fed Concerned With Repeat of Post-Depression Blunder As Unprecedented Economic Stimulus (QE) Ends
• ABC News: 'Trojan Horse' Bug Lurking in Vital US Computers; Poised to Cause Economic Catastrophe, According to DHS. Russia Suspected
• Reuters': Organization for Economic Cooperation & Development (OECD) Sees Gradual US-led Recovery Despite Euro Zone Weakness.

"Economic Facts Don't Add Up"

Hang onto your hats, people, and everything else that's not tied down. There's only a few days left before the Boys (and Girls) are back in town.

That's right, folks, the lawmakers are returning to Capitol Hill and it won't be pretty. In fact, according to Oliver Knox, Chief Washington Correspondent for Yahoo!News, Americans should "brace themselves for a game of political chicken."

On September 9, back from five weeks of summer recess, this gang is ready to rumble. First issue up at bat?

The Debt Ceiling.

If Congress refuses to raise the nation's $16.7 trillion (that's trillion with a T) borrowing limit, and if they can't agree on a federal budget before September 30, the entire government could come to a sudden, grinding halt.

Though shutting down the government might sound like a good thing, it's not likely to happen. Knox predicts they will come up with their usual "kick the can down the road" solution at the very last moment and pass a temporary spending bill, solving nothing. 

Again.

Meanwhile, a recent Gallop poll reveals:

• 7 out of 8 jobs created this year are part-time
• 54% of Americans earn less than $30,000 annually
• 8 million Americans have stopped looking for work

Money manager Peter Schiff says, "the government keeps telling us the economy is getting bigger, but millions of Americans are leaving the workforce. We've got record numbers of people on food stamps and part-time jobs are replacing full-time jobs. How is that consistent with a growing economy? It's not. Incomes have dropped twice as fast during the 'recovery' than they did during the recession. That's quite an accomplishment."

James Rickards, author of the best-selling Currency Wars-The Making of the Next Financial Crisis, takes it even further:

"The problem in 2008 was too-big-to-fail banks. Well, those banks are now bigger. Their derivative books are bigger. In other words, everything that was wrong in 2008 is worse today."

Much worse. In 2008 the Fed hadn't started the printing presses yet. This country is hemorrhaging  money to the tune of  $85 billion each and every month. That's one trillion (with a big fat T!) per year.

Can't bend your mind around all those zeroes? Try this:

• a million seconds = 12 days
• a billion seconds = 32 years
• a trillion seconds = 31,688 years (+ change)

And that, dear friends, is longer than the existence of Western civilization.

Maybe it's time to give the gang in Washington a permanent recess.

A wise man once said: "If we can prevent the government from wasting the labors of the people, under the pretense of taking care of them, they may become happy."  --Thomas Jefferson

"Whoever loves money never has enough; whoever loves wealth is never satisfied with his income" --Ecclesiastes 5:10.

"Charge them that are rich in this world, that they be not high minded,nor trust in uncertain riches, but in the living God, who gives us richly all things to enjoy" -- 1 Timothy 6:17.

News

• Fox News Channel: Both U.S. and Russian warships head for Syria, as U.S. weighs military strike; meanwhile, Iran threatens destruction of Israel if U.S. strikes.
• Family Research Council: San Antonio proposal 1st step to banning Christians from holding public office; ordinance would prevent those who express concerns regarding same-sex marriage from attaining positions of influence.
• CNBC: 40% of businesses polled plan to cut spouses from insurance plans due to Obama care.