Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts

Wednesday, March 29, 2023

"CODE RED For Humanity?"

So what's wrong with the world? Apparently, everything, everywhere, all at once.

Best selling author, trends analyst, economic researcher and doctor in toxicology, Chris Martensen, has a warning for us all:

"Medical, financial and war troubles abound and people need to get ready to deal with a reality that no human has ever seen before."

Dr. Paul Craig Roberts, former U.S. Assistant Treasury Secretary and award-winning journalist, believes the global financial situation is about as critical as it's ever been.

"This is just as dangerous, in its own way, as the fact that Putin allows the Ukraine war to drag on and on and on. It's mindless. Ukraine could end in nuclear war, and the financial danger is that the entire western world financial system could collapse. Five banks have derivative exposure of $188 trillion. That is twice the Gross Domestic Product (GDP) of the entire world. How can that happen? Where were the regulators that let this situation develop? It's mindless, and no one can know what the consequences are."

Decades of progress went into reverse as the world reacted to the global pandemic. Food insecurity, social unrest and political uncertainty are on the rise in nation after nation. According to World Vision:

  • The threat of starvation now faces 45 million people in 43 nations around the globe.
  • There are currently more active conflicts than at any time since 1945. Wars, insurgencies, civil unrest and political chaos are spreading globally and displacing millions.
  • Extreme weather events, earthquakes and new disease outbreaks have strained global resources to the breaking point.
There's no getting around it, gang. Our world is in bad shape. And while that has always been the case, until the Jews got back in the Land in 1948, the prophetic scenario had yet to encompass everything, everywhere, all at once.

A wise man once said: "In world history, God has worked through the nation of Israel in special ways. Through Israel's prophets, God spoke to the world. And when the time was right, it was through Israel that God sent His only begotten Son into the world. In both of these ways, God chose Israel as a gateway to Himself into our world. He could have done it anyway He wanted, but He chose to do it like this." -- Hal Lindsey, author
"Thus says the Lord God: 'Surely I will take the children of Israel from among the nations, wherever they have gone, and will gather them from every side and bring them into their own land" (EZEKIEL 37:21).

(this prophecy was fulfilled on May 14, 1948 and started the end time prophetic clock)

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News:

  • Reuters: World Bank warns of  'lost decade' in global growth for the world's economy; new financial crisis could lead to 'sharper' slowdown
  • AP News: France Braces For More Violent Protests As Pension Protest Escalates
  • Daily Mail: Israel is on the brink of 'Civil War' after another night of violent protest

 

 

Monday, October 4, 2021

"Supply Chain Collapse?"

Global supply chains are beginning to break down and may actually collapse as soon as this Christmas.

On Wednesday, in an open letter to heads of state attending the United Nations General Assembly, the International Chamber of Shipping (ICS) and other transport groups sounded an alarming warning:

The entire global transport system is on the verge of collapse.

That's right, people--container ship crews, truck drivers and airline workers have endured quarantines, travel restrictions, and complex COVID-19 requirements that have kept them jumping through hoops since the beginning of the pandemic.

But now the situation has reached critical mass and may be at the breaking point.

"Global supply chains are beginning to buckle as two years worth of strain on transport workers take their toll," the groups wrote.

The letter, signed by the International Air Transport Association (IATA), the International Road Transport Union (IRU), the International Transport Workers Federation (ITF), as well as the Shippers (ICS), represent 65 million transport workers globally.

"All transport sectors are also seeing a shortage of workers, and expect more to leave as a result of the poor treatment millions have faced during the pandemic, putting the supply chain under greater threat." 

So what does that mean for us? Nothing good. Should the supply chain actually collapse, economists fear it could trigger a global economic crisis as well. At the very least, it means higher prices and shortages of food, fuel, medicine, consumer goods (and anything else you can think of) just in time for Christmas.

Our advice? Buy what you need now, and hope it doesn't happen later.

A wise man once said: "With all that's going on these days, it's easy to get distracted. But as the world grows ever darker, it's more important than ever to keep our focus on spreading the Gospel." --Amir Tsarfati, founder of Behold Israel

"Jesus said, 'I am the resurrection and the life. Those who believe in Me, even though they die like everyone else, will live again. They are given eternal life for believing in Me, and will never perish.'" (JOHN 11: 25-26)

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News:

  • CBS Los Angeles: Backlog of Cargo Ships At Port of L.A. Reaches Boiling Point; 500,000 containers sit offshore
  • Fox News Channel: Costco chartering its own container ships amid global supply chain issues
  • The Guardian: 'A Perfect Storm': Supply chain crisis could blow world economy off course


 

Thursday, January 31, 2019

"Are We About To Be Blindsided?"

Economist Andrei Polgar believes the world is about to be blindsided by the next financial crisis.

Author of the best-selling book The Age of Anomaly, Polgar said in a recent interview with USA Watchdog.com:
"Right now, so many years after the 'Great Depression', not only are people comfortably unaware, but even worse yet, the entire idea of financial preparedness has been discredited."
According to Polgar, too many financial analysts making too many gloomy predictions = apathy with a capital 'A'. People just aren't interested. But unfortunately, disinterest won't stop it from happening and Polgar predicts:
"The next crash will be the worst the world has ever seen because problems have kept accumulating. Now, we have to accept the unsustainable as status quo." For instance:

  • Debt to GDP ratio in Japan is over 200%
  • In Italy it's 130%
  • In France, Belgium and the United States it's 100%
"That's what keeps me up at night," says Polgar. "What happens when that chain breaks...when we have to deal with the unsustainable nature of our system? Things are already unbelievably bad here in Europe...the system will break from the bottom to top...Developed countries like the United States will be the last to fall."
The bottom line according to Polgar?

Deflation
+ loss of control by central banks and governments = an inflationary spiral few are prepared for.

So, is Polgar just another economist crying wolf?

You do the math.

A wise man once said: "Market crashes are cyclical. Of course we are going to have one, and I am not afraid of the idea of a market crash. I am afraid of what happens when the chain is broken or, to put it differently, when the status quo no longer works."  -- Andrei Polgar
"Trust in the Lord with all your heart, and do not lean on your own understanding. In all your ways acknowledge Him, and He will make straight your paths" (Proverbs 3:5-6).
"But seek first the kingdom of God and His righteousness, and all these things will be added to you" (Matthew 6:33).
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News:

  • Bloomberg: U.S. debt set to swell driven by tax cuts, spending increases and an aging American population
  • FNC: Tightening alliance between Russia and China is 'scariest' part of U.S. intel chief's testimony
  • NBC News: Town of Hell, Michigan freezes over in polar vortex

  

 

Thursday, August 30, 2018

"Financial Armageddon: Are We In For A Big Surprise?"

While consumer confidence soars to new heights, some experts are painting a much darker picture. Is deflation, depression, and financial Armageddon in our future? Yes, predicts former Reagan White House Budget Director, David Stockman.

Stockman believes, "The world--certainly the United States--is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly."

What will that mean for me, you ask?

According to Stockman, "This will have lasting ramifications on how governments tax and regulate you, the type of work you and your family members will have available and what you get paid, the value of your nest egg, and all other areas comprising your quality of life."

Record high stock and bond prices are flashing danger signs to Stockman. His opinion? The coming "market crash will be a doozy!"

Next month marks the 10-year anniversary of the 2008 financial crisis and Stockman isn't the only one sounding the alarm. Financial analysts (and partners) Jim Sinclair and Bill Holter also see an implosion in the works.

"This is the beginning of something few expect," Sinclair explains. "This has very little to no precedent in history. The system has been unwinding for a significant amount of time."

Financial writer John Rubino agrees: "The crisis (in emerging markets) eventually works its way all the way to the middle, which is what happened after the housing bubble burst in 2007. It was just sub-prime mortgages to begin with, which was not really a big deal, but eventually it became a near-death experience for the entire global banking system. Since that time, instead of getting our financial house in order around the world we basically kept on borrowing money.  Now we have almost twice as much debt globally as we had in that debt-driven global financial crisis. So you can expect the next one to be bigger, scarier and more dangerous."

Meanwhile, the U.S. Debt Clock ticks relentlessly on with numbers too astronomical to wrap our brains around.

So while consumer confidence soars to new heights--unfortunately, so does our national debt.

A wise man once said: "There is no pain-free option when you borrow too much money." -- John Rubino
"Don't store up treasures here on earth, where they can be eaten by moths and get rusty, and where thieves break in and steal. Store your treasures in heaven, where they will never become moth-eaten or rusty and where they will be safe from thieves. Wherever your treasure is, there your heart and thoughts will also be...But seek first the Kingdom of God and His righteousness, and all these things will be added to you." Matthew 6:19-21, 33
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News

  • Russia News TASS: Russian lawmakers suggest deploying nuclear weapons in Syria in response to U.S. sanctions.
  • MoneyWise: Fed reports U.S. household debt totals $13.2 trillion; average household owes $130,000.
  • CNBC: Pending home sales fall for a seventh straight month; buyers struggle to find affordable homes.