Economic Warnings
Let me be clear from the start of this topic… This is not a specific word from God that I have received. So, human error can definitely be involved here, so please take it in prayer. This is my feeling and research after prayer. I am connecting the dots. With that said:
I had put out a warning earlier in the year (titled “Risky Financial Advice”). Here is a shortcut if you would like to read it again:http://www.assyrianhorn.com/2009/05/risky-financial-advice.html
It is becoming clear to me that the “Recession Is Over” talk is bogus. I believe it has really only begun… and will get worse. I don’t say this to scare you, but to warn you. The evidence is mounting, and if you connect the dots, you will probably come to the same conclusion.
So, what specifically do I think we will see? I believe we will see a combination, or all, of the following within the next 12 months:
1. Further Job Losses
2. Further Personal Bankruptcies and Foreclosures
3. Further Corporate Bankruptcies
4. Further Bank Failures
5. More Funding For FDIC
6. Large Drop in Value of US Dollar
7. Hyper-Inflation
8. Bank “Holiday” (They make it sound so nice)
9. Stock Market Crash
What makes me believe that these things can happen when all the experts on the news say it won’t? Take a look at the information below:
The Greenback Is Broken:
http://online.barrons.com/article/SB124931281428701713.html?mod=BOLFeed
China Moves to Globalize It’s Currency:
http://www.theaustralian.news.com.au/business/story/0,28124,25873673-5017999,00.html
Unemployment Benefits Running Out for 1.5 Million Americans By End of Year:
http://www.nytimes.com/2009/08/02/us/02unemploy.html?_r=3
OOPS. Recession Data 2x’s Worse Than Original Estimates. Worst Since Great Depression:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNivTjr852TI
True Unemployment Rate Already Above 20%
http://blogs.moneycentral.msn.com/topstocks/archive/2009/07/06/true-unemployment-rate-already-at-20.aspx
GDP Graph Shows The Real Deal:
http://market-ticker.denninger.net/archives/1280-GDP-In-Pictures-The-Truth.html
Weak US Debt Auction Leads To Worries:
http://www.reuters.com/article/marketsNews/idUSN2949944020090729
Dead Banks Walking:
http://www.atimes.com/atimes/Global_Economy/KG31Dj05.html
Recovery Not In Sight, Says BMW:
http://news.bbc.co.uk/2/hi/business/8182816.stm
The Real Unemployment Rate Hits 68 Year High:
http://www.dollarsandsense.org/archives/2009/0709miller.html
Paulson Didn’t Reveal Extent of Economic Concerns:
http://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.html
Bank of America Under Secret Regulatory Sanction:
http://www.reuters.com/article/businessNews/idUSTRE56F15X20090716?feedType=RSS&feedName=businessNews&rpc=23&sp=true
China Criticizes Dollar:
http://www.telegraph.co.uk/news/worldnews/asia/china/5793308/China-criticises-dollar.html
US Lurching Toward “Debt Explosion”
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5754447/US-lurching-towards-debt-explosion-with-long-term-interest-rates-on-course-to-double.html
Bailout Banks Buying Treasuries:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aucooSmI6UQQ
Greenspan: Housing Could Take Another Downturn:
http://www.reuters.com/article/topNews/idUSTRE5710W420090802?feedType=RSS&feedName=topNews&rpc=22&sp=true
US To Embassies: Exchange US Dollars For Local Currencies:
http://theinternationalforecaster.com/International_Forecaster_Weekly/Scams_And_Bailouts_The_Cause_of_World_Depression
What Should We Do???
1. Pray
2. Pray
3. Prepare if the LORD leads you to
4. Pray for Faith, Courage, Wisdom, and Understanding
5. Pray for Direction for your family and those you love
6. Get right with God.
7. Take your faith seriously. BUILD YOUR FAITH.
8. Flee from sin and temptation
9. Maintain a clean heart and listen to Him
10. Know that if you are faithful, God will care for you in the storm
Due to length, I will start a new post with applicable scripture…
I agree. I am not sure how they can do it, but I just wonder if the stock market (that has been climbing like crazy recently) is fake. How can it be climbing like that when more and more people that I know are losing their jobs, their homes and plants closing? Now the government is encouraging people to spend money that they don't have again to buy automobiles and the government is working to make it easier to get home loans so that people can buy homes that they cannot afford. That is exactly what got us into this last mess. There is a video out entitled "The Obama Deception" that is pretty scary and it eludes to the fact that there are three elite groups controling everything, including the DOW.
ReplyDeleteYes, we are in trouble, but as you said, we need to stay on our knees and trust in the Lord with all of our hearts and lean not on our own understandings and He promises to make our paths straight.
jesus is lord
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