Prophecy Sign: The coming global economic collapse
Some of the little economic dominoes are ready to fall, (Venezuela, Puerto Rico), which if they begin to default on their debts could cause a cascading effect that will begin to topple the likes of Greece, Spain, Portugal, etc with their huge unsustainable debt loads. This would then impact the so called first world nations whose debt levels have only greatly increased since the 2008 banking crisis. Can you say, global economic collapse? We knew you could.
They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD's wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin. Ezekiel NIV
World faces wave of epic debt defaults, fears central bank veteran
The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. "The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up," said William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS). The next task awaiting the global authorities is how to manage debt write-offs - and therefore a massive reordering of winners and losers in society - without setting off a political storm.
'China to spark global financial ICE AGE with depression sending markets crashing by 75%'
The sinking value of the Chinese currency is already crippling British industry as it can’t compete with China’s cheap exports. Other Western nations are also feeling the strain. And with even more to come experts have predicted an 'ice age' for the world’s economies – including Britain’s. Global deflation is going to wipe around 75 per cent in value off the American S&P stock market, as western firms will be unable to compete with cheap Chinese exports, according to analyst Albert Edwards from french bank Societe Generale. He gave the stark warning in an investment note to clients. And he blamed the upcoming 'carnage' on American central bank (the Fed) and its British and European counterparts for inflating prices in the first place. American Quantitative Easing (QE) - injecting extra money into the financial system - has pushed up global asset prices, teeing up a disastrous fall, Mr Edward believes.
The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week
Could you imagine waking up someday and realizing that more than half of your fortune had been wiped out? Things aren’t that bad in the U.S. quite yet, but it looks like another rough week could be ahead. The Dow, the S&P 500 and the Nasdaq are all down at least 12 percent from their 52-week highs, and the Russell 2000 is already in bear market territory. Hopefully this week will not be as bad as last week, but events are starting to move very rapidly now.
A Run On The Banks Begins In Italy As Italian Banking Stocks Collapse
The Italian financial meltdown that we have been waiting for has finally arrived. For quite a long time I have been warning my readers to watch Italy, and now people are starting to understand why. Italian banking stocks continued their collapse for a fifth consecutive day on Wednesday, and nervous Italians are beginning to quietly pull large amounts of money out of the banks. In particular, Monte dei Paschi is a complete and utter basket case at this point. A staggering one-third of their loans are “non-performing”, and the stock price has fallen a staggering 57 percent since 2016 began.
‘It’s pure fear’! Oil plunge is slamming markets again in what’s shaping up to be a historic rout
Venezuela declares ‘economic emergency’ amid currency woes
Puerto Rico 'in midst of economic collapse'
Brazil Has Fallen Into Its Worst Recession Since 1930s