Posted: 11 Jun 2017 Michael Snyder THE ECONOMIC COLLAPSE BLOG
If Jim Rogers is right, the worst stock market crash that any of us has ever seen is right around the corner. For the past 15 years, Rogers has been a frequent guest analyst on CNBC, Fox News and elsewhere, and he is immensely respected for the depth of knowledge and experience that he brings to the table.
So the fact that he is warning that we are about to see the worst stock market crash in any of our lifetimes is making a lot of waves in the financial community. And of course Rogers is far from alone. Previously, I have written about several other prominent experts that are warning that a new financial crisis is imminent, and I have also discussed how a number of big investors are quietly positioning themselves to make an enormous amount of money when the markets crash. Could it be possible that all of these incredibly sharp minds could be wrong? Yes, but I wouldn’t bet on it. I was actually quite stunned when I first learned what Jim Rogers had told Henry Blodget of Business Insider during a recent interview. Rogers has built up a tremendous amount of credibility, but now he is putting that credibility on the line by warning that a great stock market crash will happen by the end of next year. Here is the key portion of the interview … Blodget: Well, yeah, TV ratings do seem to go up during crashes, but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen? Rogers: Later this year or next. Blodget: Later this year or next? Rogers: Yeah, yeah, yeah. Write it down. There is no backing out of a statement like that. If Rogers is wrong, he will never hear the end of it. Subsequently, Blodget and Rogers also discussed how severe the coming crisis would be… Blodget: And how big a crash could we be looking at? Rogers: It’s going to be the worst in your lifetime. Blodget: I’ve had some pretty big ones in my lifetime. Rogers: It’s going to be the biggest in my lifetime, and I’m older than you. No, it’s going to be serious stuff. So that means that Rogers is convinced that the coming crisis is going to be even worse than what we went through in 2008. Of course this is something that I have been warning about for quite a while, but for Jim Rogers to make a statement like this is a really, really big deal. Later in the interview, Rogers shared more details about what he believes the coming crisis will look like… You’re going to see governments fail. You’re going to see countries fail, this time around. Iceland failed last time. Other countries fail. You’re going to see more of that. You’re going to see parties disappear. You’re going to see institutions that have been around for a long time — Lehman Brothers had been around over 150 years. Gone. Not even a memory for most people. You’re going to see a lot more of that next around, whether it’s museums or hospitals or universities or financial firms. That definitely sounds like an “economic collapse” to me. Of course the truth is that the U.S. economy is already in the midst of a slow-motion economic collapse that stretches back for decades, but this coming crisis that Rogers is talking about is going to great accelerate matters. Let us hope that it is put off for as long as possible, but at some point we are simply going to run out of time. And when markets do start falling, they can move very, very rapidly. Just look at what happened on Friday. Technology sector stocks were down 2.7 percent, and the FAANG stocks were some of the biggest movers… Facebook fell $5.11, or 3.3%, to $149.60.If we are indeed moving toward a new crisis, one of the things that we will want to watch for is an inverting of the yield curve. We saw this happen in 2000 and in 2006, and on both occasions it foreshadowed that a huge stock market crash was coming in the not too distant future. Unfortunately, CNBC says that a new inversion of the yield curve could happen “by the end of this year”… The bounce in Treasury yields witnessed after the election of Donald Trump is now decaying in the D.C. swamp. If the Federal Reserve continues to ignore this slow growth and deflationary signal from the bond market and continues along its current rate hiking path, the yield curve will invert by the end of this year and an equity market plunge and a recession is sure to follow.Another key indicator is the growth of commercial and industrial loans. According to Zero Hedge, this indicator has correctly foreshadowed every single recession since 1960… While many “conventional” indicators of US economic vibrancy and strength have lost their informational and predictive value over the past decade (GDP fluctuates erratically especially in Q1, employment is the lowest this century yet real wage growth is non-existent, inflation remains under the Fed’s target despite its $4.5 trillion balance sheet and so on), one indicator has remained a stubbornly fail-safe marker of economic contraction: since the 1960, every time Commercial & Industrial loan balances have declined (or simply stopped growing), whether due to tighter loan supply or declining demand, a recession was already either in progress or would start soon.So considering the fact that this indicator has been so accurate, it is extremely alarming that we could see our “first negative loan growth” since the last financial crisis “in roughly 4 to 6 weeks”… After growing at a 7% Y/Y pace at the start of the year, which declined to 3% at the end of March and 2.6% at the end of April, the latest bank loan update from the Fed showed that the annual rate of increase in C&A loans is now down to just 1.6%, – the lowest since 2011 – after slowing to 2.3% and 1.8% in the previous two weeks.And when you throw in all of the other signs that the U.S. economy is slowing down, a very clear picture begins to emerge. It has been said that those that do not learn from history are doomed to repeat it. As a society, we certainly didn’t learn much from the horrible financial disaster of 2008, and now so many of the exact same patterns are repeating once again. An unprecedented financial crisis is most definitely heading our way, and the only thing left to be answered is how soon it will get here. |
Woman Who Prophesied Trump Would Win Now Warns That a "Great Shaking" Is Coming and Churches Will Fall
MICHAEL SNYDER CHARISMA NEWS
If Dr. Patricia Green is correct, America is about to be shaken like we have never seen before.
And considering her track record, I would take what she has to say very seriously. She correctly prophesied in advance that Donald Trump would win the election in November. If you are not familiar with this prophecy, you can find it here on a video that she published Sept. 28. She also correctly prophesied Barack Obama's first election victory in advance, and she did it at a time when Hillary Clinton was expected to get the Democratic nomination. So unlike many other "prophets" that are floating around these days, she has a very long track record of being accurate.
In her latest video, she says God told her that a great shaking will soon come to America and many churches will fall. The following excerpt from her prophecy comes from Z3News.com:
Regarding the increase in prophecy, I will show my children what I am about to do on this earth through My prophets. My prophets will arise with this proclamation, "Make way for the coming of Yehoshua. Prepare the way. Prepare your hearts. He will shake the heavens and he will shake the earth with his outstretched arm. This great shaking will usher in great revival. The churches whose foundations are not established on the rock of Yehoshua will fall. Many will be shocked at the churches who fall because those churches put up a good front, but refuse to live in holiness. I will expose the greed, the fornication, the adultery and the idolatry of these churches. There is a great shaking coming, and I will expose the sin. Repent before it is too late."
If you would like to watch the entire video, you can find it on YouTube here.
Dr. Green's message immediately got my attention because it very closely mirrored what I have been proclaiming. I have been heralding the "shaking" that is coming and the "revival" that will follow on television, on the radio, in my latest book The Rapture Verdict and in my articles. Here is just one brief example:
Many are hoping for a great move of God instead of shaking. But the truth is that we should be thankful for the shaking that is coming because it will shake many into the kingdom.
If we want to make it through the shaking that is coming, we have no other choice but to walk in holiness.
It is easy to point the finger at others, but the truth is that each one of us needs to closely examine our own lives to make sure we are living the way we should.
Another voice with a very long track record that is warning that "dark days" are coming to America belongs to Stephen Hanson:
These are the days of uncertainty for many. These are the days of turmoil and unrest. And yet I would say that I can give you rest. I can give you rest in the midst of the storm. I calmed the sea when my disciples were in the boat. They were fearful of the storms and the waves, but I told them to look to Me and not to the water.Dark days are ahead for this nation. It is set in motion—the wheels are turning, and in time the very things spoken concerning the events leading up to the last days will come. A pendulum is swinging, and it is chiming out the hours. The very walls of justice will erupt. Confusion and calamity is seen upon the very steps of the White House.
And as I have written about previously, many other prophetic voices are saying the same thing.
Many believe that the church in America is in "good shape," but the numbers say otherwise. For instance, a new Barna Group study found that only about 10 percent of all Americans have a "biblical worldview", and for millennials, the number was less than half of that:
They found that while more than seven out of 10 Americans call themselves Christians, just one out of every 10 were able to answer basic questions about the Bible and the faith.The number is low among young Americans as well.Only four percent of millennials aged 18-29 scored 80 percent or higher on a survey asking questions about their faith.
How can anyone possibly claim that the church is in "good shape" after seeing that kind of data?
Judgment begins with the house of God, and there are so many out there who have refused to listen to the warnings, even after many of us have pleaded with them to listen time after time with great love in our hearts.
But there are also many who have heeded the call, and in these last days, God is raising up a mighty remnant that will do great exploits. The move of God that is coming will not have anything in common with the watered-down, lukewarm, wimpy "churchianity" so many of us have become accustomed to seeing.
In the times that are coming, we are going to need believers who are willing to be bold, strong and militant. I really like how Larry Alex Taunton made this point in an article for Fox News:
My father, a career soldier, had a phrase he liked to employ whenever he saw a man behave in a manner that was less than manly. He would say something like, "That was (obscene phrase)." Of course, my father didn't invent the idiom, but in his use of it you didn't need further explanation. You knew exactly what he was talking about.The term fits the kind of Christianity that has infected the church and sapped it of its vitality and strength. The expression might offend the sensibilities of some of my readers, to which I can only say: It might fit you.I urge you instead to be offended by the way our God's name is blasphemed in our country every day; by the 54 million children murdered in the holocaust of abortion since 1973; by the sordid sexual agenda that is eroding the very fabric of Western civilization; by the fact that Christians are dying for their faith, largely at the hands of Muslims, at a rate of 100,000 per year; and, most of all, by the reality that these things are being ignored, trivialized or celebrated.
Yes, a great shaking is coming, but God is not warning us about these things so we will be afraid.
Rather, we are being warned so we will not fear.
God is in control, He knew about all of this in advance and He has a plan.
And even in the midst of all the darkness, this will be the remnant's finest hour.
Without a great shaking, there would be no widespread revival, so we should embrace the shaking that is coming, because it will help spark what I believe will turn out to be the greatest move of God the world has ever seen.
Michael Snyder is the founder and publisher of End Of The American Dream. Michael's controversial new book about Bible prophecy entitled "The Rapture Verdict" is available in paperback and for the Kindle on Amazon.com.
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