Standing in support of Israel, Jews, and believers in all the nations, in the name of Jesus (Yeshua). Sharing biblical truth, encouragement, news and prophecy.
What I’m About To Share Will Blow Your Mind! (Lance behind the scenes unplanned broadcast with Adnan Maqsood.) Donald J Trump revealed his secret plan to drain the swamp and take on the intelligence community – called “Schedule F.”
The FBI had to raid the home to find out: a. What he’s planning on doing with the dismantling of the administrative state (swamp). — (see comments at 11 min.) b. Where he’s vulnerable in his Trump business side to help the NY Attorney Generals effort to put him in jail over inflating building appraisals when declaring bankruptcy, etc etc… c. Any other financial or personal information his lawyers and advisors talked to him about as well as all communications around Jan 6.
They want to close out the Jan 6 show trial with “Breaking News” about indictment of Trump for criminal conduct!
Podcast #714:What I’m About To Share Will Blow Your Mind! Listen to this ENTIRE episode of the Lance Wallnau Show at lancewallnau.com/podcast ——- Get the real news here: https://liftable.tv/underground
STEVE & LAURIE MARTIN - LOVE FOR HIS PEOPLE FOUNDERS My good wife Laurie and I (45 years in October 2022!), through the ministry of Love For His People we founded in 2010, give love and support for our friends in Israel and in other nations with friendship, humanitarian aid, and social media support, along with Steve's messages, and our Ahava Adventures trips to Israel. Steve has also authored and published 34 books. We live in the Charlotte, NC area. We have four adult children, spouses, and eight grandkids.
When it comes to creating a legacy, many people's minds turn to power, wealth and materialism—elements that too often become primary motivators. But Jackie Green, daughter-in-law of Hobby Lobby founder David Green, and her daughter, Lauren Green McAfee, are on a mission to transform the way people think about the legacy they leave behind.
"It's about so much more ... an eternal legacy, the thing that's going to outlive your life," Jackie Green said during a recent episode of PureFlix.com's "Pure Talk."
McAfee agreed, diving deeper into this sentiment.
"There are eternal things and there are temporal things," she said. "Those things that are temporal are not going to last and the only things that are eternal ... are the human soul and then God's word."
Green explained that it's essential for human beings to invest in these areas — and said that every person plays a role in shaping his or her own legacy. It all boils down to an essential question: "What is it that's going to outlive my own life?"
Crafting legacy, McAfee said, has much to do with having solid and unshakable conviction.
"I think conviction is so important, because we've got to have a foundation of what it is that we believe and what it is that we stand on," she said, explaining that it's essential to decide this before the hard times hit.
Considering the contentious 2014 Hobby Lobby Supreme Court battle that gripped the nation — and the Green family's refusal to back down from their religious beliefs in light of the Obama administration's controversial birth control mandate — Green and McAfee are no strangers to standing by their convictions.
Green, McAfee and their family members stood strong for their faith amid that case, and won.
In addition to having a proper focus on what matters as well as solid convictions, McAfee also spoke of the importance of operating with humility, and looking to God for guidance.
"We only have this one life, and God has given it to us," she said. "So any opportunities we have are from Him, and we should use those opportunities for his glory."
This article was originally published on Pure Flix Insider. Visit Pure Flix for access to thousands of faith and family friendly movies and TV shows. You can get a free, one-month trial here.
A desperate friend recently contacted me because he was worried that his son might be under the influence of a Christian ministry with questionable doctrines. The leader of the ministry preaches that any church that doesn't experience regular healings isn't following the true Jesus—and he suggests that only his small congregation has an inside track with God. Thankfully, my friend's son discerned something was off track.
Satan loves to pull Christians into unhealthy extremes. And immature Christian leaders sometimes allow youthful pride, greed or insecurity to suck them into toxic spirituality. The result is always a trail of wounded people. In my years of ministry, I've learned there are several clear signs that a ministry has veered away from the truth and into deception. Here are the most obvious:
1. Lack of spiritual accountability. Healthy leaders know they need to surround themselves with mentors and advisers who can question them if they step out of line. Proverbs 11:14 says: "In the multitude of counselors there is safety." But if you are following a teacher, prophet or apostle who has not submitted himself to any form of accountability, you are asking for trouble. Never align yourself with a Lone Ranger, no matter how fiery his sermons are. He will likely lead you off a cliff.
2. Overemphasis on money. You'd think we would have learned this by now, after so many American charlatans have conned people out of their life savings to build their mansions. But the charismatic church today is still vulnerable to the extremes of financial shenanigans. Godly leaders always call people to fund the work of the church and gospel outreach; unhealthy leaders, on the contrary, manipulate people in order to line their own pockets. Don't be charmed when a preacher makes outlandish promises about what will happen if you give to him.
3. An elitist attitude. All believers in Jesus are part of the body of Christ. Yet Christians who experience certain gifts or manifestations of the Holy Spirit are sometimes tempted to think they are superior. If they aren't careful, this subtle spiritual pride can morph into a dangerous elitism. Suddenly they are God's favorites, with special access to revelation that no one else knows and authority that no one else has.
Some ministries today claim to have inside information about end-times prophecy and the return of Jesus. In some cases they convince people to store up food and even guns to prepare for Armageddon. Back in the 1980s, a preacher named Charles Meade convinced many people to follow him to Florida, where his church taught that only those who aligned themselves with Meade's group would survive the last days. Don't let anyone suck you into this kind of cultic mindset.
4. A spirit of control among followers. A mature leader knows the members of his church don't belong to him. But there are insecure and untrained pastors who use manipulation and threats to keep their members loyal. True pastors don't have to constantly teach on spiritual authority to win their support of their flocks; but a controlling leader constantly emphasizes that he is in charge, and he demands total submission. This mindset can lead to serious spiritual abuse.
5. Constant talk of miracles with no documentation. There is a great hunger today in the body of Christ for the miraculous—and faith is rising for healing, prophecy and the full manifestation of the Holy Spirit's power. But in the rush to see God's power displayed, some people fall into the trap of hyping, sensationalizing or even faking miracles to get attention. This never bears good fruit.
In 2008, thousands of people traveled to Lakeland, Florida, to witness a "revival" that was supposedly marked by nightly miracles. Yet many of the healings (and even resurrections) that were announced from the pulpit were never verified—and the whole thing abruptly ended when the evangelist leading those meetings admitted to adultery. I hope we learned our lesson from Lakeland. God help us from ever repeating that tragedy.
6. Strange revelations that lack biblical basis. The apostle Paul warned us long ago that waves of deception would affect the church. "For the time will come when people will no longer endure sound doctrine ... they will turn their ears away from the truth ... " (2 Tim. 4:3-4). Never follow a preacher who claims "inside information" from God that no one else knows. Don't be mesmerized by his teachings—even if he claims that an angel gave him this information, or that he received it in a supernatural vision.
The test of truth is not how spooky spiritual something sounds, but whether it is in line with God's Word. Many false prophets can say, "God showed me this," but they are lying if their message contradicts Scripture. If something sounds really off when you hear it, don't ignore your gut feelings.
Don't be deceived. If you are a follower of Christ, you have been equipped with an internal alarm system that will warn you about any unhealthy teaching or ministry. Listen to the Holy Spirit, who is called the Spirit of truth (John 16:13). He can give you the discernment to know the difference between truth and error.
J. Lee Gradyis the former editor of Charisma. You can follow him on Twitter at leegrady. He is the author of several books including 10 Lies the Church Tells Women, 10 Lies Men Believe, Fearless Daughters of the Bible and The Holy Spirit Is Not for Sale. You can learn more about his ministry, The Mordecai Project, atthemordecaiproject.org.
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If something stands in the way of your victory over trials and tribulations, declare your faith in the name of Jesus! (iStock photo )
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Jesus said when healing the blind man, "What do you want Me to do for you?" (Mark 10:36).
I believe Jesus is modeling the power of our words. All through the Bible it talks about the spoken word. The Bible tells us to speak to our mountain (Mark 11:23), that death and life are in the power of the tongue (Prov. 18:21) and to call things that are not as if they are (Rom. 4:17).
We need to align our words and actions with our faith. When Jesus went to heal a man, He said, "Stretch out your hand" (Mark 3:5). That man did a prophetic action. He aligned his faith with a natural action by stretching out his hand. Jesus was putting this man's faith to action, a prophetic action.
Another time Jesus went to heal, he made the man speak out what He wanted. The blind man said, "That I may receive my sight." The words "that I may receive my sight" were a declaration. He was declaring and speaking into the spiritual atmosphere what He wanted to see manifest in the natural realm. There is power in our words!
The Word says, "You will also declare a matter, and it will be established unto you" (Job 22:28). I believe that will happen when it is in alignment with God's will, and we can see what His will is by reading the Scriptures. The blind man didn't say, "Please pray for my eyes. I want to see." He declared out what he wanted: "that I may receive my sight!"
This reminds me of a time I was diagnosed with needing a root canal and a crown. I thought, "Really, God, I know of a better way to spend $2,000 of Your money." I stood in faith for a few months to receive my healing. In fact, when the dentist diagnosed it, I said, "How long do I have?" He said, "What?" I said, "How long do I have, because I am going to pray and my God is going to heal me." I declared and spoke to my mountain, which was my tooth and commanded it to be healed in Jesus' name.
I did go up to receive healing prayer one day, but instead of asking for prayer, I spoke out as a declaration what I wanted. I said, I have been diagnosed as needing a root canal and I am expecting God to heal me so that I don't need the procedure. I claimed what I expected to see manifest. I laid hands on my mouth and said, "Root be recreated, and inflammation, go in Jesus' name." I spoke to every element associated with my diagnosis and believed by faith I would see the manifestation of my healing.
I did receive my healing, verified by three tests and one x-ray that said I didn't need a root canal! Glory to God! I had to take the prophetic action and speak it out, like Jesus made the blind man.
Speak out! What do you want Jesus to do for you? Where do you need a miracle? What do you need to believe God for? Where do you need to take an action in the natural to have it line up with what God wants to do for you?
Put your natural circumstance into a prophetic proclamation and believe for your situation to change.
Kathy DeGraw is the founder of DeGraw Ministries, a prophetic ministry releasing the love and power of God, igniting people in the prophetic and releasing people from emotional bondage. She's passionate about teaching people the power of prayer through declaring. She speaks at conferences and travels hosting evangelistic love tours. She has written her own prophetic and deliverance training manuals in order to assist other ministries. She is the founder of Change into Colorless, an anti-racism corporation and co-pastors a church. Kathy is the author of Spiritual Warfare Declarations, A Worship Woven Life, Time to Set the Captives Free, and Flesh, Satan or God. Connect with Kathy at degrawministries.org.
NEW from CHARISMA:Do you want to encounter the Holy Spirit and hear God speak to you? Increase your faith, discover freedom, and draw near to God! Click Here
"The Lord your God is in your midst, a Mighty One, who will save. He will rejoice over you with gladness, He will renew you with His love, He will rejoice over you with singing" (Zeph. 3:17).
Growing up, I never felt beautiful. We didn't have much money, and all my clothes—except one new outfit every year—came from yard sales. A few times my mom tried to cut my hair herself and my long locks ended up at my ears, and after my baby teeth came in, my adult teeth came in crooked.
The worst year was sixth grade. I weighed more than my stick-thin friends and it was determined I needed glasses. I picked out Jordache frames—a popular brand at the time—but I still got made fun of when I showed up wearing them at school. "Hey, four eyes," I was greeted by Keith, the cutest boy in my class. I was horrified. After that, the glasses stayed home. I'd have to walk to the front of the room to see the chalkboard, but at least I wouldn't have to face the trauma of being completely homely.
It's funny how we carry the feelings of low self-worth with us into adulthood. Even after I grew out of my ugly-duckling stage, I still felt inadequate, unpopular. I carried this into my relationship with Jesus. I thought He loved me—because that's what Jesus is supposed to do—but I never felt truly beautiful in His eyes. Or at least I didn't feel that way until I stumbled upon Zephaniah 3:17.
I can still remember the rush of joy in my heart as I read those words. I imagined Jesus looking at me with complete infatuation. Like a groom singing a love song to His bride, I pictured complete love in His gaze. That type of love overwhelmed me. I'm completely beautiful in His eyes. He doesn't just put up with me; He gave everything so I would be His.
Faith Step: Read a few popular love poems, like "She Walks in Beauty" by Lord Byron, and try to grasp Jesus' immense love for you.
Tricia Goyerhas written more than 35 books, including both novels that delight and entertain readers and nonfiction titles that offer encouragement and hope. She has also published more than 500 articles in national publications such as Guideposts, Thriving Family, Proverbs 31, and HomeLife Magazine.
NEW from CHARISMA:Do you want to encounter the Holy Spirit and hear God speak to you? Increase your faith, discover freedom, and draw near to God! Click Here
Posted: 28 Dec 2015 MICHAEL SNYDER THE ECONOMIC COLLAPSE blog
If you have a bank account anywhere in Europe, you need to read this article. A new bail-in system will go into effect for all European banks. This new system is based on the Cyprus bank bail-ins that we witnessed a few years ago. If you will remember, money was grabbed from anyone that had more than 100,000 euros in their bank accounts in order to bail out the banks.
Now the exact same principles that were used in Cyprus are going to apply to all of Europe. And with the entire global financial system teetering on the brink of chaos, that is not good news for those that have large amounts of money stashed in shaky European banks.
Below, I have shared part of an announcement about this new bail-in system that comes directly from the official website of the European Parliament. I want you to notice that they explicitly say that “unsecured depositors would be affected last”. What they really mean is that any time a bank in Europe fails, they are going to come after private bank accounts once the shareholders and bond holders have been wiped out. So if you have more than 100,000 euros in a European bank right now, you are potentially on the hook when that bank goes under…
The directive establishes a bail-in system which will ensure that taxpayers will be last in the line to the pay the bills of a struggling bank. In a bail-in, creditors, according to a pre-defined hierarchy, forfeit some or all of their holdings to keep the bank alive. The bail-in system will apply from 1 January 2016.
The bail-in tool set out in the directive would require shareholders and bond holders to take the first big hits. Unsecured depositors (over €100,000) would be affected last, in many cases even after the bank-financed resolution fund and the national deposit guarantee fund in the country where it is located have stepped in to help stabilise the bank. Smaller depositors would in any case be explicitly excluded from any bail-in.
And as we have seen in the past, these rules can change overnight in the midst of a major crisis.
So they may be promising that those with under 100,000 euros will be safe right now, but that doesn’t necessarily mean that it will be true.
It is also important to note that there has been a really big hurry to get all of this in place by January 1. In fact, at the end of October the European Commission actually sued six nations that had not yet passed legislation adopting the new bail-in rules…
The European Commission is taking legal action against member states including the Netherlands and Luxembourg, after they failed to implement rules protecting European taxpayers from funding billions in bank rescues.
Six countries will be referred to the European Court of Justice (ECJ) for their continued failure to transpose the EU’s “bail-in” laws into national legislation, the European Commission said on Thursday.
So why was the European Commission in such a rush?
Is there some particular reason why January 1 is so important?
This is something that I will be watching.
Meanwhile, there have been major changes in the U.S. as well. The Federal Reserve recently adopted a new rule that limits what it can do to bail out the “too big to fail” banks. The following comes from CNN…
The Federal Reserve is cutting its lifeline to big banks in financial trouble.
The Fed officially adopted a new rule that limits its ability to lend emergency money to banks.
In theory, the new rule should quash the notion that Wall Street banks are “too big to fail.”
If this new rule had been in effect during the last financial crisis, the Federal Reserve would not have been able to bail out AIG or Bear Stearns. As a result, the final outcome of the last crisis may have been far different. Here is more from CNN…
Under the new rule, banks that are going bankrupt — or appear to be going bankrupt — can no longer receive emergency funds from the Fed under any circumstances.
If the rule had been in place during the financial crisis, it would have prevented the Fed from lending to insurance giant AIG (AIG) and Bear Stearns, Fed chair Janet Yellen points out.
So if the Federal Reserve does not bail out these big financial institutions during the next crisis, what is going to happen?
Will we see European-style “bail-ins” when large banks start failing?
And exactly what would such a “bail-in” look like?
Essentially, what happens is that wealth is transferred from the “stakeholders” in the bank to the bank itself in order to keep it solvent. That means that creditors and shareholders could potentially lose everything if a major bank in Europe fails. And if their “contributions” are not enough to save the bank, those holding private bank accounts will have to take “haircuts” just like we saw in Cyprus. In fact, the travesty that we witnessed in Cyprus is being used as a “template” for much of the new legislation that is being enacted all over Europe.
Many Americans assume that when they put money in the bank that they have a right to go back and get “their money” whenever they want. But if we all went to the bank at the same time, there wouldn’t be nearly enough money for all of us. The reason for this is that the banks only keep a small fraction of our money on hand to satisfy the demands of those that conduct withdrawals on a day to day basis. The banks take the rest of the money that we have deposited and use it however they think is best.
If you have money at a bank that goes under, that bank will still be obligated to pay you back, but it may not be able to do so. This is where the FDIC comes in. The FDIC supposedly guarantees the safety of deposits in member banks, but at any given time it only has a very, very small amount of money on hand.
If some major crisis comes along that causes banks all over the United States to start falling like dominoes, the FDIC will be in panic mode. During such a scenario, the FDIC would be forced to ask Congress for a massive amount of money, and since we already run a giant deficit every year the government would have to borrow whatever funds would be required.
Personally, I find it very interesting that we have seen major rule changes in Europe and at the Federal Reserve just as we are entering a new global financial crisis.
Do they know something that the rest of us do not?
Be very careful with your money, because I am convinced that “bank bail-ins” will soon be making front page headlines all over the world.
Posted: 07 Dec 2015 Michael Snyder - THE ECONOMIC COLLAPSE BLOG
On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years. The last time the price of oil was this low, the global financial system was melting down and the U.S. economy was experiencing the worst recession that it had seen since the Great Depression of the 1930s. As I write this article, the price of U.S. oil is sitting at $37.65. For months, I have been warning that the crash in the price of oil would be extremely deflationary and would have severe consequences for the global economy. Nations such as Japan, Canada, Brazil and Russia have already plunged into recession, and more than half of all major global stock market indexes are down at least 10 percent year to date. The first major global financial crisis since 2009 has begun, and things are only going to get worse as we head into 2016.
The global head of oil research at Societe Generale, Mike Wittner, says that his “head is spinning” after the stunning drop in the price of oil on Monday. Just like during the last financial crisis, we have broken the psychologically important 40 dollar barrier, and there are concerns that we could go much lower from here…
One analyst told CNBC that he believes that we could soon see the price of U.S. oil go all the way down to 32 dollars a barrel…
“We’re in a tug-of-war between a heavily shorted market and a glut of oil in the U.S. and globally, as Saudi Arabia continues to produce oil at elevated levels to maintain market share,” said Chris Jarvis at Caprock Risk Management, an energy markets consultancy in Frederick, Maryland.
“Couple this with a strengthening dollar as the market anticipates a U.S. rate hike this month, oil is heading lower with a near term target of $32 for WTI.”
Analysts at Goldman Sachs are even more pessimistic than that. According to Business Insider, they are saying that we could eventually see the price of oil go below 20 dollars a barrel…
At OPEC’s meeting on Friday, member countries decided to set its production level at 31.5 million barrels per day, and did not agree on what the new limit should be.
After OPEC’s meeting, commodity strategists at Goldman put out a note saying that oil prices could plunge another 50% in the coming months, as the oil market tries to rebalance the supply and demand situation.
That may sound really good to you, especially if you fill up your gas tank frequently. But the truth is that plunging oil prices are exceedingly bad for the U.S. economy as a whole. In recent years, the energy industry has been the primary engine for the creation of good jobs in this country, and now those firms are having to lay off people at a frightening pace. Not only that, CNBC’s Jim Cramer is warning that many of these firms may actually start going under if the price of oil doesn’t start going back up soon…
“This is not ‘longer and lower;’ this is ‘longer and much lower.’ There’s companies that are not going to be able to fund with futures; there’re companies that are not going to be able to get credit,” Cramer said on “Squawk on the Street.”
Cramer made his remarks after the Organization of the Petroleum Exporting Countries decided not to lower production on Friday.
“This was a devastating blow for the U.S. oil industry,” Cramer said.
On Monday, we witnessed another benchmark that we have not seen since the last financial crisis.
I watch a high yield bond ETF known as JNK very closely. On Monday, JNK broke below 35 for the first time since the financial crisis of 2008. Just like 40 dollar oil, this is a key psychological barrier.
So why is this important?
As I discussed last week, junk bonds crashed before stocks did in 2008, and now it is happening again. If form holds true, we should expect U.S. stocks to start tumbling significantly very shortly.
Meanwhile, another notable expert has come forward with a troubling forecast for the global economy in 2016. Just like Citigroup, Raoul Pal believes that there is a very significant chance that we will see a recession next year…
Former global macro fund manager Raoul Pal says there’s now a 65% chance of a global recession.
In July, Pal predicted that the Institute of Supply Management’s (ISM) manufacturing index would break the key level of 50 late in 2015.
On December 1, the ISM broke the 50 level for the first time since the 2008 recession, reaching 48.6.
“I use the ISM as a guide to the global business cycle, not just the US cycle,” Pal told Business Insider.
What amazes me is that so many people out there cannot see what is happening even though the next great crisis has already started. The evidence is all around us, and yet so many choose to be willingly blind.
Instead of fixing our problems after the last crisis, we just papered them over with lots of money printing and lots more debt. And of course all of this manipulation just made our long-term problems even worse. I really like how Peter Schiff put it recently…
What’s happening is pretty much what we would anticipate. I don’t see from the data any real economic recovery, certainly not in the United States.
We’re spending more money, but it’s not because we’re generating more wealth. We’re generating more debt. We’re using that borrowed money to consume and so temporarily it feels that we’re wealthier because we get to spend all that money… but we have to come to terms with paying the bill. The bills are going to come due. Right now interest rates are being kept at zero which makes it possible to service the debt even though it’s impossible to repay it… at least we can service it. But once interest rates go up then we can’t even service it let alone repay it. And then the party is going to come to an end.
Indeed – the party is coming to an end, and a new financial crisis is playing out in textbook fashion right in front of our eyes.
Hopefully you are already prepared for what is coming next, because it is going to be extremely painful for the U.S. economy.
Posted: 01 Dec 2015 Michael Snyder THE ECONOMIC COLLAPSE BLOG
One of the most important banks in the western world says that the 7th largest economy on the entire planet has entered a full-blown economic depression. Brazil’s economy has now contracted for three quarters in a row, and many analysts believe that things are going to get far worse before they have a chance to get any better. Earlier this year, I warned about “the South American financial crisis of 2015“, and now it is in full swing.
The surging U.S. dollar is absolutely crushing emerging markets such as Brazil, and if the Fed raises interest rates this month that is going to make the pain even worse. The global financial system is more interconnected than ever before, and the decisions made by the Federal Reserve truly do have global consequences. So much of the “hot money” that was created by the Fed poured into emerging markets such as Brazil during the good times, but now the process is starting to reverse itself. At this point, it is hard to see how much of South America is going to avoid a complete and total economic disaster.
It is one thing for Michael Snyder from the Economic Collapse Blog to say that the Brazilian economy has entered a “depression”, but it is another thing entirely when Goldman Sachs comes out and publicly says it. The following comes from a Bloomberg article that was just posted entitled “Goldman Warns of Brazil Depression After GDP Plunges Again“…
Latin America’s largest economy shrank more than analysts forecast, as rising unemployment and higher inflation sapped domestic demand, pulling the nation deeper into what Goldman Sachs now calls “an outright depression.”
Gross domestic product in Brazil contracted 1.7 percent in the three months ended in September, after a revised2.1 percent drop the previous quarter, the national statistics institute said in Rio de Janeiro. That’s worse than all but three estimates from 44 economists surveyed by Bloomberg, whose median forecast was for a 1.2 percent decline. It also marks the first three-quarter contraction since the institute’s series began in 1996, and a seasonally adjusted annual drop of 6.7 percent.
And when you look deeper into the numbers they become even more disturbing.
Unemployment is rising, consumer spending is way down, and investment spending is absolutely collapsing. Here is some of the data that Goldman Sachs just released that comes via Zero Hedge…
Private consumption has now declined for three consecutive quarters (at an average quarterly rate of -8.5% qoq sa, annualized), and investment spending for nine consecutive quarters (at an average rate of -10.0% qoq sa, annualized). Overall, gross fixed investment declined by a cumulative 21% from 2Q2013. The declining capital stock of the economy (declining capital-labor ratio) hurts productivity growth and limits even further potential GDP. The sharp contraction of real activity during 3Q was broad-based: both on the supply and final demand side. Final domestic demand weakened sharply during 3Q2015 (-1.7% qoq sa and -6.0% yoy) with private consumption down 1.5% qoq sa (-4.5% yoy) and gross fixed investment down 4.0% qoq sa (-15.0% yoy). Finally, on the supply side, we highlight that the large labor intensive services sector retrenched again at the margin (-1.0% qoq sa; -2.9% yoy).
The term “economic depression” is not something that should be used lightly, because it conjures up images of the Great Depression of the 1930s. And the Brazilian economy is very important to the global economic system. As I mentioned above, there are only six countries in the entire world that have a larger economy, and Brazil accounts for more than 242 billion dollars worth of exports every year.
So if Brazil is feeling pain, it is going to affect all of us.
Up to this point, everyone had been calling what has been going on in Brazil a “recession”, but now Goldman Sachs is the first major bank to label it “an outright economic depression”…
“What started as a recession driven by the adjustment needs of an economy that accumulated large macro imbalances is now mutating into an outright economic depression given the deep contraction of domestic demand,” Alberto Ramos, chief Latin America economist at Goldman Sachs Group Inc., wrote in a report Tuesday.
Of course Brazil is far from alone. The third largest economy on the globe, Japan, has also now slipped into recession territory. So has Russia. And just today we learned that Canadian GDP is plunging…
Who could have seen that coming? It appears, for America’s northern brethren, low oil prices are unequivocally terrible. Against expectations of a flat 0.0% unchanged September, Canadian GDP plunged 0.5% – its largest MoM drop since March 2009 and the biggest miss since Dec 2008.
It is just a matter of time before this global economic downturn catches up with us here in the U.S. too.
In fact, there is evidence that this is already happening.
According to brand new numbers that just came out, manufacturing activity in the U.S. is contracting at the fastest pace that we have seen since the last recession…
Manufacturing in the U.S. unexpectedly contracted in November at the fastest pace since the last recession as elevated inventories led to cutbacks in orders and production.
The Institute for Supply Management’s index dropped to 48.6, the lowest level since June 2009, from 50.1 in October, a report from the Tempe, Arizona-based group showed Tuesday. The November figure was weaker than the most pessimistic forecast in a Bloomberg survey. Readings less than 50 indicate contraction.
Another indicator that I am watching is the velocity of money.
When an economy is healthy, money tends to flow fairly freely. I buy something from you, and then you buy something from someone else, etc.
But when economic conditions start to get tough, people start to hold on to their money. That means that money doesn’t change hands as quickly and the velocity of money goes down. As you can see below, the velocity of money has declined during every single recession since 1960…
When a recession ends, the velocity of money normally starts going back up.
But a funny thing happened when the last recession ended. The velocity of money ticked up slightly, but then it started going down steadily. In fact, it has kept on declining ever since and it has now hit a brand new all-time record low.
This is not normal. Yes, Wall Street is temporarily flying high for the moment, but the underlying economic fundamentals are all screaming that something is horribly wrong.
A global crisis has begun, and the U.S. will not be immune from it. I truly believe that we are heading toward the worst economic downturn that any of us have ever experienced.
But there are many out there that insist that nothing is the matter and that happy times are ahead.
So who is right and who is wrong?
When someone is right over and over and over, eventually people start paying attention. Personally, I have learned to tune out the “forecasts” of most “economic experts” out there. As an attorney, I was trained to be skeptical, and I have found that most forecasts about what the financial markets are going to do are not worth the paper they are printed on. However, once in a while something comes along that really gets my attention. Over the past few days, I have seen a number of references to the remarkable forecasts of Bo Polny of Gold 2020 Forecast.
In recent months he has correctly predicted that U.S. stocks would begin to drop in July, that there would be a huge plunge in August and that that the month of September would be rather uneventful. Now he is saying that he expects “November to be a complete meltdown on the U.S. and world markets”. Just because he has been right in the past does not guarantee that he will be correct this time around, but lots of people (like me) are starting to pay attention.
So how does Polny come to his conclusions? Well, he uses something that most of us hated when we were in school – mathematics. The following comes from the Daily Sheeple…
Cyclical analyst Bo Polny of Gold 2020 Forecast utilizes advanced mathematical formulas and years of cyclical analysis to make forecasts about global stock markets. In late July he noted that U.S. stock markets had hit a top and that investors should prepare for a rapid down-move in the Dow Jones and other indexes. As we now know, that prediction has come to pass.
But while many on Wall Street panicked, Polny noted that the crash was not yet imminent and that the month of September would be relatively calm, with no major moves up or down forecast to occur. Once again, his analysis proved accurate.
I want to stress that I do not know if he will be right this time around. When trying to forecast the future of the markets, there are thousands of moving pieces, and many of them cannot be accounted for easily. But without a doubt the markets are perfectly primed for a major crash, so it would not surprise me in the least if he did turn out to be correct.
Bo’s model appears to have an impressive track record of accurate predictions, including the following:
Price of gold reaching $1900 in 2011
China’s stock market peak in April 2015
Hong Kong market peak on April 29 2015
U.S. stock market drop beginning in July 2015
Sharp drop in the stop market in August 2015
U.S. stock market uneventful in September 2015
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If Polny is right again this time, next month will be the most significant month for global financial markets since the crash of 2008. Here is more from Z3News…
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In an interview with Future Money Trends on October 17 2015, he made the following comments:
“Now we are expecting the next leg down on the U.S. and world markets on the dollar. What we are forecasting now is the lows of August are all going to break. They could break in the month of October yet, but we believe they will break no problem into November. We expect November to be a complete meltdown on the U.S. and world markets.”
“If you thought the crash of August 2015 was bad; November 2015 is expected to usher in the START of the US Stock, Dollar, and Treasuries Market MELTDOWN!!!” “The end of this year ushers in the start of an Economic Meltdown that is to last years! The U.S. Dollar, Treasuries, and Stock Market bomb is set to blow in November 2015!”
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Polny is projecting that stocks could ultimately fall by as much as 70 percent by the time it is all said and done. You can watch a full interview where he discusses these things right here.
Meanwhile, early signs of the kind of trouble that Polny is warning about continue to pop up. On Wednesday, the stock price of one of the largest pharmaceutical companies in the world absolutely crashed after a report came out claiming that it was in danger of suffering the same fate as Enron…
Hedge fund darling Valeant Pharmaceuticals is getting hammered after short-selling-firm Citron Research published a report comparing it to Enron.
The Canadian drug company’s stock was last down about 25% at around $110. It had fallen as low as $88.50.
The stock has been popular among hedge funds.
It ranked No. 10 on Goldman Sachs’ stocks that “matter most” to hedge funds list for the second quarter. According to Goldman, 32 funds had the stock as one of their top-10 stock holdings.
And this week we learned that construction machinery giant Caterpillar has now reported global sales declines for 34 consecutive months. The following comes from Zero Hedge…
Most cats bounce at least once when they die, but not this one: after CAT posted its first annual drop in retail sales in December of 2012, it has failed to see a rise in retail sales even once.
In fact, since then Caterpillar has seen 34 consecutive months of declining global sales, and 11 consecutive months of double digit declines!
Those that assume that everything is going to be “just fine” now that we have gotten past September are going to be dead wrong.
Whether it happens in November or not, the kind of chaotic financial collapse that Bo Polny is warning about will happen.
And of course factors that he is unable to account for such as war, terror attacks and major natural disasters could greatly accelerate things.
Once again, I don’t know if everything that Bo Polny is saying is going to turn out to be 100% accurate or not. I am just reporting what he is saying. But it is true that what he is forecasting fits very well with what I have been warning my readers about for months and months.
A day of reckoning is most definitely coming for global financial markets.
