Lyn Leahz | Monday January 2, 2017
We have been seeing many warnings, from Prophecy scholars to financial experts, that an economic collapse is coming. With all of the misleading news and hype, it is imperative we research and ask ourselves if such an event is truly realistic. And, if so, find out what we can do to prepare for such a calamity.
While spending a great deal of time researching the matter, I discovered an entire slew of articles from reputable sources proving that a ‘soon’ coming economic crisis is highly probable. In fact, I have listed excerpts from a select few of them below.
An article posted by Fortune in January of 2016 states:
You don’t have to listen very hard to hear the bears growling on Wall Street, London, or Paris these days. Indeed, the Dow Jones Industrial Average was down another 300 points on Wednesday to just under 16,200. With the U.S. stock market sagging, oil off to its worst start ever, and the China’s economy continuing to deteriorate, bearish analysts have a wealth of evidence to point to.
And they don’t come much more bearish than Albert Edwards, strategist at Société Générale. He’s not had much nice to say about the global economy in years, and recent events have only hardened his convictions that the world is headed for disaster, and will take the prices of equities down with it. How much? Edwards predicts the U.S. stock market could plunge as much as 75%. That would be worse than during the financial crisis, in which stocks from their peak to trough dropped a brutal 62%.
And, Ann Rutledge of Forbes the following month wrote:
I am a fixed income analyst with a fascination for patterns. Here’s one to consider: since the Bretton Woods Agreement ended in the 1970s, there has been a financial crisis in the seventh year in three of the last four decades: 1987, 1997, 2007. One way or another, every crisis has involved Asia.
For example, the name for the 1987 stock market crisis is Black Monday. However, the crisis can be traced back to Asian market jitters the Sunday night before, which kick-started a cascade of structured stock and derivative trades and strained the market beyond its capacity.
She also added:
I am not a macro-economist. But, like Chauncey Gardiner, I have been there: I watched futures prices go limit-down from the floor of the Chicago Board of Trade on Black Monday. My savvy Moody’s colleague in Hong Kong, Lynn Exton, warned me in 1996 about the coming Asian bank crisis. I understood the vulnerability of structured credit ratings before the GFC. In fact, I left that world in 1999 to plug the widening black hole.
So, if you ask me whether we are going to have another global financial crisis in 2017…I would say the odds are good. This one probably started in 2013 and by now is well under way.
JL Yastine of the Sovereign Investor also sent out a warning:
Several noted economists and distinguished investors are warning of a stock market crash. Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
Mark Faber, Dr. Doom himself, recently told CNBC that “investors are on the Titanic” and stocks are about to “endure a gut-wrenching drop that would rival the greatest crashes in stock market history.”And the prophetic economist Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.”
Smithers backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.
Even the Royal Bank of Scotland says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.” Blue chip stocks like Apple, Microsoft, and IBM will plunge.
But there is one distinct warning that should send chills down your spine … that of James Dale Davidson. Davidson is the famed economist who correctly predicted the collapse of 1999 and 2007.
Davidson now warns, “There are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is looming – it’s already at our doorstep.” And if Davidson calls for a 50% market correction, one should pay heed.
And Yastine concludes:
Indeed, his predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin. They know that when Davidson makes a prediction, he backs it up. True to form, in a new controversial video, Davidson uses 20 unquestionable charts to prove his point that a 50% stock market crash is here.
Most alarming of all, is what Davidson says will cause the collapse. It has nothing to do with the China meltdown, Wall Street speculation or even the presidential election. Instead, it is linked back to a little-known economic “curse” that our Founding Fathers warned our elected officials about … a curse that was recently triggered.
One anonymous viewer wrote: “Davidson uses clear evidence that spells out the looming collapse, and he does it in a simple language that anyone can understand.” (Indeed, Davidson uses a sandcastle, a $5 bill, and straightforward analogies to prove his points.)
How concerned should we be? While I don’t think we should panic at this point and run for the hills, I do feel that to ignore such an overwhelming sense of urgency would be ignorant and devastating.
You might ask, “What will happen if the U.S. economy collapses?” Here is what you can expect:
If the U.S. economy collapses, you will not have access to credit. Banks will close. That means high demand, and low supply, of food, gas and other necessities. If the collapse affects local governments and utilities, then water and electricity will no longer be available. As people panic, self-defense becomes more important. The economy quickly reverts to a traditional economy, where those who grow food barter for other services.
A U.S. economic collapse would create global panic. Demand for the dollar, and U.S. Treasuries, would plummet. Interest rates would skyrocket Investors would rush to other currencies, such as the yuan, euro, or even gold. It would create not just inflation, but hyperinflation as the dollar became dirt cheap.
You can find out how you can prepare and what you can do here.
Finally, a recent article by Peter Coy from Bloomberg is a bit more skeptical, though he says there is reason for concern:
You can’t really mark the next crisis down on your calendar, of course. The point is that crackups come fairly regularly. And some of the prerequisites for the next one do seem to be falling into place.
The International Monetary Fund may have gotten things about right in its annual Global Financial Stability Report, which was issued in October. It doesn’t sound an alarm but expresses concern. Short-term risks have actually abated, the IMF says, pointing to rebounding commodity prices, which help some key emerging markets, and the prospect of easier money in developed markets. But, it says, “medium-term risks continue to build.” It cites the unsettled political climate, which makes entrenched problems harder to tackle; some weak financial institutions in developed markets; and heavy corporate debts in emerging markets.
Risks that aren’t acute can build for a while before triggering a crisis. What’s indisputable is that debt, the tinder of almost every financial conflagration, is growing rapidly. At 225 percent of world gross domestic product, combined public and private debt outside the financial sector “is currently at an all-time high,” the IMF says. Debt fuels growth but also makes borrowers brittle. Debtors keep owing money even if they lose the ability to repay. If they default, their lenders are damaged and sometimes default on their own obligations, and so the dominoes fall.
How bad will it be, if at all? Only time will tell. I think the real question is, ‘Is it plausible or probable?” If history repeats itself, I would lean more toward probable. However, I know I’m going to take necessary measures to protect myself and my family should a financial crisis take place. Too many people are sounding the alarm for me NOT to pay attention.
America In BIG Trouble As Experts Reveal What Is About To Happen!
Lyn Leahz is a journalist, radio show producer and host, author, as well as contributor to numerous alternative media news and opinion sites including her own site, Freedom Nation News. Of particular note, Lyn’s YouTube channel reaches over 121,000 subscriptions, having become one of YouTube’s leading channels on the varied topics associated with “the last days”. For example: a recent interview with author and Christian radio personality, Benjamin Baruch, has garnered over 1,255,977 views! Her program covers a broad spectrum of subjects: End-times events, spiritual warfare, personal and national repentance, as well as breaking news that speaks to the fulfillment of Bible prophecy. Lyn’s ministry skyrocketed after completing her first Christian fiction end-times’ novel, Soul Deceiver, in 2011 (available through Thomas Nelson, Westbow Press Publishing Company). Aside from her YouTube channel, Lyn has several radio shows. She has interviewed numerous famous personalities like Christian-political artist Jon McNaughton, Brent Baum, John Ragan, L.A. Marzulli, Paul McGuire, Troy Anderson and Bruce Hall, Producers of the Finding Noah Film, Brett Creamer (also featured on Rick Wiles’ TruNews radio broadcast), Michael Snyder, author of the Economic Collapse Blog and End of the American Dream Website (recently featured on “The Jim Bakker Show”); as well as John Shorey, best selling author of The Window of the Lord’s Return, who has also been a frequent special guest on “The Jim Bakker Show” and “It’s Supernatural” produced by Sid Roth. She also has been featured in Prophecy In the News where she spoke at the 2016 Prophecy In the News Annual Pike’s Peak Conference.