The Greatest depression is coming, are you ready?
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It is interesting watching all these layoffs at tech companies and something very interesting is taking place. If you want to replace a cashier at a grocery store you have to buy a special self checkout Kiosk, and you will still need a person to supervise, and you will need people who can service the machine.
However, if you want to replace a guy who writes computer code you don't have to buy anything. ChatGPT Can do that for free. No doubt in the near future they will charge you for software that can do this, but it is extremely quick and easy to replace programmers, coders, and people looking for bugs with AI.
The same is true of para legals and about half of your lawyers.
They are also using ChatGPT to do creative work, draw pictures, write commercials, etc.
My point is that once AI can replace a white collar job it is so much easier and cheaper to do that. You will see the layoffs of white collar workers will be fast and furious.
The one problem they have is with schools, you can't replace a kindergarten teacher with AI, hence the vaccine to sterilize people and cut down on births.
However, if you want to replace a guy who writes computer code you don't have to buy anything. ChatGPT Can do that for free. No doubt in the near future they will charge you for software that can do this, but it is extremely quick and easy to replace programmers, coders, and people looking for bugs with AI.
The same is true of para legals and about half of your lawyers.
They are also using ChatGPT to do creative work, draw pictures, write commercials, etc.
My point is that once AI can replace a white collar job it is so much easier and cheaper to do that. You will see the layoffs of white collar workers will be fast and furious.
The one problem they have is with schools, you can't replace a kindergarten teacher with AI, hence the vaccine to sterilize people and cut down on births.
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This video does a nice job explaining what is about to happen, though he takes 8 minutes so I'll give a brief summary.
Our foreign trade has become more and more where we import goods and services from abroad and export US dollars (they buy US bonds). Since this was balanced we didn't have to raise interest rates and the more money the Fed printed the more Americans spent and we had a great standard of living.
But now China, Russia, and soon a host of other countries will be dumping the US debt on the market. This means that either the Fed buys it up or else interest rates must rise to get other buyers to buy it. If the Fed buys it up which is what will happen all that money stays in the US and you will see inflation take off.
Think of it this way, if China sells US bonds and Japan buys them there is no negative impact to the US economy. But if China dumps their bonds and the Fed has to buy them then it is like a torpedo that bursts the hull of our economy and we begin to take on water. Our economy is big, like the Titanic was, so it could take hours, even days before you see the economy begin to go belly up.
What is happening right now with Russia and China is definitely an act of war.
Our foreign trade has become more and more where we import goods and services from abroad and export US dollars (they buy US bonds). Since this was balanced we didn't have to raise interest rates and the more money the Fed printed the more Americans spent and we had a great standard of living.
But now China, Russia, and soon a host of other countries will be dumping the US debt on the market. This means that either the Fed buys it up or else interest rates must rise to get other buyers to buy it. If the Fed buys it up which is what will happen all that money stays in the US and you will see inflation take off.
Think of it this way, if China sells US bonds and Japan buys them there is no negative impact to the US economy. But if China dumps their bonds and the Fed has to buy them then it is like a torpedo that bursts the hull of our economy and we begin to take on water. Our economy is big, like the Titanic was, so it could take hours, even days before you see the economy begin to go belly up.
What is happening right now with Russia and China is definitely an act of war.
I saw an interesting analysis of the sign we saw on the Feast of Trumpets in 2014. We had the two cows with the sevens on them signifying seven years of plenty and seven years of famine. They looked at Jasher and in that book The seven years of plenty did not begin when Joseph interpreted the dream, instead he went throughout the land and they made a good point that if a year of famine were to begin in an agricultural economy you would think it would begin in the Spring.
Anyway the point is that either this 7 years of Famine would have begun either in October of 2022, or will begin March 31 of 2023.
The layoffs have already begun as well. https://rumble.com/v27lbze-radioactive-tsunami-and-planned-layoffs-01312023.html
The US is not like Argentina, Mozambique or some of these other failed economies.
We have learned that the rest of the world has become a net seller of US debt over the last year and pretty much for every month of the year.
There are only three ways to respond to that without defaulting on the debt.
1. Stop borrowing money (stop issuing debt). Impossible. No one is even contemplating this so I'll skip it.
2. Raise interest rates. If you raise the interest rate you are paying on the debt then it will become more attractive and you may be able to sell it. The problem of course is if you raise interest rates then the amount you must pay on the debt increases and your credit goes down which means you must raise interest rates even more. This is true of all countries. However, this is where the US is different from all other countries. Every other country that has their currency pegged to the dollar will also have to raise their interest rates. Why would I buy Japanese bonds that are essentially paying me in dollars if they are paying a lower interest rate than the US? So then the pain the US will feel will be felt all over the world. Already there are first world nations where they are anticipating people freezing to death and starving to death. This will force the whole world into a recession and depression. Remember the problem is these countries are not buying our debt, if you force them into recession and depression they will have to sell what little debt they own to feed themselves. That will make the situation worse.
3. Print more money. Again, only the US has this option. When the US prints more money it causes the value of the dollars already printed to lose value. When currency is tied to GDP it has value, it represents something. But when currency is just printed in the basement it is worthless like monopoly money. This is like adding water to wine to dilute it. If other countries do this it will directly impact their citizens and creditors, but that is it. However, if the US does this it impacts the entire world. If you are paying me 5% interest but the dollar is losing 10% in value I am losing money holding onto your debt. Why would I want to buy an investment that is sinking in value? Remember the problem is that no one will buy our debt, if you print money to pay the debt then you will increase the number of people who will not want to buy our debt. This makes the situation worse, not better.
We have learned that the rest of the world has become a net seller of US debt over the last year and pretty much for every month of the year.
There are only three ways to respond to that without defaulting on the debt.
1. Stop borrowing money (stop issuing debt). Impossible. No one is even contemplating this so I'll skip it.
2. Raise interest rates. If you raise the interest rate you are paying on the debt then it will become more attractive and you may be able to sell it. The problem of course is if you raise interest rates then the amount you must pay on the debt increases and your credit goes down which means you must raise interest rates even more. This is true of all countries. However, this is where the US is different from all other countries. Every other country that has their currency pegged to the dollar will also have to raise their interest rates. Why would I buy Japanese bonds that are essentially paying me in dollars if they are paying a lower interest rate than the US? So then the pain the US will feel will be felt all over the world. Already there are first world nations where they are anticipating people freezing to death and starving to death. This will force the whole world into a recession and depression. Remember the problem is these countries are not buying our debt, if you force them into recession and depression they will have to sell what little debt they own to feed themselves. That will make the situation worse.
3. Print more money. Again, only the US has this option. When the US prints more money it causes the value of the dollars already printed to lose value. When currency is tied to GDP it has value, it represents something. But when currency is just printed in the basement it is worthless like monopoly money. This is like adding water to wine to dilute it. If other countries do this it will directly impact their citizens and creditors, but that is it. However, if the US does this it impacts the entire world. If you are paying me 5% interest but the dollar is losing 10% in value I am losing money holding onto your debt. Why would I want to buy an investment that is sinking in value? Remember the problem is that no one will buy our debt, if you print money to pay the debt then you will increase the number of people who will not want to buy our debt. This makes the situation worse, not better.
To Summarize: This time its totally different
When Argentina or some other economy went bust you could stand off to the side and say "serves them right, they should have been more responsible". This time it is completely different, when the US goes bust everyone will be impacted, it will be apocalyptic.
When Argentina or some other economy went bust you could stand off to the side and say "serves them right, they should have been more responsible". This time it is completely different, when the US goes bust everyone will be impacted, it will be apocalyptic.
The day of the Lord comes as a thief in the night
There is another aspect to this verse that is just now sinking in to some, it is what the Lord said about "if you knew when the thief was coming you would have prevented him". The easiest time to deal with a thief that comes in the night is beforehand, to keep him from breaking in.
Consider this catastrophe in Kabul and the damage done to the US prestige and credibility. The easiest way to have dealt with this would have been to prevent the 2020 election from being stolen. Joe Biden made a quid pro quo with the Chinese, they help him win the election he would give them Afghanistan.
Consider the US debt of $31 trillion. If you are poor you must borrow money, you will have trouble paying it back and you can build up a huge debt like this. But for the last 70+ years the US has been one of the richest countries in the world. This is incredible mismanagement. Consider the British monarchy, they are now one of the absolute richest families on Earth. They suffered far more than the US did during the war and the UK has fallen far from the glory years during these last 70 years. That is how the rich handle their wealth. The fact that the US has become one of the biggest debtors in the last 70+ years is proof that we are infested with thieves who came in the night and robbed us.
Consider the Southern border. One way to protect your house from being broken into is to have an exterior wall that prevents the thief from even entering your grounds. We have had the equivalent of a D day invasion each month. The thieves are pouring into the country and the media keeps the rest of the country in the dark about what is going on.
Consider the classified documents that Biden is holding, perhaps for a decade or more. That information was stolen and passed to our enemies so they could "case the joint". Biden has been one of these "inside men" for the last few decades.
Now this is the big one. What is Social Security? It is supposed to be a savings account for retirement. If you have $500k in your retirement account it may seem like a lot but certainly not enough to retire on. Even if you could live on 50k a year you would be out of money in ten years. Suppose you retired in 2020? You might have had 1 million in your retirement account and then lost 30%! In a year you lost 300k and that wasn't even what you spent to live on. My point is we should have $1 Trillion in the bank. I have heard that our future obligations for Social Security and Medicare is $30 Trillion. So even if the US was a net creditor to the tune of $30 trillion that would only be seen as where it should be. So our real debt is not $31 trillion, it is probably closer to $60 trillion. What did they spend the money on? Whatever it is we have not seen it, they must be hiding it under ground.
Look at the situation in the US and you realize the Day of the Lord comes as a thief in the night.
There is another aspect to this verse that is just now sinking in to some, it is what the Lord said about "if you knew when the thief was coming you would have prevented him". The easiest time to deal with a thief that comes in the night is beforehand, to keep him from breaking in.
Consider this catastrophe in Kabul and the damage done to the US prestige and credibility. The easiest way to have dealt with this would have been to prevent the 2020 election from being stolen. Joe Biden made a quid pro quo with the Chinese, they help him win the election he would give them Afghanistan.
Consider the US debt of $31 trillion. If you are poor you must borrow money, you will have trouble paying it back and you can build up a huge debt like this. But for the last 70+ years the US has been one of the richest countries in the world. This is incredible mismanagement. Consider the British monarchy, they are now one of the absolute richest families on Earth. They suffered far more than the US did during the war and the UK has fallen far from the glory years during these last 70 years. That is how the rich handle their wealth. The fact that the US has become one of the biggest debtors in the last 70+ years is proof that we are infested with thieves who came in the night and robbed us.
Consider the Southern border. One way to protect your house from being broken into is to have an exterior wall that prevents the thief from even entering your grounds. We have had the equivalent of a D day invasion each month. The thieves are pouring into the country and the media keeps the rest of the country in the dark about what is going on.
Consider the classified documents that Biden is holding, perhaps for a decade or more. That information was stolen and passed to our enemies so they could "case the joint". Biden has been one of these "inside men" for the last few decades.
Now this is the big one. What is Social Security? It is supposed to be a savings account for retirement. If you have $500k in your retirement account it may seem like a lot but certainly not enough to retire on. Even if you could live on 50k a year you would be out of money in ten years. Suppose you retired in 2020? You might have had 1 million in your retirement account and then lost 30%! In a year you lost 300k and that wasn't even what you spent to live on. My point is we should have $1 Trillion in the bank. I have heard that our future obligations for Social Security and Medicare is $30 Trillion. So even if the US was a net creditor to the tune of $30 trillion that would only be seen as where it should be. So our real debt is not $31 trillion, it is probably closer to $60 trillion. What did they spend the money on? Whatever it is we have not seen it, they must be hiding it under ground.
Look at the situation in the US and you realize the Day of the Lord comes as a thief in the night.
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That is the optimistic view, I will give the pessimistic view -- millions and millions will die, as a result it will be pointless to buy a house when you can simply squat, also banks will go bankrupt as a result. So house values and prices will be theoretical, if you can't sell it who cares what you think it should sell for.