The Greatest depression is coming, are you ready?
- Thread starter ZNP
- Start date
-
Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.
If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!
To make new Christian friends now around the world, click here to join Christian Chat.
Matthew 24:2 And Jesus said unto them, See ye not all these things? verily I say unto you, There shall not be left here one stone upon another, that shall not be thrown down.
Most people misread what Jesus says here, they think He said "every stone will be thrown down". He didn't say that. He said there will not be left "one stone upon another" that shall not be thrown down. We are all living stones, we should not be relying on our brother or sister to read the bible for us or to do the study for us or to tell us what the Bible says about eschatology. If you do that you are a stone that is "upon another" and you shall be "thrown down". Read the Bible and the prophecies for yourself. Yes, I listen to many others teach, and I consider what they say, I test it, I try it, but unless I see it for myself in the word of God it do not rely on it.
Most people misread what Jesus says here, they think He said "every stone will be thrown down". He didn't say that. He said there will not be left "one stone upon another" that shall not be thrown down. We are all living stones, we should not be relying on our brother or sister to read the bible for us or to do the study for us or to tell us what the Bible says about eschatology. If you do that you are a stone that is "upon another" and you shall be "thrown down". Read the Bible and the prophecies for yourself. Yes, I listen to many others teach, and I consider what they say, I test it, I try it, but unless I see it for myself in the word of God it do not rely on it.
For example, let's consider the vaccine. I decided to not get the vaccine and retire instead, and my wife also chose to resign her job rather than get the vaccine. But the truth was I had no proof at the time of making that decision that the vaccine was harmful. I had all my other shots as did my wife. I made this choice because I knew Fauci was lying and being deceitful and I knew the vaccine mandate by DeBlasio was not being done in a transparent way but rather done in a deceitful way as well.
So then, if I was wrong I would have retired sooner than I needed to and sold our house at an all time high in the market, but hey, maybe it would have gone higher. Yes, it was a hassle, but we all like where we moved to much better than we liked NYC and financially we are better off now than we were then. All in all we are very happy we moved. I am happy to have retired, my blog recently went over 500,000 people.
My feeling was in a few years I would know if the vaccine was harmful or not. There are 17 million people who have died that appear correlated to the vaccine and there are life insurance actuaries saying that the people dying and claiming life insurance in the US has increased exponentially since the vaccine, and the WHO is saying there are 800 million people in China missing. Although the doctors in China are prohibited from saying officially it is due to the vaccine that is what they are saying unofficially.
So compare the possible harm if I was wrong as being minimal to non existent, while the harm to ignoring my concerns as being maximum.
So then, if I was wrong I would have retired sooner than I needed to and sold our house at an all time high in the market, but hey, maybe it would have gone higher. Yes, it was a hassle, but we all like where we moved to much better than we liked NYC and financially we are better off now than we were then. All in all we are very happy we moved. I am happy to have retired, my blog recently went over 500,000 people.
My feeling was in a few years I would know if the vaccine was harmful or not. There are 17 million people who have died that appear correlated to the vaccine and there are life insurance actuaries saying that the people dying and claiming life insurance in the US has increased exponentially since the vaccine, and the WHO is saying there are 800 million people in China missing. Although the doctors in China are prohibited from saying officially it is due to the vaccine that is what they are saying unofficially.
So compare the possible harm if I was wrong as being minimal to non existent, while the harm to ignoring my concerns as being maximum.
Bond yields are up by at least 0.5%. That is a very big rise and will have an impact on our debt. Now the Fed is in a vice, the tariffs will cause inflation, that is pretty much indisputable. In order to fight inflation you raise interest rates, you don't drop them. Trump wants interest rates to drop in order to make it easier for the US government to make the interest payments on their debt. But no one wants to buy bonds at these rates if they anticipate high inflation. You want to get paid more than the inflation rate.
So they have two options, raise the interest rates when they sell the bonds or have the Fed print money which will cause inflation to get worse and thus bond yields to go even higher.
Jim Bianco joins CNBC to explain what’s going on in the Bond Market
So they have two options, raise the interest rates when they sell the bonds or have the Fed print money which will cause inflation to get worse and thus bond yields to go even higher.
Jim Bianco joins CNBC to explain what’s going on in the Bond Market
Actually you can't crow about the collapse after it takes place, it will be so catastrophic that people will utterly hate you. What happened last week was just a shot across the bow to let everyone see for themselves how fragile the US economy is. We are due for another drop and it is very possible that we either see the S&P set a new low below 5,000 or we get the total collapse. Either way, no crowing at that point.
We always look at the debt, but we should be looking at the credit bubble. Banks will loan people money based on what they think they will earn. For example, when you get a 30 year mortgage they assume you will be around for 30 years to pay that mortgage or at the very least that you will be able to then sell that house (and mortgage) to someone else.
Now suppose that 800 million people in China have really died. According to the WHO and other attempts at estimating the population of China it is now reduced from 1.2 billion to 400 million. If a person dies they are no longer able to pay off their mortgage, however, whoever gets the house will also get the mortgage that they must pay off. However, in a case where 800 million people go missing we also have millions of homes that are now vacant. No one is paying off that mortgage and no one needs to buy a new house when 2/3 of the homes are now vacant. In other words the total credit given in China to 1.2 billion people is now on the backs of 400 million. Most of whom will simply refuse to be responsible for it.
When a credit bubble bursts you are forced to sell assets at a discount. All these banks will be in a position of going bankrupt and will have to sell their assets at a discount. What are their assets? Probably mortgages. This could cause the property market in China to collapse.
Now this will certainly have a huge impact on the US. There is only one way in which the US can possibly hope to pay off its $36 trillion debt and remain solvent and that is if the global economy has a bull market. Without a bull market tax revenue will shrink and the ratio of debt to GDP will go above the critical level of 135%.
Now what Trump has done with his tariffs is to insure that there will be no global bull market. If his goal was to burst the credit bubble in China and eliminate China as a threat to world hegemony, then the tariffs make sense. But bankruptcies are like dominoes, when China is forced to sell US treasuries it will cause interest rates to rise and China going bankrupt will likely take other countries down with it, not least of those will be the US.
However, the global economic collapse cannot take place until the rapture because the Lord describes the situation as everyone is going about as though it is business as usual. And that gives you an idea of how close we are to the rapture.
Now suppose that 800 million people in China have really died. According to the WHO and other attempts at estimating the population of China it is now reduced from 1.2 billion to 400 million. If a person dies they are no longer able to pay off their mortgage, however, whoever gets the house will also get the mortgage that they must pay off. However, in a case where 800 million people go missing we also have millions of homes that are now vacant. No one is paying off that mortgage and no one needs to buy a new house when 2/3 of the homes are now vacant. In other words the total credit given in China to 1.2 billion people is now on the backs of 400 million. Most of whom will simply refuse to be responsible for it.
When a credit bubble bursts you are forced to sell assets at a discount. All these banks will be in a position of going bankrupt and will have to sell their assets at a discount. What are their assets? Probably mortgages. This could cause the property market in China to collapse.
Now this will certainly have a huge impact on the US. There is only one way in which the US can possibly hope to pay off its $36 trillion debt and remain solvent and that is if the global economy has a bull market. Without a bull market tax revenue will shrink and the ratio of debt to GDP will go above the critical level of 135%.
Now what Trump has done with his tariffs is to insure that there will be no global bull market. If his goal was to burst the credit bubble in China and eliminate China as a threat to world hegemony, then the tariffs make sense. But bankruptcies are like dominoes, when China is forced to sell US treasuries it will cause interest rates to rise and China going bankrupt will likely take other countries down with it, not least of those will be the US.
However, the global economic collapse cannot take place until the rapture because the Lord describes the situation as everyone is going about as though it is business as usual. And that gives you an idea of how close we are to the rapture.
Tariff War Crushes More Chinese Factories, Rapid Decline Spreads Across Cities, Millions Unemployed
There are a lot of stories on the tribulations the Chinese are going through, hard to know what is what. They give you eyewitness accounts but are unable to provide national statistical analysis since the CCP hides the data.
There are a lot of stories on the tribulations the Chinese are going through, hard to know what is what. They give you eyewitness accounts but are unable to provide national statistical analysis since the CCP hides the data.
Excellent explanation of what is causing the collapse we are witnessing and the underlying factor is energy. If you are familiar with peak oil then you know that the collapse takes place when oil production peaks. However, they were not factoring in oil from shale and from fracking. We have already hit peak oil for conventional production, but we were able to stave off the collapse for years because of oil shale and fracking. But the bottom line is that we are now again at "peak oil".
If China has really lost 800 million people then that will cut down on their consumption of energy and that will be how we continue to stave off collapse. The problem is AI. There is an arms race in AI and one way to improve the performance of your AI is with more powerful computers which in turn need more power.
If China has really lost 800 million people then that will cut down on their consumption of energy and that will be how we continue to stave off collapse. The problem is AI. There is an arms race in AI and one way to improve the performance of your AI is with more powerful computers which in turn need more power.
Does a really good job of explaining the history of the US fiat currency, China's economic strategy likened to a game of Go, and the rise of BRICS.
One really interesting point is to show how Biden's "Build back better" is the flip side of "Make America Great Again". They are both the same coin, being manipulated by the same forces pulling the strings.
He also shows how the US was able to pull a rabbit out of the hat when the US dollar became the petro dollar. However, now that we have come to peak oil that no longer works and we were unable to pull a rabbit out the second time which is why BRICS is rising.
He explains why fiat currencies always fail and one thing he skims over, but when this fiat currency collapses (it is a ponzi scheme) then the entire world's economy collapses. Britain was the last time we saw this happen but the US was a separate economy and so Britain's collapse was the US' rise to power.
One really interesting point is to show how Biden's "Build back better" is the flip side of "Make America Great Again". They are both the same coin, being manipulated by the same forces pulling the strings.
He also shows how the US was able to pull a rabbit out of the hat when the US dollar became the petro dollar. However, now that we have come to peak oil that no longer works and we were unable to pull a rabbit out the second time which is why BRICS is rising.
He explains why fiat currencies always fail and one thing he skims over, but when this fiat currency collapses (it is a ponzi scheme) then the entire world's economy collapses. Britain was the last time we saw this happen but the US was a separate economy and so Britain's collapse was the US' rise to power.
AIRBNB FIRESALE | Inventory Flooding Markets | Investors PANIC
People are foolish to think a billion dollar corporation exists to help you make money by renting your home. Think of the billion dollar corporation being the fox who is now guarding your henhouse.
There are more ways than one for them to make money off of your house. If they can force massive sell off in the market the cost of houses can crash and then people with money can buy up real estate at a fraction of the cost. Instead of them making a small fraction of your rental income for the next ten years they can get your house for ten cents on the dollar.