This whole scenario seems to a prophecy watcher - the ideal set-up for the rise of the antichrist. Someone will need to step forward on the world stage who appears to have the solutions to this problem, and so many other problems that will result from the 'gathering up' of the church. Actually, the worldwide economic crisis will be just one of many that will hit the earth at the same time (Middle East, rapture of the church, warfare, EU crisis, etc.). In the midst of such crises, a powerful charismatic world leader will be embraced by those struggling to survive.
So what are we facing?
Former co-manager of the GLG Global Macro Fund Raoul Pal has joined the growing chorus of economists who believe the global economy is headed in the absolute wrong direction.
What does the Goldman Sachs alumnus see on the horizon?
Mr. Pal, who writes for The Global Macro Investor, a research publication intended only for larger institutions, hedge funds, and family offices, believes that a global banking collapse and massive defaults will bring about “the biggest economic shock the world has ever seen” — and there’s nothing we can do to stop it.
Well, that’s pretty dire. Does he have anything to back up his claims?
We’re glad you asked. Without further explanation, here is “The End Game,” Pal’s impressively comprehensive (and grim) presentation on the current state of the global economy:
There is a slide show in this link and it is well worth watching. The conclusions:
We have around 6 months left of trading in Western markets to protect ourselves or make enough money to offset future losses. Spend your time looking at the risks custody, safekeeping, counterparty, etc. After that...we put on our tin helmets and hide until a new system emerges.All we can do is hope that I am wrong, but either way, a new system will emerge and it will open up a whole new set of opportunities...
Opportunities for whom? A new system? What will a "new system" consist of? Could it include the following?
"He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark..."
(Rev. 13:16)
Billionaire Donald Trump says the U.S. economy is poised for “massive inflation” and is warning investors to take steps now to protect themselves.
In the gripping CNBC interview, Trump also told investors they should not trust official government statistics.
He even questioned the “official unemployment” numbers. “It’s over 20 percent. It’s not 8.3 percent,” Trump said.Trump also thinks skyrocketing oil prices will cripple the U.S. economy. “Right now, [oil] is at an all-time record for this time of the year, in the summer they predict $5 gasoline, maybe $6.”
What would the weekend be without at least one rumor that Europe is on the verge of fixing everything, or failing that, planning for a master fix, OR failing that, planning for a master plan to fix everything.Sure enough, we just got the latter, which considering nobody really believes anything out of Europe anymore..."The chiefs of four European institutions are in the process of creating a master plan for the euro zone, the daily Die Welt reports Saturday, in an advance release of an article to be published Sunday. Suggestions targeting a fiscal, banking, and political union, as well as structural reforms, are being worked out by E.U. Council President Herman van Rompuy, E.U. Commission chief Jose Manuel Barroso, Eurogroup Chairman Jean-Claude Juncker and European Central Bank President Mario Draghi, according to the article. The plan is to be presented at a summit of European leaders at end of June, the article says."Citi suggestedtwo weeks ago and when the world is truly on the verge of the abyss), none other than George Soros has just started a 3-month countdown to European the European D(oom)-Day.
Speaking at an economic conference in Trento, Italy, Soros said that the euro crisis - which he defined as a sovereign debt crisis and a banking crisis closely interlinked - threatened to destroy the European Union and plunge it into a lost decade like Latin America in the 1980s.
There is most definitely a worldwide economic crisis coming and it will be of epic proportions.
Big Crisis always equals big changes. In this case, considering the timing, it is impossible not to speculate on the opportunity this will present for the coming antichrist.
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