Prophecy Sign: The collapse of the global economy.
We keep warning of the fragility of the current world economy, and how it is so very near to an outright collapse, that will put any other economic crisis of the past, to shame. Such a collapse, (or major restructuring), has to happen in order for the establishment of the new world order economic system of the Antichrist.
From the article:
Most of the worst financial panics in history have happened in the fall. Just recall what happened in 1929, 1987 and 2008. Well, September 2011 is about to begin and there are all kinds of signs that the financial world is about to hit the big red panic button. Wave after wave of bad economic news has come out of the
Well, over the last couple of decades a gigantic debt bubble has fueled a tremendous amount of "fake prosperity" in the western world. But for a debt bubble to keep going, the total amount of debt has to keep expanding at an ever increasing pace. Unfortunately for the global economy, sources of credit are starting to dry up. That is why you hear terms like "credit crisis" and "credit crunch" thrown around so much these days. Without enough credit to feed the monster, the debt bubble is going to burst. At this point, virtually the entire global economy runs on credit, so when this debt bubble bursts things could get really, really messy.
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Global recession in 2012 is "65 to 75 percent certain" and could deteriorate into a lengthy depression, Roger Nightingale, economist and strategist at RDN Associates, told CNBC. The peak rate of growth for the world's economy occurred more than 12 months ago and "it carries on going down," Nightingale said. "We are probably going into negative territory around spring of next year; it is not for certain, but that is the most likely scenario. I would say the recession is 65 percent, 75 percent certain.” The economist warned that should recession kick in, the global economy might be too weak to generate any GDP growth for years, or even decades.
25 Signs That The Financial World Is About To Hit The Big Red Panic Button
Global Recession Likely, Depression Possible: Economist
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