Prophecy Sign: The collapse, (restructuring), of the global economy. Replaced by the economic world order of the Antichrist
More evidence of the economic morass that
finds herself in. An actual debt load of over $200 Trillion when all
obligations are added in. That is an astounding and simply incomprehensible
number. A number simply impossible to ever pay down. Plus a 2,000 point drop in
the Dow Exchange leading some to say it is the "Market Crash of 2011"
This is all unsustainable, and will eventually crash or will require a major
restructuring. The result being a new economic world order which will be ushered in by the
Antichrist and the 10 Kingdoms given a brief time of economic power, (Daniel 7 and Revelation 17).
From the articles:
It's those medium- and long-term debt problems that also
worry economics professor Laurence J. Kotlikoff, who served as a senior
economist on President Reagan's Council of Economic Advisers. He says the
national debt, which the U.S. Treasury has accounted at about $14 trillion, is
just the tip of the iceberg. "We have all these unofficial debts that are
massive compared to the official debt," Kotlikoff tells David Greene,
guest host of weekends on All Things Considered. "We're focused just on
the official debt, so we're trying to balance the wrong books." Kotlikoff
explains that
"unofficial" payment obligations — like Social Security, Medicare and
Medicaid benefits — jack up the debt figure substantially. "If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That's the fiscal gap," he says.
"That's our true indebtedness."
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How far does the stock market have to go down before we
officially call it a crash? The Dow is now down more than 2,000 points in just
the last 14 trading days. So can we now call this "The Stock Market Crash
of 2011"? Today the Dow was down 519 points. Yesterday, an announcement by
the Federal Reserve indicating that the Fed would keep interest rates near zero
until mid-2013 helped the Dow surge more than 400 points, but all of those
gains were wiped out today. It turns out that the Federal Reserve was only able
to stabilize the financial markets for a single day. Fears about the European
sovereign debt crisis and the crumbling
economy continue to dominate the marketplace. With each passing day, things are
looking more and more like 2008 all over again. So what is going to happen if
"The Stock Market Crash of 2011" pushes the
economy into "The Recession of 2012"?
A National Debt Of $14 Trillion? Try $211 Trillion
http://www.npr.org/2011/08/06/139027615/a-national-debt-of-14-trillion-try-211-trillion
The Stock Market Crash Of 2011?
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