The Great Collapse Has Officially Begun

Prophecy Sign: The
collapse, (restructuring), of the Global economy

Signs still point
to a very fragile global economy that is perhaps one major event away from a
full blown crisis. The article included with this blog entry suggests that the
great collapse has officially begun and paints a pretty grim picture of coming
events, not only in America, but throughout the world if such a
collapse were to occur.

We keep warning
that the present financial and economic systems of the world must be collapsed
for a brand new system to be implemented. This system will be partitioned into a group of 10 economic regions, led by a global leader, (the Antichrist). We
are now seeing the repaid demise of our present economic system, whether by
design or not. It simply can't sustain itself much longer, (just read the
article on the American Social Security system).

The merchants of the earth will weep and mourn over her
because no one buys their cargoes anymore— cargoes of gold, silver, precious
stones and pearls; fine linen, purple, silk and scarlet cloth; every sort of
citron wood, and articles of every kind made of ivory, costly wood, bronze,
iron and marble;  cargoes of cinnamon and
spice, of incense, myrrh and frankincense, of wine and olive oil, of fine flour
and wheat; cattle and sheep; horses and carriages; and human beings sold as
slaves. “They will say, ‘The fruit you longed for is gone from you. All your
luxury and splendor have vanished, never to be recovered.’  Revelation 18:11-14 NIV

From the article:

In simple terms, we’ve now entered the Real Crisis, the END GAME, for our current monetary system. Before the dust settles on this mess, the US and its political, economic, monetary structure will look very, very different. However, before we get there, we will see riots, civil unrest, possibly martial law, for certain a Government shutdown, bank holidays, a debt default/ restructuring, the re-instatement of the Gold standard or something like it (possibly a basket of commodities), food shortages, and more.  

We will also see trade wars, possibly another World War, a temporary backlash against globalization, a de-consolidation or fragmentation of corporate America, and other items. In plain terms, we’re entering a period in history that will rival the Revolutionary war. This country will be very very different by the time it has ended. Many people will lose everything in this mess. Yes, everything. So if you have yet to take steps to prepare for this, you need to get moving now!

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Italy’s austerity drive, enacted in exchange for European Central Bank bond purchases driving down borrowing costs, may backfire as it chokes the economic growth needed to ease Europe’s second-biggest debt burden. “There are clear downside risks to growth emanating from such a sharp fiscal tightening profile, which could tip Italy’s fragile economy into a recession,” said Vladimir Pillonca, an economist at Societe Generale SA in London.

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New congressional estimates say the trust fund that supports Social Security disability will run out of money by 2017, leaving the program unable to pay full benefits, unless Congress acts. About two decades later, Social Security's much larger retirement fund is projected to run dry, too, leaving it unable to pay full benefits as well.

The Great Collapse Has Officially Begun

http://www.zerohedge.com/contributed/great-collapse-has-officially-begun

Italy’s Debt Burden May Balloon as Austerity Smothers Growth: Euro Credit

http://www.bloomberg.com/news/2011-08-21/italy-s-debt-burden-may-balloon-as-austerity-smothers-growth-euro-credit.html

Social Security disability on verge of insolvency

http://news.yahoo.com/social-security-disability-verge-insolvency-090119318.html