The world is getting closer every day to the economic collapse that the bible warns we will see in the last days. Leading to the new economic world order of the coming Antichrist.
Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. James 5:1-3 NIV
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A string of European bank collapses is dead ahead. And like the Arab Spring, they will trigger an economic disaster for American banks. Yes, coming soon says Martin Weiss in his “7 Major Advance Warnings,” which is “bound to have a life-changing impact on nearly all investors in the U.S. and around the globe.” His new Weiss Ratings warnings are the “most important” in a 40-year career. The stress on Wall Street banks will force them back to Congress for more bailouts.
So listen closely to his “7 Major Advance Warnings,” which are “the most important in the 40-year history of my company.” Many will dismiss them, distracted by today’s campaign noise. Others will dismiss them as “over there,” problems for Europeans. Weiss warns: EU banks problems are “bound to have a life-changing impact on nearly all investors in the U.S. and around the globe.”
1. Greece will default very soon
2. The contagion of fear will spread
3. European megabanks will collapse
4. EU governments suffer new credit rating downgrades
5. Spain and Italy next to face default on their massive debts
6. Global debt markets will suffer a critical meltdown
7. Vicious cycle: sovereign defaults, bank failures, global depression
Geithner Plan for Europe is last chance to avoid global catastrophe
EU bank failures will crash Wall Street — again
http://www.marketwatch.com/story/eu-bank-failures-will-crash-wall-street-again-2011-10-18?pagenumber=1
More downgrades, mass strike as EU counts days to summit
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