Prophecy Sign: The collapse of the global economy
If you haven't already watched the 4 part video series on the 2008 economic meltdown, you should, and here is the link to the videos:
http://signpostsofthetimes.blogspot.com/2011/10/meltdown-men-who-crashed-world.html
Greed and corruption resulted in the 2008 market meltdown, and so it will happen again, (Revelation 18). As this article indicates, Wall Street, (and the other markets of the world), are like one gigantic financial casino. And like every other casino in the world, the house will always win in the end. The house in this case are those elites that are looking to take down our current financial world order in order to implement a brand new system. The system which will exist under the Antichrist. Greece, (see video below), is but the canary in the gold mine.
If you haven't already watched the 4 part video series on the 2008 economic meltdown, you should, and here is the link to the videos:
http://signpostsofthetimes.blogspot.com/2011/10/meltdown-men-who-crashed-world.html
Greed and corruption resulted in the 2008 market meltdown, and so it will happen again, (Revelation 18). As this article indicates, Wall Street, (and the other markets of the world), are like one gigantic financial casino. And like every other casino in the world, the house will always win in the end. The house in this case are those elites that are looking to take down our current financial world order in order to implement a brand new system. The system which will exist under the Antichrist. Greece, (see video below), is but the canary in the gold mine.
From the article:
Most people have no idea that Wall Street has become a gigantic financial casino. The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end. The word "derivatives" sounds complicated and technical, but understanding them is really not that hard. A derivative is essentially a fancy way of saying that a bet has been made.
Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before. Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion. Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion.
The danger to the global financial system posed by derivatives is so great that Warren Buffet once called them "financial weapons of mass destruction". For now, the financial powers that be are trying to keep the casino rolling, but it is inevitable that at some point this entire mess is going to come crashing down. When it does, we are going to be facing a derivatives crisis that really could destroy the entire global financial system.
The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System
Post a Comment