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Falling profits

IMPENDING ECONOMIC CRISIS

Excerpts taken from Money Morning

After 9/11, the CIA launched “Project Prophecy” to detect threats to the US from terrorists and weaknesses and threats to the economy.

On August 7, 2006, the Prophecy system uncovered warning signs of an impending terrorist attack in London. A plot to blow up passenger jets in London was thwarted shortly thereafter and 24 Pakistanis were arrested.

In 2007, “Prophecy” spotted a fast-approaching crash of the mortgage industry. Shortly thereafter, the mortgage industry crashed resulting in record foreclosures and homelessness since the Great Depression.

The architect of the CIA’s Project Prophecy has now come forward to warn the public that America is about to suffer a $100 trillion economic collapse.

The following are some highlights from Steve Meyers’s interview with Jim Rickards, Financial Threat and Asymmetric Warfare Advisor to the Pentagon and CIA, on Money Morning (August 2014):

All 16 branches of our intelligence agencies have issued warnings about the failing economy and impending collapse. These agencies include the CIA, FBI, Army and Navy. They are estimating the impact of the fall of the dollar as the global reserve currency and they surmise that the world could fall into global anarchy over a worldwide economic collapse.

Jim Rickards reported we have over $127 trillion unsecured liabilities, such as Medicare, Social Security, student loans, Fannie Mae, Freddie Mac, FHA, etc.

The economic growth to debt ratio threat in the United States right now is so perilous, it warns of a “system about to collapse,” Rickards said. Our GDP growth is literally flatlining at $0.03, and is soon to go into the negative! That is how critical our situation is, but in the meantime, the Fed is feigning that all is well.

Rickards also said that the unemployment rate in the US is at 23%, when it is calculated in the right way. He said that the Federal Reserve Bank and the US Treasury are the greatest threats to our national security, not Al-Qaeda, not any other threat out there. He told their representatives, “You people are destroying the dollar and it’s just a matter of time before it collapses.”

Rickards testified before the US Senate and warned them about this impending disaster. He spoke of the “Misery Index,” which involves taking the unemployment rate and the rate of inflation to gauge the state of our economy and adding them together. The picture is catastrophic.

The Misery Index during the Great Depression was at a level 27, but today it is at 32.89 (the higher the index, the greater the “misery”). Banks are failing, people are still losing their homes, the true unemployment rate continues to rise and 50 million US citizens are on food stamps!

 

Barack Hussein Obama is rubbing his Socialist-Marxist anti-capitalist hands together, with a big smile.

Quite frankly, rogue Socialist, Marxist, Communist, Fascist thugs like Obama, Hitler, Stalin, Mussolini, Zedong, and the like, have mercilessly caused the horrific deaths of multitudes throughout the world.

That is where we are headed once again, unless God intervenes. The Word of God tells us this will continue to happen, until the Lord returns to set up His righteous kingdom.

Rickards reported the Fed is insolvent. It does have $56.2 billion in capital reserves, but its debt is $4.3 trillion!

Senator Rand Paul spoke before Congress, quoting Rickards, “Jim Rickards, author of Currency Wars, notes that the Fed is insolvent on a mark-to-market basis.”

Worse yet, the banking system has over $60 trillion in debt. In recent years, I have documented over 20 banker suicides and suspicious deaths. Many of them had information that apparently their minds couldn’t handle. Those in the know, who have not committed suicide, are warning people of what is coming.

The Word of God not only tells us that silver and gold will be obsolete (Ezekiel 7:19), it tells us exactly how the antichrist will implement a global cashless monetary system.

“He causes all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads; that no man might buy or sell, except he who has the mark, the name of the beast (antichrist), or the number of his name. Here is wisdom. Let him who has understanding count the number of the beast, for it is the number of a man (gematria), and his number is six hundred, sixty-six” Revelation 13:16-18.

The Bible also tells us that one-fourth of the world’s population will die (Revelation 6:8) during the great tribulation ahead. Take heed…

“They shall cast their silver in the streets, and their gold shall be removed. Their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord. They shall not satisfy their souls, neither fill their bowels, because it (wealth and gain) is the stumblingblock of their iniquity” Ezekiel 7:19.

Ezekiel prophesied that silver and gold will be worthless, and the gold would be “removed.” We saw this happen during the Great Depression, and it will happen again, because that is the antichrist’s mode of operation – we have experienced a prelude.

The “Misery Index” shows that the United States is in worse shape than during the Great Depression. Propagandized media is not showing the growing tent cities, or publicizing much about the growing number of people on welfare, nor does Obama’s media go into those areas suffering the worst poverty in America.

In the meantime, the Federal Reserve is downplaying the real state of economy, as it feigns normalcy.

“When they say, Peace and safety, then sudden destruction will come upon them, as travail upon a woman with child, and they shall not escape” 1 Thessalonians 5:3.

“I looked and beheld a pale horse and his name that sat upon him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth to kill with the sword, with hunger, with death and with the beasts of the earth” Revelation 6:8.

We are headed quickly toward the great tribulation and there is only a certain timeframe left to get right with God. If you don’t understand these things fully, or how the Bible tells us what will happen in the last days, you should get a Bible, if you don’t have one, and read it and pray for understanding. It is the most critical book to read in the world, yet many still haven’t read it. The Bible is free online at Biblegateway.com.

This is not a message to cause fear; it is a message calling people to prepare, to get out of debt, if possible, and not to get into debt, if there is any way possible to avoid it. Storing food, water and basic life-sustaining supplies is wise.

The most important and critical thing to do is to surrender your life to God Almighty, obey His Word and fully trust in Him. There are promises in God’s Holy Word for those who serve Him and depend on Him.

Hundreds of Bible prophecies have already been fulfilled and those remaining will surely come to pass. Are you prepared to stand before God and give an account of the life you have lived on this earth? If not, salvation is only a prayer away. Please visit the How Can I Be Saved page – your eternal destiny depends on it. God bless you.

* For more information about the impending global economic collapse, please visit the Economic Crisis category of this site.

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