21 New Numbers That Show That the Global Economy Is Absolutely Imploding - By Michael Snyder -
http://theeconomiccollapseblog.com/archives/21-new-numbers-that-show-that-the-global-economy-is-absolutely-imploding
After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over. On the contrary, all of the hard economic numbers that are coming in from around the world tell us that the global economy is coming apart at the seams. This is especially true when you look at global trade numbers. The amount of stuff that is being bought, sold and shipped around the planet is falling precipitously. So don't be fooled if stocks go up one day or down the next. The truth is that we are in the early chapters of a brand new economic meltdown, and I believe that all of the signs indicate that it will continue to get worse in the months ahead. The following are 21 new numbers that show that the global economy is absolutely imploding...
#1 Chinese exports fell by 11.2 percent year over year in January.
#2 Chinese imports were even worse in January. On a year over year basis, they declined a whopping 18.8 percent.
#3 It may be hard to believe, but Chinese imports have now plunged for 15 months in a row.
#4 In India, exports were down 13.6 percent on a year over year basis in January.
#5 In Japan, exports declined 8 percent in December on a year over year basis, while imports plummeted 18 percent.
#6 For the sixth time in six years, Japanese GDP growth has gone negative.
#7 In the United States, exports were down 7 percent on a year over year basis in December.
#8 U.S. factory orders have fallen for 14 months in a row.
#9 The Restaurant Performance Index in the United States has dropped to the lowest level that we have seen since 2008.
#10 This month the Baltic Dry Index fell below 300 for the first time ever.
#11 It is now cheaper to rent a 1,100 foot merchant vessel than it is to rent a Ferrari.
#12 Orders for Class 8 trucks in the United States dropped by 48 percent on a year over year basis in January.
#13 Due to a lack of demand for trucks, Daimler just laid off 1,250 U.S. workers.
#14 Even though Saudi Arabia and Russia have agreed to freeze oil production at current levels, the price of U.S. oil has still fallen below 30 dollars a barrel.
#15 It is being reported that 35 percent of all oil and gas companies around the world are at risk of falling into bankruptcy.
#16 According to CNN, 67 oil and gas companies in the United States filed for bankruptcy during 2015.
#17 The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas.
#18 All over America, retail stores are shutting down at a stunning pace. The following list of store closures comes from one of my previous articles...
-Wal-Mart is closing 269 stores, including 154 inside the United States.
-K-Mart is closing down more than two dozen stores over the next several months.
-J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.
-Macy's has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.
-The Gap is in the process of closing 175 stores in North America.
-Aeropostale is in the process of closing 84 stores all across America.
-Finish Line has announced that 150 stores will be shutting down over the next few years.
-Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.
#19 The price of gold is enjoying its best quarterly performance in 30 years.
#20 Global stocks have fallen into bear market territory, which means that about one-fifth of all global stock market wealth has already been wiped out.
#21 Unfortunately for global central banks, they have pretty much run out of ammunition. Since March 2008, central banks have cut interest rates 637 times and they have purchased a staggering 12.3 trillion dollars worth of assets. There is not much more that they can do, and now the next great crisis is upon us.
Without any outside influences, the global economy and the global financial system will continue to rapidly fall apart.
But if we do have a major "black swan event" take place, that could cause the bottom to fall out at any moment.
In particular, I am deeply concerned about the possibility that World War III could be sparked in the Middle East. In an article that I published earlier today entitled "Turkey Is Asking The United States To Take Part In A Ground Invasion Of Syria", I included a quote from Turkish Foreign Minister Mevlut Cavusoglu that reveals just how eager Turkey and Saudi Arabia are for war to begin...
"Some countries like us, Saudi Arabia and some other Western European countries have said that a ground operation is necessary," Turkish Foreign Minister Mevlut Cavusoglu told Reuters in an interview.
However, this kind of action could not be left to regional powers alone. "To expect this only from Saudi Arabia, Turkey and Qatar is neither right nor realistic. If such an operation is to take place, it has to be carried out jointly, like the (coalition) air strikes," he said.
The Turks and the Saudis very much want the United States to take a leading role in any ground invasion of Syria, but the Obama administration is not likely to do that.
So we shall see if the Turks and the Saudis are willing to go ahead without us. Let us hope that they do not decide to invade Syria, because that could start the biggest war in the Middle East that any of us have ever seen.
Unfortunately, Turkey is already attacking.
Turkey has been shelling Kurdish and Syrian military positions in northern Syria for four days in a row even though the Obama administration has been urging them to stop.
The first month and a half of 2016 has already been quite chaotic, and the stage is set for global events to greatly accelerate during the months ahead.
Sadly, the mainstream media in the United States is largely ignoring the preparations for a ground invasion of Syria, and they keep telling us that the global economy is going to be just fine, so most ordinary Americans are going to be absolutely blindsided by what is about to happen.
Going Cashless - Todd Strandberg - http://www.raptureready.com/rap16.html
There is a global movement to ban the usage of paper currency. The war on cash has been waged by the mainstream media, government leaders and banking institutions. We've all heard propaganda that says cash is dirtied by drug dealing, terrorism, money laundering, and tax evasion.
A few days ago, Norway's largest bank, DNB, jumped aboard the cashless society bandwagon by calling for a total end to cash. Norway has already been moved in that direction. Research polls show that only about 6 percent of Norwegians use cash on a daily basis. Several banks in Norway no longer offer cash in their branch offices.
DNB must be working for Big Brother because it cited the lack of government control as a key reason why we need to go cashless. According to the DNB bank's executive Trond Bentestuen:
"Today, there is approximately 50 billion kroner in circulation and [the country's central bank] Norges Bank can only account for 40 percent of its use. That means that 60 percent of money usage is outside of any control. We believe that is due to under-the-table money and laundering."
It wasn't long ago that the average man on the street would be upset by the news that the government had the power to track the financial transaction of all its citizens. Today, people are all too willing to give up their personal freedoms to please the government. After the Homeland Security Act allowed federal agents to snoop into our bank accounts, the stage was set for the monitoring of all financial transactions.
It is increasingly argued that high denomination notes make it easier for criminals to smuggle and hide large sums of cash. Rob Wainwright, director of Europol at a London on terrorism, said the 500-euro note, the $100 U.S. note, Switzerland's 1,000-franc note and Britain's 50-pound note should be eliminated to make it harder for evil doers to transfer funds.
I think the worry over large bills is a bunch of nonsense. There was a time when American banks had available $500, $1,000, $5,000, and $10,000 notes. When the $10,000 note circulated, it was worth twice the annual income of most Americans. There was no talk of it being too convenient for criminals. The concern over the higher denominations is so silly, it's clear that some other agenda is at work.
The greatest factor that is driving the world toward a cashless monetary system is the massive debt that nations have accumulated. Fiat money is based on the endless expansion of debt. Unfortunately, there is a point where the numbers become so large they can no longer be managed. Just printing currency becomes a major problem.
The printing of money becomes very difficult when the numbers reach into the billions and trillions. Venezuela's currency, the Bolivar, is rapidly dropping in value. To keep up with hyperinflation, President Nicol�s Maduro has ordered the printing of five billion bank notes. Because the money was printed outside the country, it had to be flown in on three-dozen 747 cargo planes.
The total currency (actual cash in the form of bills and coins) in the U.S. financial system is a little over $1.36 trillion. In order for the U.S. to print $1 trillion in $100 notes, it would take 100 semi-trailers to move this amount of currency.
The U.S. debt reached the point where it doubles with each presidency. When George W. Bush entered the White House in 2001, our debt stood at $5 trillion. When President Bush left office in January of 2009, it had increased to $10 trillion. By the time Barack Obama leaves office, the Federal debt will be at $20 trillion.
If we go from $20 to $40 trillion, there wouldn't be enough cotton in Georgia to produce the banknotes needed to manage the increase in the money supply. Since we don't want to tempt those drug dealers and terrorists by adding zeros to our bank notes; a cashless system seems to be inevitable in the future.
Anyone who is a student of Bible prophecy should recognize that the cashless system we are moving toward is the long predicted mark of the beast. The Antichrist 666 identification is a fearful thing because all who freely take the mark will be condemned to hell, and all who reject it will be locked out of the banking system. It is my hope that the readers of this article have their trust in Jesus and are ready to escape this corrupt financial system.
"And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name" (Rev.13:16-17).
BE SURE TO CHECK OUT MY ALL NEW PROPHECY AND CREATION DESIGN WEBSITES. THERE IS A LOT TO SEE AND DO..........
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.