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Sunday, March 6, 2016

GLOBAL FINANCIAL CRISIS: 3.5.16 - The Crisis Awaits


The Crisis Awaits - Terry James - http://www.raptureready.com/rap16.html
 
President Obama recently made the statement, in effect, that anyone who tells us the economic situation in the United States is not getting better is "peddling fiction." This he said despite the fact that the debt clock is ticking at a rate that will soon have Americans and generations to come owing beyond $20 trillion. Extrapolated out over an extended number of years, some economists are saying unfunded liabilities of this nation amount to in excess of $200 trillion.
 
Like it or not, believe it or not, you and I are being swept along by the tide of human history toward something profoundly ominous. Hourly news accounts, no matter how much they've been doctored to try to present a recovering national and global economic picture, engender fearful concerns about things to come. It is almost impossible to grasp the causes and effects of the evil shaping and moving America and the world toward a destiny the supposed best minds on the planet can't determine. However, that inability to define the problems, much less find solutions, doesn't stop them from making seemingly wild stabs at trying to channel all of us into a drastically changed economic national and world order.
 
But, are their attempts really wild stabs, or is there method to their madness? History is replete with attempts to reshape national and even global economic realities. Money equals power and power exerts control upon this fallen planet. Power is the ultimate endgame of all who seek it for themselves. Henry Kissinger put it this way: "Power is the ultimate aphrodisiac."
 
The declaration can be understood in recalling the most ancient of accounts of an infamous personality seeking the greatest of all power:
 
For thou hast said in thine heart, I will ascend into heaven, I will exalt my throne above the stars of God: I will sit also upon the mount of the congregation, in the sides of the north: I will ascend above the heights of the clouds; I will be like the most High. (Isaiah 14:13-14)
 
Humankind's determination to do the same-acquire the power to which the angel named Lucifer aspired-hasn't changed since the serpent first told Eve that she and Adam would be like God if they ate from the fruit of the forbidden tree (see Genesis 3:5). Tracing the serpent's trail of power madness to a later time recorded in the Bible (Genesis chapter 11), Nimrod was the would-be one-world- order builder of his day, following the Great Flood of Noah's time. He, like every megalomaniac since, lusted for God-like power.
 
Man's lust for power continues to grow; he has not learned the lessons of the past because, as a whole, he regards the Word of God as irrelevant to the governance of the earth. One philosopher of renown, George Santayana, put it this way: "He who does not remember history is condemned to repeat it."
 
The corruption that God saw and condemned in antediluvian times, which caused Him to destroy all upon the earth except eight people, has again reached a dangerous level. Dictators prove the truth of another bit of philosophical wisdom, this by Lord Edward Acton: "All power tends to corrupt, and absolute power corrupts absolutely."
 
In my estimation we see this level of power being sought in the words and actions of the current presidential administration. Circumventing the U.S. Constitution at every opportunity because this president has "a phone and a pen" poses a danger to this republic. To at the same time have another branch of government that is supposed to act as a check and balance to an out-of-control executive, yet does nothing to present opposition, creates real and present danger to this nation.
 
While mainstream media types of network and cable seemingly sway acceptingly in the mesmerizing economic flute notes of the charmer -- the real peddler of fiction -- the immediate future looks ominously bleak, according to true financial experts who are without the benefit of the mainstream's ubiquitous microphones and cameras to get out their warning. The nation and the world are about to experience economic collapse the likes of which has never occurred, is their message.
 
These are most all in agreement. There will come a trigger point, or a tipping point. This will be one moment in time, and it will prick the immense financial bubble that the money powers that be have manipulated to this point of crisis we face.
 
My own belief continues to be that it is God's great hand of control rather than the would-be economic masters that has prevented the bubble from bursting. The crisis awaits the moment in time when the Lord, Himself, will burst the bubble. If one studies carefully the news of late, it becomes clear that the term "cashless system" is coming more and more into vogue. The economic gurus at the highest levels -- in human terms and in supernatural, satanic terms -- seem to be preparing a system of Electronic Funds Transfer (EFT). They want to do away with physical currency and go to the cashless, computer system so they can carry out their sleight-of-hand, monetary machinations electronically.
 
The marks-and-numbers system of economics of Revelation 13:16-18 is more than just on the drawing board. We are seeing it come to pass in our daily news. All that is required for its implementation is the crisis that will bring it forward. I am convinced that crisis will be created by the Rapture of all who name the name of Christ.
 
Economic Recovery? 13 Of The Biggest Retailers in America Are Closing Down Stores - By Michael Snyder -
http://theeconomiccollapseblog.com/archives/economic-recovery-13-of-the-biggest-retailers-in-america-are-closing-down-stores
 
Barack Obama recently stated that anyone that is claiming that America's economy is in decline is "peddling fiction".  Well, if the economy is in such great shape, why are major retailers shutting down hundreds of stores all over the country?  Last month, I wrote about the "retail apocalypse" that is sweeping the nation, but since then it has gotten even worse.  Closing stores has become the "hot new trend" in the retail world, and "space available" signs are going up in mall windows all over the United States.  Barack Obama can continue huffing and puffing about how well the middle class is doing all he wants, but the truth is that the cold, hard numbers that retailers are reporting tell an entirely different story.
 
Earlier today, Sears Chairman Eddie Lampert released a letter to shareholders that was filled with all kinds of bad news.  In this letter, he blamed the horrible results that Sears has been experiencing lately on "tectonic shifts" in consumer spending...
 
In a letter to shareholders on Thursday, Lampert said the impact of "tectonic shifts" in consumer spending has spread more broadly in the last year to retailers "that had previously proven to be relatively immune to such shifts."
 
"Walmart, Nordstrom, Macy's, Staples, Whole Foods and many others have felt the impact of disruptive changes from online competition and new business models," Lampert wrote.
 
And it is very true - Sears is doing horribly, but they are far from alone.  The following are 13 major retailers that are closing down stores...
 
#1 Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more "unprofitable stores" by the end of this year.
 
#2 It is being reported that Sports Authority will file for bankruptcy in March.  Some news reports have indicated that around 200 stores may close, but at this point it is not known how many of their 450 stores will be able to stay open.
 
#3 For decades, Kohl's has been growing aggressively, but now it plans to shutter 18 stores in 2016.
 
#4 Target has just finished closing 13 stores in the United States.
 
#5 Best Buy closed 30 stores last year, and it says that more store closings are likely in the months to come.
 
#6 Office Depot plans to close a total of 400 stores by the end of 2016.
 
The next seven examples come from one of my previous articles...
 
#7 Wal-Mart is closing 269 stores, including 154 inside the United States.
 
#8 K-Mart is closing down more than two dozen stores over the next several months.
 
#9 J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.
 
#10 Macy's has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.
 
#11 The Gap is in the process of closing 175 stores in North America.
 
#12 Aeropostale is in the process of closing 84 stores all across America.
 
#13 Finish Line has announced that 150 stores will be shutting down over the next few years.
 
These store closings can be particularly cruel for small towns.  Just consider the impact that Wal-Mart has had on the little town of Oriental, North Carolina...
 
The Town'n Country grocery in Oriental, North Carolina, a local fixture for 44 years, closed its doors in October after a Wal-Mart store opened for business. Now, three months later - and less than two years after Wal-Mart arrived - the retail giant is pulling up stakes, leaving the community with no grocery store and no pharmacy.
 
Though mom-and-pop stores have steadily disappeared across the American landscape over the past three decades as the mega chain methodically expanded, there was at least always a Wal-Mart left behind to replace them. Now the Wal-Marts are disappearing, too.
 
Of course there are many factors involved in this ongoing retail apocalypse.  Competition from online retailers is becoming more intense, and consumer spending patterns are rapidly changing.
 
But in the end, the truth is that you can't get blood out of a rock.  The middle class in America is shrinking, and there just isn't as much discretionary spending going on as there used to be.
 
And now that we have entered a new economic downturn, many retailers are finding that there are some local communities that can no longer support their stores.  The following comes from CNBC...
 
Though the shift to online shopping is no doubt playing a role in lighter foot traffic at malls, there's more to their changing economics than the rise of Amazon. Changing demographics in a town are another reason a shopping center could struggle or fail - for example, if massive layoffs in a particular industry cause people to move away to find employment.
 
"A lot of people want to try and tie it to the Internet or 'that's not cool,' or teens don't like it," Jesse Tron, a spokesman for industry trade group International Council of Shopping Centers, told CNBC last year. "It's hard to support large-format retail in those suburban areas when people are trying to just pay their mortgage."
 
In order to have a thriving middle class, we need good paying middle class jobs.  Unfortunately, our economy has been bleeding those kinds of jobs quite rapidly.  For example, Halliburton just announced that it is eliminating 5,000 more jobs after getting rid of 4,000 workers at the end of last year.
 
During the Obama years, good paying middle class jobs have been getting replaced by low paying service jobs.  At this point, 51 percent of all American workers make less than $30,000 a year.
 
And there is no way that you can support a middle class family with children on $30,000 a year.
 
We have an economy that is in the process of failing.  We can see it in the explosion of subprime auto loans that are going bad, we can see it in the hundreds of retail stores that are shutting down, and we can see it in the tens of thousands of good paying energy jobs that are being lost.
 
During the Obama years, interest rates have been pushed to the floor, the Federal Reserve has created trillions of dollars out of thin air, and the size of our national debt is getting close to doubling.  Despite all of those desperate measures, our economy continues to crumble.
 
We stole from the future to try to paper over our failures and it didn't work.  Now an economic downturn that will ultimately turn out to be even worse than the "Great Recession" of 2008 and 2009 has begun, and our leaders have absolutely no idea how to fix things.
 
 
 
BE SURE TO CHECK OUT MY ALL NEW PROPHECY AND CREATION DESIGN WEBSITES. THERE IS A LOT TO SEE AND DO..........
 

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