World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Category: Economic Collapse (page 1 of 52)

Ratings Agencies Cave: Venezuela Defaulted, Selectively

S&P Global Ratings downgraded Venezuela’s foreign currency sovereign credit rating late Monday beyond junk to “selective default” after it failed to make two payments within a grace period.

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“Tomorrow Will Be Ugly”: Venezuela To Restructure All Debt As Creditors Panic Over Imminent Default

WEB Notes: This is Venezuelan President Nicolas Maduro speaking. He understands who has their fingers on the controls and levels of this world.

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Venezuelans Eating Dogs, Zoo Animals as Economy Collapses

WEB Notes: We posted about this in the past and apparently it still continues.

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Jim Rogers Says The ‘Biggest Crisis In His Life’ Is Less Than A Year Away

WEB Notes: Type “Jim Rogers” into our search field and you will find more warnings of doom over the years. The problem is when? People are always setting timelines for this stuff and no know really knows when it will happen. Eventually Rogers and others will be right. But does that make one a wizard when they say it every three months? I do not like our readers to be worried about these type of things. Know the financial system is artificially inflated and have your ducks in order and you will be okay. Your ducks in order partially means to be out of debt.

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How Bad Is the Crisis in Illinois? It Has $14.6 Billion in Unpaid Bills

WEB Notes: $14.6 billion in debt. It is always “okay” for government to go into debt with the promise of using your tax dollars to pay it off. How about your personal income. How much debt can you go into before you are out on the street with a hungry belly? This is the problem with government, it becomes too big. Big government is the problem, it cannot even manage itself.

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Global Bankers Warn Next Global Crash Could Arrive ‘With A Vengeance’

WEB Notes: We have heard this a few times now. They always like to announce it before it happens.

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Could Illinois be the first state to file for bankruptcy?

Illinois residents may feel some solidarity with the likes of Puerto Rico and Detroit.

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Jim Rogers: The worst crash in our lifetime is coming

WEB Notes: Rogers and others have been talking about this for years. I find it amazing how many times certain the media mainstream and otherwise have said a crash is coming next month and nothing happens. Wait! We have new news, a crash is coming this month and nothing happens and yet the people still entertain those places. Some people love to live in fear, what else can you say? I hope you do not live in fear. Have you forgot one of the promises in your Father’s Letter already (Deuteronomy 31:6)?

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Study: Venezuelans lost 19 lbs. on average over past year due to lack of food

In a new sign that Venezuela’s financial crisis is morphing dangerously into a humanitarian one, a new nationwide survey shows that in the past year nearly 75 percent of the population lost an average of 19 pounds for lack of food.

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Why Venezuela’s socialist meltdown COULD actually happen in the US

There’s a predictable checklist for meltdowns in socialist countries, and it’s playing out with tragic regularity in Venezuela. Nationalize agriculture? Check. Start government-enforced rationing when the food supply dries up? Check.

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Era Of Cheap Money Ending, Financial Hell Unleashed

Money Coins and Clock

WEB Notes: Economic collapse is not the question, when is the question as it always is. If the Federal Reserve continues to raise rates it would seem that is a definite signal the crash will begin.

Source: SHTFplan by Mac Slavo

We’re living in the calm before the storm.

That much everyone can sense.  The stock market highs and holiday spending spree will soon be over, the inauguration will presumably go as planned, but that’s when everything could start to go off course.

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Federal Reserve Initiates End Game As Trump Heads To White House

This process of removing backdoor manipulation through low interest rates should be our main concern right now. Early in 2016 I believed that the Fed would reach a position in which it would finally unleash a series of rate hikes. I did not think they would be so blatant as to wait until right after the U.S. presidential election to do so. I was wrong.

This is why I eventually predicted the launch of a series of rate hikes starting right after the election of Donald Trump in my article ‘World Suffers From Trump Shell Shock — Here’s What Will Happen Next.’ The Fed has now once again hiked interest rates with assertions that they will be “accelerating” such hikes throughout 2017.

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