World Events and the Bible

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

Tag: Economic Collapse (page 1 of 53)

Sears Hires Advisers to Prepare Bankruptcy Filing

Sears Holdings Corp. has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, according to people familiar with the situation, as the cash-strapped company that once dominated American retailing faces a debt payment deadline.

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Economic Collapse: “We Have The Biggest Bubble In The History Of Mankind” – Ron Paul

WEB Notes: If you read the article, Paul thinks by next year, a lot of people are going to start talking economic collapse. We have been saying the same thing for a while, within the next year or two. That was about six months ago by now. The writing is on the wall as the Scriptures go, (Daniel 5:5-6). All of the signs are building, it is not something to be excited about, but something to be aware of…

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BIS Warns Global Economy Risks Crisis ‘Relapse’

WEB Notes: This goes right in line with what I wrote yesterday in an article titled, “Next Crash Will Be ‘Worse Than The Great Depression’“. Well just who is the “BIS”?…

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Turkey’s Debt & Currency Crisis Morphs into Financial Crisis as Banks Face Funding Squeeze

The risks are fast multiplying in Turkey’s beleaguered economy. In a clear sign of deterioration, Turkey’s economic confidence index plunged 9% month-on-month to 83.9 points in August, its lowest since March 2009. The country’s currency, the Lira, resumed its downward spiral. And Moody’s downgraded 20 financial institutions in Turkey.

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A Month’s Pay In Venezuela Now Only Buys Just A Few Cups Of Coffee

Five million Venezuelan bolivars is the equivalent of $1.45. It’s also roughly a minimum-wage worker’s entire monthly salary in the South American country.

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Argentina Raises Interest Rates To 40%

WEB Notes: Raising rates is one thing, raising them to this level is quite another. Further, there has been a 10% jump in the last week alone. Lump this in with a 15% inflation rate this year and Argentina is not headed for trouble, they are already there.

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Toys ‘R’ Us Plans To Close All U.S. Stores; 33,000 Jobs At Risk

WEB Notes: Yesterday is was the UK, today it is the US.

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Why The Stock Market Plunged 1,175 Points On Monday

WEB Notes: Before I provide our opinion, I want you to hear from the experts.

The market got phony again. It’s a shame. It can’t handle the volume and it can’t handle this level of selling. It’s OK. It happens periodically and it freaks people out at home. We can spin any tale we want, but what I am saying is that the market doesn’t work at certain points.” said Jim Cramer of Mad Money (CNBC).

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DOW Plummets 666 Points, Capping Worst Week In 2 Years

WEB Notes: When you build a house of cards, it can all come down pretty quickly, especially the higher you stack the cards…

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Over One Million Venezuelans Flee As Crisis Continues

It is 8 a.m. and the line of Venezuelan refugees outside the Interpol office already stretches to the end of the block.

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Goldman Warns Highest Valuations Since 1900 Mean Pain Is Coming

WEB Notes: A crash will occur at some point in time, the market “works” (manipulated) in cycles. Over and over again, up and down, up and down. It would seem likely the next crash will coincide with the escalation of the sixth kingdom that we discussed in The Timeline of the Tribulation.

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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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