World Events and the Bible

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

Tag: Economic Collapse (page 1 of 52)

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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“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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