jack sequim wa Loc: Blanchard, Idaho

 

11 Signs That We Are Entering the Next Phase of the Global Economic Crisis - By Michael Snyder - http://theeconomiccollapseblog.com/archives/11-signs-that-we-are-entering-the-next-phase-of-the-global-economic-crisis

 

 

Well, the Nasdaq finally did it.  It has climbed all the way back to where it was at the peak of the dotcom bubble.  Back in March 2000, the Nasdaq set an all-time record high of 5,048.62.  On Thursday, after all these years, that all-time record was finally eclipsed.  The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced.  So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later.  Unfortunately, the t***h is that stocks have not been soaring because the U.S. economy is fundamentally strong.  Just like the last two times, what we are witnessing is an irrational financial bubble.  Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst.  And even now there are signs of economic trouble bubbling to the surface all around us.  The following are 11 signs that we are entering the next phase of the global economic crisis...

 

#1 It is being projected that half of all fracking companies in the United States will be "dead or sold" by the end of this year.

 

#2 The rig count just continues to fall as the U.S. oil industry implodes.  Incredibly, the number of rigs in operation in the United States has fallen for 19 weeks in a row.

 

#3 McDonald's has announced that it will be closing 700 "poor performing" restaurants in 2015.  Why would McDonald's be doing this if the economy was actually getting better?

 

#4 As I wrote about the other day, we could be right on the verge of a Greek debt default.  In fact, we learned on Thursday that the Greek government has been "running on empty" for months...

 

Greece warned it will go bankrupt next week after failing to stump up enough cash to pay millions of public sector workers and its international debts.

 

Deputy finance minister Dimitras Mardas set alarm bells ringing yesterday when he declared the country had been 'running on empty' since February.

 

With a debt repayment deadline looming on May 1, Greece faces the deeply damaging prospect of having to snub its own employees to make a €200m payment to the International Monetary Fund.

 

#5 Coal accounts for approximately 40 percent of all electrical generation on the entire planet.  When the price of coal starts to drop, that is a sign that economic activity is slowing down.  Just prior to the last financial crisis in 2008, the price of coal shot up dramatically and then crashed really hard.  Well, guess what?  The price of coal has been crashing again, and it is already lower than it was at any point during the last recession.

 

#6 The price of iron ore has been crashing as well.  It is down 35 percent in the last nine months, and David Stockman believes that this is because of a major deflationary crisis that is brewing in China...

 

There is no better measure of the true contraction underway in China than the price of iron ore. The Wall Street stock peddlers will tell you not to be troubled by the 70% plunge from the 2012 highs and the 35% drop just in the last nine months. According to them, its all the fault of the big global miners who went overboard opening up massive new iron ore pits and mining infrastructure.

 

#7 At this point, China accounts for more total global trade than anyone else in the world.  That is why it is so alarming that Chinese imports and exports are both absolutely collapsing...

 

China's monthly trade data shows exports fell in March from a year ago by 14.6% in yuan terms, compared to expectations for a rise of more than 8%.

 

Imports meanwhile fell 12.3% in yuan terms compared to forecasts for a fall of more than 11%.

 

#8 The number of publicly traded companies in the United States that filed for bankruptcy during the first quarter of 2015 was more than double the number that filed for bankruptcy during the first quarter of 2014.

 

#9 New home sales in the United States just declined at their fastest pace in almost two years.

 

#10 U.S. manufacturing data has been shockingly weak lately...

 

On the heels of weak PMIs from Europe and Asia, Markit's US Manufacturing PMI plunged to 54.2 in April (from 55.7). Against expectations of a rise to 55.6, this is the biggest miss on record. Of course, this is 'post-weather' so talking-heads will need to find another excuse as New Orders declined for the first time since Nov 2014.

 

#11 When priced according to "the average blue-collar hourly wage", U.S. stocks are the most expensive that they have ever been in history right now.  To say that this financial bubble is overdue to burst is a massive understatement.

 

For a long time, I have been pointing to 2015 as a major "turning point" for the global financial system, and I still feel that way.

 

But for the first four months of this year, things have been surprisingly quiet - at least on the surface.

 

So what is going on?

 

Well, I believe that what we are experiencing right now is the proverbial "calm before the storm".  There is all sorts of turmoil brewing just beneath the surface, but for the moment things seem like they are running along just fine to most people.  Unfortunately, this period of quiet is not going to last much longer.

 

And those that are "in the know" are already moving their money in anticipation of what is coming.  For example, consider the words of  Snapchat founder and CEO Evan Spiegel...

 

Fed has created a******l market conditions by printing money and keeping interest rates low. Investors are looking for growth anywhere they can find it and tech companies are good targets - at these values, however, all tech stocks are expensive - even looking at 5+ years of revenue growth down the road. This means that most value-driven investors have left the market and the remaining 5-10%+ increase in market value will be driven by momentum investors. At some point there won't be any momentum investors left buying at higher prices, and the market begins to tumble. May be 10-20% correction or something more significant, especially in tech stocks.

 

It may not happen next week, or even next month, but big financial trouble is coming.

 

And when it finally arrives, it is going to shock the world, even though anyone with any sense can see the coming crisis approaching from a mile away.

Luke 21:25

And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring;

Learn bible prophecies, Jesus is soon coming in the clouds, calling his saints home, the beginning of Jacob's troubles! !!
Repent and call on the Lord for forgiveness of sins.

Ricko Loc: Florida

Jack-looks like we need a real businessman in the Oval Office. May already be too late. Good Luck America !!!

mwdegutis Loc: Illinois

There just might be something to this and what you bring up Jack.

Shemitah year of 2015 may bring financial upheaval

David W Thornton
What would you do if you knew that divine judgment on your country and the world was imminent? If you are Jonathan Cahn, you write two best-selling books that detail the revelations that you have received about how the United States is already undergoing judgment and has been for more than a decade. Like a latter day prophet of the Bible, Cahn is issuing his warning that September 13, 2015 might be the next key date in the ongoing series of judgments using a variety of mediums, from television to the internet, that were not available to the prophets of old.

Cahn’s first book, “The Harbinger,” dealt with clues that linked the September 11 attacks and the 2008 financial crisis to the prophetic judgments found in the Book of Isaiah as well as to an ancient Jewish custom of forgiving all debts and letting fields lie fallow every seventh year. It is the story of this Sabbath year that Cahn expounds upon in his newest book, “The Mystery of the Shemitah,” the Jewish term for the Sabbath year.

Cahn’s analysis of the relationship between the terrorist attacks of September 11 and the 2008 economic collapse turned up the astounding fact that stock market collapses in both years, which currently rank as the two largest stock market point crashes in U.S. history, occurred on the same day of the Jewish calendar. Even more remarkable is the fact that the Jewish date on which the markets collapsed was the last day of the Shemitah year, the day in which all debts were wiped away. This action would result in a situation much like a modern recession as the accumulated wealth of seven years was blotted out and agricultural production plummeted.

When Cahn looked back at previous Shemitah years, he found that the pattern extended even farther back into U.S. history. The Shemitah of September 1993 through September 1994 (the Jewish New Year starts in September on the Gregorian calendar used by the U.S.) saw a selloff in the bond market that swept around the world. In 1987, a stock market crash occurred that held the record for largest point drop in a single day until the post-9/11 crash of 2001. In 1980, the U.S. suffered a severe recession that lasted until 1982. In 1973, an oil shock brought on by the Arab oil embargo sparked another recession. In 1966, the U.S. experienced a credit crisis. In 1958, the Eisenhower Recession was a sharp, worldwide downturn. For more than 50 years, every Shemitah year has seen the U.S. experience financial upheaval.

In addition, the Shemitah was linked to the Great Depression as well. Although the initial stock market crash of 1929 was not in a Shemitah year, the decade of the 1930s contained two Shemitahs, 1930-31 and 1937-38. As a chart of the Dow Jones Industrial Average of the 1930s shows, 1932 was the darkest year of the Great Depression. By 1937, the recovery had begun, but country experienced a second recession within the Depression.

As Cahn points out, the law of averages would dictate that there is only a one-in-seven chance, less than a 15 percent, of a recession or crash occurring within a Shemitah. When the statistics are examined, the relationship between financial upheaval and the Shemitah is far stronger than can be explained by random chance.

The Wall St. Journal’s list of the 20 largest one day stock market crashes includes 10 that are in a Shemitah year. Nine of these crashes were in Elul, the last month of the Shemitah, or Tishri, the first month of the year that follows the Shemitah (late September or October on our calendar). A further three crashes were in months that followed (November and December). The total of 13 crashes, more than half of the crashes, is far more than the 15 percent expected.

The same list also shows that many of the largest stock market gains come in the wake of the Shemitah. If the Shemitah culminates in a recession, the recovery would be expected to begin in the first months of the new Jewish year. In all, five of the largest 20 gains occurred during a Shemitah year, which is close to the random distribution. Seven of the largest gains occurred in the wake of the Shemitah. This may reflect the extreme volatility of the markets in the Shemitah. Many economists note that sudden, sharp crashes are often followed by equally quick recoveries.

Many stock market analysts have noted the tendency of the stock market to falter in the fall of the year. This correlation may be explained by the end of Shemitah, which occurs in September, and the recovery that follows.

Additionally, the National Bureau of Economic Analysis lists 33 business cycles that have impacted the U.S. economy. A comparison of the list of business cycles to Shemitah years shows that in four cases the cycle was entirely contained within a Shemitah. In 14 cases, the cycle was partly contained within the Shemitah including three cycles which completed before the culmination of the Shemitah. The 18 cycles which were linked to the Shemitah is more than half of the U.S. business cycles.

Cahn goes further. In “The Harbinger” Cahn discussed the link between the towers of the World Trade Center and an obscure Bible verse quoted by Sen. Tom Daschle (D-S.D.) on the Senate floor on September 12, 2001. The same verse, defiantly vowing to rebuild the towers, symbols of p***e, was echoed repeatedly in the following years by other government officials.

Cahn relates that the World Trade Center was conceived in the Shemitah year of 1945 when it was proposed by developer David Scholz. Groundbreaking for the World Trade Center was in the Shemitah year of 1966. In the Shemitah year of 1973, the twin towers opened as the world’s tallest buildings. In the Shemitah year of 1993, terrorists exploded a car bomb in the basement garage of the north tower, k*****g six people and injuring more than a thousand. Seven years later, in the Shemitah year of 2001, another group of terrorists succeeded in destroying the World Trade Center. The new tower on the World Trade Center site, One World Trade Center, also called the Freedom Tower, opened six weeks into the current Shemitah on Nov. 3, 2014.

Cahn also discusses the seventh Shemitah, the Jubilee. The 50th year, the year following the seventh Shemitah, was a “super Shemitah” that restored lands to their previous owners and set captives free. According to Cahn, no one today is sure when the Jubilee occurs, but there is another startling pattern. On November 2, 1917, British Foreign Secretary James Balfour signed the Balfour Declaration, which began the process of restoring a Jewish homeland in Palestine. This followed the 1916-17 Shemitah. Fast forward 50 years to June 7, 1967. This was the day that Israeli forces recaptured the city of Jerusalem in the Six Day War. This momentous event followed the Shemitah of 1965-66. This pattern suggests the possibility that these restorations both took place in Jubilee years.

If Cahn’s assumption is correct, the next Jubilee would follow the current Shemitah. The current Shemitah runs from September 25, 2014 through September 13, 2015 and the possible Jubilee would begin on September 14, 2015 through October 2, 2016.

Cahn points out the confluence of astronomical signs in the current Shemitah as well. The current Shemitah is associated with four blood moons, partial lunar eclipses, all of which fall on Jewish holidays. Additionally, there will be two solar eclipses. The first occurs exactly halfway through the Shemitah and the other on September 13, the last day of the Shemitah. Eclipses are often associated with judgment in the Bible.

Cahn makes no predictions about what to expect during the Shemitah and the possible Jubilee. As financial forecasts note, past performance is not indicative of future results. Nevertheless, the statistical correlation between the Shemitah and financial upheaval is a strong one. It may be worthy to note that shortly after the current Shemitah rang in, the stock market suffered a sharp downturn. At the same time, the US experienced a small panic over Ebola. What surprises does the rest of the Shemitah hold in store?

jack sequim wa Loc: Blanchard, Idaho

This is exactly what I believe! Only two nations in the world's history were founded on God. I believe that Israel and the United States are under the precepts of God and as Israel, the United States has been blessed and not exempt from God's judgements. One of the reasons the United States is not a player in end times, the other reason may well be of nuclear demise once economics have fallen.

Gener

[Shemitah year of 2015 may bring financial upheaval]

I find the idea of the Shemitah very interesting. I tend to think there is much t***h to it. That is not to say I am or am not a Christian, neither that I am or am not a Jew. Nevertheless, another author that people may find very interesting is David Montaigne, along these same lines.

jack sequim wa Loc: Blanchard, Idaho

I will need to read up more, his latest report of the poles shifting is alarming. I stand cautious of any one that date sets . Mathew 24:26 no man knows the day or the hour. We can guess at best, but I draw red f**gs of date setters. Again I know little of this author.

Gener

Jack wrote

[I will need to read up more, his latest report of the poles shifting is alarming. I stand cautious of any one that date sets . Mathew 24:26 no man knows the day or the hour. We can guess at best, but I draw red f**gs of date setters. Again I know little of this author.]

Hello Jack

Normally I do not read or respond to responses, but here I will. I understand about the setting of dates, many people have and been wrong. Quite embarrassing. Mostly though they are setting dates about the return of Jesus, and David does do that, tentatively anyway. He himself though, discusses this situation. I like it for other reasons than anything about Jesus's return. It fits very well with what is going on in the world as does the story of the Shemitah and the Harbinger. You might also like the works of Tom Horn, Chris Putnam, David Flynn, and others. I quote these people even though I do not have the same fundamentalist perspectives that they have. I just find it very interesting reading in light of what is happening in the world. These other authors do not set dates for Jesus 's return, but they do set time periods based on Hebrew Scriptures and New Testament scriptures.