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Posts Tagged ‘depression’

Check out the graph and article below, this is very eerie indeed.  It is what we have been warning about and amazing how close we are following 1937.  Make sure you have prepared, food, supplies…  It certainly looks like a cliff we are headed toward.  I hope not, but we must prepare ourselves, our families, so we can help others when it happens…

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Doomsday Clocks: Are We Heading for Another Great Depression?

Is America heading toward another Great Depression? The answer may not be a definite “yes” or “no,“ but rather an eerie ”maybe.”

In yesterday’s Wall Street Journal, Donald Luskin laid out an argument for why, should we continue on our path, America might be poised to repeat the mistakes it made that lead up to and perpetuated the Great Depression. In other words, if history is a great teacher, we could be its worst students.

What may allow the “history repeats itself” cliche to ring true, he says, is the expiration of the Bush-era tax cuts and a renewed aggression toward trade via a recent amendment to the Smoot-Hawley Act — a union favor: both “doomsday clocks” with a deafening tick-tock, tick-tock.

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More global news on our economies.  It is amazing to me the different picture that is being painted now.  There are many reasons proposed for why it is just coming out now, I would rather focus on what is the real picture, how does it look through the third lens of scripture, and how does God want us to prepare/handle the circumstance.

It is a very eye-opening article, especially to those just now waking up.  This is all leading us to one world economy/currency.  We are seeing all global fiat currencies struggling, unrest is rising, along with unemployment.  It is very important to keep an eye on Spain and Ireland as they seem to be just ahead of us on the slide…

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IMF Warns Western Economies Mired in ‘Near Depression’

A new report by the International Monetary Fund paints a brutally grim picture of the global economic outlook, warning that continued European belt-tightening combined with possible deficit-cutting in the United States could lead to a global double-dip recession.

Ambrose Evans-Pritchard, international business editor of the Daily Telegraph newspaper, wrote that the report suggests Western economies are stuck in a “near depression.”

In the near term, the report suggested, nations seeking to stabilize their economies by cutting their budgets will only make the global economy worse.

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