Wednesday, August 7, 2013

Worldwide Fiscal Austerity Dead: When Will David Wilkerson’s Prophecies Begin?

According to the manual for modern eschatologists, David Wilkerson’s book “The Vision,” is the best way of monitoring future debilitating worldwide events. Back in 1973, HaShem gave Mr. Wilkerson a vision of the future. So far, everything he’s stated has been accurate. Worldwide economic collapse seems to be the next event on the horizon.

"At most a few more fat flourishing years, and then an economic recession that's going to affect the life style of every wage-earner in the world. The world economists are going to be at loss to explain what's happening. It's going to start in Europe, spread to Japan and finally to the United States." David Wilkerson “The Vision” 1973
Europe is on their August vacation, so nothing of import is happening there; yet, the world’s issues seem to increase. On the economic front, most pundits think that worldwide politicians believe an economic collapse is due soon, so why would they preach austerity? Thus, the crash will come sooner and be more dangerous.

Eurozone crisis is just on hold for the summer 
by Mohamed el-Erian, Tuesday 6 August

This summer's sense of normality in Europe is neither natural nor necessarily tenable in the long term
World stocks down, Fed official flags stimulus end
Associated Press by Pamela Sampson, AP Business Writer

Global stocks fall after Fed official's comments spark speculation about stimulus program end
BANGKOK (AP) -- World stock markets fell Wednesday, led by a plunge in Japan's benchmark index, as expectations mounted that the U.S. central bank will begin to phase out its monetary stimulus next month.
Positive U.S. trade data and comments by a Federal Reserve bank regional president increased speculation that the Fed could begin reducing its monthly $85 billion in asset purchases in September. The program has helped keep interest rates super-low in order to spur growth. But it also had the unintended effect of pushing up stock markets, where investors have fled in search of returns that outpace bonds.

Japan News 8.9.2013

Kyle Bass Warns "There Is No Real Way Out" by Tyler Durden on 08/04/2013 Forward to 38:31 for Kyle Bass' interview...

Quantitative easing is nothing but "competitive devaluation," Kyle Bass begins this brief but wide-ranging interview; and while no central bank can explicitly expose the 'beggar thy neighbor' policy, they are well aware (and 'banking on') the fact that secondary or tertiary effects will lead to devaluing their currency. The bottom line, Bass warns, is "when the globe is at 360% credit market debt-to-GDP, there is no real way out." Furthermore, the winds of austerity have already blown (simply put no nation engaged in austerity prospectively - for the nation's betterment - they were forced by the bond markets) and with central bankers now dominant - the Krugman-esque mentality of "let's just keep going," is very much in the driver's seat since politicians now see "no consequence for fiscal profligacy." The average investor, Bass adds, "is at the mercy of the central bank puppeteers," as the Fed's policies are forcing mom-and-pop to "put their money in the wrong place at the wrong time." There will be consequences for that... there is only one way this will end... "and investors should be really careful doing what the central bankers want them to do."
My opinion: World leaders are bracing for a crash. They don’t care about you or anyone else. It’s time for you to care about your faith in HaShem, because nothing else will save you from the terrors due soon.


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