Editor’s Note: It’s coming friends! A huge, devastating financial crash that will paralyze the globe. It’s prophesied in the Book of Revelation – Black Horse – Rev 6. Currently, economies all over the world are in severe trouble. Inflated stock markets that play like a teeter totter every day, trade wars causing economic hardships, and currencies under fire are sure signs that something big could happen any day. Retail stores and mall closing are off the charts. These are economic red flags waving at all of us … but who is looking? And the debt … is monstrous and not getting any better. Folks, it seems like a financial “reset” of some type is dead ahead. Perhaps a war will ignite this …?
America will not be exempt from the financial devastation’s ahead, in fact, they may initiate the crash with the reckless financial management currently manipulating our economy. Gold and silver, bank accounts and 401/403’s will be worth diddly in the prophesied world economic collapse that could happen any day now. The big question is are you prepared? Are you ready? Do you know Jesus as your Lord and Savior? The days are becoming increasingly difficult and will increase. Our only hope is in knowing the Lord as our Savior and King; He will provide for those that know Him.
“In that day mankind will cast away their idols of silver and their idols of gold, which they made for themselves to worship, to the moles and to the bats,” -Isa 2:20 (ESV)
“‘They will fling their silver into the streets and their gold will become an abhorrent thing; their silver and their gold will not be able to deliver them in the day of the wrath of the LORD. They cannot satisfy their appetite nor can they fill their stomachs, for their iniquity has become an occasion of stumbling..” -Eze 7:19 (NASV)
The following article was originally published by Michael Snyder at The Economic Collapse Blog. (Used by permission)
General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble
By Michael Snyder in Nov 2018
America’s twin economic “generals” are both in very deep trouble. General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet. But now it is drowning in so much debt that it may be forced into bankruptcy. General Motors was founded in 1908, and at one time it was the largest automaker that the world had ever seen. But now it is closing a bunch of factories and laying off approximately 14,000 workers as it anticipates disappointing sales and a slowing economy. If the U.S. economy really was “booming”, both of these companies would probably be thriving. But as you will see below, both of them have been victimized by the exact same Ponzi scheme, and both firms are sending us very clear signals that the U.S. economy is heading for troubled waters.
Whenever you hear the word “restructuring”, that is always a sign that things are not going well for a company.
And it turns out that GM’s “restructuring” is actually going to cost the firm 3.8 billion dollars…
General Motors said Monday it plans to effectively halt production at a number of plants in the U.S. and Canada next year and cut more than 14,000 jobs in a massive restructuring that will cost up to $3.8 billion.
Of course GM doesn’t have 3.8 billion dollars just lying around, and so they are actually going to have to borrow money in order to close these plants and lay off these workers.
Needless to say, President Trump is not very happy with General Motors right now…
Trump said he spoke Monday with GM’s CEO, Mary Barra, and ‘I told them, “you’re playing around with the wrong person”.’
He told reporters as he left the White House for a pair of political rallies in Mississippi that the United States ‘has done a lot for General Motors. They better get back to Ohio, and soon.’
There is no way that Mary Barra should have ever been made CEO of General Motors, and now the entire world is getting to see why.
In addition to the elimination of about 6,000 factory jobs, GM will also be cutting about 8,000 “white collar jobs”…
In addition to the production cuts, GM said it will reduce its North American white-collar workforce by about 8,000. The deadline passed last week on a voluntary buyout for those workers, and GM spokesman Pat Morrissey told the Free Press that only 2,250 employees have asked to take the offer, meaning as many as 5,750 workers could be cut if the company keeps to its announced total. Analysts told the Free Press to expect involuntary cuts in January.
So why is General Motors doing this?
After all, if the U.S. economy really is “booming” that should mean increased sales for all of the major automakers in the coming years, right?
Unfortunately, the truth is that hard times are already here for automakers. In fact, Bob Lutz told CNBC that “we’ve got a demand problem on cars”…
Former GM Vice Chairman Bob Lutz said the automaker historically would have raised sales incentives to try to sell more cars before resorting to plant closures.
“Nowadays GM looks at the hard reality, says we’ve got a demand problem on cars, what are we going to do about it. We have to shut some facilities and move production to truck plants,” Lutz said on CNBC’s “Halftime Report. ” “So I think what we are seeing is a fast-acting and reality-oriented GM management.”
In other words, sales are not good and so now is the time to shut down factories.
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Fear God and Flee from Evil!
-BPWatcher, Internet Preacher and Bible Prophecy Watchman
Pray for the peace of Jerusalem – Psa 122:6 (KJV)