Global Stocks Plunge Again And A Former Reagan Administration Official Is Warning Of A “40% Crash”

The following article was originally published by Michael Snyder at The Economic Collapse Blog. (Used by permission)

By Michael Snyder in Nov 2018

Stocks are falling again, and many believe that this new crisis is only just beginning.  After a disappointing end to last week, a lot of investors were hoping for a bounce to start this week, but so far that has not materialized.  As I write this article, all the big markets in Asia are down, and it looks like it is going be be a rough morning for Wall Street.  Of course we probably won’t see too much movement as global markets wait to see what happens on Tuesday, and those results could potentially move things up or down substantially.  Ultimately, I have a feeling that Wall Street will not be too happy if control of Congress is divided, because that would almost certainly mean that very little will get accomplished in Washington for the next two years.  Instead, we will likely see even more bickering and fighting than we are seeing now.

But no matter what happens in the short-term, a lot of experts are convinced that the big market crash that everyone has been waiting for is finally here.

One of those experts is David Stockman.

Stockman is a former member of Congress, and he was the Director of the Office of Management and Budget under President Ronald Reagan.  These days he is a frequent contributor on CNBC, and he recently told the network that there will be “a 40 percent stock market plunge”

David Stockman warns a 40 percent stock market plunge is closing in on Wall Street.

Stockman, who served as President Reagan’s Office of Management and Budget director, has long warned of a deep downturn that would shake Wall Street’s most bullish investors. He believes the early rumblings of that epic downturn is finally here.

Because our financial system is even more leveraged today than it was in 2008, a plunge of that magnitude would be absolutely disastrous.  Virtually everyone would need a “bailout” at that point, and economic activity would decline dramatically as the flow of credit dried up almost completely.

Needless to say, we would find ourselves in a very harsh recession very rapidly, and that is another thing that Stockman is anticipating

We’re going to be in a recession, and we’re going to have another market correction which will be pretty brutal,” Stockman said.

Of course Stockman is far from alone.  Another economic expert that is warning of an imminent crisis is Mish Shedlock

In the last 10 years not a single fundamental economic flaw has been fixed in the US, Europe, Japan, or China. The Fed was behind the curve for years contributing to the bubble. Massive rounds of QE in the US, EU, and Japan created extreme equity and junk bond bubbles. Trump’s tariffs are ill-founded as is Congressional spending wasted on war.

Potential Catalysts

  1. Junk Bond Bubble Bursting
  2. Equity Bubble Bursting
  3. Italy
  4. Tariffs
  5. Brexit
  6. Pensions
  7. Housing
  8. China

Many will blame the Fed. The Fed is surely to blame, but it is prior bubble-blowing policy, not rate hikes now that are the problem.

Shedlock has correctly identified a number of factors that could act as “catalysts” for this crisis.  The truth is that signs of trouble are all around us, and it is only going to take a very small nudge to push us off of a very steep cliff.

Instead of fixing our long-term problems in 2008, our leaders patched up the current system and started reinflating the bubble.

Now we have created the largest financial bubble in all of human history, and the only way to keep it from imploding is to inflate it even more.

On some level, just about everyone knows that this story is going to end badly, and that a horrifying economic downturn is ahead of us.

Just look at what General Motors is doing.  Even though the U.S. economy has supposedly been “doing well”, they just offered a buyout to 18,000 of their employees because they want “to act ahead of the next economic downturn”

And yet, despite its strong position, Automotive News reports that GM plans to offer about 18,000 employees a voluntary buyout. The offer will only be extended to salaried employees who have worked at the company for at least 12 years, and eligible employees have until November 19 to decide whether to accept or not.

But why would GM reduce its workforce when it’s doing so well? With sales in the U.S. and China slowing down, hybrid and electric vehicles growing increasingly popular, and automated driving technology finding its way to more vehicles, GM sees a lot of change on the horizon. It’s also worried about the potential for another recession, and it wants to act ahead of the next economic downturn.

 (READ MORE…)

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Fear God and Flee from Evil!

-BPWatcher, Internet Preacher and Bible Prophecy Watchman

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Pray for the peace of Jerusalem – Psa 122:6 (KJV)

Washed Clean by the Blood of the Lamb

Are You Saved?

Now is the Time … Don’t Put It Off!

What do you mean?  I have never heard of this. Saved from what? From whom? Hey, I believe there is a God and sometimes I go to church … and sometimes I do good things …

More so than ever before in human history, men must come to the realization that there is a life hereafter. There is an eternity. There is a God and there is a Devil. There is also a literal heaven and a literal hell. These are in-your-face pertinent no-kidding truths for everyone right now today.  You can choose to believe these are real or one day in your pride, arrogance, rejection and unbelief find out the truth and by then it will be too late. If you pass through the gates of Hades or Hell, your eternal destination is set, locked in, never to be changed! Now please get this – it will be eternal, in other words forever! No purgatory, no holding tank until you work your way out and into heaven. The doctrine of purgatory is a false unscriptural doctrine crafted in the pits of hell. You will not find it in Holy Writ.

We All Deserve Hell –

We are talking about your spiritual life – your relationship with Almighty God and His Son Jesus Christ. The bottom line: we are all deserving of spending eternity in hell but through the death and resurrection of Jesus Christ God’s only begotten Son, we have confidence and assurance of eternal life with Him in heaven once we go through death’s door. Many don’t give this a second thought and only think about the here and now. They ‘think’ via rationalization that they will live until a ripe old age and sometime before they die, at say, age 70 or 80 or 90, they will make a decision to then believe in God. It’s a plain and simple fact that all of us will die one day but what many don’t realize is that they could die at any moment and then their eternal destination is sealed – either for hell or for heaven.

Where will be your destination if you died after reading this message or say later today or tomorrow or next week sometime? Please do not scoff or discount the reality of an eternity – either in heaven or hell! Hell or Gehenna (Gr) or Hades (Gr) was a place not made for man but for the Devil and his demons (Matt 25:41). It’s a hideous and terrible place – your existence is reduced to an eternal fiery torment in darkness separated from God.

Remember, it’s Almighty God who will judge and condemn you (John 3:18; 8:24) and send your soul to hell if you haven’t confessed your sin, repented of it and in sincere belief and trust proclaimed Jesus Christ as your Lord and Savior. You see, Jesus, in His great endless love came to save us from an eternal separation from Him, therefore, choose Christ and a life forever with Him in heaven. It is ultimately your choice and your decision.

“Whereas ye know not what shall be on the morrow. For what is your life? It is even a vapour, that appeareth for a little time, and then vanisheth away.” – James 4:14 (KJV)

Jesus Christ Became the Ultimate Sacrifice For Us –

Jesus Christ made the ultimate sacrifice on the Cross of Calvary in that He bore the sins of our lives – past, present and future – on His body. He was crucified, died, was buried and then was resurrected by God the Father after 3 days. He was the Lamb of God who was slain – Rev 5:12.  This is the fundamental truth and belief of an active, professing, trusting and believing Christian. It is by faith and faith alone that salvation is received into one’s soul and it is through the spirit of man that we have fellowship with Jesus Christ – Eph 2:8-9. It is through Christ’s death and resurrection and our profession of faith in Him that we are saved from the dreadful consequences of living an unrepentant sinful life ending with an entrance through death’s door into an eternal darkness without God. It is not though any type of works that we are saved or remain saved as some false religions preach.

“The harvest is past, the summer is ended, and we are not saved.” -Jer 8:20 (KJV)

Friends, It’s Time to Think Serious About This –

Friends, now is the time to get serious about this. The time grows shorter every hour that passes by. We live this life only for a short time, a bus stop, a vapor or wisp of existence in the span of eternity. Jesus Christ came to become the ultimate sacrifice for us; He paid the ultimate price for our sins shedding His blood on the Cross of Calvary. In the Old Testament, the blood of animals was required to temporarily atone (or to reconcile) for sin between God and mankind – Lev 17:11. It wasn’t a permanent atonement and so had to occur once each year so the Israelites could be cleansed from their sins and brought back into fellowship with God Almighty. But in the New Testament, Christ became the sacrificial Lamb to atone once and for all,  for all of our sins. But we/you need to do something…

We must call on the name of the Lord (Rom 10:13), confess Him as the Lord of your life and believe in your heart (soul) that God raised Him from the dead. That’s it! No ritual, no ceremony, no signed agreement, no confessing/confession before a man or idol – right now while reading this you can become saved and lock in your eternal destination.

Here’s a simple prayer for salvation:

“Almighty God, I ______________________ (fill in your name) confess and repent of my sins, I will amend my ways, I will change my attitudes and lifestyle, for I am seeking now the free gift of salvation through the sacrifice of your Son – Jesus Christ – who shed His blood for me on the cross of Calvary. I want to go to heaven when I die. So I come to you right now, confessing with my mouth and believing in my heart Jesus as my Lord and Savior, that He died for my sins and was raised to life by God the Father, the Creator of the Universe. Amen.”

“For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” – John 3:16 (KJV)

If you have prayed this prayer and are sincere – welcome to the family of God! As long as you live for Him, confess and repent of your sins, live in holiness and seek His will for your life, you will spend eternity with Him once you depart your body. But please remember the Lord requires you to be 100% dedicated … to Him! No turning back, no looking back like Lot’s wife did.

You must walk in His ways, to love and serve Him every day with Godly fear, reverence and awe, to be holy – Deut 10:12, Acts 10:2, 1 Th 4:7, 1 Pet 1:16. Also, you must seek to know Him more, you must have a personal relationship with Him. How? By reading His word daily – the Holy Bible – which is of primary importance. And in prayer – daily, hourly – all the time. This is part of His will for your life, so do not put it off or reject its importance. The Lord has not left you alone to accomplish these things for He has sent His Comforter – the Holy Spirit – who will lead and guide you into all truth. Call out to the Lord Jesus Christ today!

“Whosoever therefore shall confess me before men, him will I confess also before my Father which is in heaven. But whosoever shall deny me before men, him will I also deny before my Father which is in heaven.” – Matt 10:32-33 (KJV)

 

-BPWatcher, Internet Preacher and Bible Prophecy Watchman

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Migrant Invasion of America is On Its Way

“Migrant caravan members sue Trump for violating their ‘constitutional rights’”, RT – 11/3/2018

“Central American migrants walking across Mexico to reach the US have a message for Trump: ‘We are not killers'”, Business Insider – 11/2018

“Trump calls migrant caravan an ‘invasion,’ says U.S. won’t release asylum seekers at border’”, Global News – 11/1/2018

Bible Prophecy Commentary: Why is This Happening?

They are coming and in mass. But why and why now? Why so many? Why in several caravans? There are many questions about all this and no one has the correct answers at this time. Only speculation can be assumed. But this could be huge for America as the stakes are high. Could it be to cause mayhem in the midterm elections and their results? A political strategic plan posed by the Globalists and Elites to take down America? 

Perilous times for sure!

“I will dispatch foreigners to Babylon that they may winnow her And may devastate her land; For on every side they will be opposed to her In the day of her calamity.” -Jer 51:2 (NASB)

This is more than just some migrants wanting to make it to America. This is a flat out invasion by tens of thousands flooding our border and wanting in. Will they halt and go through the normal immigration channels? Perhaps not. Will they be allowed to come on in. Maybe… But one thing is for sure – what will this mass of people do once they stand at our border? Thousands. Some with good intent but many others with evil in their hearts and in their purpose. This will not be a good time for America.

Trump can let them through to America’s demise. We can’t even afford the people we have here now in terms of jobs, healthcare, etc. How will American states and towns handle the thousands needing care and concern? This could sink America for sure.

On the other hand, Trump could stop them all with the force of the military now almost in place. So what will that do? Will the migrants just go home? Go back the way they came? Perhaps not. A certain dilemma is facing Americans now and the outcome could cause ripples in our culture, social structure and economic resolve.

Stay tuned but also consider what the Bible has to say about such a time as this – Jer 51:2. Your thoughts are always welcome…

“And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nighWatch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man.” -Luke 21:28, 36 (KJV)

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Pray for the peace of Jerusalem – Psa 122:6 (KJV)

Coram Deo (living in the presence of Almighty God 24×7)

-BPWatcher, Internet Preacher and Bible Prophecy Watchman

PERILOUS TIMES IN THE LAST DAYS!

“This know also, that in the last days perilous times shall come. For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy,  Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good,  Traitors, heady, highminded, lovers of pleasures more than lovers of God;  Having a form of godliness, but denying the power thereof: from such turn away. -2 Tim 3:1-5 (KJV)

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