Don’t like thinking like this and of course the LORD will take care of us…. But then HE did warn Joseph and saved his family.
When Israel was set up as a nation, God gave them certain financial instructions. One was that every 50 years all debts were to be cancelled. It was a financial restart for the nation and worked well. But we are now all set up with the rich getting richer, the poor getting poorer and the middle class disappearing. Credit Card debt is now sucking all the juice out of the poor of this nation. And the collective debts are reaching to nearly 100 Trillion Dollars now. So everyone seems to owe their soul to the company store as the old song goes…. except for a very few. Our politicians have placed us all into very serious debt.
1929 was the last time we had a major dept cancellation and that was about 90 years ago. So the following could be real. And you might want to think about what you can do now to prepare, if it comes. There are lots of 25 year freeze dried foods in cans that you can buy today but perhaps not tomorrow. If it happens TP will been gone from Costco in 2 days, I have seen it happen. Grocery shelves will be empty in a week or two and gasoline could be rationed or impossible to find, that also has happened in Kona. If there is a 1929 like reset on our national economy it may take a decade to return to some kind of normal as it did in 1929. I am not saying, “Thus Sayeth the LORD” but we all should take time to consider these possibilities. Yours, in HIS great love, Ken<>< www.Trinity-Aloha.org
The following are 11 reasons why so many experts now believe that a U.S. economic crisis is imminent:
1. Last week, the “spread between the U.S. 2-year and 10-year yields” turned negative for the very first time in 12 years. An inversion of the yield curve has occurred prior to every single U.S. recession since the 1950s, and this is one of the most important economic signals that we have seen yet.
2. U.S. consumer sentiment just fell to the lowest level that we have seen in all of 2019.
3. Seventy-four percent of the economists surveyed by the National Association for Business Economics believe that a recession will begin in the United States by the end of 2021.
4. U.S. industrial production just slipped back into contraction territory.
5. The IHS Markit Manufacturing Purchasing Managers’ Index just fell to the lowest level that we have seen since September 2009.
6. Just as we witnessed in 2008, fear and volatility have returned to Wall Street in a major way. In fact, so far this month we have already seen the fourth- and seventh-largest single-day point declines in U.S. stock market history.
7. The total number of bankruptcy filings in the United States has been steadily shooting up, and it rose another 5% percent during the month of July.
8. Major U.S. retailers continue to shut down more stores, and we have continued to stay on a pace that would break the all-time record for store closings in a single year.
10. According to the Federal Reserve Bank of New York, the probability that a recession will happen within the next 12 months is now the highest that it has been since the last financial crisis.
11. President Trump is suggesting that the Federal Reserve should cut interest rates by 100 basis points and that the Fed should restart quantitative easing as soon as possible. Both of those moves would be considered to be “emergency measures” that should only happen if a major economic downturn were imminent.