Financial collapse is imminent.

CNN Money Reports:

Forecast says double-dip recession is imminent

NEW YORK (CNNMoney) — The U.S. economy is staring down another recession, according to a forecast from the Economic Cycle Research Institute.

“It’s either just begun, or it’s right in front of us,” said Lakshman Achuthan, the managing director of ECRI. “But at this point that’s a detail. The critical news is there’s no turning back. We are going to have a new recession.”

Read the rest HERE.

The Economic Collapse Blog reports:

12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here

We are getting so close to a financial collapse in Europe that you can almost hear the debt bubbles popping.  All across the western world, governments and major banks are rapidly becoming insolvent.  So far, the powers that be are keeping all of the balls in the air by throwing around lots of bailout money.  But now the political will for more bailouts is drying up and the number of troubled entities seems to grow by the day.  Right now the western world is facing a debt crisis that is absolutely unprecedented in world history.  Europe has had a tremendously difficult time just trying to keep Greece afloat, and several much larger European countries are now on the verge of a major financial crisis.  In addition, there is a growing number of very large financial institutions all over the western world that are also rapidly approaching a day of reckoning.  The global financial system is a sea or red ink, and when we get to the point where there are hundreds of ships going under how is it going to be possible to bail all of them out?  The quotes that you are about to read show that quite a few top financial and political insiders know that things cannot hold together much longer and that a horrific economic crisis is coming.  We built the global financial system on a foundation of debt, leverage and risk and now this house of cards that we have created is about to come tumbling down.

A lot of people in politics and in the financial world know what is about to happen.  Once in a while they will even be quite candid about it with the media.

As I have written about previously, Europe is on the verge of a financial collapse.  If things go really badly, things could totally fall apart in a few weeks.  But more likely it will be a few more months until the juggling act ends.

Right now, the banking system in Europe is coming apart at the seams.  Because the global financial system is so interconnected today, when major European banks start to fail it is going to have a cascading effect across the United States and Asia as well.

The financial crisis of 2008 plunged us into the deepest recession since the Great Depression.

The next financial crisis could potentially hit the world even harder.

The following are 12 shocking quotes from insiders that are warning about the horrific economic crisis that is almost here….

Read the rest HERE

Comment by Wickus:

These articles speak for themselves. The house of cards is on the verge of collapse and soon there will be so much chaos that governments and people will be to eager to accept any plan just to get out of the mess and have food on the table. I believe we see the beginning of something that will end with the mark of the beast. I also believe that this is a sign that the dividing of Jerusalem is imminent. The puzzle pieces is starting to fit. I believe we have only a few months of sanity left before all hell will break loose. Prophetic signs has advanced too much in a very short time to just ignore. There is a potential antichrist candidate just waiting on the sideline to be called into action by the beast, and this candidate’s 7 year covenant is still active.

Seek the Lord, friends. Prepare by making Him your life. And pray for each other.

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6 thoughts on “Financial collapse is imminent.

  1. Boetie , not to make light of the seriousness of this but I could not help but chuckle at the sponsored link on CNN Money ( on the bottom right of the page you linked ) – ” How to survive a zombie apocalypse ” Major de ja vu to a discussion on my commute home from the office a few days ago.

    Here’s the gist of the conversation between us girls.

    Picture this , for us to get back on the highway we need to pass the local “Play- land” to avoid the traffic and the oh so annoying men drivers ( sorry couldn’t resist )

    Halloween fever ( or shall I say the demonic spirit that drives it ) is already thick in the air and the park is decked out with extravagant decor that glorifies evil, death and darkness. The unsaved girls I commute with are all giddy with excitement and express that even though they are scared to death ( not the words they used BTW) to go , they are so goin!

    Now Hisown never , I mean never let’s a opportunity like this slip out of her hands and makes some silly comment and a “what IF THIS Halloween is different” and these dudes become like all crazy ….what then ? They then asked me to start a gurile girl bible study with them,,,,,I think I scared the hibbie giggies ouuta them LAUGH!!

    Okay all jokes aside, I am so doing another Coscto run today as I have faithfully adhered to the Holy Spirit’s promptings for quite a while already 🙂 Don’t ye just love how faithful the Lord is!

    http://money.cnn.com/galleries/2011/smallbusiness/1109/gallery.zombie_survival/?iid=GM

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  2. USA printed more money and Europe is about to do the same. I will say that when they reach the debt limit again which they will considering most of it is already spent then there is big trouble.
    Best thing to do it buy or grow some food and stock up enough to last through the collapse considering hyperinflation will follow. It isn’t a sin to collect food. God made the seasons for that reason so we store up enough to last until the next one.

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  3. Amen Lafreak.

    Go to the ant right!

    Joesph did 🙂 stock up I mean 🙂

    Ain’t gunna be clasified as one of these in the latter in this verse.Child-like but never simple 🙂

    Pro 22:3 A prudent [man] foreseeth the evil, and hideth himself: but the simple pass on, and are punished.

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  4. I will say that the financial collapse has already happened to many, no jobs, losing homes, struggling just to get food and electricity. My brother is in this situation, we would be too but we have an elderly man that God brought into our lives years ago who needed caregiving and has a VA pension that he pays my husband. But who knows how long the government will last to pay those, lol. I am not concerned and have always tried to stock up a bit as well. My heart goes out to the many though who are worse off than we are, as it is we are losing our home in foreclosure soon, but praise God my brother in law who is a Christian man and his wife, have given their home to us there in a small town. When they married, they had two homes, so they live in one and have been renting out the other one. This is the home where my dear sister Ruth left to go to Jesus back in 2004 where I spent a lot of time with her. So honestly I am looking forward to going to this small town again about two hours south of us here.

    But please pray for my brother James and family if you would, he is sure hitting some tough times. He is an electrical contractor down on the Long Beach Peninsula here in Washington state and there are just no jobs, not enough for many, even if they go back here in southern Washington there is no work. With housing and remodeling down, boy it hits hard here.

    But thanks be to God, we all have Jesus. And he has told us this was coming so we are not taken by surprise that is for sure.

    And praying for your bible study too Hisown, great opportunities for sure.

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  5. And may I add, we have had a few tough years, but have a wonderful Christian brother and sister who have been so generous, gracious and faithful to the Lord by helping us out. In my whole Christian life, have not seen anything like these two generous hearts. I thank God daily for them. That in the fact that they are doing better, they are willing to share with us. Christianity in its truest form.

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  6. i love all the folks here at this site! your lives sound like they have many of the same challenges and blessings that i have. may the Lord abundantly fill you with the overflow of His Spirit’s Wisdom and Power using each of you to give Glory to His Name! God has been and will continue to be faithful to pour out His unmerited favor upon us. not because we deserve it as yall know too-but because He is Good-ever always unfailing Good! yes i am preparing too-i remembered joseph’s trust and obedience to stock up for the lean times and they are a’comin’. my husband has a good job working for our state highway dept (and who knows what that may be too however winters especially keep him busy here in wyoming) but many in our family and church family may be facing joblessness because businesses are already impacted and more trouble will be on their doorstep. i want to be able to throw open my “storehouse” as well. my unsaved neighbors are on my heart too. i have taken a small opportunity to share the Lord but praying for a bigger better opportunity to share Christ with them. the Lord will open doors and hearts and cupboards in the tough times coming and we will be watching Him do the impossible! He is our supply—because of the riches only found in Christ Jesus—–God and Savior-King and Defender–and The Very Bread of Life!

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