CNN Money Reports:
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:
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.