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Imminent financial crash ccoming #184346
07/03/17 07:07 PM
07/03/17 07:07 PM
G
Garywk  Offline OP
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Active Member 2023

Veteran Member
Joined: Jul 2023
Posts: 982
Colville, Wa
I don't know if a youtube interview will display and work here, but this interview with Lynette Zang, a woman with decades of financial experience, is a must see.

She shows how close we are to a complete financial collapse and a complete world-wide reset of the monetary system.

https://www.youtube.com/watch?v=KrdWIb7FYiU

Re: Imminent financial crash ccoming [Re: ] #184351
07/04/17 09:28 AM
07/04/17 09:28 AM
A
Alchemy  Offline
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Joined: Sep 2011
Posts: 2,264
Asia
This is a guy I like to listen to;

https://www.youtube.com/watch?v=czcUmnsprQI

Re: Imminent financial crash ccoming [Re: Alchemy] #184354
07/04/17 05:23 PM
07/04/17 05:23 PM
G
Garywk  Offline OP
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Joined: Jul 2023
Posts: 982
Colville, Wa
Originally Posted By: Alchemy
This is a guy I like to listen to;

https://www.youtube.com/watch?v=czcUmnsprQI



LOL. I'll bet you just love him as he advocates Ludwig von Mises' and Friederich Hayek's philosophy of economics. The non-intervention of Warren G. Harding is exactly what von Mises, Hayek, and the entire school of Austrian economics teach. So, yeah, you love that non-managed capitalism.

Re: Imminent financial crash ccoming [Re: ] #184359
07/05/17 04:35 AM
07/05/17 04:35 AM
dedication  Offline
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Posts: 6,411
Canada
Voices have been raised warning of a coming economic crash for some twenty years now -- (probably even longer)

Had a DVD sent to me about ten years ago that I should quickly take out any money I might have in the bank and give it "to the work" before it looses all it's value.

Somehow it seems the angels of Rev. 7 are holding up the economy to give us a little more time --


Personally I don't think it's worth arguing over national "philosophies of economics" at this point -- any returns to a more sensible method of money management cannot undo the damage, it's grown too large. It can put a few bandages on a bulging abscess, but it can't stop it from bursting and collapsing.



We need to be talking about how a severe national and international money crises will affect our lives, including our spiritual lives, the church, and the sounding of the three angels' messages.

In a major economic crises the basics of life will be hard to obtain.
Society will be in turmoil -- rioting, theft, and chaos will reign; followed by strict and severe government action, a resetting of money, in which everyone looses whatever money they may have, and then gets limited access to "new money" maybe in the form of a debit card with a limited withdrawal amount.

Some think buying gold and silver will protect them, however, a dictatorial government can confiscate all gold and silver to "build" their new monetary system.

Those who don't follow the new rules of the military type government don't get a new debit card, and can't buy or sell.


The one advice I've read in EGW's writings is --
"Out of the cities" "find a place where you can grow your own food". And yes that would not be in the cities even if you have a big yard as other's will "harvest" your garden.

Quote:
Again and again the Lord has instructed that our people are to take their families away from the cities, into the country, where they can raise their own provisions; for in the future the problem of buying and selling will be a very serious one. We should now begin to heed the instruction given us over and over again: Get out of the cities into rural districts, where the houses are not crowded closely together, and where you will be free from the interference of enemies. {AH 141.4}



Re: Imminent financial crash ccoming [Re: dedication] #184362
07/05/17 07:22 AM
07/05/17 07:22 AM
G
Garywk  Offline OP
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Joined: Jul 2023
Posts: 982
Colville, Wa
Originally Posted By: dedication
Voices have been raised warning of a coming economic crash for some twenty years now -- (probably even longer)



I agree that there have been voices of warning raised for a lot of years, but they have been voices crying in the wilderness. Nobody has really been listening.

That said, we are in an economic state that we have never been in before since the US has been a nation. We have a severe downturn in what is called money velocity. What it means is that people are no longer borrowing to spend. The economies world wide have been based upon debt for quite a few decades now, and because of that our economies are really slowing down. What central banks have done in the past to artificially pump up the debt-based economy is increase the formation of debt and inflation which leads to higher wages and prices that camouflage the sick economy and kick the can on down the road. They have done this by lowering interest rates again and again, and through massive "stimulus" programs.

Now, however, interest rates to banks are so low the central banks are actually paying banks to hold the currency the central banks are printing. This means they cannot cut interest rates to give an artificial stimulus to a very sick economy. They are out of tools to play with that can have any significant temporary effect. The "money velocity" right now is actually lower than it was in the Great Depression of the 1930's, but then the banks and government could mess with the currency supply. Doing so extended that depression for far longer than it should have happened. But now they do not have that option.

The second thing that is going on is the US dollar is at historical lows in real value. Right now it is only worth about a nickel, and it has been dropping despite what the Fed has been doing to try to prop it up. When the dollar goes to zero the entire system collapses. We will be like Germany after WWI. Hyper inflation so bad that if you don't get paid at least twice a day by the time you get to the bank your money will have no value whatsoever.

The signs are here that the end has come. We have massive political dishonesty like I've never seen in my life time. The US is close to civil war and when the economy goes things will be just like Ellen White predicted, worse in reality than we can now imagine. The Spirit of God has already been withdrawn to the point that violence is no longer unthinkable to most people over nothing more than someone thinks different than they do. Free speech is really close to being nothing more than a memory.

Ellen White says that when the US finally abandons all pretense of following the constitution the end is here. Well, the US has almost completely abandoned the constitution. And the backlash that is coming from the last 8 years of socialism being forced down people's throats is going to be a really scary thing. The political swing is going to be massive and violent.

Re: Imminent financial crash ccoming [Re: ] #184363
07/05/17 01:01 PM
07/05/17 01:01 PM
K
kland  Offline
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Joined: Oct 2008
Posts: 6,416
Midland
In finances, there has always been people saying the stock market is in such an unusual state, or it won't ever be the same. But the market adjusts, and all unusual things become usual. Sure, we know there is coming a time, but when people keep saying the end is near, soon no one pays attention to the wolf cries.

Consider the title of the thread, A new Global Economic Restructure in 2012.

I agree, there is an underlying hostility of the people. It's been there a few years...

Re: Imminent financial crash ccoming [Re: kland] #184364
07/05/17 06:59 PM
07/05/17 06:59 PM
G
Garywk  Offline OP
SDA
Active Member 2023

Veteran Member
Joined: Jul 2023
Posts: 982
Colville, Wa
Originally Posted By: kland
In finances, there has always been people saying the stock market is in such an unusual state, or it won't ever be the same. But the market adjusts, and all unusual things become usual. Sure, we know there is coming a time, but when people keep saying the end is near, soon no one pays attention to the wolf cries.

Consider the title of the thread, A new Global Economic Restructure in 2012.

I agree, there is an underlying hostility of the people. It's been there a few years...


I've read the thread. However, the things now present in the economy, the dropping like a rock of money velocity to below 1930's levels, the real value of the US dollar, interest rates so low that the prime rate is now negative, the level of unemployment, and the political climate, are things that have never existed before in the US all at the same time. Some have never existed before. We are in completely uncharted waters.

As to the hostility, it is miles beyond what it was 5 years ago. Ever seen a concerted effort by the entire main stream press to destroy a President before? I never have. Even the press' dislike of Reagan didn't approach the dishonest attempts to destroy Trump. The main stream news has been almost completely focused on destroying Trump since before he got elected. There is no balance in it. And now they are talking openly how it has always been a mistake to have any level of impartiality. Ever seen that before? Carl Bernstein, of Woodward and Bernstein fame, has come out and said the press needs to have a "new" kind of reporting. What could that "new" kind of reporting be? He says it is time to destroy Trump. In other words, forget all ethics. Do whatever you want to get rid of him.


Last edited by Gary K; 07/05/17 07:00 PM.
Re: Imminent financial crash ccoming [Re: ] #184373
07/06/17 03:09 AM
07/06/17 03:09 AM
dedication  Offline
Global Moderator
Supporting Member 2022

5500+ Member
Joined: Apr 2004
Posts: 6,411
Canada
Originally Posted By: Gary K



I agree that there have been voices of warning raised for a lot of years, but they have been voices crying in the wilderness. Nobody has really been listening.

That said, we are in an economic state that we have never been in before since the US has been a nation. We have a severe downturn in what is called money velocity. .....
Now, however, interest rates to banks are so low the central banks are actually paying banks to hold the currency the central banks are printing. This means they cannot cut interest rates to give an artificial stimulus to a very sick economy. They are out of tools to play with ....


Yes, I agree.

That's why I wrote that it's gotten too big -- " any return to a more sensible method of money management cannot undo the damage, it's grown too large. Reforms can put a few bandages on a bulging abscess, but it can't stop it from bursting and collapsing."

And when it does a severe form of "socialism" will prevail, as everyone will loose all their money, and the government will distribute regulated buying power based on a new currency.

What does it mean to us as Seventh-day Adventist Christians?

Re: Imminent financial crash ccoming [Re: dedication] #184381
07/06/17 11:15 PM
07/06/17 11:15 PM
G
Garywk  Offline OP
SDA
Active Member 2023

Veteran Member
Joined: Jul 2023
Posts: 982
Colville, Wa
Originally Posted By: dedication
Originally Posted By: Gary K



I agree that there have been voices of warning raised for a lot of years, but they have been voices crying in the wilderness. Nobody has really been listening.

That said, we are in an economic state that we have never been in before since the US has been a nation. We have a severe downturn in what is called money velocity. .....
Now, however, interest rates to banks are so low the central banks are actually paying banks to hold the currency the central banks are printing. This means they cannot cut interest rates to give an artificial stimulus to a very sick economy. They are out of tools to play with ....


Yes, I agree.

That's why I wrote that it's gotten too big -- " any return to a more sensible method of money management cannot undo the damage, it's grown too large. Reforms can put a few bandages on a bulging abscess, but it can't stop it from bursting and collapsing."

And when it does a severe form of "socialism" will prevail, as everyone will loose all their money, and the government will distribute regulated buying power based on a new currency.

What does it mean to us as Seventh-day Adventist Christians?





It means that some of the last prophecies of Ellen White about the end of time are being fulfilled before our very eyes.

One of the reasons I started studying political and economic theory was to be able to understand what is happening around me in the world. The deeper my understanding has gotten the more clearly the truths found in the Bible and Ellen White's writings become to me.

All truth is important. God, through Hosea, said His people are destroyed because of lack of knowledge. Why is that? Because if we are not knowledgeable about the sources from where the political and economic issues that affect us every day arise from, and what the real implications are of the things we can see, we cannot really understand what is happening in the world around us.

In many ways I think it is actually sinful not to understand what is going on. If we cannot explain it to the common man on the street in terms he hears and can understand outside of the what we know from the Bible and Ellen White, how can we ever get him to listen to those sources? We have to be able to get past his prejudices in the same way Jesus did, by pointing to the world around us and drawing lessons from that to illustrate divine truths.

Last edited by Gary K; 07/06/17 11:19 PM.
Re: Imminent financial crash ccoming [Re: ] #184383
07/07/17 03:44 AM
07/07/17 03:44 AM
dedication  Offline
Global Moderator
Supporting Member 2022

5500+ Member
Joined: Apr 2004
Posts: 6,411
Canada
Originally Posted By: Gary K

One of the reasons I started studying political and economic theory was to be able to understand what is happening around me in the world. The deeper my understanding has gotten the more clearly the truths found in the Bible and Ellen White's writings become to me.


Would you like to share some of these connected insights from the political/economic world that deepened understanding in Biblical and prophetic writings?

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