Economic crisis is global; reaching critical mass

Mr. Obama, the economy is NOT doing well…anywhere!

recession-economy-3d-graphic-10169928

1/15/16 – The news is not getting any better for the economy.  Today the DOW plunged another 391 points wracking up a 1,437 point drop just in the first two weeks of the year.  The S&P lost 2.3%, and NASDAQ lost 2.7% to the lowest level since October 2014.

RBS just announced emergency advice to “sell everything” and buy any precious metals you can get your hands on as reported here on ShofarBlast.

Baltic Dry Index just reached its lowest point ever recorded.  Ever.

Did you know that shipping is in a major crisis?

Shipping Watch put it like this, “the crisis is really showing its teeth in several shipping segments…”

“Dry bulk shipping is in the throws of a generational recession,” said Ben Nolan of brokerage and investment bank Stifel. “The recovery in demand no longer appears to be a 2016 event and even 2017 is in question,” he said in a Reuters interview.

Shipping stops for the first time ever.  Jeff Berwick of The Dollar Vigilante wrote, “Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world.  He told me they had no ships at sea right now, because operating them meant running at a loss.

This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty.”

That means in a few months time there will be shortages of goods.

Walmart announced it will be closing 269 stores worldwide, 154 in the U.S. translating to 10,000 layoffs.

China had a monstrous crash.

Germany heads for a crash.

And the Euro is in trouble.

Oil slides below $30.

And the list goes on and on.

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And, China has been considering moving to a gold-standard.  TheStreet reports in June last year:

“Could gold, the world’s longest running currency be used to create a new order in global currencies? The Chinese central bank is said to be considering backing its yuan with the yellow metal.

This move, says Ken Hoffman, global head of metals and mining research for Bloomberg Intelligence, would be a “game changer.”

Why would China consider such a move? Hoffman explains that Chinese policy makers are already trying to establish the yuan as a reserve currency, and backing it with gold would help attract foreign capital.”

All of this means major shifts in the economic world.  The U.S. has been hobbling along, propped up with lies, propaganda trying to convince the sleeping public that the economy is doing well, and QE.  But, that cannot go on forever, and indeed, it seems we may be approaching the end of the road.

I can hear the flying monkeys screeching and circling overhead.

Remember the Wizard of Oz?  The scene when the house is up inside the tornado?  That is what is about to happen to us.  The house is about to be lifted off the foundation and flung through the air.  The foundation has been jack-hammered and ground into sand.  And it won’t be a soft landing.

I highly recommend you read this article, Shipping Said To Have Ceased…Is The Worldwide Economy Grinding to a Halt? by Jeff Berwick of The Dollar Vigilante.

Also read this article by ZeroHedge, “Nothing Is Moving;” Baltic Dry crashes as Insiders Warn, “Commerce Has Come To A Halt.

It’s also getting really dicey trying to get money out of your own bank account.  You will not be able to rely on that, especially if there is a Bail-In (That’s when the government takes your money).

Read this article, Why I’m Closing My Bank Accounts While I Still Can, from Capital Wave Strategist, Shah Gilani.

If you haven’t already listened to the warnings we’ve all been shouting for a couple of years now, you better stop what you’re doing right now and get your finances in order and get some emergency supplies of food and water.  Every portfolio should include some precious metals, in hand, not the paper gold scam.  Do what you can as quickly as you can and then fasten your seat belt.

Spiritually, you should have been listening to the warnings of all the watchmen on the wall, such as Rabbi Jonathan Cahn, who has been saying for a few years that we were reaching the tipping point and that a major change is coming; it came with the Shemitah.  If you haven’t listened, you need to adjust your hearing and repent for not listening to the warnings from the L_rd.

Listening to the voice of the Shepherd is a major part of being a mature Christian.  Get your ears tuned to His voice!  Repent for not listening!  He’s been warning you!  You need to be able to hear Him to get through the rough water ahead.

If you have listened and have already done as much as you can, stay on your knees.  This will be a rough ride.

Pray for our country that is so far down a hole that there is little hope of us emerging from this unscathed.  Pray for repentance in the U.S. and worldwide.  Pray for mercy.  Repent and repent and repent.  Stay in the Word.  Surround yourself with anointed worship such as this project from William McDowell which has consistently been one of the most viewed postings on this site, and Paul Wilbur.

Some worship videos are available below.

G_d’s desire is always repentance and the repair of the relationship.  The discipline seems to be not pleasant for a time, but it produces righteousness (“All discipline for the moment seems not to be joyful, but sorrowful; yet to those who have been trained by it, afterwards it yields the peaceful fruit of righteousness.”  Hebrews 12:11).  He will keep us in His hand through this.  He will send a mighty move of His Spirit but we must be obedient!

Every person reading this, you have been prayed for today.  Pray for everyone who views this site, for salvation, and for those who are saved but asleep to WAKE UP!  Share this site with others.

The time is so short!

Shalom.

-ShofarChic

READ MORE:

https://shofarblastblog.com/2016/01/12/sell-everything-2016-will-be-a-cataclysmic-year-warns-rbs/

http://www.theguardian.com/business/2016/jan/12/sell-everything-ahead-of-stock-market-crash-say-rbs-economists

http://www.breitbart.com/big-government/2016/01/15/walmart-closing-269-stores-worldwide-154-in-the-us-means-10000-layoffs/

http://www.theguardian.com/business/2016/jan/15/walmart-closing-store-employee-brazil

https://www.rt.com/shows/sophieco/315811-refugees-influx-german-economy/

http://www.theguardian.com/business/2016/jan/09/2016-world-tumbles-back-economic-crisis

http://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

http://money.cnn.com/2016/01/15/investing/stocks-markets-dow-china-oil/index.html

http://www.bloomberg.com/quote/BDIY:IND

Shipping Said to Have Ceased… Is the Worldwide Economy Grinding to a Halt?

http://af.reuters.com/article/commoditiesNews/idAFL8N14X2YE20160113

http://www.zerohedge.com/news/2016-01-11/nothing-moving-baltic-dry-crashes-insiders-warn-commerce-has-come-halt

http://www.thestreet.com/story/13199812/1/chinese-gold-standard-could-create-fireworks–bloomberg-intelligence.html

http://shippingwatch.com/Services/article8342113.ece

http://www.williammcdowellmusic.com/watch/

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SPONSORED BY:

Blanchard logoWayne Schmidt
Blanchard and Company, Inc.
888.559.2963

wdschmidt@blanchardgold.com
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