M&M sees economic danger and Fed’s Yellen sees global financial risks
Janet Yellen, Federal Reserve Chair
Mark Larson of Money and Markets (M&M) sees economic danger and says the “death of the American dream is coming”:
March 18, 2016
The wheels are coming off the economic cycle — central bank intervention or not.
That’s one of the conclusions of 209 fund managers who collectively handle almost $600 billion in assets. In the latest Bank of America Merrill Lynch monthly survey, a whopping 59% of those polled said we’re in the “late cycle” phase for the economy.
That’s the highest percentage going back to August 2008, as you can see in this chart:
What does that mean exactly? It means the economy is tired. Growth is on its last legs. Consumer and business sales momentum is slowing, while inventories are piling up and credit conditions are getting tighter.
It also means that more “financial engineering,” such as piling on more debt to fritter away on stock buybacks or M&A, is increasingly seen as a foolish strategy rather than a wise use of cash. …
The death of the American dream is coming. Nothing will ever be the same again for you or for your family. The America we know and love will be no more. The fallout of this historic event will be horrific for the unprepared. It will trigger all-out panic — first in the U.S. bond market … and later in the stock market. It will destroy millions of jobs … sentence most Americans to a “dark age” of depression and poverty … send gold and silver prices careening higher … and push the U.S. government to the brink of collapse. http://www.moneyandmarkets.com/wheels-coming-off-cycle-central-bank-intervention-not-76682
What ultimately is coming will be much worse than the “death of the American dream,” it will be the utter destruction of the United States of America (Daniel 11:39; Habakkuk 2:6-8).
Janet Yellen, the Chair of the Federal Reserve made some comments this week that she sees risks and seems to be backing off of previous comments to raise interest rates as she planned before for 2016:
March 17, 2016
By cutting the outlook for rate hikes this year, Fed Chair Janet Yellen just put a fire hose to the volatility, says one Wall Street strategist.
“I’m shocked by Wednesday’s statements and press conference because it’s much more dovish than the market was expecting and I think that’s going to keep the VIX at bay for now,” Larry McDonald, managing director and head of global macro strategy at ACG analytics, told CNBC’s “Trading Nation” on Wednesday.
In a news conference Wednesday afternoon Yellen said global economic and financial developments continue to pose risks to the U.S., and revised down her path for further interest rate increases.
“I think they have literally taken the fire hose out and kept it on, and I think that really shocked a lot of people,” added McDonald. http://www.cnbc.com/2016/03/16/yellen-just-gave-stocks-the-green-light-strategist.html
In the past, Janet Yellen has (correctly) stated that increasing artificially low interest rates sooner and gradually is less disruptive to the economy than abrupt rises.
Postponing the raising of rates will not stave off what will ultimately happen.
The USA has been playing financial games that will contribute to its destruction in the long-run. Artificially controlling interest rates (keeping them lower than what a market without government invention of false assets) makes most feel that the USA has its financial condition under control. But that is not the case.
Consider that:
In fiscal year 2015, the federal budget is $3.8 trillion. These trillions of dollars make up about 21 percent of the U.S. economy (https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ accessed 11/04/15)
The USA currently has over$19 trillion dollars in admitted debt and is heading towards $20 trillion with the latest budget deal that a Republican-controlled Congress and a Democrat president agreed to last Fall. Should interest rates ever rise above 19%, then the interest cost on the debt alone will equal the total of ALL expected US federal government spending.
While that may seem far fetched to some, the interest rates at some point in time will rise past that level and the USA dollar will be worth little more than the cotton-paper it is often printed on (much USA money is actually electronic only, and electronic entries at some point in time will have no particular value).
You might think, well, why don’t you use more historically likely rates, say 8%. Well at 8%, assuming a US$20 trillion debt, then just the payment of interest will be nearly one-half of all federal spending. And since it is not likely that the politicians will cut the other spending to compensate nor raise taxes even to cover it, we can properly conclude that the USA would then increase its total debt at an even higher clip.
Some voiced concerns that the US dollar would collapse or start to collapse in 2015 and some details are in the following relatively short videos:
Market Collapse then New World Order in 2015?
A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach?
Project Prophecy: Economic Collapse Starting in 2015?
Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse? Does anything he advises agree with Bible prophecy? What does the Bible show is coming? Does the Bible show a future collapse of the USA dollar? What about the Euro, silver, or gold? Dr. Thiel addresses these.
USA Ushering in the Collapse of its Currency This Year?
According to financial reporter Porter Stansberry, the USA is ushering in the collapse of the US dollar through its debt, regulations such as FATCA, and other policies. Porter Stansberry proposed that marshal law could be implemented in the USA. Is any of this possible? Will there end up being a collapse of the USA dollar? While parts of FATCA have been delayed, will the USA end up losing its economic dominance? What does Bible prophecy reveal?
While as I publicly stated last year, the USA dollar would not collapse in 2015, the USA has taken steps to encourage others in the world to look for a way to replace the USA dollar as the world’s primary reserve currency. The IMF formally announced late last year its plan to include China’s currency in the “basket of currencies” for its SDR (Special Drawing Rights) (see IMF adding China’s currency to its basket).
There will be ‘bumps in the economic road’ until the Europeans (Daniel 2:41-43) and others are able to replace the USA dollar. There even could be an extended time that the USA dollar will remain on top.
But that will change quickly.
Notice what the Bible prophesies:
3 For when they say, “Peace and safety!” then sudden destruction comes upon them, as labor pains upon a pregnant woman. And they shall not escape. 4 But you, brethren, are not in darkness, so that this Day should overtake you as a thief. (1 Thessalonians 5:3-4)
2 And the Lord answered me:
“Write the vision;
make it plain on tablets,
so he may run who reads it.
3 For still the vision awaits its appointed time;
it hastens to the end—it will not lie.
If it seems slow, wait for it;
it will surely come; it will not delay.4 “Behold, his soul is puffed up; it is not upright within him,
but the righteous shall live by his faith.5 “Moreover, wine is a traitor,
an arrogant man who is never at rest.
His greed is as wide as Sheol;
like death he has never enough.
He gathers for himself all nations
and collects as his own all peoples.”6 Shall not all these take up their taunt against him, with scoffing and riddles for him, and say,
“Woe to him who heaps up what is not his own—
for how long?—
and loads himself with pledges!”
7 Will not your debtors suddenly arise,
and those awake who will make you tremble?
Then you will be spoil for them.
8 Because you have plundered many nations,
all the remnant of the peoples shall plunder you,
for the blood of man and violence to the earth,
to cities and all who dwell in them. (Habakkuk 2:2-8; English Standard Version)
The arrogance of political leaders in increasing the debt will not happen forever. The USA is the most indebted nation in the history of humanity and those in it should try to understand this prophecy.
While Janet Yellen hopes that something like what Habakkuk 2:7-8 will not happen, it will come to pass. Her policies and pronouncements will NOT be able to save the USA financially.
Those who think the current world order with the USA’s dollar on top will last through the end of this century are in error.
Some items of possibly related interest include the following:
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
When Will the Great Tribulation Begin? 2016, 2017, or 2018? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2016 o 2017? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
Protestant and Church of God views of the United States in Bible Prophecy Is the USA mentioned in Bible prophecy? Some Protestants say yes, while others say no. What does the Bible really teach? Learn the truth about this. There is also a video available: Is The United States Mentioned In Bible Prophecy?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? Here is a link to a video titled: The Future King of the North.
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermon The Gospel of the Kingdom.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition. This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.
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