JR: THE GREAT DEPRESSION OF 2021
Jim Rickards posted the following:
THE GREAT DEPRESSION OF 2021
I’m holding in my hand an official government document that was not intended for public distribution… but it was released by the New York Times…
It’s the government plan to fight the coronavirus crisis… and in order to prepare for the worst, on page 4 it says in plain English that…
And I quote…
“A pandemic will last 18 months or longer and could include multiple waves of illness.”
If you’ve been following the news, you already know the markets are crashing and our economy has ground to a halt.
Which is why famous hedge fund Bill Ackman said…
“… America will end as we know it. Capitalism does not work in an 18-month shutdown.”
Look, I’m about to show you undeniable proof this current economic shutdown could trigger another Great Depression…
Something 10 times worse than what happened in 2008.
And that’s why I’m writing to you today…
Bank of America … warned all their clients with this urgent note:
“We are officially declaring that the economy has fallen into a recession… joining the rest of the world, and it is a deep plunge. Jobs will be lost, wealth will be destroyed and confidence depressed.”
But it’s about to get a lot worse…
Nouriel Roubini, an Economics professor at New York University who predicted the 2008 collapse, says:
“The risk of a new Great Depression, worse than the original, is rising by the day.” viewed 10/12/21 https://pro.rickardsreports.com/p/AWN_GreatDepression_0420/PAWNW405/Full?h=true
Something worse than the Great Depression is coming, but it is still not time for that.
Earlier this year, James (Jim) Rickards posted the following at his Daily Reckoning site:
Biden Will Face New Depression
During the worst full year of the Great Depression (1932), growth fell 12.9%. The year 2020 marks an historic and traumatic decline in growth of a kind only seen in the context of depression or war.
It is a New Great Depression.
So, what’s the outlook for 2021? A new recession will occur in the first quarter of 2021. In fact, the economy is likely headed into another technical recession right now, which would present the first double-dip recession since 1980-1981 when a second recession began (July 1981) almost exactly one year after the prior recession ended (July 1980).
The reason is the imposition of new lockdown requirements by governors in most major states. …
Biden supports the lockdowns despite scientific evidence that they don’t work to stop the spread of the virus. …
The Biden plan will not cause the recession; it’s already here. His plans will make thing worse and possibly extend the new recession into the second quarter as well. …
We cannot print our way out of a liquidity trap. We cannot spend our way out of a debt trap. Neither fiscal nor monetary policy will produce stimulus given current conditions of low velocity, high savings rates, high debt, high unemployment and new lockdowns.
The Fed and the Congress may try to stimulate the economy, but they will fail. 01/08/21 https://dailyreckoning.com/biden-will-face-new-depression/
Jim Rickards wrote in July of 2020 that he felt a recovery was a ways off:
Economy Won’t Recover Until 2023
The depth of the new depression is clear. What is unclear to most observers are the nature and timing of the recovery.
The answer is that high unemployment will persist for years, the U.S. will not regain 2019 output levels until 2022 and growth going forward will be even worse than the weakest-ever growth of the 2009–2020 recovery.
This may not be the end of the world, yet it is far worse than the most downbeat forecasts. ..
It would take the highest annual real growth in over 40 years, sustained for two consecutive years, to get close to 2019 output levels.
It’s far more realistic to assume real growth will be less than 10% per year. That puts the economy well into 2023 before reaching output levels last achieved in 2019.
This is the reality of this depression.
It’s not about continuously declining GDP. A depression is an initial collapse so large that even years of high growth won’t dig the economy out of its hole. …
There will be no V-shaped recovery. There are no green shoots despite what you hear on TV.
We’re in a new Great Depression and will remain so for years. 07/09/20 https://dailyreckoning.com/economy-wont-recover-until-2023/
We are not actually in a Great Depression.
The lockdowns and other COVID-blamed policies have encourage the US government and Federal Reserve to increase debt.
Increasing debt and decreasing production is not good for the USA dollar.
Having less goods and services produced is bad for the economy of the USA.
As some of us have been writing for much of the past year, this is not the way to deal with COVID-19 and it is causing damage and more of the same is risking making matters much worse.
We are seeing more and more inflation (see FAO: World food prices hit 10-year peak; CBS: “We haven’t seen anything yet”), and that is not a good thing (e.g. Isaiah 1:25; see also Inflation is a real threat).
While prophetically, the “Great Tribulation” (Matthew 24:21-22) cannot come in 2021, some version of a great depression as part of the prophesied “beginning of sorrows” may well take place soon.
The increasing of debt and certain other COVID policies has not been good for the USA–nor the rest of the world.
Some items of possibly related interest may include:
Fourth Horseman of the Apocalypse What is the pale horse of death and pestilences? What will it bring and when? Here is a link to a related sermon: Fourth Horseman, COVID, and the Rise of the Beast of Revelation. Some shorter related videos may include Amphibian Apocalypse: Threat to Humans? and Zombie Deer Disease is Here! Are the 10 Plagues on Egypt Coming? Here is a version of the article in Spanish: El cuarto jinete de Apocalipsis, el caballo pálido de muerte y pestilencia.
COVID 19 is NOT the End, but could it be TEOTWAWKI? The novel coronavirus called COVID-19 is wreaking havoc around the world. Many states of the USA as well as countries in Europe are on lockdown with shelter in place /shelter in residence requirements. In France, a form is required when you are not at your house. In Spain, drones are being used to warn people who are outside to got back to their homes–does that bring up feelings of ‘Big Brother’? Italy, France, and other areas are using police and/or military force to encourage people to stay inside. According to the Bible could this be the end? If not, what has to happen first? Have the second and third of the four horsemen of the Apocalypse started their ride? Could COVID-19 be the fourth horseman? Why or why not? Could we be seeing The End of the World as We Know It (TEOTWAWKI) like the R.E.M.’s 1987 single song discussed? Do Christians need to fear? What did Jesus teach? What did the Psalmist teach? This is a video. Here is a link to a version in the Spanish language: Corona 19 no es el final PERO es el TEOTWAWKI.
COVID-19 Leading to 666? The novel coronavirus of Wuhan, China fame, is now called COVID-19. It has also been called the ‘Coronapocalypse.’ Does COVID-19 have any prophetic ramifications? What did Jesus teach about pestilences and sorrows in the Olivet prophecy in Matthew 24? Could COVID-19 be the ride of the fourth horseman of the Apocalypse? Why was this type of disease expected according to the O. Here is a link to a version in the Spanish language: ld Testament prophecies in Deuteronomy and Leviticus? What has the US Centers for Disease Control warned about? What has the CDC reported about the flu? Were there lessons about fear and infections in the 2011 movie ‘Contagion’? Because of COVID-19, the World Health Organization (WHO), nation of Iran, and certain French locations are telling people not to use cash, but instead electronic forms of payment. The US Federal Reserve is now quarantining money repatriated from Asia to reduce the potential spread of the coronavirus on US currency bills. Is COVID-19 worse than we have been told or could this all be a ‘false flag’ event to encourage people to move towards a cashless society? If the thousands of deaths associated with COVID-19 are pushing parts of the world towards cashlessness, how much more likely will the ride of the fourth horseman and over a billion human deaths motivate people to move to making electronic payments that can be monitored? The Bible tells of a soon coming society that controls buying and selling to force allegiance to a coming European Beast power, known as 666 (Revelation 13:16-18). Does the ‘great tribulation’ begin before ride of the fourth horseman or with the opening of the fifth seal of Revelation 6? Do the words of Jesus helps us better understand the sequence of the four horsemen of the Apocalypse and the start of the Great Tribulation? Will the ride of the fourth horseman help lead to the rise of 666? Is that ride very close? Dr. Thiel addresses these issues and more in this video. Here is a link to a version in the Spanish language: El COVID-19 ¿Conduce al 666?
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. Here is a link to a related sermon: Physical preparedness for Christians.
21 items to prophetically watch in 2021 Much is happening. Dr. Thiel points to 21 items to watch (cf. Mark 13:37) in this article. Here is a link to a related sermon video: 21 Items to Watch in 2021.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.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? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
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? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2028 or or 2031 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
The Great Tribulation: What Happens First? What events have happened? What are some events that are now happening? And what events need to happen for the Great Tribulation to start? Here is a link to a related sermon video: Counting Down to the Great Tribulation.
When Will the Great Tribulation Begin? 2021, 2022, or 2023? 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 la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
Is a Great Reset Coming? Klaus Schwab of the World Economic Forum has proposed a societal change that has been basically endorsed by the Vatican and many world leaders. Does the Bible prophesy a major reset? Here is a link to a related video: Will there be a “Great Reset”?
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