PCG: The Recession is Over?

This morning, PCG’s Stephen Flurry posted the following:

The Recession Is Over?

August 7, 2009

Uh—not exactly.

After narrowly averting economic Armageddon just a few months ago, the United States is now well on the road to recovery, influential voices are saying. “The Recession Is Over,” Newsweek trumpeted on one of its recent covers. The recovery may still feel like a recession, the article qualifies—but we can at least be heartened by the fact that we’ve reached bottom.

Commenting on the “turnaround” at a town hall meeting in Raleigh, North Carolina, last week, President Obama added (emphasis mine throughout),

We have stopped the free fall. The market is up and the financial system is no longer on the verge of collapse. … We’re losing jobs at half the rate we were when I took office six months ago. We just saw home prices rise for the first time in three years. So there’s no doubt that things have gotten better. We may be seeing the beginning of the end of the recession.

Stratfor’s take, also from last week, painted an even rosier picture, saying we are now “well past the worst of the current recession.”

This week, however, we were again smacked in the face by cold, hard reality. According to the Associated Press, even as President Obama and the Democratic-controlled Congress spend their way to stratospheric levels of debt, tax receipts are estimated to fall by 18 percent this year—the largest one-year drop since the Great Depression…

It’s taken just 200 days for the new president to double last year’s deficit. We are on pace for tacking on another $1.8 trillion in debt this year (not counting the additional debt accumulation disguised as “intragovernmental holdings”). We already owe trillions and trillions of dollars to creditors overseas. Add to that the tens of trillions more we’ve robbed from “trust” funds, like Social Security and Medicare.

Whether or not the USA recession is actually over or not, the reality is that the USA is heading towards a complete collapse of its economic system as well as its economic dominance of much of the world.

The Bible simply has too many warnings and prophecies about the Anglo-American peoples. Warnings that the Anglo-Americans have ignored (those on matters of morality and indebtedness come to immediate mind).

While there will be ups and downs in the USA economy, as LCG’s Roderick C. Meredith has publicly stated, the long-term trend for the USA and its dollar is down. And the USA and its Anglo-Allies (like the UK, Canada, Australia, and New Zealand) are headed towards destruction without national repentance.

Some articles of possibly related interest may include:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies 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?
Prophecies of Barack Obama? Eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. This article includes many biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests? This is the longest and most complete article on this page on Barack Obama prophecies. Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.