BP: The Coming Global Collapse

Bruce Porteus who attends with UCG and CGI sent me the following about his views of a coming economic collapse:

THE COMING GLOBAL ECONOMIC COLLAPSE

The global economy survived the crisis of 2008 by governments printing and borrowing money to prevent the collapse of the global banking system. While this has temporary saved the world from economic collapse at the time, nothing has been done to correct the problems that caused the crisis in the first place. As a consequences the world is now about to experience a far worse economic disaster than what caused the 2008 crisis.

The causes of the previous crisis were:

1.       Governments operating on large deficits financed with borrowed money.

2.       Large consumer debts financed by a highly liquid banking system.

3.       A shift of capital from investment in goods and services into speculative activities.

4.       An insolvent banking system

5.       A growing welfare budget to support an ageing population

6.       Governments draining the productive sectors of the economy to support regulatory environment to support their socialistic agendas, subsidies and military adventurism.

WHAT IS THE CURRENT SITUATION

As a result of governments printing money since the last crisis to purchase government debt and prop up an insolvent banking system, the world is now awash with liquidity. Yet this newly created money has not restored the global economy to health. Rather it created an economic time-bomb, waiting for the fuse to be lit. Many governments around the world are still suffering from:

1.       High unemployment

2.       Budget and current account deficits

3.       Low economic growth.

4.       Growing gulf between rich and poor.

5.       Unsustainable Government debt.

6.       Rising property prices

7.       Over investment into production, causing a collapse in commodity prices.

WHAT IS EXPECTED TO HAPPEN NEXT?

Sadly it will take another crisis to bring about the necessary changes.

Changes necessary will not be made unless governments are forced to give up their independence – they would rather resort to military conflict than give up their sovereignty to preserve the benefits of a privileged few in power than care for the welfare of their citizens.

Many economies are now in deep trouble. China has unsustainable local government and corporate debt. Japan’s government debt threatens the survival of theirs and the world’s economy. North America Government debt is now so large that the USA is technically bankrupt. The Russian economy is in danger of unravelling. Many EU countries are in a similar position. The world is sitting on a political and economic powder-keg.

Already we are seeing the growing threat in Asia, especially between China and Japan. In Europe the conflict between Russia and the EU could quickly evolve into a much large war. Meanwhile the USA and its allies continue to engage in conflict in the Middle East. These conflicts can only worsen.

The one nation that has opposed the print and borrow policies is Germany, but Germany cannot save the world alone. Chancellor Angelika Merkel acknowledges that the only solution of reviving the EU economy is by creating a Federal United States of Europe. The fear that unless Europe can form a Federal European Government, it will be unavoidable to save the EU economy from unravelling. A new Federal EU Government would take over the debts of member states, managed by single Central Bank and with the power to tax similar to the USA today. It is becoming clear that the UK will no longer be a part on this new EU Government.

This new Federal Europe would be dominated by Germany, the only nation with the economic power to bring about the changes, creating a new super-power that will have the economic muscle to bring out the reforms to restore a shattered global economy. It will be this new Global Super-Power which will have the capacity to restore a new world order.

CHANGES THAT NEED TO BE MADE TO SAVE A COLLAPSE

Governments cannot continue printing money without inflation eventually causing loss of value in the currency. No longer can economic growth be achieved with borrowed and printed money. Rather there needs to be drastic changes on how the global economy is managed. We now live in an inter-connected world where national boundaries are circumnavigated by multi-national corporations and money speculators. There needs to be a world government to oversee the management of the global economy.

The economic and social changes that will need to be made are:

1.       A single global currency

2.       One global taxation system – a flat tax system.

3.       Removal of trade tariffs allowing global free trade.

4.       Reform of the world’s banking system, directing capital into productive enterprises rather than speculation. To be monitored by the IMF.

5.       Land reform – property ownership rights protected.

6.       A common global legal system.

7.       Reform of state welfare system – reduction in the role of the State in providing welfare to what nations can afford.

8.       Management of the planet’s environment to prevent a break-down of the world’s eco-system.

Bruce Porteous

In my view, the only thing that can prevent a collapse of the USA dollar in the future is national repentance. Nothing else that will be attempted will otherwise change that. The climate will also not be saved without repentance.

I would add that I do not believe that there will be a one global taxation system in this age nor that a single global currency is the answer to the current economic problems.

That being said, the USA and various other governments have been printing excess amounts of currency. Because these currencies are backed by nothing tangible, the excess production dilutes the value of the respective currencies and is a modern form of ‘dross’ (a coin that is worth less than it appears because it is not pure silver or gold despite its outward appearance.

4 Take away the dross from silver (Proverbs 25:4a).

22 Your silver has become dross, Your wine mixed with water. (Isaiah 1:22)

25 I will turn My hand against you, And thoroughly purge away your dross, And take away all your alloy. (Isaiah 1:25)

18 “Son of man, the house of Israel has become dross to Me; they are all bronze, tin, iron, and lead, in the midst of a furnace; they have become dross from silver. 19 Therefore thus says the Lord God: ‘Because you have all become dross, therefore behold, I will gather you into the midst of Jerusalem. 20 As men gather silver, bronze, iron, lead, and tin into the midst of a furnace, to blow fire on it, to melt it; so I will gather you in My anger and in My fury, and I will leave you there and melt you. 21 Yes, I will gather you and blow on you with the fire of My wrath, and you shall be melted in its midst. 22 As silver is melted in the midst of a furnace, so shall you be melted in its midst; then you shall know that I, the Lord, have poured out My fury on you.’” (Ezekiel 22:18-22)

Although the Bible warns against using dross and diluting the money supply, modern ‘experts’ have a different view.

The wrong views on economics will lead to economic problems and ultimately the total crash of the dollar of the USA. Economic problems in Europe may well propel the rise of the Beast power that the Bible warns about.

Various ones have indicated that either late this year (watch Market Collapse then New World Order in 2015?) or sometime in 2015 (watch Project Prophecy: Economic Collapse Starting in 2015?) a major collapse will take place. A true collapse, however, will not occur until later. But one will come. Get your spiritual life in order so that you will be in a better position to face what will be coming.

Some items of possibly related interest may include:

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 in this video.
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? This is a video.
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.
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?
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?
WTO/TTIP and the Babylonian Beast Will international trade agreements like WTO/TTIP/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power.
Can those in the USA/UK see the Handwriting on the Wall? Is everything fine in the USA/UK or is it like the days of Noah? Can we learn from the handwriting that appeared on a wall thousands of years ago? Here is a link to a related YouTube video Can you see the ‘Handwriting on the Wall’?
When Will the Great Tribulation Begin? 2014, 2015, or 2016? 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 2014 o 2015? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
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.