‘Trade war threat is now Wall Street’s top economic fear, survey says’
Current edition of Bible News Prophecy magazine
There are trade war concerns in the USA:
Trade war threat is now Wall Street’s top economic fear, survey says
March 20, 2018
Sparked by the Trump administration’s recent tariffs, nearly three-quarters of respondents to the CNBC Fed Survey say they are now worried about a trade war.
Protectionism tops the list of worries on Wall Street, the survey shows, far outpacing concerns over inflation, terrorism and even the Fed itself.
“The market has shifted from a fear of a monetary policy misstep, tightening too aggressively, to a trade policy mistake, escalating into a trade war with China,” Art Hogan, chief market strategist at B. Riley FBR, wrote in his response to the survey. “The balance of risk for equities has moved from the Fed to the White House.”
Added David Kotok, chairman and chief investment officer of Cumberland Advisors, “One man’s income is another man’s expenses. No one wins a trade war.”
President Donald Trump in recent weeks announced sweeping tariffs on steel and aluminum tariffs, and then exempted Canada and Mexico pending the outcome of talks on the North American Free Trade Agreement. The president has allowed for other exemptions, setting off a flurry of lobbying by countries and companies in the U.S. and abroad. The outcome of the exemption process is unclear so far.
Despite the exemptions, nearly two-thirds of the 40 survey respondents, including economists, fund managers and strategists, see the president’s trade policies as negative for overall economic growth, with 23 percent saying it’s too soon to tell. https://www.cnbc.com/2018/03/20/trade-war-threat-is-now-wall-streets-top-economic-fear-survey-says.html
The Europeans are also concerned:
March 20, 2018
Europe is worried that U.S. President Donald Trump’s tariffs on steel and aluminum are just the beginning.
The EU’s bigger fear is that Trump’s ultimate goal is to kill off the World Trade Organization and rip up the current rule book that underpins global trade networks. …
European trade officials argue that their American counterparts are sick of WTO judgments they think are too lenient toward China, and are now ready to take a sledgehammer to the whole system. …
To the Europeans, Trump is making a cynical calculation that the U.S. is the world’s No.1 economy and can outmuscle any opponent in a trade dispute, without the need for international arbitration. In a world that returns to the law of the jungle, Trump reckons he wins. …
Even the normally highly diplomatic European Commissioner for Trade Cecilia Malmström reckons that Trump is planning to take a wrecking ball to the system, and that it’s time for the EU and its allies to draw up a “Plan B.” …
Another senior trade diplomat said that behind the scenes, the EU and other countries are already acting. “Faced with the prospect of WTO dispute settlement crumbling, a large majority of members are already looking into a Plan B, some sort of ‘whatever it takes’ not to end up there.”
France last week emerged as a strong supporter of Malmström. Trade Secretary Lemoyne said he would push for the WTO to continue its work as a judge despite Trump’s opposition.
“It is necessary to think about all the forms of Plan B, which make it possible to maintain … a mechanism for those states that are in favor of having it. Because there is still a very strong majority of WTO countries that wish to continue to have this type of dispute settlement,” he said. https://www.politico.eu/article/wto-donald-trump-protectionism-brussels-fears-trump-wants-the-wto-to-fail/
Trade concerns are heating up.
Here is some of what I wrote in the Personal column of the January-March 2018 edition of Bible News Prophecy magazine:
The Church of God has warned about trade issues for decades. And in the past year, we have seen many developments that align with what we have been saying that Bible prophecy foretells.
Back in 1971, the late Pastor General of the old Worldwide Church of God Herbert W. Armstrong wrote the following:
Trade War Looming to Trigger World War III?
Either we start raising high tariff barriers against other countries, starting a TRADE WAR which in time will trigger the nuclear war that will DESTROY US – or, American workers are going to have to MEET the competition of the workers in other countries , by lowering living standards. Obviously American workers are not going to choose to do the latter. And if they don’t – well, THE HANDWRITING IS ON OUR NATIONAL WALL. (Armstrong HW. Trade War Looming to Trigger World War III? Plain Truth, March 1971)
And while his basic impression of timing was off it is correct that trade issues will be a factor that will trigger WWIII. A war that will be against the USA, Canada, and UK by a power that will reorganize (Revelation 17:12-13). A Europe that is angry at the UK for Brexit and one that is mad at the USA for a host of reasons (including decisions of its President Donald Trump and its Congress). …
Trade wars increase costs and international tensions.
It should also be noted that at least partially due to sanctions talk from US President Trump, in late 2017, China, Russia, and Venezuela took steps to move away from the US dollar as the world’s primary reserve currency. The eventual loss of the US dollar’s status as the world’s main reserve currency will harm the economy of the USA in many ways. While that is not going to happen in 2018, trade disputes/sanctions are pushing more of the world away from the US dollar.
Furthermore, with the vote in the United Kingdom to exit from the European Union (called Brexit) and the election of Donald Trump in the USA, this has caused a greater separation from Europe, and the USA and UK both are seeking greater trade ties with each other. Mexico is looking to Europe. Europe is looking to Latin America and Asia.
Notice an item from the German press:
Europe must be ready to find new economic partners in Asia when the president destroys the existing world economic order. (Riegert B. The EU has to stand up to Donald Trump. Deutsche Welle, January 31, 2017)
In a sense, this has happened. In 2017, European, and in particular German, leaders were actively courting trade as the USA dropped its participation in the Trans-Pacific Partnership agreement (TPP) and made took other steps against certain existing trade arrangements.
US President Trump’s statements to the United Nations about trade and “America first” on September 19, 2017, further told parts of the world that the US wants to change trade practices in ways that many nations do not believe will be beneficial—and this helps open the door for the European Union
Additionally, European leaders have stated that they no longer want ‘subservience’ to the USA and want to put “Europe first” (in contrast to the “America first” campaign slogan that Donald Trump has used). …
The Europeans warned that the US sanctions bill could lead to a trade war—a trade war some EU leaders claimed that Europe would win.
While nations do not normally economically ‘win’ a trade war, political leaders have found them helpful for a variety of reasons.
Trade issues are important and consistent with end time biblical prophecies.
Events in the USA and Europe are aligning with the understanding of biblical prophecy that we in the Continuing Church of God hold and teach.
We in the Continuing Church of God “have also a more sure word of prophecy; whereunto ye do well that ye take heed, as unto a light that shineth in a dark place, until the day dawn, and the day star arise in your hearts” (2 Peter 1:19, KJV).”
Yet, while trade will be a factor in what can be called World War III, this war will NOT be a potential conflict with North Korea, but with Europe. And the ‘shooting’ aspect of this is at least 4 years away (for some details, watch Can the Great Tribulation begin in 2018?).
As far as my own writings on trade go, notice the following two posts from 2013:
For at least two decades, I have believed that a split would happen between the USA and the Europeans partially because of how the Europeans will view how the USA handles/mishandles bilateral trade issues (USA debt, GMO foods, relative military decline of the USA, weather, etc. are likely to be other factors).
Thus, it is possible that a major trade deal will be the prelude for the disappointment to come. (Thiel B. Possible USA-EU trade deal: A prelude to the end? COGwriter, June 18, 2013)
Trade wars and other economic disagreements will be part of how European leaders will persuade many Europeans that the USA is not a friend, but an enemy. This is consistent with what I have been warning for years. …
The European Union is larger than the USA, generally has a total economic output greater than that of the USA, is (in some areas) becoming more technologically advanced than the USA, and can exert unique pressures on the USA. (Thiel B. EU Commissioner: USA espionage is for economic advantage, not terrorism. COGwriter, October 30, 2013)
Trade wars were a factor in Japan bombing the USA at Pearl Harbor and getting the USA into WWII.
Here is something from me a day before Donald Trump took office in 2017:
Trade wars have causalities and tariffs increase prices and can cause inflation.
Various nations will not like the policies that Donald Trump has advocated.
Trade wars have been listed as part of the Twelve ‘grey swan’ events to watch for in 2017?
Trade disputes are likely to be a factor that will lead to World War III. …
There is a cost to trade wars and tariffs. Those who think otherwise are fooling themselves. (Thiel B. ‘America’s Tariff Trouble’. COGwriter.com, January 19, 2017)
The Bible shows that Europe will dominate trade and world economy after it eliminates the USA (cf. Daniel 11:39; Revelation chapters 13, 17, 18).
Steps to make that happen are going on now!
The USA has upset the Europeans and many others. This, ultimately, will not end well for the USA.
Some items of possibly related interest may include:
Trade Wars: Are COG warnings coming to pass? Trade issues, tariffs, and talk of trade wars are in the news. Can trade wars lead to World War III like they did to World War II? Are the events going on with the USA, UK, Asia, and Europe consistent with warnings published by the true Church of God (COG) over the past several years and decades? Do Germany and China hope to take advantage of trade frictions involving the Trump Administration and the Trans-Pacific Partnership agreement? What about Mexico and South America? Does the Bible teach that Europe will become a major trading power? Will the final European Babylonian trading power be destroyed? Dr. Thiel addresses these issues and more in this video.
18 items to prophetically watch in 2018 Much is happening. Dr. Thiel points to 18 in this article. Here is a link to a related sermon: 18 items to prophetically watch in 2018.
Donald Trump and Mexico’s future Mexico has increasingly been in the news because of statements and policies of US President Donald Trump. Many in Mexico are not intending to sit back and accept whatever Donald Trump attempts to force them to do. What will happen to Mexico? Will it make trade deals with Europe? Will it ultimately go to was against the USA? Will the Mexican economy drop at times and then improve? Dr. Thiel answers these questions and more in this video.
US Dollar being challenged by Gold-Petro-Yuan The US dollar has been the world’s primary reserve currency for decades. Is this about to change? What is going on with the Chinese yuan and oil and gold? What do the BRICS nations want? What did Venezuela do? Do the Europeans want to dislodge the US dollar as the world’s primary reserve currency? Does US debt play any role? Does the Bible tell us what will happen to the USA and its dollar? What happens if the USA loses its status? Will gold outlast the US dollar? Dr. Thiel addresses those issues and more in this video.
Gentile Cryptocurrency Proposal Two Russian leaders have called for a BRICS-wide and/or EAEU-wide cryptocurrency. This is hoped to be used to replace the US dollar for international trade. BRICS stands for Brazil, Russia, India, China, and South Africa. The BRICS nations represent 3.6 billion people. The EAEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Will Gentiles rise up? Are there any prophetic ramifications of what these nations are looking to do? This is a video.
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?
Forbes’ Brexit Monster is the Beast of Revelation Various ones have been properly convinced that there is a plan for a European superstate. Forbes’ writer Tom Worstall wrote that the Brexit vote was about the United Kingdom “not joining the monster of the European Union to come.” The Bible tells of a Beast monster that will arise in the end times in Europe. Dr. Thiel cites news reports, as well as the Old and New Testaments, to show that the monster many fear will arise in Europe, despite the vote by the British to exit the European Union.
Post Brexit Prophecy On June 23, 2016, the voters of the United Kingdom of Great Britain and Northern Ireland (UK) chose to leave the European Union. Now with this BRitish EXIT (Brexit) vote, what is prophesied to happen to the UK? Will the UK do well or be taken over and made slaves? Dr. Thiel explains from biblical prophecies what is ahead for the UK, Europe, and even the USA, Canada, Australia, and New Zealand. This is a video.
How To Determine If Someone is a True Prophet of God There are many false prophets. How can Christians determine who is a true prophet? There is also a sermon-length video titled How to determine if someone is a true prophet of God. Here is a related link in Spanish/español: ¿Cómo determinar si alguien es un verdadero profeta de Dios?
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.
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.
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? 2026 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?
When Will the Great Tribulation Begin? 2018, 2019, or 2020? 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 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation begin in 2018?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
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.
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: Are Chinese threats against Australia for real?
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?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency.
Trump Presidency Magic 8 Ball or Bible Prophecy? BBC reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-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 Donald Trump and America’s Apocalypse-Kindle Edition.
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