Note: A large earthquake hit off the coast of Japan on 5/30--see the San Andreas post for the updated info.
6/1: Update added at end of post.
Are you prepared for the financial
downturn? It’s been predicted for years by financial experts, and many are
wondering how the economy has stayed afloat so long. Unfortunately, even though
I cannot tell you exactly when it will occur, it is looking bleaker by the day.
There are any number of things that
could precipitate a large financial downturn such as; Greece defaulting on its
debt, a rise in interest rates, a terrorist attack, large earthquake, cyber
attack, etc.
Just how close are we to a large scale
downturn? Take a look at this article—it just about happened.
With the above as an
understanding, what happened last Wednesday night/Thursday morning in the wee
hours was terrifying. Globally the credit
markets began to melt down! This was a global event and almost ALL credits were
being sold.
Depending on the reality that you have
created for yourself you may or may not believe all of that, but many are
anticipating a major financial downturn in the near future. When it will occur,
I do not know, but I do know that eventually all the
financial downturns will lead to a worldwide financial collapse. The worldwide
financial collapse will occur, the Bible predicts it, and furthermore it says that
the collapse will occur BEFORE the rapture.
Here is the collapse;
5. And when he had opened the
third seal, I heard the third beast say, Come and see. And I beheld, and lo a
black horse; and he that sat on him had a pair of balances in his hand.
6. And I heard
a voice in the midst of the four beasts say, A measure of wheat for a penny,
and three measures of barley for a penny; and see thou hurt not the oil and the
wine. Rev 6:5,6
Here is the rapture;
12 And I beheld when he had
opened the sixth seal, and, lo, there was a great earthquake; and the sun became
black as sackcloth of hair, and the moon became as blood;
13 And the stars of heaven
fell unto the earth, even as a fig tree casteth her untimely figs, when she is
shaken of a mighty wind.
14 And the heaven departed as
a scroll when it is rolled together; and every mountain and island were moved
out of their places.
15 And the kings of the earth,
and the great men, and the rich men, and the chief captains, and the mighty
men, and every bondman, and every free man, hid themselves in the dens and in
the rocks of the mountains;
16 And said to the mountains
and rocks, Fall on us, and hide us from the face of him that sitteth on the
throne, and from the wrath of the Lamb:
17 For the great day of his
wrath is come; and who shall be able to stand? Rev 6:12-17
Put that into your reality and see what
you come up with. I come up with prepare. And spare me all the rhetoric about
just trust God. I know that, and I do trust God, but trusting God does not
negate preparing. Nor does Preparing negate trusting, it is a balance, you must do both.
Go to the ant, thou sluggard;
consider her ways, and be wise: Proverbs
6:6
So how can one prepare financially for financial
downturns and or a worldwide financial collapse? First off, I am not a financial advisor and none of this is to be
considered as financial advice. Always seek the advice of a trained
professional before making investment decisions—just make sure they understand
the reality of the world situation. Here is one such professional financial
investor that gets it. Note: I know nothing about this man, just happened to
run across his article.
Hopefully, you will be
one of the lucky few that joins the “new 1%” of the coming monetary age. And
also, they you recognize that the road to such “utopia” will be extremely
scary. Remember, gold and silver are not “investments” held with hopes of
“appreciation”; but to the contrary, the only time-honored methods of shielding
your savings, and insuring them from political, economic, and
financial cataclysm.
And here is another one;
-“The world economy is like
an ocean liner without lifeboats …” – HSBC
- Four areas of high risk
identified by HSBC
- Risk of stock market crash
- Pension funds and insurers
may not meet obligations
- Chinese recession may drag
U.S. into recession or depression
- Premature rate rise would
expose very fragile global economy
- “There aren’t enough
lifeboats to go round”
- Gold vital lifeboat when
global ship strikes iceberg
So I cannot tell you what to do to
prepare, but as you read above, many experts are telling people to own physical
gold and silver—they believe this will offer the best protection from a
dollar/currency collapse.
Some have raised the issue that maybe in
a collapse they will make gold and silver illegal to own just as like did in
the 30s. Yes, that is a possibility, but they did not make owning gold and
silver numismatic coins illegal. A recent Treasury document defines gold and
silver numismatic coins as having a value of at least twice that of the gold
and silver bullion value of the coin. In fact this is supposed to be the secret
investment of the rich and famous. You can read the details here;
Financial storms are coming and the
Bible says eventually a worldwide financial collapse is coming, and that it
will occur before the rapture. The only question is when. Are you ready? Go to the ant. I want to help
you prepare for the events that will occur at the end of the world. Please
accept my gift to you and download a FREE copy of my prophecy book The Coming
Epiphany today.
Good article. Another way for people to store money outside the USA is a Company called Anglo Far East. They have been interviewed by Rick Wiles and V the Guerrilla economist. Your gold is stored in vaults outside the USA and at anytime you can request a sale and within 24 hours funds in whatever currency you want are wired to the account you specify. As always, don't put all your eggs in one basket but it is a way for you (Joe Average) to internationalize and get some of those 'nest eggs' outside of US cleptocrat hands.
ReplyDeleteGood advice, I will have to check it out. I guess that would work as long as there is electricity and infrastructure that is functioning
DeleteAnother idea for cash is to adjust your US tax withholding from the usual 2 or 3 to 9 or 10. Less will be withheld from your paycheck and you will have more cash on hand. Good points: More cash on hand to purchase Gold and silver (silver preferably). Bad points: a big tax bill in April 2016. If you are thinking like me, chaos will rein in the USA or at least the US dollar will be devalued and you can use some of your 'much higher priced' gold & silver to pay the bill. Just an idea.
ReplyDeleteNot sure of the legality of that or if you would owe a tax penalty for not having enough taken out, but regardless, no one is sure when the system will collapse.
DeleteGold closed at 1190.49 (911; 49 = 13) - last call for buying Gold?
ReplyDeleteJune 5 might be the start?
Interesting indeed, THX for the info.
Delete