Did you know that 11 trillion
dollars in global stock market wealth was wiped out during the third quarter of
2015? When I was emailed this figure by a friend, I was stunned for a
moment. I knew that things were bad, but were they really this
bad? When I first received this information, I had just finished a
taping for a television show in which I had boldly declared that 5 trillion
dollars of stock market wealth had been wiped out around the world.
Unfortunately, the final number has turned out to be much larger than
that. Over the past three months, the stock markets of all major global
economies have been crashing simultaneously, and
11 trillion dollars of paper wealth has now completely
vanished. The following comes from Fortune
(Read More....)
A lot of people out there expected
something to happen in September that did not ultimately happen. There
were all kinds of wild theories floating around, and many of them had no basis
in reality whatsoever. But without a doubt, some very important things
did happen in September. As I warned about ahead of time, we are witnessing the most significant
global financial meltdown since the end of 2008. All of the largest stock
markets in the world are crashing simultaneously, and so far
the amount of wealth that has been wiped out worldwide is in excess of 5
trillion dollars. In addition to stocks, junk bonds are also
crashing, and Bank of America says that it is a slow
moving trainwreck that seems to be accelerating.
Thanks to the commodity price crash, many of the largest commodity traders on
the planet are now imploding. I wrote about the death spiral that has
gripped Glencore yesterday. On Tuesday, the stock price of the largest
commodity trader in Asia, the Noble Group, plummeted like a rock and commodity trading
giant Trafigura appears to be in worse
shape than either Glencore or the Noble Group. The total collapse of
any of them could easily be a bigger event than the implosion of Lehman
Brothers in 2008. So I honestly do not understand the nothing is
happening crowd. It takes ignorance on an almost unbelievable
level to try to claim that nothing is happening in the
financial world right now. (Read More....)
Are we about to witness the most
important global financial event since the collapse of Lehman Brothers in
2008? Glencore has been known as the largest commodities trading company
on the entire planet, and at one time it was ranked as the 10th biggest company
in the world. It is linked to trillions of dollars of
derivatives trades globally, and if the firm were to implode it would be a
financial disaster unlike anything that we have seen in Europe since the end of
World War II. Unfortunately, all signs are pointing to an inescapable
death spiral for Glencore at this point. The stock price was down nearly
30 percent on Monday, and overall Glencore stock has plunged nearly 80 percent
since May. There are certainly other candidates for the next
Lehman (Petrobras and Deutsche Bank being two perfect examples), but
Glencore has definitely surged to the front of the pack. Right now many
analysts are openly wondering if the firm will even be able to survive to the
end of next month. (Read More....)
Have
you heard of the global goals? If you havent heard of
them by now, rest assured that you will be hearing plenty about them in the
days ahead. On September 25th, the United Nations launched a set of 17
ambitious goals that it plans to achieve over the next 15 years. A new
website to promote this plan has been established, and you can find it right
here. The formal name of this new plan is the 2030 Agenda, but
those behind it decided that they needed something catchier when promoting
these ideas to the general population. The UN has stated that these new global
goals represent a new universal Agenda for
humanity. Virtually every nation on the planet has willingly signed on to
this new agenda, and you are expected to participate whether you like it or
not. (Read More....)
On Sunday night, we are going to
see something take place that only happens four or five times a century.
A lunar eclipse is going to occur while the moon is making its closest approach
to our planet. When this happens, the moon will temporarily appear to be
red as sunrises and sunsets all over the world are reflected off the surface of
the moon. This blood red supermoon has
created apocalyptic fears all over the globe, and many people have stocked up
on enormous amounts of food and supplies in anticipation of this event.
This particular blood moon is the fourth in a series of blood moons that have
fallen on Biblical festival days in 2014 and 2015, and this one will be clearly
visible from the city of Jerusalem. Personally, I do not know if
anything will or will not happen tonight or tomorrow. I want to
make that very clear. (Read More....)
You would think that the simultaneous crashing of all of the
largest stock markets around the world would be very big news. But so far
the mainstream media in the United States is treating it like it isnt really a
big deal. Over the last sixty days, we have witnessed the most
significant global stock market decline since the fall of 2008, and yet most
people still seem to think that this is just a temporary bump in the road and
that the bull market will soon resume. Hopefully they are right.
When the Dow Jones Industrial Average plummeted 777 points on September 29th,
2008 everyone freaked out and rightly so. But a stock market crash
doesnt have to be limited to a single day. Since the peak of the market
earlier this year, the Dow is down almost three times as much
as that 777 point crash back in 2008. Over the last sixty days, we have
seen the 8th largest single day stock market
crash in U.S. history on a point basis and the 10th largest single day stock market
crash in U.S. history on a point basis. You would think that this would
be enough to wake people up, but most Americans still dont seem very
alarmed. And of course what has happened to U.S. stocks so far is quite
mild compared to what has been going on in the rest of the world. (Read More....)
I
am mourning for America, because she is dying. I am mourning for a nation
that once knew such greatness but that has now fallen to depths that were once
unimaginable. I am mourning for the death and destruction that are
coming, and I am mourning for a future that our children and our grandchildren
will never get to see. I am mourning for a nation that has refused to listen
to the warnings and that now stands on the precipice of judgment. I am
mourning for games that will never be played, for books that will never be
finished, for family vacations that will never get to happen and for memories
that will never be made. I am mourning for the economic depression that
is coming, for the horror and suffering that friends and family will endure,
and for the coming death of the country where I drew my first breath. (Read More....)
Because
nothing happened in the days immediately following the start of the 70th
session of the UN General Assembly on September 15th, most people seem to think
that we are not going to see a UN resolution formally recognizing a Palestinian
state any time soon. But according to the Jerusalem Post, such a
resolution is still very much in play. France is still very much interested
in introducing such a resolution, but they are not going to do it unless they
have the support of the United States. In other words, the fate of a UN
resolution setting the parameters for a Palestinian state is in the hands of
Barack Obama. (Read More...)
Remarks made by Pope Francis at
St. Patricks
Cathedral in Manhattan have sparked a firestorm of criticism from those that do
not believe that Christians and Muslims worship the same God. Many have
taken the Popes remarks as a major step in the direction of a one
world religion, and the truth is that the Pope has made other such statements
in the past. In recent years, the theory that Christianity and Islam are
just two distinct paths to God among many others has rapidly gained traction
all over the planet. Some religious leaders have even gone so far as to
try to merge Islamic and Christian practices, and the term Chrislam is now often used to
describe this ecumenical movement. If all this sounds incredibly strange
to you, just keep reading, because this is just the tip of the iceberg. (Read More...)
One
of the biggest steps toward a one world government that we have ever seen is
happening this week, and yet barely anyone is even talking about it. In
fact, it is even being called a new universal Agenda for humanity.
Those are not my words those are the words that the United Nations is
using. If you dont believe this, just go look at
the official document for this new UN agenda. You wont have to read very
far. The phrase new universal Agenda is right near the end of
the preamble. Officially, the name of this ambitious new program is the 2030 Agenda, and it is being hyped
as a way to get the whole world to work together to make life better for all of
us. And a lot of the goals of this new agenda are very admirable.
For example, who wouldnt want to end global poverty? But as you look
deeper into what the UN is trying to do, you find some very disturbing things. (Read More...)
On September 28th, we will witness
the last of the four blood moons that fall on Biblical
festival dates during 2014 and 2015. This blood moon will be a supermoon and it will be clearly
visible from the city of Jerusalem. According to Google, a supermoon is the
coincidence of a full moon or a new moon with the closest approach the Moon
makes to the Earth on its elliptical orbit, resulting in the largest apparent
size of the lunar disk as seen from Earth.
In recent years, there have been some that have suggested that there is a link
between supermoons and increased seismic activity on our planet. But
others have written articles that claim to debunk this theory.
Personally, I have read what both sides of the argument have to say, and I do
not know which side of the argument is correct. But what I do know is
that seismic activity along the Ring of Fire has picked up dramatically in
recent years. (Read More...)
Over
the past year or so, there has been an unprecedented amount of buzz on the
Internet about the month of September 2015. And of all the days during
that month, no date has gotten more attention than the date of September
23rd. So precisely what will happen on September 23, 2015? Well, we
do know that it is Yom Kippur the most solemn of all the festival days that we
find in the Scriptures. September 23rd is also the last day of the
summer, and as I have discussed previously, it
is when Pope Francis will be arriving at the White House to meet with Barack
Obama. Other than that, I do not know of any specific major event that
either will or will not happen on that day, but I do believe that September
23rd is going to be extremely significant. (Read More...)
Is
it just me, or does our world seem to be getting stranger with each passing
day? As an attorney, I was trained to be level-headed and skeptical, and
in my writing I typically stick to facts that I can prove. But lately, a
whole lot of things have been happening that I dont have any rational
explanation for. Just look at what happened on Thursday. On the eve
of the 14th anniversary of 9/11, a double rainbow appeared over the site where
the World Trade Center towers once stood. Well discuss possible
meanings of that sign in a moment. On Friday, a massive bolt of lightning
caused a crane to collapse at the Grand Mosque in Mecca in Saudi Arabia.
At least 107 people were killed and at least 238 others were injured. It
turns out that this crane was owned by the Saudi Binladin Group. If that is a
coincidence, it is an awfully bizarre one. (Read More...)
Could
it be possible that we are living in the period of time that the Bible refers
to as the
last days?
And if so, what does that mean for our future? As we approach the final
months of 2015, it seems like more people are talking about apocalyptic
scenarios than ever before. The mainstream media is doing articles on end of the world fears, and it is being
reported that 41 percent of all Americans believe that
we
are living in what the Bible calls the last days. For those that
believe, the signs are everywhere geopolitical instability, moral decay, steadily
increasing numbers of natural disasters and a global financial system that could fall
apart at any moment. Others mock the idea that we could be living in the last days, and many of them point
to the amazing technological progress that humanity is making and the unprecedented
prosperity that we have been enjoying in recent times. If things are
actually getting
better,
they argue, then how could we possibly be living in the end times described in
the Bible? And of course atheists are convinced that God doesnt exist at all, and that
all of this apocalyptic talk is just a bunch of religious nonsense. So
what is the truth? (Read More...)
Christianity is being criminalized
in the United States. No, I am not talking about the kind of Christianity
that is so prevalent in America today where Christians just ignore what the
Bible says and do whatever they wanted to do in the first place anyway.
Rather, I am talking about the kind of faith that Kim Davis has demonstrated.
Christians all over this country are being put into positions where they must
choose to either submit to the new morality or potentially lose their jobs. For Kim Davis,
deciding to take a stand meant that she was thrown into prison. The
radical judge that threw her into prison has said that she will stay there
until she is willing to change her mind. (Read More...)
The Obama administration is
telling us that the unemployment rate in the United States has fallen to 5.1
percent, but does that number actually bear any resemblance to reality?
On Friday, news outlets all over America celebrated the fact that the U.S.
economy added 173,000 jobs in August. We were told that the unemployment
rate has fallen to a seven year low and that wages are going up. So
everything must be getting better for the middle class, right? After all,
isnt
that what the official numbers are telling us? (Read More...)