Tag: anxiety

Financial Crisis Deferred?

On By AdminIn Financial CrisisLeave a comment

A few weeks back, we posted an article summarizing the very real fears of the World Bank and IMF about the upcoming Federal Reserve interest rate rise.

Since then we have been tracking updates as it happened on this page

It seems that two of these potential flash-points have been deferred till December.

1. Interest rate hike – deferred till December

Why is the world so worried about an interest rate hike?

Since the 2008 global financial crisis, many central banks have pumped money into the economy to create economic stimulus. That economic stimulus has failed unlike past occasions, but in the process it has also created a great deal of “cheap debt” – lots of high risk loans that are dependent on a low interest rate.

The IMF is concerned that once the rate goes up, that defaults will begin to occur around the world, and particularly in emerging markets.

But the problems don’t stop there. The Telegraph explains more:

2. US Government Shutdown – deferred till November

Congress may have averted a government shutdown until December 11, but lawmakers will be under the gun to raise or suspend the debt ceiling long before then.

Treasury Secretary Jack Lew said Thursday he now estimates that “on or about” November 5, Treasury is likely to exhaust special accounting measures that are keeping the country’s debt below its legal limit.

At that point, the Treasury Department would only be able to pay the country’s bills with the cash it has on hand — which Lew expects to be roughly $30 billion.

And that would not be enough to cover the bills on some days, which can amount to $60 billion.

“We anticipate that our remaining cash would be depleted quickly,” Lew wrote in a letter to House Speaker John Boehner.

Lew stressed if that happens, it would be the first time in the country’s history that the United States could not meet all of its obligations.

“There is no way to predict the catastrophic damage that default would have on our economy and global financial markets,” he added.

 

Russia escalates the conflict in Syria

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Russia has just bombed CIA trained rebel camp:

Russian warplanes have bombed a camp run by rebels trained by the CIA in their second day of strikes. Read more here:

Russia has demanded that American warplanes exit Syrian airspace immediately:

The official said that Russian diplomats sent an official message to the US ordering American planes out of Syria, adding that Russian fighter jets were now flying over Syrian territory, according to the report.

US military sources told the news outlet that US planes would not comply with the Russian demand. Watch CNNs coverage here:

Iran Sends Troops for Mass Syrian Ground Offensive

Lebanese sources revealed on Thursday that hundreds of Iranian troops have entered Syria in the last ten days, and are planning a major ground offensive together with Syrian regime forces and Iran-proxy Hezbollah terrorists.

Reports that Putin will sideline the Syrian President

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Putins intentions are becoming clearer.

First he offers to secure Israel gas & oil assets, now he is more concerned for the Syrian people than he is the Syrian President.

Bloomberg reports that Putin working with power brokers (US & Saudis) to explore the option of sidelining the Syrian President.

If the report is true is this going to be a case of invasion via diplomacy?

Note in the article a killer phrase; “Putins WHIRLWIND diplomacy”.

Reminds me of Daniel 11: “and the king of the North shall come against him like a WHIRLWIND”.

Well this isn’t exactly an invasion but the infrastructure is being built in Syria for a rapid deployment if Putin needs it as reports have shown.

Click here to read the article:

Putin offers to guard Israel’s Oil & Gas Assets

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Speaking of Russia in the latter day, Ezekiel 38:8 says;

After many days thou shalt be visited: in the latter years thou shalt come into the land that is brought back from the sword, and is gathered out of many people, against the mountains of Israel, which have been always waste: but it is brought forth out of the nations, and they shall dwell safely all of them.

Thou shalt ascend and come like a storm, thou shalt be like a cloud to cover the land, thou, and all thy bands, and many people with thee.

Thus saith the Lord God; It shall also come to pass, that at the same time shall things come into thy mind, and thou shalt think an evil thought:

And thou shalt say, I will go up to the land of unwalled villages; I will go to them that are at rest, that dwell safely, all of them dwelling without walls, and having neither bars nor gates,

To take a spoil, and to take a prey; to turn thine hand upon the desolate places that are now inhabited, and upon the people that are gathered out of the nations, which have gotten cattle and goods, that dwell in the midst of the land.

~ Ezekiel 38

Ezekiel prophecies that at the same time that Russia comes down like a storm and invades the land, an evil thought will enter Russia’s mind and they will want to take a spoil from the land of Israel, and Egypt (Daniel 11:42)

The news today show that the seeds are being sown.

DebkaFile Reports:

More than a fortnight ago, Russian President Vladimir put a proposition to Israel for Moscow to undertake responsibility for guarding Israel’s Mediterranean gas fields, along with the offer of a Russian investment of $7-10 billion for developing Leviathan, the largest well, and building a pipeline to Turkey for exporting the gas to Europe, DEBKAfile reports.

A multibillion Russian investment in the field would make it a Russian project which neither Syria nor Hizballah would dare attack, even though it belongs to Israel.

But now the situation has assumed a different face. Russian forces are streaming to Latakia, and Moscow has declared the area from Tartous, Syria up to Cyprus closed to shipping and air traffic from Sept. 15 to Oct. 7 in view of a “military exercise including test firings of guided missiles” from Russian warships.

When he offered a shield for Israeli gas fields in late August, The Russian ruler knew that implementation would rest with Russian military forces on the spot, rather than Iranian and Syrian reluctance to harm Russian interests

Read more here:

World Bank Warns that the Fed is about to cause “Panic and Turmoil”

On By AdminIn Financial CrisisLeave a comment

The US Federal Reserve is likely to lift interest rates for the first time next week in almost 10 years.

However, both the IMF and the World Bank have been consistently warning the US Federal reserve against such a decision.

“the World Bank and IMF are urging the Fed not to raise rates until 2016 because the U.S. economy isn’t strong enough yet”

– CNN money

Today, the World Bank stepped up its rhetoric:

The Federal Reserve will cause “panic and turmoil” if it raises interest rates in the next few weeks, the World Bank’s chief economist has warned.

~ The Telegraph

It was during this time that the Central Bank of Central Banks (The BIS) had also warned that the world is defenseless against the next Financial Crisis:

Further to this, the leading financial markets news site in the US (Wall Street Journal) reported the following as the Greece crisis began to unfold a few months back:

“Talk to almost any banker, investor or hedge-fund manager today and one topic is likely to dominate the conversation: It isn’t Greece.

The fear is that a Fed rate increase could unleash such disruptions on a grand scale.”

~ Wall Street Journal

The picture couldn’t be clearer; this is an event that has had many people worried for many months.

Will there be turmoil and panic next week? We dont know.

Many US evangelical pastors have been warning of a Shemitah collapse. Whether a financial crisis does or doesn’t happen, we have little reason to believe that there is any scriptural precedent for applying the Shemitah cycle to the US instead of Israel as it was originally intended.

One thing is for sure, this month wont be lacking in financial crisis flash points. Here are at least two coming up in the next few weeks:

  • The Greek Prime Minister is up for re-election on the 20th of September. Polls suggest that he wont be voted in as originally expected which will put the latest round of bailouts under significant risk. This could also be a flash-point for significant change in the geopolitics of the Eurozone.
  • Remember the Government Shutdown of 2013? Well the US House of Representatives passed a bill a few years back to end the crisis temporarily until the 30th of September 2015. Once again, republicans are gearing up to see if they use a shutdown as political blackmail.

Other posts about a Financial Crisis: