I had been actively involved the investment/insurance world professionally for a few years and when the 2008-2009 global financial crisis unwound it became a real WAKE UP CALL for me personally. I regularly went to investment conferences, tried to stay alert to the global markets daily and then the financial BOMB exploded and the market collapsed rapidly with over a 50% decline in just a few short months. It was stunning how quickly it all happened, and yes, there were a few warning signs in 2007 and 2008. But according to the top economists, fund managers, the majority of market experts and including Central Bankers ALL WAS WELL.
I also had the recent memory of tech market boom came back too me. The insane growth in the tech stocks in the late 1990’s which I participated in and then it to abruptly came the crash (over 50% decline in the stock markets and it was very scary). To be honest, I had no idea what I was doing at the time investing in tech stocks, nor did I understood the real risks. I ended up panicking and I sold my stocks at a great loss like millions of other people in North America’s.
But here I was again a short 9 years later with an even bigger market crash in the fall of 2008 (most people even today do not fully understand how serious that event was and how it almost destroyed the entire global financial markets and the credit system). Had there not been a coordinated global Central Bankers and Governments Intervention with TRILLIONS of dollars printed out of thin air, the system as we know it would have ceased to exist. This is when I began to do deeper research, and I did learn there were a few financial experts who saw the crisis coming and tried to warn people, but they were marginalized by the financial media and mostly ignored.
I made the decision I needed to understand for myself WHY we were having these crazy market crashes so frequently (on average every 7 to 8 years) and then learn how to be better prepared for my client’s sake and our own financial well-being. I began to diligently investigate, read and try to discern who where legitimate people I could trust. I began with experts like Harry Dent (one of the top demographic experts in the world) and then I read the Rich Dad series (Robert Kiyosaki) and my list of mentors grew to over 150 worldwide. Over the next ten years I studied 1 to 3 hours per day reading and listening to a broad range of financial experts who had 20, 30, 40 and even 50 years of experience in the financial trenches worldwide. Many of these are like the prophets of old who could see very clearly what was coming and tried to warn people. But, just like in Bible times the masses ignored their warnings to their own peril. This is still true today as many people chose to close their eyes to the serious problems that exist in the financial markets world-wide!
I believe 100% we are getting very close to another major market crash that will be far worse than 1999 and 2008 combined. If I was to summarize the reason for the next market crisis, after over 10,000 hours of studying the WORLD HAS TOO MUCH DEBT that can never be repaid. In my research I learned, that by 2000 all governments of the world had amassed 86 Trillion of debt and that is a staggering number. When the crash happened in 1999 central banks of the world cut interest rates to try to simulate growth. Unfortunately, governments, individuals and corporation went on a huge spending spree (borrowed money) which majorly contributed to the next crash in 2008 along with serious widespread white-collar crime in the housing markets and on Wall Street. By this time global governments had expanded their balance sheets (DEBT) to 150 trillion dollars. Wow, with this small increase of debt (sorry I am being sarcastic) and the entire credit markets froze up as no banks trusted each other and the entire system nearly imploded.
So, here we are in April of 2018 and the worldly Politician's have learned nothing and we are very close to 240 Trillion of government debts. This does not include unfunded or underfunded future liabilities of most global governments for Medicare, pensions and other contractual commitments. When you add unfunded liabilities of all governments, corporations, individual’s and the derivative DEBT the world owes over 2.5 Quadrillion dollars to bankers or banksters which is UNREPAYABLE and most of the debt will have to be DEFAULTED on. This is the reality we face with INTEREST RATES RISING and we have THREE MASSIVE BUBBLES (stocks, bonds and real-estate) and several experts I follow call it the EVERYTHING BUBBLE!
So how does this all fit in with Bible prophecy? The Bible clearly tells us before Jesus returns their will be the creation of a One World Government which will eventually be headed by the Antichrist (Revelations 13). But, to create a worldwide climate of desperation where people are willing to surrender National Sovereignty there will have to be an extraordinary calamity in our financial system. I believe this is coming soon! Gerald Celente one of the top future trends forecasters in the world often has said, “when all else fails they will take us to war” (meaning governments). When markets collapse over several years (stocks, bonds and real-estate globally) governments and bankers will not be able to solve the next crisis because it is far to BIG to BAILOUT (they will try numerous scams, bail into peoples bank accounts, lowering interest rates, MORE QE (quantitative easing) and financial engineering but these too will all fail). People will become desperate, most likely 100’s of millions of people will eventually lose their jobs, homes and the majority of their wealth. War will a be the distraction, people will be hungry and society will desperately look for anyone to help them. This will be a world-wide phenomenon.
The financial collapse will provide the perfect opportunity for the emergence of a TEN regional global government system as the solution to mankind’s self-inflicted wounds. Daniel the Prophet foresaw this as did the Apostle John on the Island of Patmos. Forsaking God and His standards is at the heart of this crisis. We are no better than the Roman Empire or all past Empires that have arisen. They destroyed themselves with their LUST for POWER, IDOLATRY, GREED, ENSLAVING other NATIONS, ENDLESS SELF INDULGENCE/PLEASURE, SEXUAL IMMORALITY and the LOVE OF VIOLENCE and MONEY. Truthfully, we will bring this crisis upon ourselves! As the Apostle Paul stated in Galatians, God is not mocked, what a man sows so shall he reap. If you sow according to the flesh you shall reap corruption”. Gal. 6: 7-8.
Yes, this is a VERY SOBERING topic, but you need to hear this message and hopefully take steps so to prepare your own heart. Firstly, with your walk with Jesus and then practically which I will cover in a future blog Lord willing. One of the financial experts I have followed for nearly a decade is Mike Maloney. Mike is the best-selling author of “Guide to Investing in Gold and Silver: Protect Your Financial Future”. This is an excellent book providing an accurate history of precious metals and why one should consider having some of their wealth diversified into both gold and silver. Mike is also a prolific speaker in high demand at financial conferences globally and a committed educator and producer of high quality video’s. I have included an excellent video link that Mike did in May 2017 that will help you in your own financial education and to understand the events that are soon to unfold. Enjoy it is only about 35 minutes:
I will continue the series next week Lord willing and help you understand why this next financial crisis will occur, and most likely how it will unfold. This will be a multi-year crisis and a very challenging time for the majority of humanity; but there are many things you can do in advance to prepare yourself, family and friends which I will share later in the series.
From a friend, Bill W…if you have found these studies insightful and encouraging pass them on to a friend! Maranatha…Our Lord, come!