China has devalued the yuan, and prices in U.S. malls will go down, woohoo! Or, why low prices are bad … in this case.
This is the fourth financial tidal I have catalogued over the past few months. To see the previous, click here.
I have no patience with the central bankers’ idiotic desire for inflation. I regard it as part of their fiat money fraud. So what about today’s cheap oil and copper and what-not? Isn’t that good?
It would be if it were the result of increased efficiencies and people were out happily buying stuff at great prices because they were earning money and had it to spend.
However, that’s not what’s happening – and there’s the rub. The low prices are the result of excessive debt and because of excessive debt all available money is siphoning off to the lenders. So on the one hand prices are low because no one has any money to spend. No one is spending any money.
On the other hand, and this is worse, the low prices are the result of excessive debt! Hahaha! “Didn’t he already say that?” Yes, but since China has cut loose and devalued its currency and so other nations – especially Asian nations – will have to do the same, the U.S. dollar is spiking. So now we add that due to excessive dollar-denominated debt held in countries all over the world countries all over the world have to pay more for dollars with which to make their monthly payments. It’s fire-sale time.
In other words prices are low because the world is burning its furniture to heat the house. Cases like this do not end well, and in this case low prices are not a good thing. China’s devaluation is really leading shock-wave of the developing world’s economic collapse. That is the current financial tidal wave.
What’s next? I hope not but I think it will be a worldwide financial collapse. It may take the form of David Wilkerson’s vision from the 1970s. We’ll see corporate bankruptcies of course and probably national defaults … and the banking system goes down. But if it is a la Wilkerson, here is how it goes (as per the ThePropheticYears website):
Very soon a European or North African or Eastern nation is going to default on its international loan and when that happens within two weeks Mexico is going to default. … About two weeks after the first country goes bankrupt we are going to survive that because most of that money is owed to European banks; German, Swiss and French banks. The 2nd country is going to go down probably Argentina or Brazil and we will kind of live that out and people will settle down and say “Well maybe its not going to hurt.” But two weeks after the first country goes down, Mexico is going to default on $100 billion. And When the banks open the next day at 9:00 am in the morning $15 billion an hour is going to be withdrawn from our American banks. They are going to be running our banks; the Arabs, all the Latin American countries. They are going to be running our banks – and before the day is over the United States is going to have to declare a bank holiday. And we are going into six months of the worst hell America has ever seen! There is going to be chaos! Not even the National Guard is going to be able to quiet it down. We are going to have to call out the whole United States Army.
Of course it may turn out differently. Don Koenig, of the above The Prophetic Years website says that many of Wilkerson’s visions did not come true. The above vision itself seems to be internally inconsistent. I’ll have to read more…
Posted here by https://icliks.wordpress.com
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