Zero Hedge: “Back in the 1970’s as recession gripped the world for a decade, stocks stagnated and commodities crashed, investor Jim Rogers made a fortune. His understanding of markets, capital flows and timing is legendary.
As crisis struck in late 2008, he did it again, often recommending gold and silver to those looking for wealth preservation strategies – move that would have paid off multi-fold when precious metals hit all time highs in 2011. He warned that the crash would lead to massive job losses, dependence on government bailouts, and unprecedented central bank printing on a global scale.
Now, Rogers says that investors around the world are realizing that the jig is up. Stocks are over bloated and central banks will have little choice but to take action again. But this time, says Rogers in his latest interview with CrushTheStreet.com, there will be no stopping it and people all over the world are going to feel the pain, including in China and the United States.”
Opinion: The great QE (quantitative easing ) experiment has been going on since 2009. Massive amounts of money were created and injected into banks. Banks bought stocks, bonds, and real estate and a phony bull market began.
It is that simple and that crazy. The 2008 financial crisis was the fault of progressive government programs to make homes available to people that could not afford them. It literally brought down the global economy.
So instead of letting the economy slip into depression and correct naturally, the Keynesian academics that make up the Federal Reserve created a mountain of debt and bailed out “too big to fail” banks, insurance companies, and car manufacturers.
We have posted Jim Rogers’ opinions before, and while we agree with much of what he says, I can’t help but be reminded of the 2014 Ebola panic.
At that time, we opined that a global epidemic of apocalyptic proportions did not line up with Bible prophecy. Jesus gave us a chronology of events so that once they start, people that are still here can know what comes next.
Before the first 7 seal judgments begin, we are told that one of the seven churches (Revelation 3:10) would be spared the tribulation: “Because you have kept My command to persevere, I also will keep you from the hour of trial which shall come upon the whole world, to test those who dwell on the earth.” (“from” in Greek means “out of”)
That church (Philadelphia- Rev.3:7-13), corresponds perfectly with the only Christian denomination (Evangelical) that has supported Israel since it’s rebirth in 1948.
In Revelation 4:1, John is taken up (raptured) giving us the assurance that the church that has blessed Israel (Genesis 12:3) will be gone before the tribulation begins (Revelation 6:1-8).
- White Horse: Antichrist
- Red Horse: War
- Black Horse: Economic collapse, hyperinflation
- Pale Horse: Disease, pestilence, and wild beasts
While the global economy is being smothered by debt and may be in for a nasty correction in which we all could suffer, the big collapse of hyperinflation is not yet.
See Headline: Soviet Amerika? Florida City With Homosexual Commissioner Cracks Down on Churches” @ BPTnews.org