World Financial Crisis Looming!

Full article: http://www.guardian.co.uk/commentisfree/2011/aug/03/second-global-financial-c...

Hello friends. Today I prayed and ask God what should I do my next video on and the following words quickly came to my mind:

World Global Crisis.

I thought to myself, interesting and began to look for information that might fortell of a possible world crisis, as if we are not already in one, right?.

My first or second click after doing a Google search brought me to an article entitled,

"Are we heading for a second global crisis?" by Richard Murphy, from the UK.

I will of course as always place the link to this article for you in the more info section of this video.

I found Richard's article facinating particularly because of the way he describes what is causing and exacerbating our current world financial challenges.

His explanation reveals some things that I don't think the average person realizes.

Needless to say, if I am addressing this article on my channel, there are some bible connections and references regarding all of this. [pause]

Richard starts off his article by providing information pertaining to how the stock market negatively reacted after Barak Obama signed legislature allowing

the US to raise its debt ceiling.

After he shares information on the FTSE100 index, the Nikkei, etc., he then asked the question "But does that mean a new global financial crisis is likely?"

His answer is yes, but it's his reasoning that reveals what I believe some are unconsciously beginning to realize though they may never have heard it

explicitly put quite like this.

This is what Richard wrote in his article:

But does that mean a new global financial crisis is likely? My answer is a very simple "yes". And the reasons are not hard to find.

As I'm explaining in my forthcoming book -- The Courageous State -- there is a two-part economy in this world. There's the real one -- the one where you and I

live and meet our needs, make and sell things and which is the measure of real well-being.

Then there's the other one -- the feral one, if you like (feral as in wild and out of control) -- existing way beyond the limits of the real economy and only

loosely related to it, made up of the enormous financial balances denominated in cash of various sorts, existing only as entries in computer ledgers. Some of

these cash balances are backed up by supposed assets, which are at best legal claims on property which may or may not realise real worth, such as shares

(whose value usually have almost no direct bearing to the companies that lend them their names), property (which has been priced as a consequence beyond the

reach of the real economy) and more obscure derivative products, which few understand and which even fewer trade in ever larger amounts.

This feral economy represents the wealth quite deliberately extracted from the real economy by those who have exploited it over the last thirty years of

neoliberal domination by ensuring that the share of real wages in GDP has fallen from about 58% in 1980 to about 53% now with the cash they have extracted

being stashed as unproductive wealth (often offshore). That unproductive wealth, whether held as cash or placed in assets that have near liquidity such as

shares, property, derivatives, hedge fund and other portfolios, has had enormous consequences. There are many; let me just note two.


OK, my friends I will leave it to you to read the rest of the article to find out about the two consequences Richard discusses, but do take note what Richard

is essentially describing here is a real economy and a virtual economy and how the virtual economy is being manipulated to essentially steal money from the

real economy, thereby causing crisis. Crisis, which many of us non-elitist are feeling first hand.


Case and point, A large percentage of you watching this video right now have seen money that you thought had evaporate seemingly into thin air. I'm talking

about things like your 401k earnings and retirement plans, equity in your home, etc. Where did this money go? Did it magically leave the planet? [pause]

The virtual economy can also be viewed as the deceptive economy being controlled by those who deceive for the love of money, which is the root of all evil.

I believe those who are versed in the bible are beginning to see the connection.

The many signs that we have been seeing recently per bible scriptures is letting us know that our current corrupt age is coming to an end per bible

scriptures and our world will be purified in preparation for a new, better and just age. Amen!

Remember the bible saids that certain events must come to past before Christ's return!

Thanks for watching. Peace and Love!

Category:

Education

Tags:

• global crisis
• world crisis
• stock crisis
• stock market crash
• stocks
• investor
• gold
• dollar
• economic collapse

[gettingahandle]

someone's off his meds

[kingdomknowledge]

@gettingahandle Perhaps you are. :-) Why don't you make some videos and bring something to the table instead of roaming and criticizing others. If you are trying to get a handle as you name implies, you seem to have a long way to go. A four word comment is the best you can do? Why bother?

[chondram]

TY for your work...good vid! God Bless you!

[kingdomknowledge]

@chondram Thank you.

[ppdrawings]

Thanks for this very informative video bro!! It's so much going on that many people of God are not even recognizing. Keep watching and praying and stay strong unto the end.

[kingdomknowledge]

@ppdrawings Yes sir. It seems like a perfect storm is forming.

[ppdrawings]

@MsFreedom1974 Amen! Remember not to tell many people what your preparations are. There will be those who desire to take what you have when the time comes and they have not prepared themselves. Continue to do what you are doing in obeying God. Stay on one accord with your husband and family and always be prepared to walk away from anything and anybody that tries to get in the way of your obedience toward God. I thank God for you. Stay strong unto the end.

[MsFreedom1974]

@ppdrawings Thanks,for both U(kingdomknowledge) responsesWell,that does make so much sence.God gives us paths to avoid the drama. I told my husband to take all our money out of the banks,stocks and etc. I know something will arise and I feel it in the air and through God holyspirit. We r prepared with a year worth of food and we r now think of a home in the woods.When it gets bad so many will suffer,I forgot what verse,GOD said ppl will throw gold and silver in the streets bc it is worth nothing

[ppdrawings]

@MsFreedom1974 Many people miss miracles by having faith in something that God is not giving them 'faith' 'in'. In 1Kings Ch.17 When God had stopped the rain, He told Elijah to go dwell by and to drink water from the brook Cherith. After a while, the brook dried up! Then God sent Elijah to a widow woman to be helped. Even tho she was broke, obedience was the key!! What if He had kept faith in the dried up brook? (I have seen many people stay at the dried up brook when God is saying move on) :)

[kingdomknowledge]

Thanks for the compliment. I started this video early in the morning before the stock market opened. As I was finishing, the market was down more than 300 points.

Your husband should have listened to you. When the market closed it looked like it was still headed down. My guess is that it may go down more before it goes back up anytime soon.

This is a really tough call now. However, I believe Faith in God is always paramount. I will pray God give you guidance to make the right decision.