World Now Headed Into Depression

Please remember...we are just posting headlines and commentaries from a whole bunch of different sources.  It is up to all of us to decide whether we are bullish on the economy for the next 30 years or if we are bearish on the economy in the next 3 weeks.

But as you all know, we are very interested in the all the EXTREME news that seems to be hitting the headlines for the past 5-6 years.  We do believe that all of the extremity is very likely the BIRTH PANGS that Jesus told us to watch for.

Here is another one today;

THE WORLD IS NOW HEADED INTO A DEPRESSION

“You’ve seen the releases from China, and now the Fed is feigning an interest in letting markets work.  I believe it’s because they have duped themselves into believing that all of the cocaine they have put the economy on, in order to put a floor under real estate and give a boost to equity markets, isn’t the reason why we have some semblance of growth in global GDP.

So they have now duped themselves into believing they can now remove that cocaine, and yet they think it won’t send us back to the same place where we were in December of 2007.  If the central bankers around the world see a deflationary depression taking hold of the economy, just as it did after Lehman Brothers collapsed in 2008, will they say after 5 years of manipulation of interest rates and markets that now is the time to accept that deflationary depression?  I don’t think so.

Once the economic news shows an increasingly negative trend, and it will, my guess is by the end of the year or by early 2014, they will once again admit the economy’s addiction to QE and manipulation of interest rates, and risk assets will once again be in vogue.”

 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/24_Michael_Pento_-_The_World_Is_Now_Headed_Into_A_Depression.html

 

The dude who said all this is a money manager and he goes on to say that he has been shorting the market with his client's money, meaning that he is positioning their money to MAKE MONEY when the markets go down.

 

Of course no one has any idea how long the markets are going to go down.  In fact the DOW is up 110 points as of noon today.  But what this guy says about the FED and their tactic of pumping money (Cocaine) into the economy to keep things going...all resonates with what we have been saying for the past months.  You simply can't do that forever.  At some point you have to stop feeding the markets cocaine and see if they can function all on their own without a drug induced high.

 

Some analysts think they will do just fine and that the FED deserves a pat on the back.

 

Others believe the markets will tank and lead us all into a new depression...the likes of which none of us has EVER seen before.

 

Just remember that regardless of what happens, we all need to have our firm foundation planted in Jesus Christ because I 100% guarantee that the world is going to continue to shudder as the Day of the Lord draws close.  Up will be down and down will be up, right will be wrong and wrong will be right.  We need to be anchored in the Word of God so that the winds, rain, earthquakes and storms will not wash us away from the Gospel.