IMF Warns of 2nd Great Depression

Here in America we are planning our $50,000 weddings, building our $750,000 homes, eating and drinking out at the thousands of new restaurants that spring up weekly, buying $70,000 trucks that get 15 miles per gallon and using them as commuter vehicles...and generally carrying on as if we haven't a care in the world!  "Why should I save any money or plan for the future?  We want it now and we'll just get some more stuff tomorrow!"

Have we totally forgotten what happened 10 years ago during the Great Recession?

Yep. Totally.

"Folks will be marrying, giving in marriage, eating, drinking, planting and building and they knew nothing of what was coming until destruction came upon them suddenly." (paraphrasing)

Many of you know who the International Monetary Fund is because they show up in the news when nations are nearing collapse.  They are the lender of last resort.  When a nation's central bank has failed...here comes the IMF.

So check out what the IMF recently said.

Why would the IMF use the phrase "a second Great Depression" in a report that they know the entire world will read?  To be more precise, the IMF stated that "large challenges loom for the global economy to prevent a second Great Depression".  

Are they saying that if we do not change our ways that we are going to be heading into a horrific economic depression?  Because if that is what they are trying to communicate, they would be exactly correct.  

At this moment, global debt levels are higher than they have ever been before in all of human history, and in their report the IMF specifically identified "global debt levels" as one of the key problems that could lead to "another financial meltdown"...

The world economy is at risk of another financial meltdown, following the failure of governments and regulators to push through all the reforms needed to protect the system from reckless behaviour, the International Monetary Fund has warned.

With global debt levels well above those at the time of the last crash in 2008, the risk remains that unregulated parts of the financial system could trigger a global panic, the Washington-based lender of last resort said.

And the IMF report also seemed to indicate that global central banks were responsible for the situation in which we now find ourselves.

In the report, an "extended period of ultralow interest rates" was blamed for "the build-up of financial vulnerabilities"...

The IMF Global Financial Stability report read: "The extended period of ultralow interest rates in advanced economies has contributed to the build-up of financial vulnerabilities.

"The large accumulation of public debt and the erosion of fiscal buffers in many economies following the crisis point to the urgency of rebuilding those defences to prepare for the next downturn."

This is extremely unusual language for a globalist institution such as the IMF to be using.

Are they trying to signal that a major global financial crisis is imminent?

Of course they would hardly be the first to sound the alarm.  Prominent names throughout the financial world are making all sorts of ominous declarations these days, and more red flags continue to pop up with each passing day.

For example, according to one analysis the global yield curve has gone negative for the first time since the last financial crisis, and this has created "the perfect cocktail" for a "liquidity crunch"...

Here; http://prophecynewswatch.com/article.cfm?recent_news_id=2621

As with anything that has timing involved, WE HAVE NO CLUE WHEN this might happen...but the Bible says that it will happen.

Could it happen before the rapture of the church?  For sure!

Could it happen after the rapture of the church?  For certain!

Jesus told John that in one hour the entire global system will come apart.  We know today that in order for that final system to be built...our current system has to be torn down.  And what nation on earth is the big dog of the entire global financial system?  Whose currency is the ONLY reserve currency used by the entire world?

Yep!  America!!

Revelation 18
⁹ “When the kings of the earth who committed adultery with her and shared her luxury see the smoke of her burning, they will weep and mourn over her. ¹⁰ Terrified at her torment, they will stand far off and cry:

“‘Woe! Woe to you, great city,
    you mighty city of Babylon!
In one hour your doom has come!’

¹¹ “The merchants of the earth will weep and mourn over her because no one buys their cargoes anymore— ¹² cargoes of gold, silver, precious stones and pearls; fine linen, purple, silk and scarlet cloth; every sort of citron wood, and articles of every kind made of ivory, costly wood, bronze, iron and marble; ¹³ cargoes of cinnamon and spice, of incense, myrrh and frankincense, of wine and olive oil, of fine flour and wheat; cattle and sheep; horses and carriages; and human beings sold as slaves.