Wealthy Americans Plan On Leaving After Election

 This headline was on Google News this morning.  They don’t want to leave for good, but they want options to get out.  If Trump wins by a narrow margin the Left could light cities on fire like they have in the past over George Floyd dying of a drug overdose and blaming police.  If Kamala wins by a narrow margin the Proud Boys and other right-wing militia types might say, “stolen again!  It’s time for a change.”  What would they do, I don’t know but unrest, no matter who wins, is certainly possible.

Another rumor is that Iran is planning a major attack before the election.  Might that affect things?  How about if China invades Taiwan this Monday or Tuesday?  

Of course I hope Trump wins by a landslide so no one can question if cheating took place.  But Trump is not going to fix America, only Jesus can do that.  But he might delay our collapse by a few years by not handing over our national sovereignty to globalists who seek a global government.

Pray, because this is a big one.  And don’t even consider not voting if you’re reading this.

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A growing number of wealthy Americans are making plans to leave the country in the run-up to Tuesday’s election, with many fearing political and social unrest regardless of who wins, according to immigration attorneys.

Attorneys and advisors to family offices and high-net-worth families said they’re seeing record demand from clients looking for second passports or long-term residencies abroad. While talk of moving overseas after an election is common, wealth advisors said this time many of the wealthy are already taking action.

“We’ve never seen demand like we see now,” said Dominic Volek, group head of private clients at Henley & Partners, which advises the wealthy on international migration.

Volek said that for the first time, wealthy Americans are far and away the company’s largest client base, accounting for 20% of its business, or more than any other nationality. He said the number of Americans making plans to move abroad is up at least 30% over last year.

David Lesperance, managing partner of Lesperance and Associates, the international tax and immigration firm, said the number of Americans hiring him for possible moves overseas has roughly tripled over last year.

A survey by Arton Capital, which advises the wealthy on immigration programs, found that 53% of American millionaires say they’re more likely to leave the U.S. after the election, no matter who wins. Younger millionaires were the most likely to leave, with 64% of millionaires between 18 and 29 saying they were “very interested” in seeking so-called golden visas through a residency-by-investment program overseas.

Granted, the interest in second passports or residencies has been rising steadily among the American rich since Covid-19. Whether it’s retiring to a warmer, cheaper country or being closer to family abroad, the wealthy have plenty of nonpolitical reasons to want to venture overseas.

The ultra-wealthy also increasingly see citizenship in one country as a concentrated personal and financial risk. Just as they diversify their investments, they’re now creating “passport portfolios” to hedge their country risk. Others want a non-U.S. passport in case they’re traveling to dangerous countries or regions hostile to the U.S.

https://www.cnbc.com/2024/11/01/wealthy-americans-plans-leaving-united-states.html

First Typhoon EVER After Mid October

 Typhoon “Kong-rey” made landfall along the coast of Taiwan’s Taitung County just after 05:00 UTC on Thursday, October 31, 2024, as the strongest typhoon to hit the island since 1996 and the first to hit the country after mid-October. Kong-rey brought wind gusts exceeding 260 km/h (162 mph) and heavy rainfall that claimed at least one life and knocked power out for over half a million homes. Around 500 flights have been canceled, schools and markets have been shut down, and over 8 000 were forced to evacuate their homes.

https://watchers.news/2024/10/31/kong-rey-taiwan-landfall-october-2024/

North Korea Tests ICBM With Longest Flight They’ve Had

 Well, isn’t this a pickle!  North Korea and their leader, who Trump calls Rocket Man, are back in the news in a big way.  They sent troops to fight with Russia near Ukraine and Russia might help them get a nuke screwed onto their ICBM (intercontinental ballistic missile) in exchange for their help!  Last week we read that NK blew up all of the roads and rails connecting them to South Korea, sending a strong message that peace is not likely much longer.  So here is just one other piece on the chess board of what the Bible would call the Last Days.  It seems like everyone is getting ready for war.

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SEOUL/TOKYO, Oct 31 (Reuters) - North Korea said it tested an intercontinental ballistic missile on Thursday, upgrading what it called the "world's most powerful strategic weapon", as Seoul warned Pyongyang could get missile technology from Russia for helping with the war in Ukraine.

North Korean leader Kim Jong Un said the test was a warning to enemies that have been threatening the country's security, KCNA state news agency said.

“The test-fire is an appropriate military action that fully meets the purpose of informing the rivals, who have intentionally escalated the regional situation and posed a threat to the security of our Republic recently, of our counteraction will," Kim was quoted as saying by KCNA.

The muscle-flexing comes amid international outcry and rising alarm over what the U.S. and others say is North Korea's deployment of 11,000 troops to Russia - 3,000 of them close to the western frontlines with Ukraine.

https://www.reuters.com/world/asia-pacific/north-korea-conducts-longest-icbm-test-amid-storm-over-troop-deployment-russia-2024-10-31/

95 Killed, Dozens Missing in Spain Flash Flood

Another day, another crazy weather event.  12 inches of rain in a few hours would require a deluge of water like none of us have seen.  The earth continues to groan as it anticipates its redemption…which will happen after the rapture, after the 70th Week of Daniel, when Christ returns to earth to set up His kingdom for 1000 years and sits on David’s throne in Jerusalem.

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At least 95 people have been killed by severe flash floods in Spain, according to authorities on Wednesday, as emergency responders scramble to find dozens of missing people.

In the worst-affected region of Valencia, 92 people were killed, according to Angel Victor Torres, Spain’s minister of territorial policy and democratic memory. Two others died in Castile-La-Mancha, and one person in Andalusia.

Several locations in southern and eastern Spain were hit with up to 12 inches of rain in just a few hours on Tuesday, in what marked the worst rainfall in Valencia in 28 years, according to state weather agency AEMET.

Emergency services in Valencia, the city of Malaga, and Castile-La-Mancha, among other regions, said they were still working on finding dozens of missing people.

Emiliano García-Page, president of Castile-La-Mancha’s regional government, compared the deluge to a levee breaking. “It’s not a rain pour, it was like a dam burst,” García-Page told Spain’s national broadcaster TVE. “People were calling [emergency numbers] crying, asking for help and it was almost impossible to reach them.”

The badly hit Valencia region was thrown into a state of chaos, with most highways becoming completely unusable on Tuesday night and Wednesday morning. Vehicles that had been left abandoned in traffic were picked up by the water and moved around.

 https://www.cnn.com/2024/10/30/europe/spain-flash-floods-intl/index.html

Alarming Signals Pointing to the Collapse of US Dollar

 Here is just one more prophetic headline that speaks of the US Dollar collapsing.  As the book of Daniel says, "the writing is on the wall."  Of course we know this is going to happen but only God knows the timing.

As America's debt grows unchecked, the question isn't so much whether the U.S. dollar will falter but when. Seven key indicators signal trouble, painting a picture that suggests the dollar's days as the world's primary currency may be numbered. 

And yet, the troubling debt spiral unfolding before our eyes receives little more than passing concern from leaders and policy shapers. The consequences of ignoring these signals could be catastrophic.

1. Federal Budget Deficits - A Debt-Fueled Spiral

One of the clearest signs of economic instability is the massive federal budget deficit. Despite optimistic projections that rely on implausibly smooth conditions--no wars, recessions, or emergencies--U.S. debt is projected to grow by $22 trillion over the next decade. With each economic shock or policy shift, these optimistic estimates become even less realistic. The American government, it seems, has become so comfortable borrowing that repaying this debt is an afterthought.

Such soaring deficits can destabilize the dollar by making it less attractive to foreign investors, especially as interest on this debt crowds out critical public spending. The most disturbing aspect of these projections is the near certainty that deficits will only accelerate over time, locking the U.S. into a vicious cycle of borrowing.

2. The Ballooning Federal Debt

Federal debt now stands at $35 trillion, exceeding 123% of the nation's GDP, a staggering burden for any economy. The government's addiction to spending has become so extreme that, contrary to logic, government expenditure is counted as a "positive" in GDP. 

In reality, government spending on interest payments and debt-financed projects only deepens America's financial vulnerability. The real economy supporting the debt--the economy of workers, businesses, and production--is already strained under the weight of this spending spree. And as this cycle continues, the true strength of the economy, relative to debt, is much weaker than headline figures suggest.

3. The Exploding Federal Interest Expense

The cost of servicing America's debt is surpassing $1 trillion annually, exceeding all other expenditures, including national defense. This reality should be a wake-up call: the U.S. is heading toward a future in which its largest expenditure isn't education, health, or infrastructure--it's debt interest. Even more alarming, the government is on the brink of spending more on debt than on Social Security, a pillar of American society.

When interest payments alone begin to dwarf federal spending on social programs, the consequences can be extreme. The government may find itself in a fiscal bind, with fewer funds for essential programs and a growing need to placate creditors. This can create a perception of financial instability, further weakening the dollar's appeal.

4. The Federal Funds Rate and the Struggle with Inflation

In a desperate attempt to curb inflation in 2022, the Federal Reserve embarked on one of its steepest rate-hiking cycles in recent history, moving from near-zero rates to over 5% in just 18 months. But this monetary medicine came with consequences: as rates rose, the government's interest burden exploded, forcing the Fed back to rate cuts. The inability to sustain higher rates, even when inflation persists, suggests that the U.S. economy is no longer resilient enough to weather the fallout from responsible monetary policy.

This cycle of low rates followed by frantic hikes and cuts only makes inflation harder to control, creating a volatile environment that could further erode confidence in the dollar.

5. Money Supply and Currency Debasement

The Fed's tools of "currency debasement and gaslighting," as critics would say, are thinly veiled attempts to inflate the money supply in a bid to control debt interest costs. When money is created "out of thin air" to buy up government bonds, inflation inevitably follows, eroding purchasing power and widening inequality. The result is a world where many Americans struggle to stay afloat financially, watching as their real wealth erodes amid skyrocketing prices and stagnant wages.

Those whose wealth hasn't grown by at least 37% since 2020 may already be falling behind, losing ground in an economy that penalizes prudent saving and rewards speculative investment.

Here;  The Alarming Signals Pointing To A Potential Collapse Of The U.S. Dollar

We've said it 100 times over the past 15 years, EVERY CURRENCY based on faith and confidence fails.  History shows us that.  The government that is strong enough to convince it's citizens that faith and confidence is all that's needed will one day not be strong enough to keep up that faith and confidence.  

When politicians realize they can pay for things by printing/borrowing money at very low interest rates, the temptation to keep doing that over and over again ultimately leads us into a debt spiral.  Sadly, we seem to be there.  The interest on our debt will now be bigger than all other government spending.  And when investors start to realize that they will demand higher interest rates in order to stay invested in those government bonds.  And if the government doesn't have enough money to pay 4% on $35 trillion in debt just imagine how fast the cookie crumbles if they are forced to pay 8% then 9% then 10%.

We sincerely hope that Jesus is coming soon so that we don't have to be around here to witness this collapse...because it will be pretty scary and really painful.

Gold at Another Record High

 Huge money printing is coming.  Gold is going up because of what everyone can see.  But would Trump or Kamala have a bigger deficit if elected?  This analyst thinks Trump will be twice as bad if elected.  We’ve said it for some time now, a politician in America can’t be elected unless he promises free stuff, lower taxes, etc…. All of which ad to the deficit and bring us closer to financial collapse.

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Gold is maintaining its strength despite rising U.S. Treasury yields and slightly easing geopolitical tensions, with the driving force for gold tied to bets on a potential Trump victory in the presidential election, Pepperstone strategist Dilin Wu says.

The analyst noted the "alarming" U.S. fiscal situation, with the deficit hitting $1.8T for the fiscal year ending in September; while both presidential candidates are touting expansionary fiscal policies, Wu says a sweep for Trump could see U.S. debt skyrocket by $7.5T over the next decade, more than double the $3.5T forecast under a potential Harris administration.

Given the "Trump trade," the path of least resistance for gold seems to be upward, according to Wu.

https://seekingalpha.com/news/4221565-gold-futures-hit-new-record-high-analyst-sees-trump-trade-pointing-to-surging-us-debt

Federal Reserve Talks of Banning or Taxing Bitcoin

 I’ve said it all along;  the governments of the world will NOT ALLOW crypto currency forever.  They simply can’t allow another currency that they have no control of.  Remember in 1933 when the US Government made it illegal to own silver or gold?  USA is now spending $1 trillion every hundred days.  The price of gold and crypto is soaring as investors realize that the government is going to be forced to print more money…which makes the existing money in our pockets worth less.  If they keep printing at the current rate they will make the dollar worthless.  If Jesus tarries I believe we will see the collapse of it all.  Faith and confidence in the paper dollar will vanish…we just don’t know when.

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The bitcoin price has soared back toward its all-time high of just over $70,000 per bitcoin, boosted by former U.S. president Donald Trump's crypto bombshell.

Now, as Wall Street giant JPMorgan issues a huge bitcoin price prediction, the Federal Reserve and the European Central Bank (ECB) have each published papers "attacking" bitcoin—branded a "declaration of war."

The Federal Reserve Bank of Minneapolis has published a paper this week arguing bitcoin and similar assets could be taxed or banned to help governments maintain deficits.

The bitcoin price has surged along with the price of gold this year as investors bet higher interest rates combined with a huge increase in deficits will create a feedback loop, forcing governments to print more money.

U.S. national debt has skyrocketed in recent years, crossing the $34 trillion mark at the beginning of 2024, largely due to Covid and lockdown stimulus measures that sent inflation spiraling out of control and forced the Federal Reserve to hike interest rates at a historical clip.

https://www.forbes.com/sites/digital-assets/2024/10/25/a-declaration-of-war-fed-and-ecb-plot-to-tax-or-ban-bitcoin-and-use-price-gains-to-escape-357-trillion-doom-loop/

There is No Money. Cuba Fears Total Collapse

 Cuba has been a wreck since Communism and its corresponding corruption took over.  A headline like this is prophetic because no country on earth is immune.  One day the headline could read, “America has no money and fears total collapse.”  If printing money could fix things, then why doesn’t Cuba just print more and use it to pay all their bills?  They relied on Russia and Venezuela to keep their broken system up and running and then Venezuela collapsed and Russia has more serious issues on its hands than floating Cuba.

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Maria Elena Cárdenas is 76 and lives in a municipal shelter on Amargura Street in Havana’s colonial old town. The building has an elegant past, but for the last few days Maria has been cooking with sticks she had found on the street.

“You know, we Cubans manage the best we can,” she said. She lives in the shelter because her home collapsed, a regular occurrence in the poorest, oldest parts of the beautiful city.

Cuba’s government has spent the last days attempting to get the island’s national grid functioning after repeated island-wide blackouts. Without power, sleep becomes difficult in the heat, food spoils and the water supply fails.

“Cubans have a cheerful idiosyncrasy,” said Julio César Rodríguez, 52. “Even when things are bad we laugh. But this is really bad.”

This current crisis began on 17 October, when an order went out for all non-essential state workers to go home.

The effort to save power didn’t save the system, and a day later, the island went dark. Antonio Guiteras, one of the main power stations, shut down, crashing all the other big generating stations in the system.

“It’s very hard to restart a power station,” said a retired engineer from Antonio Guiteras, who asked to remain anonymous. “You need to produce a lot of electricity just to get it going.”

Antonio Guiteras was built in 1989, and is now battered and obsolete. “The truth is that it was built rotten,” said the engineer. He told harrowing stories of working with faulty safety equipment, political management who would disappear when problems arose and a system long pushed to its limit.

“There was a scheduled maintenance programme, but it was never followed,” he said. “The requirements were too tight. We were told: ‘The factory has to produce, so patch it up.’”

The government acknowledges the parlous state of its system, blaming the 62-year old-trade embargo imposed by the United States. President Miguel Díaz-Canel said “financial and energy persecution” made it difficult to “import fuel and other resources necessary”.

For most of its existence, Cuba’s government has relied on the largesse of allies – first Russia and then Venezuela. But those countries, facing their own difficulties, have cut supplies heavily. “It’s like trying to keep a sinking ship afloat with corks,” said one European diplomat.

In a televised address, Cuba’s prime minister, Manuel Marrero, said the emerging private sector would have to pay more for its power, while the government looks to renewables to secure its future energy needs.

The island is blessed by sunshine, but the multiple attempts to start solar projects have nearly all failed when the companies involved failed to get paid. “The government isn’t stupid,” said a foreign businessman. “But there is no money.”

https://www.theguardian.com/world/2024/oct/26/cuba-power-grid-failure-financial-crisis

NASA Confirms Date for End of the World

A headline like this simply has to be blogged!  I found it on Google News this morning.

Global warming, climate change and energy burning will turn the earth in a “great ball of fire”, according to Stephen Hawking.

What’s super interesting is that Stephen is not a Bible believer.  He’s dead now but was far, far from being a professing follower of Christ.  And yet he confirms what Peter said 2000 years ago “the heavens and earth are reserved for fire”.  At the end of the 1000 Year Reign of Christ on earth, the world will be burned up and a new heavens and new earth will be made.  So Hawking said it would happen in the next 600 years but he’s off by at least 400 years.  Also he has no understanding that Jesus is coming back to rule and reign on David’s throne for 1000 years.

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It is one of the questions that arouses the most interest in human beings. Many have the need to know how long we will live on Earth and why the world will end, if at some point this happens. For now, only certain experts have dared to give an answer, as theories from societies such as the Mayans always end up failing.

One of those who predicted when the end of the world would occur was Stephen Hawking. The physicist warned in the documentary 'The Search for a New Earth' that humanity will be able to dispose of this planet until the year 2600, as it will then become "a gigantic ball of fire". Among the reasons that lead him to lean towards this idea are global warming, climate change and the greenhouse effect. Stephen Hawking points to them as the main culprits for the disappearance of the Earth.

If that were not enough, NASA has confirmed this theory. It is true that the aerospace organization does not give a specific date to pinpoint the end of the world, but it does say that if human beings continue at this rate of depleting energy resources, they will bring about their end sooner than many expect. If urgent action is not taken, the disappearance of our planet will be inevitable.

For this reason, NASA continues its prevention programs to take care of our planet from within, but also from space. In recent years, it has created a new program that allows it to identify potential threats to Earth such as an asteroid impact. It also continuously studies climate change to mitigate it and allocate resources to Earth observation.

https://www.marca.com/en/lifestyle/fitness/2024/10/25/671b8af246163f0d718b4596.html