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Today was no exception: according to the IIF's latest Global Debt Monitor, the amount of debt held in the world rose by the biggest amount in two years during the first quarter of 2018, when it grew by 8 trillion dollar to hit a new all-time high of 247 trillion dollar, up from 238 trillion as of Dec. 31, 2017 and up from by 30 trillion dollar from the end of 2016.
“After a little bit of a lull, the global economic crisis is back with a vengeance. Currencies are collapsing in Argentina, Brazil, India, Turkey and other emerging markets, stock market crash is taking place, and central banks are springing into action. It is being hoped that the financial chaos can be confined to emerging markets so that it will not spread to the United States and Europe to causing a major economic collapse and stock market crash. But of course the global financial system is more interconnected today than ever before, and a massive wave of debt defaults in emerging markets would inevitably have extremely serious consequences all over the planet.
It would be difficult to overstate the potential danger that this new economic crisis poses for all of us. Emerging market economies went on an unprecedented debt binge over the past decade, and a high percentage of those debts were denominated in U.S. dollars. As emerging market currencies collapse, it is going to become nearly impossible to service any debts denominated in U.S. dollars, and that could ultimately mean absolutely enormous losses for international lenders. Our system tends to do fairly well as long as everybody is paying their debts, but once the dominoes begin to tumble the next economic collapse will hit the World.
A global financial collapse has begun, but because it has not really affected the United States too much yet, the mainstream media and most Americans aren’t really paying any attention
But if the stock market crash will happen here too, then it will suddenly be all over the news.
Most people are aware that most of the biggest stock market crashes in U.S. history have happened in the fall. We have definitely entered a “danger zone”, and more shocks seem to hit the global economy with each passing day.”
TECH giants including Amazon, Tesla and Microsoft have experienced heavy losses as the American stock market nosedives.....
An Israeli Jewish fundamentalist group that received donations from the country’s defence minister has said that an end of times prophecy ushering Armageddon has been fulfilled following the birth of a “flawless” red heifer.
The Temple Institute, which promotes the construction of a third temple on the ruins of Al-Aqsa Mosque, has announced the birth of the first red calf in Israel for 200 year
A BIBLE prophecy predicting the End of Days is feared to come true after the first “red heifer in 2000 years” was born in Israel.
The Temple Institute in Jerusalem announced the calf’s birth on YouTube, saying it would undergo “extensive examination” to determine if it is red all over.
According to The Sun, if the female baby cow is found to be “blemish free”, the Institute will declare that the calf “brings the promise of reinstating Biblical purity to the world”.
In both Christianity and Judaism, the red heifer is central to the prediction about the “end of times”.
After sacrificing the red cow, construction can begin on the Third Temple in Jerusalem.
The Temple Institute and other groups worldwide were set up with the goal of building the Third Temple on Mount Moriah, or on the Temple Mount.
The red heifer (also known as the red cow) was a cow brought to priests for sacrifice in the Hebrew Bible. Jewish and Christian fundamentalists believe that once a red heifer is born they will be able to rebuild the Third Temple on the Temple Mount in Jerusalem. But in order to do this, they would have to demolish what stands on the hill today — the Dome of the Rock, an Islamic holy temple
In mainstream Orthodox Judaism, once the Temple is rebuilt the world will welcome the coming of the Jewish Messiah. Humanity will then face the Last Judgment. Everyone who was moral and believed in God will have the privilege of having their name written in the Book of Life. Everyone whose name isn’t in there will be “cast into the lake of fire” (Revelation 21:8)
But some theologians say the building of the Third Temple is linked to ‘Judgement Day’ or the “end of times”.
This apocalyptic event will bring what Christians call “the rapture” — where all Christian believers (living and dead) will rise into the sky and join Christ.
The fate of nonbelievers isn’t quite so promising. For them the rapture means everlasting punishment of their souls in hell.
Rabbi Chain Richman, director of the Institute, believes the time is ripe to build the Third Temple, following the birth of the red heifer.
HURRICANE Florence could intensify yet again with the monster storm on the brink of a Category 5, prompting evacuations of more than one million people in the US to higher ground.
originally posted by: trustmeimdoctor
Gee I never heard this before. A red heifer is super convincing.
The Temple Institute began its Raise a Red Heifer breeding program back in 2015 with the express goal of producing the heifer of prophecy
The group imported the frozen embryos of red Angus cows and implanted them in domestic Israeli cows. Red heifers have been born previously, but were disqualified for failing to meet all the prophetic requirements.
Are we entering the End Of Days
Traditionally bad things happen Market wise in the fall of the Northern Hemisphere
Dominoes falling spreading contagion to the greater economic community?
Flawless Red Heifer born
Fallout of Hurricane Florence affecting 1 million people – spooking US exchanges?
Coup trying to dump Trump in the US
Run for the Hills?
As this thread takes in a few areas all comments welcomed.
originally posted by: wylekat
a reply to: ketsuko
So I'd cross Florence off the list.
Depending on the actual carnage- I'll Let you know how bad it is- if power comes back on in a reasonable time. Right now, the thing is doing 140ish MPH winds.
The birds are extremely busy this morning- and I just get this gut feeling they are preparing to hunker in for the duration.
And in case you're wondering- we're *right* in the 'oh, sh*t' zone. Inland (220 miles), but the blotherdunker is going to pass right over us. *checks Accuweather* Oh. The 'oh, sh*t' zone is most of NC. We're really in the direct path.
Now, I have to do something I haven't ever done... go take pics of our stuff with the waterproof phone.