I guess its nearing the time when Gods words about catastrophic collapse are coming true…
Overall, there is about 190 trillion dollars of total debt on the planet. But global GDP is only about 70 trillion dollars. And the total notional value of all derivatives around the globe is somewhere between 600 trillion and 1500 trillion dollars. So we have a gigantic problem on our hands. The global financial system is a very shaky house of cards that has been constructed on a foundation of debt, leverage and incredibly risky derivatives. We are living in the greatest financial bubble in world history, and it isn’t going to take much to topple the entire thing. And when it falls, it is going to be the largest financial disaster in the history of the planet.
The global financial system is more interconnected today than ever before, and a crisis at one major bank or in one area of the world can spread at lightning speed. As I wrote about yesterday, the entire European banking system is leveraged 26 to 1 at this point. A decline in asset values of just 4 percent would totally wipe out the equity of many of those banks, and once a financial panic begins we could potentially see major financial institutions start to go down like dominoes.
We got a small taste of what that is like back in 2008, and it is inevitable that it will happen again. – Zero Hedge
So this is a good time to let you know that He says He will help us recover, but not into what we had before.
Just over a year ago I wrote about how to recover and I saved it as a draft
When He warned about 2008, He then helped us, but we didnt change, we continued on our previous course.
But this time the collapse is going to go all the way to the very bottom as scripture says…
Yet some gleanings will remain, as when an olive tree is beaten, leaving two or three olives on the topmost branches, four or five on the fruitful boughs,” declares the LORD, the God of Israel. Is 17:6
And our defiance of Him and His people and His ways was foretold… He said that we would resort to our own efforts to save ourselves rather than come to Him
They will spread out their hands in the thick of it, just as swimmers spread out their hands to swim, but the LORD will bring down their pride, together with the cleverness of their hands. – Is 25:11
But it wont work. It isnt working.
And then He will help us back up. But we wont be going back onto our previous course. The image I have had for many years – which I blogged and journalled – is of a Titanic sinking and everyone climbing into separate small boats.
As I blogged and journalked in 2008/9 that event was like an iceberg scraping the Titanic to divert our course. But we refused to listen. So now the Titanic will be sunk. For some readon the Im not aware of, our course was going to result in something far worse than the difficulty of a sinking Titanic.
But dont worry. We all climb into our small boats and kife goes on… but better than before. Because we are going to see marvelous things… Heaven on Earth. An end to sickness and death. Peace.
As surely as His words have all come true over these past few years, and now we are watching these words also come true, these words about Heaven on Earth and an end to sickness, pain and death are also certainly going to come true.
I dont want to speculate too much on WHAT those boats are, but Ive consistently felt that a big inflexible union is a bad move and (some form of) the “libertarian” approach where people have their God-given freedom restored to them (so they can live flexibly) is a good idea. This common sense applies to all large countries, they would all be better off splitting up and radically decentralising away from the center.
I understand that militaries work best when highly centralised and need to have secrecy about their actions… and satan also has these principles too as Saul D. Alinsky pointed out in his Rules for Radicals… success strategies which alarmingly so many current top political leaders have been trained in. Why oh why would you study and emulate the success strategies of the devil in a world where there is a God? Did it not occur to you that you would be taking sides… and the WRONG side?
But… moving on… people and countries need to have transparency, freedom, diversity and “loose coupling” to be able to adjust to ongoing changes and to be able to encourage creativity and growth.
But Im getting ahead of myself. Its too soon to be talking about recovery strategies because we are not there yet. We are facing something not seen before. It has to happen before we can talk about recovery.
Ive repeatedly invited political leadership to humble themselves and seek the help of Jesus Christ, because we cannot be saved by any other Name. Prayer is the key, which is why Ive blogged and journalled about creating a prayer center.
In the meantime, have faith and be encouraged that no matter how stressful this may feel, its for our good and we will eventually benefit from it.