Alittle more from Joel Joseph at thepropheticscroll.org. A ticking time bomb! Stories emerging from the US indicate “Multiple government agencies keeping records of every credit card transaction”. A little talked about horrific new EU plan makes every bank account in Europe open to a “Cypress-style wealth confiscation.” Since the Bernanke “tapering” statement, markets have dived and interest rates have gone ballistic. As rates rise, housing markets come under strain. Bond yields worldwide have recently gone more than ballistic. “The bond slaughter has begun,” says one respected financial publication. “The 30-year bond rally has suddenly come to an abrupt end”, says another. A huge time-bomb is close to going bang in the financial market of China. Their property bubble has been expanding fast. Short term rates rose from 4% to 25% in a day! Such an extreme move has never been seen before ever. This WILL all knock on the world’s banking system and create a new credit crisis...and it’s not far off! The commodity market has come close to wipe-out with gold crashing 25% from its recent high and all other commodities falling out of bed. Gold has been partially manipulated downwards. Past attempts have always failed. World GDP as a whole is not in recession yet, but has turned sharply down indicating a significant slow-down. Note that there are multiple major events on the go. We are close to a new world economic event!
Posted on: Sun, 30 Jun 2013 21:58:21 +0000
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