Musical Chairs, Economic Busts

[WilliamL]

[i was trying to set this up as a poll, without success. Moderators, please reformat if you will, question is at bottom.]

 

In the game of musical chairs, players walk/dance around a group of chairs, with the number of chairs always less that that of the players. Whenever the music is stopped, players must dash to take seats, but some will not get one, and be put out of the game.

 

During economic boom times, people are dancing. During recessions and depressions, there are far less seats than those seeking them, and many lose out.

 

During the biggest economic crashes, there are so few seats that mayhem and chaos break out among the seatless, followed by repression and war.

 

There are many competent economists, including many who accurately predicted the 2008 “Great Recession,” who say that the greatest economic collapse in world history is looming, and quite possibly will happen this year.

 

 

Poll Question:

In your opinion, will the next economic crisis quickly bring on the 3^rd - 5^th Seals?

 

Non-poll Question:

Should this economic bust come in or soon after 2015, where will the few chairs be?

Edited February 8, 2015 by WilliamL

[Marilyn C]

Hi WilliamL,

 

Very interesting & up to date question. I see the Middle class losing a lot of their savings, as per `hair cuts,` via `bail-ins` from the banks. I also believe that some smaller banks & lending institutions will be swallowed up by the biggies & thus continue to put power & control in fewer & fewer hands.

 

The big seat in the `game` I believe will go to the IMF (the International Monetary Fund) which will be greatly empowered. This has been planned for many years but the US dollar`s power had to be reduced, as we see has happened. Then I see the IMF`s SDR`s (Special Drawing Rights) taking on the lender of last resort role. 

 

As to the seals, I believe the first 4 `horsemen` are representative of 4 power blocs operating today but their judgment - when the judgment scroll is opened - will not happen for a few years yet, when Christ begins the judgment time of the nations, (tribulation).

 

 

Marilyn.

Edited February 8, 2015 by Marilyn C

[Guest]

Should this economic bust come in or soon after 2015,

 

where will the few chairs be?

 

 

The Many

 

Thus saith the LORD; Cursed be the man that trusteth in man, and maketh flesh his arm, and whose heart departeth from the LORD. Jeremiah 17:5

 

And The One

 

Blessed is the man that trusteth in the LORD, and whose hope the LORD is. Jeremiah 17:7

[ARGOSY]

[i was trying to set this up as a poll, without success. Moderators, please reformat if you will, question is at bottom.]

 

In the game of musical chairs, players walk/dance around a group of chairs, with the number of chairs always less that that of the players. Whenever the music is stopped, players must dash to take seats, but some will not get one, and be put out of the game.

 

During economic boom times, people are dancing. During recessions and depressions, there are far less seats than those seeking them, and many lose out.

 

During the biggest economic crashes, there are so few seats that mayhem and chaos break out among the seatless, followed by repression and war.

 

There are many competent economists, including many who accurately predicted the 2008 “Great Recession,” who say that the greatest economic collapse in world history is looming, and quite possibly will happen this year.

 

 

Poll Question:

In your opinion, will the next economic crisis quickly bring on the 3^rd - 5^th Seals?

 

Non-poll Question:

Should this economic bust come in or soon after 2015, where will the few chairs be?

 

 

I've got no idea of how many crisis there will be before the end.

 

I believe the 5th seal represents the great tribulation and 6th seal represent the second coming.

 

Firstly we need the ten nation Turkish Union to be established.

Then the antichrist comes to power

He will rule for 3.5 years, this is when the 5th seal occurs

Then the 6th seal occurs at the end of the 3.5 years ..at the second coming

[WilliamL]

 

Should this economic bust come in or soon after 2015,

 

where will the few chairs be?

 

 

The Many

 

Thus saith the LORD; Cursed be the man that trusteth in man, and maketh flesh his arm, and whose heart departeth from the LORD. Jeremiah 17:5

 

And The One

 

Blessed is the man that trusteth in the LORD, and whose hope the LORD is. Jeremiah 17:7

 

Amen to that. And, the LORD often uses others to carry out his protection and provision:

 

Rev. 12:6 And the woman fled into the wilderness, where she hath a place prepared of God, that they should feed her there a thousand two hundred and threescore days.

 

Who is the "they?"

 

Everybody so far seems to be punting on the poll question, which is meant to be yes or no.

[WilliamL]

Hi WilliamL,

 

Very interesting & up to date question. I see the Middle class losing a lot of their savings, as per `hair cuts,` via `bail-ins` from the banks. I also believe that some smaller banks & lending institutions will be swallowed up by the biggies & thus continue to put power & control in fewer & fewer hands.

 

The big seat in the `game` I believe will go to the IMF (the International Monetary Fund) which will be greatly empowered. This has been planned for many years but the US dollar`s power had to be reduced, as we see has happened. Then I see the IMF`s SDR`s (Special Drawing Rights) taking on the lender of last resort role.

While some people think that the IMF will become the next lender of last resort, it is not very likely. It is estimated that the Federal Reserve, the lender of last resort in 2008, loaned out over $30 trillion in that banking crisis. (Exact amount unknown, because of course the Fed is a private bank that doesn't reveal its books to anyone.) The IMF has until now only loaned sums in the tens of billions to individual nations, a few trillion total.

 

There are now over $1 quadrillion in derivatives outstanding in the world, of the same kind that bankrupted, and nearly bankrupted, major banks and insurance companies like AIG and Morgan Stanley in the Great Recession. In the coming economic bust, the lender of last resort would have to make loans in the $100 trillion dollar and up range. The IMF has a mere fraction those resources, and is not trusted enough by the world's nations, since its policies are dominated by Europe and the US.

 

For those of you with access to the video "Wall Street 2: Money Never Sleeps," watch the fictionalized but accurate scene that took place in the meeting held among the Fed, the mega-bankers, and the US Secretary of the Treasury after the 777-point crash of the DOW in September 2008. Listen to what old Eli Wallach, who portrays the chairman of a Goldman-Sachs type bank, had to say about what would happen if confidence in the banking system wasn't able to be resolved immediately.

 

The same situation is about to take place again, only the sums involved have risen 5-10 times over 2008. Sooner or later, the world's mega-indebted banks and nations will reach a politically unresolvable impass, and all of the world's currencies will collapse, because no one will know how to determine their relative values. This will quickly be followed by chaos, rioting, attempts to establish martial law, and in short, all the types of things described in Seals 1-5 or 3-5. After the present world order has collapsed into chaos, the Beast Kingdom will arise from the ashes to establish its New World Order.

[WilliamL]

http://kingworldnews.com/man-predicted-collapse-euro-swiss-franc-time-running-global-financial-system/

 

Let’s look at the facts about what is really happening in the United States:  2/3 of Americans do not have $500 in savings.  So the average American has huge personal debt and is one paycheck away from bankruptcy.  Retail sales were down 0.8 percent in January and 0.9 percent in December.  This is the worst decline since 2009.  Median income is down 10 percent since 2000.

The Labor Participation Rate continues to fall in the U.S. — all the way down to 62 percent.  That figure was 67 percent in 2000.  So 93 million people are not in the labor force.  In 2000 that figure was 68 million.  That’s an additional 25 million who are not in the labor force.

Officially, 8.7 million people in the United States are unemployed.  But think about this:  There are another 93 million who are not considered to be in the labor force.  So the supposed unemployment rate of 5.6 percent is a preposterous fabrication. ...

 

The bottom line is that the world is heading toward a catastrophic outcome and there is nothing that can be done to stop it.  In the meantime governments are desperately using propaganda to try to keep social order in their countries.  This will only work for so long before massive protests erupt and total chaos ensues.  Time is running out for the current global financial system — it will cease to exist — and people need to make sure that they have themsleves and their families prepared for the coming chaos.”

[ayin jade]

When did the first 2 seals happen?

[WilliamL]

When did the first 2 seals happen?

Still to come. Jesus told us that all the events of the Great Tribulation "will come as a snare on all those who dwell on the face of the whole earth." Luke 21;35

 

A snare springs very suddenly: the economic crash will quickly follow the chaotic world events of the first two seals. Mere months before the sudden onset of World War I, the vast majority of politicians and commentators were saying that major wars were no longer possible. Things can change that fast.

[WilliamL]

With talks between the EU and Greece reaching the boiling point, the former White House Budget Director warned that the Greek crisis is now a threat to the entire global financial system.

 

Former White House Budget Director, David Stockman:  “The Greeks owe something like $350 billion.  $60 billion of it is owned by Greek banks.  The rest of it is (owned by) the EU — $210 billion — and another $30 or $40 billion by the IMF.

 

So the issue in the short-run is the taxpayers in all the countries of the EU…because the debt has been transferred from the banking system — that’s what all these bailouts were about — to the taxpayers of the EU.

 

... That’s why there is so much desperation and so much tension in these negotiations.  The Germans could afford to take the $47 billion hit that is guaranteed by Germany.  But the Germans are afraid that if losses are triggered, in other words Greece is permitted to default, then the next two countries in line are France and Italy.

 

Their (French and Italian) governments simply will not survive a capital call.  They will be forced into an election — I call it a run on the parliaments — and they will get radical, populist, anti-EU governments and the whole thing will come unraveled.

 

... Now think about the global financial system and how fragile it is — the European economic union and currency experiment — and right in the center of it is a ticking time-bomb that’s about ready to blow.  I think if people needed any warning that there is massive danger ahead, just think about what’s happening hour-by-hour, day-by-day in this Greek drama in Europe.”

 

http://kingworldnews.com/former-white-house-official-greek-crisis-threatening-entire-global-financial-system/