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You Super-Rich investors and bankers are just too greedy,
as housing, derivates, foreign economies, the Fed and interest rates
are about to karmically hit back big time. New housing starts are down
7.2 percent while housing prices rose 5.1 percent over a year ago.
It’s the investment banks’ seemingly congenital greed over mortages and profits:
You sunk us in 2007 over raising mortgage rates way too high, and are about to
cause something even worse, now. You will trigger a really terrible depression.
The situation is far worse than in 2007-2008.
October 11, 2016
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Deutsche Bank Leads
Global Charge into Economic Collapse
Economic Collapse Coming Soon
Housing Trends, Mortgages, Bank Balances, Greed
Will Soon Trigger a Bad Depression or Worse:
Prepare for Immanent Economic Collapse
The Daily Walk with Miracles, updated October 11, 2016, with new and updated content, by Paul Evans, which is in large part an update of Economic Collapse Coming Soon, The Daily Walk with Miracles, updated October 10, 2016, by Paul Evans, videos are BANK RUN BEGINS: DEUTSCHE BANK HEDGE FUND CLIENTS WITHDRAW EXCESS CASH, The Next News Network on YouTube, October 1, 2016 — 3:53; Deutsche Bank Warns Of Economic Collapse: Solution Cashless Society, WeaponizedNEWS.com on YouTube, February 9, 2016 — 13:28; and especially JIM ROGERS says Get Prepared, Imminent Collapse Going To Be Worse Than 2008, YouTube — 4:32. Photograph of Barack Obama on the campaign trail in 2007 is from Wikipedia and is public domain. The top included video is Gold Cartel Freaking Out, Deutsche Bank Collapse Ahead Andy Hoffman, Ferre Report on YouTube, October 7, 2016 — 17:07. The “Hammer and Keyboard” image (a new sort of “logo” with us), is a token of the struggle Independent news companies like The Daily Walk with Miracles go through to bring you honest, truthful news coverage, so that America will always be free. We are in some financial need ourselves: see the call for donations at the bottom of this article. Email firstname.lastname@example.org.
SUMMARY by Paul Evans: As Deustche Bank approaches catastrophic collapse, $Trillions in debt exposure will burn through European banks like a raging firestorm and economic collapse will spread around the world.
Music for the Economic Collapse
The first embedded music video included is a playlist based on Don Henley’s The Garden of Allah. This whole song is a warning, which I believe is about California or perhaps the entire U.S., and its fate. I can see it happening almost at this time in America. Don Henley, former lead singer of the Eagles, is much misunderstood by people, he is a really good guy, and you can tell his heart is in the right place in this song because of subtle hints like talking about the United States in terms of “Gomorrah by the sea.” It’s Satan talking in much of the video but it’s a prophecy, a warning for the people, it’s trying to make a moral judgment and get people to change their ways. The second music sampler provided for you ladies’ listening pleasure while you see just how bad it’s going to get is a playlist based on Dwight Yoakem’s The Heart That You Own, and dedicated to the intelligence services of the United States of America.
Summing Up Evidence
for the Global Economic Collapse
There are strong signs, that United States’ currency and stock market are going to come crashing down sometime in October of this year, or at any rate some time this year. Momentous changes all around the world, particularly the IMF designated “global reserve currency,” bank debts and obligations, and the Fed’s interest rates, are about to bring us down. It can be shown that both our currency and the stock market are 50 to 80 percent over-valued, probably closer to the latter figure. It look like the collapse’s trigger might just be Deutsche Bank, which is the largest bank in Germany and which handles most big money in Europe. The derivatives portfolio of Deutsche bank is about $47 Trillion (WSJ), with a tremendous burden of debt. Moreover Natural News reports that “Deutsche Bank owns $25 trillion in OTC swaps with the Central banks and other major banks.” Deutsche Bank also owes the United States government $14 Billion from the last crisis, and the U.S. is now demanding payment. There were negotiations over this but these have at this point broken down, at least temporarily. The German government is refusing to bail them out, and they will likely get an offered limited, corporate bailout, but it will not be enough. The collapse of Deutsche Bank will collapse the European banking system, and ripple through the world’s economies like a house of cards collapsing. The Daily Walk with Miracles has all the details for you:
[(sotto voce): or ELSE, like most of these collapses, it’s a 20 to 30 percent market correction orchestrated by the super-rich, since they’ve already “sold high” and now after the correction will “buy low….” (Hint, hint.) How do you think they make money???]
The U.S. economy is in grave trouble even without the Deutsche Bank crisis. With China’s yuan named as a co-equal global reserve currency by the IMF, soon it will be impossible for the U.S. to continue to borrow (and go deeper in debt), because the global use of our currency served as the basis on which our national borrowing depended. Maybe it will hold out until the Fed meets December 15-16, when it is expected to and pretty much has to raise interest rates: market chaos will ensue. The government soon will not be able to meet its obligations as a result of all this, and may in fact bring about the end of the United States as we know it.
Global Economic Collapse in the News
NEW: See Deutsche Bank Fails to Score Justice Department Deal, Shares Fall, Reuters on NewsMax, October 10, 2016, by Reuters.
NEW: See Commercial Bankruptcies Soar 38 Percent as Debt Crushes Businesses, NewsMax, October 10, 2015, by R. Williams: “Last month’s bankruptcies reached 3,072 to bring the year-to-date total to 28,789 and marked the eleventh straight month of increases from 2015.”
NEW: See Jim Willie Says Deutsche Bank’s Upcoming Trillion Dollar Collapse Will Destroy Global Economy, End Times, September 30, 2016, by David Montaigne: “Jim discusses Deutsche Bank’s unbelievably risky portfolio, it’s exposure to the derivative markets, and what that means in to the rest of the world, not just Deutsche Bank account holders, and how a collapse of Deutsche Bank would undoubtedly cause exponentially more damage than the Lehman Brothers collapse did back in 2008.”
NEW: Also see UK business to warn May over ‘hard Brexit’ after pound plunges, Financial Times, October 7, 2016, by Sarah Gordon and Katie Martin in London, and Chris Giles in Washington: “Corporate leaders to flag up concern after sterling falls 6%.” Computer algorhythms were later blamed, but we are seeing this kind of market volatility all over the world. Market volativity was observed just before the financial crash of 2008 and is always a bad sign.
Want to really understand what’s really going on and be entertained at the same time? Rent (or buy) the dark and hilarious movie, The Big Short ($3.99 rental at Amazon.com) and if you just want a taste, watch for free The Big Short: Watch 10 Dark and Hilarious Minutes From the Film, YouTube – 9:59.
We support Donald Trump for President in 2016, but we also have faith that Barack Obama is to be trusted to handle any degree of economic crisis, and all that this may cause. I call on all Christians to support the President “in the breech.” In fact, the FEMA camps which the political right is so paranoid about, I believe in my heart are there not for any nefarious purpose, but because we have known this crisis was coming for at least two years. If it gets so bad that the United States government cannot meet it’s obligations, those FEMA camps are there to feed, clothe and house Americans as a last resort. I have full confidence that, however much I may disagree with some of his policies, President Obama is at heart a decent and a Christian man. Obama didn’t get us into this economic mess, that is mainly Bill Clinton’s and George W. Bush’s fault. If you have any doubts about the President’s faith, watch President Obama Offers His Warmest Wishes on Passover and Easter, The White House on YouTube – 2:37, or Weekly Address: President Obama Offers Easter and Passover Greetings, The White House on YouTube, April 19, 2014 — 2:26. If you watch these two videos with any sort of open mind, it is hard to avoid the conclusion that Obama is in fact a very faithful and a Christian man, and I trust him, although I disagree with a lot of his solutions. Remember that two budgets ago John Boehner said that Obama “gave me 95 percent of what I asked for,” and that at about that time, Bill O’Reilly called him a “patriot.” Keep in mind that as the Democratic Party standard bearer, there are some positions that it is incumbent on the President to support, whatever his true beliefs are. It really is time to set aside our foolish hatreds and approach the task of governing the people with a much more nonpartisan or bipartisan attitude. But now we face titanic changes and impoverishment, and it is our own greed and stupidity which has brought this on ourselves: As ye sow, so shall ye reap. Just because it is an election year is no reason to disregard these facts, or to slide into some kind of ethnic or racial hatred. May God abundantly Bless the United States of America. Amen. ~ Paul
Deutsche Bank in the News
NEW: See Deutsche Bank’ Long Shaddow, U.S. News and World Report, October 5, 2016, by Desmond Lachman:
At the best of times, an effective deposit run on a country’s dominant bank would be politically damaging to the country’s political and economic leadership. However, these are hardly the best of times for [German Chancellor Angela] Merkel. Following her unpopular decision last year to open Germany’s doors to Syrian immigration, Merkel has seen her approval ratings steadily decline. She has also seen her ruling Christian Democratic Union handed a series of humiliating defeats in a number of recent state elections that has to raise questions about her ability to secure a fourth term in next September’s elections.
See Deutsche Bank Collapse Inevitable, Prepare For Economic Armageddon, YouNewsWire.com, September 29, 2016, by Edmondo Burr:
The fancy financial instruments and derivatives that were used as collateral by banks that caused the crash of 2008 have all been scooped up, held and repackaged by the German bank.
The German government does not have the means to bail out their biggest bank even if they were willing to.
They have been snookered by the global banking elite, who have done nothing but prosper since 2008, crashing one bank after another while getting ridiculous amounts of bailout funds….
The greatest financial experiment in history is about to conclude as we enter its final phase.
All eyes are now on the global banking elite and German Chancellor Angela Merkel.
At least she is not like one of her predecessors from a generation back. We all know what Hitler did when he found out the tricks that the bankers were using some 90 years ago. He started world war 2 and took out his anger on minorities. Today there are many Hitlers vying for power around the world.
One of the main reasons that Hitler managed to come to power and start the second world war was the collapse of the German banking sector and economy following the Great Depression of 1929 in the United States.
For inspiration, watch U2 — Silver and Gold, Rattle and Hum version on YouTube — 6:28.
See Jim Willie: If Deutsche Bank Goes Under It Will be Lehman TIMES FIVE!, SilverDoctors, October 3, 2016, by “The Doc.”
Natural News reports in Health Ranger issues international financial alert as Deutche Bank approaches catastrophic collapse… Trillions in debt exposure will burn through European banks like a raging firestorm, September 28, 2016, by Mike Adams:
…Deutche Bank has vastly expanded its leveraged debt to the point of fiscal lunacy. Now, as Market-Ticker.org explains, the derivates debt exposure from Deutche Bank is greater than all the assets in the entire nation of Germany:
If you think Germany can bail out Deutsche Bank you’re delusional. Their total derivative exposure grossly exceeds the entire net value of everything in Germany! Not just the government’s resources, all private resources as well! In other words even if the government wanted to bail them out, even if they’d survive bailing them out politically they can’t, even if they attempted to confiscate everything of value within the nation.
Should Deutsche Bank collapse, the debt exposure from other banks that have purchased debt instruments from Deutsche will be catastrophic… and the collapse will ripple through the banking system like a raging firestorm burning through deadwood. Watch the amazing film “The Big Short” to get a TINY taste of what’s to come… (the derivatives debt collapse will absolutely dwarf the subprime mortgage collapse.)
…My best German source informs me that 3 major banks are in trouble, and these 3 banks are fighting every single night to fight off insolvency and failure. He says CitiGroup in New York, Barclays in London, and Deutsche Bank in Germany- every single night are in trouble… In conclusion, Deutsche Bank owns $25 trillion in OTC swaps with the Central banks and other major banks, so expect a daisy chain of derivative failures for the $1.6 quadrillion derivative market if it were to fail! Deutsche Bank cannot break down by itself. It would result in the complete breakdown of the European Monetary Union!”
…Once the next global debt collapse begins cascading throughout the international banking system, many private checking and savings accounts will be wiped out. [PE: this is now known as a “bail-in, as opposed to a government “bail out.”] Many investment accounts will be destroyed as banks go under and try to “bail in” by confiscating customer money on the way down.
NEW: See German CEOs Said To Offer “Single-Digit Billions” Capital Injection To Deutsche Bank, ZeroHedge, October 6, 2016, by Tyler Durden: “Moments after DB slumped on a headline that contrary to yesterday’s Reuters report that the German government is holding “discreet talks” with DB, a headline hit that ‘there are no talks taking place with the DoJ, a German government official said.'”
NEW: See Understanding Deutsche Bank’s $47 Trillion Derivatives Book, The Wall Street Journal, October 5, 2016, by Mike Bird: you have to understand that The Wall Street Journal is the ultimate establishment business news source (so it would never take an alarmist view, officially). Even they note that the fact that many of Deutsche Bank’s so-called assets are “hard to value,” and that this is part of what is stoking investor concerns.
As I have repeatedly urged Natural News for the last eight years, you need to convert your fiat currency “money” into things of REAL value.
Physical gold and silver, farm land, EMP-proof tractors, firearms, ammunition, medical supplies, first aid kits, storable food supplies, quality hand tools, garden seeds, water filters, livestock (like backyard chickens), diesel fuel, etc. Download my complete list of suggested survival supplies with The Coming Collapse survival report.
If you’ve spent your money on all that useless crap, you’re going to be in a world of hurt when it all hits the fan… a phenomenon that is mathematically inevitable.
The day is going to come very, very soon when all the people who laughed this off will be begging for food and living in tent cities. Don’t be one of those people. If all your assets are currently denominated in fictional electronic bank records, you’re going to be financially obliterated in short order.
See Fresh fears hit Deutsche Bank share price, The Guardian, October 3, 2016, by Jill Treanor: “Shares slump [Monday] 3% on NYSE after renewed doubts over Germany’s biggest bank’s ability to pay US penalty.”
Also see Could Deutsche Bank Collapse?, The Atlantic, September 30, 2016, by J. Weston Phippen: “The German bank’s shares reached historic lows this week after a $14 billion settlement request by the U.S.”
Watch WAR, ALERT US Carries Out Its Threat Against Russia, Israeli News Live on YouTube — 25:41.
The United States of America:
Paul Evans: Greed has destroyed and now will “finish” our once glorious nation, as we knew it. You Masons and ruling elite had 240 years to develop some sort of “caring capitalism” for our people. You banksters and big money people chose greed and possessions, and didn’t really worship God or Jesus, you lived as though you worshiped money, or capitalism itself. God is not amused, as ye sew, so shall you reap, and “the chickens are coming home to roost.” I see no evidence that you will start behaving and living or changing anything important about the way you live, or the way you order the United States, economically, and it’s too late anyway. Karma is an inevitable law of the universe. You’re “about to get yours,” but it’s a damned shame that all of us, even those who live decently and “get it,” are going to suffer, too. The patience of God has it’s limits and you’ve surpassed that a long time ago, frankly.
It is vitally important as all this “goes down” that we all trust President Obama’s judgment. I am utterly convinced that in reality he is a decent, Christian man, (whatever sort of “double game” he has been forced to follow), and somehow he will see our nation through this, God help us all. Oh the far right and the mainstreamn media under the control of the super-rich will smear him, [as well as my choice for 2016 Donald Trump (strange bedfellows)]. (ANYONE as President other than the corrupt Satanic witch Hillary Clinton), but I KNOW in my heart that Barack Obama is going to see America through this. Ulimately, very likely, all debts public and private will simply be “forgiven,” and we will basically start over, but with a new, global currency. All of this is “going down” in the next few weeks, I believe, so the next President will not take office before titanic and painful changes happen. Be advised that we may have to “reform” the entire nation into some kind of “new Republic,” with a new global economic system with a global currency, but despite all the propaganda you will hear against this, it will be OK, TRUST THE PRESIDENT!
See From The Federal Reserve To A New US Republic via a Global Currency Reset, The Daily Walk with Miracles, September 9, 2016, by Paul Evans. Here is one very interesting link in this article: Watch New World Currency Backed By Gold Revealed, The Alex Jones Channel on YouTube — 18:05. Mr. Jones says we are in a perfect “hell-storm of debt.” Actually, many of the super-rich have known about this and have been accumulating gold for a few years, now. Watch The Secret Global Reset Agreement, Veterans Today, The Forbidden Truth on YouTube — 13:53. Private gold will likely be confiscated, anyway.
The economic collapse of the United States has actually been inevitable since 2008, and the investment banks and most of the big corporations since then have only made the prospects for our full economic collapse worse. Even the Royal Bank of Scotland, the economic gospel of conservative investors, has directed its patrons (as reported by The Sovereign Investor), to “Sell Everything” because “in a crowded hall, the exit doors are small,” with evidence that stocks are now 80 percent over-valued. See First Soros Now Jim Rogers Predicts Trillion Dollar ‘Biblical’ Crash, YouTube — 15:36. Also see Banking System Collapse – Global Financial Meltdown 2016-2017, X22 Finacial Report, YouTube, September 28, 2016 — 13:03, which mentions the United States gold imports from Switzerland are up 82 percent this year.
All the present trends and economic statistics indicate that an economic collapse of the entire U.S. economy is now inevitable. Very likely it will happen sometime this year. You super-rich jerks (most of the investment bankers and their super-rich clients, and some of the big CEO’s) are making the same stupid error. About three days ago the fact came out that for August, housing starts are down 7.2 percent while housing prices rose 5.1 percent over a year ago. It’s your seemingly congenital greed over mortages and profits: You are about to trigger a really terrible depression. The situation at this time is far worse than in 2007-2008. The economy, as led by the investment banks and super-rich, have put America in a huge economic hole into which they are going to drag the whole nation. Even now, it’s really bad. 75 percent of Americans are now living paycheck to paycheck. In my own state of Ohio, one-quarter of our children are at risk of real hunger every month. You KNOW this but you just cannot bring yourselves to contain your greed. Sadly, all of us are going to pay for that, and it’s so absurd in an existentialist sort of way. Various economists and this website have shown you definitely that, for the rich themselves, self-interest now dictates that you really need to alleviate the suffering of the poor, as well as the bifurcation of the middle class. One would have thought that, between you, you had a brain.
I honestly would have thought you had more sense, that’s why I have continued “preaching” at you, essentially, for nine years. Look, you have managed to loot the savings accounts and put that money (OUR money) into your typically risky, failing investments to the point where there is, according to NewsMax partner MoneyNews, 1/4 to 1/2 cent now in the savings accounts left for every dollar in circulation. You think a $20 Trillion dollar national debt is bad? There is now, unbelievably, some $552 Trillion in (risky, ill-conceived, and essentially “un-leveraged”) derivative investments, and that amounts to NINE TIMES the total value of ALL the goods and services produced by the entire world in a year. Then there’s housing, which now is basically too expensive for the average man to afford, and has been for some time. Because of your greed in your housing investments (just as in 2007), you are creating the financial atmosphere for a HECK of a lot of mortgage defaults. Also, with rising housing prices, fewer and fewer of us can afford to buy a new home, ever, and that hurts the economy
Maybe it is the housing bubble which will trigger financial disaster, perhaps it will be the removal of the U.S. dollar as sole reserve currency (by the IMF, today), or maybe it will happen in December (15-16) when the Fed is more or less forced to raise interest rates, or lose any credibility it has around the world. See Fed Leaves Rate Unchained: Signals December Hike, The Daily Walk with Miracles, September 22, 2016, by Paul Evans, where I have a very scary excerpt from The Sovereign Investor:
See Are Stocks 80% Overvalued? New Evidence Shocks Wall Street, The Sovereign Investor, September 15, 2016, by JL Yastine:
“U.S. stocks are now about 80% overvalued, says Andrew Smithers, the chairman of Smithers & Co. He backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.
Even the Royal [Bank] of Scotland, [which you may take as conservative economic gospel], says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.”
When Should We Fear
This “Global Currency Reset”
and Dollar Collapse, and Is It for Real?
Paul Evans: This is very real, folks. There are a LOT of web sites, some of them bogus (be careful in loading these from searches), which say that the “end” for the U.S. dollar is going to be September 30th or in October, and a month-old video from Ron Paul is calling for a dollar collapse on about December 31, 2016. NewsMax sent out a newsletter to me this morning (9-30), which warned, “On 9/30/16 The IMF will officially add the Chinese Yuan as global reserve currency. According to Reuters, this move paves the way for the IMF to place the Yuan on a par with the U.S. dollar.” So does our currency, as well as the stock market, utterly crash at the very beginning of October? Maybe. However, basically (judging from the available articles on the net), this has been known as something that’s coming since 2013. The Federal Reserve meets in December on the 15-16th, and that could well trigger market shock, but there is a lot of time till then: Merry Christmas! Watch a speech by Fed Chairman Janet Yellen at a meeting of minority bankers from September 29, 2016 (Thursday), to perhaps get a handle on future prospects, but do not expect to get many details. The Fed is sometimes secretive, and sometimes misleading in its signals. But sometime this year there is definitely going to be a raise in interest rates, and yes, the stock markets might well collapse should the interest rates go up as much as 0.50 percent.
See Fed Leaves Rate Unchained: Signals December Hike, The Daily Walk with Miracles, September 21, 2016, by Paul Evans. The DOW precipitously fell 400 points four days before the last Fed meeting just on Chairman Janet Yellen’s statement that an interest rate hike in September “shouldn’t be discounted.” And the under-cutting of the petrodollar is well under way, with signs that oil may now plummet to a new low of $10 a barrel before long, partly do to the emergence of new solar technologies. Well we all know what happened at the September meeting of the Fed, they caved to investor pressure and left interest rates unchanged, but
Watch ALERT, ALERT, WATCH Deutsche Bank Hangs By A Thread On Eve Of Jubilee, News Channel 428 and the very Christian Dollar Vigilante, YouTube, September 30, 2016 — 4:17, which is shown here. Much of Europe’s big money cycles through Deutsche Bank. This cycle’s Lehman Brothers looks like it’s going down really, really soon and taking Europe and the rest of the world with it. For more perspective from the mainstream media, not as precise and documented, see Deutsche Bank: How stable is Germany’s biggest bank?, ABC.au, September 30, 2016, by Peter Ryan, who says (without documentation or figures):
Investors are starting to flee Germany’s biggest bank amid growing speculation that it might need assistance from the German Government.
“Deutsche Bank is clearly a canary in a coal mine,” said Dr Cary Leahey of Decision Economics.
Dr Leahey did not see Deutsche as another Lehman Brothers — but said Deutsche had massive potential liabilities including a $US 14 billion penalty from the US Justice department stemming back to the subprime mortgage crisis.
If an interest rate hike doesn’t cause total economic collapse, and if the housing bubble doesn’t trigger it, then the precipitous drop in oil prices and profits will also be a factor in destabilizing the market and perhaps collapsing it. Then too, the growth and floushing of other national economic powers, and the establishment of the yuan as a competing “reserve currency” are factors. But it’s coming, and we know this, the only question is when, and very likely when this year.
The Currency Wars,
The Collapse of the Dollar
and the Loss of American Power
See Steps to The Global Economic Reset & U.S. Dollar Collapse, Global Currency Reset, March 15, 2014, which is a YouTube video. Ron Paul claims that no major economic power suvived for a long time as such which did not base it’s currency on gold. It has been primarily corporate control over most of the economy which is the sole reason that the United States didn’t go over to a gold backed currency a hundred years ago, when for example William Jennings Bryan (1860-1925, Wikipedia link) was a nominee for President. (Bryan was a populist Democrat who ran for President three times and backed a silver-based currency as better for the common man). However, it is even claimed by conspiracy theorists that Lincoln’s assassintion was because he stood against corporate control of the U.S. It has been realized that eventually we should change over to a gold-or-silver backed currency, and also stand up for what’s right, not just what is profitable, for that long! Yet there was never much chance for it so long as the banks and big corporations were “calling the shots.” For more information read Wikipedia’s History of the United States dollar. And the main reason simply was that such a currency might interfere with big corporate control and profits.
All the global currency wars and the huge global push for world domination (the “New World Order” George H.W. Bush set in strong motion) and all those (basically bogus) derivative investments accomplished is to make the “end” for our status as the world’s main super-power and the consequences of the dollar collapse in the United States worse. It became just a postponement of the inevitable. Shamefully, the many of the very rich have known this for well over a year and have been buying up private stocks of gold so that they will not suffer when the economy utterly collapses. I will just note that in 1932, private stocks of gold were actually confiscated by the government in return for a fraction of their worth. We may well need to resort to that, it might ease the sufferring of “ordinary” Americans (which is going to short-term be even worse), and it will be bad. Donald Trump very likely will not take office before all this “goes down.”
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Yes, on the one hand, the United States still accounts for some 22 percent of the world’s trade, but the Euro and Yuan (China) are muscling in, China’s GDP has actually surpassed ours, and we have already held our status as the global reserve currency for 94 years, which is historically about as long as any nation has. If nothing else, all over the world, nations have pulled out all the stops on producing oil and the devaluation of petroleum and oil stocks might pull the stock market down, by itself. Once the dollar loses status as the sole “global reserve currency,” perhaps starting today (with the co-equality soon of the Yuan), the United States will be basically be unable to just print money or go deeper in debt, to prop up a basically unsound economy which is already so far in debt. May off the U.S. “enemies” such as Bush’s “Axis of evil,” in fact, were nations which had just before stopped using the dollar as their national currency, in terms of overseas trade and national-level dealings. So we actually went to war with them over it, essentially. The use of the dollar as reserve currency around the world has formed the basis by which we borrowed so much money, of course basically just digging our own “grave” deeper. The dollar may well in October, very quickly, totally collapse, along with the stock market, and you will see economic and social chaos. Logically it is something that is pretty certain sometime this year. There is a new, global currency, already proposed by the International Monetary Fund (IMF) which is to be based mainly on gold, it is said. In other words, the biggest coalition of economic planners in the world is already quite certain this will happen to the United States. We tried to push the “New World Order” agenda all over the world, when we should have looked after our own and made our own nation strong again. This is essentially the position Donald Trump takes with his slogan, “America First.” However, I see economic collapse as probable before he even takes office.
The Undeniable Truth:
Our Economy is Badly Unsound
and Will Soon Collapse
All the economic planners in the United States seem to know how to do is print a whole lot more money, engage in our fanatical currency wars, go deepeer into debt and do the whole “bubble economy” routine. But this is a much worse situation than we’ve seen since 1929.
The evidence suggests stock markets are over-valued by 50 to 75, or perhaps even 80 percent, as is the U.S. currency. This is a LOT worse situation than a 20-30 percent “market correction,” as the Russia Today video, below, and multi-millionaire Jim Rogers, (who recently gave up on us and relocated his family to Singapore), relate. It will almost definitely be worse than in 2007-08. This is also much worse than a simple situation of “market psychology.” One way or another (housing bubble, the derivative/junk bond catastrophe, or oil devaluation, the growth of several national economies around the world, or all of these factors), we are ALL going to suffer big time because of you rich folks and your insatiable greed. Junk bonds, CDL’s and derivatives are NOT going to save the situation, and just printing more money and going still deeper in debt will not be possible. Sad but factually undeniable.
Watch [WARNING] RON PAUl : Economic Collapse & Financial Market Crash 2016 (JULY 2016 Pls Share), YouTube — 20:23. Ron Paul has always claimed that no major society or nation which did not base its currency on gold has ever prospered or even survived, long term.
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