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How Close Are We To A Total Economic Collapse?
- Written by Paul The Freedom Journalist
- In Economic Warning
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“ 2 For you know very well that the day of the Lord will come like a thief in the night. 3 While people are saying, ‘Peace and safety,’ destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape. 4 But you, brothers, are not in darkness so that this day should surprise you like a thief. 5 You are all sons of the light and sons of the day. We do not belong to the night or to the darkness. So then, let us not be like others, who are asleep, but let us be alert and self-controlled” Thessalonians 5:1-6
Although the event in the context refers to the Second Coming of Jesus Christ, I am sure it also applies to global economic turmoil as well because of two following reasons:
- It was prophesized in the Bible that a global economic turmoil will set the stage for the Second Coming of Jesus Christ so there is really only one event collectively.
- God is consistent and that is evident throughout thousands of years of history. His principles are the same whether it is with Noah for his Ark of the Covenant era or right now in the 21st century
While this passage implies that nobody knows the exact date and time of the collapse, it shows that “sons of the light”, those that are followers of Christ, won’t be caught by surprise. This is because God is a merciful God. He does not want to see people in peril. If we all were just listen to Him and obey his commands in the first place, none of these destruction would happen. Instead, mankind chose to not follow God and do things our own way thus creating the mess we have now. Despite that, God frequently leaves warning signs (evidently in the Bible), so that those who are close and willing to follow Him can notice, prepare, and be kept safe.
Monetary Policy Severely Tipping the Supply and Demand Equilibrium
Who Owns Federal Reserve (FED)?
"Zero" Interest Rate Tactic - Long Term Interest Rate Suppression
Here is a chart (source) comparing the Federal Fund Rate and two types of bank deposit rates namely 1-Year CD Yield and Average Money Market Account Yield for the last two decades. As many of us know that CD (Certificate of Deposit) is a product offered by banks and credit unions that offer higher interest rate in exchange of customers agreeing to leave a lump-sum deposit untouched for a predetermined period of time. In other words, CD yield represents the best interest rate banks can offer to their customers. Money market account, on the other hand, is considered by many to be like a saving account that pays higher interest and be able to write checks in exchange of having a higher minimum balance and limits on withdraws and transactions. It is a good representation of a decent mom and pop saving account.
![](https://www.endtimeblogger.com/wp-content/uploads/2019/10/Deposit-rates-vs-federal-funds-rate.png)
"Zero" Interest Rate Effect and Consequences
“The rich rules over the poor, and the borrower is the slave of the lender” – Proverbs 22:7
“Precious treasure and oil are in the dwelling of a wise person, but a fool consumes them.” – Proverbs 21:20
“Go to the ant, you slacker! Observe its ways and become wise. Without leader, administrator, or ruler, it prepares its provisions in summer; it gathers its food during harvest” – Proverbs 6:6-8
![](https://www.endtimeblogger.com/wp-content/uploads/2019/10/home-price-index.png)
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Quantitative Easing (aka "Money Printing")
![](https://www.endtimeblogger.com/wp-content/uploads/2019/10/Fed-Balance-Sheet.png)
Sovereign, Corporate, and Consumer Debt Crisis
![](https://www.endtimeblogger.com/wp-content/uploads/2019/10/National-Debt.png)
![](https://www.endtimeblogger.com/wp-content/uploads/2019/10/Corporate-Debt.png)
![](https://www.endtimeblogger.com/wp-content/uploads/2019/10/Consumer-Debt.png)
![](https://www.endtimeblogger.com/wp-content/uploads/2019/10/Student-Loan.png)
Final Words
- Get right with God – This is the single most important preparation that everyone needs to do before anything else. All the problems and imperfection in this world including this collapse happen as a result of mankind choosing to do things our own way and not honoring God. So to be prepared, this needs to be changed fundamentally from its root. So if you have not yet let Jesus be the Lord and Savior of your life, you need to do so NOW before all else.
- Get out of debt – If the upcoming economic collapse is debt-related and you want to avoid being a casualty, perhaps a very wise thing to do is to get out of debt. I mean easier said than done, but at least if you should try to reduce or pay them off as quickly as possible. Some people may tell you that there are “good debts” and “bad debts”. Don’t listen to their BS. All debts are bad period.
- Get healthy – During the time of economic collapse, there may be supply shortage or disruption. So more than ever, you will need a healthy body that you can depend on. Try staying away from any bad habits that make your body dependent. Exercise and stay in shape if you can.
- Stock up some supplies – You may want to consider putting away a few months of supply such as food, water, ammos etc. When the economic collapse happens, you don’t want to be out in the grocery store fighting for that last loaf of bread. Also make sure you are able to hide them or having means to safeguard them against looters or robbers.
- Be your own central bank – I hope by this point you understand that central banks are just private bankers and they don’t really have your best interest at hand. The lesser you are dependent on the banking system, the lesser you will be affected when the system fails.