(N.Morgan) The current political and financial environment across the world is in major turmoil. A collapse is looming in the near future and economists are sounding the alarm. The US Congressional Budget Office is projecting a continued economic recovery. So why look down the road – say, to 2017 – and worry? Here's why: because the debt held by American households is rising ominously. And unless our economic policies change, that debt balloon, powered by radical income inequality, is going to become the next bust.
US economy is about to face a repeat of pre-crisis-style, debt-led growth, based on increased borrowing. Falling government deficits are being replaced by rising debts on everyone else's ledgers – well, almost everyone else's.
In this latest interview with Greg Hunter, best seller author Jonathan Cahn says you better get ready for “a great shaking. Cahn, whose new book titled “Mystery of the Shemitah,” says, “The Bible says a prudent man prepares. What do you do? I am not a financial expert, but I will speak for myself ,in general, I would not be putting my stock in the stock market or have things attached to it.
You should also have essentials in store so if there is a collapse of not only markets but of infrastructure and services, and these things should break down, that you would be okay for this time period. I am not a survivalist. I am more of a revivalist. . . . We say things will always work perfectly, and I don’t believe things will always work perfectly. I believe we are at the verge of collapse.”
How do you get ready for this collapse? Cahn, who is a Christian minister, says, “The first thing is if you are listening to this and you are not right with God, get your life right because America is rapidly accelerating into a moral collapse and a spiritual collapse.”
Join Greg Hunter as he goes One-on-One with Jonathan Cahn, best-selling author of “The Harbinger,” and “Mystery of the Shemitah.” -
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