Posted on 08/16/2015 4:24:40 AM PDT by SkyPilot
Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not going to take very much to push us into a full-blown worldwide financial crisis. The following are 12 signs that indicate that a global financial crash has become even more likely after the events of the past few days
#1 The devaluation of the yuan on Tuesday took virtually the entire planet by surprise (and not in a good way). The following comes from Reuters
Chinas 2 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit Wall Street and other global equity markets as it raised fears of a new round of currency wars and fed worries about slowing Chinese economic growth.
#2 One of the big reasons why China devalued the yuan was to try to boost exports. Chinas exports declined 8.3 percent in July, and global trade overall is falling at a pace that we havent seen since the last recession.
#3 Now that the Chinese have devalued their currency, other nations that rely on exports are indicating that they might do the same thing. If you scan the big financial news sites, it seems like the term currency war is now being bandied about...
(Excerpt) Read more at theeconomiccollapseblog.com ...
Obviously, this is just a sign that we are not spending enough to get to prosperity. Now let’s cash advance some more credit cards. /s
It really is starting to look bad...
I bought my old beater SUV 6 years ago. The same make and model is selling for more than when I bought it.
It is. I am fearful as well. I know some say fear is a sign that you are not trusting in the Lord, but I cannot help it sometimes. All I can do is pray to God for protection for me and my family.
I bought our last 3 cars as used (for myself, wife, daughter). I had always bought new before that.
The new price just cannot be justified unless you have money to burn. A great percentage of auto loans are underwater 10 seconds after the happy new owners leave the dealer parking lot.
When I was a young adult, a 2 or 3 year loan was the norm. So, cars are more expensive and wages are lower. 2 Household wages is now not as much as one was back then. And the kids had someone home watching them, there was a day of rest, and the nation was far wealthier.
Bad decisions certainly can be used to explain that, but it sounds more to me like the blessing of God slowly being removed from a people going astray.
Agree, and I remember those days.
I think we are actually under God's judgment now, but it is going to be much worse. I also think that if we try to divide Israel, God's response may be to literally split our nation in half, and flood both coasts.
bkmk
Thanks for post #36.
Too many things to ignore. MANY folks watching and preparing. I expect it to get very ugly very fast.
Stay away from large population centers.
Bump.
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