By now everyone knows that the stock market is doing VERY badly. The DOW Jones Industrial Average had it’s 9th worst day ever on Friday, falling well over 500 points – right after Thursday’s not quite as bad 300+ point selloff. US Markets have not opened yet for Monday, but this is what Yahoo Finance has to say so far about today’s early trading:
U.S. stock index futures screamed lower on Monday, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling nearly 500 points, as fears surrounding the health of China’s economy multiplied.
These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent .
Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.
You get the idea. Stocks are down, gold is down, oil is down… How would you be affected if your salary fell 8.5% today, like China’s stock market? And how much more important are the TRILLIONS of dollars in losses in China, and the rest of the world today?
Rabbi Jonathan Cahn has been writing best selling books like The Harbinger and The Shemitah which predict the real economic collapse comes at the end of the Hebrew calendar year in mid-September 2015. These last few days could just be a minor preview of the main event, as those who are worried about September bail out while they can.
I have been writing books and articles for years now, explaining why I interpret Bible prophecy to be warning us of economic collapse starting in late 2015 – way worse than anything anyone alive remembers – literally, a collapse of biblical proportions – which I think will lead to chaos, martial law, suspension of elections, special presidential powers, dictatorship… and by June 2016, the clear knowledge of who the Antichrist is.
If you intend to get prepared – with physical preparations, with getting right with God – I don’t think you have much time left for procrastination. And if you aren’t convinced, yet seek more evidence – read: