Humanity is facing a catastrophe

Done222 said:

I’m not talking about the virus; the virus is an inconvenience compared to what’s coming.

After the 2018 financial crisis, central banks responded by lowering interest rates. With those low rates, corporations have been borrowing more and more money to buy their company’s stock in order to increase the stock price in order to increase the bonuses of the corporate executives. In other words, corporate executives have gotten rich putting the large companies they manage in jeopardy.

Now the revenue for many corporations is going to decrease significantly and many will not be able to service their debts. Most of these debts are held by banks. This is why bank stocks are dropping so much. The central banks will bailout the banks again, but corporate debt is now massive and that’s without even looking at derivatives.

It's not just corporate debt, it is also government debt and consumer debt.

This goes back for decades. Our corporations sent the manufacturing jobs to China where low-paid Chinese workers cannot afford to buy the goods they produce. Because of the loss of all the manufacturing jobs, Americans cannot afford to buy all the consumer goods either, except through government and consumer debt.

This is not sustainable.

In 2008, we reached the end of the line.

The Federal Reserve solved the problem by lowering the interest rate and increasing debt. This didn’t solve anything, it only allowed us to party for a few years more.

Theologically, it is interesting that humanity is about to be brought down by debt. It is also amazing how the central banks, the executives, the media, everyone has watched all these large companies becoming more and more vulnerable, without being able to see the coming collapse. It is inevitable that a shock to the economy would come along. Coronavirus is merely the spark that is about to set off the bomb that our corporate and political leaders have built. It’s clearly a bomb, they’ve been building it for years, but they can’t see it’s a bomb as they keep adding more and more explosive. Government debt, consumer debt, and corporate debt, you can't just keep borrowing more and more money.

This coming catastrophe seems to be punishment from God, as so many smart people cannot see what they should be able to see.

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Done222 said:

I’m not talking about the virus; the virus is an inconvenience compared to what’s coming.

After the 2018 financial crisis, central banks responded by lowering interest rates. With those low rates, corporations have been borrowing more and more money to buy their company’s stock in order to increase the stock price in order to increase the bonuses of the corporate executives. In other words, corporate executives have gotten rich putting the large companies they manage in jeopardy.

Now the revenue for many corporations is going to decrease significantly and many will not be able to service their debts. Most of these debts are held by banks. This is why bank stocks are dropping so much. The central banks will bailout the banks again, but corporate debt is now massive and that’s without even looking at derivatives.

It's not just corporate debt, it is also government debt and consumer debt.

This goes back for decades. Our corporations sent the manufacturing jobs to China where low-paid Chinese workers cannot afford to buy the goods they produce. Because of the loss of all the manufacturing jobs, Americans cannot afford to buy all the consumer goods either, except through government and consumer debt.

This is not sustainable.

In 2008, we reached the end of the line.

The Federal Reserve solved the problem by lowering the interest rate and increasing debt. This didn’t solve anything, it only allowed us to party for a few years more.

Theologically, it is interesting that humanity is about to be brought down by debt. It is also amazing how the central banks, the executives, the media, everyone has watched all these large companies becoming more and more vulnerable, without being able to see the coming collapse. It is inevitable that a shock to the economy would come along. Coronavirus is merely the spark that is about to set off the bomb that our corporate and political leaders have built. It’s clearly a bomb, they’ve been building it for years, but they can’t see it’s a bomb as they keep adding more and more explosive. Government debt, consumer debt, and corporate debt, you can't just keep borrowing more and more money.

This coming catastrophe seems to be punishment from God, as so many smart people cannot see what they should be able to see.

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Lost4words said:

How did people hide from the Romans? The plague, the nazis?

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OldWiseGuy said:

The church fled from the Romans to the 'wilderness' 'on eagles wings'. WW2 was God punishing Israel. Today there is no wilderness to flee to. The plague was a wake up call for Europe to stop living like pigs (with apologies to the pigs). Without the plague God couldn't begin to bless Israel (imo). At the time it was a modern day flood.

All the above my opinion of course.

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OldWiseGuy said:

The church fled from the Romans to the 'wilderness' 'on eagles wings'. WW2 was God punishing Israel. Today there is no wilderness to flee to. The plague was a wake up call for Europe to stop living like pigs (with apologies to the pigs). Without the plague God couldn't begin to bless Israel (imo). At the time it was a modern day purifying 'flood'.

All the above my opinion of course.

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Handmaid for Jesus said:

Your points are well made. Maybe this plague will wake up the sleeping church.

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OldWiseGuy said:

To the thread title.

Humanity has been facing catastrophes for centuries. This is just the latest.

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summerville said:

God has NOTHING to do with it.

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Done222 said:

I’m not talking about the virus; the virus is an inconvenience compared to what’s coming.

After the 2018 financial crisis, central banks responded by lowering interest rates. With those low rates, corporations have been borrowing more and more money to buy their company’s stock in order to increase the stock price in order to increase the bonuses of the corporate executives. In other words, corporate executives have gotten rich putting the large companies they manage in jeopardy.

Now the revenue for many corporations is going to decrease significantly and many will not be able to service their debts. Most of these debts are held by banks. This is why bank stocks are dropping so much. The central banks will bailout the banks again, but corporate debt is now massive and that’s without even looking at derivatives.

It's not just corporate debt, it is also government debt and consumer debt.

This goes back for decades. Our corporations sent the manufacturing jobs to China where low-paid Chinese workers cannot afford to buy the goods they produce. Because of the loss of all the manufacturing jobs, Americans cannot afford to buy all the consumer goods either, except through government and consumer debt.

This is not sustainable.

In 2008, we reached the end of the line.

The Federal Reserve solved the problem by lowering the interest rate and increasing debt. This didn’t solve anything, it only allowed us to party for a few years more.

Theologically, it is interesting that humanity is about to be brought down by debt. It is also amazing how the central banks, the executives, the media, everyone has watched all these large companies becoming more and more vulnerable, without being able to see the coming collapse. It is inevitable that a shock to the economy would come along. Coronavirus is merely the spark that is about to set off the bomb that our corporate and political leaders have built. It’s clearly a bomb, they’ve been building it for years, but they can’t see it’s a bomb as they keep adding more and more explosive. Government debt, consumer debt, and corporate debt, you can't just keep borrowing more and more money.

This coming catastrophe seems to be punishment from God, as so many smart people cannot see what they should be able to see.

Click to expand...

Ricky M said:

World economies have to collapse to make room for the one-world economy.

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Jamesone5 said:

I guess we all , as Christians, need to spend more time with our Bibles with the Holy Spirit as many of us have the time right now.

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Kaon said:

We say this every generation and we are always swindled by Enemy because of our short-sightedness. There will be one generation (maybe ours) where it is too late to "try" - as the things we were already warned about are set in motion.

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JacksBratt said:

The companies are slaves to the investors. The companies must pay their workers. However the investors demand more and more profit and the managers can only do this by diminished wages. They do this by avoiding raises that are equivalent to the cost of living.

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Jamesone5 said:

It is never too late to get back into to the Word until we die.

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Kaon said:

The Word of the Most High - of course it isn't too late if you are alive.

But, the market? It's too late.

The prevention of the enemy? Too late.

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OldWiseGuy said:

All the money that is disappearing from the market will return with a vengeance once this things is over. The pent-up demand will be incredible. The relief will bring a worldwide giddiness unknown since WW2.

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Done222 said:

I’m not talking about the virus; the virus is an inconvenience compared to what’s coming.

After the 2018 financial crisis, central banks responded by lowering interest rates. With those low rates, corporations have been borrowing more and more money to buy their company’s stock in order to increase the stock price in order to increase the bonuses of the corporate executives. In other words, corporate executives have gotten rich putting the large companies they manage in jeopardy.

Now the revenue for many corporations is going to decrease significantly and many will not be able to service their debts. Most of these debts are held by banks. This is why bank stocks are dropping so much. The central banks will bailout the banks again, but corporate debt is now massive and that’s without even looking at derivatives.

It's not just corporate debt, it is also government debt and consumer debt.

This goes back for decades. Our corporations sent the manufacturing jobs to China where low-paid Chinese workers cannot afford to buy the goods they produce. Because of the loss of all the manufacturing jobs, Americans cannot afford to buy all the consumer goods either, except through government and consumer debt.

This is not sustainable.

In 2008, we reached the end of the line.

The Federal Reserve solved the problem by lowering the interest rate and increasing debt. This didn’t solve anything, it only allowed us to party for a few years more.

Theologically, it is interesting that humanity is about to be brought down by debt. It is also amazing how the central banks, the executives, the media, everyone has watched all these large companies becoming more and more vulnerable, without being able to see the coming collapse. It is inevitable that a shock to the economy would come along. Coronavirus is merely the spark that is about to set off the bomb that our corporate and political leaders have built. It’s clearly a bomb, they’ve been building it for years, but they can’t see it’s a bomb as they keep adding more and more explosive. Government debt, consumer debt, and corporate debt, you can't just keep borrowing more and more money.

This coming catastrophe seems to be punishment from God, as so many smart people cannot see what they should be able to see.

Click to expand...

OldWiseGuy said:

WW2 was God punishing Israel.

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