Changing Phases Of The Economic Crash

[Hidden In Him]

In 2007, John Paul Jackson prophesied that the economies of the world would crash, but it will not be characterized by a single economic phenomenon but by several. As he stated in The Coming Perfect Storm, prophesying specifically to America:

A bubble of hope is going to come to this nation (fulfilled from 2016 - 2020), but it will be short-lived. And in that span, there's going to be just enough time for godly people to make the necessary adjustments. However, it will not be a time to take on additional debt. Commercial paper and credit card debt is another domino that will fall... as joblessness increases and buildings lay empty. I saw malls that were more than half empty, and stores that were closed... We had a financial planner ask the other day, 'Will it be stagflation, or deflation, or inflation, or hyper-inflation?' And I had to look at him and tell him, 'It's going to be all of these. They are all waves on a quickly-changing economic sea, and what has worked in the past will only work for a brief period of time in this changing economic era.' (The Coming Perfect Storm, 19:27 - 20:44)

This indeed appears to be the case now, for it's well on its way. The following video lays out why the current inflationary cycle we're in is going to eventually give way to a deflationary crash. Inflation will come down, but only when people can no longer buy goods at such high prices, and once consumer spending is no longer able to keep the markets moving, the only option will be for companies to lower their prices, even though they will take big hits in doing so. Once this happens, the only way most of them will be able to compensate is by laying off workers to stay viable, and this in turn will lead to even less consumer spending, which will further speed the deflationary crash.

The end result will then likely be stagflation, though it is still to early to tell when that fully sets in, and possibly not until all excess money has been drained out of the system. I should add that it is not all bad news, however. As the following video points out, those who can manage to stay out of debt and save some money will be in a position to buy goods at much cheaper prices in the coming years.

 

[mama2one]

we've always strived to live debt free

we saved my income to put 25% down on house
paid extra monthly to pay mortgage off in less than 15 yrs

we keep vehicles for over 10 yrs while saving for next one to avoid a loan
my car is 11 yrs old with 60,000 miles so keeping it longer

 

[bèlla]

They’re crashing the economy. I waver between laughter and horror and audacity where its heading.

 

[Hidden In Him]

we've always strived to live debt free

we saved my income to put 25% down on house
paid extra monthly to pay mortgage off in less than 15 yrs

we keep vehicles for over 10 yrs while saving for next one to avoid a loan
my car is 11 yrs old with 60,000 miles so keeping it longer

Sounds like a smart plan.

I can't say as I've been able to save anything yet, but I have at least managed to stay out of credit card debt, and the Lord has never failed to provide for my wife and I. So at this stage in my life, I have zero worries and concerns about the Lord providing, no matter what happens to the economy. I think that's probably one of the biggest blessings of all to being a Christian. Not only does the Spirit of God let your know what is coming in advance, but He also gives you a peace that passes all understanding. You don't walk in the same anxieties you see others do, because you know your needs will be met regardless.

Thanks for the reply!

 

[mama2one]

redundant

 

[Hidden In Him]

They’re crashing the economy. I waver between laughter and horror and audacity where its heading.

By design, but despite what the globalists think they're doing, it was actually part of the plan the Lord has set in place a long time ago. Our prosperity has not aways done us the good it should have; for many it served as a distraction from living for the Lord Jesus Christ.

But those days are changing now. Soon instead of taking Him for granted, more and more people are going to have to start calling out to Him in their need. Scripture says the harvest is the end of the age, and part of the reason will be that mankind will finally realize that the real source of all true provision is found in God and nowhere else.

 

[bèlla]

I know blood when I smell it and can spot a takedown a mile away. I went full on with crypto and brought my family in too. I know the players and did it for a living. You ride the crash and watch the rolls thin out. This isn’t the market for the fainthearted. But there's millions to be made.

 

[mama2one]

Our prosperity has not aways done us the good it should have; for many it served as a distraction from living for the Lord Jesus Christ.
.

agree with that

 

[Hidden In Him]

I know blood when I smell it and can spot a takedown a mile away. I went full on with crypto and brought my family in too. I know the players and did it for a living. You ride the crash and watch the rolls thin out. This isn’t the market for the fainthearted. But there's millions to be made.

I'm hoping to save some between now and when deflation starts setting in. Granted, I know the Lord will provide regardless, but it just seems like a wise thing to be putting off unnecessary expenditures so long as the prices are still so high, and just wait till the world comes down to something resembling reasonable again.

 

[SavedByGrace3]

we've always strived to live debt free

we saved my income to put 25% down on house
paid extra monthly to pay mortgage off in less than 15 yrs

we keep vehicles for over 10 yrs while saving for next one to avoid a loan
my car is 11 yrs old with 60,000 miles so keeping it longer

You sound like me. We doubled our house payments for a long time and will pay it off this summer 6 years early. My car turns 10 years old next month and only has 62500 on it.
No credit card debt. We are looking to be completely debt free by august.

 

[bèlla]

I'm hoping to save some between now and when deflation starts setting in. Granted, I know the Lord will provide regardless, but it just seems like a wise thing to be putting off unnecessary expenditures so long as the prices are still so high, and just wait till the world comes down to something resembling reasonable again.

I think its important to rest with the Lord and heed His directives for your situation. I share information to inform the community but decisions should be made with God and prayer in mind.

I worked in finance for a living. I have my loved ones back. But what I tell them is ill suited for this space.

 

[GTW27]

In 2007, John Paul Jackson prophesied that the economies of the world would crash, but it will not be characterized by a single economic phenomenon but by several. As he stated in The Coming Perfect Storm, prophesying specifically to America:

A bubble of hope is going to come to this nation (fulfilled from 2016 - 2020), but it will be short-lived. And in that span, there's going to be just enough time for godly people to make the necessary adjustments. However, it will not be a time to take on additional debt. Commercial paper and credit card debt is another domino that will fall... as joblessness increases and buildings lay empty. I saw malls that were more than half empty, and stores that were closed... We had a financial planner ask the other day, 'Will it be stagflation, or deflation, or inflation, or hyper-inflation?' And I had to look at him and tell him, 'It's going to be all of these. They are all waves on a quickly-changing economic sea, and what has worked in the past will only work for a brief period of time in this changing economic era.' (The Coming Perfect Storm, 19:27 - 20:44)

This indeed appears to be the case now, for it's well on its way. The following video lays out why the current inflationary cycle we're in is going to eventually give way to a deflationary crash. Inflation will come down, but only when people can no longer buy goods at such high prices, and once consumer spending is no longer able to keep the markets moving, the only option will be for companies to lower their prices, even though they will take big hits in doing so. Once this happens, the only way most of them will be able to compensate is by laying off workers to stay viable, and this in turn will lead to even less consumer spending, which will further speed the deflationary crash.

The end result will then likely be stagflation, though it is still to early to tell when that fully sets in, and possibly not until all excess money has been drained out of the system. I should add that it is not all bad news, however. As the following video points out, those who can manage to stay out of debt and save some money will be in a position to buy goods at much cheaper prices in the coming years.

In 2007, John Paul Jackson prophesied that the economies of the world would crash, but it will not be characterized by a single economic phenomenon but by several. As he stated in The Coming Perfect Storm, prophesying specifically to America:

A bubble of hope is going to come to this nation (fulfilled from 2016 - 2020), but it will be short-lived. And in that span, there's going to be just enough time for godly people to make the necessary adjustments. However, it will not be a time to take on additional debt. Commercial paper and credit card debt is another domino that will fall... as joblessness increases and buildings lay empty. I saw malls that were more than half empty, and stores that were closed... We had a financial planner ask the other day, 'Will it be stagflation, or deflation, or inflation, or hyper-inflation?' And I had to look at him and tell him, 'It's going to be all of these. They are all waves on a quickly-changing economic sea, and what has worked in the past will only work for a brief period of time in this changing economic era.' (The Coming Perfect Storm, 19:27 - 20:44)

This indeed appears to be the case now, for it's well on its way. The following video lays out why the current inflationary cycle we're in is going to eventually give way to a deflationary crash. Inflation will come down, but only when people can no longer buy goods at such high prices, and once consumer spending is no longer able to keep the markets moving, the only option will be for companies to lower their prices, even though they will take big hits in doing so. Once this happens, the only way most of them will be able to compensate is by laying off workers to stay viable, and this in turn will lead to even less consumer spending, which will further speed the deflationary crash.

The end result will then likely be stagflation, though it is still to early to tell when that fully sets in, and possibly not until all excess money has been drained out of the system. I should add that it is not all bad news, however. As the following video points out, those who can manage to stay out of debt and save some money will be in a position to buy goods at much cheaper prices in the coming years.

One can not serve God a mammon. And yet dare to prophesy.

 

[Hidden In Him]

One can not serve God a mammon. And yet dare to prophesy.

Excellent observation. And I think that's true in many areas of ministry. How many Pastors have compromised themselves and their teachings because they had their heart set on building an "international ministry." The preaching of the oracles of God and true utterances of the Spirit is never for itching ears. It often comes with warnings and admonitions, which if not heeded bring consequences.

Good post, and God bless.
- H

 

[dqhall]

In 2007, John Paul Jackson prophesied that the economies of the world would crash, but it will not be characterized by a single economic phenomenon but by several. As he stated in The Coming Perfect Storm, prophesying specifically to America:

A bubble of hope is going to come to this nation (fulfilled from 2016 - 2020), but it will be short-lived. And in that span, there's going to be just enough time for godly people to make the necessary adjustments. However, it will not be a time to take on additional debt. Commercial paper and credit card debt is another domino that will fall... as joblessness increases and buildings lay empty. I saw malls that were more than half empty, and stores that were closed... We had a financial planner ask the other day, 'Will it be stagflation, or deflation, or inflation, or hyper-inflation?' And I had to look at him and tell him, 'It's going to be all of these. They are all waves on a quickly-changing economic sea, and what has worked in the past will only work for a brief period of time in this changing economic era.' (The Coming Perfect Storm, 19:27 - 20:44)

This indeed appears to be the case now, for it's well on its way. The following video lays out why the current inflationary cycle we're in is going to eventually give way to a deflationary crash. Inflation will come down, but only when people can no longer buy goods at such high prices, and once consumer spending is no longer able to keep the markets moving, the only option will be for companies to lower their prices, even though they will take big hits in doing so. Once this happens, the only way most of them will be able to compensate is by laying off workers to stay viable, and this in turn will lead to even less consumer spending, which will further speed the deflationary crash.

The end result will then likely be stagflation, though it is still to early to tell when that fully sets in, and possibly not until all excess money has been drained out of the system. I should add that it is not all bad news, however. As the following video points out, those who can manage to stay out of debt and save some money will be in a position to buy goods at much cheaper prices in the coming years.

The U.S. purchased a large piece of land from France spanning part of 15 states in 1803 for two cents an acre. In the 1970’s Nixon took us off the gold standard. The price of everything went up. There are charts of boom bust cycles going back years. It is no brilliant move to predict a recession is coming. They have been coming for years. The part about empty malls and stores is unique, like the pandemic.

There is a farming town far from the Florida beaches. The orange groves died due to a citrus disease. The Spanish farm laborers can not find enough work. Some stores are empty much of the time as they built too many stores in a place where people are broke.

I bought two vacant lots last year fearing inflation ($16k and $39k). These lots are not the most desirable in the county. As I am in my 60’s, I do not expect to see many more recessions. I bought a new car before they could raise the prices again. I bought a cheap home in a 55+ mfg. home park six years ago. They are raising the HOA fees again. The golf course and country club are losing money. There was so much COVID stimulus and money printing causing monetary inflation. The price of real estate went up so fast, I was stunned. I missed the chance to move to a better place. My stocks are down - that is deflation in the stock market. It is hard to buy when the price of investments is dropping like a rock.

Money kept in the bank lost 8.6% in the past year, due to inflation. I am glad I own my own home. In 1988 I rented a trailer in Tucson for $200 a month. A two bedroom garden apartment near me costs about $2000 a month today. Elderly people told me their social security checks were not enough to pay the rent.

 

[Hidden In Him]

Money kept in the bank lost 8.6% in the past year, due to inflation. I am glad I own my own home. In 1988 I rented a trailer in Tucson for $200 a month.

Yeah. I used to rent as well up until about 15 years ago. Glad I am at least paying notes on a home at a low fixed rate. I truly feel sorry for the people who are not paying attention and have recently been buying homes at adjustable rates for a little cheaper going in. And the problem is not just in the US. All the mortgages for people in places like England and Australia are adjustable, which means many of those people are gonna get massacred, and will likely lose their homes.

And no small wonder the banks would be pushing more adjustable rates right now. Thy've always been predators, they've just seemed gentile while doing so.

Adjustable Loans Form Largest Share of US Mortgages Since 2008

 

[dqhall]

Yeah. I used to rent as well up until about 15 years ago. Glad I am at least paying notes on a home at a low fixed rate. I truly feel sorry for the people who are not paying attention and have recently been buying homes at adjustable rates for a little cheaper going in. And the problem is not just in the US. All the mortgages for people in places like England and Australia are adjustable, which means many of those people are gonna get massacred, and will likely lose their homes.

And no small wonder the banks would be pushing more adjustable rates right now. Thy've always been predators, they've just seemed gentile while doing so.

Adjustable Loans Form Largest Share of US Mortgages Since 2008

I got statistics that stated about 10% of recent mortgages are ARM’s. They require 5% down as opposed to 20% down for a 30 yr fixed. People usually move after a few years anyway. People who move frequently may want to rent.

For 40 years interest rates went down. Now they are going up.

 

[Hidden In Him]

They require 5% down as opposed to 20% down for a 30 yr fixed.

That's where maybe they are getting most people then. I forgot, but I had closer to 10% down when I bought our home 15 years ago.

No one will have 20% down among the younger generation just getting into the housing market, which is kinda tragic.

 

[dqhall]

That's where maybe they are getting most people then. I forgot, but I had closer to 10% down when I bought our home 15 years ago.

No one will have 20% down among the younger generation just getting into the housing market, which is kinda tragic.

An FHA loan requires a 3% down payment. Some of the younger generation will have money. A DC teacher can earn six figures. A Union Pacific railroad employee averages $23/hour. They have 200 unfilled jobs.

 

[ArchitectDave]

I stopped listening to the "prophet" after the first section on geophysical events. The worst tornado in recent history hit Joplin, MO on May 22, 2011, and had 200 mph winds, a far cry from his prophecy of 350mph. The highest water prices are still in Alaska, where it costs $95 a month. It costs more than that to fill up my gas tank once, but he said water would cost more than oil. All the volcano eruptions since 2008 have been in Alaska, so that's kinda true but completely normal. There have been water shortages, but no cities have been evacuated yet. The last major midwest earthquake hit Missouri in 1812. There have been some 5-8" hail since 2008, but 6-8" hail fell in Gay Hill, TX in 1892, so it's not exactly unprecedented. Hurricane Sandy did a lot of damage in 2012, but it wasn't as bad as Katrina in 2005. Hurricane Irma (2017) and Dorian (2019) exceeded 180 mph winds, but Wilma and Rita in 2005 also exceeded 180mph. Katrina (2005) reached 175mph and remains the most devastating hurricane in recent US history (including the largest storm surge), before his prediction. Snowzilla did manage to drop 3 feet of snow on isolated parts of Washington, D.C., but it was over 2 days, not 6 hours as he predicted. The only blight in recent US history affected chestnut trees starting in the early 1900s, long before his prediction and not exactly a major contributor to the food supply. The Voyager probes exited the Milky Way heliopause (the "bubble around our solar system"), but reported nothing that would signify a "weakening" of the bubble. The Sun is still much more likely to cause any skin disease than any external cosmic rays. The magnetic field is still pointing in basically the same direction as it was in 2008. Scientists have known for decades that it has shifted many times in the past and will in the future, and will cause weather and communication problems when it does. No dirty bomb has exploded in a US port city and no nuclear material has been released in Israel. Egypt became a democracy in 2014 and is not led by a terrorist dictator as he predicted. Pakistan supported terrorism before 2008, so it is not surprising that they still do after his predictions. He predicted "malls that are more than half empty", which is true because of the pandemic in some places, but he predicted a more general economic collapse because of credit card debt. 1 USD is worth 20 Pesos and 1.29 CAD, while it was worth 10.26 Pesos and 1.01 CAD in July 2008 - the dollar is stronger than it was at the time against the two currencies he said it would become "on par" with. The "Amero Dollar" could possibly be equated with crypto currency, but has anyone here ever bought groceries with bitcoin??? Nobody has pulled up streets to try and grow food. Islam didn't try to kill Obama. No further flaws in border protection have been found and exploited since 9-11-2001, long before 2008. People aren't leaving the city to seek the security of urban lifestyle, in fact the opposite is happening. More than half of the US population has been in Urban areas since 1920, and has increased every year to the point that it is greater than 80% today. Social Security recipients are still getting their paychecks. He says the Social Security system would work if it weren't for abortion, but the right to abort has just been overturned. The US didn't end up cutting most of our foreign aid - $55 billion in 2008 became $51 billion is 2020. Islam hasn't taken over Detroit.

The only parts of that section that really resonates with the truth are "there will be an epidemic that begins elsewhere and comes here" and "Russia is going to reignite conflict with Ukraine to rebuild 'Mother Russia'". The CDC was already preparing for a pandemic in 2008, due to the growth of global population and travel. That is why the H1N1 flu pandemic in 2009 was short-lived. Russia eventually attacking Ukraine has been predicted by almost everyone familiar with global politics since the breakup of the USSR. You might consider Black Lives Matter as a fulfillment of the prediction that riots will happen, presented as race riots, but truly economic in nature. However, I'd say in 2008 the available data already clearly predicted that outcome. In other words, every prediction he made that has actually come true was easily predictable from the data available in 2008.

If he were an Old Testament prophet, he would be dead by now. Please, do save your money. Not because this guy said you should in 2008, but because obvious economic indicators (wealth and gender gaps, rise of gig economy, and growth of CEO to worker ratio) say you should in 2022.

 

[dqhall]

I stopped listening to the "prophet" after the first section on geophysical events. The worst tornado in recent history hit Joplin, MO on May 22, 2011, and had 200 mph winds, a far cry from his prophecy of 350mph. The highest water prices are still in Alaska, where it costs $95 a month. It costs more than that to fill up my gas tank once, but he said water would cost more than oil. All the volcano eruptions since 2008 have been in Alaska, so that's kinda true but completely normal. There have been water shortages, but no cities have been evacuated yet. The last major midwest earthquake hit Missouri in 1812. There have been some 5-8" hail since 2008, but 6-8" hail fell in Gay Hill, TX in 1892, so it's not exactly unprecedented. Hurricane Sandy did a lot of damage in 2012, but it wasn't as bad as Katrina in 2005. Hurricane Irma (2017) and Dorian (2019) exceeded 180 mph winds, but Wilma and Rita in 2005 also exceeded 180mph. Katrina (2005) reached 175mph and remains the most devastating hurricane in recent US history (including the largest storm surge), before his prediction. Snowzilla did manage to drop 3 feet of snow on isolated parts of Washington, D.C., but it was over 2 days, not 6 hours as he predicted. The only blight in recent US history affected chestnut trees starting in the early 1900s, long before his prediction and not exactly a major contributor to the food supply. The Voyager probes exited the Milky Way heliopause (the "bubble around our solar system"), but reported nothing that would signify a "weakening" of the bubble. The Sun is still much more likely to cause any skin disease than any external cosmic rays. The magnetic field is still pointing in basically the same direction as it was in 2008. Scientists have known for decades that it has shifted many times in the past and will in the future, and will cause weather and communication problems when it does. No dirty bomb has exploded in a US port city and no nuclear material has been released in Israel. Egypt became a democracy in 2014 and is not led by a terrorist dictator as he predicted. Pakistan supported terrorism before 2008, so it is not surprising that they still do after his predictions. He predicted "malls that are more than half empty", which is true because of the pandemic in some places, but he predicted a more general economic collapse because of credit card debt. 1 USD is worth 20 Pesos and 1.29 CAD, while it was worth 10.26 Pesos and 1.01 CAD in July 2008 - the dollar is stronger than it was at the time against the two currencies he said it would become "on par" with. The "Amero Dollar" could possibly be equated with crypto currency, but has anyone here ever bought groceries with bitcoin??? Nobody has pulled up streets to try and grow food. Islam didn't try to kill Obama. No further flaws in border protection have been found and exploited since 9-11-2001, long before 2008. People aren't leaving the city to seek the security of urban lifestyle, in fact the opposite is happening. More than half of the US population has been in Urban areas since 1920, and has increased every year to the point that it is greater than 80% today. Social Security recipients are still getting their paychecks. He says the Social Security system would work if it weren't for abortion, but the right to abort has just been overturned. The US didn't end up cutting most of our foreign aid - $55 billion in 2008 became $51 billion is 2020. Islam hasn't taken over Detroit.

The only parts of that section that really resonates with the truth are "there will be an epidemic that begins elsewhere and comes here" and "Russia is going to reignite conflict with Ukraine to rebuild 'Mother Russia'". The CDC was already preparing for a pandemic in 2008, due to the growth of global population and travel. That is why the H1N1 flu pandemic in 2009 was short-lived. Russia eventually attacking Ukraine has been predicted by almost everyone familiar with global politics since the breakup of the USSR. You might consider Black Lives Matter as a fulfillment of the prediction that riots will happen, presented as race riots, but truly economic in nature. However, I'd say in 2008 the available data already clearly predicted that outcome. In other words, every prediction he made that has actually come true was easily predictable from the data available in 2008.

If he were an Old Testament prophet, he would be dead by now. Please, do save your money. Not because this guy said you should in 2008, but because obvious economic indicators (wealth and gender gaps, rise of gig economy, and growth of CEO to worker ratio) say you should in 2022.

We have 8.6% CPI inflation. Where can one save money that is safe? I have been buying inflation adjusting savings bonds from the U.S. TreasuryDirect web site. The adjust to CPI inflation every six months. I was only allowed to buy $10,000 per year. They currently yield over 9.62% interest. Real estate might be in a bubble. Stocks go up and down as often as to make someone feel unsafe. Walmart has cheap groceries. Mom taught me to pray thank God for my food. “God is great, God is good, let us thank him for our food.”