EAP/E2020 anticipates than the unfolding global systemic crisis will experience in March 2009 a new tipping point of similar magnitude to the September 2008 one. According to our team, at that period of the year, the general public will become aware of three major destabilizing processes at work in the global economy, i.e.:
• the length of the crisis
• the explosion of unemployment worldwide
• the risk of sudden collapse of all capital-based pension systems
The risk of sudden collapse of all capital-based pension systems
Finally, among the various consequences of the crisis for dozens of millions of people in the US, Canada, UK, Japan, Netherlands and Denmark in particular (3), there is the fact that, from the end of the year 2008 onward, news about major losses on the part of the organizations in charge of managing the financial assets supposed to finance pensions will multiply. The OECD anticipates that pension funds will lose 4,000 billion USD in 2008 only (4). In the Netherlands (5) as well as in the United Kingdom (6), monitoring organizations recently blew the whistle asking for an emergency contribution reappraisal and a State intervention. In the United States, growing numbers of announcements call for contribution increases and benefit reductions (7), knowing that it is only in a few weeks time that most of these funds will start calculating their total losses (8). Most of them are still deluding themselves about their capacity to build up again their capital after the markets turn around. In March 2009, when pension fund managers, pensioners and governments will become simultaneously aware of the fact that the crisis is there to last, that it coincides with the « baby-boomer » generation’s age of retirement and that the markets will not resume their 2007 levels until many long years (9), chaos will flood this sector and governments will reach the moment when they will be compelled to nationalize all these funds. And Argentina, who took this decision a few months ago already, will appear a pioneer.
All the trends described above are already at work.
FULL ARTICLE
And so it starts. This was told in the Bible.
ReplyDeleteOur money troubles have just started. Greed and the love of money got us here. Our country has turned its back on Jesus. God did bless this country. Look what we have done with it. Prayer out of school,Gay agenda,The murder of our babies, Porn.......ect,I could go on. I tell you the truth, this is nothing compared to what comes next. We must turn our hearts back to The Lord of hosts. Jesus on the Cross took our sins. He is Lord! We must repent. Oh by the way, what comes next has nothing to do with money.
Religion has started ALL WARS. Many religious people are making SURE that the Bible prophesies come true by preaching this doom and gloom daily...The country has not turned their backs on religion but rather the other way around. If Christians, Muslims, Buddhas, Jews dropped their different beliefs we would be BETTER OFF.
ReplyDeleteDoes not matter what religion is sayin about anything,,,the fact is the dollar and all currencies are built out of hot air (hey like some Tv preachers I see every now and then), and the economic system is falling apart before our eyes. Like the bible states though, be out of debt is the best way to be, and to have your personal house in order (like monetary, personal, belief system etc)
ReplyDeleteHmm, already I read about "anticrisis toilet paper" which sells on eBay:
ReplyDelete"The anticrisis toilet paper attracts success and money, gives delivering from unfavorable situations, instrumental in growth of profits, cashs, helps to create money accumulations...
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&Item=220331816906 "
And now I think: buy or not buy?
Ever hear of self-fulfilling prophecies? Get real, guys...
ReplyDeleteGREED, POWER AND INCREASE IN KNOWLEDGE HAS BROGHT US HERE, ALSO, REMOVING GOD FROM OUR SCHOOLS, FROM OUR CHURCHES, FROM OUR DAILY LIVES HAS BROUGHT US HERE. COULD THE ECONOMY CRISIS BE THE BEGINNING OF THE BIBLE PROPHECY? THE BIBLE NEVER LIES... WHO WILL CAUSE THE ABOMINATIONS OF DESOLATION THE BIBLE MENTIONED IN REVELATION? WE HAVE BROUGHTTHIS CRISIS ON OURSELVES. WE HAVE ALLOW HATRED TO GAIN TOTAL CONTROL IN OUR MINDS. ITS ABOUT TIME TO START READING THE BIBLE AND HAVE A REAL STRONG RELATIONSHIP WITH "JESUS CHRIST". BY SAYING I'M A CHRISTIAN AND NOT DOING THE WILL OF GOD IS BEING A HYPOCRITE. I URGED EVERONE WHO READ THIS ARTICLE TO PLEASE READ THE BOOK OF DANIEL AND REVELATION, UNDERSTAND THE FACTS. PRAY TO GOD WHO IS IN HEAVEN. THE GOD OF ABRAHAM, THE GOD OF NOAH, THE GOD OF ABEL, THE GOD WHO CREATED TH SEAS, RIVERS, HILLS, MOUNTAINS, LAND, PLANETS, ETC... STOP WORSHIPING FALSE GOD, STOP! BEFORE IT'S TOO LATE.
ReplyDeleteI came from a very Pentacostal religious upbringing,and I have seen way too much deciet in that religion. All religions are built on the fear of "what's after death" look at ALL Religions and Pegan beliefs.If people would just stop worrying about what happens after death and just wait till it comes we'd all be better off! It has nothing to do with our economy! It's all about greed and the influence of the very rich! We are headed for a world in which the U.S and all other industrial nations will have a basically two tier system with The Rich owning everything and a very small middle class(skilled tradesman and craftsman) and the vast majority will be peasants! Get ready it's coming. Just think of the Middle ages and what Great Britan was like!
ReplyDeleteThe bible says during the end times there would be a financial crisis. This one we will not recover from. The Lord Jesus is coming back very soon and all the signs are here to show it. The economy is just one sign.
ReplyDeleteThou shall not covet. Human sinners covet. They buy it. They charge it. Greed finances it. Sinners overcharge, overbuy, overconsume. Greed happy to lend. Sinners loose job or overstretch or unexpected costs materializes. Greed not get paid back. Sinners stop consuming (coveting) Most resilient economy on earth reach new level of irrational exhuberance and then spirals downward. Adjustment spreads to world economy. Too many suppliers continue to offset fewer demanders (coveters) Suppliers reach new adjustment point. Coveters reach new adjustment point. Cycle repeats. It's called goals, dreams, endless persuit of self gratifying happiness, drive for a better life, however, sinners realize but ignore fact, "most of unhappiness caused by comparison", aka covet. Less covet, more happy.
ReplyDeletemy goodness, dont you people realize that the disrespect and disobediance to YAHWEHs laws have put the world in this position? ah but i forget you people im sure dont know the laws (613 of them to be exact) of YAHWEH and im sure dont know him or his name. try looking at the preface of the dusty bible you have and see if it mentions his name. then ask yourself why YAHWEHs name is missing 6823 times in the old testament alone. then ask YAHWEH to show you the truth and then you will be free of all this worry.
ReplyDelete