PROPHECY NEWS WATCH
By Michael Snyder, Economic Collapse Blog
August 06, 2024
CCPO Note: Multiple financial experts have been warning of an impending global financial meltdown for some time. Are we now on the cusp of such an implosion? Such an event may be the trigger for the globalists to implement their “The Great Reset,” which would mandate use of a global digital currency, already in use in some countries. This in turn will lead eventually to the global surveillance state and economy of a totalitarian one-world government. During the latter half of the future, seven-year Tribulation Period, Antichrist will exploit this technology to force compliance - Only the obedient will be able to purchase food and other necessities of life: “It [the Beast] also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name” (Revelation 13:16-17, NKJV).
For a long time, there was a lot of denial about the direction that the U.S. economy was heading. The Biden administration and the mainstream media just kept insisting that everything was just fine even though everyone could clearly see that it wasn’t. But now reality is setting in.
Last week we got some numbers that Wall Street really didn’t like, and a massive temper tantrum ensued. The panic that we witnessed on Friday and continued on Monday was quite breathtaking, and many are concerned that it could bleed over into the new week. Investors are desperate for the Federal Reserve to cut interest rates, but so far the Fed has not moved.
On Friday, many were surprised when the employment numbers were much worse than anticipated…