USA - You had better buckle up, because it looks like we are in for a bumpy ride. On Wednesday, the Dow Jones Industrial Average was down a whopping 800 points. Not only was that the worst day of 2019, but as you will see below, there have only been three days in US history that have been worse. An inversion of the yield curve sent investors into panic mode, and the selling was fast and furious. And of course back on August 5th we witnessed a 767 point decline. So this is now the second historic decline that we have seen so far this month, and the month is only about half over.
Could it be possible that we are on the verge of a major stock market meltdown? An 800 point drop is definitely rare. Bank stocks led the declines as it gets tougher for the group to make a profit lending money in such an environment. Bank of America and Citigroup fell 4.7% and 5.2%, respectively, while J P Morgan also dropped 4.15%. The S&P 500 Financials Sector dipped into correction territory on an intraday basis. If you will remember, bank stocks also led the way down in 2008. Is history about to repeat itself?
Over and over again, we are seeing things happen that have not happened since the last recession. At first the mainstream media was slow to catch on, but now just about everybody is acknowledging the warning signs that are all around us. Unfortunately, the financial bubble that we are facing today is far, far larger than the one that burst in 2008. And so when this one also bursts, the pain will be much greater than we experienced the last time around.
Many are fearing the worst. For example, just check out what Martin Armstrong is saying… “I am overseas as a crisis is brewing which many might rename the 'Lehman Moment' to something more up to date. Clearly, the stakes are far higher to the world economy than anyone may truly appreciate. We are cascading toward a perfect financial storm.” Hmm – there is yet another prominent name that is using the words “perfect” and “storm” together. Very interesting.
Every major stock market bubble in US history has ended badly, and this one will too. We have been waiting for this twisted game to start unraveling for quite some time now, and it may be starting to happen.
“Just what is an APOSTLE?”
Today we find the Church of God in a “wilderness of religious confusion!”
The confusion is not merely around the Church – within the religions of the world outside – but WITHIN the very heart of The True Church itself!
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