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 |  Subject: Picture of the day the Eagle takes flight from the USA-Prophetic Warnings of October Economic Collapse Are Now Being Fulfilled  Wed Oct 09, 2013 11:32 am | |
| Picture of the day the Eagle takes flight from the USA-Prophetic Warnings of October Economic Collapse Are Now Being Fulfilledon October 9, 2013 AMERICAN EAGLE TAKES FLIGHT IN THE CLOUDS THE GHOST OF USA PAST. NEVER TO RETURN.Prophetic Warnings of October Economic Collapse Are Now Being FulfilledWarnings of an October economic collapse are now showing up in news reports about the United States debt ceiling deadline. With only ten days left before the United States reaches the debt ceiling, the two sides are at a stalemate.Neither side shows any signs of giving in. House Speaker John Boehner said the House does not have the votes to pass a debt-ceiling increase without add-ons, such as defunding Obamacare. Meanwhile, President Obama says he will only be willing to negotiate after the shutdown ends and the debt ceiling is increased. In other words, give him everything he wants up front and then he will be willing to negotiate.The Congressional Budget Office has reported that if the debt ceiling is not raised by October 17 the United States will be unable to borrow more money. As a result we will be unable to pay all of our bills, including benefits, salaries and interest, sometime between October 22 and October 31.In a report released on October 3, the Treasury Department warned about the potential for catastrophic consequences: - Quote :
- “Credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket. The negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse.”
An article published today by Bloomberg stated the danger as follows: - Quote :
- Failure by the world’s largest borrower to pay its debt — unprecedented in modern history — will devastate stock markets from Brazil to Zurich, halt a $5 trillion lending mechanism for investors who rely on Treasuries, blow up borrowing costs for billions of people and companies, ravage the dollar and throw the U.S. and world economies into a recession that probably would become a depression.
Among the dozens of money managers, economists, bankers, traders and former government officials interviewed for this story, few view a U.S. default as anything but a financial apocalypse. [Continue reading] So far, financial markets have not panicked over these reports, although they are starting to get nervous. The Dow Jones Industrial Average dropped by 143 points today. I believe these warnings should be taken seriously because they are the beginning of the fulfillment of a prophetic warning of an October economic collapse as identified in my previous post: Economic Collapse Coming in October 2013It is also leading to the fulfillment of another prophetic warning given by Cathy Lechner at the start of this year. She said, “There is a major crisis coming to Washington DC. It will capture the heart of our legislators and our president.” 
FULLARTICLEhttp://z3news.com/w/prophetic-warnings-october-economic-collapse-fulfilled/#.UlT1yqnPcPA.facebook |
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