2013 update to the coming crash caused by world debt

On May 16, 2013 · 5 Comments

I thought it was time to update my coming economic crash caused by world debt article. That article is still receiving a few thousand downloads a month, so updating it seems appropriate. Some think everything is fine now and we are on our way to economic recovery but this update should dispel that myth.

I can’t post the whole update or article here because it is posted elsewhere on this site and I would end up with a duplicate content penalty by the search engines. Therefore, you will have to follow the link at the end of this post to read most of what I said in the update and the original article.  What follows are a few excerpts from my 2013 update.

The coming crash caused by world debt

2013 update - I actually wrote this article in 2000 and I have been updating the debt figures and also inserting new information along the way, but it is now 2013 and what I said would be coming has been underway but our government has also done unthinkable and unconstitutional things to push off the inevitable debt crash for a number of years. Even so, I believe what they have been doing is also going to make a recovery impossible before massive world wars and civil upheavals.

The first thing I want to say is that if you are in the stock market right now, it might be wise to get out now, or you are likely to lose your savings again like so many did in the crash of 2008. The numbers may drop as far or worse than the last crash and the value of stocks adjusted for inflation are likely to be far worse.

The EU nations are in the longest recession in their history and there is no end in sight. Japan is in recession and has not had any growth in almost two decades. Greece has 30 percent unemployment and they burned city trees last winter for heat. Riots are inevitable. Spain, France and Italy and others are not far behind and fascism is rising in many EU nations.

 No future generation can possibly pay this huge rapidly increasing debt and soon nobody will be stupid enough to continue to finance our increasingly risky debt at the abnormally low interest rates that came about by illegal actions of the Federal Reserve. The Federal Reserve Bank created 4 trillions dollars to buy most of our new recent national debt and mortgage debt with money that they created and that nobody will buy in the future. It is a Ponzi scheme.

That happened in the 1930′s and it made a bad recession into a long world depression. That now seems to be our future and along with the deflation depression or hyperinflationary depression that is bound to come, it will allow the rise of populist demigods who will convince people that they know who is to blame and that they have all the answers. In other words, we are now repeating the same mistakes of the 30′s that led to the nationalist socialistic movements and the start of World War II. It will not be different this time except the stakes for the world will be much higher.

The same mistakes in housing in the US are being made all over again. I do not think this is a good time to invest in residential real estate unless you plan to really live in the house. The recent climb in values will probably be short lived as this country goes back into the next phase of this depression. Investment speculators who think we are in recovery are once again buying real estate and driving up prices. The percent of Americans owning their own home is actually still falling and have fallen to 1990′s home ownership levels. Family income in the United States and hours worked is still falling. The recovery is mostly phony and what recovery there seems to be is really built on the Federal Reserve creating more money and more government borrowing.

 Full article


All comments to my posts are monitored before posting. Please read comment policy (top bar) and especially stay on topic if you expect your comment to be posted

Print Friendly

 Don Koenig founded www.thepropheticyears.com website in 1999 after almost thirty years of independent study on the Bible and learning from many astute teachers within Christendom. Don created his website to write about Bible prophecy, biblical discernment and his Christian worldviews. Don wrote a free Revelation commentary ebook in 2004 named "The Revelation of Jesus Christ Through The Ages". The World and Church and Bible Prophecy section of this website was started in 2007.


Share

5 Responses to “2013 update to the coming crash caused by world debt”

  1. The DOW just hit 15,354.40 so why do you have to be so negative? LOL, I enjoy your websight and keep telling it like it is.

  2. CraigNo Gravatar says:

    Don,

    Barring some solar CME event, and as oriented to the Americas, using all of the above financial / economic and other various political fodder, how do you see all of this working in to world war(s) scenarios?

    You’ve brought up dealing with Iran, and that of course has repurcussions for the Americas, although conflict with Iran is more about their nuclear thread to Isreal and the regional instability in general versus the dismal economic situation of the various key world players.

    I guess I’m looking more for your “unofficial hunches” vice what you have posted on your site (which is likely a bit more “reserved”, as it should be). In other words, “speculation encouraged” (not that I would hold you to it, only to get ideas thrown out there).

  3. DonNo Gravatar says:

    Craig,

    It is hard to say how all this will actually play out, wars and world events often do not play out like anyone expects. Read my 2010-2020 world trends projections for my views about events during this decade (sidebar).

  4. I have been thinking over the past year that this global debt issue is something that could bring more nations under a unified financial system and government. Just like how countries in the EU, like Greece are being assimilated via debt I can see the same thing happening to the west.
    I think that someone will one day say, hey let’s just wipe the slate clean. You just sign over your country and its resources, fall under our system and your debt is no more.
    There may be a lot more that happens and probably a lot of pain between now and then but it is just a thought I had for where this could go.

    More motivation to be real about out faith and endure.

  5. CraigNo Gravatar says:

    Whew… I think I found (consumed) your site around 2011 time frame and missed the 2010-2020 projection page (although I don’t tend to peruse blogs — I should).

    Suffice to say, I’m only “prepared” for the rapture which, as you say, may or may not happen in this decade. The rest of “beyond overwhelming”.

    I will say the whole “doomsday prepper” thing (as on one of the cable channels) is a turn off to me. First, it’s not a “day” and second I see prophecy and not “doom”. Sometimes I say the “Lord’s Prayer” has creation’s purpose covered in three words, namely: ‘We’, ‘Our’ and ‘Us’. Thus, hiding is something the wicked shall be doing when God’s judgment comes (which is not breaking seals) and not the genuine [pre-rapture] bride. Just sayin’

    Financial-wise, I’m not gonna try to find a rock / mattress to “hide” accumulated wealth. I managed to survive to this point based on the innate qualities the Lord created me (us) with, and so that’s what I’ll work with when the crash happens (which looks imminent). In the mean time, I’ll try to obtain some strategic items and leave it at that.

    While I’m here – I also do not see “revival” happening (at least not now) as even some genuine Christians are praying for.

    I guess “hang on for a crazy ride”. Thanks again.

Leave a Reply

Most Recent Comments
  • ISIS: Obama's dithering is letting a good crisis go to wasteNathan { Don, Thanks for the timely response. I agree with you that we are witnessing the fall of the US even... } – Aug 29, 12:20 PM
  • ISIS: Obama's dithering is letting a good crisis go to wasteDon { Nathan, I think we are already witnessing the fall of America and will continue witnessing it. After all, it took... } – Aug 29, 11:38 AM
  • ISIS: Obama's dithering is letting a good crisis go to wasteRod { Hi Don, The arab culture and thinking come into play. As long as the terrorists see a united enemy against... } – Aug 29, 11:08 AM
  • ISIS: Obama's dithering is letting a good crisis go to wasteNathan { Obama made his statement yesterday that his administration does not yet have a strategy to combat ISIS. And now it's... } – Aug 29, 9:57 AM
  • The Gog/Magog war of Ezekiel and Armageddon are different wars.Don { Hi Scot, There are going to be some similarities if means of mass destruction are used to kill people in... } – Aug 28, 9:59 PM
  • Older »
100 Top Viewed Posts
  1. The Book of Enoch and Bible prophecy
  2. Is Jesuit Pope Francis the Antichrist or the False Prophet?
  3. David Wilkerson's prophecy predicts riots, fires and looting in cities worldwide.
  4. Hank Hanegraaff's false theology and questionable character
  5. Debunking a Muslim Beast Antichrist
  6. Blood moon of Joel and Revelation not about eclipses of 2014 2015
  7. Does the war of Psalm 83 come before the war of Ezekiel chapters 38 and 39?
  8. Is the Parable of the Fig Tree about the generation that saw the rebirth of Israel?
  9. Don Koenig's world trends forecast for 2010-2020 AD
  10. Rick Warren apologizes to homosexual leaders because some thought he was against homosexual marriage.
  11. Oprah promotes Eckhart Tolle and doctrines of demons
  12. Mormon plan to establish a world theocracy from America.
  13. Nephilim, Aliens and Satan's angels have a common connection in end time prophetic events
  14. "The Shack" is "The Message" outhouse.
  15. David Wilkerson's Prophecy of Run on American Banks
  16. Will the Antichrist and his Beast government come from Islam?
  17. Jesus is not coming to rule the earth between 2012-2019
  18. Jim Bakker is back on the air and cooks up a new Heritage like Village called Morningside
  19. Satanic purpose of the Malachy last pope prophecy is deception
  20. America may be in a inflationary depression by 2011 and a world war by 2012.
  21. Positions on the Ezekiel 38-39 war and the Rapture
  22. David Flynn and Newton's unified theory of Bible prophecy dating?
  23. Oprah has rejected true Christianity for the satanic counterfeit
  24. The prophetic end of the age is likely to occur around 2030 AD.
  25. Rising Christian Imperialism Fueled by Dominion Theology
  26. Comet ISON: Harbinger of death of a great nation or World War III?
  27. Petrus Romanus: an exercise in finding the future in the demonic
  28. The Gog/Magog war of Ezekiel and Armageddon are different wars.
  29. Apollyon is not Rising in 2012. You are being Hornswoggled.
  30. A brilliant defense against Steve Gregg's Preterism from Dr. Norman L. Geisler.
  31. Unless Americans reject evil, Obama will destroy this nation.
  32. The Church like Enoch was born on Pentecost and may be Raptured on Pentecost.
  33. Gerald Celente the world trend forecaster says America is in for a great depression and riots by 2012.
  34. Coming Christian wealth transfer or an ongoing third wave demon transfer?
  35. Many exhibit insanity because God gave them over to a reprobate mind
  36. The restrainer of 2Th 2:7 is not the Spirit filled Church
  37. Dr Norman Geisler reviews Hank Hanegraff's Apocalypse Code
  38. The 2012 cult: End of the world hysteria and deception from Satan
  39. The Iranian Syrian North Korean 2013 EMP Conspiracy
  40. Ten signs that the American president is under demonic control
  41. Rick Warren picks pagans to lead "Daniel Plan" in his "decade of destiny".
  42. A Fourth Reich Roman Empire Revival Fit for a Beast and a Gog Reunion
  43. Rabbi Judah Ben Samuel of 1217 tips Jack Van Impe on 2017 tribulation
  44. Rick Warren and the Saddleback Cult?
  45. The case for the Muslim...errrr...I mean...the Mormon Antichrist
  46. Compromising the gospel for church growth and American idol heretics.
  47. Ezekiel 37 describing literal resurrection and return of Israel?
  48. The mass exodus of the Baldwin's to Montana.
  49. The great Islamic world war between Sunni and Shiite Muslims.
  50. 2012: year that started events on earth many will desire to forget
  51. Biblical week indicates the kingdom on earth established 2030-2035
  52. The Great Apostasy of the Evangelicals
  53. We missed it, Obama is really the Antichrist, says John Tng.
  54. Present indications are that Jesus will return 2030-2040 AD.
  55. The Richard Foster of the Emergent Church Leaders
  56. Astute Bible prophecy teacher and author Joel Rosenberg (interview)
  57. Is the prophesied destruction of Damascus imminent?
  58. Nostradamus was a false prophet only the God of the Bible has prophets that are always true.
  59. Prepare for the great American blackout!
  60. Babylon the Great is about to rise.
  61. One Second After, explains why America is not in Bible prophecy?
  62. Greg Laurie's advice to the emerging apostate church.
  63. Christians need to take a biblical stand, for Christ's sake!
  64. The American Christian of 2012, 2013, 2014, 2015AD under an Obama administration
  65. Reasons to believe why Jesus will return before 2050 AD
  66. The revived Roman Empire Beast emerges with Fascist Socialism
  67. Erwin McManus’s False Teachings
  68. America chooses judgment through the fascist tyranny of Obama
  69. Survival Guide for Dummies - Surviving the next ten years in America
  70. When Jesus comes will there be faith on the earth? Yes, no and then yes!
  71. Those obsessed with Bible prophecy might become unprofitable servants
  72. Will the fallen angels claim to be Aliens or Gods, that is the question?
  73. Mary apparitions may be the deception that unifies world religions into becoming the Harlot of Revelation
  74. 2 Ch 7:14: If My people read the context there would be less presumption
  75. The Satanic world system is rapidly progressing toward Antichrist
  76. Beware of getting snared by legalistic churches that love to put heavy burdens on your soul.
  77. Joel's Army the manifest sons of deception!
  78. If Bible prophecy will be fulfilled, why expect worldly solutions?
  79. Mark of the Beast communication system may now be under development
  80. Disbanding of the United States of America now grows inevitable
  81. Christians will be caught unaware because they gave up premillennialism.
  82. What if Muhammad was a myth and Islam a Gnostic teaching?
  83. Seventh millennium in two decades, these are the prophetic years
  84. An EMP strike and the end of our nation as a superpower is more likely than not within a decade.
  85. The revived Mediterranean Union will also be the revived Roman Empire
  86. Muslims rage over the false prophet that promotes a demonic god
  87. Will the Antichrist be a Jew or a Gentile? - A bakers dozen different views.
  88. Christians of America accept demonic choice for President in 2012?
  89. The demonic progressive agenda to turn man into rebellious beasts
  90. "I Am" beckoning by Glenn Beck
  91. Bible Prophecy wars over an Antichrist out of Islam
  92. America will default on national debt or have Hyperinflation before 2020
  93. From 2010 until the Messianic Age Millennial Kingdom of Yeshua.
  94. Bill Salus teaching blazes an alternate path to Revelation Road
  95. Evangelicals and Apostates Together: Warren Osteen and Oprah
  96. Global elite believe world turmoil leads to their utopian end
  97. United States EMP aftermath preparedness discussion
  98. Are these tornadoes God's judgment on America or a test of faith?
  99. Those optimistic about America's future are not living in reality.
  100. What do you think will happen in America and the World in 2013?
15 Most Recent Posts
Spam stopped by Stop Spammer software

This site protected by:
Stop Spammers plugin for Wordpress
89640 spammers stopped.