The expression on the photo says it all...what is happening? The reality of an economy that is coming to a screeching halt!This quote says it all too from USA Today:
"The Dow Jones industrial average sank 504 points, or 4.4%, to 10,918 in the biggest point drop since Sept. 17, 2001, the day stock trading resumed after the Sept. 11 attacks. Monday's sell-off wiped out $700 billion in shareholder wealth" (By John Waggoner, USA TODAY).
What? $700 billion in shareholder wealth, GONE! The unfolding begs the questions...What OTHER Surprises are coming on in the economy? I believe that we are in a tail spin. There is something REALLY wrong when solid financial institutions such Merrill Lynch, Lehman Brothers, Bear Sterns, and AIG are on the brinks of total collapse.
If you review my previous blog posts, I talked about the falling dollar where euros are being accepted in NYC, the closing of 600 stores of Starbucks, the continued struggle of Ford and GMC. What else is to come...I say increased crime, unpredictable weather that will ruin parts of the country. I even think a big earthquake will hit California sometime this year before December 31, 2008.
America, America, where have you gone? What happened to the people? They have ALL gone astray, this is the fullness of the Gentiles spoken of anciently. The time is ticking, and there will be a paradigm shift that will place turmoil in the lives of the world community.
2 comments:
In your opinion, given the state of the economy, would you suggest putting together one's food storage and preparations while still somewhat in debt, or waiting until out of debt before proceeding?
I believe it being in the habit of doing it along the way. It is better to do a little bit that not at all.
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