A shot across the bow of the global economy has been fired. Germany, the U.K. and Japan have officially entered into recession, China’s property market continues in free fall while the U.S. credit rating and Japan’s have been downgraded by Moody’s, the world’s trusted credit rating conglomerate. While the Debt of the United States sits at upwards of 34 Trillion USD, it has now surpassed the GDP of the entire country year over year. Strangely though, the S&P 500, a stock index that tracks the share prices of 500 of the largest public companies in the United States, recently hit a record high in its valuation in stark contrast to the global economic outlook.

The last time this happened was the perfect storm which led to the Great Depression of the 1930’s. At the same time, Amazon CEO Jeff Bezos has sold 8.5 billion USD in Amazon stocks in just a 9 day period of time followed by Mark Zuckerberg and Wells Fargo CEO Jamie Dimon making similar moves. In a visit to the U.S. Congress in December Jamie Dimon and other CEO’s of major banks testified and warned that if policy makers fail to address the soaring debt, that America would have to default which would send the world economy into a tailspin. All of this while we see banks across the Untied States fail, having to be bought up by larger banks in order to mitigate any panic in the markets. Despite all of this, the fear and greed global index which ranges from extreme fear to extreme greed is now at extreme greed due to the fact that the stock market has hit an all time high and profit margins are through the roof.

All of that being said, war in the Middle East is also having severe repercussions on the global economy and trade routes. As the war in Israel continues, the Houthi Rebels in Yemen continue attacking Israeli and Western affiliated trade vessels, causing many casualties and even sunken large ships. This trade route, the shortest between Europe and Asia, accounts for about 15 percent of the world’s shipping traffic, and has forced several shipping companies to reroute their vessels causing even further economic uncertainty and longer wait times for goods to be delivered.

Russia and Ukraine continue a very bloody standoff on the frontlines of eastern Ukraine which likewise brings huge economic strain to all parties involved with hundreds of billions of dollars being spent by each side straining the economies of the west and the east.

Another all time record to pay close attention to is the price of gold. As of March 28th, gold sits at $2178 USD per ounce, nearly the highest in history. Not to be outmatched, Bitcoin has surged back past its all time high, hovering between 70,000 and 71,000 USD at the same time. This may sound like a good thing now if you made the right investments, but these are very clear signs that the global economy is teetering on a knifes edge as people put their money in traditionally stable commodities like gold more than ever before, and Bitcoin, what many are calling the world’s first digital commodity. People are looking for a safe haven in the case of a massive economic crash hitting the world stage.

If all of this is not enough to signal what is coming, take it from Warren Buffet who as of February 2024 has a cash reserve of 168 billion USD for the sole purpose of buying as much as possible when the house of cards comes tumbling down for pennies on the dollar. These are just some of many more signs of the impending crash ahead, but we figured this would get the point across to begin to prepare your finances to weather what is looking like what will be one of the biggest in history. And instead of seeing this as a coming crisis, look instead with the eyes of a billionaire to see it as a major opportunity instead. Prayerfully ask the Lord for divine strategies, and for Shalom during this time when the world is beginning to see the inevitable and react. Adonai bless you and keep you!

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