Tuesday, August 23, 2016

WILKERSON WARNINGS - PART 1, ECONOMIC TURMOIL

Pastor David Wilkerson claimed that he was not a prophet but a watchman on the wall.

I am not a prophet, and I refuse to allow anyone to put that tag on me. But I am a watchman. Just one of many in this nation who now warn Americans to get ready for persecution and judgment. --Racing Toward Judgment, 1976

Appliance inventories will pile up, and sales will fall off dramatically. --The Vision, 1973

It's Now Cheaper To 'Buy' A Dry Bulk Freight Tanker Than A Starbucks Coffee

Recession Watch: Freight Volume Drops, Worst Level since 2010… Inventory Glut, Lousy Consumer Demand, Weak Global Economy

-------------------------

The auto industry is going to be hurt badly. --The Vision, 1973

Another Credit Bubble: Car Loans Top $1-Trillion For First Time, The Delinquency Rate Is Rising, The CEO Of The Nation’s Largest Bank Raises A Red Flag

GM, Ford US Auto Sales Tumble In "Bellwether" Month Of May

Jamie Dimon Warns "Someone Will Get Hurt In Auto Lending" As Citi Sees No Rebound From Abysmal First Quarter

New Obama scheme could damage 90 percent of cars; 'Greater potential threat to your fuel system and to your engine'

-------------------------

I believe we are going to witness the bankruptcies of some of this nation's major and most popular corporations. --The Vision, 1973

Business Debt Delinquencies Are Now Higher Than When Lehman Brothers Collapsed In 2008

Caterpillar to Cut Jobs, Sell Divisions as Energy Slump Hits Mining

Corporate defaults reach 100 — a 50% jump from this time last year. It reached 177 in 2009.

Is this the death sentence for U.S. oil well strippers?

Macy's to close 100 stores starting in early 2017

Nightmare at the Mall: Brick-and-Mortar Retail Totally Loses it

Oil Crash Creates Glut Of Petroleum Engineers - More Layoffs Coming

Ralph Lauren to close 50 stores (USA Today )

The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs

-------------------------

The entire nation will tremble with economic and social upheaval. . . . Pensioners will suffer the most. --Racing Toward Judgment, 1973

407,000 Workers Stunned As Pension Fund Proposes 60% Cuts, Treasury Says "Not Enough"

Americans and their 401k plans (cartoon)

Dallas Cops' Pension Fund Nears Insolvency In Wake Of Shady Real Estate Deals, FBI Raid

'Deadbeat' Chicago in pension trouble

Establishment Tries To Suppress "Dissident Actuaries" Explosive Report On Public Pensions

Here Come A Lot Of Angry Teamsters: One Of America's Largest Pension Funds Demands A Taxpayer Bailout

Illinois Lawmakers Override Bill Veto To Ease Chicago Pension Payments, Propose "Financial Transaction Tax"

Pension Debt Exceeds 40k Per Household

Pension Returns Set to Plunge to Record-Low Levels

Popular Social Security Benefit Cut Looming for Seniors

The Federal Reserve Has Created An Unprecedented Disaster For Pension Funds

Top 25 Corporate Pension Plans Alone Are Underfunded By Over $225 Billion

-------------------------

Economic setbacks and confusion will catch many unprepared for the consequences. Suicide will follow. There will not be a repetition of scenes so familiar during the Great Depression when businessmen committed suicide by jumping from windows. Nor will they be putting guns to their heads and pulling the triggers. The new method will be suicide by overdoses from sleeping pills and other chemical sedatives. --The Vision, 1973

Antidepressants in America are causing suicide rates to soar, especially among young women

CEO of Switzerland’s Biggest Insurer Commits Suicide

U.S. Suicide Rate Surges to a 30-Year High (NYT)