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March 22, 2019 | Recession, Reset, Jubilee, Tier 1, Trump!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

Where is our world going in 2019 and after? What is happening?

As I have said for months, our real economy is not growing and our digital economy is mostly fake. The up and down of electronic ‘numbers’ within our stock indices does not represent valid economics IMO. We live with much deception, confusion, lies, fraud, and intrigue on this planet called Earth! Let’s review a few issues which are emerging and which will affect us all going forward:

  1. The coming financial recession has started IMO. The 10 year treasury bond has declined to 2.437%. This is less than the 1 month bill of 2.478%. It is also less than the 3 month bill of 2.459. This inverted situation usually spells RECESSION coming. The U.S. DOW Index also declined today by 460.19 points (some are aware of what is emerging but many think that come Monday morning all will change to the positive again). After all, we have now had some 10 years of UP markets for investors.
  2. The idea called a RESET of our financial system is also emerging right on schedule. Basically, digital money (which is virtual money) is unsound money. This fake system which we now assume as being valid for our future growth is actually an unsound system with no real foundation. Money with NO TIE to material reality will eventually fail IMO. A RESET will more than likely be used to create this final Mark of the Beast financial system which is prophesied to occur. I see it coming!
  3. Another situation which is emerging is what I call the global debt JUBILEE. We have a situation where students can not repay their loans, many consumers with auto loans can not repay, many with mortgage loans can not repay, and our government can not repay any of their debt…and deficits will now grow into the trillions. Does this sound like a system which is viable, stable, and with a future? A debt Jubilee must occur at some point down the road. It could be in 2020!
  4. Another change which is occurring in April 2019 is this change in accounting rules which allows gold to be classified as a ‘tier 1’ asset for bookkeeping purposes. The Bank for International Settlements (BIS) is now allowing this change. This will allow many banks (some 189 or more) to value gold as a tier 1 asset (zero risk) for accounting purposes. This should allow some price increase in these commodities called gold and silver. Historically, gold and silver were viewed as money and also a currency. A change to tier 1 status should bring the prices of gold and silver up from present levels (if the authorities allow this to happen). Price suppression and manipulation could still continue, however. Watch what happens in April to the end of 2019 for evidence on what our authorities are doing and allowing on this issue of gold and silver! The American policy at our Treasury is key to any real changes.
  5. Finally, what will our eclectic leader, Mr. Trump, do as the economy tanks, Venezuela collapses, the Middle East peace process collapses, and the American debt situation becomes catastrophic? Will all his sanction policies, his military options and actions, his ‘economy is great’ thinking, and his election drama continue with no serious changes? It appears that election 2020 will start in a few months and we now have some 16 Democratic candidates who desire to replace Mr. Trump and his MAGA program. Socialism is the cry of the young and also many of our leaders on the opposite side of the political spectrum from Mr. Trump. Where is all this leading? Is it leading to growth, prosperity, peace, and happiness?

 

Conclusion: my sense is that an economic Recession (a serious one) will change the tune of all American voters going into 2020. Mr. Trump will likely be a one-term President given that which is emerging. Our problem, however, is that none of the candidates who desire to replace Mr. Trump have a vision which will bring us HOPE for the future. Socialism, Communism, and this Modern Monetary Theory called MMT will not reverse what is now emerging IMO. Is this the END of history for this planet?

 

Our world is heading for some chaos as the global electronic monetary system runs into a wall of resistance later in 2019 and 2020. Our problems are many and a new face on the political scene in 2020 is unlikely to change the deterioration which I witness emerging. We need new thinking and a NEW SYSTEM. But Socialism is not my view of our future. Communism is not my view. Agenda 2030 is not my view. At the core of our problems is this idea called MONEY. What is this idea? Who invented this idea? Is it an idea which we NEED for our future? Think for yourself to discern these issues! Enjoy!

 

Evidence that demands a verdict:  http://www.usdebtclock.org.

 

 

I am: https://kingdomecon.wordpress.com.

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March 22nd, 2019

Posted In: Kingdom Economics

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