Worldwide Economic Collapse:

Jesus said the coming of the Son of Man will be just like the days of Noah (Matthew 24:37-39). The thing about the days of Noah is that even in the midst of terrible apostasy, evil, violence, and rebellion against God, the people went ahead with their normal lives. They planted fields, they harvested crops, they built houses, they got married, and they had children. They went about business as usual, until the very day that Noah entered the ark, and then destruction came and took them all away

1 Thessalonians 5:3 For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.

Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Business as Usual: Is the Great American Debt Bubble Going to Burst?

July 23, 2019 by IWB

That’s the question on everyone’s mind. This final visualization uses the Federal Reserve Bank of New York’s Center for Microeconomic Data to show how individual categories of consumer debt (mortgages, auto loans, student loans, credit cards, HE Revolving debt, and other) have changed since 2003. The most noticeable changes are that mortgage debt as a share of overall household debt has decreased, while student loans as a share of overall household debt has increased. It remains to be seen if these trends are the “new normal,” or if they are part of a cycle in which different types of debt wax and wane. Regardless, it’s important for both governments and consumers to keep spending and debts to a manageable level to avoid major financial problems in the future.