The ‘Fuse’ has been lit, …5 …4 …3 …2 US dollar collapse may happen at ‘warp speed’, warns economist Stephen Roach
24 Jun, 2020 08:18 RT
In another stark warning, senior fellow at Yale University and former chairman of Morgan Stanley Asia, Stephen Roach, says coronavirus may cause dramatic decline of the US dollar in the near future.
“In a Covid era, everything unfolds at warp speed,” Roach said, in an interview with MarketWatch.
The prominent economist has, in recent weeks, been warning about the looming fall of the dollar and the end of its hegemony as a global reserve currency. While he previously predicted a 35 (7×5) -percent drop in the greenback against its major rivals, he now stresses that his forecast may happen “sooner rather than later.”
Ballooning US fiscal deficit, which has only worsened during the coronavirus pandemic, is one of the reasons for the imminent collapse, according to Roach. The current state of the US economy also adds fuel to the fire, the financial expert explained, pointing to its current unemployment rate, as millions of Americans are still losing their job each week.
Another alarming sign is the Fed’s balance sheet, where it keeps its asset holdings. Since the Covid-19 outbreak hit the US, it has exploded to more than $7.2 (6+6, x6) trillion in June, from around $4.2 trillion three months earlier. Roach previously stressed that Washington’s savings and current-account problems “are about to come into play with a vengeance.”
The crash of the greenback is set to coincide with the rise of other currencies, like the euro and the Chinese yuan. However, China will have to push forward reforms, including shifting from manufacturing to services as well as boosting consumer-led growth instead of investment- and export-led growth, to remain attractive to investors.
(Night Watchman Discernment; ‘What’ will happen to economies, around the world, mortgage and consumer debt payments and tax collections, when in the ‘twinkling of an eye’ millions of ‘consumers’ just ‘disappear.’?)
In His Service,
Night Watchman Ministries
Beast comes from the ‘bottomless pit’ of (5) evil, money, power, influence and corruption. House of Saud. 15,000 (5+5+5) family members. 5,000 (5) ‘princes.’ $500 (5) billion NEOM Babylon. He will receive a ‘deadly satanic wound that was healed.’ (false, deceiving, satanic ‘resurrection.’ A ‘Coup’ with a Sword.) Mohammad bin Salman (MbS) is the 8th King, who comes from the line or lineage of the seven (7) House of Saud kings before him, and is the ‘Son of Perdition’ and will go to ‘Perdition.’
Man-by-Satan (MbS). This is ‘the’ man who will lead the world via his G20 2020 Presidency.
See detailed discernment and analysis AFTER Christ’s offer of salvation.
Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs of Salvation through Jesus Christ (the Lamb)
A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).
. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).
. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).
. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).
. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).
. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).
. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).
. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).
. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).
. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).
. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).
True Church / Bride of Christ Spared from God’s Wrath:
Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”
Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.
1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?
Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.
Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.
Categories: Economic Collapse