We explore real-life reformation here in this informed, online community.
Pastor Kevin Swanson makes two good points.
1. American stocks are overvalued.
2. There will be a big correction in 2024.
"Are American stocks overvalued?
The NASDAQ stock index has hit an all-time high, closing Friday at 16,826. That’s up from 1,204 in 2009, a 14-fold increase.
The Dow Jones Industrial Average closed for the year 2023 at 37,690, up from 7,060 in 2009. That’s a 5-fold increase. Meanwhile, almost every other stock market in the world hasn’t come close to these valuations.
WolfStreet.com reports that the Chinese Shanghai composite is still where it was in 2009. Japan’s Nikkei is leveled off where the index stood in 1989. The UK FTSE Index is up about 50% since 2009. Spain’s IBEX index is still where it was sitting in 2009. Canada’s Index is up about 40% from 2008.
Economist predicts 2024 “biggest single crash year in our lifetimes”
Is the American industry really doing 20 to 100 times better than England, China, and Japan?
U.S. economist Harry Dent told Fox Business: “Since 2009, this has been a 100% artificial [economy], with unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. … We’re in a dangerous state. 2024 is going to be the biggest single crash year we’ll see in our lifetimes.”
The economist forecasts an 86% crash in the S&P, a 92% crash in the NASDAQ, 96% for crypto, and significant deflation on housing prices.
But Jesus said, “Take heed and beware of covetousness, for one’s life does not consist in the abundance of the things he possesses.” (Luke 12:15) Our Savior also said, “Lay up for yourselves treasures in Heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” (Matthew 6:19-21)"
Rod Dreher asks, "I don’t understand why the government doesn’t deploy the army and shoot rioters until they stop. Philippe Lemoine, a Frenchman, says it’s not that simple."
Excerpt:
"We have let things rot for so long that, at this point, relying primarily on force to restore order would require a degree of violence far greater than what people realize and what is politically feasible.
It's possible to contain a riot using only moderate force when the number of police officers is high relative to the number of rioters, but when riots are so widespread and involve so many people because you have allowed this kind of things to happen for so long, that's just not possible and you have to use extreme violence to make up for the lack of manpower.
I know people on the Internet will say that it doesn't matter and that we should just do it, but the reality is that most of the people in charge are not prepared to use that kind of force and neither would most ordinary people if they saw ...
Even Marine Le Pen’s recent statements track this line: personal Islamic practice is compatible with the Republic; replacing French law with Sharia is not. French Muslims who are simply citizens practicing their "religious faith" “have no reason to worry” about a Le Pen election victory.
But can one be a practicing Muslim without demanding and practicing Sharia?
