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)"
Can we avoid entangling foreign alliances?
“A passionate attachment of one nation for another produces a variety of evils. Sympathy for the favorite nation, facilitating the illusion of an imaginary common interest in cases where no real common interest exists and infusing into one the enmities of the other, betrays the former into a participation in the quarrels and wars of the latter, without adequate inducement or justification.”
--- George Washington, Farewell Address.
Mark Sheboda concludes,
"The US/Israel realized:
that their regime change plans were not coming to fruition,
that the Iranian govt had more support and stronger foundations than they had believed,
that Israeli air defense was collapsing/exhausted and
that an attrition war of long range strike was going to go badly for Israel.
And Trump began to get freaked out over the rising price of oil with the Iranian threat of closing the strait of Hormuz.
So they wrapped it up, declared victory, and demanded a ceasefire.
Iran agreed because they too have been badly shaken through Israeli covert warfare and their own air defense all but collapsed.
The can will only be kicked down the road, and both sides will start rebuilding, and making preparations and plans for the next round, the next war. This was only a skirmish at the end of the day ..."
Zohran Mamdani's victory is an indication of how much of a victory 9/11 was for the global jihad. Today, a Muslim who wants to "globalize the intifada," which is a call for jihad, will be the city's next mayor. This shows the power of the "Islamophobia" narrative and the cost of stigmatizing and silencing those who were calling attention to the jihad threat.
The demographics of New York will change, as non-Muslims move out and more far-leftists and Muslims move in. There will be increasingly aggressive calls for application of more Sharia provisions. In other words, if you want to see what is about to happen to New York City, look at what has happened to London over the last decade.
--Robert Spencer
