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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)"
That's China's vision, objective and immediate goal. They have the leverage to make it happen.
Summary of Xi's January 2026 announcement:
"It's a sweeping vision for building a global financial power organized around socialist principles, without the greed and without a financialization of the economy (what Xi calls 脱实向虚, “drifting from the real economy into the virtual”).
-- Arnaud Bertrand
The Florida legislature has begun to move legislation to enact their prior approval for gold and silver coins to be legal tender in Florida.
This legislation will exempt gold and silver coins from sales tax in Florida. It also means that within Florida, there will be a means of payment independent of digital money created by governments for the purpose of controlling the population, it’s behavior, and it’s expressed views, in order that governments can rule via official narratives.
As other states follow suit, interstate transactions can be executed in gold.
This 55-year-old patient underwent:
40+ emergency department visits
200+ specialist evaluations across 18 medical disciplines
100+ advanced laboratory investigations
100+ imaging and functional studies
Across multiple biospecimens (plasma, circulating exosomes, PBMCs, and skin tissue) and multiple independent laboratories, we detected:
Vaccine-derived spike mRNA sequences in circulating exosomes more than 3.5 years after the final injection
Plasmid DNA elements (including spike gene sequences, ori regions, and SV40 enhancer sequences) in skin tissue
Persistent spike protein in plasma, exosomes, monocyte subsets, and skin tissue. Here's the paper:
https://zenodo.org/records/18460099?utm_source=substack&utm_medium=email
