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)"
Digital currency replaces physical means of payment such as cash and checks. The handling and managing of physical transactions is more expensive as it requires people rather than a program to manage transactions. As the five big banks control 90% of all deposits–essentially a monopoly– their adoption of digital currency would impose it on all banks.
A digital currency means your money is no longer in your hands. It can be denied you intentionally or accidentally. You no longer will have a cash hoard as a backup. Possibly, if they are permitted to exist, you could collect anonymous debit cards preloaded with specific amounts, but if digital money is to be used for control, their existence is unlikely. Moreover, hackers are as likely to be successful diverting digital money as everything else.
The main destructive element of digital systems is that they remove humans from human contact. Scammers have eliminated the usefulness of a telephone as a device for speaking to another person....
You would be more distressed to know that governments were deliberately covering up the true extent of morality, hoping that the issue would go away over time.
A UK judge has just ruled it will not release the mortality statistics it has on deaths by COVID vaccination status because of the distress the data would cause. Would the distress cause more harm than the lethal vaccines themselves? It might, if millions of gullible citizens suddenly realized their governments forced a genocidal bioweapon on them and their families.
Orban met with Trump at the White House on Friday, masterfully handling a long agenda of items crafted to take both nations and the world closer to peace and Christendom.
Both governments reiterated their commitment to promoting peace efforts in Ukraine. Orbán noted that discussions about hosting a peace summit in Budapest remain ongoing. ‘Hungary offers its capabilities to assist in ending the war in Ukraine,’ he said, repeating his long-standing view that ‘Ukraine cannot defeat Russia militarily’.
Orbán characterized the meeting as ‘a day of Hungary in Washington’, noting that multiple ministerial-level discussions were held alongside the leaders’ summit. He described the talks as those of ‘two allied states with shared interests’, adding that no major disagreements emerged.
‘We identified no issue where our two nations’ positions conflicted,’ Orbán said. ‘There are no strategic differences between Hungary and the United States—only shared goals and cooperation.’