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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)"
Few thought it possible. They were not paying attention. British school children are a fast-diminishing percentage of the population. Do the math for 2036 and what do you see?
According to PC Roberts, Democrats represent the interests of the Muslim Brotherhood, and the Republicans the interests of Israel's Likud party.
And both parties led Mr. Trump around by the nose.
"After a decade we have complete evidence that for Democrats law is a weapon. Declassified FBI notes taken by agents who questioned General Flynn, former head of the Defense Intelligence Agency, who was Trump’s first term national security adviser for two weeks before a highly politically partisan FBI framed him on false charges, show remarkable differences between the FBI agents’ notes of what Flynn told them and the false charges, allegedly based on those notes, in the criminal indictment.
"It appears that the highly partisan Peter Strzok and Joe Pientka concocted a false indictment as part of the Democrats Russiagate orchestration, the purpose of which was to discredit Trump and his supporters as “Russian agents.”
"The actual interview notes have been kept secret for 9 years to ...
