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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)"
April 7. 0206 PM
“A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will."
Donald Trump
"What has happened in [Hungary], what has happened in the midst of this election campaign, is one of the worst examples of foreign election interference that I've ever seen or ever even read about," Vance said during a press conference alongside Orbán.
"The bureaucrats in Brussels have tried to destroy the economy of Hungary. They have tried to make Hungary less energy independent. They have tried to drive up costs for Hungarian consumers. And they've done it all because they hate this guy," he added.
It is five days to the election.
April 7. Today is the day Donald Trump has threatened to destroy Iran’s bridges and power plants, which could lead to the deaths of millions, if the Iranians do not “Open the F---- Strait [of Hormuz].” Israel may join the assault by attacking the country’s train lines this afternoon.
An attack on Iran’s Bushehr nuclear power station raises a Chernobyl-like radiation cloud possibility, sending death slowly over the Gulf region, making some countries uninhabitable for decades and poisoning the water in the Persian Gulf. This would shut down many of the desalination plants which produce most of the region’s drinking water.
Projected radiation contamination:
