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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)"
--James 2:12
GK Chesterton on adultery:
"The revolt against vows has been carried in our day even to the extent of a revolt against the typical vow of marriage. It is most amusing to listen to the opponents of marriage on this subject. They appear to imagine that the ideal of constancy was a yoke mysteriously imposed on mankind by the devil, instead of being, as it is, a yoke consistently imposed by all lovers on themselves. They have invented a phrase, a phrase that is a black and white contradiction in two words - ‘free-love' - as if a lover ever had been, or ever could be, free.
"It is the nature of love to bind itself, and the institution of marriage merely paid the average man the compliment of taking him at his word. Modern sages offer to the lover, with an ill-favored grin, the largest liberties and the fullest irresponsibility; but they do not respect him as the old Church respected him; they do not write his oath upon the heavens, as the record of his highest moment. ...
Opinion by Lau Vegys:
America's problems aren't fixable with patriotic sentiment. They're mathematical realities that don't care about your flag-waving.
The national debt recently hit $37 trillion. By 2033—the same year Social Security's trust fund runs dry—we're looking at debt exceeding $50 trillion. Interest payments alone will consume nearly half of all tax revenue.
At that point, the Federal Reserve will have no choice but to print tens of trillions of dollars to bail out the Treasury. The resulting inflation will make the early 1980s look like a picnic.
And of course, as I mentioned in a recent piece, whether it's $37 trillion now or $50 trillion in about eight years, the headline number is just the tip of the iceberg.
Add it all up—Medicare, Social Security, federal pensions, and other off-the-books promises—and the real financial hole the U.S. government faces is closer to $150 trillion. That’s nearly $1 million per taxpayer.
The Guardian reports that 15,000 Afghans were relocated to the UK in a secret scheme, while Breitbart reported that nearly 24,000 Afghans were brought in, with the British government earmarking £7 billion to secretly house and import them.
The UK taxpayer has no choice but to pay up, while government transparency was lacking.
Whether all these Afghans were vetted remains unknown. Given the reputation of the UK along with many Western countries, the vetting process for migrants is nearly nonexistent, and highly questionable in this case in particular.
Also, in the spring of 2023, while Rishi Sunak was prime minister and many UK military families had no heat or hot water, the government continued to host illegal migrants in plush hotels, at the cost to taxpayers of $8.5 million USD a day and rising. And while homelessness was up over 27% in Britain, illegal, mostly Muslim migrants from the Middle East and Africa, were royally served in those plush hotels. Now it comes to light that in...
