{"id":40067,"date":"2017-01-04T08:00:07","date_gmt":"2017-01-04T16:00:07","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=40067"},"modified":"2017-01-04T11:28:24","modified_gmt":"2017-01-04T19:28:24","slug":"euro-gone-in-2017-what-12-financial-experts-predict-for-the-economy-in-2017-spoiler-alert-its-ugly","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/euro-gone-in-2017-what-12-financial-experts-predict-for-the-economy-in-2017-spoiler-alert-its-ugly\/","title":{"rendered":"Euro gone in 2017? ‘What 12 ‘Financial Experts’ Predict For The Economy in 2017 (Spoiler Alert: It’s Ugly)’"},"content":{"rendered":"

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COGwriter<\/a><\/p>\n

A reader sent me a link to the following today:<\/p>\n

Why 2017 Could See the Collapse of the Euro<\/strong><\/p>\n

Europe has not been doing well. Just this year, GDP per capita for the Eurozone as a whole finally returned to pre-crisis levels. It is claiming victory in Spain\u2014even though unemployment remains near 20% and youth unemployment is more than twice that\u2014simply because things are better today than they have been since the euro crisis began a half decade ago. Greece remains in a severe depression. Growth for the Eurozone over the past year has been an anemic 1.6%, and that number is\u00a0twice\u00a0<\/em>the average growth rate from 2005 to 2015. Historians are already speaking of the Eurozone\u2019s lost decade, and it\u2019s possible they\u2019ll soon be writing about its\u00a0last<\/em> decade, too. …<\/p>\n

The hope was that fiscal and monetary discipline would result in\u00a0convergence,<\/em>enabling the single-currency system to work even better. Instead, there has been divergence, with the rich countries getting richer and the poor getting poorer, and within countries, the rich getting richer and the poor getting poorer. But it was the very structure of the Eurozone that predictably led to this. …<\/p>\n

There is a huge gap in perceptions of what makes for good policies, especially between Germany and much of the rest of Europe.\u00a0 …<\/p>\n

The ambition of the euro was to bring greater prosperity to Europe. This, in turn, would promote economic and political integration. The euro was a political project, but the politics weren\u2019t strong enough to create the institutional arrangements that would ensure success. With the euro leading to stagnation and worse, it is no surprise that it has led to increasing divisiveness rather than to more solidarity. Today, it seems that the euro, which was supposed to be a means to an end, has become an end in itself\u2014the pursuit of which poses perhaps the single most important threat to the European project. …<\/p>\n

In order for a single currency system to work, there has to be more Europe\u2014more solidarity; more willingness of the stronger countries to help the weaker; more willingness to create institutions like a common deposit insurance and a common unemployment scheme\u2014than the current halfway house, which is simply not viable. But the failures of the Eurozone make such reforms increasingly hard. It is at least as likely that the political forces are going in the other direction, and if that is the case, it may be only a matter of time before Europe looks back on the euro as an interesting, well-intentioned experiment that failed\u2014at great cost to the citizens of Europe and their democracies. http:\/\/fortune.com\/2016\/12\/30\/euro-outlook-2017\/<\/a><\/p><\/blockquote>\n

While it is true that Europe is not that integrated, the goal of EU leaders is to work towards that integration.<\/p>\n

The Bible says that a European power will arise, despite not being well unified:<\/p>\n

41 Whereas you saw the feet and toes, partly of potter’s clay and partly of iron, the kingdom shall be divided; yet the strength of the iron shall be in it, just as you saw the iron mixed with ceramic clay. 42 And as the toes of the feet were partly of iron and partly of clay, so the kingdom shall be partly strong and partly fragile. 43 As you saw iron mixed with ceramic clay, they will mingle with the seed of men; but they will not adhere to one another, just as iron does not mix with clay. (Daniel 2:41-43)<\/p><\/blockquote>\n

As far as the Euro goes, notice that at least one French politician is opposed to it:<\/p>\n

January 4, 2017<\/p>\n

French presidential candidate and National Front leader, Marine Le Pen, said she wants to take France out of the euro, reiterating comments made the day before, and – taking a page out of the Yanis Varoufakis Grexit negotiating strategy playbook – added she wants to redenominate French government debt in a new national currency.<\/strong><\/p>\n

\u201cMore and more European citizens realize their economies have been suffocated by the euro,\u201d she told reporters on the sidelines of a press conference in Paris quoted by Bloomberg<\/a>.<\/p>\n

Additionally, following the British example. Le Pen said that before leaving the euro, she would hold a referendum on France\u2019s relations with the European Union and has pledged to hold such a vote within six months of an election victory.<\/p>\n

\u201cA national currency could be linked to a common currency,\u201d she added, without giving further details on the connection. She said she could see the EU setting up another currency like the ECU, or European Currency Unit, which the bloc used for internal accounting purposes before the euro was introduced in 1999.<\/p>\n

As Politico noted overnight<\/a>, the National Front chief has long called for \u201cFrexit,\u201d a French withdrawal from the European Union. This would happen after a referendum on EU membership if she was elected next May (Le Pen has suggested that she would step down if the French rejected her preferred outcome).\u00a0http:\/\/www.zerohedge.com\/news\/2017-01-04\/marine-le-pen-wants-france-out-euro-will-redenominate-french-debt-new-currency<\/a><\/p><\/blockquote>\n

Could the Euro be replaced. Possibly.\u00a0 Back in 2009, in my “2012′ book, I wrote:<\/p>\n

It would seem that once the U.S.\u00a0dollar totally collapses people all around the world will consider that even if the Euro\u00a0is strong, having a more gold-backed currency would be safer.\u00a0 Having the European power acquiring a lot more gold\u00a0to back the Euro (even if the backing is only implied) or possibly other future European currency (that might potentially replace the Euro) may greatly increase European credibility, prosperity, and influence around the globe.<\/p><\/blockquote>\n

Well, Europe will unify even if the Euro were to be replaced. That does not mean that Europe will not have problems (Daniel 2:40-43). A little while back, we put together a video titled: Chaotic ‘State of the European Union.’<\/a><\/p>\n

Irrespective of what writers and politicians may or may not believe, the Bible tells of reorganization and cooperation coming to Europe:<\/p>\n

12 “The ten horns which you saw are ten kings who have received no kingdom as yet, but they receive authority for one hour as kings with the beast. 13 These are of one mind, and they will give their power and authority to the beast. (Revelation 17:12-13)<\/p><\/blockquote>\n

Zero Hedge<\/em> posted the following:<\/p>\n

What 12 ‘Financial Experts’ Predict For The Economy in 2017 (Spoiler Alert: It’s Ugly)<\/strong><\/p>\n

January 4, 2017<\/p>\n

I\u2019ve said that President-Elect Trump is inheriting a mess of epic proportions<\/strong>and that we may still be in for a rough financial ride. While I do think that Trump is a far better choice than Hillary Clinton ever could have been, when a situation has been declining as long as ours has, it would take an absolute miracle to turn it around without some pain.And it turns out, I\u2019m not alone in my concern about the worst for our economic situation during the upcoming year.<\/p>\n

Here\u2019s what 12 prominent financial experts are predicting.<\/h3>\n

Lawrence Yun <\/strong>is the chief economist at\u00a0The National Association of Realtors\u00ae (NAR).<\/p>\n

\u201cThe budget of many prospective buyers last month was dealt an abrupt hit by the quick ascension of rates immediately after the election. Already faced with climbing home prices and minimal listings in the affordable price range, fewer home shoppers in most of the country were successfully able to sign a contract<\/strong>.\u201d (source<\/a>)<\/p><\/blockquote>\n

Gerald Celente<\/strong> is a trends forecaster who has a long history of accuracy. You can find his work at TrendsResearch.com<\/a>. He predicts:<\/p>\n

\u201cWe\u2019re forecasting the economy is not going to rebound with the economic proposals that are in place now. . . . The global situation has created an environment for financial panic.<\/strong> The financial panic conditions have been in place for quite a while. What Trump\u2019s victory has done is played it off for a little bit possibly, but on the negative side, you still have the debt and interest rates going up and the debt that has to be paid. On gold, we believe right now is near its bottom.\u201d (source<\/a>)<\/p><\/blockquote>\n

James Dale Davidson<\/strong>. He\u2019s the economist who correctly predicted the collapse of 1999 and 2007.<\/p>\n

\u201cThere are three key economic indicators screaming SELL. They don\u2019t imply that a 50% collapse is looming \u2013 it\u2019s already at our doorstep.<\/strong>\u201d (source<\/a>)<\/p><\/blockquote>\n

Marc Faber <\/strong>is\u00a0an investment advisor and fund manager. He is the publisher of the Gloom Boom & Doom Report newsletter and is the director of\u00a0Marc Faber Ltd.\u00a0Last month, he wrote:<\/p>\n

\u201c2017 will be [when] the US Economic causes a World Economic Collapse!<\/strong> Trump can\u2019t stop a dollar crisis, stock mark crash or gold and silver prices skyrocketing! \u201c. (source<\/a>)<\/p><\/blockquote>\n

Faber was also quoted in an article on The Sovereign\u00a0Investor:<\/p>\n

Mark Faber, Dr. Doom himself, recently told\u00a0CNBC that \u201cinvestors are on the Titanic<\/strong>\u201d and stocks are about to \u201cendure a gut-wrenching drop that would rival the greatest crashes in stock market history<\/strong>.\u201d (source<\/a>)<\/p><\/blockquote>\n

Harry Dent<\/strong>, Harvard economist, predicts the safe-haven of gold will be wiped out during 2017. From a conversation with\u00a0Economy and Markets:<\/a><\/p>\n

\u201cWhile many economists will argue that gold is not in a bubble\u2026 and insist it will soar to $2,000, $5,000 and even $10,000, my research has said otherwise\u2026I\u2019ve never been more certain of anything in over 30 years of economic forecasting.<\/strong>\u201d<\/p><\/blockquote>\n

Incidentally,\u00a0here is his latest report<\/a>.<\/p>\n

Ann Rutledge<\/strong> is a fixed income analyst who is a regular writer for Forbes. She analyses economic patterns and feels the slide has been underway since 2013. Last year, she wrote:<\/p>\n

\u201cSo, if you ask me whether we are going to have another global financial crisis in 2017\u2026I would say the odds are good. This one probably started in 2013 and by now is well under way.\u201d (source<\/a>)<\/p><\/blockquote>\n

Peter Costa<\/strong>, president of Empire Executions, has taken the unprecedented step of pulling out of the markets ,believing that they are overpriced and that a major correction is on the way. In an interview, he said:<\/p>\n

\u201cI think that a lot of these stocks, big cap, small cap, they all got ahead of themselves. And I think that there will be a correction<\/strong> to bring them back to some sort of normalization in pricing and once it gets back there, I\u2019ll be back in the market.\u201d (source<\/a>)<\/p><\/blockquote>\n

Chris Martenson<\/strong>, an\u00a0economic researcher, wrote:<\/p>\n

\u201cGDP growth is very unlikely to support the rate of credit expansion that the Federal Reserve wants (or, more accurately, needs). And what will happen if it indeed doesn\u2019t? A lot of painful, awful things \u2013 but central among them is a currency crisis.<\/strong>..” (source<\/a>)<\/p><\/blockquote>\n

Michael Covel<\/strong>, a teacher of trend-following and financial strategy ,thinks the collapse will start in Europe and then spread to the rest of the world.\u00a0He explains why in great detail, calling it chillingly \u201cthe next Lehman moment.\u201d<\/p>\n

\u201cDeutsche Bank has startling leverage of 40 times. Leverage is the proportion of debts that a bank has compared with its equity\/capital. That means Deutsche has 40 times more debt than equity\/capital. Keep in mind that Lehman Bros. was only 31 times leveraged when it imploded in 2008 and sparked the worst global financial crisis since the Great Depression\u2026France\u2019s clear discontent with the EU can\u2019t be overstated. The EU might survive Brexit. But a French divorce from the EU would be cataclysmic, both financially and politically<\/strong>. It would mark the official end of the EU.<\/p>\n

\u2026Bank runs would spread as consumers sought the safety of cash well before the actual earth-shattering event took place.<\/strong> It would start in French banks\u2026 and the knock-on effects would spread to other European banks that have relationships with French banks. This would create a huge decline in confidence, leading to a European-wide decline in bank lending… (source<\/a>)<\/p><\/blockquote>\n

Alessandro Lombardi<\/strong>, a former global investment banking analyst wrote:<\/p>\n

\u201cEmerging markets are the soft underbelly of the global economy. Many analysts expect the election of Donald Trump to the White House will change the United States\u2019 economic and monetary policies. This could worsen conditions for businesses in emerging markets that are financed in U.S. dollars. The result might be a global economic collapse in 2017.<\/strong>\u201d (source<\/a>)<\/p><\/blockquote>\n

Jim Rogers<\/strong>, who founded the Quantum Fund with George Soros, is on the record as saying:<\/p>\n

\u201cA $68 trillion \u2018Biblical\u2019 collapse is poised to wipe out millions of Americans.\u201d<\/strong>\u00a0(source<\/a>)<\/p><\/blockquote>\n

\u00a0Andrew Smithers,<\/strong> an economist with an unsettling history of being prophetic,\u00a0was quoted in the same article.<\/p>\n

\u201cU.S. stocks are now about 80% overvalued.\u201d <\/strong>Smithers backs up his prediction using a ratio which\u00a0proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.\u00a0<\/strong>(source<\/a>)<\/p><\/blockquote>\n

What do you think?<\/h3>\n

Personally, I\u2019m prepping harder than ever before.\u00a0http:\/\/www.zerohedge.com\/news\/2017-01-03\/what-12-financial-experts-predict-economy-2017-spoiler-alert-its-ugly<\/a><\/p><\/blockquote>\n

While physical preparations can be helpful, that is not where people should place their confidence:<\/p>\n

24<\/strong> Then Jesus said unto his disciples, If anyone will come after me, let him deny himself and take up his cross {Gr. stauros \u2013 stake} and follow me. 25<\/strong> For whosoever desires to save his life shall lose it, and whosoever will lose his life for my sake shall find it. 26<\/strong> For what is a man profited if he shall gain the whole world and lose his own soul? or what shall a man give in exchange for his soul? (Matthew 16:24-26, Jubilee Bible)<\/p><\/blockquote>\n

As far as the economy goes for 2017, it will have ups and downs. The stock market is unstable. Expect economic disruptions. Expect the USA to increase its national debt. We are in the period of time Jesus referred to as the ‘beginning of sorrows’ (Matthew 24:4-8) and there will be ‘troubles’ (Mark 13:8).<\/p>\n

This does NOT mean that the idea of European unity will occur in 2017 or that the dollar of the USA will collapse then.<\/p>\n

As far as the Great Tribulation goes, you can check out our sermonette-length video Will the Great Tribulation Start in 2017?<\/a><\/p>\n

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Some items of possibly related interest may include:<\/em><\/p>\n

Europa, the Beast, and Revelation<\/a> Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?<\/a>
\nEuropean Technology and the Beast of Revelation<\/a> Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation<\/a>.
\nMust the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations?<\/a> Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation<\/a>.
\nIs the USA now an Evil Empire?<\/a> Dr. Thiel gives many reasons to consider. A related video is also available: Is the USA an Evil Empire?<\/a>
\nUSA in Prophecy: The Strongest Fortresses<\/a> Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. A related sermon is titled: Do these 7 prophesies point to the end of the USA?<\/a>
\nWho is the King of the West?<\/a> Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: \u00bfQui\u00e9n es el Rey del Occidente? \u00bfPor qu\u00e9 no hay un Rey del Occidente en la profec\u00eda del tiempo del fin?<\/a>
\nWho is the King of the North?<\/a> Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out \u00bfQui\u00e9n es el Rey del Norte?<\/a> Here is a link to a video titled: The Future King of the North<\/a>.
\nDoes God Have a 6,000 Year Plan? What Year Does the 6,000 Years End?<\/a> Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2023 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up?<\/a> Here is a link to the article in Spanish: \u00bfTiene Dios un plan de 6,000 a\u00f1os?<\/a>
\nWhen Will the Great Tribulation Begin? 2017, 2018, or 2019?<\/a> Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: \u00bfPuede comenzar la Gran Tribulaci\u00f3n en 2016 o 2017? \u00bfEs el Tiempo de los Gentiles?<\/a> You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives<\/a> and Can the Great Tribulation begin before 2020?<\/a> A shorter video is: Will the Great Tribulation Start in 2017?<\/a>
\nWorld War III: Steps in Progress<\/a> Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
\n<\/a>Forbes\u2019 Brexit Monster is the Beast of Revelation<\/a> Various ones have been properly convinced that there is a plan for a European superstate. Forbes\u2019 writer Tom Worstall wrote that the Brexit vote was about the United Kingdom \u201cnot joining the monster of the European Union to come.\u201d The Bible tells of a Beast monster that will arise in the end times in Europe. Dr. Thiel cites news reports, as well as the Old and New Testaments, to show that the monster many fear will arise in Europe, despite the vote by the British to exit the European Union.
\nPost Brexit Prophecy<\/a> On June 23, 2016, the voters of the United Kingdom of Great Britain and Northern Ireland (UK) chose to leave the European Union. Now with this BRitish EXIT (Brexit) vote, what is prophesied to happen to the UK? Will the UK do well or be taken over and made slaves? Dr. Thiel explains from biblical prophecies what is ahead for the UK, Europe, and even the USA, Canada, Australia, and New Zealand. This is a video.
\nAnglo – America in Prophecy & the Lost Tribes of Israel<\/a> Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-Am\u00e9rica & las Tribus Perdidas de Israel<\/a>. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter?<\/a> and British are the Covenant People<\/a>. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?<\/a>
\nWill the Anglo-Saxon Nations be Divided and Have People Taken as Slaves?<\/a> Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? <\/a> Here is a related item in the Spanish language \u00bfSer\u00e1n divididas las naciones anglosajonas?<\/a>
\nBritish are the Covenant People <\/a> What do \u2018British\u2019 and \u2018Britain\u2019 mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
\nThe ‘Lost Tribe’ of Reuben: France in Prophecy?<\/a> What is the origin of this in France? What is prophesied to happen to them? A two-part sermon related to history and prophecy is available online: The ‘Lost Tribe’ of Reuben<\/a> and France and Prophecy<\/a>.
\nTen clues tying Belgium and Luxembourg with the tribe of Asher<\/a> Who did some in Belgium and Luxembourg descend from?
\nTen clues tying Zebulun with the Dutch<\/a> Who did some in the Netherlands descend from?
\nDonald Trump in Prophecy<\/a> Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Could a Donald Trump presidency be apocalyptic? A related video is titled: 13 Ways President-Elect Trump is Apocalyptic<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

COGwriter A reader sent me a link to the following today: Why 2017 Could See the Collapse of the Euro Europe has not been doing well. Just this year, GDP per capita for the Eurozone as a whole finally returned to pre-crisis levels. It is claiming victory in Spain\u2014even though unemployment remains near 20% and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40067","post","type-post","status-publish","format-standard","hentry","category-prophecy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t