Many years ago, back in 1993, Pastor David Wilkerson made a prophecy related to the trigger event for an economic collapse being pulled in Germany, of all places. The decades went by, life went on, and people forgot about it. Well, today’s events in Italy, with the imminent collapse of the “new populist government,” and the resulting economic chaos the government collapse is unleashing, required me to take a closer look. I wrote a book on Ezekiel’s prophecy about Gog and Magog, called “Ezekiel’s Islamic Confederacy,” waaaaaay back in 1992, so I have long had an interest in Bible Prophecy. Granted, I don’t put Pastor Wilkerson in the same class as either Ezekiel, or Isiah, but I take him seriously. At at rate, here is what Pastor Wilkerson said, and here is the economic crisis now unfolding in Italy. Further, Turkey, under its delusional leader Erdogan, is suffering from a currency collapse. Right now, we have imminent financial disasters happening in Italy, Turkey, Spain, and possibly Germany.
The reason Germany’s economy would collapse is it is tied to the EURO currency, and it is the EURO peg that caused all the problems in Greece, and now Spain, Italy, and Turkey. The Germans will now have to potentially “bail out,” Italy, Spain, and Turkey. This is after Germany has already bailed out Greece, more or less. Wilkerson’s prophecy may, repeat may, indicate that Germany is going to refuse to deal with Italy, Spain, and Turkey, which is a NATO member, although not an EU member. If Germany does that, it may trigger a general collapse of the EURO, followed by a general collapse of the EU. Finally, when you throw Brexit into the mix, things get even more dicey for both the EURO and the EU. Again, I am just pointing out that Wilkerson’s prophecy just exploded out of nowhere in the last several days. What happens if Spain, Italy, and Turkey unleash total economic chaos in Europe over the next week or so? I am just bring this to the attention of my blog readers. Actually, we now have two natural disasters, volcanoes on the Big Island, and the first storm of the season in the Gulf of Mexico.
Is a possible Greek or Italian default the marker of a prophecy given by David Wilkerson 20 years ago. Do the Greek people have any say in what their Euro masters tell them to do. Is America headed for a bank holiday? Is Mexico going to default? Are Americans prime for bankruptcy,
David Wilkerson: Global Economic Collapse Begins in Germany
- Derivatives – Never before in history have so many financial institutions exposed themselves to so much risk in the form of derivatives, which are financial products that derive all of their value from an underlying asset. Derivatives allow financial institutions to leverage their assets many times over. As a result, many investors hold a claim to the same asset while none of them actually own anything of real value. This approach works great when market values are moving up because profits are multiplied, but it is very dangerous when market values are moving down because losses are multiplied too. Large losses can force even very large banks to go bankrupt.
- Debt – Never before in history have there been so many nations in so much debt. Sovereign debt levels have increased significantly among almost all developed nations since the 2008 collapse of the housing market. The enormous debt burden makes it almost impossible to absorb the cost of any unexpected disasters.
- Here is the link to the economic crisis in Italy.
“A Toxic Coup Narrative”: Why Italy’s Political Crisis May Be About To Explode