Mon, 23 Dec 2024 07:54:50 -0800WeeblyMon, 12 Oct 2020 22:54:22 GMThttp://plim2.org/the-depression-hasnt-hit-bottom-yet_10-6-20/the-depression-hasnt-hit-bottom-yetFrom October 6, 2020  email.

The depression hasn't hit bottom yet. 

As we approach the bottom of this worldwide depression, most Americans don't have a clue of what effect this depression will have on them. They don't realize their standard of living will drastically decline from the billionaires to the beggars in the streets. Many of the billionaires are trying to get liquid by selling their multi-million dollar homes and artwork. However, they still are not buying gold or silver.

Currently, there are over 50 million people unemployed, a remarkable number of bankruptcies and defaults, and record high forecloses and evictions. There are 2/3 of the US hotels who say they will close in six-month if they don't get a bailout. Can you imagine this?  Some of the most wealthy 5-star hotels need government help? Also, the airlines industry says they will layoff over 100,000 workers unless Congress  gives them a bailout. And these are not minimum wage jobs. Other corporations, including small businesses, are asking for the same thing. Now this doesn't 't include the American consumer who is also  bankrupt.  

Question:  Does the US have enough money to bail out everyone?  The corporations and the people too?  No one is asking the question with trillions and trillions of dollars being printed up out of thin air by the Federal Reserve, what will be the purchasing power or value of money?  At some point will we need a wheelbarrow full of money to buy our groceries? Maybe we will have a new digital dollar which won't resolve anything.

Remember, all this was foretold in Rev. 18th Chap., this is Babylon falling.  By next year, we should be hitting the bottom and may roll around there for a few years.  In 1929, during the Great Depression, it took 10 years to come out of the depression that ended with WW2.  Will we need WW3 to bail us out?

Do you have any silver as money fails? Gen. 47:15

Silver is now about $23 an oz.  We told people to buy silver when it was $6 an oz.  The masses won't realize silver is valuable until is reaches $100.  Poor dumb masses and sheepel!
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