What will an overwhelming amount of uncertainties in global economies bring to our shores?

What will an overwhelming amount of uncertainties in global economies bring to our shores?

There are a few more economic problems globally that we can see right now — and still more continuing to surface every day. These problems and issues are not all caused by geopolitical events or political uncertainties here in America. We now have real global growth concerns and an increasing risk of economies slowing even more.
It would now appear that Wall Street has finally opened its eyes to some things that I wrote about a year and a half ago. The banking sector, I believe, is in trouble. Far too many have totally lost sight of the fact that three years ago the Italian banks were in trouble . . . the third largest economy in the Euro block. I warned about that and I also warned about the financial and banking sectors in Spain and Portugal. And then, of course, the worst of all would be Deutsche Bank. Deutsche Bank is now considering a merger with the second largest bank in Germany, which is also struggling from lack of equity, debt, and capitalization issues. I don’t believe merging the two largest banks — both with fundamental problems, debt issues, and struggling from lack of demand for banking services — is a viable solution. This is going to leave one big bank with which the government will have little choice but to become more and more involved. Maybe that is their desire . . . to have an economy based on the dictates of the government on the financial system and economic stimulus. But I hope they keep in mind that they have no control over their currency, so they will never have the kind of control over their economies — such as a communist regime like China might.
That Germany’s industrial output is down for the fourth straight month is bad news enough, but Singapore’s import/exports are really ugly and a huge problem. The inability to import and export to and from China is another problem — and none of this these economic issues are coming as a result of inflation. In fact, one of their bigger problems may be deflation and they simply have no ammunition to deal with it. The UK and its Brexit issues are of concern as the pound continues to drop. Central banks are running out of bullets around the globe and they will have little choice but to sit idly by while economies are collapsing all around them.
The impact of this on humanity and economies will be devastating . . . if things don’t change. Keep in mind that, if the eurozone nations were to slow down significantly and currencies continues to grow weaker, there will be bigger problems for China . . . and, certainly, these problems will make landfall here in America. Remember that the combined countries of the eastern and western European nations comprise the largest economy in the world and this is the number one area for China’s exports. This alone could continue to keep China’s economy in a significant slowdown with a low GDP environment. And, again, central banks around the globe will have no ammunition to do any kind of stimulus whatsoever. Globally wars, starvation, poverty, and millions dead will make an economic crisis pale by comparison. Must this be? No, but a solution is going to take pragmatic leadership, political will, and global unity. None of which is on the immediate horizon.
Are you scared yet?  My goal is to not to scare anybody, yet I would feel irresponsible by not at least pointing out some of the issues that I wrestle with every day. Unfortunately, my wrestling is of little consequence for a plan to start solving some of these circumstances that could lie ahead.
My hope is that I can help all of you be better informed in understanding that over the next several months we could start seeing the caution lights flashing very brightly. Yes, all of the above might be a bit dramatic; but we need to be vigilant and prepared.
Some of you reading this may not be a partner with our Ministry and that’s fine; but please make sure that part of your portfolio (whoever is managing it) has a little bit more cash than might be recommended. . . and a firm strategy to weather some economic storms. As far as some of the other storms that I’ve outlined here, there is little we can do, though there will be many people selling you a “plan” to do something. The best thing we can do, in the worst-case scenario, is to prepare our evangelism strategy to save the lost.
By |2019-02-15T16:35:01+00:00February 15th, 2019|News Updates|

Changing the plan will require you to set up the sectors again

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