FINANCIAL ALERT: COMING EVENTS WHICH MAY IMPACT US DURING THE LORD’S FEAST SEASON

 

We are entering into the fall feast season and there are several upcoming events that we should be aware of. First let me share the dates of the fall feasts:

October 3 is the Feast of Trumpets—the sound of the warning trumpets of judgement. A warning to repent. The ten days between Trumpets and Day of Atonement are called the “Days of Awe.” The Lord will return with the sound of the trumpet.

October 12 is the Day of Atonement (Yom Kippur)—the day the gates close. The day we repent for our sins and receive God’s forgiveness and atonement. The righteous are redeemed on this day, but the wicked experience the wrath of God. It is a picture of the “last day”, the day the Lord returns.

October 17 is the Feast of Tabernacles (Sukkot)—the time of the wedding feast of the Lamb. The time when God “tabernacles” or lives with His people. It is a shadow of the Millennial Kingdom that will be established upon the second coming of Yeshua (Jesus).

These times and seasons on the Lord’s calendar have often been times of difficulty for the nations. This was the season the twin towers in New York City were struck down. This was the time and season of the financial collapse in 2008. In 2015 the tidal wave of immigrants from the Middle East were unleashed on Europe.

For greater understanding read Jonathan Cahn’s book: The Harbinger: https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3Daps&field-keywords=the+harbinger

Several events are on the horizon this year which may or may not have serious consequences for the world:

1. The United States House and Senate approved a bill to allow families of those killed in the Sept. 11, 2001, attacks to sue Saudi Arabia for any role in the terrorist plot, setting up a rare bipartisan showdown with the White House. President Obama has vetoed the bill. Congress is going to over-ride the veto today.  
    
   The Saudi government, which has denied any involvement in the Sept. 11 attacks, has warned that it might liquidate hundreds of billions of dollars worth of American assets if the bill becomes law, which many experts believe to be a false threat.
    
   That would mean they would begin to sell oil in other currencies than the US dollar and they would begin to liquidate billions of dollars into the market. This could cause a panic as other countries may begin to liquidate their US dollar holdings. http://www.nytimes.com/2016/09/10/us/politics/house-911-victims-saudi-arabia.html
    
2. The International Monetary Fund will officially anoint the yuan as an elite global reserve currency this Saturday. It will join the select basket of currencies (the dollar, euro, yen and pound sterling) that constitute the IMF’s currency unit, the Special Drawing Rights. This is a symbolically momentous event, yet the future of the yuan as a major international currency that intermediates global trade and financial flows is far from assured.

This event will open the door for the Chinese to conduct trade in Yuan instead of US dollars. That will eventually have a negative effect on the US dollar. The reason we can run up such high deficits in the US is because the US dollar is the World’s reserve currency. Once nations begin to trade seriously in other currencies they will no longer have to keep billions of US dollars in reserve. This, in turn, will limit the use of the dollar and put an end to US deficit spending. The consequences of this will be the loss of American hegemony. http://www.wsj.com/articles/the-limited-rise-of-the-yuan-1474908077?mod=rss_most_viewed_day_asia

 

1. Deutsche Bank has lost 51% of its market value this year.  The BKX bank stock index is down only 4% this year.  The relative performance isn’t just a red flag, it’s a “code red” five-alarm danger signal.At some point some counter-party to DB is going to ask the bank to post more collateral against some type derivatives contract.  That’s when the fun will begin…  http://www.silverdoctors.com/headlines/finance-news/deutsche-bank-we-dont-need-a-bailout/#more-72858
    
2. In addition to Deutsche Bank the Italian banking system is in heavy debt and under stress. http://www.marketwatch.com/story/more-pain-for-italian-bank-shares-as-ecb-calls-on-lender-to-reduce-bad-loans-2016-07-04
    
3. These are just a few examples of the financial problems we are currently facing as we approach the season of the Feasts of the Lord. These events will have political and financial fallout. I am not saying it will happen in the next three weeks but we should be alert and paying attention. A storm is on the horizon.
    
4. Watch this video for more: http://usawatchdog.com/standing-on-house-of-cards-jonathan-cahn/