In 2007, John Paul Jackson prophesied that the economies of the world would crash, but it will not be characterized by a single economic phenomenon but by several. As he stated in The Coming Perfect Storm, prophesying specifically to America:
A bubble of hope is going to come to this nation (fulfilled from 2016 - 2020), but it will be short-lived. And in that span, there's going to be just enough time for godly people to make the necessary adjustments. However, it will not be a time to take on additional debt. Commercial paper and credit card debt is another domino that will fall... as joblessness increases and buildings lay empty. I saw malls that were more than half empty, and stores that were closed... We had a financial planner ask the other day, 'Will it be stagflation, or deflation, or inflation, or hyper-inflation?' And I had to look at him and tell him, 'It's going to be all of these. They are all waves on a quickly-changing economic sea, and what has worked in the past will only work for a brief period of time in this changing economic era.' (The Coming Perfect Storm, 19:27 - 20:44)
This indeed appears to be the case now, for it's well on its way. The following video lays out why the current inflationary cycle we're in is going to eventually give way to a deflationary crash. Inflation will come down, but only when people can no longer buy goods at such high prices, and once consumer spending is no longer able to keep the markets moving, the only option will be for companies to lower their prices, even though they will take big hits in doing so. Once this happens, the only way most of them will be able to compensate is by laying off workers to stay viable, and this in turn will lead to even less consumer spending, which will further speed the deflationary crash.
The end result will then likely be stagflation, though it is still too early to tell when that fully sets in, and possibly not until all excess money has been drained out of the system. I should add that it is not all bad news, however. As the following video points out, those who can manage to stay out of debt and save some money will be in a position to buy goods at much cheaper prices in the coming years.
A bubble of hope is going to come to this nation (fulfilled from 2016 - 2020), but it will be short-lived. And in that span, there's going to be just enough time for godly people to make the necessary adjustments. However, it will not be a time to take on additional debt. Commercial paper and credit card debt is another domino that will fall... as joblessness increases and buildings lay empty. I saw malls that were more than half empty, and stores that were closed... We had a financial planner ask the other day, 'Will it be stagflation, or deflation, or inflation, or hyper-inflation?' And I had to look at him and tell him, 'It's going to be all of these. They are all waves on a quickly-changing economic sea, and what has worked in the past will only work for a brief period of time in this changing economic era.' (The Coming Perfect Storm, 19:27 - 20:44)
This indeed appears to be the case now, for it's well on its way. The following video lays out why the current inflationary cycle we're in is going to eventually give way to a deflationary crash. Inflation will come down, but only when people can no longer buy goods at such high prices, and once consumer spending is no longer able to keep the markets moving, the only option will be for companies to lower their prices, even though they will take big hits in doing so. Once this happens, the only way most of them will be able to compensate is by laying off workers to stay viable, and this in turn will lead to even less consumer spending, which will further speed the deflationary crash.
The end result will then likely be stagflation, though it is still too early to tell when that fully sets in, and possibly not until all excess money has been drained out of the system. I should add that it is not all bad news, however. As the following video points out, those who can manage to stay out of debt and save some money will be in a position to buy goods at much cheaper prices in the coming years.
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