Prophetic Intelligence Briefings
Dollar, Market Headed for Collapse · March 03, 2010
A new book says the “[U.S.] dollar, the economy, and the stock market are headed for collapse. The book is titled “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown.”
“The book — written by David Wiedemer, Robert Wiedemer, and Cindy Spitzer — states that two big bubbles have yet to burst: the dollar and $12.3 trillion in government debt.”
“Look out below when they pop,” says Davidson, a columnist for Financial Intelligence Report published by Newsmax. “The dollar index has slipped 17 percent since Obama took office. The White House and Federal Reserve seek a weaker dollar partly to boost exports. But they also want to see the currency drop so that it becomes cheaper to pay back our debt…”
“Our debt burden will ultimately collapse due to hyperinflation, he says. The ‘Aftershock’ authors say we’re headed for a crisis because we aren’t going to pay back the debt, Davidson explains. ‘We have made no effort to pay it back, and there’s no plan to pay it back,’ he said.”
“There are not many, even among educators and statesmen, who comprehend the causes that underlie the present state of society. Those who hold the reins of government are not able to solve the problem of moral corruption, poverty, pauperism, and increasing crime. They are struggling in vain to place business operations on a more secure basis. If men would give more heed to the teaching of God’s word, they would find a solution of the problems that perplex them.” Testimonies for the church, vol. 9, page 13.
