North America in total decline

Greetings,

 

From the US to Canada the judgment has come. There is much fear and fatalism that has grown in the hearts of the nations of North America. They knew that this time would arrive.

Now it has arrived and trouble has no limits. North America is under tremendous pressure and strain. Collapse is going on now!

….”America, and especially North America, has entered into the time that was predicted by Moses and the prophets between him and Jesus. In the 24th chapter of Matthew there is a prophecy made by Jesus of the present time of America, without mentioning her name.

He referred to the country as a world, because this part of the earth is referred to in many places, by prophets and by Jesus himself, as a wilderness. The name America is not yet 500 years old, so the prophets referred to it as a wilderness in their prophecy.

It is terrible. I use the word “terrible” because it is not a thing that can be described as something mild, or something that is moving slowly, nor something that can be recognized as easily by the common people.

It is clear to all who can see that America has reached the stage about which she always has been warned.”-Chp.48(The Fall Of America)

Canada Mauled by Oil Bust, Job Losses Pile Up – Housing Bubble, Banks at Risk

Ratings agency Fitch had already warned about Canada’s magnificent housing bubble that is even more magnificent than the housing bubble in the US that blew up so spectacularly. “High household debt relative to disposable income” – at the time hovering near a record 164% – “has made the market more susceptible to market stresses like unemployment or interest rate increases,” it wrote back in July.

On September 30, the Bank of Canada warned about the housing bubble and what an implosion would do to the banks: It’s so enormous and encumbered with so much debt that a “sharp correction in house prices” would pose a risk to the “stability of the financial system” [Is Canada Next? Housing Bubble Threatens “Financial Stability”].

Then in early January, oil-and-gas data provider CanOils found that “less than 20%” of the leading 50 Canadian oil and gas companies would be able to sustain their operations long-term with oil at US$50 per barrel (WTI last traded at $47.85). “A significant number of companies with high-debt ratios were particularly vulnerable right now,” it said. “The inevitable write-downs of assets that will accompany the falling oil price could harm companies’ ability to borrow,” and “low share prices” may prevent them from raising more money by issuing equity….More Here

 

And America……For Many U.S. Families, Financial Disaster Is Just One Setback Away

American families have made big strides repairing their balance sheets from the economic crash, but their finances remain disturbingly vulnerable to emergencies—a major obstacle to economic mobility, a new report says.

About 70% of U.S. households are struggling with at least one of three problems with their balance sheets—low incomes, insufficient savings or debt, according to an analysis of government data by the Pew Charitable Trusts on Thursday.

More than one-third of households face two or even three of the problems simultaneously, compounding their insecurity.

That most U.S. families aren’t secure enough to weather a financial storm matters because when a storm comes, it could wipe away their chances to accumulate wealth, prepare for retirement and generally improve their living standards.

“Families can’t be economically mobile if they aren’t economically secure,” says Pew researcher Erin Currier.

Here are four things keeping family finances so fragile.

1. The economy is growing, but the typical family’s paycheck is not.

Wages used to, you know, go up. Between 1979 and 1999, the typical worker saw earnings grow 22%, adjusted for inflation. Between 1999 and 2009, 2%. That hurts. Nearly half of households (47%) were “income-constrained” in 2013, Pew says, meaning their household spending was greater than or equal to their income….More Here

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