News Briefs: What Will 2010 Bring?
Thursday, December 31, 2009 at 5:30AM
2010 is shaping up to be a tipping point for the nations. The past year and a half was characterized by the collapse of residential real estate prices and the securities market that was based upon mortgages. 2010 will continue that trend. Millions more are certain to lose their homes n the coming year. However, the next shoe to drop is the commercial real estate market. A collapse of the commercial real estate market could potentially sink the entire U.S. banking system.
It is not just real estate though. 2010 is certain to be characterized by the next phase debt blowout – sovereign default. Sovereign default is when nations go bust and can no longer service their debt obligations. Dubai, Greece and Spain are on the brink of default. Although not a nation, the state of California, which is the 8th largest economy in the world, stands at the brink of bankruptcy and default. It must be understood that in a global economy no nation is an island. The default of merely one seemingly insignificant nation can set off a wave of bank failures and topple the whole system, as nearly occurred in October of 2008 with the collapse of Lehman Brothers.
But it is not just the lesser nations that are facing bankruptcy. The Daily Mail rightly poses the question: Is Britain on the Brink of Financial Armageddon? Of course, the world’s biggest debtor is the United States. And its debt is widely recognized to be unpayable. Although many are confident in the permanence of the Dollar as the world's reserve currency, others who are experts in the field of international finance are convinced that the collapse of the Dollar is inevitable and imminent.
As home, state and national budgets collapse and more and more people become destitute and are left to fend for themselves, the new year may well be marked by social upheaval and an unraveling of society. 2010 may well see food shortages develop in America. And a second wave of the H1N1 virus or a new strain is possible. Most disconcerting, though, is the relentless march toward war. Faced with the imminent collapse of the London/Wall Street system, and the recent spectacular failure of the UN's Copenhagen Climate Summit to achieve London's intended goal of legally binding nations into reducing their industrial capacity, particularly China's, and with a renaissance of nuclear powered development, space exploration and cooperation emerging between the nations of Asia and Russia, London will be forced to launch World War Three, or else accept becoming irrelevant on the world stage. An attack on Iran by America or Israel would likely trigger a global conflict involving nuclear weapons.
With no hint of exaggeration, 2010 appears to be the year of the four horsemen of the Apocalypse. It is no longer a matter of speculation or a conspiracy theory. The fall of Anglo-American system is a reality. In the aftermath of that fall will arise the prophesied 8th king, in the form of the United Nations.
Post-published additional links
Mahathir states US preparing to attack Iran
In the Footsteps of Edward VII - EIR
2010: US to wage war throughout the world
Russian professor predicts US will fall apart in 2010
2010: The year of severe economic contraction
Admiral states US fully ready to attack Iran and other nations
Iran to conduct military exercise in preparation for attack
Expert predicts 2010 bond market collapse
Barney Franks gives banks $4 trillion gift
The housing collapse of 2010 will be worse than 2008 - 60 Minutes YouTube
Reader Comments (7)
Insightful article on the United Nations COP15 Copenhagen Climate Change Conference:
http://www.thenewamerican.com/index.php/world-mainmenu-26/europe-mainmenu-35/2674-cheers-and-jeers-at-copenhagens-climate-conference
Thank you for the videos. Much appreciate them, and the way they are wisely associated with their source. In this regard, I can personally make them known without suggesting I am a doomsday/conspiracy type. This is a stygma that would harm propagating the message through a preconceived audience judgement. Much information and worth repeated viewings. Astute Brzezinski commentary. Thank you again.
I have kept up with the news on all this for over a year now. This is going to be one of the worst years for us too come. Our world leaders are bowing before Molech see 'Dark Secrets Inside Bohemian Grove" and the 'Order of death' on YouTube . After seeing that none of what is happening surprises me.
Have a nice day
I believe you are correct with these wicked facts , not conspiracy , but proven facts by the words of the very ones bringing the challenge to YHWH thru Jesus..How they think they can win is beyond understanding! They will know when they hide themselves in the mountain bunkers.The only thing that I do not know is. Is 2010 fixing a date or is it a season that we should know? We are well on our way there , but only One knows the date , and time will tell...Very well done read , and very informational. Please continue with these faith lifting articles.
Food shortages are part of the Sign- For anyone interested this article could be another burning wick in the bomb.
http://www.homelandstupidity.us/2010/01/07/spring-food-crisis-may-trigger-economic-collapse/
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