Heaven Is Our Destination Where We Will Be ONE With The Lord Forever

Today, we are in The Season Of The Last Generation. The Birth Pains that Christ Jesus spoke about are currently under way, including natural and unnatural disasters. They will be ever increasing. Because of the increase of wickedness, the love of most will grow cold. Social, economic and political turmoil will be ever increasing, causing people's hearts to be weighed down with dissipation, drunkenness and the anxieties of life. An apostasy within the Church of God is currently under way. This will all reach a climax with Satan revealing his Antichrist and requiring that everyone worship him; That every one receive his "mark" in order to buy or sell; The new currency of the New World Order, the New Tower of Babel.

Today, it is critical that those who have a heart for God are aware of what God is doing and speaking today. God is opening up His Word like never before in preparation for The Time Of The END. I exhort you to open up your heart and your eyes to see what He is doing and your ears to hear what God is speaking at this time. My prayer is that we will be able to stand before the Son of Man at His appearing, without fault and with great joy. I encourage you to read David Wilkerson's book, America's Last Call at davidwilkersontoday.blogspot.com. Also, Google, Tommy Hicks Prophecy, 1961 for a view of the End Times.

Tom's books include: Called By Christ To Be ONE, The Time Of The END, The Season Of The Last Generation, Worship God In Spirit And In Truth, Daniel And The Time Of The END, and Overcoming The Evil One. They are available at amazon.com. They can also be read without cost by clicking on link: Toms Books.

Other publications by Tom at the same link include: You Are Unique In Christ, Demonic Activity Increasing, America: A Nation Of Cowards, LIFE: Knowing The Voice Of God, The Earth Full Of Violence: Christ's Sign, Reality: The Realm Of The Spirit, What Is Detestable To God, America At The Crossroads, Many Are Invited but Few Are Chosen, Christian Beware, The Antichrist of Scripture, The Marks Of A Christian, The Apostasy/Rebellion, Satan's Scheme, The Anointing, The Good News, The Water of LIFE, The World Against Christ, The Commands Of Christ, America's New Civil War, America Is Cursed Because Of Its Abortion Murder, America Unprotected, America's Irreconcilable Differences, Evil Begets Evil, America's War Against Christ, America Is Babylon and IN Christ: There Are No Limitations.

To receive Christ Jesus as a child by faith is the highest human achievement.

Today, the Bride Of Christ is rising up in every nation in the world! Giving Glory to Her Savior and King, Christ Jesus!
Today, the world is Raging against God, Rushing toward Oblivion! Save yourself from this Corrupt Generation!
Today, America is being ground to powder because of it's SIN against God!

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Monday, May 8, 2017

THE DEBT-BUBBLE LANDMINE OBAMA LEFT FOR TRUMP

US President Barack Obama welcomes President-elect Donald Trump

Image result for photos of trump and obama

The debt-bubble landmine Obama left for Trump


The debt-bubble landmine Obama left for Trump



President Trump came in for much jeering when he told reporters he had “inherited a mess” from President Barack Obama. On the economy, though, Obama did indeed leave behind a hidden mess: a seemingly healthy jobs market dependent on cheap debt.
When this debt bubble bursts, just as the last one did, the manufacturing jobs Trump wants to save will be in even greater peril.
The country’s last bubble was in housing. Between 2000 and 2007, Americans nearly doubled their mortgage debt, from $5.9 trillion to $10.6 trillion.
This didn’t bother anyone in a position of power. The housing boom created millions of jobs, from construction to home-furnishing, and people felt rich.
What bothered the pols was when the illusion broke.
Since the 2008 crash, neither Democrats nor Republicans have been interested in creating a sturdier economy. Instead, they’ve built up another bubble, this time in the car and SUV industry.
How? The same way: cheap debt. In 2010, Americans owed $809 billion on their cars (after adjusting for inflation). Today, they owe nearly $1.2 trillion, according to the New York Fed.
And the rate of growth has been accelerating: Last year alone, Americans borrowed $93 billion to buy cars (after accounting for people who repaid such debt); 2016 was “the highest auto loan . . . year in the 18-year history of the data,” Fed researchers said, not entirely enthusiastically.
People with great credit have been buying new SUVs because interest rates have been at record lows. As interest rates rise, they’ll pull back, but perhaps not that much. By definition, they can afford to pay a little more.
But who is borrowing for used cars — and at much higher interest rates — is a huge concern.
People with not-great credit scores have always made up about a fifth of the auto-loan market.
But the percentage of people borrowing even though they have really bad credit scores has surged, reports Bloomberg. It’s now a third of the subprime auto-bond market, up from just 5 percent seven years ago.
A Standard & Poor’s analysis of just one big subprime auto bond tells the story. Last week, a company called DriveTime, which sells used cars in 26 states to people with bad credit, was in the market to issue $442 million worth of bonds backed by auto loans.
The average credit score of borrowers was 538 — indicating a history of serious default. And, as S&P notes, “today’s subprime customer appears to be . . . weaker . . . than that of several years ago,” because people who defaulted right after the housing crash at least had the excuse that they were caught up in a global bubble.
These loans are for people who have no choice but to borrow to buy a car, and no bargaining power on the interest rate they pay: close to 20 percent.
Even though the borrowers pay through the nose, they depend on cheap global credit. With interest rates still near record lows, lenders have to take ever more risk in a low-interest-rate environment to make a little money. As for that risk: Delinquency rates are rising, with 4.32 percent of subprime borrowers in general at least 60 days late last year, up from 3.52 two years earlier, says S&P.
The bigger risk here isn’t the risk to investors, though. The auto-loan market is still much smaller than the housing market, and the investment world hasn’t created trillions of dollars of derivative securities based on this market (at least not that we know of). And unlike with houses, no one ever expects the value of a car to increase with use.
No, this bubble presents a much more direct risk to the economy — and manufacturing jobs. If people with terrible credit can’t borrow an average of nearly $18,000 to buy a used car (what the DriveTime customer pays), the market for used cars collapses.
That, in turn, affects the market for new cars. Indeed, the US auto industry has seen sales decline this year, after clocking half a decade of record highs.
That’s bad news for the 946,300 Americans who work in the nation’s auto-manufacturing industry. Car-makers have been adding jobs since 2009, when the industry hit a low of 653,300 workers. But over the past year, they’ve added only 2,400 workers, down from the 40,300 people they added the previous year.
If the auto-credit market sputters out during Trump’s first term — and it’s hard to see how it won’t — Trump would be justified in blaming his predecessor.
But he’ll face the same bad options previous presidents have. No one has quite figured out how to fix this economy without a lot of short-term pain.
Nicole Gelinas is a contributing editor to the Manhattan Institute’s City Journal.
http://nypost.com/2017/05/07/the-debt-bubble-landmine-obama-left-for-trump/