How Christians Will Destroy the Banking System This Year

Our banking system is currently very fragile.   It would not take much to cause it to collapse.   Any of several events could set off this reaction. One of the biggest events is going to happen soon, in fact it will happen this year and it will be absolutely devastating to the banking industry. 

The rapture of the church will bring about one of the biggest changes on earth since Noah’s flood.  When over 1.5 billion people are instantly removed from society, the impact will be overwhelming.  It will affect the entire world as Christians from all over the world will be suddenly taken away.  Let’s look at some of the impacting issues.

Most people today the world over are living on borrowed money.  More so in the industrialized world, but even in developing countries.  This has become our way of life, “fly now and pay later”.  Everyone owes money on their house, car, and credit cards and just pays the bank a certain amount 
every month in order to keep using the goods.  When these people are suddenly removed, who will make their payments?  No one.   So the banks will start foreclosure on their houses, but they will have so many houses to foreclose on that they won’t know what to do with them all.   When you 
suddenly have a huge influx of homes on the market, that will drive down the price substantially.  This means that the banks will have to take huge losses when they sell the property.   And they won’t be able to collect on the money still due on the mortgage after the foreclosure sale either.  

The same thing will happen with cars.   Most new cars are financed.  When the payments stop, the cars will be repossessed and sold.   But for how much?  With a huge influx of used cars for sale that will force the price way down and the banks will take huge losses.    And with credit cards, they won’t even have anything to reposess or sell, that will be a full value loss.  This could take down many financial institutions and cause them to go bankrupt.  

Let’s look at another aspect.  What happens when you suddenly remove 1.5 billion consumers?  You produce a surplus of all goods and services that those consumers used to use.  This creates a glut in the system which creates huge price reductions which begins to work it’s way back to the producers resulting in more unemployment and price cuts.  And this results in more defaults on loans and higher unemployment as factories and producers go out of business.  

I believe that this will happen at the end of the last year of the last seven year cycle before the tribulation.  Looking back, the last year of the seven year cycle has always brought economic disruption and I believe that this will be the “big one”.  And it all fits scripture with the rapture happening on the Feast of Trumpets (the last trumpet) which begins on the last evening of the last day of the seven year cycle before the new year and the next seven year cycle begins which I believe will be the Great Tribulation which is also a seven year cycle.  And that will start this September, 2015.

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