<![CDATA[PLIM, Inc. Wholistic Ministry, Metaphysical Herbalist, Health, Wealth, Gold, Silver, Current Events, Trends, Spiritual Reality - 9-18-22_FFP_ Eve of Depression]]>Sat, 12 Apr 2025 10:51:42 -0700Weebly<![CDATA[9-18-22_FFP_ Eve of Depression]]>Mon, 19 Sep 2022 23:41:53 GMThttp://plim2.org/9-18-22_ffp_-eve-of-depression/9-16-22_ffp_-eve-of-depressionPLIM Financial Preparedness Notes Sunday, 09-18-2022 Dr. Lee Warren, BA, PLIM Inc. Founder & CEO Scripture Lesson: Gen. 45:3-7
Topic: The Eve of the Depression is Here! ____________
Genesis 45:3-7 “3 And Joseph said unto his brethren, I am Joseph; doth my father yet live? And his brethren could not answer him; for they were troubled at his presence. 4 And Joseph said unto his brethren, Come near to me, I pray you. And they came near. And he said, I am Joseph your brother, whom ye sold into Egypt. 5 Now therefore be not grieved, nor angry with yourselves, that ye sold me hither: for Elohim (God) did send me before you to preserve life. 6 For these two years hath the famine been in the land: and yet there are five years, in the which there shall neither be earing nor harvest.7 And Elohim (God) sent me before you to preserve you a posterity in the earth, and to save your lives by a great deliverance.” __________________
Great Deception is transpiring by the government and Wall Street painting a picture with their propaganda that the economy is not as bad for it is not in a recession. Even though the definition of recession for the last fifty years has been two negative quarters of GDP back to back.
Stock Markets Crash on Inflation Numbers for August 22 “Stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.
The Dow Jones Industrial Average slid 1,276.37 points, or 3.94%, to close at 31,104.97. The S&P 500 dropped 4.32% to 3,932.69, and the Nasdaq Composite sank 5.16% to end the day at 11,633.57.
More than 490 stocks in the S&P 500 fell, with Facebook-parent Meta skidding 9.4% and chip giant Nvidia shedding 9.5%.
Depression/Recession Will Be Manifested 3-6 Months 2022 or by 2023 This timeline may be extended. They are talking about a two-year recession that’s doubtful. It may be worse than what they are prognosticating
As stated above the Dow fell almost 1300 points Tuesday 9-13-22, due to rise Consumer Price Index (CPI) numbers.
The Dow, and other market indexes S&P 500 and the NASDAQ, may possibly continue their 5-week decline. If the decline continues this week, it would be making it a five-week decline.
This decline in the markets indexes are due to the fact the Fed Reserve will continue to fight 40-year record inflation by increasing the interest rates.
This Tuesday and Wednesday, September 20-21 the Feds are expected to raise the Fed fund interest rate by 0.75%. or there is talk of a 1.00% increase which would devastate the stock markets. This will raise the interest rates to 3.0% - 4.00%, with two more interest rate increases this year, November and December.
Stock markets , Bitcoin, West Texas Oil, Gold and Silver Continues To be very volatile (Monthly since the Fin Prep) See Monthly ChartsDOW, S&P500, Bitcoin, Oil West Texas $WTIC, Gold, Silver All Commodities have recently decline due to a high dollar, still are very volatile - SuperCycle Real Time Commodity Futures Prices
Introduction Dr. Warren reviewed the topics covered in the PLIM Blogs posted above, and covered the points below. The discussion was video taped and the webinar is available to PLIM Members.