Sun, 22 Dec 2024 04:02:30 -0800WeeblyMon, 25 Jan 2021 18:46:56 GMThttp://plim2.org/if-you-think-2021-will-be-better-than-2020-think-again_01-17-21/if-you-think-2021-will-be-better-than-2020-you-better-think-againPLIM Financial Preparedness Notes Sunday, 01-17-2021 
Dr. Lee Warren, BA, PLIM Inc. Founder & CEO 
Scripture Lesson: Rev. 18:4, 10-11; Gen. 47:15


Topic: If you think 2021 will be better than 2020, you better think again 


Rev. 18:4, 10-11 4 And I heard another voice from heaven, saying, Come out of her (Babylon), my people, that ye be not partakers of her sins, and that ye receive not of her plagues. ,,, 10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come. 11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:”


Gen. 47:15 And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? for the money faileth.


Prophets Return, Babylon Will Burn - Joseph Israel
Click here to listen to audio.


Introduction
Greetings. This is our first PLIM Financial Prep session for 2021. There have never been so many ominous signs that so many Americans are missing primarily due to MSM. Americans are being dumbed down, given a false narrative that all will be ok, and told that America will experience an economic recovery.  


The true picture of the US economy is plain scary.  There are 40 million unemployed people. In just this past week there were one million people who continue to be unemployed.  More than 50% of small businesses are bankrupt. Airlines, hotels, tourism in general, continue to suffer. Commercial real estate is really taking a beating as many work from home. The epicenter of this commercial real estate is NYC which is also devastated by the loss of small business, vacancies, and the wealthy leaving the state.  All of this is because of the CoVID shutdown #2 which only kills 1/2 of 1% of the people infected with the virus, most over the age of 80.


Why do Americans think all is well?
Ironically, what has deceived people into thinking the economy is recovering and have given them hope is that the DOW Jones hit an all time high of 31,000 points, with the S&P 500, and other market indices also hitting record highs. All of these record highs are primarily due to the federal reserve printing up money which they give to the banks who invest it in the stock market. This has also resulted in real estate and the bond market booming.  


Everything is at an all time high because of money printing and not real economic growth. This policy of the federal reserve to print money out of thin air will continue. The unemployed must continue to be given unemployment compensation due to the state governments shutting down the economy.  


Unemployed Americans are behind anywhere from $6,000 to $10,000 on rent. The only stimulus they have been given is $1800 within the last eight months. There has to be some mediation by the Federal Government to make payments to the landlords and banks. This puts the mortgage companies in extreme jeopardy.


What’s happened to consumer spending?
So you see why the economy has entered a depression which is being called a recession.  40 million people basically have no income. The remaining Americans are terrified and have stopped spending to save for rainy days ahead. Retail sales continue to fall.  Stores continue to close.  Malls become deserted. 


The Magnificent Mile and its retailers have come under pressure due to coronavirus shutdowns and civil unrest. Macy’s in Chicago decided to close its Water Tower location on the Gold Coast.  Macy’s had been there for 45 years.  The vacancies on the prestigious Gold Coast is 20%. Oh, What a disaster!


Has bitcoin experienced a roller coaster?
The bitcoin mania seems to have some air let out of it after falling from $42k points to $30k and rallying back to $40k and declining back down to $34k before closing Friday at $36k.  So bitcoin has been on a bit of a roller coaster for the last two weeks. Buyer Beware.


How have PM fared?
As for gold, it’s been under quite a bit of pressure falling from $1963 to $1817 and has been consolidating for the last week.


Silver hit a high of $28.10 and a low of $24, closing Friday at $24-$25. The low call for silver is $32 and gold $23-2400.


If the feds have to print up more money, gold and silver prices will just sky rocket for 2021.


 See videos below.
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The New Economic System Is Already All Around You, Unemployment Surges Into NYC's Lost Decade


You thought 2020 was bad? 2021 will be ‘dreadful’, 'unprecedented' – Gerald Celente


UBS Wealth Warns Clients Crypto Prices Can Actually Go to Zero


Beware of Inflation, Unhealthy Labor Market, and Fed Coin Impact on Bitcoin — Voices of Wall Street


Buffett Continues To Sell Stocks In 2020 & The Factors Behind It Are Alarming


Doug Casey's Take [ep.#70] AMA: Silver, Chinese bond defaults, micro-states, and much more...


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Silver Prices 


Silver Price Smashed Again - Will It Ever End?: Live Q&A + Precious Metals Therapy


Russia Now has More Gold than Dollars


Over 40 million people flock to Gab after Big Tech censorship spree
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An OrWELLSian Purge? Why H.G. Wells’ ‘The Shape of Things to Come’ Has Arrived Today


Announcing The Trump News Network!! (Shocking Intel Revealed)


Bill Gates is reportedly the largest farmland owner in America
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Rumors continue to swirl!!! See below.
#GreatVoice Watch IMMEDIATELY!!!

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