When

 

exactly 

are people going to understand 

what the current confluence of crises is really all about?

Matthew 24:21

‘Bad situation’: Soaring US dollar spreads pain worldwide

Strong Dollar Global Impact

 "A surging U.S. dollar makes their local currencies weaker, contributing to skyrocketing prices for everyday goods and services. This is compounding financial distress at a time when families are already facing food and energy crunches tied to Russia's invasion of Ukraine."

(Again, this was all part of the calculus way ahead of time.)

“A strong dollar makes a bad situation worse in the rest of the world,’’ says Eswar Prasad, a professor of trade policy at Cornell University. Many economists worry that the sharp rise of the dollar is increasing the likelihood of a global recession sometime next year."

(I dont know when it is going to come, it will be a process more than an event, but it will not be a recession, it will not be a depression, it will not be a financial crisis, it will be a total and complete economic collapse, and its coming...)

"The reasons for the dollar’s rise are no mystery. To combat soaring U.S. inflation, the Federal Reserve has raised its benchmark short-term interest rate five times this year and is signaling more hikes are likely. That has led to higher rates on a wide range of U.S. government and corporate bonds, luring investors and driving up the U.S. currency."

"Most other currencies are much weaker by comparison, especially in poor countries."

"A rising dollar is causing pain overseas in a number of ways:

— It makes other countries' imports more expensive, adding to existing inflationary pressures.

— It squeezes companies, consumers and governments that borrowed in dollars. That's because more local currency is needed to convert into dollars when making loan payments.

— It forces central banks in other countries to raise interest rates to try and prop up their currencies and keep money from fleeing their borders. But those higher rates also weaken economic growth and drive up unemployment."

"The soaring dollar in 2022 is uniquely painful, however. It is adding to global inflationary pressures at a time when prices were already soaring. Disruptions to energy and agriculture markets caused by the Ukraine war magnified supply constraints stemming from the COVID-19 recession and recovery."

(I'd revisit Matthew 24:21 again if I was you, and to those who would argue this has all happened before? Not with the likes of deception we have in the world now it hasn't,  (Matthew 24:4) along with several other arguments I have postulated previously, ie the falling away has happened, the great apostasy has happened, the antichrist being revealed etc...It's different this time, the world has never seen the confluence of crisies like it is currently witnessing and were still not even to the tribulation period, let alone "the great tribulation".)