The global economy is on the brink of a meltdown, Michael Snyder says in a new blog post.
Writing for his blog, “The Economic Collapse,” the frequent Jim Bakker Show guest on Tuesday published a list of 21 items he believes show “the global economy is coming apart at the seams.”
Snyder pointed to declining global trade figures, struggles in the energy sector and significant losses in global stock markets as indicators of an impending economic implosion.
“The truth is that we are in the early chapters of a brand new economic meltdown, and I believe that all of the signs indicate that it will continue to get worse in the months ahead,” he wrote.
Snyder is at Morningside today and is slated to discuss recent military developments in the Middle East, as well as their potential implications, during a taping of The Jim Bakker Show.
In Tuesday’s post, Snyder wrote he is “deeply concerned” that the recent military activity may possibly lead to the beginning of World War III, a topic he covered in another recent blog post.
“Without any outside influences, the global economy and the global financial system will continue to rapidly fall apart,” Snyder wrote in Tuesday’s post. “But if we do have a major ‘black swan event’ take place, that could cause the bottom to fall out at any moment.”
The show featuring Snyder is scheduled to air beginning Feb. 23, though viewers can obtain exclusive early access by visiting the PTL Television Network on Roku or the Video on Demand section of jimbakkershow.com.
