“Second Wave” of COVID-19 Will Crush Oil Markets and the Global Economy, That Is the Plan…
The oil price rally may have come to an end, with the long-feared “second wave” of coronavirus infections having now arrived, posing renewed threats to the global economy.
A new outbreak of infections in Beijing over the weekend prompted a “war-time” response from the Chinese government, a top city official said. Schools, sports venues, malls and supermarkets saw another round of closures and checkpoints. Recommended VideosNo Other Option Than to Invest in Equities, Commerzbank’s Dixon SaysPauseUnmuteDuration 1:34Toggle Close Captions/Current Time 1:15Loaded: 100.00% FullscreenUp Next
Across the U.S., infections are rising in many states, even as Americans display weariness and reluctance to continue with mask-wearing and social distancing guidelines. However, unlike in March and April where the epicenter of the pandemic was New York, the new explosions of cases are more concentrated in the south. On Saturday, the U.S. reported almost 26,000 new cases, the highest total in nearly a month.
“The second wave has begun,” William Schaffner of the Vanderbilt University School of Medicine, said on CNBC. The pandemic never really went away, so it is not as if there is a discrete first and second wave. But the resurgence in infections in recent days caused a selloff in financial markets.
Oil prices retreated further on Monday, with prices down more than 10 percent in less than a week.
“Concerns that we may be seeing the beginning of a second wave of the pandemic are dominating trading floors this morning across the globe, from Beijing to Florida,” Head of Oil Markets at Rystad Energy, Bjornar Tonhaugen, said in a statement.
“Markets move in waves of fear and greed, and after greed has enjoyed a long joy ride, fear has started sprouting again.”
The IMF is expected to cut its global economic forecast when it releases new figures on June 24. The Fund said in April that global GDP may contract by 3 percent this year. “This pandemic has been and continues to be, like dominoes falling,” IMF managing director Kristalina Georgieva said on Saturday, pointing to the ongoing spread of the virus around the world. “And we all know that it is not over until it is over everywhere.” China’s industrial output in May rose by 4.4 percent from a year earlier, a smaller-than-expected gain that fueled more concern about economic rebound.
The Dallas Fed President Robert Kaplan said that the health of the economy hinges not just on federal stimulus and reopening businesses, but also on public health measures, including widespread mask-wearing and other containment measures.
“The extent we do that well will determine how quickly we recover. We’ll grow faster if we do those things well,” Kaplan said on CBS. “And right now, it’s relatively uneven.”
Meanwhile, the piling up of oil sitting in storage from the last few months boggles the mind. China alone is set to add 440 million barrels to storage in the first six months of the year, according to IHS Markit, the largest increase by any country ever recorded. That buildup in China actually provided a boost to oil prices, offering a source of demand during the depths of the downturn. But it’s not clear that the rate of storage injection can continue.
Adding to the oil market’s woes is the fact that prices may have rallied too far to begin with, even before recent data shows an uptick in Covid-19 infections.
“The scale of the sell-off can be explained by the excessive optimism before,” Commerzbank wrote in a note on Monday, pointing to the speculative bets on rising oil prices.
“Net long positions held by money manager in WTI on the NYMEX rose further in the week to 9 June and at nearly 400,000 contracts found themselves at their highest level since July 2018.”
The bank added that oil markets have been “deaf in one ear,” focusing only on positive news such as U.S. shale production declines and OPEC+ output cuts while ignoring red flags. The coronavirus never went away and is now spreading to new areas. Brazil recently moved into second place in terms of the number of total deaths from the virus.
“[T]he outlook for the oil market is likely to become gloomier again due to the weaker economic data and concerns about a second wave of the Covid-19 pandemic,” Commerzbank added. “Demand outside China remains weak, which is why we expect prices to decline further in the short term.”
This is the reality now, for both the United States and the world.
Everything changes now. While some things will go back to normal, others will never be the same.
The reality of the coronavirus plandemic threatens to bankrupt entire industries. Hotels, airlines, cruise lines, restaurants, gaming, entertainment, real estate, tourism — all of these and more now stand on the brink. The total tally, interwoven throughout a $21 trillion economy, is too complex to be calculated.
I have picked ten signs that tell us the tribulation is rapidly approaching.
Revelation 6:8 tells us under the fourth seal, the rider on the pale horse is “given authority over a fourth of the earth, to kill with sword and with famine and with pestilence . . . .” Deadly famines will occur during the tribulation; they will be a factor in wiping out one-fourth of the world’s population during the seal judgments described in Revelation 6. According to a story published by National Geographic. website on May 12, 2020, swarms of gigantic locusts is swarming parts of East Africa bringing with them great famine. The National Geographic story also stated, “Some 13 million people in Ethiopia, Kenya, Somalia, Djibouti, and Eritrea already suffer from ‘severe food insecurity’ . . . meaning they may go without eating for an entire day or have run out of food altogether.” The National Geographic story also noted that swarms of locusts can destroy up to “300 million pounds of crops” in a day. Can you imagine the disaster this can bring to already impoverished nations? India also reports the presence of large swarms of locusts.
Revelation 6:6 reveals that a time of great inflation lies ahead for the world during the tribulation such that a “quart of wheat” will sell for a day’s wages.
Do we see the potential for this in our world? Absolutely! Venezuela stands as an example of devastating inflation caused by government debt and the printing of money. The enormous debt in the United States alone along with its printing of money during the past decade has already pushed the economy to the edge of disaster. That, along with exceedingly high unemployment of over forty million, has moved America ever so close to a complete collapse.
Any more shocks will push it over the edge to great economic catastrophe and mind-boggling inflation and bring the same to the world.
Revelation 9:21 tells us this about people during the tribulation, “nor did they repent of their murders or their sorceries or their sexual immorality or their thefts.” Just as in the days of Noah, violence will fill the earth during the tribulation. The antichrist will cause the killing of a large number of saints during this time. Revelation 7:9-14 pictures a large multitude of martyrs that have come out of the “great tribulation.” These are no doubt the same ones John refers to in 6:9 who were killed “for the word of God and witness they have borne.” We already see this violence against Christians in our world and the seeds of it in the United States.
Can there be any doubt regarding the deadly intentions of the left in America who advocate abortion up to and after birth, who put patients sick with COVID-19 in nursing homes killing thousands of the elderly, and who send police to stop worship services? Someday the rage and hatred of the left in the US will erupt into violent and deadly persecution against those who hold fast to the Word of God, if not before the rapture then surely after it.
4 THE INCREASE OF ANTI-SEMITISM
We also know that the second half of the tribulation will be a time of deadly violence against the Jewish people (Matt. 24:15-20). We see the seeds of much anti-Semitism at work in our world. New York City, home to 1.8 million Jews, saw a record number of anti-Semitic attacks in 2019. France and Germany are rapidly becoming unsafe places for the Jewish people to lie. We also see rampant anti-Semitism at the United Nations. During the first couple of months of the 2019-2020 session of the UN, it adopted 18 anti-Israel resolutions compared with just 7 concerning other nations.
5 THE NEW WORLD ORDER
Scripture tells us that a world government will dominate the entire earth during the tribulation over which the antichrist will seize control (Dan. 7:24-26; Rev. 13:1-10). Today, we see this coming one-world government forming before our eyes. The UN now has a web page titled “Let’s Make Our Planet Back” at https://unnwo.org/. An easy way to remember the link is to think “United Nations New World Order.” This website represents a more blatant revelation of the UN’s desire to create a New World Order although it has always been quite visible under its stated Agenda 2030 goals of establishing a Marxist world order by 2030. The website puts a positive spin on the seventeen goals of Agenda 2030, which in reality reflect a Marxist/Fascist world government in total control of the lives of people in every nation. The goals of the New Green Deal in America mesh perfectly with those of Agenda 2030; I believe its goal is to bring the United States into the New World Order.
6 SURRENDERING OF RIGHTS
Since the onset of COVID-19, the willingness of people in the United States to surrender their rights and freedoms has astounded me. Many blindly follow unconstitutional restrictions without protest or any resistance whatsoever. This has been a successful test run for the globalists. The elite has learned that with a world crisis and control of the media, many people will unwittingly submit to whatever the government tells them with little or no resistance as long as it’s for the “common good.” When the tribulation arrives on planet earth, great fear and panic will also lead to a surrendering of rights and freedoms that will enable the globalists to finalize their plans for a New World Order.
7 THE MARK OF THE BEAST
I do not believe that Bill Gates is the antichrist nor do I think that his vaccine and its accompanying tattoo is the mark of the beast that we find described in Revelation 13:16-18. However, I do believe these things are also preparing the world for the control that the antichrist will exert over the world during the tribulation. The idea that the government can require a vaccine along with proof of it to leave one’s home and participate in society would have been thought tyrannical just a decade ago. But now, after the fear generated in the media over COVID-19, multitudes now accept such an idea and see no problem with it.
In addition to this, we now have the technology for the antichrist to implement such a program worldwide. Revelation 13:16-18 is not here yet, but it’s springing to life before our eyes.
8 MIDDLE EAST TENSION
While the world remains distracted by COVID-19, tensions keep escalating in the Middle East. Israel has inflicted heavy damage on Iranian military installations in Syria in recent weeks. And, Iran continues to promise the world that it will soon wipe Israel off the map. Israeli Prime Minister Netanyahu’s pledge to annex portions of the West Bank on July 1 is also increasing tensions in the region. The Palestinians and their allies say they will never accept the adding of land in Judea and Samaria to Israel and will most likely react violently to such an annexation. The Gog-Magog War described in Ezekiel 38-39 seems closer than ever. The nations remain aligned precisely as we read in 38:1-13. It’s also interesting that Israeli Rabbis believe the war of Ezekiel 38-39 could begin at any moment.
In both 1 and 2 Timothy, Paul warns of great apostasy in the church during the last days. This day has arrived. The widespread acceptance by so many churches of what the Bible labels as sin are just the tip of the iceberg. Just as the apostle predicted in 2 Timothy 4:3-4, people today flock to false teachers in great numbers. In some cases, these so-called pastors have become multi-millionaires as a result of their perversion of the Gospel. It’s far more popular for preachers today to regard vast sections of scriptural prophecy as allegory and proclaim a false, unbiblical hope to their congregations, one that denies the imminent return of Jesus.
The dangerous teaching that the church will triumph through the tribulation and bring in the millennial kingdom itself has attracted millions of Christians during the past few decades. It’s by far the fastest-growing view of the end-times in churches today and yet another indicator of the great apostasy that exists in our time.
I added this point after reading the accounts of the rioting in Minneapolis that has spread to many other cities. Is this not a prime example of the lawlessness that Jesus said would appear during the tribulation? In Matthew 24:12. Jesus said this about the signs of the end of the age, “And because lawlessness will be increased, the love of many will grow cold.”
Paul refers to the antichrist as the “the man of lawlessness” in 2 Thessalonians 2:3. Right now we see the spirit of the antichrist surging throughout the United States as the anarchists destroy property and ruin the lives of thousands of people of all races.
As I look at all these ten indicators of the rapidly approaching tribulation, I am amazed that the true church remains earthbound. How much longer can it be before Jesus returns to take us to the place He’s preparing for us?
If the tribulation seems so close, that means that rapture is even nearer.
The economies of the world may recover from the brink of disaster and the push for a New World Order may decrease. However, at the moment this seems highly unlikely given the tremendous debt of many nations and the staggeringly high unemployment.
Forbes online magazine recently stated that as many as 42% of the jobs lost in American may be gone for good. Could the growing lawlessness and riots push the US and the world closer to economic collapse? It’s entirely possible.
The history of the twentieth century tells us that the aftermath of great economic distress, war, or both provides fertile soil for the emergence of socialist/fascist dictators. I believe the antichrist will arise from the ashes of the coming worldwide chaos to seize control of the coming New World Order.
Given the condition of our world at the moment, it will not take much to plunge the world into a great economic disaster or trigger the Gog-Magog War. The resulting chaos will provide the perfect opportunity for Satan to place his man in charge of the world order, which he will do.
The good news is that we will be with Jesus before the devil unveils “the man of lawlessness” to the world.
Take heart; Jesus is coming soon! Source
The World Is In Big Trouble, for Those That Believe We Will Go Back to Some Sense of Normal Life Here on Earth, You Will Be Sadly Disappointed, Seven and Half Years of Hell on Earth Which Began January 1, 2020
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In police-state fashion, Big Tech took the list of accused (including this site), declared all those named guilty and promptly shadow-banned, de-platformed or de-monetized us all without coming clean about how they engineered the crushing of dissent, Now more than ever big Tech has exposed there hand engaging in devious underhanded tactics to make the sinister look saintly, one of Satan’s greatest weapons happens to be deceit…
The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.
American health care, as we call it today, and for all its high-tech miracles, has evolved into one of the most atrocious rackets the world has ever seen. By racket, I mean an enterprise organized explicitly to make money dishonestly.
All the official reassurances won’t be worth a bucket of warm spit. The Globals are behind the CoronaVirus, It Is a Man-Made Bioweapon.
My job is protecting children. It has taken me from big cities to rural outposts, from ghettos to penthouses, and from courtrooms, into demonic battlefields. But whatever the venue, the truth remains constant: Some humans intentionally hurt children. They commit unspeakable acts—for their pleasure, their profit, or both. StevieRay Hansen, CEO The 127 Faith Foundation
The role of a watchman: Gives insight into the world at the end of this age. They see the dark gathering clouds on the world’s horizon that spell the end of Satan’s reign as the god of this world and author of all its evil. This leads them to mount the “walls” of society and shout a warning to any who will hear. To say: “God is sovereign. He will bring a time of judgment on the world to prove that He alone is God. All other gods erected by people to hide His truth will be destroyed.”
A national affliction
Today America and Great Britain stand at a crossroads. For more than 200 years they have dominated the world in virtually every arena. As Great Britain retreated from its empire after World War II, America was there to take its place and continue the legacy set by the English through their peak years.
But America’s dominant power is under siege from many sectors. Its will to stay the course in Iraq is being tested, its military machine strained under the pressure of the extended fighting. Though it is the primary engine for the world’s economy, a weakened dollar and a trade balance deficit are both troubling indicators of a major crisis ahead.
God warns us through the message of the prophets that sins will demand a day of reckoning. People cannot continue worshipping the false gods of materialism and self, blindly stumbling along in their own righteousness, and expect their affluent standard of living to continue.
God’s Word confirms there will be an accounting; the lesson of history is that any people who corrupt their moral core will eventually fade from power. God calls on America and Great Britain to wake up, acknowledge their sins, and repent before national calamity descends on them.
“Do this and live”
Amos the prophet walked into the city of Samaria, capital of the northern kingdom of Israel, and boldly told the king and city leaders to repent or face captivity at the hands of the Assyrians. He pointed to neighboring states that had fallen and said, “You are no better than they were.”
He rebuked those who did not want to hear a “message of doom.” To those who stocked their homes with the finest luxury goods and gourmet foods, trusting that affluence was a sign of God’s blessing, he said, “Don’t trust in materialism.” The citizenry, at all levels, looked only to their comfort and ease and did not grieve “for the affliction of Joseph” (Amos 6:6).
Those who “grieve” and “sigh and cry” over societal sins are called to a unique role. They are part of God’s elect, called to the duty of proclaiming the announcement of the Kingdom of God. That message includes the good news of Jesus Christ’s return to restore all things (see Acts 3:19-21). The message also contains a warning to repent and receive God’s blessing or ignore the warning and face the judgment of God. It is a double-edged message—plain-spoken, yet full of hope.
Fulfilling this role requires courage, perseverance, and a love for the people addressed. One of the best examples of this was the prophet, Jeremiah. Jeremiah spent more than 40 years in the role of a watchman to the nation of Judah, urging people to heed his warnings and return to the ways of God.
Notice this passage: “Stand in the ways and see, and ask for the old paths, where the good way is, and walk-in it; then you will find rest for your souls. But they said, ‘We will not walk in it’ ” (Jeremiah 6:16).
God’s main message throughout the Bible is to return to His paths, His teachings, as the solution for the suffering and pain of human life. “Do this and live,” He says.
Jeremiah and others like him have stood in the role of a watchman. “Also, I set watchmen over you, saying, ‘Listen to the sound of the trumpet!’ But they said, ‘We will not listen.’ Therefore hear, you nations … Behold, I will certainly bring calamity on this people —the fruit of their thoughts, because they have not heeded My words nor My law, but rejected it” (Jeremiah 6:17-19).
Examining the concept of watching in the New Testament helps to complete the picture of this role. The Greek word Gregorio, translated as “watch,” means to keep awake, to watch, and to take heed. Through neglect or laziness, we could let down and be overcome with sin, or a sudden calamity could overwhelm us spiritually.
Notice in Mark 13:32-37, in Jesus’ prophecy of the end time, that He urges His disciples three times to “watch” during the times leading to His second coming. The emphasis is on a personal watch through prayer to know the times.
By prayer and righteous living, we stay tuned to Jesus Christ. Through this way of life one can discern the moral climate of the times and avoid being tossed around with every shifting ideology of modern culture. Walking in God’s laws and instruction insulates us from the course of the world and its deceptions.
Revelation 16 describes a massive end-time deception perpetrated by Satan and demons that work through the human instruments called “the Beast” and “the False Prophet” (Revelation 16:13). Their influence gathers the leaders of the earth “to the battle of that great day of God Almighty . . . to the place called in Hebrew, Armageddon” (Revelation 16:14-16).
In our fascination over these otherworldly figures, we can easily skip over Christ’s charge: “Behold, I am coming as a thief”—suddenly and unexpectedly. “Blessed is he who watches, and keeps his garments, lest he walks naked and they see his shame” (Revelation 16:15, emphasis added throughout).
Jesus pronounces a blessing for those who, during mankind’s darkest moment, watch. That is, they are living prudently and properly. The natural by-product of this close relationship with God is being alert to religious deception. Those who frame their life around the coming Kingdom of God will watch and keep themselves from the wiles of the devil.
This is the end result of fulfilling the role of a watchman within the Body of Christ—to be found standing in the faith, blessed of God at the dawn of His Kingdom on this earth.
Our world is moving toward this time of the global cataclysm. Revelation 16 describes a future moment when people will be caught up in events engineered through the Beast and False Prophet. The former is a political leader of compelling personality and ability; and the other, a religious leader unlike any in modern times.Together they will convince armies to move toward Jerusalem to fight Jesus Christ at His coming.
Warning and hope
This is a time for the watchmen to mount the walls and sound a clear, unmistakable warning message of the dangers facing not just the English-speaking peoples but also the whole world. It is time to make known the hope of the coming Kingdom of God.
Isaiah’s message stands bright and clear today: “How beautiful upon the mountains are the feet of him who brings good news, who proclaims peace, who brings glad tidings of good things, who proclaims salvation, who says to Zion, ‘Your God reigns!’ Your watchmen shall lift up their voices, with their voices they shall sing together; for they shall see eye to eye when the Lord brings back Zion” (Isaiah 52:7).
Come, take your place on the walls, work for the Kingdom and pray for its speedy arrival!
These special servants understand the dangers of the present world. They see the dark clouds gathering on the world’s horizon and are moved to proclaim a warning message to all who will hear.
The number of Orphans aging out of Child Protective Custody has grown at an alarming rate. The 127 Faith Foundation receives many requests each week to house them at our ranch. Our prayer is that the good people of our country will step up to the challenge and offer financial support for "the least among us." We need your help! StevieRay Hansen, Founder, The 127 Faith Foundation
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