Mark Larson of Money and Markets (M&M) sees economic danger and says the “death of the American dream is coming”:

March 18, 2016
The wheels are coming off the economic cycle — central bank intervention or not.
That’s one of the conclusions of 209 fund managers who collectively handle almost $600 billion in assets. In the latest Bank of America Merrill Lynch monthly survey, a whopping 59% of those polled said we’re in the “late cycle” phase for the economy.
That’s the highest percentage going back to August 2008, as you can see in this chart:
Click image for larger view
What does that mean exactly? It means the economy is tired. Growth is on its last legs. Consumer and business sales momentum is slowing, while inventories are piling up and credit conditions are getting tighter.
It also means that more “financial engineering,” such as piling on more debt to fritter away on stock buybacks or M&A, is increasingly seen as a foolish strategy rather than a wise use of cash. …
The death of the American dream is coming. Nothing will ever be the same again for you or for your family. The America we know and love will be no more. The fallout of this historic event will be horrific for the unprepared. It will trigger all-out panic — first in the U.S. bond market … and later in the stock market. It will destroy millions of jobs … sentence most Americans to a “dark age” of depression and poverty … send gold and silver prices careening higher … and push the U.S. government to the brink of collapse. http://www.moneyandmarkets.com/wheels-coming-off-cycle-central-bank-intervention-not-76682

What ultimately is coming will be much worse than the “death of the American dream,” it will be the utter destruction of the United States of America (Daniel 11:39; Habakkuk 2:6-8).

Janet Yellen, the Chair of the Federal Reserve made some comments this week that she sees risks and seems to be backing off of previous comments raise interest rates as she planned before for 2016:

March 17, 2016
By cutting the outlook for rate hikes this year, Fed ChairJanet Yellen just put a fire hose to the volatility, says one Wall Street strategist.
“I’m shocked by Wednesday’s statements and press conference because it’s much more dovish than the market was expecting and I think that’s going to keep the VIX at bay for now,” Larry McDonald, managing director and head of global macro strategy at ACG analytics, told CNBC’s “Trading Nation” on Wednesday.
In a news conference Wednesday afternoon Yellen said global economic and financial developments continue to pose risks to the U.S., and revised down her path for further interest rate increases.
“I think they have literally taken the fire hose out and kept it on, and I think that really shocked a lot of people,” added McDonald. http://www.cnbc.com/2016/03/16/yellen-just-gave-stocks-the-green-light-strategist.html

In the past, Janet Yellen has (correctly) stated that increasing artificially low interest rates sooner and gradually is less disruptive to the economy than abrupt rises.

Postponing the raising of rates will not stave off what will ultimately happen.

The USA has been playing financial games that will contribute to its destruction in the long-run. Artificially controlling interest rates (keeping them lower than what a market without government invention of false assets) makes most feel that the USA has its financial condition under control. But that is not the case.

Consider that:

In fiscal year 2015, the federal budget is $3.8 trillion. These trillions of dollars make up about 21 percent of the U.S. economy (https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ accessed 11/04/15)

The USA currently has over$19 trillion dollars in admitted debt and is heading towards $20 trillion with the latest budget deal that a Republican-controlled Congress and a Democrat president agreed to last Fall. Should interest rates ever rise above 19%, then the interest cost on the debt alone will equal the total of ALL expected US federal government spending.

While that may seem far fetched to some, the interest rates at some point in time will rise past that level and the USA dollar will be worth little more than the cotton-paper it is often printed on (much USA money is actually electronic only, and electronic entries at some point in time will have no particular value).

You might think, well, why don’t you use more historically likely rates, say 8%. Well at 8%, assuming a US$20 trillion debt, then just the payment of interest will be nearly one-half of all federal spending. And since it is not likely that the politicians will cut the other spending to compensate nor raise taxes even to cover it, we can properly conclude that the USA would then increase its total debt at an even higher clip.

Some voiced concerns that the US dollar would collapse or start to collapse in 2015 and some details are in the following relatively short videos:

Market Collapse then New World Order in 2015?
A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach?
Project Prophecy: Economic Collapse Starting in 2015?
Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse? Does anything he advises agree with Bible prophecy? What does the Bible show is coming? Does the Bible show a future collapse of the USA dollar? What about the Euro, silver, or gold? Dr. Thiel addresses these.
USA Ushering in the Collapse of its Currency This Year?
According to financial reporter Porter Stansberry, the USA is ushering in the collapse of the US dollar through its debt, regulations such as FATCA, and other policies. Porter Stansberry proposed that marshal law could be implemented in the USA. Is any of this possible? Will there end up being a collapse of the USA dollar? While parts of FATCA have been delayed, will the USA end up losing its economic dominance? What does Bible prophecy reveal?

While as I publicly stated last year, the USA dollar would not collapse in 2015, the USA has taken steps to encourage others in the world to look for a way to replace the USA dollar as the world’s primary reserve currency. The IMF formally announced late least year its plan to include China’s currency in the “basket of currencies” for its SDR (Special Drawing Rights) (see IMF adding China’s currency to its basket).

There will be ‘bumps in the economic road’ until the Europeans (Daniel 2:41-43) and others are able to replace the USA dollar. There even could be an extended time that the USA dollar will remain on top.

But that will change quickly.

Notice what the Bible prophesies:

3 For when they say, “Peace and safety!” then sudden destruction comes upon them, as labor pains upon a pregnant woman. And they shall not escape. 4 But you, brethren, are not in darkness, so that this Day should overtake you as a thief. (1 Thessalonians 5:3-4)
2 And the Lord answered me:
“Write the vision;
make it plain on tablets,
so he may run who reads it.
3 For still the vision awaits its appointed time;
it hastens to the end—it will not lie.
If it seems slow, wait for it;
it will surely come; it will not delay.
4 “Behold, his soul is puffed up; it is not upright within him,
but the righteous shall live by his faith.
5 “Moreover, wine is a traitor,
an arrogant man who is never at rest.
His greed is as wide as Sheol;
like death he has never enough.
He gathers for himself all nations
and collects as his own all peoples.”
6 Shall not all these take up their taunt against him, with scoffing and riddles for him, and say,
“Woe to him who heaps up what is not his own—
for how long?—
and loads himself with pledges!”
7 Will not your debtors suddenly arise,
and those awake who will make you tremble?
Then you will be spoil for them.
8 Because you have plundered many nations,
all the remnant of the peoples shall plunder you,
for the blood of man and violence to the earth,
to cities and all who dwell in them. (Habakkuk 2:2-8; English Standard Version)

The arrogance of political leaders in increasing the debt will not happen forever. The USA is the most indebted nation in the history of humanity and those in it should try to understand this prophecy.

While Janet Yellen hopes that something like what Habakkuk 2:7-8 will not happen, it will come to pass. Her policies and pronouncements will NOT be able to save the USA financially.

Those who think the current world order with the USA’s dollar on top will last through the end of this century are in error.

http://www.cogwriter.com/news/prophecy/mm-sees-economic-danger-and-feds-yellen-sees-global-financial-risks/

News Presenter: John Hickey