Gautam Adani was portrayed as the second richest man in the World. Hindenburg Research punctured the balloon. It can be the start of a global financial meltdown.

September 16th, 2022: World’s Richest List: Adani overtakes Jeff Bezos to become 2nd | Gautham Adani becomes 2nd richest person in the world

India’s Gautam Adhani has taken the 2nd place in the list of the world’s richest people published by Forbes with a net worth of USD 155.7 billion. Adani is currently second behind Amazon founder Jeff Bezos. Tesla founder Elon Musk is the richest person in the world with a net worth of USD 273.5 billion. Adani’s assets have grown by more than USD 70 billion this year alone. Adani is the only among the world’s top 10 richest people to have seen such an increase in net worth this year alone. Adani’s assets have grown tremendously this year. Adani first surpassed Mukesh Ambani as Asia’s richest person last February. Similarly, last month he surpassed Microsoft founder Bill Gates as the fourth richest person in the world.

Source: Times News

My comment:

Many people in the inner circles of global financing have known about this dirty business, but kept quiet. To much money have been shipped offshore to Tax havens and further into Indian assets. If, or rather when Adani falls: This can give a snowball effect, the beginning of a global meltdown. For too many years governments have stolen peoples money by issuing fresh bonds. That basically hardly are worth the paper they are written on.

A few days ago the Adani share bubble bursted. As late as yesterday Life Insurance Corporation of India (LIC) and State Bank of India (SBI) was ordered by the government to bail out Adani. Just to loose billions of public money in less than 24 hours. Today the shares fell another 25 per cent. The conglomerate has within a week lost ca. 50 per cent of its share market value, a loss of a whopping 100 billion USD. We have to give thanks to the small New York based company Hindenburg Research for exposing Adani and his supporters.

2 Timothy 3:13

While evildoers and impostors will go from bad to worse, deceiving and being deceived.

The greed around Adani has only been matched by the political ambitions of Indian Prime Minister Narendra Modi (BJP). Adani have been given the green light to do whatever he desires. As long as Modi can appear with his picture on front page full page adds in Indian national newspapers, when he inaugurates all kids of «developments» projects. Almost all of it financed by issuing debt bonds. The account deficits have reached astronomical levels. Now the bubble finally bursted.

In the Biblical perspective, a global financial meltdown, chaos and panic will take place. Sooner than later. As spoken by Yeshua the Messiah (Jesus) 2.000 years ago. The Messiah pinpoints the Mother of all Trouble to the days just before His return. All who believe, obey and trust in Him will be able to understand.

Published by Ivar