The Truth About the World Depression–Who Is Doing What?

It is so complicated–understanding this terribly deep recession/depression that we all find ourselves in.  What is really happening?  Who did this mess?  And why?   And more importantly, where is it all headed, and how can we prepare?  Bob Chapman of the International Forecaster, puts it in a  nutshell for us:

“In the financial markets, whenever you have losers, you also have winners. Someone sold the losing asset to someone else, receiving full value for it before the loss was incurred, with full value often being a fraudulent and fictitious figure, calculated with mark-to-model values based on bogus assumptions and even more bogus financial ratings and appraisals.

“The winners are always the Illuminist banks, investment banks and brokerage houses, who sold bogus paper at full value, and whose executives and employees take all the profits off the table via salaries and bonuses before the losses come back to haunt them when things like SIV’s and municipal auction rate securities.

“The bailouts are intended to prevent such losses from hitting Illuminist creditors by transferring the losses to the taxpayers, whose government creates money out of thin air to fund the bailout of such losses. The resulting monopoly money will eventually result in hyperinflation, the collapse of the dollar, the loss of the reserve status of the dollar, the downgrading of US treasury bonds, and, via higher interest rates and risk re-evaluation that will become necessary to bring this profligate flow of monopoly money under control, the collapse of the bond market, the real estate market, and the hundreds of trillions in interest rate swaps.

“The thermonuclear financial meltdown cometh, so be ready with gold, silver and their related assets. What has transpired thus far is just the tip of the iceberg that will send the US Titanic down to Davy Jones Locker.”

For another lucid voice explaining how our futures have been squandered,  listen to the prescient Peter Schiff here: http://socioecohistory.wordpress.com/2009/02/07/peter-schiff-on-us-economy/

We, the sons and daughters of God, must know the truth about what is happening on the world economic stage, for this depression will inevitably lead the world into the One World Government prophesied in the book of Revelation.  “They” always start with control of the money–then they go on to the “souls of men.”   Our money will fail, as it did in Egypt, in the time of Joseph and his brothers.  Then the masses will have to play the bankers’ game to “buy, sell, or trade,” in order to survive during the Great Tribulation Period, which the church will have to go through.  KWH

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Filed under Federal Reserve, great tribulation period, new world order, One World Government, sons and daughters of God

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