Tag Archives: Economy

“What’s It All About–Algae?”–Energy and the “Power of Darkness”

I’ve been seriously thinking about the energy problem, but the President’s got me singing that song (with apologies to Bacharach/David).  He really does.

We’ve got crippling gasoline prices, but algae?  Really?  Is that what it’s really all about.  Hey, Mr. President.  We need relief now–not ten to twenty years from now.

The President’s reluctance to open up federal lands and offshore waters for oil drilling confounds me.  Many experts say that it would quiet the speculators and show the world we mean business in getting hold of our energy crisis.  It would bring down crude prices much faster than all the alternative energy sources combined.

“Is it just for the moment we live?”  Not drilling–is it just to appease your base, Mr. President, for this moment of re-election?  Or should it be a government “of the people, by the people, and FOR THE PEOPLE” and their well-being?  Because people are hurting.

I mean–don’t make me go out and buy a Suzuki 250 to ride to work on.  Or worse yet, a Chinese 150cc scooter–although 83 miles per gallon is very enticing.

“What’s it all about when you sort it out, Mr. President?  Wait a minute.  That really is the question that needs answering.  What is it all about, anyway–concerning this big picture stuggle I find myself in?  For I am wrestling in my mind with members of both political parties over the future of our world.

And then a “wrestling” scripture comes to mind, and I am grateful for a word of truthful sanity because what both sides are saying just does not make any sense whatsoever.  For we are not wrestling “against flesh-and-blood enemies, but against evil rulers and authorities of the unseen world, against mighty powers in this dark world, and against evil spirits in the heavenly places” (Eph. 6: 12 NLT).

Wow.  You want to whip out a can of political incorrectness?  Here is a taste.  Our political and economic leaders are being led by “rulers of the darkness of this world,” as it says in the KJV.  The apostle Paul called those entities that motivated political leaders “the rulers of the darkness of this world.”

But Paul is not talking about the physical men in political power.  He is talking about the spirit in them that works through them.  He calls these spiritual powers “the wiles of the devil,” reflected in the earthly face of our world leaders (v. 11).

Some would say that Paul the apostle was too harsh.  But he was just following his example, Jesus Christ (Yahshua the Messiah).  For He said the same thing.

An example of this spiritual power of Satan working through the leaders of this world system is in the gospel of Luke.  The “chief priests and captains of the temple, and the elders” came out to arrest Jesus/Yahshua, and then they took Him to “the high priest’s house.”  And these same quasi-political leaders “mocked Him, and blindfolded Him,” struck Him, and then demanded of Him, “Prophesy, who is it that smote you?”

Remember.  These are the leaders of the people.  Christ said that what they were doing to Him is “the power of darkness” (22: 52-53).  Paul in the KJV said that our struggle is not against human beings but against spiritual “powers, against the rulers of the darkness of this world.”  Their statements are almost identical–truth established in the mouth of two witnesses.

So, what’s it all about?  Certainly not algae, although algae, like an evil spirit, does fly under the radar most of the time.  It is about the spirit of the Wicked One working through world rulers to hinder the people and harm their immediate pocketbooks, and that same spirit working to thwart the Kingdom of God by establishing their one world government.  That is what it is all about. KWH

Advertisements

2 Comments

Filed under Economy, end time prophecy, false prophets, false teachers, One World Government

The Worst Financial Crisis Since the Great Depression: A Short History

Bob Chapman gives us a brief financial history and outlook:  “If you look back into the mid-1960s you will see the beginnings of today’s financial and economic problems. Inflation was beginning to raise its ugly head as clad coins came into being. We were collecting all the pre-1964 90% dimes, quarters and halves we could find. As we moved into 1968 few were to be found in circulation. War in Vietnam was draining the country and the buffoon Lyndon Johnson, another socialist, was leading America into the Great Society. What he was really doing was taking the US into socialism and debt.

“It got so bad that countries were demanding gold for dollars; particularly aggressive was President Charles DeGaulle of France. Then the beginning of the end came. On August 15, 1971 the dollar was moved off the gold standard and the dollar became just another fiat currency.

“Here we are almost 40 years later, and the dollar has lost 95% of its purchasing power and two breadwinners are needed in every family, as opposed to one in 1971. That is when social engineering began, as we know it today. We’ve seen many losers walk across the stage over the years – all with either their hands in the till or exuding incompetence. Most of the bright still excelled but 55% of Americans slipped into stupidity. What is sadder is they think they know it all, but they do not. From 1976 to 1981 gold and silver warned us of what was coming. We have had cycles of inflation, buildup of debt and a general degeneration of society.

“We had a purging of the system in the early 1980s but it certainly did not last long. Real estate collapsed starting in 1988 and the effects carried over into the early 1990s. During that period those in control had a great opportunity to again purge the system, but they refused to use that option and went right back to doing what they had done in the past. Gold and silver fell out of favor and we were subjected to the dotcom boom, which ended in tears for so many. Inflation was about, but worse, a great deal of wealth had been lost. We were fortunate enough to call the top of the market in the first week of April 2000, just two weeks after the actual top. Only 2% of economists, analysts and newsletter writers called the top. Being mostly outnumbered by the losers has its benefits. Presently 95% believe gold and silver are headed lower. Considering their track records we’ll stay long as we have been since the second quarter of 2000 when gold was $262.00 and silver was $3.50.

“Many professionals are looking for answers as to why the US economy and finances are in the state they are in. We have been pointing out for ten years that the Fed is the problem, but those who realize this are afraid to speak the truth. They won’t have their jobs long if they do speak out. Low or zero interest rates may have helped government and big business, but it has not helped small business and the unemployed. Are we to believe that the Fed had nothing to do with the real estate collapse? Of course they did – they planned and executed it. The zero interest rate policy still in place has created more grievous damage than any other aspect of economic causes.

“Framing failed policy in the context of the system and calling it mistakes and incompetence doesn’t cut it. The problems we have seen since 2000 were planned that way. Investors and professionals do not want to hear that. They do not want to look behind the facts because it’s not popular, and they may have to tell the truth, and that is very inconvenient for an employee’s financial health. Why do you suppose the Fed didn’t want anyone to know to whom the $13.8 trillion was lent to and why, and what collateral was presented?  A great part of the loan packages went to banks and others, which had been buyers of MBS from US syndicators. We would say the next logical step in this charade would be to clean up the rest of the toxic waste in the US and Europe and then come up with the $8 trillion to bail out Fannie, Freddie, Ginnie and FHA. We believe that either legislation or fiat order has to be set in motion at 5-1/4% to bring home the $1.9 trillion America’s transnational corporations have stashed in the Cayman Islands and in other tax havens. You notice you cannot do that, but these anointed corporations can. They can use the funds to again prop up the stock market, perhaps make the market go higher, make their company’s stocks go higher, so they can again cash out their options making billions and to help fund the Treasury, Agency and perhaps buy MBS-CDOs at $0.15 on the dollar. Don’t forget elitists control all these corporations or those who manage these firms are under elitist thumbs. We see this move as inevitable with the Fed already offside some $1.2 trillion. Eventual assistance to the housing agencies would fit perfectly with our prediction seven years ago that these agencies were broke, they would be nationalized, which they were, and funding by the Fed would lead to eventual 55% control of the US housing market. Over the next two generations almost all real estate half will belong to the Fed and government. This way they will be able to tell people where they will live and work and a myriad of other controls will be in place.

“Transnational conglomerates contend they need the ability to avoid taxation of the US, which runs from 35% to 40%. In Europe the range is 24% to 30%. Individual US taxes, after state and local taxes, run about 35%, but in Europe if you add in VAT the average is 70%. Therein lies the difference. The only way to deal with the problem is to set up tariffs to protect US jobs and industry from predators such as transnational conglomerates. The tariffs would fund government and debt and there would no longer be any reason to move jobs and industries offshore. That means the majority of jobs and industry would return to the US. Under current law there is no reason for US corporations to invest in the US because it is uncompetitive. We wrote about this in 1967, but no one was listening.

“If all this wasn’t damaging enough, most American municipalities are facing bankruptcy. Police, fire and social workers are already being eliminated, some with 15 to 25 years on the job. This dislocation is going to be devastating in communities. This is the result of pure incompetence and we predicted this result three years ago and recommended the sale of municipals. We must say that salaries and benefits at these government levels got totally out of hand. After 30 years on the job some retirements are $150,000 to $200,000 a year, which is totally absurd. This new wave of ongoing layoffs will add to core unemployment. Those lucky enough to find jobs will do so at a rate of 1/3 to 1/2 of previous salaries. This is why America desperately needs tariffs on goods and services. Unfortunately tariffs are a long shot as the elitists behind the scenes have purchased 95% of the members of our House and Senate and no such legislation could be passed. Then there still is the revolving door between Wall Street and the Fed and the Treasury. The latest in your face appointment to fill the shoes of Rahm Emanuel, as White House Chief of Staff, is Mr. Daley from JPMorgan Chase’s Midwest branch. Doesn’t the public see what is going on? Or do they care at all? We see 55% of know it all Americans not caring or being too dumb to understand.

 “In the world of CNBC, CNN and Bloomberg up is down and down is up. It is also evident that governmental deficits will never be liquidated, unless, of course, Washington steals Americans’ $6 trillion in 401Ks and IRAs, which they have every intention of doing. The bill has been prepared and our politicians and Wall Street are waiting for the right moment to jam it through. Just think of it, a lifetime of work wiped out in the blink of an eye. If you have these plans you had better think about liquidating them before it is too late.

“Gold has become again the world reserve currency. It is just that few realize the transition has already taken place. For the past 11 years every major currency has fallen in value versus gold from 13 to 20 percent annually. Versus silver, the figures range from 17 to 25 percent. This is a clear-cut ominous trend of a flight away from all currencies to gold and silver and quite a flight to safety. This movement by worldwide investors cannot be ignored. There obviously are many people that see what we see and in that process are dumping currencies for gold and silver related assets. Unfortunately, Americans are far behind in these changes with only 2% of the population participating. Ladies and gentlemen the second stage of the gold and silver bull market has just begun. Prices have fallen from their highs, what a great time to buy” [from The International Forecaster, http://theinternationalforecaster.com/International_Forecaster_Weekly/The_Fed_Synonymous_With_Stimulus_Policy ].

4 Comments

Filed under Economy, end time prophecy, Federal Reserve, One World Government

“The U.S. Dollar Is Doomed,” Says Puru Saxena of Hong Kong Wealth Management

To understand what is happening to our economy, sometimes it takes a fresh set of eyes examining it from the outside.  This article explains what the Federal Reserve Bank is doing to our currency and how we all are affected:

“Austerity be damned, at this rate Mr. Bernanke will go down in the history books as one of the greatest money creators ever to have walked this planet!  

Never mind sky-high deficits and a crushing debt overhang, at its most recent FOMC meeting, the Federal Reserve all but guaranteed another round of quantitative easing.

 While the American central bank did not officially expand its quantitative easing program last month, it did reiterate its willingness to institute more aggressive monetary policy measures in order to combat the risks of deflation.  Furthermore, Mr. Bernanke did officially downgrade the Federal Reserve’s outlook for inflation.

The truth is that the US is insolvent and its policymakers will stop at nothing in order to avoid sovereign default.  So, it should come as no surprise that at its latest meeting, the Federal Reserve downplayed the risk of inflation, thereby setting the stage for another round of money creation.

Make no mistake; Mr. Bernanke has already created copious amounts of money. Granted, the Federal Reserve’s previous monetisation was highly secretive, but you can be sure that it did occur.  Allow us to explain:

You will recall that during the depths of the financial crisis, the Federal Reserve expanded its own balance-sheet and bought all sorts of toxic assets from the financial institutions.  By doing so, Mr. Bernanke created money out of thin air and bailed out the major banks. 

Thus, the banks were able to dump their garbage assets on to the Federal Reserve and once they received the newly created cash in exchange for these securities, they loaned this money to the US government by purchasing US Treasuries.  In summary, in the previous round of quantitative easing, the Federal Reserve created new money and instead of lending it directly to the US government, it used the banking cartel as its conduit.  Back then, not only did the Federal Reserve create more than a trillion dollars, it also dropped its discount rate to almost zero; thereby allowing banks to borrow money cheaply!  It should be noted that since the banks were able to obtain such inexpensive funding from the Federal Reserve, they had absolutely no qualms about re-investing this capital in US Treasuries.  

At first glance, the Federal Reserve’s stealth monetisation plan seemed flawless.  The banks offloaded their toxic assets on to the Federal Reserve, they made fortunes by investing in US Treasuries and the American government got access to a cheap source of funding.  Magic!

Despite the fact that this financial wizardry was a lifeline for American policymakers and their banking cronies, let there be no doubt that it was an unmitigated disaster for the American public.  Not only did the Federal Reserve nationalise the banks’ losses but more importantly, Mr. Bernanke’s money creation efforts have seriously undermined the viability of the US Dollar.   

It is noteworthy that since bailing out the major banks and orchestrating the stealth monetisation, the Federal Reserve has been busy purchasing US Treasuries.  Furthermore, it is now almost certain that in next month’s FOMC meeting, Mr. Bernanke will unleash yet another round of quantitative easing.  In other words, in order to fund Mr. Obama’s out of control spending, Mr. Bernanke will create even more dollars out of thin air!  Allegedly, this new round of money creation will drive interest-rates lower, thereby helping the US economic recovery.  Or so the story goes.  

Unfortunately, as any serious student of economic history knows, there is no such thing as a free lunch.  By adding trillions of additional dollars to the monetary stock, Mr. Bernanke may succeed in bailing out his friends in high places but he is seriously jeopardising the US Dollar.  In fact, bearing in mind the recent developments, it has become clear to us that the Federal Reserve wants to debase its currency.  In our humble opinion, the US Dollar is a doomed currency and there is a real risk of an abrupt plunge in its value.

If our assessment turns out to be correct and Mr. Bernanke unleashes the second phase of quantitative easing, you can be sure that the US Dollar will slide against most un-manipulated currencies (which are few and far between) and hard assets.  In fact, monetary inflation is the prime reason why we believe that the ongoing bull-market in stocks and commodities will continue for several more months. 

Look.  The US economy is swimming in debt and the total obligations (including social security, Medicare and Medicaid) now come in at around 800% of GDP!  Furthermore, this year alone, Mr. Obama’s administration plans to spend another US$3.5 trillion, meanwhile the US Treasury will raise roughly US$2.2 trillion from issuing new government debt!  Clearly, these numbers are unsustainable and you can bet your bottom dollar that the Federal Reserve will end up buying a large proportion of the newly issued US Treasury securities.  As the American central bank funds more and more of Mr. Obama’s spending by creating new money, it will trash the value of its currency.  In fact, given the growing imbalance between the government’s spending and tax receipts, very high inflation is inevitable and even hyperinflation cannot be ruled out.

For the sake of their financial well being, it is crucial that investors understand that inflation or even hyperinflation is a monetary phenomenon and a strong economy is not a pre-requisite for the debasement of a national currency.  Whatever the reason, if a central bank decides to significantly increase the quantity of money in the system, that currency’s purchasing power will always diminish.  This is how fiat-money regimes have operated since the beginning of time and this era is no different. 

It is interesting to note that throughout recorded history, the worst excesses of inflation occurred only in the 20th century.  Undoubtedly, this was a direct consequence of the adoption of fiat-money…” [To read more of this article that “highlights all the hyperinflationary episodes in recorded history” in chart form, go here: http://news.goldseek.com/GoldSeek/1287727560.php ]

He finishes by writing: “Unfortunately, the Federal Reserve and its allies have not finished inflating and over the following years, they will create even more confetti money.  Under this scenario, cash will continue to lose purchasing power and the asset poor middle-class will get even more impoverished.  If our assessment is correct, cash will prove to be a disastrous ‘asset’ over the next decade and once the Federal Reserve’s manipulation ends, fixed income securities will also depreciate in value. 

 Bearing in mind our grave concern about high inflation and the very real possibility of hyperinflation, we continue to favour hard assets such as precious metals and energy.  At present, we have allocated roughly half of our clients’ capital to these sectors and it is our belief that this should be an adequate inflation hedge.” 

 Puru Saxena publishes Money Matters, a monthly economic report, which highlights extraordinary investment opportunities in all major markets.  In addition to the monthly report, subscribers also receive “Weekly Updates” covering the recent market action. Money Matters is available by subscription from www.purusaxena.com

Puru Saxena is the founder of Puru Saxena Wealth Management, his Hong Kong based firm which manages investment portfolios for individuals and corporate clients.  He is a highly showcased investment manager and a regular guest on CNN, BBC World, CNBC, Bloomberg, NDTV and various radio programs.

Leave a comment

Filed under Economy, Federal Reserve, new world order

Presidents Do Not Make Presidential Policies–The CFR, Trilateralists, and Bilderbergers Do, Says Bob Chapman

A must read by Bob Chapman explaining what’s going on behind the economic and political debacle in Washington:

“We remind you that presidents do not make presidential policies. They are made by the bureaucratic types, who receive their marching orders from the Illuminists above them. This is why you had the seamless transition from the neocon administration to the current decidedly more fascistic one now in power.

Team A replaced Team B from the Council on Foreign Relations, Trilateralists and Bilderbergers. Nothing really changed. If you accept the premise that they are all intent on creating world government then you can understand why they all are preparing us for controlled collapse.

These planners expected problems, but they were not prepared for the potential of major social unrest displayed at Town Hall meetings nationwide. There is finally growing social unrest and rightly so. All that was initiated by bailing out the rich financial sector to the tune of $23.7 trillion, and then the lying about where funds were going and how they were being used, then more lies, and then the bonuses at AIG and Goldman Sachs and at other Illuminist companies. The public has begun to listen to our story and the elitists cannot let the truth see the light of day. The system is rigged toward the rich insiders and now the public isn’t even getting crumbs and everything is being taken away from them. Those insiders… are dismissive of population and the fairness of the system…

Government no longer serves the people or the general good, and the healthcare and cap & trade are typical issues. It is not what Americans want, but what corporate America and politicians want. All the rewards to the crooks on Wall Street and in banking that have destroyed our financial system. We have just been on the receiving end of dreadful government for 8 years and Americans feel helpless after electing a new president. The result thus far has been disastrous.

Still few of their elected representatives listen to anything they have to say and it is no wonder we saw the outpouring of unhappiness displayed at Town Hall meetings. This in part is why people are walking away from debt and not paying their taxes. They believe they have an illegitimate government, which refuses to serve and listen to them. They now only represent corporate America.”

{This article appears in its entirety here:  http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Economic_Breakdowns_Cause_Social_Breakdowns 

 

Leave a comment

Filed under MYSTERY BABYLON THE GREAT, new world order, One World Government, world system

Peter Schiff: Economic Predictions for America, 2009-2012

We had better listen to Peter Schiff.  He predicted the stock market crash of 2008 and the real estate bubble bursting.  Here are his predictions for the immediate future, including 2009-2012:

“So, the question is, what are going to be the consequences of what we’re doing now?

“And what I think is going to happen is that, ultimately, people like the Chinese and the rest of the world — the Saudis and the Japanese and everybody else — they’re going to figure this out, and they’re not going to want to play this game any more. We’ve got them conned right now.

“In my book, in Crash Proof, I compared it to Tom Sawyer. You know, there was that passage in Tom Sawyer where Tom gets everybody, all the kids in the neighborhood, to whitewash his fence. And he gets them to pay for the privilege of doing his chores.

“And when Mark Twain wrote that passage, he probably had no idea that it would one day form the basis for the entire global economy. But we’ve got the world painting our fences. Like they don’t have their own fences that need painting.

“But the world is not going to accept this, this economy. You had Hillary Clinton from when she went over to China, a couple weeks ago, to get them, to beg them to buy our bonds.

“She’d tell them, “We’re all in this together.” And basically this is what she tells the Chinese: “You need to take money away from your citizens and loan it to us, so we can give it to our citizens so they can use it to buy products made in your company to keep your people employed.” That’s the deal that we’re making with them.

“Now, what the Chinese should say to Clinton is, “You know what, I got a better idea. Why don’t we just leave our money with our own people and then they can use the money to buy their own products. That way we get to keep our stuff.”

“The way it is now, we get all the stuff and all they get is the jobs. Well, what good are jobs without stuff? That’s slavery.

“So they’re going to figure it out. And what’s going to happen is they’re not going to buy our bonds, and the Fed’s going to start buying all the bonds, and the dollar’s going to plunge. And this crisis is going to end up being a currency crisis. And when it becomes a currency crisis, then you’re going to have higher consumer prices and you’re going to have higher interest rates.

“Right now, we’re creating a lot of inflation. A lot of people are talking about, “Oh, there’s not inflation, it’s deflation.” That’s all nonsense. Real-estate prices are falling because they’re too high. Stock prices are falling. But that’s not deflation. That’s just falling prices. There is no contraction of the money supply, it’s growing like crazy.

“And this crisis is going to end up being a currency crisis.

“But the expansion of the money supply is not immediately showing up in rising prices for commodities or consumer goods, because there are other temporary factors that are pushing prices down at the same time inflation is pushing prices up. You’ve got deleveraging; you’ve got bankruptcies, going-out-of-business sales; you’ve got a lot of companies liquidating their inventory; and you have the dollar strong.

“And what happened was, paradoxically, when this crisis began, money flowed into America instead of fleeing America, which it will do ultimately. Can you imagine there’s a giant explosion and everybody’s running towards the blast? That’s what’s going on.

“And when people look around the world and they say, “Well, people are coming to America because as bad as it is every place else, it’s so much worse here.” That’s nonsense. That’s just what they’re saying to explain it. Just like they tried to justify the real-estate bubble or the Internet bubble. That’s all nonsense.

“The reason it’s so bad in the rest of the world is because they loaned us so much money and we can’t pay them back, and now they’re losing, based on their bad loans.

“And what’s really causing the global credit crunch is that we’re borrowing so much money right now, we’re crowding out everybody else. The fact that people are loaning us so much money means that private businesses around the world can’t get capital. Why? Because it’s all going to the US government, that’s why.

“So the world is suffering, not because our economy is collapsing, but because they’re foolishly trying to prop it up.

“And when they figure this out, then we’re going to get a real economic crisis. Because when the dollar starts to plunge — and it will — then we’re going to see prices rising, sharply, for consumer goods, and interest rates rising.

“And if we think we have problems now, wait till we see how much worse they get when we throw rising consumer prices and rising interest rates into the mix. And there’s nothing the government’s going to be able to do about it.

“Right now, unemployed people are getting the benefit of lower prices. Imagine when you’re out of work and your prices are going up, because that’s what’s going to happen. And then this is going to be a real economic crisis and then we’re going to be in for very, very difficult choices.

“And, unfortunately, the worst-case scenario is one that is looking increasingly more likely, which is hyperinflation. And if we get that, that’s where nobody will lend us money.

“And, so, the Fed buys all the bonds in order to keep interest rates down and to maintain deficit spending. And, then, the velocity money really starts to pick up. Nobody is going to want our money — not even American citizens will want our money and they will try to spend it as quickly as they can.

“The government might try to keep it together a little bit longer, with regulation. Maybe we’ll have capital controls. Maybe they’ll make it illegal for American citizens to do what I’m doing with my clients right now — buying foreign currencies, foreign stocks. Maybe they’ll make it illegal to buy gold.

“As prices really start to contract, to escalate, private parties will try to make contracts with payment in gold or other currencies. Maybe the government will make that illegal. There might be stores or people that actually don’t want to accept dollars because their value is dropping too rapidly. The government will make that illegal.

“And that means that we’ll have a black market. That means if you want to buy something, you’ll have to buy it on the black market, just like they did in the Soviet Union. The only reason you could buy anything there was because you bought it illegally.

‘A lot of these things are going to happen. I think early on, probably even in Barack Obama’s first term of office, I think we’re going to have price controls.

‘I think prices will be rising so rapidly, maybe even by next year, that they’re going to impose price controls on a number of products; probably energy, probably gasoline, probably milk, bread. And we’re repeating all the mistakes of the 1930s. We might as well repeat the mistakes of the 1970s.

‘And, so, when they put on price controls, what’s that going to mean? Shortages, power blackouts, long lines for gas, long lines for food. A lot of things are going to happen, I just mention that. Everybody now, of course, is talking about the 1930s and saying, “Oh, no, we can’t repeat the mistakes of the ’30s.” Well, that’s exactly what we’re doing.” ***

Most will not heed Peter Schiff’s advice; they will continue to go headlong over the cliff, following the other sheeple.  We have been warned.  There will be a few who will study out the warnings and make appropriate moves to not only preserve their wealth, but also prosper.  “My people are destroyed for lack of knowledge,” said Yahweh through his prophet for that  hour.  And it is through this economic knowledge that we can make it through the hard times.  Kenneth Wayne Hancock

***From his speech at the Autrian Scholars’ Conference, March 13, 2009

12 Comments

Filed under Economy, One World Government

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

{Be sure to bookmark this blog and visit again}

{Bloggers, to get more views go to http://alphainventions.com}

Leave a comment

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

A Sword Coming on the Land–The World Economic Collapse

A sword is coming on the land, a sword that is swiftly cutting asunder our financial dreams of a comfortable retirement in peace and tranquility.  But we are asleep and need to heed the warning alarms being sounded by a few.

We are headed to the culmination of a takeover of our earth by dark nefarious forces.  In order for their plans to take full effect, the money must fail before the One World Government prophesied in the Bible comes to pass.  The trillionare families of this world who pull the strings of the puppet presidents, prime ministers, and premiers–they have engineered this collapse.

And we are in the throes of a dying world economy.  The lapdog media, controlled by these rich men, sit idly by and do not bark to sound the alarm to warn the people of the coming disaster.

But don’t take my word on it.  Listen to Bob Chapman of the International Forecaster, one of the few:

“A new stimulus package of $800 billion to $1 trillion isn’t going to solve the problem. It is a package that should have happened two years ago, but our government, Wall Street, banking, economists and analysts refused to recognize the recession that began 23 months ago. It wasn’t politically acceptable and professionals were intimated from calling the economic situation what it was and is. Most still have not publicly declared recession.

“The package will come and go. A quick jolt will be delivered to the economy lasting six months to a year. It avoids addressing the systemic problems. No jobs and a purging of the system. That will come later with currency controls and debt default. Remember, the US bond market is ten times the size of the US stock market and if the flow of funds in and out of the country is curtailed the financial world will be bedlam and the world economy will probably collapse. Even with devaluation and a default, who will buy Treasury paper? That means debt internally will be all monetization and the US will be Weimarized.

“We are not going to say much at this juncture about deflation and what will happen when it arrives. All we will say is that it will be horrible. That is why your gold and silver coins, freeze dry and dehydrated foods, gardens, water filters and ammo and weapons are so important.

“They are your insurance policy to survival. Prices on everything will plunge 80% or 90%, as will income and the value of fiat Federal Reserve notes. The once rich will suddenly become poor and you will survive. This will happen worldwide. When the world bond market collapses it will make the stock market and real estate collapses look trivial. All we can say is that worldwide more than $100 trillion will be lost and the world economic and financial system will come crashing down. The clue will be when foreigners finally stop buying US government debt”

( http://www.theinternationalforecaster.com/International_Forecaster_Weekly/The_Smell_Of_Panic_In_The_Air_For_The_Economy ).

We as God’s children are not called to be cannon fodder but  overcomers and  survivors of what this world system throws at us.  We need to wise up, look around, do the research, be frugal, and we will fulfill our calling as His sons and daughters.   Kenneth Wayne Hancock,  https://immortalityroad.wordpress.com

1 Comment

Filed under end time prophecy, new world order, One World Government