If You Talk Black You Make Less Money

http://blogs.usatoday.com/ondeadline/2008/07/study-links-rac.html

I wonder if urban gospel singer Tye Tribbett is reconsidering that “It’s Good In The Hood” song after reading this …

Jesus Camp: Bewitching Our Children With False Doctrines

When I first started this website, I enthusiastically endorsed Jesus camps, thinking that they were an excellent way to turn children into spiritual warriors – as it WAS initially a charismatic spiritual warfare site – from an early age. Well … WOW WAS I WRONG! Jesus camps use the evil combination of spiritually seductive charismatic slain in the spirit frenzy and dominion theology politics. Instead of teaching children to pray for their enemies, to show kindness to the poor and elderly people, to interpret the Bible and discern doctrines, to worship and praise the Lord in a dignified manner becoming His glory, and to exhibit the fruits of the Holy Spirit, these folks are feeding these children false Christian doctrines and fascist notions of merging church, state, culture, etc. that will makes any of them that internalize this spiritual evil easy pickings for the anti – Christ and moreover very willing workers in the plot to create the climate where the man of sin will take power. The more things like this come out, as well as things with the Jesus Seminar, Mike Huckabee, Jeremiah Wright … Bible believing Christians have to start speaking out. There is something seriously wrong with both the religious right and the religious left, and we have to start boldly opposing it with the Word of God.

Watch this video below and pray for these children … and for their parents. http://video.google.com/videoplay?docid=-7157148037183248346

Did Oprah Winfrey Interview A Demon Named Abraham?

From Slice of Laodicea, though I first read about it at Soli Deo Gloria.

Oprah’s Interview With a Demon Named ‘Abraham’

 

I’ve known about The Secret and the promotion of the Law of Attraction for some time now, but had never studied it in depth. After receiving a not yet publicly released DVD called The Source of The Secret and after viewing all 67 minutes of it, I have been reading a great deal more about this whole teaching. A researcher friend of mine today suggested I listen to a clip from Oprah Winfrey from exactly a year ago where she interviewed Esther Hicks, author of The Law of Attraction: The Basics of the Teachings of Abraham on her satellite radio show. Abraham is not the patriarch from the Scriptures. Abraham is an assortment of spiritual teachers that reside inside of Esther Hicks who collectively are known as “Abraham”. Oprah interviews not only Hicks but interacts with the demon itself on her radio show. (Parts 2 and 3 of the interview are in the right hand margin.) Oprah is a powerful tool in the hand of the enemy.

The question is this: If the Law of Attraction is so wonderful and so important to New Agers, why are Christians giving this Law of Attraction biblical credence? That’s exactly what happens in the new DVD coming out in June called The Source of the Secret. After having watched the preview DVD I was sent, I can tell you that there are some seriously messed up Christians who genuinely believe this “Law of Attraction” was put into motion by God and spoken of in Scripture. I am going to be reporting further on this DVD shortly, but suffice it to say that the gnostic heresies that are as old as man himself are making a comeback with a vengeance. What the Lord Jesus Christ spoke was clear and in the light of day. “Repent and believe the Gospel” Mark 1:15. There was no secret, hidden knowledge that mankind could tap into and be like God. Only Satan suggested such a thing in the Garden.

“Pssssst! Eve, if you eat of that tree you will know good and evil. You’ll have secret knowledge. You will be like gods!”

There we see the first promotion of secret knowledge. The enemy continues to repackage this lie again and again and again for each generation since that moment in the Garden. Hear the hiss and turn your back on it.

 

Posted on April 2008 by Ingrid

Endtimes Alert: Doctor Gives 9 Year Olds Sex Changes. And They Say Evil Spirits Are Not Real?

See link here.

Genesis 6:5 And God saw that the wickedness of man was great in the earth, and that every imagination of the thoughts of his heart was only evil continually.

Luke 17:26 And as it was in the days of Noe, so shall it be also in the days of the Son of man.

A liberal Christian came by about a year ago to challenge me as to whether corporate industrial pollution was responsible for the increase in homosexuality – especially among children – by messing with their hormones (see link here). My response to him? COULD BE! Whether corporate greed drives sexual perversion, or whether sexual perversion drives corporate greed (pornography IS a multi – billion dollar business, and that does not even include the things that aren’t counted as pornography but should be, so where there is a demand mammon will meet it). But now here is the evidence that sexual perversion is deeply embedded into our culture and being normalized:

CHILDREN HAVE CUT themselves. In some cases, 9- or 10-year-old kids have staged suicide attempts. The little boys sob unless they’re allowed to wear dresses. The girls want to be called Luke, Ted, or James. Their parents, desperate to know what is wrong, go online and type “gender disorder.” And what they find is that, even now, decades after doctors performed the first sex changes in America, there’s little help for transgender children. 

There is more.

IDEAS: When are children old enough to declare what gender they will be?

SPACK: All I know is that when I see preadolescents, they have been dressing in the underwear of the other sex for years. These kids are almost certainly transgendered.

And they say evil spirits are not real? We are not just talking about the evil spirits in the children, but rather from the ADULTS that accommodate this vile wickedness, this abuse of God’s creation. This is the key part: the article says that pre – adolescents have been exhibiting this behavior for years. Pre – adolescent means pre – teen, which equates to 10 – 12. So if a 10 year old has been doing this for years, it means since 6, or 4. That is before a child has had any meaningful exposure to the culture: schools, movies and television, etc. So then, how is it that these children have been turned so perverse so early? Child molestation is an easy answer, but too easy. You may want to blame parental neglect due to so many households in which women work – especially households led by single mothers – but that is a class based argument, not a spiritual one, for many of our lower income and minority communities have always seen high percentages of working mothers and single mothers without anything like these sorts of problems. And please realize that the article talks about how this fellow learned these techniques from the oh so progressive Dutch who lack some of our social problems (instead having entirely different ones that the American media rarely speaks of). 

I think that an answer may be found in studying the state of Old Testament Israel. Regrettably I do not have a link at hand, but in one of his messages in The Minor Prophets series, Ronald Dart of Born To Win spoke of King Josiah’s efforts to spiritually rescue Israel, and gave the opinion that sometimes a nation’s apostasy has gone on so long and is so deeply embedded into the culture that it cannot be saved. Dart spoke of Israel then with their idolatry, sexual perversion (including child prostitution) and murder of the innocent (including child sacrifice) and compared it with the evils of contemporary America, making the conjecture that America had itself crossed its spiritual Rubicon into irrecoverable corruption and apostasy. So, God destroyed Israel, leaving it utterly desolate, so that the land could rest from the abominations of the people. Why? Well, God still had plans for the land … for His Son to be born into it. But Israel had so corrupted the land that God intended to be holy and set apart for the purposes of Jesus Christ that it had to be cleansed through desolation. 

Think back thousands of years earlier, Sodom and Gomorrah. The place was filled with sexual immorality and violence, so God overthrew it. And think back quite a time earlier, in the primordial period just before the flood. The whole world was filled with violence and other evils, including the giants in the land, the nephilim about which there has been so much speculation. But in all of these instances, the Word of God records that the very land itself had become corrupted with sin. Not just the people. Not just the cultural traditions, perverted religions, and public institutions of government, military, and commerce. And not just the animals (which the Bible makes clear can be corrupted, not only through God declaring everything that had breath of life corrupt and having to be destroyed in the flood and the evil spirits entering the swine when Jesus Christ cast them out of a man, but when God often warned the children of Israel not to keep or sacrifice to Him the cattle and sheep of pagan nations, but instead to destroy them all along with the people!), but the very land itself!

Now I will grant you, there is some ambiguity or flexibility as to what precisely the term “land” means in various contexts in the Bible, but in this instance we can be reasonably certain that it is strongly correlated with the geography of a nation itself. So if the land is polluted by what the people living in the land are doing, then in what manner is this pollution? If it is not a horde of evil spirits attracted to an area by repulsive sinful conduct of the worst manner, I do not know what is. And there is no worse sin than that of the person who has knowledge of God or professes God but rejects God. Yet that was what happened with Adam and Eve in the Garden of Eden, and mankind falling into sin and the entire creation being corrupted with it was the result. Romans 1:18-32 makes it clear that many in the world knew of God during the primordial period. And then you had the apostasy of Israel, God’s elect nation of stiff – necked people. Now I reject dominion and official theology, America is not the new Israel. But still, how can we not compare the wretched conduct of so many people who claim to believe in God to that of biblical Israel, of Sodom and Gomorrah, or of the cosmos before the flood? So if we are indeed a land corrupted by sin, with what is the resulting corruption? From my humble estimation, it can be nothing else but evil spirits that have such reign over the land that they can now enter into children of very young ages – ages before both Jewish and Christian doctrine claims that they can possess any responsibility for sin – and fill them with thoughts and provoke them to behaviors that are not convenient even without those children personally having been exposed to external sources of wickedness on that scale.

So we can suppose, then, that the effects of God ridding a corrupted land from its people so that it can rest as He did with Israel, Sodom and Gomorrah, and the entire world with the flood can be viewed in terms of Matthew 12:43-45, which reads “When the unclean spirit is gone out of a man, he walketh through dry places, seeking rest, and findeth none. Then he saith, I will return into my house from whence I came out; and when he is come, he findeth it empty, swept, and garnished. Then goeth he, and taketh with himself seven other spirits more wicked than himself, and they enter in and dwell there: and the last state of that man is worse than the first. Even so shall it be also unto this wicked generation.” Get rid of all the people, and there is nowhere for these unclean spirits walking through dry places to find rest, and nowhere for him to bring the seven spirits more wicked than he. It would honestly appear that with the grotesque abominations that are now not only commonplace and accepted but DEMANDED by our contemporary society that America as a nation is that wicked generation that is in that last state. The only question is whether it applies just to America, as it did to Israel in the time and place that Jesus Christ was speaking (as the nation of Israel was destroyed in 70 A.D.) or does it apply to the whole world? Is this the beginning of sorrows for the earth, or just for America? After all, nations have come and nations have gone! Remember the mighty civilization that the Aztecs built? Yet the conquistadors overthrew it all! So … time will tell. 

I acknowledge that during the short time (a little over a year) since I started this website, I have gone from (disillusioned) Pentecostal to a more Reformed Christianity, but people, evil spirits are real, and Reformed Christians have to come up with a way to deal with these problems through evangelism and ministry programs so that we can redeem God’s children from the clutches of the enemy. That is one of the reasons why I have yet to remove the spiritual warfare materials from the top (also to the side) of the site: it is mostly from the charismatic perspective – with due respect to the Baptist Frank Hammond – but really what else is there?  

From another perspective, this type of evil shows how perversion is taking over the world. Not only is it happening virtually unchecked, but it is the people that say that it is wrong that would face opposition. Suppose you and I were to go to Boston right now with picket signs and bullhorns in front of this fellow’s office, declaring to the world the abomination that it is. (Of course, some would propose that quietly talking to people and handing out gospel tracts would be a more effective and more Christian way of dealing with this evil than publicity – seeking grandstanding, but consider the question anyway.) The news media, the intellectuals (of which there is no shortage of in Boston) and even many clergy would denounce such an effort as hateful, bigoted, intolerant, etc. and before long there would be hate crimes legislation against it, with news footage of Christians yelling and swinging signs at crying confused children, it would be a political watershed moment for the gay rights community, their Selma. Yet a mere 40 years ago, such an establishment working this type of evil against children would have been burned to the ground!

It has to be spiritual. Satan knows that he has but a short time, so the forces of spiritual wickedness are being unleashed upon the earth in a way like never before, and it will build until the return of Jesus Christ. The moral climate, the economic climate, the wars and diseases, the apostasy of the church … it all adds up to one thing: the fulfillment of the things spoken of in Daniel, Ezekiel, the Olivet discourses of Jesus Christ in the gospels, Revelation, etc. And yes, the apostasy of the church is a clear indication. How can these things be going on in a nation that claims to be over 75% Christian (if not higher) without a single hint of righteous outrage? Without armies of Christians motivated to action? It is as if a spiritual cloud of fear, defeat, blindness, pacifism, and accommodation is hanging over the church. And so many are that are fighting are doing it the wrong way: through electoral politics and in the courts. Were John Edwards and George Whitefield about today, what would they say about us? And better yet: how come WE are not doing what John Edwards and George Whitefield did? And yes, I include myself among the number of those that really are not doing nearly enough for the gospel. I have to do more. We ALL have to do more!

Jesus Christ is coming back soon, Christians. And when He does, what will you say if He asks you why didn’t you do anything to help, defend, and advocate for His little children such as these?

To Follow The Three Step Salvation Plan Click Here! 

Click Here For Videos To Help You Learn How To Evangelize A Child

Pope Benedict XVI Plus George Bush Plus Battle Hymn Of The Republic Plus Five Supreme Court Justices Equals FASCISM!

Click Here To Follow The Three Step Salvation Plan!

Now I was going to ignore Pope Benedict XVI’s visit to America. I believe in religious freedom and tolerance, and see nothing to be gained by unnecessarily provoking people concerning their deeply held beliefs. I opposed the re – publication of the Muhammad cartoons for the same reason. Not only does such behavior fail to advance the cause of Jesus Christ, but it actually impedes the spread of the gospel by producing a public witness of Christians as being fearful, dishonest, aggressive, and lacking in compassion, mercy, and respect. The best example of this is the revolting racist Ann Coulter, who uses the legitimate truth that Jesus Christ is superior as an excuse to vehemently trash (OVERWHELMINGLY NONWHITE!) Muslims while extending politically expedient pluralistic salvation to (OVERWHELMINGLY WHITE!) Jews and Mormons. So despite the incontrovertible error of the Roman Catholic Church, I was going to remain silent out of respect to members of that false religion, as many of them are good people, and I pray that they are brought out of their error into Biblical Christianity just as I was brought out of works – based prosperity/Word of Faith Pentecostal Holiness. 

And then this happens. To the absolute glee of the religious right and warmongers everywhere (and regrettably to those deceived by them, for example the grieving father of a serviceman killed in Iraq that called into the Hugh Hewitt radio show last night – and yes Hewitt both continued his campaign to define religious faith in political/cultural terms and insist that Mormonism was a branch of Christianity based on it), George W. Bush plays “Battle Hymn Of The Republic” for the pontiff (whom Catholics call “the Shepherd”, not “a shepherd, which all pastors are, BUT THE SINGULAR ONE SHEPHERD). Listen, “Battle Hymn Of The Republic” IS NOT our national anthem. Now our national anthem is militaristic as well, but at least there would have been a REASON for playing it … it is our national anthem and therefore an entirely appropriate accompaniment to state ceremonies. Therefore, playing it would not have sent any religious and political messages (quite the contrary, one would be more likely to send a message by NOT playing it). But as for “Battle Hymn Of The Republic“, there is no ceremonial, traditional, etc. REASON to play that song unless you are trying to send a message, and with Bush the message was none other than the Iraq War and our national policy of warfare in general.

You would reply “So? Who did not know that George W. Bush and for that matter the Bush family is anything other than a bunch of warmongering globalists?” Well, THE POPE is what makes it an issue here. Now due to the nature of his position, the pope is SUPPOSED to be OFFICIALLY anti – war. But realize that state visits involving highly influential dignitaries are extremely sensitive matters with every detail agreed to and choreographed in advance in order to remove even the appearance of an insult by both the parties involved and the populations that they represent. And yes, a gigantic percentage of the national and global Roman Catholic Church, from laity to high ranking church officials, deeply oppose the Iraq War and what it represents: a major and global escalation of warfare and related tactics either directly (i.e. Iraq and Afghanistan) or by proxy (i.e. encouraging Ethiopia to invade Somalia). So the playing of this song – which would have been extraordinary even absent this context – would have not occurred without prior personal approval from Pope Benedict XVI himself. And Pope Benedict XVI would NEVER have given said approval unless he supported our military policy on some level, even if that support was not full or official.

Keep in mind: the pope is not under any obligation to make a public ceremony of meeting the president when visiting this country, and he certainly is not beholden to being subjected to conduct that he and his members find offensive and disagreeable while there. So had this not been acceptable to the pope, Bush would have asked to play the song, the pope would have said no, and that would have been it. Had Bush insisted, the pope would have simply refused to meet Bush in a public ceremony (or at all). Under those circumstances, NO ONE would have asked why the pope refused to meet with Bush, for the pope meets with virtually everybody. Instead, it would have been asked why Bush failed to receive the pope. And under those circumstances, an appropriate low level Vatican functionary would have been assigned the duty of “leaking” Bush’s completely unreasonable, inappropriate, and quite frankly INSANE demands to play A WAR SONG IN SUPPORT OF A WAR THAT THE VATICAN’S LONG AND WELL KNOWN POSITION IS TO OPPOSE during the visit to the (already hostile) foreign press, with the result being an international public relations firestorm. In short, on a matter such as this, the pope has all the leverage. He would not have exercised said leverage to consent to this highly unusual request – and in the process crossed the substantial portion of his church (possibly even a clear majority!) that oppose this war – had he not supported the politics, policy, and propaganda behind it on some level. Evidence of this is the absolute glee of the pro – war crowd. 

And then after the Bush reception of the pope (which incidentally was not only unprecedented, but would have been IMPOSSIBLE before Billy Graham’s evangelical – Roman Catholic ecumenism, IMPOSSIBLE before Ronald Reagan created white Roman Catholic and evangelical political ecumenism, and IMPOSSIBLE before Reagan established official diplomatic relations with the Vatican including the Roman Catholic Church’s own ambassador who must be appointed by the executive branch and confirmed by the legislative one … someone PLEASE explain to me how this DOES NOT VIOLATE the First Amendment’s ban on the government’s favoring any one religious view over another) there was a reception that included Roman Catholic Supreme Court Justices Clarence Thomas, Antonin Scalia, Samuel Alito, and John Roberts at minimum. Robert Kennedy may have been there too, but Kathryn Jean Lopez, the token minority at the National Review, does not include him as a “favorite” of hers. This woman, who has lately taken to blatantly cheerleading for our nation’s institutions and culture to increasingly reflect – and be governed by – Roman Catholicism, actually claimed that the event “was a terrific celebration at the White House of the pontiff, religious freedom, and  Catholicism“! And here is another entry from this loathsome enemy of Jesus Christ where she manages to A) claim that this nation is prosperous, virtuous, and free because it was founded on Roman Catholic principles (a notion which no doubt will soon be reflected in the religious right’s approved history books an curriculum), B) insult Protestants by comparing it to Mitt Romney’s “accept Mormons as Christians evangelicals just as Roman Catholics accepted you or be declared a bigot and the enemy” speech, and C) make a gratuitous “joking” slam against Protestants just for the fun of it. (This woman is still fuming over the evangelical refusal to bow to the notion that not being in the Roman Catholic Church places them on equal footing with Mormons, oneness pentecostals, Jehovah’s Witnesses, Scientologists, or any other crackpot cult group that wants to lay claim to Jesus Christ.)

Now Christians, I know a lot of you view Islam as a global threat to our faith, freedom, prosperity, culture, and way of life, believe that this threat should be met militarily, and for that reason support the wars in Iraq and Afghanistan and the war on terror in general in some form. I respect those views in the hearts of sincere and well – informed Christians that hold them; I just happen to disagree with them. Still, such Christians have to start investigating the history of the Bush family, their national and international political/business/social associations and activities, and also those of the globalist societies that they are members of or consort with (which now, let us face it, incontrovertibly includes the Roman Catholic Church … this may be gratuitous, but let me remind you that the meeting of Bush and Benedict was literally one between a member of the family that made a lot of money off the Nazi regime and a former member of the regime itself … Benedict was literally a Hitler youth).

Also, study the political, military, and FINANCIAL decisions made in pursuit of this war. It bears no resemblance to actually capturing and punishing the people that have been attacking us and our interests since the early 1990s (in response, let me remind you, to our long term threats, provocations, and military actions against THEM), neutralizing any future threats, or containing whatever threat to the west and its allies that Islam allegedly poses. I will say this: the full scale invasion of foreign nations strategy of Islam has been effectively abandoned ever since their defeat by Charles Martel at Tours. The reason is THEOLOGICAL: the Muslims sincerely believed that their moon god was fighting for them at the time, was responsible for all of their victories, and that global military conquest followed by their version of the endtimes was at hand. So, when they were defeated in such a decisive manner, that forced a change in their theological outlook. Thus, despite the presence of 1 billion Muslims in the world, no one can name the last time that there has been a full scale invasion and subjugation of a non – Muslim country. (By contrast, Muslim areas have been invaded and/or controlled by the United States, Great Britain, the Soviet Union, India, etc. in just the past 50 – 75 years!) Why is this the case?

Again, refer to the fact that THERE ARE NOW ONE BILLION MUSLIMS. Immigration, evangelism, and reproduction has proven to be a much more effective method of spreading their faith than the sword, and if anything going off and launching an invasion of any western nation (which would be technologically superior AND have the backing of other western allies) would not only be suicide, but it would lead to crackdowns of the very same liberal immigration policies that have allowed millions of Muslims to enter (and spread their faith to) western nations over the past few decades. As such, the Bosnia – Serbia – Kosovo mess is a perfect illustration of the current Islam strategy. And who did the United States back? Why the very Muslims that brazenly stole a large chunk of a Christian nation for themselves. 

Which proves that the entire war on terror AND the basis for it is a sham. Were it real, we would have done two things.

1) We would have gone after specific groups with a history of violence against us and our allies AND the nations that supply them with money, weapons, and hiding places. America has done the opposite by not only maintaining diplomatic relations with known terror sponsors like Saudi Arabia, Egypt, and the Palestinian Authority (which is actually the closeted homosexual Yasser Arafat’s PLO, people!) to speak nothing of our “special relationship” with Pakistan (which we had with Iraq not too ago!), but we are increasing the pressure on Israel to negotiate with Hamas (just as we forced them to negotiate with the PLO, and see where THAT got Israel … less land, more intifadas, rocket attacks, a collapsing economy, and a deteriorating internal political situation). Excuse me, but what are we supposed to gain by declaring the domestic army of a sovereign nation (Iran’s Revolutionary Guard) to be a “terrorist group”? Even better: what justifies this action? The ABSOLUTE OUTRAGE that they are helping folks that share their religion FIGHT THE SUPERPOWER THAT INVADED THE NATION NEXT DOOR? Sure, like if the Soviet Union had invaded Canada and Mexico during the Cold War we would have just sat around twiddling our thumbs waiting to be next. We were willing to go to start a nuclear war over the Soviet Union putting missiles in Cuba, but Iran is supposed to just do nothing after we A) put them on our axis of evil list, B) attack the regime of the neighboring country that we put in power to attack THEM in the 1980s, C) attack the nearby Afghanistan regime that we put in power to drive out the Soviets in the 1980s, and D) spend YEARS leading an international chorus demanding economic sanctions against them after the manner that caused the deaths of from 500,000 to 1,000,000 people OF THE NATION NEXT DOOR, sanctions that were used to weaken THE NATION NEXT DOOR to prepare for an invasion of THE NATION NEXT DOOR. Why? BECAUSE IRAN IS STARTING THE VERY SAME NUCLEAR PROGRAM THAT WE ALLOWED PAKISTAN TO COMPLETE WITHOUT BATTING AN EYE? What makes it OK for Pakistan to have the potential for weapons of mass destruction but not Iran or Iraq, ESPECIALLY SINCE USAMA BIN LADEN IS HIDING IN PAKISTAN RIGHT NOW!?!? Oh well, ignore all of that information. Just repeat the right wing line: Iran hates us because we are prosperous and free and they are a bunch of backwards savages with a strange religion. We are such a peace – loving, fair nation that has never bothered or been a threat to anyone but instead has always tried to act in everyone’s best interests, so hatred, fear, resentment, etc. against us just HAS to be irrational, right? Well put it to you this way: we starved 1 million innocent Iraqis to death knowing full well that the people who ran that country would always have plenty of food to eat. Hmmm …

2. Much simpler (and shorter) than 1: practically end immigration from Muslim countries. But notice how anyone who proposes this gets condemned in the international press and by all of the “relevant” political and religious leaders as a dangerous far right xenophobe. 

Since the Bush administration (and the administrations that preceded it and will follow it) are on record as vehemently opposing those steps – and anyone who advocates them! – what they are obviously engaging in is not a war on terror or on radical Islam. Instead, it is a policy of increased militarization for increased militarization’s sake. Even more concerning than the actual military action (again whether directly waged by us or by proxy) are the matters concerning intelligence, national security, and money. For the first time in world history, the various global powers have virtually carte blanche to monitor the personal and financial activities of any person or group. All it takes is an allegation of being a terrorist – a loosely defined term – and you can be detained indefinitely and without due process, including but not limited to being secretly whisked overseas to a nation where torture is legal. And where there are still (for now) limits to what they can do against people without sparking a public outcry, not so regarding assets: money and property. Keep in mind, they do not have to seize it, which would raise due process issues. All they have to do is freeze it to keep you from using it, and it has the same effect, and doing so to any individual’s or group’s (think church!) assets on a “temporary basis” requires virtually no evidence at all that needs to be made public. In the course of prosecuting this, the government has been quite prudent. They have gone after large numbers of people and groups that they know are probably guilty while at the same time going after people that they know are innocent. They are not after the guilty folks, because claiming that they are fighting terror by shutting down some charity that raises a few thousand dollars a year for Hamas when Iran, Syria, Saudi Arabia, Egypt, etc. are funneling them hundreds of millions in cash and weapons (again, something that we are doing nothing about) is ridiculous. Instead, they are seeing how far they can get away with detaining and freezing the assets of the innocent. The answer: pretty far indeed. It is only going to be a matter of time before what has been made acceptable to people and organizations with Arabic and Muslim names is going to be commonly accepted by these cultures to everyone, just as everyone now accepts being searched at airports (which the citizenry would have opposed tooth and nail less than a generation ago). 

So make no mistake: Benedict’s allowing the Battle Hymn of the Republic to be played during a state visit (which, incidentally, was not given for the Dalai Lama, a fact which not a few Buddhists expressed chagrin over, leading the loathsome Michael Medved to dedicate a show to denigrating Buddhism and the Dalai Lama … hard to appreciate coming from a religious right type that will go to the mat defending Mormonism) was nothing less than an expression of support for the Bush regime – and the new world order globalists that he serves – policy of global military and economic aggression. It also signals that Pope Benedict XVI himself is part and parcel of and servant to this same group of global imperialists just like Bush. And most importantly of all, it signals that Bush and Benedict have become brazen and bold enough to publicly celebrate this fact, with no thought given to the notion that they have to hide their ties, beliefs, and intentions. They could care less about who knows, just as Bush could care less about his approval ratings.

I am honestly of the opinion that this event was one of triumphalism. They were announcing to America – and to the world – that the globalist takeover of this nation was complete, and that America is irrevocably signed, sealed, and delivered. I do not know how long it is going to take, but everything else is going to be just a matter of winding things down and allowing things to fall into place. It could take 5 years, it could take 100, but the global consolidation is going to happen. After all, it is no accident that Bush’s releasing proposals on global warming that endorse our moving ever closer to global economic and political integration was timed to so closely coincide with the pope’s visit. After all, the pope has been on board with the global warming agenda for some time now.

It is also a good time to point out how both sides of the political aisle have contributed to these developments. For instance, conservatism pulled off the merging of evangelicals, Roman Catholics, Mormons, and Jews to create the ecumenical pluralist religious right, and in doing so effectively muted the political voice of Protestant fundamentalists. Liberalism, meanwhile, contributed their part by allowing any criticism of this state of affairs to be called “anti – Catholic bigotry” (piggybacking on the black civil rights movement!). Indeed, such rhetoric was key to creating the climate where the Supreme Court could rule to legalize school vouchers: the religious right was successful to use the language of the left to convince the body politic that the only reason why no one had ever seen the obvious wisdom of sending low income inner city PROTESTANT black children to Roman Catholic schools en masse (after all, they provide SUCH GREAT DISCIPLINE for the boys and OUTSTANDING MORAL INSTRUCTION for the girls!) was because of the HORRIBLE discrimination and persecution against Catholics in our past. Hilarious that the very same conservatives that will go to their grave denying that this country was ever racist against blacks – or if it were that any legal remedy is required to address it – are perfectly willing to sit around and call virtually everyone living in this country 50 years ago of allowing their interpretation of the First Amendment to be motivated (or distorted) by their animus of Roman Catholics. If nothing else shows who is actually running this country now, that does. 

Since the American piece has fallen into place (even if all of the details have yet to play out, but trust me they will in very short order to the point where this nation will be unrecognizable within 10 years, and no I am not talking about demographics), what – apart from getting even more involved in the third world, which by the way George W. Bush was a huge trailblazer on – is next? My conjecture: Israel is next. 

Now please view Independent Conservative’s antichrist One Has Landed. Pope Benedict XVI in America. Why This Event is Nothing to Cheer About! for a more theological treatment of the implications of the Pope visiting America and being so vigorously received. It includes the following:

• The Apostate Book, The Jewish People and their Sacred Scriptures in the Christian Bible, Section 2-A-5.
• The Apostate Book, The Jewish People and their Sacred Scriptures in the Christian Bible, Section 2-A-7.
• Book of Heresy and Apostasy, God and the World: Believing and Living in Our Time By Joseph Ratzinger, Benedict XVI, Benedict, Peter Seewald and Henry Taylor – page 209
• Book of Heresy and Apostasy, Milestones: Memoirs, 1927-1977 By Benedict, Benedict XVI, Joseph Ratzinger – page 53
• Book of Heresy and Apostasy, God and the World: Believing and Living in Our Time By Joseph Ratzinger, Benedict XVI, Benedict, Peter Seewald, Henry Taylor – page 151
• Pope Benedict’s August 19, 2005 participation in services at a German Jewish Synagogue, where Jesus was not promoted as the Christ.
• Roman Catholicism Versus The Bible. As Always, Bible Wins! (*Updated*)
• The Lord Jesus Christ is the ONLY Means to Salvation!

 

Losses from credit crunch could top 945 BILLION DOLLARS Say International Monetary Fund

Please note comments below which state that this same problem is happening globally.

CORRECT: Losses from credit crunch could top $945 bln: IMF – MarketWatch

WASHINGTON (MarketWatch) — The total potential losses globally from the credit crunch could top $945 billion, the International Monetary Fund estimated on Tuesday. Losses tied to the housing market could top $565 billion, with the remainders coming from credit cards, commercial real estate and corporations, the IMF said. The current market turmoil reflects weak balance sheets and a general lack of capital. As a result, the effects are likely to be “broader, deeper, and more protracted.” The U.S. remains “the epicenter” of the crisis, but financial institutions in other countries have been impacted. Some emerging markets remain vulnerable, although so far most have been resilient, the IMF said, in a new report on global financial stability. (Corrected to show losses will be borne globally, not just in U.S.)

– View Comments on this story

On Barack Obama’s Universalism, John Edward, Homosexuality, McDonald’s And Fitna

*By Pastor Bill Keller

www.liveprayer.com/signup.cfm

McDonalds, John Edward, Obama, and FITNA. Today is an interesting day since
there are several different news items that I want to share with you. Each
is important since they all represent critical issues I have been dealing
with for years in the Daily Devotional. They are the mainstream acceptance
of homosexuality, those who claim to talk to the dead and people who claim
to be psychics, the lie that many think there are many roads which lead to
God, and the false religion of Islam. These news items simply reinforce
that these issues are not going away and how important it is to have a voice
in the marketplace to tell the Truth about each one.

It was recently announced that McDonalds Vice President of Communications,
Richard Ellis, has been named to the Board of the National Gay and Lesbian
Chamber of Commerce. McDonalds is listed on the website of the National Gay
and Lesbian Chamber of Commerce as a “corporate partner and organization
ally” for an undisclosed financial contribution. Ellis state, “I’m thrilled
to join the National Gay & Lesbian Chamber of Commerce team and ready to get
to work. I share the NGLCC’s passion for business growth and development
within the LGBT community and I look forward to playing a role in moving
these important initiatives forward.”

Last week, I shared a Devotional with you that made the claim we have lost
the war to stop the sin of homosexuality from becoming accepted by the
mainstream. You don’t get any more mainstream than McDonalds, and it is
clear that the hamburger giant is more worried about having a relationship
with those who choose to engage in deviant forms of sex than with people of
faith. This stamp of approval by one of the world’s most visible
corporations, is another clear example of the fact that homosexuality is now
viewed by society as an acceptable choice. Like I have told you many times,
nobody fears the Christian community any longer since we are so fragmented
and have no unifying voice.

Our buddy John Edward is back. He is like Jason in those horror movies.
Edward has resurfaced in the strangest of places, the Home Shopping Network.
I have warned people for years about this charlatan who claims to be able to
talk to the dead. John Edward is at best a highly polished carnival act,
and at worst, operating in demonic powers. He is now on HSN, hawking 10
DVDs of his lies for $90. How sad it is to see people who are searching for
answers, looking for true hope, fall into the clutches of this con man who
leads them away from the real Truth, the Bible, and the real answer, Jesus.

My friend, the Bible condemns those who claim to be psychics, since only God
knows the future. The Bible tells us to not turn to mediums or seek out
spiritualists, or you will be defiled by them. We know that satan is an
“angel of light” and can do many deceptive things. However, the Word of God
tells us the dead no longer have any part of this life. John Edward and
those like him are NOT of God, they are enemies of God and tools of satan.
They are spiritual frauds who God speaks harshly against in the Bible. As a
matter of fact, in the OT people like Edward were commanded to be put to
death. This is how dangerous they are to others in the eyes of God.

Our friend, Senator B. Hussein Obama (for the record, it is his name, I
didn’t give it to him, his parents did), certainly didn’t even learn in 20
years of sitting in the pews at Trinity United Church of Christ what most
elementary school Sunday School students are taught. In a campaign stop
recently in Greensboro, North Carolina, Senator Obama told the audience that
he believes he “can have everlasting life” because Jesus Christ died for his
sins. But he then told a questioner that he believes Jews and Muslims who
live moral lives are just as much “children of God” as he is. He went on to
add that his late mother didn’t share his faith but was a kind and generous
person, so he’s “sure she’s in heaven.”

Sen. Obama has sadly bought into this universalistic lie from hell I warn
you about often, the dangerous lie the New Age gurus and the high priestess
of the New Age movement Oprah is telling millions, and that there are many
roads that lead to God, that faith in Jesus is NOT the only way to be saved.
I hate to break this to the Senator, but if his mother died without
accepting Jesus into her heart and life by faith, then like all who reject
Christ she is NOT in Heaven, but in the flames of hell for all eternity.
This is not a game! I try to tell people all the time that what we do each
day is literally battle satan for the souls of men. Satan wants people to
believe this lie that you can get to Heaven without Jesus, but he knows it
is a lie and that those who buy that lie will be with him in hell for all
eternity.

This is so critical since now this lie is being preached from many pulpits.
You have Christian churches now who endorse this notion that God will
understand and as long as you are a “good person” and do your best, you will
make it to Heaven. The Bible proclaims that there is NONE that is good, no
not one. It says that we have ALL sinned and fallen short of the glory of
God. God has given us His plan, His ONLY PLAN for salvation, and that is by
putting our faith in Jesus Christ, since it was Jesus who died as the
payment for our sins. There are not many roads that lead to God, only one,
faith in Jesus Christ. There is no other name by which men are saved!

Lastly is FITNA, the movie about Islam produced by Dutch politician Geert
Wilders. I have done dozens of press interviews the past few days after the
UK video hosting company LiveLeak chose to pull the movie from their servers
due to the death threats their employees were getting. Liveprayer had a
copy and I had it on my website, on my servers, the only website in the
world that had the movie in its entirety. The press all wanted to know why
I would put such a movie on a Christian website, a movie that many claim is
anti-Muslim.

What Wilders did was excellent, in that he took the very words Muslims
follow in their teachings, and showed them following those words as they
carried out their acts of hatred and killing. These are not a few isolated
acts of terror, but how Muslims worldwide operate. It is visual proof of
what this false religion of hate and death is really all about, and that is
why they are doing everything they can to hide it from the world. It has
only been in the past few years with the advent of 24/7 cable news, advanced
satellite technology, and the Internet, that people around the world,
especially here in the United States, are being exposed to how this false
religion has operated during its 1400 year history.

Let me give you a great contrast between the false religion of Islam and the
Christian faith. People are born into or intimidated into joining the false
religion of Islam. People CHOOSE to become a follower of Christ. Islam is
about hate and death. Christianity is about love and life. People need to
wake up and understand the nature of this very real threat to not just the
Untied States, but to the entire world.

I love you and care about you so much. Today is a great reminder of a
number of issues I have been talking to you about for many years now. As
you can see, they are still pressing issues since the church has chosen to
ignore them and continues to focus mainly on preaching to the choir in the
comfort, safety, and profitability of the “Christian trough,” while the
world around us is dying and going to hell. Homosexuality is now mainstream
because the church didn’t have the guts to speak out against this sin.
Sadly, you now have many churches who instead of speaking the Truth about
this sin, have simply accepted and condoned homosexuality to be like the
rest of our fallen world.

Hurting people continue to turn to scam artists and false hope merchants
like John Edward in their time of need, because he at least acts like he
cares about them and is part of their world. High profile Christians like
B. Hussein Obama propagate the lie from hell that you don’t really need to
accept Jesus as your Savior by faith to make it to Heaven. People are
asleep or totally apathetic about the real threat Islam is to this nation
and world, and have been bullied into believing that there are simply a
handful of Muslims who perpetrate all of these violent acts of terror around
the world. The fact is, all Muslims read from the same holy book and follow
the teachings of their murdering pedophile false prophet Muhammad.

I pray today that you are stirred to take your stand in this lost world for
Christ. God has called each of His children to do their part where He has
you planted for this season. Staying silent is no longer an option, since
that is how this nation has turned from Biblical Truth to the lies of the
world and from honoring the God of the Bible to rejecting Him for the false
gods and idols of the world. May the Lord give you a spirit of boldness and
fearlessness as you declare His Truth to the lost and hurting, and tell
everyone you know that their only hope for this life and all eternity is
faith in Jesus Christ!

In His love and service,
Your friend and brother in Christ,
Bill Keller bkeller@liveprayer.com

***ARE YOU 100% CERTAIN WHERE YOU WILL SPEND ETERNITY? The fact is you will die one day. At that moment, you will either spend eternity with the Lord or be cast into everlasting darkness forever separated from God your creator. To know for certain you will be forever with Jesus, go to: http://www.liveprayer.com/bdy_salvatn.cfm

***I am excited to let you know that the Liveprayer Daily Devotional is now
available via AUDIO each day. Simply go to http://www.liveprayer.com/Audio.cfm
Also, you can now listen to the Daily Devotional by phone by calling 1-727-342-5673

(C) Copyright 2008, Bill Keller Ministries. All rights reserved.

Estimated Cost To Convert This Nation To Solar Power: FOUR TRILLION DOLLARS!

This article (click here) asserts that Portugal spent $400 million to provide solar electricity to 30,000 homes.

Now working from the 2000 census, America has 435 Congressional districts with a population of 650,000 each. 650,000 is about 22 times 30,000. So, multiply 22 times 435 times 400, and you get 3,828,000 multiples of $1 million for how much money it would take to convert this nation to solar power with existing technology. $1 million dollars 3,828,000 times equates to $3, 828,000,000,000! That’s right, FOUR TRILLION DOLLARS!

And please keep in mind: I am not a fossil fuel guy. God miraculously healed me of asthma a couple of years ago, but not before I suffered through quite a few “high smog days!” And as someone who spend a few summers near a Department of Energy site where huge drums of nuclear waste from the Manhattan Project are still buried, I cannot muster the zeal that many have for nuclear power. Or let me say this: I will support nuclear power the day that the people who advocate for it will volunteer for the “byproducts” created by nuclear power to be buried in their own backyards. Or better yet, the day that the nuclear waste is buried on the lands of the palatial estates owned by the CEOs of energy companies! So residents of Yucca Mountain, Nevada and thereabouts? I see your point!

So, this is coming to you from a person that is a huge advocate of alternative energy in general and solar power specifically. If we are going to gain energy independence, it is going to cost a lot of money and require a lot of leadership and sacrifices. And no, supply side Reagan economic conservatives, “the free market” isn’t going to magically rise up and meet this need. Why? Because if energy companies are making record profits off oil, why should they? So it is better for the right and the left to pretend that the problem does not exist. The right pretends that if there was a REAL NEED for alternative fuels, the energy companies would rise up and meet it out of their sense of love and benevolence for their fellow man, responsibility to the working and middle classes, and patriotism for this country. And the left? They would much rather take the $4 trillion and spend it to provide health care benefits for the illegal immigrant children adopted by married homosexual couples.

Then there is the fact that the brilliant and courageous scientists, engineers, economists, and political and business leaders that should be working on solving this energy crisis as we speak were murdered by abortion! How big is the abortion death toll now, 50 million people since Roe v. Wade was handed down? Even though I oppose the Iraq War, that 50 million puts the 4,000 servicemen killed in Iraq (plus the large number of civilian contractors and let us not forget about the Iraqi civilians!) into context, doesn’t it? And we are not even going to talk about how much closer the tax revenue generated by the 50 million lost workers would have put us to that 4 trillion dollars.

People, in a world filled with tough choices and no easy answers, small wonder why even the religious leaders – let alone the political and business ones – would rather talk about something else. If you are a so – called Christian leader that is not born again through Jesus Christ and as a result lack the comforting and emboldening influence of the Holy Spirit, you are going to run from tough issues and the very notion of sacrifice like the plague. Hmmm … does that remind you of a certain president of the United States who during his presidential campaign claimed Jesus Christ as his favorite political philosopher, but now claims that all religions worship the same God?

From Moshe Laurie: Another Reason To Boycott Citgo!

From Messianic Christian Moshe Laurie:

Dear Brothers and Sisters, Members of God’s Army,

We have just returned from Israel. We were blessed by the might and power moving all across the Land in our prayer. I will be sending out another “Desk …” very soon with all these great wonders included in it.

But, right now there is something that we need to cover in prayer and God’s blessing in His Name. We need to lift up our brother Larry so that he may over come in God’s Name this evil, exalting God’s Name in the process.

If you remember, this is about Brother Larry, from Tennessee, who was receiving these strong hints from his product distributor (Citgo), that he needs to take down part of his signs that are on his own private property, one of them, saying amongst other things, “Islam is the evil of this day.” He now has received official notice from the legal department of Citgo saying that he has five business days to remove the sign or they reserve the right to stop providing him with product to sell, which is a really bad thing because they also provide him with the credit card systems so they have a great weapon against him. They say that it is not to impede upon his freedom of speech – he can leave the rest of the signs up there, but they have a right under contract to protect their brand. It seems that speaking against Islam affects their brand, even when you are telling the truth.

Now the most important thing we need to understand here is that only one person has complained – a raging Muslim truck driver who, I’m sure, went to CAIR (Council on American-Islamic Relations) to complain against Citgo and they folded.

Well, ladies and gentlemen, members of God’s army, it is time for us to show Citgo what it is to affect their brand name. I call upon you, on behalf of Larry, to let them know how displeased you are at them folding to the pressures of a minority group because it is not truthful that the band name is being affected. The threat of the brand being affected is being used all across the land because Larry tells me very specifically, that the vast majority are pleased with the signs. A few were ambivalent or didn’t care one way or the other but only this one gentleman, who took pictures to send to Citgo, was offended by the signs.

I again call upon you to let Citgo know how displeased you are that they use the weapon of their contract right to not allow him his freedom of speech, which they claim affects the band name. Let us affect their brand name.

And also, let us not forget that Hugo Chavez is the owner in defacto of Citgo with all its profits going back to his country. He has just been discovered to have been providing financing for Columbia’s largest guerrilla group and terrorist organization called FARC – Fuerzas Armadas Revolucionarias de Columbia (Revolutionary Armed Forces of Columbia), which wants to overthrow the legitimate Columbian government. When Columbia’s anti-terrorist unit killed FARC’s leader across the border, not Chavez’s border, FARC moved ten divisions of military toward the Columbian border and just about declared open war. The President of Columbia has asked the International Criminal Court to, if possible, try Chavez for crimes against humanity because he has been financing FARC as they have been killing thousands and thousands of people. The United States and Europe have classified FARC as an international terrorist organization in 2002. The documents that have been found, after the killing of FARC’s leader, concerning Chavez are true.

By the way, the document from Citgo to Larry from Tennessee is also true. Larry will be sending a copy to Shofar Be Tzion Ministries International office in Marion as well as the Regional office in Connecticut.

Please send this all across the world. Let us let Citgo know that if they are concerned for their brand name being affected, let us show them what the affect is when they won’t allow the truth to go forth.

Bless you and may the Lord continue to give you strength to stand in His Army for this is the day that the Lord has made and we shall rejoice and be glad in it.

Let God’s will be done in our lives.

In service to the King,

Rabbi Moshe Laurie Moshe3@aol.com

Update:

Greetings in the Lord,

Here is the Citgo contact information from brother Larry in Crossville, Tennessee:

Citgo Petroleum Corporation,

P. O. Box 4689

Houston, TX 77210-4689

Phone: 1 832 486 4932

Fax: 1 832 486 1817

Larry said there was no physical address on the letterhead.

Big Oil Ties Between George Bush Family And Sun Myung Moon Discovered Religious Right Christians!

Rev. Moon-allied group hosts Bush brother in Paraguay – CNN.com

ASUNCION, Paraguay (AP) — Neil Bush, younger brother of President Bush, called on Paraguay’s president as the guest of a business federation founded by the Rev. Sun Myung Moon. A presidential press office source, who spoke on condition of not being named, confirmed the younger Bush met President Nicanor Duarte on Thursday along with a delegation from the Universal Peace Federation, a group associated with Moon.

Duarte had no statement on the meeting. Antonio Betancourt, a spokesman for the federation, said that Bush visited Duarte and later met with an opposition congressional leader, Sen. Miguel Abdon Saguier, and that both expressed interest in the Bush family and discussed local matters. Betancourt said Bush later attended a leadership seminar sponsored by the federation. The federation’s Web site says it is trying to promote peace in the Middle East, South Asia and other regions, as well as proposing a 50
mile (85-kilometer), $200 billion tunnel linking Siberia and Alaska.

A leading Paraguayan newspaper, ABC Color, reported Friday that Bush spoke at the leadership seminar about instilling a “culture of service” and better uniting individuals and organizations behind objectives that serve peace and the common good. It said the seminar, held at an Asuncion hotel, was entitled “Toward a New Paradigm of Leadership and Government in Times of World Crisis.” The newspaper said other participants included Jose Maria Sanguinetti, the former Uruguayan president. Groups allied with Moon publish a newspaper, operate businesses and have large land holdings in Paraguay, South America’s second-poorest country. Copyright 2008 The Associated Press. All rights reserved.

OK, so how many of these religious right leaders know about the financial ties between the Bush family and Moon and aren’t saying anything? Probably about the same number that themselves have ties to Moon! People, Jesus Christ is coming back soon, because this anti – Christ system of politics and economics based on all of these strange “universal peace” religious cults is steadily on the march! Are you studying, researching, watching and praying so that you will not be deceived? If not, then what is your excuse? Or maybe your problem is that you are not born again, not a believer in Jesus Christ. If that is your issue then fix it right now: follow The Three Step Salvation Plan!

The Potential American Financial Catastrophe: Another Great Depression?

Original link. “I would tell audiences that we were facing not a bubble but a froth – lots of small, local bubbles that never grew to a scale that could threaten the health of the overall economy.” Alan Greenspan, The Age of Turbulence.

That used to be Mr Greenspan’s view of the US housing bubble. He was wrong, alas. So how bad might this downturn get? To answer this question we should ask a true bear. My favourite one is Nouriel Roubini of New York University’s Stern School of Business, founder of RGE monitor.

Recently, Professor Roubini’s scenarios have been dire enough to make the flesh creep. But his thinking deserves to be taken seriously. He first predicted a US recession in July 2006*. At that time, his view was extremely controversial. It is so no longer. Now he states that there is “a rising probability of a ‘catastrophic’ financial and economic outcome”**. The characteristics of this scenario are, he argues: “A vicious circle where a deep recession makes the financial losses more severe and where, in turn, large and growing financial losses and a financial meltdown make the recession even more severe.”

Prof Roubini is even fonder of lists than I am. Here are his 12 – yes, 12 – steps to financial disaster.

Step one is the worst housing recession in US history. House prices will, he says, fall by 20 to 30 per cent from their peak, which would wipe out between $4,000bn and $6,000bn in household wealth. Ten million households will end up with negative equity and so with a huge incentive to put the house keys in the post and depart for greener fields. Many more home-builders will be bankrupted.

Step two would be further losses, beyond the $250bn-$300bn now estimated, for subprime mortgages. About 60 per cent of all mortgage origination between 2005 and 2007 had “reckless or toxic features”, argues Prof Roubini. Goldman Sachs estimates mortgage losses at $400bn. But if home prices fell by more than 20 per cent, losses would be bigger. That would further impair the banks’ ability to offer credit.

Step three would be big losses on unsecured consumer debt: credit cards, auto loans, student loans and so forth. The “credit crunch” would then spread from mortgages to a wide range of consumer credit.

Step four would be the downgrading of the monoline insurers, which do not deserve the AAA rating on which their business depends. A further $150bn writedown of asset-backed securities would then ensue.

Step five would be the meltdown of the commercial property market, while step six would be bankruptcy of a large regional or national bank.

Step seven would be big losses on reckless leveraged buy-outs. Hundreds of billions of dollars of such loans are now stuck on the balance sheets of financial institutions.

Step eight would be a wave of corporate defaults. On average, US companies are in decent shape, but a “fat tail” of companies has low profitability and heavy debt. Such defaults would spread losses in “credit default swaps“, which insure such debt. The losses could be $250bn. Some insurers might go bankrupt.

Step nine would be a meltdown in the “shadow financial system”. Dealing with the distress of hedge funds, special investment vehicles and so forth will be made more difficult by the fact that they have no direct access to lending from central banks.

Step 10 would be a further collapse in stock prices. Failures of hedge funds, margin calls and shorting could lead to cascading falls in prices.

Step 11 would be a drying-up of liquidity in a range of financial markets, including interbank and money markets. Behind this would be a jump in concerns about solvency.

Step 12 would be “a vicious circle of losses, capital reduction, credit contraction, forced liquidation and fire sales of assets at below fundamental prices”.

These, then, are 12 steps to meltdown. In all, argues Prof Roubini: “Total losses in the financial system will add up to more than $1,000bn and the economic recession will become deeper more protracted and severe.” This, he suggests, is the “nightmare scenario” keeping Ben Bernanke and colleagues at the US Federal Reserve awake. It explains why, having failed to appreciate the dangers for so long, the Fed has lowered rates by 200 basis points this year. This is insurance against a financial meltdown.

Is this kind of scenario at least plausible? It is. Furthermore, we can be confident that it would, if it came to pass, end all stories about “decoupling”. If it lasts six quarters, as Prof Roubini warns, offsetting policy action in the rest of the world would be too little, too late.

Can the Fed head this danger off? In a subsequent piece, Prof Roubini gives eight reasons why it cannot***. (He really loves lists!) These are, in brief: US monetary easing is constrained by risks to the dollar and inflation; aggressive easing deals only with illiquidity, not insolvency; the monoline insurers will lose their credit ratings, with dire consequences; overall losses will be too large for sovereign wealth funds to deal with; public intervention is too small to stabilise housing losses; the Fed cannot address the problems of the shadow financial system; regulators cannot find a good middle way between transparency over losses and regulatory forbearance, both of which are needed; and, finally, the transactions-oriented financial system is itself in deep crisis.

The risks are indeed high and the ability of the authorities to deal with them more limited than most people hope. This is not to suggest that there are no ways out. Unfortunately, they are poisonous ones. In the last resort, governments resolve financial crises. This is an iron law. Rescues can occur via overt government assumption of bad debt, inflation, or both. Japan chose the first, much to the distaste of its ministry of finance. But Japan is a creditor country whose savers have complete confidence in the solvency of their government. The US, however, is a debtor. It must keep the trust of foreigners. Should it fail to do so, the inflationary solution becomes probable. This is quite enough to explain why gold costs $920 an ounce.

The connection between the bursting of the housing bubble and the fragility of the financial system has created huge dangers, for the US and the rest of the world. The US public sector is now coming to the rescue, led by the Fed. In the end, they will succeed. But the journey is likely to be wretchedly uncomfortable.

*A Coming Recession in the US Economy? July 17 2006, www.rgemonitor.com; **The Rising Risk of a Systemic Financial Meltdown, February 5 2008; ***Can the Fed and Policy Makers Avoid a Systemic Financial Meltdown? Most Likely Not, February 8 2008

New World Order Financial Conspiracy Theories

Warning: both are extremely long! (And have somewhat contradictory inconsistent information at times )

The Money Masters – How International Bankers Gained Control of America “The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private … hands able to dominate the political system of each country and the economy of the world as a whole…Their secret is that they have annexed from governments, monarchies, and republics the power to create the world’s money…”

THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned “central” bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers.
Video news on “Federal Reserve”: http://newstree.org/search.jsp?query=Federal+Reserve&hp=10&s=Video&vx=1

David Rivera: Final Warning – A History of the New World Order

In 1910, a group of international bankers secretly met on a small island off the coast of Georgia. Their plan: to formulate a program to …  destroy the financial structure of America. To do that, they pushed Woodrow Wilson into the presidency; and in 1913, Wilson signed into law, the Federal Reserve Act and the Federal Income Tax. In 1921, these international bankers established the Council on Foreign Relations (CFR). The U.S. Government took advantage of the CFR’s experience in finance and foreign affairs, and one of their study groups, the Advisory Committee on Post-War Foreign Policy, became part of the State Department in 1941. The secret goal of this study group was to condition the Congress, and the people of this country to accept the establishment of the United Nations (UN). The UN, initiated in 1945, does not seek to promote world peace and cooperation- it was the first step towards a one-world government, which is now referred to as the New World Order.

A Brief List Of Reasons Why Christians Should Not Support Barack HUSSEIN Obama

Courtesy of Independent Conservative.

We Don’t Have to Wonder What Barack Hussein Obama Would Do as President.

Barack Hussein Obama and the Art of Looking Good! And Let’s Look at Hillary Clinton’s Donors.

How Barack Hussein Obama Plans to Spread Pro-Homosexual Heresy to Black Churches and Related Items to Beware of.

Barack Hussein Obama and the False Apostles Ron and Hope Carpenter. Political Kingdom Building.

Al Sharpton Again Fronts Like He is Against Trash Hip Hop and Democratic Presidential Candidates Line up to Join Him.

Barack Hussein Obama’s Black Supremacist Idolater Pastor, Rev. Dr. Jeremiah A. Wright Jr.

Stumbling Out of the Gate. Barack Hussein Obama Says Troops Lives Were “Wasted” in Iraq.

Barack Hussein Obama, Claims Christianity, but Prefers a Secular Political Party.

Barack Hussein Obama versus Jesus Christ

Barack Hussein Obama Pays Homage to Jesse Jackson’s Anti-Semitic 1984 Presidential Campaign.

The Source of Problems That Plague America Today.

Barack Hussein Obama Jr. and the Shady Land Deal (*UPDATED*)

More on Barack Hussein Obama Jr. and the Shady Land Deal. Plus Other Ties to Tony Rezko and More.

More on the Fraud Named Obama

Barack Hussein Obama and Anti-Semitism

Barack Hussein Obama, a Muslim Trained Advocate of Child Murder, Gay Adoption, Porn and Thugs!

Over Hyped Barack Obama. Another Liberal Posing Pseudo-Conservative.