Jesus Christ Is Lord

That every knee should bow and every tongue should confess that Jesus Christ is Lord to the glory of God the Father!

Posts Tagged ‘economic collapse’

The True Source Of The Economic Collapse: It Wasn’t Poor Minorities Trying To Buy Homes!

Posted by Job on March 25, 2009

Now during the sham presidential election, alleged conservatives and Republicans came up with this scenario where the Democrats were actually to blame for the economic collapse because of affirmative action rules passed by the Carter administration, strengthened by the Clinton administration, and pushed by the Barack HUSSEIN Obama affiliated group ACORN and several Democrats on Congressional banking committees to pressure banks into approving mortgage loans for people who could not pay for them. Now this scenario was never plausible, because A) if that was the reason the economic collapse would have happened long ago and moreover B) economists have shown that mortgages to high risk groups are only a tiny part of the banking collapse. The main thing to remember, however, is that it was just another partisan device to distract people from the fact that both parties are working for the anti-Christ team leading us towards an essentially global economy and government. And besides, the Bush administration made increasing home ownership in minority and poor communities a major part of its domestic agenda (I should know, as I was a huge Bush Republican at the time!), the whole “ownership society” thing. 

Well, as it so happens, I was listening to conservative talk radio while driving home from visiting relatives last week (the reception was horrible on the station that features generally doctrinally sound preachers, rendering it unlistenable) and for whatever reason, this fellow chose to let the truth out. It turns out that in December 2000, as one of the last major pieces of legislation passed by the Clinton administration (and also while the nation was distracted by the Florida recount fiasco and its aftermath) a major regulatory change, the Commodity Futures Modernization Act of 2000, was passed, greatly expanding the items that could be traded (bought and sold) as commodities futures. Two of them included energy and DEBT. Yes, banks and other entities were able to trade debt obligations as commodities futures just like corn, wheat, pork, and gold.

Now energy futures caused the Enron collapse, and that is what this post speaks of. However, this talk show host was speaking of how trading in DEBT futures, allowed by this bill, is what really caused the financial crisis. Of course, his agenda was not correcting the misinformation on the financial crisis being caused by the Community Reinvestment Act. Instead, his point was that this Commodity Futures Modernization Act was something attached to a huge omnibus bill that no one debated or even read, and that there were likely similar devastating measures in the HUSSEIN Obama stimulus bill and spending bill recently passed. And I agree. But while that was his point, it was not my point.

My points are that A) the utterly contrived recount fiasco contributed to this bill being passed without anyone knowing about it. B) This measure was not amended or repealed even after the Enron fiasco showed how damaging it could be to our economy. Both parties were in on this. C) The political discourse of both parties, whether the “conservatives” that were blaming ACORN and the Community Reinvestment Act or the “liberals” blaming corporate greed and irresponsiblity, was designed to divert attention away from the real cause. 

If both sides are trying to deflect attention from this matter and neither are doing anything to fix it, what does that mean? My proposal is that they are both in this together. After all, would the radical changes to our economy and government that have already been made, let alone those proposed for the future, been possible had it not been for this collapse? And no, don’t fall for the trap of blaming it all on the socialist/Marxist/whatever Obama, because the first piece of the massive overhaul was the $700 billion banking bailout championed by Republicans and signed by Bush. By the same token, don’t fall for the trap of blaming Bush and Republican economic policies, including even the war in Iraq that I myself oppose, as again, this law was enacted by the Clinton administration. Instead, realize that both parties are in this together working towards the same goal.

And what goal would that be? Integrated global markets and economies, and of course once the economies are integrated, political integration will either logically follow, or in truth not even be necessary: what does it matter what governments do if the corporations are running the world anyway? Please see Revelation 14 and Revelation 18 for the statements about Babylon, which I believe refers to a global economic system, falling. For instance, see Revelation 18:3, which reads, “For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.” Also please take note of Revelation 17:6 and Revelation 18:24. “And I saw the woman drunken with the blood of the saints, and with the blood of the martyrs of Jesus: and when I saw her, I wondered with great admiration” and “And in her was found the blood of prophets, and of saints, and of all that were slain upon the earth.”

So, this economic system will declare all out war on the church and kill a great many of its members. The mark of the beast system perhaps? Of course, premillennial dispensationalists believe that the rapture will precede the fulfillments of Revelation 14-18. And amillennialists do not believe that this verse will be fulfilled literally in any sense. Being in the chiliast camp myself (that being one who believes in a millennium but not the rapture) I say that these continuing economic developments are reasons for all those born again in Jesus Christ who love Him by keeping His commandments to watch the world events, to study the scriptures, and to pray without ceasing.

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Global financial crisis: does the world need a new banking ‘policeman’?

Posted by Job on October 8, 2008

Global financial crisis: does the world need a new banking ‘policeman’?

By Gordon Rayner, Chief Reporter Last Updated: 1:36AM BST 08 Oct 2008

With war raging across the globe in July 1944, ministers from all 44 Allied nations met at the imposing Mount Washington Hotel in Bretton Woods, New Hampshire, to thrash out a set of rules that would govern world finance once Hitler was defeated.

Knowing that greater international trade would help to prevent future wars, and determined to avoid another Great Depression, the delegates signed the Bretton Woods Agreements, creating the International Monetary Fund and the World Bank. It was a big vision, driven by grand historical figures: Winston Churchill, Franklin D Roosevelt and the British economist John Maynard Keynes.

But a system that was designed 64 years ago has, not surprisingly, proved ill equipped to deal with the fiendishly complex practices of 21st-century banking that led to the current worldwide crisis.

Neither the IMF, the World Bank nor any other institution has the power to police the global financial system in a way that might have prevented the excessive risk-taking which led to the sub-prime mortgage crisis and, in turn, the credit crunch.

A more recent creation, the G8 group of industrialised nations, looks hopelessly out of date without the emerging economic giants of Brazil, India and China among its ranks. And the “beggar-thy-neighbour” policies of guaranteeing savings that have sprung up in Germany, Greece and Ireland in recent days have shown that even in Europe, co-ordinated economic policy is a myth.

“The current system is in crisis and we have an environment where dog eats dog,” said Bob McKee, of the economic consultancy Independent Strategy. “Electorates will expect more regulation, and politicians will push for it.”

The new Business Secretary, Peter Mandelson, argued last week that new global solutions are needed because “the machinery of global economic governance barely exists”, adding: “It is time for a Bretton Woods for this century.”

Gordon Brown argued as long ago as January 2007 that global regulation was “urgently in need of modernisation and reform”.

So, as the world’s central bankers gather this week in Washington DC for an IMF-World Bank conference to discuss the crisis, the big question they face is whether it is time to establish a global economic “policeman” to ensure the crash of 2008 can never be repeated.

Top of the to-do list for any new or reformed body would be new rules to manage the level of risk that banks and financial institutions are allowed to take on.

Major economies already have regulatory bodies designed to keep financial institutions in check, such as the Financial Services Authority (FSA) in the UK and the Securities and Exchange Commission (SEC) in the US. But even if these bodies had done their job properly, opinions differ wildly between different countries over what constitutes an acceptable risk.

Take, for example, the Basle II Accord, a voluntary international agreement which might have seemed a crushing bore when it was published in 2004, but which just might have prevented the credit crunch if the world’s major economies had realised it was actually a good idea.

In essence, Basle II, concocted by the Basle Committee on Banking Supervision, set up by 10 leading economic nations, was designed to make sure banks did not overstretch themselves by lending too much money in relation to the amount of capital they held.

If it had been implemented the moment it was written, Basle II might have prevented the collapse of Northern Rock – which had lent seven times the amount of money it held on deposit – and saved the likes of Lehman Brothers in America. Instead, motivated by national self-interest, not to mention greed, the world’s major economies dithered, so that few, if any, had implemented the agreement by the start of 2008, with 95 countries only able to promise they would adhere to it by 2015.

We can only speculate whether a global policeman would have intervened in another seismic shift in economic policy: the abolition by the US president, Bill Clinton, in 1999 of the Glass-Steagall Act, which had, since 1933, separated retail banks from investment banks.

The Act had been passed during the Great Depression to prevent banks from speculating with depositors’ money, and its repeal by Mr Clinton has been blamed by some commentators for contributing to the current financial crisis, which would have been limited to investment banks if Glass-Steagall had remained in place.

Too late, then, to remedy the missed opportunity of Basle II or to reinstate Glass-Steagall. But a new global regulatory arrangement might come just in time to address another issue troubling the world’s financial watchdogs: mark-to-market accounting, about which we are likely to be hearing a great deal in coming weeks.

Mark to market is a system in which banks must declare the value of assets such as securities on a daily basis, forcing them to be transparent about their balance sheets. The assets must be valued in line with what they would fetch on the open market that day, and if their value has dropped, the banks must raise capital to make up the shortfall, even if they have no intention of selling the assets for another five or 10 years.

Many banks have argued that this is unfair, as those same assets will recover their value in the long term, and marking them down has, they claim, contributed to the current crisis of confidence.

Simon Ward, an economist at New Star Asset Management, said: “This kind of accounting is causing investors to see ghosts in banks’ balance sheets which just don’t exist. If we had suspended mark-to-market accounting a year ago, the current crisis may have been avoided.”

Why has this become such a hot topic in recent days? Because banks in America have exerted such pressure on the SEC that rules on mark-to-market accounting may soon be relaxed, giving American companies an advantage over those in the UK, where the FSA has no intention of following suit.

As chaos reigns in the financial markets, the issue of regulatory reform is never far from the headlines. So what might a new architecture of global economic regulation look like?

In essence, any organisation with the power to police the global economy would have to include representatives of every major country – a United Nations of economic regulation. Robert Zoellick, president of the World Bank, identified the weakness of the current system this week when he said international organisations that excluded countries such as China, India, Brazil, Saudi Arabia, South Africa and Russia were outdated.

Gerard Lyons, a member of the International Council of the Bretton Woods Committee, a steering group for the IMF and World Bank, said: “We need to look at the current crisis and decide what banks have been doing well and what went wrong.

‘The point we’re at now is like the scene in Apollo 13 when one of the mission controllers says they’re facing the worst disaster in Nasa’s history, and his boss points out that it will turn out to be Nasa’s finest hour if they get it right.

“We have an opportunity now to make changes in global banking that make sure we keep all the good bits and eradicate the bad. For example, there is nothing wrong with young people borrowing money against their expected future income if they have genuinely good prospects, but we need to prevent the sort of irresponsible lending to people with poor credit ratings that led to the sub-prime mortgage crisis.

“What we mustn’t do is throw the baby out with the bathwater. The global banking system has helped increase living standards at a faster rate than at any point in history, and we are about to see the emergence of two-thirds of the world’s population into the developed world.”

Danny Gabay, a former Bank of England economist who now works for Fathom Consulting, suggested the answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS), the umbrella organisation for the committee that came up with the sensible Basle II Accord.

“The BIS has been spot on throughout this,” he said. “The problem is that it has no teeth. The IMF tends to couch its warnings about economic problems in very diplomatic language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.”

The failures of modern global capitalism have been brutally exposed in recent months. Opinion is now hardening around the case for a new global architecture to enforce rules that ensure lessons are learnt and that the actions which have brought free markets to the brink of collapse are never repeated.

It remains to be seen whether the political leaders of 2008 are up to the task. If they are, the first foundations of that new world could be laid in Washington this week.

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Germany, France deny plans for European bank fund

Posted by Job on October 6, 2008

ROME, Oct 5 (Reuters) – German and French officials denied on Sunday that they were set to endorse a common fund to bail out European banks after Italian Prime Minister Silvio Berlusconi was quoted as saying all three nations would back it.

“There’s no proposal for such a fund,” said a French official, who spoke to Reuters on condition of anonymity. Officials in Berlin and London also denied plans for a European Union-wide bailout.

“There’s no change from the statement issued on Saturday,” the French official added, referring to a joint statement the leaders of France, Germany, Italy and Britain issued after they met in Paris on Saturday — a statement that made no mention of a fund.

Berlusconi was quoted by Italian agencies as saying that his economy minister, Giulio Tremonti, would propose setting up the fund at a meeting of EU economic and finance ministers in Luxembourg on Monday and Tuesday, and that the plan was already assured the backing of Germany and France:

“Tremonti will propose to Ecofin the setting up of a common fund worth 3 percent of GDP … Yesterday (German Chancellor Angela) Merkel couldn’t accept because she didn’t have the powers, today she has said she agrees. Tomorrow France will do the same.”

But German Finance Ministry spokesman Torsten Albig said Germany remained opposed to a common fund to bail out Europe’s banks.

“This was an issue in Paris and there is no need to go over it again,” Albig said. Asked whether Germany supported the latest Italian proposal, Albig said: “No. Nothing has changed.”

Berlusconi said that he was confident that Britain would also agree, ANSA news agency reported.

But a British finance ministry official, asked about Berlusconi’s reported comments, referred to Prime Minister Gordon Brown’s statement on Friday that there was “no currency” to the suggestion of a European-wide fund. (Reporting by Gavin Jones in Rome, Brian Love in Paris, Iain Rogers in Berlin and Matt Falloon in London; Writing by Dominic Evans; Editing by Kevin Liffey)

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Europe Races to Shore Up Banks as Crisis Spreads

Posted by Job on October 6, 2008

http://online.wsj.com/article/SB122322574130505585.html

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The Bailout May Result In The Government Obtaining Church Mortgages

Posted by Job on October 6, 2008

After the Bailout, Government-Owned Churches?

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Did The Pentecostal Prosperity Doctrine And TBN Cause The Financial Crisis?

Posted by Job on October 3, 2008

Foreward: please note that the Bible DOES NOT PROMOTE reckless financial behavior, but quite the contrary promotes hard work, frugality, and conscientiousness. Contrast the ostentatious wealth of King Solomon – who left God for syncretism – with Jesus Christ, who was born in a manger and lived the life of a pauper. And as for you prosperity preacher adherents, well, you wanted to be world changers, right? To take authority and dominion? Well, it looks like you did it. Your doctrines helped cause the international banking crisis that just may set the stage for the anti – Christ to come to power. By the way, sorry for picking on Palin, because TONS of black prosperity doctrine preachers have gotten behind Obama as well. You know, it makes for the perfect conspiracy theory.

All of these Council on Foreign Relations – backed preachers get on TV – especially if they own networks like TBN – or dominate the book publishing market (Left Behind) or even get mainstream publicity (like TD Jakes on the cover of Time Magazine – which ironically published this article ) which exploit the poor with false promises of wealth. Then have the same Council on Foreign Relations – connected politicians (Bush Sr., Bush Jr., Clinton, Gingrich at minimum) change the banking laws, requiring/forcing banks to lend to these people. And when the inevitable economic collapse occurs (which by the way was just the result of terrible economic policy dating back to at least Reagan … remember how the Democrats AND Republicans exhorted you to go buy an SUV and invest your retirement accounts in Pets.com in the 1990s … and that speaks nothing of deficit spending and free trade deals with third world countries where people will gladly work for $5 a day) then use it as an excuse to practically nationalize the banking sector and promote economic globalism. If this WASN’T a conspiracy, it certainly played out like one. In any event, now you see how massively evil false doctrines are, and the prosperity doctrine is both false and evil.

Foreclosures: Did God Want You to Get That Mortgage? 

or “God caused the bank to ignore my credit score and blessed me with my first house.” 

Has the so-called Prosperity Gospel turned its followers into some of the most willing participants — and hence, victims — of the current financial crisis? That’s what a scholar of the fast-growing brand of pentecostal Christianity believes. While researching a book on black televangelism, says Jonathan Walton, a religion professor at the University of California Riverside, he realized that Prosperity’s central promise — that God would “make a way” for poor people to enjoy the better things in life — had developed an additional, toxic expression during sub-prime boom. Walton says that this encouraged congregants who got dicey mortgages to believe “God caused the bank to ignore my credit score and blessed me with my first house.” The results, he says, “were disastrous, because they pretty much turned parishioners into prey for greedy brokers.”
Others think he may be right. Says Anthea Butler, an expert in pentecostalism at the University of Rochester in New York state, “The pastor’s not gonna say ‘go down to Wachovia and get a loan’ but I have heard, ‘even if you have a poor credit rating God can still bless you — if you put some faith out there [that is, make a big donation to the church], you’ll get that house, or that car or that apartment.'” Adds J. Lee Grady, editor of the magazine Charisma, “It definitely goes on, that a preacher might say, ‘if you give this offering, God will give you a house. And if they did get the house, people did think that it was an answer to prayer, when in fact it was really bad banking policy.” If so, the situation offers a look at how an native-born faith built partially on American econoic optimism entered into a toxic symbiosis with a pathological market.

Although a type of Pentecostalism, Prosperity theology adds a distinctive layer of supernatural positive thinking. Adherents will reap rewards if they prove their faith to God by contributing heavily to their churches, remaining mentally and verbally upbeat, and concentrating on divine promises of worldly bounty supposedly strewn throughout the bible. Critics call it a thinly disguised pastor-enrichment scam. Other experts, like Walton, note that for all its faults, it can empower people who have been taught to see themselves as financially or even culturally useless to feel they are “worthy of having more and doing more and being more.” (Sure, if you forget about the Bible says that the Holy Spirit, God the Father,and Jesus Christ are supposed to comfort and reassure us. Blessed are the poor for theirs is the kingdom of heaven.) In some cases the philosophy has matured with its practitioners, encouraging good financial habits and entrepreneurship.

But Walton suggests that a decade’s worth of ever-easier credit acted like drug in Prosperity’s bloodstream. “The economic boom 90’s and financial over-extensions of the new millennium contributed to the success of the prosperity message,” he wrote recently. And not positively. “Narratives of how ‘God blessed me with my first house despite my credit’ were common. Sermons declaring ‘it’s your season to overflow’ supplanted messages of economic sobriety,” and “little attention was paid to.. the dangers of using one’s home equity as an ATM to subsidize cars, clothes and vacations.”

With the bubble burst, Walton and Butler assume that prosperity congregants have taken a disproportionate hit, and are curious as to how their churches will respond. Butler thinks that some of the flashier ministries will shrink along with their congregants’ fortunes. Says Walton, “You would think that the current economic conditions would undercut their theology.” But he predicts they will perservere, since God’s earthly largesse is just as attractive when one is behind the economic eight ball.

A recently posted testimony by a congregant at the Brownsville Assembly of God near Pensacola, Fla., seems to confirm his intuition. Brownsville is not even a classic Prosperity congregation — it relies more on the anointing of its pastors than on scriptural promises of God. But the believer’s note to his minister illustrates how magical thinking can prevail even after the mortgage blade has dropped. “Last Sunday,” it read, “You said if anyone needed a miracle to come up. So I did. I was receiving foreclosure papers, so I asked you to anoint a picture of my home and you did and your wife joined with you in prayer as I cried. I went home feeling something good was going to happen. On Friday the 5th of September I got a phone call from my mortgage company and they came up with a new payment for the next 3 months of only $200. My mortgage is usually $1020. Praise God for his Mercy & Grace.”

And pray that the credit market doesn’t tighten any further.

Some videos that speak of the error of these doctrines.

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The Bailout Passed! The United States of America Is Officially Dead

Posted by Job on October 3, 2008

Well, the United States is gone. Teddy Roosevelt got the ball rolling, and George H. W. Bush finished it off. And did you see where California needs a $7 billion bailout? Amazing. This is just further proof that we cannot put our trust in the things of this world, but can only trust in the Lord Jesus Christ. Incidentally, the flag waving religious right, what are you going to put your trust in now?

Revamped economic bailout picks up 20 votes in House

The Three Step Salvation Plan

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Should Christians Pray That Congress Stands Firm And Not Pass The Bailout?

Posted by Job on October 2, 2008

My angle of course is not whether the bailout is good or bad; I am presupposing it to be quite horrid for the country and the world. The only question, then, is whether to pray against this wickedness or not. I say yes. What is your opinion? 

Senate passes its own bank bailout package

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Congress Has Opted For A Ten Year Recession

Posted by Job on September 28, 2008

Ron Paul: Congress Has Opted For 10-Year Plus Depression

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The Government Has $700 Billion For Bailout But Not $300 Billion To Insure Washington Mutual?

Posted by Job on September 28, 2008

Now I grant you, the $700 billion is to be raised over time with terms negotiated to facilitate the speedy repayment of the money. After all, the savings and loans bailout that had to be done under the LAST president Bush (the Keating scandal that implicated our NEXT president John McCain) was paid off rather quickly. Still, the very fact that we are talking about a $700 billion bailout when this article says that the government seized the assets of Washington Mutual (apparently something that they have the right to do at any time according to their prerogative, which is, you know, interesting in a free market capitalist society THAT DOESN’T EXIST!) because they didn’t have the funds to ensure Washington Mutual’s $307 billion in case they collapse. And keep in mind: the government isn’t even responsible for the entire $307 billion, since FDIC only insures up to $150,000. This adds to IndependentConservative’s thesis that it is all just funny money. See, the money that FDIC needs to ensure is somewhat tangible and real, because people worked for, invested, and saved it. So that needs a level of government protection. But the money that the government talks about … monopoly money, a figment of the imagination, that isn’t worth the number of zeroes that it takes to type it into a computer screen. 

Or at least that is one way of looking at it. I am still interested in the possible fact that the government can seize the assets of any bank at any time for any reason that they wish to contrive and that there is apparently nothing that anyone can do about it. And this makes us different from a socialist – or fascist – government how?

WaMu becomes America’s biggest bank failure

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Post Trib African Thoughts On United States Economic Crisis

Posted by Job on September 27, 2008

From yesumulungi.com Referred by PJMiller. This is going to be a straight lift, and very long. Might want to support their ministry as well: To Freely Give and Donate

Update…Pray and Seek The Lord… Your only place of SAFETY is in Jesus Christ…KM Sept 27
What is happening brethren should not take us unaware. Many people simply see the destruction of the US through this financial Crisis, I don’t, I instead see a rise of FASCISM never seen before in the US and Global History – A Global Beast System. The failing Banks are real but also a decoy to what is being engineered here – The Rise of a One Global Financial Institution that will be both Political and Militaristic in its execution!

It is amazing to see banks merging together at such unprecedented rates…Washington Mutual Bought out by JP Morgan, UK based Barclays which owns Banks in almost all towns in Uganda, Africa (for those who wish to flee there), takes Lehman Brothers, now the talk this weekend is Citi Bank (has business in Uganda and East Africa too…) merging with Wachovia, and the chain will continue up…

I don’t think that the mergers will stop here, they will go up until the pyramid is complete with only one guy at the top – the big eye overseeing all investments. Will it happen tomorrow? I don’t think so and that is why I am not so quick to announce that the US is a dead horse like some Bible Prophecy students are implying.

When I read Bible prophecy and try to decipher what will come ahead, I DO NOT see the US collapse financially or by an economic crisis. I see instead WAR that leads to the collapse of the US… If The US is seen as Babylon the Great in Revelation 17,18, then she is brought down by war — in one hour, all her plagues come to her in one day and by surprise that the merchants of the earth who trade with her are caught unaware…

I believe that this “financial crisis” is a decoy, a detractor, a mirage in the desert… Remember the Iraq War and Weapons of Mass Destruction? Well, I believe this could very well be a decoy and the financial thugs run free with even more control over your daily life financially and 700 Billion pocket change…

However, lets pray for both Presidential Candidates and for their safety regardless of if you like Obama or McCain… The decisions that the next US President makes will affect the whole world. Why was McCain dragging his feet into the debates and unsure of himself? Is he smelling something evil in the making that it is useless for him to continue to run for president? Even in the presidential debate in Mississippi, McCain looked very unsure of himself and liked forced to debate…

Some have theorized that the US constitution could be suspended… Iran could be attacked, etc…. Usually in times of Financial crisis, war happens… Recall the Great Depression and the Second World War? Before 9/11, the financial markets went crazy? This is all speculation and just a ‘huuhm’…

I am not sensational here and will not, however, pray for the protection of the leaders of the US including the infamous GW Bush…lets not have an ugly October Surprise… Do not walk in fear and make decisions out of paranoia but Trust in The Lord and He will guide and lead you in all your ways. These are very interesting times but our Trust is in The Lord.

Update…Worrying About The Current US Economic Crisis is fruitless…KM Sept 26
As Christians we are called to be witnesses of Jesus Christ not only in good times but also in bad times, and there is no such an opportune time as this. Lots of folks are worried, fearful, and very paranoid as to what will happen next. It is not good that many “Bible Prophecy” websites are only promoting Fear while others simply ignore current events in light of the Scriptures and refuse to Watch as The Lord Commanded us…

However, The Lord has not called us to live in fear and Paranoia. The truth is that this is not even to the scale mentioned in The Book of Revelation, this is just a beginning of sorrows. Tough times lay ahead but it is time to seize this opportunity and testify for Christ by our Character in Christ and Word of Jesus Christ.

Worrying about the economy will not fix it. All human systems will certainly fail and none will stand. Your trust cannot be in money or Stock Market… Your Trust Must be in Christ Jesus. He alone can Sustain you and Provide and Protect you in these times. The Name of The Lord is a Strong Tower and the Righteous Run to it and are SAFE….

Our only place of Safety is in Jesus Christ. I would like to inform my American Audience that things are very worse in Africa and never reported on CNN or FOX… You are blessed in the US that even with the current economic crisis, you still have food on your table… Yes, like I said, the rich are going to only get richer and the poor, poorer…

However, live simple, eat less, cut back on unnecessary expenditure…you will feel free from control of the Materialism and want of it… Food won’t control you, neither, fancy life styles… Remember, you are a pilgrim in this world… However, don’t give up on hard work…be faithful at work, and work harder regardless, as to The Lord and not to please Man…(Read my Commentary of 1 and 2 Thessalonians ) Seek out the needy in America and help them freely and with humility… Above all seek The Lord, pray, read your bible and seek His will… The Grace and Peace of God be with you.
Matthew 6:25-34
(25) Therefore I say unto you, Take no thought for your life, what ye shall eat, or what ye shall drink; nor yet for your body, what ye shall put on. Is not the life more than meat, and the body than raiment?
(26) Behold the fowls of the air: for they sow not, neither do they reap, nor gather into barns; yet your heavenly Father feedeth them. Are ye not much better than they?
(27) Which of you by taking thought can add one cubit unto his stature?
(28) And why take ye thought for raiment? Consider the lilies of the field, how they grow; they toil not, neither do they spin:
(29) And yet I say unto you, That even Solomon in all his glory was not arrayed like one of these.
(30) Wherefore, if God so clothe the grass of the field, which today is, and tomorrow is cast into the oven, shall he not much more clothe you, O ye of little faith?
(31) Therefore take no thought, saying, What shall we eat? or, What shall we drink? or, Wherewithal shall we be clothed?
(32) (For after all these things do the Gentiles seek:) for your heavenly Father knoweth that ye have need of all these things.
(33) But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you.
(34) Take therefore no thought for the morrow: for the morrow shall take thought for the things of itself. Sufficient unto the day is the evil thereof.

Update…The Rich will continue getting Richer and The Poor, Poorer…KM Sept 24
Despite the US economic crisis, the rich will continue getting richer and the poor will become even more poorer. The US government bail out of the ‘Big Boys’ by paying them 700 Billion (which is a polite way of saying 1 Trillion US Dollars) is just a start.

Many have prophesied that the End of the US Economic Hegemony is now… I tend to think otherwise, I only see it transitioning into a Global Vicious Economic Beast that will be controlled only by a Few ‘Rich Men of The Earth’. As you struggle to get bread and milk on your table by paying a day’s wage for it, others will be enjoying free luxurious wines the world has to offer.

Read carefully the Book of Revelation and see for yourself the economic gap as it continues to widen… George W Bush and his surrogates have raped America and emptied the 3 Trillion surplus, Stolen Billions daily in an illegal war in Iraq through their companies like Blackwater and Haliburton and are now leaving office with a 1 Trillion Dollar Blank Check that they love to call a ‘700 Billion Dollar Bail Out’… Welcome to the World of the ‘Rich Men of The Earth’… Not only will the US bail out its banks but even foreign Banks… This is the greatest international Bank scam as one blogger put it…The Redistribution of wealth…

However, remember that this is just for a time… The Whore Rides the Beast for a Time… Before she is torn apart, her flesh eaten, and burnt with fire… When I read Revelation, I see more foreigners buy US companies and invest heavily… That is why the merchants of the earth – the rich men of the earth mourn as they see their wealth evaporate as The Whore is destroyed in one hour…

This is very possible…I believe that the 700 Billion Bail out will fail and then foreign investors will buy US companies for pennies…they will take advantage of the great consumerism in the US… They will also own SLAVES… Have you wondered how in the world slavery would return in this day and age??? Well, let the Chinese and Abu Dhabi – Dubai Investors come to America… Folks will sell themselves to work just for bread….

There is a clear separation of the Poor and the Wealthy… The Rich Men of The Earth will continue to viciously oppress the poor and loot huge amount of wealth… Only Jesus Christ will Return and Stop Them…

Notice that during the Hard Economic Times, Wine is not touched, a symbol of wealth, well being and luxury… Riches continue even in Apocalyptic times…
Revelation 6:6
(6) And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
Notice the ‘Rich and Great Men of the Earth’…
Revelation 6:15
(15) And the kings of the earth, and the great men, and the rich men, and the chief captains, and the mighty men, and every bondman, and every free man, hid themselves in the dens and in the rocks of the mountains;
Notice the Viciouness of the “Rich Men of The Earth’…
James 5:1-6
(1) Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
(2) Your riches are corrupted, and your garments are motheaten.
(3) Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
(4) Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.
(5) Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.
(6) Ye have condemned and killed the just; and he doth not resist you.
Notice the ‘Rich Men of the Earth’ oppress the poor…
James 2:1-7
(1) My brethren, have not the faith of our Lord Jesus Christ, the Lord of glory, with respect of persons.
(2) For if there come unto your assembly a man with a gold ring, in goodly apparel, and there come in also a poor man in vile raiment;
(3) And ye have respect to him that weareth the gay clothing, and say unto him, Sit thou here in a good place; and say to the poor, Stand thou there, or sit here under my footstool:
(4) Are ye not then partial in yourselves, and are become judges of evil thoughts?
(5) Hearken, my beloved brethren, Hath not God chosen the poor of this world rich in faith, and heirs of the kingdom which he hath promised to them that love him?
(6) But ye have despised the poor. Do not rich men oppress you, and draw you before the judgment seats?
(7) Do not they blaspheme that worthy name by the which ye are called?
Notice — The Love of Money is source of ALL Evil…More Wars to come worse than the Iraq War, all because of money…
1 Timothy 6:9-10
(9) But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.
(10) For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

…More 2’morrow…

Update…Be Wise in The Lord…Seek God’s Will…Walk not in Fear…Sept 21

Ephesians 5:15-21
(15) See then that ye walk circumspectly, not as fools, but as wise,
(16) Redeeming the time, because the days are evil.
(17) Wherefore be ye not unwise, but understanding what the will of the Lord is.
(18) And be not drunk with wine, wherein is excess; but be filled with the Spirit;
(19) Speaking to yourselves in psalms and hymns and spiritual songs, singing and making melody in your heart to the Lord;
(20) Giving thanks always for all things unto God and the Father in the name of our Lord Jesus Christ;
(21) Submitting yourselves one to another in the fear of God.

2 Timothy 1:7
(7) For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.

Update…USA Economic Crisis NOT the End but an Emergence of a Global Beast…Sept 20

I am continuously amazed at the panic, paranoia, and fear in Christian circles, especially Bible Prophecy Students who depend on Wall Street and its Stock Market to determine Bible Prophecy. While it is not an evil thing to watch the Markets on Wall Street, we should pay much serious attention to what The Bible has to say insofar as these hard economic times go. Now, if your eschatology is based on Wall Street, then on Monday, you would say, it is the end of the world as stocks collapsed and by Friday, you would think that differently as stocks went up in record highs… So, I don’t believe in ‘Stock Market Bible Prophecy’…Those who heavily really on such to see the future are only looking to the surface of things.

There are a number of things happening that we must watch out for, and that is more government control and oversight. What capitalism has done is to hand over all your rights and freedoms to government after raping and abusing them. Now Government says you have no brains to manage your own affairs and therefore, they will help you out by first bailing out your employers and then buying all your debt….is any one out there paying attention????

We all remember September 11 2001, what happened, people cried out to Government to BAIL THEM OUT in regards to ‘Protection’ and what we got was Patriot Act and more refined Patriot Acts…spying and no more privacy…. Big Brother emerged to such scales as never before in USA and global history…. The US exported the Idea of War on Terror to almost all nations that even poor Nations like Uganda have ‘Terror Watch Programs’, wholly funded by the US government in the fight against Terror…the purpose of these entities is to spy on citizens to make sure that no one posses a threat to US Hegemonic interests…. After 9/11 people screamed “More Government Control”, “Protect us”, “Security, security”… Little did people realize that this was a surrender in series of all their rights to a Global Super Power… People would make silly remarks like ” I don’t care about all the security we go through at the airports, as long as I am safe and government protects me”…

Now we have had a major US global financial crisis and the Powers that be are using this situation as a ‘God Sent’ and foolish and stupid people are again crying for more Government control and oversight in the financial sector…. There is an old Ugandan Proverb that speaks of a Man who went to cut down a tree only to find that strong winds had thrown it down… Now that is what is happening… The current US financial Crisis is a means to hand over Financial instruments in series to more Government control… The buzz word that we have heard throughout this week has been, Regulation, Regulation, stronger Government Regulation…blah blah Blah Regulation…

On Wall Street Stocks went high as Government “Heard the cries of the people” and “responded” by BUYING ALL BAD DEBT that these GLOBAL corporations own… The Government now has 80 per cent shares in GLOBAL AIG… If you own a Bad Debt on a house, then Government essentially bought you! Remember, these corporations being BAILED out are GLOBAL entities with GLOBAL investments…

A Chinese Newspaper commented for need of a ‘New Financial Order’…Remember that the US Government has borrowed billions from China and other nations to finance its war in Iraq, thanks to G W Bush and his surrogates… Interestingly enough, other nations are happy at The US promising stronger regulation in the Financial Markets…and are following suit, promising to help ‘chip in’ into their financial markets…

What we see is that the current economic crisis in the US is not the end of US economic Hegemony but an emergence of a Global Beast together with all other Nations that will makeup the Coalition of the Willing in fight against Global Financial Meltdowns as we have seen this week. The Chinese will have their prayers answered for a ‘New Global Financial Order’ unfortunately, it will be led by the US as of now… She is the “Beauty that rides the Beast”… The Whore that rides the Beast in Revelation 17 sounds familiar????

However, what does that mean for the US folks, your incomes and expenditures will be greatly reduced… More Wars will ensue… What Uncle Sam Gives, He Taketh Away… Your debt might be paid off by joining the Military and fighting wars in Afghanistan and or some ‘…stan’ nation…then Government will payoff your house if you don’t return back in a plastic bag…

So, the US is not done yet…her Hegemony is still growing, only this time that it is ushering in a new era of Global Governance… It is this reason that the world is awaiting an Obama administration… His visit to Germany underscored that point…they want a leader who will usher in a new era of Global Governance and surely Obama has the appeal globally and not McCain and His flamboyant Evangelical Palin… The Beauty has to Ride the Beast…

….More, 2’morrow…
Kato M…

Update…More in response to emails about the current economic crisis in the USA…Sept 18

I believe that The Lord will continue to Judge wickedness among the Nations and with special focus on America. However, if America is Babylon as in Revelation 18, then her Judgments seem to happen in one day, in one hour….a similar verse in Jeremiah 50, 51… It seems like The Lord judges Babylon differently from other Nations and does it in His own time…

Yes, I believe in Revelation 17:16 that Babylon gets her flesh torn and then burnt…however, this does not spell any time period…. So, that argument that there is a period between her flesh being torn and burnt is repetitive…and begs for more answers and speculation….and I agree to a point but I leave it to be speculative… Yes, the Ten Kings could very well eat her flesh, and burn her with fire in one day – one hour… So, the Bible does not give us any fixed time period between when the Ten Kings eat her flesh and burn her with fire…it could all happen at the same time… However, I leave room for speculation…and speculation at that…

About Fleeing, my position is that you seek The Lord’s Will and be led of The Holy Spirit as to where to be and do The Lord’s will…

So, those who advocate fleeing, tell us , where will you go? To Canada??? One guy left with a group up there and the results were bad…what do you do with Canada joining the American Union? Flee to Mexico?, Flee to Georgia? Russia will be waiting for you there… Where in the world will you flee to? Maybe Somalia…oh, it is too painful and poor there….maybe Uganda…the USA has strong presence there, AIG, CITI Group, all have powerful investment arms there… They are planning the ‘Africa Command’…a super US military base in Africa…it could be in Uganda or Nigeria… Uganda is also a US Client State… One individual was encouraging a Christian Exodus… Let me warn you that you need to be careful of such folks…flee from them instead… One individual advocated divorcing or separating from your wife if need be so as to flee USA Babylon… Another individual claims that American Christians cannot be saved unless they Flee Babylon… Brethren, lets not be foolish and become stupid by acting on the PARANOIA of some who call their fear of the future Bible Prophecy…

By the way, if you are planning to flee, Tomorrow maybe TO LATE, suppose Babylon is destroyed on Friday yet you plan on Fleeing on Wednesday the following week?

What about the POOR CHRISTIANS who cannot afford to flee even New York to get to another State? I know many many Christians in America and they are poor, yet they love Jesus Christ and are faithful to Him. How will they flee if they cannot even afford an air ticket to Canada????
This fleeing seems tailored only to the wealthy Christians who can afford it….

Let us not take a single verse in Revelation 18:4 out of context with all other verses in The Bible…Those who are Children of God are led by The Holy Spirit… The Lord will lead and protect His own just like He did to His people in Egypt, delivered Daniel and His Three Friends from Fire and Lions, Lot out of Sodom etc…

My position and opinion is that we should trust in The Lord’s providence and Protection and also it will TAKE THE HAND OF GOD AND WORKING OF GOD to protect and keep His people in places of safety…

Lastly, this is what is coming to Christians in AMERICA — PERSECUTION…and better be prepared for that…they will deliver you up in Churches and you will be hated by all men for my Name Sake…

Yes, The Lord’s judgments are coming and are to increase in intensity upon the Nations but LET US NOT BE REACTIVE Christians but RESPONSIVE, SOBER, and with a SOUND MIND…

Also many Bible Prophecy Students have become TOO SELFISH that they only think about their welfare…about fleeing…so as to avoid pain…this is nothing but escapism… Why don’t we think about other Christians suffering right now in America instead of just running away??? Hurricane Gustav destroyed many people’s properties, so did Ike, yet these Christians only seek to run away not even considering the fact that many Christians lost property down in Texas because of Ike…lets stop this ‘flee’ foolishness and stupidity!

Why not consider helping the poor Christians in Texas and maybe… I ask, what have you done to help those who cannot’ flee’ USA??? You are only considering you and your welfare but millions of poor Christians in the USA are not your concern… I tell you, be very careful, you might end up falling prey to some Jim Jones out there!!!

….more 2’morrow…
Kato M

Update…Is Current Economic Shake up in USA Babylon the End? I don’t Think so…Sept 17

In response to some emails, I strongly believe that if the USA is Babylon spoken of in Revelation 18, then she certainly comes down at the HEIGHT of HER ECONOMIC Power…not when when she gets economic meltdowns…

Revelation 18:11
(11) And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:

Revelation 18:15-19
(15) The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing,
(16) And saying, Alas, alas that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls!
(17) For in one hour so great riches is come to naught. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
(18) And cried when they saw the smoke of her burning, saying, What city is like unto this great city!
(19) And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

Any Bible prophecy student can read Revelation 18 and see clearly the ECONOMIC Descriptions of Babylon at her destruction, she is mighty, wealthy, merchants with ships at sea feed her indulgence, she is a super power and merchants weep when all her wealth is destroyed in ONE HOUR…so the talk in Bible Prophecy circles that this economic down turn spells the end of Babylon is laughable, if one seriously looks at Revelation 18.

I tell you what, be very very scared when this current economic crisis is done away with and the American economy booms again to levels never seen before…that is when destruction comes, and in one hour…when they least expect it…when they say peace, peace, then sudden destruction — in one hour!

The Biblical trends of the fall of global empires is very similar…Egypt was judged by The Lord at the HEIGHT of her Power and not when she faced famine during the Joseph time… Babylon fell at the Height of her Power, King Nebuchadnezzar lost his mind at The HEIGHT of his Power when all was well…King Herod was slain by an Angel at the Height of his power when he stood up and people worshiped him as a god…

Revelation 18 is clear that Babylon is destroyed at The Height of her economic power with a booming economy — in One Hour all her wealth is destroyed… So, Bible Prophecy Students, are you really serious that the USA is Babylon the Great in Revelation 18???????

Another question then arises…are there two or three Babylons? The one in Jeremiah 50,51 whose destruction is somewhat systematic and another in Revelation 18, whose destruction is in one hour, or are they all one and the same but the Bible giving us different pictures of what will take place at her destruction in ONE HOUR???????

The current economic crisis is shaking the theology and eschatology of many…Bible prophecy is not playing out the way they wish and like…it is better to have the child like faith before The Lord and know that He is ultimately in control to fulfill Bible Prophecy in His own time…and not we, for we only prophesy in part and see in part…

1 Corinthians 13:9-10
(9) For we know in part, and we prophesy in part.
(10) But when that which is perfect is come, then that which is in part shall be done away.

1 Corinthians 13:12
(12) For now we see through a glass, darkly; but then face to face: now I know in part; but then shall I know even as also I am known.

Update…Emails about ‘The Folly of Fleeing’…Sept 15 2008
I have been getting some emails about fleeing Babylon and my humble position after studying Bible prophecy on the subject is that you seek The Lord’s will and live where He desires you to be, seeking to please Him daily, even in times of tribulation and hardship, or even death…

There is a false doctrine and teaching out there that Salvation of Christians in America is dependent on Rev 18:4, if they don’t fulfill it then they are not some how saved…

I will be writing more about this subject in days to come… Otherwise don’t give into the fear and end time bible prophecy paranoia, especially in these hard times from some folks who take advantage of tough times to promote their own crafted teachings.

You are not the first nor the last that The Lord has rescued or will rescue out or protect during times of judgment, the Bible is full of such accounts… Fix your eyes on Jesus Christ, The Author and Finisher of your Faith… The Greatest Escape you can make is to flee Babylon Spiritually and not be attached to her spiritual moral decadence… You can only do that by seeking God’s Will, Obeying Jesus Christ and following Him any place He leads you…

I would like to remind all folks, especially, my American Audience that the current tough economic times is NOT THE END OF THE WORLD…and NOT THE END OF AMERICA…Don’t be deceived…

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Dollar At Record Low Versus Euro Due To Bank Industry Problems!

Posted by Job on July 15, 2008

www.iht.com/articles/2008/07/15/business/15realestate.php

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Has The Third Seal In Revelation Already Been Opened?

Posted by Job on May 19, 2008

Obtained from the good folks at Abrahamic-Faith.com.

http://docs.google.com/Doc?id=dc583dq4_2crk3vmg6

Posted in Bible, Christianity, Jesus Christ | Tagged: , , , , , , , , | 32 Comments »

 
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