Sep 2008
The Feast of Trumpets
28/09/08 22:22
I have just posted a special Feast of Trumpets audio message: The Last Trumpet. May God bless you all with a deeper understanding of His word and the peace of His spirit.
Until next time...
Until next time...
Is The US Bankrupt?
25/09/08 17:35
Watch for a special Feast of Trumpets audio message coming very soon!!!
As the American economic situation spirals ever and ever faster to a complete collapse, lawmakers are still unable to come to an agreement on the bailout package. After signaling that a deal had been reached late this afternoon, the latest reports indicate the deal is now very close to falling apart.
Secretary of the Treasury, Henry Paulson, is afraid that the bailout deal is coming apart after a turbulent and chaotic meeting at the White House. Paulson reportedly asked lawmakers to “please don’t blow this up”. Read the story here.
China has told its domestic bank to cease from lending to US financial institutions. The move is seen as a defensive move by China, to protect itself against the US financial crisis. The ban is only against lending to the US, no other countries have been affected. If the US cannot secure credit from foreign lenders, our financial system is effectively ruined. Read the story here.
The FDIC (Federal Deposit Insurance Corporation) is now in need of a $150 Billion Dollar bailout as banks continue to fail. The corporation is supposed to provide insurance as a guarantee, that will allow depositors to retrieve their funds from defunct banks. Read the story here.
Billionaire Warren Buffet characterizes the current US financial situation as an “economic Pearl Harbor”. Buffet is still confident that Congress will put together a deal and rescue the US financial sector. Read the story here.
Panic stricken depositors made a run on a Hong Kong bank, as news of a pending failure began to circulate. The bank was quick to deny the stories and to label the rumors as “groundless”. Officials are urging calm. Read the story here.
Until next time...
As the American economic situation spirals ever and ever faster to a complete collapse, lawmakers are still unable to come to an agreement on the bailout package. After signaling that a deal had been reached late this afternoon, the latest reports indicate the deal is now very close to falling apart.
Secretary of the Treasury, Henry Paulson, is afraid that the bailout deal is coming apart after a turbulent and chaotic meeting at the White House. Paulson reportedly asked lawmakers to “please don’t blow this up”. Read the story here.
China has told its domestic bank to cease from lending to US financial institutions. The move is seen as a defensive move by China, to protect itself against the US financial crisis. The ban is only against lending to the US, no other countries have been affected. If the US cannot secure credit from foreign lenders, our financial system is effectively ruined. Read the story here.
The FDIC (Federal Deposit Insurance Corporation) is now in need of a $150 Billion Dollar bailout as banks continue to fail. The corporation is supposed to provide insurance as a guarantee, that will allow depositors to retrieve their funds from defunct banks. Read the story here.
Billionaire Warren Buffet characterizes the current US financial situation as an “economic Pearl Harbor”. Buffet is still confident that Congress will put together a deal and rescue the US financial sector. Read the story here.
Panic stricken depositors made a run on a Hong Kong bank, as news of a pending failure began to circulate. The bank was quick to deny the stories and to label the rumors as “groundless”. Officials are urging calm. Read the story here.
Until next time...
What Will It Take?
24/09/08 17:36
Watch for a special Feast of Trumpets message to be available soon!
The US is facing an unprecedented financial crisis. All of the experts agree something must be done immediately, meanwhile as the market yo-yo’s up and down and stressed out investors find no safe place to rest, congress continues to debate over a plan to rescue the American economy. President Bush has characterized the current situation as a “once in a century crisis”. One thing is for certain, the face of the American financial market and way of doing business will be changed forever. The US government will be firmly entrenched in managing what was once a free market. The UN is calling for more global control of the world’s financial resources. The world is marching slowly but surely towards a world governing system, one which the world will embrace, but one that will ultimately lead to the world’s doom. Faith and trust in God and His Son Jesus Christ, is the only safe investment in this world!
Jack Welch, former CEO of General Electric made dire predictions for the US economy today. Welch says that he held out hope, but that now he has to admit that the economy is in serious trouble. Welch stated that we (US) are in for a deep downturn. He also predicted a brutal first quarter in 2009. Read the story here.
In a move that is reminiscent of Nero fiddling while Rome burned, congress is arguing and bickering over the plan to bailout the ailing US financial sector. Despite dire predictions of the carnage that is soon to be unleashed, lawmakers are trying to place conditions and restrictions on the package. Federal Reserve Chairman Ben Bernanke, testifying on Capitol Hill warned of a Global Market under extraordinary stress and that swift action is urgently required to stabilize the situation. Read the story here.
As US lawmakers debate and stall on a bailout package to prop up a financial system heading swiftly for ruin, the Federal Reserve injected another $30 Billion dollars into the international market to try and buy some more time. The latest release of cash was on top of the $247 Billion that has already been infused into the market to avert a crisis. Read the story here.
The four major players seen as the major contributors to the current US financial crisis are under investigation by the FBI. Fannie Mae, Freddie Mac, Lehman Brothers Holdings, Inc. and American International Group are being accused of fraud. Read the story here.
Iranian President Mahmoud Ahmadinejad, in a message delivered to the UN General Assembly, stated that the US is near collapse. Ahmadinejad further stated that the American Empire is at the end of its road and that its focus should be turned within its own borders. He also accused the US of starting wars in Afghanistan and Iraq and called US forces still in Iraq “occupiers”. The Iranian leader also blamed current global financial problems on US military interventions. Read the story here.
Until next time...
The US is facing an unprecedented financial crisis. All of the experts agree something must be done immediately, meanwhile as the market yo-yo’s up and down and stressed out investors find no safe place to rest, congress continues to debate over a plan to rescue the American economy. President Bush has characterized the current situation as a “once in a century crisis”. One thing is for certain, the face of the American financial market and way of doing business will be changed forever. The US government will be firmly entrenched in managing what was once a free market. The UN is calling for more global control of the world’s financial resources. The world is marching slowly but surely towards a world governing system, one which the world will embrace, but one that will ultimately lead to the world’s doom. Faith and trust in God and His Son Jesus Christ, is the only safe investment in this world!
Jack Welch, former CEO of General Electric made dire predictions for the US economy today. Welch says that he held out hope, but that now he has to admit that the economy is in serious trouble. Welch stated that we (US) are in for a deep downturn. He also predicted a brutal first quarter in 2009. Read the story here.
In a move that is reminiscent of Nero fiddling while Rome burned, congress is arguing and bickering over the plan to bailout the ailing US financial sector. Despite dire predictions of the carnage that is soon to be unleashed, lawmakers are trying to place conditions and restrictions on the package. Federal Reserve Chairman Ben Bernanke, testifying on Capitol Hill warned of a Global Market under extraordinary stress and that swift action is urgently required to stabilize the situation. Read the story here.
As US lawmakers debate and stall on a bailout package to prop up a financial system heading swiftly for ruin, the Federal Reserve injected another $30 Billion dollars into the international market to try and buy some more time. The latest release of cash was on top of the $247 Billion that has already been infused into the market to avert a crisis. Read the story here.
The four major players seen as the major contributors to the current US financial crisis are under investigation by the FBI. Fannie Mae, Freddie Mac, Lehman Brothers Holdings, Inc. and American International Group are being accused of fraud. Read the story here.
Iranian President Mahmoud Ahmadinejad, in a message delivered to the UN General Assembly, stated that the US is near collapse. Ahmadinejad further stated that the American Empire is at the end of its road and that its focus should be turned within its own borders. He also accused the US of starting wars in Afghanistan and Iraq and called US forces still in Iraq “occupiers”. The Iranian leader also blamed current global financial problems on US military interventions. Read the story here.
Until next time...
Credit Crisis Deepens...
17/09/08 17:39
Special Feast of Trumpets audio message coming soon!
Despite desperate attempts to keep the world’s financial markets propped up, panic continues to spread and run unabated. We are witnessing a crisis that is unprecedented in our lifetimes! What the final outcome will be remains to be seen. Will the market recover? Are we witnessing the beginning of a complete global depression?
Russia closed it’s stock market for the second straight day to try and prevent a complete collapse. Yesterday the exchange was in freefall and suffered a 17% drop before it was closed in mid-afternoon. The markets were reopened today along with an infusion of $70 Billion dollars which did nothing to abate the crisis. The market was shutdown again to prevent a complete collapse. The government has promised another $60 Billion to be added to the banking system. Read the story here.
The Dow lost another 450 points today, despite a government brokered deal to bail out failing AIG (American International Group). The move was seen as a way to try and inject some confidence back into the market and lure investors back, but the move failed to rally the market. Overall the Dow is down some 800 points this week. The announcement of the $85 Billion deal to save AIG caused more fear and panic then confidence. Gold had it’s biggest one day gain ever. Jumping $90.40, as investors were seeking the safety of hard assets. Read the story here.
The entire world is engulfed in a credit panic. Analysts say the credit crunch has hit an historic intensity. Financial stress has hit record proportions around the globe and lending between banks has come to a complete standstill. Short-term US Treasuries were trading at record lows not seen since January 1941! The news is grim and investors have abandoned any hope of profits for the sake of safety. Read the story here.
Troubled banks are desperately trying to make back door deals before going under. Morgan Stanley and Wachovia are negotiating and Goldman Sachs is looking for a partner. WAMU (Washington Mutual) is likely to fail next, since no one wants to even touch it. Read the story here.
Japan dumps $1.5 Trillion yen into their markets to try and stabilize the meltdown. Read the story here.
Until next time...
Despite desperate attempts to keep the world’s financial markets propped up, panic continues to spread and run unabated. We are witnessing a crisis that is unprecedented in our lifetimes! What the final outcome will be remains to be seen. Will the market recover? Are we witnessing the beginning of a complete global depression?
Russia closed it’s stock market for the second straight day to try and prevent a complete collapse. Yesterday the exchange was in freefall and suffered a 17% drop before it was closed in mid-afternoon. The markets were reopened today along with an infusion of $70 Billion dollars which did nothing to abate the crisis. The market was shutdown again to prevent a complete collapse. The government has promised another $60 Billion to be added to the banking system. Read the story here.
The Dow lost another 450 points today, despite a government brokered deal to bail out failing AIG (American International Group). The move was seen as a way to try and inject some confidence back into the market and lure investors back, but the move failed to rally the market. Overall the Dow is down some 800 points this week. The announcement of the $85 Billion deal to save AIG caused more fear and panic then confidence. Gold had it’s biggest one day gain ever. Jumping $90.40, as investors were seeking the safety of hard assets. Read the story here.
The entire world is engulfed in a credit panic. Analysts say the credit crunch has hit an historic intensity. Financial stress has hit record proportions around the globe and lending between banks has come to a complete standstill. Short-term US Treasuries were trading at record lows not seen since January 1941! The news is grim and investors have abandoned any hope of profits for the sake of safety. Read the story here.
Troubled banks are desperately trying to make back door deals before going under. Morgan Stanley and Wachovia are negotiating and Goldman Sachs is looking for a partner. WAMU (Washington Mutual) is likely to fail next, since no one wants to even touch it. Read the story here.
Japan dumps $1.5 Trillion yen into their markets to try and stabilize the meltdown. Read the story here.
Until next time...
Financial Meltdown...
15/09/08 17:43
Watch for a special Feast of Trumpets audio message coming soon!
The financial house of credit cards that the US built up, has finally fallen down. Wall Street suffered an economic meltdown that is unprecedented today. It all started with Lehman Brothers filing for Chapter 11 protection and snowballed from there. Late night meetings and last minute bail out pleas could not prevent the institution, a landmark on Wall Street, from going under. Another huge investment firm, Merrill Lynch, had to be sold after the collapse of Lehman Brothers. Now the insurance giant American International Group is gasping desperately and trying to keep it’s head above water. Last minute deals are desperately trying to be brokered, to prop up AIG. Market analysts are calling this a disaster, the likes of which have not seen, since the Great Depression. Can the US survive? We have been hanging on by our fingernails as it is!
It is not only this country that is suffering. The economies of the different nations of this world have become so intertwined already, that what affects one affects all. Every time there is an economic crisis, the financial institutions become more and more consolidated as the failing companies are absorbed into other conglomerates. All this serves to drive us ever closer to the one world system that is prophesied to be in place at the time of the end. We are moving ever closer to that cataclysm.
The AIG (American International Group) is desperately searching for a life line to remain afloat. It has lost 90% of its value this year! The Federal Reserve hired an investment bank, Morgan Stanley, to look at alternatives for the AIG. Read the story here.
The Dow took a horrible pounding today amid all of the doom and gloom of terrible financial news and failures. In a loss that represented the biggest drop in 6 years, the Dow lost 504 points today. Read the story here.
In an attempt to keep cash flowing, The Federal Reserve injected $70 Billion worth of reserve funds into the banking system. Cash is drying up quickly due to the surge in borrowing related to the failure of Lehman Brothers. The funds amounted to the biggest addition to the banking system, since the 9/11 attacks on the US. Read the story here.
Washington Mutual, the savings and loan giant was reduced to junk status today by Standard and Poor’s due to the housing crisis. Shares of WAMU tumbled sharply on the announcement. WAMU has suffered losses of $6.3 Billion over the last 3 quarters due to the housing market and bad mortgages. Read the story here.
The Bible foretells a time when money will become worthless:
Ezekiel 7:19 They will throw their silver into the streets, And their gold shall be like refuse; Their silver and gold will not be able to deliver them In the day of the wrath of the LORD; They will not satisfy their souls, Nor fill their stomachs, Because it became their stumbling block of iniquity.
Until next time...
The financial house of credit cards that the US built up, has finally fallen down. Wall Street suffered an economic meltdown that is unprecedented today. It all started with Lehman Brothers filing for Chapter 11 protection and snowballed from there. Late night meetings and last minute bail out pleas could not prevent the institution, a landmark on Wall Street, from going under. Another huge investment firm, Merrill Lynch, had to be sold after the collapse of Lehman Brothers. Now the insurance giant American International Group is gasping desperately and trying to keep it’s head above water. Last minute deals are desperately trying to be brokered, to prop up AIG. Market analysts are calling this a disaster, the likes of which have not seen, since the Great Depression. Can the US survive? We have been hanging on by our fingernails as it is!
It is not only this country that is suffering. The economies of the different nations of this world have become so intertwined already, that what affects one affects all. Every time there is an economic crisis, the financial institutions become more and more consolidated as the failing companies are absorbed into other conglomerates. All this serves to drive us ever closer to the one world system that is prophesied to be in place at the time of the end. We are moving ever closer to that cataclysm.
The AIG (American International Group) is desperately searching for a life line to remain afloat. It has lost 90% of its value this year! The Federal Reserve hired an investment bank, Morgan Stanley, to look at alternatives for the AIG. Read the story here.
The Dow took a horrible pounding today amid all of the doom and gloom of terrible financial news and failures. In a loss that represented the biggest drop in 6 years, the Dow lost 504 points today. Read the story here.
In an attempt to keep cash flowing, The Federal Reserve injected $70 Billion worth of reserve funds into the banking system. Cash is drying up quickly due to the surge in borrowing related to the failure of Lehman Brothers. The funds amounted to the biggest addition to the banking system, since the 9/11 attacks on the US. Read the story here.
Washington Mutual, the savings and loan giant was reduced to junk status today by Standard and Poor’s due to the housing crisis. Shares of WAMU tumbled sharply on the announcement. WAMU has suffered losses of $6.3 Billion over the last 3 quarters due to the housing market and bad mortgages. Read the story here.
The Bible foretells a time when money will become worthless:
Ezekiel 7:19 They will throw their silver into the streets, And their gold shall be like refuse; Their silver and gold will not be able to deliver them In the day of the wrath of the LORD; They will not satisfy their souls, Nor fill their stomachs, Because it became their stumbling block of iniquity.
Until next time...
OPEC Reversal...
10/09/08 18:58
Watch for a new special audio message for the Feast of Trumpets to be posted soon!
After signaling that it would keep production quotas where they were yesterday, OPEC today cut production by 500,000 barrels per day. The move was seen as a way to stabilize the market and shore up falling prices. Some members of the Cartel were against a major cut, fearing demand would fall even faster. Demand for crude has been down sharply with the increasing prices, even in developing countries. Read the story here.
Russia has threatened to point ballistic missiles at US strategic targets in Europe, including those slated for the missile shield system. They also announced they are planning to test 4 ballistic missiles before the end of the year. Read the story here.
Despite the dire predictions that the earth is entering a warming period, the Old Farmers Almanac foretells a cooldown. The Almanac’s predictions are based on a series of complex calculations with a surprisingly accurate record. The Almanac’s calculations point to a cooling trend for the next half century. The Old Farmers Almanac dates back to 1792 and is the oldest continuously published periodical in North America. Read the story here.
Until next time...
After signaling that it would keep production quotas where they were yesterday, OPEC today cut production by 500,000 barrels per day. The move was seen as a way to stabilize the market and shore up falling prices. Some members of the Cartel were against a major cut, fearing demand would fall even faster. Demand for crude has been down sharply with the increasing prices, even in developing countries. Read the story here.
Russia has threatened to point ballistic missiles at US strategic targets in Europe, including those slated for the missile shield system. They also announced they are planning to test 4 ballistic missiles before the end of the year. Read the story here.
Despite the dire predictions that the earth is entering a warming period, the Old Farmers Almanac foretells a cooldown. The Almanac’s predictions are based on a series of complex calculations with a surprisingly accurate record. The Almanac’s calculations point to a cooling trend for the next half century. The Old Farmers Almanac dates back to 1792 and is the oldest continuously published periodical in North America. Read the story here.
Until next time...
Record Deficit...
09/09/08 17:42
Look for a new audio message to be posted soon!
The Congressional Budget Office released figures today, showing that the Federal Government will be running a record deficit of $409 Billion dollars, at the close of the budget year on September 30. The CBO is also predicting that debt from this year will carry over into next year, when the deficit is expected to rise to $438 Billion and possibly even higher with the government bailout of Fannie Mae and Freddie Mac. Who is going to bail out the Federal Government when they are no longer able to meet their obligations? What happens when the creditors who have been propping up the US, by purchasing US Treasury bonds, demand payment? Who is going to make the payment on all of that debt? Read the story here.
Oil continued to slide today, as OPEC met and decided to keep production levels where they are. It was initially feared that the Cartel would cut production to maintain market prices, but both Saudi Arabia who carries heavy influence within OPEC, and Venezuela agreed on leaving production quotas untouched. The Saudi Oil Minister called the market “well balanced”. Brent crude actually dipped below the $100 mark today. Market analysts predict that oil will fall below the $100 mark, which comes as a welcome relief to a faltering global economy. Read the story here.
Russia stated that troops would remain in the breakaway regions of South Ossetia and Abkhazia for a “long time” to prevent further military action from Georgia. 7,600 troops have been committed to the effort. Russian Foreign Minister Sergey Lavrov also warned that a lasting peace is only possible if Georgia is not allowed to rearm. Read the story here.
The Russian, state run company that is building Iran’s first nuclear plant in Bushehr, stated that the reactor’s launch has entered the final phase. Iran is paying a price tag of over $1 Billion dollars for the plant. The company stated that by the end of the year steps will be taken that will make the launch irreversible. Read the story here.
Until next time...
The Congressional Budget Office released figures today, showing that the Federal Government will be running a record deficit of $409 Billion dollars, at the close of the budget year on September 30. The CBO is also predicting that debt from this year will carry over into next year, when the deficit is expected to rise to $438 Billion and possibly even higher with the government bailout of Fannie Mae and Freddie Mac. Who is going to bail out the Federal Government when they are no longer able to meet their obligations? What happens when the creditors who have been propping up the US, by purchasing US Treasury bonds, demand payment? Who is going to make the payment on all of that debt? Read the story here.
Oil continued to slide today, as OPEC met and decided to keep production levels where they are. It was initially feared that the Cartel would cut production to maintain market prices, but both Saudi Arabia who carries heavy influence within OPEC, and Venezuela agreed on leaving production quotas untouched. The Saudi Oil Minister called the market “well balanced”. Brent crude actually dipped below the $100 mark today. Market analysts predict that oil will fall below the $100 mark, which comes as a welcome relief to a faltering global economy. Read the story here.
Russia stated that troops would remain in the breakaway regions of South Ossetia and Abkhazia for a “long time” to prevent further military action from Georgia. 7,600 troops have been committed to the effort. Russian Foreign Minister Sergey Lavrov also warned that a lasting peace is only possible if Georgia is not allowed to rearm. Read the story here.
The Russian, state run company that is building Iran’s first nuclear plant in Bushehr, stated that the reactor’s launch has entered the final phase. Iran is paying a price tag of over $1 Billion dollars for the plant. The company stated that by the end of the year steps will be taken that will make the launch irreversible. Read the story here.
Until next time...
What's in Our Food?
03/09/08 17:44
The nations of this world appear to be blindly forging ahead in their efforts to modify the pure strains that exist in the animal and plant world. What will be the end result of modifying the pure animal and seed strains that we rely on for food? No one really knows...could man be contributing to the prophesied famine that will occur as foretold in Revelation?
Revelation 6:5
5 When he opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.”
Genetically Modified (GM) foods were never supposed to enter the consumer market, until they had been tested and proven. What happened? GM products began showing up in consumer foodstuffs and the modified foods were being distributed before consumers were even aware! The full extents of the impact that these GM products have on the human body is not even known! One GM variation of corn actually produces its own pesticide that is contained within each kernel. Can it be healthy to consume something like that? This is only one instance of the type of gene modification that is being done to food crops.
Now the FDA warns that cloned animal products are in US food supplies. What are the long range effects and implications of cloned animal products being introduced into our food supply? Again, who knows? There has not been time for sufficient studies or testing to provide conclusive results either way. God is the creator, God created the plants and animals and all living things. Is man more knowledgeable and wiser than God? Certainly not! God created it all and said it was good. Man is tampering with and modifying what God set in place! Read the story here.
There are some that are concerned enough about protecting the pure seed strains, that a seed vault was constructed in Norway to safely house and protect seeds from a variety of plants. The Norwegian government contributed more than 7 million dollars to the vault, which was constructed in the Arctic and opened in February of this year. Read the story here.
As oil prices continue to fall, Iran is calling for a cut in production to keep prices up. Oil has fallen in recent weeks from a high of $147 a barrel to $107. Venezuela and Iran plan to use $100 as the benchmark to maintain. An Iranian official stated that OPEC members must immediately stop exceeding production quotas, which would amount to an immediate half million barrels per day cut in the oil supply. Read the story here.
A wall dating back to the time of the second temple has been uncovered in Jerusalem. The wall is 2,100 years old and lies just outside the present day walls of the old city. Read the story here.
Until next time...
Revelation 6:5
5 When he opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.”
Genetically Modified (GM) foods were never supposed to enter the consumer market, until they had been tested and proven. What happened? GM products began showing up in consumer foodstuffs and the modified foods were being distributed before consumers were even aware! The full extents of the impact that these GM products have on the human body is not even known! One GM variation of corn actually produces its own pesticide that is contained within each kernel. Can it be healthy to consume something like that? This is only one instance of the type of gene modification that is being done to food crops.
Now the FDA warns that cloned animal products are in US food supplies. What are the long range effects and implications of cloned animal products being introduced into our food supply? Again, who knows? There has not been time for sufficient studies or testing to provide conclusive results either way. God is the creator, God created the plants and animals and all living things. Is man more knowledgeable and wiser than God? Certainly not! God created it all and said it was good. Man is tampering with and modifying what God set in place! Read the story here.
There are some that are concerned enough about protecting the pure seed strains, that a seed vault was constructed in Norway to safely house and protect seeds from a variety of plants. The Norwegian government contributed more than 7 million dollars to the vault, which was constructed in the Arctic and opened in February of this year. Read the story here.
As oil prices continue to fall, Iran is calling for a cut in production to keep prices up. Oil has fallen in recent weeks from a high of $147 a barrel to $107. Venezuela and Iran plan to use $100 as the benchmark to maintain. An Iranian official stated that OPEC members must immediately stop exceeding production quotas, which would amount to an immediate half million barrels per day cut in the oil supply. Read the story here.
A wall dating back to the time of the second temple has been uncovered in Jerusalem. The wall is 2,100 years old and lies just outside the present day walls of the old city. Read the story here.
Until next time...