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Fred R. Coulter—January 5, 2008
{Political news of the day—Transcript begins at 3:43}
Whenever we think we know exactly what's going to happen in the future, things happen that prove to us that we don't know exactly. We have parameters jus like we've discussed before concerning the resurrection and the return of Christ.
We don't know the day or the hour because there are going to be so many astronomical things that take place before that time that only God knows the day or the hour, because we won't be able to figure it.
Economics:
We are going to hit an economic situation in the future not too far down the road. It is coming! One of the ways that Satan has the world deceived is with the banking system. We'll take a look at that.
The further we go forward, the further we go to the past, which is the more that we come to the Babylonian type of society, and the more we come to the New Age, which is the old age religion society.
Ezek. 27 talks about Tyrus (Tyre) and its great trading. Tyrus equates to today Rome, especially when you consider all the major treaties that effect the major nations of the world that are signed in Rome or are extensions of what is called the Club of Rome.
Let's see what is going to happen to this tremendous trading combine. I want you to see how Rev. 18 ties in. We need to understand the world banking system. The world banking system is one unified whole with many parts, and it is all done electronically, which is a key thing.
Let's see some things about Babylon and the judgment of Babylon, then we will see the prophecy of Satan and one of things that is his great sin—was then and is now.
Revelation 18:2: "And he… [the mighty angel] …cried out mightily with a loud voice, saying, 'Babylon the Great is fallen, is fallen…'" there are the two great falls of Babylon. This is why the further we go into the future, the more diversity we accept, the more we accept lower morals the more that we become like Babylon, and Babylon financially. Babylon today, financially, is based upon slight of hand and deceit. We'll see what they've been able to do with it.
Verse 3: "Because all nations have drunk of the wine of the fury of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the power of her luxury." That's something that is really true!
Just to give you an example of how susceptible we are to things, we had a big power outage because of a storm. So, the room that we were meeting in has sufficient natural light, but no heat, so we are all sitting here with our coats on and blankets over our legs to keep us warm. Think about it for a minute. If you don't have electricity in this modern world, you don't have anything. Nothing works! This shows how dependent we are on everything that is in the modern world. I tell you, economics is a great, great part of what is going on.
How do they wax rich through their delicacies? By buying, selling, trading and dealing in marginal lending and credit! Marginal lending and credit is universal, worldwide. Banks setup their corporations. It doesn't matter if they're international banks or local banks, they're all setup on this principle: If someone comes in and deposits $100, they are able to take 88% of that and loan it out to someone else. It is all based upon the average percentage of deposits that are retained in the bank, which averages about 12%.
One big Achilles' heal today in the banking system in America, individuals have little or no savings at all. So, this is why the whole economic system can collapse quite quickly. We need to realize that.
Not only is tithing something we need to do, but you also need to manage your financial affairs wisely, but the whole bottom line is that you cannot get rich on credit. You may have the appearance of being wealthy for a while. For example: they have had for a long time on television how you can buy houses with nothing down. How much money do people make? It's all on paper and it's all like a house of cards! You still owe the debt! You still have to make the payments! And your real wealth can disappear in a hurry.
Those who bought those houses for nothing down, or those who have borrowed so heavily against their houses…
I remember when Die Tech came out with their equity loan of 125%, I said, 'Oh, oh, somebody knows something that nobody else knows.' Why would you lend up to 125% of the value of the house? That worked as long as everything was going up and people thought that they were getting rich!
Let's see what they had here, how this thing is really been something; v 9: "Then the kings of the earth… [the leaders of the countries] …who have committed fornication with her and have lived luxuriously, will weep and lament for her, when they see the smoke of her burning." This is future, not yet happened. But what we're looking at is how we got from there to here, and how we're going to go from here to there!
Verse 11: "And the merchants of the earth will weep and mourn over her, because no one will buy their merchandise anymore." Today it is good that you retain your assets.
Verse 12: "The merchandise of gold, and silver, and precious stones, and pearls…"—all commodities. There's a time to make money on it, there's a time when it's not going to do any good. When the Tribulation starts, they're going to 'throw their gold and silver into the streets.'
We have not reached that time, but those who have gotten into gold and silver and other tangible assets… Because of the central banking system, they can pull money out of nowhere. Not only the Fed here but all of the Euro and the others.
"…and fine linen…" (v 12)—that's clothing. Where do you get your clothing? China, India, around the world!
"…and purple, and silk, and scarlet, and all thyine wood, and every article of ivory, and every article of rare wood, and brass, and iron, and marble, and cinnamon, and incense, and ointment, and frankincense, and wine, and oil, and fine flour, and wheat, and cattle, and sheep, and horses, and chariots… [cars today] …and slaves, and the souls of men" (vs 12-13). You don't have to be slaves in the traditional sense, you can be slaves to the economic system.
But there are slaves in the traditional sense, and "…souls of men" means selling body parts. What is one of the crimes today that is really a tragic one, and happens here? People have been kidnapped and taken to a motel, made unconscious and they cut open and take out their kidneys and leave them a note to call 911 as soon as they wake up. They can sell their kidneys and hearts, lungs and things like this. It was even reported in China that they have some prisoners that that's how they handle it.
The Bible is very accurate in what it's saying. Next time you go into any store ask yourself: How much of this has come from various parts of the world and from where did it come. You walk into Wal-Mart and it's almost all China and India.
Think about how, when you go to the store, convenient it is to have everything right there. You say, 'What do I want?' You've got right in that store a thousand things to choose from. You want apples, you've got 20 different kind; bananas, two or three different kind; meat, you've got various grades of meat; bread, there is all kinds of bread; any kind of canned foods, name it, it's there. All of the things for personal hygiene, it's there.
All of these things are supplied. So, let's just think ahead for a little bit and maybe we ought to be wise have a few extra supplies on hand. Because with the downturn that's coming, it's not going to be the end, the Tribulation is not coming right immediately, as some people claim. There's an awful lot that has to be done, and the main thing that has to happen is that the dollar has to fall, which make modern day Israel subservient. This means that we have to become, rather than a leading nation—because we didn't take God's Word to the world the way that we should have—we are going to suffer the penalty of being dominated by strangers ruling over us and oppressing us.
That's going to happen when there's a recession or a depression. Some people think that maybe it will only be a recession, but if it's depression it's going to affect everybody, which will put us in even worse shape. This tells us how this whole system is.
Ezekiel 27:32: "And in their wailing they shall lift up a lamentation for you and lament over you, saying, 'Who was like Tyre [Tyrus]… [this expands out to modern day Babylon] …who was fortified in the midst of the sea? When your goods went out by the seas, you filled many people. With the multitude of your riches and your merchandise you enriched the kings of the earth" (vs 32-33).
On the History Channel they showed how they ship goods around the world on these huge freight ships. They ship everything in containers, which are actually portable containers that can be put on truck beds and hauled. So, they load them up in China, Hong Kong, Japan, India, Europe—whatever it is—and then they can take these big containers and load them on ships. Everything that we've been talking about has this merchandise going and coming, and it's really quite a thing! They have tremendous systems at these ports where they can load and unload, and get all of these things out.
Sidebar: That's how The Holy Bible in Its Original Order, A Faithful Version arrived from China.
Verse 34: "Now that you are broken by the seas, in the depths of the waters, your merchandise and all your company in your midst have fallen. All the inhabitants of the isles are astonished at you, and their kings are horribly terrified; their faces tremble. The merchants among the people shall hiss at you; you have become terrors. And you will be no more forever" (vs 34-36).
Who is the power behind this? You have to read Ezek. 27, then Ezek. 28 talks about the origin of Satan and who he was, 'the covering cherub.' Satan is the one who wants to get wealth by lying and cheating. That's what the whole banking system is about, thought they demand on the surface honesty. How can you have honesty within a system that is totally deceptive? You really can't!
One of the reasons why Satan was cast out then, why the system of Tyre went down, Ezekiel 28:16: "By the multitude of your merchandise they have filled your midst with violence, and you have sinned…."
Isn't that a principle that is true today? The more things that we have, the more that we sin! What did Jesus give us the example of with the rich man? He wasn't willing to sell what he had, and Jesus said how hard it is for those who trust in their riches to enter into the Kingdom of God.
So, our whole system is based upon sin. And our whole system is based upon betting. If you make a good bet on the stock market or the commodity market, whatever, then you can make some money on paper. But sooner or later all of that is going to go down. If you watch any news concerning commerce, you know that all of the experts are just nervous.
{news of the day}
All of this merchandizing has caused them to sin, caused the whole system to sin.
"…Therefore, I will cast you as profane from the mountain of God, and I will destroy you, O covering cherub, from among the stones of fire. Your heart was lifted up because of your beauty; you have corrupted your wisdom by reason of your brightness. I will cast you to the ground; I will lay you before kings, that they may behold you. By the multitude of your iniquities, by the unrighteousness of your trade, you have profaned your sanctuaries; therefore, I brought forth a fire from your midst; it shall devour you, and I will bring you to ashes upon the earth, before the eyes of all who see you" (vs 16-18). So, the system is going to come down!
Now, let's just interject here: for those who watch economic events, let's just use the time from the mid 1990s through 2007. What happened right at the second term of Bill Clinton? There was a recession! So, we had seven good years, then we had bad years.
What happened at the beginning of the George W. Bush administration? They had to bring the interest rate down so low, especially with 9/11 they got it down to about three-quarters of one percent in order to stimulate the economy! At the end of the Bush administration there was a coming recession.
What we see is why God has His economics in an entirely different way. It's based upon a seven-year cycle. Six years and then the seventh year is the year of release. That is how you keep inflation out of the system. It means that all indebtedness is short term. In the seventh year you forgive it.
I don't know exactly how it will work with longer term debt, maybe in the seventh year they didn't make any payments on it. I do not know. But if you have it that way, you operate on real things, real assets, and you do not allow the deceptiveness of long-term indebtedness.
Think about, especially, a house. I use to think about this when I was a loan broker. People borrow $200,000. By the time they pay it off in 30 years—and very rarely are they paid off in 30 years—at the front end they pay most of the interest. I used to always tell my clients that the way they can shorten it down, even though you have a 30 year loan, is the firs three years double or triple your payments so it against the principle. That means that with subsequent payments more of the payment will go to principle rather than interest.
Look what happens with interest if you have a house. By the time you pay off that 2-3 hundred thousand dollars, it's three times what you borrowed.
When you understand that the money that you borrowed was really on marginal lending, meaning that they had so much in their accounts the bank could lend you on that. Where do the banks get their money now? They get it from the Federal Reserve! So, this is why the sub-prime mortgages really hit hard.
Let's look a some other principles. The moral of the story is, get out of debt as much as you can! I know that there have been some people who have faithfully tithed for years and years and they have prospered very well because of it. I also know that there are people who have tithed for years and years and then, unfortunately, got too deeply involved in debt and it was hard for them to handle it.
I expect what is going to happen with a lot of these houses is that the value is… I know of one man who designed houses; I asked: What are you going to do when the housing market collapses and you aren't drawing any more houses? You're making plenty of money now; what are you doing with your money? Think about what you're going to do when you're not going to be able to draw any plans.
No one is going to want a house built because they've overbuilt. Even though tithing is what we need to do, we also need to get out of debt.
Proverbs 22:7: "The rich rules over the poor, and the borrower is slave to the lender." In America today we have many, many people who are so in debt. It's kind of like being in water where you have to tread because you can't touch the bottom. You have enough coming in that you can take care of all your debts going out, but if all of a sudden a big wave comes along, you've had it. This is the way too many in America are today; and too many in the world today. They're a slave to the lender!
A famous thing that Rothschild always said… that family is still there and still have a lot of power in the world. As a matter of fact, between them and all the interconnected banks in the world, they hold all the power. Rothschild said, 'I don't care who runs the government, let me control the money and I will control the country.'
Satan has the same philosophy. 'Let me control the money and I will control the world!' Everybody is indebted. Everything runs on debt. If you want to buy something, how may use cash. Another thing concerning hospital things and a hospital bill comes up and you don't have much money, remember that you can always negotiate it down if you can get enough money to pay it to the lowest Medicare will pay.
Just say, 'I don't have any money but I know that if I were on Medicare you would accept the lowest that Medicare is. Tell me how much it is and I'll pay you that. They'll do it.
Proverbs 20:14: "'It is bad! It is bad!' says the buyer; but when he has gone his way, then he boasts." Look how great I am, look what I was able to do!
Let's take all of this apply it to the real world today. I've got several reports that I'm going to cover. Just understand that everything man does, that looks good on the surface, because they don't think it through or they are deceived by Satan the devil, is going to fall flat on its face.
Let's take one thing that's suppose to be the savior for the American consumer of oil, ethanol! Do you realize how much energy and how much water it takes to make corn to get ethanol? It's very expensive, so they subsidize the farmers! Then they can sell it at a cheaper price so it looks really, really good. Well, in 2007 they had a bumper crop on corn, so much that it reminded me of ancient Egypt where Joseph had to just stack it on the ground. That's what they've done in the Midwest. They have mountains of corn! They can make ethanol, but guess what they are discovering? Ethanol pollutes the air worse than the petroleum!
What has it done to the price of corn? It's gone out of sight! What has it done to the price of wheat? Plus some other things? The world's wheat supply is threatened because of a virus, a rust. Think what could happen. Remember, we're getting close to seven billion people on the earth. That's a lot of mouths to feed. That's a lot of food to grow.
Someone somewhere has to plow, plant and harvest and bring to market and make enough money on it so that it's worthwhile to do. That's going to backfire!
Isaiah 25:7: "And He will destroy in this mountain the face of the covering, which covers all people, and the veil that is woven over all nations." Tie that in with:
Revelation 12:9: "And the great dragon was cast out, the ancient serpent who is called the Devil and Satan, who is deceiving the whole world; he was cast down to the earth, and his angels were cast down with him." He has cast a pall of deception upon this world.
I remember in 1966 when we lived in Salt Lake City that we could buy gasoline at 23.9 cents a gallon. It's up well over 12 times that now, but of course, 'there's no inflation.' We are assured that by the government.
Two things happened on the commodity market that is very important to understand: Gold reached $879 and ounce before it was pushed back down to about $860 an ounce. But if this were in terms of 1978, which was the last record at $850 an ounce, it should be right around $4,000 an ounce.
Let's look at oil, because oil is what makes the world around. Remember that the higher the price of oil goes, the richer our enemies become. Consider who rescued Wall Street in 2007: the Arabs and Chinese by buying positions in major companies.
What is it going to be in the future; what are you going to do when gas is $5/gallon. So, here is the headline:
report from Money and Markets, Sean Brodrick; Oil at $150 a Barrel in 2008 (https://www.moneyandmarkets.com/oil-at-150-a-barrel-in-2008-4-9361)
It tells about some the reasons why it was going to happen.
In 2008, we're going to hit an important milestone. In the New Year the world is going to start using oil at a rate of more than 1,000 barrels PER SECOND!
According to the International Energy Agency, global oil demand will average 87.8 million barrels per day (bpd) in 2008, up from 85.7 million bpd in 2007. At 87.8 million bpd, we'll use 1,016 barrels per second—a sonic boom of energy use.
What we have done, we have expanded the great American way to the whole world. So, they're consuming the same way we have been.
I also think 2008 is going to be the year we finally see triple-digit oil prices. More on that in a moment. First…
The White House Is Stockpiling
Oil! The Question Is, "Why?"
So, he asks, why are they doing that? Do they know something we don't know? When you consider the oil connection between Bush family, you might put two and two together. Follow the dots. They have increased it to 70,000 barrels a day. Then it shows a chart that how almost every year when you come to September, the price of oil starts going down. In 2007 it didn't, it went straight up!
In other words, America is so hooked on oil that higher prices aren't weaning us off our addiction.
It's not an addition; it's a necessity! What they should have done five years ago is got on a crash program to setup hydrogen stations everywhere and be able to convert the cars over to hydrogen and then that would do several things:
- it would save the environment because pollution would only come out as water
- you can make hydrogen by a process of taking it from the air
That would preclude the use of oil. Of course, we've been sabotaged by the eco-freaks because they won't let the Americans drill off the coast, so now we have the Chinese and the Brazilians doing it. All of those things show that there is a covering, a pall of deception and lying that the American people are under at the present time.
That Means We're More Vulnerable Than Ever to an Interruption of that Oil Supply!
Who is the biggest producer of oil in the world today? Saudi Arabia! Where does the hotbed of terrorists come from? Saudi Arabia!
They have intercepted terrorists who are blowing up the pipelines. Think of what would happen to the price of oil if they simultaneously blew up the major pipelines in Saudi Arabia, Iraq and the United Arab Emirates all at the same time on the same day? You would see oil jump to $6-800/barrel!
America is the world's largest consumer of oil, guzzling more than 7.5 billion barrels per year. We import more than half the oil we use, and that amount is rising.
More than 81% of the world's discovered and useable oil reserves come from just 10 countries. And 30% of the world's oil is in three of those countries—Iraq, Kuwait and Saudi Arabia.
Now you know why we are in Iraq. People said that it was for oil; well, it is for oil and it also is for control of the Middle East—both.
(go to the next track)
They know that up in Alaska there's enough oil to serve America for over 200 years, but they deliberately know that they want to get the price up to abut $100-150/barrel, hopefully $200, if they can, as some have testified.
One of the things that they have convinced people of is that oil comes from dinosaurs. Where do you find dinosaur bones? Near the surface! Are there any oil wells there? No! Oil is made because of the heat in the earth, and oil is constantly being produced, and every honest geologist will tell you that. Oil wells, though they deplete, given a rest they will rejuvenate. They have found that to be true in different oil wells.
So, this is not only a satanic deception, but it is also a part of the whole economic system that Satan has set up. If you want to know who works for Satan, who worships Satan, all you have to do is look at the great rich people of the world, who run the world, and you know that they fulfill what Satan told Jesus to do: that if He [Jesus] would worship him [Satan] he would give Him all the kingdoms of the world! So, there you have it! That's a summary to look at.
Now let's look at some other things here that's important for us to realize and the way that things are going to take place.
Here are three forces that are going to squeeze the price of the oil even higher. It's going to be made to look like it's occurring naturally, but a lot of this is also manipulated. Just like here in America, they won't allow oil to be produced here in America, and they won't allow uranium generation of electricity, but they will allow American companies to build all the uranium generators in France that produces 83% of their electricity.
A lot of these things look natural, but a lot of them are manipulated. So, not all that meets the eye is what is actually taking place. Here are the forces that are driving it:
continuing with:Oil at $150 a Barrel in 2008:
Here Are Three Forces That Will
Squeeze Oil Prices Even Higher
Force #1: A Thirsty World. Despite economic storm clouds on the horizon in the U.S., the global economy is growing at about 4.5% per year. From Brazil to Singapore, business is booming and incomes are rising.
The world's population is trading bicycles for cars, and global oil demand can't keep up….
Well, they could if they wanted to.
…With 14,000 more cars on the road each day, China's oil demand alone is expected to rise at least 5% this year, according to the IEA.
Force #2: Slipping on the Oil Field Treadmill. The IEA has more gloomy news for us: We're getting between 3% and 4% LESS out of existing oilfields every year….
That's not exactly true, because a Saudi Arabian said, 'We could increase the supply by 500,000 barrels more a year just for us.'
Force #3: Oil Exporting Nations Need More of Their Own Product.
That is true, but how much can Saudi Arabia consume even if everyone owned ten cars?
All of these events are there to drive the economics of what's going on, and also all of these things means more control. Let's look at the ultimate economic goal that is stated in Rev. 13, which is the mark of the beast!
That has had a little setback because they've been running… We'll just divert here just a little bit. Let's refresh our memories about the mark of the beast.
Sidebar: I saw a report on the business channel about identity theft. Why don't the banks do something about identity theft? It costs them too much money to police it! It costs them less money to write it off. They don't care if your credit is ruined.
I talked to a man and he was convinced that one of the false prophets within the Church of God, and of course, in order to deceive the elect, what does Satan want to do? He wants to get false prophets within the Church, because people will believe them, because, 'after all, they are a minister of God.' He was convinced that the Tribulation was going to start in the spring of 2008. We might have had economic troubles, we might have had problems and difficulties. I asked him, 'Are you on our mailing list?' Yes! 'Do you get our sermon messages? Yes! 'Did you listen to the one where there had to be a King of the North and a King of the South before the Tribulation can begin? OH!
There has to be a King of the North and a King of the South. I said, 'You need to prove all things.' Here's another thing that has to take place. One of the things that has setback the mark of the beast a bit is… Remember the little chip that they put in the left shoulder. What did they say when they came out with the Digital Angel? Oh, this is not the mark of the beast because it's not in the right hand or the forehead, it's in the left shoulder!
Well, they've taken that little chip and they have put it in mice. Guess what happens in mice with that little chip? They develop a fast-growing cancer! This is temporary setback because they need to get it in such a form that it's not going to produce that kind of thing. But here is what all of this economic upheaval is going to lead to:
Revelation 13:16: "And he causes all, the small and the great, and the rich and the poor, and the free and the bond, to receive a mark in their right hands, or in their foreheads so that no one…" (vs 16-17).
It's inclusive of everyone. They want to have a worldwide banking system that will bring everyone into the same system. They won't have to have money, gold or silver, but you will have a mark, identity. That takes care identity theft, knowing who you are, where you are, where you've been, etc. Wait until you hear some of the things they have in store for mind control! That will make your hair stand on end!
"…so that no one may have the ability to buy and sell unless he has the mark, or the name of the beast, or the number of his name" (v 17). That involves buying, selling, being involved in the governmental system approved by the government, or being part of the government.
Verse 18: "Here is wisdom. Let the one who has understanding count the number of the beast; for it is a man's number, and his number is 666."
What do the three sixes stand for? It will label the man and it will label the system! But one six has got to stand for the perfection of man without God, under Satan. The other ones have to do with religion and the third one has to do with economics; the best of man's system personified by 666. When it gets down to numbering the man, that is true, it will be!
Let's talk about economics and what happened when they had all the flurry with the sub-prime loans and what they did.
Go back and do a little history on the formation of the Federal Reserve Bank and you will see that it was foisted upon the nation without any real approval by congress, though on the record it does look like it was approved by congress.
With the downturn in the stock market and the near collapse of the Northern Rock Bank in England, very important. For the sub-prime market, we need to understand that most of them are based upon the London Index of Bank Rates (LIBR). There's also one in Europe.
All of these variable loans for these high-cost houses, especially in California, were funded by. A lot of them were with nothing down. People could go in and buy a $600-700,000 house with nothing down! They could put on there the stated income. I invite you do some research on the Fed. Reserve and you will see that in America in 1913 under Woodrow Wilson, under the advice of Col. House, the Federal Reserve came in and also the income tax came in. There's a book called The Creature of Jekyll Island by G. Edward Griffin.
Where does the Fed. Reserve get its money? It is not a government agency! Congress is supposed to be the one that authorizes the coinage and printing of money. But they have delegated that to an independent commercial bank with the name: Federal Reserve. It has no federalism to it, and it's not a honest bank in the first place.
But nevertheless there are central banks all connected around the world, run on the same basic principle. Where does the Federal Reserve get its money? It creates it virtually out of thin air! Same way with the government.
Sooner or later this deceptive house of cards comes to an end, and the sub-prime housing industry is what has done it. They scrambled and cut the rate of interest and they have infused money into the system!
Here are some things that are really going to stand your hair on end, because if could lead to inflation very similar to what happened before Hitler came into power in Germany in the 1930s.
from the Telegraph: Crisis may make 1929 look a 'walk in the park' (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2821629/Crisis-may-make-1929-look-a-walk-in-the-park.html)
This is why I've been saying for years, get out of debt as much as you can.
As central banks…
this means worldwide
…continue to splash their cash over the system, so far to little effect. Ambrose Evans-Prichard argues things could rapidly be spiraling out of their control.
Twenty billion dollars here, $20-billion there, and a lush half-trillion from the European Central Bank…
That's going to have a effect on the euro, so the Euro is going to have to come down here pretty soon because of it.
…at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meager or fleeting effects.
As the credit paralysis stretches through its fifth month, a chorus of economists has begun to warn that the world's central banks are fighting the wrong war, and perhaps risk a policy error of epochal proportions.
When it's all based upon marginal lending from nothing, sooner or later something is going to happen.
"Liquidity doesn't do anything in this situation," says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression.
"It cannot deal with the underlying fear that lots of firms are going bankrupt….
How many businesses are just barely making it?
…The banks and the hedge funds have not fully acknowledged who is in trouble. That is the critical issue," she adds.
What is a hedge fund? To setup to bet on future results either up or down.
Lenders are hoarding the cash, shunning peers as if all were sub-prime lepers. Spreads on three-month Euribor and LIBR—the inter-bank rates used to price contracts and Club Med mortgages—are stuck at 80 basis points even after the latest blitz….
What does that mean? The bank comes up and says, I've got all of these bad loans and they have a face value of $100-million! Now, because of the problems that they have, the face value is only $80-million; they've lost 20%. The losses are going to be even more. What happens? They say they've got to tighten this down.
…The monetary screw has tightened by default.
York professor Peter Spencer, chief economist for the ITEM Club, says the global authorities have just weeks to get this right, or trigger disaster.
"The central banks are rapidly losing control. By not cutting interest rates nearly far enough or fast enough, they are allowing the money markets to dictate policy. We are long past worrying about moral hazard," he says.
The Bank of England knows the risk. Markets director Paul Tucker says…"We must try to avoid the vicious circle in which tighter liquidity conditions, lower asset values, impaired capital resources, reduced credit supply, and slower aggregate demand feed back on each other," he says.
That's what's happening in the market now at the time of this report. Can they stop it? That's the whole thing they're worried about. To turn back the "adverse self-reinforcing dynamic," which can happen.
What is the Federal Reserve allowed to do when all else fails? We are getting close to this:
Section 13 (3) allows the Fed to take emergency action when banks become "unwilling or very reluctant to provide credit."….
They're the only ones allowed to make money out of thin air.
…A vote by five governors can - in "exigent circumstances"—authorize the bank to lend money to anybody, and take upon itself the credit risk. This clause has not been evoked since the Slump.
This means that when you hear that the central banks are backing up all of this bad debt and taking it as collateral, that this is the last step before a total economic collapse. Of course, eventually, as we pointed out, they want an economic collapse, but they don't want it so disastrous that they lose everything. They want to control it so that they can switch over later to the mark of the beast.
Yet, still the central banks shrink from seriously grasping the rate-cut nettle. Understandably so. They are caught between the Scylla of the debt crunch and the Charybdis of inflation….
If inflation is 13% a year and you have loans that are paying you 1%, what is happening? You're losing 12% on your money! But temporarily, since they can create money out of thin air, they can make it work. But this is where it is, and it comes down and affects he average person.
Then it talks about what happened in Japan; they were in the same thing and in stagflation for 15 years. They loaned money at 0% and still couldn't get people to borrow it. So, we have lots to look at. We still have a lot to look at financially, and please remember that this is not going to trigger the Tribulation, this is going to bring America down.
Deut. 28 is something we're going to see again and again. What you see is that because Israel has turned their back on God, these things cumulatively come. Now let's concentrate on some of the social things, medical things:
Affects of the Whole Society:
Deuteronomy 28:15: "And it shall come to pass, if you will not hearken to the voice of the LORD your God…" Listen and act upon!. Listen is not a strong enough word today, because you can be listening to something, but you're not acting upon it.
"…to observe and to do all His commandments and His statutes which I command you today, all these curses shall come upon you and overtake you."
Let's understand that this builds to a certain point and then it starts happening. All of these things take place step-by-step, each one of them giving the people an opportunity to change their ways. Notice where it starts:
Verse 16: "Cursed shall you be in the city…" As I read this I want you to think about every city that you know of in America:
- What is the crime rate?
- What is the theft rate?
- What is the illegitimacy rate?
- What is the divorce rate?
"…and cursed shall you be in the field" (v 16)—because we forced the ground. Artificial fertilizers, insecticides, genetic engineering. You might look up Seeds of Deception by Jeffrey M. Smith. It shows what's happening with the engineering of all the seeds. By the way the world's wheat supply is now being threatened. Remember, everything that we have to live and survives comes out of the ground.
Verse 17: "Cursed shall be your basket and your store. Cursed shall be the fruit of your body, and the fruit of your land, the increase of your livestock, and the flocks of your sheep. Cursed shall you be when you come in, and cursed shall you be when you go out" (vs 17-19)—cumulative.
How are these curses going to come. Let's think of the next thing. People want to know why are all these things happening? Why can't the politicians straighten it out? Here's a principle never to forget: you can never solve spiritual problems by political means! It all begins with the individual with repentance.
Verse 20: "The LORD shall send on you cursing, vexation, and rebuke in all that you set your hand to do until you are destroyed, and until you perish quickly, because of the wickedness of your doings by which you have forsaken Me."
Go back and read the books of Joshua, Judges, 1st & 2nd Kings, 1st & 2nd Samuel and see what happened. Did God bring this about? Yes, this is true, it's happening! Has it been happening for a long time in American and Britain? Yes, indeed! The reason is because you've forsaken God!You can fill the churches with people and still leave out God and repentance!
If you don't believe that is true, watch Joel Osteen some Sunday morning. Everything is 'good, wonderful, nice'; rarely, if ever, a call to repentance. Oh, a mention of it once in a while, but he is positive, and that fulfills a prophecy that Israel loves to have smooth things preached to them, nice things preached to them. They don't like to hear these things, because this is a downer. Nevertheless, is this reality? Is this true? Is this what is happening? Yes!
Verse 21: "The LORD shall make the pestilence cling to you…" What was the greatest issue in the Obama election? Healthcare! And they've got it all wrong! They need to be taught how to take care of themselves, not to provide medicines when they've sat around and let their bodies all clog up and get sick, and then you have a medicine to make you well.
"…until He has consumed you from off the land where you go to possess it. The LORD shall strike you with lung disease and with a fever, and with an inflammation, and with an extreme burning, and with the sword, and with blasting, and with mildew. And they shall pursue you until you perish" (vs 21-22).
Just take consumption, fever and inflammation, write down those three words and just set them right next to your television and watch the medical ads that come on.
Verse 23: "And your heavens over your head shall be bronze, and the earth that is under you iron." Of course, with the blasting and the mildew you have drought and then you have rain; you have fire and then you have rain.
Verse 25: "The LORD shall cause you to be stricken before your enemies…. [Sound familiar?] …You shall go out one way against them, and flee seven ways before them. And you shall become abhorrent unto all the kingdoms of the earth."
The way to win the war on terror is not to go out and kill everyone you can find, because for everyone you kill, it's like trying to stamp out a virus. Whenever you hit it, it spreads even further. So, for everyone you kill, ten more take their place. This describes it a little better for us:
Leviticus 26:3: "If you walk in My statutes and keep My commandments and do them, then I will give you rain in due season, and the land shall yield her increase, and the trees of the field shall yield their fruit. And your threshing shall reach to the vintage, and the vintage shall reach to the sowing time. And you shall eat your bread to the full and dwell in your land safely. And I will give peace in the land, and you shall lie down and none shall make you afraid. And I will cause evil beasts to cease out of the land; neither shall the sword go through your land" (vs 3-6). All the things we want!
Now, militarily, v 7: "And you shall chase your enemies, and they shall fall before you by the sword. And five of you shall chase a hundred, and a hundred of you shall put ten thousand to flight. And your enemies shall fall by the sword in front of you, for I will have respect to you, and make you fruitful, and multiply you, and establish My covenant with you" (vs 7-9).
If we don't do that, v 14: "But if you will not hearken to Me and will not do all these commandments, and if you shall despise My statutes, or if your soul hates My judgments… [which they do] …so that you will not do all My commandments, so that you break My covenant; I will also do this to you: I will even appoint over you terror, consumption, and burning fever, consuming the eyes and causing sorrow of heart. And you shall sow your seed in vain, for your enemies shall eat it. And I will set My face against you, and you shall be slain before your enemies. They that hate you shall reign over you. And you shall flee when none pursues you" (vs 14-17).
Next time there's a warning because of possible terrorist attack and it doesn't happen, and everybody flees—direct fulfillment!
Verse 18: "And if you will not yet, for all this, hearken to Me, then I will punish you seven times more for your sins. And I will break the pride of your power…" (vs 18-19)—which is the dollar and the military. What is the war we're fighting? The war on terror!
The only way to turn back the hand for a while would be for mass national repentance. Then God says our enemies would be at peace with us.
Here's the process that's going to happen. The reason why I covered these things economically. Remember that every dollar that is spent for oil or that goes out in loans or whatever, goes to our enemies. The one who controls the money controls the country or the world.
Deuteronomy 28:43: "The stranger dwelling among you shall get up above you very high, and you shall come down very low." A process! It doesn't happen overnight. It reaches a point… We are, however, at the tipping point where this is going to be more and more evident.
Verse 44: "He shall loan to you, and you shall not loan to him. He shall be the head, and you shall be the tail." A process!
Let me mention here the process for what's going to happen with the King of the South and the King of he North. The system must be setup first. The whole structure must be there and then the Kings of the South and North will appear. So, there's a lot more to be done. This whole process right now fits in with vs 43-44. That's what's happening step-by-step-by-step.
The whole reason is this. Think about this as a nation. Think about how when we were back there and the nation began, how much everyone in general relied on God, trusted in God. Think about how today where people
- don't want to hear about God
- don't want to hear about Christ
- don't want to hear about obedience
All they want to have is the things and the good times, and no condemnation for any sin. You can accept any religion, any 'god' anything you want to do. God says that the reason these things are coming is:
Verse 47: "Because you did not serve the LORD your God with joyfulness and with gladness of heart for the abundance of all things." That's quite something!
- yes, we say in God we trust
- yes, we say one nation under God
But that's not so!
Verse 48: "Therefore, you shall serve your enemies… [a process] …which the LORD shall send against you…"
If you look a the hordes coming over the southern border, they're here in our midst. Right now the enemy within… They're even talking about this on the nightly news. Add all of this together:
- all the promiscuity
- all the adultery
- all of the homosexuality
- all the drugs
- all the lying, cheating, stealing
- everything that just pervades the society
Know that God is going to judge for it!
Also understand how the Church of God fits into his equation. The Church of God fits in from this point of view:
We have got to, in this evil world, be the light of the world and the salt of the earth! You need to think about the state of the Churches of God. So, those within the Church of God who also follow what is going on in the world, instead of following God or some weird thing out here, or some man running down the road proclaiming he's this, that or the other. You're also accelerating the process, because the only thing that is left in America that God looks upon that is really a redeeming point is what the Churches of God are doing. Are they really serving God? How are they serving God?
We need to consider all of that. So, as you see these things happening, just know for sure that we have got to stay close to God, ask for:
- wisdom
- protection
- understanding
- take care of your health
- take care of your finances
- love God
- love the brethren
The time is coming when those things are going to be few and far between.
All Scriptures from The Holy Bible in Its Original Order, A Faithful Version
Scriptural References:
- Revelation 18:2-3, 9, 11-13
- Ezekiel 27:32-36
- Ezekiel 28:16-18
- Proverbs 22:7
- Proverbs 20:14
- Isaiah 25:7
- Revelation 12:9
- Revelation 13:16-18
- Deuteronomy 28:15-23, 25
- Leviticus 26:3-9, 14-19
- Deuteronomy 28:43-44, 47-48
Also referenced:
Articles:
- Money and Markets, Sean Brodrick; Oil at $150 a Barrel in 2008 (https://www.moneyandmarkets.com/oil-at-150-a-barrel-in-2008-4-9361)
- Telegraph: Crisis may make 1929 look a 'walk in the park' (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2821629/Crisis-may-make-1929-look-a-walk-in-the-park.html)
Books:
- The Creature of Jekyll Island by G. Edward Griffin
- Seeds of Deception by Jeffrey M. Smith
FRC: bo
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