"God said, Let us make man in our image, after our likeness. So God created man in his own image, in the image of God created he him; male and female created he them."
Male And Female Created He Them
Greetings. God told Jeremiah the prophet, "Before I formed thee in the belly I knew thee; and before thou camest forth out of the womb I sanctified thee." (Jeremiah 1:5) Paul told the Ephesians that; "According as he hath chosen us in him before the foundation of the world." (Ephesians 1:4) God knew His children before they were even physically born.
When His children were born, they were born after the likeness of God, male and female, with a body that God Himself had personally designed and felt He had done a very good job with- His creation. Not just good, but very good. "And God saw every thing that he had made, and, behold, it was very good." (Genesis 1:31)
King David, in Psalm 139, said; "I will praise thee; for I am fearfully and wonderfully made: marvellous are thy works; and that my soul knoweth right well."
The first article below deals with a subject we have dealt with previously, "Transhumanism". One of the most important goals of the transhumanist movement in simplistic terms, is the hope of making mankind, or those who are deemed worthy, immortal through genetic engineering. This would include introducing non human genes into the human genome system.
This was of course the initial idea God had in the first place, immortality, when He created Adam and Eve in the Garden of Eden but they broke the agreement by eating of the tree of the knowledge of good and evil.
Thankfully God did make a way to reconcile things through God the Son, Jesus, who became our mediator and reconciled us back to God and back to eternal life.
What the transhumanists are attempting to do is to attain eternal life without the mediation of Jesus Christ. The Bible says; "He that entereth not by the door into the sheepfold, but climbeth up some other way, the same is a thief and a robber." (John 10:1)
Paul said in Philippians 3, that; "We look for the Saviour, the Lord Jesus Christ: Who shall change our vile body, that it may be fashioned like unto his glorious body." (Philippians 3:20-21)
In the book of Job, chapter fourteen, Job said; "If a man die, shall he live again? all the days of my appointed time will I wait, till my change come." (Job 14:14) So Job talked about his change that was coming.
Paul, of course, talked about a major change that was coming that involved God's children and their bodies.
" "Behold, I shew you a mystery; We shall not all sleep, but we shall all be changed,
In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed.
For this corruptible must put on incorruption, and this mortal must put on immortality. So when this corruptible shall have put on incorruption, and this mortal shall have put on immortality, then shall be brought to pass the saying that is written, Death is swallowed up in victory." (1 Corinthians 15:51-54)
Now that's a big change. In fact, that is a change that all of God's children have been waiting and looking forward to all the way back to the oldest book in the Bible 'Job'.
Transhumanists and true believers could not be more diametrically opposed in their belief systems. Transhumanists look at Christians as roadblocks in their quest of obtaining eternal life through the manipulation of the genome system.
Incidently, " The human genome is the genome of Homo sapiens, which is stored on 23 chromosome pairs. More than 98% of the human genome does not encode protein sequences,", this used to be referred to as "junk DNA" because scientists could not find any purpose for its use.
Well, we know God did not create us with junk DNA. Speculating, who is to say He couldn't possibily reactivate some or all of the DNA "in a moment, in the twinkling of an eye, at the last trump".
We hope you find the articles and videos below informative. The first article is a little long but very enlightening concerning the transhumanist movement.
If you haven't already received Jesus as your Saviour, now would be a good time to do so, so you will be ready to make the change when the time comes.
Secret U.S. experiments to prompt 2nd Coming?
'It's the destruction of humanity and introduction of 'its' and 'things' that will make war against God'
Posted: August 21, 2011
By Joe Kovacs
Are men and women about to become superhumans who could hasten the 2nd Coming of Jesus?
Is mankind's quest for knowledge, power and longer life about to backfire and wipe human beings off the face of the Earth?
Secret experiments now underway in the U.S. and elsewhere are sparking fears of a potential extinction-level event hastening the 2nd Coming of Jesus.
For decades now, there have been science-fiction stories portraying a future filled with spectacular abilities for people, where the definition of what makes someone a human being is blurred by blending high technology and even animal traits into the human body.
In the 1970s, TV's "Six Million Dollar Man" featured Lee Majors as a critically injured astronaut rebuilt by the government to "make him better than he was - better, stronger, faster."
In 1982's classic film "Blade Runner," Harrison Ford portrayed a futuristic cop who falls in love with a genetically engineered female "Replicant" while he looked to kill renegade androids seeking immortality.
Since then, there's been no shortage of tales with similar themes, from "Dollhouse" and "The Terminator" to "Spider-Man," "Splice" and "The Matrix."
And with major advances in technology in recent years, science fiction of the past could become science fact of our immediate future, with human minds connected wirelessly to computers and bionic bodies outperforming top athletes by leaps and bounds. That prospect has some sounding alarm bells about the fulfillment of End-times Bible prophecy and the possible vanishing of mankind through global warfare, disease, starvation or even - as strange as it sounds - replacement by other entities.
Find out the startling evil taking place in secret that's looking to change what it means to be a human being. Watch the eye-opening DVD, "Trans-Humanism: Destroying the Barriers"
At the center of the debate is what is known as "transhumanism," a term often used synonymously with "human enhancement."
Basically, it's a sort of regenesis, altering human bodies - genetically, mechanically or both - to make them better than they've been for thousands of years, affording them Superman-style abilities in both brains and brawn.
It's sometimes described by futurists as being "posthuman," what they believe is the next step in the evolutionary process.
Harrison Ford romances a human-facsimile "Replicant" played by actress Sean Young in 1982's "Blade Runner."
Nick Bostrom, an Oxford University philosophy professor and director of the Future of Humanity Institute, says many transhumanists wish to follow life paths which would, sooner or later, require growing into posthuman persons who have a form of eternal life.
"They yearn to reach intellectual heights as far above any current human genius as humans are above other primates," says Bostrom on a frequently-asked-questions page.
He says transhumanists want "to be resistant to disease and impervious to aging; to have unlimited youth and vigor; to exercise control over their own desires, moods, and mental states; to be able to avoid feeling tired, hateful, or irritated about petty things; to have an increased capacity for pleasure, love, artistic appreciation, and serenity; to experience novel states of consciousness that current human brains cannot access. It seems likely that the simple fact of living an indefinitely long, healthy, active life would take anyone to posthumanity if they went on accumulating memories, skills, and intelligence."
High on technology
With that in mind, scientific breakthroughs seen as beneficial to mankind are often trumpted with great fanfare in the media.
Just this month, for instance, a tiny, high-tech, electronic body monitor resembling a temporary skin tattoo was a top story on news sites worldwide including the popular Drudge Report.
Resembling a skin tattoo, the Epidermal Electronic System (EES) consists of circuits which could contain electrodes to measure brain, heart and muscle activity, transmitting data wirelessly.
"What we are trying to do here is to really reshape and redefine electronics to look a lot more like the human body, in this case the surface layers of the skin," said John Rogers of the University of Illinois at Urbana-Champaign. "The goal is really to blur the distinction between electronics and biological tissue."
Meanwhile, IBM just unveiled an experimental computer chip it says mimics the human brain in that it perceives, acts and even thinks.
Additionally, researchers at Cambridge University created the first-ever animal with artificial information in its genetic code.
"The technique, they say, could give biologists 'atom-by-atom control' over the molecules in living organisms," the BBC reported. "What makes the newly created animals different is that their genetic code has been extended to create biological molecules not known in the natural world."
And 14-year-old British car-racing fan Matthew James made heartwarming headlines when he was given a state-of-the-art, cyborg-style hand and forearm at no charge in exchange for advertising.
"It is just amazing," James told the Daily Mail. "My old artificial hand had a pretty basic open-close mechanism similar to a clamp. But with this one I can do everything. It also looks really cool - the outer-shell is see-through so you can actually see the mechanics working."
Research and destroy
But behind closed doors, there is more sinister genetic tinkering taking place, and that has some voicing grave concern.
Among them is author and researcher Tom Horn, who stars in "Trans-Humanism: Destroying the Barriers," an hourlong DVD exploring the radical transformation of humanity.
He suggests people, as we now know them, are in the process of a man-made redesign in order to make them superbeings or even non-human entities.
"In terms of what transhumanists are aspiring to do through the use of these new sciences - biotechnology, nanotechnology, neuropharmacology," Horn says, "what they may do is lead us literally into the fulfillment of biblical prophecy."
Horn cites concerns by the likes of Stanford political scientist and author Francis Fukuyama, who reviewed emerging fields of science and the philosophy of transhumanism.
"He wrote a white paper in which he considered the combination of those two to probably be the most dangerous science and technologcial and philosophical concepts in the history of mankind which he believes could very quickly lead to an extinction-level event," Horn says.
Horn claims the effort to transform humans into a different style of being is now being fast-tracked with billions of dollars.
"One of the first things that President Obama did at the executive level as soon as he became president," he says in "Trans-Humanism," "[is] he overturned restrictions that had been put in place by President [George W.] Bush which would have prohibited federal dollars, American taxpayer money, flowing in to pay for experiments to be done on human-animal chimeras (combinations) and other forms of science such as stem-cell sciences - which is also important to the transhumanist movement.
"But what most of the public doesn't realize is when we're talking about stem-cell sciences, we're almost always talking about the creation of a human-animal chimera from which those stem cells are being derived. But now, tax dollars in the United States from the federal level are flowing into thousands of laboratories."
In 2006, the U.S. Department of Health and Human Services even provided $773,000 to Case Law School in Cleveland for a two-year project to develop legal standards for tests on human subjects in research involving genetic technologies to enhance "normal" individuals - to make them smarter, stronger or better-looking.
"It's obvious that many of the genetic-based techniques used for diagnosis and treatment can also be used for enhancements," Prof. Max Mehlman said at the time. Strangely, says Horn, no public statements on the school's conclusions have been forthcoming.
Worthy of appaws?
As researchers have focused on blending animal attributes with human characteristics, the Reuters news agency published a report in 2009 in which scientists admitted their comfort with a "50/50 mix." - - "The public mostly is still under the impression that this is being done at the embryonic level, and that the amount of human DNA in a transgenic animal is so minute as to be excusable," says Horn.
"But where they want the debate to go now is, 'Can we raise these to full maturity in the public's knowledge and experiment on part-humans, part-animals that are fully grown?' And by admitting that that's now where they want the public to be comfortable with this research, they also said that they knew that there are some rogue scientists out there that are not operating with federal dollars, and they're getting ahead of them in this technology and it could even become a new kind of a weapon of mass destruction. It could, at a minimum, become a molecular biological nightmare."
But why is there such a strong push for animal traits?
It might be desirable for some, says Horn, because, "Animals can also see into areas of the light spectrum that we cannot see into, and that is viewed in transhumanism as a future benefit and even one of the causal reasons we would want to merge ourselves with the animal kingdom so that we can open these new modes of perceptions into realities that right now we are blinded to."
Such abilities could provide a huge military advantage, and Horn says for more than a decade, the U.S. Defense Advanced Research Projects Agency, or DARPA, has been pouring billions into research for what it calls "the extended performance warfighter," also known as "supersoldier" technology. - - "The interesting parts about the extended performance warfighter is that it even includes literally altering the DNA of soldiers," he says.
Some fear soldiers fighting future wars will be genetically enhanced to have some characteristics of animals in their DNA. (Image: Trans-Humanism DVD)
DARPA calls its project "BioDesign," and in its 2011 budget, the agency explains it "eliminates the randomness of natural evolutionary advancement primarily by advanced genetic engineering and molecular biology technologies to produce the intended biological effect."
Horn says the real purpose has to do with immortalism. - - "DARPA has an interest in figuring out how to get around the decaying process of cellular life, and they use the term creating an immortal organism," he explains. "But it's more than just an organism. They consider it to be potentially a lethal force that can be used in military application.
"Wired Magazine actually referred to it as a living, breathing creature. And DARPA admits that the force of this living creature, this immortal organism, could be so potent that it ought to also have what they call a 'kill switch' introduced into its organism so that in case it gets out of hand, we could throw the switch and stop it, or if it became available to our enemies, we could throw the switch and stop it."
Horn says top minds at the Pentagon are marching humanity in this direction, even if it's meant for self-defense.
"They were talking about this kind of technology in the hands of our enemies, and what they were saying was, 'We have to get at the forefront of this technology,'" he explains. "See, this is how we're going to be forced into this. It's not a matter of whether we should or whether it's ethical. We have to do it, because if we don't, our enemies will, and then they're going to subjugate us to their will."
In the summer of 2008, Rep. Brad Sherman, D-Calif., chaired a House Foreign Affairs subcommittee focusing on the diplomatic and security implications of the spread of "genetics and other human-modification technologies."
Journalist Mark Stencel covered the hearing for Congressional Quarterly (now known as Roll Call), and seemed surprised at the topics discussed, as he reported:
In some ways, the testimony sounded more like a Hollywood pitch for a sci-fi thriller than a sober discussion of scientific reality and diplomatic policy - with talk of biotech's potential for creating supersoldiers, superintelligence and superanimals, as the chairman put it. Witnesses mused about the convergence of nanotech, biotech, computers and cognitive science, with one warning that new applications could "put agents of unprecedented lethal force in the hands of both state and non-state actors."
There were discussions of genetic discrimination, eugenics and the civil rights of humans and animals whose intelligence might be enhanced or whose genes might be altered or integrated to the point that definitions become tricky. And witnesses warned of a genetic divide, in which enhancements would go only to the most privileged societies or individuals.
And if all this weren't enough to dazzle you, Horn says some transhumanists have a keen spiritual interest, and studies are already underway to determine if human beings can now or eventually communicate with occupants of the unseen world.
"The Sophia Project" at the University of Arizona, for instance, declares it is investigating "the experiences of people who claim to channel or communicate with deceased people, spirit guides, angels, other-worldly entities / extraterrestrials, and/or a universal intelligence / God."
In that light, Horn says some transhumanists desire animal traits since they suspect some creatures are aware of dimensions presently invisible to human eyes. He cites the Old Testament account of Balaam striking his donkey which refused his guidance because the animal saw the angel of the Lord, though Balaam couldn't see the angel until his eyes were supernaturally opened.
Eat, drink and be wary
Horn points out just one the dangers of combining human and animal DNA is the potentially toxic effect it could have on our food supply.
"Very quickly we could have a human form of Mad Cow Disease," he says. "If you're sitting in a restaurant eating goat cheese that contains human DNA, we don't know what the impact of that is going to be on a human. We certainly know what it did to cows and the kinds of brain diseases it created in them when they were eating their own DNA."
From the early 1990s through the end of 2010, more than 184,500 cases of Mad Cow Disease had been confirmed in the United Kingdom alone in more than 35,000 herds, according to the U.S. Centers for Disease Control.
Controversy over genetically altering the food we consume has made major news in recent years.
A world-renowned scientist, Hungarian-born Arpad Pusztai, caused a firestorm in 1998 when his research reportedly showed eating genetically modified potatoes can stunt the growth of laboratory rats, harm brain development and damage the immune system. Though not a campaigner on either side of the so-called "Frankenfood" debate, he indicated if given the choice, he would not eat the modified potatoes. - - "I find it's very unfair to use our fellow citizens as guinea pigs," said Pusztai, who spent 36 years at the prestigious Rowett Institute of Nutrition and Health, part of Scotland's University of Aberdeen. - - Though his remarks prompted his forced retirement, Pusztai in 2008 told Britain's Guardian newspaper he felt it was his duty to speak out "just to inject some caution into this business." - - "Make no mistake, this is an irreversible technology," Pusztai said. "It is no good 50 years later to say: 'We should have known.'"
This is the End?
The possibility of humans eradicating their own existence through technological advancement has some Christians cracking open their Bibles to see what Scripture has to say on the matter.
The 24th chapter of the Book of Matthew is often cited, as Jesus talked specifically about the end of the current human age, saying, "For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be. And except those days should be shortened, there should no flesh be saved: but for the elect's sake those days shall be shortened." (Matthew 24:21 - 22)
Britt Gillette, the Virginia-based Christian publisher of End Times Bible Prophecy, has been studying transhumanism in the light of Scripture, and says:
Taken in its original context, Jesus did not necessarily say that unless those days are shortened, "humanity will not survive." Instead, he said unless those days are shortened, "no flesh will survive."
If the transhumanist movement suceeds in transforming the human race into a race of "posthumans" who no longer need flesh covered bones to survive, then these words of Jesus take on an entirely different meaning.
And it doesn't take an illogical leap of faith to draw this conclusion.
After all, it seems reasonable to assume that humanity will have to undergo some sort of radical transformation in order to plot a war against God Almighty. The arrogant impulse already exists. All that remains is the need for an exponential increase in human power which deludes humanity into believing it can overcome the Lord of lords.
And make no mistake about it, the Bible is clear that this is where humanity is ultimately headed - physical conflict with God:
"Then I saw the beast gathering the kings of the earth and their armies in order to fight against the one sitting on the horse and his army." (Revelation 19:19, NLT)
That point of an actual war between mankind - even if somewhat altered - and the Creator is echoed by author Steve Quayle, who warned of the dangers of transhumanism in an April 2010 radio interview with Horn.
"It's the destruction of humanity and the introduction of 'its' and 'things' that will make war against God, believing they can prevail," said Quayle. "But they won't."
The Bible says Jesus, who is called "the Lamb," will intervene in human affairs and be victorious over the kings of the Earth and the so-called "beast" power: "Together they will go to war against the Lamb, but the Lamb will defeat them because he is Lord of all lords and King of all kings." (Revelation 17:14, NLT)
During the discussion with Quayle, Horn sounded ominous as he talked of "that future moment ... that gives birth overnight to some version of the artillects (artificial intellects) who suddenly come online as conscious, living, synthetic superminds that are immensely more powerful than humans."
"It appears, at least in my belief system," he continued, "to be the billion-pound elephant standing in the middle of prophecy circles right now that the lion's share of critical Christian thinkers don't seem to be recognizing, or very few of them are waking up to it."
"This is coming whether people want it to or not. It is so close to being unveiled. I'm not talking cosmologically close. I mean it is very close now. It could happen literally at any moment, and I think it carries magnificent prophetic themes around it. We're literally talking about large-scale genetic, neurological re-engineering of humanity. ... Anybody who thinks this is wishful thinking on the part of the transhumanists, just pick up your newspaper, get your newest science magazine and start reading."
By Steve Pond at TheWrap
Wed Aug 17, 2011
The Mexican government is releasing state-held secrets about the end of the Mayan calendar to the makers of a documentary, "Revelations of the Mayans 2012 and Beyond," TheWrap has learned.
The information -- protected for 80 years -- is expected to reveal Mayan beliefs in future catastrophes and wisdom characterized as "shocking," producer Raul Julia-Levy, son of actor Raul Julia, told TheWrap.
The end of the Mayan calendar in December 2012 has long given rise to theories and speculation about the end of the world.
The agreement will allow Julia-Levy to film in never-before-seen locations.
"The Mayans used to construct one pyramid over another," tourism minister for the Mexican state of Campeche Luis Augusto Garcia Rosado told TheWrap. "In the site at Calakmul (pictured below right), workers for INAH [the National Institute of Anthropology and History] have discovered rooms inside the pyramid that have never been seen or explored before.
"And we're letting this documentary film there, to see what has been discovered inside the pyramid."
Julia-Levy (above) said he'd been made aware of the secret Mayan information by former Mexican president Vicente Fox -- a friend of his family -- and that it took four years of phone calls to finally get the OK from current president Felipe Calderon.
"This is very important for humanity, not just for Mexico," said Julia-Levy. "This information has been protected for 80 years, and now it's important for people to understand the series of events that are coming, and the consequences for all of us."
The English-language documentary will be directed by Juan Carlos Ruflo (whose other films include the 2006 Sundance winner "In the Pit"), and will begin shooting later this year. Elbert said the filmmakers are talking to investors and waiting for the government to give them their first look at the material and the site.
One big condition from the Mexican government was that the film get an initial theatrical release, which is planned for next fall, said Ed Elbert who is co-producing along with Julia-Levy and Sheila M. McCarthy and executive producer Eduardo Vertiz.
"It has to be released before the end of the Mayan calendar, which is Dec. 21, 2012," said Julia-Levy.
That's the date that the Mayan calendar -- which some believe predicts a worldwide cataclysm -- comes to the end of a 5,126-year cycle, and resets for another cycle.
Julia-Levy has been specifically ordered not to talk about any of the more mystical possibilities that might strain credulity as Mexico prepares to launch the far-reaching (and tourism-inducing) 2012 Mayan World Program.
At one point, Rosado was quoted in a press release talking about contact between the Mayans and extraterrestrials. That statement has been recalled, and Rosado now paints this as a simpler, more archaeological-oriented documentary.
"At the moment, talk of the Mayans is a big thing," Rosado said. "We've counted over 3 million websites talking about the end of the Mayan calendar, and we have been contacted by a lot of producers who want to come and film on our sites."
The project is similar in some ways to a novel Julia-Levy was writing, variously entitled "Chronicles of the Mayan Tunnel" and "Secrets of the Mayan Time Machine." He and co-producer Elbert were also going to make a 3D movie from that novel starring him and Wesley Snipes, he said in the summer of 2010.
Several reports from that time said the novel was being written with the help of "secret information" never before released by the Mexican government. But in their conversations with TheWrap, Julia-Levy and Elbert dismissed that project as a "Harry Potter"-style piece of fiction with no connection to the current documentary.
That film has been set aside, they said, because Snipes is serving a prison sentence for tax evasion. "We put that film on hold," said Elbert. "Dollar-wise, this documentary might be smaller, but it is based on the release of new and important knowledge from the Mayans."
Asked if the movie will involve aliens, mystical elements or doomsday scenarios that have fueled the popular imagination, Julia-Levy declined to elaborate.
"I'm not allowed to speak about that," he said. "Everything is going to come out in time, but I can't comment on aliens or on 2012.
"I can just say that the Mexican government is preparing to tell humanity and the world things that are critical for us, for the way we live, for the way we've been handling the planet."
British minister discusses Twitter, Facebook bans
By Richard Allen Greene,
August 25, 2011
British Home Secretary Theresa May will meet with social media experts to discuss people social networking during a crisis.
Two men were imprisoned last week for using Facebook to urge riots
London (CNN) -- British Home Secretary Theresa May sat down with officials from the social media industry Thursday, her office said, as the government considers trying to ban people from social networking during or after crises.
But the government "did not seek any additional powers to close down social media networks," the Home Office said.
Twitter, Facebook, and BlackBerry maker Research in Motion all declined to say beforehand what position they would take at the meeting.
Top police officers and other government officials were also present for the meeting, which follows riots that swept England earlier this month.
Prime Minister David Cameron suggested limits on social networking in the wake of the unrest.
He told Parliament August 11 that "when people are using social media for violence, we need to stop them."
Thursday's meeting was about "whether and how we should be able to stop people communicating via these websites and services when we know they are plotting violence, disorder and criminality," the Home Office said in a statement prior to the discussion.
"Social networking is not a cause of the recent disturbances but a means of enabling criminals to communicate," it said.
"We are working with the police to see what action can be taken to prevent access to those services by customers identified as perpetrators of disorder or other criminal action," the ministry said.
Police and politicians have pointed to social networking sites, such as Twitter and Facebook, as well as mobile messaging services like BlackBerry's, as tools used to organize looting and violence.
Two men have been sent to prison for posts on Facebook urging people to riot in northwest England.
Cheshire Police named them as Jordan Blackshaw, 20, and Perry Sutcliffe-Keenan, 22, when they were sentenced last week.
Neither of their Facebook posts resulted in any rioting, a Cheshire Police spokeswoman said.
In handing down the sentence at Chester Crown Court, Judge Elgan Edwards said he hoped the sentence would serve as a deterrent to others.
Cheshire Police Assistant Chief Constable Phil Thompson said "technology was used to spread incitement and bring people together to commit acts of criminality," making it "easy to understand the four-year sentences that were handed down in court."
The unrest, which was sparked by the shooting of a man in London August 6, led to widespread looting and damage. Five deaths have been linked to the violence.
The Association of Chief Police Offices sent a representative to Thursday's meeting, it confirmed, but declined to give any other details, saying it was a private meeting.
The group has not taken a position on whether people should be barred from social networking.
London's Metropolitan Police also declined to say what its position would be at the meeting.
Washington (CNN) -- The Washington Monument was closed indefinitely as engineers study damage and ways to repair cracks at the top of the capital's iconic structure caused by the 5.8-magnitude earthquake that rattled the East Coast this week.
Tuesday's quake caused a 4-foot crack in the pyramidion at the top of the 555-foot obelisk and several pieces of mortar fell inside the monument's observation area during the earthquake, a National Park Service spokesman said.
The Washington National Cathedral also was closed after sustaining what its staff described as "substantial damage," including cracks in the building's limestone blocks and broken pinnacles on its towers.
(Edited from longer article.)
Market crash 'could hit within weeks', warn bankers
A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, according to alarm signals in the credit markets.
The cost of insuring RBS bonds is now higher than before the taxpayer was forced to step in and rescue the bank in October 2008
By Harry Wilson, and Philip Aldrick
24 Aug 2011
Insurance on the debt of several major European banks has now hit historic levels, higher even than those recorded during financial crisis caused by the US financial group's implosion nearly three years ago.
Credit default swaps on the bonds of Royal Bank of Scotland, BNP Paribas, Deutsche Bank and Intesa Sanpaolo, among others, flashed warning signals on Wednesday. Credit default swaps (CDS) on RBS were trading at 343.54 basis points, meaning the annual cost to insure £10m of the state-backed lender's bonds against default is now £343,540.
The cost of insuring RBS bonds is now higher than before the taxpayer was forced to step in and rescue the bank in October 2008, and shows the recent dramatic downturn in sentiment among credit investors towards banks.
"The problem is a shortage of liquidity - that is what is causing the problems with the banks. It feels exactly as it felt in 2008," said one senior London-based bank executive.
"I think we are heading for a market shock in September or October that will match anything we have ever seen before," said a senior credit banker at a major European bank.
Photos: Enormous spherical mass seen in Shanghai & Beijing skies
And now the Truth has arrived in Shanghai and Beijing! Following news last week of a UFO being the reason why Chongqing's airport had to divert flights, an unexplained mass event occurred at approximately 9pm on Saturday night in Shanghai. A 'huge white ball' flying 10.7km (35,100 feet) high in the air was reported to the East China Air Traffic Control Bureau by civil aviation pilots, and apparently grew 'bigger and bigger' as time passed.
A purported pilot on China Southern Airlines flight CZ6554 that flies the Shanghai-Changchun route weibbed an eyewitness account at 11:19pm on Saturday night:
On the evening of the 20th at 9pm, on flight number 6554 in the Shanghai area, I discovered at an altitude of 10,700 meters an enormous spherical glowing heavenly body, that grew in size from small to large. Going by rules of geometry, it was larger than the moon by several hundred times, with an estimated diameter of over 50 nautical miles. It faded away after 20 minutes, and was extremely shocking, with dozens of flight crews also reporting to Shanghai!
Not to be outdone, Eastday reports that Beijing residents, though skeptical, claim to have seen a spherical entity above their own skies on Saturday evening:
"The white round bubble appears in the sky and then expanded quickly, until it disappeared five minutes later," said Yu Jun, a former editor of a scientific magazine and amateur astronomer who took pictures of the object.
"I believe the glowing bubble is not just a natural astronomical phenomenon, but is a phenomenon occurring around Earth, perhaps in the upper atmosphere, caused by the launching of rockets or satellites," said Yu.
Rockets or satellites, you say? Well, now that's certainly reassuring. We'd certainly prefer that over those wrinkly-faced kids summoning Akira and destroying all of Tokyo with their psychokinetic force-field. Or, uh, destroying all of Shanghai and Beijing, for that matter.
Until next week...
"Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is."
(1 John 3:2)