Your Redemption Draws Near
Greetings! The bulk of our articles this week once again focus on the state of the worlds economy. We of course are of the opinion events taking place in the world today are not just of a random nature. We feel things are designed to bring about a series of events whose purpose is to bring about the final enslavement of mankind through the eventual mark of the beast mentioned in Revelation chapter 13. "He (the false prophet) causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads,and that no one may buy or sell except one who has the mark or the name of the beast, (the antichrist) or the number of his name."
The video, following the initial articles, also updates us as to where we are at present, with regards to the mark of the beast technology, the coming financial system and the mark (chip) of the beast both being an integral part of the antichrist's endtime New World Order.
We can look upon these events with trepidation or as Jesus suggested, ""Now when these things (these end time events) begin to happen, look up and lift up your heads, because your redemption draws near." (Luke 21:28) We can actually take heart in that as times get worse and worse, our redemption, the second coming of Jesus, the resurrection and rapture, new bodies, the millennium, etc. will also be arriving just after these events.
" "Immediately after (not before) the tribulation of those days the sun will be darkened, and the moon will not give its light; the stars will fall from heaven, and the powers of the heavens will be shaken. "Then the sign of the Son of Man will appear in heaven, and then all the tribes of the earth will mourn, and they will see the Son of Man coming on the clouds of heaven with power and great glory." (Matthew 24:29-30)
"Behold, He is coming with clouds, and every eye will see Him. Behold, I tell 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 trumpet (last trumpet of tribulation). For the trumpet will sound, and the dead will be raised incorruptible, and we shall be changed."
"For the Lord Himself will descend from heaven with a shout, with the voice of an archangel, and with the trumpet (the last trump) of God. And the dead in Christ will rise first. Then we who are alive and remain shall be caught up together with them in the clouds to meet the Lord in the air. And thus we shall always be with the Lord."
"Therefore comfort one another with these words." (Revelation 1:7 1 Corinthians 15:51-52 1 Thessalonians 4:16-18)
The Economic Collapse
Prophets Of Doom: 12 Shocking Quotes From Insiders
About The Horrific Economic Crisis That Is Almost Here
Oct 1, 2011
We are getting so close to a financial collapse in Europe that you can almost hear the debt bubbles popping. All across the western world, governments and major banks are rapidly becoming insolvent. So far, the powers that be are keeping all of the balls in the air by throwing around lots of bailout money. But now the political will for more bailouts is drying up and the number of troubled entities seems to grow by the day. Right now the western world is facing a debt crisis that is absolutely unprecedented in world history. Europe has had a tremendously difficult time just trying to keep Greece afloat, and several much larger European countries are now on the verge of a major financial crisis. In addition, there is a growing number of very large financial institutions all over the western world that are also rapidly approaching a day of reckoning. The global financial system is a sea or red ink, and when we get to the point where there are hundreds of ships going under how is it going to be possible to bail all of them out? The quotes that you are about to read show that quite a few top financial and political insiders know that things cannot hold together much longer and that a horrific economic crisis is coming. We built the global financial system on a foundation of debt, leverage and risk and now this house of cards that we have created is about to come tumbling down.
A lot of people in politics and in the financial world know what is about to happen. Once in a while they will even be quite candid about it with the media.
As I have written about previously, Europe is on the verge of a financial collapse. If things go really badly, things could totally fall apart in a few weeks. But more likely it will be a few more months until the juggling act ends.
Right now, the banking system in Europe is coming apart at the seams. Because the global financial system is so interconnected today, when major European banks start to fail it is going to have a cascading effect across the United States and Asia as well.
The financial crisis of 2008 plunged us into the deepest recession since the Great Depression.
The next financial crisis could potentially hit the world even harder.
The following are 12 shocking quotes from insiders that are warning about the horrific economic crisis that is almost here….
#1 George Soros: “Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation.”
#2 PIMCO CEO Mohammed El-Erian: “These are all signs of an institutional run on French banks. If it persists, the banks would have no choice but to delever their balance sheets in a very drastic and disorderly fashion. Retail depositors would get edgy and be tempted to follow trading and institutional clients through the exit doors. Europe would thus be thrown into a full-blown banking crisis that aggravates the sovereign debt trap, renders certain another economic recession, and significantly worsens the outlook for the global economy.”
#3 Attila Szalay-Berzeviczy, global head of securities services at UniCredit SpA (Italy’s largest bank): “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”
#4 Stefan Homburg, the head of Germany’s Institute for Public Finance: “The euro is nearing its ugly end. A collapse of monetary union now appears unavoidable.”
#5 EU Parliament Member Nigel Farage: “I think the worst in the financial system is yet to come, a possible cataclysm and if that happens the gold price could go (higher) to a number that we simply cannot, at this moment, even imagine.”
#6 Carl Weinberg, the chief economist at High Frequency Economics: “At this point, our base case is that Greece will default within weeks.”
#7 Goldman Sachs strategist Alan Brazil: “Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?”
#8 International Labour Organization director general Juan Somavia recently stated that total unemployment could “increase by some 20m to a total of 40m in G20 countries” by the end of 2012.
#9 Deutsche Bank CEO Josef Ackerman: “It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels.”
#10 Alastair Newton, a strategist for Nomura Securities in London: “We believe that we are just about to enter a critical period for the eurozone and that the threat of some sort of break-up between now and year-end is greater than it has been at any time since the start of the crisis”
#11 Ann Barnhardt, head of Barnhardt Capital Management, Inc.: “It’s over. There is no coming back from this. The only thing that can happen is a total and complete collapse of EVERYTHING we now know, and humanity starts from scratch. And if you think that this collapse is going to play out without one hell of a big hot war, you are sadly, sadly mistaken.”
#12 Lakshman Achuthan of ECRI: “When I call a recession…that means that process is starting to feed on itself, which means that you can yell and scream and you can write a big check, but it’s not going to stop.”
In my opinion, the epicenter of the “next wave” of the financial collapse is going to be in Europe. But that does not mean that the United States is going to be okay. The reality is that the United States never recovered from the last recession and there are already a lot of signs that we are getting ready to enter another major recession. A major financial collapse in Europe would just accelerate our plunge into a new economic crisis.
If you want to read something that will really freak you out, you should check out what Dr. Philippa Malmgren is saying. Dr. Philippa Malmgren is the President and founder of Principalis Asset Management. She is also a former member of the Bush economic team. You can find her bio right here.
Malmgren is claiming that Germany is seriously considering bringing back the Deutschmark. In fact, she claims that Germany is very busy printing new currency up. In a list of things that we could see happen over the next few months, she included the following….
“The Germans announce they are re-introducing the Deutschmark. They have already ordered the new currency and asked that the printers hurry up.”
This is quite a claim for someone to be making. You would think that someone that used to work in the White House would not make such a claim unless it was based on something solid.
If Germany did decide to leave the euro, you would see an implosion of the euro that would be truly historic.
But as I have written about previously, it should not surprise anyone that theend of the euro is being talked about because the euro simply does not work.
The only way that the euro would have had a chance of working is if all of the governments using the euro would have kept debt levels very low.
Unfortunately, the financial systems of the western world are designed to push governments into high levels of debt.
The truth is that the euro was doomed from the very beginning.
Now we are approaching a day of reckoning. We have been living in the greatest debt bubble in the history of the world, but the bubble is ending. There are several ways that the powers that be could handle this, but all of them will lead to greater financial instability.
In the end, we will see that the debt-fueled prosperity that the western world has been enjoying for decades was just an illusion.
Debt is a very cruel master. It will almost always bring more pain and suffering than you anticipated.
It is easy to get into debt, but it can be very difficult to get out of debt.
There is no way that the western world can unwind this debt spiral easily.
The only way that another massive economic crisis can be put off for even a little while would be for the powers that be to “kick the can down the road” a little farther by creating even more debt.
But in the end, you can never solve a debt problem with more debt.
The next several years are going to be an incredibly clear illustration of why debt is bad.
When the dominoes start to fall, we are going to witness a financial avalanche which is going to destroy the finances of millions of people.
You might want to try to get out of the way while you still can.
Meltdown month: Wall St Crash, Black Wednesday, collapse of Lehman Brothers... all were hit in September. So is history about to repeat itself?
By Dominic Sandbrook
23rd September 2011
September is rarely a cheerful time. The warm days of summer, as always all too brief, are disappearing into history.
Holiday memories are beginning to fade; the children are back at school; the bills have to be paid.
Savage tropical storms from the Caribbean sweep west towards the American coastline at this time of year.
Hard times: A desperate man hunts for work during the Great Depression, triggered by the Wall Street Crash which brewed in September 1929
And although New York escaped the worst of Hurricane Irene last month, financial experts are already warning that a far more devastating tempest may be at hand.
Worldwide markets have been in turmoil for weeks. Even now, confidence in debt-crippled Greece, Spain and Italy remains disturbingly fragile, while American growth is virtually non-existent.
Markets in New York, London and across Europe plunged yet again yesterday as fresh worries about the eurozone and the U.S.'s towering national debt continued to spook investors.
The FTSE was down 4.7per cent -- its biggest fall since early 2009 -- wiping £64billion off the value of Britain's biggest companies. Meanwhile, the Dow Jones in the U.S. had fallen by more than 3.5âper cent at its close.
Despite the best efforts of the European political elite, the euro teeters on the brink of collapse.
Here in Britain, manufacturing output remains desperately sluggish, while the latest figures show house prices fell once again in August.
But there is another good reason politicians and financiers should be on their guard in the coming days.
Time to go: A Lehman Brothers employee in Canary Wharf leaves the bank which filed for bankruptcy in mid-September three years ago
For if the history books are any guide, the next few days are the most dangerous period of the year.
As economic historians often point out, it is no coincidence that almost all the world's great financial crises have taken place between late August and mid-October.
During the summer, when many bankers and speculators are on holiday and their grip on the movements of economic forces are loosened, downward pressures on the markets can develop.
Slowly but surely, confidence seeps away. And then, within days of the financial classes arriving back at work, quite suddenly, but utterly devastatingly, the house of cards comes crashing down.
The collapse of Lehman Brothers, for example, began in August 2008, when the financial world first realised how much the U.S. bank had been losing on sub-prime mortgages.
The pressure escalated, until mid-September three years ago when Lehmans filed for bankruptcy.
In that moment, the global financial system suffered a seismic shock from which it has never recovered.
At the time, many people likened the collapse of Lehmans to the infamous Wall Street Crash of 1929, which ripped the heart out of the inter-war banking system and paved the way for the Great Depression. And, indeed, the parallels are uncanny.
Black Wednesday, September 16, 1992: John Major and Norman Lamont were forced to take the pound out of the European Exchange Rate Mechanism - a system designed to limit fluctuations in value between European currencies
The Crash, too, had been brewing since late summer, as U.S. house prices tumbled and speculators rushed to get rid of dodgy stocks.
But, in 1929, the final collapse did not come until the end of October.
On October 29 -- to be known as Black Tuesday -- hysterical U.S. traders sold more than 16 million shares, beginning a merciless three-week slide that wiped out some $26billion in stock values -- the equivalent of $3,650billion today.
Two years later, the world was still trembling from the after-effects.
And, by the summer of 1931, the Central European banking system was in meltdown, throwing millions out of work and handing Hitler's Nazi Party thousands of willing recruits.
In the same year in Britain, the Labour government came under intense pressure to implement deep spending cuts.
And, on August 24, having failed to do so, it was replaced by a coalition, led by Labour's Ramsay MacDonald, but dominated by the Tories. Then, as now, the financial strain inexorably increased.
Taking stock: A Barclays Capital trader holds his head this week while working on the trading floor at the New York Stock Exchange, which has seen huge amounts wiped off the value of firms
At the beginning of September 1931, the government introduced an emergency budget to slash benefits and public-sector salaries.
But when sailors, outraged by the prospect of a pay cut, mutinied at the Scottish naval base of Invergordon, the world's financiers jumped to the conclusion that Britain was in meltdown.
In three days, the Bank of England spent the equivalent of £14billion today defending the pound's value on international markets, but it was no good.
On September 21, 1931, the Bank made one of the most fateful decisions in its history, taking the pound off the Gold Standard, which for years had seemed a guarantee of financial stability because it linked the value of sterling to the solidity of the value of gold bullion.
Just a few years earlier, sterling had been valued at $4.86; by the end of the year, it was down to $3.40.
Even more than the recent collapse of Lehman Brothers, this was an astonishing shock.
The Bank's then governor, Sir Montagu Norman, was away in America at the time. When he received a cable from his staff in London informing him of what was to happen -- 'Old Lady (the bank's nickname) goes off on Monday' -- he could not understand it, and assumed that his elderly mother must be going on holiday.
Ironically, Britain going off the Gold Standard was the best thing that could have happened, allowing the government to slash interest rates and prepare for economic recovery.
Perhaps if the eurozone goes the same way, we may one day look back and see the benefits of that, too -- although in the short term, the financial turmoil would surely be terrifying.
Violence in the streets: Policemen clash with anti-austerity protesters near the Italian Parliament building in Rome
The obvious parallel is the humiliation of Black Wednesday on September 16, 1992, when John Major and Norman Lamont were forced to take the pound out of the European Exchange Rate Mechanism -- a system designed to limit fluctuations in value between European currencies.
In the long run, it allowed them to cut interest rates and bring Britain out of recession. But at the time, it was yet another debilitating September crisis.
Throughout the summer, the overvalued pound had come under fierce pressure. Yet, all the time, Lamont insisted he would never devalue it.
We all know what happened next: a day of extraordinary turmoil, with interest rates temporarily shooting up to a staggering 15 per cent to fight off a run on the pound.
The Conservatives never recovered; in that moment their defeat in the 1997 general election became inevitable.
Perhaps the most shameful of these early-autumn disasters, though, was the IMF crisis of 1976.
The chronology was remarkably similar. All summer, pressure grew on the pound, while the Labour government airily insisted everything was fine.
At the end of August, the Chancellor, Denis Healey, was on holiday in a Scottish bed-and-breakfast when the Bank of England rang asking permission to spend £150million defending the currency.
Even though he acceded to that request, in late September the dam burst.
Two days before the end of the month, Healey grimly announced that Britain had run out of money, and had to seek a humiliating bailout from the International Monetary Fund.
Thanks partly to the current Coalition's economic austerity, Britain has no need to mount another expedition for funds with cap in hand. But Greece, Italy and Spain are far more vulnerable.
And what is really worrying is that, if history is any guide, the tempest is not yet at full strength.
Coming so soon after the great financial storm of 2008, another hurricane would wreak devastating damage on the world economy.
If the euro goes under and the U.S. economy slumps back into decline, then the Channel and Atlantic would be no barrier to the financial contagion spreading here.
And with house prices already so vulnerable, millions of ordinary families would find themselves exposed to the winds of recession.
The coming weeks could be a decisive period, not merely in the political life of this government, but in the economic life of our generation. Poised between recession and recovery, our fortunes could hardly be more fragile.
Let us hope that the world's financial statesmen have drawn the appropriate lessons from the past and are prepared for the worst.
As for the rest of us, like sailors caught at sea, we can only batten down the hatches, cross our fingers and pray for the storm to pass.
Alexander Higgins Blog
Collapse Of Entire Global Banking System Is Underway Signals CEO of World's Largest Mutual Fund
September 29, 2011
PIMCO CEO signals the collapse of entire global banking system underway as a panic driven institutional bank run drains French banks of nearly all their capital.
PIMCO's CEO tells the Financial Times that the institutional bank run on French Banks has left them with as little as 1% capital against the total assets reported on their balance sheets and institutional panic in the global financial system is underway
If this is true, we are looking at the collapse of the very foundation of the entire European banking system which in turn means the collapse of an essential pillar of the entire global banking banking system
Seriously, the Europeans have been pulling their money out of banks for weeks and so have many of the world's most important corporations. Don't be a fool and wait until the last minute to do the same.
I provided complete background context to this story when it became evident that the bank run that started Greece had spread into French banks, then across Europe, and even into China.
Global Market Meltdown Worsens: Corporations And China Join In On Global Bank Run
The Global Financial Meltdown has dramatically worsened as Corporations and China Jump Aboard The "Institutional" Global Bank Run As Banks Fall Apart As Their Seams.
Earlier today the world saw a global financial meltdown as investors dumped everything from stocks to commodities and literally everything in between.
Global Financial Meltdown: Investors Dump Nearly Everything Amidst Worldwide Market Crash
Major Stock Market Indexes, Commodities, Currencies And Everything In Between Is Being Dumped By Investors Across The Globe In The Midst Of A Global Financial Meltdown.
The financial markets across the globe are facing one of the most massive sell-offs in recent memory.
The Dow Jones Industrial average has sold off over 467 points today. When and when you add that on top of 284 point drop following yesterday's crash FED's statement, which announced operation 'twist' and warned of significant downside risk and strains in global financial markets, we have a 751 point drop in the DOW since 2:45 PM est yesterday, which is the largest 2 day slump since 2008.
There are an endless parade of economic statistics many of which are the worse since the Great Depression and World War 2 era. We have also seen 111 of the s&P 500 hit fresh 52 week lows, a drop in global currencies - beside the dollar, oil dropping into the high $70 per barrel range and gold plummeting over 5% to trade in the low $1,700 per ounce range.
Business Week points out the massive crash in U.S. stocks immediately below while CNBC points out further below that this in fact a global meltdown - investors are dumping everything.
Read The Rest...
While today's sell off was monumental and in fact is on course for the 3rd worse week on Wall Street ever, the sell-off was on the heels of the FED's economic outlook. Today's Global Financial Meltdown is about to become much worse as a slew of news reports out today reveal the run on the European banks has spread to include corporations and institutions pulling their money out of banks and China finally arriving at the party.
Read The Rest...
While officials have known about the run on European bank assets for weeks they have failed to react choosing to ignore repeated calls from world renowned economists, influential money managers, investors and even the financial leaders from various nations around the world.
Instead of dealing with the crisis, officials in France and Europe responded to the calls to inject capital into the French banks with a PR campaign of denial.
It appears now, based on the statements from PIMCO's CEO to the Financial Times, that the assertions of French officials and Banks that a capital injection wasn't needed were outright lies.
Now, as The Daily Baily reports on a new article from the Financial Times, the we are mpw pm the collapse of the entire global banking system.
PIMCO's El-Erian Drops The F-Bomb: "French Banks Are Down To 1% Capital, Institutional Panic Underway"
El-Erian just screamed 'shut their ass down' from New York to Paris.
French banks have 1% capital. No polemic is needed. This is a solvency and liquidity crisis.
Notice below the bold quote from the CEO of the world's largest bond fund. Not to overstate the obvious, but 1% capital ratios imply leverage of 100:1.
Calling Helicopter Ben...Sarkozy would like you at the launch pad, immediately.
How soon does Bernanke's central bank rain dance begin?
FT via Marketwatch
Meanwhile, high-profile warnings over the state of Europe's banks, particularly in France, came from a variety of sources.
Mohammed El-Erian, chief executive of bond fund giant Pimco, warned in an op-ed in the Financial Times published Thursday that French banks could tip Europe back into recession.
Private institutions around the world have sharply reduced short-term lending to French banks, while a plunge in bank shares since August has left bank equity trading at a 50% discount to tangible book value on average, he wrote.
At the same time, El-Erian noted that the ratio of market capital to total assets for the sector has fallen to 1% to 1.5% -- far short of the range of 6% to 8% typically seen for healthier banks.
"These are all signs of an institutional run on French banks," he wrote. "If it persists, the banks would have no choice but to de-lever their balance sheets in a very drastic and disorderly fashion."
Read The Rest ...
To be clear, the run on the banks and the collapse it will cause is already underway and "If it persists" the French Banks will have "no choice but to de-lever their balance sheets in a very drastic and disorderly fashion" which means forget about the plans of propping up or bailing out Greece, Ireland, Portugal, Italy and Spain.
In fact, such an event in happening in "very drastic and disorderly fashion" would trigger a Lehman style collapse wiping out any hope of those nations being able to pay off their debt.
The resulting financial turmoil drag down Germany and the entire Euro-zone resulting in sovereign debt defaults in many of those nations as well.
From there the counter-party risk turns to contagion and drags down banks in Great Britain, China and even the U.S , resulting in the greatest economic crash in the history of man kind.
The question is will officials fess up to reality or continue to pretend the patient is not sick until he reaches the point that vitality can no longer be preserved?
Finally, I will leave you with excerpt from an article from Zero Hedge:
Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse
Either the YesMen have infiltrated Italy's biggest, and most undercapitalied, bank, or the stress of constant, repeated lying and prevarication has finally gotten to the very people who know their livelihoods hang by a thread, and the second the great ponzi is unwound their jobs, careers, and entire way of life will be gone. Such as the head of UniCredit global securities Attila Szalay-Berzeviczy, and former Chairman of the Hungarian stock exchange, who has written an unbelievable oped in the Hungarian portal Index.hu which, frankly, make Alessio "BBC Trader" Rastani's provocative speech seem like a bedtime story. Only this time one can't scapegoat Szalay-Berzeviczy "naivete" on inexperience or the desire to gain public prominence. If someone knows the truth, it is the guy at the top of UniCredit, which we expect to promptly trade limit down once we hit print. Among the stunning allegations (stunning in that an actual banker dares to tell the truth) are the following: "the euro is "practically dead" and Europe faces a financial earthquake from a Greek default"... "The euro is beyond rescue"... "The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece's spirits."...."A Greek default will trigger an immediate "magnitude 10" earthquake across Europe."..."Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty "within minutes." In other words: welcome to the Apocalypse...
But wait, there's more. From Bloomberg:
The impact of a Greek default may "rapidly" spread across the continent, possibly prompting a run on the "weaker" banks of "weaker" countries, he said.
"The panic escalating this way may sweep across Europe in a self-fulfilling fashion, leading to the breakup of the euro area," Szalay-Berzeviczy added.
Szalay-Berzeviczy has just arrived in Hungary from a trip abroad and can't be reached until later today, a UniCredit official, who asked not to be identified because she isn't authorized to speak to the press, said when Bloomberg called Szalay-Berzeviczy's Budapest office to seek further comment.
And now, for our European readers (first) and everyone else (next), it is really time to panic.
Bankers Torpedoed Financial System -- Veteran Trader
by John MacKenzie
September 28, 2011
THE END OF AN ERA
"All paper assets are either worthless now or will become worthless in the very near future including paper fiat currencies. If you want to help bring down this corrupt system the best way is to opt out.
Do not play their game, you cannot win. Sell your stocks and bonds and use the funds to buy real hard assets."
As a trader for the last twenty-five years, I have seem many business cycles and opportunities come and go. Your article Tuesday hit especially close to home because you heard a very candid opinion from a trader explaining the world of finance in a much more realistic way. It was very refreshing to hear someone from the industry be so blunt.
Nothing the trader said was news to me or shocked me in any way. What he described was business as usual for many firms and traders. The only part I found either disingenuous or uninformed on his part was that US Treasuries would be safe and opportunities will be available to the average investor.
The fact is, there is no safe paper asset, especially ones denominated in US Dollars. When the Euro collapses, the dollar will be only a few weeks behind.
This is not the end of a business cycle, this is the end of an era. Only how we react as a group will determine whether we become slaves (more than we already are) or break free from this insidious evil that runs the financial system. Only independent thought and local community action can save us now.
Over the years I became numb to the fact that our markets were very much a casino for the super elite which preyed upon the average investor and always concocted more and more "financial instruments" to transfer wealth from his pocket to theirs without giving him anything of value. They make finance sound complicated, more like high technology rather than the simple common sense exercise it really is.
They do this to create the illusion that you need them and their products. Nothing is farther from the truth. The paper assets on the books of our banks which they are using to continue the illusion of recovery are worthless assets that will never again have any value.
The credit crisis that resulted in the collapse of Lehman Brothers and the housing market in 2008 is still getting worse. Nothing done by our so-called leaders has had any positive affect. It has all been a game to rescue themselves by bankrupting the rest of us, while telling us it is the only way to save the system we all depend on to live our lives. Another blatant lie.
$ RIP 2008
The system died back in 2008 and all the nonsense of bailouts and money printing has been done to transfer the last bit of wealth and freedom from us to them. It has bought them time to prepare and execute their plan for the final take down of the US economy.
Just after the Lehman debacle, I decided to exit the industry. It was clear to me there was no recovery coming. This was not a normal business cycle that will result in a recovery and a new round of prosperity.
This was clearly the end of a very long cycle. More like the end of an era in human history. The system has no way to recover. It must be scrapped and all the debt that has been put on the backs of ordinary citizens at the demands of private bankers must be repudiated by their governments.
The debt was created by nothing more than fraud by the central bankers. They used worthless paper that they printed at will to buy all the assets of value. They transferred our real wealth to them by exchanging it for worthless paper while our elected leaders allowed it to happen willingly for the promise of a privileged life for them and their families.
All paper assets are either worthless now or will become worthless in the very near future including paper fiat currencies. If you want to help bring down this corrupt system the best way is to opt out.
Do not play their game, you cannot win. Sell your stocks and bonds and use the funds to buy real hard assets. Gold is always a good choice, but you must be very careful. Our government has a history of confiscating gold in times a great financial stress, just another way of preventing the public from protecting themselves from the mismanagement of our public finances.
A person should consider using some funds from the liquidation of paper assets to purchase necessities needed for everyday life. As the system implodes it will be more and more difficult to procure such items.
Ordinary citizens should begin to form small neighborhood groups where people truly get to know each other and begin to plan for events that will require them to depend on each other much more than ever before.
Please do not wait for local or national politicians, that is what they want you to do. Then they will create a solution for the problems they created which will only be more of the same if not much worse. It is time to create your own solution with your family and friends.
Good Luck and God Bless.
France Bans Cash Sales Of Gold & Silver Over $600 silver gold
I came by this article on Gold ownership, it raises some questions:
Following the Austrian government's announcement that it was restricting the sales of precious metals to $20,000 a time, an amount which would purchase just 11 ounces, the French authorities
have followed suit with an equally draconian new measure to deter people from buying gold and silver.
A recently amended French law states (translation), "Any transaction on the retail purchase of ferrous and non ferrous (metals) is made by crossed check, bank or postal transfer or by credit card, not the total amount of the transaction may not exceed a ceiling set by decree. Failure to comply with this requirement is punishable by a ticket for the fifth class," going on to confirm that any amount over Euro 450 euros or $600 US dollars "must be paid by bank transfer".
"According to independent reports the law was passed to curb the illegal sale of stolen metals like copper, steel, etc. Given the rampant rise in thefts of these metals from telephone poles,
construction sites and businesses here in the United States, we can certainly see this as a reasonable assessment for why the French passed this law," writes Mark Slavo.
"However, the fact that no exception was made for gold and silver simply cannot be ignored. The new law effectively makes it illegal to purchase even a single Troy ounce of gold or around 18 ounces of silver in cash."
$600 USD isn't even enough to purchase a half ounce of gold. This guarantees that citizens who are trying to transfer their savings over to precious metals will be known to the authorities, leaving
them vulnerable to government confiscation of their gold and silver later on down the line, as happened in 1933 under FDR.
Why are central banks and governments in Europe so eager to make it as difficult as possible for citizens to buy precious metals? It's largely because unlike every other financial commodity, they don't have the market completely under their control, and cannot tolerate the idea of people having true power over their own economic destiny.
Secondly it's because the great foundation stone of the globalists' plan to create a federalized European superstate and the template for a future world currency - the euro - is crumbling amidst the debt crisis that has engulfed the continent. With eurozone members already preparing to abandon the single currency, the last thing the EU wants to see is European citizens of key member states like France doing the same thing by exchanging their euros for gold and silver.
In a related development, the London Gold Exchange, an international digital currency trader which has over 100,000 members, announced today that it is "permanently closed for business" due to operational difficulties.
The LGE provided a service whereby it exchanged fiat money for digital currencies stored in online user accounts, including c-gold, Liberty Reserve, Pecunix and v-money.
Mayan film documentary claims proof of aliens
By Steve Pond
Sep 26, 2011
LOS ANGELES (TheWrap.com) -A new documentary about Mayan civilization will provide evidence of extraterrestrial contact with the ancient culture, according to a Mexican government official and the film's producer.
"Revelations of the Mayans 2012 and Beyond," currently in production, will claim the Mayans had contact with extraterrestrials, producer Raul Julia-Levy revealed to TheWrap.
"Mexico will release codices, artifacts and significant documents with evidence of Mayan and extraterrestrial contact, and all of their information will be corroborated by archaeologists," said Julia-Levy, son of actor Raul Julia.
In a release to TheWrap, Luis Augusto Garcia Rosado, the minister of tourism for the Mexican state of Campeche, said new evidence has emerged "of contact between the Mayans and extraterrestrials, supported by translations of certain codices, which the government has kept secure in underground vaults for some time."
He also spoke, in a phone conversation, of "landing pads in the jungle that are 3,000 years old."
Raul-Julia claims there is proof that the Mayans had intended to lead the planet for thousands of years, but were forced to escape after an invasion by "men of dark intentions," leaving behind evidence of an advanced race.
"The Mexican government is not making this statement on their own -- everything we say, we're going to back it up," he said.
The film will be directed by Juan Carlos Rulfo, who won the Humanitas Prize for "Those Who Remain" in 2009 and the Sundance Grand Jury Prize for International Documentary for "In the Pit" in 2006. Juan Diego Rodriguez Gonzalez will serve as the Guatemalan executive producer, and Eduardo Vertiz as the Mexican executive producer.
And yes, they expect people to take this seriously, because the messages he plans to impart are crucial to human survival, Julia-Levy insisted.
When Julia-Levy, producer Ed Elbert and co-producer Sheila McCarthy announced the Mexican cooperation with their documentary to TheWrap in August, they were circumspect about claims of alien contact, with Julia-Levy admitting he'd been ordered not to say anything about it.
Also for that article, Rosado brushed off a question about alien contact and said his country was simply offering the filmmakers' access to previously unexplored sections of a Mayan site at Calakmul.
Now, not only has Rosado changed his tune, but the Guatemalan government has joined the project, as well, giving access to artifacts and newly discovered prophecies
While the Guatemalan government is not offering information about aliens, it has joined Mexico in supporting the project. "Guatemala, like Mexico, home to the ancient yet advanced Mayan civilization ... has also kept certain provocative archeological discoveries classified, and now believes that it is time to bring forth this information in the new documentary," Guatemala's minister of tourism, Guillermo Novielli Quezada, said in a statement.
He said the country was working with filmmakers "for the good of mankind."
Raul-Julia claims that the order to cooperate came directly from the country's president, Alvaro Colom Caballero.
Guatemala is the site of a large number of pre-Columbian Mayan settlements in the Mirador Basin, including the extensive and highly organized city of El Mirador
In a curious aspect of the new announcement: Guatemalan minister Quezada is quoted as referring to "'Mirador,' the largest pyramid in the world."
But Mirador is not the name of a pyramid. It's the name of the entire settlement, which includes several pyramids, the largest of which is La Danta -- a fact one would expect the Guatemalan minister to know.
"Revelations of the Mayans 2012 and Beyond" begins shooting on November 15 and is due for a theatrical release in late 2012, before the end of the Mayan calendar.
While doomsday scenarios focus on the calendar ending on December 21, 2012, many scholars point out that it simply resets for another 5,126-year cycle on that date.
Until next week...