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Posts Tagged ‘global currency’

Doomsday Clocks: Are We Heading for Another Great Depression?

Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , , , , , on October 6, 2010|

Check out the graph and article below, this is very eerie indeed.  It is what we have been warning about and amazing how close we are following 1937.  Make sure you have prepared, food, supplies…  It certainly looks like a cliff we are headed toward.  I hope not, but we must prepare ourselves, our families, so we can help others when it happens…

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Doomsday Clocks: Are We Heading for Another Great Depression?

Is America heading toward another Great Depression? The answer may not be a definite “yes” or “no,“ but rather an eerie ”maybe.”

In yesterday’s Wall Street Journal, Donald Luskin laid out an argument for why, should we continue on our path, America might be poised to repeat the mistakes it made that lead up to and perpetuated the Great Depression. In other words, if history is a great teacher, we could be its worst students.

What may allow the “history repeats itself” cliche to ring true, he says, is the expiration of the Bush-era tax cuts and a renewed aggression toward trade via a recent amendment to the Smoot-Hawley Act — a union favor: both “doomsday clocks” with a deafening tick-tock, tick-tock.

(more…)

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Chinese leader urges EU to give up more IMF power

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , on October 5, 2010|

Through all the chaos, economically, it looks like China is flexing its muscle a bit…

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Chinese leader urges EU to give up more IMF power

EUOBSERVER / BRUSSELS – Chinese Premier Wen Jiabao has hinted that Europe may need to sweeten its offer on reforming the International Monetary Fund before a deal can be agreed next month.

The issue was one of several topics to be addressed by Asian and EU leaders (ASEM) meeting in Brussels on Monday (4 October) as part of a two-day session of talks, with an ongoing territorial row between China and Japan adding spice to the atmosphere.

Mr Wen Jiabao (third from left) and other leaders at the ASEM summit (Photo: Belgian presidency)

The EU last week offered to reduce its number of seats on the board of the IMF. Developing nations have criticised the slow pace of reform at the international lending organisation, whose structure has changed little since its set-up in 1945.

European countries currently hold eight of the board’s 24 seats, with another chair revolving between European and non-European directors. This has led to a gross over-representation of the region in recent times, even as developing countries increase their share of global GDP.

EU finance ministers agreed last Friday to share two of the continent’s eight executive-director seats on a rotating basis with emerging nations, but the offer does not appear to have met with China’s approval.

“We need to improve the decision-making process and mechanisms of the international financial institutions,” Mr Wen told his Asian and European counterparts in Brussels. The Chinese leader added that there was a need to “increase the representation and voice of developing countries, encourage wider participation and fully accommodate each other’s interests and concerns”.

A South Korean official, whose country is set to host the next G20 leaders’ meeting in November where the matter is set to be finalised, welcomed the European offer as an improvement however.

“I think the fact that Europeans show flexibility and willingness to negotiate is an important advancement,” Changyong Rhee, head of the committee preparing the G20 meeting, told journalists.

China-Japan dispute comes to Brussels

With no bilateral meeting currently scheduled between Mr Wen and Japanese Prime Minister Naoto Kan, all eyes attentively followed the two individuals to see if they would talk in the margins of the event.

But the game of diplomatic tip-toeing did not prevent Mr Kan from holding a short bi-lateral with European Council President Herman Van Rompuy, during which he secured the Belgian politician’s signature on his recently published book of haiku poetry, a style of Japanese verse famous for its brevity.

“Different colours,/tongues, towers and gods./I search my way,” one of the verses, about Brussels, says.

Elsewhere in the sidelines of the summit, Japanese officials were discretely explaining their side of the dispute with China, which centers on a group of islands located to the north-east of Taiwan.

Japan says its ownership of the islands dates back to the late 19th century, while Chinese interest dates to the 1970s when exploitation of oil deposits on the East China Sea’s continental shelf started.

Another thorny issue, the value of China’s renminbi currency, is set to be discussed by EU and Chinese officials on Tuesday morning.

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The world’s wealthiest people have responded to economic worries by buying gold by the bar…

Posted in End Times Prophecy, One World Currency, tagged , , , , , on October 5, 2010|

Interesting article on what the high-end investors are turning toward.  I can’t even imagine a “ton” of gold.  How big would that be?  Interesting commentary on what is occurring in our economies…the key being “moving assets out of the financial system”.  Who does that leave in them?

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The world’s wealthiest people have responded to economic worries by buying gold by the bar — and sometimes by the ton — and by moving assets out of the financial system, bankers catering to the very rich said on Monday

Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit.

“They don’t only buy ETFs or futures; they buy physical gold,” said Stadler, who runs the Swiss bank’s services for clients with assets of at least $50 million to invest.

(more…)

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Fed boss: Threat from deficits ‘real and growing’

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , on October 5, 2010|

What a revelation?  There is a lot of news out there this week along the same lines.  I am going to post a few of the ones I think are the best articles, but this is gaining steam and no longer being kept out of sight…

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Fed boss: Threat from deficits ‘real and growing’

Bernanke says deficits pose ‘real and growing’ threat to economy, calls for plan to cut them

PROVIDENCE, R.I. (AP) — The economy could be hurt if Congress and the White House fail to come up with a plan to curb the nation’s huge budget deficits in the coming years, Federal Reserve Chairman Ben Bernanke warned Monday.

Bernanke, in a speech prepared for delivery, reiterated his belief that the government shouldn’t raise taxes or slash spending now because the economic recovery is still too fragile.

But failing to bring the deficits under control could endanger the economy later on, he said. Exploding budget deficits can lead to higher interest rates for people buying homes and cars, and for businesses buying equipment or expanding operations. That could crimp Americans’ spending and slow economic growth.

“The threat to our economy is real and growing,” Bernanke said. “The sooner a plan is established, the longer affected individuals will have to prepare for the necessary changes.”

(more…)

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IMF Warns Western Economies Mired in ‘Near Depression’

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , , , , on October 5, 2010|

More global news on our economies.  It is amazing to me the different picture that is being painted now.  There are many reasons proposed for why it is just coming out now, I would rather focus on what is the real picture, how does it look through the third lens of scripture, and how does God want us to prepare/handle the circumstance.

It is a very eye-opening article, especially to those just now waking up.  This is all leading us to one world economy/currency.  We are seeing all global fiat currencies struggling, unrest is rising, along with unemployment.  It is very important to keep an eye on Spain and Ireland as they seem to be just ahead of us on the slide…

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IMF Warns Western Economies Mired in ‘Near Depression’

A new report by the International Monetary Fund paints a brutally grim picture of the global economic outlook, warning that continued European belt-tightening combined with possible deficit-cutting in the United States could lead to a global double-dip recession.

Ambrose Evans-Pritchard, international business editor of the Daily Telegraph newspaper, wrote that the report suggests Western economies are stuck in a “near depression.”

In the near term, the report suggested, nations seeking to stabilize their economies by cutting their budgets will only make the global economy worse.

(more…)

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China’s Wen offers to buy Greek debt

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , , on October 4, 2010|

More moves by China, looking much more like a friend to those in need.  Wolf in sheep’s clothing?  Is this a shift away from the dollar?

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China’s Wen offers to buy Greek debt

* China says has bought and will buy new Greek bonds

* Officials say visit a vote of confidence in Greece

* May help deflect criticism of Chinese trade, FX policies

* China and Greece urge global economic cooperation

(Adds joint statement paragraphs 5-6)

By Ingrid Melander and Harry Papachristou

ATHENS, Oct 2 (Reuters) – China offered on Saturday to buy Greek government bonds when Athens resumes issuing, in a show of support for the country whose debt burden pushed the euro zone into crisis and required an international bailout.

Premier Wen Jiabao made the offer at the start of a two-day visit to Greece, his first stop on a tour of Europe, and also said he wanted to boost shipping and trade ties with Athens, underscoring Beijing’s use of economic strength to win friends.

“With its foreign exchange reserve, China has already bought and is holding Greek bonds and will keep a positive stance in participating and buying bonds that Greece will issue,” Wen said, speaking through an interpreter.

“China will undertake a great effort to support euro zone countries and Greece to overcome the crisis.”

Wen and his Greek counterpart George Papandreou said in a statement the world’s nations need to coordinate their economic policies for global recovery to find a sure footing. [ID:nATH005710]

“The global economy shows signs of gradual recovery but many uncertainties remain,” the two leaders said in the statement, issued on Saturday by Papandreou’s office after the two men met in Athens.

In addition to seeing economic opportunities in Greece, China may calculate its support of a struggling European country will help deflect international criticism of its trade policies and its refusal to let its yuan currency appreciate sharply.

Wen did not specify how much Greek debt China would be willing to buy or which Chinese entities would buy the bonds.

Chinese state entities have been generally conservative about investing in foreign financial markets and the Chinese government faces domestic political criticism over losses incurred by these entities during the global financial crisis.

HIGH BORROWING COSTS

A senior Greek government official said Wen made clear his offer concerned buying bonds only when the country returned to markets. [ID:nATH005706]

Greece, which is currently funded through a 110 billion euro ($150 billion) EU/IMF bailout, is only issuing short-term T-bills for the time being.

Since the true scale of its debt burden emerged late last year, investors have shunned its bonds. The yield they demand to hold 10-year Greek debt has shot up to 10 percent, compared with just 2.3 percent for similar bonds from the euro zone’s biggest economy Germany, making it too expensive for Greece to seek long-term funding in international markets. GR10YT=RR

It has said it wants to return to markets some time next year to sell longer-term debt.

China, at loggerheads with the United States over the yuan and likely to face similar complaints during this European tour, emphasised its willingness to cooperate with the 27-nation EU on financial issues.CNY=CFXS

“China is prepared, hand in hand with the EU, as passengers in the same boat, to strengthen cooperation … to confront the financial crisis,” Wen said. “I believe that we can undertake a genuine effort to promote the reform of the international financial system and strengthen its supervision,” he said.

Neither Wen nor Greek Prime Minister George Papandreou mentioned the Chinese currency at the news conference.

SHIPPING FUND, TRADE, EXPORTS

Wen said China wanted to boost cooperation with Greece — which faces its worst recession in decades as it struggles with its debt — on all fronts, including by setting up a shipping fund and doubling bilateral trade to $8 billion by 2015.

“China will set up a special Greek-Chinese shipping development fund for Greek shipowners on which it will invest, in an initial phase, $5 billion,” Wen told the news conference. “The aim is to offer Greek shipowners a basket of financial support to buy Chinese-made vessels.”

Greece and China pledged to stimulate investment in a memorandum of understanding and private companies signed a dozen deals in areas like shipping, construction and tourism. [ID:nATH005705] [ID:nATH005704]

With the global economic crisis and competition with other Balkan countries increasing, foreign direct investment in Greece fell from 6.9 billion euros in 2006 to 4.5 billion in 2009, according to Investment Ministry figures.

Chinese investment represents a very minor proportion of this, excluding a 35-year concession deal China’s Cosco signed in 2008 to turn the port of Piraeus into a regional hub for a guaranteed amount of 3.4 billion euros, according to port authority figures.

The investment memorandum does not target specific investment volumes, an official close to Investment Minister Harris Pamboukis said ahead of Wen’s visit.

“We want to build this strategic partnership with China,” the investment ministry official said. “The purpose is not a signature on something big.”

Wen will address the Greek parliament on Sunday and leave early on Monday for Brussels, where he will attend an EU-China summit before going on to Germany, Italy and Turkey.

Clinching business deals with countries such as China and Qatar would help boost confidence among Greek consumers and businesses, economic analysts said.

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Students and families join French pension protests

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , , , on October 4, 2010|

More protests in France a unrest continues throughout Europe and the world.  Will we be next?

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Students and families join French pension protests

PARIS (Reuters) – French families, students and private sector workers joined mass demonstrations on Saturday as trade unions ramped up pressure on the government to drop pension reforms.

Opposition to President Nicolas Sarkozy’s plan to raise the retirement age to 62 from 60 showed no signs of abating and hundreds of thousands across the country marched in the fourth round of rallies in as many months

Unions said that about 2.9 million had marched, while police said the crowds numbered 899,000. The union figure was about the same as at the last demonstrations on September 23. The police figure was slightly lower.

(more…)

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US Is ‘Practically Owned’ by China: Analyst

Posted in End Times Prophecy, One World Currency, tagged , , , , , , , on October 3, 2010|

More talk about the US and China switching places.  Here has been a lot of talk about this over the last few weeks.  It is really becoming more of a “when” question than “if”.  It is something we need to prepare for, America is not a big player in the end times.  We have been a major tool of God to spread His Word but we have fallen and are still falling…

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US Is ‘Practically Owned’ by China: Analyst

The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm Rivington Street Holdings, told CNBC.com Monday.

Gold [XAU=X  1315.55  6.75  (+0.52%)   ] hit a new record high Monday and silver [XAG=X  22.03  0.16  (+0.73%)   ] rose to another 30-year peak as investors were worried about the dollar weakening further after the Federal Reserve hinted at more quantitative easing last week.

The US trade deficit and debt continue to grow and the authorities are reluctant to address the problem, preferring to print money, Winnifrith said.

“America is practically owned by China,” he said.

(more…)

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Scared investors sitting on the sidelines

Posted in End Times Prophecy, One World Currency, tagged , , , , , on October 3, 2010|

Good article on the mindset of investors that are waking up.  It is also a side effect of all of the deception that is going on these days.  People just don’t know what they can trust and so they sit still and wait, uncertain of what ground is stable.  This is what Christ spoke of and told us the parable of the house built on the rock (Christ and God).  We must turn back to him to be saved.

Matthew 7:24-25 (NIV) – “24“Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. 25The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock.”

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Scared investors sitting on the sidelines

Take a look at the stock market these days, and it’s almost like investors are on strike.

For 20 weeks in a row, Americans have pulled money out of domestic mutual funds. They’ve taken their marbles – $70 billion worth during that time period – and essentially gone home. Some have gone into bonds, and some are just sitting in cash, but the idea of equities just seems to make them queasy. (more…)

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European debt woes hit world markets

Posted in End Times Prophecy, One World Currency, tagged , , , , , , on October 3, 2010|

More Global uncertainty as we see just how close to the cliff we sit as a world.  We know from God’s world that we will have a single world currency and economy during the end times.  What will be the trigger that pushes us over.  Ireland’s debt?  Spain’s debt?  Only God knows, so we must be watchful for signs and turn back to him!

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European debt woes hit world markets

LONDON (AP) — A new flare-up in Europe’s debt crisis hit world stock markets Thursday after Ireland announced it would sink more billions into its failed banks and Spain’s public debt rating was downgraded.

Ireland said it would put euro3 billion ($4.1 billion) more into Allied Irish and take majority control. Along with other bailouts, that would push the public deficit above 30 percent of annual economic output, a postwar record in Europe.

Meanwhile, Moody’s Investor Services cut Spain’s public debt rating, a move many in the markets had expected but which confirms that Europe will be slow to emerge from its debt crisis.

(more…)

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Things are coming apart before our eyes

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , on September 29, 2010|

Interesting analogy on our economy and the past year or two.  Take a minute or two and think back over the last year or two and how far and fast we have come.  It is breath-taking.  Almost not of this world…

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Things are coming apart before our eyes

I’ve been thinking about unraveling. Actually I’ve been thinking about the Obama administration, unemployment, housing, Afghanistan, our economic/ financial messes, the coming November elections, October surprises, and sand. Sunday I was gone all day. I went to church, I stayed for Sunday school, I went out to eat, and I attended a memorial service for a long time friend, Bud Elkin. I thought I looked pretty good in my khaki slacks, a white knit golf shirt, and my burgundy colored sweater over the top. I needed the sweater because it was cool – Fall was rapidly descending on us here. What I didn’t realize was that I had snagged the sweater around the side of the waist band. One thread of (more…)

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G-20 Should Seek Global Currency ‘Harmony,’ Larosiere Says

Posted in End Times Prophecy, One World Currency, tagged , , , , , , on September 29, 2010|

Global Currency talk gains steam…

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G-20 Should Seek Global Currency ‘Harmony,’ Larosiere Says

Sept. 28 (Bloomberg) — Leaders of Group of 20 nations must build a “more harmonized” global currency system to prevent the risk of competitive devaluations, said Jacques de Larosiere, author of a European report into the roots of the financial crisis.

“We have an international monetary system that doesn’t function well,” de Larosiere, the former head of the International Monetary Fund and the Bank of France, said today in an interview with Bloomberg Television in Brussels. “It’s a real concern.”

(more…)

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World gripped by ‘international currency war’

Posted in End Times Prophecy, One World Currency, tagged , , , , , on September 29, 2010|

More currency news, this will be a struggle since the entire world is wrapped up in fiat currency.  Could it all end in one world currency?

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World gripped by ‘international currency war’

The world is in the midst of an “international currency war” according to Brazil’s finance minister as governments force down the value of their currencies to boost their struggling economies.

The comments are the first public admission made by a senior policymaker about a practice which has become increasingly widespread since the global economic downturn.

Many countries, notably China, have been deliberately weakening their currencies by selling them on foreign exchanges or keeping interest rates artificially low to make their exports cheaper.

Read entire article

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Silver, gold prices coming down?

Posted in End Times Prophecy, One World Currency, tagged , , , , , , on September 29, 2010|

Warnings to make sure our priorities are in order.  We need to be concerned about our finances to a point but not to a point of obsession or fretting.  I like his quote at the end:

“He advises the best investment is for people to humble themselves, pray and seek God’s face, and turn from their wicked ways — a reference to 2 Chronicles 7:14.”

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Silver, gold prices coming down?

Gold barsBased on the information from today’s media, it may not seem plausible to think the gold and silver boom could become bust, but one investor points out that the bubble could soon reach its end.

Every day there are advertisements, sometimes during every commercial break, that proclaim even though gold and silver prices are at an all-time high, they will only get higher. But Art Ally, president of the biblically minded investment group The Timothy Plan, says it is possible that the industry could soon hit rock bottom.

Art Ally (more…)

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Dollar tumbles, gold hits record high

Posted in Deception, End Times Prophecy, One World Currency, tagged , , , , , on September 29, 2010|

Our dollar is in trouble, and we haven’t even printed the 1-2 trillion that we may need to, all of this is just on the statement that we are willing and subsequent actions by other nations, mainly China…

We are headed toward a dollar collapse and a global currency…

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Dollar tumbles, gold hits record high

The dollar sank against the euro and hit a record low point against the Swiss franc on Wednesday while gold struck a new all-time peak, as traders mulled possible US moves to boost its ailing economy.

Meanwhile in Asia, China’s central bank pledged to increase the flexibility of its exchange rate just as US lawmakers were to vote on legislation that could punish Beijing for alleged currency manipulation.

The People’s Bank of China promised to continue to implement an “appropriately loose monetary policy” and “increase currency flexibility”, according to a statement on its website.

(more…)

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Banks Keep Failing, No End in Sight

Posted in End Times Prophecy, One World Currency, tagged , , , , , on September 27, 2010|

Did you realize that 279 lenders have collapsed this year?  That is a ton.

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Banks Keep Failing, No End in Sight

Since WaMu Fell, 279 Lenders Have Collapsed; Lost Jobs, Curtailed Lending and the Big Get Bigger

The largest number of bank failures in nearly 20 years has eliminated jobs, accelerated a drought in lending and left the industry’s survivors with more power to squeeze customers.

Some 279 banks have collapsed since Sept. 25, 2008, when Washington Mutual Inc. became the biggest bank failure on record. That dwarfed the 1984 demise of Continental Illinois, which had only one-seventh of WaMu’s assets. The failures of the past two years shattered the pace of the prior six-year period, when only three dozen banks died.

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The first warning shot from China…

Posted in End Times Prophecy, One World Currency, tagged , , , , on September 27, 2010|

Looks like China has taken first steps to retaliate against the strong talk and bill working its way through congress.  As I mentioned before, this could be a trigger point if at any time China decided to stop buying our debt and began to de-invest in our debt that they currently hold.

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Ahead of the Bell: China imposes tariff on chicken

NEW YORK (AP) — Shares of the nation’s chicken producers could tumble on Monday after China said it will slap a hefty tariff on U.S. chicken imports to combat what it says are unfairly low prices.

The Chinese government said Sunday that its investigation found that U.S. chicken products are being sold at low prices which undermine the local market. New import duties ranging from 50.3 percent to as much as 105.4 percent will take effect Monday and last for five years.

(more…)

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Romanian govt in uproar amid austerity protests

Posted in Deception, One World Currency, One World Government, tagged , , , , , , , , , on September 27, 2010|

More pain in europe as they begin facing reality of over promising.  Is this a glimpse of what we will see here in the US once we finally face reality.

We are in almost the exact same situation as Greece and Romania, except that we are not tied to other countries through a shared currency, so we are free to inflate ours, devaluing the dollar, at will.

All of this is guiding the nations of the world toward a global government, question is will in culminate before or at the point of the Antichrist’s rise.

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Romanian govt in uproar amid austerity protests

BUCHAREST, Romania (AP) – The Romanian government is in an uproar – the interior minister has resigned, the opposition is demanding that the prime minister join him and top police officials are holding emergency talks with the president.

The chaos on Monday reflects the latest fallout from the sharp wage cuts and austerity measures the government has taken to fight its budget deficit amid a deep recession.

(more…)

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Ice Dot Could Save a Football Player’s Life

Posted in Deception, End Times Prophecy, Mark of the Beast, One World Currency, One World Government, tagged , , , , , , , , , on September 27, 2010|

More baby steps toward acceptance of an RFID chip.  Athletes are beginning to wear these each week in games and practice.  It is another step moving the acceptance meter toward everyone needing one…

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An Ice Dot Could Save a Football Player’s Life

Some college football players are carrying a few grams of extra gear this season, and it could save their lives — yours, too.

The In Case of Emergency Dot (or ICEDOT) is a small red disc that snaps onto a person’s shirt. The incredibly low-tech plastic chip grants access to an incredibly high-tech world of info, through a unique eight-digit number that medics can activate and receive a patient’s complete, current health information in seconds.

(more…)

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US Congress committee approves China sanctions bill

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , , on September 26, 2010|

Oh boy, here we go, doing exactly what China warned against, see my previous posts listed below:

Geithner Steps up China Yuan Policy Criticism

Chinese think tank warns US it will emerge as loser in trade war

This was one of the triggers I discussed in that post.  If China retaliated by selling off (dumping) our treasury debt, then we would see the Federal Reserve need to jump in a purchase our debt by printing money to do it.  Another trillion dollars of inflationary printing, with China alone, not counting others that pile on to the sell off.  It would crash our currency over a short period of time.

This could set us up for the coming single world currency and vulnerable/open to the single world government scenarios as we search for stability.  As I have stated above, we don’t know what will trigger it, but it will be interesting to see what is the final straw…

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US Congress committee approves China sanctions bill

A US Congress committee has approved a bill that would place retaliatory trade sanctions on China.

It means the House of Representatives – the lower chamber of Congress – will vote on the bill next week.

The bill would allow the US to impose import duties on countries who have fundamentally undervalued currencies.

To become law, the bill would also need support in the Senate, which is less certain ahead of mid-term Congressional elections due in November.

The US accuses China of holding down the value of its currency, the yuan, in order to give its exports an unfair price advantage.

(more…)

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On the Secret Committee to Save the Euro, a Dangerous Divide

Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , on September 26, 2010|

Interesting article on the dangers our world economics face with fiat currency and the levels at which it can be manipulated, whether you deem the manipulation for good or evil purposes.  We are primed as a world for one world currency and one world government.  Almost as if on cue with God’s prophecy, it will be interesting to see how it unfolds.

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On the Secret Committee to Save the Euro, a Dangerous Divide

BRUSSELS—Two months after Lehman Brothers collapsed in the fall of 2008, a small group of European leaders set up a secret task force—one so secret that they dubbed it “the group that doesn’t exist.”

Its mission: Devise a plan to head off a default by a country in the 16-nation euro zone.

When Greece ran into trouble a year later, the conclave, whose existence has never before been reported, had yet to agree on a strategy. In a prelude to a cantankerous public debate that would later delay Europe’s response to the (more…)

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Regulators shut banks in Florida, Washington state

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , on September 26, 2010|

More banks are closing, this has escalated quite a bit from last year.

Another notch, in gauging our countries economic health.  Keep watchful, we are on unsteady ground.

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Regulators shut banks in Florida, Washington state

WASHINGTON (AP) – Regulators on Friday shut down small banks in Florida and Washington state, bringing to 127 the number of U.S. bank failures this year on a wave of loan defaults and economic distress.

The Federal Deposit Insurance Corp. took over Haven Trust Bank Florida of Ponte Vedra Beach, Fla., with $148.6 million in assets and $133.6 million in deposits, and North County Bank, based in Arlington, Wash., with $288.8 million in assets and $276.1 million in deposits.

(more…)

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Aloha Bible Prophecy – 09-19-10

Posted in Christian Persecution, Church Falling Away, Days of Noah, Deception, End Times Prophecy, One World Currency, One World Government, One World Religion, Rapture, Salvation, tagged , , , , , , , , , , , , on September 23, 2010|

Wonderful teaching about prophecy from the pulpit, oh I wish we could have more of this these days in our churches…

I plan on pulling the end times portions each week and posting them here.

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Obama tells UN leaders world has dodged depression

Posted in Deception, End Times Prophecy, One World Currency, One World Government, Uncategorized, tagged , , , , , , , on September 23, 2010|

It is pretty bold of him to say we have dodged depression.

I am not sure any of the economic indicators back that up.

But that doesn’t stop the deception.

If we look to prophecy, we know that the current world’s economy must be brought down and replaced with a cashless system that can be used by the Antichrist to control who can buy and sell.

It is just a matter of timing, we see the tools being created and put in place today.

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Obama tells UN leaders world has dodged depression

UNITED NATIONS – President Barack Obama is calling on world leaders to support new efforts to bring about peace in the Mideast, while declaring the global economy has been “pulled back from the brink of a depression.”

Obama, visiting the United Nations where world leaders are gathered, says “America has joined with nations around the world to spur growth and renewed demand that could restart job creation.”

(more…)

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The Black Box That Dictates Tax and Spend

Posted in Deception, One World Currency, One World Government, tagged , , , , , , , on September 21, 2010|

Fiscal multipliers, something you should know about because they impact you in oh so many ways.  It is all part of the jigsaw puzzle that is our government.  It is amazing how much influence those that we never elect have on our government.  Sometimes I question, what do we pay our elected official for, what do they actually do?

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The Black Box That Dictates Tax and Spend

“Fiscal multipliers.”

It’s a black box term used in DC to determine which tax and spend policies deliver the biggest bang for the buck, a term that is so cryptic, even economists can’t quite agree on how they work.

But fiscal multipliers can do great damage to your wallet because they dictate all sorts of tax and spend legislation.

Notably, this theoretical bling is used to justify the DC fiscal dipsomaniacs’ very expensive Keynesian spending “multipliers.”

More and more spending that creates a possible devaluation of the dollar which creates inflation. Since all sorts of taxes, including the capital gains tax, the estate tax, and the alternative minimum tax,  are not indexed to inflation, taking more taxes from you and me due to government-caused inflation is immoral.

Fiscal multipliers also provide political cover for almost any legislative science project Congress cooks up.

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US Government ‘hiding true amount of debt’

Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , on September 21, 2010|

It is hard to believe Government statistics these days, there is so much spin and discounting certain groups or redefining definitions of economics.

Why do we not count food & groceries, gas & oil, and energy from our inflation numbers?

Why do we not count individuals that have stopped looking for jobs from our unemployment numbers?

Why do we not count any of our promised benefits of Social Security, Medicare, and pensions in our national debt?

Why do we not know the balance sheet of the Federal Reserve, a private, yes private bank we have given the right to print money for us and charge us interest?

Do we know what our national debt really is?  Keep reading…

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US Government ‘hiding true amount of debt’

THE actual figure of the US’ national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited on Sunday by the New York Post.

“The Government is lying about the amount of debt. It is engaging in Enron accounting,” said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming Generational Storm: What You Need to Know about America’s Economic Future.

“The problem is we’re seeing an explosion in spending,” added Andrew Moylan, director of government affairs for the National Taxpayers Union.

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Fed Signals It May Take Further Steps to Boost Economy

Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , , , on September 21, 2010|

Here we go folks, the trigger hasn’t been pulled but the Fed said they would and are looking to at the appropriate time.  Gold shot up as soon as it was announced, which means the market believes they will use “quantitative easing”.  Printing money to buy debt.  The US dollar also declined on the news.  You must remain watchful, for as soon as they pull the trigger, know inflation, maybe hyperinflation is on the way.

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Fed Signals It May Take Further Steps to Boost Economy

The Federal Reserve on Tuesday inched closer to fresh steps to bolster a sluggish U.S. recovery, saying it stood ready to provide more support for the economy and expressing concerns about low inflation.

United States Federal Reserve
Tetra Images | Getty Images
United States Federal Reserve

The U.S. central bank’s policy-setting panel made no shift in monetary policy at the end of a one-day meeting, keeping overnight interest rates near zero, but it opened the door wider to pumping more money into the economy.

“The committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate,” the Fed said in a statement.

After its meeting on August 10, the Fed had simply said it would “employ its policy tools as necessary.” The Fed underscored its concerns over slowing inflation in its statement on Tuesday, saying the underlying rate of inflation was below levels consistent with its mandate for price stability and full employment.

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Fed Mulls Trillion-Dollar Policy Question

Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , , on September 20, 2010|

Big decision tomorrow…

Do we fire up the printing press for another…gulp…1-2 trillion dollars?

Quantitative Easing = print money to cover purchase

This is one of the triggers we have been watching that could signal our collapse and make way for global currency and eventually global government.

We will see, tomorrow is the first decision point…

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Fed Mulls Trillion-Dollar Policy Question

How much of a boost to the U.S. recovery could another trillion dollars or two buy?

United States Federal Reserve. Leaders at the Fed meet Tuesday to analyze the benefits of increasing the money supply.
Tetra Images | Getty Images
United States Federal Reserve. Leaders at the Fed meet Tuesday to analyze the benefits of increasing the money supply.

That’s a tricky question for the Federal Reserve when it meets Tuesday to debate what would warrant pumping more money into the financial system.

To battle the financial crisis, the Fed bought $1.7 trillion of longer-term Treasury and mortgage-related bonds, supplementing its pledge to keep interest rates near zero for a long time.

All told, it helped stabilize a collapsing financial system and to avert what could have been a second Great Depression.

Now, faced with a 9.6 percent jobless rate and below-target inflation, Fed policymakers are trying to gauge how much they could achieve if they resume massive quantitative easing.

Few analysts expect the Fed to launch a new round of bond buying this week, and uncertainty over the impact of fresh moves may be a factor keeping the central bank on the sidelines.

“I think part of the hesitancy of the committee to use quantitative easing a second time around relates to views of its effectiveness,” said Vince Reinhart, a former Fed staffer.

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Spain is taking over private retirement accounts, forcing them to buy govt debt

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , , on September 20, 2010|

Here is an article about the US that toward the end makes mention that Spain is forcing private retirement accounts to purchase government debt.

“And that is if the government itself does not confiscate pensions and retirement savings and demand that they be put into soon-to-be-worthless government debt. Far fetched? Spain’s secretary of state for social security, Octavio Granada, was recently quoted as saying that by the end of 2010 some 90% of all Spanish pension savings will be “invested” in domestic government debt. Spain isn’t some 3rd world banana republic and they are already moving strongly in this direction. With trillion dollar deficits as far as the eye can see, where else can the US Government hope to get the money to fund all their debt?”

As he stated, Spain is not a third world country, this was also done in Argentina but that was written off as being a developing nation struggling with hyperinflation.  Spain is like us, just smaller and a few steps ahead.

There are a lot of other good points in this article, I just wanted to bring your attention to what Spain has done, based on what I posted earlier.

Administration’s Secret Plan to Hijack Your 401(k)s and IRAs

Look out we are headed for a collapse.

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A Generational Perfect Storm – Boomerang Kids Meet the Homeless Baby Boomers

When times are good, or at least relatively good, unsustainable trends can appear sustainable. The now-aging baby boomers who had a lot of their wealth tied up in their home and the stock market were feeling great. They had just come off of a 20 year super-bull market in equities and up until 2007 they were seeing the value of their home increase by leaps and bounds every year.

Sure, their kids were scraping by on credit card and student loan debt. But there were jobs to be found and even if they couldn’t scrape by they could always count on some help, and even housing, from Mom and Pop.

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British Government to Seize All Paychecks

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , , on September 20, 2010|

This is Brilliant!

How much more efficient would this be than our current system?

If we send the government our entire paycheck each week and then they tell us how much of it we can have.

Oh, can’t wait till this comes across the pond!

Seriously, how much more primed to we need to be for total government control of our lives?

Answer, not much if this passes…

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British Government to Seize All Paychecks

Paul Joseph Watson & Alex Jones
Infowars.com
September 20, 2010

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Forget big government – the same elite whose policies caused the financial collapse are now ready to launch the next phase of their fascist takeover of the economy – by forcing businesses to send employee paychecks straight to the government, who would then deduct the “appropriate tax” before the employee receives their wage, as the statist cancer of collectivism grows.

The proposal represents another hammer blow to financial privacy, as the establishment moves towards a total cashless society where every transaction is tracked, traced and controlled by the authorities.

“The UK’s tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and the pay the employee’s by bank transfer,” reports CNBC.

The system would be run by the same organization, Her Majesty’s Revenue and Customs (HMRC), that has become notorious for its botched handling of data and incorrect tax calculations which have forced people to spend months and even years trying to claim back unfairly claimed money seized by the taxman.

But this story is about far more than the threat of mere bureaucracy or bumbling incompetence – this is about the (more…)

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Millennium Goals pose test to global governance structures

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , on September 20, 2010|

We have progressed to the point that they are not even trying to hide it any more.  My favorite line is:

The international nature of these global goals leaves individual nations struggling for effective solutions that transcend their borders. That’s where “global governance” comes in.

I love that, “That’s where ‘global governance’ come in.”  Woo Hoo!

They continue:

It works to create international structures capable of dealing with issues of global significance, and the closer the MDGs come to their deadline of 2015 the clearer multinational cooperation becomes.

Ah those MDGs, the United Nations Millennium Development Goals.

There you have it.  If you want an even more in-depth look at the UN’s plans and hurdles, check out the link below to a post I made earlier.  Must See: Global Governance:  Here is the playbook…

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Millennium Goals pose test to global governance structures

After the UN set ambitious goals for improving the lives of millions of people, global governance has come to the fore. When addressing issues of worldwide significance many nations need to be at the table, experts say.

The United Nations Millennium Development Goals (MDG) include pledges to wipe out extreme poverty, achieve universal primary education, promote gender equality, reduce rates of child mortality, fight epidemic diseases, and develop a global partnership for development.

The international nature of these global goals leaves individual nations struggling for effective solutions that transcend their borders. That’s where “global governance” comes in. It works to create international structures capable of dealing with issues of global significance, and the closer the MDGs come to their deadline of 2015 the clearer multinational cooperation becomes.

States’ changing role

“The old idea was that nation states need to be as independent as possible to be responsible to their own population,” said Dirk Messner, director of the German Development Institute. “It’s now become clear that we are dealing with global interdependencies and that we have to politically organize them.”

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Wall Street’s Engines of Profit Are Freezing Up

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , on September 20, 2010|

So a surprise to whom is my only question?

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Wall Street’s Engines of Profit Are Freezing Up

Inside the great investment houses on Wall Street, business has taken a surprising turn — downward.

Even after taxpayer bailouts restored bankers’ profits and pay, the great Wall Street money machine is decelerating. Big financial institutions, including commercial banks, are still making a lot of money. But given unease in the financial markets and the economy, brokerages and investment banks are not making nearly as much as their executives, employees and investors had hoped.

After an unusually sharp slowdown in trading this summer, analysts are rethinking their profit forecasts for 2010.

The activities at the heart of what Wall Street does — selling and trading stocks and bonds, and advising on mergers — are running at levels well below where they were at this point last year, said Meredith Whitney, a bank analyst who was among the first to warn of the subprime mortgage disaster and its impact on big banks.

Worldwide, the number of stock offerings is down 15 percent from this time last year, while bond issuance is off 25 percent, according to Capital IQ, a research firm. Based on these trends, Ms. Whitney predicts that annual revenue from Wall Street’s main businesses will drop 25 percent, to around $42 billion in 2010, from $56 billion last year.

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Precious Metals: “The Canary In the Coal Mine”

Posted in End Times Prophecy, One World Currency, One World Government, tagged , , , , , , , , on September 20, 2010|

Good Article from Rapture Ready’s weekly Nearing Midnight section.  Follow up to my “Atlas just Shrugged” post earlier in the week.

I have also included the video link below in the article:

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Precious Metals: “The Canary In the Coal Mine”

The precious metals market has been on fire. Last week, gold hit a fresh all-time high and silver reached a new two-year high. In London, spot bullion hit a nominal record of $1,286 a troy ounce. The yellow metal has risen 17 percent since January. Gold is heading for its tenth consecutive annual gain, the longest winning streak since at least 1920.

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Atlas just shrugged

Posted in Mark of the Beast, One World Currency, One World Government, tagged , , , , on September 17, 2010|

This is a great article on the state of our worlds fiat currency systems and their attitude toward gold.

Greenspan made an amazing statement this week.  He stated on September 15th:

“Fiat money has no place to go but gold.”

What could he mean by that?  He continued:

He further commented that “if all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.”

Unfortunately, they aren’t as outline further in the article.

These events are all starting to intersect.  No Fiat currency has ever succeeded.

We will at one point, see our leaders declare that the current currencies are not working but there is a better plan to move to a single more stable global currency.

Until then we will continue to see the attacks on gold, to keep the fiat illusion firmly in place.

If you haven’t read Atlas Shrugged, I would highly recommend it.  I began reading it recently and it was spooky how all the characters and philosophies could have just as easily been the last two years.  They matched exactly…

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Atlas just shrugged

On September 15 former Federal Reserve Chairman Alan Greenspan made a speech to the Council on Foreign Relations. Some very interesting comments he made with respect to gold in response to a question were reported in an editorial in yesterday’s New York Sun, “Greenspan’s Warning on Gold”:

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