ECONOMIC NEWS
Recently, in an interview on Greek television, Member of Parliament for New Democracy, Mr. Panos Kammenos, made allegations that if true, could very well constitute treason for the Greek Prime Minister, members of his staff and possibly members of his own family. Implicit in these most recent and quite damming accusations therefore, is that the Prime Minister not only arranged for, facilitated and possibly forced the sale of a national asset (the 1.3 billion in CDS that would turn into 27 billion – a roughly 2,700% gain – if the type of partial default priced in by markets were, in fact, to occur) to a private firm that he or members of his family had a personal stake in, but that he also did so during a period where he knew that the value of this asset would rise substantially. In fact, his own words and actions had the potential to positively affect the outcome. Read more
A day is coming when the rest of the world will decide that it no longer has faith in U.S. dollars or in U.S. debt. When that day arrives, the game will be over.
Traditionally, two of the biggest things that the U.S. economy has had going for it were the U.S. dollar and U.S. Treasuries. The U.S. dollar has been the default reserve currency of the world for decades. All over the globe it was seen as a strong, stable currency that was desirable for international trade. U.S. government debt has long been considered the “safest debt” in the entire world. Whenever there was a major crisis, investors would flock to U.S. Treasuries because they were considered a rock. Sadly, all of this is now changing. Today the rest of the world is losing faith in the U.S. financial system. In fact, even the United Nations is now warning of the collapse of the dollar…Read more
Many have speculated going back several years that the fulfillment of end of the world prophecies would begin with a collapse of the US dollar; this will be a more earth shaking event than a 9.5 magnitude earthquake. The demise of the dollar becomes more and more imminent with each passing day. When the day arrives that China begins to openly dump the dollar, the world as we know it will end overnight. China is now doing it covertly but still openly enough that it is being noticed by other nations that have begun to do the same.
DEVELOPING FAMINES AND FOOD SHORTAGES
…On the other side, the drought in the Yantze River region is getting more serious. Dongting Lake, for instance, is now becoming a grassland. Logistics is also affected as the rivers and lakes have not enough water for bigger boats to pass through. The fear now is that food production will be affected if the drought continues for any longer as 104.4 million mu of agricultural land is affected by droughts. Both will increase inflationary pressure, particularly food prices inflation. Now the situation is getting quite challenging indeed. The economy is definitely slowing, but inflationary pressure is not easing as much as one would hope, and the drought is only adding fuel to the inflation. …
Read more: http://www.businessinsider.com/china8217s-inflation-dilemma-2011-5#ixzz1NwDcfFiC
Read more: http://www.businessinsider.com/china8217s-inflation-dilemma-2011-5#ixzz1NwDcfFiC
This is a huge story because it comes with a double whammy of China’s economy (and therefore the world’s economy) slowing down, as well as creating a significant food shortage and food inflation problem that will certainly have wide ranging impact, not just on China but the whole world. There are so many serious food supply problems in the world today, as never before seen in history, that famine, hunger, and starvation are the only logical outcomes. The only question is how many victims will hunger claim even as Wall Street continues to enrich herself with absolutely ungodly and immoral commodities trading that drive prices up for the sake of profit and cause even more of the poorest to go hungry and stave?
Revelation 6:8 And power was given unto them over the fourth part of the earth, to kill with sword, and with hunger…
James 5:1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you… verse 4 behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.
The whole modern system of banking, finance and commerce is a fraud that defrauds the poorest of the poor, even of their most basic necessities so that some utterly depraved banker with $5000 suits and $100 cigars can live the high life! And God is supposed to keep silent about all this? He is not silent, His thunder is being heard from pole to pole but is anyone listening? Wait until the tornadoes become hurricanes, and bigger earthquakes and tsunamis and volcanoes ravage the planet, leaving no region untouched, and tens of millions begin to die, then maybe the world will hear what God the LORD is saying to them! On second thought, man’s heart has been so hardened from the deceitfulness of sin that it is doubtful that more than a small remnant will ever truly hear the voice of God or see the hand of God in these disasters that are a result of His judgment. No, they will keep on keeping on believing that things will go back to normal even as their world is falling apart all around them.
wars / revolutions / ‘terrorist’ attacks
The Intel Hub / By Alex Thomas
The stage has been set for a nuclear false flag in America. Many in the alternative media have wondered if a false flag nuke attack within America is a real possibility. Would they do it? Who would it be? What cities would be targeted? Read more
As scary as it is to contemplate such a scenario, too much information has been released, overtly and subliminally through movies / TV shows etc. that point to one or more nuclear attacks being carried out in US cities and other targets around the world. This well written article contains many video clips and links to other articles and News reports that leave little doubt that this is far from a hypothetical scenario. The world’s decent into Anarchy will not be a result of an Economic collapse alone but will be greatly exacerbated by wars, terrorist attacks, major extreme weather events, famines, and pandemics. The perfect storm will hit when all these things happen simultaneously resulting in the deaths of a couple billion people (for starters.) Study the Bible to understand that these things will happen because they have been prophesied to happen, and the whole purpose of prophecy is that it would be fulfilled some day. We are now fast approaching the days of the fulfillment of all things that are written.
Luke 21:22 For these be the days of vengeance, that all things which are written may be fulfilled.
Celente says riots from Iran to Spain are the beginning of another world war, precipitated by food prices, unemployment and inequality…What's constant in all of these uprisings are the few factors that are undeniable. Food prices at all-time highs. Unemployment at record highs… Read more
I have reasoned for some time now that a state of ANARCHY, of societal breakdown in every part of the Globe is imminent due to multiple reasons; I think the process will be greatly accelerated by a collapse of the Global Economy. Add in major wars, food riots, famines and mass starvation, unprecedented extreme weather events and a possible pandemic, and Celente’s forecast of Global revolutions by winter may indeed become fact. The world may go Mad Max sooner than most people realize. It amazes me how people go about their lives as if everything was ‘normal’. The power of self – delusion is great indeed in human beings. Unless a disaster, a war, a pandemic or famine does not directly affect them, people continue to believe that no such thing can ever happen to them until it does.
May 31, 2011 – JERUSALEM – An Israeli Cabinet minister said the civilized world must take joint action to avert the Iranian nuclear threat, including a pre-emptive strike if necessary. Moshe Yaalon — the minister for strategic affairs — made the statement in an interview with Russia’s Interfax news agency released Monday ahead of a visit to Moscow. “We strongly hope that the entire civilized world will come to realize what threat this regime is posing and take joint action to avert the nuclear threat posed by Iran, even if it would be necessary to conduct a pre-emptive strike,” Yaalon was quoted by Interfax as saying. Yaalon wouldn’t discuss who might deal the strike, saying the entire world, not just Israel, must be concerned about the danger posed by a nuclear-armed Iran. Read more
Is it just me or do other people get the feeling of Déjà vu when they read reports such as the one quoted above? I am beginning to think I am living in Groundhog Day, the stories are the exact same with the exception of one letter in the name of the countries involved, an ‘N’ instead of ‘Q’. I think they are just dusting off the same old stories about the nuclear threat from IRAQ circa 2002 – 2003 and replacing IRAQ with IRAN. With public having such a short memory why bother writing new reports; why not recycle the old ones? Recycling is good for the planet, isn’t it? And dropping a few more bombs is good for business isn’t it? I mean dropping million dollar bombs is humanitarian and makes the world a better place! Bombs for Peace! What wise leaders we have! Who else but these peace loving, humanitarian, selfless and fearless leaders of the so-called 'Free World' could have figured out that war is the way to bring peace. We Want War, We Want War, We Want War – this should be the new slogan for the peace movement. John Lennon would have been all for the Vietnam war had he figured out that War is Peace!
Extreme Weather News
Lola Gillette doesn't even bother going outside her Central Texas home anymore. Last year, her Marble Falls was infested with grasshoppers, and this year is no different. "I lost five trees to them last year," explained Gillette. Thousands of grasshoppers stripped her peach trees and ate her lawn furniture. Read more
The above video about the mice infestation has some dramatization in it but it is true nonetheless that this is a problem of Biblical proportions in parts of Australia right now. I read a report just the other day about farmers coating their lifestock like pigs with motor oil to keep the mice away. Yes, these mice come and eat pieces of flesh off living animals, the situation is that drastic! And how healthy can the meat be that is being coated with motor oil every day?
Insect infestations, especially locusts are a sure sign of God’s judgment. I believe problems related to insects and rodent infestations will increase, both in frequency and magnitude in coming years. Most people dismiss such reports by saying or thinking to themselves that ‘these things are always going on’; how they miss the forest for the trees is in the fact that when we add up all the problems related to climate, geophysical disasters and earth changes, ‘all these things have not been going on’ at the same time ever in history. As Mr. Spock would say it is illogical that all these problems will just disappear when they are clearly getting bigger and bigger. The only time most people will admit to these problems is when they are being killed by these ‘unnatural’ disasters. Kinda late to do anything about it then, is it not?
Joel 2:25 And I will restore to you the years that the locust hath eaten, the cankerworm, and the caterpiller, and the palmerworm, my great army which I sent among you.
If there is one things that people can take away from these News Updates, I wish that they would understand that nothing happens randomly or without cause. God is always in control of His creation, and has ABSOLUTE control over all the processes of what we call ‘Nature’. Contrary to popular belief, even in religious circles, God has neither abandoned nor abdicated control over this planet to man or any other creature. Man only fools himself into believing that he is in control but as Fukushima and Joplin and countless other disasters prove man has no power over God’s creation; man is a weak, easily destructible vessel with a very big ego. God’s Word tells us that He alone has power over these plagues, and if He alone has the power, then these plagues cannot come without His intention to send these plagues, whether they are insect or rodent infestations or they are deadly viruses or even warfare and extreme weather disasters. These are all an expression of His extreme displeasure with the evil of man on Earth. And since there is little chance that man will repent and change, these plagues are only going to get more severe – we have been warned!
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