Tuesday, March 24, 2009
By Paul Proctor
March 18, 2009
Anyone with an ounce of discernment can tell that our world is losing it. Sin has its consequences; and it’s clear to many now that we are beginning to reap what we have sown.
Oh sure, there have always been liars, thieves, con men, murderers, drunkenness, debauchery, lasciviousness, perversion, profanity, blasphemy, violence and cruelty; but have you ever seen depravity so widely accepted in America? And, what a passion and pride we have for it now!
Brazen sin, as the Bible defines it, has become our cultural standard – the rule rather than the exception. That’s what brought fire and brimstone raining down on Sodom and Gomorrah! And we act as if that tragic story from Genesis 19 was just a fable – that the Lord would never actually bring judgment to the fruited plain.
But, God does not need America – America needs God.
We’re so proud of our depravity that we mass market now. It’s what America is known for around the world. It’s our trademark! And, selling our depravity as entertainment is no longer limited to the seedy side of society, but is now readily available in primetime and on main street in almost every format and venue imaginable, as news, commentary, business, music, sports, politics, religion, retail, drama, documentary, gossip, cartoon, commercial, sitcom, standup, talk show, game show and reality TV.
It’s on your big screen – it’s on your laptop – it’s on your radio – it’s on your CDs, DVDs, MP3s and in 3D. It’s on your cell phone and on your home phone – it’s in your mailbox and in your inbox.
It’s on billboards, banners and in bathrooms – it’s in courtrooms, classrooms and chat rooms. It’s in print ads and in want ads – in pop ups and in previews – on t-shirts and tattoos and clothes you can see through.
It’s in analog, digital, high def and blue ray – it’s in musicals and plays both on and off Broadway. It’s in videos, in bloopers, in trailers and in teasers to tempt everyone from grade-schoolers to geezers.
It’s at the ballgame – it’s at the theater – it’s at the mall – it’s at the park – it’s on parade – it’s in concert in broad daylight and at dark. It’s in hotels and motels, in lodges and in bars – it’s right out your window and staring from cars.
It’s in clubhouses, bathhouses, crack houses and church houses – where cursing and lewdness are met with roundhouses. It’s in studios, spas, salons and in parlors – at clinics and centers that take credit or dollars.
It’s right on the shelves of your local library – It’s in magazines and tabloids where customers tarry at the grocery, the bookstore, the drug store and quick mart – with shocking new photos and headlines of gossip.
It’s at your kid’s school and in back of the bus – and hidden in lockers behind all their stuff. It’s studied at college in classes with teachers proclaiming their theories like humanist preachers.
It’s just business – a living – a career move – an occupational hazard – a hobby – a pastime – a charity event – a good cause – a talent – a gift – a vice – an accident – an excuse – a diversion – a disease – a disorder – a journey – a ministry – a memoir – a book deal – a good deal – a way out of poverty and a means to an end – not to mention a basic human right.
Sin has come a long way since the Garden of Eden, but its wages are still the same even though many would have us believe it’s all relevant in our evolutionary world – a sure sign of madness.
And where is the church in all this?
They’re right in the middle of it looking for market share with a designer Jesus.
“For all that is in the world, the lust of the flesh, and the lust of the eyes, and the pride of life, is not of the Father, but is of the world. And the world passeth away, and the lust thereof: but he that doeth the will of God abideth for ever.” –1st John 2:16-17
Send for your free booklet: The United States and Great Britain in Prophecy
Thursday, March 19, 2009
Is there an unbroken “apostolic succession” of Roman bishops extending from Peter to the present Pope Benedict XVI? What does history reveal about long-standing claims of special authority for the Bishop of Rome?
Is the Pope in Rome really the current earthly representative of Jesus Christ, in apostolic succession from the Apostle Peter?
Read more: Papal Primacy?
An unnamed former highly-placed U.S.intelligence official has broken silence and says that America may soon be abandoning Israel in favor of the Arabs. “This is just the beginning”, he said, "Israel could be about to lose the support of the United States."
The source made these remarks in an exclusive interview with Douglas J. Hagmann, the director of the Northeast Intelligence Network (NIN), which is comprised of veteran licensed professional investigators, analysts, military affairs specialists and researchers.
The group has combined their resources to provide accurate and well-sourced information via their website. More
Rupert Murdoch: I am not Jewish but...
Over the years, some of my wildest critics seem to have assumed I am Jewish. At the same time, some of my closest friends wish I were.
In Europe, men and woman who bear the tattoos of concentration camps today look out on a continent where Jewish lives and Jewish property are under attack - and public debate is poisoned by an anti-Semitism we thought had been dispatched to history's dustbin.
IN THE WEST, we are used to thinking that Israel cannot survive without the help of Europe and the United States. Tonight I say to you: Maybe we should start wondering whether we in Europe and the United States can survive if we allow the terrorists to succeed in Israel. More
Tuesday, March 17, 2009
By VOA News 16 March 2009
The European Union says its relations with Israel will depend on the Jewish state's commitment to a two-state solution to the Israeli-Palestinian conflict
Obama Administration Overhauls US Mideast Policy
By Meredith Buel Washington11 March 2009
The Obama administration is moving quickly to overhaul American policy on the Middle East, sending top envoys to the region and promising to push hard for a two-state solution to the Israeli-Palestinian conflict.
Objects may be more Obama than you think
There is a long progression of debauchery, leaving God's moral codes, self serving selfishness and the Deuteronomy manifestations of the curses upon Israel for not obeying God...
America is beginning to reap the benefits of a vassal king of the German Assyrians. All of last year, these people with Birdie Obama plundered the United States and world to assist in getting him installed into the White House.
The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis.
Printing money: £150 billion leap in the dark for Bank of England
The Bank of England has taken an historic "step into the unknown" by pledging to create £150 billion of cash and pour it into Britain's stricken financial system.
Monday, March 16, 2009
Israel faces an enemy whose sole motivation to destroy Israel
Is Israel Being Held To A Different Standard Or Is It Simply Anti-Semitism?
Netanyahu envisions 'major' war in coming months
Obama: Pro-Israel talk, anti-Israel walk
Israel recognition not on table of Arab talks
Who has Obama's ear on Middle East policy? Not friends of Israel
Concern Over Clinton`s Trip To Middle East
Send for your free copy of The Middle East in Prophecy and Fourteen Signs Announcing Christ's Return
Friday, March 13, 2009
I am a student of history. Professionally I have written 15 books in six languages, and have studied it all my life. I think there is something monumentally large afoot, and I do not believe it is just a banking crisis, or a mortgage crisis, or a credit crisis. Yes these exist, but they are merely single facets on a very large gemstone that is only now coming into a sharper focus.
Something of historic proportions is happening. I can sense it because I know how it feels, smells, what it looks like, and how people react to it. Yes, a perfect storm may be brewing, but there is something happening within our country that has been evolving for about ten—fifteen years. The pace has dramatically quickened in the past two.
Read entire article: "Something of Historic Proportion is Happening"
By: Joel Bainerman
Israelis have probably never thought very much about what the Roman Catholic Church/The Vatican thinks about “end of days” theology. Jews themselves don’t give much thought to what will happen when “Gog and Magog” takes place. Jews don’t go in for anything the least bit “next world” but instead are firmly planted in the here and know. That’s good.
However it doesn’t matter what Jews think, what matters is what The Vatican believes, and why it believes this. Judaism, and modern Jewish thought pretty much just dismisses the basic tenets of Catholicism outright and doesn’t even bother addressing the core questions of what is behind “Catholic theological claims.”(Read more…)
What Does The Vatican Want?...
A Chronology Of The Attempt By The Vatican To Displace Israel From The Old City Of Jerusalem...
It doesn't matter if religious Jews or Israelis think that "Catholic theology" is "strange looking" or extremely "ritualistic." What matters is that all Israelis understand that The Vatican has a secret agenda and it includes stealing the Old City of Jerusalem away from the Jews. That is what you need to know and understand.
Unfortunately, this agenda is being carried out in secret and behind your back and that is why you are ignorant of its true aims. The purpose of this essay is to warn you of these exact intentions of The Vatican so that you will be an "informed consumer" when it comes to Israel's relations with the Roman Catholic Church. Even the overt clauses of the Vatican agreement, the exchange of ambassadors and the opening of the Vatican archives to Israeli researchers, have not been fulfilled by The Vatican.
From an Israeli perspective, the "Fundamental Agreement Between The Holy See and The State of Israel" has been a complete failure and should be immediately rescinded.
Thursday, March 12, 2009
Terrorist group calls for murder of Jews, destruction of Israel
Posted: March 11, 200911:35 pm Eastern
By Aaron Klein© 2009 WorldNetDaily
JERUSALEM – There is deep concern among Palestinian Authority President Mahmoud Abbas' Fatah organization that the U.S. government has changed its attitude toward Hamas and may be ready to end the terrorist group's isolation, a senior PA negotiator told WND.
"Three years of the siege against Hamas is ending," said the PA negotiator, speaking from Ramallah on condition his name be withheld. "There is a new policy in the Obama administration regarding Hamas. We are concerned Hamas is starting to be a legitimate player in the equation of the Mideast and the PA."
Read more: Terrorist group calls for murder of Jews, destruction of Israel
March 11, 2009
A dire warning, from a man born and raised under communism.
Something is very, very wrong. This article is meant to get your attention. It is meant to scare you into finally seeing what is happening all around you. What you are trying so very hard to ignore. The things discussed here are real. They are documented fact. For the sake of everything you hold dear, your children and your grandchildren, please read this article with an open mind, then check the facts for yourself.
What you do after that is between you and God.
Read entire article: How the socialists are taking over America, one bite at a time
Latest Issue: March 11th, 2009:
Stock market out of control, as losses mount, the stock market is seen as a big scam, horrendous damage has been done, the perils of the unregulated marketplace now outweigh the benefits, the fraud you will never hear about, Greenspan was bought and paid for, US dollar dying a slow death, Defense billions madness,
Read more: Crime, Corruption And Collapse On Wall Street
Wednesday, March 11, 2009
By Matthias Chang3-10-9
The Federal Reserve is bankrupt for all intents and purposes. The same goes for the Bank of England!
This article will focus largely on the Fed, because the Fed is the "financial land-mine".
How long can someone who has stepped on a landmine, remain standing hours, days? Eventually, when he is exhausted and his legs give way, the mine will just explode!
The shadow banking system has not only stepped on the land-mine, it is carrying such a heavy load (trillions of toxic wastes) that sooner or later it will tilt, give way and trigger off the land-mine!...
... The land-mine has been triggered and the explosion cannot be averted under any circumstances.
The only issue is the extent of the damage to the global economy and how long it will take for the world to recover from this fiasco a financial madness that has no precedent...
The idea of a central bank going bankrupt is not that outlandish. ...What underlies this crisis ...is the potential collapse of the global banking system, specifically the Shadow Money-Lenders.
Nouriel Roubini, the New York University professor said :
"The process of socialising the private losses from this crisis has moved many of the liabilities of the private sector onto the books of the sovereign. At some point a sovereign bank may crack, in which case, the ability of the government to credibly commit to act as a backstop for the financial system including deposit guarantees could come unglued."
..."Sovereign bank" means central bank. When a central bank "cracks" i.e. becomes insolvent, "all hell breaks lose", because as the professor correctly pointed out, "any government guarantees will ring hollow and will be useless".
If a central bank goes belly up, it is as good as the government going bankrupt. Period!
In another article, Roubini ....wrote: "The US Financial system is effectively insolvent". It follows that if the financial system is bankrupt, it is a matter of time before the "sovereign bank" goes belly up. This is a given!
...So let us not kid each other: The $162 billion bailout of AIG is a nontransparent, opaque and shady bailout of the AIG counter-parties: Goldman Sachs, Merrill Lynch and other domestic and foreign financial institutions...
... that without such a bailout ...Goldman Sachs and every other broker-dealer and major U.S. bank would already be fully insolvent today.
"And even with the $2 trillion of government support, most of these financial institutions are insolvent,..."The disclosures underscore the challenges that the banks face as they struggle to navigate through a deepening recession in which all types of loan defaults are soaring.
"Kopff, the bank shareholders' expert, said that several of the big banks' risks are so large that they are "dead men walking."
...But what is overlooked by many financial analysts is that these very same derivative products have caused another financial organ failure. And there is no way that the said organ can be resuscitated to its former state of health.
...The gridlock of the repo market is the basis for my assertion that over and above the aforesaid dire financial facts, it is the major contributing factor to the bankruptcy of the Federal Reserve!
What is the repo market?
The repo market is the market whereby all financial institutions (regulated and unregulated) invariably go to obtain financing to meet reserve requirements, bridging finance, to lend or purchase securities, to hedge and or to invest on short-term basis.
It used to be that mainly US Treasuries (bear this in mind at all times) were used as security for Repo transactions, as it is considered as most secure i.e. as good as cash since it is backed by the credit of the US government!
This requirement is no longer the case. More of this issue later.
"Another sign of trouble is a 'repo fail'. A 'repo fail' occurs when one side of the agreement fails to abide by the contract. [Fail to deliver the security under the repurchase agreement.]
"Dealer banks would not accept collateral because they rightly believed that if they had to seize the collateral should the counter-party fail, then there would be no market in which to sell it. This was due to the absence of buyers because of the deleveraging. This led to an absence of prices for these securities. If the value cannot be determined because there is no market no liquidity or there is the concern that if the asset is seized by the lender, it will not be saleable at all, then the dealer will not engage in repo... As the crisis unfolded, this combination resulted in US government collateral becoming extremely scarce.  ...
I will now turn to the issue of the FED's solvency.
As has been observed, the Fed intervened aggressively to check the run on the repo market. Various measures were taken, but in my view the most dangerous was the widening of the collaterals which the Fed was willing to accept to secure funding of the players in the repo market. The Fed also intervened by lending a huge chunk of its US treasuries in exchange for junks to facilitate credit expansion.
In the result, what happened was that the Fed's present balance sheet of approximately $2 trillion is made up mostly of junk securities.
But of course, one can argue that the Fed is not your high street bank. It is the central bank of the mighty USA. It will always be able to "print money" or "digitalise" money and keep the markets going.
But beware that the Federal Reserve Note is mere paper, fiat money which cannot be redeemed for anything tangible such as gold. And although it is stated boldly in the notes issued - "In God we trust" - you and I are not actually placing our trust in God when accepting the Federal Reserve Notes as "money"...
,,If confidence could vaporise in a second and cause a stampede in what was once considered solid security, the triple A rated bonds in the repo and money markets, the same confidence that is now reposed in the Federal Reserve Notes can likewise disappear into the memory hole.
All these years, the con was maintained by the Fed that it was solid because it has on its balance sheet over $800 billion of US treasuries i.e. its notes "were so-called backed by these treasuries". It could sell its treasuries in the repo market for cash and thereby control the money flows in the economy and vice versa.
In their subconscious mind, Americans and stupid foreign central banks and their executives (brain-washed by the Chicago School of Economics) somehow believe in the infallibility of the Fed.
Now it has been exposed that the Fed's "assets" comprise of junk bonds and toxic wastes.
The Emperor has no clothes!
... In my opinion, the Fed has already become "unglued". Whatever guarantees given to secure the indebtedness of CitiGroup and others to prevent a run on these banks are useless.
It is bankrupt!
Read entire article: The Federal Reserve Is Bankrupt
Matthias Chang is a prominent barrister, author and analyst of the New World Order based in Malaysia.
Tuesday, March 10, 2009
Posted: March 08, 2009
8:15 pm Eastern
By Drew Zahn
© 2009 WorldNetDaily
To some, the term "survivalist" conjures images of camouflage-clad men stockpiling freeze-dried food in a mountain cabin, but in the current economic crisis, the people quietly preparing to survive catastrophe may just be your next-door neighbors.
In his column in last month's Financial Times, business and technology expert Ade McCormack writes, "The world is in crisis and with it the world of business. Many of us have two plans. Plan A involves President Barack Obama performing some economic magic. Plan B involves a revolver, a vegetable patch and a subscription to Survivalist Monthly."
And while McCormack was writing with a hint of jest, dissent over the president's trillion-dollar spending approach to the economy has left many average, everyday Americans considering something looking suspiciously like plan B.
Bill Heid of Survival Seeds, a company that sells "banks" of high-yielding vegetable seeds sealed for long-term storage and awaiting a family's need to grow its own food, says business is skyrocketing.
"It's been dramatic, nothing short of dramatic," Heid told WND. "The survivalist mentality used to be considered a fringe element, but now that economic times are such as they are, many more average, regular folks are adopting the same set of preparations."
Heid told WND what's most notable is that his boom in sales isn't coming from just the usual survivalists stocking up for a Y2K-like event.
"Ninety percent of our increase in business is new business," Heid said, "people who have never thought about surviving in case of emergency before."
The Christian Science Monitor reports that Lehman's, an Ohio retailer of home self-sufficiency equipment, has recorded huge sales increases from across the preparedness spectrum, from curious buyers to the stereotypical die-hards, according to ...
Vic Rantala, founder of Minnesota-based Safecastle, which markets home shelters for protection against disasters such as hurricanes and chemical attacks, told the Monitor his company's revenues have more than doubled since 2007.
"If most people think of a survivalist as an armed loner with extreme views – there are folks like that out there, but there are many more in America who are simply involved in preparing for down times, lean times or disaster," Rantala, a former U.S. intelligence analyst, told the Monitor. "It's logical. It's common sense."
Seattle Times Columnist Danny Westneat interviewed Claire Anderson, a 68-year-old woman who was prompted by Obama's call for community organization to host a meeting of neighbors in her apartment. Their discussion of the slumping economy and fears of what lies ahead harkened back to the leaner days of her World War II childhood.
"I think we're headed back to the days of the victory gardens," Anderson said. "We have to figure out how to help ourselves. We can't be isolated. We can't sit around and wait for the government."
A New York Times article from last summer suggests last year's elevated fuel and food prices sparked a surge of interest in gardening that hasn't slowed since.
"Seed companies and garden shops say that not since the rampant inflation of the 1970s has there been such an uptick in interest in growing food at home," writes Times reporter ...
George C. Ball Jr., owner of the major seed and plant supplier W. Atlee Burpee Company, told the Times sales shot up by 40 percent last year, double the annual growth for the last five years.
Ball said of the surge in business, "You don't see this kind of thing but once in a career."
Anxiety over the economy has generated a spike in other areas of the survival and emergency preparedness industry, too.
Harry Weyandt is president of Nitro-Pak, a company that sells freeze-dried food, survival kits, fuel, camping gear and a variety of emergency preparedness products.
"Since the middle of last September, the demand for our long-storing foods and supplies has been very high," Weyandt writes in a column on his company's website. "We are shipping orders as fast as possible, but the demand for preparedness supplies and long storing foods is gaining steam again."
Last summer, an ABC News report said "there are worrying signs appearing in the United States where some … locals are beginning to hoard supplies." The report said some suppliers were concerned the U.S. government may be competing with consumers for stocks of storable food.
Spokesman Bruce Hopkins of Best Prices Storable Foods told WND his company was having trouble obtaining No. 10 cans and other storable foodstuffs, in part, because the federal government was purchasing such large amounts.
"We don't know why," Hopkins said. "The feds then went to freeze dried companies and bought most of their canned stock."
A statement from one of the world's larger suppliers of food stores, Oregon Freeze Dry, also confirmed that sales of No. 10 cans had increased so significantly, the company couldn't keep up and had to remove the products from their online catalog...
Newspapers from around the world reported last month on people facing the economic crisis with increased preparations for catastrophe...
Simon Beer, who operates a survivalist website in Australia, told the newspaper he has seen a surge in interest lately.
"Climate change, peak oil, the economic situation," Beer told the Herald, "people are seeing we're headed for catastrophic changes."
The Toronto Star reports the story of Paul, a man in his mid-50s who only three years ago became alarmed over the possibility of fuel shortage and began a plan to prepare for survival should the worst happen.
"When cars stop running? And grocery stores go bare? What do you think is going to happen?" Paul asked the Star. "It's mind boggling once you grasp it." ...
Read more: Forget stocks ... Fretting Americans turn to stockpiling
Buffett: crisis is an economic Pearl Harbor
China and US in high seas standoff
Chinese 'harass' US Navy surveillance ship, Pentagon says
Obama Told To Let Banks Fail
Oil Edges To $50 Ahead Of OPEC Talks
Roubini: Recession could last 36 months Says solution: Fix housing market by breaking 'every mortgage contract'
UK Savings Rates Lowest Ever
UK Unemployment To Hit 3.2 Milion
UK Mortgage Lending Dives 43% In January
British Home Prices Fall Again
The Rest of the World
Plunging World Assets Lose $50 TRILLION Dollars
World Stocks Sink Amid Economy Fears
Eurozone In Total Catastrophe
Summers - World Economy Needs Demand Agenda
Overvalued euro set to plunge `within months`
Thanks to the Bank it`s a crisis; in the eurozone it`s a total catastrophe
Japan's Nikkei Hits 26 Year Low
Japan Record Current Account Deficit
China £35B World Expo - Foreign Companies Not Going
Monday, March 9, 2009
By Tony Paterson in Berlin
Sunday, 8 March 2009
Germany's main neo-Nazi party pretends to be democratic. But its members hoard weapons, plan to rebuild Hitler's Reich and are using the economic crisis to try to make sweeping gains in this year's elections, a new and disturbing study of the extreme right has revealed.
To write their exposé on the increasingly influential neo-Nazi National Democratic Party of Germany (NPD), the authors spent two years infiltrating Germany's far right. They interviewed party leaders and defectors who have since quit the organisation in disgust. "The NPD is a dangerous organisation," warned Olaf Sundermeyer, one of the two journalists who wrote In the NPD, published in Germany last week. "It pretends to be democratic, but make no mistake about it: these people are genuine Nazis."
Despite government attempts to ban the party, the overtly racist NPD has already won seats in two of Germany's 16 regional state parliaments. It has some 220 members on local councils, and expects to consolidate its political power base in a series of regional and local polls this year. The NPD's leader, Udo Voigt, admits that his party is unlikely to gain a foothold in the national parliament in Germany's general election this September. But he insists: " My vision is to obtain seats in the Reichstag in 2013."
To outsiders and the press, the NPD tries to portray itself as a middle-class party. Members are schooled in Berlin on how to cope with difficult questions about the Third Reich and the Holocaust. At election time, rank-and-file skinheads are replaced by men with short haircuts and suits and its handful of far-right "intellectuals".
In their book, Mr Sundermeyer and his co-author, Christoph Ruf, make it clear that the economy and unemployment are playing into the hands of the NPD. The party has infiltrated militant jobless groups, and is winning support. "Germany's ability to cope with such developments is going to be on trial in 2009. It will be a test of the country's political maturity," they warn.
Some of the most disturbing revelations about the NPD, which began life in the mid-1960s, are provided by former members who were shocked by the violence of its members and their hero-worship of Adolf Hitler.
He revealed that the party's regional headquarters in Jena is deliberately called the "Brown House" after Hitler's Munich HQ. The cellars of the building contain a weapons cache, and are adorned with photographs of SS men. Party members sing the outlawed Nazi "Horst Wessel" anthem and a song called "We're Going to Build an Underground Train Line from Jerusalem to Auschwitz".
Mr Luthardt described how the party is funded by donations from expatriate Nazis and their families who fled to South America after the Second World War. Cash also comes from concerts staged by far-right skinhead rock bands. "The objective is to bring back the Third Reich," he said.
"A new organisation of stormtroopers would take revenge on anyone who disagrees with them. The concept is simply: let's kick out all the foreigners, then Germans will have jobs again. The are convinced that they will win an election one day, and that then things will really get going."
Mr Ruf and Mr Sundermeyer say some areas of eastern Germany have been designated "national liberation zones" by the party, because intimidated foreigners do not dare to be seen there. The head of the NPD's youth wing, Michael Schäfer, justifies the party's anti-foreigner campaign, saying: "The German Volk [people] have existed for 1,000 years; they cannot simply be allowed to disappear."
The itinerary will include stops in Jordan, Israel and the Palestinian territories. Benedict is expected to visit Jordan's largest mosque in Amman, and make stops in Jerusalem, Bethlehem and Nazareth. More
It is rumored that his schedule does not include the Holocaust Museum Yad Vashem.
Friday, March 6, 2009
Just hours after blaming Hamas and other terror groups for the lack of peace in the region, visiting US Secretary of State Hillary Clinton signaled that while it may recognize the source of the obstruction, that won’t stop the Obama Administration from pushing for the rapid creation of a Palestinian Arab state.
Clinton told reporters in Jerusalem that she and President Barack Obama plan to be “vigorously engaged” in bringing about the birth of “Palestine,” adding that “there is no time to waste.”(Read more…)
The Market Ticker
Thursday, March 5. 2009
What's Dead (Short Answer: All Of It)
Just so you have a short list of what's at stake if Washington DC doesn't change policy here and now (which means before the collapse in equities comes, which could start as soon as today, if the indicators I watch have any validity at all. For what its worth, those indicators are painting a picture of the Apocalypse that I simply can't believe, and they're showing it as an imminent event - like perhaps today imminent.)
All pension funds, private and public, are done.
If you are receiving one, you won't be. If you think you will in the future, you won't be. PBGC will fail as well. Pension funds will be forced to start eating their "seed corn" within the next 12 months and once that begins there is no way to recover.
All annuities will be defaulted to the state insurance protection (if any) on them.
The state insurance funds will be bankrupted and unable to be replenished. Essentially, all annuities are toast. Expect zero, be ecstatic if you do better. All insurance companies with material exposure to these obligations will go bankrupt, without exception. Some of these firms are dangerously close to this happening right here and now; the rest will die within the next 6-12 months.
If you have other insured interests with these firms, be prepared to pay a LOT more with a new company that can't earn anything off investments,
and if you have a claim in process at the time it happens, it won't get paid. The probability of you getting "boned" on any transaction with an insurance company is extremely high - I rate this risk in excess of 90%.
The FDIC will be unable to cover bank failure obligations.
They will attempt to do more of what they're doing now (raising insurance rates and doing special assessments) but will fail; the current path has no chance of success. Congress will backstop them (because they must lest shotguns come out) with disastrous results. In short, FDIC backstops will take precedence even over Social Security and Medicare.
Government debt costs will ramp.
This warning has already been issued and is being ignored by President Obama. When (not if) it happens debt-based Federal Funding will disappear. This leads to....
I expect total tax receipts to fall to under $1 trillion within the next 12 months. Combined with the impossibility of continued debt issue (rollover will only remain possible at the short duration Treasury has committed to over the last ten years if they cease new issue) a 66% cut in the Federal Budget will become necessary.
This will require a complete repudiation of Social Security, Medicare and Medicaid, a 50% cut in the military budget and a 50% across-the-board cut in all other federal programs. That will likely get close.
Tax-deferred accounts will be seized to fund rollovers of Treasury debt at essentially zero coupon (interest).
If you have a 401k, or what's left of it, or an IRA, consider it locked up in Treasuries; it's not yours any more. Count on this happening - it is essentially a certainty.
Any firm with debt outstanding is currently presumed dead
as the street presumption is that they have lied in some way. Expect at least 20% of the S&P 500 to fail within 12 months as a consequence of the complete and total lockup of all credit markets which The Fed will be unable to unlock or backstop. This will in turn lead to....
The unemployed will have 5-10 million in direct layoffs added within the next 12 months. Collateral damage (suppliers, customers, etc) will add at least another 5-10 million workers to that, perhaps double that many. U-3 (official unemployment rate) will go beyond 15%, U-6 (broad form) will reach 30%.
Civil unrest will break out before the end of the year.
The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go "feral"; witness New Orleans after Katrina for how fast, and how bad, it can get.
The good news is that this process will clear The Bezzle out of the system.
The bad news is that you won't have a job, pension, annuity, Social Security, Medicare, Medicaid and, quite possibly, your life.
It really is that bleak folks, and it all goes back to Washington DC being unwilling to lock up the crooks, putting the market in the role it has always played - that of truth-finder, no matter how destructive that process is.
Only immediate action from Washington DC, taking the market's place, can stop this, and as I get ready to hit "send" I see the market rolling over again, now down more than 3% and flashing "crash imminent" warnings. You may be reading this too late for it to matter.
In 3 minutes, what's coming.....
Fed Refuses To Tell Where $2 Trillion Went
The Greatest Depression
Economic Disaster Continues-- Dow Tanks 4.1%... Jim Cramer Blasts Obama Team
Bank Woes Drain Deposit Insurance Fund
8.3 Million US Mortgages Upside Down
Kiss The Banks Off - Refocus On The People
Russian Scholar Says US Will Collapse Next Year
Thursday, March 5, 2009
Posted Tuesday, March 03, 2009 4:20 PM PT
In his campaign and inaugural address, Barack Obama cast himself as a moderate man seeking common ground with conservatives.
Yet his budget calls for the radical restructuring of the U.S. economy, a sweeping redistribution of power and wealth to government and Democratic constituencies. It is a declaration of war on the right.
The real Obama has stood up and lived up to his ranking as the most left-wing member of the Senate. Barack has no mandate for this. He was even behind John McCain when the decisive event that gave him the presidency occurred — the September collapse of Lehman Bros. and the market crash...
We are not "headed down the road to socialism." We are there.
Since the budget was released, word has come that the U.S. economy did not shrink by 3.8% in the fourth quarter, but 6.2%. All the assumptions in Obama's budget about growth in 2009 and 2010 need to be revised downward, and the deficits revised upward. Look for the deficit for 2009 to cross $2 trillion.
Who abroad is going to lend us the trillions to finance our deficits without demanding higher interest rates on the U.S. bonds they are being asked to hold? And if we must revert to the printing press to create the money, what happens to the dollar?
As Americans save only a pittance and have lost — in the value of homes, stocks, bonds and other assets — $15 trillion to $20 trillion since 2007, how can the people provide the feds with the needed money?...
Markets are not infallible. But the stock market has long been a "lead indicator" of where the economy will be six months from now. What are the markets, the collective decisions of millions of investors, saying?
Having fallen every month since Obama's election, with January and February the worst two months in history, they are telling us the stimulus package will not work, that Tim Geithner is clueless about how to save the banks, that the Obama budget portends disaster for the republic.
The president says he is gearing up for a fight on his budget.
Good. Let's give him one.
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Buchanan - We Now Have Socialism
Wednesday, March 4, 2009
Published: March 3 2009 10:05 Last updated: March 3 2009 17:59
Eurozone authorities would help a member state in serious economic difficulties before it needed to approach the International Monetary Fund because of a debt-default risk, according to a senior European Union policymaker.
“If a crisis emerges in one eurozone country, there is a solution before visiting the IMF,” Joaquín Almunia, the EU’s monetary affairs commissioner, said on Tuesday. “It’s not clever to tell you in public the solution. But the solution exists.”
Read more: Eurozone Ready To Rescue Members
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The Beast of Revelation: Myth, Metaphor or Soon-Coming Reality?
Fourteen Signs Announcing Christ's Return
Although an admitted Barack Obama supporter during last year's campaign, CNBC's Jim Cramer has certainly changed his view concerning our 44th president.
On Tuesday's "Today" show, the outspoken "Mad Money" host said: we have "an agenda in this country now that I would regard as being a radical agenda"; Obama's just announced budget "put a level of fear in this country that I have not seen ever in my life," and; "This is the most, greatest wealth destruction I've seen by a president."
Read more: Cramer: 'This is the Greatest Wealth Destruction by a President'
And more: David Brooks Wakes Up Late: 'Barack Obama Is Not Who We Thought He Was'
Send for your free booklet : The United states and Great Britain in Prophecy. See Sidebar list
Posted: March 02, 20099:19 pm Eastern
By Aaron Klein© 2009 WorldNetDaily
Sign in Kfar Akeb boasting of 'American gift' to Palestinian AuthorityJERUSALEM
JERUSALEM – Sections of Jerusalem have essentially been forfeited on the ground to the Palestinian Authority, while Jews, including local landowners, are barred from entering parts of Israel's capital, a WND investigation has found.
The probe further determined the U.S. has been aiding the Palestinians in developing infrastructure in Jerusalem.
Also, it has emerged, the Israeli government has failed to stop Arabs from illegally building thousands of housing projects on Jerusalem land purchased and owned by a U.S. Jewish group for the express purpose of Jewish settlement, culminating in an Arab majority in the neighborhoods. More
Read also: Obama 'Ready to Drop Missile Shield Plans for Russian Help on Iran'
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Tuesday, March 3, 2009
KINGSTON, NY, 2, March 2009 -
"The Greatest Depression" that The Trends Research Institute forecast, well before Wall Street or Washington would acknowledge recession, is upon us.
The global financial markets are collapsing.
All the pundit's cautious predictions and business media's hopeful expectations at the New Year for an economic turn around and imminent market bottom were dead wrong. There will be no turn around in the second quarter of 2009 or 2010 or 2011 America and much of the world has entered "The Greatest Depression."
The global financial system, built on endless supplies of cheap money, rampant speculation, fraud, greed, and delusion is terminally ill and will not be coaxed into remission by stimulus packages nor restored to health by government buyouts and bailouts.
Today, the MSCI World Index of stocks in 23 developed nations fell 4.9 percent to 713.75, the lowest closing level since March 2003, and its Emerging Markets Index slid 5 percent. The Dow followed, plunging 300 points, closing below 7,000 for the first time since 1997.
There is no stock market bottom in sight. The only figure that can be forecast with confidence is that the Dow won't reach zero!
As the crisis worsens, governments will take draconian measures to prevent total economic collapse and public panic. We have cautioned the likelihood of such measures before. But the rapidity and severity of the economic unraveling now demands immediate attention.
Expect massive bank failures, runs on banks, and bank holidays. Even if deposits are FDIC insured, quick access to money is by no means assured. At minimum, have reserves on hand for emergencies.
Read also: Buffett Says Economy 'In Shambles'
Sunday, March 1, 2009
by A. True Ott, PhD, ND2-28-9
...THIS IS AS REAL AND AS UGLY AS IT CAN GET...
FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS
...In early February nine U.S. States began the process of re- asserting their Sovereignty pursuant to the Ninth and Tenth Amendments to the US Constitution; declaring null and void any actions by Congress that violated the Constitution.
The states took action to make certain the feds couldn't give away cities or the states themselves!
This situation is going to get VERY ugly, VERY fast as one sovereign power (the feds) try to literally give away the land of other sovereign powers, (the states). This is the type of thing that starts Civil War.
Read entire article:Beyond High Treason
US Gives China Eminent Domain Over US Property