The Whole World Is Falling Apart, Literally
An air of crisis descended on the world Tuesday, Aug. 9 as markets continued to tumble steeply and in London, large parts of the city succumbed to uncontrolled violence joined by three major British cities. Far East stocks leveled out at 3 percent, Europe fell 3.5-5 percent Tuesday after Wall Street slid 5-7 percent Monday. More than $70 billion were wiped out in global trading Monday hours after US President Barack Obama said America will always be a Triple A country no matter what some agency may say.
The Bank of America took the worst punishment with a 23 percent decline in its stock. Investors did not miss the warning by a Standard & Poor executive that the US credit rating may be lowered again after its landmark downgrade from AAA to AA+.
Heads of the European Union and national leaders, with no solutions for the debt crises plaguing two major members Italy and Spain, are in a panic over the threat to the Eurozone and euro currency. Their fears are driving droves of investors across the world out of the markets in the hope of safe landings in gold (which shot up to $1.721 the ounce), the Japanese yen and the Swiss franc.
Some government spokesmen and pundits are blaming speculators for the crash, praising investors who take the long view and hold tight. Others lay the blame squarely at the door of various governments for mishandling the 2008 economic crisis and its social fallout – witness the consequences of tight austerity measures in Greece and now the United Kingdom.
Thanks to deft footwork by its economic managers, Israel has so far escaped the worst of the backlash, but may not remain unscathed for much longer. Three alarm bells rang this week:
1. Standard & Poor applied its downgrade of America’s credit rating to Israel’s $6billion worth of US-backed bonds, lowing their rating from AAA to AA+.
2. The big demonstrations protesting soaring prices for housing and other essentials and demanding economic reforms to bridge the social gap – are now in their third week. Prime Minister Binyamin Netanyahu is skating on thin ice between expenditure for satisfying their demands and defusing a movement jeopardizing his government and keeping the economy on an even, stable keel. Meeting even some of those demands could quickly tip Israel over into the abyss of economically-distressed countries, with attendant mass unemployment and a declining currency.
3. Even in the unlikely event of the government keeping the national purse sealed against social demands, Israel is short of the reserves for weathering the fallout to its economic and export industries from the crises in the US and Europe. – Now The End Begins
As the world falls apart, Dawn Lucifer’s last ditch effort at trying to save his prized country which is the USA will not be successful. The printing of one and a half trillion dollars to bail out failed and failing banks as well as mortgaging firms will cause a complete collapse of the United States economy. This in turn will start the domino effect of toppling other nations economies that purchase the bonds to cover the rising debt of the new trillion and a half that will be used to try and halt the present financial crisis in the USA market. This will prompt the European Union to take steps in trying to stabilize the world economy by coming to the United States aid. In essence this will be the first step in bringing the USA under the umbrella of its benefactor and force Dawn Lucifer to complete the prophecy as outlined within the Word of our grand Father and Mother Yahweh. It will be an event that will change the world as you all now know it to be.