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Posts Tagged ‘Economy’

Why the latest eurozone bail-out is destined to fail within weeks

October 29, 2011 Comments off

Do you want Christ to take control of creation, including this planet? Or do you want to remain under a satanic empire that cannot even feed the masses adequately? Satan offers no real incentive to remain in his family. He cannot offer you good health, even though he tries, or a cure for dreaded diseases, even though he has mankind searching for cures. Make no mistake. Satan wants his empire to flourish and be like Yahweh’s spirit realm and the rest of creation in the expanse, but the way he leads, and the factions within his family, it cannot be achieved.

As someone who works in financial services, I follow the markets – in the West, across Asia and the entire world – closer than most. Since the Bear Stearns collapse in March 2008, through the demise of Lehman Brothers and its ghastly aftermath, much of my professional life has been dominated by the angry flashing of those little lights on a Bloomberg screen.

In recent years, the violent gyrations on financial markets have been deeply discomforting, causing angst among market professionals, like me – but that is the least significant aspect. For those little lights represent, of course, the ebbs and flows of cash which, in turn, determines the fate of real businesses. It is at the sharp end of employment and livelihoods, dispossessed homes and broken families that the human impact of financial turbulence is most keenly felt.

So, yes, I want such turbulence, which will never be fully-eradicated, nor should it be in a free-market system, to now lessen to more manageable levels. Yet the responses of our politicians to recent financial troubles – hiding behind complexity and kicking the can down the road – have not only failed to temper the volatility, but have actually made it much worse.

Last week’s eurozone “agreement”, for all the related fanfare, was a case in point. Far from making the situation clearer, allowing investors to make considered assessments, this latest announcement made Western Europe’s grotesque debt crisis even more acute, sowing further infectious spores of confusion.

The deal itself, unveiled dramatically in the early hours of Thursday, was met with the now obligatory “relief rally”. The FTSE All-World equity index soared 4.1pc, helped by signs of renewed US economic growth. European bank shares spiked no less than 12pc on Thursday, as traders recognised, for all the official obfuscation, the latest dollop of government largesse.

By late Thursday, though, and certainly on Friday, the warning signs were there. Global bond markets, by character more sober and smarter than the excitable equity guys, were voting against the deal. This is alarming. For it is only by selling more bonds that the eurozone’s deeply indebted governments can roll-over their enormous liabilities and keep the show on the road.

Some say Western governments shouldn’t “accept” what the market says. “Who do these trading people think they are,” I hear from the lips of the educated but financially-illiterate political elite. Let’s be clear – if global bond markets stop lending to a number of large Western economies, we are in the realms of unpaid state wages and pensions, transport chaos and closures of schools and hospitals – sparking the prospect of serious civil unrest. Forgive my intemperate tone, but these are the dangers we face. And I’m afraid the only rational response to Thursday’s announcement is that the probability of such undesirable outcomes has just been increased.

European leaders have reached an “agreement”, we were told, with the private holders of Greek debt, who now accept a 50pc write-down on their stakes. This is predicated on an additional €120bn (£105bn) cash-injection by EU member states and the IMF. By paying bond-holders less, and making other savings, the hope is that Greece can cut its sovereign debt from 150pc of GDP to 120pc in the next few years.

This deal was presented as a “victory” by the eurocrats. After all, back in July those nasty private creditors agreed only to a 21pc “haircut” on their Greek debt. The deal is “voluntary”, though, nothing having been decided except the “50pc haircut” headline. In reality, by bargaining hard over coupons and maturities – how much the bonds will pay annually, and for how long – those who so unwisely lent money to Greece (eager to reap high yields, while always expecting a bail-out) will get a much sweeter deal. This is the discussion that will take place, behind closed doors, during the coming months. But that sweeter deal will need to be paid for with yet more sovereign borrowing, by some eurozone government or other, plus further sack-loads of taxpayers’ cash.

It is telling that Greek bond-holders themselves were on Friday reassuring their investors that the reduction in the net present value of their stakes, compared with the “21pc haircut” deal, “will not be overly onerous”. In addition, the July agreement, while also “voluntary”, included a 90pc creditors’ participation. Thursday’s variant cited no such number.

So, the centre-piece of last week’s “package” is far less decisive than meets the eye. It was, in fact, singularly indecisive. The hope that Greece will clean-up its balance sheet autonomously now relies even more on a privatization programme that is already laughably behind schedule. So the moral hazard will go on, making it tougher still for the governments of Portugal, Ireland and the other eurozone “peripheries” to sell to their electorates the virtues of fiscal responsibility. These are not clever-clever academic points. I’m pointing-out, quite simply, what the bond markets will have noticed.

Having said all that, the prospect of “haircuts”, however half-hearted, now looms over eurozone sovereign bond-holders, not least fragile European banks. So Thursday’s announcement also stressed that the €440bn (£386bn) euro European Financial Stability Facility would be “levered”, allowing it to borrow to make it bigger. This is supposed to allow the eurocrats to raise cash without having to trouble national parliaments, given that they’re likely to refuse.

The question of who will lend to the EFSF, on whose collateral, and who will ultimately repay the loans, was barely addressed last week. Such tricky questions will apparently be answered at the next European summit in December. Meanwhile, the fundamental disagreement between France and Germany regarding who should take the biggest losses – eurozone governments or private creditors – remains unresolved. Since Thursday’s announcement, though, Germany’s powerful constitutional court has issued an injunction requiring the country’s full Parliament to approve any EFSF bond-buying.

What is needed, urgently, is a clean, transparent Greek default – allowing this flailing semi-developed economy to leave the eurozone, re-establish a weaker drachma and regain its self-respect. Portugal should leave too, its membership of the same currency bloc as Germany is as absurd, and self-defeating, as that of Greece. There would be further market turmoil, yes, but a few more months of volatility, leading to an ultimately more stable outcome, is surely better than the current situation where the entire world is living in fear of a massive “euroquake”.

The eurocrats, of course, lack the guts to trim back monetary union to a more manageable size. Too much face would be lost. So “euroquake” fears, once viewed as outlandish, are gaining pace. Despite Thursday’s deal, and all the reassurances of a “durable solution”, the Italian government on Friday paid 6.06pc for 10-year money, up from just 5.86pc a month ago and a euro-era high. Such borrowing costs are disastrous, given that Rome must roll-over €300bn of its €1,900bn debt in 2012 alone. A default by Italy, the eurozone’s third-biggest economy, and the eighth-largest on earth, would make Lehman look like a picnic.

The eurozone must be consolidated. World leaders should similarly force European banks to disclose their losses, we all take the hit and then we move on. Instead, we are served-up, in ever more complex variants, the same “extend and pretend” non-solutions. It gives me no pleasure to write this, but I give this deal two weeks. – Telegraph

Lackluster economy could lead to next gold rush

October 12, 2011 Comments off

The European Union will be the first to reorganize the currency into an international medium, and then other countries will follow. The United States will have no choice, because sooner or later, the people of the USA are going to march on Fort Knox demanding an accounting of its contents. And Seraiah and Michael have both been inside the vault, and there is no gold belonging to the United States. What little is inside, it is being held in trust. With nothing backing the currency, and the USA setting its value by supply and demand, the dollar is really valueless.

If the Fed decides to try and fake the gold bars, and there is a metal similar to the weight of gold, simply drilling a few bars will tell the story.

Is gold the answer?

With the nation smothered in debt, crippled by unemployment and financed by dollar bills backed by nothing more than the faith of the public, some conservatives are calling for a return to the gold standard.

At The Heritage Foundation’s Conference on a Stable Dollar last week, former Bush economic adviser and Federal Reserve Governor Larry Lindsey said the weight of history leaned toward gold.

The country moved to a fiat currency during the Civil War and then restored the gold standard years later, he noted, pointing out that this kind of back-and-forth is natural.

“I’m sure we’ll do it again,” Lindsey said. “Probably in the next 10 years.”

His reason for the reversal is both disturbing and unsurprising.

American families took on too much debt during the housing bubble. The government responded to the ensuing meltdown by leveraging up its own balance sheet by trillions of dollars. And the strain of navigating through the debt is more than the Fed’s Open Market Committee, which controls the money supply, can endure.

While Lindsey believes the Fed has done an admirable job, he doubts the 19-member committee can resolve the competing pressures better than a dollar pegged to gold.

“None of these guys are gods,” he said. “Nineteen men trying to adjudicate these demands will disappoint society.”

President Richard M. Nixon officially ended the gold standard more than 30 years ago. While the precious metal can foster a stable currency, it can also have downsides. A reliance on gold limits how much money could be flushed into the economy during a downturn, one of the key strategies for combating a recession.

Reintroducing the gold standard, though, has yet to catch fire with most Republican presidential candidates.

Most of them have called for the resignation of Federal Reserve Chairman Ben Bernanke, but only the former CEO of Godfather’s Pizza, Herman Cain, has endorsed the gold standard, according to the American Principles Project.

Still, Americans are increasingly enthralled by gold’s luster, even if some presidential candidates are not.

An August survey by Gallup Poll found that 34 percent of those questioned considered gold to be the best long-term investment, beating out real estate, stocks, conventional savings accounts and bonds.

It’s not that big a surprise, given that the precious metal has increased in recent years to more than $1,600 an ounce on Comex.

Gallup suggested two explanations for gold’s popularity: Either it’s caught in an investment bubble, or it reflects a “growing lack of confidence in the U.S. economy.”

Longtime gold standard advocate Lewis Lehrman said the current crisis could change the opinion of political leaders.

“Everything,” he said, “depends on the extent of the disintegration and the desperation of American voters.” – Politico.com

US protesters clash with guards at Washington museum

October 9, 2011 Comments off

Since early this year we have been sounding the warning of coming protests to the U.S. Next is rioting, and then martial law.

The rioting will soon invade the news as Americans vent their frustrations and feeling of being treated as cattle. Military intervention will occur and Martial Law will be declared as the citizens of the United States have lost their jobs and will then lose their liberties.

Do not take part in any rioting. Do not oppose the government of the United States. Await Yahweh’s army to liberate Christ’s followers.

The National Air and Space Museum in Washington was closed Saturday after anti-war demonstrators swarmed the building to protest a drone exhibit and security guards used pepper spray to repel them, sickening a number of protesters.

Smithsonian spokesman John Gibbons said a large group of demonstrators, estimated at 100 to 200 people, arrived at about 3 p.m. and tried to enter the National Mall museum. When a security guard stopped group members from entering, saying they could not bring in signs, he was apparently held by demonstrators, Gibbons said. A second guard who arrived used pepper spray on at least one person and the crowd dispersed, he added.

A number of groups have been demonstrating in the city in the past week. The group that arrived at the museum Saturday included individuals taking part in the October 2011 Stop the Machine demonstration in the city’s Freedom Plaza, which has an anti-war and anti-corporate greed message. The group also included protesters affiliated with Occupy D.C., a group modeled on the Occupy Wall Street protests in New York City. Occupy D.C. has been holding marches and meetings in Washington’s McPherson Square.

David Swanson, 41, of Charlottesville, Va., said he was among dozens of people sickened by the pepper spray. He said he got sick even though he was outside the building when the spraying began.

“I began choking and vomiting and got a headache,” Swanson said.

Swanson, who says he has been part of the Freedom Plaza protest, says protesters were not looking to shut down the museum but to make a point about the massive military spending and the use of deadly drones. He said the security officers got aggressive after some protesters unfurled a protest banner inside.

He posted videos on his blog, warisacrime.org, that shows a security officer yelling “Get back” as pepper spray is apparently used. Several people fell to the ground outside in agony as others coughed, rubbed their eyes and fled the building.

Pete Piringer, a D.C. fire department spokesman, told The Associated Press on Saturday evening that medics treated or evaluated a dozen people at the scene but that no one was seriously hurt by the pepper spray.

Legba Carrefour, who is working with Occupy D.C., said a number of individuals joined the march to the museum following an afternoon meeting of the group.

Ann Wilcox, a lawyer working with Stop the Machine, said a 19-year-old woman from Madison, Wis., was arrested by police. She paid a fine and was released later Saturday. Wilcox said the protesters went to the Air and Space museum to demonstrate against a drone exhibit.

The museum has an exhibit, “Military Unmanned Aerial Vehicles,” that covers the history of unmanned aircraft and their current use as offensive weapons. Drones are often called the weapon of choice of the Obama administration, which quadrupled drone strikes against al-Qaida targets in Pakistan’s lawless tribal areas, up from less than 50 under the Bush administration to more than 220 in the past three years. - News-Sun

Economic and ethnic tensions spark wave of protests across the globe

October 2, 2011 Comments off

The roaring of the people of other nations is the model that will span the globe as all countries feeling the crunch of these economic times feels the pangs of distress from the rippling waves of its discontented citizens. The Word states:

Isaiah 17:12 “[ Judgment against the Nations ] Ah! The roar of many peoples— they roar like the roaring of the seas. The raging of the nations— they rage like the raging of mighty waters.”

Luke 21:25 “[ The Coming of the Son of Man ] “Then there will be signs in the sun, moon, and star

s; and there will be anguish on the earth among nations bewildered by the roaring sea and waves.” 

 Yes, even the USA will become bewildered as it falls to its depths of despair that it cannot rise up from. 

ATHENS – Greece was expected to unveil its plan on Sunday to begin laying off state workers, the most contentious part of a reform package demanded by the EU and IMF to free up loans and stave off bankruptcy. Without the release of an 8 billion euro ($10.7 billion)tranche of an EU bailout, massively indebted Greece could run out of money to pay state wage bills within weeks. European officials are scrambling to avert a Greek debt default, which could wreck the balance sheets of European banks, damage the prospects of the euro single c

urrency and possibly plunge the world into a new global financial crisis. A senior member of the ruling coalition in Germany, Europe’s paymaster, said it may be necessary for Greece to abandon the euro, a prospect European governments officially reject as beyond consideration. Negotiators from the International Monetary Fund, European Union and European Central Bank, known as the troika, have returned to Athens after walking out of talks a month ago, and have met Greek officials for the past four days. To persuade the troika to release the loans, the government has promised to introduce new taxes, cut state wages by an average of 20 percent and reduce the number of public sector workers by a fifth by 2015. The austerity measures are deeply unpopular, and public sector unions hope that strikes and demonstrations can wreck the Socialist government’s resolve to enact them. No part of the package is more contentious than the plan to lay off state workers — who make up a fifth of the Greek workforce and are guaranteed jobs for life under a constitution that bans firing government employees in virtually all circumstances. The cabinet was due to meet on Sunday evening to discuss a plan to begin layoffs by setting up a “labor reserve.” Under the plan, 30,000 workers would be put in the reserve by the end of this year and paid 60 percent of their salaries for a year, after which they would be dismissed. The government has yet to announce how the program would work, including details such as whether it would be used to push out younger workers or only to accelerate the retirement of workers already reaching pension age. Greek officials said late on Saturday a solution was close. -Reuters

New York – Police reopened the Brooklyn Bridge Saturday evening after more than 700 anti-Wall Street protesters were arrested for blocking traffic lanes and attempting an unauthorized march across the span. The arrests took place when a large group of marchers, participating in a second week of protests by the Occupy Wall Street movement, broke off from others on the bridge’s pedestrian walkway and headed across the Brooklyn-bound lanes. “Over 700 summonses and desk appearance tickets have been issued in connection with a demonstration on the Brooklyn Bridge late this afternoon after multiple warnings by police were given to protesters to stay on the pedestrian walkway, and that if they took roadway they would be arrested,” a police spokesman said. “Some complied and took the walkway without being arrested. Others proceeded on the Brooklyn-bound vehicular roadway and were. The bridge was re-opened to traffic at 8:05 p.m. (0005 GMT Sunday).” Most of those who were arrested were taken into custody off the bridge, issued summonses and released. Witnesses described a chaotic scene on the famous. -Reuters

Portugal – Thousands demonstrated in Portugal Saturday against the government’s austerity measures amid projections that the economic situation is far worse than expected. Government and private sector workers rallied in Lisbon and Porto, following a call by the country’s largest trade union federation to speak out against policies it says have devastated “jobs, workers, pensions and social rights.” “No to price rises” and “No to the destruction of health care”, read banners hoisted by demonstrators marching through central Lisbon. Rally organizers, who said they had charted dozens of buses to transport protestors from around the country, did not immediately provide an estimate of the turnout. In April, Portugal became the third eurozone country after Greece and Ireland to request an emergency bailout from the European Union and the International Monetary Fund to deal with its mountain of debt. –France 24

Bulgaria – The Bulgarian president says the National Security Council is holding an emergency meeting to discuss rising ethnic tensions as nationalist groups stage anti-Roma rallies across the country. According to a statement from Georgi Parvanov’s office on Saturday, the council is scheduled to shape “emergency measures to guarantee law and order in the country and prevent and counter ethnic tensions.” Riots erupted last weekend in the southern village of Katunitsa after a 19-year-old man was run over and killed by a minibus driven by a man linked to a local leader of the Roma, also known as Gypsies. Villagers hurled stones and firebombs at Roma leader’s house, demanding he and his family be expelled. –Las Vegas Sun

Israel – Approximately 2,000 Israeli Arabs, including members of Knesset and other top officials, participated in marches in the northern town of Sakhnin on Saturday to commemorate the October 2000 riots. The demonstrators waved Palestinian flags, chanted slogans decrying Israel, and held up photos of the 13 Israeli Arab protesters who were killed in clashes with Israeli police forces 11 years ago, at the start of the Second Intifada. Saturday’s demonstrators also called for the indictment of the policemen whom they claim were responsible for the killings. –The Haaretz

Bolivia — Bolivian natives angry over plans to build a highway through an Amazon nature preserve resumed their protest march Saturday after a violent police crackdown a week ago, a top demo leader said. The march began at daybreak in the town of Quiquibey, some 300 kilometers (186 miles) northeast of La Paz, protest leader Rafael Quispe told AFP. Quispe said that the hundreds of protesters were moving toward the capital at a speed of around 20 kilometers (12 miles) a day. Bolivian authorities have been trying to tamp down the uproar that erupted when riot police fired tear gas and arrested hundreds of activists who had been marching for a month on September 25. Bolivia’s defense minister Cecilia Chacona resigned over the incident, followed by interior minister Sacha Llorenti. Migration chief Maria Rene Quiroga has also stepped down, calling the crackdown “unforgivable.” -AFP

Overall Source: The Extinction Protocol

Stocks Tumble Worldwide after Obama Speech

September 9, 2011 Comments off

Stocks sank, while the euro touched a ten-year low versus the yen and a six-month low against the dollar, as concern grew aboutGreece’s debt crisis. European bank and sovereign credit risk reached all-time highs as 10-year Treasury yields slid to a record. Oil fell 2 percent.

The MSCI All-Country World Index retreated 2.9 percent and the Standard & Poor’s 500 Index slipped 2.7 percent to 1,154.23 at the 4 p.m. close in New York, wiping out a weekly gain. The euro sank as much as 2.1 percent to 105.3 yen and fell 1.8 percent to $1.3627 before trimming losses. Ten-year Treasury yields slid as low as 1.89 percent. Credit-default swaps signaled a more than 90 percent probability Greece will default.

Stocks extended losses as three German officials said Chancellor Angela Merkel’s government is preparing plans to shore up banks in the event that Greece defaults. The European Central Bank saidJuergen Stark resigned from the executive board, suggesting policy makers are divided over how to fight the debt crisis. U.S. President Barack Obama called on Congress last night to pass a $447 billion plan to boost employment after jobs growth stalled last month.

“There’s that nagging thought that we can continue to have a downward spiral in Europe,” James Dunigan, chief investment officer in Philadelphia for PNC Wealth Management, said in a telephone interview. The firm oversees $109 billion. “There’s concern of a default, of risk in banks, of a liquidity crisis. In the U.S., even as President Obama made an effort to put that plan together, there’s not a whole lot of confidence that Congress will pass.” – Bloomburg

The Garden of Eden. It represented something good that was to be expanded into a worldwide thriving community of people . Likewise, Satan’s aspiration to be like our Mother Yahweh encompassed Satan’s try at duplication the Sacred Garden in the form of the United States. It represented what he believed would turn out good for the entire world if overtaken by it in an expansive effort.

Satan’s desire for liberty and free will is what he envisioned for his own children. After many failures throughout mankind’s history, Satan inspired the United States and broke it away from the royalty of a nation (England) that was ruled with more stringent rules. This reflected his own break from the Royal Kingdom of Yahweh. Yet, Satan believes in Liberty and Justice for all, and inspired the words “In God We Trust” The god he was speaking of was not Yahweh, but himself, because he is the god of this system of things in this age he inspired by his fall from Yahweh’s Crown of Authority. Now Satan knows he stands to lose his prized child and the WAY of life he envisioned for this old world. Like the Garden of Eden that was lost in ancient times, Yahweh will not let Satan’s vision to make the world like the USA become a reality. Satan passed his power to his child so that they would be the strongest super power on earth and unbeatable. But Yahweh is slowly stripping his child of its wealth and its resources. Like the ancient Garden of Eden beneath the Atlantic ocean, the USA will itself sink – not into water, but into oblivion.

Do you want the USA to survive? If you do, you stand with Satan and his angels and converts that are fighting to keep it in existence. Will it become a hollow shell of what it once was, or will it regain its posture? Yahweh has declared that it will fall to its knees. Satan has countered that it will be at a cost to Yahweh that She has never conceived if his child should fall.

Head of World Bank warns markets have entered new danger zone

August 15, 2011 Comments off

The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday. Speaking at the Asia Society dinner in Sydney, Robert Zoellick also said the global economy was going through a multi-speed recovery, with developing countries now the source of growth and opportunity. “What’s happened in the past couple of weeks is there is a convergence of some events in Europe and the United States that has led many market participants to lose confidence in economic leadership of some of the key countries,” he said. “I think those events combined with some of the other fragilities in the nature of recovery have pushed us into a new danger zone. I don’t say those words lightly… so that policymakers recognize and take it seriously for what it is.” Zoellick said the process of dealing with the sovereign debt problem and some of the competitive issues in the euro zone have tended to be done “a day late,” leaving markets worried that authorities may not be ahead of the problem or moving in the right direction. “That (worry) has accumulated and so we’re moving from drama to trauma for a lot of the euro zone countries,” he said. On the United States, Zoellick said it wasn’t fears the world’s biggest economy faced an imminent problem, but “frankly that markets are used to the United States playing a key role in the economic system and leadership.” He said efforts to cut U.S. government spending have so far been focused on discretionary spending as opposed to the entitlement program such as social security. “Until they make an effort on those programs, there is going to be continued skepticism about dealing with long-term spending.” Zoellick said while market confidence has been hit, the real issue was whether this will spread to business and consumer confidence, something that was still unclear. –Reuters

 

Shared with this Ministry in 2007: So how is Father using Her power to alter the thinking of Satan’s rulers in these end times? And what effect will it have in the coming months?

China is holding more than one trillion in U.S. currency debt. And even though China is presently benefitting from trade with the United States, she has a bur in her side over the Republic of Taiwan. The U.S. continues to commit herself in weapon sales to Taiwan. Because of this ongoing aid to that country, China will put aside profitable trade relations, seeking to devastate the U.S. economy by dumping the U.S. debt it holds on the world market. When this occurs, it will cause a sharp devaluation of the U.S. dollar, and there will be a loss of faith by the world community in the United States economy. Even though this would cause a loss to China on their investment as well, they feel their own economy can withstand the harm that would result from such an action in breaking the financial back of the United States. However, this action would affect only approximately 3 percent of the U.S. economy, but with other factors involved, such as the amounts of debt to finance the Iraq and Afghanistan conflicts, and the ever growing national disaster relief funds, the United States will feel the quake of such an action on China’s part. Next, Father will motivate the leaders of OPEC to change and price oil in Euro Dollars. This will be because the confidence once felt in the U.S. will have taken a drastic change for the worse.

Jobless claims rise above expectations

July 21, 2011 1 comment

(Reuters) – The number of Americans filing new claims for unemployment benefits rose more than expected last week, pointing to a labor market that is struggling to regain momentum.

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 418,000, the Labor Department said on Thursday.

Economists polled by Reuters had forecast claims rising to 410,000 from a previously reported 405,000.

“We’re just stuck in this trend between 410,000 and 430,000. Generally we’re just really not seeing any improvement but also not much worsening,” said Jeffrey Greenberg, an economist with Nomura Securities in New York.

Stock index futures held earlier gains after the data, while the dollar extended losses against the euro.

The claims data covered the survey period for the closely watched nonfarm payrolls count for July, which will be released on August 5.

Initial claims fell 11,000 between the June and July survey periods, suggesting a modest improvement in payrolls after June’s paltry 18,000 gain.

Job growth has faltered in the last two months, in line with the generally weak tone in the economy. – Reuters

How long will the USA unemployed workers numbering in the millions remain docile, before unrest becomes a reality and the beast is forced to declare marshal law? 2011 will tell the story.

Extreme weather the achilles’ heel of the U.S. economy?

June 23, 2011 Comments off

June 23, 2011WASHINGTON — Everything has its price, even the weather. New research indicates that routine weather events such as rain and cooler-than-average days can add up to an annual economic impact of as much as $485 billion in the United States. The study, led by the National Center for Atmospheric Research (NCAR), found that finance, manufacturing, agriculture, and every other sector of the economy is sensitive to changes in the weather. The impacts can be felt in every state. “It’s clear that our economy isn’t weatherproof,” says NCAR economist Jeffrey Lazo, the lead author. “Even routine changes in the weather can add up to substantial impacts on the U.S. economy.” This is the first study to apply quantitative economic analysis to estimate the weather sensitivity of the entire U.S. economy. The research could help policymakers determine whether it is worthwhile to invest in enhanced forecasts and other strategies that could better protect economic activity from weather impacts. The authors caution that the study should be viewed as an initial estimate, which they plan to refine in subsequent research. Lazo and his colleagues did not calculate additional costs associated with extreme weather events, such as this year’s tornado outbreaks, since data on extreme events were not available for the time period covered by their economic model. Nor did they evaluate the possible impacts of climate change, which is expected to lead to more flooding, heat waves, and other costly weather events. Still, the study concludes that the influence of routine weather variations on the economy is as much as 3.4 percent of U.S. gross domestic product.

Source

Shared with this Ministry in April, 2011: The LOZ is primarily causing collateral damage verses the loss of life. Adding to the monetary loss of this country’s treasury. This being Satan’s throne of authority, the LOZ is nudging him toward his new seat of rulership as he realizes he cannot sustain this country due to the ever mounting debt. The infrastructure – aging bridges, buildings, dams, etc., this all is set for a crumbling-to-ground effect when the LOZ launches its campaign to tremor the fault lines in the USA. That will bring forth the final demise of the already debt ridden nation. Michael has ordered that the LOZ will not pull back in the 5th month, but will instead continue to apply pressure to Satan”s new ruling authority, making it rough water for him to effectively serve as the Antichrist. His unwillingness to relinquish power over his prized child brings with it ramifications he did not expect.

What are the chances the U.S. economy could eventually trigger violence in our country?

June 8, 2011 Comments off

FROM CNN’s Jack Cafferty: For the first time maybe since the Vietnam War or certainly since the civil rights movement, there are some darkening storm clouds on the civility horizon. A growing number of voices are continuing to suggest that if this economy doesn’t turn around, and people can’t start feeling optimistic about their futures again, we could be headed for some ugly scenarios. A new CNN poll says 48 percent of Americans think the country is headed for another Great Depression in the next twelve months. That is a stunning number.

James Carville, who in 1992 told Bill Clinton, “It’s the economy stupid,” says the current economy is so bad, there is a heightened risk of civil unrest. And unless things start changing for the better, it’s a distinct possibility.

Our country is bankrupt and our government refuses to do anything about it. Unemployment is stuck above 9 percent. Millions of Americans are out of work, some for a number of years now. The value of peoples’ homes is sinking below the break-even line. In the most recent jobs report, more than half of the private sector jobs that were added were at McDonald’s.

For young people coming out of the nation’s colleges and universities, their families having invested hundreds of thousands of dollars in their education, the outlook is grim.

Add in the early record breaking heat in the cities in the East and we might not even have to wait until 2012. It could become a long, hot, ugly summer.

Source

The United States said that the Egyptian government should have respected the people that were protesting. but when it happens here, will the U.S. hold that view. or will they use force against their citizens to try and regain control? That control will never again be under this present government. The people of the United States are destined to come under the new Rome’s citizenship.

If you do not want to be caught in the bedlam of the cities, there is still some time left. Group together and buy rural property where you can form a community and grow crops for sustenance. Try to obtain property with a fresh water supply… above ground. Build your shelter homes beneath the ground. Eventually Satan’s new rule will be crushed. If you are fortunate, and though you might have missed the first Rapture, there is a chance for a second one. By then you should have come to the conclusion that you were taught the Truth. Seek Yahweh and Christ with a clean heart. Pray for deliverance from this pit you are presently in.

How Many Suicides Will There Be?

March 19, 2011 Comments off

While I was surfing through the various news sites this morning (Friday, March 18), I came across this story from the Los Angeles Times about the apparent suicide of a maintenance worker for Costa Mesa, CA. It seems that Costa Mesa is laying off nearly half of its employees and intending to outsource the work. Of course, the layoff notices have gone out, even though the city is still trying to figure out exactly what they are doing.

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Have you or has someone you know been affected by unemployment and financial hardships during this Great Tribulation?

Matthew 24:21  For at that time there will be great tribulation, the kind that hasn’t taken place from the beginning of the world until now and never will again!

Exodus 20:13 “You shall not murder.”

The Definition of Murder
v. tr.

1. To kill (another human) unlawfully.
2. To kill brutally or inhumanly.
3. To put an end to; destroy: murdered their chances.
4. To spoil by ineptness; mutilate: a speech that murdered the English language.
5. Slang To defeat decisively; trounce.

Not a single one of us has any right to take the life of another person, or ourselves and suicide is murder of oneself. (i.e. definition: To put an end to; destroy) But how do you convince someone who has no hope, not to commit suicide?

You do not say to yourself, “Well it’s his life and he has the right to take it if he wants.” Because our lives are NOT our own, but belong to our heavenly Father Yahweh who is our Creator.

You tell them the truth.

For those who believe in life after death and heaven and hell, most believe that when someone commits suicide that they still end up in heaven. That is not necessarily true. While Father is the final judge on what happens to any soul that passes over because She knows all things and reads the depths of our hearts, there could be some circumstances in which the person is forgiven, but this is not a guarantee.

In all truthfulness and in simplest terms, to commit suicide it to murder oneself and murder is a vile crime and those who commit vile crimes end up in the Abyss; which is confinement in complete darkness and total separation from God. If you have a hard time imagining this, think about being in solitary confinement in prison and then add to the scenario that the room you’re confined to is so pitch black that you cannot see your hand in front of your face; and on top of that, you have absolutely no interaction with another human being; for eternity.

When you look at any given situation and compare it in all truthfulness and honesty whatever it may be that you’re experiencing on earth, to an eternity spent in the Abyss, there is nothing on earth that would compare or could possibly be as bad as what the punishment would be for the crime of murder. And if you’re not certain that God truly does exist…do you really want to take that chance?

If you don’t believe, it’s a roll of the dice. Temporary sadness and hardship here on earth, or an eternity spent in darkness. Because remember, here on earth, everything really is temporary. We all go through a series of ups and downs, goo…d times and bad times. Sometimes the bad seem to outweigh the good – but they are most certainly not for eternity.

So if you’re contemplating suicide – the murder of yourself – I’ll tell you plainly and truthfully, just don’t do it. Fear God. Know that She is righteous and that while She reserves the right to pass judgment on all of us, She will also wipe every tear away when the time comes. Until then, endure and keep moving forward with your eyes set on Her and She will redeem you and love you in ways you never imagined possible.

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