The Bible says that the Earth would be destroyed by the earth. And that the Sea would be roaring in the last age.
Genesis 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence through them; and, behold, I will destroy them with the earth.
Luke 21:25-26
25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring;
26 Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.
Notice it says the powers of the heaven will be shaken. Well that is global warming, yesterday here in Owen Sound we had a thunder storm in winter. 1ST TIME I ever seen that in my 45 years.
And heres what Jacqui Jeras and Femi Oke from CNN the weather Ladyies have to say Just today as I write this story.
It starts out with Femi Oke being asked by the 2 hosts of your world today. Now more weather related news, I mean we have seen the mudslide, the drought in Kenya but also something else.
Femi Replys And in recent years once we have been able to put together a number of extreme weather stories. People keep asking what is going on in the world? Is this Global Warming? So the debate over global warming is certainly heating up. And for many the facts are already clear.
A new study for instance suggests that the Glaciers in Greenland are melting faster into the Atlantic Ocean. And if this is in fact happening, sea levels are rising. Then Jacui does a story on the Glaciers in Greenland.
Then Jacui says after the story. And the reason why all this is so important is because if that continues to happen it could affect weather patterns all across the globe. As that fresh water is released into the Ocean, it can change the amount of salt in the water and also can affect the temperature.
Those two things could change the cerculation of the Ocean currents. And that could have a dramatic impact on the weather in the United states and all across the globe.
Well the bible says the earth will be destroyed by the earth and it would be worldwide, The sea and the waves roaring (Oceans), and the powers of the heavens shakin (weird weather patterns and destruction worldwide because of it) Because mens hearts are failing them for fear of whats happening in the weather patterns.
So it just won't be world terrorism, this global warming will come to pass because in another passage it says if the day light hours were not shortened no flesh would be saved. The Summers will get hotter, the winters worse and in between every human weather disaster will occur, known and unknown.
Matthew 24:29
29 Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:
Revelation 16:8-9
8 And the fourth angel poured out his vial upon the sun; and power was given unto him to scorch men with fire.
9 And men were scorched with great heat, and blasphemed the name of God, which hath power over these plagues: and they repented not to give him glory.
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Mudslide wipes out Philippine village; 23 confirmed dead, 1,500 missing
PAUL ALEANDER Fri Feb 17, 8:27 AM ET MANILA, Philippines (AP) - A rain-soaked mountainside disintegrated into a torrent of mud, swallowing hundreds of houses
and an elementary school in the eastern Philippines on Friday. Officials said 23 people were confirmed dead, but 1,500 were missing and there were fears the death toll might soar.
It sounded like the mountain exploded, and the whole thing crumbled," survivor Dario Libatan told Manila radio DZMM. "I could not see any house standing anymore."
The farming village of Guinsaugon on Leyte island, 675 kilometres southeast of Manila, was virtually wiped out, with only a few jumbles of corrugated steel sheeting left to show that the community of some 2,500 people ever existed.
Two other villages also were affected, and about 3,000 evacuees were at a municipal hall.
"We did not find injured people," said Ricky Estela, a crewman on a helicopter that flew a politician to the scene. "Most of them are dead and beneath the mud."
The mud was so deep - up to nine metres in some places - and unstable that rescue workers had difficulty approaching the school. Education officials said 200 students, six teachers and the principal were believed to have been there.
Senator Richard Gordon, head of the Philippine Red Cross, issued the casualty estimates and made an international appeal for aid. The provincial governor asked for people to dig by hand, saying the mud was too soft for heavy equipment.
There appeared to be little hope for finding many survivors, and only 53 were extricated from the brown morass before dark halted rescue efforts for the night, officials said.
"It was like the whole village was wiped out," said air force spokesman Lt.-Col. Restituto Padilla.
Aerial TV footage showed a wide swath of mud amid stretches of rice paddies at the foothills of the now-scarred mountain, where survivors blamed illegal logging for contributing to the disaster.
Rescue workers dug with shovels for signs of survivors, and put a child on a stretcher, with little more than the girl's eyes showing through a covering of mud."Let us all pray for those who perished and were affected by this tragedy," President Gloria Macapagal Arroyo said in a
statement.
Gordon appealed for U.S. troops, in the country for joint military exercises, to send helicopters to the disaster site. The U.S. Embassy said a U.S. naval vessel was en route to the disaster area and Philippine disaster officials were being consulted on coordinating chopper deployment.
Volunteers from nearby provinces were quickly being joined by groups of troops being ferried in by helicopter, with more en route by sea.
Army Capt. Edmund Abella said he and about 30 soldiers from his unit were soaking wet from wading through mud up to their waists. Flash floods also were inundating the area, and the rumble of a secondary landslide sent rescuers scurrying for safety."The people said the ground suddenly shook, then a part of the mountain collapsed onto the village," Abella told The AP by
cellphone. "Some houses were carried by the mudflow, some were destroyed and other were buried.
"It's very difficult, we're digging by hand, the place is so vast and the mud is so thick. When we try to walk, we get stuck in the mud." He said the troops had just rescued a 43-year-old woman. "She was crying and looking for her three nephews, but they were nowhere to be found," Abella said.
While the official death toll was only 23, Gov. Rosette Lerias of Southern Leyte province told radio DZBB that 500 houses in Guinsaugon were feared buried in the mudslide that followed two weeks of almost non-stop rain. The elementary school was in session when the landslide struck between 9 and 10 a.m., and about 100 people were visiting the village for a women's group meeting.
"The ground has really been soaked because of the rain," Lerias said of downpours blamed on the La Nina weather phenomenon. "The trees were sliding down upright with the mud."
She said more than a square kilometre was covered in thick mud that remained unstable.
"Our communication line was cut because our people had to flee because the landslide appeared to be crawling," Lerias said.
Representative Roger Mercado, who represents Southern Leyte, said the mud covered coconut trees and damaged the national highway leading to the village. Lerias said many residents evacuated the area last week due to the threat of landslides or flooding, but had started returning home during increasingly sunny days, with the rains limited to evening downpours.
In November 1991, about 6,000 people were killed on Leyte in floods and landslides triggered by a tropical storm. Another 133 people died in floods and mudslides there in December 2003.
Friday, February 17, 2006
MORE INFO ON EURO DOLLAR FIGHT
Iran Vs. America … Round Two
Ikvot ha'Mashiach
COmmentary by Jack Kelley
Woe to those who plan iniquity, to those who plot evil on their beds! At morning's light they carry it out because it is in their power to do it. They covet fields and seize them, and houses, and take them. They defraud a man of his home, a fellowman of his inheritance.
Therefore, the LORD says: "I am planning disaster against this people, from which you cannot save yourselves. You will no longer walk proudly, for it will be a time of calamity. (Micah 2:1-3)
Keep your lives free from the love of money and be content with what you have, because God has said, "Never will I leave you; never will I forsake you."So we say with confidence, "The Lord is my helper; I will not be afraid. What can man do to me?" (Hebrews 13:5-6)
With all the talk about Iran's suspected nuclear capability and what the world should be doing to stop its development, a darker and even more sinister Iranian plot against the US is receiving little public attention. It concerns how the world currently purchases oil, and how Iran, the world's number two producer, is working to change that.
Today there are two oil exchanges in the world, in New York and London, and both require payment in American dollars. This means that any oil purchasing country has to keep large reserves of US currency on hand to fund their ongoing needs. Most Americans assume that the value of their money is pretty constant, but like just about everything else in the world the dollar's value in international markets is determined by the demand for it.
As countries purchase and pay for oil, their dollar reserves are depleted and they have to buy more of them to make sure they'll always have enough for future purchases. As the price of oil keeps going up an artificial demand for the US dollar has been created that according to some analysts has inflated its value on world markets by as much as 25 to 40%. But since both of the world's oil exchanges are owned by American interests, there's not much anyone can do about it. The US benefits greatly by this as it keeps the prices of foreign goods Americans buy lower than they would otherwise be, and also makes the purchase of foreign oil much less expensive.
How In The World Did That Happen?How does a country get that kind of clout in the world market place? Good question, and here's the briefest of summaries in answer. I developed this summary in part from an excellent article entitled The Proposed Iranian Oil Burse by Krassimir Petrov. Petrov is an Austrian Macro Economist/Investment Strategist with a Ph. D. in economics from Ohio State University. He teaches Macroeconomics, International Finance, and Econometrics at the American University in Bulgaria.
Historically, American dollars were backed by gold, and by the early 20th century the US economy had become the world's strongest. But recovering from the Stock Market crash and Great Depression required such a level of spending that Franklin Roosevelt had to detach the dollar from its gold backing in 1932. The US simply didn't have enough gold to cover all the money he needed to print.
Thirteen years later the US, having required gold as payment for weapons and war materiel it sold to other countries during WW2, owned most of the world's gold. This allowed the US to restore the gold standard (but only for dealing with other nations) in 1945, making the now strong again dollar the reserve currency of the world.
In the mid 1960's Lyndon Johnson's simultaneous goals of fighting the Viet Nam war and eliminating poverty at home required detaching the dollar from gold again to permit the printing of enough currency to meet the expense of these two costly goals. (Both were failures.)
When nations demanded gold for their dollars as they had been promised since 1945, the US refused and formally defaulted on its commitment on August 15, 1971. It was tantamount to declaring bankruptcy, but the US was powerful enough otherwise to get away with paying the nations of the world for the goods and services they had provided in dollars backed only by the "full faith and credit" of the USA.
The following year, to restore confidence in the dollar, the US signed an iron clad agreement with Saudi Arabia, the world's largest oil exporter, where in return for US support and protection, the Saudis agreed to only accept US dollars for their oil and convinced the rest of OPEC to do the same. Now, even though other countries can't get gold for their dollars, they can get oil. (Some speculate that the real reason for the US war in Iraq is that Saddam Hussein tried to break this agreement and sell his oil for Euros and Yen. According to this view, the US deposed him as an example to keep other OPEC countries from following suit and causing the dollar to plummet.)
And Now For Round TwoIran now proposes to challenge the US by opening its own oil exchange called the Iranian Oil Burse, or IOB, and permitting customers to pay in Euros, the currency of Iran's largest trading partner. They plan to begin offering their oil on the IOB beginning in March 2006. If successful, it means that countries will soon have the choice of paying OPEC for their oil with inflated US dollars or effectively receiving a 25% discount by purchasing it from Iran in Euros. Just about every country in the world will benefit greatly by this, especially the EU, whose currency would immediately become much stronger and more stable in world financial markets.
Everyone except the US that is, where foreign oil costs would skyrocket as the dollar declined in value, as would the cost of all other foreign goods. Within a few years, the US economy would decline to near third world status, and its national debt, which has again risen to record levels, would be impossible to repay. In short, the most powerful nation on earth would again be bankrupt as countries around the world dump large portions of their dollar reserves to buy Euros, driving its value even lower.
Some experts have calculated that this would be more devastating to the US than if Iran exploded a nuclear warhead in one of our major cities or wiped out our electronics with an EMP detonation. Even though America's military power would still be intact, at least for the time being, Iran would have done nothing that could justify retaliation. Iran could rightly say that they've only employed a lesson from free market capitalism, providing the world a much needed commodity at a better price.
The ten horns you saw are ten kings who have not yet received a kingdom, but who for one hour will receive authority as kings along with the beast. (Rev. 17:12)
This would also hasten the shift of global power from the US to Europe as Bible Prophecy suggests. The Euro, which floundered following France's defeat of the proposed EU constitution, would become the world's financial reserve currency like the dollar is now and the British pound sterling once was. EU countries like Italy that went off the Euro in favor of their former currency, would come flocking back, and the EU economy, already larger than that of the US, would get a huge shot in the arm.
You Gonna Let 'Em Get Away With That?Obviously, the US can't just stand by and let that happen, so how does Iran expect to pull this off? After all, look at what happened to Saddam. It turns out that there are two things working in Iran's favor that Saddam didn't have going for him. First of all the US, thanks in no small part to Iran and its partner Syria, is deeply entangled in a very expensive ($100,000 US per minute!) war in Iraq with no quick end in sight.
Almost no one in the world believes that the US could afford to engineer a "regime change" in Iran at the same time, with all that would entail, although that's eventually what it will take to permanently stop Iran. But with Israel's help the US could use Iran's nuclear ambitions as a pretext to mount a massive pre-emptive strike, temporarily putting a stop to both the nuclear program and the IOB.
And that brings us to the second thing. Iran doesn't have to succeed to win this battle. In fact, in some ways, the bigger the mess they create, the better. Iran has leaders who believe that by plunging the world into utter chaos they can hasten the return of the Islamic Messiah, or Mahdi, the hidden 12th Imam, and they believe the time is right.
In the latter part of their reign, when rebels have become completely wicked, a stern faced king, a master of intrigue will arise. He will become very strong, but not by his own power. He will cause astounding devastation and will succeed in whatever he does. He will destroy the mighty men and the holy people. He will cause deceit to prosper and will consider himself superior. When they feel secure, (by means of peace, KJV) he will destroy many and take his stand against the Prince of Princes. Yet he will be destroyed, but not by human power. (Daniel 8:23-25)
To that end it appears from current news reports that Iran has two potentially war inducing events planned for March of 2006. The first is their initial underground test of a nuclear weapon. (That ought to put to rest the debate about just how close Iran is to going nuclear!) And the second is the opening of the IOB.
Either one should be enough to prompt a US (or Israeli, or both) attack, and that's just what Iran's President wants. By getting a foreign, preferably western nation to mount a pre-emptive attack on his country, the President of Iran believes he can force the world into a war devastating enough to bring the Mahdi back to Earth to judge Islam's enemies and inaugurate the promised universal peace under Islamic rule.
Our last article gave you all the details on this.
Of course, you and I know that this plan will only work if the King of the Universe is ready to fire the starting pistol to begin Earth's race to the End Times. But it sure will make the month of March one of the most exciting yet. Better stay alert. If you listen carefully, you can almost hear the Footsteps of the Messiah. 02-11-06
Ikvot ha'Mashiach
COmmentary by Jack Kelley
Woe to those who plan iniquity, to those who plot evil on their beds! At morning's light they carry it out because it is in their power to do it. They covet fields and seize them, and houses, and take them. They defraud a man of his home, a fellowman of his inheritance.
Therefore, the LORD says: "I am planning disaster against this people, from which you cannot save yourselves. You will no longer walk proudly, for it will be a time of calamity. (Micah 2:1-3)
Keep your lives free from the love of money and be content with what you have, because God has said, "Never will I leave you; never will I forsake you."So we say with confidence, "The Lord is my helper; I will not be afraid. What can man do to me?" (Hebrews 13:5-6)
With all the talk about Iran's suspected nuclear capability and what the world should be doing to stop its development, a darker and even more sinister Iranian plot against the US is receiving little public attention. It concerns how the world currently purchases oil, and how Iran, the world's number two producer, is working to change that.
Today there are two oil exchanges in the world, in New York and London, and both require payment in American dollars. This means that any oil purchasing country has to keep large reserves of US currency on hand to fund their ongoing needs. Most Americans assume that the value of their money is pretty constant, but like just about everything else in the world the dollar's value in international markets is determined by the demand for it.
As countries purchase and pay for oil, their dollar reserves are depleted and they have to buy more of them to make sure they'll always have enough for future purchases. As the price of oil keeps going up an artificial demand for the US dollar has been created that according to some analysts has inflated its value on world markets by as much as 25 to 40%. But since both of the world's oil exchanges are owned by American interests, there's not much anyone can do about it. The US benefits greatly by this as it keeps the prices of foreign goods Americans buy lower than they would otherwise be, and also makes the purchase of foreign oil much less expensive.
How In The World Did That Happen?How does a country get that kind of clout in the world market place? Good question, and here's the briefest of summaries in answer. I developed this summary in part from an excellent article entitled The Proposed Iranian Oil Burse by Krassimir Petrov. Petrov is an Austrian Macro Economist/Investment Strategist with a Ph. D. in economics from Ohio State University. He teaches Macroeconomics, International Finance, and Econometrics at the American University in Bulgaria.
Historically, American dollars were backed by gold, and by the early 20th century the US economy had become the world's strongest. But recovering from the Stock Market crash and Great Depression required such a level of spending that Franklin Roosevelt had to detach the dollar from its gold backing in 1932. The US simply didn't have enough gold to cover all the money he needed to print.
Thirteen years later the US, having required gold as payment for weapons and war materiel it sold to other countries during WW2, owned most of the world's gold. This allowed the US to restore the gold standard (but only for dealing with other nations) in 1945, making the now strong again dollar the reserve currency of the world.
In the mid 1960's Lyndon Johnson's simultaneous goals of fighting the Viet Nam war and eliminating poverty at home required detaching the dollar from gold again to permit the printing of enough currency to meet the expense of these two costly goals. (Both were failures.)
When nations demanded gold for their dollars as they had been promised since 1945, the US refused and formally defaulted on its commitment on August 15, 1971. It was tantamount to declaring bankruptcy, but the US was powerful enough otherwise to get away with paying the nations of the world for the goods and services they had provided in dollars backed only by the "full faith and credit" of the USA.
The following year, to restore confidence in the dollar, the US signed an iron clad agreement with Saudi Arabia, the world's largest oil exporter, where in return for US support and protection, the Saudis agreed to only accept US dollars for their oil and convinced the rest of OPEC to do the same. Now, even though other countries can't get gold for their dollars, they can get oil. (Some speculate that the real reason for the US war in Iraq is that Saddam Hussein tried to break this agreement and sell his oil for Euros and Yen. According to this view, the US deposed him as an example to keep other OPEC countries from following suit and causing the dollar to plummet.)
And Now For Round TwoIran now proposes to challenge the US by opening its own oil exchange called the Iranian Oil Burse, or IOB, and permitting customers to pay in Euros, the currency of Iran's largest trading partner. They plan to begin offering their oil on the IOB beginning in March 2006. If successful, it means that countries will soon have the choice of paying OPEC for their oil with inflated US dollars or effectively receiving a 25% discount by purchasing it from Iran in Euros. Just about every country in the world will benefit greatly by this, especially the EU, whose currency would immediately become much stronger and more stable in world financial markets.
Everyone except the US that is, where foreign oil costs would skyrocket as the dollar declined in value, as would the cost of all other foreign goods. Within a few years, the US economy would decline to near third world status, and its national debt, which has again risen to record levels, would be impossible to repay. In short, the most powerful nation on earth would again be bankrupt as countries around the world dump large portions of their dollar reserves to buy Euros, driving its value even lower.
Some experts have calculated that this would be more devastating to the US than if Iran exploded a nuclear warhead in one of our major cities or wiped out our electronics with an EMP detonation. Even though America's military power would still be intact, at least for the time being, Iran would have done nothing that could justify retaliation. Iran could rightly say that they've only employed a lesson from free market capitalism, providing the world a much needed commodity at a better price.
The ten horns you saw are ten kings who have not yet received a kingdom, but who for one hour will receive authority as kings along with the beast. (Rev. 17:12)
This would also hasten the shift of global power from the US to Europe as Bible Prophecy suggests. The Euro, which floundered following France's defeat of the proposed EU constitution, would become the world's financial reserve currency like the dollar is now and the British pound sterling once was. EU countries like Italy that went off the Euro in favor of their former currency, would come flocking back, and the EU economy, already larger than that of the US, would get a huge shot in the arm.
You Gonna Let 'Em Get Away With That?Obviously, the US can't just stand by and let that happen, so how does Iran expect to pull this off? After all, look at what happened to Saddam. It turns out that there are two things working in Iran's favor that Saddam didn't have going for him. First of all the US, thanks in no small part to Iran and its partner Syria, is deeply entangled in a very expensive ($100,000 US per minute!) war in Iraq with no quick end in sight.
Almost no one in the world believes that the US could afford to engineer a "regime change" in Iran at the same time, with all that would entail, although that's eventually what it will take to permanently stop Iran. But with Israel's help the US could use Iran's nuclear ambitions as a pretext to mount a massive pre-emptive strike, temporarily putting a stop to both the nuclear program and the IOB.
And that brings us to the second thing. Iran doesn't have to succeed to win this battle. In fact, in some ways, the bigger the mess they create, the better. Iran has leaders who believe that by plunging the world into utter chaos they can hasten the return of the Islamic Messiah, or Mahdi, the hidden 12th Imam, and they believe the time is right.
In the latter part of their reign, when rebels have become completely wicked, a stern faced king, a master of intrigue will arise. He will become very strong, but not by his own power. He will cause astounding devastation and will succeed in whatever he does. He will destroy the mighty men and the holy people. He will cause deceit to prosper and will consider himself superior. When they feel secure, (by means of peace, KJV) he will destroy many and take his stand against the Prince of Princes. Yet he will be destroyed, but not by human power. (Daniel 8:23-25)
To that end it appears from current news reports that Iran has two potentially war inducing events planned for March of 2006. The first is their initial underground test of a nuclear weapon. (That ought to put to rest the debate about just how close Iran is to going nuclear!) And the second is the opening of the IOB.
Either one should be enough to prompt a US (or Israeli, or both) attack, and that's just what Iran's President wants. By getting a foreign, preferably western nation to mount a pre-emptive attack on his country, the President of Iran believes he can force the world into a war devastating enough to bring the Mahdi back to Earth to judge Islam's enemies and inaugurate the promised universal peace under Islamic rule.
Our last article gave you all the details on this.
Of course, you and I know that this plan will only work if the King of the Universe is ready to fire the starting pistol to begin Earth's race to the End Times. But it sure will make the month of March one of the most exciting yet. Better stay alert. If you listen carefully, you can almost hear the Footsteps of the Messiah. 02-11-06
Sunday, February 12, 2006
STOCK MARKET COLLAPSE
STOCK MARKET COLLAPSE
A Caller from England was on Israel National Radio Sunday morning (FEB 12), and what he said amazed me how prophesy is coming to pass. He said Iran and the European Union would make a deal that the Oil would be in EU euros instead of dollars.
He said if everyone in the World switched to the Euro, the dollar would devalue, it would plunge the USA into inflation and he said it would be worse then the 1929 stock market crash. And he is right on by saying this. Look at these scriptures that prove hes correct by saying it would be worse than the 1929 CRASH, IT WILL BE A WORLD CRASH and the EU like the Bible says will control the commerce of the world.
HOARDING OF GOLD AND SILVER (STOCK MARKET COLLAPSE)
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
REVELATION 18:10-17
10 Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon (USA), that mighty city! for in one hour is thy judgment come.
11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:
12 The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble,
13 And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men.
14 And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all.
15 The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing,
16 And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls!
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
Standard & Poor's specialists predict global economic Armageddon
Experts of Standard & Poor's forecast a global economic collapse. The collapse will be caused with the demise of the US dollar rate against the European currency by more than 30 percent. The dollar, specialists say, may lose almost 45 percent of its current value against the euro. However, it is obvious that even a 30 percent reduction will affect the international economy
greatly.
Standard & Poor's (SP) ties the possible decline of the American currency with the imminent rise of the European economy and the payment shortage of the USA, which made up 6.4 percent of the nation's GDP last year ($790 billion). SP analysts emphasize the restricted growth of the USA's GDP, which has been behind the level of ten percent for quite a while. US assets – securities and real estate – successfully compensate the 6.5 percent payment shortage of the GDP at present.
The assets enjoy very good demands on the market: the growth of their cost outstrips the growing volume of the payment deficit. SP specialists believe, however, that the cost of the above-mentioned assets has been increasing for a very long time. This process is expected to stop sooner or later, SP analysts say.
If it happens, the issue of the US dollar stability will surface immediately. The global economic collapse will follow shortly after that. The European Central Bank has expressed its concerns with the forecast from Standard & Poor's. European financial specialists say that the demise of the American currency will endanger the global economy on the whole.
Alex Weber, a member of the ECB council, stated during the recent Economic Forum in Davos that international investors do not pay enough attention to the risks which the global economy has to face at the moment. The President of the European Central Bank Jean-Claude Trichet agreed with his colleague. According to Trichet, the world will have to pay a huge price for the ongoing increase of the payment deficit in the USA.
The forecast from Standard & Poor's contains several contradictions as well. The US dollar has very strong defenders outside the USA – China and Japan. The two countries acquire the stocks of the US Treasury to support the dollar. The dollar share makes up 70 percent (almost one trillion US dollars) of the Chinese currency reserves despite the continuing process to reduce the dollar constituent in China's reserves. Therefore, China is highly interested in the preservation of the dollar value.
If the pessimistic forecast from Standard & Poor's is destined to come true, the declining dollar will affect the world economy entirely and lead to unpredictable consequences.
A Caller from England was on Israel National Radio Sunday morning (FEB 12), and what he said amazed me how prophesy is coming to pass. He said Iran and the European Union would make a deal that the Oil would be in EU euros instead of dollars.
He said if everyone in the World switched to the Euro, the dollar would devalue, it would plunge the USA into inflation and he said it would be worse then the 1929 stock market crash. And he is right on by saying this. Look at these scriptures that prove hes correct by saying it would be worse than the 1929 CRASH, IT WILL BE A WORLD CRASH and the EU like the Bible says will control the commerce of the world.
HOARDING OF GOLD AND SILVER (STOCK MARKET COLLAPSE)
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
REVELATION 18:10-17
10 Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon (USA), that mighty city! for in one hour is thy judgment come.
11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:
12 The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble,
13 And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men.
14 And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all.
15 The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing,
16 And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls!
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
Standard & Poor's specialists predict global economic Armageddon
Experts of Standard & Poor's forecast a global economic collapse. The collapse will be caused with the demise of the US dollar rate against the European currency by more than 30 percent. The dollar, specialists say, may lose almost 45 percent of its current value against the euro. However, it is obvious that even a 30 percent reduction will affect the international economy
greatly.
Standard & Poor's (SP) ties the possible decline of the American currency with the imminent rise of the European economy and the payment shortage of the USA, which made up 6.4 percent of the nation's GDP last year ($790 billion). SP analysts emphasize the restricted growth of the USA's GDP, which has been behind the level of ten percent for quite a while. US assets – securities and real estate – successfully compensate the 6.5 percent payment shortage of the GDP at present.
The assets enjoy very good demands on the market: the growth of their cost outstrips the growing volume of the payment deficit. SP specialists believe, however, that the cost of the above-mentioned assets has been increasing for a very long time. This process is expected to stop sooner or later, SP analysts say.
If it happens, the issue of the US dollar stability will surface immediately. The global economic collapse will follow shortly after that. The European Central Bank has expressed its concerns with the forecast from Standard & Poor's. European financial specialists say that the demise of the American currency will endanger the global economy on the whole.
Alex Weber, a member of the ECB council, stated during the recent Economic Forum in Davos that international investors do not pay enough attention to the risks which the global economy has to face at the moment. The President of the European Central Bank Jean-Claude Trichet agreed with his colleague. According to Trichet, the world will have to pay a huge price for the ongoing increase of the payment deficit in the USA.
The forecast from Standard & Poor's contains several contradictions as well. The US dollar has very strong defenders outside the USA – China and Japan. The two countries acquire the stocks of the US Treasury to support the dollar. The dollar share makes up 70 percent (almost one trillion US dollars) of the Chinese currency reserves despite the continuing process to reduce the dollar constituent in China's reserves. Therefore, China is highly interested in the preservation of the dollar value.
If the pessimistic forecast from Standard & Poor's is destined to come true, the declining dollar will affect the world economy entirely and lead to unpredictable consequences.
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