ASIA TUMBLES ON US TUMBLE

HOARDING OF GOLD AND SILVER

DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.

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.

REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
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,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

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 13:16-18
16 And he(FALSE POPE) causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(CHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM

Asian markets sink on Lehman, Merrill woes By TOMOKO A. HOSAKA, Associated Press Writer SEPT 16,08 3:50 AM

TOKYO - Asian stock markets tumbled Tuesday amid growing fears of a global financial crisis as investors reacted to the demise of two of Wall Street's biggest names, Lehman Brothers and Merrill Lynch. Japan's benchmark Nikkei 225 index was down 5.3 percent to 11,560.66 in mid-afternoon trading, while Hong Kong's blue-chip Hang Seng Index shed 5.7 percent. Both markets — Asia's two biggest — had been closed for holidays on Monday, when news first broke about the dramatic events on Wall Street.

Across the region, markets were all deep in the red. South Korea's Kospi was down 5.4percent, Taiwan's benchmark was off 4.7 percent and China's Shanghai index was down 3.2 percent.Japan's central bank on Tuesday injected 2.5 trillion yen ($24 billion) into money markets and issued a statement vowing to take measures to maintain stability in the country's financial markets. Cabinet ministers, along with the central bank chief, were also holding an emergency meeting.The Bank of Japan will carefully monitor recent situations surrounding the U.S. financial institutions and their influences, and will continue to strive to ensure smooth settlement of funds and maintain stability in financial markets through measures such as appropriate money market operations, central bank Gov. Masaaki Shirakawa said.The dollar also got hit, falling to 104.43 yen early Tuesday afternoon in Asia from mid-107 yen levels before the weekend.In Tokyo, the Japanese unit of Lehman Brothers Holdings Inc. requested bankruptcy protection at a Tokyo court after the 158-year-old firm filed for Chapter 11 bankruptcy in New York on Monday.The storied New York investment bank, crippled by $60 billion in soured real-estate holdings, was unable to find an investment partner to throw it a lifeline despite a flurry of last-minute negotiations over the weekend.Investors were further shaken by the equally stunning news that Merrill Lynch, one of the world's most famous brokerages, sought to avoid a similar fate with a $50 billion transaction to become part of Bank of America Corp.

The crisis appeared to be far from over. American Insurance Group, the world's largest insurer, was fighting for its survival after downgrades from major credit rating firms, adding pressure to AIG as it seeks billions of dollars to strengthen its balance sheet.Seichi Miura, strategist at Mitsubishi UFJ Securities in Tokyo, said already weak investor sentiment has been badly shaken by Lehman. He predicted extremely volatile markets ahead.The market just hasn't been able to shake off an overall downward trend, he said.On Wall Street Monday, the Dow Jones industrial average fell more than 500 points, or 4.4 percent, to 10,917.51 — its worst point drop since after the September 11, 2001, terror attacks.European markets also sank Monday, with Britain's FTSE-100 share index falling 3.9 percent and France's CAC-40 down 3.7 percent.The Tokyo Stock Exchange halted securities and derivatives trading by Lehman Brothers a day after Japan's financial watchdog ordered its local unit to suspend operations.South Korea's financial regulator also said it had suspended some operations of two local units of Lehman Brothers.Share prices in Tokyo fell across the board, with banking issues taking a particularly hard hit in the wake of Lehman's collapse. Investors unloaded shares in major Japanese banks listed as some of the biggest lenders, including Aozora Bank, Mizuho Financial Group and Shinsei Bank.Aozora, a midsize Tokyo-based bank, lost more than 19 percent, even as the company in a statement sought to reassure markets that its net exposure could be reduced to less than $25 million compared with the widely reported figure of $463 million.

Mizuho Financial Group, Inc., with a $289 million loan to Lehman, fell more than 10 percent. Shinsei was down almost 16 percent. Australia's banks, including Commonwealth Bank of Australia, ANZ Banking Group and National Australia Bank Ltd., were all hit hard. In Seoul, South Korean banks extended losses. Top lender Kookmin Bank shares declined 8 percent while Hana Financial Group shares fell 10 percent.

In Hong Kong, major bank HSBC lost 4.4 percent, and leading mainland Chinese lender ICBC plummeted 7.7 percent. Hong Kong government officials said they were keeping a close eye on the markets. We know Hong Kong has a good monitoring system in place. I believe all monitoring agencies will make sure trading is conducted smoothly today, said Chan Ka-keung, secretary for financial services and treasury. Associated Press writers Kelly Olsen in Seoul, South Korea, Ray Lilley in Wellington, New Zealand, Rohan Sullivan in Sydney, Australia, and Mari Yamaguchi in Tokyo contributed to this report.

Dollar falls in Asian trade on financial turmoil SEPT 16,08 3:50 AM

TOKYO (AFP) - The dollar fell to two-month lows against the yen in Asia on Tuesday as the Lehman Brothers' bankruptcy sparked worries over the entire global financial system, analysts and dealers said. The dollar was changing hands at 104.34 yen in Tokyo afternoon trade, down from 104.89 yen in New York late Monday. It was a sharp drop from the nearly 108 yen to the dollar before the Lehman collapse.The greenback fell to a low of 104.03 briefly, the lowest level since July 16, with Lehman Brothers failing and insurer American International Group (AIG) seeking help.The euro edged up to 1.4257 dollars from 1.4227 while falling to 148.78 yen from 149.07-17.Concerns over the whole financial system weighed the market, said Satoru Ogasawara, foreign exchange strategist at Credit Suisse in Tokyo.Ogasawara said the US government may need to inject public funds into troubled banks to stabilise markets -- but it would not be able to give blanket support for all banks.There must be criteria to inject public money, taking into account the possibility that failures of banks would trigger systemic risks globally, he said.

Traders saw little reason for market conditions to calm in the near term, meaning the dollar could break below 100 yen in the near term.The dollar could possibly be traded in a 95-100 yen range in a week or two, Jun Kitazawa, head of FX at Brown Brothers Harriman Investment Services, told Dow Jones Newswires.The turmoil stemming from Lehman Brothers and other financial firms have sparked renewed talk that the Federal Reserve, which meets Tuesday, could lower rates to calm market turmoil.But analysts said that any decision by the Federal Reserve could be interpreted as a negative for the dollar.Since many players are pricing in a rate-cut, a stand-pat decision will disappoint markets, which may lead to another drop in New York stock prices, says Tohru Sasaki, chief currency strategist at JPMorgan Chase in Tokyo.

The Bank of Japan's policy board began a two-day meeting Tuesday.

The bank is widely expected to keep its key interest rate at 0.5 percent, which is the lowest among major economies, due to concerns that the world's second-largest economy will fall into recession.The euro also remained under pressure over gloomy prospects for the European economy. The dollar last Thursday soared to a 12-month high of 1.3882 against the euro.The euro is the weakest currency among the group of the dollar, yen and euro due to ongoing risk-aversion movements and falling crude oil prices, said Hiroshi Yoshida, a senior dealer at Shinkin Central Bank.

The dollar was mixed against Asian units.

It rose to 47.24 Philippine pesos from 47.07 on Monday, to 1.4312 Singapore dollars from 1.4308, to 32.17 Taiwan dollars from 32.05 and to 1,158.30 South Korean won from 1,106.75. The dollar fell to 9,450.0 Indonesia rupiah from 9,462.5 and to 34.23 Thai baht from 34.55.