MARKETS STILL IN TURMOIL

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

VIDEO - STATIONS

CNN NEWS VIDEO
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YAHOO NEWS VIDEO
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MIDEAST CONFLICT NEWS
http://news.yahoo.com/video/1874;_ylt=A0wNcxFdg6xIgbkAwD6z174F

ABC NEWS VIDEO
http://news.yahoo.com/video/2461

FOX NEWS VIDEO
http://news.yahoo.com/video/3074

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http://news.yahoo.com/video/3045

AP NEWS VIDEO
http://news.yahoo.com/video/2529

BBC NEWS VIDEO
http://news.yahoo.com/video/2918

REUTERS VIDEO NEWS
http://news.yahoo.com/video/2704

AFP NEWS VIDEO
http://news.yahoo.com/video/3091

In the Financial news today on the WORLD MARKETS. ITS A GLOBAL ECONOMIC SLOWDOWN. 9 COUNTRIES have put 220 BILLION dollars into the US market to salvage the MARKETS. The countries that are combining with funds are 9 CENTRAL BANKS: DENMARK, NORWAY, AUSTRALIA, SWEDEN, SWITZERLAND, CANADA, ENGLAND, JAPAN, AND THE EUROPEAN CENTRAL BANK AS WELL AS THE UNITED STATES FEDERAL RESERVE. ICELAND, GREECE, PORTUGAL, SPAIN AND RUSSIA ARE THE LOSERS ON THE MARKETS. ANY BANK IN THESE 9 COUNTRIES CAN TAKE THEIR PAPER THAT NEEDS DOLLAR FUNDING AND GET FUNDING AT THESE FOREIGN CENTRAL BANKS. ITS A GLOBAL ATTEMPT TO DEAL WITH THE ISSUES.THE MARKETS ARE CALLING FOR MORE EUROPEAN UNION INVOLVMENT TO A EUROPEAN WIDE SOLUTION TO THE PROBLEM.

DOW HALF HOUR REPORTS SEPT 29,08 ROSH HASHANA IN ISRAEL.

09:30 AM -131.58
10:00 AM -280.68
10:30 AM -270.64
11:00 AM -276.38
11:30 AM -282.19
12:00 PM -273.51
12:30 PM -303.14
01:00 PM -279.01
01:30 PM -233.93
02;00 PM -425.32
02:30 PM -519.80
03:00 PM -562.08
03:30 PM -725.51
04:00 PM -777.68 10365.45

LAST 8 MINUTES OF THE DOW, INTERESTING 777 POINTS DOWN, WHEN 7 IN THE BIBLE IS COMPLETION AND THERE ARE 21 JUDGEMENTS COMING ON THE EARTH (7+7+7) DURING THE 7 YEAR TRIBULATION OR 7 YEAR PEACE TREATY OF DANIEL 9:27. AND ITS ON THE NEW YEAR OF ISRAEL, JUDGEMENT DAY OR ROSH HASHANA, NO ACCIDENT.

8TH MINUTE -624.60
7TH mINUTE -628.42
6TH MINUTE -628.66
5TH MINUTE -581.43
4TH MINUTE -575.78
3RD MINUTE -593.46
2ND MINUTE -590.88
1ST MINUTE -580.24
4:20 FINAL -777.68

S&P 500 1106.55 -106.72 LOST

NAS 1983.73 -199.61

GOLD 911.40 +22.90

SILVER 13.180 -0.323

OIL 95.62 -11.27

VOTE COUNT COMPLETE BUT STILL NEGOTIATIONS. COULD STILL PASS.
AS OF 1:55 PM NEVER PASSED.

DEMOCRATES YES 142 VOTES NO 94 VOTES
REPUBLICANS YES 065 VOTES NO 133 VOTES

TOTALS 207 YES NO 227 0 VOTE REMAINING TO BE DONE. BUT THE TEAMS ARE NEGOTIATING TO TRY TO PASS THE BILL AS OF NOW IT FAILED.

THE STOCK MARKET DROPPED FROM 200 TO 705 POINTS WHILE THE VOTE WAS ENDING.

AS OF 2:30PM REPORTS IT WILL FAIL AND THE NEGOTIATIONS OF THE 700 BILLION DOLLAR BILL WILL HAVE TO BE RE NEGOTIATED. THE DEMOCRATES AND REPUBLICANS WILL TRY TO GET A 2ND VOTE ON THE BILL TO SEE IF IT CAN STILL PASS. TALK ABOUT A NATION IN DISTRESS TODAY...WOW. -557.64 AS OF 2:35PM.

AS OF 5:35 THE FINAL VOTE TOTAL
DEMOCRATES YES 140 VOTES NO VOTES 095 NO VOTES 0
REPUBLICANS YES 065 VOTES NO VOTES 133 NO VOTES 1

TOTALS YES 205 VOTES NO VOTES 228 NO VOTES 1

-777.68 WAS THE WORST ONE DAY POINT LOSS IN HISTORY OF THE DOW.
1.2 TRILLION DOLLAR PAPER LOSS, 1ST TIME EVER A TRILLION DOLLAR LOSS IN 1 DAY.

House ignores Bush, rejects $700B bailout bill By JULIE HIRSCHFELD DAVIS, Associated Press Writer SEPT 29,08

WASHINGTON - In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged nearly 800 points, the most ever for a single day. Democratic and Republican leaders alike pledged to try again, though the Democrats said GOP lawmakers needed to provide more votes. Bush huddled with his economic advisers about a next step. The House was to reconvene on Thursday instead of adjourning for the year as planned.

Stocks began falling even before the 228-205 vote to reject the bill was officially announced on the House floor. The 777-point decline for the day surpassed the 721-point previous record, on the day after the Sept. 11, 2001, terror attacks, though in percentage terms it was well short of the drops on Black Monday of October 1987 and at the start of the Depression.In the House chamber, as a digital screen recorded a cascade of no votes against the bailout, Democratic Rep. Joe Crowley of New York shouted news of the falling stocks. Six hundred points! he yelled, jabbing his thumb downward.Bush and a host of leading congressional figures had implored the lawmakers to pass the legislation despite loud protest from their constituents back home. Not enough members were willing to take the political risk just five weeks before an election.More than two-thirds of Republicans and 40 percent of Democrats opposed the bill.The overriding question for congressional leaders was what to do next. Congress has been trying to adjourn so that its members can go out and campaign for the election that is just five weeks away.The legislation may have failed; the crisis is still with us, said House Speaker Nancy Pelosi, D-Calif., in a news conference after the defeat.What happened today cannot stand, Pelosi said. We must move forward, and I hope that the markets will take that message.At the White House, Bush said, I'm disappointed in the vote. ... We've put forth a plan that was big because we've got a big problem. He pledged to keep pressing for a measure that Congress would pass.Republicans blamed Pelosi's scathing speech near the close of the debate — which attacked Bush's economic policies and a right-wing ideology of anything goes, no supervision, no discipline, no regulation of financial markets — for the vote's failure.

We could have gotten there today had it not been for the partisan speech that the speaker gave on the floor of the House, Minority Leader John Boehner said. Pelosi's words, the Ohio Republican said, poisoned our conference, caused a number of members that we thought we could get, to go south.Rep. Roy Blunt, R-Mo., the whip, estimated that Pelosi's speech changed the minds of a dozen Republicans who might otherwise have supported the plan.That was a remarkable accusation by Republicans against Republicans, said Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee: Because somebody hurt their feelings, they decided to punish the country.The presidential candidates kept close track — from afar.In Colorado, Democrat Barack Obama said, Democrats, Republicans, step up to the plate, get it done.Republican John McCain spoke with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke before leaving Ohio for a campaign stop in Iowa, a spokeswoman said.The legislation the administration promoted would have allowed the government to buy bad mortgages and other rotten assets held by troubled banks and financial institutions. Getting those debts off their books should bolster those companies' balance sheets, making them more inclined to lend and easing one of the biggest choke points in the credit crisis. If the plan worked, the thinking went, it would help lift a major weight off the national economy that is already sputtering.

Monday's action had been preceded by unusually aggressive White House lobbying, and Fratto said that Bush had been making calls to lawmakers until shortly before the vote. Bush and his economic advisers, as well as congressional leaders in both parties had argued the plan was vital to insulating ordinary Americans from the effects of Wall Street's bad bets. The version that was up for vote Monday was the product of marathon closed-door negotiations on Capitol Hill over the weekend. We're all worried about losing our jobs, Rep. Paul Ryan, R-Wis., declared in an impassioned speech in support of the bill before the vote. Most of us say, I want this thing to pass, but I want you to vote for it — not me.Said Boehner, after the vote: Americans are angry, and so are my colleagues. They don't want to have to vote for a bill like this. But I have concerns about what this means for the American people, what it means for our economy, and what it means for people's jobs. I think that we need to renew our efforts to find a solution that Congress can support.

MONEYNETDAILY Bailout plan fails as stocks plummet,Dow loses more than 600 points as investors monitor House vote September 29, 2008 2:40 pm Eastern 2008 WorldNetDaily

Stocks plummeted as the House of Representatives rejected a $700 billion plan to revive nearly stalled credit markets by buying up toxic debt.The Dow Jones Industrial Average bounced wildly between 400 and more than 600 points as investors watched the congressional vote. The final tally was 228-205 against the bill.

President Bush pressed lawmakers to pass the plan despite vociferous criticism from the public.Rep. Barney Frank, the Financial Services Committee chairman, said, however, Many of us feel that the national interest requires us to do something which is, in many ways, unpopular. It is hard to get political credit for avoiding something that has not yet happened.President Bush came before media at the White House this morning to urge passage of the bill, stating every member of Congress and every American should keep in mind that a vote for this bill is a vote to prevent economic damage to you and your community.With this strong and decisive legislation, he said, we will help restart the flow of credit so American families can meet their daily needs and American businesses can make purchases, ship goods and meet their payrolls.

Stocks fall sharply lower ahead of bailout vote By TIM PARADIS, AP Business Writer SEPT 29,08 12PM.

NEW YORK - Financial markets endured another difficult session Monday ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies and as investors examined a deal for Wachovia Corp. The Dow Jones industrial average fell nearly 300 points, while demand for safe-haven buying in government debt remained high ahead of the vote. Wall Street fears the government's plan to buy up toxic debt wouldn't be sufficient to resuscitate nearly frozen credit markets.Investors also reviewed the buyout at Wachovia. The Federal Deposit Insurance Corp. said Monday Citigroup Inc. will acquire Wachovia's banking operations and that the deal protects Wachovia debtholders — a welcome prospect for investors given the strains in the credit markets. Investors had been worried about Wachovia's stability as it grappled with mounting losses over souring mortgage debt. Citi rose 69 cents, or 3.4 percent, to $20.84.Investors appeared to find some reassurance in a move by the Federal Reserve and other countries' central banks to pump money into the world's credit markets. The Fed said it would boost the amount of 84-day cash loans available to U.S. banks to $75 billion, up from $25 billion. The plan will triple the supply of 84-day loans to $225 billion from $75 billion.

The news comes as President Bush and congressional leaders looked to shore up support for the rescue measure, which they and many on Wall Street believe is a difficult but necessary step to revive moribund credit markets. Banks and other financial houses are hesitant to lend to one another because of fears about bad mortgage debt on companies' books.Tight lending conditions make it hard and expensive for businesses and consumers to get loans, which can hurt the economy.

While congressional leaders said they had the headcount to pass the vote — a Senate vote could come as early as Wednesday — investors were likely to be unnerved until the votes are complete.Credit markets remained strained Monday. The yield on the 3-month Treasury bill, considered the safest short-term investment, fell to 0.55 percent from 0.87 percent late Friday. The yield was lower before the Fed's action. The yield on the T-bill falls as demand grows; investors are at times willing to take the slimmest returns to safeguard their principal. The yield on the benchmark 10-year Treasury note fell to 3.67 percent from 3.84 percent late Thursday.Marc Pado, U.S. market strategist at Cantor Fitzgerald, said investors are nervous that lawmakers' response to credit troubles doesn't apply enough medicine to the financial system's wounds. He pointed to another round of troubles at banks in the U.S. and Europe.Things are dying and breaking apart while they sit there and vote on this thing, he said.In late morning trading, the Dow fell 289.68, or 2.60 percent, to 10,853.45 after having been down more than 350.Broader stock indicators also fell. The Standard & Poor's 500 index declined 42.92, or 3.54 percent, to 1,170.35, and the Nasdaq composite index fell 85.80, or 3.93 percent, to 2,097.54.The dollar was mixed against other major currencies, while gold prices rose.Light, sweet crude fell $6.40 to $100.29 on the New York Mercantile Exchange.The pullback came as lawmakers prepared to vote on a different rescue plan than some had envisioned. There are new restrictions allowing Congress to limit how much of the money goes out the door at once. It also includes caps on pay packages of top executives as well as assurances that the government also would ultimately be reimbursed by the companies for any losses. The Treasury would be permitted to spend $250 billion to buy banks' risky assets, giving them a much-needed necessary cash infusion. There also would be another $100 billion for use at president's discretion and a final $350 billion if Congress signs off on it.

Pado also noted that many portfolio managers are looking to dump shares of financial companies and other poor-performers ahead of the end of the third quarter Tuesday. Managers don't want to have to report owning unpopular stocks and are instead looking to snap up more defensive names like consumer staples as well as boost their cash reserves.It's what drives window dressing, he said. People are saying What has not fallen apart is what I need to show.Indeed, health care and consumer staples stocks declined less than the rest of the market Monday. Johnson & Johnson slipped 3 cents to $69.37, while Kraft Foods Inc. rose 4 cents to $32.97. Investors also digested news that consumer spending in August fell to its lowest level in six months. The Commerce Department said spending remained unchanged rather than increasing 0.2 percent as economists had expected. It was the worst showing since February. Personal incomes rose a better-than-expected 0.5 percent after falling 0.6 percent drop in July. But after-tax incomes fell by 0.9 percent. Incomes benefited in past months from the government's stimulus checks. Wall Street is also worried about overall sluggishness in the world's economy. In the U.S., for example, unemployment now sits at a five-year high of 6.1 percent. That rate is expected to increase, perhaps putting further pressure on consumer spending, which accounts for more than two-thirds of the nation's economic activity. For the Wachovia deal, Citigroup's acquisition will include five depository institutions and the assumption of debt. The FDIC said Citigroup will absorb up to $42 billion of losses on a $312 billion pool of loans. The FDIC said it would cover any additional losses. The FDIC gets $12 billion in preferred stock and warrants under the deal. Investors overseas were nervous ahead of the votes in Washington and after three European governments agreed to inject Fortis NV with a $16.4 billion bailout. Fortis, with has headquarters in Brussels, Belgium and Utrecht, Netherlands, is Belgium's largest retail bank. The British government said it is nationalizing mortgage lender Bradford & Bingley, which has a $91 billion mortgage and loan portfolio. It was the latest sign that the credit crisis has spread beyond the U.S. Japan's Nikkei stock average fell 1.26 percent. Britain's FTSE 100 fell 4.16 percent, Germany's DAX index fell 3.87 percent, and France's CAC-40 fell 4.90 percent. On the Net: New York Stock Exchange: http://www.nyse.com Nasdaq Stock Market: http://www.nasdaq.com

Bush confident bailout bill will stabilize economy By JULIE HIRSCHFELD DAVIS, Associated Press Writer SEPT 29,08

WASHINGTON - Key supporters of a Wall Street bailout package prodded lawmakers to approve the plan hours ahead of a difficult House vote on Monday, with President Bush saying it is needed to keep the crisis in our financial system from spreading throughout our economy.Every member of Congress and every American should keep in mind that a vote for this bill is a vote to prevent economic damage to you and your community, said Bush, fully aware that congressional passage of the $700 billion compromise legislation is far from assured.With this strong and decisive legislation, he said, we will help restart the flow of credit so American families can meet their daily needs and American businesses can make purchases, ship goods and meet their payrolls.The package cleared a key procedural hurdle on the House floor Monday morning with a 220-198 vote to move it to three hours of general debate and a final vote, likely by midday or early afternoon.Two leading players in the negotiations also spoke early Monday, taking to television news shows to lobby for approval of a package deeply unpopular with a public angry that taxpayer money will save Wall Street firms from heavy risk-taking. Thousands of angry phone calls, e-mails and letters have poured into Capitol Hill from constituents.But Sen. Chris Dodd, D-Conn., said that failure to act would spread the contagion of frozen credit markets even further. This is not just about Wall Street, said the Banking Committee chairman.Sen. Judd Gregg, R-N.H., told The Associated Press: It's one of those situations where if it passes and works, people will never know how close we were to the brink.Still, both men said the necessity of such massive government action is a sad day for the nation. Asked if the legislation, slated for a vote in the House later Monday and a Senate vote as early as Wednesday, would pass, Dodd said only: We hope so.These players were speaking not just to rank-and-file lawmakers to whom the spotlight now turns in this contentious, dramatic debate, but to U.S. and global markets which have displayed nervousness about Washington's determination to act.

Investors worldwide and in early trading in the United States continued to show doubt about whether the bill would go through, much less go a long way toward curing the systemic problems that have unnerved financial markets across the globe for weeks.There was a further sign of general economic deterioration Monday as the Commerce Department reported that consumer spending was unchanged in August — even worse than the small 0.2 percent gain that economists had anticipated. It was the weakest showing since spending was also flat in February.Federal Reserve Chairman Ben Bernanke, in a statement Monday, said he welcomed agreement on a compromise bill.

This legislation should help to restore the flow of credit to households and businesses that is essential for economic growth and job creation, while at the same time affording strong and necessary protections for taxpayers, Bernanke said, calling for swift passage.Bush said he fully understands the bailout bill is a difficult vote for lawmakers, and after his statement on the South Lawn he, and Vice President Dick Cheney, took to the phones to corral individual members of Congress.

But he argued that jittery U.S. taxpayers will benefit from a number of safeguards that lawmakers wrote into the pending legislation, including checks and balances on the operation of the program, curbs on golden parachutes for top executives of firms getting help, and assurances that taxpayers would ultimately be reimbursed by the companies for any losses. But the government would have broad discretion to decide how to implement both. The legislation also requires that the government take ownership stakes in companies that receive federal infusions, so it could share a piece of potential future profits.Bush also said the ultimate cost of the bailout will be much less than the $700 billion authorized in the bill. The sour assets — mostly mortgage-backed securities — that the program allows the government to take off the books of struggling financial institutions will eventually be sold, perhaps even at a profit.Still, the president hinted that this may not be the last intervention required.It's been a volatile time for our financial system and our economy, he said. Even with the important steps we're taking to address the current crisis, we will continue to face serious challenges.Treasury Secretary Henry Paulson sought the unprecedented amount of money with little supervision. Instead, the bill lets Congress block half the money and force the president to jump through some hoops before using it all. The government could get at $250 billion immediately, $100 billion more if the president certified it was necessary, and the last $350 billion with a separate certification — and subject to a congressional resolution of disapproval. Still, the resolution could be vetoed by the president, meaning it would take extra-large congressional majorities to stop it. Banks, credit unions, securities brokers and dealers, and insurance companies, among others, could get the help as long as they had significant operations in the United States. Originally designed to help companies get rotten mortgage-related investments off their balance sheets, the legislation would allow the government to buy up any kind of asset top economic officials think is necessary to promote market stability. The final 110-page bill was released Sunday evening after a final weekend of intense negotiating, and Republicans and Democrats huddled for hours in private meetings Sunday night to learn its details and voice their concerns. Many said they left uncertain of how they would vote. Lawmakers in both parties who are facing re-election are particularly nervous about embracing such a costly plan proposed by a deeply unpopular president that would benefit perhaps the most publicly detested of all: companies that got rich off bad bets. Nobody wants to have to support this bill, said Rep. John A. Boehner, R-Ohio, the House minority leader. But he said he was urging every member whose conscience will allow them to support this to do so. Officials in both parties expected the vote to be a nail-biter. The two major party presidential candidates — Republican John McCain and Democrat Barack Obama — expressed tepid support for the bailout. Rep. Joe Barton, R-Texas, an opponent, estimated that half of the House's 199 Republicans are truly undecided.Democratic Rep. Elijah Cummings, D-Md., said he was inclined to oppose the bill. But he added: A lot of people are going to hold their nose and vote for it, because they've been put in a bad position and they don't have any other option.Associated Press reporters Norma Love in Concord, N.H., and Jim Abrams and Jeannine Aversa in Washington contributed to this story.

Banking crisis claims Belgo-Dutch giant
LEIGH PHILLIPS Today SEPT 29,08 @ 09:27 CET

The global banking crisis, born across the Atlantic, again sent waves crashing into Europe on Sunday (29 September) as the Belgian, Dutch and Luxemburg governments partly nationalised Belgo-Dutch banking and insurance giant Fortis in an €11.2 billion bailout.The move was announced on Sunday evening by Belgian Prime Minister Yves Leterme, following a marathon weekend of talks between the three governments and European Central Bank chair Jean-Claude Trichet.We have taken up our responsibility, we did not abandon the savers, Mr Trichet told reporters.The deal will see the Benelux governments purchase 49 percent of the bank's operations in each of the three countries. Belgium is to take on the biggest load, offering €4.7 billion towards the acquisition, with the Netherlands paying €4 billion and Luxembourg €2.5 billion.The move comes after shares in Fortis plunged sharply in the last two weeks, losing more than a third of their value. Over the past year, shares in the bank - whose assets are many times larger than Belgium's GDP - have lost some three quarters of their value.The Belgian and Dutch governments have also said they will guarantee 100 percent the deposits of clients. Normally in the two countries, only an initial €20,000 is guaranteed by the state.The governments had hoped to avoid any moves towards nationalisation of the bank and were attempting to piece together a purchase of Fortis - or at least part of it - by Dutch bank ING or BNP Paribas in France.Negotiations broke off with the two banking groups when the Benelux governments refused to accede to demands that they offer guarantees against future losses.

Trouble at mill

Meanwhile in the UK, the government is set to nationalise troubled West Yorkshire-based bank Bradford & Bingley, according to British press reports.The UK's finance minister, Alistair Darling, has convinced Spanish bank Santander to purchase some 200 of Bradford & Bingley's branches and €28 billion (£22 billion) in savings, while the UK government is take over €52 billion (£41 billion) of the bank's mortgages, according to UK daily the Guardian.The move significantly expands Santander's presence in the UK, as it already owns Abbey and is in the process of purchasing Alliance & Leicester.In Germany, troubles at lender Hypo Real Estate are also the subject of emergency talks between German banks and domestic authorities. A possible rescue of the Munich-based bank is under consideration, while Reuters - quoting an unnamed source close to the discussions - is reporting that the group has received a credit line of some €35 billion from a consortium of private and public-sector banks in the country.