LETTER to the editor of "Thy Kingdom Come"
From Vancouver: Dear Editor, what in the world is happening in
the American economy? I recall you writing an article in March,
2008 and while I didn't agree with you then, it now appears that
we are on the verge of a catastrophic collapse. Any views?
Thanks Vancouver:
It's hard to believe the scene has changed so much since
2008 and certainly, not for the better. If you recall I quoted an
article in which Gerald Celente, director of the Trends Research
Institute in Rhinebeck, NY, who said, "The United States of
America," Celente pronounced, "has gone from first class to third
rate." It's a "nation on the skids and heading down." Celente
is someone to whom you definitely have to listen because he pre-
dicted the 1987 stock market crash, the collapse of the Soviet
Union in 1989, the Asian economic implosion of '97, the decline
of the dollar beginning in 2005, the meteoric rise in gold prices
in an age of currency volatility, and the subprime mortgage
crisis. Just this past month in a Max Slavo article, he predicts
America is now about to enter the worst economic times in modern
history. Yet, they are not alone, he points out that as a result
European governments implementing austerity measures across much
of the region, mass protests are beginning to spread. Riot police
have been deployed in Greece and in France, where groups are
protesting and this may spill over and affect some of the largest
industries. Celente says that "just like Europe's overbloated
social systems, the United States will have to start cutting
costs - it will be a matter of financial survival for the
nation." He adds. "Unfortunately, we're so indebted at this
point, that austerity measures will likely fall short of anything
meaningful and the eventual outcome - the only way for us to
cover our debts - is going to be either total default or
total destruction of the U.S. dollar. Add to that the increased
taxes that working Americans will be paying, and higher costs for
essential goods like food and energy combined with a depreciating
dollar, and many of our countrymen will be left with no choice
but to hit the streets in protest.
The Steve Quayle website is rife with frightening articles.
One claims, "Monetizing the debt is a desperate act. It is a
signal that we are rapidly reaching the end of the game. Slamming
interest rates all the way to the floor did not revive the U.S.
economy. Hundreds of billions of dollars in extra government
spending did not do the trick either. The U.S. economy is still
dying and the U.S. government is now beginning to find it very
difficult to locate buyers for all the debt that it is constantly
issuing."
Another out of Sweden states, "The big news this week in
terms of enormous government transfer payments is, as usual, out
of the Fed, as it embarks on an equally ambitious and ill-fated
mission to buy $600 billion of US Treasury debt. Unsurprisingly,
it's not the only immense transfer of wealth taking place between
governmental bodies. As spotlighted by Meredith Whitney, CEO of
the Meredith Whitney Advisory Group, the feds are continuing to
subtly bailout state governments at record levels and in an
ongoing and unsustainable fashion which she describes in a recent
WSJ opinion piece."
The article also pointed out that "the largest 15 states by
GDP spent on average over 220% of their tax receipts. Clearly,
states have been spending at unsustainable levels without facing
immediate consequences due to federal transfer payments and,
other temporary factors."
Then, another article casts an even bleaker scenario as it
records, "This is a defining moment--AMERICA IS BANKRUPT and the
rest of the world is no longer willing to go along with
Quantitative Easing, which means printing money out of thin air
with nothing to back it up but global war! Every nation that has
tried to print its way out of an insurmountable debt situation
ends up embroiled in internal war and usually under the
leadership of a dictator who is as willing to spill the blood of
his countrymen, as fast as he prints more worthless currency! The
reason you all have a sense of SOMETHING BIG getting ready to
happen is the FACT that it is HAPPENING NOW. When all commerce
ceases, no goods are on the store shelves and all transportation
comes to a silent stop. Then will it be clear, even to those who
finally get it, that the only ones who will be eating, other than
those who have prepared, are the zombies, and none of us want to
end up on their evening menu!"
We are obviously at a most challenging time in our history.
Still, if God's Plan is to un fold as we would like, then we
almost have to have a scenario when all Israelites are faced with
great turmoil so as Hosea prophesied, "... in their affliction
they will seek me early." It can't be discounted that this coming
collapse could well be a plank in the plan of those seeking one
world domination and if they are to achieve this, then they must
tear down the western Israelite nations. They, of course, are not
taking into consideration the mood of the people if they all find
themselves in the same boat, nor are they taking into consider-
ation that what they are doing is being permitted by the Lord God
Almighty, who will act once His People go to their knees in true
repentance. The coming weeks, months and year will tell the tale
of the conspirators.
......
NOTE:
This last week of November 2010 has seen the mess that Ireland is
in; how the Banks have more than crippled the economy of Ireland.
The EU is probably going to have to bail them out in the tune of
over 100 BILLION dollars. Ireland has to come up with a plan of
"cut-backs" etc. before the EU will hand them such a HUGE bail-
out money.
Greece has already been given large sums of bail-out money by the
EU.
They say that Portugal and Spain are next in line for bail-out
money as they are sliding down the hillside at breath-taking
speed.
One fellow from Britain just now rose up in the Europe Parliament
to DENOUNCE the whole scheme of a united Europe. He pulled no
punches, he was like a young mighty Winston Churchill - he
blasted them, and called for and wished for, the entire Europe
scheme to crash to pieces.
The Christmas bargains are flooding the USA stores, people are
out, bargains still attract, and the retailers have to give the
50% or 70% off if they hope to even do as well as last
November/December. It may be the shopping for Christmas will
equal that of last year.
But the fact remains the unemployment in the USA is still
sticking to around 10 percent!
The Western world recession is far from over. Europe will need to
re-model itself; the USA will need to re-model itself.
Canada is doing relatively very well with a dollar this is pretty
well on par with the USA dollar. Canada's economy is tied in
with the USA, but businesses here have moved in different
directions. The Prime Minister of Canada has been over to China
and India to try and drum up trade with them, as they are moving
along very nicely. President Obama has been doing the same, going
East to find trade with that part of the world which will then
translate into jobs in the USA.
The Eastern world is taking big advantage of the recession in the
West. Their car production (and moving into the less or no
gasoline run cars) is blasting off the production line.
Keep your eye on the EAST - it will move into being a mighty
powerful Empire before the end of this age.
......
North Korea is blasting away at some small island of South Korea
- the 3rd son of N.Korea dictatorship guy is set to take over the
power wheel, this could just be to show he has some muscles, but
to look at him you'd never guess, a young 5'9" well over-weight
baby-faced 20 plus year old. It will be interesting to see what
reaction S.Korea and the USA will do about this aggression.
N.Korea have "the bomb" (the atomic one) and will be a part of
the Eastern Empire at the coming of our Lord Christ Jesus.
......
Wikileaks is about to flood the Internet with hundreds of
thousands of pages - classified as "top secret" - not for public
domain. And they say the USA admits it could do some terrible
damage for the USA and nations it tries to work with or pal-up
to.
......
Haiti is fighting a massive Cholera epidemic. Sad to say some
things that could help are not getting through, the "red-tape"
stuff is getting in the way - shameful and disgraceful on the
Haiti Government.
......
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