Buffet's Time Bomb Scenario

We know Warren Buffet has a pretty good eye for seeing trends on Wall Street. I remember reading his annual report to shareholders at Bershire Hathaway (the fund he runs) and he warned about a deriviatives collapse that could sink the market. That was probably 4 or 5 yrs ago that he issued the warning. Now, he appears to be right on.

Read the Reuter's article here; http://www.reuters.com/article/newsOne/idUSN1837154020080918?pageNumber=1&virtualBrandChannel=0

US Financial Status May be Lost

One thing is becoming clear regarding the Wall Street/government fiasco; the rest of the world's bankers are going to demand that the US relinquish it's financial-leadership role going forward. To be honest, it is only fair. If a leader leads his troops off a cliff, you probably aren't going to assign him further leadership roles. And so it goes...America seems to have squandered the HUGE wealth it has created over the past 20 yrs. Certainly this is one other way that God is proving to all creation that mankind is simply incapable of escaping his human nature...even when God provides their every need on a silver platter.

Read article here; http://www.ft.com/cms/s/0/1d6a4f3a-8aee-11dd-b634-0000779fd18c.html?nclick_check=1

Democrats Make Ahmadinejad Smile

I won't comment on this article except to say the the world of liberal politics seems to be totally blind to the idea that there are some people on this earth that would happily destroy 300,000,000 US citizens (that's you and me) if they could.

Read this article from the Jerusalem Post on the stupidity of some; http://www.jpost.com/servlet/Satellite?cid=1222017379006&pagename=JPost%2FJPArticle%2FShowFull

Weakest Solar Wind

As you know, we have been watching for events that claim to be the biggest, longest, most severe, etc... There have been plenty of them as the rains, hurricanes, floods, and droughts take hold. Now we have a new one...The Weakest Solar Wind Since the Beginning of the Space Age.

That's quite a headline. Evidently, there are 1 million mile/per/hour winds that blow around the sun (Our God is and awesome God) and those winds are dying down for the first time since we started measuring them. Read the whole article here; http://www.breitbart.com/article.php?id=080924193222.3r9aw25a&show_article=1

Remember that God's word tells us to watch for strange signs in the sky that would foretell the end of this age. This could be the start of some strange things.

Hat tip to Barb.

Wall Street Calamity

The angst on Wall Street and in Washington is nowhere close to subsiding. No one knows what the heck is going on, forget about trying to fix it. But they all know that SOMETHING has to be done. Will they have time to debate it for the next 6 months? Will they resist the impluse to blame somebody and point fingers?

Bush is set to address the nation tonight to speak about the "financial meltdown". This paragraph from Bush's press secratary is a tad scary as she throws out the word, "calamity".
"This is a huge moment America," said White House Press Secretary Dana Perino. "And if we don't take decisive and bold action, we could be facing financial calamity."

You can read the Washington Post article here; http://www.washingtonpost.com/wp-dyn/content/article/2008/09/24/AR2008092401076.html

Gays and Lesbians

Even though the world is shaking, the headlines can't pass up the excited reporting about all the gay hollywood people. Today we see in the headlines that Clay Aichman (American Idol winner) confirms the rumors that he is gay. (no big surprise there) and also the Lindsey Lohan, teen star of Disney movies, is a lesbian. I couldn't help but reflect on this paragraph from the Lindsey Lohan article:
"Lindsay Lohan seems happy and healthy, and at the end of the day that’s really all that matters. Now if she could only get father Michael Lohan to be quiet, and her girlfriend to occasionally smile and stop flipping people off, she’d really have it all figured out."

Read the article here; http://www.actressarchives.com/news.php?id=12303

So the message the world has recieved is that if you are happy, that's all that really matters. Wow....I wonder where it tells us that in the bible?

Remember that Sodom was destroyed because it was overrun by gays wanting to sodomize anyone who stepped into town. And the Apostle Paul tells us that some societies were so vile that, "even the women burned with lust for each other". Certainly God's judgement will not stay away for ever, and the more the wickedness grows....the closer that judgement must be.

Famines

Jesus told us there would be earthquakes, famine, wars and rumors of wars and these events would tip believers off to His soon return and the end of days. I think we can put an easy check in the earthquake box and Lord knows that the last 100 yrs has seen more wars than at any time on earth. Now it appears that famine is setting up at places all over the world.

There has been no rain in the horn of Africa for three years and it seems another global disaster is in the making. Read it here; http://www.inthenews.co.uk/news/autocodes/countries/uganda/united-nations-warns-famine-in-horn-africa-$1241578.htm

Financial Collapse?

There have been lot's of scary words thrown around in the past few weeks as this financial fallout continues to come to a head. One of the scary words is "collapse". I've had some people ask me what that even means and what it would look like. In a really small nutshell, here's how it would work; The US dollar would start to lose value as investors would start to question the US Government's stability and it's ability to repay all of it's obligations. Once they lose confidence in the U.S., they would demand more interest in any transaction where they were buying Government bonds...because of the increased risk. That cycle would continue to snowball just like a person with a bad credit rating has problems getting houses, cars, etc...

Again, since misery loves company, it would be certain that other countries would start to spiral down with us because they have so much invested in our economy. It could certainly be a global event. In all the ensuing financial chaos and scarce resources, it's an almost certainty that armed conflict would escalate.

You can read a Bloomberg article here on the falling dollar; http://www.bloomberg.com/apps/news?pid=20601087&sid=aWEV62hBpIQ4&refer=home

Pakistan Bomb

The Marriot Hotel was destroyed in Islamabad, Pakistan last night. I will tell you very simply that if Pakistan comes apart, it will be a major problem for the entire world. It appears obvious to even the most casual watcher that a lot of things are coming apart.

Read a MESSAGE FROM HELL here; http://news.bbc.co.uk/2/hi/south_asia/7627584.stm