Saturday, January 29, 2011

Egypt's Alternative Leaders

The Jerusalem Post has some observations of who may end up being the leader of Egypt if Mubarak is forced down. When you start examining in depth what may be happening looks like trouble is brewing for Israel. And if there is trouble for Israel....there is trouble for all of us.

Thursday afternoon, Egyptian presidential hopeful Mohammed ElBaradei, the former head of the UN’s International Atomic Energy Agency returned to Egypt from Vienna to participate in anti-regime demonstrations.

His actions won him the support of the Iranian regime which he continues to defend. Just last week he dismissed the threat of a nuclear armed Iran telling the Austrian News Agency, “There’s a lot of hype in this debate,” and asserting that the discredited 2007 US National Intelligence Estimate that claimed Iran abandoned its nuclear weapons program in 2003 remains accurate.

Elbaradei’s support for the Iranian ayatollahs is matched by his support for the Muslim Brotherhood. This group, which forms the largest and best organized opposition movement to the Mubarak regime is the progenitor of Hamas and al Qaida.

Nice!! A big supporter of the Muslim extremists who is the ex-head of the Atomic Inspections that allowed Iran to cheat on it's atomic reporting! Now wouldn't he make a nice leader of Egypt?

Now pay close attention to this paragraph;

And as we now see, all of its possible secular and Islamist successors either reject outright Egypt’s peace treaty with Israel or will owe their political power to the support of those who reject the peace with the Jewish state. So whether the Egyptian regime falls next week or next year or five years from now, the peace treaty is doomed.

Anyone interested in what is happening in Egypt should read this article;

So there you have it....the peace treaty between Israel and Egypt is doomed. And when you look at the hundreds of fighter jets the USA has sold's no wonder Israel would also rather have an Arab despot in charge that KEEPS the peace treaty....than to have a Muslim Extremist who hates Israel and Jews become the ELECTED leader of the Egyptian masses.

No doubt friends.....Egypt is one the named players of the Last Days as mentioned specifically in the Bible. It certainly appears as if she is getting ready to stand up and play her Last Days role.

Pray for the peace of Jerusalem.

Egypt and Obama

A few readers have asked for further explanation about the pickle that the situation in Egypt and the Arab world have put us in.

Let's lay a few facts on the table to start;

1) USA claims to be a supporter of democracy and "the people's rights".
2) USA has had a "good" relationship with Mubarak for decades.
3) Mubarak is an Arab strongman dictator who overseas an impoverished and illiterate society.
4) USA only supports democracy if it leads to a candidate that we approve of.
5) USA values stability in the region because of our dependence on foreign oil.

I could put up more than 5 facts but let's start with those.

The people of Egypt are fed up with their lives and with they should be. Food prices are going through the roof, they are sick of not having a voice and the unrest finally spilled over and they took to the streets to demand change.

Team Obama remained silent as they watched the situation grow in Egypt. Why are they so silent? Because they are walking a tightrope. On the one hand if they come out and support the street will be viewed as a betrayal of the "good" relationship we have with Mubarak. It would be like stabbing him in the back. So if the USA went on record as saying they support the overthrow of can imagine the egg on Obama's face if Mubarak decides to CRUSH the revolution and remain in power.

Also Team Obama is very nervous (as they should be) about what kind of government/leader would replace Mubarak. What if the people throw out Mubarak, who we have a "good" relationship with, and replace him with the leader of the Muslim Brotherhood...which is akin to Hezbollah and Hamas...meaning serious Muslim extremists? That would actually be a "bad" development for us.

You could imagine Obama trying to explain all this in the situation room, "Yes, Mubarak may be a strongman dictator who oppresses the masses....but at least he's OUR strongman dictator who oppresses the masses!"

Yesterday alone, because of the unrest in Egypt, the price of oil went up over $3 per barrel. As Americans burning through millions of barrels per can see how it is in our national interest to continue walking the tightrope...and continue supporting ANYONE who promises to keep the masses at bay.

Why do you think we have such a "good" relationship with Saudi Arabia's leaders....even though the ruling house of Saud is the most corrupt, dishonest, greedy, brutal, oppressive regime in the neighborhood?

Because if unrest spills over in Arab lands...we could end up seeing $10-12 per gallon for gasoline. And America WOULD COME to a grinding halt if that were to happen next week.

So until we find an alternative to oil for our energy needs and lifestyles....the USA will continue supporting repressive long as they promise to keep things STABLE.

Friday, January 28, 2011

Dang It!

I just heard rumor that McDonalds is going to be killing it's dollar menu! Why? Because inflation have pushed costs up...and the Fed has pushed the dollars value a dollar won't be able to buy anything at Mickey D's anymore.

Bummer! I have sustained myself for 3 out of 5 lunches and breakfasts off that menu!

I hope it is just a rumor...but we will have to watch and see.

Credt Rating Risk

You guys have all heard me explain how the U.S. is having problems paying back it's debt even when all $14 trillion of it has an average rate of say 3% interest.

But what if it loses it's credit rating and our creditors start demanding 6%?

It would NOT be good...and that is an understatement.

Today's headline may give us a foreshadowing of where we are going;

U.S. and Japan warned by IMF and rating agencies on debt

WASHINGTON, Jan. 28, 2011 (Reuters) — The United States and Japan received sharp warnings from the IMF and ratings agencies on Thursday that they must tackle their huge budget deficits to avoid investors dumping their bonds, which would create a sovereign debt crisis and push up their borrowing costs.

See it here;

I smell a pickle.

Pat Robertson

One of my readers gave me a Pat Robertson letter that she had received. Here is part of what Pat said;

I believe the Lord said our country is in great peril. Our leaders have hearkened to the demands of special interest groups and have led our nation into bankruptcy. In two years there will come a time of reckoning. The president who will be elected in 2012 will preside over an impoverished nation. Our creditors will demand payment and there will not be enough to satisfy their claims. Our currency will shrink in value.

In the midst of this turmoil, God says, "I will protect My people, but warn them now about what is coming. Tell them to get out of debt and restrict purchases." When crisis comes, it will be those who are in debt who will be hurt the most. Now is the time to get finances in order.

I don't know much about Pat Robertson, but what I think is interesting is how many prophecy watchers seem to be blowing the trumpet warning folks of coming calamity...and how people all around us seem genuinely more interested that the Minnesota Twins are now at spring training camp.

1 The word of the LORD came to me: 2 “Son of man, speak to your people and say to them: ‘When I bring the sword against a land, and the people of the land choose one of their men and make him their watchman, 3 and he sees the sword coming against the land and blows the trumpet to warn the people, 4 then if anyone hears the trumpet but does not heed the warning and the sword comes and takes their life, their blood will be on their own head. 5 Since they heard the sound of the trumpet but did not heed the warning, their blood will be on their own head. If they had heeded the warning, they would have saved themselves. 6 But if the watchman sees the sword coming and does not blow the trumpet to warn the people and the sword comes and takes someone’s life, that person’s life will be taken because of their sin, but I will hold the watchman accountable for their blood.’ Ezekiel 33:1-6

Question? much are ALL of us doing to blow the trumpet and tell our neighbors, friends, coworkers and family that a sword is coming against the land. We don't know the exact timing of when the sword will strike...but we know it is coming and can't be staid too much longer.

Does that thought give you a tinge of urgency? If so, ask the Lord what he wants you to do with it.

Hat tip to Kim H.

Arab World Coming Apart

First it was Tunisia, then Algeria and Yemen. Now it's Egypt....and "officials" are worrying it could spread to other Arab/Muslim dictator-led countries.

I just had CNN news on the TV and was amused by the liberal newscaster as she "reported" on Egypt. The reporters were stumbling all over themselves to figure out what the USA and Obama could possibly do or say in regards to Egypt. Remember, Obama gave his speech to the Muslim world from Egypt.

CNN told us that Egypt and it's President Mubarak are great allies of the fact probably our best ally in the middle east...but he is a dictator who represses freedom of speech and also doesn't allow a true how can the USA support the freedom marchers without appearing to diss Mubarak? Oh such a dilemma!

Of course, we democracy lovers better be careful who we wish democracy upon....because what if the radical Muslim extremists is the government that the people elect? Then will the USA truly support the people's choice...or do we only support democracy when they elect a pro-West, peaceful, capitalist?

Israel is watching developments in Egypt with concern. The government is standing by autocratic Egyptian President Hosni Mubarak, out of fear that the Islamist Muslim Brotherhood could take power and start supplying arms to Hamas.

Israel is usually a country where politicians have an opinion on any topic, and where they are more than happy to make it public. But in recent days, Israel’s leadership has been unusually silent on a certain question. No one, it seems, is willing to make an official comment on the ongoing unrest in Egypt, where protesters have been holding anti-government rallies. It’s not because nobody in Israel is interested in the riots in the country’s southern neighbor — quite the contrary, Israeli news channels have been reporting continuously on recent events in the Arab world, from Tunisia to Lebanon.

“If regime change occurs in Egypt, the Muslim Brotherhood would take the helm, and that would have incalculable consequences for the region,” says Shaked. The Israeli government has noted with concern the fact that, even after 30 years of peace, Egypt’s army is still equipped and trained mainly with a possible war against Israel in mind.

Shaked considers the West’s demands for more openness and democracy in Egypt to be a fatal mistake. “It is an illusion to believe that the dictator Mubarak could be replaced by a democracy,” he says. “Egypt is still not capable of democracy,” he adds, pointing out that the illiteracy rate is over 20 percent, to give just one example. The Muslim Brotherhood is the only real alternative, he says, which would have devastating consequences for the West.

See it here;

Did you catch that? Some of the experts believe that if Mubarak is thrown will make the way clear for the Muslim Brotherhood....which is a serious group of Muslim Extremists. You can't have a democracy thrive in a land where only 20% of the people can read.

Can you see how this whole chaos could further set the stage for the Psalm 83 war?

Hat tip to Lisa H.

Thursday, January 27, 2011

Rumblings of Imminence

Here is a very short and to the point video about what happened the last time the New Madrid fault broke.

Now try to imagine what that kind of ground shaking will do to the modern infrastructure that runs through that entire fault.

No doubt why FEMA said when it breaks again it WILL be the worst economic and human disaster to EVER befall America.

Meanwhile the tremors continue all along that fault.

Totally random question here but has anyone else had their ears start ringing just out of the blue over the last month or two? I recently ran across a very strange comment and I want to see if there are any dots to connect.

One World-One Money (The End is Near)

The above title is also an article found in the Levitt Letter this month. They also are seeing the RAPID movement of the worlds money system towards a one world financial system...and it appears to be getting REALLY close.

All of this brings up an interesting question: Does the world need a global central bank? If you want a single world currency, it requires an international banking structure armed with a monetary policy on a planetary scale. Essentially, the requirement for a single global currency is a bank that has power over all countries, kindred, and tongues. Former Canadian Member of Parliament, Paul Hellyer, criticized this development in 1994, saying that under such a global currency/banking system “the interests of citizens, of individual countries must be subordinate…to the interests of international finance.”[5]

2001: “When VISA was founded twenty-five years ago, the founders saw the world as needing a Single Global Currency for exchange. Everything we’ve done from a global perspective has been about trying to put one piece in place after another to fulfill that global vision.”[11] — Sarah Perry, Director of VISA’s Strategic Investment Program.

“…the dollar’s privileged status as today’s global money is not heaven-bestowed. The dollar is ultimately just another money supported only by faith that others will willingly accept it in the future in return for the same sort of valuable things it bought in the past. This puts a great burden on the institutions of the institutions of the U.S. government to validate that faith. And those institutions, unfortunately, are failing to shoulder that burden. Reckless U.S. fiscal policy is undermining the dollar’s position even as the currency’s role as a global money is expanding.”[16]

Yes it is true. The dollar's privileged status is hanging by a is MOST DEFINITELY NOT heaven bestowed...and it most definitely IS supported only by faith.

Dear Jesus,
you told us VERY clearly to have faith in God alone. You also told us very clearly that we can not worship God and Mammon (money). Please forgive us. Most of us have more faith in Mammon that we do in you. Many of us spend most of our time, efforts, gifts and blessings in our quest for more Mammon and we have failed to seek you. Have mercy on us as we know not what we do.

Amen. Even so, come Lord Jesus.


Hello. This shouldn't be a big surprise...but Social Security is running out of money far faster than anyone guessed. And today it is making the headline news.

WASHINGTON (AP) — Sick and getting sicker, Social Security will run at a deficit this year and keep on running in the red until its trust funds are drained by about 2037, congressional budget experts said Wednesday in bleaker-than-previous estimates.

The massive retirement program has been suffering from the effects of the struggling economy for several years. It first went into deficit last year but had been projected to post surpluses for a few more years before permanently slipping into the red in 2016

This year alone, Social Security will pay out $45 billion more in retirement, disability and survivors' benefits than it collects in payroll taxes, the nonpartisan Congressional Budget Office said. That figure nearly triples — to $130 billion — when the new one-year cut in payroll taxes is included.

Congress has promised to replenish any lost revenue from the tax cut, but that's hardly good news, either, adding to the federal budget deficit. In another sobering estimate, the congressional office said government red ink this year will increase to $1.5 trillion, the most in U.S. history.

See it here;

That's actually pretty funny....Congress has promised to replenish any lost revenue. Where are they going to get the money to replenish it? Oh yeah....they are going to ask China for it....or better yet they are just going to print more little pieces of paper that they will desperately claim are really worth something....even though the entire world will soon realize that they are just little pieces of paper.

The system is empty.

Wednesday, January 26, 2011

Frightening Fodder

Today MSNBC had this to say about the Congressional Budget Office's (CBO) report;

CBO forecast: frightening fodder for both parties

Budget monitor warns of debt increasing the probability of a sudden fiscal crisis

The big headline number from Wednesday’s Congressional Budget Office report is a jolting shot of bad news: a budget deficit this fiscal year of close to $1.5 trillion, or 9.8 percent of gross domestic product (GDP).

That’s nearly as big as 2009’s shortfall, which was the highest in nearly 65 years. The $1.5 trillion deficit would be a nominal record, but not quite as big as the 2009 deficit when measured as a percentage of the economy.

More bad news: CBO’s forecasters don’t see employment returning to anything like normal before 2016.

The new report uses the word “unsustainable” to describe deficits and debt in the years ahead.
It warns that interest rates — which it says are “very low by historical standards” right now — will go up and will drive up the cost of paying off the debt. Interest payments on the debt “are expected to skyrocket.” CBO projects that the government’s yearly net interest spending will more than triple between 2011 and 2021.

As if that weren’t frightening enough, the CBO warns in unusually stark language — as it has before — of the potential for a sovereign debt crisis. The report uses the words “Greece” and “Ireland” only once but it spells out a scary scenario in detail.

The growing debt, it says, “would increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government’s ability to manage its budget and the government would thereby lose its ability to borrow at affordable rates.”

It warns that “as other countries’ experiences show, investors can lose confidence abruptly and interest rates on government debt can rise sharply and unexpectedly. The exact point at which such a crisis might occur for the United States is unknown, in part because the ratio of federal debt to GDP is climbing into unfamiliar territory. ... There is no way to predict with any confidence whether and when such a crisis might occur and no identifiable tipping point of debt relative to GDP.”

DID YOU CATCH THAT?? "SUDDEN FISCAL CRISIS" and "LOSE CONFIDENCE ABRUPTLY"? We have been saying all along that paper money is based 100% on confidence...and when it dries up....the money will be worthless.

Holy collapse! We have been saying for quite sometime that Iceland and Greece are foreshadowing of what WILL be coming for the U.S.

See it here;

Something wicked is coming folks. I hope and pray that the Father sets his eyes on the bride and decides in His mercy to rapture us up to the wedding feast BEFORE that abrupt loss in confidence comes for the U.S. currency.

Tuesday, January 25, 2011

Wall Street Partying in Davos

Jesus tells us in Matthew about the time before the rapture;

36 “But about that day or hour no one knows, not even the angels in heaven, nor the Son, but only the Father. 37 As it was in the days of Noah, so it will be at the coming of the Son of Man. 38 For in the days before the flood, people were eating and drinking, marrying and giving in marriage, up to the day Noah entered the ark; 39 and they knew nothing about what would happen until the flood came and took them all away. That is how it will be at the coming of the Son of Man. 40 Two men will be in the field; one will be taken and the other left. 41 Two women will be grinding with a hand mill; one will be taken and the other left.

So it would seem that people are pretty much going to be going about their normal lives....oblivious of what is about to come.

As I read this headline about Wall Street starting to light up the party again...after they almost collapsed the entire global financial system...I was reminded of our Lord's words.

Wall Street Partying in Davos

The bankers will be coming to Davos, Switzerland, with a renewed sense of confidence. JPMorgan Chase & Co.’s profits last year were the highest in the bank’s history, and Citigroup Inc. returned money to the U.S. Treasury and reported its first full- year profit since 2007. Governments have so far opted against breaking up or levying extra taxes on banks deemed too big to fail, and the Basel Committee on Banking Supervision, which sets global financial-regulatory guidelines, isn’t requiring lenders to meet new capital standards until 2015.

That means banks will be spending on parties. JPMorgan upgraded its cocktail reception to the Kirchner Museum from last year’s event at the Tonic Piano Bar at Hotel Europe Davos. Bank of America’s Moynihan and the firm’s other top executives will meet clients for drinks on Jan. 27 at the Steigenberger Grandhotel Belvedere -- the same night Morgan Stanley’s Mack is hosting a private dinner at restaurant Gasthaus in den Islen. Standard Chartered Plc andDeutsche Bank AG are both hosting events at the Belvedere the following night.

Sounds like they are pretty excited at the prospects of resurrecting Mammon again. Sounds like they are in Switzerland eating and drinking, partying, planning for the future...while they are totally oblivious to the season we are in....just like the people in the days of Noah.

Nothing new under the sun.


A reader sent me a very timely quote from a very Godly man;

From a sermon by Charles Haddon Spurgeon entitled "The Alarum."

Come, brethren and sisters, we must wake up, even if we have been asleep ourselves, and we must do so because we are in an enemy’s country; it will not do to sleep here. This side of heaven we are in every place and at all hours surrounded by foes. What did the Master say? “What I say unto you I say unto all, Watch!” Be like sentries at your post, for otherwise the enemy will soon betray you.

Will you not grieve the Holy Spirit if you are lethargic? Will you not dishonor your Master if you fall asleep? Remember, also, that the devil seeks your destruction, and can never do you so much mischief awake as he can if he finds you sleeping. Let the growling of the old lion arouse you. If nothing else will bestir you, remember the fiery darts of the wicked one.

So will we? Will we wake up? How many floods, quakes, animal deaths, Israel news, wars, and famines will it take to remind us all that we are on ENEMY TERRITORY!

Hat tip to April S.

Inflationary Nightmare

Yesterday's Wall Street Journal had their lead article about rising prices on pretty much all the goods necessary to manufacture anything.

Today we have Peter Schiff using some pretty serious language in regards to inflation that is coming.

Forget about official inflation figures, which show consumer prices rose only 1.5 percent last year, says Peter Schiff, president of Euro Pacific Capital.

“Inflation is here,” he tells Yahoo’s Tech Ticker.

“The first place you would expect to see it is in commodities, particularly agricultural commodities and precious metals. That’s exactly what we’ve seen.”

China will also force inflation on the United States, he says. “The only way China can cure its inflation problem is to stop importing it from us, which means ... they have to let their currency rise,” he argues.

“When that happens, it will unleash an inflationary nightmare here in the United States.”

Schiff isn’t the only one worried about central-bank policy causing inflation.

Read more: Peter Schiff: China to Unleash US 'Inflation Nightmare'

Holy rising costs! I know what we should do....let's pressure China to NOT do that! Oh...wait....we have to be careful how we talk to them...because they could sink us if they demand the $1 trillion that we owe them.

Honestly, how do you threaten anyone when you owe them money?

Of course if they loaned you TOO MUCH money, and they are scared you might not repay them....they won't want you to go into default....unless their intent all along was to lead you to default and they can finally claim top-dog status and replace the U.S. as the king of the hill? Hmmmmm.....let's ponder that one for a while.

The kings of the east will can take that one to the bank. Why?...because the Bible tells me so.

Yellowstone is Bulging

Most of our readers are familiar with a little known fault called the New Madrid fault. It's not real well known because it only breaks every few hundred years....but when it breaks the resulting quake is massive.

Now let's introduce you to a little known volcano that is in Wyoming. It's not just a volcano. It's a SUPER VOLCANO. And it doesn't expode real often...but when it does it can be an earth-changer.

Yellowstone National Park's supervolcano just took a deep "breath," causing miles of ground to rise dramatically, scientists report.

The simmering volcano has produced major eruptions—each a thousand times more powerful than Mount St. Helens's 1980 eruption—three times in the past 2.1 million years. Yellowstone's caldera, which covers a 25- by 37-mile (40- by 60-kilometer) swath of Wyoming, is an ancient crater formed after the last big blast, some 640,000 years ago.

You can read it here;

Understand that when St. Helen's blew, it had the power of a few atomic bombs. And when this one blows it can be a THOUSAND TIMES more powerful. That is one HUGE explosion!

Can you see how this could be another trigger that, if pulled, could collapse an awful lot of things?

The Usual Suspects

Some of you maybe heard that a suicide bomber blew herself up in Russia yesterday and killed 35 people. It could have been 2 bombers but they are still sorting through body parts trying to figure it out.

Of course they aren't SURE who did it yet.

I'm gonna take a WILD stab and say it was someone who adheres to the Muslim fact, I'll bet anyone a dollar that it was.

One guy they interviewed at the airport right after the bomb went off said, "I heard someone screaming, "aaaaaa!" and then the bomb went off."

I'm pretty sure what he was hearing was, "Allah Akbaaaaaaar!"......BOOOOOMM!!

Watch this video clip on CNN as the anchor seems to do everything in his power to NOT say "Muslim extremist". In fact, they keep saying Chechen rebels.....and what are Chechen rebels?....MUSLIMS WHO WANT THEIR OWN COUNTRY...and are willing to blow themselves up and kill lots of innocent women and children in the process.

Monday, January 24, 2011

Accounting Tweak

By now, most of you are familiar with how the Federal Reserve prints money to "buy" U.S. Treasuries. Of course the Federal Reserves balance sheet would probably look terribly strange if it was ever 100% exposed to public they do their best to keep from ever being audited. That's how they can continue to keep the full "faith and confidence" intact that surrounds our paper money. And that's why you and I can continue to use this paper, and series of zeroes, to transact all of our business for another day.

And today we have this in the news;

Concerns that the Federal Reserve could suffer losses on its massive bond holdings may have driven the central bank to adopt a little-noticed accounting change with huge implications: it makes insolvency much less likely.

The significant shift was tucked quietly into the Fed's weekly report on its balance sheet and phrased in such technical terms that it was not even reported by financial media when originally announced on Jan. 6.

But the new rules have slowly begun to catch the attention of market analysts. Many are at once surprised that the Fed can set its own guidelines, and also relieved that the remote but dangerous possibility that the world's most powerful central bank might need to ask the U.S. Treasury or its member banks for money is now more likely to be averted.

"Could the Fed go broke? The answer to this question was 'Yes,' but is now 'No,'" said Raymond Stone, managing director at Stone & McCarthy in Princeton, New Jersey. "An accounting methodology change at the central bank will allow the Fed to incur losses, even substantial losses, without eroding its capital."

See it here;

Did you guys catch that? The Fed COULD have gone broke...but NOW they have tweaked the accounting now they can't. Sounds like they are putting out a little more smoke and a few more mirrors.

Do you guys remember Enron? It was a HUGE energy corporation that went from $billions to zero...almost overnight back in 2002. The loss of confidence that this created in the stock market continued to push the markets lower throughout the year. Why did this happen? Because it turns out Enron was tweaking their books to make things appear better than they really are.

Could that be another foreshadowing? Could this be simply one more card stacked on the house of cards that has become the global financial system? How high can the house of cards be built before it tumbles.

All good questions. Best to keep our eyes fixed on Jesus....because if this thing falls before the rapture...we will need an anchor in the storm.

Hat tip to Mike S.