IMF Warns of Global Crisis

At first the warnings about the global financial system seemed to be academic, but in the last few weeks they seem to have taken on a much more serious tone...and the warnings are being given by some very serious players.

The International Monetary Fund says debt-ridden countries are "playing with fire" unless debt is reduced. "If you make a list of the countries in the world that have the biggest homework in restoring their public finances to a reasonable situation in terms of debt levels, you find four countries: Greece, Ireland, Japan and the United States," Vinals said. Greece has edged closer to default as euro zone officials disagree on a planned second aid package for the indebted country. "We have now entered very clearly into a new phase of the (global) crisis, which is, I would say, the political phase of the crisis," he said in an interview in Sao Paulo, where the updates to the IMF's World Economic Outlook and Global Financial Stability Report were published. In the United States, the political problems include a fight over raising the legal ceiling on the nation's debt. A first-ever US default would roil markets, and Fitch Ratings said even a "technical" default would jeopardize the country's AAA rating. See it here; http://english.aljazeera.net/news/americas/2011/06/201161802548542994.html When Greece defaults the world will quickly find out how much the rest of the world's central banks had invested there...and now is lost.  That could lead to a domino affect as Spain, Portugal, Ireland and maybe others start to unravel. Remember that Belarus is also suffering a financial meltdown as we speak. This could all come on us like a flood.  Are we ready for the patterns of this world to be turned upside down?.....just like Jesus turned the money changers tables in the Temple upside down?

Insurance Comments

Here is a blurb that a reader sent from the 2011 Property Claims Service....which is kind of an industry newsletter.

A series of major tornado outbreaks in April and May have combined to make 2011 one of the most catastrophic years for severe convective storms ever. Nationally, losses are more than three times their long-term mean for all perils combined, and nearly five times the long-term mean for severe convective storms. April appears to have produced more severe thunderstorm losses in one month alone when compared to typical occurrences during an entire year. Outbreaks occurred along the East Coast, in the Southeast, and Midwest. Some states were hit harder than others, but nearly all states in these regions have experienced losses well in excess of the long-term average.


Wow!  The earth is shaking worse than EVER!  I wonder how many folks are truly going to wake up and turn to the ONLY One who has the power to save??

Do you think your homeowners policy might increase the premium on you next year??

Hat tip to Mike S.

Harold Camping Suffers Stroke

Certainly you remember the false teacher, Harold Camping.  He predicted that the rapture was going to happen on May 21, 2011 and had his followers put up billboards announcing the date all over the country. Of course it was an embarrassment to many, as it opened up ANYONE who believes in the imminent rapture of His church, to ridicule.

Well it appears that Mr. Camping suffered a stroke late last week.

A neighbor of Camping told the Oakland Tribune that the Alameda minister was taken by ambulance from his house Thursday night.

The unnamed neighbor said she had spoken with Camping's wife Shirley on Friday and was told the radio evangelist is doing "OK," although his speech is "a little bit slurred."

Family Radio is expected to give an update on Camping's condition on Monday.

The fundamentalist minister had led his Christian followers to believe Saturday, May 21, 2011, marked the Rapture and the countdown to Judgment Day.

The day after, Camping told a San Francisco Chronicle reporter he was "flabbergasted" when the predicted End Times did not materialize.

Read more: http://www.cbsnews.com/stories/2011/06/13/national/main20070762.shtml#ixzz1PRwIV61N


Is it a coincidence?  Of course 89 year old people have strokes every day?  Or is it possible God has silenced this teacher for his disobedience....kind of like he silenced Zechariah for his disobedience in believing Gabriel's announcement that Elizabeth would give birth to John the Baptist?


God is NEVER changing!

Russia and Iran at Summit

We have been watching the Last Days coalition spoken of in Ezekiel 38 for some time now.  The main players mentioned are present day Russia, Turkey, Iran, Libya followed by some less prominent north African nations.

So we should not be surprised to see that Russia and Iran continue to draw closer in military relations...for the first time in human history.

ASTANA — Iran’s President Mahmoud Ahmadinejad on Wednesday joined the Chinese and Russian leaders in a rare encounter at a summit in Kazakhstan, where he launched a new attack on the “slavers and colonisers” of the West.

In a characteristically firebrand speech peppered with rhetorical questions, he launched a new call for a wholesale shake-up of the world order, which he said was “managed and run by slavers and colonizers of the past.”

“I believe together we can reform the way the world is managed. We can restore the tranquillity of the world,” he said.

See it here; http://www.frumforum.com/iran-joins-china-russia-leaders-at-summit

Remember friends, most watchers understand that the war of Ezekiel will happen AFTER the rapture....so as we continue to watch this coalition form it should get us excited to understand that we could be meeting our King at any moment!

"When you see all these things begin to happen then lift up your heads for your redemption is nigh"

Perfect Storm May Rock World Economy

I don't know....maybe a lot of you are getting sick of hearing about the financial news and the pending collapse of the U.S. economy.  I continue to find it interesting so of course will continue to blog about it...until I am convinced that all my readers have sufficiently gotten the message that extremely strange times are coming.

So here is another headline to add to the list:

PERFECT STORM MAY ROCK WORLD ECONOMY BY 2013

A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.


There’s a one-in-three chance the factors will combine to stunt growth from 2013, Roubini, who predicted the global financial crisis, said in a June 11 interview in Singapore. Other possible outcomes are “anemic but OK” global growth or an “optimistic” scenario in which the expansion improves.

“There are already elements of fragility,” he said. “Everybody’s kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier, and bigger on debt, and all these problems may come to a head by 2013 at the latest.”

“We’re still running over a trillion-dollar budget deficit this year, next year and most likely in 2013,” Roubini said in a speech in Singapore on June 11. “The risk is at some point, the bond market vigilantes are going to wake up in the U.S., like they did in Europe, pushing interest rates higher and crowding out the recovery.”

See it here; http://www.moneynews.com/StreetTalk/roubini-economy/2011/06/12/id/399748?s=al&promo_code=C6CD-1

Remember, we all have to be folded into a one world economy and currency....and the only way to to that is going to be to have the U.S. dollar and the Euro and a few other major currencies come apart.  This will pave the way for the new (and final) system.

Bloodthirsty Pack of Dogs

One of the less known events we are watching for is an  increase in populations of wild animals that are dangerous to humans.  Why??  Because in Revelation 6 it tells us that during The Tribulation when the fourth seal is opened an angel of death will be given power to kill 1/4 of the earth by sword, famine, plague and "by the wild beasts of the earth."

So we watch.

Yesterday in Blaine, MN there was a big bear running across the soccer complex.  Just outside of New York City there was a 140 pound mountain lion recently killed by a car.  Texas and Oklahoma are all being over run by wild hogs.  All of these animals can kill humans...and WILL if they are hungry.

How about all the dogs that will be left behind at the rapture?  Where will they go?  Is it possible that they will band together in packs and start hunting together?  Not only is it possible....it's probable.

And today we see more foreshadowing with this headline and article;

Bloodthirsty pack of dogs take out 350-lb. llama

Local law enforcement officials in Northeast Washington state are worried about a pack of dogs that have attacked at least 100 animals since March. The pack, they fear, is now "killing for fun."
The wild dogs took out a 350-lb llama on Tuesday night, the latest in a string of attacks that have left more than 100 goats and other farm animals dead in the ranching community of Stevens County. The dogs, whose breeds are so far unknown, emerge only at night, but residents in their predatory range in the valleys and mountains near Spokane are afraid the canines may be getting bolder.
"I think they are capable of do anything at this point," Deputy Sheriff Keith Cochran told KXLY4, adding that he's worried the animals may just be preying on area creatures for the sport of it. Undersheriff Lavonne Webb told the AP the pack is " killing for the sake of killing."

"They are doing it to be cruel, they're bloodthirsty," resident Temma Davis told the station. "It's like 'Cujo.' "
Webb told the AP it's possible some of the four or five dogs in the pack aren't wild and go home to their owners during the day. One resident managed to snap a photograph of the pack, above.

See it here; http://news.yahoo.com/s/yblog_thelookout/20110610/us_yblog_thelookout/bloodthirsty-pack-of-dogs-take-out-350-lb-llama

So these ordinary house dogs are killing for the sake of killing..and then returning to their homes during the day...it DOES sound like the movie, "Cujo".

Congresswoman Bachmann

My rep in Congress is Michelle Bachmann.  I posted a few months ago about some of her comments on Israel.  She said then that she believed there was a special situation for Israel mentioned in the Bible that those who bless her will be blessed and those who curse her will be cursed.

Right on Michelle!  That's true!

Today I received this from her newsletter;

OBAMA'S ISRAEL POLICY SHOWS CONTEMPT
Last month in a speech on Middle East policy, President Barack Obama again indicated that his policy towards Israel is to blame Israel first. In a shocking display of betrayal towards our ally, President Obama called on Israel to give up yet more land and return to its 1967 borders. The policy of land-for-peace has meant that Israel has continually had to give away increasing amounts of its land and decrease its size. In exchange, it still has not known security. President Obama wants to further this policy by putting Israel in a very vulnerable position with indefensible borders.


President Obama must reverse course and clearly renounce the position he spelled out. His remarks are in opposition to the position that Israel has taken in regards to its own borders. Furthermore, the President’s remarks do not reflect the will of the constituents in my district, nor do I believe that they represent the will of the majority of the American people.

America has stood with Israel since President Harry Truman recognized Israel a mere 11 minutes after she became a state in 1948. But during his tenure as President of the United States, President Obama has initiated a policy which shows contempt for Israel’s concern and safety. In an era dubbed the ‘Arab Spring’ we have seen increased volatility in the Middle East region, and President Obama has only added to the heightened hostility by calling on Israel to return to the 1967 borders. I disagree with the President and I stand with our friend Israel 100 percent.

Amen Michelle!

Now just watch the forces of Satan come after her.  I would expect a ton of lambasting and guffawing from the liberal media about what an idiot she is.

"The word of God is foolishness to those who are perishing".

Why Not Syria?

Many of us have wondered aloud why President Obama decided so quickly to go into Libya and start bombing Gadaffi and his army.  Of course Obama said this before we started bombing Libya:

"Some nations may be able to turn a blind eye to atrocities in other countries. The United States of America is different. And as president, I refused to wait for the images of slaughter and mass graves before taking action.”

So now with more than 1500 innocent Syrians dead and probably 10 times that many tortured and beaten...why does the Obama doctrine NOT apply to Syria?  Why haven't we started bombing them?

One answer might be; Israel.

Israel does not share a border with Libya, but it does share one with Syria, and there are fears in the IDF that in the event of foreign military intervention there, Israel would feel the brunt of Bashar Assad’s retaliation.


While Assad is already believed to be trying to divert attention from his lethal crackdown on protesters by encouraging Palestinians to raid the Israeli border, as occurred this past Sunday, this is just the tip of the iceberg of what Syria can do.


One intelligence assessment speaks of the possibility that, under extreme pressure – caused politically or militarily – Assad might decide to attack Israel with more than just angry Palestinians from the Yarmouk refugee camp near Damascus.

Instead, he would have available the thousands of ballistic missiles Syria has manufactured over the years, as well as an extensive chemical arsenal, bolstered as a replacement for the nuclear reactor Israel destroyed in 2007.


For this reason, Jerusalem is quietly warning about the potential consequences of Western military action aimed at toppling Assad. This does not mean, of course, that Israel wants Assad to remain in power; in reality, the opposite is true. But the concern cannot be ignored; what will happen the day after Assad falls, and into whose hands will the ballistic missiles and chemical weapons fall?

See it here; http://www.jpost.com/Defense/Article.aspx?id=224377

The article goes on to say that Iran had CEASED its nuclear activity after Bush invaded Iraq (back in 2003)...because they feared they would be next in line.  But now that fear of retaliation from the USA or any other Western nation is gone...so why shouldn't they keep refining plutonium and cooking a bomb?  What do they have to lose?

Hat tip to Julie E.

Easy Money to Stop Flowing

Here is a short article from the Arab News about the Federal Reserves plan to STOP buying U.S. Treasuries;

The Federal Reserve in the US is preparing its final bond purchases.



While the Fed has said it will buy $50 billion of Treasuries, it will be the final series of government bond purchases in the $600 billion program it launched in November 2010 to prevent another recession.


The last spurt of the easy money flood will mean
the money that supported the US economy for two and a half years will shrink.

The financial sector will then receive only a fraction of money the Fed has been putting in.

It has been estimated the flow has meant around $100 billion to financial companies each month.

See it here; http://story.arabherald.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/795866/cs/1/ht/Fed-about-to-stop-easy-money-flow/

$100 billion each month going to financial companies??  Isn't that about how much money we were SHORT each month??  So wait a second...let me get my head around this.....the Treasury was selling Treasury Bills and Bonds to the tune of $100 billion each month so they could GIVE the proceeds to the financial institutions....and the Federal Reserve was BUYING $100 billion each month of Treasury Bills and Bonds.  Where did the Federal Reserve get $100 billion to BUY ANYTHING???

Answer;  they somehow created the money out of thin air.

What's funny is it seems that even the Arab News (not know to be the brightest bulb on the tree) understands what the end of easy money will mean.

I still love the answer that Bernie Madoff gave when asked where he came up with the idea to run a Ponzi scheme...and he said he came up with the idea by watching how the Federal Government works.