World's Central Banks Will Soon Implode

I feel like I need to say this every once in a while....but please remember that I'm posting headlines that I run across and making some comments on them... that's all.  I don't write the articles and of course many times don't agree with all that is in them.  It's the headlines that usually strike me as interesting and lead me to post about it.

With that being said, I receive numerous articles sent to my inbox from a place called Phoenix Capital Research.  A lot of times their predictions on what they see coming lines up with what I see coming.  However, I take a lot of what they are saying with a grain of salt because they are in the money business of trying to sell investment newsletters via subscriptions....so of course they want to DISTURB their readers into believing they can't live without the advice of Phoenix Capital Research.

Here is what they sent me a few days ago....they are saying the financial collapse of 2008 is just a "warm up" for this next collapse.

The Central Banks Will Soon Implode Taking Down the Financial System

For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis.

All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a problem BEFORE 2008… there is no way that things are better now. After all, we’ve just added another $10 trillion in debt to the US system.

Similarly, anyone with a functioning brain could tell you that a bunch of academics with no real-world experience, none of whom have ever started a business or created a single job can’t “save” the economy.

However, there is an AWFUL lot of money at stake in believing these lies. So the media and the banks and the politicians were happy to promote them. Indeed, one could very easily argue that nearly all of the wealth and power held by those at the top of the economy stem from this fiction.

So it’s little surprise that no one would admit the facts: that the Fed and other Central Banks not only don’t have a clue how to fix the problem, but that they actually have almost no incentive to do so.

So here are the facts:

1)   The REAL problem for the financial system is the bond bubble. In 2008 when the crisis hit it was $80 trillion. It has since grown to over $100 trillion. 

2)   The derivatives market that uses this bond bubble as collateral is over $555 trillion in size.

3)   Many of the large multinational corporations, sovereign governments, and even municipalities have used derivatives to fake earnings and hide debt. NO ONE knows to what degree this has been the case, but given that 20% of corporate CFOs have admitted to faking earnings in the past, it’s likely a significant amount.

4)   Corporations today are more leveraged than they were in 2007. As Stanley Druckenmiller noted recently, in 2007 corporate bonds were $3.5 trillion… today they are $7 trillion: an amount equal to nearly 50% of US GDP.

5)   The Central Banks are now all leveraged at levels greater than or equal to where Lehman Brothers was when it imploded. The Fed is leveraged at 78 to 1. The ECB is leveraged at over 26 to 1. Lehman Brothers was leveraged at 30 to 1.

6)   The Central Banks have no idea how to exit their strategies. Fed minutes released from 2009 show Janet Yellen was worried about how to exit when the Fed’s balance sheet was $1.3 trillion (back in 2009). Today it’s over $4.5 trillion.

We are heading for a crisis that will be exponentially worse than 2008. The global Central Banks have literally bet the financial system that their theories will work.  They haven’t. All they’ve done is set the stage for an even worse crisis in which entire countries will go bankrupt.

The situation is clear: the 2008 Crisis was the warm up. The next Crisis will be THE REAL Crisis. The Crisis in which Central 

Here;  http://gainspainscapital.com/2015/08/10/the-central-banks-will-soon-implode-taking-down-the-financial-system-2/

I love this sentence;  A 5th grader would tell you that you cannot solve a debt problem by issuing more debt.

As a financial consultant, I have often used an example of hypothetical clients coming to my office and saying, "Dennis, we have car loans, boats loans, huge mortgage payment, student loans plus we have about $50,000 in credit card debt at 18% interest.  What should we do?  We don't have enough income to pay all our outstanding bills!"  

Would it be good advice for me to tell them, "No problem! Just apply for 10 more credit cards and keep taking cash advances on each of them to make the payments on your unsustainable lifestyle! Now go have a good day, buy some wine and order some pizza's delivered because life is short and your deserve to have some fun!"

Of course not.  That would be tragic advice.

Clearly, USA has a problem with wanting a lifestyle that they can't afford and is unsustainable...but the politicians can't be elected if they tell us this bad news.  The only ones who can be elected are the ones who tell us what we want to hear!  "Keep spending!  Buy that truck!  Buy that house!  Buy that boat!  Take those loans!  It's all good for the economy!"

The Bible says that the world is heading towards a ONE WORLD ECONOMY and that one day the ANTICHRIST will sit in authority over it.  So if we know that a NEW SYSTEM is coming, we also know that the current financial system needs to get out of the way to pave the way for the new one.

Could the collapse be starting any day now that forever changes the lifestyle of America?  Could we be enjoying the last days of "normal" life in America right now?  Would you blame God if He collapsed this nation right now and judged it for our murderous, gluttonous, drug-filled, porn-filled, debt laden, Christ-rejecting ways?

Nope.  If a collapse of America happens, NONE of us should be standing around with our mouths agape saying, "Wow!  What just happened!!  Everything was going along so smoothly!  We didn't have a care in the world just a few days ago....and now look at this!"

Russia and NATO Actively Preparing for War

We can file this article under the heading, WARS AND RUMORS OF WAR

Russia and Nato 'actively preparing for war'

Russia and Nato are actively preparing for war with one another amid the greatest build up of military tension in Europe since the end of the Cold War, a new report says.

Rival exercises by the Russian armed forces and Nato have led to several near-miss incidents that could result in confrontation between the two sides, and leaders need to consider a new arms control treaty to avert the possibility of heightened tensions spilling into war.

The report by the European Leadership Network, a think tank, comes amid the most intense fighting for six months in eastern Ukraine and as Michael Fallon, the defence minister, pledged to expand a British army training mission to Ukraine.

“We do not suggest that the leadership of either side has made a decision to go to war or that a military conflict between the two is inevitable, but that the changed profile of exercises is a fact and it does play a role in sustaining the current climate of tensions in Europe,” the authors write.

The report outlines how both Nato and Russia have primed their forces to respond to an escalation since the Ukraine crisis erupted in early 2014.

The preparations include major military exercises by both Russia and Nato that appear designed exclusively to respond to one another’s capabilities and potential war plans.

”Whilst spokespeople may maintain that these operations are targeted against only hypothetical opponents, the nature and scale of the operations indicate otherwise,” the report writers say.

In March 2015, Russian conducted “snap exercises” that saw 80,000 troops engaged in long-range deployments and simulate combat on a scale that made the United States or Nato the only possibly adversary.

Nato’s exercise “Allied Shield,” in June this year, saw 15,000 allied troops engaged in a series of mock operations including response to a Crimea-style infiltration of irregular forces.

Here;  http://www.telegraph.co.uk/news/worldnews/europe/russia/11797351/Russia-and-Nato-actively-preparing-for-war.html

With 100% certainty we can say that there will be a WWIII.  Of course we have no idea when....but with the way things are brewing in the Middle East and the sudden aggressiveness of Russia and China, it could be a lot sooner than most complacent Americans can imagine.

What we don't know is whether or not followers of Jesus Christ will be around to witness the next World War.  It's quite possible that the next world war that involves Russia, Turkey, Iran, the Middle East, Israel, and the Kings of the East could be part of the wars that will take place during the Great Tribulation.....if so, we followers of Christ will already be with Jesus enjoying or glorified bodies and  waiting to mount our white horses and watch from the sky as Jesus puts an end to the whole chaotic mess.

"But Dennis, are you serious?  You honestly believe that Jesus is going to come snatch you and your buddies off the earth and transform your bodies into some type of eternal flesh?  You DO KNOW that Santa Claus, the Easter Bunny and the Tooth Fairy are all make-believe....right?"

Yes, I am well aware that the Bible tells a fantastic story involving global floods, lakes being parted, dead people rising, the earth opening up and swallowing hundreds of rebels, water being turned to blood, demons from hell inhabiting human bodies, fallen angels breeding with women in an attempt to usurp God's plan, and the Creator of the World humbling himself and dying on a cross to make atonement for our sins.....and I believe it all!!

So when the Bible says,  "After that, we who are still alive and are left will be caught up together with them in the clouds to meet the Lord in the air. And so we will be with the Lord forever.".....I TOTALLY BELIEVE IT'S GONNA HAPPEN!

Are YOU ready for that day?  Are your friends, family, neighbors and co-workers ready for that day?

The Christian Purge Has Begun

What if you were a Chaplain in the U.S. Military and realized you could be terminated if you preached to ANYONE that Jesus is the ONLY way to eternal life?

What if you were a Chaplain in a prison and were told you couldn't mention anything about sexual sin?

What if you were a Pastor in a major denomination and found out you would be defrocked and lose your pension if you refused to marry a gay couple?

"Hey Dennis, that's never gonna happen!  This is America!  We have freedom of speech and freedom of religion!"

The Christian Purge Has Begun: Chaplains Banned From Preaching That Homosexuality Is A Sin

It wasn’t so much a choice as it was a demand.

Chaplain David Wells was told he could either sign a state-mandated document promising to never tell inmates that homosexuality is “sinful” or else the Kentucky Department of Juvenile Justice would revoke his credentials.

“We could not sign that paper,” Chaplain Wells told me in a telephone call from his home in Kentucky. “It broke my heart.”

The Kentucky Department of Juvenile Justice revoked his volunteer credentials as an ordained minister – ending 13 years of ministry to underage inmates at the Warren County Regional Juvenile Detention Center.

Chaplain David Wells was told he could either sign a state-mandated document promising to never tell inmates that homosexuality is “sinful” or else the Kentucky Department of Juvenile Justice would revoke his credentials.

“We sincerely appreciate your years of service and dedication to the youth served by this facility,” wrote Superintendent Gene Wade in a letter to Wells. “However, due to your decision, based on your religious convictions, that you cannot comply with the requirements outlined in DJJ Policy 912, Section IV, Paragraph H, regarding the treatment of LGBTQI youth, I must terminate your involvement as a religious volunteer.”

Wells said that every volunteer in their church received the letter – as did a Baptist church in a nearby community.

The Kentucky regulation clearly states that volunteers working with juveniles “shall not refer to juveniles by using derogatory language in a manner that conveys bias towards or hatred of the LGBTQI community. DJJ staff, volunteers, interns and contractors shall not imply or tell LGBTQI juveniles that they are abnormal, deviant, sinful or that they can or should change their sexual orientation or gender identity.”

For years, Wells and his team have conducted volunteer worship services and counseling to troubled young people – many of whom have been abused.

“I sat across the table from a 16-year-old boy who was weeping and broken over the life he was in,” Wells said. “He had been abused as a child and turned to alcohol and drugs to cope. He wanted to know if there was any hope for him.”

Wells said he had been abused as a young child – so he knew he could answer this young man’s question.

“I was able to look at him and tell him the saving power of Jesus Christ that delivered me – could deliver him,” he said.

But under the state’s 2014 anti-discrimination policy, Wells would not be allowed to have such a discussion should it delve into LGBT issues.

“They told us we could not preach that homosexuality is a sin – period,” Wells told me. “We would not have even been able to read Bible verses that dealt with LGBT issues.”

For the record, Wells said they’ve never used hateful or derogatory comments when dealing with the young inmates.

“They are defining hateful or derogatory as meaning what the Bible says about homosexuality,” he told me.

Mat Staver, the founder of Liberty Counsel, is representing Wells. He said the state’s ban on Biblical counseling is unconstitutional religious discrimination. 

“There is no question there is a purging underway,” Staver told me. “The dissenters in the recent Supreme Court decision on gay marriage warned us this would happen.”

Staver is demanding the state immediately reinstate Wells as well as the other volunteer ministers.

“By restricting speech which volunteers are allowed to use while ministering to youth detainees, the State of Kentucky and the Kentucky Department of Juvenile Justice have violated the protections given to private speech through the First Amendment and the Kentucky Constitution,” Staver wrote in his letter to state officials.

He said the policy “requires affirmation of homosexuality as a precondition for ministers providing spiritual guidance to troubled youth, and singles out a particular theological viewpoint as expressly disfavored by the State of Kentucky.”

In other words – Kentucky has a religious litmus test when it comes to homosexuality – and according to the Lexington Herald-Leader – they aren’t going to back down.

The DJJ told the newspaper that the regulation “is neutral as to religion and requires respectful language toward youth by all staff, contractors and volunteers.”

State Sen. Gerald Neal, a Democrat, dared Christians to challenge the law in court. 

“I’m just disappointed that the agendas by some are so narrow that they disregard the rights of others,” he told the newspaper. “Let them sue and let the courts settle it.”

Among those backing Wells is the American Pastors Network.

“Pastors and all Americans must wake up to the reality of expanding efforts to cleanse our nation of all moral truth,” APN President Sam Rohrer said in a statement. “When pastors and all Christians…are forced by government agents to renounce sharing the very reality of sin, they are in fact being prohibited from sharing the healing and life-changing potential of redemption.”

Folks, I warned you this would happen. The Christian purge has begun – and it’s only a matter of time before all of us will be forced to make the same decision Chaplain Wells had to make.

Will you follow God or the government?

Read more at: http://www.prophecynewswatch.com/2015/August12/125.html#F6yo7ITt0LrzQZr1.99

Yes....good question....will WE follow God's word or our own government's demands?

Friends, just like Daniel and his friends who were about to be hauled off to Babylon and tossed in the fiery furnace and lions dens....we had better RECONCILE OURSELVES NOW about what we will do, how we will react, what we won't do and WHO we will obey....because we may all have to make a choice right here in America and it might be coming a lot sooner than anyone could have imagined.

Is There a Cover Up Surrounding Nephilim Bones Found?

The Bible is clear in Genesis 6 that before the flood of Noah, fallen angels went to human women, had sex with them and the women gave birth to hybrid beings called the Nephilim.  They were super-human and many were giants.  Many folks believe the reason God tells us about the Nephilim right at the beginning of the Flood Story is because the Satanically perverted flesh of these hybrids was one major reason for God sending the flood.

You will have to decide for yourselves......

As for me, that's exactly what I believe.  And I believe that it may be happening again because God said it was happening AFTER THE FLOOD TOO.

Genesis 6
4 The Nephilim were on the earth in those days—and also afterward—

So now check out this article that a reader sent me that points out some interesting information.  I guess we will all have to decide for ourselves whether it is credible and believable.

The Ancient Giants With Six-Fingers and Double Rows of Teeth

For centuries, giants have been the basis for many legends and fairytales. These tales aren’t specific to a certain place as every culture on Earth has their own beliefs and stories of towering humans with massive strength.

Why does the idea of super large, disproportionate, humans resonate with so many of our conscious minds? 

Maybe it’s because proof of their existence on Earth has been found for centuries; however, the powers that be have denied and hidden the remains that have been found for many varying races and sizes.

In the American Southwest, a tribe of red-haired, six-fingered mummified giants were recently discovered in a cave.

Their heights spanned up to 12 feet tall, however the discovery was not shocking for local Native Americans (Paiute) as the tribe’s oral history included numerous records of their battles with giants.

These accounts were written down by Sarah Winnemucca Hopkins, the daughter of a Paiute chief. Her story explains how the giants were killing and cannibalizing her people. 

The Native American storytellers believe that these gigantic beings were the actual original inhabitants of the Americas, preceding modern Native Americans by thousands of years.

Modern Native Americans are believed by most mainstream archeologists to have inhabited the Americas around 9500 b.c. and have populated both continents rapidly. It is thought that they hunted and destroyed the last known gigantic mammals.

More recent discoveries are causing open-minded scholars to evaluate whether or not the Native Americans had eliminated only gigantic mammals however. Evidence has increased that suggests Native Americans also fought and defeated gigantic humans as well. 

Remember that due to new discoveries, the actual dates for human settlement of the Americas has been pushed back tens of thousands of years. 

Discoveries accepted by even mainstream archaeologists include various clothing and artifacts, yet the multiple discoveries of numerous ancient giant skeletons throughout the Americas have been kept quiet, possibly reburied or held in the vaults of the Smithsonian.

There are many versions of the story telling how the giants came into existence, but the best documented version is written in the bible which reads as follows:
“There were giants on the earth in those days, and also afterward, when the sons of God came in to the daughters of men and they bore children to them. Those were the mighty men who were of old, men of renown.” (Genesis 6:4)

The passage speaks of the Nephilim, which when translated to English, means the “fallen ones.” The Nephilim were believed to be the product of copulation between sons of God and human women and are known as Biblical giants and great warriors. 

Throughout the Old and New Testaments, scriptures elude to this intermingling which created the giants who were known for their violence, atrocities and cannibalism.

Similar tales are told by the Sumerians. They speak of “fallen angels” they know as Gods who lived among them and taught them the way of civilized life. This similar belief is present with the Romans, Greeks, Mayans, Egyptians and Incan civilizations.

Evidence of these ancient giants is present in Old Township and county records. Most include quotes from old letters and diaries going back as far as the 1700s. 

Here;  http://humansarefree.com/2015/08/the-ancient-giants-with-six-fingers-and.html

An interesting point is the 6 fingers and 6 toes referenced.  If we go back to the Bible we can read:

2 Samuel 21
20 In still another battle, which took place at Gath, there was a huge man with six fingers on each hand and six toes on each foot—twenty-four in all. He also was descended from Rapha.

Americans Borrow Record Amount of Money

Wasn't it just a handful of years ago that Americans got punched in the gut when they borrowed too much for houses, trucks and vacations?  Wasn't it just a few years ago when we heard so many Americans lament that they had "learned their lesson" on borrowing for things they can't afford?

Apparently, Americans have a really short memory....

US Consumer Borrowing Hits Another Record in June

U.S. consumer borrowing hit another record in June, good news for the American economy.

Americans piled on another $20.7 billion in debt in June, bringing total consumer borrowing to a record $3.42 trillion, the Federal Reserve reported Friday.

In June, borrowing in the category that includes auto and student loans rose by $15.2 billion. Borrowing in the category that includes credit cards rose by $5.5 billion.

The Fed's monthly report on credit does not cover home mortgages or other loans secured by real estate such as home equity loans

Economists expect consumers to borrow and spend more the rest of the year. That would boost growth in a country where consumer spending accounts for nearly 70 percent of economic activity.

The American economy grew at annual rate of 0.6 percent from January to March and 2.3 percent from April through June. Economists expect growth to pick up to about a 3 percent pace the second half of the year.

Consumers are drawing confidence from an improving job market. On Friday, the Labor Department said employers added 215,000 jobs in July and unemployment remained at a seven-year low 5.3 percent.

Over the past year, consumer borrowing is up 6.5 percent. Borrowing rose 7.7 percent in the student and auto loan category and 3.5 percent in the credit card category.

During and after the 2007-2009 Great Recession, Americans scaled back their borrowing. Consumer borrowing hit bottom at less than $2.52 trillion in July 2010 and has been climbing more or less steadily ever since.

Here;  http://abcnews.go.com/Business/wireStory/us-consumer-borrowing-hits-record-june-32951421

Please notice that the article started off with the first sentence telling us that this is "good news" for the economy.  And here is why they say this....Bob borrows $30K to buy his dream Ford truck.  Ford gets the order and hires a new worker to keep up with demand.  That new worker goes to Applebee's to celebrate and buys a steak dinner.  Applebee's hires another host to keep up with business and they put in another massive order for steaks.  Beef prices go up so the rancher sells his steers at a bigger profit and decides to go buy a new Ford truck with his windfall.

Now, take that story and multiply by 10 million and you start to get the idea of WHY borrowing money is "good" for the economy.  It gives us lots of economic stimulation TODAY...and Lord knows that's what Americans ALWAYS WANT....stimulation TODAY!

So what's the problem with borrowing?

It's indicative of an unhealthy society who constantly wants STUFF that they can't afford.

Connected with this is a society filled with people who will be UNHAPPY if they can't have their stuff RIGHT NOW!  And what happens when we can't have the latest iPhone, the best new shiny car, the biggest house in the best neighborhood and post lots of pictures to Facebook from our latest vacation to Greece....all of it borrowed.

Answer:  we get depressed and feel like losers.  We then go to the Doctor who gives us some drugs so we can feel better about ourselves and continue borrowing as we chase the American dream.

The Bible warns that the borrower will end up being slave to the lender.  God doesn't want us to be slaves to anyone or anything!  He wants us to trust Him to provide everything we will NEED for our short journey here on earth.  Borrowing for a whole pile of shiny stuff, most of which we don't NEED, sets us up for disaster, worry, anxiety, family strife and heartache.

Clearly this article points out one more reason that America must be very close to a disastrous fall.

Many pundits believe the next collapse we have here will make the Great Recession of 2007-2008 look like it was just the warm up band for the main event.

I agree.  The next collapse will focus around the U.S. bond market bubble....and when that pops it may unleash a tsunami of global, financial unraveling.

Please remember, all these things MUST HAPPEN....but fear not because you have Jesus as your savior.

Uganda Gay Pride

Hi folks!  I'm back in town so plan on getting back up to speed in my blogging.

So guess what is making the TOP NEWS HEADLINES on Yahoo News out of Africa?  Lions? Boko Haram killings? Poverty?  Civil war in Chad?  Nope, nope, nope and nope!

Uganda Celebrates Gay Pride One Year After Antigay Law Was Overturned

A Ugandan beach got a colorful makeover on Saturday, as dozens of lesbian, gay, bisexual and transgender people—and their supporters—marched with rainbow flags and umbrella just outside the country’s capital, Kampala.

The event was the culmination of a week of pride festivities, including a transgender awareness day and film screenings. The celebration comes just one year after the country struck down one of the harshest antigay laws in Africa.

Last August, Uganda’s constitutional court overturned the Anti-Homosexuality Act, which contained a life sentence for those found guilty of “aggravated homosexuality.” Previous versions of the bill included the death penalty.

Despite these modest gains, it’s still not easy to be gay in Uganda. Homosexuality remains illegal, punishable with a jail sentence, and is considered taboo. Threats of violence, workplace and housing discrimination have left LGBT Ugandans forced to hide their identity and live in secret. This culture of intolerance was largely introduced by American fundamental evangelicals, who fused religious doctrine with financial aid during mission trips. Members of the primarily Christian parliament are still looking for ways to crack down on LGBT activism, including legislation that would ban the “promotion of homosexuality,” meaning such a march would have be a punishable crime.

Here;  http://news.yahoo.com/uganda-celebrates-gay-pride-one-antigay-law-overturned-171804123.html

OK, please notice in the article that it says DOZENS of people participated.  Ummm.....since when did it become headline news that dozens of people were doing a social celebration in Africa? Answer:  because our media has an UBER PRO-GAY agenda and scour the news wires for anything to do with gay.

Next please notice this line which I will re-post here;  "This culture of intolerance was largely introduced by American fundamental evangelicals..."

Oh no!!  Those INTOLERANT BIBLE BELIEVING FOLKS WHO SHARE THEIR FAITH!! They are the ones who introduced the the culture of intolerance toward perverts in Uganda!

This is just one more example of how the media (at the behest of Satan) is going to continue to put Bible believing people in the cross hairs as these Last Days continue to come into focus.