House of Cards

MAP of GREECE

I'm still puzzling over this Greek default situation.  One observer commented that the European Union has mercilessly hectored and bullied Greece since its last bailout, and that the Greeks have every reason to resent the EU and would be better off abandoning the EURO and getting back to business on their own.

Either way, Greece's government debt is at 160% of its GDP, so it isn't likely to get caught up any time soon.  I guess we should all rejoice that our U.S. government debt is only at 106% of our GDP.

I know that Portugal, Cyprus, Spain, Ireland, and some other struggling countries have had recent brushes with IMF debt pressure and austerity measures.  Greece is not alone - it has simply not done as well as the others in getting its fiscal sloppiness rectified.

Today the news machinery suggests that the IMF is working hard to extend to Greece another bailout (despite Germany's protests).  Greeks have to vote again now to implement new austerity measures that are stricter than the ones they rejected last week.  Banks are still closed.  This is what happens when you get close to foreclosure.  The friction gets more intense, and things get testy.

I don't know the mind of the IMF, but I'm guessing that it wants to keep Greece in the EU fold - if only to keep up appearances.  I mean - if Greece gives the IMF the finger, what's to keep Portugal or Ireland from doing the same thing?

All of the major Western nations filed bankruptcy in the early 1930s.  This was the key step in granting these private banks control and receivership over the nations.  We don't have any gold, so we could only repay the banks with paper (or electronic) notes, and the banks have no use for that.  After all, they print and conjure money out of thin air already.  The U.S. will never, and can never, repay its $19 trillion dollar national debt - in fact, it is forbidden to do so.  I suspect the same is true for all the other debtor nations.  It is interesting that North Korea is understood to have no public debt.

Reportedly, China is our largest creditor.  I find it amusing that China had to borrow $Trillions so that it could lend that money to us.  The EU rules say that no EU nation is permitted to absorb another EU nation's debt, so who is it that is doing the lending?  Who is it that has the money to lend?  Who is it that has the gold reserves against which to lend out the paper or electronic money?  In our country, the entity that magics the money is the private bank we call the "Federal Reserve".  It's all phony money because our national Treasury is empty (plundered).  If we had $19 Trillion dollars in gold (in Fort Knox ??) we might use it to pay off the debt and stop the inexorable daily $Billion dollar interest payment drain on our economy.

What the nations fail to understand is that when you borrow ten dollars, you must pay back eleven. For a great explanation - read this article. When everyone borrows as much money as there is available, then everyone is running around scrambling to find the eleventh dollar, and there aren't enough eleventh dollars.  Then the bank comes calling to take your collateral, unless there is motivation to keep the game going a little longer.  In that case, the bank prints more money (see Bernanke's Quantitative Easing - I, II and III ). 

If all the developed nations have debt burdens that it could take decades (if ever) for them to pay back, why don't those nations team up and tell the mysterious private lender guys that they simply aren't going to pay up? - then all those nations would be wealthier overnight (and permanently).  I have to assume that the politicians and monarchs are "in bed" with the banking folks, so they aren't going to stand up to them and put a stop to this game.  Then you ask - why would the banks want to do this - they don't need our gold (since they have it already)?  They don't need our taxes, or paper money, or electronic credit card repayments? 

There has to be some sort of plan or agenda.  What is it?  I venture to say that (as in previous foreclosures and regicides) the international bankers plan a global overthrow.  When bankers overthrow a government (see Bolshevik Revolution 1917), they change the governing system.  They neutralize the old leadership and institute a new regime (usually a brutal one).  If Greece were to collapse now, it could set off a "house of cards" chain of collapses, and that is perhaps premature.  Maybe it isn't yet timely or expedient for the bankers to send in their international peacekeeping forces to roll out the new global dictatorship.  We are not quite ripe for getting plucked.

Remember what I said in previous posts.  I denounced Ezra Taft Benson for saying that "This Nation Shall Endure", when D&C 87:6 plainly says:

"And thus, with the sword and by bloodshed the inhabitants of the earth shall mourn; and with famine, and plague, and earthquake, and the thunder of heaven, and the fierce and vivid lightning also, shall the inhabitants of the earth be made to feel the wrath, and indignation, and chastening hand of an Almighty God, until the consumption decreed hath made a full end of all nations;"

Revelation 18:3 says:

"For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies."

Keep your eyes peeled and your lamps trimmed (and remember that even gold is not edible).  What is a "nation" now, if it is not an incorporated business unit that is able to incur debt and mortgage the land?  Why does Jesus seek the overthrow of the bankers and the dissolution of the "nations"?  Why is this same arrangement implemented on every Telestial planet throughout the universe?

P.S. Do the other planets have their own Beatles?

Into The Fire

Just a few months ago there were vast riots and protests in the streets of Cairo, Egypt.  Tahrir Square was filled with anti-government demonstrators for weeks.  The crowds called for the ouster of Hosni Mubarak, the long-time premier of Egypt who had brutalized the people for years.  He and his family had lived in luxury and opulence for years, plundering and enjoying a billion dollars in U.S. aid each year while the people starved.

The uprising was successful, but not before hundreds of Egyptians were killed by pro-government forces tasked with quelling the insurrection.  I watched in amazement as military vehicles raced through the crowded streets, literally mowing down defenseless pedestrian protesters.  When Mubarak finally stepped down and ceded power, the military stepped in and assumed control.  This was a time of great celebration.  The people had brought about the change they thought they wanted, and everyone hoped for a brighter future.

The military transitional regime promised to give way to democratic, civil elections within six months.  The goal was to change Egyptian society into a free democracy as soon as possible.

Yesterday, as I drove into work, I heard the following on NPR news radio:
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THE MILITARY HAS DECIDED TO POSTPONE THE DEMOCRATIC ELECTIONS TILL LATE 2013

HUNDREDS OF BLOGGERS AND JOURNALISTS ARE BEING ROUNDED UP AND TRIED IN MILITARY TRIBUNALS (MOSTLY FOR EXPRESSING THEIR OPINIONS)

THE MILITARY IS DEMANDING THAT, AFTER THE TRANSITION TO A CIVIL GOVERNMENT, THERE BE NO CIVIL OVERSIGHT OR OPEN CRITICISM OF THE MILITARY

THE MILITARY IS WRITING LANGUAGE INTO THE PROPOSED NEW CONSTITUTION REQUIRING THAT THE MILITARY BUDGET BE UTTERLY SECRET

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So, where do the Egyptian people stand after their spectacular freedom revolution?

I remember the hoopla surrounding the liberals' push for Obamacare.  The chant was "WE NEED HEALTHCARE - VOTE FOR HEALTHCARE !!!"  Of course, this was stupid - a manipulation.  We already had "HEALTHCARE".  What the socialists were howling for was a CHANGE in the way healthcare would be provided and funded in America.  They got the approval (by fraudulent means) and now we have a mess.

Speaking of change, Greece's opposition leader is now calling for the resignation of prime minster Papandreou.  In Rome, thousands of demonstrators are crying for the departure of Italy's President, Silvio Berlusconi - why? - because, like Papandreou, he is the messenger for the IMF, delivering its demands for deep austerity measures to address the nations' crushing debt and bankrupt social entitlement programs.

What these protesters (along with the OCCUPY WALL STREET louts) need to realize is that the "change" they are clamoring for is not necessarily what they want, or what is good for the country.  Sinister political and financial forces behind the scenes are simply exploiting these young, passionate revolutionaries and using them to usher in a new leadership arrangement.  If the bankers can convince you to hate the king who borrowed all the money, then they can convince you to commit regicide and replace the king with a new and more tyrannical ruler (see Bolshevik Revolution).  The vast global power of the banks and the devil to upset entire nations is breathtaking.

The Egyptian protesters did not like the frying pan, so now they have left it and gone into the fire.  Soon we will be next.

Greece Wavers

News reports are coming in today indicating that the Greeks are not so tickled with the urgently proposed bailout/restructuring program offered to them by the other European Union countries and the European banks.  Greece's prime minister has scheduled a national referendum (in January !!!) for the Greeks themselves to vote on whether to accept the very austere proposals.  Reportedly, 60% of Greeks are against it (most likely because they won't accept fewer entitlements and higher taxes).

This news is causing shudders in the world's markets (Dow Jones is down 600 points between today and yesterday).  Many U.S. investment firms are deeply invested in struggling European nations (Greece, Ireland, Italy, Spain, Belgium, etc.).  A total default by Greece would have a ripple effect not only in Europe, but also in the U.S.  Our stock market is biting its nails moment-by-moment as news of Greece's indecision flows in.

If Greece utterly rejects the restructuring plan, the options are mostly grim - it could separate from the Eurozone and revert to its former currency.  The prospect of a bankruptcy filing is already being discussed.  Who would be the receiver/trustee?

The point here is that the reason why this is sending jitters worldwide is because other European nations have economies nearly as shaky as Greece's, and there is a huge fear that, should Greece default, the enormous international banking (paper) losses will cause a domino effect and trigger the failure of those other nations.

My question is this - if the precariousness of Greece's situation is sufficient to rattle the whole world, are we not dangerously close to some sort of meltdown anyway?  I have said this before - virtually all the Western nations are far deeper in debt than they should be.  If any one of them were to default, bankruptcy, receivership and repossession are inevitable.  If you survey the current European economic landscape, it is apparent that without massive monetary infusions from Germany or the U.S., many of these foundering nations will fail anyway, sooner or later.  There is discussion of China stepping in to help the situation - but didn't China recently turn to Europe for financial assistance?

In Bible times the Jubilee was required every fifty years.  It mandated the forgiveness of all debts and the dissolution of all "corporations".  The big problem with debt is found in:


1. Incessant carrying costs (interest)
2. Daily compounding interest
3. Rule of 78's (front-end weighted amortization) formula

Debt is just plain expensive.  Its voracious thirst for the payment of the 11th dollar on every 10 dollars borrowed encourages the inflationary scheme of printing all those 11th dollars.  Debt also frequently results in default and liquidation - the loss of wealth.  What we are observing is the massive transfer of wealth on a global scale.  If the banks won't obey the law of the jubilee, the people's only option is to rise up and repudiate the banks and their debt tyranny.  This is why the banks finance the government and the military - then they can use the power of government to prevent the people from rising up and resisting them.  The "Occupy Wall Street" protesters are not wrong about tyranny in the financial sector, but their efforts are too insignificant to make a dent, and they have not successfully identified the real culprits.

Jesus owns this world.  It is His footstool.  We are only stewards (not owners).  We are unworthy stewards who have broken some of the fundamental biblical guidelines.  We were incapable of effecting our own spiritual salvation, and are now incapable of securing our own temporal salvation.  When the tyranny and oppression reach a critical peak, Jesus must intervene with His own brand of oppression - a "Marvellous Work and a Wonder" (- catastrophic global tribulations) to punish the wicked (plunderers, supplanters, deceivers, usurers,) and discipline His people (Ephraim and the other Israelites).

Watching Greece fail is like watching the death of the canary in the mineshaft - it is an unmistakable omen.

Repo' Time

In an interview today, British MP, Daniel Hannan, predicted that Greece will default in a month or so.  Hannan is a brilliant economist and political thinker who is willing to say what many others fear to.  For an example of Hannan's vigorous denunciation of central banks, read his article More Money Printing.

I want to ask what will happen when Greece defaults.  My guess is that in order to get all that loan money (that it cannot repay), it was required to put up the land area (surface and mineral) as collateral to the bank to secure the loans.  You should know this story by now.

The banks have fancy, official-sounding names like - International Monetary Fund or Inter-European Redevelopment Bank, but you and I both know that these central national banks and central international banks are OWNED by somebody. Yes, owned by people like Kuhn, Loeb, Schiff, Rothschild, Lazard, and others.  You rarely see these characters, but they still exist, and they still own the big banks, and the big banks are rapidly gobbling up all the small banks.  Remember that what they give/lend to the people is paper or electronic (debit card) money.  Remember that what they take in exchange is paper money with interest, and then when that runs out, they take the gold, silver and land.

It is important to remember that the Bolshevik revolution in Russia in 1917 was a repossession.  Russia had been dragged into a century of wars with its neighbors, borrowing billions from the Dutch and French banks to pay the soldiers.  Unable to pay principal or interest, Russia watched the banks send in their agents (Trotsky, Stalin, Lenin, Peter Hammer, Virl Schultz, and Herbert Walker Bush) to carry out the foreclosure.  Time to repo the collateral.  That couldn't be done without wiping out the royal family (so that it wouldn't rise up later and repudiate the creditor).  The thinking at the time was that an enslaved, communist country would be a better credit risk.

In Russia the creditors seized the country through violence and by installing a new regime that would do their bidding.  This has always been their vision for the whole world.  It's hard for them to repossess your car if you are still driving it.

Greece will go under.  It CANNOT keep up with its financial obligations.  It never could.  Through liberal, progressive socialism, the government's financial obligations were ratcheted ever upwards until they could NEVER be satisfied.  So now what?

There is only one pathway.  The creditor bank must install its own agents to govern the newly-liquidated country.  This way, it can completely control where ALL the resources are allocated.  By fomenting unrest and stirring up public riots, the bank can solidify the popular disillusionment with the old leaders, thus smoothing the transition to the new tyrannical rulers (see Egypt).

Problem is - Italy and Spain are not far behind.  It's all been prophesied.  The Mediterraneans and the Europeans are not uncomfortable with the veiled oppression of democratic socialism (having cowered under it for centuries).  When all of Europe's economies are crippled, the people will acquiesce relatively peaceably.  Not so, here Stateside.  Pick your poison, I guess.

It's a bit like the atheism/evolution squabble.  If you think humans came from tadpoles, and God is a fantasy, then the idea that He holds allodial title to this planet is laughable.  In my view, I am His kid, and I walk this orb with His permission.  The rodent devils who have raped and plundered it are in for a surprise more irksome than the repo-man.  Strange that the LDS Church is so silent in this period of intense prophetic fulfillment.