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?

Direct European Bailout

Yesterday the Dow Jones jumped up 490 points - a huge boost.  This was spurred largely by news that Europe may finally be figuring out how to calm the debt jitters over Greece and the other countries on the brink of default.

Today as the dust settles, observers are noticing that the plan under consideration proposes to allow Germany to dictate the day-to-day financial operations of the struggling European nations - in exchange for Germany providing the bailout.  Apparently, some of those countries are realizing that they don't want their financial affairs to be regulated by Germany.

If Germany fails to make the necessary loans available to the failing nations, then a widespread collapse would be inevitable -

UNLESS . . . . . . . . . . . . . 

Obama succeeds in convincing U.S. taxpayers that our tax dollars must now go to these over-indebted, flunky Mediterranean nations who have partied at the public trough for too many decades. Obama will cry doom, of course - "If we fail to rescue these troubled countries, the economic implosion will reverberate in our economy, and we will face horrible catastrophes here at home!"

40 cents from every dollar loaned by the International Monetary Fund (IMF) comes from the U.S. (after we borrow it from China). If the Germany solution doesn't succeed, then the IMF will surely come begging for U.S. dollars, and we will inevitably play along.  I wouldn't be surprised if Bernanke just went ahead and coughed up the money in spite of the Congress or the wishes of the American people.

I know I keep asking the same question, but if all the Western nations (who, granted, are shuffling debts amongst themselves all the time) are collectively way too deeply indebted to some private bank(s), why do we not propose that the entire Western world file a Chapter 7 bankruptcy and be done with it - start over with a clean slate?  After all, that's what the Bible requires.  Do those bankers really need all our stuff?  What on earth could they do with all of it, anyway?

Don't tell me that someone doesn't have a cunning plan up his sleeve to systematically crash all of the Western economies to force a global, "New-World" currency, overseen by the bank owners.

Are you feeling powerless yet?

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.

World Devalued

The downgrading of the US credit rating by Standard and Poors this weekend has made ripples across the globe.  The Saudi Arabia stock exchange took a dive on Saturday, and the Asian markets dipped substantially.  Today, the Dow Jones average dipped 635 points, capping the worst week since 2008.

Reports are coming in that France is in deep debt and economic trouble, followed closely behind by England (where rioters are burning government buildings while I type).  The strongest of Europe's corporate national economies is Germany, and Germany does not have enough money to bail out even Greece or Ireland again, let alone the other nations to its west.  Let's not even talk about Japan.

Am I the only person whose mind this information boggles?  Fox News' Elizabeth McDonald just reported that -

"China’s debt-to-GDP ratio is worse than the United States’ ratio. It is worse than insolvent Portugal, which is now relying heavily on the European Central Bank for help, and had to go to the International Monetary Fund to get a financial bailout.

So, let me get this straight - the largest holder of the US's $14.2 trillion (and growing) national debt is China, and China is practically insolvent (who wouldn't be?), then who is it that all these countries keep turning to for more and more bailout money?  The third-world countries can't bail us out.  Clearly, the answer is  -  the International Monetary Fund (IMF).  But the not-so-clear question is -  who owns the International Monetary Fund, and is it a collection of private, international bankers?  And where in the world did they get all their money from?

The amount of loose, mined gold in the world is always growing.   Manpower is growing.  Crops are growing (except in those places where there is drought or stupid, price-controlling farm subsidies).  The central banks (e.g. Federal Reserve) increase the money supply (ability to repay debt) by printing more paper money.  This devalues the paper wealth of a nation.  Every nation is having its net worth devalued.  By whom?  If all the industrialized debtor nations have had to put up their entire land area as collateral on the now virtually unrepayable debt, then they are all ripe for foreclosure, repossession.  All of this torment was created artificially through usury and currency manipulation.  you would think that the Devil wants to bring us to the point where we are all dead or at each others' throats. Is the ultimate purpose of usury to earn huge profit or to repossess the collateral?  Or is it to RULE THE WORLD ????

Does this all sound like insanity to you?  Who would repossess a western nation?  Who has taken our money and loaned it back to us at interest?  You ask - - if this has been perpetrated against all the (once) noble western nations, why don't they rise up and slay the banker bastard(s) who did it and put an end to all this deficit controversy?  Why? - - - - -

 - - - - Because they are in bed with them and have assented to the whole plan.  The politicians (and not a few of their buddies) are in on the scam.  This has been the scheme for the last five to six thousand years.

King James Bible (Revelation 14:8)
And there followed another angel, saying, Babylon is fallen, is fallen, that great city, because she made all nations drink of the wine of the wrath of her fornication.

Do scriptural prophecies tell us reliably what is awaiting us?