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2008-09-22 By: Webmaster Last week sure was something. Our generation has really seen a lot of history in the making. As all of you know who are reading this America’s financial system has basically collapsed. Financial institutions like Freddie MAC, Fannie Mae, Lehman Brothers, AIG, Morgan Stanly and others have collapsed.
Now our government wants to come up with a 700 billion dollar bailout for these unscrupulous, immoral companies. I have for years said that these institutions were going down. That there were no way banks and other real estate lenders could keep writing adjustable rate mortgages (ARMS) and put people into homes that they could not afford. I had a conversation with the guy I use as my lender a few years ago. I had said there was no way that his company and others could keep putting people into houses they could not afford on ARM’s and not eventually loose in the end. All those mortgages were written with the hope that the house or property would appreciate and the own of the house would make more money down the road. But that did not happen. Now Wall Street is in the worst mess since the great depression. We have been very blessed in this country for a long time. People like my grandparents who are in their late nineties are almost gone. They lived through the depression. My grandfather made $36.00 a month as a minister in Indiana. Were it not for the parsonage and the church support of that $36.00 a month they would had been done for. Imagine surviving on $36.00 a month. They had to buy coal for heating at $6.00 a month. That meant they had to pay their bills, eat, maintain a car, and care for their children with just $36.00 a month. Now those depression era folks are all but gone. We have only the vague memories of the stories they told us about surviving the depression. Now we are going to enter the second American depression. So what started this whole debacle you ask? Well we know that unscrupulous lenders wrote bad mortgages, but what really started this all. Last week on the 911 anniversary Dubai and London short saled many of the stocks that fell so rapidly according to Todd Harrison of the Fox Business Network and Minyanville.com. He stated he had yet to confirm this but it came from a very reliable source. Part of our naïveté in the western world is that we think Jihad is fought only by a few Islamic radicals from the Middle East. We think that Jihad is a suicide bomber, or like the men who flew the jets into the world trade center and pentagon. Though those things are true, nothing could be further from the truth that the only Jihadists there are the radical ones killing themselves in the name of Allah. Mohammad was the first to wage “financial jihad” against their enemy. His first financial jihad was against a clan of Jews in Medina. He did not only fight them with swords but he burned their source of income that made them rich, their date palms. It was very easy for Mohammad to win a battle against them when they were broke. Sovereign Wealth Funds have been buying up stock in American and other western financial institutions for years. Then on September 11th 2008 they short those stocks on a massive scale and the next week our financial system crashes. Bennet Sedacca the president of Atlantic Advisors writes the following: “Speaking of foreign investors, Sovereign Wealth Funds were early buyers of brokers and banks seeking fresh capital to cover their mortgage backed securities write-downs, but they have seen their purchases fall by 25 to 50%, and they were notably absent from Lehman Brothers' (LEH) capital raise done last week.” Why do you think they were absent? Would this not be a good time to invest and buy up a dying company for pennies on the dollar? No, the idea all along was to wage financial jihad and let the companies collapse. Now that they have collapsed our government wants to bail them out with a 700 billion dollar bill to buy up all the mortgages that are supposedly pulling these companies down. If the government does this and borrows more money it will hurt us a lot more down the road when we enter the next great depression. Bennet Sedacca the president of Atlantic Advisors also wrote the following: “It seems that we're facing an "inflationary recession" head on, which is not the best of propositions when one considers the debt that has piled up in nearly every part of the system, both in the U.S. and other parts of the world. Higher rates in an over-leveraged system are a self-fulfilling prophecy, in my view. And while I believe that the financial sector, as a whole, has been hit hard, credit issues from other parts of the economy, both domestic and abroad, are yet to be heard from and I believe that Treasuries will once again be in favor after this bout of weakness.” The answer to how they will prevent a disaster like this from occurring in the future is the following from the Guardian: “Brown wants an enhanced role for the International Monetary Fund so that it provides a better early warning system of looming crises, better cooperation between regulators and more effective cross-border regulation of multinational finance. Britain also backs calls for an International College of Regulators and reform of credit rating agencies heavily criticized for their part in the meltdown.” In my opinion Prime Minister Gordon Brown wants to give our financial future over to the IMF. He wants to take a free market society and make into a socialist financial system. That would spell certain doom for all the financial markets and place us into a perpetual depression. Socialism has never worked, and it won’t work now. Socialist Europe has been and continues to be on the verge of economic collapse because of big government and their socialist economic system. When you think about all the crisis that is going on in the world right now and it only seems to be getting worst. We now have over 925 billion starving people in the world, natural disasters are multiplying, jobs moving from the first world to the third world, Islamic take over of financial markets, the war on terror, the list goes on and on. And it only seems to be getting worst. There are some things you can do. - Get involved in your local, state, and federal politics. Run for office if you have to.
- Remove our current elected officials from office. Vote them out and send them back home.
- Join a service club like Kiwanis , Rotary , Lions , and the like. Get involved in your community.
- Develop your leadership skills. Join a club like Toastmasters and learn to speak, and lead for next to nothing in cost.
But the most important thing you can do is place your trust in Christ Jesus our Lord. If we are sincere and repent he is good to forgive us and cleanse us of our sins. Leviticus 26:3-12 3 ‘If you walk in My statutes and keep My commandments, and perform them, 4 then I will give you rain in its season, the land shall yield its produce, and the trees of the field shall yield their fruit. 5 Your threshing shall last till the time of vintage, and the vintage shall last till the time of sowing; you shall eat your bread to the full, and dwell in your land safely. 6 I will give peace in the land, and you shall lie down, and none will make you afraid; I will rid the land of evil beasts, and the sword will not go through your land. 7 You will chase your enemies, and they shall fall by the sword before you. 8 Five of you shall chase a hundred, and a hundred of you shall put ten thousand to flight; your enemies shall fall by the sword before you. 9 ‘For I will look on you favorably and make you fruitful, multiply you and confirm My covenant with you. 10 You shall eat the old harvest, and clear out the old because of the new. 11 I will set My tabernacle among you, and My soul shall not abhor you. 12 I will walk among you and be your God, and you shall be My people. Don’t turn away. Place your trust in the Lord Jesus today. All it takes is a simple prayer to give your heart to God. Secure your future by trusting in God and not money or government. Just pray this simple prayer. "Lord Jesus, I need You. Thank You for dying on the cross for my sins. I open the door of my life and receive You as my Savior and Lord. Thank You for forgiving my sins and giving me eternal life. Take control of the throne of my life. Make me the kind of person You want me to be."
Does this prayer express the desire of your heart? If it does, I invite you to pray this prayer right now and Christ will come into your life, as He promised. And you will become a member of the kingdom of God. Please let us know if you have given your heart to Christ. We want to know and want to help you in becoming the man or woman of God that He wants you to be.
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to let us know of your decision for Christ. Maranatha! Webmaster
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