Is a depression coming? New signs Jan. 21, 2008

On September 20, 1982 I read an article written in the U.S. News & World Report in which they sited a section of John J. Fialka’s work written in the Wall Street Journal.  Mr. Fialka wrote a fictional script on how a global world banking bust could come about.  The following is one of the plots Fialka gives that could cause the collapse. “On Dec, 1982, a small Hong Kong lending company, Global Vista Finance Co., quietly closes its doors.  For months it had been aggressively plunging most of its $7 million in borrowed money into the Hong Kong real-estate market, which is now collapsing.  The next day, crowds of depositors begin to form outside the main office of a middle-sized Hong Kong Bank, Gresham Bank Ltd.  It had enjoyed a tidy business of borrowing money from bigger banks and re-lending it at high interest rates to little, unregulated firms like Global Vista.  Suddenly, business was no longer tidy.  Gresham was discovering that other banks were refusing to lend it any more cash” (U.S. News & World Report Sept. 20, 1982, p.23). In this fictitious scenario we witness how there is a run on the banks by people frightened they won’t be able to get their money out of the banks.   As a result you have a collapse in the economy.  This same scenario is just now beginning to take shape for real.  In  August 2007, the American firm, Countrywide Financial suffered a bank run as a consequence of the subprime mortgage crisis.  You may be asking what is a subprime mortgage crisis?  The subprime mortgage financial crisis which occurred in 2007 was a sharp rise in home foreclosures which started in the U.S. during the fall of 2006 and became a global financial crisis within a year.  A month later we witnessed another run on banks.  The headline to the Guardian Unlimited released on September 18, 2007 read as follows: “Spread of banking panic forces ministers to guarantee savings.”  Here is a short section from that report. “The government last night issued an emergency pledge to Northern Rock savers that their money is safe, after a third day of queues outside branches threatened to spread across the banking system.” The reason why the people panicked was “Northern Rock’s shares shed a third of their value yesterday and the sense of crisis heightened as shares in rival mortgage lenders dropped sharply-Alliance & Leicester by a third and Bradford & Bingley by 15%. The falls raised fears that the contagion from Northern Rock was starting to spread through the financial system.” (Ibid).  What we are seeing is only the things to come!

Experts have been warning America every year that a collapse of the U.S. economy is going to take place; it is no longer, if it will happen, but when it will occur.  In 1982 Fialka wrote a fictitious scenario but I believe he may have seen the handwriting on the wall for our future.  In January of 2008 Fialka’s fictional script appears to be coming true.  Citigroup and Merril Lynch were forced to turn to foreign investors for what is an unprecedented bail-out.  They had to seek 21 billion dollars from a foreign country to bail out the banks.  These banks had to seek funds to shore up their balance sheets that are currently being devastated by the subprime mortgage crisis just like in Fialka’s fictitious scenario.  You see it on the news almost every night. Thousands of people are walking away from their homes because they can no longer afford the high interest rates on their homes.  For the past 5 years banks have been lending money to families who really could not afford to buy a home.  Mortgage brokers managed to get millions of families into new homes by creative financing. Since the interest rates have climbed people who had these creative financing mortgages now don’t have the extra funds to pay their higher interest rates.  Hundreds of thousands of families are forced to bail out leaving the banks holding the titles to all of these empty homes. This no doubt is causing panic.  Here is a short list of other signs that our economy is showing signs of collapsing.  On January 16, 2008 news from Yahoo Finance reported that “Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years.” The Federal Reserve in January also informed the public that the Nations production was flat in December 2007. These findings added to the string of bad news and are adding to the evidence that the U.S. economy is slowing down.  One of the major signs our economy is going to tank is our falling dollar.  Our U.S. dollar is now the weakest it has ever been, a very serious sign of a coming collapse.  A new report at the end of December 2007 showed sales of new homes plunged to their lowest level in more than 12 years.  “The annual rate of building permits issued last month stood at 1.4 million-22.6 percent lower than the rate last July.  And the rate of construction on new homes fell 20.9 percent compared with a year earlier, to 1.4 million ( nytimes.com Aug. 16, 2007).  Here is another burden that has been adding to the stress of the economy.  The U.S. and other nations have a string of weird weather, which has affected our world crops, such as major droughts, huge storms, floods, and yes-even ice in Florida, all these things have pushed up the price of food adding to the U.S. economic burdens.  If the U.S. doesn’t stop the inflation and our debt that is in the trillions, I can see America falling within the next few years.  As it is, our economy is being held together with band-aids.  When America falls there will be a domino affect around the world, which will lead to another depression.  I would get ready for this if I were you.  The way our national debt is climbing America soon will be forced to claim we are bankrupt.  If and when the world plunged into a depression it could force the rise of the Antichrist.  The world will be pleading for someone to lead them out of the economic mess.  I can’t say for sure what will bring the Antichrist on the scene but there are several possibilities and this banking scenario is defiantly one of those scenarios. We can already see the ripple effects from America’s economic woes. For example, "The stock market was in meltdown today as nearly £60billion was wiped off London shares as fears of a US recession sparked a global sell-off.  "It is also the worst start to the year for the stock market since records began in 1936". "I smell the acrid stench of fear and uncertainty," said markets commentator David Buik of BGC Partners" (thisislonon.co.uk Jan. 21, 2008). 

http://www.guardian.co.uk/frontpage/story/0,,2171546,00.html

http://biz.yahoo.com/ap/080116/economy.html?.v=8

IS THERE A SECRET IN OUR BODIES?

In chapter 3 of my book I discuss the fulfillment of the prophecy dealing with the rise of  knowledge in the last days.  God showed the prophet Daniel the last days generation would be known for their increase  in knowledge. This is what God told Daniel to write. “But as for you, Daniel, conceal these words and seal up the book until the end of time; many will go back and forth, and knowledge will increase. (Daniel 12:4)  Ask any scientist today if this generation is known for their increase in knowledge?  Every scientist knows it is a fact our generation has gained more knowledge in the last 50 years than all previous generations combined.  Did you know that our generation has witnessed the amount of knowledge double more than 7 times.  Those of us studying prophecy and keeping track of current events know that the total sum of knowledge in the entire world is doubling every 22 months.  No other generation has ever done this.  Jesus Christ gave us the key to knowing the exact generation which would see His return. He said, So likewise ye, when ye shall see all these things, know that it is near, even at the doors. Verily I say unto you, This generation shall not pass, till all these things be fulfilled (Matthew 24:33-34).  For the first time in history all the things Jesus warned about are in fact beginning to appear. Add the fact that this is the generation named the knowledge generation and you know the end times have begun.  Before this generation is gone Jesus will have already returned. Now that you know we are the generation who will witness Christ’s return let me point to an example of ssomething very interesting that focuses on the (increased in knowledge) prophecy.

Recently scientists have made new discoveries in DNA research. One such discovery was what  the human DNA really looks like.  While viewing DNA using the atomic force microscope we have learned the Liminin molecule is what is holding all cells together. If you were a home builder you would use re-bar set in concrete to hold it together, the Liminin molecules do the same thing in all human cells.  Now, we are told in the Bible that Jesus is holding all things together. Read Colossians 1: 16-17 "for in him all things in heaven and on earth were created, things visible and invisible, whether thrones or dominions or rulers or powers-all things have been created through him and for him.  He himself is before all things, and in him all things hold together." What you may not know is what these Liminin molecules look like. They look exactly like a CROSS!  It was as if Jesus was sending this generation of knowledge a sign marked in our own DNA which He created. If you go to the links below you will see some pictures of these Liminin cells. Click on each picture and you can read some information . http://www.righthealth.com/Health/basic_funtiction_of_laminin_cells/-od-images_2-s 

Always remember this sign of the CROSS, it was on that CROSS Jesus died for you!

Soon I will be posting chapter 10 from my book. This chapter deals with The Coming Attack on Israel. Here is a preview of what you will be reading. It is a good video. I go into great detail to explain who is going to attack Israel and what the specifics are concerning the Ezekiel prophecy. Click on the link to see video or copy and paste to your address bar.

http://youtube.com/watch?v=9SDjzW43XrYhttp://www.thisislondon.co.uk/news/article-23433407-details/Black+Monday+as+biggest+FTSE+crash+since+911+wipes+off+nearly+%C2%A360bn+in+shares/article.do