Once Again, the Wolf is at The Door
By Ray Gano
"Without immediate action by Congress, America could slip into a financial panic, and a distressing scenario would unfold," - President G.W. Bush Sept 24th, 2008
That is what President Bush said as he is trying to sell / resurrect the unpopular bailout package.
What upsets me is that the "foxes" who had control of the "hen house" are the ones at fault.
This is welfare for the financial institutions who raped the American people. It is the American taxpayer who will burden the cost as these corporate pirates and their accomplices walk away with millions.
Folks, that is you and me.
They did not do this by themselves either; they had the help / blessings of our current and past administrations, both Democrat and Republican.
This bailout is just a band-aid that compounds the problem; this is just the beginning of the sorrows to come.
I say that because that is what bible prophecy says will take place.
In my article Stewardship 2008 I document the gigantic disaster that is coming down the pipe next. Remember the ERISA law that came into being the same year that Nixon took us off the gold standard?
You may not; let’s talk history here for a moment.
In the 1970’s there was a law created that when it came out, it was touted as a great law, a law for the people. The law was called “ERISA” or known as the “Employee Retirement Income Security Act. This is the law that gave birth to the 401(k). One of the reasons ERISA is significant is because it forced millions of employees to become investors, investors without any financial training or education. This is why the financial expert’s advice is “Work hard, save money, get out of debt, invest for the long term, and diversify, diversify, diversify.”
Warren Buffet made a great statement that kind of sums this up …
“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those that take the subway”
Many people know that the Baby Boomer generation is the largest generation in history. Many of our companies made millions from the baby boomer wave. When the baby boomers had kids, Gerber made millions. When the baby boomer kids got older Mattel, Hasbro, etc made millions. The baby boomer’s lived life at a fast pace, thus was born McDonalds, Burger King, etc. I point these things out because the baby boomers are a generation to be considered.
When the baby boomers bought, companies made millions.
Baby Boomers have money they have saved for retirement via their 401(k), IRAs, ect.
Between 1995 and 2005 the millions of people who followed the “Work hard, save money, get out of debt, invest for the long term, and diversify, diversify, diversify.” advice lost an estimated $7-9 trillion. And much worse than losing $7-9 trillion, the people who followed that advice missed out on what the Economist and other magazines called the biggest financial boom in history. So not only did those investors lose money from the 2000-2003 stock market crash, they failed to make a lot of money in the financial boom in real estate and commodities. That is the price of bad advice and even worse not having the knowledge to know better and the education.
But back to ERISA…
ERISA has a major flaw that many people do not look at or even know of. ERISA has a mandatory withdrawal mechanism at age seventy and a half. At that age you MUST start withdrawing your money from the 401(k) s, IRAs, etc. That means millions of baby boomers will be forced to systematically withdraw from their 401(k), IRAs, ect.
Where is all this money invested? It is in the stock market.
As I stated before when the baby boomers BOUGHT, companies made millions.
In 2006 the first baby boomers turned 60.
What will happen when the baby boomers start to sell those 401Ks?
In 2016 it is estimated that there will be 2,282,887 baby boomers that are turning seventy. They all must by law start selling and pulling their money out of the stock market.
The US will not make laws preventing this either, we are talking about taxable income here and the US will desperately need it.
In 2017 it jumps to 2,928,818 more people. That is about 700,000 more people than the year before that will start selling and pulling their money out of the stock market too. (1)
That is 5,211,705 people together. That many people will affect the economy and more are added each year for approximately 20 years. We did not count the immigrants either in the mix. (1)
All in all, that is a lot of stock being sold, or at least trying to be sold.
What happens when millions of people start selling millions of shares of stock?
The prices start to drop and fast.
The laws of supply and demand will come into effect, and the odds of major panic just increased enormously.
So why is there a mandatory withdrawal? Why not just change the laws? All that money that was put in was put there tax free. Uncle Sam now wants his due…the taxes. This is another reason why the huge spending, the fiat currency, etc. This is also why we will probably never see the death tax go away any time soon either.
Back to the 700 Billion Bailout and hyperinflation…
They sold the war; they sold the stimulus package and some other things. It's the 'wolf at the door and fear sells.
Fear sells because we no longer as a nation depend on the creator of the world. In fact we reject Jehovah-jireh (Our God who provides).
Friends, it is common knowledge that history repeats itself.
We are in the same position as the early Weimar Republic Germany of the early 1900s. The outcome of this event is what brought Adolf Hitler to power.
More history?
Yes, more history…
Do you know that by late 1923, the Weimar Republic of Germany was issuing fifty-million Mark banknotes and the post office had postage stamps with a face value of fifty billion Marks?
THINK ABOUT IT... how much do you have in your 401K?
Odds are that you don’t even have enough to buy a stamp.
If you lived in the Weimar Republic, your 401K would have been absolutely worthless quiet possibly over night too.
Sure you might have had a couple hundred thousand in the banks, but sad to say, it would not have even bought a simple postage stamp.
In fact many of the banks during the Weimar Republic just closed people’s accounts without notice because it cost more to purchase a stamp and send the folks a letter.
Do you see what I am pointing out here?
The highest value banknote issued by the Weimar government's Reichsbank had a face value of 100 trillion Mark (100,000,000,000,000; 100 billion on the long scale).
That is TRILLION!
How much do you have in your bank account?
Do you have a Trillion?
Folks, the numbers in your bank will stay the same. It is the buying power that will change.
Here is another example…
Five years ago you could probably fill your tank up with a $20.00 bill and get a hot dog and a soda to boot.
Fast forward to today and look at how much gas you get today with that same $20.00 bill.
Imagine that next week a single gallon of gas cost $20.00 and a few days later that same gallon was $60.00
Now imagine overnight that same gallon of gas costing $240.00 a gallon.
It is the same $20.00 bill, but its value is diminished or in other words Hyper-inflated.
With the funds in your bank account, how much gas could you buy at $60.00 a gallon?
What about $240 a gallon?
See how over night savings, 401Ks can go “POOF” into thin air?
This is hyperinflation and history does in fact repeat itself.
Folks, the reason I am focusing on this is because it is the hyperinflation of the Weimar Republic that brought about Adolf Hitler.
In history only a highly charismatic leader was be able to stabilize the currency from a FIAT system to a gold/silver backed system.
All the great leaders did that, it is what made them great. Thing is that they were dictators too. Caesar, Napoleon, Hitler, ect. It is through fascist means that they were able to come to power.
Here are the primary elements of fascism, how many do we see happening today world wide?
Elements of Fascism include:
* Powerful idea of nationalism
* Powerful executive control in government
* Lower human rights outlook
* Military reigns supreme
* Corporations wield great power
* Idea that National Security is at great risk to some threat
* Identifying of enemies/scapegoats that unifies citizens in Patriotism
* Mass media controlled by State and Corporations
* Fixed elections
* Rampant corruption
* Unlimited power held by police force
When the US goes under, many of the other nations will follow due to the intertwined global economy.
I explain all of this to make the following observation…
What caused the Weimar Republic to go under was the fact that the US was giving her huge loans to keep her afloat. When the depression hit here (the US); we called our loans in and Germany could not pay them back.
There were no other nations in the world that the Weimar Republic could borrow from.
The world is in the same situation again, but this time it is a global issue and not one dealing with one country or another.
It would take huge sums of money backed by a solid asset to set the world strait again.
QUESTION…
Who has so much money right now that they could basically bankroll the world?
Is it the Catholic Church?
The EU?
The US?
Russia?
China?
No…even if Fort Knox was full of gold, it wouldn’t be enough to stabilize the world’s financial dilemma at this place in time.
So what is the stabilizing asset and who owns it?
Who is building man made islands off their coast?
Who has the highest building in the world with the project name “Babel”?
Who is building indoor ski resorts in the middle of the desert?
Who has so much money that in the real world dollars it can’t be truly counted?
The Answer - The oil rich nations of the Middle East.
The world is looking for a leader that will set the world on its feet again.
He will need assets enough to stabilize the world’s economy.
Based upon the common belief, It will not come from the EU, US, Russia, China, ect.
If you say it does, show me in scripture.
Scripture tells us that “HE” will come from the Roman Empire, but not the western leg as what many have been teaching. It will be the eastern leg that out lived the west by 1000 years.
In fact Chuck Missler wrote a great article called The Return of Nimrod, where he points out the very same thing.
“All of us, I suspect, tend to equate the Roman Empire with Western Europe, and there have been many books suggesting conjectures involving Rome, the Vatican, and the rise of the European Union, etc.
We, too, have published numerous materials exploring these possibilities. However, all of us may have been subject to a myopia ("nearsightedness") by overlooking the fact that the Roman Empire had an eastern leg that, in fact, survived the western leg by a thousand years!”
Source - The Return of Nimrod! By Chuck Missler
http://www.khouse.org/articles/2002/433/
"HE" the Antichrist is called by many names…
- The Assyrian, - Micah 5:5
- The King/Prince of Tyre - Eze 26:2
- The King of Babylon - Eze 26:7
- Pharaoh of Egypt. - Eze 29:3
These are not western names; and in fact these are known places in the Middle East.
We read scripture literally. Problem is that we have been allegorizing the literal and not standing on solid hermeneutics. We have been putting round pegs into square holes and forcing them to fit. God’s does not make thing convoluted to understand, His burden is light.
God’s does not make thing convoluted to understand, His burden is light.
Now I ask, who do they (The oil rich nations of the Middle East) worship and who are they awaiting?
They worship Lucifer.
Here is how scripture calls him…
Isa 14:12 How art thou fallen from heaven, O Lucifer, son of the morning! how art thou cut down to the ground, which didst weaken the nations!
Ray, they worship Allah.
Read on…
The original name of Satan in Hebrew found in Isaiah 14 is Heylal Ben Shachar / Hilal ben Sahar
Literally translated... “Crescent Moon, son of the Morning Star” or “morning star / crescent moon,”
Who uses that symbol today?
Islam.
But more importantly, who do they await?
Dan 9:27 And he shall confirm the covenant with many for one week: and in the midst of the week he shall cause the sacrifice and the oblation to cease, and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.
We call him the Antichrist, they call him the Mahdi
So I ask this?
Out of all the kingdoms in the world, who else has the monetary assets that can right again a toppled world backed by a true asset and not a fiat currency?
It is the Middle East and the asset is oil.
Scripture for told it…
Rev 17:2 With whom the kings of the earth have committed fornication, and the inhabitants of the earth have been made drunk with the wine of her fornication.
Rev 18:3 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.
Folks, the world is bowing to Islam.
Look at England Today. They are being dominated by Islam. Just recently the British courts officially recognized Sharia law as the law of the land.
England has submitted to Islam and therefore Allah.
Africa is being dominated. East Asia has more muslims than the Middle East. Even Russia and China are being dominated.
Look at our own nation…
On September 25, U.S. religious leaders hosted a dinner reception for one of the world’s most renowned terrorist supporters, Iranian President Mahmoud Ahmadinejad.
Who were they?
-
American Friends Service Committee
-
Mennonite Central Committee
-
Quaker United Nations Office
-
Religions for Peace
-
World Council of Churches, United Nations Liaison Office
This right after his (Ahmadinejad) hate speech to the UN denouncing Israel’s right to exist. Instead of condemning the man for speaking against God’s people, so called “Christian leaders” throw a party in his favor.
It just does not stop there either.
President George Bush stated ‘That’s what I believe. I believe Islam is a great religion that preaches peace’
“President George Bush has repeated his belief all religions, “whether they be Muslim, Christian, or any other religion, prays to the same God” – an assertion that caused outrage among evangelical leaders when he said it in November 2003.”
Source – WND - October 07, 2007 http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=58026
Folks, we must be busy about the Lord’s work of sharing the gospel and the blessed hope of His soon return.
The foundations of the Tribulation spoken about in Daniel, Revelation and in other books of the bible are being laid at an astounding rate.
We do not know how long this will take and how long the Lord might tarry.
Do you realize that the research shows that despite the extraordinary missions efforts of the Church, three out of four people alive on the earth today still have not heard the Gospel?
If you take all the people in Canada all the way down to the tip of South America, that is how many people globally who still do not know who Jesus is, nor have EVER heard about Him!
Folks, we have our work cut out for us and we need to be busy sharing the Gospel.
Scripture says “until the times of the Gentiles be fulfilled.” (Luke 21:24)
How long is that? How long will the Lord tarry?
The facts are that people are going to start hurting, when people hurt, they have the ear to hear about God.
1 Peter 3:15 (KJV) But sanctify the Lord God in your hearts: and be ready always to give an answer to every man that asketh you a reason of the hope that is in you with meekness and fear:
Being ready means just that; being in a position to share the gospel. When we are running around like chickens with our heads cut off, will we be ready?
In a time like that who are we more worried about, us or the unsaved?
Be a good steward and prepare for that day when you might make a difference in someone’s life. It will be our acts of kindness, our standing on the truth that will make a difference. We can still position ourselves to be ready. We will have doors open to us that were not open before. People who blew us off will then listen, but we have to be ready like God's Word tells us in 1 Peter 3:15 says.
Think about it, in times of hardship that extra can of beans; the cup of flour, that fist full of rice could make the difference in an unbeliever’s life.
If hyperinflation hits, which the symptoms are surly there, it will only be the true assets that God has put in place that will be of value.
Man’s assets loose value, God’s always gains.
Another great article that we are running is Wilfred Hahn's Practical Stewardship Guidelines. In this Wilfred gives 13 points to being a good steward. You will need to sign in with your PZ Insider login for this article.
Practical Stewardship Guideline>>>
http://www.prophezine.com/PZEndTimeStewardship/StewardshipArticles/PracticalStewardshipGuidelines/tabid/307/Default.aspx
Read Ray Gano's Article - Stewardship 2008 and see what is coming down the pipe next>>>
http://www.prophezine.com/PZArticles/Stewardship2008ByRayGano/tabid/727/Default.aspx
Read more about Hyperinflation
http://en.wikipedia.org/wiki/Hyperinflation
Inflation in the Weimar Republic
http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic
I leave you with the following…
Eph 6:13(KJV) Wherefore take unto you the whole armor of God,
that ye may be able to withstand in the evil day,
and having done all,
to stand.