Showing posts with label crisis. Show all posts
Showing posts with label crisis. Show all posts

Wednesday, 29 October 2008

WARNING! - November 3/4

UPDATE NOVEMBER 1:


Using the prophetic calendar of 360 days, the Twin Towers were destroyed on the 1st day of the seventh month of 2001 (September 11-12). One lunar month later, on the 1st day of the eighth month of 2001 (October 11-12), the legal entity used by true Christians, disassociated itself from the United Nations. In 2008, 7 prophetic years later, the 1st of the seventh month coincided with the October 4/5 and the 1st of the eighth month will coincide with November 3/4.


Please consider that November 3/4 is actually Bul/Heshvan 6 on the Jewish calendar; the same day that Christians began their flight from Jerusalem in the year 66 after Cestius retreated. The "abomination causing desolation" had been placed in the "holy place" the day before. So this could be an important date. It might be a destructive event in New York or Chicago, just before the presidential elections in the United States.



We previously stated:



There is a Scriptural possibility that a catastrophic event, comparable to the fall of the Twin Towers, occurs on October29/30, 2008 somewhere in the USA.


The fall of the global financial system became visible 7 years after the collapse of World Trade Centre and 7 years and 7 days later we saw the drop of 777 points of the Dow Jones on Wall Street.


One lunar month after 9/11 2001, the organization used by modern true Christians, disassociated itself from the United Nations Organizations due to media pressure on October 11, 2001. Another “tower” fell. If this event was part of the fulfilment of the prophecy in Isaiah30:25-26, it is possible that a significant event happens one month after Ethanim/Tishri1 this year, on Bul/Heshvan1.


Preliminary reports indicate that a major disaster “manufactured” by the “false prophet” could occur prior to the presidential election in the United States on November 4. This would be with the intention of promoting the rapid creation of a “New International Order”. In addition, the prophecy about the “death-stroke” against a political system (Revelation 13:14) suggests, that this event will be an action related to war. If these things occur not later than Nov 2/3 (Bul/Heshvan5), then this would be the real sign that Christians have been waiting for, heralding that they begin their “flight” to escape from the final destruction of the antitypical "Jerusalem".


Michael

michael@2008-2012.org

Friday, 24 October 2008

The U.S. Dollar Death Dance and Gold


Dear Readers!

Here is a great article for all of you who wondered why the USD is going up during this crisis…


Jim Willie
The Market Oracle
Friday,
Oct 24, 2008


The US Dollar rally in the last several weeks has been remarkable. At closer examination, it highly resembles a spurt prior to death. Imagine an old man who just had a heart attack, lost feeling in certain body parts, his mind not working right, plenty of nonsense gibberish coming from his mouth, and now he is dancing hard on some last gasps. The vast liquidation movement is akin to the old man going through an embalming process while dancing atop the tables at the funeral parlor, as bidding proceeds for his cadaver.


Are Americans last to realize the financial structure destruction means the US Economy does not enter a recession, but rather a bizarre unprecedented disintegration? It seems so. The liquidation of speculative positions, the massive de-leveraging, the payout’s of defaulted bonds, these events are the opposite of developments toward revival or resuscitation, like business investment!!

Liquidation is the exact opposite of investment, and precedes job cuts, not job creation.


The following survey of important issues is covered in depth in the October Hat Trick Letter. This month, an additional Crisis Coverage report was included, since too much has been happening, most of it confusing. Plenty of stories are occurring behind the stories, many covered. Here is a quick survey touching the surface on issues discussed and analyzed more in depth for subscribers.


FACTORS BEHIND US DOLLAR RALLY
What is pushing the US Dollar up cannot be construed as anything remotely resembling healthy factors. In no way whatsoever does it resemble investment. It is more like paid off death contracts, paid off death investments, paid off transfers from toxic US bonds into what are falsely regarded as safer US bonds with a guarantee from a crippled USGovt. Foreign financial entities are liquidating on massive scale. They need a tremendous amount of US Dollars in order to complete transactions. Also, a tremendous amount of US Dollars are needed for CDSwap payout’s as defaulted bonds are resolved. Almost all CDSwap and other credit derivatives are paid out in US Dollars The Lehman Brothers payout was full of lies, again. The Lehman Brothers total volume of corporate bonds was $160 billion, but $400 billion existed in total CDS volume tied to them! It is no surprise that the Dow and S&P500 stock indexes fell hard (by almost 400 points on Dow) and on the Lehman resolution day. And market mavens boasted of no impact on the Lehman funeral date!


The DTCC (Depository Trust & Clearing Corp) reported only a net $5.2 billion payout on the Lehman Brothers failure CDSwap resolution. The ‘Dis-Trust Clearing Corp’ might want to check credit derivative experts who claim between $220 billion and $270 billion in that total after netting. By the way, the DTCC is the official banking entity that oversees all stock clearing overnight, including all the naked shorting. The de-leveraging process has left the central bankers empty handed, exposed as having empty financial cupboards. Thus the need for massive central bank swaps from the US Fed, which has perversely farmed out its function to foreigners. In fact, the foreign central banks might be in possession of more US$ inventory items than the US Fed So the US central bank has asked foreign central banks to do its job, and to manage the world reserve currency? This amidst a US$ rally!?!


The Credit Default Swaps are capable of burning Hiroshima holes all over the US financial system, resulting in US Economic implosion from eliminated bank and financial system structures almost entirely. The process has only begun, but in darkness. The other purpose for big bailouts was to prevent CDSwap explosions, risking a string of bombs to go off. The key aspect of CDSwap contracts is their hidden nature, with fuses intersecting in the dark.


When the market mavens talk about the de-leverage process, they refer to speculative investments being liquidated. Oftentimes, they do not include in the story how Wall Street firms, desperate to stave off bankruptcy, are targeting viciously their own clients. The big accounts lie in hedge funds, where the private wealthy are being decimated. Credit is being pulled. Margin calls are being delivered. Margin ratios are being raised. Those funds whose positions are aligned with the predators on Wall Street continue in their investment portfolios. Those funds in opposition are attacked with artillery, carpet bombs, and early morning raids. The US Dollar is rallying amidst this type of sinister liquidation.


The result has been numerous spread trades anchored by the USTreasury Bond are forced into sale. That means a USTBond buyback occurs from the short cover on the trade. Whether a spread on mortgage bonds, corporate bonds, emerging market bonds, or crude oil, or gold, the trade is liquidated, and a USTBond is bought back. NO TANGIBLE END DEMAND, ONLY USTREASRY BOND SHORT COVERS. This is the basis for a US$ rally?


WORSENING US$ FUNDAMENTALS
How many times have we seen the US stock market go down, non-government bond yields rise, the US Dollar rise, and the USTBond yields fall? That has been the norm in the last few weeks. These are death signals, not investment signals. The US Economy cannot afford liquidation and constricted credit, a well-known fact, seemingly forgotten today. These signals come amidst falling confidence, more bank distress measures, more job loss, more home foreclosures, and lately, trouble with letters of credit at port facilities.


Financial markets, including the US Dollar, have yet to factor in the deep US Economic recession.

The US Dollar rally flies in the face of deteriorating fundamentals. See job cut announcements at Caterpillar, Merrill Lynch, General Motors, Chrysler, several Wall Street firms including Goldman Sachs today. Weekly jobless claims at close to half a million per week, equal to peak during the unrecognized 2001 recession. See the UMichigan consumer sentiment, Philly Fed index, Empire Fed index, leading economic indicators, durable goods orders, on and on. Retail sales, the backbone of the backwards US Economy, are plummeting. That is, the plummet is before inflation price adjustments. Car sales are plummeting also.


Exports are to be worse from the higher US$ exchange rate on the table, combined with slower foreign economies. The improved export trade has been a big boast from the lunatics running the asylum. The US Economy is accelerating in its decline, certain to produce a recession and huge USGovt deficits. That deficit is likely to at least double and possible quadruple next year. USTreasury Bond issuance cannot conceivably finance all, or at least half, of the commitments. The printing press will do the rest, which will cut down the US$ valuation. The US Dollar decline lies ahead, when the distortions slow or come to an end. Gold will soar on the other side of this liquidation.


An extreme backlash attack is coming against the US Dollar Rising import prices in foreign economies have already caused alarm. Foreigners will soon attack the US$ in a matter of time, using heavy US$-based reserves. Their banking sectors are in disarray, primarily because they are intimately tied to the US$ and USTBonds. The process has begun with Brazil and Mexico in Latin America, to use their strong reserves and sell into this queer US$ strength. That is what reserves are for. The process will spread to other nations.


John Embry of Sprott Asset Mgmt has raised the possibility of a December gold futures contract default. He is not predicting it, or claiming it as certain, but rather mentions how talk centers on the December gold contract as having extreme stress for actual delivery. Pressure is building. The December contract not only is end of quarter, but end of year. He suggests a possible default. He said, “there is probably going to be such an event to change perceptions.” He cited a possible force majeure that could act as a “seminal event that defines the whole situation.” He explained that the physical gold price would then dictate the paper gold price, a return to normalcy, and with a gigantic move up in the gold price. Right now the paper gold market is overwhelming the physical side, but the physical side is constricted on supply. He explained that hedge funds are being unwound on a massive scale, slaughtered by margin calls. The long side must call for delivery on many contracts. He also expects there will be many questions on the Exchange Traded Funds soon as well, although those are surely not as important as the COMEX contract defaults.


Michael
michael@2008-2012.org

Thursday, 23 October 2008

What will Obama's 'international crisis' be?


Dear Readers!

Joe Biden’s “guarantee” that an “international crisis” will unfold shortly after President Obama takes office conjures up several different possibilities, but it seems the likely outcome will revolve around an announcement that Iran has developed a nuclear bomb, prompting a potential military attack.


“It will not be six months before the world tests Barack Obama like they did John Kennedy,” Biden told an audience in Seattle this past weekend.

“Remember I said it standing here if you don’t remember anything else I said. Watch, we’re gonna have an international crisis, a generated crisis, to test the mettle of this guy.”


The assured tone with which Biden delivered his forecast was staggeringly convincing, and left the observer in no doubt that there will be a major world crisis shortly after Obama takes office. “Mark my words, mark my words,” Biden stressed, adding that “tough” and “unpopular” foreign policy decisions will have to be made.


“I promise you it will occur,” Biden added, “As a student of history and having served with seven presidents, I guarantee you it is going to happen.”


Biden’s use of the word “generated” is even more startling. One of the dictionary definitions we find for the word “generated” is “to bring into existence; cause to be; produce,” which begs the question, will this be another staged and manufactured crisis like the 9/11 attacks, which occurred less than 8 months after Bush took office?


Or will it be something even more serious, a nuclear conflagration involving Russia or Iran?

John McCain raised the specter of nuclear war yesterday when he warned that the United States faces “many challenges here at home, and many enemies abroad in this dangerous world,” before mentioning the 1962 Cuban Missile crisis.


Echoing Biden’s comments, McCain said the next president “won’t have time to get used to the office” and “I know how close we came to a nuclear war and I will not be a president that needs to be tested. I have been tested. Senator Obama has not.”


What is the test to which McCain and Biden refer, and how can they be so sure that it will arrive shortly after Obama takes office should he win the election as expected? What was Colin Powell referring to on Meet The Press when he said, “There’s going to be a crisis which will come along on the 21st, 22nd of January that we don’t even know about right now.”


The most likely scenario seems to revolve around Iran announcing, or the U.S. government claiming, that they are ready to build their first nuclear bomb.


Indeed, the Mossad front news outlet Debka File reported yesterday that “Iran will be ready to build its first bomb just one month after the next US president is sworn in.” The very next sentence of the report ties this in with Biden’s promise of an international crisis immediately after Obama takes office.


“DEBKAfile’s military sources cite the new US timeline: By late January, 2009, Iran will have accumulated enough low-grade enriched uranium (up to 5%) for its “break-out” to weapons grade (90%) material within a short time. For this, the Iranians have achieved the necessary technology. In February, they can move on to start building their first nuclear bomb,” according to the report.


Of course, the legitimacy of these claims are likely to be completely fabricated - the official U.S. National Intelligence Estimate concluded in December that Iran had suspended its nuclear weapons campaign in late 2003 - but the Israelis may be laying the groundwork for a propaganda offensive similar to the “weapons of mass destruction” scam that preceded the invasion of Iraq.


Will the military assault on Iran occur not under the highly unpopular Bush administration, as many had predicted, but under an Obama presidency? Riding into office on a wave of popular approval and support, Obama will have the political capital to get the country behind the attack if the threat of imminent danger is cited - or at least stand by and allow Israel to do the dirty work.


Will a nuclear flash point on the scale of the Cuban Missile Crisis turn out to be the “international crisis” that Biden so vehemently promised? Or will the event take on a different characteristic.

Bush exploited 9/11 to realize the pre-set agenda of his Neo-Con masters months after he was inaugurated and Bill Clinton seized upon the Oklahoma City Bombing shortly into his second term to expand federal power. What will Obama’s crisis be that enables him to offer his contribution to

building the American police state?


- A terror attack, or a series of attacks, on major American cities, possibly involving crudely designed nuclear bombs or dirty bombs?


- A complete economic collapse and a new great depression leading to food riots and the imposition of martial law?


- A military showdown with Russia should Russia attempt to invade Georgia or another pro-U.S. Russian satellite country?


- A nuclear showdown with Russia should Russia start a nuclear war with Ukraine, as has been threatened?


- The necessity for another military attack on Afghanistan should the Taliban continue to regain control of the country?


- A confrontation with Venezuela should it be revealed that Hugo Chavez is receiving nuclear bomb technology from Russia or Iran?


- A new escalation in the Middle East should Israel deploy its nuclear arsenal to attack Iran, Syria Lebanon, or even Egypt?


Whatever the new “international crisis” that we have been guaranteed turns out to be, you can bet your bottom dollar that the response to it will ultimately lead to more carnage and a further assault on the fast-disappearing freedoms that we still enjoy - and in that sense under an Obama presidency, the more things “change,” the more they will stay the same.


Michael
michael@2008-2012.org

Wednesday, 22 October 2008

Colin Powell Warns Of Coming Crisis “We Don’t Even Know About Right Now


Dear Readers!


Yesterday I commented on Joe Biden predicting a "crisis" to "test Obama". Today I realized that Colin Powell has made bizarre comments that echo the recent declaration by Democratic VP candidate Joe Biden that there will be an “international crisis” early into Barack Obama’s presidency that will test the new president by forcing him to make unpopular decisions.


Speaking on meet the press two days ago, Powell officially endorsed Obama and also made the following statement:


“The problems will always be there and there’s going to be a crisis which will come along on the 21st, 22nd of January that we don’t even know about right now.


So I think what the President has to start to do is to start using the power of the oval office and the power of his personality to convince the American people and convince the world that America is solid, that America is going to move forward, we are going to fix our economic problems, we’re going to meet out overseas obligations.”


Is Colin Powell referring to a theoretical crisis that could occur at any time? If so why does he choose a specific date, within the first two days after the inauguration? Also why does he refer to general problems that the new president will have to deal with in a separate context? We are already in an economic crisis, everyone knows that, so what new crisis is Powell talking about?


Whatever you read into Powell’s comments, they sound somewhat bizarre, particularly as they come on the back of Joe Biden’s “guarantee” of a “generated crisis” to “test the mettle” of the new leader within six months of the new presidential term:


What does Biden mean by “generated crisis”? It is an undeniably strange term to use.


His reference to John F. Kennedy indicates that Biden may have been referring some kind of geopolitical crisis in the vain of the Cuban missile crisis of April 1961. The confrontation between the United States, the Soviet Union, and Cuba at the height of the Cold War came within the first four months of JFK’s presidency.


Obama’s running mate made the comments at a fundraising event in Seattle two days ago, on the same day Powell also spoke of a coming crisis.


We shouldn’t be surprised at Powell’s comments however, given that the former Secretary of State seemingly has a knack for predicting events before they take place.


Previous to the beginning of the Iraq war in February 2003, an audio tape containing a voice described as that of Osama Bin Laden was touted as proof positive of Al Qaeda links with Saddam Hussein.


Hours before the tape was discovered and aired by TV channel Al Jazeera, Powell announced in the US Senate that a “Bin Laden tape is coming proving Iraq’s links with Al-Qaeda.”

This led some to raise the question how does Colin Powell know what Al Jazeera are going to broadcast before they do?


In an amazing and timely coincidence, the tape came barely a week after Powell’s attempts to link Al Qaeda and Saddam in his botched presentation of lies and exaggerations before the UN Security Council.


Surely those people know the plans of the elite and the NWO people, if not in detail, so in general, So something big is brewing up, such as we predict from the Scriptures.


Michael

michael@2008-2012.org

Tuesday, 21 October 2008

Major crisis predicted by Joe Biden


ABC News' Matthew Jaffe Reports: Sen. Joe Biden, D-Del., on Sunday guaranteed that if elected, Sen. Barack Obama., D-Ill., will be tested by an international crisis within his first six months in power and he will need supporters to stand by him as he makes tough, and possibly unpopular, decisions.

"Mark my words," the Democratic vice presidential nominee warned at the second of his two
Seattle fundraisers Sunday. "It will not be six months before the world tests Barack Obama like they did John Kennedy. The world is looking. We're about to elect a brilliant 47-year-old senator president of the United States of America. Remember I said it standing here if you don't remember anything else I said. Watch, we're gonna have an international crisis, a generated crisis, to test the mettle of this guy."

"I can give you at least four or five scenarios from where it might originate," Biden said to
Emerald City supporters, mentioning the Middle East and Russia as possibilities. "And he's gonna need help. And the kind of help he's gonna need is, he's gonna need you - not financially to help him - we're gonna need you to use your influence, your influence within the community, to stand with him. Because it's not gonna be apparent initially, it's not gonna be apparent that we're right."

Not only will the next administration have to deal with foreign affairs issues, Biden warned, but also with the current economic crisis.

"Gird your loins," Biden told the crowd. "We're gonna win with your help, God willing, we're gonna win, but this is not gonna be an easy ride. This president, the next president, is gonna be left with the most significant task. It's like cleaning the Augean stables, man. This is more than just, this is more than – think about it, literally, think about it – this is more than just a capital crisis, this is more than just markets. This is a systemic problem we have with this economy."

Biden said the Democratic ticket is equipped to meet the challenges head on.

"I've forgotten more about foreign policy than most of my colleagues know, so I'm not being falsely humble with you. I think I can be value added, but this guy has it," the Senate Foreign Relations chairman said of Obama. "This guy has it. But he's gonna need your help. Because I promise you, you all are gonna be sitting here a year from now going, 'Oh my God, why are they there in the polls? Why is the polling so down? Why is this thing so tough?' We're gonna have to make some incredibly tough decisions in the first two years. So I'm asking you now, I'm asking you now, be prepared to stick with us. Remember the faith you had at this point because you're going to have to reinforce us."

"There are gonna be a lot of you who want to go, 'Whoa, wait a minute, yo, whoa, whoa, I don't know about that decision'," Biden continued. "Because if you think the decision is sound when they're made, which I believe you will when they're made, they're not likely to be as popular as they are sound. Because if they're popular, they're probably not sound."

Biden emphasized that the mountainous Afghanistan-Pakistan border is of particular concern, with Osama bin Laden "alive and well" and
Pakistan "bristling with nuclear weapons."

"You literally can see what these kids are up against, our kids in that region," Biden said in recalling when his helicopter was forced down due to a snowstorm there. "The place is crawling with al Qaeda. And it's real."

"We do not have the military capacity, nor have we ever, quite frankly, in the last 20 years, to dictate outcomes," he cautioned. "It's so much more important than that. It's so much more complicated than that. And Barack gets it."

"I probably shouldn't have said all this because it dawned on me that the press is here," he joked.

"All kidding aside, these guys have left us in a God-awful place," he then said of the Bush regime, promptly wrapping up his remarks. "We have the ability to straighten it out. It's gonna take a little bit of time, so I ask you to stay with us. Stay with us."


Michael
michael@2008-2012.org