Written by Ray Gano
"How much insurance coverage does the FDIC provide?
The basic insurance amount is $250,000 per depositor, per insured bank."
"Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank."
Source - http://www.fdic.gov/
So we are having so many banks go belly up that the FDIC needs 500 Billion more?
This is not a good thing folks, but more than that, have you noticed that the press is keeping this very very quiet about this little fact? If the FDIC needs that much money and they are tapped out, that means there are a whole lot of banks out there going belly up than the press and powers that be are letting on.
While all this is going on millions of Americans have lost their jobs. Again, just today headlines tell us about the un-employment rates
Jobless rate bolts to 8.1 pct., 651,000 jobs lost
WASHINGTON - The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession.
Source - http://news.yahoo.com/s/ap/20090306/ap_on_bi_go_ec_fi/economy
People are feeling the hurt all over and not just here in the US, but all over the world.
The EU along with the EURO are also going belly up. In fact if things continue and Germany is not able to rescue the close knit EU economy, then they are looking at the Euro dissolving into nothingness.
Get this, the head of market analysis for Schneider Foreign Exchange Stephen Gallo told CNBC on March 3rd 2009 that...
"the financial crisis will lead to the creation of a global central bank and a global single currency within 15 years"
In fact top globalists world wide are pushing for a new world financial order.
Problem is that the western countries are so far into debt they have nothing to leverage as a hard asset any longer. Even China, who Obama is now getting loans from, is demanding "guarantees" on their loans. The only thing the US has left is our land itself. Rumors have been going around on the Internet about China gaining power to access to emanate domain land. Although the US Gov is saying no, what else do we have as a tangible asset?
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 that past event is what brought the dictator Adolf Hitler to power.
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?
Folks, how much have you already lost? With what is left, how much do you have in your 401K?
If we were in the Weimar Republic right now, do you know that you wouldn't even have enough to buy a stamp?
What took place during the Weimar Republic is taking place right now. The American's savings is going up in smoke. In fact the current administration who is suppose to bring "CHANGE," has added to that burden by TRILLIONS of dollars.
Ninety days ago your dollar had more worth, but due to the monstrosity of a "bail out" the value of our dollar is sliding deeper and deeper into the abyss.
Sure you might have had a couple hundred thousand in the bank right then, but sad to say, it would not have even bought a simple postage stamp during the Weimar Republic.
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?
It was the by product of the mass economic upheavel of the Weimar Republic that brought about Adolf Hitler.
It is clearly shown in history that only a highly charismatic leaders were be able to stabilize the currency from a FIAT system to a hard asset backed system, that being gold of silver of some other hard asset.
Folks, this is a historical fact and has been repeated over and over again since the first FIAT system in Greece 680 BC.
All the great leaders did that. They stabilized the "system," 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 and the people helped them do it too.
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, and I believe it will in one way or another, many of the other nations will follow due to the intertwined global economy.
Now, I have said 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, therefore their currency went belly up.
The world is currently 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.
Who has so much money right now that they could basically bankroll the world?
Is it the Catholic Church?
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.
Even with the price of oil selling at $45.00 per barrel, there is still so much oil in the ground that it is uncountable. Yea I have heard all the peak oil stories and all. I personally think it is wrong otherwise they would not be pumping fresh oil out of "dry wells" here in Texas. That is right, wells that were pumped dry all of a sudden have more oil in them. No matter what, even if oil is selling at $5.00 a barrel, it is oil that makes the world go round and those who have the oil will make the rules, that is a fact.
I have had folks tell me that the middle east is backwards, no economic concept, ect. It does not matter. Sharia law, which the middle east is based upon, has built into their system their own economic system and even if they choose not to go that route,which I find hard to believe, they will still have all the funds they need to put in place any system they wish to put in place and hire the people to make the system run.
Friends, it is all about power and they are leveraging the world to be the top player with all the power.
It is a fact that the world is looking for a leader that will set the world on its feet again. They are screaming for leadership. Just look at our current president when he was on the election trail. The world was wishing that he would be their president also.
Fact number two, the world needs to be stabilized. To do that, someone with huge assets; enough solid assets to stabilize the world's economies will need to step up. This will enable him to buy the world's debt and re-establishing tangible assets and sound economic system.
It is history repeating itself and the FIAT currency model. What took place back in Greece 680 BC is taking place today. What took place during the Wiemar Republic is taking place today. They all have the same outcome because they are all based upon the same FIAT model.
Based upon the common belief out there, It will not come from the EU, US, Russia, China, ect these countries will not be able to bail out the world.
The FIAT model demands that a charismatic leader step forward. The world will love him and then submit because they no longer want the current pain of being penniless.
Folks, scripture tells us that "HE" will come from the Roman Empire, but not the western leg of the EU as what many have been teaching. The Western leg is broke, penniless, they do not have the assets. It will be the Eastern leg that out lived the west by 1000 years.
Chuck Missler wrote the following in an article titled The Return Of Nimrod...
"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...
Isaiah 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.
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?
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, the world will recognize him as GOD because they have been worshipping his name, The Star and Crescent Moon already for eons. Read my article " My Name is Lucifer" at the Prophezine website for more on that.
So I ask this?
Out of all the kingdoms in the world, who else has the monetary assets that can "right-up" again a toppled world backed by a true asset and not a fiat currency?
The fact is that 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?
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.
IN FACT... Muslim countries have put forth what is called, The Defamation of Religion resolution before the UN. I do not know if you realize this or not but it legitimizes the criminalization of free speech in violation of the UN's own Charter of Human Rights. It takes the human rights of an individual and transfers those rights to a system.
The UN has passed this law and it is before the different countries ready to sign.
So, not only has it passed the UN General Assembly, it is a central plank in the up coming Durban II conference.
The defamation of religion resolution is no less than a...
UN-IMPOSED GLOBAL RELIGIOUS SYSTEM
THAT SYSTEM IS ISLAM!!
For all you out there who keep looking at the Catholic Church to be the last days religion, you might want to rethink what is going on out there.
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. The prime time to share the gospel is now and ears are opening.
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. Joseph of Egypt did it and saved not only Egypt, but also Israel too.
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, no matter what 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 mass economic hardship 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. God's assets were Gold, Silver, Livestock, Land, working the land, having a means to provide even if one was not employed IE a trade, home based business, ect. We have got to get our heads out of the sand and prepare to occupy till He returns. People's souls are at stake.
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,
About the Author:
Ray & Tracye Gano are the Executive Directors of Prophezine. Prophezine deals with Bible Prophecy and World Events from a Pre-trib, pre-millennial, dispensationalist stand point. They currently serve close to 70,000+ (and growing) people world wide with a weekly newsletters, daily news updates, community based website and Internet radio shows. Ray recently released his latest project "Escape The End Time Money Snare - The CD a multimedia CD co-authored with Wilfred Hahn focusing on how to escape the trappings of mammon and learning how to live simply in God's abundance.
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