Global Catastrophe Looms
As EIR and a few other economists have warned, the frantic bailout now underway of the terminally bankrupt Ponzi-like financial system will cause a hyperinflationary spike in food and other commodities, leading directly to famine in developing nations. (Asia Times: The Black Death of financial collapse)
The biofuel scam is also a contributing factor in driving up the price of grain; as is crop failure in various regions of the world, such as a wheat-killer fungus in Iran and an ongoing drought in Australia.
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And, indeed, reports are now coming in from around the world demonstrating that a catastrophe is in the making. For example, the Scotsman.com published an article entitled: “Global food crisis looms as Asia’s rice bowl empties and world price soars.” In the Philippines the rising price of rice is recognized as an immediate matter of life and death.
Already riots have broken out in Haiti and Indonesia and India are on the brink. Africa is said to be ready to explode due to the increasing inaffordability of food. After all, when you subsist on an income of a dollar or two per day, as a large percentage of the peoples of this planet are forced to do, the doubling of the cost of the staple foods is a calamity.
Recognizing that fact, at its semi-annual meeting in Washington D.C. last week the managing director of the IMF stated that if prices continue to increase it is going to result in a “terrible” situation for the world’s billions of poor. The UN's Secretary General has called for an international response to the unfolding calamity. Speaking of the food riots breaking out, World Vision Australia head Tim Costello says: "It is an apocalyptic warning.”
An “apocalyptic warning” indeed!
As reported in the English edition of Pravda, a U.N official has pointed out that unlike conditions of drought where there is simply no food to be had, the situation now is different – there is food but many simply cannot afford it. So, it is not likely that masses of starving people and famished nations are going to lie down and quietly die when they can take what they need to survive. War and social and political instability are a certainty.
The driving force behind the run-up in food prices is globalism, which is simply another name for imperialism. The Empire and their corporate oil and food cartels are making a final push to consolidate absolute control over the world’s vital resources before the dollar-based financial system vaporizes. It is their intent to crush the American republic and the nation-state system of things once and for all. (Must read – Globalization is genocide)
Will the nations’ leaders unite and avert the developing calamity? Bluntly, No! Bible prophecy foretells the complete subjugation of the nations under the boot heel of a tyrannical king – the last kingdom of Satan over mankind.
The last king, variously depicted in prophecy as the king fierce in countenance, the king of the north, the eighth king, the northerner, the tyrant of the nations, the image of the beast and the Chaldean, is destined to liquidate a large percentage of the present human population through warfare and starvation. The prophecy of Habakkuk, for example – a vision yet for the time appointed – depicts the “Chaldean” as ensnaring all the nations as if hapless fishes caught in a fisherman’s net. (See essay: The Ultimate Final Solution)
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Additional links added after initial posting
Food rationing hits Silicon Valley
Global grain prices reach record levels
Asia risks silent famine as food prices soar
Rice climbs to record as Thailand may curb exports
Walmart restricts rice purchases
Wall Street Journal recommends stocking up the pantry
Hedge funds reap profits as third world starves
Where every meal is a sacrifice
Wall Street grain hoarding brings farmers and consumers to ruin
Lords of capital decree mass death by starvation
World food crises turns rice into gold
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Bear Stearns and the Collapse of a System
"Let me issue and control a Nation's money and I care not who makes its laws". A.M. Rothschild, 1838 (Rothschilds & Rockefellers – Trillionaires of the World)
In response to the last blog entry on The Empire versus the Republic, I received the following email question: “In your writings you have stated your belief that it is the “international financiers” that are the real powers in control and the ones who are manipulating the world’s political system behind the scenes. While I do not disagree with this being a real possibility, I have seen no evidence to support such a claim either. Do you have any such evidence that historically, at some time in the past, or possibly in the future, these international financiers have such ability and powers to really control the political system?”
Apparently, it is a case of not being able to see the forest for the trees. However, the events of recent weeks has provided a timely demonstration of how private financial interests control governments.
As all readers are no doubt aware, the so-called sub-prime mortgage collapse last summer set off an on-rolling domino, chain reaction crash of the financial system. The most recent casualty to arrive at the morgue? – Bear Stearns.
Bear Stearns investment bank was one of the more aggressive dealers in mortgage backed securities and various other exotic financial “products” (derivatives). But when the market for MBSs, CDOs (collateralized debt obligations) and other forms of debt suddenly dried up Bear Stearns was caught holding the bag; in this instance a bag full of billions of dollars of virtually worthless securities that it bought, but now cannot sell.
As a result of being caught in a liquidity trap the company’s reserves were quickly drained and its stock tanked. In order to prevent Bear Stearns from going into bankruptcy receivership the United States Federal Reserve Bank and other governmental agencies were compelled to convene an emergency weekend meeting and hastily cobbled together a loan package that would allow J.P. Morgan to buy the bankrupt investment bank. This was an end run to get around the fact that the Fed cannot legally lend to investment banks. (LaRouche comment)
The Fed also lowered its discount and overnight loan rates and promised to buy up the banks’ worthless securities. But the question is, why the urgency?
Why not let bankers eat their losses?
After all, companies go bankrupt all the time. Why not just let Bear Stearns go kaput?
In an article appearing in the Telegraph on the 24th of March, a writer for the City of London, Evans Ambrose-Pritchard, wrote: “Fed’s Rescue Halted a Derivatives Chernobyl.” According to Pritchard the emergency bailout of Bear Stearns was necessary in order to prevent the complete meltdown of the guesstimated half-quadrillion dollar derivatives pyramid. According to the Telegraph article Bear Stearns alone had 13.4 trillion worth of derivatives positions on its books – this with a comparatively minuscule equity base of $80 billion. To put things in perspective, $13 trillion is more then a quarter of the world’s GDP!
But the buyer of Bear Stearns, J.P Morgan, is the reigning derivatives king. By taking on Bear’s positions it now has $90 trillion of derivatives on its books – twice the world’s GDP!
Needless to say the blowout of the gargantuan derivatives bubble would more or less instantaneously obliterate the global financial system and if prompt action were not taken by governments – the United States’ government in particular – it would trash the underlying world economy and drag the nations into a black hole dwarfing the Great Depression. (CNN: Chaos on Wall Street)
(Without doubt, the sudden collapse of the financial system would seem as if the sky had fallen; which, not coincidently, is the way the Bible depicts the collapse of the present system of things. See essay: The Presence of the Day of Jehovah.)
So, this is the present state of affairs. And make no mistake – it is not just a Bear Stearns problem. It is not a subprime problem. It is not merely a recession. It is a systemic crisis. The whole system is teetering on the edge of the abyss. (Germans fear meltdown of financial system)
Realistically, though, the latest bailout only forestalls the inevitable. (Wall Street Journal article praising the U.S. intervention) But it proves that the financiers control the political governments. (See Mike Whitney’s article: Bear Stearns bailout proves the U.S. is merely an extension of the financial industry)
The flip side of the bailout is this: any attempt on the part of the central bank of the United States to bail out the banks and their astronomical derivatives side bets would destroy the value of the U.S. Dollar through hyperinflation; which is, in fact, what is happening; albeit, in slow motion at the present moment. That’s because the bursting bubble is much too big to bail out.
As the president of OPEC acknowledges, the rising price of oil is not due to the market forces of supply and demand. (Forbes article) It is driven by speculation and the devaluation of the dollar (inflation). And it is, once again, the banks and their client hedge funds who are bidding up the price of oil and commodities. So, in that respect the bankers are basically inducing the United States to commit national suicide by committing to a course of destroying the value of its own currency in a vain attempt to bail out the banks and speculators.
It is absolutely insane, but the way the British mercantile system works banks primarily loan money to speculators who purchase contracts for virtually everything – including money itself, which is the property of presumptively sovereign nations. So, while nations may issue legal currency, it is the speculators who determine its value.
London is the originator and dominate center for the FOREX hot money market that transacts a sizable percentage of the roughly 3 trillion dollars of turnover daily. (Only a tiny fraction of the global financial turnover actually purchases goods or services.)
To further illustrate the insanity of the British system, although hedge funds and speculators maintain no facilities to pump, refine, or deliver petroleum and probably wouldn’t know a wellhead from a sewer pipe, they are the primary buyers and sellers of the lifeblood of nations. (Dallas News article) That’s the free trade system. Protectionism is considered an anathema. And any attempt on the part of governments to protect their people from the rapaciousness of bankers and traders is strictly prohibited.
It is said that from the time an oil tanker leaves the Persian Gulf until it offloads its cargo in Japan or China or some other oil-thirsty nation, the contents of the tanker will have been bought and sold and bought and sold approximately 500 times – often by the same buyers and sellers! It is estimated that more than half of the current $100+ per barrel is a result of speculation and not because of the market forces of supply and demand, as the Empire would have us believe. Not surprisingly, the International Petroleum Exchange in London is the center of such trading activity.
(The prophecies correctly portray modern Tyre (London) as a mercantile system of exchange. See the essay: The Death of a God)
What created this monster?
This past Sunday’s New York Times featured an article in the Business section that asked a similar question. What Created This Monster?
The forthcoming answer was derivatives. And more specifically, deregulation of Wall Street, which gave rise to all sorts of unregulated forms of derivatives and speculation. Whereas, the little neighborhood chartered bank is subject to all manner of oversight regulations and governmental scrutiny, the gigantic Wall Street investment banks and their subsidiary hedge funds, which literally control the fate of the nations’ economies – as the Bear Sterns case demonstrates – are virtually unregulated!
What created this monster? Again, the bankers induced the governmental stewards of the public trust to abdicate their authority so as to allow private money interests to oversee, not only their own financial system, but the economy of entire nations is subject to the inscrutable deals made by international financiers from their offshore havens.
As the financial dominos continue to topple, the immediate period just ahead will determine the fate of nations.
As has been pointed out in the previous blog entry, the imperial system is parasitic in nature and can only survive as long as its host thrives. (The American system is self-sustaining) We have now reached the point where both the host and its blood-sucking parasite are about to expire.
As the latest EIR article explains so well, we have arrived at the end of the line for the Anglo-Dutch system. Such is the judgment of Jehovah.
The Empire vs The Republic
Modern history for the past 500 years has been dominated by an ongoing conflict between the forces of tyranny and the human impulse for freedom. For over a millennium following the collapse of the Roman Empire Europe was dominated by a bestial Feudal system, enforced by the Roman Catholic Church, which enslaved the vast majority of the population in perpetual poverty and ignorance. But the Renaissance began to change that miserable situation.
The Renaissance eventually gave birth to the political expression of the sovereign nation-state. As opposed to the continent being fragmented into dozens of fiefdoms, modern nations began to take shape. France, under the reign of King Louis the XI, was put on a course of nation building and thus became the first nation to emerge from the Dark Ages and the Hundred Years War to become a recognizable republic, devoted to the commonwealth.
But, of course, the newly emerging nations were still dominated by a feudalistic oligarchy. It was not until the colonization of the New World that the opportunity presented itself to create a new nation – a free nation with an ocean between it and the tyranny of the European monarchies.
After the break away American colonies formed the first sovereign nation in the New World, two competing systems of political economy began to emerge – The British System and the American System.
The British imperial system is based upon exploitation, usury and speculation; whereas, the American System of economy is based upon true nation building. As an example of the British system, the East India Company, which had a charter from the government to bring in the booty from the far reaches of the sprawling empire, promoted opium production in India. The narcotic was then sold to Chinese peasants. Millions of Chinese became addicted to opium as a result of British “free trade.”
The British Empire was also profiteering in the slave trade and even though Parliament outlawed trafficking in human souls in the 1830’s, London was, nonetheless, allied with the Confederacy during the American Civil War and intended to break the union of the United States.
The fact of the matter is, the imperial system of looting made many people fabulously wealthy. Many of the mansions in Holland Park and other affluent areas of London were built with the riches acquired through the business activities of the British East India Company during the 1800’s. HSBC, one of the largest financial institutions in the world today, first got its start processing the profits from the lucrative drug trade. And to this day the plethora of hedge funds and banks located in London’s offshore pirate coves, such as the Cayman Islands, are still deeply involved in laundering drug money for their wealthy clients.
The American System, on the other hand, seeks to nurture and empower people to become productive members of society. It does so by means of education, infrastructure development, protecting domestic industry, fostering scientific progress, and by suppressing the rapaciousness of the British System.
These two competing, antagonistic systems of political economy are what is symbolized in prophecy by the iron and clay and the kings of the north and south leading up to the time of the end. (See essay: The King of the North Conspires for World Domination)
Since the end of the Second World War and the emergence of the United States as the preeminent world power, the Lord’s of London have sought to subvert America from her stated mission of freeing the world of colonial rule. In this they have succeeded. Particularly since the early 70’s, when President Nixon abolished the post war Bretton Woods agreement, which effectively handed over control of the U.S. dollar to the London-based currency speculators and oil merchants, the American economic engine has been effectively throttled.
But the parasitical British system of globalization is incapable of sustaining itself. That’s because a parasite only lives as long as its host thrives and the host – in this case, the underlying physical economy of America and Europe – has been on life support for sometime now.
The pyramidal scheme of amassing hundreds of trillions of dollars of debt predicated on extracting an income stream from a relatively miniscule few trillions of actual productive labor is manifestly unsustainable and doomed to collapse. So leveraged is the massive half-quadrillion dollar derivatives bubble, likened to a ticking time bomb, that a mere two percent notional loss could create a reverse leverage effect and virtually wipe out all of the world’s capital. That’s why the system is now in an advanced state of economic breakdown – as a few sober observers are aware.
In further evidence of that fact, commenting in the New York Times on the Federal Reserve’s recent bailout of the troubled investment bank, Bear Sterns, James L. Melcher, president of Balestra Capital, a hedge fund based in New York, said. “If the Fed hadn’t acted this morning and Bear did default on its obligations, then that could have triggered a very widespread panic and potentially a collapse of the financial system.” But as the title of the New York Times article suggests, Bear Sterns is just one of many toppling dominos in the financial daisy-chain.
But the rolling temblor now shaking the financial system is merely a harbinger of a seismic event that will shake civilization to its foundation and more importantly, herald that the day of Jehovah has commenced.
So, what does the near future hold?
The financial oligarchy are determined to use the collapsing dollar to finish off – once and for all – the American republic and the nation-state system globally; otherwise, they run the risk that the United States and other sovereign nations may unite in their common interest of self preservation and act against the financier’s interests, as the global financial system careens toward the abyss. Will the forces of empire succeed?
In a word, Yes. The present democratic nation-state system is destined by the prophetic Scriptures to be crushed by the last empire. (See e-watchman essays collection)
How do the enemies of the republic intend to do it in? Evidently their intention is to lure the United States into war with Iran; with the intended victim of the war being the American republic itself. With the Bush administration on the way out the window of opportunity to induce the U.S. into launching a suicidal shock and awe attack on Iran is rapidly closing. Yet, the ongoing financial collapse is impelling the empire to act now, while they still can.
Ominously, this week’s U.S. News and World Report offers six signs the U.S. may now be headed to war with Iran.
Food Shortages
Periodic droughts and accompanying food shortages and famines have been a fact of life ever since Adam and Eve were expelled from the Garden of Eden to work the land sown of thorns and thistles. Nevertheless, Jesus foretold that there would be food shortages in one place after another. Together with international wars, pestilences and earthquakes, food shortages would constitute a telltale sign that Christ’s secret parousia had begun.
Reasonably, though, if food shortages are to be a noteworthy aspect of the kingdom’s coming, then there must be something extraordinary about their scope and scale. Without question, during the 20th century there were indeed severe food shortages and famines in various places. (Wikipedia on history and causes of famines) But most of them were either in underdeveloped lands in Africa, which have been subject to drought and famines for centuries, or else in the extremely populous lands in the Indian sub-continent. And the communist leaders, Stalin and Mao, subjected their own peoples to forced starvation.
For the most part, however, the nations of Europe and the Americas have not suffered from food shortages in recent decades. That seems extraordinary in view of the fact that two great wars were fought in the heart of Europe. Of course, during the Second World War there was much suffering and deprivation, but it was quickly relieved as soon as the war ended. And even during the Great Depression in the United States there was no shortage of food – only a shortage of money to purchase it. That’s why many people received their daily ration in soup kitchens and bread lines that sprang up across America. But it seems that the Western world’s immunity to food shortages is about to change.
As the now-ongoing collapse of the global financial system accelerates and the central bank of the U.S. continues to flood the world with rapidly devaluing dollars (inflation), food shortages are an inevitable consequence, and they are going to become more and more common – “in one place after another,” as Jesus foretold at Luke 21:11. Here are a few headlines pointing to the unfolding global calamity:
Food prices continue to rise worldwide (WSWS.org)
Alarm bells as inflation pressures mount. (IHT)
Wheat surges to record as U.S. supply may drop to 60 year low (Bloomberg)
India may pay more for edible oil imports as prices surge (Bloomberg)
Feed the world? We are fighting a losing battle, UN admits (Guardian)
Food shortages loom as wheat crop shrinks (Times Online)
Food and the specter of Malthus (Financial Times)
Inflation hawks on top as cost of living skyrockets (Telegraph)
One in six countries facing food shortages (Guardian)
Why the price of peak oil is famine (Telegraph)
Dollar Death Spiral
It would appear that the proverbial cat is out of the bag now – Although no one knows the precise day and hour it will vaporize, the U.S. dollar is pretty much finished. It seems that bankers, politicians, big money managers and investors are more and more coming to that realization. (Lyndon LaRouche on Dollar Collapse)
Less understood or accepted at this point, though, is the fact that the entire present financial system has entered into a terminal phase.
The situation is similar to the Titanic immediately after its fateful encounter with the iceberg. For a short while it appeared as if the ship had survived the accident. Some revelers were even reported to have picked up bits of ice that had fallen on the deck from the floating frozen mountain as a result of the collision to cool their martinis; but it may have well been their last drink. It soon became apparent that the “unsinkable” Titanic was doomed.
It is noteworthy that world leaders are now openly talking about the dollar’s seeming death spiral. As the price of oil threatens to breech $100 a barrel for the first time ever, over the past weekend the behind-closed-doors discussions of OPEC, which were inadvertently broadcasted, centered on the topic of what to do about the incredibly shrinking dollar dilemma. Some OPEC members want to dump the dollar altogether; that is, they want to stop being forced to accept it for oil transactions. But the Saudi minister warned that merely contemplating such a move could cause a sudden collapse of the dollar.
Nevertheless, in his closing remarks at the oil producer’s conference Iran’s president declared the dollar to be a “worthless piece of paper.” Not to be outdone, at the same OPEC meeting the firebrand president of Venezuela stated the obvious: “the empire of the dollar is crashing.”
And at a meeting on the other side of the globe at the ASEAN summit, the Premier of China also expressed alarm over the declining value of the dollar and how China might protect its substantial dollar reserve.
As of this writing the dollar has reached new all-time lows against the Euro.
Although the basis of the destruction of the dollar lies in decades of deindustrialization and deregulation in the United States, which has given rise to a casino economy, the recent detonator for the now ongoing implosion of the financial system was the so-called subprime fiasco; which, as most readers are probably aware, entailed bundling complex financial “products” based upon the inflated value of U.S. mortgages, many of which were taken out by less-then-credit worthy borrowers and are now going into default in droves.
Already the foreclosure crisis is being compared with the Great Depression. And because so many over-stretched consumers were using their once-rising home value to finance cars and credit card purchases, the sudden reversal of the housing market is creating a so-called “consumer crunch” and causing a ripple effect to hit other segments of the economy. (EIR article on chronology of crisis)
But while millions of Americans are going into foreclosure, the investments banks that packaged the exotic CDOs and MBSs and marketed them to unsuspecting investors are now themselves stuck with tens of billions of dollars of unsellable debt, or what has been termed “radioactive paper.” Deutsche Bank estimates that the banks may have to write off nearly half-a trillion dollars.
Although panicked Wall Street bankers were quick to declare the credit crunch over back in August – practically as soon as it began, and undoubtedly the so-called Plunge Protection Team has been working around the clock to pump the U.S. stock markets up to forestall the inevitable, reality has broken through the façade in recent weeks – the credit crisis has not ended. It has just begun.
Indeed, the panic in the financial system that began in August was only temporarily ameliorated by the central banks of the world injecting hundreds of billions of dollars into the system. And more recently, a few weeks ago in fact, the U.S. Federal Reserve Bank was forced to pump an additional 41 billion into the banking system – the largest injection of liquidity since the aftermath of September 11th, 2001, when the system nearly crashed under the duress.
But pumping hundreds of billions of steadily devaluing dollars into an already collapsing system increases the likelihood of igniting global hyperinflation. Undoubtedly, the money men are also simultaneously gripped by the fear that the hundreds of trillions of dollars of derivatives contracts are going to blow out if the credit crunch continues – creating what one analyst has termed, a financial Armageddon.
So, these are the unpleasant choices bankers and politicians are faced with: letting the system freeze up and crash, or setting off a global hyperinflationary firestorm, reminiscent of Weimar Germany.
In all likelihood, however, the financial system is not going to crash on its own. It will come down as a result of the shock wave created by war.
As it stands presently, the highest levels of private financial interests, headquartered in the City of London, are aware that the global financial system they control is in its death throes. In order to come out on the top of the heap in the post-crash world the oligarchy associated with the Crown are intent on destroying the nation-state system, the United States as a constitutional republic in particular, in order insure that governmental authorities do not act against oligarchical interests. So, they are drawing the U.S. into global war and martial law. (Transcript of LaRouche webcast-Save the American Republic from the British Empire)
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Here are links to additional news articles and commentaries on the Web that have been added to this blog entry after it was posted: "A Generalized Meltdown of Financial Institutions," Mike Whitney "A Financial Tsunami," William Engdahl. The U.S. Dollar: The Long Farewell, Gwynne Dyer.
Here are links to numerous e-watchman essays regarding relevant prophecies that cast light upon the now-onrushing day of tyranny –
The King of the North Conspires for World Domination
Judgment Day: The Last Hour of the Eighth King
The Coming Downfall of America
Talking World War Three
More and more there is talk of a Third World War; and the most chilling aspect is that the persons doing most of the talking are the very ones in a position to pull the trigger and ignite a global conflagration.
Last week at a press conference it was President Bush claiming that if Iran merely obtains the knowledge of how to produce a nuclear weapon, World War Three will then be inevitable.
Vice President, Cheney, chimed in a few days later to warn that there would be “serious consequences” because Iran will not be allowed to become a nuclear power – the unspoken implication being that the U.S. will go to war to prevent Iran from developing nuclear technology.
Reminiscent of a page from George Orwell’s novel, “1984,” where the tyrannical government of Oceania engaged in mind-numbing doublespeak with slogans such as “war is peace”; or perhaps in imitation of the demonic perversion spawned during the Vietnam War that led the United States to believe it had to destroy entire peasant villages in order to “save them” from the Viet Cong, so too, President Bush implied that he was willing to risk starting the next world war in order to prevent it.
While the media may brush off such comments from the notoriously dim-witted chief executive as political rhetoric, as the Whitehouse has done in the aftermath of Bush’s statement to the press, there is every reason to believe that Bush and Cheney are intent on starting what could well be World War Three. Certainly, there are many who think just that.
In response to Bush’s accusations a leading Iranian cleric charged that it was the “pharaonic nature” of the United States that was leading the nations towards WWIII. (Interestingly, Bible prophecy depicts the American kingdom using that same analogy. See essay: The Coming Downfall of America)
Getting in on the World War Three talk, in a recent essay the much maligned leader of Cuba, Fidel Castro, correctly assessed the situation, saying that the American president ``threatens humanity with World War III, this time using atomic weapons.''And the leader of the world's fourth largest nuclear power, Israel, said that Iran's non-existent nuclear weapons are an issue for the entire world.
As reported on by Press TV, U.S. congressman and presidential candidate, Dennis Kucinich, perhaps stated it best when he said: "The White House rodeo cowboy has gone dangerously too far and precipitously too close to igniting the war he claims to be trying to avoid."
For sure, it is apparent that the President is not engaged in empty rhetoric. As reported on by Prof. Michel Chossudovsky in Global Research, an ongoing U.S. military exercise code named Valiant Shield 2008, not only appears designed to facilitate bringing the American civilian population under military rule, but the scope and timing of the war games coupled with the prevailing Anglo-American propaganda, makes it apparent that the real target is not Iran, but Russia and China. Because of close cultural, commercial and military ties, an attack on Iran would, in reality, be an attack upon Russia; hence, triggering a global conflagration. Russia is, in reality, the only power on earth that can prevent the U.S. from total world domination and because of that it is targetted for destruction.
No doubt that is why EIR’s intelligence chief, Jeffery Steinberg, penned an article calling the immediate impeachment of Cheney the last chance to prevent World War Three.
A commentary in the French newspaper, Le Figaro, succinctly summed up the situation as two trains on the same track heading for disaster and described the leaders of both Iran and the United States as equally “ignorant and stubborn.” While that is undoubtedly true, it does not begin to address the real driving force that seems to be irresistibly shoving the nations toward catastrophe.
For a certainty, the driving force for World War Three is not President Bush or even the Vice President, Cheney. No. In fact, the real warmongers are not even human. They are demonic. The situation is Satan and his demons know that Christ’s kingdom is going to cuff them and haul them off and they are determined not to go quietly into the night; so, they are, step-by-step, luring the human rulers of this wicked system into a calamity that befits their end.
More Faces of Evil
The vast majority of persons who believe in the existence of the Devil have been sorely misled into supposing that Satan was long-ago consigned to stoke the fires of some subterranean inferno – far from the comings and goings of this world. Nothing could be further from the truth, however. Satan is, in reality, the reigning god of this earthly system of things, and the world reflects his evil character in various ways. Rather than some mythical Hades, Satan and his angels presently reside in their original place of residence, in the spirit realm – in heaven – that is, until the future coming of Christ's kingdom. At that time, Satan, described in the 12th chapter of Revelation as the one "who is misleading the entire inhabited earth," will finally be ousted from heaven and confined to the region of our earth for a short period of time before his incarceration. (Revelation 12:9-12).
One of the principal means by which Satan the Devil has misled mankind is through religion. The 17th and 18th chapters of Revelation depict a prostitute-like organization called Babylon the great that has immoral relations with “the kings of the earth,” and who misleads all the nations by her demonistic practices. The last verse of the 18th chapter of Revelation gives us another identifying characteristic of Babylon the Great: She is responsible for the blood of all those who have been slaughtered on the earth. Truly, what war has ever been fought that did not pit two religious opponents against each other? Or what war has ever been fought that influential clerics have not supported?
Unfortunately, the greatest slaughter this world will have ever suffered is yet to come, in the near future, with the outbreak of global war – leading to what Christ referred to as the great tribulation.
In the run-up to every war there is always a massive propaganda campaign conducted by the war profiteers and those on their payroll. So, while the West is being brainwashed with Islamophobia by the media and politicians, it should come as no surprise to Jehovah’s Witnesses that some of the most ardent and influential warmongers are the leading men of the so-called Evangelical movement.
While the clergy of Christendom have supported every war that has ever been fought over the centuries with empty slogans of God and country, the present neo-crusade in the Middle East has been given a new twist – prophecy – or at least the Devil’s version of Bible prophecy.
So, not only are the hundreds of millions of blind church-goers ignorant of the elemental teachings of Christ as regards loving one’s enemies and being no part of the Devil’s world, they now have been bamboozled into imagining that loyal Christians must support radical Zionism and fight Israel’s wars. Some rabid evangelicals are even deluded into supposing that it is their Christian duty to hasten the war of Armageddon by actively fomenting war with Israel’s neighbors.
A soon-to-be released book entitled Prince of War: Billy Graham’s Crusade for a Wholly Christian Empire paints a none-to-flattering portrait of one of America’s favorite preachers as one of the foremost warmongers. It is said of Graham, (lower right) who has counseled and prayed with most presidents for the past 40 years, that there was never a war that he didn’t bless.
Apparently the nut doesn’t fall far from the tree either; evidenced by Graham’s son, Franklin, who in an interview with CNN in the aftermath of 9-11 said that the U.S. ought to use weapons of mass destruction upon America’s enemies.
Of course, Graham and his son are not the only evangelical preachers who advocate war. There are many. The late Jerry Falwell (lower left) had been one of the more outspoken hatemongers. In the wake of the United States’ disastrous invasion of Iraq, which by some estimates has since resulted in the deaths of over one-million Iraqis, Falwell opined that God is actually “pro-war” and that the entire debacle was necessary to protect innocent people.
Pat Robertson (upper left) is another notorious advocate of violence. In 2005, Robertson called for the assassination of the president of Venezuela, Hugo Chavez. His rationale for advocating the murder of a popularly-elected president of a sovereign nation was that it would save the U.S. taxpayers billions of dollars if they didn’t have to invade Venezuela to take him out.
More recently, politically influential evangelicals have been calling for President Bush to bomb Iran. In the past year John Hagee, a fundamentalist warmonger (upper right) who heads up a mega-church in San Antonio, led a 3,500-strong throng of “Israel-first” fanatics to Washington D.C. for the purpose of blitzing the nation’s elected officials with Zionist war propaganda. (Alternet article on the influence of the evangelical "Armageddonists.")
The amazing thing is that millions of people listen to these evangelical con men. And of course, these same preachers that call for the murder of non-Americans are big Trinitarians. But while soaping down their listeners' ears with sermons declaring "Jesus is God" they deny the very teachings of Christ.
Can you imagine the apostle Paul using his audience with Caesar in Rome as an occasion to try to influence the emperor to annihilate entire nations or murder rival kings?
The beauty is that justice will prevail. Yes, the evangelicals are likely going to get their war with Iran, but it will be more war then they can handle. It will lead to the destruction of the American republic and eventual imposition of a totalitarian world government, which Jehovah will then use to annihilate the iniquitous whore of Babylon and her evangelical warmongers. (See essay collection on e-watchman.com)
The Many Faces of Evil
Question: What do these four public figures have in common? (Besides the tendency to gesticulate with their right index finger)
Answer: They have shown themselves to have an interest in the acquisition and use of weapons of mass destruction.
Of course, in the case of the late Iraqi strongman, Saddam Hussein, Osama Bin Laden and the current Iranian president, Ahmadinejad, there is no proof that they have ever acquired weapons of mass destruction. (The exception being the poison gas that Saddam used on the Kurds, but it is generally known that the United States armed Iraq during the Iran-Iraq war and most probably U.S. companies supplied the chemical agents.)
Osama Bin Laden is largely a fictional character, in the sense that his image has been cleverly exploited by the Anglo-American Empire as the face of evil and the most dangerous man on earth. Unfortunately, millions of people believe it.
It is truly laughable that after the 9-11 terror attack President Bush vowed to ‘smoke him out, get him on the run and kill him.’ In the six years since then, though, Bin Laden apparently remains at large. This is in spite of the fact that Osama Bin Laden is presumably being pursued by the combined intelligence agencies and armies of the Western nations. Imagine that! One man eluding the world’s entire network of intelligence agencies! It is truly incredible that with the vast spying capacity of the United States a man can remain at large in an open wilderness; and not only at large, but supposedly still in control of a world-wide network of underling terrorists!
The latest generation of U.S. spy satellites and unmanned drones can scan virtually every inch of the globe and see in much greater detail then the technology permitted Google Earth. Not only that, the U.S. is capable of monitoring every cell phone, land line telephone and internet communication in all of South Asia, and the entire world for that matter. Still, Reality-TV drunken Americans believe that Osama Bin Laden poses a threat to the United States from his isolated cave in Afghanistan or Pakistan. Perhaps the wily Osama has revived the use of carrier pigeons to relay his instructions and carry bundles of cash to his many operatives around the globe! Of course, millions of Americans also believe that aliens from outer space routinely visit the earth.
In all likelihood Bin Laden is dead, but it serves the purpose of the fascists who lust for more power to have an ever-looming enemy from whom only they can offer protection, for a price; and so every effort is made to keep Osama’s bearded image alive in order to terrorize the masses into submitting to more police state measures and more war, always more war. Americans have already been forewarned that the “war on terror” is going to last for a generation. Meanwhile, the ghost of Bin Laden seemingly waits in reserve to conveniently take the blame for the next terror incident, which the imperialists have repeatedly stated is inevitable.
Osama is not the lone poster boy of evil though. The latest boogie man foisted on the gullible public is Ahmadinejad. He is portrayed as a Hitler-like madman who will stop at nothing until he has brought nuclear annihilation upon Israel and America. This is in spite of the fact that the United Nations nuclear inspection agency (IAEA) has stated that Iran does not have any nuclear weapons and will not have any in sufficient numbers for many years.
The truth is, Americans are victims of an elaborate brainwashing operation. On one front, the population is induced to distraction through an endless array of mindless pastimes; while at the same time the mass media stupefies its viewers with silly sitcoms, the never-ending antics and petty crimes of celebrities, and entertainment, trivia and gossip pawned off as “news.”
The greatest irony is that of the four men pictured above, the three Middle Eastern men, who have over the years been portrayed as posing the greatest threat to the world, actually have posed the least danger. By far, the Vice President of the United States is the most dangerous man on earth at this present moment in history. He, along with President Bush, possesses sole control over more than 10,000 nuclear weapons and have made no secret of their eagerness to use them.
Since 9-11 policy-makers have for the first time in American history adopted a “first-strike” military doctrine that allows the U.S. to launch unprovoked preemptive nuclear strikes against any perceived threat, anywhere in the world. That policy is now being fully implemented in preparation for a devastating strike against Iran. Specifically, the military plan is called “Global Strike,” which essentially places the U.S. military on a hair-trigger – on the ready to annihilate numerous targets around the globe.
One of the more troubling developments recently is the determination of the U.S. to install a missile shield. Just last week the U.S. military publicized the successful test of an interceptor missile. Supposedly the missile defense is intended to knock down ballistic missiles launched from Iran and North Korea. But since the policy of Global Strike has already been implemented for the express purpose of destroying the capability of so-called rogue nations from even developing the potential to initiate a strike, the missile shield would seem to be superfluous. Unless the shield is intended for another purpose, as the Russians contend. (See blog entry: King of the North Prepares Global Strike)
In recent days the Vice President admitted that he considered asking Israel to make a limited attack upon Iran as a way of provoking Iran into retaliation as a pretext for the U.S. to unleash shock and awe. There is no reason to assume that similar schemes are not still under consideration. As the Guardian recently reported, President Bush is also being strongly pressured by Cheney not to leave office next year without first attacking Iran.
The recent revelation that a U.S. B52 landed at an air force base in Louisiana, armed with six live nuclear cruise missiles under its massive wings, has caused some to speculate that the affair was actually an aborted flight intended for an attack upon Iran. It is thought that alarmed officers within the U.S. air force may have pulled the plug on the operation. (See Global Research article)
Whether the story is true or not, there is no question but that the world is in a most dangerous and precarious state presently and there is nothing that anyone can do about it. That is because the real faces of evil are veiled. They being Satan and the demons – who know their days are numbered.
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The Fire of Jehovah
Fire is the most destructive phenomenon known to man. As such it is used throughout the Scriptures to symbolize destruction.
The most common example is that that of Gehenna, which has been wrongly translated as “hell” or even “hell fire” in some Bibles. As Jehovah’s Witnesses know, the original Gehenna was a place called the Valley of Hinnom located outside of Jerusalem proper, which had been a place where the detestable practice of child sacrifice had been carried out, but during the time of Christ had become the site of a common refuse dump. Chunks of sulphur were used to keep the incinerating fires burning in order to consume the refuse. Animal carcasses and even the bodies of men deemed unfit for an honorable burial were pitched into the perpetually burning fires of the city dump. When Jesus was on earth he referred to Gehenna as the place where the maggot never dies and where the fires are always burning and he did so to illustrate the irreversibleness and permanence of God’s judgments against the wicked.
In numerous places in prophecy fire has been used as a symbol of destruction. For instance, according to the 18th chapter of Revelation the iniquitous harlot of Babylon is destined to be “completely burned with fire.”
2 Peter 3:5-7 uses fire as a symbol for the means by which the entire present system will undergo destruction: “For, according to their wish, this fact escapes their notice, that there were heavens from of old and an earth standing compactly out of water and in the midst of water by the word of God; and by those means the world of that time suffered destruction when it was deluged with water. But by the same word the heavens and the earth that are now are stored up for fire and are being reserved to the day of judgment and of destruction of the ungodly men.”
Just as the ancient world had the means of its own destruction built into creation in the form of the heavenly ocean (deluge) that God had suspended high above the earth during the second creative “day,” the apostle Peter indicates that the present system, referred to as “the heavens and the earth that are now,” similarly has the means of its fiery destruction already stored up.
The Hebrew prophecies establish a pattern and provide a preview of the judgments to come. Perhaps the most significant (but least understood) prophecies in the Bible have to do with the prophetic shadows cast by the downfall of ancient Tyre and Egypt. The prophecies pertaining to Tyre and Egypt provide a pattern for God’s oncoming judgment.
(See recently edited and expanded essays: The Death of a God and The Downfall of America)
Ezekiel’s prophecy portrays the king of Tyre as the “anointed cherub that is covering” — “in Eden, the garden of God.” That is, of course, a clear reference to Satan’s original position as the protective cherub (angel) whom Jehovah assigned to watch over Adam and Eve in Eden. Clearly, though, the Garden of Eden no longer existed in Ezekiel’s day. However, Satan the Devil did exist then and he remains the unseen ruler of the nations to this day. Needless to say, too, the downfall of Tyre did not destroy the satanic covering cherub. However, Satan and his demons will be forcefully removed from their place in heaven at the coming of the Lord, Jesus Christ. That being the case, and in view of the striking similarity between ancient Tyre and the modern empire of the City of London, Ezekiel’s prophetic judgments against “the leader of Tyre” clearly have relevance for the judgment to come.
Whereas the king of Tyre is portrayed as the appointed overseer of God’s garden of nations, Egypt is symbolized as the greatest treelike nation in Eden. Taken together the prophecies of Ezekiel and Isaiah are in actuality directed against the Anglo-American dual world power and their satanic overlord.
What is most significant regarding the overthrow of Tyre and Egypt is that the prophecies describe their fall as affecting all the nations. For example, the fall of Tyre is prophesied to rock all the islands of the earth and cause their kings to step down off their thrones. Ezekiel 26:15-18 says: “At the sound of your downfall, when the fatally wounded one groans, when there is a killing with slaughter in the midst of you, will not the islands rock? And down from their thrones all the chieftains of the sea will certainly come and remove their sleeveless coats, and they will strip off their own embroidered garments. They will put on trembling spells. Upon the earth they will sit down, and they will certainly tremble every moment and stare in amazement at you… Now the islands will tremble in the day of your downfall. And the islands that are in the sea must be disturbed owing to your going out.”
As regards the fall of Egypt Ezekiel 32:10 reads: “And at you I shall certainly cause many peoples to be awestruck, and their kings themselves will shudder in horror at you when I brandish my sword in their faces, and they will have to tremble every moment, each one for his own soul, on the day of your downfall.”
It is evident that the prophecies seem to be overstating the international ramifications of the fall of ancient Tyre and Egypt. After all, the faraway islands that were Tyre’s trading partners would have had no reason to fear being over-reached by Nebuchadnezzar’s sword. However, it would seem to be accurately describing the consternation of the nations if the present Anglo-American dyad were to suddenly fall from their place of preeminence.
Although Tyre and Egypt were both conquered by Nebuchadnezzar’s Babylon the prophecies also describe God’s judgment being manifest in the form of fire from Jehovah. This is because the prophetic patterns pertain to the debasement of Satan and the demons by Christ, at his coming into his kingdom. The overthrow of Satan will set into motion a series of events, the first of which is that the Devil will be compelled to set a match to his own system and then impose a totalitarian world government as an alternative to Christ’s then ruling kingdom.
Passing sentence upon the satanic king of Tyre Ezekiel 28:18-19 says: “Owing to the abundance of your errors, because of the injustice of your sales goods, you have profaned your sanctuaries. And I shall bring forth a fire from the midst of you. It is what must devour you. And I shall make you ashes upon the earth before the eyes of all those seeing you. As for all those knowing you among the peoples, they will certainly stare in amazement at you. Sudden terrors are what you must become, and you will be no more to time indefinite.”
As regards Egypt, Ezekiel 30:8 says: “And they will have to know that I am Jehovah when I set a fire in Egypt and all its helpers are actually broken.”
Further down in verses 13 and 14 Jehovah states: “And I will bring Pathros to desolation and set a fire in Zoan and execute acts of judgment in No. And I will pour out my rage upon Sin, the fortress of Egypt, and cut off the crowd of No. And I will set a fire in Egypt.”
Of course, Egypt and Tyre were not permanently destroyed by the Babylonian conquest. In fact, apparently the island city of Tyre (unlike the mainland city) did not fall to Nebuchadnezzar. The island city was, however, destroyed by Alexander several centuries later. But even at that, the city was rebuilt and existed when Christ was on the earth. Yet, the verse reproduced above states concerning the king of Tyre: “and you will be no more to time indefinite.”
No doubt the fire of Jehovah is presently stored up in the form of the vast nuclear arsenals of numerous nations. Also the debt-bloated financial system has obviously been intentionally rigged to incinerate at the appointed time, undoubtedly soon.
The now-collapsing mortgage bubble and so-called international “credit crunch,” which has apparently only been temporarily ameliorated by a half trillion dollar emergency liquidity injection by the world’s central banks in recent days, demonstrates that the financial system is in a terminal phase – providing the visible manifestation that the fuse is rapidly burning down to the quick, in what will inevitably be the biggest societal implosion, ever. Given such obvious frailties, there is simply no way the already precariously teetering global financial system could survive another 9-11 or an all-out international war.
Although the now-imminent collapse of the system will be brought about by the Devil, following his ouster from heaven, it will ultimately serve as the means by which Jehovah imposes a test of faith upon his own household.
Faithless apostates throughout the organization, but especially those who are as-of-yet deeply embedded within the leadership of Jehovah’s Witnesses, are scheduled to be purged by the very conflagrations of Jehovah, once ignited, even as foretold in the 33rd chapter of Isaiah:
‘“Now I will rise up,’ says Jehovah, ‘now I will exalt myself; now I will lift myself up. You people conceive dried grass; you will give birth to stubble. Your own spirit, as a fire, will eat you up. And peoples must become as the burnings of lime. As thorns cut away, they will be set ablaze even with fire. Hear, you men who are far away, what I must do! And know, you who are nearby, my mightiness. In Zion the sinners have come to be in dread; shivering has grabbed hold of the apostates: ‘Who of us can reside for any time with a devouring fire? Who of us can reside for any time with long-lasting conflagrations?’’”
The letter of James verifies for us that the coming fiery conflagration will consume the present money system and directly impact Christians – as a judgment against them. James 5:1-3 reads:
“Come, now, you rich men, weep, howling over your miseries that are coming upon you. Your riches have rotted, and your outer garments have become moth-eaten. Your gold and silver are rusted away, and their rust will be as a witness against you and will eat your fleshy parts. Something like fire is what you have stored up in the last days.”
Note: The daily barrage of automated spam this blog has been under for some weeks seems to have abated for the time being, therefore I am lifting the one-week posting restriction.
Babylon and the Coming New World Order
This blog entry is supplemental information for the latest video on e-watchman.tv of the same name.
The Babylonian Empire of old is featured prominently in the Scriptures, both in the context of biblical history and as a prophetic pattern of future developments of universal importance.
Although its imperial predecessor, Assyria, was responsible for the prophesied overthrow of the northern 10 tribe kingdom of Israel, Babylon was Judah’s nemesis. And because Jerusalem was the official seat of the Davidic throne and more importantly, was the only city on earth where Jehovah is said to have placed his sacred name, the destruction of Jerusalem made it appear that the gods of Babylon were superior to Judah’s deity – Jehovah.
That is why Jehovah foretold long in advance that the coming Babylonian conquest of Judah was his work – “strange” and “unusual” as it may have seemed at the time.
God was merely going to remove his protection and allow the Chaldeans to do what empires do – pillage, oppress and dispossess. And in his permitting the natural expression of such human and demonic tendencies, God would use Babylon as a forge hammer to smash the nations to smithereens as an expression of his judgment.
But after Babylon had unwittingly accomplished God’s purpose, Jehovah would bring Babylon into judgment too; even as God foretold at Jeremiah 50:23-24: “O how the forge hammer of all the earth has been cut down and gets broken! O how Babylon has become a mere object of astonishment among the nations! I have laid a snare for you and you have also been caught, O Babylon, and you yourself did not know it. You were found and also taken hold of, for it was against Jehovah that you excited yourself.”
Of the Chaldeans (Babylonians), the prophecy of Habakkuk says: “O Jehovah, for a judgment you have set it; and, O Rock, for a reproving you have founded it.”(Habakkuk 1:12)
(See essay: The Ultimate Final Solution)
The prophecy of Habakkuk condemns the Chaldean for his animalistic slaughter of mankind; for his pillaging the nations and for seducing the world into committing idolatry.
However, the context of Habakkuk indicates that the prophecy has a much greater application then to merely Nebuchadnezzar’s Babylonian Empire of old. That is evident by reason of the fact that the prophecy of Habakkuk portrays the Chaldean being destroyed by the forces of heaven, as opposed to Cyrus’ overthrow of Babylon in 539 B.C.E.
The implication is that Babylon will have a modern prophetic counterpart that will serve a similar function of reproving the nations with the rod of Jehovah’s anger; as well as chastising those who bear the name of God before the world. In prophecy both Babylon and Assyria typify the last king – the eighth king of Revelation. (See essay: The Last Hour of the Eighth King)
According to the prophecy of Revelation the eighth king springs from the seven. That means that the cultural, historical, philosophical, religious and political foundation of the last king is derived from the preceding kingdoms. Indeed, it is generally recognized that modern European civilization today is rooted in the ancient cultures of the biblical kingdoms – including the Egyptian, and especially the more recent Grecian and Roman cultures.
In view of the fact that the Anglo-American dyad is the embodiment of the ancient biblical kingdoms and that it is presently the unchallenged sole super-power on the planet, the eighth king must spring more directly from the Anglo-American establishment. We may, therefore, rule out such entities as China or radical Islam, or even Russia, from serving in the role of the last king or the dueling prophetic kings of the north and south.
Significantly, the United Nations Organization is a direct creation of Great Britain and the United States and was/is intended to serve as the seat of what would be the first genuine world government in history.
But as long as the Westphalian system of independent nation states exists in its present form there can be no effective supra-national world government. Therefore, the over-arching conspiratorial goal of the Empire is to destroy the nation-state system of things. Only then will the new world order be fully realized.
Since the 13 Colonies of America originally broke away from the Crown and went on to form the first true republic, it has been the intent of the British monarchy and associated London-centered financier oligarchy to destroy the American system and reinvent the British Empire and extend its domain globally.
In view of the fact that the two antagonistic systems of government and economy have formed a union, it is evident that the present Anglo-American dual world power is what is symbolized by the iron and clay feet of Daniel’s image. The image itself, in its totality, symbolizes the eighth king.
Again, though, if global government is to prevail, the present system must be dissolved. For a certainty, if the American system is smashed the lesser nations could not possibly hope to offer any meaningful resistance to relinquishing their own sovereignties to the Empire.
(The biblical parallel may be seen in the strategically significant defeat of Pharaoh Necho at Carchemish. After Babylon defeated Assyria, Egypt (America) was the only regional power capable of opposing the expanding Babylonian Empire. But with Egypt’s crushing defeat at the Battle of Carchemish it opened the way for Nebuchadnezzar to drive south into the area now known as the Middle East and subjugate the lands formerly under Egypt’s protective umbrella.)
Since the American Civil War the British Empire has used every means at its disposal to prevent the spread of the American system to other nations. The First and Second World Wars and the Cold War were largely the result of London’s geo-political machinations. (See essay: The King of the North Conspires for World Domination)
Apparently, the immediate goal of the God-approved scheme to destroy the nation-state system is the scuttling of the U.S. Dollar. The collapse of the Dollar would knock a key underpinning of sovereignty out from under the United States. For a fact, the Dollar system is now locked into a trajectory of rapidly accelerating collapse.
To insure that the United States Congress does not use its authority to protect the system from total collapse, London is employing its well-honed tactics of geo-political manipulation and deploying its terrorist assets to engulf the United States in a world war with the ultimate purpose of sinking the democratic system and implementing martial law and a military dictatorship. At that point we may expect the behind-the-scenes financiers to transfer the seat of executive power from London and Washington to the United Nations in New York – forming a new world order capital city, what the prophecy of Isaiah calls “the town of the tyrannical nations.” (See essay: Doom of the Anglo-American Dyad)
The demonic overlords of the neo-Babylonian Empire then intend on using the vast military capabilities of the remnants of the Anglo-American kingdom to liquidate a sizable percentage of earth’s population, which is why in the 14th chapter of Isaiah the king of Babylon is portrayed with the grisly imagery of being dressed, not in royal raiment, but with the corpses of men whom he has killed.
We have now arrived at the point in history that both global financial collapse and nuclear war are imminent.
The financial dominoes are already progressively toppling, albeit in slow motion. Each day, though, another hedge fund goes under. Every week another mortgage lender implodes. When one of the big banks goes down the potential exists to more or less instantaneously bring down the entire global financial system. (EIR)
Most ominously, the now ongoing “credit crunch” has left the banks stuck with a half trillion dollar debt and has caused the financing of numerous corporate takeovers to be delayed or even canceled by the very titans of Wall Street and London – the investment banks. Even though in some cases the deals have already been inked, the financing is not complete. The reason such deals have now stalled is because the banks cannot sell the debt incurred because the price of holding debt has increased sharply. Essentially, what that means is that the banks did not even have the money to loan in the first place. They intended on making the deals and then afterwards raising the capital to finance the hedge fund and private equity fund deals by selling the debt in the financial markets. This is the definition of a Ponzi scheme.
Meanwhile, Israel and the U.S. continue to lurch toward the next phase of war by preparing to launch an attack on Iran and Pakistan. It is feared that as a pretext for the attack the powers-that-be may orchestrate a synthetic terrorist attack in the United States, perhaps using weapons of mass destruction.
This is what it has come down to. It seems inevitable now that apocalyptic events will begin to shake the world in the weeks and months ahead.
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