AMERICA'S ECONOMY NEAR COLLAPSE
The New World Order is coming! Are you ready? Once you understand what this New World Order really is, and how it is being gradually implemented, you will be able to see it progressing in your daily news!!
Learn how to protect yourself, your loved ones!
Stand by for insights so startling you will never look at the news the same way again.
YOU ARE NOW ON
THE CUTTING EDGE
NEWS BRIEF: "
Leaders take credit for balanced budget, but is it due?", CNN Interactive News, August 1, 1997, An essay by CNN Interactive writer Emily Looney.As we have repeatedly stated in previous articles, our wonderful economy, long the idol and envy of the entire world, is scheduled for total collapse. We will discuss this coming collapse, and the reasons for it, so you can more readily understand what is happening to you now, and what will likely happen to you in the future.
"You can't begrudge our leaders in Washington some gleeful bipartisan boasting about their new balanced-budget agreement and its companion tax breaks. But frankly, it's been a little embarrassing to watch them gloat ... It sounds good to hear them say we're on a five-year track toward the first balanced budget since 1969. It feels good to a lot of people to anticipate the largest federal tax cuts since 1981.
But with the strong economy already helping to push down this year's deficit projections into the $40 billion to $50 billion range, and as the $5.3 trillion public debt grows heedlessly, the new budget begins to look less like a landmark achievement and more like business as usual."
Our economy is very, very complex, and is extremely huge. Like any high performance engine it needs a tune-up from time to time. This job of Econimic Master Mechanic falls to the private institution, the Federal Reserve, controlled by the Illuminati. Since its inception in 1913, the Illuminati has had control of our money supply and our economy, to fine tune and to cause havoc, as the need arose. Remember, the Number One objective of the Illuminati is to create the New World Order. Since this new system is the Kingdom of the New Age Christ, we should expect that he will ultimately control the economy of the world as well as being the Global Absolute Dictator.
Indeed, that is their Plan. But did not the Bible foretell this precise event? Of course, it did. Let us quickly review the prophesied Global Economy, and the total control of it, and of its citizens, by the False Prophet, working on behalf of Antichrist.
"And he [False Prophet] causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name." {Revelation 13:16-17]
The only way in which no person on Earth could be so restricted in their ability to buy or sell is if the economy was global, if cash had been eliminated, and if the global government was dictatorial. We are very close to realizing this goal. However, the global economy has proven to be difficult to achieve, because it calls for a global currency. Citizens become very attached to their currency, viewing it akin to patriotism for their country. If you do not believe me, just look at the battle royal being waged in Europe as they are marching toward a single currency by the year 1999.
The New World Order Plan has an ace in their sleeve, however, and if it is properly played, they can finally achieve their goal of a global economy. This ace in their sleeve is that they control the money supply and the interest rates of each of the economies of the Western World. Thus, they can create wealth and destroy wealth more easily than you can imagine. Also, since their people also control the governments of all the nations of the Western World, they can also control the spending and taxation of all the nations.
Earlier, we spoke of this economy as being huge, and being like a high performance engine that needs constant proper tuneup. Let us examine some statistics as to how huge this economy really is.
Americans lead the world in the wealth of her businessmen.
The number of billionaires per country.
USA 40+
Japan 24
West Germany 13
United Kingdom 7
Hong Kong 6
Canada 6
Saudi Arabia 5
What is the attitude on the part of Americans toward this wealth? One French author stated: "I know of no other country where the love of money has taken stronger hold on the affections of men..." [" Getting Rich In America," Money Magazine, July, 1986, p. 49-53.]
"...The average American has NEVER HAD IT SO GOOD. By almost any measure of health and wealth...we are demonstrably better off now than in the...50's and 60's." [" Do We Live As Well As We Used To?" Fortune, Sept. 14, 1987, p. 32-46.]
Did you know that one of the reasons we Americans can buy so much is because we can afford to buy the best of thegoods from foreign markets? This ability to buy so much from overseas means that we can buy the best of these markets, and that we can force global competition for wages which really drives costs down. This situation enables our dollar to go much further. How much do we buy from Third World nations, who are depending upon exports to lift their countries up to a decent level?
"...The Third World now relies upon the United States to buy 65% of its manufactured exports, compared with only 45% in 1979."7
Country Exports Imports
USA 322 Billion 460 Billion
Japan 265 Billion 187 Billion
W. Germany 323 Billion 236 Billion
This information shows that the USA imports more than both Japan and West Germany combined.
Consider these statistics which show clearly that America is unique in the world's economy.
1. "The international banking system: In 1988, the Clearing House Interbank Payments System showed that the UNIQUE, U.S.-BASED electronic-transfer network in and out of the US, processed 33.9 million international transfers with an aggregate value of $165 trillion..."
[Peter Ross, " The Drug Money Hunt," US News and World Report, Volume 107, No. 8, 8/21/89, p. 22-25.]
2. Compare the wealth of nations in terms of purchasing power parity (PPP). Assign the US an index score of 100...Listed below are the scores of the other nations."
India--PPP 17 Red China--PPP 19 S. Korea--PPP 31
Taiwan--PPP 36 Singapore--PPP 46 USSR--PPP 47
Italy--PPP 54 Hong Kong--PPP 58 Britain--PPP 66
E. Germany--PPP 70 Japan--PPP 77 France--PPP 79
W. Germany--PPP 84 9
[" The Wealth Of Nations," Fortune, Sept. 14, 1987, p. 35.]
The American economy is so multifaceted it is impossible here to fully describe its full dimensions; rather, we just urge you to look carefully at all the merchandise available to us when you go shopping at a mall, or a strip mall, or your grocery store. America today has the finest economy in the entire world. No one else in the world has access to as much stuff as we do, and with the financial ability to buy it, as we do.
Yet, the New World Order Plan calls for all this to come crashing down. This planned crash will accomplish several things: 1) Aid Antichrist in his rise to power, and his consolidation of his power; 2) Destroy all the economies of the Western nations, so that one global economy can replace the many that fell; 3) Destroy the currencies of all the nations of the world, so that one global currency can replace the many currencies that have been ruined; 4) Undermine the confidence of the citizens of all the developed nations, in their own leaders and their own economies, so that the transition to the New World Order will be more easily accomplished.
We will show you that this Plan is very near completion. We will show you that the leaders of our government, including the Federal Reserve Board, have deliberately "tinkered" with our economy so completely that it will soon fail, just as a high performance engine would fail if an extremely good mechanic were to sabotage it. Finally, you will see that this sabotage was done in such a way that, when it happens, no one will think to blame the very leaders they have been trusting for such a long time. Thus, the New World Order maxim will hold true: "Create the problem, then step in with the solution to it, and the people will beg you to rule over them."!!
Our first discussion on this subject will center on Debts & Deficits
-- Public. I can remember the years when President Eisenhower's Administration
regularly ran budget surpluses. However, beginning with the "Camelot Presidency"
of President Kennedy and continuing through today -- a period of almost 40 years
-- we have accumulated public debt at a skyrocketing degree. You can see the
chart of U.S. Government Debt, starting in 1780, below.
"Notice the geometrical gains in US government debt. Remember, this is only on budget debt. Off budget amounts, which include unfunded retirement obligations, would quadruple this figure."
Wow!! That means that our US Government really owes over $20 trillion, instead of only $5.3 trillion, a figure keeping many responsible people sleepless these days. Also, notice that this chart shows that our projected debt level is going to be $13 trillion by the year 2000; if that figure is quadrupled, then it means that we will owe $52 trillion by the year 2000!!
But, we do have a great economy going. How long will it take for such huge
deficits to take this economy down? "Just as with nuclear energy, once
critical mass is attained, the detonation is imminent; so is it also
true with compounded interest growth. Fiscal 1996 still had interest paid
on budget debt to the tune of approximately 25% of total US government
receipts. I believe economic critical mass will be reached when
this figure reaches the 30-40% range. This can occur very easily if interest
rates move up just 2 percentage points (200 basis points), or after the first
year into the next recession."
"Looking at the deficit chart, the trend again is obvious. Have you noticed, over the past couple of years, with the lowering of the
on budget deficit, that there is less concern? Notice how the chart is telling you that it is normal for the budget deficit to come down as the nation pulls out of a recession. Later, the deficit continues up again to new highs as the recovery slows."
"But, with this most recent 'deficit lowering', a nasty trick has been perpetrated on us, to the detriment of the nation later on. The current Administration has increased the percentage of debt toward short-term treasury bills and notes, rather than buying long term bonds. By doing this, the Clinton Administration dramatically lowers the actual interest cost it must pay, since it is cheaper to pay 4-5% on 3, 4 and 5 year notes than it is to pay 6-8% on long term bonds."
"This action should have caused outrage. In the short term, this action makes the budget deficit look better. But, now, all this short term debt has to be refunded much more quickly, since they come due faster, rather than locking it in on the long bond rates. Thus, the interest rate to the United States balloons." This is much like you and I having the interest rate on a credit card suddenly balloon, from say, 5.9% to 24%.
"Most people indicate that they want the Government Budget balanced, unless the cuts significantly affect them. And there is a huge part of the problem. All American citizens receive indirect subsidies from the Government, whether it is through energy, farming, communications, satellites, transportation, or defense, to name just a few examples. What is interesting is that more people than not receive direct subsidies as well. Include all entitlement categories and everything from student loans to housing loans, and you end up with the majority of Americans receiving direct compensation. This is why the serious spending cuts will be unlikely to happen."
Suddenly, I get the feeling of "deja vu"!! If you have not read our article, NEWS1003, 'Compulsory Volunteerism', please do so now, before you read any further. In this article, we showed that Hitler invented the following concepts that our Federal Government has been practicing for the past several decades. Remember our premise: the New World Order of Presidents Bush and Clinton is IDENTICAL to the New World Order of Adolf Hitler! The programs which Hitler used so successfully to move Germany into his New World Order have been wholly adopted by our American Government, without anyone realizing what was happening to them! Since our New World Order leaders wanted to move America into the identical New World Order, they adopted several critical Hitlerian programs.
Consider the following programs we have adopted from Hitler:
* These expenditures involved extensive rebuilding of the nation's roads and bridges, just as President Clinton has done.
* Other programs built hospitals, public buildings, and public housing programs. This should sound familiar, as Presidential Administrations since Lyndon Johnson have spent over $5 trillion in these types of projects. Remember, our path to Fascism in America has been ongoing since the end of World War II. The New World Order is simply a revival of Hitler's Fascism.
* Hitler embarked upon a radical Welfare program that put substantial numbers of Germans on the government dole. In this way, Hitler made these people dependent upon the government, and it convinced the rest of the population that they, too, were at least psychologically dependent as well.
This brings us back to the point made, above!! Our Government programs, which have been initiated in successive incremental stages since President Lyndon Johnson, have made so many Americans dependent upon the Federal Government that now no one wants to support budget cuts which might mean that their part of the Government dole would end. Therefore, even though the shipwreck of our economy is in sight, Americans still keep their hands firmly in the Government cookie jar! As Jim so succinctly states, "Yet they [budget cuts] must happen, the earlier the better." New World Order leaders know human nature and the workings of the human mind far better than we do, and far better than they should. They have cleverly crafted programs that have lofty goals about which no one can argue, which will demonstrably not work, which never have worked; and yet no one has ever gotten mad enough to demand fundamental reform, because it might mean that the subsidy which I am getting might end!
But, the end of this charade is about at hand. "What is not widely recognized or understood are the implications of doing the impossible (making the serious cuts): the hastening of the world wide debt liquidation, which has already begun in Japan. Yes, it's a Catch 22. Soon, even with low interest rates, the carrying costs of the debt burdens, at all levels, will not be able to be sustained by economic growth. Once the [economic] contraction starts in earnest, interest rates will go the opposite of most expectations -- up!!" Of course, when this happens, tens of thousands of people will immediately declare bankruptcy, leaving untold millions of dollars of high interest debt unpaid. Then, these people will instantly lose their ability to charge anything, thus depriving the economy of one of its most important aspects, personal purchasing. This will be a serious blow, since personal purchasing accounts for 65% of the total Gross National Product. Thus, the next part of the scenario will begin to unfold, rapidly.
"As the economy contracts, and profits shrink, Government tax receipts will fall, widening the budget deficit. This happens simultaneously with increased claims to the government for unemployment insurance and other benefits, widening the deficit still more. The default premium will be more and more expensive from lenders as the debt liquidation continues, forcing interest rates even higher. This activity will widen the budget deficit still more. As time progresses, more and more debt will come due, and must be rolled over, at the higher prevailing rates, again widening the deficit that much more." By this time, foreign support for our Government Treasury Notes will have dried up, so that the Government can no longer raise money to finance their exploding deficit.
Of course, when the Federal Government is under ever-increasing duress, with laws on the books demanding payment that the Treasury cannot sustain from tax receipts and other forms of income, someone is going to get the bright idea that the only way to meet the Government's obligations is to start the printing presses rolling, to print more money. Very soon, people will discover that huge amounts of extra money are being printed. This news will immediately cause our economy to implode, beginning with the greatest meltdown of Wall Street we have ever witnessed. Since an historically high percentage of our nation's total wealth has now been drawn into the Stock Market, America will be broke like never before!! Of course, all forms of retirement and investment portfolios will disappear like fog before a hot sun, before anyone can react to pull money out of them.
Our economic destruction will be nearly instantaneous, and it will also cause the economies of all the Western World to self-destruct immediately. Panic will absolutely ensue, but the New World Order planners will have gotten exactly the scenario for which they have been seeking. Out of the destruction of all the economies of the world, will arise the monstrous global economy of the Antichrist. [If you have the interest, you can read a very interesting New Age book, entitled, "Blood In The Streets: Investment Profits In A World Gone Mad", by James Dale Davidson and Sir William Rees-Mogg, Warner Books, 1987, ISBN 9-7804460353168. While this book purportedly offers advice on how to make money in a stock market that is imploding from the stresses we are describing in this article, it also demonstrates that this failure scenario is planned. A most interesting book].
How close are we to this scenario? We are far closer than you would imagine. "If you're wondering how the total Debt Scenario to Economic Output may compare to anytime in the past, the answer is, it is unprecedented!! Looking at the war years isn't realistic, since Government expenditures were for production of goods and services primarily, not transfer payments as they are today. Looking at 1929, total debts, public and private, equaled approximately $50 billion; Gross Domestic Product (GDP) was approximately $100 billion; therefore, total debt equaled 50% of the GDP. Today, in 1997, total debts and obligations amount to $40 trillion. GDP is approximately $7 trillion; therefore, debt is 570% of GDP, nearly 12 times worse today, with total debt to GDP, than in 1929!"
"Because of the enormity of the Federal Debt, roughly $50 billion is added yearly to the debt for each single percentage point (or 100 basis points) raise in interest rates. When interest rates go to just the mid-to-late 1980's levels ... the $350 billion annual interest cost will rocket to $500 billion. The greatest debt liquidation in world history will then have begun on our shores." For further information, please click to the graph " Growth of U.S. Budget Deficits as a Percentage of Federal Receipts, 1960-1992". You can clearly see how our "Economic Mechanic" was tinkering with our economic engine, to make it fail, and fail at just the right time when all other aspects of the New World Order Plan were ready to come to fruition, also.
Certainly, this information concerning the Public Debt is staggering, but it is only one-half of the picture concerning the economic climate of our country today. The other half of the picture is the Private Debt which millions of Americans have accumulated today.
"Look carefully at these charts. (Click to the following charts:)
"As reported on June 10, 1997, by the American Bankruptcy Institute, the number of consumers and businesses filing for U.S. bankruptcy protection continued a dramatic rise, hitting a record 335,073 in the first quarter of 1997. The First Quarter total, the fifth straight quarterly record, was up 26% from 266,149 in the First Quarter of last year, the nonpartisan group noted."
"The Wall Street Journal noted recently that consumers who were having trouble paying back their car loans are becoming bigger problems for the Big Three automakers in the U.S. General Motors Corp., Ford Motor Co., and Chrysler all reported sharply wider credit losses at their financial-services units."
"Consumer debt has expanded dramatically in recent years, now at all time record highs, growing at twice the rate of wage and salary gains. Revolving charge card debt is at an all time high as well, exceeding $1.2 trillion. Household debts as a percent of disposable income is also at an all time high, over 95%. Average family credit card debt is approximately $4,000, another all time high. This figure is 400% higher than in 1985."
"Economists sometimes mention that this is OK, since the interest cost as a percent of disposable income is not an all time high yet. When the default premium jumps due to mounting defaults to lenders, sending rates upward, I'm doubtful this rationale will be mentioned again. Perhaps the most obvious, and yet hidden, sign of true economic decline, is the record percentage of two income families. Despite a combined work week of seventy to ninety hours, many people are still just getting by."
"A 1995 National Opinion Research Council survey showed that only about a quarter of middle class American families has just one wage earner. Indeed, according to the Orange County Register, 'two income families in 1995 earn less than one income family of the 1960's'. Individual liquidity is near all time lows. According to the Federal Reserve, money holdings of U.S. individuals as a percent of total financial assets is down to 17%, compared to nearly 40% in 1973. Household assets as a percent of total financial assets are at a long time low."
"Late payments on credit cards are at the highest rate since the deep recession of 1980-81. A related issue is home equity. Home equity as a percent of home value is at an all time record low. Topping in the 1950's at 77%, it is now only 57%. As the slowdown continues and the demographics move decidedly against homeowners. this figure will only fall more."
"The important issue here to realize is simply this: these things are occurring while we are in 'good times'. We are not in the recession yet. This scenario is entirely consistent with the worldwide debt liquidation scenario." In other words, we have not yet hit the wall yet. Just as the car and its occupants are still speeding without consequence until the instant they actually hit the wall, so are we still spending without consequence until the instant we actually hit the wall. Then, the enormity of the disaster will be total.
The most unhappy part of this scenario is that New World Order economists have carefully, deliberately, set us up for this fall. Remember how we mentioned, earlier, that one of the actions Hitler took was to loosen credit, enabling the Germans to spend, and spend some more? This action enabled him to get the kind of control over the German economy he needed to move the country into the New World Order. We have the same scenario unfolding here, with the same Satanic objective in mind.
When the timing is right, we will suddenly see the deliberate triggering of recession, then panic, and then depression. All stock markets will collapse, all over the world, and all Western Economies will fail. All currencies will suddenly be devalued so quickly they will become worthless overnight. At that moment, only precious metals will have value.
At this moment, the New World Order global economy, with its accompanying dictatorial government, will come completely into reality. But the response of the many peoples will probably surprise you. Rather than resisting mightily these changes, most people will welcome them, because they will see the offer of the Antichrist as the only way to restore calm, financial stability, and peace. Then will the objective of Protocol No. 13 of the Protocols of the Learned Elders of Zion come true with a resounding trumpet call. "They will beg us to rule over them".
The End is very close. Are you spiritually ready? Is your family? Are you adequately protecting your loved ones? This is the reason for this ministry, to enable you to first understand the peril facing you, and then help you develop strategies to warn and protect your loved ones. Once you have been thoroughly trained, you can also use your knowledge as a means to open the door of discussion with an unsaved person. I have been able to use it many times, and have seen people come to Jesus Christ as a result. These perilous times are also a time when we can reach many souls for Jesus Christ, making an eternal difference.
If you have accepted Jesus Christ as your personal Savior, but have been very lukewarm in your spiritual walk with Him, you need to immediately ask Him for forgiveness and for renewal. He will instantly forgive you, and fill your heart with the joy of the Holy Spirit. Then, you need to begin a daily walk of prayer and personal Bible Study.
If you have never accepted Jesus Christ as Savior, but have come to realize His reality and the approaching End of the Age, and want to accept His FREE Gift of Eternal Life, you can also do so now, in the privacy of your home. Once you accept Him as Savior, you are spiritually Born Again, and are as assured of Heaven as if you were already there. Then, you can rest assured that the Kingdom of Antichrist will not touch you spiritually. If you would like to become Born Again, turn to our Salvation Page now.
We hope you have been blessed by this ministry, which seeks to educate and warn people, so that they can see the coming New World Order -- Kingdom of Antichrist -- in their daily news.
God bless you.
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