The Resourceful Bear Blog

Ferguson Oliver relates that zero percent interest rates are on their way. They could be days off in Japan, weeks off in the US and, maybe, months off in the UK.

Earlier this week, former MPC member and extremely illustrious economist, Charles Goodhart, told Channel 4: "Interest rates will go down from now, by how far and how fast nobody knows… They could go to zero. They went to zero in Japan in the 1990s when the Japanese had a recession or depression which went on for a long time and was quite severe."

Then bond marketplace independent of Federal Reserve action declared a defacto interest rate hike: the interest rate on the ten year US Government Note, $TNX, increased to 39.70 ... $TNX

The three month chart of DXKSX, compare to ^tnx, hyg, and iyf reflect the breakdown of trust that occurred between lender and debtor on Septemeber 11, 2008, that is 9-11-2008, when banks discovered they could not sell stock to obtain capital. Clearly a run on the US Treasuries is underway ... DXKSX.

The lack of trust increased even further as the SEC has thrown the fair value rule, and the accountants have withdrawn the mark-to-market standard of FASB 157, and replaced it with mark-to-fantasy assumptions of management: this resulted in a cardiac arrest in lending and a dramatic fall of stock value world wide.

Without trust the worldwide financial system can only breakdown further.

The inevitable world wide financial system collapse when it does occur will be a fulfillment of bible prophecy of Revelation 13:4

1) God provides His Word in 66 books of the Bible; it is Scripture providing trustworthy revelations and promises for one to place faith in Jesus Christ, and to call on His name, and be saved.
The Genealogy of Jesus is found in 42 families in Matthew 1:1-17 where there are 3 groups of 14 families; and 72 in Luke 3:32-38. Of note there were four gentile harlots: Tamar, a victim of incest; Rahab, a prostitute; Ruth, a Moabitess; and Bathsheba, a victim of rape.

Chuck Missler in Hidden Treasures in the Biblical Text, comments on Genesis Chapter 5, relating that God appointed ten patriarchs whose names herald the role, nature and purpose of Jesus:
Adam ... Man
Seth ... Appointed
Enosh ... Mortal
Kenan ... Sorrow
Mahelalel ... The Blessed God
Jared ... Shall come down
Enoch ... Teaching
Methuselah ... His death shall bring
Lamech ... The despairing
Noah ... Comfort, Rest

Putting all the names in sequence we have: Adam Seth Enosh Kenan Mahelalel Jared Enoch Methuselah Lamech Noah. The hebrew translated into English reads: Man Appointed Mortal Sorrow; The Blessed God Shall come down Teaching His death shall bring The Despairing Comfort.

Jehovah made eight covenants with Abraham.

In Leviticus chapter 23 there are 7 feasts which commemorate the important events of Israel's history and are also prophetic, that is a shadow of what is to come, but the substance is Christ. Colossians 2:16-17:

Passover - Points to His death on the cross so that all who have faith in his sacrifice may be "passed over" during God's judgment.

Unleavened Bread - This followed immediately after the Passover. Throughout the Bible, leaven, that is yeast, is used as a picture for sin. To remove all leaven is representative of removal of all sin through the sacrifice of Jesus.

First Fruit - Jesus is the "first fruit of the resurrection" (1 Corinthians 15:20). He is the first to have died and then risen to eternal life.

Pentecost - Celebrated on the first day of the week (7 Sabbaths + 1 day). The Holy Spirit was first poured out on the gathered disciples on the day of Pentecost.

Trumpets - Started on the first day of the 7th month. Trumpets are used as a alert to herald important announcements. This feast points to the second coming of Jesus. In Revelation chapters 8 and 9 we see the trumpets used by God to prepare the way for the return of His Son to the earth.

Atonement - Celebrated on the 10th day of the 7th month where every sin committed by the children of Israel was to be accounted for and removed by sacrifice. This points to the total removal of sin by the sacrifice of Jesus on the Cross.

Tabernacles - Began on the 15th day of the 7th month. The people lived in booths to remind them of the journey through the wilderness, and of the fact that the Messiah would tabernacle amongst us. People cut branches off trees and celebrated and rejoice before the Lord. This points to a time in the new Kingdom, as recorded in revelation 7:9-17, when there will be a great multitude from every nation who have been through the trial and tribulation, will celebrate before the Lord and thank Him for His salvation. It is also recorded in the book of Zechariah that everyone who is left of all the nations will celebrate this feast from year to year, as they worship the Lord at Jerusalem (Zechariah 14:16 - 19).

Thus the feasts of Israel are pointers to the life and work of Jesus throughout all ages.

Under the Old Covenant, God called for Sabbath, that is a day of rest, which was to be observed on a lunar new moon basis; rather than as now celebrated, on a weekly Saturday observance. God says that the people's Sabbaths, and the calling of assemblies, he cannot endure, as they are iniquity. Isaiah 1:13-14.

2) God chooses the schemer and dreamer Jacob to deal with mankind.
God is sovereign; He foresaw and foreknew all; He looked down the "hall way of time", and chose to work through Jacob not Esau. God said "Jacob I love; but Esau I hated". Romans 9:13

God has two kinds of vessels, the first vessel is found in Romans 9:20-23 and the second vessel in Isaiah 51:20 and I Thessalonians 5:9.

God uses these vessels to do his will. Jesus prayed that the Father's will be done. It is being done 24x7 through the faith of Jesus Christ.

Jacob schemed to usurp his older brother's rights and authority. Genesis. 25:20-26.

The older sells his birth right for a bowl of beans. Genesis 25:27-34

The usurper's mother deceives her husband and conspires to have The Blessing given to the underling, who with deceit, takes away the elder's birth right blessing. Genesis 27:11-39

God reaffirms the covenant made with his grandfather Abraham. Genesis. 28:10-15

Jacob confers blessings and prophesies the Lord's coming through Judah. Genesis 49:8-12

Dan prophesied to bear Lucifer's child to rule mankind Genesis. 49:16-18

The tribe of Dan is excluded from the List of Deliverance of Israel. Revelation 7:4-8

Joseph is assigned to have headship over his brothers. Genesis 49:22-26

3) Joseph reveals that his headship was ordered by God for good so that kindness be given unto them. Genesis 50:19-25

4) Joseph prophesies that God will visit his people. Genesis 50:25

5) Ephraim and Manessah are assigned special blessings.
Ephriam and Manessah are adopted by Jacob Genesis. 41:51-52.

I do have to say that just because God may have blessed the European Union, United Kingdom, Britain and the United States, as part of a blessing to Ephriam and Manessah, He may have done so or allowed this as part of His plan to raise up the European Union. and the US as a world power to acquired by the Sovereign and Seignior for their purposes of world domination. Great means powerful, it means domineering; it does not necessarily mean good and beneficial.

Excerpt from pages 385 to 389 of The "Lost" Ten Tribes of Israel...Found by Steven M. Collins as quoted by Servant News describing the doctrine of British Israelism.

Ephraim’s clans formed the backbone of the tribes which united to form the Parthian Empire, while one of the dominant tribes of the Sacae Scythians was the Massagetae (Manasseh). Even as the term "House of Israel" included the rest of the tribes of Israel who remained associated with Ephraim and Manasseh, the term "Sacae" was also applied to the tribes of Israel which were led by Ephraim and Manasseh (Parthia and Scythia) while in Asia.

When the Scythians and Parthians migrated to Europe, the names "SAChse," or "Saxons," ("Saac’s sons") remained upon them as they settled in the British Isles, but this name also remained on some related tribes who stayed on the mainland (i.e. "Saxony" in Germany and "Alsace" in France).

Jacob prophesied that Manasseh "shall become a people, and he also shall be great," but added that Ephraim’s descendants "shall be greater than [Manasseh], and his seed shall become a multitude of nations." Genesis 48:19

With these words Jacob prophesied that Manasseh and Ephraim would receive the blessing of Genesis 35:11 that the "birthright" promises would eventually include "a nation and a company of nations." Genesis 48:19 specifically foretold the descendants of Ephraim (the younger brother) would become the "multitude of nations" while Manasseh’s descendants would become the single great nation.

The modern nations which descended from an Anglo-Saxon heritage are England, the United States of America, Canada, Australia, and New Zealand. These nations have perfectly fulfilled all prophecies about the birthright tribes of Ephraim and Manasseh.

They easily fulfill the prophecy about large population. When you combine the populations of the above modern nations, they are, by far, the most numerous nations of the modern tribes of Israel. They have uniquely fulfilled the prophecy about becoming "a great nation" and a "company of nations." The single great nation is the United States of America and the Caucasian nations of the British Commonwealth (Great Britain, Canada, Australia, New Zealand) are the prophesied company of nations. Therefore, the "birthright" prophecies identify the United States as Manasseh, and the Caucasian nations of the British Commonwealth are identified as Ephraim.

Since Ephraim was to be the "greater" of the two, and received its birthright blessing first, we should expect that Ephraim would receive its inheritance before Manasseh. History fulfilled that expectation. Great Britain rose to international prominence before the United States, and was a major international power for centuries before being replaced by the United States in the post-World War II period.

At its zenith, the British Empire also ruled over many more nations and a far greater geographic area than the United States ever has. For a time, it was true that "the sun never set on the British Empire "because the British Empire ruled much of the world! At its zenith, it ruled over Great Britain, Ireland, Canada, Australia, New Zealand, South Africa, many Black African nations, Egypt, India, Pakistan, Bangladesh, Sri Lanka, Burma, Singapore, Hong Kong, Malaysia, eastern New Guinea, and any islands in Oceania.

It was without question, the most expansive empire in the history of our planet. According to the 1943 Edition of the Encyclopedia Britannica, the British Empire once ruled 13 million square miles of the earth’s land surface. (And that was before British rule was temporarily extended over Palestine, Jordan and Iraq after World War II!) Britain’s navies also controlled much of the world’s sea surface as well. "Britannia rules the waves" was a common axiom in Britain’s glory days. The British Empire inherited the "birthright" promises of controlling the "gate of its enemies" (strategic "chokepoints" such as the Suez Canal, Gibraltar, and the Cape of Good Hope). British ownership of the Falkland Islands controlled access around Cape Horn between the Atlantic and Pacific Oceans, and its colony in Singapore controlled the strategic Strait of Malacca between the Indian Ocean and the South China Sea.

The United States of America (Manasseh) inherited its "birthright" portion after Ephraim had inherited its dominant portion of the "birthright."

6) Jesus the Messiah is born in Bethlehem and The Work of Christ is finished on the Cross.
Micah 5:2; Matthew 2:1; John 19:30; 1 Corinthians 15:3

7) The Church Age unfolds.
Matthew 13; Ephesians 2; Revelation 2-3 The seven churches in the Book of Revelation are representative of the Church Age. John is speaking of seven actual first century churches and of the churches throughout the Church age. There is a likeness between these churches and the periods of church history: Ephesus (30-100 A.D.)

Smyrna (100-313 A.D.) Roman Persecution of the Church, Revelation 2:8.

Pergamum (313-600 A.D.) Age of Constantine, Revelation 2:12. Thyatira (600-1517 A.D.) Dark Ages, Revelation 2:18.

Sardis (1517-1648 A.D.) Reformation of the Church, Revelation 3:1.

Philadelphia (1648-1900 A.D.) “Great Awakening” Missionary Movement, Revelation 3:7.

Laodicea (1900-present day) Apostasy and Lukewarm Church, Revelation 3:14.

8) The Beast System, Sovereign and Seignior rise to rule mankind.
The Apostle John wrote from prison, on The Isle of Patmos about 90 AD, the Revelation Of Jesus Christ, which foretells those things which must shortly come to pass, meaning a series of events that once they begin, fall quickly into place one right after the other. Revelation Chapter 13 tells of three separate beasts which arise to sovereignly, that is authoritatively rule and direct, mankind's activities.

The Bible Prophecy of Revelation 13:1-4 foretells of a sovereign system which directs all of mankind's activities through seven institutions and ten regions of global governance; the regions replace sovereign nations and their constitutions; and institute principles of global governance.

The world's governments will fail in their banking seignority and their currencies will collapse: regional currencies will arise.

The seven heads symbolize mankind’s seven institutions:
1) Finance, Commerce and Trade,
2) Education
3) Body Politic
4) Military
5) Religion
6) Media
7) Science & Technology

The ten horns symbolize ten regions of global governance. These were called for by the Club of Rome in February 1974. The Club of Rome is the premier think tank comprised of approximately 100 global leaders including scientists, philosophers and political advisors which envisioned totalitarian regional governance and a unifying global ethic --a world consciousness to solve interlocking world problems; and it relates this through published material such as 'Mankind at the Turning Point', and 'The First Global Revolution':

"Therefore we have concentrated out efforts in this report on a number of vital worldwide issues whose mastery we consider essential for man's survival and for an eventual transition into sustainable material and spiritual development of humanity."

"If the human species is to survive, man must develop a sense of identification with future generations and be ready to trade benefits to the next generations for the benefits to himself. If each generation aims at maximum good for itself, Homo Sapiens is as good as doomed."

"In order to achieve balance between regions in global development a more coherent regional outlook must be developed in various parts of the world so that the "preferable solutions" will be arrived at out of necessity rather than out of good will... we are talking about a regional sense of common destiny that will find its expression through appropriate societal, economic concepts and objectives... Such a regional outlook will create a "critical mass" necessary for the practical implementation of new and innovative ways of functioning in cultural, economic, and agricultural areas, especially on the rural level."

One of the ten regions of global governance called for is that of the North American continent; and was announced at Baylor University on March, 23, 2005 by the Continent's leaders, Bush, Fox and Martin.

Image Of The Beast Of Revelation 13:1-4; this is the same beast as Daniel 7:7

Click here for detailed image of The Beast Of Revelation Chapter 13 rising from the sea of humanity.

Revelation 13:5-10 tells of a sovereign leader, that is a monarch, who has sovereign power and authority to rule.

The global leader of Revelation 13:5-10 is knowable: scripture gives the information to identify him:
1) Daniel 8:9 And out of one of them came forth a little horn, which waxed exceeding great, toward the south, and toward the east, and toward the pleasant land: a seemingly innocuous leader comes from the North and West, that is he comes from the European Union to Israel.

2) Daniel 8:11 Yea, he magnified himself even to the prince of the host, and by him the daily sacrifice was taken away, and the place of his sanctuary was cast down: he, being Jewish, gains access to Israeli government and the Jewish Temple, takes away Jewish temple sacrifice, exalts himself to the level of the Messiah, and finally makes himself out to be The Messiah.

3) Daniel 8:23 And in the latter time of their kingdom, when the transgressors are come to the full, a king of fierce countenance, and understanding dark sentences, shall stand up: He, being in the lineage of kings, uses this to claim kingship; and he is amongst the world's leading occultists.

4) Revelation 13:18 Here is wisdom; let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six: he is a man whose gematria when decoded, comes out numerically to be 666.

Revelation 13:11-17 tells of a sovereign banker. He is the seignior, meaning, top dog who takes a cut; in modern day terms, an investment banker, in the line of a Charlie Prince or a Robert Rubin or a Tony Brown. He is also the world religious leader and awesome technocrat; he institutes a global seigniorage wealth and commerce system. Seigniorage means top dog bank note system, and as Elaine Meinel Supkis relates in The History of Seigniorage Wealth comes from the Scottish and Bank of England financial system which was devised to maintain the value of currency.

Photo of Treasury Secretary Robert Rubin, Treasury Secretary, and Alan Greenspan, the Federal Reserve Chairman, at a House Hearing in 1995 Photo by Stephen Crowley of The New York Times from the article The Reckoning Taking Hard New Look At A Greenspan Legacy by Peter S. Goodman who said of Alan Greenspan: "And his views held the greatest sway in debates about the regulation and use of derivatives, exotic contracts that promised to protect investors from losses, thereby stimulating riskier practices that led to the financial crisis. For more than a decade, Alan Greenspan has fiercely objected whenever derivatives have come under scrutiny in Congress or on Wall Street.

“What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so,” Mr. Greenspan told the Senate Banking Committee in 2003. “We think it would be a mistake” to more deeply regulate the contracts, he added.

The Resourceful Bear News service relates in article JP Morgan Chase And Its Derivative Position Poses Serious Risk To World Financial Stability that JPM owns over half the derivatives outstanding; the exposure to derivaties is concentrated in the top four US Banks.

The seigniorage system is based upon the "mark" which comes from the Greek word charagma meaning "etching in", or "tattoo upon", or "stamp", or "badge of servitude", which enables one to conduct economic activity, and which authorizes one to receive economic benefits; the mark will be required in order to buy or sell as per David Deschesne writing in A Mark in the Right Hand or in their Forehead, in his explanation of Revelation Chapter 13:16-17. All seigniorage comes and goes through him: all sovereign wealth funds, and banks report to him. Commercial, regional and money center banks are gone. There is no national sovereignty, as sovereign nations and their constitutions are history, as principles of global governance working through regional economic and security pacts or agreements exist; and these serve as the basis for regional currencies. Unified regulation of banking globally serves as the basis for commerce trade and investment.

Elaine Meinel Supkis writes "The Derivatives Beast doesn't want more Japan carry trade loans. He wants real money. And this means getting the major governments of the world to feed him real meat and potatoes: future taxes, the wealth of empires".

I say that the Derivative's Beast can never be satiated. Once there is a total worldwide financial system breakdown, and currencies, other than gold are totally burned out, then the Beast will call for the soul of every man, woman and child.

Then the mark, that is the charagma, of Revelation 13:17, will be introduced by the coming world banker, who is also the chief religious leader, that is the Seignior of Revelation 13:11-17: "And that no man might buy or sell, save he that had the mark, or the authority of the beast, or the currency of his name."

The following news events reveal the fulfillment of Bible prophecy:

In 1913, the 'Federal Reserve Act' was passed, creating the 'Federal Reserve System'.

In 1935, the reverse side of the 'Great Seal of the United States' with the All Seeing Eye of Providence above the pyramid appeared for the first time on the back of the one dollar U.S. dollar bill.

In 1944, the 'Bretton Woods Agreement' was signed, outlining a regime for the post World War II world economy.

In 1945, the United Nations was founded.

In 1954, the Bilderberg Group was founded.

In 1957, the European Economic Community, the European Common Market, was formed, which in 1992 changed its name to the European Union. Currently, the EU has 27 member states, 15 of which use a common currency, the Euro.

In 1963, the 'Codex Alimentarius Commission' was established by the Food and Agriculture Organization and the World Health Organization, later to be backed by the 'World Trade Organization'. Codex Alimentarius, Part 1 of 5, is an attempt to overturn existing US laws in favor of pharma-friendly international trade rules. Codex is a threat to human health, human rights, true democracy and national sovereignty.

In 1973, David Rockefeller organized the 'Trilateral Commission'.

1n 1974, The 'Club of Rome' issued a report entitled the "Regionalized and Adaptive Model of the Global World System," which proposes that the 'world be divided into ten regions'.

In 1995, the United Nations' International Trade Organization's, ITO, General Agreement on Tariffs and Trade, GATT, group was renamed the World Trade Organization, WTO.

In September 2001, it is alleged that al-Qaeda terrorists hijacked airliners and attacked the World Trade Center towers and the Pentagon. A Homeland Security authority is legislated and a War On Terror begun.

The US Government countered the pain of the terrorist attacks and the dotcom bubble bust pumped air into the next bubble, that is the housing bubble. The Bush administration pushed two big tax cuts, and the Federal Reserve, led by Alan Greenspan, slashed interest rates to spur lending and spending.

Low rates kicked the housing market into high gear. Construction of new homes jumped 6 percent in 2002, and prices climbed. By that November, Greenspan noted the trend, telling a private meeting of Fed officials that "our extraordinary housing boom . . . financed by very large increases in mortgage debt, cannot continue indefinitely into the future," according to a transcript.

The Fed nonetheless kept to its goal of encouraging lending and in June 2003 slashed its key rate to its lowest level ever -- 1 percent -- and let it sit there for a year. "Lower interest rates will stimulate demand for anything you want to borrow -- housing included," said Fed scholar John Taylor, an economics professor at Stanford University.

The average rate on a 30-year-fixed mortgage fell to 5.8 percent in 2003, the lowest since at least the 1960s. Greenspan boasted to Congress that "the Federal Reserve's commitment to foster sustainable growth" was helping to fuel the economy, and he noted that homeownership was growing.

There was something very new about this particular housing boom. Much of it was driven by loans made to a new category of borrowers -- those with little savings, low income, checkered credit and even unverified information. Such people did not qualify for the best interest rates; the riskiest of these borrowers were known as "subprime" and Alt-A who obtained pay option ARM mortgages. With interest rates falling nationwide, many subprime loans gave borrowers a low "teaser" rate for the first two or three years, with the monthly payments ballooning after that.

Government-chartered mortgage companies Fannie Mae and Freddie Mac, encouraged by the Bush administration to expand homeownership, also bought more pools of subprime loans.

One member of the Fed watched the developments with increasing trepidation: Edward Gramlich, a former University of Michigan economist who had been nominated to the central bank by President Bill Clinton. Gramlich would later call subprime lending "a great national experiment" in expanding homeownership.

In 2003, Gramlich invited a Chicago housing advocate for a private lunch in his Washington office. Bruce Gottschall, a 30-year industry veteran, took the opportunity to pull out a map of Chicago, showing the Fed governor which communities had been exposed to large numbers of subprime loans. Homes were going into foreclosure. Gottschall said the Fed governor already "seemed to know some of the underlying problems."

On January 31, 2006, Greenspan, widely celebrated for steering the economy through multiple shocks for more than 18 years, steps down from his post as Fed chairman.

Bernanke became Federal Reserve Chief and two weeks into the job, he testified before Congress that it was a "positive" that the nation's homeownership rate had reached nearly 70 percent, in part because of subprime loans.

President Thomas Jefferson said in 1802: "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

On October 1, 2002, U.S. Northern Command, NORTHCOM, was established by Defense Secretary Donald Rumsfeld, as a military command authority tasked with anticipating and conducting homeland defense and civil support operations where U.S. armed forces are used in domestic emergencies; thus establishing a bloodless military coup.

On October 2, 2002 Deputy Defense Secretary Paul Wolfowitz called the activation of U.S. Northern Command "historic" and said the new command is charged with "the momentous responsibility to help deter and defend against attacks on America's home soil."

In 2004, the Independent Task Force on North America, a project organized by the Council on Foreign Relations, CFR, proposes the establishment by 2010 of a North American economic and security community, generally referred to as the North American Union, the NAU.

On March 23, 2005, the Security and Prosperity Partnership of North America, the SPP, was announced at Baylor University, effecting an economic, political and investment coup.

Frameworks -- Leader's Agreements, neither treaties nor constitutions, now define and specify working relationships between nations and peoples; The SPP, is one such Framework Agreement.

Presented below is a photo from the Baylor University web site showing Condoleezza Rice And George Bush as they were greeted by Baylor University's Robert B. Sloan Jr. and members of his staff immediately prior to the announcement of the SPP.

Mr. Sloan said: "It is an honor for Baylor University to host the leaders of the United States, Canada and Mexico," and he continued: "Here at Baylor, we want to teach our students to serve. Baylor today had the opportunity to serve on behalf of our country and the world, and it is a tremendous privilege for Baylor to host this trilateral meeting."

The Security And Prosperity Partnership provides state corporate rule to deal with systemic risks -- systemic failures such as debt guarantor insolvencies, and outbreak of pandemic disease, such as avian influenza, as mentioned in the Leader's Joint Statement of March, 31, 2006 in Cancun, Mexico.

The photo below is of President George Bush with Robert J Stevens of Lockheed Martin and other business leaders in a March 2006 Security and Prosperity Partnership "Progress Meeting" held at the Cancun Summit.

Canada's Stephen Harper, spoke before the Economic Club of New York, where he related the need for a continental response to oversee threats to the continent's security and prosperity.

The think tank, Council on Foreign Relations, CFR, has called for Regional monetary integration; Andrew G. Marshall writing in a GlobalResearch.ca article sees this resulting the use of a continental currency, i.e. the Amero.

On October 21, 2008, Craig Torres and Christopher Condon in Bloomberg article 'Fed To Provide Up To $540 Billion To Aid Money Funds' relates: "The Federal Reserve will provide up to $540 billion in loans to help relieve pressure on money-market mutual funds beset by redemptions.

``Short-term debt markets have been under considerable strain in recent weeks'' as it got tougher for funds to meet withdrawal requests, the Fed said today in a statement in Washington. A Fed official said that about $500 billion has flowed since August out of prime money-market funds, which with other money-market mutual funds control $3.45 trillion."

Note that the money provided by the Money Market Investor Funding Facility, MMIFF, is a "loan"; it is not a grant. In reality because most of the money market funds have taken out insurance and many will avail themselves of this "loan", and given that nine banks have been nationalized, and the insurance company AIG has been loaned money, and Freddie Mac and Fannie Mae have been nationalized, this represents an "integration of money market funds" into the US Government.

The nationalizations are a fulfillment of bible prophecy of Revelation Chapter 6:1-2 where the first of four riders of the Apocalypse goes forth globally on a white horse in bloodless economic and political coup conquest.

The loan comes with cost other than interest, that being administrative ownership, that is control, of trillions of dollars by the Federal Reserve. The word, will and way of Ben Bernanke is now sovereign over all money market funds in the United States. Not only is the Federal Reserve the Bank of Banks which was achieved by the provision of dollar swaps, emergency lending, rate reductions, and facilities of TARP and CPFF, it is now the 'Monetary, Credit and Investment Authority' over America through its "loans" to money market funds. This effects a stunning economic and political coup that has replaced Milton Friedman neoliberal laissez faire capitalism with a state-corporate seigniorage wealth system, which controls investment and lending. Seigniorage means top dog bank note system; and comes from the Scottish and Bank of England financial system which was devised to maintain the value of currency as describe in Elaine Meinel Supkis Money Matters Blog article 'The History of Seigniorage Wealth'.

Default on the loan, which is inevitable, means that the wealth of the money market accounts will be not only rented out to but owned by the Federal Reserve.

Americans are enslaved, yes made slaves to the credit default swaps and other derivatives at AIG and Lehman Brothers, this is termed the Derivatives Beast, the housing debt of nationalized Freddie Mac and Fannie Mae, the highly leveraged CDO debt of the TARP facility, and the commercial paper debt of CPFF.

And now they are made slaves to pay back the money market fund loans. Elaine Meinel Supkis in Financial Black Holes relates: "Modern capitalist banking systems create increasing DEBT and not increasing wealth!" And she relates, "The desire is for all systems to be over 100% in debt!"

Americans are now totally sold out: their task masters are Ben Bernanke and Hank Paulson their Goldmanite banking stakeholders.

Ms. Supkis' in article 'End The Fed Demonstrations November 22', relates: "The rabbit is out of the magician's hat. The cat is out of the bag. Even the dimmest wits in America are figuring out two things: the bankers are really socialists but are exclusionary socialists. Namely, they want money to be created and handed to them, not to us. They want to use us as collateral. Ask any banker if money can be lent at cheap with no collateral. They will laugh maliciously.

No, to get those cute 1% loans, you need to put up some collateral. And the true collateral here is the US taxpayers and everything they own. Note the top story. All our collective and individual wealth can be suddenly seized. Since the bankers and their buddies own our political system, they will get whatever they need.

The other fact the US public has become dimly aware is, they will NOT be bailed out with this magic money. They will have to pay a price and a steep price. If they ARE bailed out with funny money, this will be extracted in less than five years just like the Bush tax cuts, via inflation of food, fuel and other necessities.

Since there is a lot of propaganda from kindergarden on up poured into brains to convince US citizens that we are NOT an empire, it is hard for voters to understand the profound loss of sovereignty and international muscle the US has suffered during this last 8 years of wild misspending, wild debt accumulation and wild military expansionism."

The bailouts so far total $2.25 Trillion. Mark Landler and Eric Dash Published in October 15, 2008, International Herald Tribune article Drama - And Conflict - Behind The $250 Billion Banking Deal report that the bail outs so far come in at $2.25 trillion!

The bailouts will fail to resolve global financial place instability; the lending gridlock will continue, and liquidity will continue to evaporate from the system. The result will be a world wide financial system breakdown.

The world entered into Kondratieff Winter on 08-08-08. This means death, not growth; and that reality is the ever increasing investment knowledge, ethic and directive, amongst the world's currency, commodity and stock traders, causing disinvestment from commodities, stocks, bonds and currencies.

And the awareness of risk of investment loss increased on September 11, 2008, that is 9-11-2008, there was a cardiac arrest in lending when the banks discovered they could not sell stock to raise capital. Trust between lender and debtor completely broke down, and a lending gridlock, that is, a credit gridlock ensued, and the US Stock markets and the world stock markets fell lower on an unwinding yen carry trade which took commodities lower, and the US Dollar higher.

The lack of trust increased even further as the SEC has thrown the fair value rule, and the accountants have withdrawn the mark-to-market standard of FASB 157, and replaced it with mark-to-fantasy assumptions of management.

Without trust the worldwide financial system can only breakdown.

The inevitable financial collapse when it does occur will be a fulfillment of bible prophecy of Revelation 13:1-4; specifically Revelation 13:3.

Evidence suggests that there will be a declaration of martial law in response to the coming financial system breakdown:
Sen. Warner Supports Domestic Use of Military by David Swanson of GlobalResearch.ca

Top International Military Officials Meet In Adirondacks

The Soon Coming Martial Law Will Be Managed By NORTHCOM'S JTF-CS

How Near Is Martial Law

Bush Paves The Way For Martial Law

Army Combat Team To Train For Homeland Scenarios Under NorthCom

NORTHCOM Gives Approval For Canadian Armed Forces To Provide Gustav Disaster Relief Services In Louisiana

Soon Coming Enforcement Of The Security and Prosperity Partnership Places Ones Investments At Risk

9) The Persecution of The Saints and The Campaign of Armageddon.
An end time persecution is coming to God's children. Revelation 12:12-17

God promises sanctuary to a small number of saints in Revelation Chapter 12:14. It will be a place where the Sovereign and his armies will be unable to penetrate; a select few will find safety there for 42 months, that is for three and one half years; whereas the rest of God's children will be ruthlessly and successfully hunted down by the coming world king.

If anyone is destined for captivity, to captivity he goes; if anyone kills with the sword, with the sword he must be killed. Here is the perseverance and the faith of the saints. Revelation 13:10

In order to find God's deliverance, one should watch and pray always that one might be accounted worthy to escape all things that are coming, and stand before the Son of Man. Luke 21:36

One's fate is all a matter of the Election of Grace.

The Sovereign rules with a strong hand; but it being a multi-polar world, is opposed by forces from the North, East, and South. Isaiah 63:1-6; Daniel 11:40-43; Joel 3:1-2, 9-17; Zechariah 12:8-14; Revelation 14:14-20; 16:12-16; 19:11-21

The prophet Daniel wrote that the EU US World Governor, the Sovereign, will meet his doom on plain of Megiddo: "But rumors from the East and from the North will disturb him, and he will go out with great wrath to destroy and annihilate many. "He will pitch the tents of his royal pavilion between the seas and the beautiful Holy Mountain; yet he will come to his end, and no one will help him. Daniel 11:44-45, and Revelation 16:12-16

10) The Second Coming of Christ
Isaiah 63:1-6; Ezekiel 20:33-44; Daniel 2:44-45; Psalms 2:7-9; 96:13; 98:9; Matthew 24:29-30; Romans 11:26-27; 2 Thessalonians 1:7-10; Revelation 19:11-16

Christ, accompanied by the Church, will at this time set up the promised Davidic Kingdom on earth, replacing and bringing to an end, forever, the “Times of the Gentiles,” with its corrupt political rule (Daniel 2:44).

11) Satan Bound and Confined
Revelation chapter 20 gives a clear picture of the binding of Satan in the abyss. Because of his banishment war on earth will cease, righteousness and peace will cover the earth with the reign of Christ as King over all the nations.

12) The Judgment of the Nation Israel and The Judgment of the Gentiles
The Judgment of the Nation of Israel
Ezekiel 20:34-38; Zechariah 13:1-2; Malachi 3:2-5.

The Judgment of the Gentiles
Zechariah 14:1-9; Matthew 25:31-46

13) Resurrection of Tribulation Saints and the Old Testament Saints and The 1000 Year Rule and Reign of Jesus Christ.
Isaiah 26:19-21; Daniel 12:1-3; John 5:28-29; 2 Corinthians 15:23; Revelation 20:4-6
This resurrection occurs at Christ’s Second Advent to earth (1 Corinthians 15:23). It entails all the Old Testament saints and those believers who, during the Tribulation Period, lost their lives because of their faith (Revelation 20:4-5). They will join the Church and reign with Christ on earth during His glorious Millennial rule.

Isaiah 65:19-25; Jeremiah 30:19-20; Ezekiel 36:33-38; Zechariah 8:20-23; 14:16-21; Revelation 20:1-7
The Millennial reign of Jesus Christ, a future 1000 year period when the earth is placed under His direct rule, is a time when peace and righteousness will reign here on earth. Christ will rule over the nations of the earth with “a rod of iron” (Revelation 19:15) and “nation will not lift up sword against nation and never again will they learn war” (Isaiah 2:4). Christ, the Son of David, will reign over His Kingdom from His father David’s throne in Jerusalem, fulfilling the Davidic covenant through which Israel was promised a Throne, King and Kingdom, forever (2 Samuel 7:4-16).

14) Marriage Supper of the Lamb .. The Wedding Feast
Matthew 8:11; Luke 13:28-29; Luke 22:16-18, 29-30; Revelation 19:7-9; 2 Corinthians 11:2; Revelation 19:7-9
We have seen that the “Marriage of the Lamb” is an event that has reference only to the Church and takes place in Heaven. The “Marriage Supper” of the Lamb is an event that takes place on earth after the Second Advent of Christ. Though the two events are closely related, they are separate events, just as the wedding ceremony and the wedding reception of our day are separate events. Those who are invited to attend the marriage supper on earth are all the Old Testament saints and the Tribulation saints, both mortal and resurrected, after Christ’s Second Coming. There are New Testament passages that speak of Christ eating and banqueting in the kingdom which may be references to the celebration related to the Marriage Supper of the Lamb. These passages imply that the celebration of the marriage supper begins in the millennial kingdom: Matthew 8:11; Luke 13:28-29; Luke 22:16-18, 29-30.

15) The Loosing of Satan and The Last Revolt
Revelation 20:7-10
Satan must be loosed for a little while from his thousand-year imprisonment (Revelation 20:7-10). This must complete the grounds for divine judgment against this great fallen angel. Those who had been left over from the Battle of Armageddon who lived in the peace and glory of the Kingdom are deceived, and they go on rebellion only to be destroyed by Christ.

16) The Doom of Satan
Revelation 12:7-12, 20:1-3, 20:10-15
Satan has already been judged at the cross (John 16:11). He is to be banished from accessing Heaven, where he accuses Believers before God, being thrown down to the earth during the time of the Tribulation (Revelation 12:7-12). After the tribulation he is imprisoned, bound and cast into the abyss for the duration of the Millennium (Revelation 20:1-3). The final doom which ends Satan’s career is when he is cast into the never ending torment of the Lake of Fire and Brimstone, where the Sovereign and the Seginior-False Prophet are consigned, along with all who have not believed the Word of God throughout the history of the earth.(Revelation 20:10-15).

17) The Passing of The Present Earth and Heaven
Isaiah 65:17; 66:22; Hebrews 1:10-12; 2 Peter 3:3-13; Revelation 20:11; 21:1
This present earth is to be purified after the final rebellion which closes the Millennium. The earth is to be purified through burning, because the earth has become polluted with sin.

18) The Great White Throne Judgment
Revelation 20:12-15; 21:8; 22:10-15
All unbelievers throughout the history of the earth will face a final judgment. They are to be raised from the dead after the Millennial period and will be judged according to their works, then to be committed to the Lake of Fire, which is the second death.

19) The Creation of a New Heaven and a New Earth
Isaiah 65:17-19; 2 Peter 3:13-14; Revelation 21:1 - 22:5
The New Heavens and the New Earth will be formed after this present Earth burns up and is purified. This is the LAST and final part of God’s eternal plan for mankind. All the redeemed, saved, of all the ages will be there! This will be the ultimate in glory, reigning forever with Christ in a New Heaven and a New Earth.

Special Topics
The Third Jewish Temple
Daniel 9:27; Matthew 24:15; 2 Thessalonians 2:3-4; Revelation 11:1-2

The One-World Government that is the Beast System (Revelation 13:1-4), with its Beast Ruler (Revelation 13:5-10), and Beast Banker, False Religious Leader and Prophet (Revelation 13:11-17), all tied together by the Derivatives Beast.
Daniel 7:23

The Ten Kingdoms
Daniel 7:24

The Apostasy
2 Thessalonians 2:3

The Revelation of the Antichrist
Daniel 7:24; 2 Thessalonians 2:1-3

The Seven Year Covenant
Daniel 9:27; Isaiah 28:14-22

Peace and False Security
1 Thessalonians 5:1-3

The Tribulation
Jeremiah 30:7-10; Daniel 2; 9:24-27; 11:40-43; 12:1;2 Thessalonians 2:4; Revelation 6-19

The First Half of the Tribulation
Matthew 24:4-14; Mark 13:4-13; Luke 21:8-19

The Gog and Magog Invasion of Israel
Ezekiel 38-39

The Great Tribulation
Daniel 7:25; Matthew 24:15-28; Mark 13:14-23; Luke 21:20-24

Keywords
new world order, newworldorder, greatsealoftheunitedstates, sealoftheunitedstates, antichrist, clubofrome, last days, end times, nwo, king of the north, kingofthenorth, bear of the north,

Julie Creswell and Ben White of the New York Times in article 'The Guys From Government Sachs' document the bloodless political and economic coup effected by Hank Paulson to overthrow the neoliberal laissez faire capitalism established by University of Chicago professor Milton Friedman and have substituted state capitalism, that is is state corporatism, which is now providing framework agreements and stakeholders to rule in global governance principles of security and prosperity.

Now the Federal Reserve replaces the private sector in lending. It has become the Bank of Banks and engine of lending and liquidity, and is endeavoring to provide financial stability: it will fail as there is no dependable valuing of assets, since the SEC has thrown the fair value rule, and the accountants have withdrawn the mark-to-market standard of FASB 157, and replace it with mark-to-fantasy assumptions of management.

There have been many think tanks that have provided the deafening, reverberating echo-chamber economic policies of laissez faire capitalism, that have taken the world off the gold standard, and provided ruinous free trade, floating currencies, Bank of Japan 0.5% yen carry trade currency trading, the expansion of credit, the repeal of the Glass Steagall Act, and irresponsible trade and governmental spending deficits.

The premier destabilizing think tanks have been The Cato Institute, the Heritage Foundation, as well as the Hoover Institution, referenced in the Wikipedia coverage of Milton Friedman: these have been full blown agents of Reality Control.

They came forth with Good Think and rallied disingenuously for values such as liberty, freedom, independence and peace, and the good of the people. These organization's policy statements and political actions have been those of Doublethink and Newspeak, with the result that left is right, down is up, wrong is right, and error is policy.

On September 11, 2008, that is 9-11-2008, there was a cardiac arrest in lending when the banks discovered they could not sell stock to raise capital. Trust between lender and debtor completely broke down, and a lending gridlock, that is a credit gridlock ensued, and the US Stock markets and the world stock markets fell lower on an unwinding yen carry trade which took commodities lower, and the US Dollar higher.

The cardiac arrest in lending provided the opportunity for the Goldmanites to effect their economic and political coup.

Lyndon LaRouche provides alternative economic policies with his statements on Repercussions And Alternatives To World Financial Crisis, The Bailout, A New Financial Architecture, A New Bretton Woods, Change The Institutions, We Need A Credit System; Not a Money System.

And Mr. LaRouch suggests Shut Down the Derivatives Markets To Save Civilization; and states that the Planet Needs A New Financial Architecture.

Elaine Meinel Supkis relates that the nationalization of banking and housing coup effected by the Goldmanites is a sovietization of power which results in socializtion of losses to the public and privatization of profit to wealthy in her article 'Joe the Poor Plumber And The Bank Rescues That Kill Him' where she relates: "AIG is now running in circles trying to avoid being arrested for fraud, grand larceny and treason. Send them to China to be punished! And dear readers, those of you who hate socialism, read today's posting very carefully. The Rich LOVE socialism for themselves and intend to make you all pay for all this AIG-style socialism while you get nothing in return except a lifetime of debt. This is called 'peonage' or 'serfdom', not freedom". Yes she has it right all the bailouts and facilities of the Fed result in enslavement of Americans and the world to the debt and derivatives of Wall Street, where its bankers now rule as overlords and taskmasters.

Ms Supkis continues: Joe the Plumber is this foolish young man who thinks black men are at fault for his frustrations, he thinks socialism will kill him. Yet he is drowning in debt. He keeps piling more and more debt on his home rather than pay it off like his father probably did. He has precarious or even no health insurance. He can't pay his taxes and is in arrears. I feel sorry for the poor sap. For his power has not been sapped by socialists, it has been sapped by the ruling elites who want to drive this fool into slavery!

Personally, I am looking for sanctuary. The Lord has promised it to a small number of saints in Revelation Chapter 12. It will be a place where the Sovereign and his armies will be unable to penetrate; a select few will find safety there for 42 months, that is for the three and one half years leading up to the Battle of Armageddon; whereas the rest of God's children will be ruthlessly and successfully hunted down by the coming world king. There will be only two Christians outside of this refuge of safety: the two men in black, that is the two witnesses referenced in Revelation 11:1-14.

In order to find sanctuary, I watch and pray always that I might be accounted worthy to escape all things that are coming, and stand before the Son of Man.

I believe in the bible prophecy of Revelation Chapter 13 which foretells that a Beast System is rising from the sea of humanity, together with a Sovereign, that is a world ruler, and a Seignior, meaning top dog who takes a cut, that is a world banker, to rule mankind.

The beast system is foretold in Revelation 13:1-4. Here is an artist's rendition of the seven institution led, world wide oligarchy, that is, beast system. This monster is spread out world wide: it occupies all the ten world regions as proposed by the Club of Rome in February 1974 as documented in the footnote 1. The North American Continent was established as one of these ten regions as documented in footnote 2. I call it CanMexAmerica.

A one world ruler is held forth in Revelation 13:5-10; his word, will and way will rule the nations; there will be no national sovereignty.

And a one world banker, who also acts as world religious leader, is described in Revelation 13:11-17; he will lead a global monetary authority, which will provide unified regulation of banking globally; he will install a global seigniorage wealth and commerce system (footnote 3); he will have the authority to settle payments on all debts and derivatives; as economic conditions worsen all wealth will be rented out to him.

Soon there is coming a total worldwide financial system breakdown, and in several years, once currencies are totally burned out; then the Seginior will demand that all take the charagma, meaning mark, or stamp, or tattoo upon, or ethching in, or badge of servitude, (footnote 4), prophesied in Revelation 13:17: "And that no man might buy or sell, save he that had the mark, or the authority of the beast, or the currency of his name."

Footnote 1: The Club of Rome made the call for regional governance in February 1974.
The Club of Rome is the premier think tank comprised of approximately 100 global leaders including scientists, philosophers and political advisors which envisioned totalitarian regional governance and a unifying global ethic --a world consciousness to solve interlocking world problems; and it relates this through published material such as 'Mankind at the Turning Point', and 'The First Global Revolution':

"Therefore we have concentrated out efforts in this report on a number of vital worldwide issues whose mastery we consider essential for man's survival and for an eventual transition into sustainable material and spiritual development of humanity."

"If the human species is to survive, man must develop a sense of identification with future generations and be ready to trade benefits to the next generations for the benefits to himself. If each generation aims at maximum good for itself, Homo Sapiens is as good as doomed."

"In order to achieve balance between regions in global development a more coherent regional outlook must be developed in various parts of the world so that the "preferable solutions" will be arrived at out of necessity rather than out of good will... we are talking about a regional sense of common destiny that will find its expression through appropriate societal, economic concepts and objectives... Such a regional outlook will create a "critical mass" necessary for the practical implementation of new and innovative ways of functioning in cultural, economic, and agricultural areas, especially on the rural level."

Footnote 2: North America is one of of the ten regions of global governance called for.
This region of global governance was announced by George Bush, Vincente Fox and Stephen Harper at Baylor University on March 23, 2005; this triumvirate committed the continent to global principles of security and prosperity as provided in the Security and Prosperity Partnership of North America, the SPP. The leaders called for initiatives of a continental economic congress, and supra regulatory body, that being the North Amrican Competitivenss Council, the NACC, to be supported by Working Groups and Stakeholders who work in harmonizing the institutions and regulations of once formerly sovereign and independent nations into a homeland for the continent's peoples.

The Canadian think tank, Frazer Institute, makes a case for The Amero as the North American Continent's Currency relating: "In sum, the alternative methods for creating the benefits of a monetary union have a number of defects and basically are inferior substitutes. If a Canadian consensus emerges that flexible exchange rates are to blame for many of the country's economic ills, monetary union is the preferred alternative institutional arrangement".

Footnote 3: Seigniorage means top dog bank note system.
Seigniorage comes from the Scottish and Bank of England financial system which was devised to maintain the value of currency, The History of Seigniorage Wealth by Elaine Meinel Supkis, February 7, 2008 Money Matters Blog.

Footnote 4: Charagma is described by David Deschesne Editor, Fort Fairfield Journal.
The article A Mark in the Right Hand or in their Forehead, Fort Fairfield Journal, July 6, 2005 provides an explanation of Revelation Chapter 13:16-17.

Keywords
currencyofhisname

State corporate rule was rejected by both the currency traders and the stock investors today
Gaius Marius relates in article Dictatorship Of The Treasury relates that the banking system is being nationalized piecemeal and that the facility of TARP is nationalization of the financial system.

I say that the announcements of our leaders Ben Bernanke and Hank Paulson relate a political and economic coup, for the purpose of establishing state capitalism, that is state corporatism.

John writes in The Beast Arises Through Economic Crisis: "By using monetary inflation as a sapping device, the FED is knocking down the few federalist pillars that, at least in theory, separated the various layers of government. It is also preparing to nationalize key segments of the commercial economy. All of this is being done through the FED’s New Deal era “emergency powers” to extend “credit” to any entity it chooses, whether governmental, commercial, or “public-private partnership.”

The revolution of 1913-1933, which inflicted the Federal Reserve, income tax, and the New Deal apparatus upon the United States, left us with a system Mussolini described as a “corporate state,” more commonly known as Fascism.

Admittedly, the American version was milder than most, at least domestically. The Revolution of 2008 is consolidating the elements of that system into a monolithic, unitary State of the sort Lenin and his heirs would applaud.

The creation of the Federal Reserve in 1913 was a partial enactment of the fifth plank of the Communist Manifesto, which called for creation of “a national bank with State capital”; last week, with the creation of a de facto economic dictatorship under the Secretary of the Treasury, Congress implemented the other key element of that plank, “centralization of credit in the hands of the state.”

Approval of the new economic dictatorship was the irreducible purpose of the so-called Economic Stabilization Act, which — true to the measure’s pedigree of grandly named government interventions — has summarily failed to stabilize the economy.

The $700 billion disbursed by the bill was a trifle, in light of the magnitude of the debt flood to be “bailed out” and the ability of the FED to create what it’s pleased to call “money” in any amount it chooses. But that relatively trivial amount was enough to create a constituency for the bill not only on Wall Street, but also in statehouses, city halls, and wherever else the Horseleach’s Daughters convene.

With both the corporatist and political elements of the parasite class enlisted to support the revolution, all that remained was the neutralize the productive class — the common people, who found ourselves on the bad end of what the reliably perceptive Chris Floyd calls “one of the largest single redistributions of wealth since the Bolsheviks seized power in Russia in 1917.”

Unanimity is, almost without exception, a bad thing in politics. The near-unanimity of the electorate in rejecting the Wall Street “bailout” measure is one of those incalculably precious exceptions. In the teeth of this near-unanimity, Congress — led by the Senate, supposedly the more deliberative chamber — took the rejected bill, an austere 3-page Enabling Act for the economic dictatorship, plumped it up with several hundred pages of bureaucratic boilerplate and undisguised pork, and passed it four days later.

Bribing a Congressman is generally about as challenging as seducing Catherine the Great. Getting the institution to surrender its institutional control over the public purse was a bit more difficult. Some Congressmen — well, at least one, perhaps two or three others — recalled their duty to their constituents, as well as their constitutional mandate to control the public purse, and held fast. Many others opposed the Enabling Act/Plutocrat Bailout because of simple terror over the prospect of immediate unemployment.

But in this case, bribery was coupled with undisguised official terrorism — the use or threatened use of violence to achieve a radical change in the political system.

As Brad Sherman, a Democratic Congressman from California, testified in a remarkable address on the House Floor — an address the likes of which will soon be punishable as sedition — that representatives of the Regime candidly informed recalcitrant congressmen that refusal to pass the Enabling Act would result in nothing less than “martial law in America.”

The problem with that explanation, of course, is that the Bush Regime is actively preparing for martial law. So is the German government. So is the British government. Most likely, so are other governments throughout the Euro-Zone, and everywhere else central banks are still coupled to the rapidly disintegrating dollar.

There is no way we can honestly construe the comments reported by Rep. Sherman as anything other than a legitimate, credible threat to accomplish, through a coup de main, what Congress was being ordered to do: Surrender its power over the purse to an executive branch department that is an appendage of Wall Street".

I relate that laissez-faire capitalism is dead. The Milton Friedman neoliberal free-market ideology that enabled securitization of auction rate securities, CDOs, subprime mortgages, and monoline bond insurance, is history. The age of financial neoliberalism, whose claim was that modern global financial markets would provide for stability and growth, is over. The University of Chicago Professor's policies have only resulted in destabilizing speculation, spectacular asset deflation, runaway product price inflation, and enslavement of Americans to debt and the taskmasters of government and banking.

The currency traders, with funding coming from 0.5% interest loans from the Bank of Japan, sold the EUR/JPY short, inducing those invested in stocks to sell ... FXE:FXY

And for short sellers, it was like shooting ducks in a pond; it was simply "click and shoot" to amass amazing returns. But beware, those who play with fire and financial alchemy, often get burned badly. There could come a liquidity run where brokerages globally will shut down without warning; and the day trader, and those still invested there, awaken to find their funds frozen like those in Iceland's banks: one may not always have full and immediate access to one's funds held in brokerage accounts.

The lending markets continued in freeze over mode: The Ted Spread traded at 4.3 which suggests that a total world wide financial collapse is imminent.

It is important to understand that there is no, repeat no commercial lending going on at the current time. Chan Sue Ling in Bloomberg article Shipping Lines Say Tight Credit Cutting World Trade relates that German banks with funds to lend are offering about 200 basis points above Libor, double previous rates, while in Singapore the rate is plus-350 points, according to Tobias Koenig, managing partner of Koenig & Cie. In the main though, shipping lines aren't able to borrow, he added.

``There is no rate because all banks are closed for business,'' he said. ``You have a few banks rescuing their best customers, but that's it.''

More than two-thirds of 104 bankers polled said they were unable to obtain funding at or close to Libor, according to an October survey by trade publication Marine Money Asia. About 80 percent expect shipping bankers will not be able to raise enough financing for clients this year and next, the survey showed.

``There are a lot of banks that will do deals today but they will do it on a bilateral basis with good clients, which they have long relationships with,'' Tom Zachariassen, an executive at Nordea Bank, said yesterday.

Libor, set by 16 banks in a survey conducted by the British Bankers' Association each day in London, determines rates on $360 trillion of financial products worldwide, from home loans to derivatives. The cost of borrowing in dollars for three months fell 12 basis points to 4.64 percent yesterday.

I relate that the Federal Reserve will be unable to stimulate lending in the marketplaces and the credit gridlock, that is, the lending gridlock, will continue for a number of reasons:
1) the banks know they are walking dead men, and simply want the TARP swaps to help preserve their balance sheet.
2) they are aware the consumer is tapped out and overextended and at risk for non payment of loans.
3) they want to preserve capital as they and their customers have exposure to settlement of credit default swap derivatives on Lehman Brothers and others.
4) there is no trust between lender and debtor as the fair value accounting rule of the SEC, and the mark to market provisions of FASB 157 have been thrown out the window.
5) there is an awareness that the CPFF facilities are for the top tier Fed invested nine banks.

The municipal bond market has seized up again, and the municipal bond ETFs and mutual funds will be falling awesomely lower in value, as a run on these gets underway.

States and municipalities are going to dramatically reduce payrolls. Funding for new projects cease will cease, and countless municipalities will be going into foreclosure. Only the most basic of services, such as a low level of law enforcement, will be provided.

Corporations, finding the commercial paper market place shuttered, are in a desperate way. They lack the cash on hand to cut payroll and accounts payable checks, buy raw materials, and order ongoing services, and as such are going to quickly close. Others finding lending closed, are not going to be able to refinance debt, and will fail, and go into bankruptcy.

Investment grade debt traded flat ... LQD

Junk bonds, HYG, fell 4% ... HYG

The municipal bond market, MUB, fell 3% ... MUB

Eddy Elfenbein relates today's carnage: "The Dow dropped today by 733.08 points to close at 8577.91. That's a loss of 7.87%. By percentage, this was worse than both October 9 (-7.33%) and September 29 (-6.98%). This was the worst day for the Dow since October 26, 1987, and it was the ninth-worst day ever".

Charts reflect the days transactions:
The gold ETF, GLD, traded slightly up to its 50 day moving average ... GLD

Gold, $GOLD, traded slightly down at its 50 day moving average at $840 ... $GOLD

The US Dollar, rose slightly to $82.09 ... $USD

US Treasuries, TLT, rose slightly to their 50 day moving average at 95.01 ... TLT

Oil, USO, fell 6% on an unwinding yen carry trade, that is, on a falling EUR/JPY. The media is reporting that oil is falling on grim economic data; however this is only partially true. Oil, like the stocks, are being driven lower by a falling yen carry trade, better termed euro carry trade. One of the greaest economic stories never told is that the Euro, FXE, as well as the other commodity currencies such as the Australian dollar, FXA, and the Canadian Dollar, FXC, in carry trades have carried stock values in great waves of gain and loss ... USO

Energy producers, XOP, fell 18% ... XOP

Energy services, OIH, fell 17% ... OIH

Metal and mining manufacturers, XME, fell 17%. Rio Tinto announced it is cutting production at some of its aluminum smelters in response to slowing Chinese growth. Rio Tinto chief executive Tom Albanese declared that the Chinese economy “is pausing for breath after spectacular GDP growth.” Shares in the mining giant plummeted by 16 percent in response to the announcement. Other energy and commodity firms’ stock also fell yesterday, including Alcoa (down 12.8 percent) and Exxon Mobil (14 percent) ... XME

Real estate fell 14% ... IYR

Real Estate REITS, RWR, fell 13% ... RWR

BRICS, EEB, fell 18% ... EEB

Emerging Markets, EEM, fell 16% ... EEM

World shares EFA, fell 11% ... EFA

The Nasdaq, QQQQ, fell 9% ... QQQQ

The Russell 2000, IWM, fell 9% ... IWM

Gold and gold alone is the measure and means of wealth preserving wealth in a deflationary investment world
David N. Vaughn relates in A Coming New Currency!, the Alf Field statement: "The resulting massive creation of new liquidity would destroy or vastly reduce the purchasing power of currencies as we know them today" ... "The assets in the most secure category at the tip of the inverted pyramid are gold and silver bullion, assets that have performed the function of protecting wealth throughout the ages. In the layer above the precious metals lie the companies that mine and hold large deposits of gold and silver".

Adrian Ash presents the question Why choose gold when the Fed lowers the central bank interest rates.

I recommend that one be invested in gold, because of financial system instability, lack of liquidity and because of possible inability of the US government to make good on its surety promises of insuring bank accounts, brokerages, money markets and now commercial paper. I recommend diversification of investment in gold in four locations immediately, yes immediately: the gold ETF, GLD, directly through streetTRACKS Gold Trust, and not in a brokerage account; two BullionVault, three GoldMoney; and four a limited number of gold coins purchased from sources like Kitco.com.

The end of monetary expansion ends in all things being rented to the central bank
Elaine Meinel Supkis in article Burns, Nixon, Gold And The New World Order Chinese relates "US government debt is now the ONLY really solid 'reserve' left as the Federal Reserve sells or rather, gives away, Treasuries in return for useless 'assets' which no banker in their right mind considers to have any realistic future value at this point. But the Treasuries themselves are drawn up against the biggest pool of potential wealth on earth: the accumulated holdings, belongings and future earnings of the American People, themselves!

Germany ended its monetary hyper-inflation collapse very simply: the government declared that all things in Germany were now going to be RENTED TO THE BANKS via fiat. The new currency was called, 'Renten Mark' which was a huge change from 'Reichsmark.' Governments can do this! When Germany finally went bankrupt less than 10 years later, all Germans were bankrupt. This total bankruptcy was dealt with very severely: the rise of Hitler and fascism coupled with the open looting first, of the Jews, then of all of Europe".

I relate that the United States is continuing down the same path as Germany, that is the end of monetary expansion ends in all things being rented to the central bank: all different types of debt is now being swapped out by the banks for US Treasuries as is seen in the US Federal Reserve Press Release of October 13, 2008.

Because of this, there will be a run on the US Treasuries, TLT, producing a rise in interest rates, $TNX, and a sell off of the US Dollar, $USD, especially through the currency traders obtaining 0.5% interest loans from the Bank of Japan, and going short the USD/JPY and short the USD/CHF. This will cause gold to rise in value. And US stocks, VTI, will continue to tumble lower in a death spiral together with the world stocks, EFA.

To address an ongoing dearth of liquidity and financial instability, the world bankers will institute a new international financial architecture, which see the rise of a global monetary authority, which will institute unified regulation of banking globally.

Soon there will be no national seigniority, as sovereign nations and their constitutions become history, as principles of global governance work through regional economic and security pacts or agreements; and these will serve as the basis for regional currencies. The US Dollar will be replaced with the Amero for purposes of commerce and trading in the North American homeland.

A world banker, a Seignior, meaning top dog who takes a cut, will arise to take charge of finance, banking, commerce and trade world wide. He will install a global seigniorage wealth and commerce system. This individual will have such a commanding way that interest rate differentials between nations and regions will disappear. All seigniorage will come and go through him: all sovereign wealth funds, and banks will report to him.

Once financial institutions fail, and stocks and bonds fail, and currencies totally burn out, the principle that "the end of monetary expansion ends in all things being rented to the central bank" will compel the Seignior to institute a one world currency system which is based upon the "mark" which comes from the Greek word charagma meaning "etching in", or "tattoo upon", or "stamp", or "badge of servitude", which enables one to conduct economic activity, and which authorizes one to receive economic benefits; the mark will be required in order to buy or sell.

Between the soon coming world leader, the Sovereign, and the world banker, the Seignior, they will own the world "lock, stock and barrel".

The Bible prophecy of Revelation Chapter 13 foretells the future
I. Introduction
The Apostle John wrote from prison, on The Isle of Patmos about 90 AD, the Revelation Of Jesus Christ, the last book of the Bible, which foretells those things which must shortly come to pass: meaning a series of events that once they begin, fall quickly into place one right after the other.

II. Revelation Chapter 13 tells of three separate beasts which rise to sovereignly direct mankind's activities (1).
A. Revelation 13:1-4 tells of a sovereign system which directs all of mankind's activities through seven institutions and ten regions of global governance.
B. Revelation 13:5-10 tells of a sovereign king, that is a monarch, who has sovereign power and authority to rule.
C. Revelation 13:11-18 tells of a globally sovereign religious leader and banker
He is the Seignior, meaning, top dog who takes a cut; in modern day terms, an investment banker, he is also the world's religious leader, and via investment and commerce connections institutes a global seigniorage wealth and commerce system (2).

This individual will have the financial experience or connections of CFR Co-Chairperson Robert E. Rubin or a John Paulson or a George Soros or a Tony Blair.

Photo of Treasury Secretary Robert Rubin, Treasury Secretary, and Alan Greenspan, the Federal Reserve Chairman, at a House Hearing in 1995 Photo by Stephen Crowley of The New York Times from the article The Reckoning Taking Hard New Look At A Greenspan Legacy by Peter S. Goodman who said of Alan Greenspan: "And his views held the greatest sway in debates about the regulation and use of derivatives, exotic contracts that promised to protect investors from losses, thereby stimulating riskier practices that led to the financial crisis. For more than a decade, Alan Greenspan has fiercely objected whenever derivatives have come under scrutiny in Congress or on Wall Street.

“What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so,” Mr. Greenspan told the Senate Banking Committee in 2003. “We think it would be a mistake” to more deeply regulate the contracts, he added.

III. Verse Commentary

13:11 another beast This is a third of three beasts, who is preceded by the beast system, and the beast political leader; this beast promotes the power of the former two; and convinces the world to worship them both. He is called 'false prophet' in Revelation 19:20 and Revelation 20:10.

13:11 out of the earth Just as the Antichrist is the embodiment of Lucifer, Satan, the Devil, the false religious leader will be sent forth and controlled by a demon from the pit of hell.

13:11 two horns like a lamb This describes the relative position of the false prophet compared to the beast system which has ten horns. The word horn in scripture symbolizes authority; and lamb symbolizes peacefulness: He uses his position to adeptly resolve global economic, religious, political and natural resource conflicts. Yet his outward gentleness belays his real deceptive dealings to lord it over mankind.

13:11 like a dragon He has a commanding way.

13:12 exercises all the authority of the first beast This oracle yields all the power and influence of the beast system.

13:12 causes The word causes is used eight times of him. He yields influence to establish false world religion, which is Luciferian in nature: he entices and induces to eventually dominate the world.

13:12 to worship People are compelled to accept and worship, both the beast system, and the beast world leader.

13:12 whose deadly head wound was healed This refers to a catastrophic global financial breakdown.

13:13 great signs The words 'great signs' is used of Jesus in John 2:11 and John 2:23 and John 6:2. He works false miracles which cause the world to accept the beast system and the the Antichrist.

13:14 make and image to the beast He directs construction of a symbol, that is, a representation of the beast system.

13:15 speak The image of the beast system communicates, which is contrary to what is normal of idols.

13:15 causes to be killed His gentle appearance is a lie, he is a killer.

13:16 a mark He introduces a seigniorage system which is based upon the "mark" which comes from the Greek word charagma meaning "etching in", or "tattoo upon", or "stamp", or "badge of servitude", which enables one to conduct economic activity, and which authorizes one to receive economic benefits; the mark will be required in order to buy or sell (3).

All seigniorage comes and goes through him: all sovereign wealth funds, and banks report to him. There is no national seigniority, as sovereign nations and their constitutions are history, as principles of global governance working through regional economic and security pacts or agreements exist; and these serve as the basis for regional currencies.

His religious and economic power complements the military and political power of the sovereign king; and between this false prophet and the Antichrist, they own the world "lock, stock and barrel".

IV. Footnotes.
(1) Sovereignly means to rule in a monarch fashion; sovereign means to rule powerfully and authoritatively; the word came into use in 1250 to 1300. Dictionary.com

(2) Seigniorage means top dog bank note system, and comes from the Scottish and Bank of England financial system which was devised to maintain the value of currency The History of Seigniorage Wealth Elaine Meinel Supkis February 7, 2008 Money Matters Blog

(3) David Deschesne Editor, Fort Fairfield Journal, A Mark in the Right Hand or in their Forehead, Fort Fairfield Journal, July 6, 2005 in his explanation of Revelation Chapter 13:16-17.

V. Revelation Chapter 13, Holman Christian Standard Bible
The Beast System Arises Out Of The Mass Of Humanity To Direct And Rule All Of Mankind's Activities.
1 And I saw a beast coming up out of the sea; he had 10 horns and seven heads; on his horns were 10 diadems, and on his heads were blasphemous names.

2 The beast I saw was like a leopard, his feet were like a bear's, and his mouth was like a lion's mouth; the dragon gave him his power, his throne, and great authority.

3 One of his heads appeared to be fatally wounded; but his fatal wound was healed; the whole earth was amazed and followed the beast.

4 They worshiped the dragon because he gave authority to the beast; and they worshiped the beast, saying, "Who is like the beast? Who is able to wage war against him?"

The Sovereign King Rules For 42 Months.
5 A mouth was given to him to speak boasts and blasphemies; he was also given authority to act for 42 months.

6 He began to speak blasphemies against God: to blaspheme His name and His dwelling—those who dwell in heaven.

7 And he was permitted to wage war against the saints and to conquer them; he was also given authority over every tribe, people, language, and nation.

8 All those who live on the earth will worship him, everyone whose name was not written from the foundation of the world in the book of life of the Lamb who was slaughtered.

9 If anyone has an ear, he should listen:

10 If anyone is destined for captivity, into captivity he goes; if anyone is to be killed with a sword, with a sword he will be killed; here is the endurance and the faith of the saints.

The Sovereign Banker Institutes The Mark, Greek Word Charagma, Meaning Etching In Or Tattoo Upon, Which Is Required In Order To Buy Or Sell.
11 Then I saw another beast coming up out of the earth; he had two horns like a lamb, but he sounded like a dragon.

12 He exercises all the authority of the first beast on his behalf and compels the earth and those who live on it to worship the first beast, whose fatal wound was healed.

13 He also performs great signs, even causing fire to come down from heaven to earth before people.

14 He deceives those who live on the earth because of the signs that he is permitted to perform on behalf of the beast, telling those who live on the earth to make an image of the beast who had the sword wound yet lived.

15 He was permitted to give a spirit to the image of the beast, so that the image of the beast could both speak and cause whoever would not worship the image of the beast to be killed.

16 And he requires everyone—small and great, rich and poor, free and slave—to be given a mark on his right hand or on his forehead,

17 so that no one can buy or sell unless he has the mark: the beast's name or the number of his name.

18 Here is wisdom: The one who has understanding must calculate the number of the beast, because it is the number of a man. His number is 666.

VI. Further reading on Revelation Chapter 13
For continued reading on Revelation Chapter 13, I recommend: Beast System, Sovereign, And Seignior To Rule Mankind, Bible Reveals

My personal application
I believe that God is Sovereign, and as such from eternity past, foreknew, foresaw, and worked out today's events; everything is working out according to his foreordained plan.

While some reference the rule of law, and others the rule of men, I reference the Word, Will and Way of The Lord; and what ever comes of that so be.

I do as I am commanded by the Lord, I keep the 'Luke 21:36 Watch', that is, I watch and pray always that I might be accounted worthy to escape all these things (the end time horrors) that are coming, and stand before the Son Of Man.

European nations to guarantee banks against failure and guarantee new lending
Greg Keller and Jamey Keaten of Yahoo News report A statement by EU leaders said they agreed to "avoid the failure of relevant financial institutions, through appropriate means including recapitalization."

Governments would guarantee "for an interim period and on appropriate commercial terms" new debt issued by banks for up to five years.

"This scheme would be limited in amount, temporary and will be applied under close scrutiny of financial authorities until Dec. 31, 2009," it said.

Sarkozy said the measure taken by the leaders is "not a gift to banks."

"Banks need to be loaned money," he said. "So that this confidence is restored, states will have the possibility to guarantee the loans that banks take out, guarantee them under different forms."

Australian and New Zealand guarnatee all bank deposits
The Wall Street Journal Asia reports: Australian Prime Minister Kevin Rudd said Sunday the government will guarantee all bank deposits for a period of three years.

From Sunday, the government will also guarantee all term wholesale funding by Australian banks operating in international credit markets "to make sure they have the best possible access to global capital," Mr. Rudd said.

The New Zealand government followed Mr. Rudd's announcement by introducing a bank deposit guarantee program as both countries sought safeguards against turbulence in global credit markets.

The Royal Benk Of Scotland and HBOS are nationalized
Gonzalo Vina and Craig Stirling of Bloomberg report that the Royal Bank of Scotland, HBOS are set to be taken over by the UK Government.

"The most precious asset of all is confidence and it's something that's been lost in recent weeks," Brown told reporters in Paris yesterday. It is "something that we will restore through coordinated intervention."

Here is what happened
Having said "recapitalization" is the purpose, there is an admission that the ability of the banks to raise capital is gone, capitalism as an economic system died: it is kaput, gone, it is history.

The governments of Europe and Australia and New Zealand have just nationalized banking. The banks and the governments are one. The government is now banker.

The governments are guaranteeing the safety of all monies invested in their banks; the governments are saying there will be no loss of principal.

The European countries, New Zealand, and Australia, UK and the their taxpayers now own the banks and their debt, lock stock and barrel. The risk of loss on the loans and the risk of exposure on all kinds of derivatives has been passed to the citizens of these nations. Profits have been privatized to the elites and losses socialized unto the public.

Keep in mind that the debt on the bank's books, is debt, that is marked-to-fantasy, as the fair value accounting of the SEC and the FASB 157 have been tossed out the window. This means the tax payers are not only enslaved to debt, they have been enslaved to the worst of debt, that is highly leveraged CDOs and subprime and alt-a loans.

The governments have become title owner to massive amounts of real estate world wide; and is in the terrible position of having to foreclose on people and force them out of their homes pending sale of the properties as they go under.

A bloodless political and economic coup was announced today as financial organizations and governments are integrated in state corporate rule.

Government rather than trust between lender and debtor is now the engine of commerce and trade.

Lending may start; and then again it may not start. The Ted Spread may still trade high as bankers perceive risk of lending. Bankers may not lend, they do not have to lend; and companies may not borrow if the Ted Spread does read high; so lending may not take place and the European financial market place go into meltdown despite today's announcements.

Only a portion of lending markets world wide are affected; little is changed in the US; a credit gridlock, that is a lending gridlock still exists in the United States; this is going to take the world financial system down within days.

Stocks may rise on Monday October 13, 2008. Nevertheless, a global stock market meltdown is still underway as credit default swaps on Lehman Brothers, having been settled must be paid from funds that are not available; those liable on the default swaps simply do not have the money to pay; and the amount is terrifically large.

The governments should have decleared 'force majeure' on all derivatives of every type; the risk of default by all kinds of companies still remains, and so do the credit default swaps, which cannot be paid or honored.

Two things have changed, first taxpayers have a greater financial liability. And second, indeed a polictical and economic coup has been achieved unifying state, bank, finance and lending into one ruling unit in the European countries; and this is a fulfillment of bible prophecy found in of the First Horseman of the Apocalypse. The horse is white signifying conquest over mankind, and the fact the rider has a bow with no arrows, foretells a bloodless coup.

The Scripture reference is Revelation 6:1-2 where the NIV relates: "I watched as the Lamb opened the first of the seven seals. Then I heard one of the four living creatures say in a voice like thunder, "Come!" I looked, and there before me was a white horse! Its rider held a bow, and he was given a crown, and he rode out as a conqueror bent on conquest".

Here is one artist's rendition of the four horsemen of the apocalypse.

Arlen L Chitwood relates the Greek word "crown" here is "stephanos" or "conqueror's crown"; a number of leaders have conquered capitalism and replaced it with state corporatism.

God is Sovereign, and as such from eternity past, foreknew, foresaw, and worked out today's events; everything is working out according to his foreordained plan.

European nations will one day be completely integrated with a common ruler and a chief banking officer
The Yahoo News report above reports independence of action is to be taken by each individual country; nevertheless the countries are unified in action and principle.

The vision and call of Timothy Geithner for unified regulation of banking globally is clarion and cannot be resisted. Soon Europe will be taking more unified action, as economic conditions deteriorate. The result will be unified banking, financial and investing regulation throughout Europe, and a Chief Banker, a Seignior, will arise to rule banking in Europe, this being held forth in bible prophecy of Revelation 13:11-17

The debt on the bank's books should have been liquidated, that is done away with, but it still abides.
The Liquidation Thesis holds that this debt must be liquidated, that is done away with; economic nature cannot be resisted; the debt will be liquidated and government services and payments, as well as service sector jobs, of all types, being unsustainable, will be done away with as well.

The investment application remains unchanged
I recommend that one be invested in gold, because of financial system instability, lack of liquidity and because of possible inability of the US government to make good on its surety promises of insuring bank accounts, brokerages, money markets and now commercial paper. I recommend diversification of investment in gold in four locations immediately, yes immediately: the gold ETF, GLD, directly through streetTRACKS Gold Trust, and not in a brokerage account; two BullionVault, three GoldMoney; and four a limited number of gold coins purchased from sources like Kitco.com.

Gold could easily fall from $850 to $820; this simply would make for a most excellent buying opportunity. The chart of gold relative to stocks, GLD:VTI, shows a pop higher, which suggests too that gold could fall lower.

Yet, I believe gold will stay above $850, as physical supply shortages are reported at jewelers and at coin dealers.

There is an important spiritual question: who is trustworthy?
The european governments and those of Australian and New Zeland are calling for confidence and trust.

I trust that physical gold will preserve my wealth; and thus I have close physical control of it, as indicated above.

I find God and His Word alone to be trustworthy. I believe that He is the Trustworthy One. I believe in the doctrine of the Election of Grace. And thus, I believe that God from eternity past chose me to believe in Him, and gave me the desire and insight to call on His name and be saved. I believe that God, will preserve me from sin until my Judgement Day. I believe that I am going on soon, to rule and reign with Christ, for a thousand years here on planet earth.

There is a great division in doctrine in Christianity between those of the Armenian persuasion and the Reformed persuasion. The former holds that one chooses Christ; and the latter holds that Christ chose the believer. I am of the latter position with support coming numerous bible references such as Revelation 13:8: my name got written into the Lamb's Book Of Life from before even a molecule was formed.