The Resourceful Bear Blog

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,

It was a hey day for all, except the yen carry traders, as the US Dollar, US Stocks, world stocks, debt, and gold rose on the massive support of the US Dollar by the Federal Reserve. Joe Bel Bruno of the Associated Press wrote that Wall Street moved higher on hopes of credit recovery. Hope is all that can be expected.

The ongoing five cay Yahoo Finance chart of UUP, HYG, LQD, MUB, CMF, and SPY, shows a "pop" came to debt instruments, as the US Dollar, US stocks and world stocks rose as the US Federal Reserve provided Dollar support ... The rise seen here in the chart of UUP, HYG, LQD, MUB, CMF, and SPY is likely capitalism's finale rally.

Eddy Elfenbein documents today's fall in The Ted Spread to 3.27; it closed down at 2.83.

Mike Mish Sheldon relates: 'Armageddon in Corporate Bonds'; and I say 'Ditto In Municipal Bonds'.

Gold, $GOLD, rose $2 to close at $790.

The gold ETF, GLD, rose to $78.50

Oil, USO, rose to $61.80

The US Dollar, $USD, rose to a new high at 83.07 ... $USD

The chart of the dollar bull ETF, UUP, suggests that a top is being made in the US Dollar ... UUP.

US stocks, VTI, closed up, in a pennant formation, to close at 49; prices usually fall from such patterns ... VTI

World stocks, EFA, closed up in similar fashion to close at 47.35.

US Treasury Bond, TLT, rose to 94.62

World currencies, DBV, rose 2.75% in a pennant pattern to close at 22.

The S&P, SPY, and the Dow, DIA, rose more than the Nasdaq 100, QQQQ, and the Russell 2000, IWM:
SPY 6%
DIA 6%
QQQQ 3%
IWM 4%

The chart of the Russell 2000, IWM, shows the death of capitalism quite well. The Russell 2000 is comprised of small US companies highly dependent on a functional financial, banking and credit system. Unfortunately the lending system had a cardiac arrest on September 11, 2008 when the banks found they could not sell stock to obtain capital; in consequence lending ceased across the board. While the Federal Reserve and world central banks have provided liquidity facilities in the extreme, and even provided full dollar funding to the markets, trust between lender and debtor has expired and cannot be and will not be enjoyed again. The stock and bond markets are going to fall desperately.

Notice the fall off of value in the Russell 2000 beginning on September 11, 2008, that is 9-11-2008, and then a short sell covering rally and a crescendo fall, that is waterfall, lower; and now a rise in a pennant pattern. Prices are usually resolved down from such patterns ... IWM

Risers of the day included:
Metal and mining manufacturing 15%
Energy producers XLE 10%
Utilities VPU 8%
Energy services OIH 11%
Steel SLX 11%
Brazil EWZ 9%
China FXI 8%
Russia 8%
BRICS EEB 7%

A major part of today's rally was simply a rally to get the oil stocks back up to the edge of a massive head and shoulders pattern that goes back to April 2006. Take for example, Exxon Mobil, XOM: it has moved back up to 75 so it can fall once again ... XOM

Despite the central banks moving towards extending 0% interest, the bond markets have declared a defacto interest rate hike. For example, the interest rate on the 10 year US Government note, $TNX, has been rising. It is going up from 38 ... $TNX

The joy on Wall Street and on many investment blogs was simply capitalism's death rattle -- a gurgling or rattle-like noise produced shortly before or after death by the accumulation of excessive respiratory secretions in the throat.

Financial services, IYF, rose 2%, and Real estate, IYR, rose 1% ... Chart of IYR shows the bearish dragonfly candlestick

The yen carry trade, EUR/JPY, FXE:FXY, termed the Armageddon Trade for its recent damage to global wealth and liquidity recently, fell 0.10%; and the yen, FXY, fell 0.25%. The chart of FXE:FXY shows the Armageddon Fall in the Armageddon Trade, the term applied to the ability of the yen carry trade to cause a total wipe out of stock, commodity and currency values. This chart is the chart of the century. The chart of the once lucratively rewarding energy service providers, OIH, shows three black crows as the yen carry trade, better termed, the euro carry trade unwound; the fall is always more dramatic than the rise ... OIH ... FXE:FXY

The Euro, FXE, fell 0.4%.

The British Pound, FBX, fell 0.8%.

The Canadian Dollar, FXC, fell 0.3%.

World currencies, DBV, rose in a pennant pattern to close at 22 ... DBV

The ongoing five day Yahoo Finance chart of USD/CHF compared to USD/EUR, USD/JPY, UUP, and GLD, shows all the currency pairs taking the US Dollar higher; surprisingly liquidity flowed into gold, despite the rise in the US Dollar. I attribute gold's rise to the rise in the metal and mining manufacturing stocks, XME, 15% rise ... Chart of currency trades shows gold to be surprisingly up

The chart of gold relative to stocks, GLD:VTI, provides clear, cogent, and convincing evidence of both the value of gold and the investment demand for gold ... GLD:VTI

I hope for those still invested in the stock markets that they went short at the end of the day.

The suretors, that is the debt guarantors, were especially good candidates to go short; these included Ambac, ABK, Radian Group, RDN, and MBIA, MBI as these had hoped to get Federal Reserve funding. They are now set to fall greatly ... ABK ... RDN ... MBI

The risk of loss of investment principle is at the highest level ever, despite assurances from central banks globally that monies in banks is guaranteed; given the fall of stock and bond market value I believe that is coming, their statements of surety are going to be severely tested.

If one has wealth, it is best to put it far, far away from the current financial system, safe and sound in a guarded vault, like BullionVault and GoldMoney, with an account personally at streetTracks Gold Trust, and in physical possession of gold coins.

This especially being the case, as I cite the horrific experience of clients of Lehman Brothers whose accounts were frozen and now have to come up with money to secure their position.

Tom Cahill of Bloomberg on October 15, 2008 reports that "Lehman Brothers ... hedge-fund clients may have to pay more collateral on $65 billion of assets frozen when the investment bank went bankrupt a month ago. Lehman’s London-based prime brokerage has about 3,500 active clients including hedge funds that own about $45 billion in securities, Steven Pearson, the partner at PricewaterhouseCoopers responsible for unraveling the unit, said ... They hold an additional $20 billion in short positions, or bets that prices will fall. While investors are largely unable to access their Lehman accounts, the value of the securities continues to fluctuate along with the markets. The clients may be required to put up more collateral if the value of those securities drops, a process known as a margin cal ... ‘Who is the holder of the risk of the securities? The hedge funds. If the value of the securities fell, they have to meet margin calls.’ Lehman’s bankruptcy, the world’s biggest, has rocked hedge funds that relied on the firm to provide loans, clear trades and handle administrative tasks."

Jesse in chart article is suggesting support for gold will come in at $740 before it soars again to $930 and beyond.

Elaine Meinel Supkis provides appropriate social commentary; "As the US tumbles into a bad, bad recession, we are having an election. And there is virtually no discussion about what is really wrong. Indeed, the main focus in this election isn't war or our trade deficit or yawning budget deficit, it is nearly all about race. To the fury of many who want otherwise. But then, from day one in the US, it has been all about race and slavery which were embedded within our Constitution and excised very painfully and often, extremely violently. I will discuss this history later. First, the economic news. After central banks nationalized the G7 banking systems, they managed to sort of restart the old status quo. This is bad".

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.

The Secretary of the US Treasury has appointed Wall Street Goldman Sachs investment bankers as stakeholders in state capitalism, that is state corporatism, to be taskmasters enslaving Americans and the world to debt.

"This summer, when the Treasury secretary, Henry M. Paulson Jr., sought help navigating the Wall Street meltdown, he turned to his old firm, Goldman Sachs, snagging a handful of former bankers and other experts in corporate restructurings.

In September, after the government bailed out the American International Group, the faltering insurance giant, for $85 billion, Mr. Paulson helped select a director from Goldman’s own board to lead A.I.G.

And earlier this month, when Mr. Paulson needed someone to oversee the government’s proposed $700 billion bailout fund, he again recruited someone with a Goldman pedigree, giving the post to a 35-year-old former investment banker who, before coming to the Treasury Department, had little background in housing finance.

Indeed, Goldman’s presence in the department and around the federal response to the financial crisis is so ubiquitous that other bankers and competitors have given the star-studded firm a new nickname: Government Sachs.

The power and influence that Goldman wields at the nexus of politics and finance is no accident. Long regarded as the savviest and most admired firm among the ranks — now decimated — of Wall Street investment banks, it has a history and culture of encouraging its partners to take leadership roles in public service.

It is a widely held view within the bank that no matter how much money you pile up, you are not a true Goldman star until you make your mark in the political sphere. While Goldman sees this as little more than giving back to the financial world, outside executives and analysts wonder about potential conflicts of interest presented by the firm’s unique perch.

They note that decisions that Mr. Paulson and other Goldman alumni make at Treasury directly affect the firm’s own fortunes. They also question why Goldman, which with other firms may have helped fuel the financial crisis through the use of exotic securities, has such a strong hand in trying to resolve the problem.

The very scale of the financial calamity and the historic government response to it have spawned a host of other questions about Goldman’s role.

Analysts wonder why Mr. Paulson hasn’t hired more individuals from other banks to limit the appearance that the Treasury Department has become a de facto Goldman division. Others ask whose interests Mr. Paulson and his coterie of former Goldman executives have in mind: those overseeing tottering financial services firms, or average homeowners squeezed by the crisis?

Still others question whether Goldman alumni leading the federal bailout have the breadth and depth of experience needed to tackle financial problems of such complexity — and whether Mr. Paulson has cast his net widely enough to ensure that innovative responses are pursued.

“He’s brought on people who have the same life experiences and ideologies as he does,” said William K. Black, an associate professor of law and economics at the University of Missouri and counsel to the Federal Home Loan Bank Board during the savings and loan crisis of the 1980s. “These people were trained by Paulson, evaluated by Paulson so their mind-set is not just shaped in generalized group think — it’s specific Paulson group think

There are people at Goldman Sachs making no money, living at hotels, trying to save the financial world,” said Jes Staley, the head of JPMorgan Chase’s asset management division. “To indict Goldman Sachs for the people helping out Washington is wrong.”

Mr. Paulson himself landed atop Treasury because of a Goldman tie. Joshua B. Bolten, a former Goldman executive and President Bush’s chief of staff, helped recruit him to the post in 2006.

Neel T. Kashkari arrived in Washington in 2006 after spending two years as a low-level technology investment banker for Goldman in San Francisco, where he advised start-up computer security companies.

The A-team includes Dan Jester, a former strategic officer for Goldman who has been involved in most of Treasury’s recent initiatives, especially the government takeover of the mortgage giants Fannie Mae and Freddie Mac. Mr. Jester has also been central to the effort to inject capital into banks, a list that includes Goldman.

Another central player is Steve Shafran, who grew close to Mr. Paulson in the 1990s while working in Goldman’s private equity business in Asia. Initially focused on student loan problems, Mr. Shafran quickly became involved in Treasury’s initiative to guarantee money market funds, among other things.

Other prominent former Goldman executives now at Treasury include Kendrick R. Wilson III, a seasoned adviser to chief executives of the nation’s biggest banks. Mr. Wilson, an unpaid adviser, mainly spends his time working his ample contact list of bank chiefs to apprise them of possible Treasury plans and gauge reaction.

Another Goldman veteran, Edward C. Forst, served briefly as an adviser to Mr. Paulson on setting up the bailout fund but has since left to return to his post as executive vice president of Harvard. Robert K. Steel, a former vice chairman at Goldman, was tapped to look at ways to shore up Fannie Mae and Freddie Mac. Mr. Steel left Treasury to become chief executive of Wachovia this summer before the government took over the entities.

Treasury officials acknowledge that former Goldman executives have played an enormous role in responding to the current crisis. But they also note that many other top Treasury Department officials with no ties to Goldman are doing significant work, often without notice. This group includes David G. Nason, a senior adviser to Mr. Paulson and a former Securities and Exchange Commission official.

Robert F. Hoyt, general counsel at Treasury, has also worked around the clock in recent weeks to make sure the department’s unprecedented moves pass legal muster. Michele Davis is a Capitol Hill veteran and Treasury policy director. None of them are Goldmanites.

Timothy F. Geithner, the president of the Federal Reserve Bank of New York, told him no, according to a former Lehman executive who requested anonymity because of continuing investigations of the firm’s demise. Its options exhausted, Lehman filed for bankruptcy in mid-September.

Mr. Geithner, 47, played a pivotal role in the decision to let Lehman die and to bail out A.I.G. A 20-year public servant, he has never worked in the financial sector. Some analysts say that has left him reliant on Wall Street chiefs to guide his thinking and that Goldman alumni have figured prominently in his ascent.

After working at the New York consulting firm Kissinger Associates, Mr. Geithner landed at the Treasury Department in 1988, eventually catching the eye of Robert E. Rubin, Goldman’s former co-chairman. Mr. Rubin, who became Treasury secretary in 1995, kept Mr. Geithner at his side through several international meltdowns, including the Russian credit crisis in the late 1990s.

Mr. Rubin, now senior counselor at Citigroup, declined to comment.

A few years later, in 2003, Mr. Geithner was named president of the New York Fed. Leading the search committee was Pete G. Peterson, the former head of Lehman Brothers and the senior chairman of the private equity firm Blackstone. Among those on an outside advisory committee were the former Fed chairman Paul A. Volcker; the former A.I.G. chief executive Maurice R. Greenberg; and John C. Whitehead, a former co-chairman of Goldman.

The board of the New York Fed is led by Stephen Friedman, a former chairman of Goldman. He is a “Class C” director, meaning that he was appointed by the board to represent the public.

During his tenure, Mr. Geithner has turned to Goldman in filling important positions or to handle special projects. He hired a former Goldman economist, William C. Dudley, to oversee the New York Fed unit that buys and sells government securities. He also tapped E. Gerald Corrigan, a well-regarded Goldman managing director and former New York Fed president, to reconvene a group to analyze risk on Wall Street.

Some people say that all of these Goldman ties to the New York Fed are simply too close for comfort. “It’s grotesque,” said Christopher Whalen, a managing partner at Institutional Risk Analytics and a critic of the Fed. “And it’s done without apology.”

But when bankruptcy loomed for A.I.G. — a collapse regulators feared would take down the entire financial system — federal officials found themselves once again turning to someone who had a Goldman connection. Once the government decided to grant A.I.G., the largest insurance company, an $85 billion lifeline (which has since grown to about $122 billion) to prevent a collapse, regulators, including Mr. Paulson and Mr. Geithner, wanted new executive blood at the top.

They picked Edward M. Liddy, the former C.E.O. of the insurer Allstate. Mr. Liddy had been a Goldman director since 2003 — he resigned after taking the A.I.G. job — and was chairman of the audit committee. (Another former Goldman executive, Suzanne Nora Johnson, was named to the A.I.G. board this summer.)

Like many Wall Street firms, Goldman also had financial ties to A.I.G. It was the insurer’s largest trading partner, with exposure to $20 billion in credit derivatives, and could have faced losses had A.I.G. collapsed. Goldman has said repeatedly that its exposure to A.I.G. was “immaterial” and that the $20 billion was hedged so completely that it would have insulated the firm from significant losses.

As the financial crisis has taken on a more global cast in recent weeks, Mr. Paulson has sat across the table from former Goldman colleagues, including Robert B. Zoellick, now president of the World Bank; Mario Draghi, president of the international group of regulators called the Financial Stability Forum; and Mark J. Carney, the governor of the Bank of Canada."

I am glad the New York Times is telling us the truth about the ruling elites from Goldman Sachs. But note, that they confuse readers by praising these bankers. This is a prime example of Orwellian disinformation where left is right and down is up, bad becomes good, and error becomes policy. God's Word reassures me greatly that He is Sovereign throughout all of this, and that He 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.

Elaine Meinel Supkis provides the charts from the Federal Reserve which document how much the insolvent banks are borrowing to stay alive. The FRED GRAPH documents the banks have no reserves, and are borrowing to recapitalize their balance sheets to protect them as long as they can from being wiped out by exposure to settlement on credit default swaps and other derivatives. This chart shows capitalization after the banks discovered they could not sell stock to obtain capital.

Here are the charts of the money center banks, KBE, and regional banks, IAT; the yen carry traders sold out of their interest already, leaving others holding the bag in these toxic walking dead men. Both charts show today's bearish dragonfly candlesticks ... KBE ... IAT

The US Government will be carrying out state corporate rule through the CPFF lending facility at the nine banks it acquired. Lending which use to come from the commercial lending marketplace, will now be coming from the Federal Reserve, that is the Banks of Banks, and flowing to corporations deemed essential for the purposes of the security and prosperity needs of the North American homeland, that is combined Canada, Mexico, and America, that, is CanMexAmerica.

Eddy Elfenbein in article 'October 20, 2008 CEO Pay at the Nine Government-Owned Banks' presents the CEO pay of the nine banks which have been nationalized.

Treasury Hank Paulson announced that nine banks were selected for state corporate rule
Robert Schmidt and Peter Cook of Bloomberg report that the Bush administration announced a plan to rescue frozen credit markets that includes spending about half of a total of $250 billion for preferred shares of nine major banks, people briefed on the matter said.

The companies are Citigroup Inc., Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp., Goldman Sachs Group Inc., Morgan Stanley, State Street Corp., and Bank of New York Mellon Corp., the people said. One of the people also said Merrill Lynch & Co. will receive an investment.

The government will also guarantee the banks' newly issued senior unsecured debt, making it easier for them to refinance their liabilities, the person said.

Looks to me like the regional banks and some others who may have hoped to dump their mark-to-fantasy FASB 157 assets on the TARP are going to second in line to the appointed nine banking chieftans.

The US Treasury Secretary Hank Paulson said in press release "These are healthy institutions, and they have taken this step for the good of the U.S. economy".

I say No, No, No, they are not solvent, they are insolvent. They were appointed for recapitlization because they are seen of strategic interest and usefulness in securing state corporate rule over the people.

The appointed stakeholders in state corporate rule are:
1) Ken Lewis, CEO of Bank of America
2) Jamie Dimon, CEO of JPMorgan Chase
3) Lloyd Blankfein, CEO of Goldman Sachs Group
4) John Mack, CEO of Morgan Stanley
5) Robert P. Kelly, CEO of Bank of New York Mellon.
6) Vikram S. Pandit, CEO of Citigroup
7) John Stumpf, CEO of Wells Fargo & Co
8) Ronald Logue, CEO of State Street
9) CEO of Merrill Lynch

Stocks, except for the financial sector, traded lower today
The ongoing Yahoo Finance chart of regional banks, IAT, and money center banks, KBE, shows the former up 6% and the latter up 11%.

The Russell 2000, IWM and the financial sector, IYF, diverged today with the former down and the latter up as is seen in the ongoing MSN finance chart of IWM, IYF, IWO, and IWN.

The ongoing MSN Finance chart of IWM, SPY, QQQQ, and DIA, shows the following losses today.
IWM -2.8
SPY -1.4
QQQQ -4.3
DIA -1.4

Mark OByrne in Market Oracle suggests that 62 Trillion Credit Default Swaps Threaten U.S. Government Bonds; and I add they threaten every financial instrument and every person of the world.

Today banker Hank Paulson effected a political and economic coup when he invested in the nine banks
Tim Kelley in article Financial Fascism relates that despite claims that the bailout is necessary to save the country from economic ruin, it is corporate welfare, pure and simple. Now that the Treasury has been given dictatorial power of the nation’s financial sector, we can expect more corrupt speculation that will discombobulate the economy further. Wall Street has been saved, but the people have been ruined.

And in article Sold into Economic Slavery Mr. Kelly states that Treasury Secretary Henry Paulson and Federal Reserve Chairman Benjamin Bernanke have been successful in bamboozling Congress into carrying out one of the most brazen acts of legalized theft in American history. Brandishing threats of economic collapse, Paulson and Bernanke convinced Congress to make the taxpayers hand over $700 billion to some of the nation’s biggest banks.

Ironically, but not surprisingly, this act of government intervention is being retailed to the public as a boon for the free market, with promises of future profits for all Americans. However, Congress has granted the Treasury Secretary virtual dictatorial power over our nation’s bloated financial sector and there is every reason to believe that Paulson and his successor will use that power to keep it bloated by bleeding the country white.

We are told the problem in our financial system is the mountain of mortgage-backed securities held by financial institutions. These have lost value as home prices have plummeted. But to finger declining home values as the cause is to confuse the symptom for the disease.

The disease is our 37 year old fiat money system. Between 1944 and 1971 the world operated under the Bretton Woods monetary system. This post-World War Two arrangement pegged all currencies to the dollar and made the dollar convertible to gold, thereby giving the dollar a reserve currency status. The system appeared invulnerable because the U.S. had amassed huge gold reserves (60 percent of the world's total supply) and the dollar enjoyed strong demand in the immediate post-war environment. By the early 1970s, however, as the government inflated the money supply to finance the Great Society as well its war in Vietnam, the country's monetary position had become precarious. When foreign central banks began demanding redemption at the statutory rate of $35 per ounce, President Nixon closed the gold window. Since then the world has been on a discretionary fiat money system.

The dollar has enjoyed privileged status in this system. As the world’s reserve currency, the dollar retains purchasing value among its holders. This “faith” makes U.S. debt instruments marketable abroad and has enabled the U.S. to continue its huge borrowing binge. The results have been bigger government and huge budget and trade deficits. These imbalances would have been impossible under a gold standard. The government’s ability to borrow would have been significantly limited by a Federal Reserve Bank anxious over redemption. Credit would have been more restrained and imports would have been paid for with exports rather than debt.

What has this funny money system given us? Trillions of dollars spent on government boondoggles and illegal foreign wars, a country mired in debt and standing on the precipice of bankruptcy. What does Congress do to address these problems? Well, it adds on more debt. And these bailouts are only the beginning because once you climb aboard this ride it is impossible to get off until you hit rock bottom.

The Emergency Economic Stabilization Act of 2008 empowers the Treasury to purchase any “troubled” asset. By “troubled” the government means any asset that has lost significant value. The current plan has the government purchasing securities that are worth only pennies on the dollar at par! Somehow this is supposed to stabilize the market and make everybody rich again. But looking through all the smoke and mirrors put up by Messrs Paulson and Bernanke, one discerns a scheme to bailout a few politically well-connected firms by unloading their bad investments onto the American people.

Not much thought has been given to long-term political effects of the bailout. Congress has made the Secretary of the Treasury virtual dictator over the country’s financial system. The potential for economic distortion is only surpassed by the potential for political abuse. Potential? Indeed, the bailout itself is an abuse of power. With the Treasury Secretary holding the scepter of economic dictator, the lever in the voting booth is meaningless.

Elaine Meinel Supkis relates that the present bank collapse can be traced back to 1971 and the day Nixon cut the gold peg for the dollar. And Bretton Woods II which tried an orderly collapse of the dollar in order to protect other currencies during the decline. This collapsed and we got the Floating Currency Regime instead. I prefer to go directly to the past to try to explain all this and how it has caused today's problems. The world's central bankers are so stunned by this mess, some of them are even calling for a return to the gold standard! This is amazing news that the media barely covers. This is because the US cannot return to the gold standard. This is a historic change, the end of the Floating Currency Regime is getting closer.

And Ms Supkis continues in article Burns, Nixon, Gold And The New World Order Chinese that sovereign states certainly have absorbed ALL of the risk in this global meltdown. The only thing left to deal with is the Derivatives Beast. It has happily munched away at all the rescue money and will probably eat up all the $2 trillion the French and Germans are throwing at this creature created by banking gnomes so they could pretend there was no risk and thus, they could lend with total impunity.

Alas, these rescue operations are NOT seeking a solution to the real problems. They are band aids over a gaping wound bleeding infinite red ink. The talk about infinite rescues using infinite money to restart the infantile buy-up/buy-out lending as well as global real estate inflation is a sign that nothing at all has been learned. The need to understand all aspects of this business is vital for the US since we are the ones sopping up not only most of the global debt production but also we are the ones running deepest in the red on every possible level. For us, this can be fatal. For the world, inevitable: the bankruptcy of the world's biggest empire.

I say that Hank Paulson further propelled the US down the road of state corporatism, putting the nail in the coffin for capitalism.

The nationalization of the banks fulfills the bible prophecy 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, that is state corporate rule.

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.

By Dawn Kopecki of Bloomberg reports that federal regulators directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds as the Bush administration expands its options to buy troubled financial assets and resuscitate the U.S. economy, according to three people briefed about the plan.

Fannie and Freddie began notifying bond traders last week that each company needs to buy $20 billion a month in mostly subprime, Alt-A and non-performing prime mortgage securities, according to the people, who asked not to be identified because the plans are confidential. The purchases would be separate from the U.S. Treasury's $700 billion Troubled Asset Relief Program, TARP.

The Federal Housing Finance Agency, FHFA, which placed the two companies in conservatorship on September 7, 2008, directed them last month to start increasing their purchases of loans and mortgage-backed securities as the Treasury seeks to absorb underperforming and illiquid assets from financial companies.

Adding underperforming assets to Fannie and Freddie's combined $1.52 trillion mortgage portfolios would come at a time when the two mortgage-finance companies already hold as much as $210 billion of bad debt that may be eligible itself for the Treasury's relief program, their regulator said October 5, 2008.

``The overall goal of the program will be to contribute greater stability and liquidity in the mortgage market, which should enhance consumers' access to mortgage financing and ultimately result in reduced mortgage interest rates,'' FHFA Director James Lockhart said in a September 19, 2008 statement.

Non-agency, or private-label, bonds are issued by banks and don't carry guarantees by Fannie, Freddie or government-agency Ginnie Mae. Freddie held about $207 billion in non-agency debt in its $760.9 billion portfolio as of August, according to its latest monthly volume summary. Fannie had about $104 billion of such securities in its $759.9 billion portfolio in August.

Regulators initially restricted Fannie and Freddie's growth when they seized control of the government-sponsored enterprises Sept. 7. To ``promote stability'' and lower mortgage costs to borrowers, Treasury Secretary Henry Paulson said the two would be allowed to ``modestly increase'' their mortgage portfolios to as much as $1.7 trillion through the end of next year and said they would no longer be run ``to maximize shareholder returns.''

Less than two weeks later, Fannie and Freddie were told to ramp up their mortgage bond purchases as the financial crisis deepened and credit activity came to near standstill.

Fannie and Freddie which own or guarantee almost half of the $12 trillion U.S. home loan market, were given access to $200 billion in emergency Treasury financing as part of their rescue package.

There are a number of troubling issues here
1) The authority for the purchase of the assets apparently comes from the director of FHFA, and not from the authority granted by Congress: the action of FHFA goes beyond the mandate of law.
2) This announcement of purchase is another framework agreement like the Security and Prosperity Partnership, the SPP, which was announced by the leaders of the North American continent on March 23, 2005. Thus a usurption of law for the purpose of greater state corporate control, that is for state corporatism; this evidences that capitalism is no longer the basis for the operation of America's economy.
2) There is no revelation as to where the assets are being purchased from, they could be from insurance companies as well as banks.
3) The financial organizations should be allowed to go bankrupt. The banks are walking dead men; the action of purchasing the assets, only temporarily postpones the bank's death.
4) One has to ask why the Federal Government is postpoing the bankruptcy of the financial organizations. Part of the answer as to why is that by purchasing troubled assets, and providing cash, or Treasury debt, or FHFA debt in exchange, the financial organizations lifespan is extended, financial system stress decreased and liquidity sustained, but the day of collapse and accounting still is coming when the organzations will fail, and credit default swaps will have to be settled, causing financial system strain as the companies that underwrote the derivaties will have to pay; only they do not have the monies to pay.
5) All payments, that is all purchases is going to cause destruction to the value of US Government bonds, and will eventually cause hyperinflation as the value of the US Dollar and government debt falls.
6) The SEC and the Finanancial Accounting Standard Board's decision to abandon fair value accounting of FASB 157, that is to abandon mark-to-market, receives extra strength by Lochart's mandate. Thus a nontransparent lending marketplace abides where genunine value is not presented. Distrust between lender and debtor continues, and hence credit gridlock, that is, lending gridlock remains. The only lendng that will take place in the United States is through the Fed's CPFF; and that lending is still weeks away from getting going, and will be too small and inefficient to meet the demand. With the result that corporations, lacking short term credit cannot meet payroll costs, and will have to immediately layoff, and have to shutter because they lack operating funds for onging purchases of supplies, services and raw materials. The credit granted through CPFF will be only those corporations whose functioning is deemed critical to the homeland.
7) The mandate of Lochart enslaves Americans to debt, and the most toxic of debt. The level of that debt is increasing day by day. Mr. Lochart is a stakeholder in state corporate rule. He with Paulson, and Bernanke are task masters of indebtedness.
8) There has been a bloodless coup where the finance officer of a private corporation, James Lochart, was appointed by Congress, to form and lead a state enterprise: government, housing and banking have been merged so that state corporatism has replaced capitalism as the driving eoconomic principle in America.

The political and economic coup 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 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.