News and Comments on various topics
Sep 28, 2012
Sunday evening, September 30, I will be teaching at David's church in Brooklyn Park. He asked me to teach in order to bring us into the Feast of Tabernacles which begins that evening. I will be giving a basic teaching on Tabernacles.
Then on Wednesday, we will be leaving Minneapolis to go to St. Louis for the Tabernacles conference at the Millennium Hotel. We will be gone close to a week. During the week end of the conference it is not likely that I will have time to post any weblogs (Friday to Sunday), but I may find time between visits to post something before or after those days.
I woke up this morning with a dream about the outpouring of the Spirit. I don't dream much (that is, I don't remember dreams when I wake up), and the Lord has spoken to me in dreams only a few times in my life. Perhaps this applies to the St. Louis conference. We will see. I won't tell you the details of the dream, partly because they would require interpretation, which remains to be seen, and partly because I don't want to influence what the speakers may do or say. Yet I can say that this puts me on alert to watch this conference.
On another topic, I reported earlier that last Monday JP Morgan dumped a lot of silver (paper only) on the market in the attempt to drive down the price and keep it below $36/oz. In just five minutes, they "sold" over half the US yearly production of silver, and in all they sold about 2 years' worth of production. Needless to say, they don't have that much physical silver to sell, so it's just a paper game to make it look like a glut of silver on the market, driving down the price.
They succeeded in driving down the price about $1.00/ oz, as silver went from about $34.68 down to about $33.60. But this was a very short price drop, because so many people apparently took it as a buying opportunity. They saw the sign: JP Morgan's Silver Sale at Bargain Prices. So they bought up all the paper contracts that JP Morgan had to offer, and the price then returned yesterday to its previous level at $34.68. To see live prices, go here:
I suspect that JP Morgan's executives have loosed their loins over this. Now they are stuck with a greater pile of paper contracts that will have to be filled when they come due. Since they have little silver on hand, they will have to "settle" or buy silver at a higher price to fulfill their contracts. They still have time to try to sell more silver paper and perhaps drive the price back down, but it is clear that their game is no longer working as well as it did in the past.
Meanwhile, according to Money News for September 27, some billionaires are dumping their stocks. These include Warren Buffet, John Paulson, and George Soros. But most investors have yet to follow their example.
These billionaires obviously believe that the stock market is going to drop soon, and so they are getting out while the market is still being driven up by the government's Plunge Protection Team.
Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast....
Unfortunately Buffett isn’t alone.
Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.
Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares....
It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.
The Plunge Protection Team was created by Executive Order in 1988 after the 500-point drop in the Dow in October of 1987. It was originally designed to stabilize the markets in a panic, but it has turned into a total market manipulator. See the Wikipedia:
The stock market is no longer an accurate measure of the economy. We no longer have a free-market economy. It is, at best, a "managed" economy, and at worst, a "controlled" economy.
In the recent interview with Lindsey Williams, he was told by his "elite" friend not to watch the stock market, nor the euro, saying that both were controlled and manipulated and were therefore not an accurate barometer. He said that the planned economic crash will come when Fed Chairman Bernanke begins to raise interest rates. If you know little or nothing about economics, you should watch that one factor: interest rates.
Bernanke has said that interest rates will remain low at least until 2015. Maybe so, maybe not. One thing is certain: if interest rates are raised, it will certainly crash the big banks, who have bet trillions of dollars that the rates will remain low. They have bet the farm on this one thing, and so if the rates are raised, they will immediately lose more than their net worth. Their boast is that they have over a trillion dollars in assets, but JP Morgan's casino banking department has bets worth more than $70 trillion. Their puny trillion dollars in assets could (and will) go up in smoke very quickly.
It has all come down to that one factor.
The rulers of Babylon are not really working to save the financial system. They have known from the start that it was fatally flawed, and that they would eventually arrive at the place where the system would crash from excessive debt that could not be sustained by the economy. That is the natural result of a debt-money economic system that was created in 1913 by the Federal Reserve Act.
More than that, the "free trade" agreements have sent most of our manufacturing jobs overseas, ensuring that the economy would not be able to sustain these debt loads. This was done deliberately.
So the powers-that-think-they-be decided to control the crash, hoping that that would come out on top and rule in the New World Order. They invented "derivatives," which Warren Buffet called "financial weapons of mass destruction."
The underlying purpose of derivatives was to make a lot of money up front, but eventually to crash the system when they raise interest rates.
My guess is that they will do this fairly soon. If and when that happens, any paper contracts that you may have will probably have no value except to use it to start a fire in your furnace. If banks close, it is not likely that you will ever see that money again. If you do, it will be when the new monetary system is put in place, but meanwhile, your account will be frozen. Eventually your old money and perhaps your frozen bank account may be traded for new money at a specified rate, such as 1 to 1, or 2 to 1, or 10 to 1.
Twenty years ago in Russia, when the Soviet Union collapsed, the people could trade in their money 1 to 1, but they could only trade in a small amount. This wiped out most people's savings and brought most people down to poverty level. (I have a Russian friend who personally experienced this at the time.)
Unfortunately, most people are totally unprepared for the disruptions that occur between ages. Most people do not know how to prepare, even if they want to do so. Many are also too fearful to prepare. Money in the bank is their security, and they do not know any other way of handling savings. And so they are the ones who will need great faith to sustain them in the midst of collapse and loss.
I am not a financial advisor, nor can I be. You have to take this responsibility for yourself. The main thing is to find a way to watch the Fed's interest rates. If you have no other source, keep an eye on the financial section of a newspaper, which will certainly report any change in interest rates. If you see this rise reported there, you will know that we have come to the beginning of the end. The markets will not crash immediately, but at that point the financial system will begin to move toward an inevitable collapse, and you will have only a few days or weeks to act.
There are people in high places who will do their best to soften the transition into the new economic system. Pray for them, because if they are successful, it will make the transition much easier for everyone.
Above all, remember that regardless of what the Babylonian rulers are planning, God too has a plan. Remember that Babylon is falling in order to make way for the Kingdom of God. They may plan for an alternate system of man to replace the present one, but in the end, the Kingdom economy will be established. Most of the Church does not really understand this, because their belief is that Christians will leave the earth and give it over to the devil and the antichrist. They do not comprehend the prophecy of Babylon's overthrow at the hands of Cyrus, king of Persia.
And so, when Christians find themselves still on earth during this transition, many will be very fearful and unprepared for what lies ahead. It will then make a huge difference to know the divine plan and to understand prophecy.
Dr. Stephen Jones