Strong Delusions In This Generation

All people have certain interests which occuppy their time. For one man it may be hunting, for another it may be tinkering in all things mechanical. For me it has been political economics. I don't know where this thread will lead to, but I come across videos or discussions which represent what I have observed over time. I saw this video this morning.

http://www.youtube.com/watch?v=WWgtzwqWh60&feature=results_video&playnext=1&list=PL21B719421D6AED56

This video is over a year old. In today's news we see what these people talked about in the past. According to the information that I have read over the years, I believe one can learn about our current circumstances in this country and what we might do or change in our daily lives to prepare for the times ahead.

When I click on link, it says it can't load that movie? Can you tell me how to search for the video through YouTube & what's in it's title/subject lines?

Search Youtube...Kyle Bass Confessions of a dangerous mind.

"A French philosopher said,"Those that fail to learn the lessons of history are doomed to repeat its mistakes."

http://www.youtube.com/watch?v=diEVmQZ1QfM&feature=mfu_in_order&list=UL

http://www.youtube.com/watch?list=PL82D5B11142E1DBA9&v=7zvNV-vkEzc&feature=player_detailpage

http://www.youtube.com/watch?v=U4aRuiO1OuQ&feature=related

The following is a transcript of a recent speech given by Professor William Black on an Economics Panel regarding the fradulent roots of our current crisis and the urgent need for criminal prosecutions among major US banks.

In the Savings and Loans crisis, which was 1/70th the size of this crisis, our agency made over 10,000 criminal referrals and that resulted in the conviction on felony grounds of over 1,000 elites in what were designated as major cases. And to pick up on what’s just been said, this is not just some sidelight to economics, this is why we have recurrent intensifying crises, is these epidemics of fraud from the C-Street—from the CEOs and CFOs.

In the Savings and Loans crisis, the inevitable National Commission said that fraud was invariably present at the typical large failure. In the Enron era, always frauds from the very top of the organization, and in this crisis the frauds came from the very top of the organization again. But what’s different in this crisis? In this crisis, the same agency that I worked with that made over 10,000 criminal referrals in a tinier crisis made zero criminal referrals. They got rid of the entire function. And so there are zero convictions of anybody in the elite ranks of Wall Street. And if they can defraud us with impunity they will cause crisis after crisis and they will produce maximum inequality.

The group that has the audacity to refer to itself as the productive class is the largest destroyer of lives, jobs, and of wealth of any group ever produced in this world. They wiped out six million existing jobs and five to six million jobs that would’ve been created. As you’ve heard, they’ve left 26 million Americans wanting full-time work with no ability to find that work. If you look at just losses in the household sector, it is $11 trillion. A trillion is a thousand billion. And then they have the nerve to say they are the productive class; and, not this journalist, but what we get as faux journalism today, repeats this endlessly as if it were a fact—that they create jobs. They destroy jobs. They are mass destroyers of jobs.

I told you I would bring you a message of hope. I will disagree a little bit with a fact pattern about the Reagan administration and re-regulation on Savings and Loans, because that’s where I was. I will tell you this: everyone opposed our re-regulation of the industry. The big deregulation bill, the equivalent of the repeal of Glass-Steagall and such, occurred in 1982 and became effective in 1983. By November 1983, we were already re-regulating the Savings and Loan industry. And we were called re-regulators because that was the greatest swear word the Reagan administration believed existed—to call people re-regulators. But this was not partisan—a majority of the members of the House at the time it was controlled by Democrats co-sponsored a resolution saying do not go forward with re-regulation.

Five US Senators who became known as the Keating 5 because the most infamous fraud of that era got them together—and who, by the way, did Charles Keating and that fraud use to recruit the Keating 5? Brought him as a lobbyist to walk the halls of the Senate—a guy named Alan Greenspan. Who also put in writing Lincoln Savings posed no foreseeable risk of loss. It was only the most expensive failure—a 3000 position error. And after he got everything wrong in the most important issues he had ever dealt with, after that fact we named him Chairman of the Federal Reserve because we promote incompetence if it helps the 1%.

The Reagan administration was so outraged that we were closing insolvent Savings and Loans with great political support that the Office of Management and Budget threatened to file a criminal referral against the head of our agency on the grounds that he was closing too many insolvent banks. Do we have that problem recently? You see Geithner out trying to close the big powerful banks? And that Reagan administration tried to appoint two members—there were only three members running the place—so this would’ve given control to Charles Keating, the most notorious fraudster in the Savings and Loans crisis, who selected two individuals to run the agency that would then not regulate him. One of them got knocked out on ambiguous political grounds and the other I had to blow the whistle to get him to resign in disgrace, but of course they didn’t prosecute him.

We can prosecute these frauds. The Federal Housing Finance Administration has just filed complaints saying 17 of the largest banks in America committed massive fraud—endemic fraud—and that there’s a paper trail proving that they did so. So where is the Justice department? Why is it not indicting these clear frauds?

When you are told no one could see this crisis coming, ask them about the subprime crisis of 1990 to 1991. It’s a trick question. As all good things do in the world of fraud, this one started in Orange County, where you had significant people making liars loans. Now, remember, it is the lenders who put the lies in liars loans, not the borrowers. We know this empirically. And we stopped that—because it was insane—as regulators. And guess what happened? The leading folks making liars loans gave up their federal charter, gave up federal deposit insurance, and became a mortgage bank for the sole purpose of escaping regulation. And they changed their name. Some of you will recognize this name—to Ameriquest. Ameriquest was the leading predatory lender that in addition to making liars loans every day of the week targeted minorities to destroy that wealth you just heard about. They targeted Latinos, they targeted Blacks, and they were caught. They were caught three times doing this and the justice department refused to prosecute. Instead they settled for four hundred million dollars and guess what happened to the head of Ameriquest? Did he: a) resign in disgrace, b) was he indicted, or c) did we make him our ambassador to the Netherlands? Got it and won. How hard is this to figure out? Why do you think we made him our ambassador to the Netherlands? Because he was the leading political contributor to president of the United States of America. And that’s bad but what comes next is far worse. Remember, this is the most notorious fraud in the nation. It targets minorities. Everybody knows it does so. Two entities rushed to acquire these personnel and this business and their names—Citicorp and Washington Mutual—who become two of the most notorious frauds in all of this.

So timewise I’ll stop here but the case is, when we prosecuted, we had a ninety-percent conviction rate when they had the best criminal defense lawyers in the world and they spent money like water to protect the CEO from going to prison. So when they tell you no one can stop this, it is utter nonsense. I’ll leave you with these statistics: the FBI warned of this in September 2004. In open testimony, it warned expressly that there was an epidemic—I’m quoting—an “epidemic of mortgage fraud” and it predicted it would cause a financial crisis. If that’s not enough, the industry own anti-fraud experts in 2006, in writing, went to every mortgage banker in America and virtually every other lender and said three things: 1) stated income loans are an open invitation to fraudsters, 2) the incidence of fraud in such loans is 90%, and 3) these loans deserve the phrase—used by the industry behind closed doors—they are liars loans because they are pervasively fraudulent. How big did they get? Well, what did the industry do after it was warned? Did it stop making these loans? No! It massively increased the amount of these loans such that by 2006, one out of every three home loans in America was a liars loan. And that’s why we have a crisis and it came from the very top of these organizations, and it went through—as the FHFA said in its complaint—the largest banks in the world were endemically fraudulent. It is not a few rotten apples. It is an orchard of one percenters who are rotten to the core.

The Fed’s Dirty Not-So-Little Secrets

This is the Drudge Report’s currrent top headline. Reports Bloomberg:

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.

A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.

And who decided to give a small cartel of internationalist bankers the power to create money and credit out of thin air? What more do these evil men want, now that they have "all the money in the world"? Power. Plain and simply, POWER.

And who decided to believe that their little pieces of paper are "money"? With these little pieces of paper, international elitists will buy the government of the whole world.

And who will wake up and understand this conspiracy of Satan and the men he has decieved? A brilliant plan of the devil; It is so simply; it is yet right in front of our eyes...

This is a satirical video of the world monetary system.

http://www.youtube.com/watch?feature=player_detailpage&v=5odRIK28TWU

This is a commercial aired back in 2007 on who could qualify for a sub prime loan in Hungary.

http://www.youtube.com/watch?v=OjXl61uKq8c&feature=player_detailpage

Now we are told that the U.S. Banks were forced to lend to unqualified buyers. But as you can see, this sub prime lending scheme was world wide.

The Federal Reserve just printed more money to loan to the European Banking System...this is a small part of an article explaining who will be impacted by this action...

"In short, European banks were finding it too expensive to make dollar loans, which hurt their ability to lend dollars and encouraged them to sell euros. This depressed the value of the euro and restricted credit in Europe. The ECB arranged to borrow dollars more cheaply from the Fed, so it could ease this market.

So was is this some giant giveaway to profligate Europeans of US taxpayer money?

Not quite. In the first place, European banks are major lenders to the US corporate market. When they cannot participate in dollar loans to US companies, US credit also contracts. What’s more, these are loans to the ECB, which is unlikely to default. Finally, the Fed isn’t lending out “taxpayer dollars” at all. Rather, it is lending out newly created dollars at very low interest rates.

That doesn’t mean that US taxpayers are not risk here, of course. The new dollars have the potential to spark inflation—which could result in higher interest rates and higher taxes as the government combats inflation. But in the current economic environment, the risk of inflation is very slight. "

Please notice... "Rather, it is lending out newly created dollars at very low interest rates. "

This speaks to the desire of man to rule over one another to his own hurt.

http://www.youtube.com/watch?feature=player_detailpage&v=MohcmiNz738

There is nothing new under the sun....

http://www.youtube.com/watch?feature=player_detailpage&v=bM2Ql3wOGcU

This audio concerns the untold story of the financial collapse of MF Global. This happened last month, and there are very few headlines concerning the scope of this event.

http://www.netcastdaily.com/broadcast/fsn2011-1201-1.mp3

Here is another story on the corruption that has permeated our country...

http://www.cbsnews.com/video/watch/?id=7390540n

http://www.cbsnews.com/video/watch/?id=7390542n

Ok, so what can a body do about it?

Watch and see dear Sister... watch and see:

http://www.youtube.com/watch?v=sLtdFtSAmLw

God is doing something in the earth, even at this late hour, something that we may not even be able to believe, though a man should declare it unto us...

Love in Christ, and be well.
Doug

ginnyrose asks:

"Ok, so what can a body do about it?"

Pro 1:10 My son, if sinners entice you, Do not consent.

Pro 1:11 If they say, "Come with us, Let us lie in wait to [shed] blood; Let us lurk secretly for the innocent without cause;

Pro 1:12 Let us swallow them alive like Sheol, [fn] And whole, like those who go down to the Pit;

Pro 1:13 We shall find all [kinds] of precious possessions, We shall fill our houses with spoil;

Pro 1:14 Cast in your lot among us, Let us all have one purse"--

Pro 1:15 My son, do not walk in the way with them, Keep your foot from their path;

Pro 1:16 For their feet run to evil, And they make haste to shed blood.

Pro 1:17 Surely, in vain the net is spread In the sight of any bird;

Pro 1:18 But they lie in wait for their [own] blood, They lurk secretly for their [own] lives.

Pro 1:19 So [are] the ways of everyone who is greedy for gain; It takes away the life of its owners.

This is one aspect we as the body must recognize...

This interview covers a new documentary: K Street, The Best Government Money Can Buy

http://www.netcastdaily.com/broadcast/fsn2011-1208-1.mp3

This interview is very recent, concerning the condition of the European, Japanese, and American financial system.

http://www.youtube.com/watch?v=5V3kpKzd-Yw

The delusions are proving to be synergetic in nature....

Europe to Face Run on Banks in Coming Months, Kyle Bass Says Angelos Tzortzinis/Bloomberg
In Greece, business and household bank deposits have slumped 26 percent in the past two years to 176 billion euros ($229 billion), and fell in October by the most since the nation joined the euro, according to the Bank of Greece.

In Greece, business and household bank deposits have slumped 26 percent in the past two years to 176 billion euros ($229 billion), and fell in October by the most since the nation joined the euro, according to the Bank of Greece. Photographer: Angelos Tzortzinis/Bloomberg
.Kyle Bass, the Dallas-based hedge fund manager who said in 2009 that governments would default within three years, said Greek, Portuguese and Spanish depositors will withdraw money from banks in the coming months.

“Just as Latvians ran to the ATMs this weekend, so will depositors all over peripheral Europe in the months ahead,” Bass, who runs Hayman Capital Management LP, said in an investor letter. “Deposits are now declining at an accelerated pace. What’s surprising is that it hasn’t happened much sooner.”

In Greece, business and household bank deposits have slumped 26 percent in the past two years to 176 billion euros ($229 billion), and fell in October by the most since the nation joined the euro, according to the Bank of Greece. There were 2.24 trillion euros of overnight deposits with euro-region financial institutions at the end of September, down from 2.26 trillion in July, according to data compiled by Bloomberg.

Latvians pulled about $54 million from local Swedbank AB automatic teller machines on Dec. 11 and 12 on speculation customers wouldn’t be able to access their funds. “The rumors were knowingly distributed with the goal of destabilizing the situation in Latvia,” Prime Minister Valdis Dombrovskis said, according to the Leta newswire. Clients withdrew about 1.5 percent of total deposits on Dec. 12, the Swedish bank said in an e-mailed statement.

A Dec. 9 European Union summit was the 15th in 23 months as leaders attempt to contain a surge in bond yields that threatens the survival of the common currency.

‘Failed Attempt’
S&P placed the ratings of 15 euro nations on review for possible downgrade on Dec. 5, including the region’s six AAA rated countries. Moody’s said Dec. 12 it will review the ratings of all EU countries in the first quarter of 2012 because the summit didn’t produce “decisive policy measures.”

“As European leaders press forward with failed attempt after failed attempt to suppress borrowing costs, control spending, reduce deficits and prop up what the markets have already told us is a broken monetary system, the data tells us that the citizens of the most troubled and profligate nations are losing confidence in the euro dream,” Bass, whose firm oversees about $948 million, said in the letter, a copy of which was obtained by Bloomberg.

He said trust and confidence in the region’s economy has been lost and reiterated that sovereign defaults are “imminent.”

This is part 1 of a two part documentary...

http://www.youtube.com/watch?feature=player_detailpage&v=2-KVieLh9Uc

Here are some quotes that explain where we as a nation are falling into...

"Fascism should more appropriately be call Corporatism because it is a merger of State and corporate power."

Benito Mussolini, Fascist dictator of Italy

"Fascism will come to America in the name of anti-fascism, based on my own long experience, that fascism will come to America in the name of National Security."

Senator Huey Long

"Fascism is Capitalism in decay."

Nikolai Lenin

That was interesting, with the analyst's conclusion of 2014 as the 'final deadline'. I'm watching this just from the sidelines, and only pay attention when things like gold suddenly jump again like in the last few weeks, what indicates to me the size of the trouble investors face with the current economy.

His 'analytic prediction' line up with two other occurences of that timeline, one is the extreme low interest Fed credit policy until 2014 and the other is someone that sees this based on Isaiah:

Isaiah 23:8  Who hath taken this counsel against Tyre, the crowning city, whose merchants are princes, whose traffickers are the honourable of the earth? The LORD of hosts hath purposed it, to stain the pride of all glory, and to bring into contempt all the honourable of the earth. Pass through thy land as a river, O daughter of Tarshish: there is no more strength. He stretched out his hand over the sea, he shook the kingdoms: the LORD hath given a commandment against the merchant city, to destroy the strong holds thereof.

He comes also to 2014 by some currency agreement that came into effect 68 years ago, and will be 70 years old in 2014.
What he ties in with "Isaiah 23:17  And it shall come to pass after the end of seventy years, that the LORD will visit Tyre,"

Not sure about that, however he wrote that from the land of Chittim no less ( Isaiah : "from the land of Chittim it is revealed to them." )

There is another source that comes from a very different angle, not predictive neither prophetic, but rather "insider info of what is currently planned" inside the global elite camp, his name is Lindsey Williams and he said last month that the dollar will "be declined" as in a 'controlled demolition' by 40% in 2012. While there will be close to free credit made available to entangle as many as possible going into new debt, what just got confirmed by latest Fed anouncements. He also said " Iran will be made to attack" what could change the whole timeline to speed up a bit. That's their plan, subject to change. I cannot comment on that, but it's a real possibility with very uncertain outcome, even if that conflict wouldn't spread immediately outside the region, but it would eventually. I was reading Daniel 8 a few times and could not figure out when the "he goat" gets his horn broken, directly at the Iran conflict, or after a while feeling all powerful because of it.

yes, knocked down 'by' seems correct. What follows then must be the repercussions. Discovered the Medes after Isaiah also in Jeremiah:

Jeremiah 51:11  Make bright the arrows; gather the shields: the LORD hath raised up the spirit of the kings of the Medes: for his device is against Babylon, to destroy it; because it is the vengeance of the LORD, the vengeance of his temple.

"the four notable ones rise up first". I was looking at this always in a sense of slicing a cake into 4 pieces. But you can look at it also in a prophetic way were all times are graphically before you all at the same time. Then what you get are 4 empires, and out of the last one emerges the little horn. I would be so bold to say America is the 4th. empire and the little horn comes to power directly at that moment in time when the global power of the US ends, what will come as a total surprise to everyone. And most likely not voluntary or as a slow process.

Most researchers don't want to see who it is exactly that has the most military bases in foreign nations all around the globe and would be rightfully called "the hammer of the whole world" policing the world according to Jeremiah 50:23. But there is nobody else to look for, only one nation qualifies for that position by a huge margin, and much more perfect and global than any empire predecessor. And it's not just the military bases most everywhere you go. Have a vacation in any distant beach destination and watch cable TV and count the channels according to their originating nations. American channels usually have between 80% and 90% market share everywhere except in some totally locked down countries. Now that's the power of reach and the ability for mind propaganda the 3rd Reich wished they would have had. They really worked a lot on presentation and perception in between those 'performances of reality' between the empires.

mmmmhhh......that sounds like 'almost right' to me. Sure, UN and blue helmets, a no-brainer, see Libya. You almost cannot trace back where the original command comes from anymore. But i don't buy the Phoenix saga. I would call that a well placed motivational mind piece to keep them believing the fable which in reality is a lie. Just like the Euopean royals saga of "that Jesus that did not really die but married Mary Magdalene"

Or in other words the outcome will be different entirely, and that simply because God has a different motivation in the whole process concerning the parties involved. It's better to read the prophets over and over and watch scripture prophecy and how it pans out in regard to Judah.

I think we're actually already a step further ahead in what you still see as coming soon (soul trafficking). It only has a very unexpected pleasant appearance, that's why we do not always explicitly notice it (anymore - as a result of the general brainwashing process) as being evil. That's part of the actual mystery and diversity of the 4th beast. That is what they're actually really good at : Special effects, creating delusions and rewriting reality. Yes, agree with who's riding who, but this is also camouflaged and we cannot be entirely certain who exactly pulls the strings. Except, in case you really dig deep and deeper it somehow looks like that many if not most roads lead to Rome and London. The most complex things that appear to be entirely different in broad day light come from there and not Wash DC, so i wouldn't be surprised if these two supply the candidates for the final power sharing delusion that takes over Jerusalem.

We went off from the financial aspect of the grand delusion to try to decipher it all. Right now something I can know for sure is that any paper asset and bank related contract is in danger of becoming worthless this year, that's the most conservative estimate.

That "they will take us to war" is the next thing to look out for, I listened to a radio file last week to learn that all these wars and "arab uprisings" already had been planned and decided on many years ago and it was a known fact among top military insiders. Only misunderstood as a "conspiracy theory" by the less discerning. So let's see if they can pull it off, and tople Damascus and Teheran also in like manner without getting burned. But somehow i doubt it, just because i never really paid attention to the word "Medes" in the prophets before, but now discovered they play such a dominant role in all of them.

Any way you slice it you almost can count the years now. I'm not sure how to bring in Ezekiel and the strategies and objectives of Pike's guiding spirit into the picture. What does it take to pull off the great counterfeit that makes everyone believe the end of the world is here?

In that line of thinking, did you ever consider the possible sinister meaning of the word "pretrib rapture" when you consider the originating roots of it, planted by a mind that thinks strategically forward to maximize that great counterfeit? Is Pike's camp hinting at a great departure of souls as in a great war that will make the remaining people so desolate as to question their faith and even consider the "pure doctrine of the light bearer"? Now that is a loaded but real question for any AOG pastor that is involved in that imported Jesuit teaching of pretrib land.

Here ia an article concerning the "Money Changers". These are the current den of thieves.

Federal Reserve: Ten Things That Every American Should Know About The Fed (UUP, C, BAC, JPM, GS, MS, WFC)
February 9th, 2012Goto commentsLeave a comment

Michael Snyder: What would happen if the Federal Reserve was shut down permanently? That is a question that CNBC asked recently, but unfortunately most Americans don’t really think about the Fed much. Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. During this election year, the economy is the number one issue that voters are concerned about. But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve. The Federal Reserve has more power over the performance of the U.S. economy than anyone else does. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did. If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve.

The following are 10 things that every American should know about the Federal Reserve….

#1 The Federal Reserve System Is A Privately Owned Banking Cartel

The Federal Reserve is not a government agency.

The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.

The Federal Reserve openly admits that it is privately owned. When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.

In fact, if you want to find out that the Federal Reserve system is owned by the member banks, all you have to do is go to the Federal Reserve website….

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Foreign governments and foreign banks do own significant ownership interests in the member banks that own the Federal Reserve system. So it would be accurate to say that the Federal Reserve is partially foreign-owned.

But until the exact ownership shares of the Federal Reserve are revealed, we will never know to what extent the Fed is foreign-owned.

#2 The Federal Reserve System Is A Perpetual Debt Machine

As long as the Federal Reserve System exists, U.S. government debt will continue to go up and up and up.

This runs contrary to the conventional wisdom that Democrats and Republicans would have us believe, but unfortunately it is true.

The way our system works, whenever more money is created more debt is created as well.

For example, whenever the U.S. government wants to spend more money than it takes in (which happens constantly), it has to go ask the Federal Reserve for it. The federal government gives U.S. Treasury bonds to the Federal Reserve, and the Federal Reserve gives the U.S. government “Federal Reserve Notes” in return. Usually this is just done electronically.

So where does the Federal Reserve get the Federal Reserve Notes?

It just creates them out of thin air.

Wouldn’t you like to be able to create money out of thin air?

Instead of issuing money directly, the U.S. government lets the Federal Reserve create it out of thin air and then the U.S. government borrows it.

Talk about stupid.

When this new debt is created, the amount of interest that the U.S. government will eventually pay on that debt is not also created.

So where will that money come from?

Well, eventually the U.S. government will have to go back to the Federal Reserve to get even more money to finance the ever expanding debt that it has gotten itself trapped into.

It is a debt spiral that is designed to go on perpetually.

You see, the reality is that the money supply is designed to constantly expand under the Federal Reserve system. That is why we have all become accustomed to thinking of inflation as “normal”.

So what does the Federal Reserve do with the U.S. Treasury bonds that it gets from the U.S. government?

Well, it sells them off to others. There are lots of people out there that have made a ton of money by holding U.S. government debt.

In fiscal 2011, the U.S. government paid out 454 billion dollars just in interest on the national debt.

That is 454 billion dollars that was taken out of our pockets and put into the pockets of wealthy individuals and foreign governments around the globe.

The truth is that our current debt-based monetary system was designed by greedy bankers that wanted to make enormous profits by using the Federal Reserve as a tool to create money out of thin air and lend it to the U.S. government at interest.

And that plan is working quite well.

Most Americans today don’t understand how any of this works, but many prominent Americans in the past did understand it.

For example, Thomas Edison was once quoted in the New York Times as saying the following….

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.

We should have listened to men like Edison and Ford.

But we didn’t.

And so we pay the price.

On July 1, 1914 (a few months after the Fed was created) the U.S. national debt was 2.9 billion dollars.

Today, it is more than more than 5000 times larger.

Yes, the perpetual debt machine is working quite well, and most Americans do not even realize what is happening.

#3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar

Did you know that the U.S. dollar has lost 96.2 percent of its value since 1900? Of course almost all of that decline has happened since the Federal Reserve was created in 1913.

Because the money supply is designed to expand constantly, it is guaranteed that all of our dollars will constantly lose value. [Related: Powershares Dollar Bullish ETF (NYSEArca:UUP), Powershares Bearish ETF (NYSEArca:UDN)]

Inflation is a “hidden tax” that continually robs us all of our wealth. The Federal Reserve always says that it is “committed” to controlling inflation, but that never seems to work out so well.

And current Federal Reserve Chairman Ben Bernanke says that it is actually a good thing to have a little bit of inflation. He plans to try to keep the inflation rate at about 2 percent in the coming years.

So what is so bad about 2 percent? That doesn’t sound so bad, does it?

Well, just consider the following excerpt from a recent Forbes article….

The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.

#4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability

The American people got so upset about the bailouts that Congress gave to the Wall Street banks and to the big automakers, but did you know that the biggest bailouts of all were given out by the Federal Reserve?

Thanks to a very limited audit of the Federal Reserve that Congress approved a while back, we learned that the Fed made trillions of dollars in secret bailout loans to the big Wall Street banks during the last financial crisis. They even secretly loaned out hundreds of billions of dollars to foreign banks.

According to the results of the limited Fed audit mentioned above, a total of $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010.

The following is a list of loan recipients that was taken directly from page 131 of the audit report….

Citigroup (NYSE:C) – $2.513 trillion
Morgan Stanley (NYSE:MS) - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America (NYSE:BAC) – $1.344 trillion
Barclays PLC (NYSE:BCS) – $868 billion
Bear Sterns – $853 billion
Goldman Sachs (NYSE:GS) – $814 billion
Royal Bank of Scotland (NYSE:RBS) – $541 billion
JP Morgan Chase (NYSE:JPM) – $391 billion
Deutsche Bank (NYSE:DB) - $354 billion
UBS (NYSE:UBS) – $287 billion
Credit Suisse (NYSE:CS) – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo (NYSE:WFC) – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

So why haven’t we heard more about this?

This is scandalous.

In addition, it turns out that the Fed paid enormous sums of money to the big Wall Street banks to help “administer” these nearly interest-free loans….

Not only did the Federal Reserve give 16.1 trillion dollars in nearly interest-free loans to the “too big to fail” banks, the Fed also paid them over 600 million dollars to help run the emergency lending program. According to the GAO, the Federal Reserve shelled out an astounding $659.4 million in “fees” to the very financial institutions which caused the financial crisis in the first place.

Does reading that make you angry?

It should.

#5 The Federal Reserve Is Paying Banks Not To Lend Money

Did you know that the Federal Reserve is actually paying banks not to make loans?

It is true.

Section 128 of the Emergency Economic Stabilization Act of 2008 allows the Federal Reserve to pay interest on “excess reserves” that U.S. banks park at the Fed.

So the banks can just send their cash to the Fed and watch the money come rolling in risk-free.

So are many banks taking advantage of this?

You tell me. Just check out the chart below. The amount of “excess reserves” parked at the Fed has gone from nearly nothing to about 1.5 trillion dollars since 2008….

But shouldn’t the banks be lending the money to us so that we can start businesses and buy homes?

You would think that is how it is supposed to work.

Unfortunately, the Federal Reserve is not working for us.

The Federal Reserve is working for the big banks.

Sadly, most Americans have no idea what is going on.

Another example of this is the government debt carry trade.

Here is how it works. The Federal Reserve lends gigantic piles of nearly interest-free cash to the big Wall Street banks, and in turn those banks use the money to buy up huge amounts of government debt. Since the return on government debt is higher, the banks are able to make large profits very easily and with very little risk.

This scam was also explained in a recent article in the Guardian….

Consider this: we pretend that banks are private businesses that should be allowed to run their own affairs. But they are the biggest scroungers of public money of our time. Banks are lent vast sums of money by central banks at near-zero interest. They lend that money to us or back to the government at higher rates and rake in the difference by the billion. They don’t even have to make clever investments to make huge profits.

That is a pretty good little scam they have got going, wouldn’t you say?

#6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging

By allowing a centralized authority such as the Federal Reserve to dictate interest rates, it creates an environment where financial bubbles can be created very easily.

Over the past several decades, we have seen bubble after bubble. Most of these have been the result of the Federal Reserve keeping interest rates artificially low. If the free market had been setting interest rates all this time, things would have never gotten so far out of hand.

For example, the housing crash would have never been so horrific if the Federal Reserve had not created such ideal conditions for a housing bubble in the first place. But we allow the Fed to continue to make the same mistakes.

Right now, the Federal Reserve continues to set interest rates much, much lower than they should be. This is causing a tremendous misallocation of economic resources, and there will be massive consequences for that down the line.

#7 The Federal Reserve System Is Dominated By The Big Wall Street Banks

Even since it was created, the Federal Reserve system has been dominated by the big Wall Street banks.

The following is from a previous article that I did about the Fed….

The New York representative is the only permanent member of the Federal Open Market Committee, while other regional banks rotate in 2 and 3 year intervals. The former head of the New York Fed, Timothy Geithner, is now U.S. Treasury Secretary. The truth is that the Federal Reserve Bank of New York has always been the most important of the regional Fed banks by far, and in turn the Federal Reserve Bank of New York has always been dominated by Wall Street and the major New York banks.

#8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913

On February 3rd, 1913 the 16th Amendment to the U.S. Constitution was ratified. Later that year, the United States Revenue Act of 1913 imposed a personal income tax on the American people and we have had one ever since.

Without a personal income tax, it is hard to have a central bank. It takes a lot of money to finance all of the government debt that a central banking system creates.

It is no accident that the 16th Amendment was ratified in 1913 and the Federal Reserve system was also created in 1913.

They have a symbiotic relationship and they are designed to work together.

We could fill Congress with people that are committed to ending this oppressive system, but so far we have chosen not to do that.

So our children and our grandchildren will face a lifetime of debt slavery because of us.

I am sure they will be thankful for that.

#9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence

The mainstream media portrays Federal Reserve Chairman Ben Bernanke as a brilliant economist, but is that really the case?

The following is an extended excerpt from an article that I published previously….

———-

In 2005, Bernanke said that we shouldn’t worry because housing prices had never declined on a nationwide basis before and he said that he believed that the U.S. would continue to experience close to “full employment”….

“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”

In 2005, Bernanke also said that he believed that derivatives were perfectly safe and posed no danger to financial markets….

“With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.”

In 2006, Bernanke said that housing prices would probably keep rising….

“Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.”

In 2007, Bernanke insisted that there was not a problem with subprime mortgages….

“At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”

In 2008, Bernanke said that a recession was not coming….

“The Federal Reserve is not currently forecasting a recession.”

A few months before Fannie Mae and Freddie Mac collapsed, Bernanke insisted that they were totally secure….

“The GSEs are adequately capitalized. They are in no danger of failing.”

For many more examples that demonstrate the absolutely nightmarish track record of Federal Reserve Chairman Ben Bernanke, please see the following articles….

*”Say What? 30 Ben Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry”

*”Is Ben Bernanke A Liar, A Lunatic Or Is He Just Completely And Totally Incompetent?”

But after being wrong over and over and over, Barack Obama still nominated Ben Bernanke for another term as Chairman of the Fed.

———-

#10 The Federal Reserve Has Become Way Too Powerful

The Federal Reserve is the most undemocratic institution in America.

The Federal Reserve has become so powerful that it is now known as “the fourth branch of government”, but there are less checks and balances on the Fed than there are on the other three branches.

The Federal Reserve runs the U.S. economy but it is not accountable to the American people. We can’t vote those that run the Fed out of office if we do not like what they do.

Yes, the president appoints those that run the Fed, but he also knows that if he does not tread lightly he won’t get the money from the big Wall Street banks that he needs for his next election.

Thankfully, there are a few members of Congress that are complaining about how much power the Fed has. For example, Ron Paul once told MSNBC that he believes that the Federal Reserve is now actually more powerful than Congress…..

“The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress.”

As members of Congress such as Ron Paul have started to shed some light on the activities of the Federal Reserve, that has caused many in the mainstream media to come to the defense of the Fed.

For example, a recent CNBC article entitled “If The Federal Reserve Is Abolished, What Then?” makes it sound like there is absolutely no other rational alternative to having the Federal Reserve run our economy.

But this is not what our founders intended.

The founders did not intend for a private banking cartel to issue our money and set our interest rates for us.

According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress has been given the responsibility to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.

So why is the Federal Reserve doing it?

But the CNBC article mentioned above makes it sound like the sky would fall if control of the currency was handed back over to the American people.

At one point, the article asks the following question….

“How would the U.S. economy then function? Something has to take its place, right?”

No, the truth is that we don’t need anyone to “manage” our economy.

The U.S. Treasury could be in charge of issuing our currency and the free market could set our interest rates.

We don’t need to have a centrally-planned economy.

We aren’t China.

And it goes against everything that our founders believed to be running up so much government debt.

For example, Thomas Jefferson once declared that if he could add just one more amendment to the U.S. Constitution it would be a ban on all government borrowing….

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

Oh, how things would have been different if we had only listened to Thomas Jefferson.

Please share this article with as many people as you can. These are things that every American should know about the Federal Reserve, and we need to educate the American people about the Fed while there is still time.

Written By Michael Snyder From The Economic Collapse

Michael has an undergraduate degree in Commerce from the University of Virginia and a law degree from the University of Florida law school. He also has an LLM from the University of Florida law school. Michael has worked for some of the largest law firms in Washington D.C., but now is mostly focus on trying to make a difference in the world.

a-servant wrote:

"Isaiah 23:8 Who hath taken this counsel against Tyre, the crowning city, whose merchants are princes, whose traffickers are the honourable of the earth? The LORD of hosts hath purposed it, to stain the pride of all glory, and to bring into contempt all the honourable of the earth. Pass through thy land as a river, O daughter of Tarshish: there is no more strength. He stretched out his hand over the sea, he shook the kingdoms: the LORD hath given a commandment against the merchant city, to destroy the strong holds thereof.

He comes also to 2014 by some currency agreement that came into effect 68 years ago, and will be 70 years old in 2014.
What he ties in with "Isaiah 23:17 And it shall come to pass after the end of seventy years, that the LORD will visit Tyre,"

Not sure about that, however he wrote that from the land of Chittim no less ( Isaiah : "from the land of Chittim it is revealed to them." )"

This has happened over and over again in various generations...

Isa 23:15\tNow it shall come to pass in that day that Tyre will be forgotten seventy years, according to the days of one king. At the end of seventy years it will happen to Tyre as [in] the song of the harlot:

Isa 23:16\t"Take a harp, go about the city, You forgotten harlot; Make sweet melody, sing many songs, That you may be remembered."

Isa 23:17\tAnd it shall be, at the end of seventy years, that the LORD will deal with Tyre. She will return to her hire, and commit fornication with all the kingdoms of the world on the face of the earth.

The harlot has been allowed to prosper in many generations. Judgement follows where the money changer is removed so that justice might follow. Where a generation might experience the ways of the Lord more fully. The money changer system is replaced by the Lord's system...

Eze 45:9\t'Thus says the Lord GOD: "Enough, O princes of Israel! Remove violence and plundering, execute justice and righteousness, and stop dispossessing My people," says the Lord GOD.

Eze 45:10\t"You shall have honest scales, an honest ephah, and an honest bath.

Eze 45:11\t"The ephah and the bath shall be of the same measure, so that the bath contains one-tenth of a homer, and the ephah one-tenth of a homer; their measure shall be according to the homer.

Eze 45:12\t"The shekel [shall be] twenty gerahs; twenty shekels, twenty-five shekels, [and] fifteen shekels shall be your mina.

Eze 45:13\t"This [is] the offering which you shall offer: you shall give one-sixth of an ephah from a homer of wheat, and one-sixth of an ephah from a homer of barley.

Eze 45:14\t"The ordinance concerning oil, the bath of oil, [is] one-tenth of a bath from a kor. [A kor is] a homer

Do you see the difference between these two systems?

Jesus-is-God wrote:

"The purpose of this would be to rid the world of those that won't go along with a United Religion,"

http://www.youtube.com/watch?v=2Oe6HUgrRlQ&feature=player_detailpage

Please reflect on this statement made by this man..

It is necessary that Scripture be replaced with culture.

"Do you see the difference between these two systems?"

Yes, i think the difference is clear, i had a time i was sending out my own invoices and am a bit familiar with the standards and system dynamics.

I also have something merchant related: What is the difference between the world's merchants and Babylon's merchants?

Revelation 18:23  .... for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived.

This is talking about Babylon's merchants. They are called "the great men of the earth" and we learn that they have great influence on other nations, to the degree of having the ability to deceive them.

While the 'merchants of the world' will stand afar to see Babylon fall, that means Babylon falls first, while the world watches and weeps. What is their relationship with the merchants of Babylon?

Revelation 18:15  The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing,

They have been made rich by her. Now if you can think business, what we're looking for are the most influential global corporations that have the most international affiliates.

For people that don't know for a fact who the most influential great merchants of the world are that have such an impact on other nations, get a Forbes magazine and see their lists of top 400 or 500 global companies of the world. Have a look which corporations dominate the global markets, have the largest affiliate bases and spend the most on advertising. All these numbers are also available online for someone that knows how to locate makets, affiliate, and advertising data.

That little research alone should give it away. There are no obstacles to know the truth for the ones that really believe the words in the Bible, and follow the hints that allow anyone to make a positive identification.

Hello rookie, I believe you and other participants in this thread will appreciate this video:

http://www.mojvideo.com/video-the-weight-of-chains-part-1/c28ba168153f524eee71#

(there are 5 parts which can be found right of the video)

I watched it recently, and it was right on the head, showing the things very well about the hypocrisy of the Western civilization with the leader America. It's interesting that those things are happening again, and again, and again in different parts of the world in this recent history, why is so?

The Europe crisis is in full swing now. It's not only Greece, it goes around in circles into bigger economies such as Italy and Spain. It's not that it's a secret anymore, it sort of is hidden in plain sight. Look carefully what's happening. JR Morgan reports a 2 Billion loss. Anybody pays attention? Not really, it's just more of the same things that are underway since 2008.

I'm just following up with that, as do others, like for example:

Heist of the century: Wall Street's role in the financial crisis
http://www.guardian.co.uk/business/2012/may/20/wall-street-role-financial-crisis

now that article is basically a book review, that might only be interesting to insiders. I'm not one of these insiders, but I was watching the documentary of it on DVD which is much clearer than the article. I'd say if anyone truly wants to know what's going on on a technical level of our world economies - That's the one to watch. Europe is just the first one to go. The US will be next in line, thanks to men like these interviewed in this documentary. A high society of very clever thiefs. Truly the best of the best.

Oh I'm sorry, I got it partially wrong. I meant the comments to that article are the reviews. That mentioned article itself is not a review, it's an excerpt from the book version of that same documentary titled " Inside Job" by Charles Ferguson.

The video version is much better to understand than the article because it's presented in a clear and concise story telling format. It helped me greatly to understand the topic as a whole for the first time.Usually we only get bits and pieces in the news, but never the whole story and how the people involved connect to each other. The author has done excellent research and asks all the difficult questions, some of which are only partially answered or not answered at all by the people he interviews, and that makes them basically reveal themselves. Now that's investigative journalism at its finest.

ginnyrose Ok, so what can a body do about it?

Wow! lot of focus on the world here lately, hope all this don't take our focus off Christ. I ask this question once before here, on another thread, and it was avoided like the plague. Isn't there some things that are destined to happen according to the word of God that no prayer, no man, no concerns or worries are going to prevent? so why concern ourselves?

I personally don't know exactly what those things are, but God does give some examples of the things that will happen in in the end times, of course just in my personal opinion, the end times started over 2000 years ago and will continue until "GOD" tells his son Jesus Christ to return, because Jesus don't even know, and I am sure he is sure not as concerned as we are, he is probably even wondering why we spend so much time worrying about it, and not more time focusing on him.

My personal ticket to Heaven has been blood bought, and I have accepted Jesus Christ as my personal savior, and been saved by grace. Yes I know we are to use our God given wisdom for certain things, like we should not stand in the middle of the freeway, but are some letting the things of the world take away some of their focus of the Lord? I personally try and stay so focused on Jesus Christ, that I will not the things that are happening around the world that I have no control over, take my eyes off him.

I know in these last days drama will take over some minds, if you don't think so, take a look at the members on facebook and the money facebook is worth, and some of the damage it's done to what was once good folks with good relationships and focused on God. I really personally believe that FB is evil, yet it has not shown it's real face yet, only time will tell. I just thank God I got off a long time ago, and I personally think it was my discernment, speaking of discernment, it's really lacking in the Church of today.

Satan is still setting his traps as always, but now with the internet, he has the opportunity to catch more, lure them in with things that may appear to look like Blessings, but are just the opposite. My message here is, just be real careful about what you focus on, not one of us is beyond being lured away from our focus on Christ as long as we are on earth.

We really all need to focus more on these scriptures if we choose to also stay somewhat focused on the world.

Eph 6:10-17...Be strong in the Lord and in his mighty power. Put on the full armour of God so that you can take your stand against the devil's schemes. For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms. Therefore put on the full armour of God, so that when the day of evil comes, you may be able to stand your ground, and after you have done everything, to stand. Stand firm then, with the belt of truth buckled round your waist, with the breastplate of righteousness in place, and with your feet fitted with the readiness that comes from the gospel of peace. In addition to all this, take up the shield of faith, with which you can extinguish all the flaming arrows of the evil one. Take the helmet of salvation and the sword of the Spirit, which is the word of God.

MrBillPro wrote:

"We really all need to focus more on these scriptures if we choose to also stay somewhat focused on the world."

This is very true. As we feed on the Scriptures, the full counsel of God, we are also taught to recognize the deception that is in this world. As we recognize this deception, because of Scripture, we will grow in like mindedness. The like mindedness that we encounter is testified of in the book of Hebrews...

Hbr 11:13\tThese all died in faith, not having received the promises, but having seen them afar off were assured of them, [fn] embraced [them] and confessed that they were strangers and pilgrims on the earth.

Hbr 11:14\tFor those who say such things declare plainly that they seek a homeland.

Hbr 11:15\tAnd truly if they had called to mind that [country] from which they had come out, they would have had opportunity to return.

Hbr 11:16\tBut now they desire a better, that is, a heavenly [country]. Therefore God is not ashamed to be called their God, for He has prepared a city for them.

I have never counted the number of Scriptures which are concerned with evil, with that said, I believe more than half testify to the deception.

So as ginnyrose asked what can we do? We can as pilgrams bring the darkness that is in this world to light so that those who still have affections for this world will see the time of the current season...

rookie.....As we feed on the Scriptures, the full counsel of God, we are also taught to recognize the deception that is in this world. As we recognize this deception, because of Scripture, we will grow in like mindedness. The like mindedness that we encounter is testified of in the book of Hebrews...

Rookie I understand, most folks today with all the technology we have, would have to be living underground "not" to recognize the deception that is in this world.
But again, why can't I get some logical answer to this question I have asked here many times before?

"Isn't there some things that are destined to happen according to the word of God that no prayer, no man, no concerns or worries are going to prevent? so why concern ourselves?"

I am not trying to take away any ends times drama, I would just like to have a logical answer to my question. It's like everyone here must get the Deer in the headlights look over this question.

MrBillPro asks:

"Isn't there some things that are destined to happen according to the word of God that no prayer, no man, no concerns or worries are going to prevent? so why concern ourselves?"

Yes in every generation there are consequences that no one man can change. Yet we have examples of faithful ones who God uses to do the things spoken of in following Scripture...

Job 29:6\tWhen my steps were bathed with cream, [fn] And the rock poured out rivers of oil for me!

Job 29:7\t"When I went out to the gate by the city, [When] I took my seat in the open square,

Job 29:8\tThe young men saw me and hid, And the aged arose [and] stood;

Job 29:9\tThe princes refrained from talking, And put [their] hand on their mouth;

Job 29:10\tThe voice of nobles was hushed, And their tongue stuck to the roof of their mouth.

Job 29:11\tWhen the ear heard, then it blessed me, And when the eye saw, then it approved me;

Job 29:12\tBecause I delivered the poor who cried out, The fatherless and [the one who] had no helper.

Job 29:13\tThe blessing of a perishing [man] came upon me, And I caused the widow's heart to sing for joy.

Job 29:14\tI put on righteousness, and it clothed me; My justice [was] like a robe and a turban.

Job 29:15\tI [was] eyes to the blind, And I [was] feet to the lame.

Job 29:16\tI [was] a father to the poor, And I searched out the case [that] I did not know.

Job 29:17\tI broke the fangs of the wicked, And plucked the victim from his teeth.

Jesus, in His ministry did the same things. He knew what was coming in His own generation. He pointed out the evil and the deception. This is done to root out, to cast down, and to destroy what the devil is working.

So you ask, "Why concern ourselves"? How should we love?

Hi! Rookie
You and I appear to share a common interest in the social economic scheme of things.
I have the mind that the natural world as we perceive it from "below" is primarily a domination system ... but when viewing it from "above", it becomes more clearly perceived as an anti-Christ system.
It's not for nothing that the Scriptures encourage us to "keep our minds on things above". Nor is it redundant to comprehend that faith is first and foremost "the evidence of things unseen". Therefore, we are able to clearly recognize the true origins of both good and evil.

Blayne wrote:

"I have the mind that the natural world as we perceive it from "below" is primarily a domination system ... but when viewing it from "above", it becomes more clearly perceived as an anti-Christ system."

Yes...

Mat 20:24\tAnd when the ten heard [it], they were greatly displeased with the two brothers.

Mat 20:25\tBut Jesus called them to [Himself] and said, "You know that the rulers of the Gentiles lord it over them, and those who are great exercise authority over them.

Mat 20:26\t"Yet it shall not be so among you; but whoever desires to become great among you, let him be your servant.

Mat 20:27\t"And whoever desires to be first among you, let him be your slave--

Mat 20:28\t"just as the Son of Man did not come to be served, but to serve, and to give His life a ransom for many."

Throughout this world men again are building the towers of Babel.

Jesus-is-God said:

I was reading that there are many people taking their lives in suicides in Greece because of the financial desparity. Have you heard this and has it affected your country the way the problems have in Greece?
That thought has been on my mind. It's difficult to confirm things from overseas here. We wouldn't know what News Service is reliable here. We have friends in other countries overseas and knowing what goes on in their countries by accurate News sources would be appreciated.

Sister, here is a good documentary which can shed light on the situation in Greece:

http://www.youtube.com/watch?v=qKpxPo-lInk

The things are pretty much similar to the previous video I posted, and what they have done in poor countries in Africa, South America and Eastern Europe.

My country is not directly affected much by this situation (although 'they' are doing the same things here, getting the country into much debt through their 'cunning craftiness' and racketeering). Greeks are coming here to buy their groceries and other stuff, because it is cheaper.

Hi! MrBillPro
I would like to participate with your question asking, "Isn't there some things that are destined to happen according to the word of God that no prayer, no man, no concerns or worries are going to prevent? so why concern ourselves?"

The simple answer is: absolutely NOTHING happens on the earth without the cooperation of God's people. This is the primary reason why we are known as the "salt of the earth". It is us Christians who are the cork in the bottle; who keep the world afloat (so to speak).
Since you insisted to know "some logical answer" to your question, I can state that my answer is unequivocally scriptural. However, I'm unable to wrestle it into your heart and mind to become 'logical' to you.

To coin your own phrase "deer in the headlights", a vast amount of God's people are blinded to the urgency to become a "disciple of the Kingdom". Even though they confess that "faith is the evidence of things unseen", they remain ignorant of how events originating from out of the unseen world are becoming visible on the earth in the/this end-time.

At such a show of blindness and hardness of heart in the religious leaders who asked for a sign from heaven, Jesus understandably "sighed deeply in his spirit" (Mark 8:11 and 12). In their literal understanding of the words of our Lord they put themselves at a level with the woman at the well, who replied when Jesus offered her the living water: "Sir, you have nothing to draw with, and the well is deep" (John 4:10-11).

Nicodemus also reacted in this manner. During the discussion about the new birth he asked: "How can a man be born when he is old? Can he enter a second time into his mother's womb and be born?" (John 3:4).

The same unspiritual attitude is adopted by the fundamentalist bible teachers of our days who talk about signs of the endtime such as earthquakes, landslides, floods, volcanic eruptions, falling stars, eclipses of sun and moon, wars and famines, every one of them an event in the natural world. To them apply the cutting words of the Lord: "You hypocrites! You know how to interpret the appearance of earth and sky; but why do you not know how to interpret the present time?" (Luke 12:56).

They call themselves bible oriented Christians, but limit God's word to the earth and refuse to recognize that Jesus only used symbols which were to be fulfilled literally in the spiritual reality. They refuse to enter the unseen world and their blindness misleads others and keeps them from entering. They do not see that in these last days the spiritual world is in turmoil, that after twenty centuries of Christianity the struggle in the heavenly places has started anew.

The signs of the endtime, the signs of the latter days, can only be recognized by those who walk in the heavenly places, who have insight into the unseen world, who know by the word of prophecy that a new war has broken out in heaven, (Rev 12:7).

When the gospel of Jesus Christ is preached and the struggle with the powers of darkness taken on, the demons will naturally react violently. They will fall from heaven like fire, like a bolt of lightning, to concentrate on their strongholds which threaten to fall. That is why Jesus said He had come to throw fire on the earth. This will happen again when the sons of God are manifested and begin their offensive against the enemies of God and man. Just as in Jesus' days, Satan and his angels will be thrown onto the earth (Luke 12:49; 10:18 and Rev 12:9).

The Scribes were well-versed in the law and the prophets. Yet they were as "deer blinded in the headlights"; an unspiritual people who did not understand the words of Jesus. They took His words literally and believed them effectual in the natural world only; and not in the spiritual world. They were unable to transpose Jesus' words to the unseen world because they were spiritually blind and deaf. There was a "veil over their minds", that is, over their inner beings, (2Cor 3:15).

The Book of Revelation is not something to read like some fantastic horror novel written on God’s behalf. It’s quite the opposite! It’s a wonderful discourse about the coming of Jesus. He indeed comes with clouds. But, contrary to Lindsay and LaHaye, it is not celestial clouds but rather clouds of glory.

We are living in a day and hour when the entire visible and invisible worlds are being shaken. In Noah's days only the visible world was destroyed and natural life perished. But our days is seeing a flood of fire, (image of demoniac powers), that attacks man's spirit so, that they would not "live in the spirit",(1Peter 4:6).

The return of the Lord is the most important event of the end-time for us and particularly for the coming generation. "And then shall they see the Son of man coming in the clouds with great power and glory", (Mark 13:26). "And I looked, and behold a white cloud, and on the cloud one sat like to the Son of man, having on his head a golden crown, and in his hand a sharp sickle", (Rev.14:14).

When an architect designs a building, he first creates a model and then graduates into constructing the building itself. God does just the opposite! He created the building first (spiritual) and then afterwards the model (earthly). This is why the Bible states the order as, "In the beginning, God created the heavens and the earth". It is with this realization that we should read about the coming of the Lord because it is often wrongly pictured as a coming on (with or in) the celestial clouds of the sky.

The teachings of Jesus had to account with the development which the people of those days had. For instance: the ancient views of world and universe are merely images and parables of the unseen world which is eternal. The purpose of Scripture is that highly spiritual knowledge be taught in terms of normal daily usage and language. That is why our Lord Jesus spoke in parables so that the people listening to Him might be compelled to attain to a higher understanding and a transformation of meanings. The Gospel of the Kingdom gives us the insight which enables us to refuse to take the image for the reality.

The Lord wants us to be transformed and renewed in our minds, that we should leave the old, visible realities, (which Lindsay and LaHaye write about) and lay hold on the new spiritual and invisible things of the Kingdom of Heaven.

When the Bible says that in the latter days Jesus will come with the clouds of heaven. A cloud consists of millions of drops of water. The image of water here represents the unseen inner man of the heart. When a person repents, his inner man rises up by the power of the Word of Him who is called the Sun of righteousness. Therefore it becomes true that we are "resurrected to newness of life" and "seated in heavenly places in Christ Jesus".

In the heavenly places all the drops of water together form the cloud. As a drop of water evaporates from the sea and rises into the air, so at his regeneration man is resurrected from the Sea of Death and transplanted into the heavenly places. Once there, he begins to function in the Kingdom of God. He was re-created as a "new creature" to live there and begins to function in the Kingdom of God, (Eph 2:6).

Clouds are images of the reborn (spiritual mankind) who are birthed by the gospel of Jesus Christ. As millions of water drops high above the earth form a close unity, so the church has her position in the heavenly places. Matthew 24:30 says: "Then will appear the sign of the Son of man in heaven, and then all the tribes of the earth will mourn, and they will see the Son of man coming on the clouds of heaven with power and great glory"; "Behold, he is coming with the clouds, and every eye will see him, everyone who pierced him; and all tribes of the earth will wail on account of him. Even so. Amen",(Rev 1:7).

Jesus returns with his church. When Jesus returns, He will be inseparably united with his people. That is why it says:" Behold, he is coming with the clouds". And that is why it becomes true that we, "have been seated in heavenly places". When at the close of time the church is changed in a moment, in the twinkling of an eye, to join the cloud, the church of all ages, it says: "And in the sight of their foes they went up".

In the invisible world the waters, the spirits, are separated. All religions on earth are from below. Only those who belong to Jesus are from above. Jesus told the religious leaders of his day: "You are from below. I am from above; you are of this world; I am not of this world (John 8:23). At his death a child of God is unbound from the sphere of the earth after the body, but his soul and spirit, the inner, invisible man, are eternal. This inner man remains in the body of the Lord, that is in the cloud. The Son of man is united with the cloud just as, in another image, He is the head united with his body. On his head still is the golden crown of life mentioned in chapter 6:2.

When somebody dies not 'in Christ', that is, not belonging to the church, he remains united with the sea. For his spirit did not rise from the sea towards the clouds. His soul and spirit then disappear in the abyss, the prison. We read that at the resurrection the sea, not the earth, gives up its dead: "And the sea gave up the dead in it, Death and Hades gave up the dead in them" (20:13). Sea and Hades are synonymous, while death indicates the power which governs Hades.

In John 2:18-19 the Lord said to the Jews who demanded that a sign be shown to them: "Destroy this temple and in three days I will raise it up". The Jews were unable to transpose these words in their hearts, that is, to understand them in their spiritual reality. For them a temple was a building of stone and timber. That is why their reaction showed amazement and annoyance: "It has taken forty-six years to build this temple, and will you raise it up in three days?" They were unable to understand that man is the real temple of God and that the temple at Jerusalem was no more than a shadow of the spiritual reality.

Later, when Stephen pointed out to them the difference between shadow (the literal thing in the natural world) and reality (the literal matter in the spiritual world), he said: "Yet the Most High does not dwell in houses made with hands", and the apostle Paul added: "Do you not know that you are God's temple and that God's Spirit dwells in you?" (Acts 7:48 and 1 1Cor 3:16). Yet even now there are many who interpret 2Thessalonians 2:3 in such a way that the man of lawlessness is supposed to sit in an earthly temple. Also in the case of Revelation 11:1, where John is told to measure the temple of God, many bible teachers adopt a position similar to that of the Jews in Jesus' days. Yet, because of the coming of the Lord and the developments following this event, they feel the need to reduce the forty-six years it took the Jews to reconstruct the temple to a mere three and a half!

In the book of John the Jews asked: "Then what sign do you do, that we may see, and believe you". They expected Him to show them 'a sign from heaven', as is evident from the question in Matthew 16:1. As a matter of fact, Jesus had done many miracles and signs, based upon the power He had in heaven, the unseen world. He had cast out demons, set free the possessed, healed the sick.

Day after day Jesus preached the gospel of the Kingdom of heaven in all the towns and villages. But for the orthodox leaders the spiritual world remained a closed book. They neither entered themselves, nor allowed others to enter. They did not know about the true heaven of Genesis 1:1 but only about the firmament which God 'called Heaven', the place where the sun, the moon and the stars revolve. That is why their question was followed by this remark: "Our fathers ate the manna in the wilderness; as it is written, "He gave them bread from heaven to eat". This shows that they only accepted miracles which took place in the earthly atmosphere.

But Jesus replied: "Your fathers ate the manna in the wilderness and they died. This is the bread which comes down from heaven, that a man may eat of it and not die. I am the living bread which came down from heaven!", (John 6:4 9-51).

Watch this video a number of times. There is alot of insights into what is driving this world. Ask yourself, what is real?
What is the delusions that is being promoted in this generation?

http://www.youtube.com/watch?v=ed2FWNWwE3I&feature=channel&list=UL

This video explains who is being put in bondage to the world system.

http://www.youtube.com/watch?v=3dl1y-zBAFg&feature=player_embedded

The corportation, a parrallel governing system...

http://www.zerohedge.com/contributed/2012-06-14/international-treaty-negotiated-secret-–-hidden-even-congressmen-who-oversee-

What is the real purpose for creating sovereign defaults? Will the financial crisis enable a certain group to force each country to give up it's sovereignty?

http://www.youtube.com/watch?feature=player_embedded&v=TN_1mF-3JTI

Quote: "What is the real purpose for creating sovereign defaults? Will the financial crisis enable a certain group to force each country to give up it's sovereignty?"

of course, that's what it is all about. And always has been the big picture. The global 10, and the one world gov. and global currency are the only tangible goal. The rest is just diversion to keep everybody entertained and unaware. In this regard you have to watch the practical developments going on right now. While the EU is watching soccer, and soon the olympics, the Spanish economy has been prepared for corporate take over.

All major global ranks have been downgraded, as in a similar internal preparation ready for takeover. There will be only one winner in this market, only one central bank or market handler.

So this gives us an insight were we are economically. I would conclude it's almost combustion time, possibly between September this year and Spring next year we're facing some market impact that without a doubt starts in Europe. What is still unclear is if they go straight for the 'end solution' or have a time of new currency inbetween, like a global dollar that uses the exisiting infrastructure. These people here have a similar opinion on the subject:
http://www.leap2020.eu/GEAB-N-66-is-available-Red-alert-Global-systemic-crisis-September-October-2012-When-the-trumpets-of-Jericho-ring-out_a11079.html

This video displays the acceptance of corruption as being the norm. Near the end of the video people speak of the financial system as it really is not as it is reported to be to the general public. With that said, these people have accepted this corruption and acknowledge that they expect nothing to change. This is representative of taking the mark of the beast.

http://jessescrossroadscafe.blogspot.com/2012/07/cnbc-silver-market-is-manipulated-but.html

LIBOR Banking Scandal Deepens; Barclays Releases Damning Email, Implicates British GovernmentPOSTED: July 4, 11:35 AM ET

This Libor-manipulation story grows crazier with each passing minute. We have officially disappeared now down the rabbit-hole of the international financial oligarchy.

Former Barclays CEO Bob Diamond is testifying before parliament in London today, and that's sure to bring some shocking moments. But there's already been one huge stunner. In advance of that testimony, Barclays released an email from October 29, 2008, written by Diamond to then-Chairman John Varley and COO Jerry del Messier (who also stepped down yesterday). The email from the CEO to the other two senior Barclays execs purports to detail the content of the conversation Diamond had with Bank of England deputy governor Paul Tucker that same day.

In the email, Diamond essentially tells the other two execs that he has been given permission by Tucker – encouraged, actually – to rig Libor rates downward. What’s even worse is that Diamond’s email suggests that Tucker was only following orders, i.e. that Tucker had received phone calls from "a number of senior figures within Whitehall" – that is, the British government – expressing concern about Barclays' high Libor rates. Tucker in this version of events was acting as a middleman for the British government, telling Diamond to fake his borrowing rates in order to preserve the appearance of financial stability, for the good of Queen and country as it were.

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Do you think that this collusion exists only in Great Britain?

"Do you think that this collusion exists only in Great Britain?" That's a good question, I should let 'outrageous Steve' answer that one, because first time in history he found his match in our current outrageous situation:

Financial Webs Of Deceit. The Worlds Financial Market Is Undergoing Total Collapse

http://www.stevequayle.com/News.alert/12_Money/120607.collapse.underway.html

On our way back from California, I heard this on the radio...

http://www.npr.org/blogs/money/2012/07/13/156705409/the-european-central-banks-guide-to-influence

The so called "banking crisis" is being used to usurp the sovereignty of individual countries.

"Permit me to issue and control the money of the nation and I care not who makes its laws." — Mayer Amsched Rothchild, a prominent European banker in the eighteenth century

Jesus-is-God quoted Spurgeon...

"This I know, I had rather have God for my banker than all the Rothschilds."

Generation after generation has been burdened with the mark of the beast. Spurgeon recognized this evil in his day. And he is right to exhort believers to look upward for the call of Christ in their lives. Yet how many have fallen for the delusion that this world produces...

Have you ever thought about the amount of Scripture which deals with the destruction and corruption of this world?

fascinating thread.

CORPORATE MALFEASANTS: Disturbing Survey Results

SURVEY: Wall Street, Fleet Street, Main Street: Corporate Integrity at a Crossroads (Labaton Sucharow - Specialization: Whistleblower Law Frim)

If the ancient Greek philosopher Diogenes were to go out with his lantern in search of an honest man today, a survey of Wall Street executives on workplace conduct suggests he might have to look elsewhere. In a survey of 500 senior executives in the United States and the UK:

Financial Services Professionals Feel Unethical Behavior May Be a Necessary Evil and Have Knowledge of Workplace Misconduct, According to Labaton Sucharow Survey

Many Wall Street executives says wrongdoing is necessary: Survey 07-10-12 Reuters

A quarter of Wall Street executives see wrongdoing as a key to success, according to a survey by whistleblower law firm Labaton Sucharow released on Tuesday.
26 percent of respondents said they had observed or had firsthand knowledge of wrongdoing in the workplace.
24 percent said they believed financial services professionals may need to engage in unethical or illegal conduct to be successful.
16 percent of respondents said they would commit insider trading if they could get away with it, according to Labaton Sucharow.
30 percent said their compensation plans created pressure to compromise ethical standards or violate the law.
39 percent of respondents reported that their competitors are likely to have engaged in illegal or unethical activity in order to be successful.
Scepticism and uncertainty about employers' handling of claims of misconduct persist. One in five of the professionals surveyed weren't sure of, or had serious doubts about, how their employers would handle a report of wrongdoing. In addition, in the U.S., gender was a factor in attitudes toward retaliation; 22 percent of female respondents believe that they would be retaliated against if they reported wrongdoing in the workplace, compared with 12 percent of male respondents.
"When misconduct is common and accepted by financial services professionals, the integrity of our entire financial system is at risk," Jordan Thomas, partner and chair of Labaton Sucharow's whistleblower representation practice, said in a statement.

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This is an example of the mark of the beast

Penn State football is a $53 million gravy boat we all slosh in
Published: Sunday, July 15, 2012, 1:05 AM Updated: Sunday, July 15, 2012, 1:07 AM
By DAVID JONES, The Patriot-News

Revenues of $72,747,734. Expenses of $19,519,288.
These are the figures Penn State's associate athletic director Richard Kaluza entered on a required U.S. Department of Education form detailing financial data for PSU's football team during the fiscal year ending June 30, 2011.
That's $53,228,446 in profit. It's a staggering figure. What could you do with that money aside from funding 56 swimmers and divers, 71 lacrosse players, 237 track athletes, 35 wrestlers and all the of the other hundreds of Penn State participants in 29 varsity sports.
If you could pay back the 10 established victims of Jerry Sandusky with some of it, that'd be something.
But you can't ever pay them enough. And whatever millions that civil litigation mines will emerge from other spouts of Penn State's liability insurance and 10-figure slush bucket.
So, in some dreamworld, what would you do with that money to create something lasting and good? What if all the so-called “non-revenue” varsity sports that run in the red, many wildly so, suddenly regressed to club status and had to make their own way and support themselves as they did generations ago? And all that profit football makes every year wasn't used on volleyball training equipment and women's basketball plane flights and the like but handed over to child sex abuse charities and causes?
Nah, that'll never happen. I know it and you know it. I just use the illustration as an exercise to show what a monster this whole major college athletic business has become. The money is so huge for a small handful of national football programs such as Penn State that they've developed a culture where each sport depends on football. Everyone feeds at the trough. So many have become dependent.
That's how it got this big at Penn State. And that's why it will stay this big. Too many have too great a stake in it.
That goes for many media outlets who profit from all the readers and viewers who want to know more, more, more all the time about Penn State football.
The Patriot-News and pennlive.com amply included. You won't see me calling for Penn State football to be given a hiatus, will you? I'm not stupid. Penn State football is our lifeblood.
Stephen A. Smith can scream for the NCAA “death penalty.” He has dozens of other sports and teams to pontificate about for the ever more bloated ESPN./p
Christine Brennan can shriek for it in print. USA Today can assign her to something more esoteric tomorrow. Maybe a preview of Olympic rhythmic gymnastics.
Not me, baby. I know where my bread's buttered. Penn State football is the pimp I love and hate. Lately, more the latter. But it owns me, doesn't it? I'm no different than a crack whore in need of a fix. And Bucknell basketball won't buy it.
That's the thing, folks. It owns all of us. And it's so big, it doesn't even care.
So, how can we control a monster so sprawling and multi-tentacled? Because its size and its outrageous profit lines are really what made the Sandusky scandal happen. Those 8-digit figures are what caused so many intelligent men to rationalize their inaction.
And you can say it was merely some sort of Mad Men-era tendency to plunge one's head in the sand when confronted with unspeakable stories of pedophilia.
I don't believe it. No, I think a lot people were scared the machine might start coughing and wheezing and printing fewer greenbacks if someone as grotesque as Sandusky was held under a klieg wearing a blue-and-white shirt for all the world to see. People might be held accountable and fired, sure. But the good players might quit coming, too. The national brand might become indelibly stained.
More expedient just to forget about those screaming little boys. Pretend nothing happened but horseplay.
So, it's safe to say nothing remotely this heinous will ever happen again. Why even bother to crank the machine down a notch or two? The kids and coach and athletic director and president now had nothing to do with that other thing. What does football have to do with this, right? Why can't we pay off the victims and go back to having our fun and making our money? Football season's right around the corner!
See, you might not believe it. But there are moments lately when I feel very sad. Dirty, actually. Because I've fed the monster for more than two decades. I will continue to feed it.
And I don't know how to stop. Because it feeds me.

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This is an example of the mark of the beast

Listen carefully for the work of the beast revealed by this individual...

http://www.youtube.com/watch?feature=player_embedded&v=1CLhqjOzoyE

The previous video alludes to a financial system where the rule of law has been nullified. Solomon warns us in this way...

Pro 1:10\tMy son, if sinners entice you, Do not consent.
Pro 1:11\tIf they say, "Come with us, Let us lie in wait to [shed] blood; Let us lurk secretly for the innocent without cause;
Pro 1:12\tLet us swallow them alive like Sheol, [fn] And whole, like those who go down to the Pit;
Pro 1:13\tWe shall find all [kinds] of precious possessions, We shall fill our houses with spoil;
Pro 1:14\tCast in your lot among us, Let us all have one purse"--
Pro 1:15\tMy son, do not walk in the way with them, Keep your foot from their path;
Pro 1:16\tFor their feet run to evil, And they make haste to shed blood.
Pro 1:17\tSurely, in vain the net is spread In the sight of any bird;
Pro 1:18\tBut they lie in wait for their [own] blood, They lurk secretly for their [own] lives.
Pro 1:19\tSo [are] the ways of everyone who is greedy for gain; It takes away the life of its owners.

When the individual sought to bring the financial crime into the light he was attacked by both the FBI and IRS. On the other hand a man like John Corzine was protected by the same system, even though a 100 billion dollars disappeared.

The following video describes in depth how our corrupt system protects itself.

http://www.youtube.com/watch?v=WHOujO-Qnlw

hi, we all agree that these dillusions are those that others have.jimp

It says private and login?

Jimp wrote:

"hi, we all agree that these dillusions are those that others have."

In the process of time, as a believer, I continue to find that at one time or another, I too suffer from the delusions that Satan spins.

1Jo 2:8\tAgain, a new commandment I write to you, which thing is true in Him and in you, because the darkness is passing away, and the true light is already shining.

The darkness is passing away only because the light reveals what is not of God.

Hbr 5:14\tBut solid food belongs to those who are of full age, [that is], those who by reason of use have their senses exercised to discern both good and evil.

We believers can be tossed to and fro if our foundation is not built on the word of God. Full age does not come easily....

This article reflects the same findings by the individual in the last video...

Bombshell: Deutsche Bank Hid $12 Billion In Losses To Avoid A Government Bail-Out
Submitted by Tyler Durden on 12/05/2012 16:58 -0500

Forget the perfectly anticipated Greek (selective) default. This is the real deal. The FT just released a blockbuster that Europe's most important and significant bank, Deutsche Bank, hid $12 billion in losses during the financial crisis, helping the bank avoid a government bail-out, according to three former bank employees who filed complaints to US regulators. US regulators, whose chief of enforcement currently was none other than the General Counsel of Deutsche Bank at the time!

From the FT:

The three complaints, made to regulators including the US Securities and Exchange Commission, claim that Deutsche misvalued a giant position in derivatives structures known as leveraged super senior trades, according to people familiar with the complaints.

All three allege that if Deutsche had accounted properly for its positions – worth $130bn on a notional level – its capital would have fallen to dangerous levels during the financial crisis and it might have required a government bail-out to survive.

Instead, they allege, the bank’s traders – with the knowledge of senior executives – avoided recording “mark-to-market”, or paper, losses during the unprecedented turmoil in credit markets in 2007-2009.

Two of the former employees allege that Deutsche mismarked the value of insurance provided in 2009 by Warren Buffett’s Berkshire Hathaway on some of the positions. The existence of these arrangements has not been previously disclosed.
Naturally, DB is defending itself in the only way it knows: "this is complicated stuff, and we know better than those guys." In other words, this is just a "tempest in a teapot." Where have we heard that before...

The bank said the investigation revealed that the allegations “stem from people without personal knowledge of, or responsibility for, key facts and information”. Deutsche promised “to continue to co-operate fully with the SEC’s investigation of this matter”.

The complaints were made at different times in 2010 and 2011 independently of each other. All of the men spent hours with SEC enforcement attorneys and provided internal bank documents during multiple meetings, people familiar with the matter say.
SEC enforcement attorneys eh? Because this is where it gets really fun: the person who was in charge of DB's legal compliance at the time was none other than Robert Khuzami. The same Robert Khuzami who just happens to be the chief of enforcement at the SEC!

Robert Khuzami, head of enforcement at the SEC, has recused himself from all Deutsche Bank investigations because he was Deutsche’s general counsel for the Americas from 2004 to 2009. Dick Walker, Deutsche’s general counsel, is a former head of enforcement at the SEC. The SEC declined to comment on the investigation.
Sadly, the "we are too sophisicated" defense may not be very effective this time.

Two of the former Deutsche employees have alleged they were pushed out of the bank as a result of reporting their concerns internally.
One of them, Eric Ben-Artzi, a risk manager at Deutsche, was fired three days after submitting a complaint to the SEC. In a separate complaint to the Department of Labor, he claims his dismissal was retaliation for his allegations.

Matthew Simpson, a senior trader at Deutsche, also left the company after submitting his own complaint to the SEC. Mr Simpson declined to comment. Deutsche Bank paid Mr Simpson $900,000 to settle his anti-retaliation lawsuit. Reuters reported in June 2011 that Mr Simpson had raised concerns about improper valuation of the derivatives portfolio.

The third complainant, who worked in risk management and has requested anonymity, raised his concerns to the SEC and voluntarily left the bank.
Or actually, since every bank in the world is forced to lie, cheat and mismark its own balance sheets every single day, not least of all the European Central Bank which as of moments ago has to accepted defaulted Greek bonds as collateral, this may just be completely ignored.

After all opening this particular Pandora's Box may well reveal that not only DB but the world's entire financial system is completely and totally insolvent.

* * *

In Short

The person who is now in charge of the SEC, (the organization responsible for maintaining the integrity of the investment community), is alleged to have counseled the German bank that it was alright to lie about billions in loss during the financial crisis.

This video is only up for a short time. It reveals a beast that was once thought dead...
http://vimeo.com/user2695043/agenda

The previous video describes a train of thought which places man as god. Likewise the next video describes the fruit of Darwinian theology.

http://www.youtube.com/watch?v=-eX5T68TQIo&feature=player_detailpage

As I search I have come to understand that this Science of Eugenics is not dead but thriving.