"Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy." (1Timothy 6:17)
Meltdown
Dear Friends,
Greetings. What a year 2008 has been, as some of the news articles posted below highlight. We are indeed approaching the end of an age. The age I am referring to is the age of man's evil rule of planet earth. All the people and groups that think they will soon be ruling this planet under their supreme leader, the anti-christ, the devil in the flesh are going to be in for a tremendous surprise.
Although God is going to allow the anti-christ to rule this world for a short period of time, three and one half years, during which time His true church will be going through the "Great Tribulation" eventually these evil rulers will be saying to the mountains and rocks " Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb: For the great day of his wrath is come; and who shall be able to stand?" (Revelation 6:16-17)
While this is all happening those of us who have received Jesus are going to be at the greatest party ever thrown, the Marriage Supper of the Lamb! "Let us be glad and rejoice, and give honour to him: for the marriage of the Lamb is come, and his wife hath made herself ready. And to her was granted that she should be arrayed in fine linen, clean and white: for the fine linen is the righteousness of saints. And he saith unto me, Write, Blessed are they which are called unto the marriage supper of the Lamb. And he saith unto me, These are the true sayings of God. (Revelation 19:7-9 For more information on the Marriage Supper of the Lamb read about this topic in the "Studies" section of the web site)
As we are about to enter 2009 in all likelihood, unless God intervenes, we are going see much greater economic turmoil and End Time events taking place before our very eyes. If you are tempted to fear remember this astounding promise God has given us from His Word; " And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh."
(Luke 21:28)
Reuters
2008 could nail its spot as worst year ever for Wall Street
Fri Dec 26, 2008 By Leah Schnurr
NEW YORK (Reuters) - As the stock market heads into the last week of the year, what was inconceivable just 12 months ago is now a stark possibility: 2008 could be the worst year ever for Wall Street.
The market's most tracked benchmark, the S&P 500, is down 40.6 percent since last year's close with only three trading days left in 2008. Given the market's hair-trigger volatility this year, that's just one bad day away from surpassing 1931's 47.1 percent drop, the biggest yearly decline ever.
As it is, the market's swoon this year will cement 2008's place in history by at least one measure: eviscerated wealth. A record $7.3 trillion of stock market value has been obliterated this year, according to the Dow Jones Wilshire 5000 index, the broadest measure of U.S. equity performance.
Investors ran for the exits this year as a collapse originally thought to be contained to the U.S. home mortgage sector morphed into a full-blown global credit crisis that now threatens global recession.
The fallout from frozen credit markets permeated all sectors from banks to autos to resources, while unemployment climbed, house prices plummeted and cash-strapped consumers curtailed their spending.
"How to sum up a year that has been plagued with financial crisis in every form and fashion that you could see and, at the same time, have an economy that's just imploding on itself," said Jocelynn Drake, market analyst at Schaeffer's Investment Research in Cincinnati, Ohio.
"If 2008 proved to be anything, I think it was a reality check for a lot of people."
BREITBART.COM
World faces "total" financial meltdown: Bank of Spain chief
12/21/08
The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a "total" financial meltdown unseen since the Great Depression.
"The lack of confidence is total," Miguel Angel Fernandez Ordonez said in an interview with Spain's El Pais daily.
"The inter-bank (lending) market is not functioning and this is generating vicious cycles: consumers are not consuming, businessmen are not taking on workers, investors are not investing and the banks are not lending.
"There is an almost total paralysis from which no-one is escaping," he said, adding that any recovery -- pencilled in by optimists for the end of 2009 and the start of 2010 -- could be delayed if confidence is not restored.
Tribble Ad Agency
Average home price $18,513 - Unemployment rate 21%
December 21, 2008
The Great Depression has reached Detroit. The average price of a home is now $18,513 and unemployment has reached 21%, and it's expected to get worse. Detroit is facing a crisis of epic proportions that officially puts Detroit statistically (and real term) on par with the great depression.
It has become the center of all that is wrong with America... and nothing of what is right.
For example, the crime rate has fallen.... because of lack of targets within the city. Meaning there is nothing left to steal.
In fact, even the criminals don't want to leave jail. Some are now expressing reluctance to leave jail when their sentences were done, especially those who don't have houses.
Home values have plummeted to levels not seen in 1/2 a century... and the 21% unemployment has in some cases been projected to double within 12 months if the auto industry totally collapses.
To make matters even worse, Detroit has superseded New Orleans as the "worst city" in America.... but New Orleans had a Hurricane they could assign blame to... Detroit has no such natural disaster crutch.
"It's a depression -- not a recession," McDuell said, with the authority of someone who has lived through both. "It will get worse before it gets better."
It's a man-made disaster.
The Independent .UK
California will run out of money in February
By Guy Adams in Los Angeles - 24 December 2008
The State of California will run out of money within two months, forcing Governor Arnold Schwarzenegger to start settling bills and paying employees by issuing "IOU" notes, his chief financial officer has revealed.
John Chiang, the state controller, admitted on Monday that a spiralling budget crisis, which has left California spending billions of dollars more each month than it can raise in taxes, will see his coffers run dry some time in mid-February.Posted by Brian Baxter
Law.Com
Posted by Brian Baxter
Europe and the U.S. are about to experience a significant increase in business failures.
That's the conclusion reached by Paris-based Euler Hermes, the world's largest credit insurer, in a recently released 57-page report on business insolvencies worldwide.
WorldNetDaily
IMF warns: Economic riots
– police prepare for unrest
Paulson discussed worst-case scenario
at bailout meeting – declare martial law
Posted: December 18, 2008
By Chelsea Schilling
Pentagon resources and U.S. troops may be used if needed to quell protests and bank runs during an economic crisis, the U.S. Army War College's Strategic Institute reported.
"Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extreme cases to defend basic domestic order and human security," the War College study states.
Incidents of economic collapse, terrorism and disruption of legal order could require deployment of forces within the U.S., it said.
A "strategic shock" could require the nation to use "military force against hostile groups inside the United States."
International Monetary Fund Managing Director Dominique Strauss-Kahn has warned that advanced nations could face civil unrest during distressful economic times.
"[S]ocial unrest may happen in many countries – including advanced economies if the economic crises are not properly dealt with", Strauss-Kahn said.
"He added that violent protests could break out in countries worldwide if the financial system was not restructured to benefit everyone rather than a small elite," London's Guardian reported.
In a recession where consumer spending is plummeting, foreclosures are rampant, workers are losing jobs, credit is tight and markets are strained, some are warning about a worst-case scenario.
Last month, trends forecaster Gerald Celente told Fox News that America will morph into the first "undeveloped" nation of the world by 2012. He said there will be a tax revolution marked by "food riots, squatter rebellion, tax revolts and job marches." He also said by 2012, the holidays will be more about getting food rather than gifts.
The best way you can prepare for 2009, if you have not already done so, is to receive Jesus into your heart and life. To do so just pray this simple prayer: Dear Jesus it does look like the world situation is going to get much worse in the days and years ahead. I need your help in these troubling times. I know I have done wrong in my life and I ask that you please forgive my sins, come into my heart, give me eternal life, and lead me in the days ahead. In Jesus name I pray.
If you would like to contact us, we invite you to do so, or if you would like to have one of our Christian mystics channel a message to a question you may have, please do write us with your request.
God bless you. Have a faith filled year ahead.
Almondtree Productions
"It is better to trust in the LORD than to put confidence in man." (PSA.118:8)