Events surrounding the sub-prime mortgage loan crisis are getting out of hand. Both democrats and republicans are clamoring for an economic stimulus package to help stave off the recession that the media is joyously claiming is certain to befall our economy. A decapitated economy bodes well for democrats in the upcoming presidential elections. Yet this rare display of bipartisanship is nothing to celebrate or gloat over. The democrats, after all, have had control over congress for the last year. Voters just might link their influence to these results. The bloviating on this issue has reached ridiculous proportions as everyone is trying to shirk their responsibility for this mess. A mess that is both desirable and deserved.
As I have previously written about in the original installment of this essay, people in this country have arrogantly been living beyond their economic status for far too long. That which you borrow to pay for does NOT belong to you. As a result the people who are “suffering” from mortgage foreclosures are not losing their houses. Those houses NEVER belonged to them as those people purchased them with someone else’s money. I wrote extensively on the pathetic attitudes and behaviors that have led to this situation in the first installment of this essay. However in that essay I made another assertion which, like the collapse of the housing market, is likewise coming to pass.
Those who look to the Bible should easily see where this leads. As the Bible lays out the entire history of the angelic conspiracy of mankind from the very beginning of the earth. “For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.” Ephesians 6:12. Earthly behavior is a reflection of the current state of the ongoing conspiracy against mankind. One that which almost everyone is either a willing or unwilling participant. Forget about the “moral decay” aspect of it, I am talking about that great final financial transaction between the public and……….the ANTICHRIST! Yes, those of you who are in debt and are currently worth less than nothing are already OWNED by him. Whether or not the great beast of Biblical prophecy is even aware of his own destiny or not, the transaction that will give him power over you has already occured. History has shown that those who owe are in fact those who are owned and you have already handed over control of your future to those who hold your debts. You have NO say in the matter. You never even noticed when it happened did you? They don’t call our favorite rebel angel the devil for nothing. (The Worthless, The Less Than Worthless and the Currency of the Beast)
Now, see how these realities are clenching their hands around the throat of the American economy and every single one of you reading this. Even if you, like myself, have not been a participant in the fiscal irresponsibility that has brought this about, you nonetheless will have to suffer significant consequences as the currency of the beast approaches. The sovereignty of the United States is at stake and you can rejoice in knowing that it is for sale! Consider this:
Citigroup Inc., suffering huge losses on mortgage-related securities, said late Monday that an arm of the Abu Dhabi government would invest $7.5 billion in the giant U.S. bank. The cash infusion would give the Abu Dhabi Investment Authority a stake of as much as 4.9% in Citigroup.
Abu Dhabi, one of the United Arab Emirates, is buying from Citigroup equity units that would pay an 11% annual dividend and be converted into Citigroup common stock in 2010 and 2011 at prices of $31.83 to $37.24 a share, depending on the bank’s stock price at that time. Citigroup said Abu Dhabi would have “no role in the management or governance of Citi, including no right to designate a member” of its board.(L.A.Times)
Do you really believe that the “Abu Dhabi Investment Authority” would pour billions of dollars into a company to have “no role in the management or governance” in it? All investors have an influence in the operation and management in a company whether direct or indirect. That is the nature of the…beast! But they are not alone.
U.S. investment bank Merrill said it would issue $6.6 billion in preferred shares to investors, including the Kuwait Investment Authority, the Korean Investment Corp and a unit of Japan’s Mizuho Financial Group, as it looked to shore up its capital base. The New York Times on Friday reported Merrill was expected to suffer $15 billion in losses stemming from bad mortgage investments, when it releases its fourth quarter results on Thursday. It wrote off $8.4 billion in the third quarter.
Banks, wrestling with huge losses stemming from U.S. mortgages lent to people ill-equipped to repay them, have actively been seeking cash from abroad. (Reuters)
But this is not the first time that countries who have agendas that are not in the best interest of our own have been allowed to come in and buy equity in the U.S. economy in the name of “investment.” It has been a regular fixture of U.S. economic practice for at least thirty years. It is greatly problematic, however, when Islamic countries or others whose competitive interests are in direct conflict with ours, such as China, are the ones doing it. And don’t think for a minute that these “investors” are only interested in receiving dividends without exerting their influence over these major players in the U.S. economy. In fact, we see their meddling quite often, as in this story from October 2001:
Mayor Rudy Giuliani said Thursday the city would not accept a $10 million donation for disaster relief from Saudi Prince Alwaleed bin Talal after the prince suggested U.S. policies in the Middle East contributed to the September 11 attacks.
Prince Alwaleed gave the mayor a check after a Thursday morning memorial service at Ground Zero, the site of the World Trade Center towers destroyed in the attacks. The prince offered his condolences to the people of New York, but after the ceremony he released a statement suggesting the United States “must address some of the issues that led to such a criminal attack.” “The check has not been deposited. The Twin Towers Fund has not accepted it,” Giuliani said in a statement late Thursday. (AP)
Ahh, does that name sound familiar? The same Saudi Prince Alwaleed bin Talal bought a stake in Citigroup for less than $600 million in the 1990’s. Its value has risen to several billion dollars. And there he was lecturing the United States about U.S. policies in the Middle east being responsible for the September 11, 2001 attack. Does this sound like he is uninterested in exerting his influence on the United States? Mayor Giuliani did the right thing by rejecting the donation and rebuking the Prince.
The question we should be asking is whether or not we should allow this kind of investing from regimes that are loyal to a state that is dedicated to our destruction. That being the state of Islam. The Dubai Ports deal of February 2006 was ultimately rejected because it compromised our national security by putting key points of entry in that nation’s control. Yet the infusion of capital and the acquisition of equity in our biggest banks has the potential to make that attack on our sovereignty seem trivial by comparison. And how would presidential candidate Hilliary Clinton handle such matters when the very same monarchy donated 10 million to the Clinton Library and Foundation? They have been getting a reported 10 million per year from a fund that administers the investments of the Emir of Dubai, the largest component state in the UAE. To be sure, this money is more directly given to her husband’s library fund, but there is a definite conflict of influence here.
Neither Dubai nor Saudi Arabia would be permitted to contribute directly to Clinton’s campaign. However the Clintons have a history of questionable ethics, particularly when it come to the acquisition of campaign capital. The influence their money must buy with a candidate whose Foreign policy is dedicated to “negotiations” must be questioned. Are the results of these future “negotiations” already paid for?
As I have pointed out in the past. Islam is not a religion the way we understand religion. It is a GOVERNMENT. There is no separation of church and state. Islam recognizes only the state of Islam. When Islamic regimes buy into the American system they are bringing with them the “Trojan Horse” of their hateful Satanic religion. Unfortunately we as a people are intoxicated on foolish economic policies, and it doesn’t look like we are learning from our mistakes.
Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates as needed to prevent housing and credit problems from plunging the country into a recession.
The Fed chief made clear the central bank was prepared to act aggressively to rescue a weakening economy. “We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks,” he said. Bernanke showed his hand in terms of the Fed’s likely next move amid mounting concerns that the economy may be in danger. Many economists now believe the Fed will slice its key interest rate by a bold one-half of a percentage point when the Fed meets next Jan. 29-30. (AP)
Oh no, say it isn’t so. Did we learn anything? For the last decade or more, under the guidance of previous Fed Chairman Alan Greenspan, the interests rates of the Federal Reserve have been kept artificially low in order to promote growth in the economy. It may very well have resulted in a period of long term economic growth, but it was growth that was built on unsound policy. Making capital so cheap and easy to acquire leads to the practice of unsound business policy. Loans have been made to people who otherwise would be considered unwise risks. Both businesses AND the borrowers are to blame. When the economy slows down, as economies always do, interest rates have to go up to combat inflation. This results in the very difficulties we see in the sub-prime mortgage crisis. The people who borrowed money under the artificially low interest rates now can’t pay their mortgages.
Foolishly forcing the interest rates down, as the Federal reserve is insistent on doing, only leads to the continuing devaluation of the dollar on the world currency market. This is another disastrous result that will lead to more foreign “interventions” in our economy. Americans need to learn that borrowing money is not and should not be cheap. Does anyone not remember what the interest rates were during the Carter administration? Interest rates reached a high of 20% or more twice during 1980. Currently the interest rates are 4.25% after having only been as high as 5.25%! Yet they can’t wait to cut it, in spite of the fact that artificially low interest rates are the root cause of the problem! Impossible! It brings to mind a story.
When I lived in Augusta Georgia back in the 80’s, I witnessed one of the most interesting interactions between two women I will ever see. The two of them outwardly acted friendly to each other, but alas, there was nothing friendly about them. One of the women secretly hated the other, who was apparently oblivious to this fact. She would suffer serious consequences for this.
The woman who hated the other one decided she was going to do something nice for the woman she hated. She bought her a drink. Seems like a nice harmless gesture so far. But before she gave it to her intended victim she decided to add a “special” ingredient to the drink. A veritable “Trojan Horse.” The special “ingredient” just happened to be syrup of ipecac. As I am sure many of you are aware, this is something used often by mothers of young children to induce vomiting. I think you see where this is going.
Needless to say the woman with the animosity delivered her gift with all the phoney cordialities and false pleasantries one would expect. An excellent acting performance if ever I saw one. And, of course, the results of the assault were swift and effective. The victim quickly excused herself. However, the part that I found most amusing is what happened next. After she returned, apparently relieved, she reached for the same drink and ingested the concoction again, just as oblivious to the poison it contained as she was the first time. Yet again the results were swift and effective. This time when she returned she was convinced she was actually sick and left the establishment. Still, to this day, she is unaware of the attack that was perpetrated against her. As far as I know, she is still oblivious to the fact the other girl hates her. Impressive isn’t it?
Now I didn’t recall that story just to point out how mean women can be to one another. That’s a given. I tell it as a warning to how we as a people are ingesting poisons that we are totally unaware we are consuming. The poison is the foolishly low interest rates. Like the victim in my story, we keep ingesting the poison unaware of the harm we are doing to ourselves. Likewise these “foreign investors” are not our friends. Though they may outwardly appear to be friendly they, present a “Trojan Horse” with these investments.
Think about it. When the President went to visit the Middle East last week, did the Saudi’s agree to increase oil production to help bring the price of oil down? No, they did not. It is not in their interest to do so. Keeping production down keeps prices high. They can then take the money they get for this oil and “invest” it in the American economy. Always, while wearing a very friendly smile. So how does the poison of the Beast taste?
January 20, 2008 – Sunday