LIAR! LIAR!

Our government, the banks, and the titans of industry are all lying to the people! Knowing where we were headed, in 2007, Ben Bernanke, the head of the Federal Reserve, told Americans, “the subprime problem will be contained, the U. S. economy will be insulated, and the total bank losses will be under 200 billion dollars.” And now they want us to believe that recovery has started and all will be well. Shame on us for believing anything they say! Liars! Liars! The Bible says in Proverbs 11:1, “God hates cheating in the marketplace; he loves it when business is aboveboard.” The Message Bible.
By summer several more big lies will begin to emerge. The Fed’s stress test on banks is flawed. The test puts the jobless rate at 7%. This is a big lie! Their own March figures already shows the jobless rate at
8 ½% for the nation, but some states like Oregon and Michigan are over 12%! BUT, people without jobs (those who have given up looking for jobs) are really at 17%!! The government doesn’t want us know these figures so they disguise them.

The other big cover-up banks are using to pass the Federal Reserve’s Stress Test is to hold back many of their repossessed houses from being sold. Then they list them as an asset on their balance sheets at the original loan amount rather than selling them for a drastic loss. When this stress test thing is all completed they intend to dump another load of Repos on the market! The banks are doing this in order to remain falsely solvent and pass the Stress Test. This way they can fool the general public for awhile longer. Liars! Liars!

The Case-Shiller Housing Index for America’s 20 major cities shows that house prices have still declined 19% in this last year. Now 30% of people with prime mortgages cannot refinance at a lower rate because the equity in their houses is lower than what they owe. Now most borrower’s Home Equity Lines of Credit are also being closed. Falling home prices are causing many good people to stop making payments on their houses because they see it the same as flushing good money down the toilet! This means a new flood of repossessed homes is soon coming. The sale of Repos is now 60% of all types of sales generated in most states. Famed bank analyst, Meredith Whitney, says houses will fall at least another 30%! If this is true (she has been totally correct to date) then we are only about half way on bank losses! The Bloomberg News reports that since the crises began in Aug 2007 the Government rescue of the financial system (banks, insurance companies, auto industry, Wall Street and others) has cost the public (involuntary investors) 12.8 trillion dollars!

The single biggest factor of foreclosures now is job losses. No government program saves people’s houses from foreclosure with discontinued income. In California the Foreclosure Moratorium was lifted and between February and March foreclosures jumped 80% hitting 50,000 homes foreclosed in just one month!

Our government is now lying to us again about how much shorter and less severe this crisis is apt to be than what was originally thought. The IMF (International Monetary Fund), the world’s bank, just warned, “This crisis has the same parallels as the Great Depression, only it will be much more unusually long and severe.” This one will affect the whole earth! When Jesus’ disciples asked him about the signs of the last days, in Matthew 24, He tells them in verses 21 and 22, “There is going to be trouble on a scale beyond what the world has ever seen, or will ever see again. If these days of trouble were left to run their course, nobody would make it. But on account of God’s chosen people, the trouble will be cut short.” Hundreds of years earlier, the prophet Daniel said of the end times in chapter 12, verses one and two, “It will be a time of trouble, the worst trouble the world has ever seen. But God’s people will be saved from the trouble, every last one found written in the Book. Many who have been long dead and buried will wake up, some to eternal life, others to eternal shame.” The Message Bible.

China is another factor in end time prophecy. For all of world history China has been contained in the East with little contact from the West. Over a century ago, Napoleon Bonaparte pointed on the other side of Asia’s longest river, the 1700 mile Euphrates, and said of that nation in the East, “There lays a sleeping giant. Let him sleep! If he wakes, he will shake the world." In the Bible, Revelations chapters 9 and 16 describe in the last days that giant of the East waking up and with 200 million men crossing the dry Euphrates River and spreading toward the West. China wants to conquer the West financially. As of March 2009, China now has the strongest banking system on earth, with 2 trillion dollars in cash on hand and hardly any foreign debt. Our government lies about our financial strength. We are the deepest in debt of all the nations on earth and have not had ANY money for years! China is presently buying up South America’s natural resources like copper, oil, forests, and all raw materials. They are presently attempting to take over major industries in 30 to 40 different countries by controlling all their natural resources! (Reported by the TELEGRAPH) This gets even scarier when we remember that the Bible teaches us “the borrower is the servant of the lender.” China is our number one lender and holds the biggest part of America’s debt!

We cannot control all these world events, but each of us can get our own lives in order and live wisely to escape all of this terrible stuff. God promises in Daniel 12:3, “Men and women who have lived wisely and well will shine brilliantly, like the cloudless, star-strewn night skies. And those who put others on the right path to life will glow like stars forever!” The Message Bible