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Re: A new Global Economic Restructure in 2012
[Re: Elle]
#174693
06/28/15 01:56 PM
06/28/15 01:56 PM
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OP
Active Member 2019 Died February 12, 2019
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Joined: Dec 2008
Posts: 2,536
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A good 3 min summary. "Sell Everything Immediatly!" 3min youtube video
Blessings
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Re: A new Global Economic Restructure in 2012
[Re: Elle]
#174696
06/28/15 02:01 PM
06/28/15 02:01 PM
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OP
Active Member 2019 Died February 12, 2019
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Joined: Dec 2008
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Greek plan for referendum rejected by European leadershttp://www.gods-kingdom-ministries.net/d...h.AUAAV0GQ.dpufJun 27, 2015 Greece’s latest exercise in democracy is being rejected by European leaders. The Greek president announced yesterday that he would present the final European proposal to the people to let them accept or reject it. This made the European leaders angry, so it appears that they are now resigned to a Greek default next Tuesday. http://www.huffingtonpost.com/2015/06/27/greece-bailout-extension-rejected_n_7678488.htmlGreece tried to put this to a referendum four years ago in October 2011, but the referendum was cancelled after European leaders rejected the idea. The Greek view: The people should have the right to decide if they want to be enslaved in order to pay off the “odious” debt incurred by decision of politicians and bankers. The European view: The Greek people should not have the right to vote on whether or not to pay what they owe. The politicians only gave the people what they wanted in terms of pensions and retirement benefits, so the people are indeed responsible. There are, of course, deeper issues, including the role of Goldman Sachs, which used illegal methods (like hiding debt) to allow Greece to qualify to join the Eurozone some years ago. Under biblical law, debtors are to be enslaved until their debts are paid. However, the law also mandates a rest from debt payments every seventh year, and a complete cancellation of debt every 50th year. The Eurozone does not recognize God’s law, however, because the foundation of their legal system is the law of Justinian. This is the law of the “little horn,” which in 534 A.D. established Church law, not God’s law. (So how’s that working out for you?) I don’t like to criticize without also providing some kind of solution. So here goes… I believe these financial events are first steps toward fundamental changes in the law of nations. It is becoming increasingly apparent to everyone that the current economic laws of Western countries are inadequate in the long run. We can see now that man’s laws lead either to total slavery to the creditors or to a repudiation of the unsustainable debt. It’s not that people didn’t know this would happen a long time ago. They could do the math. I was reading about this over 40 years ago. It’s just that now the math has caught up to us, and the time is ripe for judgment. Men used to laugh at the idea of a Jubilee. Now there is a growing chorus among financial experts that we have no choice but to declare a Jubilee. Circumstances will force a Jubilee, and there is nothing that the creditors can do about it, short of enforcing enslavement by military means. The real question is whether men will stop despising God’s law and actually implement the Jubilee. If they simply wipe out the debt but keep the present laws in place, then we will be back to square one in another hundred years.
Blessings
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Re: A new Global Economic Restructure in 2012
[Re: Elle]
#174706
06/28/15 08:27 PM
06/28/15 08:27 PM
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OP
Active Member 2019 Died February 12, 2019
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My Comment: The Lord is fulfilling by repeating the pattern He set with the fall of old Babylon. It was the Babylonian government that fell but there were no destruction of the people. Right after Cyrus, one of the Kings of the East, concquered Babylon, he set up funds to restore the nations by funding their cities, churches, and the people. The nation of Judah benefited from Cyrus generosity and that how the city of Jerusalem was restored and the temple rebuild. We're seeing the Lord fulfilling this Type. China, who are the Cyrus of today, will be funding the nations with this 21 Trillions dollars this coming 5 years. This King of the East will also fund the "Kingdom of God" like they did 2,300 years ago. Also, watch for a coming Jubilee across the world like it was when old Babylon was concquered. With $21 Trillion, China’s Savers Are Set to Change the Worldhttp://www.bloomberg.com/news/articles/2...hange-the-worldby Enda CurranJeff Kearns June 25, 2015 — 7:00 PM ADT Few events will be as significant for the world in the next 15 years as China opening its capital borders, a shift that economists and regulators across the world are now starting to grapple with. With China’s leadership aiming to scale back the role of investment in the domestic economy, the nation’s surfeit of savings -- deposits currently stand at $21 trillion -- will increasingly need to be deployed overseas. That’s also becoming easier, as Premier Li Keqiang relaxes capital-flow regulations. The consequences ultimately could rival the transformation wrought by the Communist nation’s fusion with the global trading system, capped by its 2001 World Trade Organization entry. That stage saw goods made cheaper across the world, boosting the purchasing power of low-income families at the cost of hollowed-out industries. Some changes are easy to envision: watch out for Mao Zedong’s visage on banknotes as the yuan makes its way into more corners of the globe. China’s giant banks will increasingly dot New York, London and Tokyo skylines, joining U.S., European and Japanese names. Property prices from California to Sydney to Southeast Asia already have seen the influence of Chinese buying. Other shifts are tougher to gauge. International investors including pension funds, which have had limited entry to China to date, will pour in, clouding how big a net money exporter China will be. Deutsche Bank AG is among those foreseeing mass net outflows, which could go to fund large-scale infrastructure, or stoke asset prices by depressing long-term borrowing costs. ‘Historic Proportions’“This era will be marked by China shifting from a large net importer of capital to one of the world’s largest exporters of capital,” Charles Li, chief executive officer of Hong Kong Exchanges & Clearing Ltd., the city’s stock market, wrote in a blog this month. Eventually, there will be “fund outflows of historic proportions, driven by China’s needs to deploy and diversify its national wealth to the global markets,” he wrote. The continuing opening of China’s capital account will also promote the trading of commodities in yuan, and boost China’s ability to influence their prices, according to an analysis by Bloomberg Intelligence.As was the case with China’s WTO entry, where many of the hurdles had been cleared in the years leading up to 2001, policy makers in Beijing have been easing restrictions on the currency, the flow of money and interest rates for years. What’s making 2015 notable is the International Monetary Fund’s once-in-five-year review of its basket of reserve currencies. China wants in, and is accelerating reforms to get there. Offshore CentersRecent steps to promote its currency have included setting up five offshore yuan centers, a new link between the Shanghai and Hong Kong stock exchanges and letting the tightly controlled yuan trade against the dollar in a wider band. It has promised to remove a cap on interest paid to savers. “The integration of China –- the world’s second-largest economy with the highest saving rate but still a low per capita income -– into the global capital markets is an unprecedented event,” China International Capital Corp. economists led by Beijing-based Liang Hong wrote in a note this month. There are already signs of that potential. Chinese buyers topped Canadians to rank as the biggest foreign purchasers of U.S. homes by sales and dollar volume in the year through March, accounting for more than a quarter of all international spending. Moving AbroadLenders are speeding up their ambitions: Bank of Communications Co., China’s fifth-largest lender, is making its first overseas acquisition by buying a lender in Brazil, while China Construction Bank Corp. plans to open branches in Europe, Southeast Asia and Africa. The global community is watching. U.S. Treasury Secretary Jacob L. Lew said after meetings this week between U.S. and Chinese officials that China is committed to pushing through necessary reforms to liberalize interest rates, open capital markets and open up more to foreign enterprises. The U.S. wants more access to the world’s second-biggest economy for its financial firms, something that’s been elusive since China’s WTO entry. Few expect the yuan to soon threaten the dollar’s role as the global reserve currency, with a wave of domestic reforms needed first up to reassure international investors -- such as bolstering liquidity in the local bond market. While U.S. policy makers are betting that a more open China will ease currency tensions between the two nations, any rapid depreciation in the yuan could trigger large-scale capital outflows, prompting intervention and new restrictions from China’s policy makers. U.S. Friendly“If they’re going to be gradually opening up to be like the U.S., then vast amounts of money are going to flow overseas,” said David Dollar, who served as U.S. Treasury attache in China and is now a senior fellow at the Brookings Institution in Washington. “I would speculate that it favors the U.S. over everything else.” Other nations, from Argentina to South Korea, have suffered whiplash from volatile capital flows after they eased restrictions. While China is unlikely to tear down the barricades altogether, the opening of the nation’s capital borders will reverberate across the world. “I don’t think you can find any significant economic system where deposits in the banking system are twice GDP,” said Nicholas Lardy, who has studied China for more than three decades and is a senior fellow at the Peterson Institute for International Economics. “That’s the potential.”
Blessings
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Re: A new Global Economic Restructure in 2012
[Re: Elle]
#174720
06/29/15 11:22 AM
06/29/15 11:22 AM
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OP
Active Member 2019 Died February 12, 2019
2500+ Member
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Joined: Dec 2008
Posts: 2,536
Canada
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Here Comes "Prexit": Puerto Rico In "Death Spiral", Debts Are "Not Payable", Governor Refuses To "Kick The Can"http://www.zerohedge.com/news/2015-06-28...t-payable-refus As we noted last night, for a whole lot of time nothing at all can happen under the guise of "containment"... and then everything happens all at once. Because not even two full days after Greece activated the "Grexit" emergency protocol, leading to capital controls, and a frozen banking system and stock market, moments ago the NYT reported that the default wave has jumped the Atlantic and has hit Puerto Rico whose governor Alejandro García Padilla, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.
In other words, first Greece, and now Puerto Rico may be in a state of Schrodingerian default. Why the ambiguity? Because while Greece is not technically in default until July 1, Puerto Rico does not even have an option to declare outright default. But that doesn't mean that the commonwealth will service it. Quoted by the NYT, García Padilla said "The debt is not payable." He added that "there is no other option. I would love to have an easier option. This is not politics, this is math.”
Funny: math went out the window in 2009 when central bank "faith" took over. The problem is that faith has run out, as has the "political capital" to keep an insolvent global system running, and first Greece now Puerto Rico are finally realizing it.
As the NYT adds, this is "a startling admission from the governor of an island of 3.6 million people, which has piled on more municipal bond debt per capita than any American state."
More:
A broad restructuring by Puerto Rico sets the stage for an unprecedented test of the United States municipal bond market, which cities and states rely on to pay for their most basic needs, like road construction and public hospitals. That market has already been shaken by municipal bankruptcies in Detroit; Stockton, Calif.; and elsewhere, which undercut assumptions that local governments in the United States would always pay back their debt.
The immediate implication, as accurately presented by the NYT, is that Puerto Rico's call for debt relief on such a vast scale could raise borrowing costs for other local governments as investors become more wary of lending. Indicatively, Puerto Rico’s bonds have a face value roughly eight times that of Detroit’s bonds.
What is worse for the illusions that is US "capital markets" is that virtually all the same hedge funds who are long Greece on hopes of some central bank bailout, are also long Puerto Rico. As such, while tomorrow most will be spared...... some of the most "respected" US hedge funds will suffer a gruesome bloodbath.
What happens next is unclear: "Puerto Rico, as a commonwealth, does not have the option of bankruptcy. A default on its debts would most likely leave the island, its creditors and its residents in a legal and financial limbo that, like the debt crisis in Greece, could take years to sort out."
So without the "luxury" of default, what is PR to do? Why petition to be allowed to file Chapter 9 naturally: after all everyone is doing it.
In Washington, the García Padilla administration has been pushing for a bill that would allow the island’s public corporations, like its electrical power authority and water agency, to declare bankruptcy. Of Puerto Rico’s $72 billion in bonds, roughly $25 billion were issued by the public corporations. Some officials and advisers say Congress needs to go further and permit Puerto Rico’s central government to file for bankruptcy — or risk chaos. “There are way too many creditors and way too many kinds of debt,” Mr. Rhodes said in an interview. “They need Chapter 9 for the whole commonwealth.”
García Padilla said that his government could not continue to borrow money to address budget deficits while asking its residents, already struggling with high rates of poverty and crime, to shoulder most of the burden through tax increases and pension cuts. Where have we heard that before...
He said creditors must now “share the sacrifices” that he has imposed on the island’s residents. “If they don’t come to the table, it will be bad for them,” said Mr. García Padilla, who plans to speak about the fiscal crisis in a televised address to Puerto Rico residents on Monday evening. “What will happen is that our economy will get into a worse situation and we’ll have less money to pay them. They will be shooting themselves in the foot.” And the punchline:
“My administration is doing everything not to default,” Mr. García Padilla said. “But we have to make the economy grow,” he added. “If not, we will be in a death spiral.” And this one: any deal with hedge funds, who are desperate to inject more capital in PR so they can avoid writing down their bond exposure in case of a default, "would only postpone Puerto Rico’s inevitable reckoning. “It will kick the can,” Mr. García Padilla said. “I am not kicking the can.”
We wonder how long before Tsipras, who earlier was quoting FDR, steals this line too.
And speaking of Prexit, how long before Puerto Rico exits the Dollarzone... and will there be a Preferendum first or will the governor, in his can kick-less stampede, just make a unilateral decision to join Greece, Ukraine, Venezuela and countless other soon to be broke countries in the twilight zone of Keynesian sovereign failures?
Blessings
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Re: A new Global Economic Restructure in 2012
[Re: Elle]
#174728
06/29/15 12:20 PM
06/29/15 12:20 PM
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SDA Active Member 2024
5500+ Member
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Joined: Oct 2008
Posts: 6,512
Midland
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June? No.
Do you see any 15's in the post I made about the no idea, huh? Sorry, at time I don't get what you mean. So you were refering to Stephen's speculation about what he thought Jade Helm 15 meant. Is there something wrong with that? Man(women and men) including the Saints needs to try to understand what the Lord is doing. In wondering what the signs means -- we speculate. It's ok to speculate as long you make it clear it is a speculation when and if you share it. He did that very clearly. We will soon find out what the government will succeed to do with their Jade Helm 15 operation and what the Lord will do with it inside His plan. I think you need to go back to the original comment which caused me to say "no idea, huh?". There seems to be a disconnect here....
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Re: A new Global Economic Restructure in 2012
[Re: kland]
#174740
06/29/15 01:53 PM
06/29/15 01:53 PM
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OP
Active Member 2019 Died February 12, 2019
2500+ Member
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Joined: Dec 2008
Posts: 2,536
Canada
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June? No.
Do you see any 15's in the post I made about the no idea, huh? Sorry, at time I don't get what you mean. So you were refering to Stephen's speculation about what he thought Jade Helm 15 meant. Is there something wrong with that? Man(women and men) including the Saints needs to try to understand what the Lord is doing. In wondering what the signs means -- we speculate. It's ok to speculate as long you make it clear it is a speculation when and if you share it. He did that very clearly. We will soon find out what the government will succeed to do with their Jade Helm 15 operation and what the Lord will do with it inside His plan. I think you need to go back to the original comment which caused me to say "no idea, huh?". There seems to be a disconnect here.... Yes I do agree there's a disconnect between you and I. We are on different wave lenght which is not so unusual as all the people are not in harmony yet. I do believe the Lord will get us all on the same wave lenght. It will take some time, but it will be done according to His word. 'till then, we need to do our best to understand each other. In regards to Jade Helm 15....it is a military exercise...there's no doubt about that as it is seen in the US. What is the mystery as it is not reveal to the people yet, is it's purpose. That's what Stephen Jones speculated based on the name they have called their operation and based on what he knows the Lord is doing right now. Jade = Chinese, Helm = helmet(head), 15 = ??? unknown. There's nothing wrong to try to figure out what the operation purpose with the name it was given. I have seen many others from secular groups that have the same speculation. I have not read anyone trying to decode the name though. But we(the sheeples) won't know its purpose until the operation is completed and has become more transparent to us. Time will tell the truth as with all other truths that will be reveal by the Lord who is working out the events and fulfilling His prophecies according to His own will at His own good pleasure. Man may have some wills and plans, but it is always the Lord's will and plans that get fulfilled at the end.
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Re: A new Global Economic Restructure in 2012
[Re: Elle]
#174751
06/29/15 04:33 PM
06/29/15 04:33 PM
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NON-SDA Active Member 2019
Dedicated Member
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Posts: 1,195
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Elle, have you sold everything in your possession? Or are you like the Scribes and Pharisees of whom Jesus spoke saying, according to Mat. 23:4, "For they bind heavy burdens, hard to bear, and lay them on men’s shoulders; but they themselves will not move them with one of their fingers"? ///
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Re: A new Global Economic Restructure in 2012
[Re: James Peterson]
#174756
06/29/15 06:05 PM
06/29/15 06:05 PM
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OP
Active Member 2019 Died February 12, 2019
2500+ Member
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Elle, have you sold everything in your possession? You misunderstood. I didn't get it at first either. His statement is related to the context of the video. Since they have showed quickly that the EU and their countries are all bankrupt -- what I understand his message is -- to sell everything in form of paper that is based on this rediculous insolvent unsubstainable fiat money system for their whole system is about to collapse.
Blessings
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Re: A new Global Economic Restructure in 2012
[Re: Elle]
#174759
06/29/15 08:59 PM
06/29/15 08:59 PM
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NON-SDA Active Member 2019
Dedicated Member
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Joined: Jul 2013
Posts: 1,195
Canada
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His statement is related to the context of the video. Since they have showed quickly that the EU and their countries are all bankrupt -- what I understand his message is -- to sell everything in form of paper that is based on this rediculous insolvent unsubstainable fiat money system for their whole system is about to collapse. The money (or currency) is NOT the problem, but the unwillingness of the indebted to honour their debt. Banks collapse when people who borrowed refuse to pay back their loans, and this leaves others without the means to generate wealth. Suddenly, jobs go, commodities dwindle and the society collapses on itself. The entire financial system runs on the confidence that currency is circulating freely and fairly. If you want to leave the system, you are free to do so; but that is NOT what the Bible recommends. Jesus said, "Render to Caesar, the things that are Caesar's; and to God, those things that are His." (Mat. 22:20-22) ///
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Re: A new Global Economic Restructure in 2012
[Re: James Peterson]
#174761
06/30/15 12:11 AM
06/30/15 12:11 AM
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OP
Active Member 2019 Died February 12, 2019
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The money (or currency) is NOT the problem, but the unwillingness of the indebted to honour their debt. Banks collapse when people who borrowed refuse to pay back their loans, and this leaves others without the means to generate wealth. Suddenly, jobs go, commodities dwindle and the society collapses on itself. The entire financial system runs on the confidence that currency is circulating freely and fairly.
I think you need to get informed how the current system works. Check this very good graphic 30 min explaination posted on page 25. https://www.youtube.com/watch?v=iFDe5kUUyT0. It is a debt based system using usury to enslaved men and nations. In the long run, mathematically it doesn't work and was design to fail from the start. BTW there's no "free market".....all is rigged by them. Read up on the Libor scandal. (I have posted some stuff about the libor and other manipulation starting on page 11) If you want to leave the system, you are free to do so; but that is NOT what the Bible recommends. Jesus said, "Render to Caesar, the things that are Caesar's; and to God, those things that are His." (Mat. 22:20-22)
I'm in agreement with Jesus about submitting to the government the Lord places over us. (see Rom 13). I'm not advocating leaving the system. However the Lord also told us that this BEAST Empire (Mystery Babylon) is going to fall. This has been going on little by little by weakening it since 1990s and the entire collapse of the system is happening now. The Lord told us ahead of time so we won't be dismayed when it happens and wisely prepare ourself to secure our wealth (& our families)that was entrusted to us so we can be ready to invest ourself and our wealth for the building of the next Kingdom. The next Kingdom we know that it will be the Kingdom of God, an everlasting Kingdom, that will be given to the Saints of the Most High(Daniel 2 & 7). Now if you loose all your savings and wealth during this transfer of Kingdoms, you'll look very foolish and you won't be able to tell the Lord or your family you didn't know about it.
Blessings
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