Posted in eu, mark of the beast, prophecy

The European economy and Nebuchadnezzar’s statue

In Nebuchadnezzar’s dream of the statue, Daniel explained the meaning to the king. The statue was composed of four metals from head to toe, and each metal represented an empire. (Dan 2:31-35). The head of gold represented Babylon, the Chest and Arms of Silver represented Medo-Persia. The belly and thighs, or hips, represented Greece. The legs of iron were Rome. The Roman empire was divided, east and west as the eastern capital of the empire was stationed at Constantinople, now Istanbul in Turkey. The toes were said to be mixed iron and clay and very brittle, not holding together, and that is the Tribulation revived Roman Empire from which the antichrist will emerge.

The final piece of the prophecy involves a stone. “Thou sawest till that a stone was cut out without hands, which smote the image upon his feet that were of iron and clay, and brake them to pieces.” (Dan 2:34). The Stone comes and “and the stone that smote the image became a great mountain, and filled the whole earth.” The stone that was cut without hands is Jesus, who is prophesied to have all the governments upon His shoulder (Isaiah 9:6).  Mountains are usually symbols for governments. Jesus will rule and reign after He crushes the final kingdom at Armageddon.

So, are we there yet? Is the old Roman Empire revived? Yes. How do I know this? We see that kingdom has emerged now. If you look at the European Union you will note its government. It is composed of disparate elements which will be more disparate after the rapture and the antichrist seeks to unite elements which do not normally adhere and in truth will fall apart. The EU’s government is not a democracy. Not at all. Though there is a Parliament, in truth the EU is run by behind the scenes men in Belgium who were NOT ELECTED. Most of these men are former financial chiefs from the highest echelons of their former governments or from the extra-governmental International Monetary Fund or the European Central Bank. And the IMF and ECB run Europe too, anyway. The people of Europe who belong to the EU, five hundred million people, have no say in how their governments are run, really.

There are no borders in Europe. EU members opened their borders, so that anyone from “Germany” who wants to take a train to “Italy” or “Slovenia” will not have to have a passport stamped or go through customs. It is all one.

The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states. Supranational means outside of national influence, or, higher than national. And you notice it says decisions, not votes. When 500 million people are ruled by a few men through decision whereupon they have no national accountability, it is an empire, and those men are kings of Europe. With that in mind, look at how the guys at Zerohedge phrase their post and presented a video in which economist

“David McWilliams succinctly explains how Europe has evolved from a democracy to a bankocracy, the implications of which lead to austerity for the people and a Franco-German imposition (the ‘fiscal compact’) that can only lead to social unrest and chaos. In this brief (and expertly illustrated) video, the Irish economist clarifies Europe’s ‘dirty little secret’ where economic policy is being run almost exclusively for the banks which, as we see in Greece and Ireland, means the political elite are becoming more and more detached from the people.”

Sovereign men who run large swathes of lands by decision, who are more and more detached from the people, are exactly the kind of governments we see prophesied in the last days, the antichrist’s government. Then, the rich buy their luxuries such as ivory, gold, silver, jewels, (Rev 18) and care not for the poor who work all day for pay that only buys a loaf of bread (Rev 6:6) and even then sometimes gets cheated out of it. (James 5:4). The wealth gap prophesied to occur is happening now, even as Europe revives its empire economically, politically, financially, governmentally…

EU unemployment all time high
“The number of unemployed people in Europe is reaching record highs as the economic crisis unfolds into one with significant social consequences.In eight member states alone, over 30 percent of young people under 25 are out of jobs. The worst affected continues to be Spain where half its young are jobless. Images of long queues outside unemployment offices paint a bleak picture in the Spanish state where almost a quarter of all its citizens are unemployed.”

The Baltic Dry Index is an indicator of global economic health. It has been collapsing–and though the Wall Street Journal is fairly staid in its use of language, they wrote that the BDI is not only collapsing, but “spectacularly” collapsing

Spectacular collapse of BDI
“The spectacular collapse in the Baltic Dry Index, which tracks the cost of shipping bulk freight, gives copper traders something to worry about, says Country Hedging’s Sterling Smith.The index is a proxy for moving goods around the globe and the now-30-session decline appears to indicate global commerce is stalling.”

After the stall…what? A monetary crash? An economic limbo? A financial revival? We don’t know exactly except for what Revelation 6:6 shows, that people will work all day and only be paid enough for a loaf of bread. And in Revelation 18:11-20 it shows economic Babylon’s fall but in that fall it shows that a healthy economic trade in luxuries had been going on. Revelation 13 shows that an economy exists, because no one may buy nor sell if they do not accept the mark of the beast (verse 16-17).

The Roman Empire has been revived, setting the stage for the above verses to be fulfilled.
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Posted in biometric, india universal ID, mark of the beast, prophecy

India: World’s biggest biometric identity plan progressing fast

The bible says that in the Tribulation all peoples will have a mark on their hand or forehead as a mark of allegiance to the antichrist, without which no one may buy nor sell. This is an astounding prophecy, because there are currently 7 billion people in the world. Even after the initial judgments where a third of the world is killed it is still a lot of people to keep track of. How is it done? Why would people join such a privacy-invading scheme? I’ll take a guess. Money.

The contractors hired to sign up people are paid by the sign-up. Once enrolled, the signees have the benefit of welfare rolling straight into their bank accounts. The pace of sign up in some places is astonishing. Read an excerpt below. Detractors say that though the program is currently voluntary, it could easily turn mandatory, and that the private biometric information on each enrolee is not secure. Well, we know how that turns out. They are right.

“He [antichrist] causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name. Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.” (Revelation 13:16-18).

I recommend the entire article from The Economist. It is fascinating.

India’s Universal ID scheme: reform by numbers
“FOR a country that fails to meet its most basic challenges—feeding the hungry, piping clean water, fixing roads—it seems incredible that India is rapidly building the world’s biggest, most advanced, biometric database of personal identities. Launched in 2010, under a genial ex-tycoon, Nandan Nilekani, the “unique identity” (UID) scheme is supposed to roll out trustworthy, unduplicated identity numbers based on biometric and other data.”

“Any resident who wants one can volunteer. The scheme combines work by central and state governments and a number of other partners—largely technology firms that capture and process individuals’ data. The goal, says Mr Nilekani, is to help India cope with the past decade’s expansion of welfare provision, the fastest in its history: “it is essentially about better public services”.

“All that should have been the recipe for a project mired in delays, infighting, empire-building, graft and bad results. Few expected UID to hit its ambitious targets. A year ago, only a few million had enrolled and barely 1m identity numbers had been issued. Warnings about fragile technology, overwhelmed data-processing centres and surging costs suggested slow progress.”

“Instead this week saw the 110-millionth UID number issued. Enrolments (which precede issued numbers by some months) should reach 200m in a couple of weeks. Mr Nilekani, eagerly hopping about his office to call up data on his laptop, says that over 20m people are now being signed up every month. He expects to get to 400m by the year’s end.”

“That is an astonishing outcome. For a government that has achieved almost nothing since re-election in May 2009, the scheme is emerging as an example of real progress. By 2014, the likely date of the next general election, over half of all Indians could be signed up. If welfare also starts flowing direct into their accounts, the electoral consequences could be profound.”

“To get a sense of the scale of UID’s achievement, linger at a mosquito-ridden enrolment centre in Uttan Gaon, a coastal village north of Mumbai. Huddled in a damp fire-station a young man connects a laptop, a binocular-style iris scanner and a glowing green machine that records 30 points from a set of fingerprints. In the gloom, his contraption could be a robot from an early Star Wars film.”

“Employed by Wipro, a technology firm and agent for the UID project, he has to get through 40 to 50 residents a day. His hassles, and those of armies of others deployed all across India, look endless. At times no one comes to enroll. Local government is supposed to run campaigns to lure them in, but indifference, bad weather and non-stop religious festivals keep them at home or partying.”

Another article on the subject from The Eocnomist. This one tales the slant that India’s poor economy and general bureaucratic incompetence (their words) were thought to be hindrances to the ID plan’s success. They weren’t. In my opinion this shows that no matter how disparate the people or the geography, no matter how much in disarray the economy is or will be, a massive governmental ID scheme can have rapid success. The article is titled, “The Magic Number
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Posted in mark of the beast

Mark of the beast is not just possible now, it’s here

Even atheists have heard of one of the bible’s most deadly and mysterious prophesies, “the Mark of the Beast”. This prophecy is found in Revelation 13:16-18. It says that the antichrist, also known as The Beast, will force everyone to worship him. To cement this worship all people on earth must receive a mark on their hand or forehead. If you don’t accept this mark, you can’t buy or sell (participate in the economy). Also, you will be hunted down and killed. (Rev 20:4).

The Lord gives us the prophecies but He does not fill in every single detail all the time. In this case, we are not told if the mark will be the currency or the mark will be the permission on which someone may buy or sell using their own national currency. Likely the former.

The interesting thing about the prophecy is that it presupposes that the technology available when the conditions are ready for fulfillment will be that every person in the world can be tracked from a central point. For many years during the modern era (after 1920 or so, since electricity and telephones etc) Christians who believe the bible believed the prophecy, but for the life of them could not figure out how it would be fulfilled. Then the space age came and satellites now orbit, and Global Positioning systems reveal just how easy it is to track people and objects.

Even at that, it’s hard to think of how a system can come together where every person who shows up at a cash register at some store can be immediately identified as a friend or a foe to the antichrist. It is hard to think of how each of the 7 billion people of the world can be tracked if they have the mark or hunted if they don’t.

This essay is not to say that the technology is coming soon, but that it is here and in place.

We don’t see technological infrastructure, so we don’t know the degree to which the world’s more advanced governments have pushed the envelope of personal invasion of privacy. But we are finding out, and quickly.

Michael Snyder wrote on his Economic Collapse blog, “If you live in the United States of America, you live in a giant prison where liberty and freedom are slowly being strangled to death. In this country, the control freaks that run things are obsessed with watching, tracking, monitoring and recording virtually everything that we do. Nothing is private anymore. Everything that you do on the Internet is being monitored. All of your phone calls are being monitored. In fact, if law enforcement authorities suspect that you have done something wrong, they will use your cell phone microphone to listen to you even when you think your cell phone is turned off. In many areas of the country, when you get into your car automated license plate readers track you wherever you go, and in many major cities when you are walking on the streets a vast network of security cameras and “smart street lights” are constantly watching you and listening to whatever you say. The TSA is setting up “internal checkpoints” all over the nation, Homeland Security is encouraging all of us to report any “suspicious activity” that our neighbors are involved in and the federal government is rapidly developing “pre-crime” technology that will flag us as “potential terrorists” if we display any signs of nervousness. If you are flagged as a “potential terrorist”, the U.S. military can arrest you and detain you for the rest of your life without ever having to charge you with anything. Yes, the United States of America is rapidly being turned into a “Big Brother” prison grid, and most Americans are happily going along with it.”

I’m sure you’ve seen the headlines that match and support the truth of the above. I have. Now there is another headline that today gives me pause. It is actually the basis for writing this piece.

Researcher’s Video Shows Secret Software on Millions of Phones Logging Everything
“The Android developer who raised the ire of a mobile-phone monitoring company last week is on the attack again, producing a video of how the Carrier IQ software secretly installed on millions of mobile phones reports most everything a user does on a phone. Though the software is installed on most modern Android, BlackBerry and Nokia phones, Carrier IQ was virtually unknown until 25-year-old Trevor Eckhart of Connecticut analyzed its workings, revealing that the software secretly chronicles a user’s phone experience — ostensibly so carriers and phone manufacturers can do quality control. But now he’s released a video actually showing the logging of text messages, encrypted web searches and, well, you name it.”

It gets worse. More from the article:

“Cringe as the video shows the software logging each number as Eckhart fingers the dialer. “Every button you press in the dialer before you call,” he says on the video, “it already gets sent off to the IQ application.” From there, the data — including the content of text messages — is sent to Carrier IQ’s servers, in secret. By the way, it cannot be turned off without rooting the phone and replacing the operating system. And even if you stop paying for wireless service from your carrier and decide to just use Wi-Fi, your device still reports to Carrier IQ.”

Now is it possible to see how quickly the prophecy from Revelation can be fulfilled? One inhibitor to the general populace accepting this was that the general populace rebelled against even the thought. Now we have gotten so used to invasive technology tracking our every move that we don’t even murmur when it pushes ever more deeply into our lives. It’s obvious that the people don’t care if they are tracked, and it is equally obvious that the technology developers and installers have no moral qualms about tracking. So as of this moment, there is means and opportunity, as they say in the crime shows. All that is left is the motive. And with the collapse of Europe and the global financial system likely upon our doorstep, motive will soon appear. Very soon. Jim Cramer of CNBC says that because of what is happening in Europe, the global financial system is at “DEFCON 3, two stages from a financial collapse that is so huge it’s hard to get your mind around.”

ANd one more item, also from Michael Snyder, about a new bill in the US Congress. “A new bill that is going through the U.S. Senate would allow the U.S. military to arrest American citizens and hold them indefinitely without trial. This new law was recently discussed in an article posted on the website of the New American….In what may be a tale too bizarre to be believed by millions of Americans, the U.S. Senate appears ready to pass a bill that will designate the entire earth, including the United States and its territories, one all-encompassing “battlefield” in the global “war on terror” and authorize the detention of Americans suspected of terrorist ties indefinitely and without trial or even charges being filed that would necessitate a trial.”

So the world is a battlefield in which technology can and should be used to track people. They want to track Americans now but that could and soon will change to tracking everyone. How do I know this? The bible tells us. Revelation 13 and it is called The Mark of the Beast. It is here.

Means & Motive exist. Opportunity is knocking as we speak. The most sinful, evil person in the entire world will soon appear on the scene and soon after that, he will implement the Mark. Are you ready? You will have to ready yourself for that fateful decision, if you are not one of Jesus’ children right now, and among those therefore who will be raptured out of the world before all this begins. Repent of your sins, meaning, are you sorry for the sinful person that you are? If you believe you are a sinner and that Jesus came to earth in a body, lived a sinless life, died to become sin and take the wrath of God, and rose to life on the third day, then you are a believer in the Gospel. That’s the Gospel. That is what you need to escape all these things and be reconciled to Jesus forever. Consider it.
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Posted in bible jesus, mark of the beast, technology, technorapture

Self assembling robots, electronic skin computers, and the mark of the beast

What does it mean to be human? The lines between human-ness and a mixture of biology plus ‘something else’ are getting closer together, almost ready to cross. We wonder what humans will look like in 20 years, 50 years, or even tomorrow. This discussion is called “Transhumanism” and it is represented by H+. The symbolism is obvious: human plus…but to Christians, adding anything to being human is a violation of God’s creation of us as creatures in His likeness. Therefore, satan is behind any movement, principle, or thought that seeks to fundamentally change or add to our humanness.

Transhumanism is described by Wikipedia thus: “Transhumanism, often abbreviated as H+ or h+, is an international intellectual and cultural movement that affirms the possibility and desirability of fundamentally transforming the human condition by developing and making widely available technologies to eliminate aging and to greatly enhance human intellectual, physical, and psychological capacities. Transhumanist thinkers study the potential benefits and dangers of emerging technologies that could overcome fundamental human limitations…”

Transhumanism is is actually a man-made philosophy because if anyone comes to repent and believe on Jesus name, they will be transformed, regenerated, their abilities greatly enhanced and at the last day, will overcome human limitations. (including gravity!)

Accompanying the Transhumanist movement is another movement called the Singularity, or the techno-rapture. It is the moment when the exponential growth of technology intersects and surpasses the processing of the human brain. In other words, a fusion of humanity and technology that creates a new race, cyborgs if you will.

Notice the parallels between the techno-rapture and the real rapture. At the rapture for believers, Jesus will call us up to Him and “in a moment, in a twinkling of an eye, we shall be changed, For this perishable must put on the imperishable, and this mortal must put on immortality.” (1 Corinthians 15:52-53). Our bodies are changed into something else, made impervious to earthly concerns and in fact since we are glorified, we become something more than human, or as transhumanists say, H+. Jesus completes his work with us and in us.

In the secular philosophy of trans-humanism and the techno-rapture, our evolution toward ever higher states of being are self-guided. It is man’s efforts that bring change about, and that change seeks to drive humanity toward ever higher states of being, made impervious to earthly concerns and in fact since we would be glorified in the eyes of fleshly man, we become something more than human, H+.

I wrote about the Singularity in 2010, here. I wrote about nanotechnology last year, too. That essay is here.

These next four article excerpts show that the moment when human biology and technology are closer together than ever, when our very likeness made in his image could soon be corrupted into a satanic version of a cyborg. Please note that in this first article from Extreme Tech, it is the original headline. They actually used ‘judgment day’ to describe the article. And in the first sentence, they actually referred to cyborgs.

Self-assembling micro-robots created, Judgment Day looms
“In news that makes you wonder if anyone from the US Department of Energy has watched the Terminator films, physicists at the Argonne National Laboratory have successfully created self-assembling micro-robots that are just 0.5mm (500 micron) in diameter. … The main significance of this discovery is the remarkable accuracy and delicacy that these magnetic controls can provide. … In the short term, these micro-robots could be used to deliver cancer drugs (or any kind of medication) in a highly-targeted fashion, rather than the carpet bombing approach that is currently used — but in the long term, they could be used to make things. That is the ultimate goal of nano- and micro-robotics, after all: self-assembling robots that can assume the perfect form for a task, and then dissolve into nothingness or take on another form. Even with these nascent, crude asters, you could still create a computer program that repeatedly walked a bunch of micro-robots through the same actions.”

Do you really want self-assembling robots crawling around inside your body, making things? I don’t.

How computers will soon get under our skin
A stick-on circuit can monitor heart rate as well as conventional devices, but is weightless, wireless and inconspicuous
“It may soon be possible to wear your computer or mobile phone under your sleeve, with the invention of an ultra-thin and flexible electronic circuit that can be stuck to the skin like a temporary tattoo. The devices, which are almost invisible, can perform just as well as more conventional electronic machines but without the need for wires or bulky power supplies, scientists said.”

All I can say is “ewwww.” How do you control them? What if it runs amok?

Nanofiber Regenerates Blood Vessels
“A synthetic material may help to repair tissue after a heart attack, and aid transplants. Regenerating blood vessels is important for combating the aftereffects of a heart attack or peripheral arterial disease, and for ensuring that transplanted organs receive a sufficient supply of blood. Now researchers at Northwestern University have created a nanomaterial that could help the body to grow new blood vessels. … The “epidermal electronic system” relies on a highly flexible electrical circuit composed of snake-like conducting channels that can bend and stretch without affecting performance. The circuit is about the size of a postage stamp, is thinner than a human hair and sticks to the skin by natural electrostatic forces rather than glue.”

This next article specifically claims to blur the lines between human biology and technology.

Electronic skin tattoo has medical, gaming, spy uses
“A hair-thin electronic patch that adheres to the skin like a temporary tattoo could transform medical sensing, computer gaming and even spy operations, according to a US study published Thursday. The micro-electronics technology, called an epidermal electronic system (EES), was developed by an international team of researchers from the United States, China and Singapore, and is described in the journal Science. “It’s a technology that blurs the distinction between electronics and biology,” said co-author John Rogers, a professor in materials science and engineering at the University of Illinois at Urbana-Champaign. “Our goal was to develop an electronic technology that could integrate with the skin in a way that is mechanically and physiologically invisible to the user.”

How long will the LORD wait until He claims His creation? How long will He watch us tinker with our bodies as we seek to fundamentally change who we are away from His likeness? How long will He watch us alter our biology as we mix man-made technology with our humanity and drift ever further away from His creation? He waited until there were only 8 righteous people left in the world before He sent the flood.

I am not saying that technology is bad. I am not saying that biological technology is bad. It has enhanced millions of lives. It has lengthened millions of lives. It has made more comfortable millions of lives. When pacemakers were introduced it seemed that the frontiers of biology and technology were pushed to the limits, but now a pacemaker insertion is almost as routine as popping an aspirin. We have come a long way since the Civil War when doctors amputated using a saw and no anesthetic and gave the person a wooden stump to walk around on.

But the technological advances always come with a price. We don’t know how such advances will morph into something that could be harmful to us, our psyche, or our basic human-ness. Further, since satan is god of this world (2 Corinthians 4:4) we know he continually seeks to corrupt us by every means at his disposal, including technology. Last, we know that at the end of days the anthichrist will cause a mark to be placed on the forehead or the hands of all who wish to participate in the economy. That is some technological advancement! Not only does the antichrist need to have gained control of the entire global economic system, but he needs to be able to rely on a tracking system to count each person. This is because all who refuse the mark (which is a mark of worship of him- Rev 13) will be hunted and killed. (Rev 20:4).

I look to the bible as all truth. It is my complete guide to life on earth and life eternal. It shows us what has happened, what is happening, and what will happen. I like to look to the end and then back up to see where we are on the timeframe. We see technologies being created and coming into common use that support the technological statements in the bible, such as like the mark of the beast (Rev 13:16-17), or the ability for the entire globe to watch the resurrection of the Two Witnesses (Rev 11:11-13). As those technologies are created, I believe that the real rapture is closer than ever.

72-year-old John Hagee is a pastor from a long line of pastors. He related in an interview once that he remembers sitting around the kitchen table as a child, listening to his father and his grandfather discuss the Two Witnesses’ resurrection which the whole world saw. Television had been invented but was just coming into common use. Hagee’s father and grandfather believed the event would happen as described because they believed in the truth of the word as delivered by the Holy Spirit. But they could not envision it. The technology had not been invented yet. However within the same generation, Hagee and all men and women of that age have seen men walk on the moon, satellite communications, the internet, and now nanotechnology and robotics that combined, not only enhance our lives, but also actually threatens our humanity.

Can the rapture be far behind? I don’t believe it is going to be long in coming.
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Posted in downgraded, mark of the beast, prophecy

Downgraded! What does it mean for the US economy? (UPDATE)

Here is an article from ABC that explains the effects of the US government’s credit rating’s downgrade from AAA to AA.

S&P Drops US Credit Rating to AA+: 5 Easy-to-Understand Effects of a Downgrade

—————-
“Standard & Poor’s announced Friday night that it has downgraded the sterling U.S. credit rating for the first time. The move came even though the Treasury Department said that it had found a math error in the firm’s calculations of deficit projections, according to a person familiar with the matter. S&P (Standard and Poor’s) decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending. Analysts have said a downgrade could increase the cost of borrowing for the U.S. government and lead to tens of billions of dollars in more interest costs per year. That could translate into higher borrowing for consumers and businesses, too.” (source)

I’ve read plenty of economic analysis lately that explains what it means to be downgraded in terms of specifics to our economy. I can’t re-explain them to you now, because I understood them at the time but I’m not experienced enough to know the ins and outs to be able to recall it and then present the information. Here is one analyst’s version of what a downgrade will do to the economy. But I do know it will be bad, and right away, too. Where the article says it will cost us more to borrow it means disaster. That is the bottom line.

Here is the text of the S&P release that accompanied the downgrade:

“The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year’s wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.” What to expect on Monday: ” it is possible that interest rates could rise if investors re-price relative risks. As a result, our alternate scenario factors in a 50 basis point (bp)-75 bp rise in 10-year bond yields relative to the base and upside cases from 2013 onwards. In this scenario, we project the net public debt burden would rise from 74% of GDP in 2011 to 90% in 2015 and to 101% by 2021.” And why all those who have said the downgrade will have no impact on markets will be tested as soon as Monday: “On Monday, we will issue separate releases concerning affected ratings in the funds, government-related entities, financial institutions, insurance, public finance, and structured finance sectors.”

The German magazine Spiegel published today the following opinion piece:

“This week, the United States nearly allowed itself to succumb to economic disaster. Increasingly, the divided country has more in common with a failed state than a democracy. In the face of America’s apparent political insanity, Europe must learn to take care of itself. The word “West” used to have a meaning. It described common goals and values, the dignity of democracy and justice over tyranny and despotism. Now it seems to be a thing of the past. There is no longer a West, and those who would like to use the word — along with Europe and the United States in the same sentence — should just hold their breath. By any definition, America is no longer a Western nation. The US is a country where the system of government has fallen firmly into the hands of the elite. An unruly and aggressive militarism set in motion two costly wars in the past 10 years. Society is not only divided socially and politically — in its ideological blindness the nation is moving even farther away from the core of democracy. It is losing its ability to compromise. America has changed. It has drifted away from the West.”

So USA has reduced economic credibility in fact and is seen to have reduced economic stability in perception. We’ve been said to have cooked the books (according to AP), our debt is 100% of Gross Domestic Product, we are now toxic (being a failed state), and former economic allies are backing away as fast as they can pedal. The USA’s economy is the world’s biggest, so this downgrade will have monumental impacts to the rest of the world’s economy. (As stated by the last line of the S&P release).

I do not know what that impact is or how long it will take to permeate, but I have a feeling it will not be long. I DO know that the book of Revelation in chapter 13 describes an economy that can be controlled by one man down to the specifics of who is participating in it and prevent any person he chooses from buying or selling if they refuse to worship him- the antichrist. In order for the economy to be that tightly controlled, I’ve long been saying that the present economy must collapse, in order to make way for the new economy AND the man proposing to solve the global economic problems which preceded it. Is that time here? God knows, but it really feels like things are not just fraying, but ripping to shreds.

Tomorrow Gov. Rick Perry of TX is calling for a day of prayer and fasting. It is a day that’s been set aside for those purposes since last December, so it is not a response to this current economic crisis, per se. It is a forward thinking Christian man who saw the train coming down the tracks and knew that it was headed in the wrong direction spiritually, economically, politically every way. Here is Joel Rosenberg’s plea for participation in the day of prayer and fasting, even if you are not in Texas. Prayer is not an alternative, it is the only response to a world that is getting further out of control, our control. It is all in God’s hands. If we clasp ours and repent, we will be in His hands, too. And that is a very good place to be.
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Posted in end of days. prophecy, end time, mark of the beast

The digital agenda for Europe includes a single European payment area. Mark of the beast infrastructure formed now

Let’s start from the end and work backward. The near future: “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” (Rev 13:16-17) This is the famous Mark of the Beast verse. Many people refer to it as the “one world currency” or the “New World Order.”

Though the verse does not explicitly say, the concept of a global economy is inherent in the verse. If the Beast has been granted power over all the people, tribes, tongues and nations (Rev 13:7b) and causes all to engage in a certain action, i.e. to worship him, (Rev 13:8) then it stands to reason that he has power over the global economy, also. If you have the Mark, you can participate in the economy. If you don’t have the mark, you can’t participate in the economy – in any way.

Let’s skip back now to the past generation. Prior to the microchip’s invention in 1960 it seemed impossible that these verses could come about. People in prior generations could not conceive of how one man could have economic power over all the people in the world. Remember, these were the days before computers, satellite television, the internet, global positioning systems, and cell phones. The world was still a big place then, and many of the globe’s nations were little known to a non-traveling public.

In 1950 Europe had just finished a devastating world war and sovereignty was rampant. People loved their countries, having come so close to losing them, thanks to Hitler. And they wanted it to stay that way. But they also wanted economic prosperity. WWII had wiped them out.

The European Union was born in 1950 when an economic partnership between 6 nations over coal and steel was formed. Coal and steel were necessary components of the continent’s re-build of the continent’s WWII bombed-out infrastructure. Belgium, France, Germany, Italy, Luxembourg and the Netherlands were those partners, and it went so well that  by 1957 the European Economic Community, or “Common Market” was born.

Between the birth of the microchip born 1960 and the solidification of the Common Market in the same decade, the groundwork for Revelation 13’s oppression through economic means was laid. In the 1970’s the Common Market was expanded to nine with the inclusion of Denmark, Ireland and the United Kingdom. By the end of the 1970s the European Parliament was created and member states could directly elect their representative.

In 1989 the Berlin Wall came down and the European Union bloomed as East and West Germany were unified. No more Iron Curtain separated vibrant economies of the same continent, and the EU grew in stature and membership. 1993 was the seminal year, when the Single Market was completed with the ‘four freedoms’ of: movement of goods, services, people and money.

In the millennium 2000 decade, the euro was introduced, and the EU membership swelled to 27 nations. They adopted a constitution. With the collapse of communism and its doctrine of suppression of information, the internet became widely available to the lay-person.

But wait, there’s more. Here’s where it gets closer to the end point that we saw in Revelation 13. The EU has a plan, and it has been lately debated and this week it was legislated and accepted. The next plan includes ‘pillars’ named “Single Market Act,” “Digital Single Market” and “European Stability Mechanism” – with implementation by 2012.

Thanks to some of the European nations that are not as deeply in debt as others, the EU is surviving the current fiscal crisis. However, they note that they were still impacted, notably by a large unemployed segment of the population – almost 10%. The Single Market Act was proposed and adopted by the European Commission this week. The Single Market Act proposes 12 key actions to boost European competitiveness and to unlock economic growth and jobs which, considering the crisis, we want to see adopted by the end of 2012. The 12 action items all of relate in some way to the free-flow of money, venture capital, and employees with payroll in and among member nations.

But HOW is the money, capital, and payroll to flow freely, you might wonder? The Digital Single Market, one of the founding pillars of the Digital Agenda for Europe.

“Transport, energy and electronic-communications networks are the backbone of the single market. Indeed, efficient infrastructures foster rapid free movement of people, goods and various types of energy and data (with the allocation of a sufficient radio spectrum) at a reasonable cost. Efficient economic integration relies on the integration of efficient infrastructure networks … networks need to become smarter in order to improve energy transmission. New legislation must facilitate the establishment of a unified smart network…”

The infrastructure mentioned is no longer the coal and steel, quaint commodities of the old days of the burgeoning EU in 1950, but data networks, fast internet, and single European payment area.

The problem is that a French guy’s credit card may not work in Bulgaria. A venture capitalist from Finland might want to start an annex to his business in the Czech Republic, and the data-transfer infrastructure as it stands now is too cumbersome. Hence, the ‘Digital Agenda for Europe’: in a nutshell, streamline the whole thing, NOW.

Single European Payment Area (SEPA) “will improve the efficiency of cross border payments and turn the fragmented national markets for euro payments into a single domestic one: SEPA will enable customers to make cashless euro payments to anyone located anywhere in the area using only a single bank account and a single set of payment instruments.” Wikipedia, map at link. Timetable is completion by end of 2011. 1st meeting is in June 2011.

I gave you the short history so you could see how far and how fast the economic unification has come in one generation. Fifty years ago, a Christian reading the Revelation 13 verse could not conceive, nor comprehend how it would all work. This week, the European Single Market Act was passed. The Single European Payment Area is on the horizon, and once the ‘infrastructure’ is created, it would not take much for a smooth talker who was killed and resurrected to wow the world and slyly take over the whole shebang. Which, since we know the end from the beginning, he will do. And it looks like it won’t be long.

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Posted in currency, end time, mark of the beast, prophecy, wireless transistors

Mark of the Beast rising: Currency to have wirelesss tracking transistors

“It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.” (Rev 13:16-17). Those verses speak of the False Prophet. He institutes a system that tracks all people. It’s put on or in everyone’s hand or forehead. It is not necessarily currency itself, but it IS a mark of worship to and allegiance with the Antichrist. Its purpose is to identify those who worship the antichrist. The “benefit” to having the mark is that you will not be killed, and that you can participate in the global economy. Verse 18 is the famous 666 reference. Of course, anyone who takes the mark won’t be killed by the antichrist but their souls are forever damned and they will spend an eternity in hell. (Rev 14:9-10)

Ever since those scriptures were written man must have wondered about the mechanics of how one person could cause all the world’s population to have a mark on them. Can’t you just quietly refuse? Who would know? How are they going to track you down? Can’t you just go somewhere else? Until Social Security numbers came along the 1930s, anyone could simply change identities by moving and making up a new name.

Even more puzzling to previous generations, must have been concerning the technology. How would a mark on one’s hand allow the government to track all your purchases? How can it be? Our Sunday School teacher is 90 years old. When he was growing up, this county didn’t even have electricity until he was 21.

But Daniel 12:4’s prophecy “But as for you, Daniel, conceal these words and seal up the book until the end of time; many will go back and forth, and knowledge will increase” comes in to play here. This generation has seen such an explosion of knowledge and technology it staggers the mind. Within one lifetime, an elderly gentleman can recall the day they strung electricity on wires in front of his house, remember men walking on the moon, communicate with grandchildren on the other side of the world in an instant to…the following:

New Scientist magazine has an article from a few days ago describing a new technology: “Banknotes go electric to outwit counterfeiters
“Modern banknotes contain up to 50 anti-counterfeiting features, but adding electronic circuits programmed to confirm the note’s authenticity is perhaps the ultimate deterrent, and would also help to simplify banknote tracking. …A team of German and Japanese researchers created arrays of thin-film transistors (TFTs) by carefully depositing gold, aluminium oxide and organic molecules directly onto the notes through a patterned mask, building up the TFTs layer by layer. All this is done “without aggressive chemicals or high temperatures, both of which might have damaged the surface of the banknotes”, says team member Ute Zschieschang from the Max Planck Institute for Solid State Research in Stuttgart, Germany. The result is an undamaged banknote containing around 100 organic TFTs, each of which is less than 250 nanometres thick and can be operated with voltages of just 3V. Such small voltages could be transmitted wirelessly by an external reader, such as the kind that communicates with the RFID tags found on many products.. The team’s technique has been tested on US dollars, Swiss francs, Japanese yen and Euro notes. Although the researchers have yet to work out how the organic electronics could be harnessed as an anti-counterfeit measure, the circuits are able to perform simple computing operations.”

RFID is radio frequency identification. So currency will soon have micro-layers of tiny circuits that can track. I do not know what the mark of the beast will be like, whether it will be a tracking device or whether it will be the currency itself. But the technology for advances in currency development combining with tracking are here. Not in the future. HERE. Just in case you are not spooked to your prophetic core yet, here is another article today:

Ceiling lights in Minn. send coded Internet data
“Flickering ceiling lights are usually a nuisance, but in city offices in St. Cloud, they will actually be a pathway to the Internet. The lights will transmit data to specially equipped computers on desks below by flickering faster than the eye can see. Ultimately, the technique could ease wireless congestion by opening up new expressways for short-range communications.”

Inside one generation we went from porcelain covered insulators,

to this:

There is no doubt that we are the generation spoken of in Daniel in which people go to and fro and knowledge has increased. There is no doubt that the scaffolding is being erected that will allow the infrastructure of the building of the one world economy. If we see scaffolding being erected, then the rapture must be even closer.

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Posted in don't touch my junk, end time, mark of the beast, prophecy

The coming oppression (it’s HERE)

“Don’t tase me, bro.” You might remember that colorful and oft-repeated phrase. Wikipedia describes:

“On September 17, 2007, U.S. Senator John Kerry addressed a Constitution Day forum at the University of Florida in Gainesville, which was organized by the ACCENT Speakers Bureau, an agency of the university’s student government. Initially allowed to ask questions after the close of the question period, Andrew Meyer, a 21-year-old fourth-year undergraduate mass communication student, was subsequently removed from the forum by university police. During the struggle to arrest Meyer, one of the officers drive stunned him with a Taser.” Several videos of the episode were then posted on the Internet. The most viewed version of the video, shot by Kyle Mitchell of The Gainesville Sun, has more than 5.1 million views on YouTube as of October 2010.[1] The New Oxford American Dictionary listed “tase/taze” as one of the words of the year for 2007, popularized by the widespread use of the phrase “Don’t tase me, bro!” The Yale Book of Quotations designated the same quote as the most memorable quote of 2007.”

Though there are always sides to take in any one incident, Myers’ arrest did spark a national debate, ignited because of the demonstrably increased use by police of tasers. Tasers are an elecro-shock device designed to override the normal control of muscles. They hurt. Recipients often scream. They immediately render the victim immobile. They are used by police to subdue fleeing, belligerent, or potentially dangerous subjects. Or in theory, at least. Unarmed citizens such as the 86-year-old bedridden grandmother have been tased. Or the 56-year-old mentally ill woman who was tasered for refusing to move. Or Michael Patrick Jacobs Jr., 24, who died after being jolted with a Taser by police when they responded to a call that he was causing a disturbance outside his family’s home on April 18. The first Taser shot was used to deliver 50,000 volts of electricity for 49 seconds, which is substantially longer than the standard five seconds. After the extended shock, Jacobs was shocked a second time for five more seconds.

After incidents like these (and many others) the nation has become increasingly upset at the police aggression, infringement on civil liberties, and brutality. (This is not an indictment of all police officers. Many are good and appropriately protective). A divide between regular citizenry and those in law authority having begun at Kent State…or Civil Rights marches, or at some point at the Revolutionary War…whenever it began, with the advent of tasers, the divide between those in authority with weapons and unarmed citizens widened.

Then came “Don’t touch my junk.”

A recent decision by the hired government agency Transportation Security Administration to fully pat-down all body areas of all fliers (who do not choose to endure a high-radiation naked body scanner, that is) has ignited the firestorm further.

John Tyner, on his way to So. Dakota to visit his father-in-law and do some pheasant hunting,  saw what was going on in the San Diego airport and turned on his cell phone video as he went through security. A supervisor is heard re-explaining the groin check process to Tyner then adding “If you’re not comfortable with that, we can escort you back out and you don’t have to fly today.” Tyner responded “OK, I don’t understand how a sexual assault can be made a condition of my flying.” “This is not considered a sexual assault,” replied the supervisor, calmly. “It would be if you were not the government,” said Tyner. He said, “”You touch my junk and I’m going to have you arrested.”

Full body pat-downs perpetrated by TSA at airports have occurred against a cancer survivor who was told to remove her prosthetic breast. Against a woman with two artificial knees. Against a screaming three-year old who yelled “STOP TOUCHING ME.”

The government’s intrusion on our lives has become intolerable. The government of the people, by the people, and for the people is now against the people. It dips its hands into private areas of our lives with such regularity that we have (almost) become inured to it. It touches our paychecks. It peeps into our streets with video, our workplaces. It spies on our civic lives, our computers, and our child rearing practices. Now it has its hands literally on our bodies. And on our children. The TSA agent responded to Tyner’s conversation thus:

“By buying your ticket you gave up a lot of rights.”

Flying is voluntary. It is not a necessity, it is a privilege and a convenience. I wrote about my own experience with pat-downs here. I opted out of the whole airport-security-government hands on my body thing in 2006. But the very idea that government has its hands ON our body in our private areas is revolting. It is something that many people are simply calling sexual assault.

But you ain’t seen nothing yet.

If you think government is intrusive now, the coming antichrist will be much worse. His global totalitarian regime will strip you of all you need to survive and not only put government’s hands on you, but IN you. On behalf of the antichrist, the False Prophet will “force everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.” (Rev 13:16-17). At the hands of the government, at some center or rehabilitation camp, or ‘re-education facility’, you will have to make the choice on whether to worship the beast (the antichrist) and in so choosing, will display that choice by an embedded mark on or in your body. Some have speculated that it will be a tattoo, or a bar code, or a chip like we actually have now that is embedded in the hand or the chest. In any case, you can take the mark. Or you can be beheaded. The False prophet will “cause all who refused to worship the image to be killed.” (Rev 13:15b; Rev 20:4)

You will have a choice then, but so you have a choice today. You can accept Jesus today. In the case of choosing to accept Jesus as your Savior, the choice is infinitely better than the one in which the False Prophet forces you to worship the Beast. With Jesus you get an eternity of joy, peace, and good and fruitful work for Him. With the Beast you only receive death and an eternity apart from Jesus. But make the choice soon, because time is growing short.

Meanwhile, the government’s oppression of the people is so intrusive, so palpable, so repugnant, that it seems that the Mark may not be far behind. In any case, the prophesied totalitarian regime of the antichrist will come. It will make the days of TSA pat-downs seem like a pleasant picnic.
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"The international monetary system has failed"

The bible shows us that by the time of the first judgments of the tribulation which are the four horsemen, that currency is worth next to nothing for most people. The third horseman is the one carrying the scales in his hand, with the angel saying that a loaf of bread costs a day’s pay.

“When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!”(Rev 6:5-6) I believe that the scales are held aloft to show the relative value of currency and food. The only thing that matters, practically, for our fleshly body is food and water. Without either, one cannot live. Yet the fourth seal judgment is death and one of the ways of death is famine.

“When the Lamb opened the fourth seal, I heard the voice of the fourth living creature say, “Come!”  I looked, and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.” (Rev 6:7-8)

Imagine toiling all day just to buy a loaf of bread to feed your family! Imagine further that your daily toil only earns you a few dollars, or perhaps many dollars but it takes a wheelbarrow full of them to buy that one loaf. Currency is so devalued by the time the first set of judgments come around that it is for all intents and purposes, worthless. But we are told that the currency will be worthless, “Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal.” (Mt 6:19) and “Your wealth has rotted, and moths have eaten your clothes.” (James 5:2)

Wealth is rotting! Worthless! Has no buying power! We’re almost there!

Ireland is failing. A bank run this weekend cost 10 bn. “There was a bank run in Ireland on Wednesday. LCH Clearnet, a London based clearinghouse, surprised the markets by announcing it would increase margin requirements on Irish debt by 15 percent. That’s all it took to send investors fleeing for the exits. Yields on Irish bonds spiked sharply as banks tried to close positions or raise the capital needed to meet the new requirements. The Irish 10-year bond soared to 8.9 percent by day’s end, more than 6 percentage points higher than “risk free” German sovereign debt. The ECB will have to intervene. Ireland is on its way to default.”

French citizens are calling for a bank run. In this google-translated article:
‘French activists call for a Europe-wide and joint account termination on 7 December 2010. “Everyone should get his money from the account.” What does this protest? In France the last few weeks has been enough protest. Since demonstrating in the street have brought us nothing we understand that the real power lies in the hands of international banks and corporations. All citizens of the country resolve your accounts in cash. The activists suggest, one can first put the money in a suitcase or invest it in a social bank.
So far 7000 people have signed up.'”

Greece’s debt load is staggering, more than even previously suspected: “The ratio of deficit to GDP for the country is the highest in the eurozone and the EU as a whole, even though Ireland is in 2010 expected to leapfrog Greece due to the cost of bank rescues. The country’s overall public debt meanwhile amounted to 126.8 percent of GDP, also up from the 115.1 spring estimate from Eurostat.”

In the US, we are not doing so well either. “Regulators Closed Three Banks, Bringing the Total Number of Bank Failures in 2010 to 146“. On Friday, Federal and State regulators closed another three banks, two in Georgia and one in Arizona, as the total number of bank failures this year rise to 146, surpassing 2009 which saw a total of 140 bank failures. The three failed banks had assets totaling $1.0 billlion and are estimated to cost the FDIC a total of $204.4 million.”

There is a currency war going on right now among the top nations of the globe, the Daily Star reported. “Currency now seems to have become a new “weapon” in the arsenals of developed and emerging economies. Earlier it was “tariff,” which was used by different nations to regulate the direction of trade. So now we are witnessing “currency war” instead of “tariff war.” US has been saying for some time now that China needs to revalue it currency. It blames the artificially devalued Yuan as the main cause for its enormous trade surplus and consequent economic growth. US also wanted a concrete timetable to remove trade imbalances and asked trade surplus nations to take steps to reduce their surplus. Economic theory says that when a nation devalues its currency, all other variables remaining constant, its exportable becomes cheaper, which boosts export earning. Alternatively, instead of devaluing, a country can prevent the currency from rising in value. The US Federal Reserve is accused of trying to devalue the dollar to boost exports. China, Brazil, South Africa and Germany stiffly opposed the move and pointed out that the attempt by the US Federal Reserve to inject $600 billion in the US economy will effectively devalue the US dollar. That, they say, will have terrible implications for the world economy. Other countries will also be tempted to devalue their money to protect their industries and exports. In fact it will start a “currency war,” from which no one will gain. The Federal Reserve says it is “quantitative easing” (QE) to spur growth.”

 The Telegraph UK’s article “How the Tea Party is brewing up trouble for the world’s currencies” they wrote something VERY interesting:

“The Seoul summit, with its botched compromises and unresolved differences, has only underlined the problem. It acknowledged that there is a growing tension between nations over their currency policies, but revealed that no one can agree on what to do about it. It stopped short of banning competitive devaluation, or setting limits on current account deficits or surpluses, instead retrenching to tried-and-tested phrases from previous agreements. It isn’t merely that the summit failed to come up with any decent solutions: it failed to diagnose the problem itself properly. The fact that countries are becoming aggressive about currencies is merely a symptom of a far deeper issue: that the international monetary system has failed, and there is no one willing or able to come up with a reconstruction job.”

Yes, the international monetary system has failed. Rev 6 shows us that. It is interesting that the first seal is the antichrist loosed upon the world. The third seal is the devalued currency and worthlessness of its buying power. However, there WILL be one person able, willing, and prophesied to step up to the job: the antichrist. By Revelation 13:15-17 the False Prophet is putting the mark on people, the mark of the Beast, without which no one can buy nor sell. And where power exists of determining who may “buy and sell,” there is absolute control over the wealth of the world.

And we are almost there. If economists are saying that the international monetary system has failed, and is actively looking for someone, anyone, to step up and fix it, you know that the antichrist is about to ride. And before he rides, we are taken off this earth and into the arms of Jesus. Lord, soon come!
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Posted in end time, end time. prophecy, foreclosure fraud, mark of the beast

Foreclosure fraud on massive scale. Will this be the straw that broke the economy’s back?

The topic of banking and finance is important for two reasons. The world is inextricably tied together in terms of banking finance, economics, and trade. What happens to one Fortune 500 company in America will reverberate to China to Iceland to Chile. And secondly, the means by which the antichrist cements his hold on the world will be through the economy, a mark he forces on each person’s hand or forehead that illustrates the person’s allegiance and worship of the antichrist (indwelled by satan Rev 13:3-4), without which no one may buy nor sell (Rev 13:16-17). The economy is crumbling and it is happening faster as the months drag on.

The Dollar trading at 5-month low, and gold and silver are at all-time highs. Not only do Banks keep failing, no end in sight; but  Florida and Washington Hit By Banking Failures – 10% Of All Banks At Risk Of Failure. Goodness! What next? Well…this: massive foreclosure fraud is uncovered and half the states in the nation are ordered to halt foreclosures as of NOW.

Ed note: Breaking, Citi and Wells Fargo are in on it too! And also, today title companies were ordered to cease insuring foreclosed homes, fearing exposure. The situation worsens…

I rarely re-post entire blog entries from others, but the folks at Zero Hedge and Global Research did such a great job of condensing issue that I feel that their synopsis gets the point across. I feel in my bones this foreclosure fraud uncovered represents the next level of pain to an unbelieving world. In Oct 2008 we experienced the first sustained and visible level of painful warning, with the economic crash of the banking system. Now it appears the foundation is further crumbling, as massive foreclosure fraud is uncovered and large banks halt foreclosures across the country in uncomprehending numbers. This may not only grind the banking system to a halt but also will no doubt fuel the anger most Americans are feeling and expressing either appropriately (thru the Tea Party and civic activism) or inappropriately (through violence and robberies). Is it possible for the populace to get any angrier? Yes, this may well be the straw that breaks the camel’s back. Rep Grayson’s video is clear and devastating. I recommend watching the 7 minute video. You will be hearing a LOT more about this issue in the coming weeks, and his video you receive the grounding for understanding that will be necessary to perceive the impact of this issue in a biblical point of view in the end times. Some selected quotes from Rep Grayson’s explanation of the foreclosure fraud crisis:

“On a widespread and probably pervasive basis they (banks) did not take the steps necessary to own the note…  which means that in 45 out of 50 states they lack the legal right to foreclose. Every trust now has questionable legal standing for foreclosures in the overwhelming majority of states…services are basically guessing that they have the right to foreclose…
“Obviously the banks do not want to grapple with the consequences of trillions of dollars of securitized mortgages having no legal standing…”

If this isn’t the last straw, it surely would be the nearly last straw. What else could be coming upon this old sinful world before we are raptured??? I cannot even comprehend. The LORD is amazing. And I fear Him in an awestruck way…

Below is Truth-Out’s reposting of the Zero Hedge and Global Research’s work.

Shock Therapy for Wall Street: JPMorgan Suspends 56,000 Foreclosures
GMAC and BOA Many More
Saturday 02 October 2010, by: Ellen Brown
“Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them to work out deals that are to the benefit of everybody.” –Economist Karl E. Case, quoted in the New York Times

The hits are coming fast and furiously. It appears major Wall Street mortgage lenders could again be in serious trouble – and looking again for handouts.

On September 20th, Ally Financial Inc., which owns GMAC Mortgage, the nation’s 4th largest lender, halted evictions and the resale of repossessed homes in 23 states. This was after a document processor for the company admitted that he had signed off on 10,000 pieces of foreclosure paperwork a month without reading them. The 23 states were all those where foreclosures must be approved by a court, including New York, New Jersey, Connecticut, Florida and Illinois.

On September 24th, Representatives Alan Grayson (D-FL), Barney Frank (D- MA) and Corrine Brown (D-FL) directed a letter to Fannie Mae questioning its use of “foreclosure mills,” which were described as “law firms representing lenders that specialize in speeding up the foreclose process, often without regard to process, substance or legal propriety.” The letter followed a report by the Florida attorney general’s office in August that it was investigating three law firms that had allegedly fabricated documents in thousands of cases to obtain final judgments of foreclosure.

On September 24, California attorney general Jerry Brown asked GMAC to halt foreclosures in his state until the lender could prove it was complying with a law that prohibits lenders from taking steps to foreclose a home before making an effort to work with the borrower. California is a non-judicial foreclosure state, meaning foreclosures do not require the prior approval of a court.

On September 28, JPMorgan Chase said it was halting 56,000 foreclosures because some of its employees might have improperly prepared the necessary documents. All of the suspensions were in the 23 states where foreclosures require court approval.

On September 29, the Washington Post reported that a top federal bank regulator had directed seven of the nation’s largest lenders to review their foreclosure processes, after learning about widespread mishandling of homeowner evictions. Besides JPMorgan Chase, they included Bank of America, Citibank, HSBC, PNC Bank, U.S. Bank and Wells Fargo. The Washington Post noted:

“The paperwork problems range from potentially forged documents to bank employees who never read borrowers’ files before signing off on an eviction. . . .”While we don’t expect our review to find that consumers were harmed, we will take appropriate action if we find any impact,” JP Morgan spokesman Tom Kelly said.”

No harm perhaps except the illegal taking of thousands of homes without due process . . . .

On September 30, Rep. Alan Grayson posted a devastating seven-minute video, in which he gave four real-world examples of such travesties of justice, including a man who was foreclosed on when he didn’t have a mortgage and paid cash for the home; a home that had two foreclosure suits against it because both servicers claimed ownership of the title; and a couple foreclosed on over a contested $75 late fee.

Grayson blamed the massive foreclosure problems largely on the electronic shortcut called MERS. “The banks simply digitized mortgage titles into a privatized system, called the Mortgage Electronic Registry System (or MERS),” he said. “And it did the transfers by trading Excel spreadsheets among the banks and trusts, rather than endorsing the notes as required by their own contracts, by state real estate law and by IRS rules.” He stated that 60 million properties are recorded in the name of MERS — 60% of the mortgages in the USA, and 97% of the loans made between 2005 and 2008.

On October 1, Bank of America announced that it was delaying foreclosures in 23 states.

The same day, Connecticut Attorney General Richard Blumenthal took the radical step of putting a halt to all foreclosures from all banks in his state.

A Box Even Houdini Couldn’t Escape?

All of this is a major headache for the banks, but according to the New York Times, “The companies say they are reviewing their procedures to take care of any violations.” They seem to think they can correct the problem by redoing some paperwork. But if the holdings in recent court decisions are upheld, it will not be just a question of hiring extra staff to clean up some files. For all those mortgages filed in the name of MERS, say these courts, the chain of title has been irretrievably broken. Humpty Dumpty has had a great fall and cannot be put back together again.

MERS is simply an electronic data base. On its website and in assorted court pleadings, it declares that it owns nothing. It was set up that way intentionally so that it would be “bankruptcy-remote,” something required by the credit rating agencies in order to turn the mortgages passing through it into highly rated securities that could be sold to investors. MERS not only has no assets; it has no employees. The thousands of people enlisted to sign affidavits on its behalf are merely conduits. The arrangement satisfied the ratings agencies, but it has not satisfied the courts. Increasingly, judges are holding that if MERS owns nothing, it cannot foreclose, and it cannot convey title by assignment so that the trustee for the investors can foreclose. MERS breaks the chain of title so that no one has standing to foreclose. The homes are effectively owned free and clear.

That does not mean the homeowners don’t owe money to someone. They do. But the claim for relief is not in “law” (by virtue of an enforceable contract or rule) but in “equity” (a remedy provided just because it is fair), and MERS is not the proper plaintiff. Every MERS case involves a securitization, which means the real parties in interest are a group of investors somewhere; and before the homeowners can be made to pay, the investors have to come forward and prove not only that they are the parties owed the money, but the actual sums they are owed. In some cases they might already have been paid; for example, by insurers on credit default swaps held by the investment pool. The investors are entitled to recover in equity only so much as they are actually out of pocket, not the full amount of the original promissory notes, since they were not parties to those notes and there is no way to re-establish the chain of title.

What About the Non-judicial Foreclosure States?

Foreclosures have been suspended by JPMorgan, GMAC and BOA in 23 states, but what about the rest? The others are non-judicial foreclosure states, which means they allow foreclosure through a power of sale clause in a deed of trust without going to court. The presumption is that if the lender doesn’t have to prove his standing to sue before a judge, he can proceed. State laws in non-judicial states allow the sale of a property to satisfy a foreclosure as long as the trustee follows the regulations concerning notice. That would seem to violate Constitutional due process, but the United States Constitution has held that due process protections apply only when the government is involved in the taking of property. When a deed of trust and promissory note are executed between two private parties (homeowners and lenders), there is no automatic due process protection. The homeowners agreed to it in writing; case closed.

But here’s the catch: what if the lender signing the original documents is not the party foreclosing on the property? Then it becomes a question of fact whether the foreclosing party has authority to proceed, and that makes it a judicial issue – a question of fact for the courts. If the foreclosing party can show a clear chain of title – an assignment or progression of assignments from the original lender to himself – he is home free. But courts have increasingly been holding that MERS breaks the chain of title. Foreclosure expert Neil Garfield argues that even in non-judicial foreclosure states, that means the investors have to go to court to prove their case. And when they do, they will run up against the brick wall of MERS. He concludes:

“There will be a head-slapping moment when title carriers, attorneys, judges and administrative agencies and clerks suddenly realize that the monster created on Wall Street has its equivalent in the public records of counties across the nation. I doubt if more than 6-7% of all the foreclosures in the past 10 years have resulted in clear title delivered to anyone. And the only corrective instrument can come from the original owner. That homeowner is sitting in the catbird seat and doesn’t know it. Millions of people who THINK they have lost their homes still own them and if anyone wants a signature from those people to clear title, they are going to be required to pay dearly, which is at it should be. Eventually the purse gets returned to the victim from whom it was snatched.”


To Subsidize or Nationalize?

Where does that leave JPMorgan, GMAC, Bank of America, and the other major lenders? Investors have massive claims against these banks, and so do homeowners. A major title insurance company has already said it will not insure title to properties foreclosed upon by GMAC until further notice. Moody’s has placed the servicer ratings of GMAC and JPMorgan Chase on review for possible downgrade, and the Treasury is asking regulators for an investigation. [emphasis mine]

Investment adviser Christopher Whalen thinks we could soon be looking at more Wall Street bankruptcies. If so, hopefully we won’t fall into the trap this time of underwriting the losses while letting the banks keep the profits. If we the people are picking up the tab, we should insist on owning the banks.
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Folks, this is going to be an interesting week.