Friday, October 10, 2008

Berlusconi Says Leaders May Close World's Markets

Curt Here....

Sorry for my absence, but it is very nice to be back posting on this blog. I wish I had better news to be talking about, but sadly I don't.

If you have at all been paying attention then you realize that the global financial world is in complete chaos. Governments from across the globe have been trying for several weeks now to halt the world wide stock sell off. Nothing has worked as we slowly but surely creep towards financial disaster.

The newest idea that seems to be breaking this morning is a complete and total shut down of all world markets as the global powers that be rewrite the rules of the international financial world. This is about the scariest idea that I have heard yet, and without a doubt has extreme prophetic implications.

You see, I have often wondered, how do we get to the point in human history where people willingly accept the Mark of the Beast and then turn around and worship the beast as if he is god. I understand some of the new age groups out there that have been waiting for this "savior" to appear on the world scene, but I could never understand how "normal" people get to that point. I know a lot of people that are not at all religious, and have no interest in religion of any kind. What makes these people take the Mark and worship the AC? After watching the current financial mess unfold, I think I have found the answer and I believe it is fear. Fear is what is going to drive these end times and the AC will appear to have an answer to all these fears. I think this current economic situation sheds light on where the world is heading.

The good news for us believers is that we should not have fear, but hope. Christ is our hope and because of His work on the cross for our sins, we will soon be with Him. This is good news and should not scare us but excite us.

Yes, it is going to get very bumpy and soon there will come a day when we will be forced to decide who's side we are on, but do not lose heart because Jesus is coming soon. So keep looking up and keep your eye on the prize.

Stay tuned.


Berlusconi Says Leaders May Close World's Markets (Update1)
By Steve Scherer

Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''

``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''

The Dow Jones Industrial Average fell as much 8.1 percent in early trading and pared most of those losses after Berlusconi's remarks. The Dow was down 0.5 percent to 8540.52 at 10:10 in New York.

Group of Seven finance ministers and central bankers are meeting in Washington today, and will stay in town for the International Monetary Fund and World Bank meetings this weekend. European Union leaders may gather in Paris on Oct. 12, three days before a scheduled summit in Brussels, Berlusconi said today, while Group of Eight leaders may hold a meeting on the crisis ``in coming days,'' he said.

Berlusconi didn't give any details about what kind of rules leaders were looking to change, except to say that leaders are ``talking about a new Bretton Woods.''

The Bretton Woods Agreements were adopted to rebuild the international economic system after World War II in a hotel in Bretton Woods, New Hampshire. The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold. The IMF was set up later to help manage the international financial system.


the70thweek said...

Mike here,

Yep things are heating up. Can any of us deny that these current market conditions haven't created some type of fear in us?

In our local paper today the article I read took a proposed resolution even further. Governments taking at least partial ownership of banks. And the article clearly points out that it isn't just the US, but several other key countries have already agreed to do that.

You see that answers more of a functional question regarding the Mark of the Beast and how it is mandated to buy and sell. If the collective governments of the industrialized world own the banks it becomes much easier to institute a policy including the need of the mark without even bringing it to a vote or through a candidate being elected in our democracy.

If this doesn't have believers attention yet, we need to pray for discernment.

Lastly, I'm absolutely amazed at how quickly this is happening. Unlike previous events of historical magnitude politics, world finances, and even wars seem to be on an amazingly fast timeline in comparison to what we have seen even in recent history.

I agree that now more than ever is a time to rally around the fundamentals of our faith and hope in Christ. We are saved, we know how this comes out in the end.

Keep on shinning!

the70thweek said...

Curt Here,

You have some really good points here Mike.

I find it interesting that in America when the government buys into a bank they call it partial ownership, but in Europe they call it what it really is and that is the nationalization of banks.

One thing is for sure, all of these government implemented financial policies is a slippery slope to Socalism.

the70thweek said...

Good observation.

I'm glad you are getting on board with seeing all of this as communist banking! Welcome to the party of "Banks should be privately held buisnesses!"

I'm not a historian but do we have evidence of a government that ran it's banks and had long term success?

Well, now we have taken a turn from our original focus. The long term spiritual implications are far more reaching than how you and I feel about socialism vs free market places.

It is all for a reason.... May Christ be glorified.


David Wozney said...

Instituting the mark-of-the-beast system could come after the “not ... a dollar of coin or currency in circulation” scenario envisioned by Robert Hemphill, Credit Manager of the “Federal” Reserve Bank of Atlanta, who stated:

“If all the bank loans were paid no one would have a bank deposit and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.”.