I don't have a clue how a computer works. I just turn it on and point and click and I am able to do what I need to do, unless of course something goes wrong, or in the worst case scenario if my little machine experiences the dreaded blue-screen crash, then I am really in a mess. That is the way the financial system is for most people. We go to work and get our pay. We dont have to know how the system works. We put money in the bank, and write checks, and use credit cards, and ATM cards, or cash, to take care of business and support our families and ourselves. We don't have to worry about how the system functions. We just use it, like we are presently using a computer and Internet system. But, what happens if the system experiences a crash? Well, there's nothing we can do about it is about all anyone can say.
The global financial system is an extremely complex integrated network of various components made up of national institutions, corporations large and small, banking networks, and stock markets, giant hedge funds, numerous currencies that float in their relative value towards each other, and derivatives, hundreds of trillions of dollars worth of derivatives. And then there are the Dollars, and Loonies, Yen, and Euros of everyone who has a bank account or 401K or retirement account. All together it makes up a system of things that virtually everyone on the planet is dependent upon to some degree, either directly or indirectly. That means that the continued viability of the system is a matter of life and death.
The United States is unquestionably the greatest nation that has ever existed, and few people could ever imagine that the present system, anchored by the Anglo-American dual world power, is in any imminent danger of collapse. Anyone who even makes such a suggestion has always been branded as a lunatic doom and gloomer and has instantly made themselves the object of derision and ridicule. But all that is changing. In recent weeks, and the last few days in particular, a creeping fear is starting to settle upon some that the system may not be invulnerable after all. In the last two weeks alone the United States stock market has lost more money than the entire economy of France produces in a whole year. A trillion and half-dollars simply vaporized. In the last two years over 7 trillion dollars of market capitalization has been erased. At each phase of the breakdown the "experts" have always said that it was just a bump in the road that prosperity would return, soon, very soon. Where have we heard that before? Even now with the financial markets on the verge of a full-blown panic, the majority of voices are urging people to stick with the program, that everything is going to be okay. And no doubt most people have been so conditioned by the constant barrage of lies that they will remain oblivious up until the moment that the system disintegrates. But, thats what we have come to.
The Bible contains an historical account of the collapse of the Egyptian system of things in the days of Joseph, when a famine brought the nation to its knees. Over the course of the famine every Egyptian was eventually forced to liquidate their possessions to buy food from Pharaoh in order to stay alive. Incidentally, Egypt was the first in a continuous succession of powers that make up the 7-headed beast that remains to the present moment. But, the point is that everyone is dependent on the system, and that Jehovah brought that ancient Egyptian system into judgment on more than one occasion.
They say money makes the world go around, so that would mean that the world is going to come to a standstill when money fails, as it is in the process of doing. Apparently that is what it is going to take for Jehovah to get everyones attention. Just like God brought the first world power to heel, he is about to force the issue with the last one real soon now.
Heres an excellent article that explains a bit about how the global financial system works. It was written about 5 years ago.
http://aidc.org.za/archives/gl_financial_crisis.htmlHeres an essay by my favorite lunatic doom and gloomer, Doug Machintosh. http://www.gold-eagle.com/gold_digest_02/mcintosh072202.html
Doug Noland's Credit Bubble Bulletin this week may be of interest to some. He pretty much verifies that the system is going to blow, soon, very soon. http://www.prudentbear.com/archive_comm_article.asp?category=Credit+Bubble+Bulletin&content_idx=13702
/ You Know
Edited by - You Know on 21 July 2002 1:26:0