MASSIVE debts in some countries and extremely low interest rates make the task of avoiding another global financial crisis ''enormous'', a global banking organisation has warned. The international organisation of central banks says the scene is set for a new financial crisis unless Greece and other countries lift interest rates and more rapidly slash debt.
The report says the dangers are "towering debt, global imbalances, extremely low interest rates, unfinished regulatory reform and financial statistics still too weak to illuminate emerging national and international stresses".
No shelter from the economic storm
From inflation-pressured China and other emerging markets to debt-rattled Europe and a consumer-challenged U.S., all signs point to a global slowdown of serious dimensions.
To get a gloomier assessment of American prospects, we need look no further than the darkening crystal ball of David Rosenberg, Gluskin Sheff’s eminent chief prognosticator, who puts the chance of another U.S. recession by the end of next year at 99 per cent.
George Soros says it is 'probably inevitable' a country will leave euro
While he called survival of the European Union a "vital interest to all", he said the EU needed structural changes to halt a process of disintegration.
"Let's face it: we are on the verge of an economic collapse which starts, let's say, in Greece but could easily spread. The financial system remains extremely vulnerable...
"We are on the edge of collapse and that is the time to recognise the need for change."
Some steps the EU could adopt included creating a larger central budget; directing some of the income from value-added tax or a levy on financial transactions to Brussels; having a European institution guarantee banks, and tripling the size of its bailout fund by topping it up with tax revenue, he said.
So Soros calls for more centralization and more tax...Right out of his playbook, predictably.
Interfaith service at Washington National Cathedral promotes religious tolerance
In the center aisle, in place of the baptismal fountain, candle-lit stands bore three books: a Bible, a Torah and a Koran. When a visitor asked a nearby usher what to do, the usher replied: “This is a totally different service than what we usually do. There’s no wrong answer.”
That says it all doesn't it? Perhaps he should read John 14, where Jesus made it clear that there is only one answer.
'Problem in Gaza is arms buildup not humanitarian crisis'
Speaking to Independence faction, Ehud Barak calls flotilla "unnecessary provocation," and says "there is no humanitarian crisis in Gaza," warns that Iran has far-reaching missiles, is "developing abilities to attack."
Palestinians going ahead with UN statehood bid
The Palestinian leadership officially announced Sunday it will turn to the UN for recognition of an independent state in September. The decision was made after a meeting convened by President Mahoud Abbas in his Ramallah headquarters.
The Palestinians also called on the international community to continue investing funds in the PA, which they said is suffering from an acute financial deficit.
Is the 'Peace Process' the Road to War
Last week, President Shimon Peres warned that written peace agreement on Jerusalem will cause a “world war.” Now, leading Kadima Knesset Member and former IDF Chief of Staff Shaul Mofaz says conflict is the fate of a United Nations declaration recognizing the Palestinian Authority as a country.
The prospect of war being an inevitable result of diplomatic moves was underscored by Mofaz, who said that a United Nations declaration of the Palestinian Authority as an independent country based on its own unilateral definition of its borders also would cause a conflict.
"Given the great changes in the region, it is very difficult to predict what will happen. In this situation, an Israeli-Palestinian conflict could lead to a harsh reality
Netanyahu Orders Navy to Interdict Flotilla
Prime Minister Binyamin ordered Israel's defense establishment Monday to interdict the Gaza-bound Freedom Flotilla 2, Voice of Israel radio reported.
Netanahyu gave the order during a meeting of his Security Cabinet dedicated to preparations Israel was taking in advance of the new flotilla expected to set sail for Gaza this week. The Cabinet voted in favor of a Navy plan to prevent the upcoming flotilla from arriving in Gaza and granted the IDF authority to prevent the ships' arrival by any means necessary.
Media Blackout Over Nebraska Nuclear Plant Flooding
As the U.S. populace idles along in relative ignorance over the looming nuclear disaster in Nebraska, we turn our attention, quite naturally, to the agency in this nation that monitors and regulates these deadly energy sources, the Nuclear Regulatory Commission, or NRC.
Of course we count on agencies like this to ensure that people are safe and aware of potential developments, like the Fort Calhoun Nuclear Power Facility that has for some time now, been surrounded by the waters of the overflowing Missouri River.
The river is significantly above safe levels and has been for some time now. The nuclear plant was closed in April.
Major Alaskan Quake
A powerful 7.2-magnitude earthquake shook Alaska's Aleutian Islands late Thursday, triggering a tsunami warning that sent people heading for high ground before the alert was canceled.
Strong quake strikes off Indonesia's Papua island
A 6.4 magnitude earthquake struck off the Indonesian island of Papua on Sunday, the United States Geological Survey said.
Active Week For Ring Of Fire
Earlier this week Irish Weather Online reported that 2011 is on target to record the largest number of earthquakes in a single year for at least 12 years.
Research by Irish Weather Online, using data from the US Geological Survey (USGS), has found that earthquake activity (5.0-9.9 magnitude) from 01 January to 19 June 2011 is already exceeding the total annual seismic activity for the years 2001, 2002 and 2003. 2011’s total number of recorded earthquakes is also expected to exceed the most seismically active year of the past 12 years, 2007.
A total of 1,445 earthquakes, ranging in magnitude from 5.0 to 9.9, have been recorded in the year up to 19 June. The total number of earthquakes recorded globally for the entire of 2007 was 2,270.
...the number of earthquakes ranging 5.0 magnitude to 7.9 magnitude is rising. In particular there has been a sharp rise during the past 12 years of moderate earthquakes in the range 5-6.9.
Whole lotta shakin going on ;)
Scott-if you can find out any more about the Syria/Libya deal I would be pleased! I am sure it is still quite hush hush but with all the movement going on with the military something or someone will have to give!
Once again, thanks for being so diligent! ally
I'm seeing so many different reports regarding Syria-Libya-Turkey that it is hard to sort through....the only consistency seems to be that some kind of war is about to break out -- probably triggered near the syrian-turkey border, but its hard to know who would be aligned with who...the only common denominator seems to be Israel and the shared hatred there...we will see but something seems imminent
Sorry - I meant to say "Syria-Lebanon-Turkey" (I have no idea about Libya).
Scott, I heard on the news yesterday that Israel tore down a huge chunk of the border fence between Israel and the west bank. Is netanyahu cracking under pressure?
Not sure Dylan. I saw an article on that but no explanation was offered as to why. Things are really happening fast right now - hold on to your seats!
Scott and all-I would always like to be 100% sure about something before I speak and usually I am. I have something I am not sure about., time will tell if it is true or not. if it is true, and I don't speak, then I could never live with myself so here it goes....
As we know already, much speculation has occurred as to the whacky weather out west. Many people blame it on something we have in Alaska, and i am going to spell it wrong on purpose, harp. I have now researched a lot, and had been looking at it long before i ever came to this blog, and i believe it to be true. As an article you posted just the other day, about the army corp of engineers, pretty much let on this whole flooding has been done on purpose. So, "they" have been making it rain and snow massively, "they" have held back the water until it was impossible for them to do anything else but flood downstream. Many nuclear power plants are located on these rivers, not just the 2 in nebraska. There has been a levee breach ft calhoun nuclear power plant. It is all over the nebraska news but nowhere else. All the above i believe to be true.
There is a damn, very large, called the Gavin Point Dam and it is very stressed right now. It is developing cracks and may burst. This i believe is true also. Now for the unknown part. Supposedly, info has leaked out from a dam employee, who is freaking out because he is horrified at what he has seen. The damn has been rigged with explosives that will detonate a part of the dam only (so it won't be so obvious to all of us) if the naturally occuring cracks don't do the trick. They have given the damn until the 6th or 7th of July to burst, if it has not by then, they will blow it.This of course could be all bull manure. I know not. But some of the plans "they" have made to destroy us, when exposed to the light of day, have had no fruitition. (ie. the contaminated baxter flu vaccine) This is why i must put it out there for two reasons One is so my brothers and sisters in Christ may have preperation time in order to save their lives. The other is to possibly raise awareness so their plan is exposed and cannot take place. I am hoping it is just a lie, but the harp rings off the coast of northern california are quite noticeable, which mean lots more rain for the areas that absolutely don't need it. As a northern california dweller for many years, I can assure you, it does not ever rain between may and sept. ever! that is the dry season and it does not rain. not one drop. And they have been getting
continually slammed this summer over and over, usually one day after the rings have been seen. I find this highly unusual.
Please forgive me if i am out of place to post this. I would be devestated if i did not post and this came to pass.
Also, oddly interstate 70 is closed in st louis due to a sewer pipe collapse, yet there is no water or sewage observeable. I know they are having storms now, but the news footage i saw was pre storm and the pavement was bone dry. The road was sunken in and the pavement was torn, much like an earthquake had occurred.
I believe (and brethren, I hope and hope and hope) that he is at the door QUICKLY! I can only imagine the next few birth pains. And i don't want too even think about it. But think or not, they are coming, and coming strong. It is time for me to retreat from the world and spend every moment in prayer and praise that I possibly can squeeze into a day. Thank you Jesus for you! ally
Thanks for that. A few short years ago, I would have read the above n complete disbelief, but these days nothing surprises me. I have no way of knowing of this is true or not, but the gov't had admitted that there is a harp program in existence, and its capabilities remain a mystery....I also know that the current regime will not want to step away from power in '12 and nothing would surprise me in terms of what could be done between now and the next election. We'll all keep an eye on the midwest between now and the end of the summer to see what goes down...We have to remember, the closer we get to the Tribulation, the stranger and more bizarre things will get.
Thanks Scott-I never want to overstep my bounds on here or cause a panic, but I would be devastated if anyone was injured or died because I didn't speak out.
I have a feeling that it is going to get very strange (maybe all those years following the Grateful Dead has given me massive experience with weirdness lol)But I have no doubt that there is great evil at work in our nation currently. Many cannot believe or do not want to believe that is possible, but sadly, it is true :( I think sometimes you know much more than you let on, but are kind and gentle and don't want to scare or overload any believer. I'm sure doc no fog has a pretty good idea also. I can never fully explain how wonderful it was to find your site. Truly I was led by the hs.
There are many more things I would like to discuss, but I am hoping we will be gone before they take place. One is the deliberate ruse which the Bible speaks about, the lie that is sent that the unsaved will swallow hook, line and sinker.
The bible says even the elect could be and some would be fooled. I have some ideas and won't state them but brother, it has to be a hell of a deception!(play on words hehehe) I think 7/7 and 9/11 of this year should be very interesting as they are both quite significant dates to the power elite and 9/11 is some weird sort of sacrifice day for them. Also 7/7 is an alignment with elenin date too.
I concentrate on Jesus, but I am not ignorant of the attacks of Satan. He has really been baiting me lately, and frankly he has hit me upside the head with a 2x4 enough times that I try to watch out for him. Lots of time you can see him coming if you keep your eyes peeled. Til we meet again-either here or at the wedding-ally
Amen sister, amen
Ally, I understand your concerns and agree completely. The things we are accepting as possible today...even documented...would be the wildest outpost of conspiracy theory just a few short years ago.
These are the times and they've come upon us like a 2 x Twice up side the noggin. Our own PTB is our biggest domestic enemy. At least for me, it just defies words and takes a while to accept.
At least here....we keep saying that things are so bad now, nothing can shock us.....yet before the day is out we get rocked again to our vibrating toenails.
Thank you for that information. I have to wonder what is worse sitting back and knowing something and not doing something about it or standing up or being ridiculed, possibly called crazy (not referring to you - but in general I am sure most Christians have felt this way these days)all the while trying to do the will of God for his people.
Not playing the blame game but we all have to take some responsibility for the elect we put there. Maybe in the beginning we thought they would serve us good. Maybe we thought there was hope. Maybe in some twisted manner we thought their views lined up with ours. This is all part of human nature. Amazing how God knew all along that we were not as knowledgeable as we thought in every aspect of life. One wrong move from many at one time creates a devastating effect over time.
Having said all that, I think it shows great character to stand up for what is not right in these last days. You have come here in love. You have delivered the message for non-selfish or hurtful reasons. I support what you are trying to tell many at this time. I wish there was some way that things could have been turned around. Whatever happened to "We the People"...? It's not like that anymore. It's we the little people run by monsters. God knows your heart and I think all is well for you dear sister in these last days.
Hang in there!
Thanks so much! Your love and prayers keep me going with strong faith. Knowing what is going on is so helpful, though frequently heartbreaking, these days. Paul was right about our encouraging one another. I always feel like I am bumming everyone out and I don't want to be negative at all. It is just amazing how clearly we were given the exact signs by Jesus and Daniel and John etc. It is like following a treasure map to the X but having to go through snake pits and big waves and all sorts of obstacles. But what a treasure, the Pearl of Great Price! Every time I post I wonder, will this be the last....ally
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