| Author | Message | ||
| Larry Registered user Username: Larry Post Number: 648 Registered: 5-2007 |
Just got an sda flavored email, thought I'd post it for entertainment purposes, dissection, exposure. Notice how much fear is involved. ------------------------------------------------- Date: Sunday, November 9, 2008, 12:43 AM I attended the presentation today at the Highland Academy SDA church by Tim Walsh, CEO of epipeline. He reportedly has many years of managing tech companies, and does a lot of work for the US government, and has had numerous security clearances. In fact, he told us he was called into the pentagon recently during the Georgia crisis when Russia invaded. Tim is the husband of Brenda Walsh, who hosts "Kidstime" on 3 ABN. His talk today was entitled, "The Financial Crisis...Is the World trapped?" These are my notes from his talk--it is very sobering. This is what is expected to occur in the next few weeks and months--a great depression. The world wide markets almost collapsed 6 times in the past few months--almost totally evaporated! All the world's debt far exceeds all the assets in the world. There is 1400 trillion dollars of world debt, but only 53 trillion dollars of world GNP (Gross National Product). The stock market has lost 8.3 trillion in past year. The true amount wiped out of 401K's this year is 5 trillion dollars. Alan Greenspan said to lenders to give a lot of credit no matter what. In 2004 they started running out of buyers, so they increased the subprime lending & hedgefunds to keep the economy going. Many bought into this--401K's, pensions, foreign governments. The leverage was 100:1 ($100 debt to $1 asset). In late 2005? things started collapsing, huge losses, $700 trillion dollars. In 2006 governments realized this huge problem and hired experts to try to find a solution, but haven't been able to. Then in 2007 the credit crunch hit--institutions didn't trust each other, were afraid the other institution would go bankrupt & so wouldn't lend to each other. In Aug. 2007 "Northern Rock" ? bank in England went bankrupt. In Feb. 2008 England nationalized banks. This became the biggest crisis for the National Security Council here & abroad. The G-7 countries (The 7 largest economic nations) met. They said we have a crisis. Behr Sterns went bankrupt. Mar. 13, 100's of trillions of leverage w/ Behr Sterns & ----? In Aug. Donald Trump said the banks have no money! Housing & commercial projects are frozen--no money. The Volocity of money (money changing hands) in Nov. 07 was the slowest in history. Congress passed the stimulus check legislation to try to get our economy going. We are now in the world's largest deflationary period in history. Huge decline in values. All leaders in the world of cities, states, countries are all worried whether they will even be around in 6 months. All govenors have now been told not to have any press conferences telling of their dire circumstances. The government has now given 950 billion dollars to cities & states to try to keep them afloat. This is money that was not voted on/approved by us. They have also given billions to General Motors and Goodyear. There are 2000 companies asking for financial help, and saying that they are faced with laying off 40% of their employees. Large commercial companies told by Paulson to come directly to him for help. 250 billion. China called for a new world currency in Aug. 08 when our legislatures delayed on the 750 billion bail-out package, devalueing the dollar. Our economy is still melting down. From 8/08 to 9/22/08 trillions of $ have evaporated... There is virtually no money in the banks. Read 9th volume of the Testimonies, p. 11: "We are living in the time of the end. The fast-fulfilling signs of the times declare that the coming of Christ is near at hand....Great changes are soon to take place in our world, and the final movements will be rapid ones." Many countries' markets are open only 50% of the time to try to keep the markets from falling so low--Russia is one of them. The Russion Mob is going broke. The destruction of demand for products is the largest in the world. World-wide shipping is down 47 1/2 %--almost half of the ships are sitting idle. (And railroads) Tens of thousands of factories in China have been shut down this year. The economists and governments don't see any turn-around. Rev. 18:11 "And the merchants of the earth will weep and mourn over her, for noone buys their merchandise anymore." The G-7 & the G-20 consulted 2 weeks ago, and plan to meet again for a world-wide meeting in November in the U.S. Every leader in the world is frightened to death. This meeting is all about how to do stimulus packages world-wide to stimulate the economy. OUR LIFE AS WE NOW KNOW IT IS OVER. We will have to learn that we can get by on just 4 things--shelter, food, clothing, and a bath. There will be virtually no credit available. The party is over. We have used credit and have been spoiled. We must now live simply. Many will lose their homes. Production by General Motors is down 45%, Volvo trucks down 96%. (25% is beyond depression levels.) The # of people looking for work is 11.8%, this will double. There will be 1930's unemployment levels. Business for restaurants is down 50%, dry cleaners 45%. There were 106,000 people & businesses filing for bankruptcies last month--the highest in history. Paulson said last week that we are now in a deep recession. Mr. Walsh said we are going into a depression, and estimates the stock market will drop 4000 points. There will be a lot of collective anger in our country and in the world. 9Testimonies p. 13: "Those who hold the reins of government are not able to solve the problem of moral corruption, poverty, pauperism, and increasing crime. THEY ARE STRUGGLING IN VAIN TO PLACE BUSINESS OPERATIONS ON A MORE SECURE BASIS." This depression is expected to last 10-15 years. He suggests you put your 401K's into safe treasury bills, money market accounts, CD's. He suggests to read the book by Jim Rogers, who on 10/10/08 said we are headed for a "massive inflation holocaust". There has been a big decline in the value of the dollar, and the government is now printing lots of dollars. There will be a scarcity of agricultural commodities--FOOD! There will be a scarcity of many things--if you need a replacement for the engine of your snow blower, you might not get it, etc. Read Rev. 10:8-10 and study the 2520 year prophecy which our pioneers taught. (He showed a copy of their early 1844 poster). There will be a major shortage of food. There will be martial law. If this happens in the city where you are, stay safe where you are... Don't try to get home to your family for 2-3 days when things are calmer. You may be killed if you get near a mob. Have each family member prepared to stay safe where they are for 2-3 days. He believes there will be rationing and then they will dictate where you can spend your money. Be calm, study the prophecies with others, and when unbelievers see your calmness (because you know how this ends) they will come to you for guidance. Matthew 24: 12, 13, 14 A 10,000 foot financial tidal wave is coming. Read Daniel 11:40, 41, 43; and Rev. 13:17, 18. This is where we are. Another 7-9 million people are expected to lose their homes. 30 million homes are now worth less than what the owners owe. You need to be thinking as a family of a plan as to how you will survive. Sept 9, 2008 the Pope issued a statement calling for Sunday worship. Read CW 41 p.1. We are to be students of prophecy. He believes we are near the 4th angel of Revelation. Read Prov. 28:19 and Prov. 3:9,10.. Matthew 24. | ||
| Martinc Registered user Username: Martinc Post Number: 67 Registered: 9-2006 |
Just what we need: panic and paranoia. It would be difficult to verify all his "facts," the faithful are to take him at his word. Of course, he has a religious obligation to read apocalypse into every piece of bad news, regardless of how many failures of prediction Adventists have stacked up over the years. World War I, the Great Depression, World War II, Kennedy's election, all these events were to usher in the end. There is no doubt, as Christians, we can expect Jesus' Matthew 24 prophecies to come true any time, and in his time only. How about instead calling for a simple trust in the God of history, and to stay sane and responsible? I know, few ever built a career with that message. | ||
| Larry Registered user Username: Larry Post Number: 651 Registered: 5-2007 |
I agree with you 100% Martin! | ||
| Akweavers Registered user Username: Akweavers Post Number: 65 Registered: 8-2008 |
You know what? I think SDA use doom and disaster to stay on some type of emotional, anxiety "high" The same way they say the Pentecostals use speaking in tongues for an emotional high. | ||
| Larry Registered user Username: Larry Post Number: 657 Registered: 5-2007 |
AKWeavers, you think 1844 was not fraught with anxiety? When you read egw and realize she thought nobody could be saved, that had to include herself, as she thought she was "getting ready" for the 1844 second coming. She HAD to wonder if she was acceptable for heaven, as that is what she engenders in all her followers. This spiritual legacy is what adventism inherits. So we see all the fear and anxiety emails that various sda's forward to all the friends on the email lists. | ||
| Akweavers Registered user Username: Akweavers Post Number: 68 Registered: 8-2008 |
They are addicted to it..IMHO I remember getting soooo tired of having to worry and be scared. Then I just started ignoring it all. So, it's a two-edged sword. You can keep people giving you all their money and in fear. You can also burn them out emotionally to where nothing effects them. Then again, you can help create dangerous offshoot groups..which we know has happened. | ||
| Pegg Registered user Username: Pegg Post Number: 58 Registered: 2-2006 |
Here's what has never added up in this picture for me... ...If SDAs believe the world is coming to an end, they should be dancing in the streets! Why are they coaching each other about transfering their 401Ks to Treasurey notes if the world is about to end? Why Are They Moaning The Blues??? Pegg  | ||
| Akweavers Registered user Username: Akweavers Post Number: 69 Registered: 8-2008 |
Pegg: Probably because they can never be sure they are saved. They are scared to face the doom that is their's from not reaching perfection. Maybe that is also why they have all those lawyers trying to keep church and state seperate...longer they hold it off...longer they will have to avoid facing their judgment. | ||
| Pegg Registered user Username: Pegg Post Number: 59 Registered: 2-2006 |
That's exactly it, Ak! I well remember the insecurity. It was almost unbearable. Still, even in the thick of it, I knew SOMETHING was wrong with the picture if we were so fearful for the Lord to come. This is the reason I believe that Assurance is the soft underbelly of SDA. -->I don't think it's the Sabbath -->Or IJ -->Or tithe -->Or dietary laws. -->It's not Ellen -->Or earrings -->Or the state of the dead. The answer for our SDA families and friends is Jesus! It's about His blood for my sins, His righteous in place of my rags. Once one finally tastes the Living Water, Once he finds Assurance in Jesus Christ, He will never give it up. For The Scriptures Declare, ‘Rivers Of Living Water Will Flow From His Heart.’” John 7:38. Hallelujah! Pegg  | ||
| Lrcrabtree Registered user Username: Lrcrabtree Post Number: 65 Registered: 1-2007  |
I'm convinced! First thing tomorrow I'm going to Big 5 to buy all the 9mm ammo they have in stock. | ||
| Joyfulheart Registered user Username: Joyfulheart Post Number: 349 Registered: 10-2006 |
Pegg and AK, I so agree. It's a lack of assurance. That - and all the truth that is mixed with error. The truth is that our banking system is in a mess. Our economy IS in a serious place and Jesus IS coming soon. The truth is that some of what Ellen said might happen just because. The Bible does say things will get bad just before Jesus comes. The difference as I see it is that my faith is strong. I've read the end of the story and am on the winning side! I am resting in the loving arms of Jesus. I know in whom I have believed. Ultimately, whatever happens I win. That other stuff just doesn't scare me anymore. I no longer care if anyone wants to hasten my spirit's return to Jesus. It's fine with me! I can't wait! My greatest concern is for those without an intimate walk with Jesus. How I pray that they will turn to Jesus alone and be saved! | ||
| Martinc Registered user Username: Martinc Post Number: 68 Registered: 9-2006 |
So true, Pegg and AK, that is the crux of it, pun intended. Once we have tasted of the living water and know we belong to Him forever, there is no going back. As for the excitement of the fearful expectation of judgment, there is also the excitement of seeing all those garish pictures become reality, lots of fireworks and all. We can pray for all those SDAs who belong to Christ will find assurance and trust. | ||
| Surfy Registered user Username: Surfy Post Number: 421 Registered: 11-2007 |
I'm convinced! First thing tomorrow I'm going to Big 5 to buy all the 9mm ammo they have in stock. by Larry ____________________________________________ Don't do that as there is an ammo log that you will have to fill out and it will leave a paper trail. They will come and get you. Same thing with the increase in gun sales recently. Everyone has to fill out a form 4473. It just makes it easier for them to find you when they crack down. Haven't you seen Red Dawn? Surfy | ||
| Larry Registered user Username: Larry Post Number: 665 Registered: 5-2007 |
Surfy, I have purchased no new ammo as of late, aside from my varmit loads (months ago) for tree rats. I don't plan on buying any soon, but at the same time I am not throwing the ammo I do have into the dumpster! We should not be so fearful and frightened that we think we will have to defend ourselves against a new president! God is huge and he made Jonah, Saul (Paul) and Balaam do things they did not plan on. He can make Obama do things Obama does not want to! | ||
| Colleentinker Registered user Username: Colleentinker Post Number: 8992 Registered: 12-2003  |
I agree; the biggest difference between now and my life as an SDA (when faced with the unknown future) is the lack of fear. God has already proven that He keeps His promises. The world's events are in His hands, at any rate! Nothing surprises Him. With God, there is no "Plan B". I believe that God brings us, again and again, to places in our lives where we can't depend upon anything but Him. At those times He cares for us in ways we can't foresee or explain "on paper". But He is completely faithful, and we are secure!! Colleen | ||
| Surfy Registered user Username: Surfy Post Number: 423 Registered: 11-2007 |
Luke 22:36 He (Jesus) said to them, "But now if you have a purse, take it, and also a bag; and if you don't have a sword, sell your cloak and buy one." NIV I don't think a garage full of weapons will do much good when the time comes but according to the above text, there may be a mandate for self protection. Feel free to give your thoughts or move this if it is hijacking the original thread. Surfy | ||
| Flyinglady Registered user Username: Flyinglady Post Number: 5995 Registered: 3-2004  |
Hebrews 13:5 tells us that God will never leave us or forsake us. Diana L |
