Current Events and Links

See also:
Mark of the Beast
New World Order

Federal Reserve May Be `Central Bank of the World' After UBS, Barclays Aid

Dec. 1, 2010 - Disclosures about the borrowers of $3.3 trillion from emergency programs reveal that foreign banks like UBS and Barclays received more help than US banks.

“We’re talking about huge sums of money going to bail out large foreign banks,” said Senator Bernard Sanders... “Has the Federal Reserve become the central bank of the world? I think that is a question that needs to be examined.”

Source: Bloomberg

Paul poised to take on 'atrocious' Fed at head of Financial subcommittee

Dec. 1, 2010 - Texas Congressman Ron Paul, author of a best-selling book that calls for the abolition of the Federal Reserve Board, may become chairman of the Financial Services subcommittee that oversees that organization.

With the power of that pulpit, Paul said he hopes to shine a light on the Fed’s policies, which he has long criticized as opaque and secretive, and make the case that the bank’s monetary policies harm the U.S. economy.

Source:

IMF Article Predicts New World Order

Oct. 6, 2010 - In the current economic turmoil, the International Monetary Fund is apparently striving to become the global financial authority and world bank, and many people believe it is destined to reach this goal in the near future. This analysis is drawn from a major article, Money Is Power: An Inside View of the IMF's Massive Global Influence from yesterday's Der Speigel. That article calls the emerging G20 ("that coalition of the strongest economies, the center of power in a new world,") and the IMF "The New World Order."

Europe, the United States and the United Nations have all become too slow and fragmented to compete with "dashing powers like India and China." (This is interesting, since the IMF, headquartered in Washington D.C., is an arm of the UN.)

There is no hesitancy here. If there was ever a literary coming-out party for elite intentions to create a one-world financial structure, it would seem to us to be this article.

The director of the IMF is Dominique Strauss-Kahn.

Source: The Daily Bell - Switzerland

Money Is Power: An Inside View of the IMF's Massive Global Influence - Der Speigel

Rampant Inflation In 2011? The Monetary Base Is Exploding, Commodity Prices Are Skyrocketing And The Fed Wants To Print Lots More Money

October, 2010

Source: The Economic Collapse

Doomsday warnings of US apocalypse gain ground

Sept. 12, 2010 - A variety of respected analysts are predicting more economic woes for the United States, and some predict an economic melt-down. Boston University professor Laurence Kotlikoff, imagined a doomsday scenario about an economic clash between superpowers the United States and China, which holds more than 843 billion dollars of US Treasury bonds.

"A minor trade dispute between the United States and China could make some people think that other people are going to sell ," he wrote in the IMF's Finance & Development review.

This could result in a massive sell-off of US treasury bonds, which would then force the government to print more money to pay for them, leading to hyper-inflation.

Source: Breitbart

Headlines about current ecconomic trends

Aug. 13, 2010 -

US Debt Clock

Deficit in July Totals $165.04 Billion - Wall Street Journal

The Death of the Dollar - American Thinker

German economy sees 'record' growth of 2.2% - BBC

IMF blueprint for a global currency – yes really

Aug. 4, 2010 - News sources are just now picking up the significance of an April report from the International Monetary Fund (IMF) written by Reza Moghadam, their director of strategy. The report discusses how the IMF sees the International Monetary System evolving after the financial crisis. It will take time to implement, but basically they think that the best way to ensure the stability of the international monetary system (post crisis) is actually by launching a global currency.

Source: The Intel Hub

Reserve Accumulation and International Monetary Stability (pdf) - International Monetary Fund

A Nightmare Scenario: U.S. Debt and China's Power

July 15, 2010 - Chuck Colson sounds the alarm that the massive US debt (130 trillion dollars!), held largely by the Chinese, could lead to an overnight collapse of our economy and a dictatorial take-over of our government!

Source: Chuck Colson - Crosswalk

Debt and Immorality - Video

Kudzu Government - Vital study on this topic

China may switch to currency basket for forex rate - MarketWatch

White House predicts record $1.47 trillion deficit for '10: Government borrows 41 cents of every dollar it now spends - WorldNetDaily

Russia to Help Spur New Economic Order, Medvedev Says

June 19, 2010 - According to Russian President Dmitry Medvedev, Russia will use tax incentives and other free-market economic policies to turn the country into a destination for innovators from around the world.

The government will abolish taxes on capital gains from long-term direct investments starting next year, seeking to lure funds to reduce the economy’s energy dependence and subdue speculative capital, Medvedev said.

Medvedev asked billionaire Viktor Vekselberg, owner of Renova Group, to develop a Russian version of Silicon Valley in the Moscow suburb of Skolkovo. Investors will be enticed by tax breaks and other incentives to spur innovation and production of high-technology products.

Source: Bloomberg Businessweek

Medvedev Pushes Ruble Reserve Currency to Cut Dollar Dominance - Bloomberg Businessweek

From June, 2009 - Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8 - Bloomberg Businessweek

Picture on Drudge Report - Today only

Dow Takes a Harrowing 1,010.14-Point Trip

May 6, 2010 - An apparent mistake by a trader caused the Dow Jones Industrial Average to go into a 1,000-point tailspin.

The Dow eventually rebounded to close down 347.80 points, or 3.2%, at 10520.32, its worst percentage decline since April 2009. Stocks from Dow components Procter & Gamble and 3M suffered precipitous declines. At one point shares of P&G; tumbled 37%.

Source: Wall Street Journal

Fox News Poll: 79% Say U.S. Economy Could Collapse

Mar. 23, 2010 - Following the approval of the Democrats health plan, a new Fox News poll reports that 79 percent of voters think it’s possible the American economy could collapse, including large majorities of Democrats (72 percent), Republicans (84 percent) and independents (80 percent).

Moreover, 78 percent of voters believe the federal government is "larger and more costly" than it has ever been before, and by nearly three-to-one more voters think the national debt (65 percent) is a greater potential threat to the country’s future than terrorism (23 percent).

Source: Fox

Why America Is Not Mentioned In Prophecy - Ron's Blog

Health Care Reform Enacted—Now What? - Christianity Today

Blue Dog Pack Threatens to Bail on Health Care Over Abortion Language

Mar. 4, 2010 - House of Representatives member Bart Stupak and 10 other "Blue Dog" Democrats are upset that Stupak's provision that prohibits the use of federal money to pay for abortions is not in President Obama's health care bill language.

"We're not gonna vote for this bill with that kind of language in there," Stupak said Thursday in an interview on ABC's "Good Morning America."

Source: Fox

Man who broke the Bank of England, George Soros, 'at centre of hedge funds plot to cash in on fall of the euro'

Feb. 27, 2010 - George Soros and other members of a secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro. The euro has been weakened by Greece's debt crisis and financial insecurity in Portugal, Italy, Spain and Ireland.

But, it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds.

Source:Daily Mail - UK

Debit card spending to overtake cash this year

Jan. 20, 2010 - In Europe use of debit cards was up 10 per cent last year.

It means that 77 per cent of its business was now done with debit cards, rather than credit cards, the use of which stalled over the past year.

Visa Europe predicted that debit card spending will overtake cash as a method of payment this year.

Source: Telegraph - UK