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David L Lamon | May 27, 2010
5/27/2010
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David L Lamon
Key Verse: Matthew 24:43 But know this, that if the goodman of the house had known in what watch the thief would come, he would have watched, and would not have suffered his house to be broken up.
The Answer: 2 Timothy 4:2 Preach the word; be instant in season, out of season; reprove, rebuke, exhort with all longsuffering and doctrine.
Note: Prior Planning Prevents Poor Performance
The collapse of the world’s economy is marching on as per the Bilderbeger, CFR, Tri-lateral Commission, Club of Rome planned dictatorship over the world. I chose this particular article below because of it’s to the point concise layout. It says what many other sources are also saying but in easier to understand language. The bottom line is the globalist are about to realize their dream of controlling every aspect of yours and my life soon if we don’t rise up and tell them we aren’t going to continue in the global government’s scheme. Yes, it will mean much suffering but it comes down to would you rather be “po and proud’ or “po and dominated” completely to include controlling your behavior if they find it offensive. In other words, free to make choices or have our every move dictated by an unelected bureaucrat. If you have followed my writings you realize this is all prophesied for the end-time.
This doesn’t mean we take the attitude “oh well, if it is prophesied we can’t do anything about it so, so be it. Shockingly I have heard this said numerous times, which depicts a defeated attitude and the child of God is to victorious. We were not given; Romans 8:15 For ye have not received the spirit of bondage again to fear; but ye have received the Spirit of adoption, whereby we cry, Abba, Father. 2 Timothy 1:7 For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind. Remember 2nd Chronicles 7:14 and take it to heart, it is our only chance if there is one and it is sure God expects his youngins not to take this lying down but to take the bull by the horns just as the early church did. It is time to realize the spoken word of faith or using the power of the bible backed by the spirit of God will overcome anything the enemy sends our way. On the other hand, if we choose to lay down and that means not pay attention or get invoved the following will surely happen. It is a time like no other when all that name that name (Christ) must join in unity and seize hold of the power of God that he paid such a dear price to deliver to us. Matthew 12:28-30 But if I cast out devils by the Spirit of God, then the kingdom of God is come unto you. Or else how can one enter into a strong man’s house, and spoil his goods, except he first bind the strong man? and then he will spoil his house. He that is not with me is against me; and he that gathereth not with me scattereth abroad, hence unity is necessary. Luke 11:21-22 When a strong man armed keepeth his palace, his goods are in peace: But when a stronger than he shall come upon him, and overcome him, he taketh from him all his armor wherein he trusted, and divideth his spoils.
Are We About To Witness The Greatest Banking Consolidation In U.S. History? – www.theeconomiccollapseblog.com
As the number of bank failures in the United States continues to accelerate, many analysts are warning that we could soon see unprecedented changes in the U.S. banking industry. In fact, there are some economists that are warning that we could be about to witness the greatest banking consolidation in U.S. history. As dozens of small and medium size banks have failed, the megabanks have systematically been gobbling up larger and larger slices of market share. In fact, if current trends continue, it doesn’t take much imagination to foresee a future where the entire U.S. banking industry has been consolidated down to between 5 and 10 “superbanks”. So would that be so bad? Well, yes it would. It would represent a massive shift in financial power away from the American people to big, global corporate banks. But if you happen to be a fan of big, global corporate banks perhaps you will really love what is about to happen to the U.S. banking industry.
On Friday, federal regulators seized Pinehurst Bank, which brought the total number of U.S. banks closed this year to 73. At this point in 2009, only 36 banks had failed.
That means that the number of bank failures has doubled compared to the same time period a year ago.
Is that a good trend?
Well, it is a good trend if you are one of the megabanks that is gobbling up the remnants of these banks that were “small enough to fail”.
And the sad thing is that we are likely to see dozens and dozens more small and medium size banks fail in the coming months.
The FDIC recently announced that the number of banks on its “problem list” climbed to 702 at the end of 2009. That is extremely alarming considering the fact that only 552 banks were on the problem list at the end of September 2009 and only 252 banks that were on the problem list at the end of 2008.
In fact, the FDIC is expecting so many banks to fail that they are opening up new offices just to handle all the expected failures. The FDIC has opened a massive 100,000 square foot satellite office near Chicago that will house up to 500 temporary staffers and contractors to manage receiverships and liquidate assets from what they are expecting will be a gigantic wave of failed Midwest banks. Not only that, but the FDIC has also opened similar offices in Irvine, California and Jacksonville, Florida.
But can the FDIC realistically handle all of these bank failures?
No.
The FDIC is backing 8,000 banks that have a total of $13 trillion in assets with a deposit insurance fund that is basically flat broke.
So if the FDIC completely runs out of money, where will all the necessary funds come from?
From U.S. taxpayers of course.
It seems that we are the ultimate bailout machine.
Meanwhile, the biggest U.S. banks are hoarding cash in preparation for hard times. In fact, the biggest banks in the United States cut their collective small business lending balance by another 1 billion dollars in November 2009. That drop was the seventh monthly decline in a row.
The truth is that in 2009, the biggest U.S. banks posted their sharpest decline in lending since 1942.
So what were they doing with their money?
Well, thanks to the Federal Reserve, the megabanks were using the U.S. Treasury carry trade to make huge gobs of cash. In fact, the little game that they are playing with U.S. Treasuries is working so well that four of the biggest U.S. banks (Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup) had a “perfect quarter” with zero days of trading losses during the first quarter of 2010.
The truth is that the game is rigged to benefit the largest financial institutions, and they are slowly but surely gobbling up the entire U.S. banking market.
Back in 2000, the “Big Four” U.S. banks – Citigroup, JPMorgan Chase, Bank of America and Wells Fargo – held approximately 22 percent of all deposits in FDIC-insured institutions. As of June 30th of last year that figure was up to 39 percent.
The Founding Fathers of this country warned us of the danger of big banks getting too much power, but we have not listened to their warnings.
Now we have monolithic global banks that are so immense in size that we seem almost powerless to control them.
In fact, the six biggest banks in the United States (Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo) now possess assets equivalent to 60 percent of America’s gross national product.
And there is every indication that they are only going to get bigger and more dominant – especially if there is a major economic downturn ahead.
Unfortunately, that is what a number of respected economists are forecasting.
For example, Bob Chapman of the International Forecaster recently warned his readers that things could get really, really bad by the end of 2010….
It should interest you to know that my Intel source inside the Fed says absolutely no later than November the banking system should implode. Presently 75% of banks have problems and that the top 5 banks will take over all the others in a general nationalization. There is tremendous fear and uneasiness in the banking world.
Now, let us hope that Bob Chapman’s source is wrong. Certainly the U.S. banking system is in a state of complete and total chaos, but hopefully we can make it into 2011 without a complete implosion of the banking industry.
However, Bob Chapman has been in the industry for decades and he would not have put out a warning like this without good reason. Let us just pray that what this source is warning of does not actually come to pass.
But Bob Chapman is not the only one warning of difficult times ahead.
CNBC recently quoted Brian Kelly, the founder of Kanundrum Capital, as saying that the chances of a global depression breaking out have increased dramatically in recent days….
“Two weeks ago I would give the global depression scenario a one percent chance, but the chances have increased to 10 percent today.”
In fact, world famous economist Nouriel Roubini is absolutely convinced that there is a good deal of economic trouble ahead of us….
“We are still in the middle of this crisis and there is more trouble ahead of us, even if there is a recovery. During the great depression the economy contracted between 1929 and 1933, there was the beginning of a recovery, but then a second recession from 1937 to 1939. If you don’t address the issues, you risk having a double-dip recession and one which is at least as severe as the first one.”
So will the end of 2010 be a very difficult time for the U.S. economy?
Only time will tell.
But what does seem certain is that small and medium size banks will continue to fail in large numbers, and the big dominant banks will continue to gobble up market share.
We are witnessing a dramatic consolidation of the U.S. banking industry, and the only question seems to be how fast it is all going to play out.
Thoughts to Grow On
Prostituting the Gospel Message
Do not depart from the words of my mouth.
Remove your way far from her and do not
go near the door of her house, lest you
give your honor to others and your years
to the cruel one. Lest aliens be filled with
your wealth and your labors go to the
house of a foreigner. And you mourn at
last, when your flesh and your body are
consumed, and say: How I have hated
instruction and my heart despised
correction! I have not obeyed the voice
of my teachers, nor inclined my ear to
those who instructed me! I was on the
verge of total ruin, In the midst of the
assembly and congregation.”
Psalms 34:15-19
The eyes of the Lord are on the righteous,
And His ears are open to their cry.
The face of the Lord is against those who do evil,
To cut off the remembrance of them from the earth.
The righteous cry out, and the Lord hears,
And delivers them out of all their troubles.
The Lord is near to those who have a broken heart,
And saves such as have a contrite spirit.
Many are the afflictions of the righteous,
But the Lord delivers him out of them all.
Proverbs 11:11
By the blessing of the upright the city is exalted,
But it is overthrown by the mouth of the wicked.
Psalm 109:8 says of the wicked who have rewarded evil for good, “Let his days be few; and let another take his office.”
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