Friday, June 19, 2015
Pope Francis on Thursday called for a radical transformation of politics, economics and individual lifestyles to confront environmental degradation and climate change, as his much-awaited papal encyclical blended a biting critique of consumerism and irresponsible development with a plea for swift and unified global action. The vision that Francis outlined in the 184-page encyclical is sweeping in ambition and scope: He described a relentless exploitation and destruction of the environment, for which he blamed apathy, the reckless pursuit of profits, excessive faith in technology and political shortsightedness. His most stinging rebuke is a broad economic and political critique of profit-seeking and the undue influence of technology on society…
Credit to Skywatchtv.com
As Greece plunges even deeper into economic chaos, Greek Prime Minister Alexis Tsipras says that his government is prepared to respond to the demands of the EU and the IMF with “the great no” and that his party will accept responsibility for whatever consequences follow. Despite years of intervention from the rest of Europe, Greece is a bigger economic mess today than ever. Greek GDP has shrunk by 26 percent since 2008, the national debt to GDP ratio in Greece is up to a staggering 175 percent, and the unemployment rate is up above 25 percent. Greek stocks are crashing and Greek bond yields are shooting into the stratosphere. Meanwhile, the banking system is essentially on life support at this point. 400 million euros were pulled out of Greek banks on Monday alone. No matter what happens in the coming days, many believe that it is now only a matter of time before capital controls like we saw in Cyprus are imposed.
Over the past several months, there have been endless high level meetings over in Europe regarding this Greek crisis, but none of them have fixed anything. And even Jeroen Dijsselbloem admits that the odds of anything being accomplished during the meeting of eurozone finance ministers on Thursday is “very small”…
Some officials believe Thursday’s meeting of eurozone finance ministers will be perhaps the last chance to stop Greece sliding into default and towards leaving the euro.However the president of the so-called Eurogroup, Jeroen Dijsselbloem, said the chance of an accord was “very small”.
And it is certainly not just Dijsselbloem that feels this way. At this point pretty much everyone is resigned to the fact that there is not going to be a deal any time soon. The following comes from Reuters…
“People are getting anxious on both sides. Athens expects Brussels to move. And Brussels expects Athens to move. And it’s stuck,” said a senior EU diplomat, who declined to be named.“It’s very dangerous, and we may have an accident.”
EU officials insist that it is Greece that needs to back down, but the Greeks have no intention of backing down. Just consider the words of Greek Prime Minister Alexis Tsipras. He says that he is not afraid to deliver “the great no” to the rest of Europe…
Greek Prime Minister Alexis Tsipras said he’s ready to assume responsibility for the consequences of rejecting an unfair deal with creditors.In a sign that he’s being taken at his word, officials from the Netherlands, Portugal and Germany said they were bracing for a breakdown in talks that could roil the currency bloc.With a viable solution “the Greek government recently elected by the Greek people will bear the cost of carrying through,” Tsipras told reporters in Athens on Wednesday. Without one, “we will assume the responsibility to say ‘the great no’ to a continuation of the catastrophic policies.”
To me, that sounds like a man that is not going to back down. And to call it “the great no” is not an exaggeration at all. I think that he realizes that this “great no” will unleash financial chaos all over Europe.
For Greece, the consequences would likely be catastrophic. At least that is what the Bank of Greece thinks…
Failure to reach an agreement would, on the contrary, mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country’s exit from the euro area and – most likely – from the European Union. A manageable debt crisis, as the one that we are currently addressing with the help of our partners, would snowball into an uncontrollable crisis, with great risks for the banking system and financial stability. An exit from the euro would only compound the already adverse environment, as the ensuing acute exchange rate crisis would send inflation soaring.All this would imply deep recession, a dramatic decline in income levels, an exponential rise in unemployment and a collapse of all that the Greek economy has achieved over the years of its EU, and especially its euro area, membership. From its position as a core member of Europe, Greece would see itself relegated to the rank of a poor country in the European South.
And no matter how confident the Germans appear to be right now, the truth is that a Greek debt default would be a complete and total nightmare for the rest of Europe as well. The euro would drop like a rock, stocks would crash all over Europe and bond yields would go crazy. And that is just for starters.
So we desperately need to see a deal. But with each passing day that seems less and less likely.
In fact, a Greek parliament committee on public debt just released a new report containing their preliminary findings. This report is not legally binding, but it does show the mood of the Greek parliament, and what this report says is absolutely stunning. It concluded that the Greek government is under absolutely no obligation to repay its debts. Just check out the following excerpt from the report…
All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious.
In other words, what this report is saying is that the Greek government should neverpay back any of this debt. That certainly is not going to sit well with the officials from the EU and the IMF.
And what happens if other financially troubled nations in the eurozone decide that their debts are “illegal” and “odious” as well?
Globally, there are more than 76 trillion dollars worth of bonds floating around out there, and the yields on those bonds are based on the assumption that they will always be paid off. If nations such as Greece start defaulting, that will throw the entire global financial system into a state of tremendous chaos.
Of course the Greek financial system is already in a state of tremendous chaos. At this point, many believe that it is just a matter of time before capital controls are imposed. This is something that I have warned about in the past. The following description of what capital controls in Greece may look like comes from Bloomberg…
No one knows the specifics for Greece, but here’s what happened in Cyprus: ATM withdrawals were capped at 300 euros a person per day. Transfers of more than 5,000 euros abroad were subject to approval by a special committee. Companies needed documents for each payment order, with approvals for over 200,000 euros determined by available liquidity. Parents couldn’t send children that were studying abroad more than 5,000 euros a quarter. Cypriots traveling abroad could carry no more than 1,000 euros with them. Termination of fixed-term deposits was prohibited, while payments with credit and debit cards were capped at 5,000 euros. Checks couldn’t be cashed.
Since most Greeks do not want to have their money trapped in the banks, they have been pulling out cash and hiding it at home at a record breaking pace. This is precisely what we would expect to see when a nation is on the verge of total financial collapse…
“Everybody’s doing it,” said Joanna Christofosaki, in front of a Eurobank cash dispenser in the leafy Athens neighbourhood of Kolonaki. “Our friends have all done it. Nobody wants their money to be worthless tomorrow. Nobody wants to be unable to get at it.”A researcher in the archaeology department at the Academy of Athens, Christofosaki said she knew plenty of people who had “€10,000 somewhere at home” and plenty of others who chose to keep their stash at the office. Was she among them? “If I was, I certainly wouldn’t tell you.”
As I wrote about yesterday, I believe that this is the beginning of the next great European financial crisis.
Eventually, it will spread all over the planet.
Unfortunately, even though global debt levels have never been higher and the signs of the coming financial implosion are all around us, most people have been lulled into a false sense of security.
Most people just assume that everything is going to turn out okay somehow.
The second half of this year is going to be much different from the first half, but most people will not be convinced until everything starts completely falling apart.
By then, it may be far too late to do anything about it.
Credit to Economic Collapse
More dark clouds on the horizon......
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Take Shelter Movie Poster (2011)
I would share an experience I had yesterday and this morning that I have perceived to be of prophetic significance. I mentioned previously that I recently acquired a riding mower to keep the lawn cut as a knee injury is hindering me from being able to use the push mower. The second time I used the riding mower to cut the grass, one of the drive belts broke. It appeared to be a cheap polyester belt, so I ordered a better quality belt with Kevlar to replace it. The belt arrived yesterday afternoon. After installing it I immediately began mowing the large yard here, and along the sides of the lengthy driveway.
I had completed about 3/4ths of the mowing when it began to rain. It has been very hot here in Georgia this week, with the temperatures reaching near 100, along with our famous Southern humidity. This tends to cause thunderstorms to develop in the afternoons and evenings. They can be severe at times. When it began to rain, I parked the mower under an outdoor canopy that I also use as a shelter for my recumbent trike. I then came inside, bringing Champ with me as he does not like bad weather and whines whenever he hears thunder.
What began as a light rain quickly picked up in intensity. It soon became a deluge with frequent lightning and thunder. Such storms often pass over quickly, but this one persisted for about an hour. The sun was setting, but before it got too dark I noted that the entire driveway was under water and their were ponds forming throughout the yard. It was completely dark when the storm ended, so I did not go back outside, and I let Champ stay inside with me.
About 1:30 A.M. I awakened and noticed Champ was up. I thought he may need to go outside, so I got up, strapped on my LED headlamp which I use as a flashlight, and took Champ outside and leashed him on his runner. I looked around and noticed that the canopy next to my bus had collapsed. It was 13 months old, having been purchased new in May of last year. I have had a number of canopies from various manufacturers, as they typically last only a couple years. This one was more expensive than some I had purchased in the past, and had excellent reviews. It seemed well constructed to me, but I had noticed lately that the fabric was becoming worn. The collapse was caused by the center roof support breaking through the fabric, punching a hole in the canopy. This resulted in the canopy filling up with water which caused the whole thing to fall in.
Image of the Model of Canopy that Collapsed
Although it was the wee hours of the morning, I decided I would get online and see if I could find a replacement, looking for something of better quality than this one. I had a sense that I should not wait, but to get a replacement ordered right away. The manufacturer (Undercover) is well regarded, but this was one of their entry level products sold mainly to consumers. They also had professional and commercial grade canopies available, but they retail for considerably more money. I was able to find a demo model of the professional grade 10x10 canopy on Ebay for a significant discount (more than 40% off). I ordered the canopy, noting especially that it uses 600 denier fabric as opposed to the 300 denier fabric of the previous one. This much more sturdy fabric should hold up better to the elements.
This morning, I went outside and took apart the old canopy to make room for the new one when it arrives. I was praying and asking the Father to show me if there was some significance to this event. When I came back inside I received three confirmation e-mails from the company regarding my order. My attention was drawn to the address of the company as well as the website address.
The street address is “5 Mourning Dove Lane.” The Mourning Dove is so named because of its plaintive call. It makes a mournful sound, rather than the bright chirrup of many birds. The dove is also a symbol of the Holy Spirit and has a distinct association with the flood of Noah’s day. Yahweh used the symbol of a dove with an olive branch in its beak as a sign affirming to me that I was to purchase the bus which I have converted to a motorhome. He used the same symbol around the same time to indicate to a brother in Christ whom I was close to that he was to purchase a used motorhome to serve as an ark in coming days. That this is a “Mourning Dove” speaks of a time of mourning and sorrow to come.
The website for sales for the Undercover company is www.getundercover.com. This is a clever advertising slogan “Get Undercover,” but it also speaks the message to “Get Under Cover.” This phrase is commonly used as a warning for people to seek shelter when they see a storm, or some other type of threat approaching.
The message I have gleaned from this experience is that the shelter that serves well in normal circumstances will be insufficient in the days ahead. A storm is coming, and this will require greater measures to withstand it. Although I am not needing a canopy for professional or commercial use, it will require something industrial grade to stand up to the deluge that is coming. To me, this speaks to both our spiritual and physical preparation for the days ahead. We cannot continue with business as usual and expect to weather the storms that are coming. We don’t need normal preparations. We need extraordinary preparation. I also sensed a message of a need to speed up preparations as I was only about 3/4ths of the way done cutting the grass when the rain began. The Lord has given me personal tasks to complete which I am making progress on, but I sense He is saying that the pace needs to be quickened or I will not be done before the storms arrive.
If you have not fully surrendered your life to go anywhere Yahweh says to go, and to do anything He asks you to do; if you have not embraced the cost of discipleship, confessing your willingness to accept whatever life experiences Yahshua chooses for you, you will find that you are spiritually unprepared for the things which are coming. Your only sure shelter is to be found as you walk a surrendered life to the guidance of the Holy Spirit. It is time to Get Under Cover. As you come under the cover of the Spirit of Christ, He will reveal to you what physical preparations you need to make.
Sadly, I am hearing from a number of people who have spurned the instructions of God. Some have responded in unbelief to the counsel of God. They are deluding themselves as they assume that life will continue on as normal, for America is too strong, too well established, to fall into political disarray, social anarchy, and economic collapse. Others hesitate as did Lot when the angels warned him to flee quickly for God was about to destroy Sodom and Gomorrah. That man lost all he had in this world aside from his two daughters due to tarrying too long in the gates of Sodom. Others are responding with murmuring and discontentment to the counsel of Yahweh and what He is instructing them to do. They are like the Israelites in the wilderness. They complain about every difficulty, every trial, while their hearts are looking back to Egypt and the material things it has to offer. Others are slumbering, oblivious to the gathering storm clouds on the horizon.
Into the Storm - Released 8/8/2014
No matter what the reason, those who fail to respond with a whole heart, and quick obedience, to the leading of the Spirit of Christ, will suffer much in coming days for their lack of spiritual and physical preparation.
I am reminded of a statement made by Carter Conlon, pastor of Times Square Church, in the video I provided a link to in a recent post. He said, you can know that judgment is at the door when the prophets of Baal are all forecasting that blessing and prosperity are coming. This morning, a brother in Christ (thank you Lyle) sent me a link to a “prophetic” message posted to the Elijah List. Never has a website been more falsely named than the Elijah List. These are the prophets of Baal masquerading as Elijah. It was Elijah that confronted the prophets of Baal at Mount Carmel, calling down fire from heaven. The prophets of Baal were slaughtered at the command of Elijah, but in this day the prophets of Baal have convinced themselves that they serve the God of Elijah and speak for the god of Elijah.
Hear then what the prophets of Baal are saying about American Pharoah winning the Triple Crown, and know that judgment is at the door. I will provide excerpts as the writing is somewhat lengthy. You can view the entire post, along with a myriad of advertisements for Christian merchandise, typical of the prophets of Baal, at the link following.
"Triple Crown Winner American Pharoah? Is This Good or Bad?"
Johnny Enlow, Santa Clarita, CA
A couple weeks ago, a significant sports event took place at the Belmont Stakes as American Pharoah became the first horse in 37 years to win the triple crown of racing. His jockey was Victor Espinoza who wore a number 5 as he finally accomplished what had not been accomplished since racehorse Affirmed won the triple crown in 1978. Last year Victor Espinoza won the first two legs of the triple crown (Kentucky Derby, Preakness Stakes) with California Chrome, before falling just short of the rare accomplishment.
I believe that a significant message was being prophesied by this event that will be played out over the next season. I will go through all the relevant names and numbers and they will tell us of that which God will be doing in the coming days and something we can be preparing for.
American Pharoah: America Will Be Stronger
I believe that American Pharoah winning speaks prophetically of a place and role that America is about to more fully step into as it relates to world affairs and the world economy...
I believe that the United States position in world economics is about to be greatly strengthened and that there will also be a corresponding weakening of many other nations' economic positions – with the United States increasingly being in a place of dictating terms of economic rescue for many nations. Significant economic shakings are coming, but they will end up greatly strengthening the United States' position in the world and not weakening it.
The Josephs will be bold as lions during this season and in the midst of much upheaval will greatly prosper. Fearful, self-protectionist, hoarders (the pseudo-Josephs) will increasingly lose their status, their credibility, and even their resources. Make sure you're not one of them. There's a consequence to buying into fear and gloom.
Belmont Stakes: 7 Mountain Renaissance
The word Belmont means "beautiful mountain." The coming ever-changing landscape of world economics and world events, while chaotic at times, will increasingly tend towards the 7 mountains of society (media, economy, government, education, family, celebration arts, religion) being increasingly populated and positively affected by the rising sons and daughters of the King. The "stakes" have been about the mountains of culture properly reflecting the originally, designed image of God that was meant to function in society. We will now see a significant acceleration of change in every area of culture, as great shining ones will arise as never before.
Victor Espinoza and #5: Victorious Grace
Victor Espinoza has won 5 of the 6 races in the last two years that qualify as triple crown races (Kentucky Derby, Preakness Stakes, and Belmont Stakes). His victories last year with California Chrome spoke of a coming shining of California that is only overshadowed by the shining America will do as a world-Pharaoh. His last name Espinoza means "thorny" or "from thorns." His name speaks of the victory that was gained on the Cross by He, Jesus Christ, who wore a crown of thorns...
Rosh Hashanah 2015 and the Archangel of the Mountain of Economy
I've shared for some time that there would be a release of the great angel of the mountain of economy this coming Rosh Hashanah. This timing correlates perfectly with the message to us by American Pharoah winning the Triple Crown. In my aforementioned book, The 7 Mountain Mantle, I spoke of three sequential, prophetic time periods I was shown by the Lord after the Stock Market crashed on Rosh Hashanah 2008, and the Dow Jones dropped a record 777.7 points in one day.
I was shown that the three periods were: awakening, arising, and shining. The first started Rosh Hashanah 2008 as an awakening to our expanded assignment to manifest the Kingdom of God in the 7 mountains of culture. It was a call to see a God Who's big enough to reform nations. The second time period of arising began Rosh Hashanah of 2012, when the age of the restoration of all things started (Acts 3:21). This is when the future Josephs initiated their ascent on the mountains (Isaiah 60:1-3).
The third period of time in the prophetic sequence (the Triple Crown) begins this coming Rosh Hashanah. I was shown that this would be when we shine enough that we actually begin to contend for entire nations.
There you have it brothers and sisters. With American Pharaoh Barack Obama sitting on the throne, we will see America made stronger. When all the rest of the world is shaking, America’s economic might will increase and her economic influence will grow stronger. Those Josephs (I would qualify) who are warning of judgment and tribulation coming to the nations are nothing more than “pseudo-Josephs.” These “will lose their status, their credibility, and even their resources.” (Joseph’s Note: Since Joseph in Genesis warned of seven years of famine to come upon the whole earth, I suppose he was merely a “pseudo-Joseph” as well. A real Joseph would proclaim prosperity and blessing.)
According to this man, this sign of American Pharoah winning the Belmont Stakes signifies that Christians will gain influence and ascendancy over all areas of culture in America and the nations. The darkness will flee before these “shining ones.” Maybe we will even see a return to morality in Hollywood as Californication is replaced with Leave it to Beaver, and the politicians in California roll back their homosexual agenda and reinstate Proposition 8.
All looks rosy going forward. Thus speaks the prophets of Baal. Steve Schultz, the owner of the Elijah List, gives his glowing endorsement of this prophetic word. And right next to his endorsement is a slick advertisement to “SHOP NOW in the ELIJAH LIST STORE.” Does this emphasis on marketing remind you of Elijah, or is this merchandising the telltale sign of the prophets of Baal?
Brothers and sisters, go back to sleep. Return to the comfort of a material life. Rest assured that Christianity is doing well in this hour. Things are improving for the church and the nation. Nothing to worry about here folks. To quote the words of Barack Obama, “the sun will come up tomorrow.” God is smiling down on us from His throne.
I agree with Carter Conlon. When you hear such things being proclaimed by the prophets of Baal, it is time to be concerned.
Credito to Joseph Herrin
On Thursday, nearly 50 Belgian companies were told to disclose their Russian state assets, setting the stage for the seizure of Russian property in connection with the disputed $50 billion Yukos verdict.
In short, Russia was required to submit a plan for a €1.6 billion payment by June 15 pursuant to the 2014 arbitration court decision which found in favor of Yukos shareholders who the ECHR ruled were treated unfairly when Moscow seized the company amid allegations of fraud and other crimes. Russia appealed the ruling and lost.
Because Russia does not look set to comply, Belgium is effectively moving to enforce the ruling itself. Austria and France also moved to freeze Russian assets on Thursday.
It now appears the timing of the asset freezes was designed to stir controversy in St. Petersburg where Russia is hosting an annual business forum (described by some as a “Russian Davos) and where Greece is executing the first stages of the dreaded 'Russian pivot.'
Now, Russia looks set to retaliate, threatening to freeze Belgian, Austrian, and French assets until such a time as the countries’ “illegal” actions are reversed. RT has more:
Moscow will take reciprocal action in response to the seizure of its foreign assets, Foreign Minister Sergey Lavrov has warned.“Our response would be in kind. This is inevitable. This is the only way of acting in international affairs,” he told RBK-TV in an intervew.Lavrov was commenting on the seizure in Belgium and France of Russian state-owned assets. The arrest were made on request of beneficiaries of the now-defunct oil giant Yukos, who were awarded damages from Russia by an arbitration court in The Hague. Russia is in the process of challenging the ruling.The minister added that his priority in this situation now is to unfreeze the accounts of the Russian Embassy in Belgium.The freezing of diplomats' accounts “absolutely goes against the Vienna accords on foreign relations that guarantee the immunity of diplomatic assets, real estate and corresponding things. Belgian foreign ministry officials are indicating to us that they were not aware of it,” Lavrov said. “We don't accept these explanations.”
And here’s FT with the opposing viewpoint...
Tim Osborne, director of GML, the former Yukos holding company, told the Financial Times he was aware of the French and Belgian moves but could not confirm exactly what had been frozen.The assets had been “attached” to GML’s claim to get the Yukos ruling enforced, to ensure they could not be moved abroad before legal hearings expected within the next year.“We still have to convince a legal court [in these countries] that our arbitration award should be recognised as the equivalent of a judgment in their court, so they can enforce it,” he said.“We remain confident that we will win, and that we will collect if not all, then a substantial part, of the award — but it will take time.”Mr Osborne said GML had started similar steps to get the UK and US to recognise the arbitration panel award but other countries had different asset seizure rules.Andrei Belousov, an economic aide to Vladimir Putin, Russian president, told the St Petersburg forum that the country planned to appeal against the award. “We are concerned. We expect a number of countries to take similar measures,” he said.
...and here's a bit more from Bloomberg (note the bit about holding Russian reserves outside of US and EU assets):
Russia is bracing for more foreign asset seizures in a clash over the defunct Yukos Oil Co. after France and Belgium began enforcing a $50 billion damages award.The Permanent Court of Arbitration in The Hague ruled last July that Russia is liable to pay almost half of the $103 billion plus interest sought by GML Ltd., a holding company belonging to four former owners who don’t include Khodorkovsky.Russia’s appeal of the decision may be heard in November, Finance Minister Anton Siluanov told reporters, while Ulyukayev ruled out paying the damages. Lawyers and government agencies are studying the Belgian ruling, Kremlin spokesman Dmitry Peskov told reporters.While the asset freezes are unlikely to affect the Bank of Russia’s international reserves, keeping the cash pile outside of U.S. or EU assets is under consideration, Siluanov said. “No such decision has been taken so far, we believe that we can keep the existing structure for now,” he said.The Yukos plaintiffs are targeting Russian government assets in France and Belgium that aren’t protected by diplomatic immunity in a process that could take years to resolve, GML Director Tim Osborne said by phone from London.“We are not in this for a Pyrrhic victory,” he said. “We haven’t ruled out other jurisdictions, but they will be more difficult” because of local laws on asset seizure.
Given the timing (see above) and given the situation in Ukraine and Moscow's rapidly deteriorating 'relationship' (if you can call it that) with Washington and NATO, one cannot help but wonder if Europe is set to use the Yukos case as yet another tool for applying political pressure to the Kremlin. After all, the stage is already set for stepped up economic sanctions and the EU has filed anti-trust charges against Gazprom (even as the energy giant inked an MOU in St. Petersburg on Thursday to double the capacity of what is effectively a Ukraine bypass line). Needless to say, if GML is successful at convincing the US and/or the UK to enforce the ECHR ruling via similar confiscations, things could get very interesting, very quickly.
Credit to Zero Hedge
Credit to Zero Hedge