World Christian Ministries Association

More Updates on The Fall of Mystery Babylon
January 17, 2012

Mystery Babylon is about to fall...this will set the stage for the "mark of the beast" monetary system. I am not advocating what Equedia is promoting (they promote buying gold & silver as a hedge against this inevitable crash (fall)). Buying gold & silver will not protect you against the "mark of the beast" monetary system when it arrives. I select this article because it poignantly frames up what I have been saying all along. This comes from "carnal" economic gurus, those who watch and study world economics.

Finally, please notice in the map below that OIC countries are the "greenest" (solvent) and those countries that are more closely aligned with Mystery Babylon are the "redist" (nearly bankrupt), more inclined to fall.

The following is an except from Equedia Weekly, an
article written by Ivan Lo:

The world is confused. The world is overleveraged. And the world continues to explode with new supplies of fiat currency. What's next?

I often turn to some of the world's greatest investment minds for their opinion. Earlier this week, I was watching an interview with the world's biggest bond fund manager, Bill Gross. Big bond fund managers are some of the smartest people in the world at predicting and understanding the overall global economic outlook.

What he had to say clearly reiterates what I had mentioned in last week's letter, The Last One Standing:

"We're very worried [about the global economy]. Aside from recent action in risk markets, which has been very good, we think the global economy and the global financial markets are at risk in 2012 due to a number of reasons.

Basically, we're suggesting instead of the normal, bell-shaped curve, we're talking about two fat tails: the one of re-flation, which is what the markets are anticipating at the moment - a significant input of reserves and credit from the central banks - and on the other hand, a significant left fat tail of deflation in which policies promoted by the ECB, the Bank of England and the Fed (through Twist) ultimately don't convince the private market to take the bait and continue to buy risk assets and believe in a thriving economy."
For the past year, and in particular last week, I have mentioned there is nothing the world governments can do to avoid printing money. Given the circumstances, both the ECB and the Fed will do what they have to in terms of expanding base money and providing sovereign credit that ultimately expands the asset bubble - leaving the central banks completely overleveraged.

As a fundamental banking rule, a bank should typically be eight-to-one, or nine-to-one in terms of its leverage. But if you look at the central banks of the world as one individual bank and include the shadow banking system on top of that, the central banks of the world are really 18 to 20 times leveraged, according to Bill Gross.

Anytime the banking system is overleveraged, it adds to deflationary pressures as the banks look to deleverage - the same deflationary pressures that central banks want to avoid. Most people don't understand the central banks' primary concern is not inflation - it is keeping over-leveraged insolvent banks afloat through a period of private sector credit deflation.

The world banks will avoid deflation at almost any cost. The problem is there is no solution to fix our economies instantly as there is nowhere near enough income to service debt at any level. So the central banks will have no choice but to expand asset purchases through QE's and ultimately centralize and sovereign-ize the private banking system.

The new head of the European Central Bank, Mario Draghi, just told us rates will remain low for an extended period - following directly in the footsteps of the Fed's policy of suppressing interest rates for as long as possible. This is just a precursor to more money printing.

The world is confused because it has no idea if we're deflating or inflating.

Nothing Has Changed
Back in February 2011, I wrote in The Shocking Truth that the US ranked 190th in the World in current account balance - dead last in the 190 countries tracked.

The account balance is a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified.

It's been nearly one full year and that number hasn't changed one bit, nor will it anytime soon. The US is still dead last with countries such as Haiti, Kosovo, Uganda, Rwanda, Zimbabwe, and Vietnam all having better balances than the US.

While the account balance has improved for the US and currently sitting at minus $470,200,000,000, China remains the number one spot by improving its numbers to a positive $305,400,000,000. That's a difference of $ 775,600,000,000 - nearly one trillion dollars.

Take a look at this picture that shows a world map of public debt as a percentage of GDP:

Pretty straight forward. The redder the colours, the more public debt to GDP a country has. Notice that Canada, US, Japan, Autralia and the European nations have the highest levels of public debt to GDP.

The whole world is riddled with debt. Every powerhouse country's debt to GDP ratio are exceeding the Rogoff & Reinhart's 90% point of no return (countries with debt beyond 90% simply cannot grow.) including Germany, France, U.K., and the U.S. Japan has already been off the charts for some time, with debt well exceeding 200% of GDP. Keep in mind these figures are just for the official government debt. If countries were required to report their debt like a corporation, their unfunded entitlement promises to future generations are four to six times more than their official government debt.

Most of this debt well never be serviced.

The US is adding $3.7 billion per day to the National Debt, which is equal to more than $1.3 trillion per year and growing. It has already surpassed the 100% to GDP mark. By the time the US has a new president, the National Debt will be over $16.5 trillion.

Want to know why Bernanke and the Fed have decided to keep short term interest rates near zero? Interest on the National Debt in 2011 was an all-time high of $454 billion with an effective interest rate at approximately 3%. However, each percentage increase in rates would cost American taxpayers an additional $150 billion. From 1971 until 2010 the United States' average interest rate was 6.45 percent. If interest rates ever return to the historical average, it would take more than $1 trillion to service the interest on the national debt.

Complete Faith

During this time, the world's debt level and money supply has risen exponentially and this trend is only getting worse as I just mentioned.

As a result, gold has continued its decade long bull run. This won't change because governments around the world won't - I mean can't - change. Anyone who says gold has collapsed back into a bear market is wrong. Gold is merely correcting in a bull market.

Practically every central bank is churning out paper money like there's no tomorrow and using the money to buy up even more gold for their own vaults. That's because gold is real money and the world's only real safe currency. No central bank has ever been able to print gold, except for exchanging their own currency for the metal.

Back in December (see The Eurozone's Banking Secret), I mentioned that gold purchases by the central banks have already been reaping the benefits of exchanging currency for bullion. As an example, Switzerland's central bank said on Oct. 31, 2011 it returned to a profit in the first nine months as gold holdings helped counter losses on currency reserves. This week, the bank announced it had profited 13 billion Swiss francs ($13.8 billion) with 5 billion of it as a result of its gains in gold holdings.

The central banks won't stop printing money. They won't stop buying gold either. So while you are busy saving up cash that they are so mindlessly creating from thin air, they are busy using it to buy gold. Don't be a sucker.

If you think $2000 gold is the mania, you haven't seen nothing yet.

It is Good to Read that Irvin Baxter is Finally Catching On
January 12, 2012

I thought I would never see the day when Irvin Baxter would finally catch on to what is really going on in the world relative to what role Islam will undoubtedly play in end-times.  My father showed me the cover page of his recent magazine (Fall/Winter 2011) and I was delighted to see that he must have been reading my book.  While he still has a lot more catching up to do, he is at least now asking some questions about what role Islam might play in end-times.   

I have always been curious, though, how men are allowed to change their end-time message and not be considered a false prophet if their previous prophecies/theories turns out not being true and are abandoned?  Oh well, time will tell whether or not some of my own scriptural observations will turn out to be accurate.  So far, they are still right on target.  But keep in mind, I am not claiming to be a prophet or a son of a prophet, nor predicting exact dates.  I only observe/suggest "times and seasons" and "in the days" type calculations as presented by Daniel the Prophet and John the Revelator.  My writings are merely observations of what seems to be obvious in holy writ when compared with history and current events.  But the true prophets are those from the past who have already recorded what they heard from YHVH, a long time ago, some prophecies of which have already come to pass, as verified by history.

We Are Getting Closer to the End
December 9, 2011

Equedia published an article that continues to align with what I have been saying for some time.  Do not be "fooled" by what seems to be happening in Europe and America right now or in the near future.  Mystery Babylon will soon fall and Europe, America and China will be caught right in the middle of this great fall.  As John the Revelator warned, believers are beckoned to come out of Babylon BEFORE she falls.  Click on the link below to read the full article.

http://equedia.com/blog/view.php/Whose-Fuse-is-Shorter

More Updates on Mystery Babylon and China
May 1, 2011

As I have been saying for several years now, recent sources are also now confirming that China is expected to surpass the US by 2016 as the number one country by GDP and that it will diversify its massive $3 trillion dollar foreign reserve stockpiles into investment funds designed to invest in precious metals and oil, further transferring their (and indirectly the world's) wealth to the Middle East.

If you combine China's purchasing power with the purchasing power of the retail public, demand for gold, silver and oil will undoubtedly skyrocket even further forcing precious metals and oil prices much higher than where it is today.  Oil has already reached $25/gallon in Norway. So do I think both gold, silver and oil prices are going higher, despite all time highs?  Yes, especially as it relates to the fall of Mystery Babylon and accelerating China's role in end-time prophecy.

The U.S. Dollar is falling and will continue to fall as long as the printing press keeps printing. There is nothing positive being heard or seen about this that says otherwise. The latest US monthly deficit hit $223 billion, the biggest in recorded history. No one is buying US debt - except for the Fed, not even China.  Inflation will eventually rise to new all-time highs.

The following information's original source is The Economic Collapse Blog (I believe).  I think people should find it alarming.

#1 The United States has lost approximately 42,400 factories since 2001.   

#2 Dell Inc., one of America's largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade. 

#3 Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem, North Carolina in November.  Approximately 900 jobs will be lost. 

#4 In 2008, 1.2 billion cellphones were sold worldwide.  So how many of them were manufactured inside the United States?  Zero. 

#5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone. 

#6 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago. 

#7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000. 

#8 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million. 

#9 In 1959, manufacturing represented 28 percent of U.S. economic output.  In 2008, it represented 11.5 percent. 

#10 Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul, Minnesota. Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy. 

#11 As of the end of 2009, less than 12 million Americans worked in manufacturing.  The last time less than 12 million Americans were employed in manufacturing was in 1941. 

#12 In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services. 

#13 The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000. 

#14 In 2001, the United States ranked fourth in the world in per capita broadband Internet use.  Today it ranks 15th. 

#15 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975. 

#16 Printed circuit boards are used in tens of thousands of different products.  Asia now produces 84 percent of them worldwide. 

#17 The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States. 

#18 One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040. 

#19 The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in the 51 years that records have been kept.

It is clear that the world is in unchartered waters.  I believe we are already feeling the effects of inflation.  Producer prices have soared at an annualized rate of 19% as dood prices surged an unbelievable 47% annualized rate - the largest rise since 1974.  And gas prices at the pumps continue to rise. 

While the economy appears to be doing better, what will happen if the Fed's money printing bandaids are no longer around? Stagflation? Hyperinflation?  In other words, the economic picture reveals bleakness for America and that China is on the rise, going well beyond its borders, stalking and buying up the world's resources.  All part of China's role in End-time prophecy.  This further contributes to setting the stage for the fall of Mystery Babylon not too far into the future.

More updates will be added as they become available.

While China claims to tame growth, their ultimate goal is to continue growing. The Chinese have been saying for months that they will slow their progress, yet the numbers tell a different story. There's a reason Chinese Q4 GDP once again shattered expectations.

So despite what Chinese officials say regarding the data, we should look towards their actions rather than their words.

And their actions are speaking very loud.

Chinese companies were behind more takeover deals in Canada than ever before last year, spending more than $5 billion. This

included the largest ever oil sands deal in Canada. That's a 392% increase over the 2007 peak.

There's now hardly a well-known oil sands project in Canada that the Chinese don't have a piece of.

But it's not just Canadian energy the Chinese want. The list of investments into other sectors around the world have been growing

at an exponential rate.

Over the past 5 years, the foreign investments from China into other countries have been staggering. In he past few years,investments into the Energy and Metals sectors have been the largest target.

As a result, compare how the US now ranks 190th in the World in account balance to China.

The account balance is a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified.

China ranks number one with a positive balance of $272,500,000,000. 

The US? Ranked number 190th in the world with a negative balance of $ -561,000,000,000.

Countries such as Haiti, Kosovo, Uganda, Rwanda, Zimbabwe, and Vietnam all have better balances than the US.

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