Posted on 11/27/2009 7:47:24 PM PST by Sharondownunderinnz
Dubai...a Harbinger of Financial Armageddon? Martin Banner
11/27/09
We have been warning of the coming economic collapse and the ramifications to follow, which will be food riots, chaos in the cities world wide leading to rioting, looting and bringing on a climate that will require declarations of martial law to try and quell that chaos, for some time now. This economic chaos, coupled with higher prices for food and lower harvest yields world wide, will set the scene for the four horseman of the book of revelations to ride and bring us into the time of the great tribulation period prophesied in God's Holy Word, right before the return of our Lord and Savior Jesus Christ.
Is the default of Dubai a harbinger of greater economic upheaval to come and a sign that these things are at the door?
The world is on the verge of economic chaos and God is going to bring the nations into judgment before the great and terrible day of the Lord. God in His mercy, many times sends us warnings to get our attention, for us to repent and prepare for the evil that is to come. I believe that the default of the nation of Dubai, is just such a warning. The alarms are going off...are you hearing them?
Do you realize that we are about to see resets on many altA mortgages in the next couple of months and that this has the potential to repeat the many defaults on loans we saw back in 2008 and could bring another great correction much like we saw in the fall of 2008? With a new round of resets with the potential to bring a second wave of mortgage defaults as large or larger than we saw from 2007-2009 in the near future and our economy already suffering from the first wave of foreclosures, are we now receiving a harbinger of a coming economic nightmare?
With the whole global economy in a giant recession, that at times has looked like the collapse of the great depression and global exports down to levels matching the great depression, with unemployment figures rivaling those of the collapse of 1929, we now see a country defaulting on its debt while the media is proclaiming that we are in a great recovery.
Are we in an economic recovery, or are we about to see the second leg down like we saw in the great depression of 1929? I believe that we are about to see the second leg down like in 1929, and that Dubai defaulting on its debt is a harbinger or warning of things to come.
It is my belief that we will see a domino effect of other nations defaulting, which coupled with the second wave of foreclosures brought on by the resets of the AltA mortgages, will trigger an economic tsunami that will bring down the entire financial system in the next few years. This could occur even much quicker if some other countries that are in similar financial distress as Dubai, follow suit. Here is a short list of countries to watch over the next few months for a domino effect of national defaults: UK, Ireland, Argentina, Spain, Turkey or Japan.
If any of these other six countries goes default in the next couple of months, you need to take extreme measures to protect your finances, as it will be a sign that a financial domino chain reaction has gone into effect as nations begin to go bankrupt, leading to potential severe repercussions in the financial markets.
What is God saying in these circumstances? What is the church to do in this hour?
It is time to seek the Lord and pray and get the mind of God on what to do with your finances, as they could all be lost in the financial storms that lie just on the horizon if you do not get God's mind and will and move upon it immediately, to protect you and your family from the financial destruction that is on the way.
May God give you ears to hear and eyes to see!
Martin Banner
You can visit our web site at: www.PerilousTimes.com
We have now been shown many of the key prophetic events of this century and we are sending out these prophetic words on this newsletter called Perilous Times. We were shown the great Tsunami in a dream 6 months before it occurred: http://www.periloustimes.com/index.html?prophecytabs=2#bmTop
We were also shown a dream about the Raising of the Titanic and restoration to the UK: http://www.periloustimes.com/index.html?prophecytabs=1#bmTop
We also prophesied this current economic collapse and the coming WWIII in a prophecy sent out in 2005: http://www.periloustimes.com/index.html?prophecytabs=3#bmTop
We are now living in Perilous Times and we have been given a mandate to take this prophetic word to the nations and we are now doing that. We have as many as 1,000 visitors a day coming on the web site from over 130 nations and our ministry is growing rapidly with many open doors including international radio, shortwave, satellite and internet streaming and podcasting. Would you pray about helping us to reach a dying world for Christ and to wake up a sleeping Church?
Remember in everything you say and do, to let the love of God shine through, and beloved, keep your eyes on the eastern skies!
Maranatha! Come quickly Lord Jesus!
Martin Banner
How about the more prosaic “Dubai overspent”?
Money is symbolic. A roof over your head is real.
Still, with a continual flow of cool dry air up from Antarctica, droughts in the Southern Hemisphere will continue, and grain prices should go through the roof more than once over the next few decades.
Uhh, the warm, moist air is blowing over Antarctica bringing much needed moisture to increase the size of the icecap which then flows out over the ocean.
This is one of those "oscillation" things!
Money is symbolic. A roof over your head is real.
Still, with a continual flow of cool dry air up from Antarctica, droughts in the Southern Hemisphere will continue, and grain prices should go through the roof more than once over the next few decades.
Uhh, the warm, moist air is blowing over Antarctica bringing much needed moisture to increase the size of the icecap which then flows out over the ocean.
This is one of those "oscillation" things!
harbinger, schmarbinger.
http://www.housingmarketnews.net/images/resets.jpg
"Investopedia explains Option Adjustable-Rate Mortgage - Option ARM
"Since many option ARMs offer a low teaser rate, many mortgagors unknowingly refinance their present mortgage in hopes of making lower payments. Unfortunately, once these short-term teaser rates expire, the rates of interest are returned back to those similar to conventional mortgages.
Furthermore, for those unlucky mortgagors that elected to make minimum payments, they will find that the principal owed on their mortgage has actually increased. This is because the value of minimum payments did not entirely cover the mortgage's interest. The uncovered interest would then be added to the mortgage's principal."
http://www.investopedia.com/terms/o/option_ARM.asp
It's gonna be ugly.
The way the US Gov is going, they will probably offer another massive bailout of these defaulters, putting us deeper in debt and making them beholden to the Gov. If we haven't imploded by then.
About the food problems
http://www.marketskeptics.com/2009/11/stage-1-of-dollas-collapse-pressure.html
I forget, is this a political discussion forum, or a place to post apocalyptic “prophecies” from some dude with a website?
End Times, End Times, I just can’t get away from those End Times. In the 60’s it was the End Times, but didn’t happen. Then in the 70’s it was the End Times again (with Nostradamus added for good measure!), but somehow we made it to the 80’s and, sure enough—End Times! featuring Gorbachev and his birthmark. Then we partied like it was 1999 because the End Times were coming again, well not quite, but never fear, it’s always the End Times somewhere and some peoples’ job is to help you find the End Times no matter what decade or year!
Oh, and happy 2012!
Bawney Fwank is going to introduce "Rent to Own" legislation for defaulters.
Since Obama owns the mortgage industry through Fannie and Freddie, he can set the terms.
Home ownership is going to become a right of citizenship.
Courts are already voiding mortgage contracts.
yitbos
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