Arrival of The Kingdom of God

The arrival of the Kingdom of God is a literal event that will take place in the very near future of humanity, and it will forever alter reality as we know it. It is an event that will be preceded by the mass arrival of extraterrestrial beings biblically referred to as Angels, and when Jesus Christ returns. It is mentioned numerous times in both the Old and New Testament Bible, and is in fact the very purpose and foundation upon which the Bible is based. It is the end of mankind's sojourn in this sorrowful realm of birth and death, and the elevation to eternal life. 

The Bible is a prophetic vision of empires, and nations, that lead up to the arrival of the Kingdom of God, and is a chronology of empires, symbolically represented, spanning the entire history of humanity. It describes the development of eight major empires, and ten smaller kingdoms, that precede the arrival of the Kingdom of God, the final Kingdom that will reign upon the Earth. The first seven empires are represented by the seven heads of the First Beast of Revelation 13. These seven empires have already come and gone. They were the Babylonian, Media Persian, Assyrian, Egyptian, Grecian, Roman and British Empires. The eighth empire is represented by the Second Beast of Revelation 13, and is the United States of America. 

The Ten Kingdoms that the Bible foretold would arise during a time of the arrival of the Kingdom of God have already been formed, and remain in existence today. No, they are not member states of the European Union, a common misconception by most. This theory is based upon the mistaken notion that the Ten Kingdoms arise from an area of the old Roman Empire. Actually, the Ten Kingdoms are in the area of the ancient Seleucid Empire, as foretold by Daniel , and now exist within eight nations located in the Middle East.

The ten kingdoms are.......Syria, Lebanon, Saudi Arabia, Jordan, Turkey, Iran, Egypt, (Basrah, Baghdad and Mosul) = Iraq. The Ten Kingdoms were formed as monarchies, after the defeat of the Ottoman Islamic Empire by the British Empire during World War I. Basrah, Baghdad, and Mosul were later combined to form the nation of Iraq, the little horn that uproots three, just as Daniel had foretold. The British Empire is the forth beast of Daniel and not the Roman Empire as is popularly believed, and it is diverse from all the rest insomuch as it was the first truly global empire. There was a time when the sun never set on the British Empire. 

By 1921 the British Empire held sway over a population of about 458 million people, approximately one-quarter of the world's population. It covered about 14.2 million square miles, about a quarter of the Earth's total land area. This certainly qualifies the British Empire as the forth beast of Daniel, and makes it very diverse from all the rest. The ten horns of Daniel arising from the forth beast are in fact the formation of ten Middle East monarchies, as mentioned previously above, by the British Empire after it gained control of The Middle East During World War One, following the defeat of the - Ottoman Islamic Empire, in conjunction with treaties involving France, and under the guidance from the League of Nations. 

The Ten Horns of Daniel are also the Ten Horns and Crowns mentioned within the Book of Revelation, and come into existence during a period of the seventh empire, represented by the seventh head of the First Beast of Revelation 13, and remain in existence during a subsequent period of the eighth empire that is represented by the Second Beast of Revelation 13. The reason why the eighth empire is not within the body of the first beast is because it exists in a completely different geographical location, and on an entirely different continent, and is therefore represented as The Second beast of Revelation 13. It is the North American Continent to be more exact, and the United States is the eighth and last great empire before the arrival of the Kingdom of God.

But wait, there is still more. Woven within the prophecy of the eight empires and the Ten Kingdoms is another prophecy about a demonic manipulation of world events. The Bible explains that Alexander the Great, the first king of the Grecian Empire, was empowered by what is described as the dragon, and the beast that ascends from the bottomless pit, a demon of war and conquest - See First Beast of Revelation 13. This is evidenced by the historical feats of Alexander, one of history's greatest conquerors, who forged the Grecian Empire. Alexander was a man whom legend and history describe as having almost miraculous power in his ability to conquer and make war, and of whom it is said wept because there were no more worlds to be conquered. 

With the sudden death of Alexander at a very young age, the Grecian Empire was divided into four smaller kingdoms, which wounded the beast from the pit, insomuch as it's plans for world domination were stopped. The beast from the pit rises again however during the reign of an eighth empire. His deadly wound is healed insomuch as the beast from the pit commences it's original plans for war, conquest, and world domination, by empowering another man who rules over the eighth empire. Here we have the basis of the so called Anti-christ, another popular misnomer, because he is actually never referred to as Anti-christ in the Bible, but as the Beast. This means of course that because the United States is the eighth empire represented by the Second Beast of Revelation 13, that the Beast must then be a ruler or President of the United States. 

There are a number of biblical prerequisites for the position of the Beast in this scenario. He must be the most powerful man in the world, and rule a great world empire. He must be preoccupied with war, military might, and empire building. He must be the ruler of Iraq, the eyes of the little horn that uproots three as described by Daniel. All of these prerequisites now exist within the definitive confines of the President of the United States. The President of the United States is the most powerful man on Earth, and rules over a great global military and economic empire. He is commander and chief of the greatest military machine in history. He is preoccupied with war and military might by virtue of the war on terrorism, and his power base that demands he protect, and expand the American Empire. He is the ruler of Iraq by virtue of conquest and military occupation.

The biblical prerequisites for the eighth and final empire represented by the Second Beast of Revelation 13, are that it must be the most powerful nation on Earth, dazzling the world with it's greatness, and a warlike nation that masquerades as peaceful, horns like and lamb but speaks like a dragon, and it's government must be based upon the Grecian concepts of democracy and the democratic republic, which is the image of the beast, or an image of the Grecian Empire. It's monetary and financial system must be dominant worldwide, insomuch as nobody on the earth can buy or sell without the use of it's money, or financial system, the mark of the beast. It must go about forcing other nations of the world to remake themselves in it's own image - See Second Beast of Revelation 13.

All of the above prerequisites are met within the definitive confines of the United States of America. It is the most powerful nation on Earth, both militarily and financially. Although appearing peaceful on it's exterior, the United States it is very warlike, with a history of many wars, and current wars waged on a global scale, and a military budget second to none. It's military might is historically unprecedented. The U.S. government is an image of the Grecian concepts of democracy and the democratic republic, and the United States also goes about forcing other nations to remake themselves in the same image of the democratic republic. The U.S. financial and banking system are used globally, and it's money, the dollar, is the world's reserve currency. 

There is one other prophecy contained within Revelation 17-18, that further identifies the eighth empire as the United States of America. It describes the great city Babylon, and it's role as the center of a global economic empire which can be none other than New York City & Wall street. These passages also foretell of hatred within the Ten Kingdoms that brings ruin to the global economy, and the great city Babylon. This end time scenario is referred to as the Great Whore That Sits Upon Many Waters. The fall of the great city Babylon, and the crash of the global economy, are one of the last events just prior to the arrival of the Kingdom of God.

In addition to the U.S. dependence on Middle East oil, supplied by these same Ten Kingdoms, the Ten Kingdoms also hold vast reserves of U.S. denominated assets such as U.S Treasuries, and the fact that oil is traded in U.S. Dollars gives the Dollar it's strength as the world's reserve currency. Here we have another fulfillment of Bible Prophecy, "These have one mind and give their power and strength unto the beast." - Revelation 17: 13. (These have one mind) = all Muslim Nations, (Give their power and strength to the beast) = give power and strength to the Beast Empire by forcing the world to trade oil only in Dollars. Given these facts, it is easy to see how a growing hatred of the United States by the Muslim populations within the Ten Kingdoms could bring down the Beast Empire, and the global economy so dependant on Middle East oil, and the U.S. Dollar. 

The war on terrorism, and the U.S. Military occupation of Iraq, is perceived as a war on Islam by Muslims within the Ten Kingdoms. As a result, much of the funding, and many of the guerilla fighters used against the U.S. are recruited from amongst the Muslim populations within the Ten Kingdoms. These extended and protracted wars are causing a deepening financial burden for the United States, and further weakening the dollar in the face of other economic and financial troubles now facing the nation. Muslims in the Middle East know this to be true, and will continue the protracted guerilla wars indefinitely, or until the U.S. is bankrupted, and the U.S. Dollar is severely devalued. The resulting devaluation of the Dollar will cause a move out of the dollar, and a sell off of U.S. Dollar assets on a global scale, and also result in a decision by the oil producing nations to trade oil in a basket of currencies other than the U.S. Dollar. Such a move out of the dollar, will bring down the Beast Empire almost overnight, and the global financial and economic empire it supports. Just as biblically foretold, hatred of Mystery Babylon by the Ten Kingdoms will bring down the entire global economic system.

The biblical prophecies concerning the eight great empires, and the Ten Kingdoms, foretold to happen prior to the arrival of the Kingdom of God have already come to pass. This means that the arrival of the Kingdom of God is very close, and much closer than most people now realize. However, most people believe that the Ten Kingdoms are yet to happen in some future European domain where the so called Anti-christ is yet to rule, despite the fact that at last count there were twenty seven member states in the European Union, and not ten as the Bible clearly defines. Perhaps that is why Jesus Christ said that many people will be taken by surprise when the Kingdom of God arrives. They are still waiting for these biblical prophecies to be fulfilled, while they have already come to pass right before them. I can only conclude that the false prophet mentioned in the Book of Revelation has everything to do with the false interpretation of Bible Prophecy that blinds people to history, and keeps them from viewing their own nation, and their own leaders, as the fulfillment of these same prophecies. 

But even so, there is one other prophecy related to the above that is yet to be fulfilled before the Kingdom of God arrives. It is the Abomination of Desolation, spoken of by Jesus Christ, as a final sign of His imminent return. The Abomination of Desolation has nothing to do with the so called Anti-christ placing a statue in a newly rebuilt Jewish Temple as many people now believe. In fact, the Bible actually predicts that the Jewish Temple will not be rebuilt - See Biblical Proof The Jewish Temple Will Not Be Rebuilt & The Reason Why. 

The Abomination of Desolation is actually the armies, Muslim armies to be sure, that stand in the holy place = Temple Mount, as the abominable cause of the desolation of Jerusalem by warfare. So, for those of you waiting for a final sign that the end is near, and the arrival of the Kingdom of God is at hand, I say to you, "Watch Jerusalem!" When you see the Abomination of Desolation as described by Jesus, Luke 21: 20-24, the Kingdom of God, and the return of Jesus Christ will be at the door. See also Holy Place And The Temple Mount.

U.S. dollar tumbles ahead of Fed statement

World wants "major reserve currencies" stable: China

May new home sales dip 0.6 percent
WASHINGTON – New U.S. home sales dipped slightly last month, in another sign that the housing market recovery is likely to be gradual and prolonged.

Jobs picture dims and overshadows improved GDP
WASHINGTON (Reuters) - Fresh signs of weakness in U.S. job markets on Thursday underlined the strains faced by a recession-struck U.S. economy that contracted slightly less in the first quarter than previously thought. The Labor Department said the number of U.S. workers filing new claims for unemployment benefits last week jumped unexpectedly by 15,000 to a higher-than-forecast, seasonally-adjusted total of 627,000.

Sinking At A Slower Speed - Article Below
It makes no difference whether a ship sinks within a few hours or a day. The fact is that it is still sinking. If a ship sinks at a slower rate it does not point to a reversal. It just means that it will take a longer before it is completely submerged. The passengers on such a ship would be wise to use the extra time to prepare life boats to abandon ship, or secure life jackets to survive in the water. Only the foolhardy would lounge on deck thinking that if the ship is sinking slower there is nothing to worry about. So it is with the economy.

Jobless claims rise; GDP dips at lower pace in 1Q
WASHINGTON – Despite persistent layoffs, the economy seems to be faring better than it was at the start of the year. The Labor Department said Thursday that new jobless claims jumped unexpectedly last week. And the number of people continuing to receive unemployment aid rose more than expected. The figures indicate that jobs remain scarce even as the economy shows some signs of recovering from the longest recession since World War II. A revised reading on gross domestic product — the broadest measure of the nation's output — said the economy posted a 5.5 percent annualized decline from January through March. That was slightly better than the 5.7 percent estimate made a month ago. Economists generally think the economy is shrinking at a slower pace — about 2 percent — in the current quarter.

A Tale of Two Depressions
The world economy is tracking or doing worse than during the Great Depression (update) | vox - Research-based policy analysis and commentary from leading economists

California set to issue IOUs as fiscal crisis weighs
LOS ANGELES/NEW YORK (Reuters) - California's controller said on Wednesday that he would have to issue IOUs in a week if lawmakers can't quickly solve a $24 billion budget deficit, and the state's treasurer plans to tap a reserve fund to meet debt service costs.

Iran minister says CIA funding "rioters": report
TEHRAN (Reuters) - Iran's interior minister on Wednesday accused U.S. spy agency the CIA of helping to fund "rioters," stepping up accusations of Western involvement in street unrest following the country's disputed election. "Britain, America and the Zionist regime (Israel) were behind the recent unrest in Tehran," Interior Minister Sadeq Mahsouli was quoted as saying by the semi-official Fars News Agency.

Iran's Interior Minister Is Not Far Wrong - Article Above
The articles below reveal that former President Bush, and Congress, appropriated $millions for covert operations inside Iran in 2007 & 2008. This included funds to terrorist organizations and political opposition groups aimed at regime change. While the media currently dwells on political problems inside Iran, and ignores major problems within the U.S., keep in mind that much of the political unrest inside Iran was paid for by previous U.S. administrations and Congress. Much of what now dominates the headlines are the result of these covertly funded C.I.A. operations. This is not to say that political opposition in Iran is not legitimate, but that much of the current excessive media coverage, and the demonstrations, are part of the same strategy to foment political descent and regime change in Iran, and promote a negative world view of that nation. It would not be surprising if the political unrest within Iran, paid for by the U.S., is not the first stage of a much larger military operation that will include an air strike on Iran's nuclear facilities, and war. Iran is now surrounded by U.S. forces on all sides. There are thousands of U.S. troops in Iraq to the west of Iran, and thousands more in Afghanistan to the east of Iran. Coupled with the current social and political unrest inside Iran, the U.S. is well positioned for war. 

U.S. funding terror groups in Iran
July 5, 2008 - As worry mounts that the same right-wingers who got us into the Iraq war are now pushing for war with Iran, journalist Seymour Hersh has revealed that the Bush administration is supporting terrorist groups in Iran that are believed to be linked to al Qaeda and the Taliban. Writing in the New Yorker July 7, Hersh reports that the administration has significantly escalated covert operations in Iran aimed at “regime change,” including actions such as killings and kidnappings. Neverthless, Hersh says, late last year Congress agreed to a request from President Bush to fund a major escalation of covert operations against Iran — up to $400 million. 

Iran On Guard Over U.S. Funds
April 28, 2007 - The Bush administration's $75 million program to promote democracy in Iran has undermined the kind of organizations and activists it was designed to help, with U.S. aid becoming a top issue in a broader crackdown on leading democracy advocates over the past year, according to a wide range of Iranian activists and human rights groups. Since Secretary of State Condoleezza Rice unveiled the program more than a year ago, a wide array of activists -- teachers, women's rights campaigners, labor organizers, students, journalists and intellectuals -- have faced interrogations, detentions, imprisonment and passport confiscation over suspected links to the new U.S. funding, activists and human rights groups say. Iranian officials have charged that Washington is supporting the kind of soft revolution that transformed Eastern Europe.

War With Iran: Has It Already Begun?
In public, when it comes to the Iranian question, President Obama is all sweet reason and kissy-face. His recent video message to the Iranian people was just what the doctor ordered. However, this public performance is severely undercut by an ongoing covert program aimed at regime-change in Tehran – or, at least, at undermining the Iranian regime to such an extent that it must respond in some way.

This covert action program, reported by Seymour Hersh last year, was started by the Bush administration and funded to the tune of $400 million. The U.S. is, in effect, conducting a secret war against Tehran, a covert campaign aimed at recruiting Iran’s ethnic and religious minorities – who make up the majority of the population in certain regions, such as in the southeast borderlands near Pakistan – into a movement to topple the government in Tehran, or, at least, to create so much instability that U.S. intervention to "keep order" in the region is justified. 

What’s going on in Iran today – a sustained campaign of terrorism directed against civilians and government installations alike – is proof positive that nothing has really changed much in Washington, as far as U.S. policy toward Iran is concerned. We are on a collision course with Tehran, and both sides know it. Obama’s public "reaching out" to the Iranians is a fraud of epic proportions. While it’s true that our covert terrorist attacks on Iran were initiated under the Bush regime, under Obama we’re seeing no letup in these sorts of incidents; if anything, they’ve increased in frequency and severity.

Those who dread the prospect of war with Iran and hope to avoid it are a bit tardy in their concerns. I have news for these people: we’re already at war with Iran, and have been for quite a while. It’s only a matter of time, and circumstance, before it becomes official..........much more.

6-23-09

Optimism stalls amid second thoughts on recovery
NEW YORK (Reuters) - After months of wishful thinking, investors are nervous again about financial markets and the world economy, and it may take a flurry of much better economic data to make them believe in a sustainable recovery. Anxiety grew on Monday after the World Bank cut its 2009 global growth forecast, saying the world economy will contract 2.9 percent this year. That added to a decline that has hit major markets identified with increased risk -- global stock markets, currencies such as the euro, and oil, copper, gold and other commodities.

S&P turns negative for year in broad sell-off
NEW YORK (Reuters) - Stocks suffered their worst one-day loss in two months, dropping the S&P 500 back into negative territory for the year on Monday in a broad-based sell-off, as investors reconsidered the health of the economy.

Global stocks skid on growth prospects
NEW YORK (Reuters) - Global stocks and oil prices skidded on Monday as doubts about a nascent economic recovery, highlighted by a gloomy World Bank report, weighed on market sentiment.

When The Banks Need Their TARP Funds Back
Deutsche Bank says that the commercial real estate market in America will not recover until 2017. Richard Parkus, Deutsche Bank head of Commercial Mortgage-backed Securities and Asset-Backed Securities Synthetics Research, told Reuters that values could drop 50% from their 2007 peaks. Some experts in the housing markets have produced similar numbers, showing that the current 25% drop in the value of American homes could be followed by another 20% decline. The residential figures are plausible even if they are based on nothing more than rising unemployment and interest rates. There are no inertia breaks on the housing price free fall while Americans lose jobs at a record pace.

Most of the losses in both the home and commercial real estate markets will make their way through bank balance sheets. Commercial property values cannot withstand the bankruptcies and defaults of tenants and the paucity of new renters. Banks will end up owning multi-story glass offices and retail malls, half empty and spread out next to empty car lots which are rarely even part full. Accountants will be watching the value of the paper on bank balance sheets as will be newly zealous bank regulators. The amount of red ink from real estate may actually grow during the next four quarters compared with the last four. The “stress tests” of large financial firms may have erred in estimating how severe that part of the leverage problem may be.

The government and banks have also probably underestimated their exposure to consumer credit. “The banks have been through the market losses — now its time for them to go through the credit losses,” Diane Vazza, head of global fixed income research at Standard & Poor’s, told the New York Post. S&P puts the amount owed on credit cards at between $900 billion and $1 trillion. That number is much larger if home equity loans and lines of credit are factored in. S&P speculates that all of these problems could send banks back to the government for more bailout money.

Number of mass layoffs in U.S. ties record
WASHINGTON (Reuters) – The number of mass layoffs by U.S. employers rose last month to tie a record set in March, according to government data released on Tuesday that suggested the labor market has yet to stabilize. The Labor Department said the number of mass layoff actions -- defined as job cuts involving at least 50 people from a single employer -- increased to 2,933 in May from 2,712 in April, resulting in the loss of 312,880 jobs. It was the largest loss of jobs connected to mass layoffs on records dating to 1995. While signs have emerged suggesting the 18-month-old U.S. recession has begun to ease, the labor market continues to deteriorate. The U.S. unemployment rate hit 9.4 percent in May, the highest in nearly 26 years, and economists expect a report on July 2 to show it climbed further to 9.6 percent this month. The economy has lost six million jobs since the recession began in December 2007. Economists polled by Reuters expect the economy shed a further 368,000 jobs in June.

Israel's military planning for a multi-front war
TEL AVIV — Israel's military has intensified coordination between the army and air force to conduct simultaneous operations in the Gaza Strip and Lebanon. Officials said the effort reflects an assessment that Israel's next war would include such adversaries as Hamas, Hizbullah and Syria. "The Israeli military's future operations will be broader and more demanding in terms of their scope and pace, with more risks than Operation Cast Lead," Israeli Defense Minister Ehud Barak said. Operation Cast Lead marked the Israeli military attack on the Hamas regime in the Gaza Strip. The 22-day war spanned December 2008 and January 2009.

6-22-09

Evidence That Something Big Is About To Happen  (Revised)

The Dollar is up in contradiction to shrinking global demand, and worsening economic news, while gold is down, oil is down, the stock market is in decline, and corporate insiders are selling off their own shares in numbers not seen since the recession started. Governments of the world have arranged closed door meetings this week, excluding the United States, concerning the future of the Dollar as the world's reserve currency, and the nations of the world are dumping dollars like never before. It looks like the Dollar is in serious trouble in the global arena. Put it all together and what does it mean? The answer is that something big is about to happen. 

Insiders know that the collapse of the Dollar, financial insolvency, and a great economic depression are about to hit the United States and several other nations of the world in the next few weeks or months. They also know that the stock market is overvalued and about to take a dive, and the bond market will face a crisis as interest rates and inflation are about to rise. As a result, they must eliminate paper assets and investments now while the getting is good, and transfer their wealth into commodities such as oil and gold before the crisis begins.  

Via currency manipulation and central bank control the value of the Dollar is being artificially supported in spite of shrinking global demand, and worsening economic news, while at the same time a higher Dollar decreases the price of gold and oil. In an article below we can see that insiders within major corporations are now selling their own shares in haste, which is a clear indication that they know a stock market and Dollar decline is coming soon.

If so, then it's a sure bet that these same individuals, and many others who are not so visible, including many nations of the world, will exchange Dollars for gold and oil while the Dollar is still high, and the commodities market is down. In this way they will reap the highest profit from their stock sell off, and the highest profit from their gold and oil investments which are sure to rise after the stock market and Dollar decline.

In articles further below, it has been forecasted that the United States will face a Dollar and T-Bond crisis, as well as a worsening financial and economic crisis by the end of this year, and perhaps much sooner should a sudden event cause some kind of panic. All of this means that we are very close to a major financial and economic event that those in the know are now preparing for in advance. The fact that the stock market has already begun to decline means that this scenario is already underway. If I am right, we can expect a continuation of a declining rollacoster stock market from here on out, a declining Dollar after the stock market has dropped considerably, and gold and oil will once again climb, but to record levels. 

Prepare for a worsening financial and economic crisis in the weeks and months ahead in spite of all the glowing predictions that a bottom has been reached and a turnaround is imminent. The governments of the world are afraid to reveal the truth, and intend to let the passengers go down with the ship in complete ignorance. The biblical prophecies of Revelation 17-19 continue to unfold before us with frightening speed. The judgment of the Great Whore = global economic collapse, and the fall of Babylon = the financial collapse of the Beast Empire - The United States and the Federal Reserve System, are now before us. Heed the biblical warning to prepare.

Spending, Debt and Collapse Predicts Hyperinflation
We now have the Fed increasing total money and credit (M3) at a rate of 18% while our GDP is contracting at a rate of minus 6%.  That is a 24% differential, and that means that the amount of goods and services being produced has an ever-growing supply of money chasing after it, money and credit that is growing at a pace that is 24% more than the pace at which goods and services are growing.  Based on all the foregoing, we'll give you three guesses as to what the outcome will be somewhere down the road when the Fed's ever-burgeoning money blob starts chasing after a shrinking supply of goods and services.........much more.

The American Empire Is Bankrupt
This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful. Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. And these nations are damned if they are going to continue to prop up an inflated dollar and sustain the massive federal budget deficits, swollen to over $2 trillion, which fund America’s imperial expansion in Eurasia and our system of casino capitalism. They have us by the throat. They are about to squeeze.

There are meetings being held Monday and Tuesday in Yekaterinburg, Russia, (formerly Sverdlovsk) among Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization. The United States, which asked to attend, was denied admittance. Watch what happens there carefully. The gathering is, in the words of economist Michael Hudson, “the most important meeting of the 21st century so far.” It is the first formal step by our major trading partners to replace the dollar as the world’s reserve currency. If they succeed, the dollar will dramatically plummet in value, the cost of imports, including oil, will skyrocket, interest rates will climb and jobs will hemorrhage at a rate that will make the last few months look like boom times. State and federal services will be reduced or shut down for lack of funds. The United States will begin to resemble the Weimar Republic or Zimbabwe. 

“This means the end of the dollar,” Hudson told me. “It means China, Russia, India, Pakistan, Iran are forming an official financial and military area to get America out of Eurasia. The balance-of-payments deficit is mainly military in nature. Half of America’s discretionary spending is military. The deficit ends up in the hands of foreign banks, central banks. They don’t have any choice but to recycle the money to buy U.S. government debt. The Asian countries have been financing their own military encirclement. They have been forced to accept dollars that have no chance of being repaid. They are paying for America’s military aggression against them. They want to get rid of this.” China, as Hudson points out, has already struck bilateral trade deals with Brazil and Malaysia to denominate their trade in China’s yuan rather than the dollar, pound or euro. Russia promises to begin trading in the ruble and local currencies. 

The governor of China’s central bank has openly called for the abandonment of the dollar as reserve currency, suggesting in its place the use of the International Monetary Fund’s Special Drawing Rights. What the new system will be remains unclear, but the flight from the dollar has clearly begun. The goal, in the words of the Russian president, is to build a “multipolar world order” which will break the economic and, by extension, military domination by the United States. China is frantically spending its dollar reserves to buy factories and property around the globe so it can unload its U.S. currency. This is why Aluminum Corp. of China made so many major concessions in the failed attempt to salvage its $19.5 billion alliance with the Rio Tinto mining concern in Australia. It desperately needs to shed its dollars. 

“China is trying to get rid of all the dollars they can in a trash-for-resource deal,” Hudson said. “They will give the dollars to countries willing to sell off their resources since America refuses to sell any of its high-tech industries, even Unocal, to the yellow peril. It realizes these dollars are going to be worthless pretty quickly. "The architects of this new global exchange realize that if they break the dollar they also break America’s military domination. Our military spending cannot be sustained without this cycle of heavy borrowing. The official U.S. defense budget for fiscal year 2008 is $623 billion, before we add on things like nuclear research. The next closest national military budget is China’s, at $65 billion, according to the Central Intelligence Agency. There are three categories of the balance-of-payment deficits. America imports more than it exports. This is trade. Wall Street and American corporations buy up foreign companies. This is capital movement. The third and most important balance-of-payment deficit for the past 50 years has been Pentagon spending abroad. It is primarily military spending that has been responsible for the balance-of-payments deficit for the last five decades......more.

Dollar strength presses gold down towards $920
LONDON (Reuters) - Gold hit its lowest level since mid May on Monday, breaking below $920 per ounce as the dollar lengthened broad gains with investors looking to a Federal Reserve meeting for clues about U.S. economic health. Spot gold fell 1.4 percent to $920.80, having earlier hit a one-month low at $917.90. That compared with $933.80 quoted late on Friday in New York. The price was fixed or set in London on Monday afternoon at $919.25. The dollar gained at the expense of higher-yielders <.DXY, normally associated with risk-seeking behavior, reflecting investor concern about growth prospects in the euro zone and jitters ahead of Fed's rate setting meeting, a factor that was seen supporting gold at the lower levels.

Oil tumbles 4 percent on economic outlook, dollar

Insiders Exit Shares at the Fastest Pace in Two Years
June 22 (Bloomberg) -- Executives at U.S. companies are taking advantage of the biggest stock-market rally in 71 years to sell their shares at the fastest pace since credit markets started to seize up two years ago. Insiders of Standard & Poor’s 500 Index companies were net sellers for 14 straight weeks as the gauge rose 36 percent, data compiled by InsiderScore.com show. Amgen Inc. Chairman and Chief Executive Officer Kevin Sharer and five other officials sold $8.2 million of stock. Christopher Donahue, the CEO of Federated Investors Inc., and his brother, Chief Financial Officer Thomas Donahue, offered the most in three years. Sales by CEOs, directors and senior officers have accelerated to the highest level since June 2007, two months before credit markets froze, as the S&P 500 rebounded from its 12-year low in March. The increase is making investors more skittish because executives presumably have the best information about their companies’ prospects. “If insiders are selling into the rally, that shows they don’t expect their business to be able to support current stock- price levels,” said Joseph Keating, the chief investment officer of Raleigh, North Carolina-based RBC Bank, the unit of Royal Bank of Canada that oversees $33 billion in client assets. “They’re taking advantage of this bounce and selling into it.”