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The Science of Getting Rich: CHAPTER VII [excerpt] by Wallace D. Wattles #Gratitude

--- Gratitude THE ILLUSTRATIONS GIVEN IN THE LAST CHAPTER will have conveyed to the reader the fact that the first step toward getting ...

Wednesday, January 13, 2010

Excerpts from #God (pt5)

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The following are excerpts from the book The Prophesied End-Time Revealed - 2008 - God's Final Witness

It is used here without permission... If it is true and if we all are truly about to suffer and die together then I'm betting the author, Ronald Weinland, will not bother wasting time suing *me* over using excerpts from his book...

The Fourth Thunder

Each one of the previous prophetic thunders will have an impact
on the fourth thunder. The result of nations fighting terrorism and
engaging in war, along with the devastation caused by
earthquakes and the destructiveness from weather, will place a
greater burden on a crushing global economy.

#4 The Fourth Thunder is global economic upheaval.

The world is entering into a time of final upheaval for the
global economy. The stock market cannot continue its
masquerade of being healthy and robust while being falsely
propped up by positive talk, pseudo-exuberance and creative
forecasting. The day of reckoning is now on the world’s
doorstep. Many deeply-felt pangs of sickness will reverberate
throughout the world as we draw nearer to a huge market crash.
Some nations are already indicating a shift from dollar to euro
as a better assurance for future stability. Although many in the
United States scoff at such a possibility, that is precisely what
will happen as confidence in the dollar continues to wane.

With corporate scandals and corruption on an alarming rise
(not to mention never ending downsizing), along with a loss in
confidence in a sick economy, the United States is drawing
nearer to an economic implosion.

Colorful forecasts, indifferent management, slight-of-hand
trickery concerning corporate assets, downsizing, and other
corporate gimmickry have reached the point of no return. There
will be no bouncing back from the cancerous greed that has
nearly choked all life out of free-market capitalism.

Add to all these economic woes the problem of trade deficits,
money manipulation, volatile oil markets, and a list of other
global ailments; and you have a sure formula for global economic
upheaval, the likes of which this world has never seen. The world
has experienced times of great economic upheaval, but it has
always bounced back in one way or another. This time there will
be no bouncing back because the world will experience a
complete economic meltdown to a level which not even the
hoarding of gold and silver will solve.

The stability of the global economy is on very shaky ground,
so much so that even a small country like Iran is making threats
that can actually help push it over the edge. This week World Net
Daily (Feb. 3, 2006) reported on an unusual move from Iran.

The global economy is so insecure that something this small could
actually start a final domino affect:

Beginning in 2003, Iran began demanding oil payment
in euros, not dollars, although the oil itself was still priced
in U.S. currency. Now, Iran is seriously considering
establishing an Iranian Oil Bourse, with the goal of
competing with the New York Mercantile Exchange,
NYMEX, and London's International Petroleum
Exchange, IPE.

Right now, the NYMEX and IPE use three oil
"markers" to establish price – West Texas Intermediate
crude, Norway Brent crude and the UAE Dubai crude.
With the establishment of an Iranian Oil Bourse, Tehran
wants to create a fourth oil marker, this one priced in
the euro.

Today, about 70 percent of the world's international
foreign currency reserves are held in dollars. If the
petroeuro begins to challenge the petrodollar, this
percentage could diminish drastically.

The United States depends on the dollar foreign currency
reserves in order to sell the Treasury debt that
sustains budget deficits. Most Americans are completely
unaware of this threat Iran represents to the U.S.
economy.

Even China has been hinting at shifting some of its reserves
from the dollar to the euro. There is much economic uneasiness
in the world today, and this is about to lead into an
unprecedented economic upheaval worldwide.

Greg

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