Faith Club

1.9.08 12:44
US bank 'to fail within months' http://news.bbc.co.uk/2/hi/business/7569903.stm
Integrity Bank Becomes 10th U.S. Failure This Year (Update2) http://www.bloomberg.com/apps/news?pid=20601087&sid=a7dn3iRmUDCQ&refer=home
The global economy is at the point of maximum danger http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/21/ccview121.xml
UK economy 'at 60-year low,' minister warns http://edition.cnn.com/2008/BUSINESS/08/30/uk.economy/index.html

http://newprophecy.net/2008part3.htm#Stock%20Market%20Crash

Stock Market Crash, Global Depression Begins
NEW PREDICTION: 5/23/06 -- The war in the Middle East, continuous rising oil prices, the sudden cut-off of oil by Iran at the Strait of Hormuz and at the Caspian Sea-Turkey pipeline, oil cut off from Venezuela, Iraq, and the Saudi peninsula, along with even more dangerous developments involving war between the US, Israel, Iran, Iraq, and Syria will cause the US stock market to crash in October 2008. A global depression will result as markets plummet and collapse throughout the entire world.
Panic and speculation will result in billions of dollars being withdrawn from banking institutions. The White House will "be forced" to close the banks and thus initiate a festering banking crisis. Mobs of angry US citizens will form to try to remove their savings by force. Electronic banking will not function. All transactions will be stopped by the government online and offline out of fear. Panic and lawlessness will spread as an economic collapse in the US and Europe becomes global, leading to civil wars in some countries.
The world will enter into the worst global depression in recorded history.

http://www.urbansurvival.com/week.htm

Can't Sleep Sunday Thoughts

From today, we've got 37 days, if the predictive linguistics are right, to the next point in this timeline when life will go through a major shift - just as the major tipping point in early September of 2001 has had a lasting (and arguably negative) impact on the lives of most of the planet. So, up early this morning working on checklists and how to deal with life thereafter for Peoplenomics.com subscribers.

Along the way though, some serious events that are worth of note as they fit in so closely with the concept of 'urban survival.'

One of these is the report out of the UK today that Lehman Brothers is in urgent talks to try and drum up a capital injection.

In case you missed it, after the close on Friday, Integrity Bank failed down Alpharetta Georgia way. This is a fair-sized bank - about a billion in assets. This is expected to eat through another $250-million to $350-million of the Federal Deposit Insurance Corp.'s dough, which in turn came from where? You guessed it: nice upstanding report-every-dime taxpayers like you and me. It's getting so anyone with an ounce of economic wit, ought to be afraid as hell of Fridays after the close.

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I've explained for subscribers, but it bears repeating: The danger in all these bank failures is not just the potential for depositors to lose their shirts and savings. If that were the case, the Feds would likely be upset, but not nearly as worried about 'systemic integrity'.

The real problem that crops up is the whole notion of cascading bank failures.' The way this scenario paints out is very simple. Picture all the banks in the world as being players sitting in a gigantic circle, each bank having a pile of receivables from their bank on the right and owing a bunch of payables to the bank of their left.

These inter-bank obligation instruments, have tow kinds of values. One in a 'notional value' and the other is an 'actual value'. They are derivatives and other piles of paper debt that have previously been taken at face value. But, all that is now changing.

The problem THE WHOLE WORLD has is that if the orderly transfer of dough from the players to the right - to the player in the middle - to the player on the left (in a manner of speaking) seizes up, there will be NO MORE FINANCIAL WORLD as we know it today. Pure and simple.

http://www.starfieldobservatory.com/coming.htm on October 7: Inferior conjunction of Mercury, Eastern stationary point for Jupiter and First Quarter of Moon phase