Sabbath 7/11/38/120

Dear Friends,

This month we are watching the financial and political situation unfold in the New World Order (NWO). We are seeing the financial crisis publicly unfold as admitted publicly by the banks and financial gurus; and we are also seeing the Roman Catholic Church try to ride this New World Order Beast.

The last Global Financial Crisis (GFC) in 2008 was predicted by us for almost two years in advance.  No one took notice then and we have been warning of this crisis for the last two years from the middle of 2013 through the Sabbath Messages.

The RBS [Royal Bank of Scotland] was one of those hit hardest by the GFC in 2008 and subsequently. The bank is still in majority British government ownership, despite recent moves to sell down some of its stake, after being effectively nationalised to prevent its collapse. It is thus reasonable to suppose that few surviving institutions would know more about financial crises than the RBS.

Michael Janda observed (Drum Wed 13 January) that a number of financial observers have expressed the view that, in that context, a warning from its credit team to "sell everything except high quality bonds" is quite alarming. And it is important to note that the RBS isn't alone either. The French banking giant Societe Generale's permabear strategist Albert Edwards is also warning of a new financial crisis "every bit as bad as in 2008-09", predicting that a resurgent greenback will hurt US exports and send the world's biggest economy back into recession.

As we advised publicly after it was published last week that billionaire hedge fund manager George Soros warned that China was heading for a 2008-style financial crisis, because it hasn't moved its economy successfully away from export-led growth to domestic consumption.

As Michael Janda also observed  late last week,”Dr Gloom, Boom and Doom himself, Marc Faber, told me in an interview that China is sitting on "the greatest credit bubble ever" which will lead to ‘some hardship within the economy’".

‘While some of these analysts are renowned for their almost permanently gloomy outlooks, the evidence is irrefutable that many investors hold similar concerns’ and it is Janda’s view that exits may soon be blocked to prevent runs and large scale exits.

As he wrote last week, “the Chinese government and central bank are struggling with rapid capital outflows, which Dr Faber believes represent both wealthy Chinese and foreign fund managers racing to get their money out of a ‘rotten’ economy. The outflow of money has seen the yuan depreciate about 6 per cent against the US dollar - and that is with Chinese authorities chewing through hundreds of billions of dollars in foreign exchange reserves to slow its descent (although they have over $US3 trillion in reserves still to play with).

Michael Janda said that “In their latest gambit, Chinese authorities bought massive quantities of yuan to drive up the Hong Kong Interbank Overnight Rate (HIBOR) by 53 percentage points yesterday to a whopping 66.82 per cent. Such a move makes it uneconomic to borrow ‘offshore’ yuan to sell them and effectively ‘short’ the currency, thus helping to prop it up for now.

The increase in the US exchange rate is undoubtedly hurting American exporters, as well as all the Chinese companies that borrowed money at low interest rates in US dollars over the preceding three or four years. That also hurts the Australian economy in its US dollar based oil purchases as the drops in the current oil process are also matched by falls in the AU dollar so no benefit flows to the AU economy from falling oil.

Janda asks: “What makes investors think that bank and retail profits will grow at the same time as the earnings for Australia's major exporters are plunging through the floor?
Investors are voting with their feet.”

Stocks have already seen a substantial outflow of funds, with the MSCI ACWI index of global share markets down 6.4 per cent so far this year.  The S& P index has also dropped a trillion dollars so far in the last 13 days.

While Wall Street had posted a couple of moderate gains to start the week it was still down a trillion and Australia's ASX may snap its run of eight straight falls but this is seen as a sign of a dead cat bounce.

One potential sign of that risk is the bipolar Australian share market today: banks and retailers are surging even as BHP Billiton plunged below $15 a share for the first time in more than 11 years.

These problems are very serious and the AU economy is very vulnerable. However, as we have observed many times, this is the deliberate destruction of the world’s middle class by the NWO system.  This has long been planned and many are starting to see it for what it is.  It is the establishment of the last Empire of the Beast (see the paper WWIII Part I: The Empire of the Beast (No. 299A)). 

It is now becoming more in plain sight and we see the blatant attempt at the formation of the Roman Catholic Church to ride the Beast in these last days (see the papers WWIII Part II The Whore and the Beast (No. 299B),  Antichrist in Early Church Theology and the Last Days (No. 299F) and Antinomian Destruction of Christianity by Misuse of Scripture (No. 164C)).

We are now seeing this pope Francis setting out to form the New World Order Religion that will combine the religions of the world into the basic Mystery Cult systems on the slogan of “Love.”  Each of the stooges selected, he as head of the RC system, the Orthodox, Muslim, Buddhist, Jewish and Protestant groups, mouth this platitude. The Hindus will follow on. The demons are pushing it in an attempt to subvert the Churches of God also.  God will gut these systems now as part of their judgment.

The papacy under Francis is Marxist and do not let anyone tell you it is not.  It is aimed at completely reorganising the world away from the blessings conferred by God on the descendants of Abraham and the laws of God and the faith and testimony of Christ (Rev. 12:17;14:12).

Francis declared a few weeks ago that this might be the last Christmas that many see or observe.  That is because 2016 is seen as the reorganisation of the world faith away from the Christmas and Easter systems into the one world system based around the world leader and under the NWO with Satan to emerge as its declared head or Lucifer. We will deal with this in more depth later.

Satan will try to link the head of the UN replacing the current Secretary General Ban Ki Moon as the head or the titular Antichrist and the next president of the US as his supporter and devotee of the Satanist system. If necessary they will collapse the US and English speaking system in 2016. 

What they do not understand or count upon is the intervention of God through the final phases of the Church of God and then the Two Witnesses and finally the Messiah (see the papers Warning of the Last Days (No. 044); The Witnesses (Including the Two Witnesses) (No. 135); Advent of the Messiah Part I (No. 210A) and Part II (No. 210B).  Rabbinical Judaism and the Last of the Churches of God will be gutted over the next decade and their leaders are starting to die now (see the paper Pillars of Philadelphia (No. 283)).

Wade Cox