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David Wilkerson's Economic Vision
Key points to remember about this vision:
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From the time the first country goes down,
you'll have two weeks to get your money out of the bank.
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America will come through this crisis---there
will be a restoration.
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But the nation will never be like it was
before...
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God is saying: Get our lives straight...Get
rid of the idols...Seek the face of God in holiness...
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God will be a wall of fire about you...And
the glory in the midst of you!
It's about to happen---very soon, one
nation, and I'm speaking prophetically--if I've ever heard anything from God in
my life, I heard it. Very soon a European or North African or Eastern nation
is going to default on its international loan and when that happens, within two
weeks, Mexico is going to default. Mexico owes $100
billion ---80% of it to American banks---and here's what is going to happen:
about two weeks after the first country goes bankrupt, (we're going to survive
that, because most of that (money of the first country) is owed to European
banks---German, Swiss and French banks) but a second country is going to go
down, probably Argentina or Brazil, and we'll kind of live that down and say:
"Well, maybe it's not going to hurt," but two weeks after
the first country goes down, Mexico's going to default on $100 billion.
And when the banks open
the next day at 9 in the morning, $15 billion an hour is going to be withdrawn
from our American banks -they're going to be running our banks---the Arabs---all
the Latin American countries, they're going to be running our banks--and before
the day is over, the USA is going to have to declare a "bank holiday."
SIX MONTHS OF HORROR:
And we're going into six
months of the worst hell America has ever seen---there's going to be chaos---not
even the National Guard's going to be able to quiet it down---we're going to
have to call out the whole U.S. Army.
Now I've had visions recently, for I've
been in New York City and I was in Macy's in a vision, and
I saw people walking around stunned because they couldn't get their money out of
the bank.
Now I'm going to give you a word of
advice, the first country goes bankrupt---I've documented this and I've got it
sealed in an envelope, and I'm going to call all my friends and I'm telling
you---this is the first time I've said it in a public meeting like this---but
the first country that bellies up, you go get every dime
you have---church get your money out of the bank--because there's going to be a
'bank holiday' and you won't be able to get a dime for six months. Now, of
course, there's going to be -restored, but the nation will never be like it is
again.
There's going to be
fear like we've never known---judgment at the door. When I was at
Macy's Dept. store in a vision and I watched people walking around stunned, they
didn't know what to do, they didn't know what was happening; then a bunch of
people walked into Macy's and suddenly went wild and began to steal and within
an hour everybody---I saw the spirit of everybody in the store---they were
robbing and stealing---they raped Macy's and destroyed five floors---Macy's was
raped and ruined in a period of an hour or two.
That's just the beginning. Folks it's all
in this book (the bible) ---we've been warned and warned and warned---you can't
tell me God hasn't warned us. You can't tell me God isn't saying something
awesome here tonight in this church...we better get our prayer life straightened
up, our lives straightened up, get rid of the idols, as Paul writes, and seeking
the face of God in holiness or you're not going to be ready for what's coming.
God's warning, get ready and you'll not fear these things that come onto you and
you'll start rejoicing, you'll not be afraid because your hands will be clean.
You've been praying and God's building a wall of fire around you to keep you."
We'd like to teach
you a song about God's protection. It goes like this.: "There's a wall of fire
around me...There's a wall of fire between my soul and the enemy. There's a wall
of fire that you can't see...Between my soul and the enemy. There's a wall of
fire around me. May it be so with us all..."
London Trader: Staggering Gold Demand Creating Shortages
GREEK DEFAULT EXCLUSIVE: SENIOR US BANKERS GIVEN EXPLICIT TIMETABLE FOR ATHENS
DEFAULT
GREEK DEFAULT PLAN: JP Morgan also possesses it.
GREECE IS NOW IN TECHNICAL DEFAULT. NO REAL DEAL made. RATING AGENCIES playing
dumb.
GREEK BAILOUT: “It’s a seagoing sieve,” says Slog’s US source.
Mexico's Possible Collapse
Sean Brodrick -
8/13/10
There is a war next door, and our neighbor may be losing.
I'm talking about Mexico's ongoing battle with violent drug gangs. The
northern parts of Mexico are becoming lawless, and the drug gangs are taking
steps to set themselves up as de facto governments. This could have big
implications for Mexico and for its oil production. And Mexico is our number
2 supplier of imported oil.
Does the fallout from Mexico's collapse extend beyond
oil? Heck, yeah! The U.S. share a long and porous border with Mexico, and
troubles there are already spilling over here.
Here are some facts about Mexico's drug gangs that are
starting to scare me ...
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About 28,000 people have been killed since December
2006, when President Calderon declared war against the gangs. A whopping
1,200 people were killed in July — the deadliest month yet. The city of
Ciudad Juárez, which borders El Paso, has by far been the most violent
area, with more than 4,300 people killed in the past two years. Drug
gangs are armed with military-grade weapons smuggled from the U.S., and
other weapons come straight from the Mexican army.
So many people were terrified of being assassinated in the last
election, political parties had trouble finding candidates to run for
office.
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Drug gangs are smuggling more drugs into the U.S. now
than when the war started. It has become a $39 billion a year business —
worth one-fifth of the Mexican government's annual budget.
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The drug gangs are diversifying — moving into
immigrant smuggling, extortion, kidnapping, and stealing oil.
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Mexican drug cartels operate in more than 2,500 U.S.
cities. They are the only ones working in every part of the United
States, and have forced out Columbian gangs.
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Drug gangs are actually setting up de-facto shadow
governments and levying taxes in the Mexican states of Tamaulipas and
Coahuila on the Texas border, as well as President Calderon's home state
of Michoacán.
President Calderon acknowledged the growing strength of
the drug gangs at a national security conference. He said: "Their business
is no longer just the traffic of drugs. Their business is to dominate
everyone else. This criminal behavior has become a defiance to the state, an
attempt to replace the state" by exacting war taxes and taking up arms more
powerful than those used by outgunned government forces.
Recently, the U.S. Joint Forces Command warned that the
Mexican government could experience "a rapid and sudden collapse" due to drug
cartel violence.
According to some experts, it's so bad that Mexico's
government has been forced to pick sides, showing favoritism to certain drug
gangs in return for help battling other drug cartels. Such alliances would be
another step toward drug gangs becoming a political force.
There's already a lot of non-official cooperation. In one
notorious incident, a birthday party in the northern city of Torreon was
attacked by drug cartel hitmen who used automatic weapons to kill 17 people and
wound 18 others. Mexican authorities later said the hitmen were incarcerated
cartel gang-members let out of jail by corrupt officials. The prison guards lent
the gunmen vehicles and their own weapons. After the bloody massacre, the
killers coolly returned to the prison, handed back their weapons, and went back
to their cells.
Stealing Big in Oil
The drug gangs are also stealing oil. Mexico's state-owned
oil company, Petróleos Mexicanos or PEMEX, estimates some $720 million worth of
oil products were stolen from it in 2008, slightly higher than 2007. Just one
gang — busted in April — allegedly stole $46 million worth of oil products over
two years.
And this year, the drug gangs branched out to threatening
petroleum production, which provides one-third of Mexico's revenue. PEMEX's
general director told a congressional committee that rampant kidnapping of
workers forced the closing of oil and liquid gas plants in the Burgos Basin in
northeastern Mexico, among the company's most lucrative installations.
This is coming at a critical time, because Mexico badly needs
investment in its oil industry ...
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Mexico's supergiant offshore field Cantarell started
declining in 2005, and crude output has fallen from an average of 3.4
million barrels a day in 2004 to about 2.6 million barrels a day over the
last 18 months.
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Meanwhile, PEMEX's current top-producing field, Ku-Maloob-Zaap,
has hit its expected peak production of 850,000 barrels a day.
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In all, Mexico's crude oil output was 2.592 million
barrels a day in the first half of the year, down 1.4% from a year earlier.
If Mexico's oil production falls again this year, it would
mark six straight years of declines.
PEMEX hopes to issue up to 14 incentive-based contracts by
the end of the year to get private sector assistance to develop mature oil
fields. But if the drug gangs are stepping up the war, and targeting oil field
workers, it's hard to say who will want those contracts.
This, in turn, puts more pressure on the supply of crude oil
to the U.S.
Other Economic Risks from the Drug War
Mexico's economy is expected to grow by about 5% this year.
That sounds good, except that Mexico's economy shrank 6.5% last year. So, the
country's GDP would still be lagging. It's hard to get foreign investment in new
factories when drug cartels are running rampant.
And Mexico is still feeling the pain from sovereign debt
downgrades last year from two credit ratings agencies, leaving Mexico only one
notch above the lowest investment grade (Mexico's declining oil output was a key
factor in the downgrades). The debt downgrades make it harder for Mexico to
borrow money. And bloodthirsty cartels running wild and shooting up the place
won't help bondholder confidence, either.
For me, the big risk here is a potential collapse of the
Mexican government. If the drug gangs are able to set themselves up as viable
shadow governments, then the U.S. may be forced to intervene militarily.
And that may not be the worst of it. As a student of history,
I can tell you that one of the forces that brought down the Roman Empire was the
immigration of large numbers of foreign tribes over its borders. Those tribes
all wanted the good life they saw in Rome, and they overwhelmed Rome's ability
to cope with them. If the Mexican government collapses, we could see a new flood
of people heading over our border. In that case, Mexico's problems could become
our problems.
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