People hate it when David Wilkerson talks about it - and they hate it just as much when I talk about it. But right now I have to bring it up again because of what is happening. Yesterday WorldNetDaily published the following:
"Alarm: China signals flight from dollar Investment CEO says he's 'never seen people more nervous'
An unprecedented signal from senior Chinese leaders that the Asian economic giant might abandon the U.S. dollar sent shockwaves through the markets today as the Dow Jones Industrial Average lost 360 points and the greenback fell to a record low against the euro.
Xu Jian, a Chinese central bank vice director, told a conference in Beijing, "The dollar is "losing its status as the world currency."
Meanwhile, at the same meeting, Cheng Siwei, vice chairman of China's National People's Congress, said, "We will favor stronger currencies over weaker ones, and will readjust accordingly."
Craig Smith, CEO of Swiss America Trading Corp., told WND he's been in the investment business for 30 years and has "never seen people more nervous."
Alarmed by today's economic news, he dispatched a note to brokers with a warning of ominous potential consequences if China and other trading partners abandon the dollar.
"If that were to happen, all bets are off, and we will be in a depression that makes 1929 look like child's play," he said, "or we will experience Weimar Republic inflation as the dollar makes extreme moves toward devaluations." [- http://worldnetdaily.com ]
A. STROM Again: Actually, according to all the data that I have seen, the Dollar situation is not even the worst of the problems.
There is a global Credit Crunch underway - affecting giant banks and Investment companies the worst - and every day we are getting news of MULTI-BILLION dollar write-downs. All of this is linked to the Housing and Mortgage crisis in America - and its effects are being felt worldwide. -And it is growing worse.
This Credit crisis by itself actually threatens the entire SYSTEM - no exaggeration. And it is already underway - NOW. Many international banks are in crisis mode already - but how long it takes to reach "Main Street" is difficult to know. There is already some fallout. For instance, giant retailers such as Wal-Mart reported yesterday their worst October in over a decade. But this is just the beginning of sorrows.
As one commentator put it today: "The dollar fell another 2 per cent last night, gold soared to $840 per ounce, oil topped $98 per barrel, General Motors reported a $39 billion loss after the market closed on Tuesday, the real estate market continued its downward slide, and the major investment banks are marching in lock-step towards bankruptcy..."
For many months now we have been saying that this Housing bust will be the worst (by far) that this nation has ever seen. This is no longer a "controversial" viewpoint. Even many of the most mainstream economists now openly admit the same thing.
The "D-WORD" that I mentioned in the title of this article is, of course, the word "DEPRESSION". I continue to stand by my statement of many months ago that within 3 years this nation will be in a terrible financial depression - possibly the worst that it has ever seen. Right now, things are right on track to see this fulfilled.
But WHY??
The answer to this question mostly lies in one word - "GREED".
There has been an absolute orgy of Greed in this country - from the Investment Bankers selling shady Mortgage-Backed Securities to the condo flippers and Real Estate Appraisers and "Junk Bond"
specialists and "Liar's Loan" officers. And what is left is an absolute mountain-pile of shameful, unethical financial garbage - which nobody is willing to swallow any more. -And then there are the DERIVATIVES. -A market worth over $400 TRILLION which, if it ever gets infected by this toxic junk (-which is close to happening), may cause the WORST SYSTEMIC AVALANCHE that the world has ever seen.
GREED is the word. At the end of the day, all of this has been for the love of the Almighty Dollar.
In fact, even CHRISTIAN AMERICANS love the Almighty dollar so much that they are willing to make up ENTIRE DOCTRINES to prove that God loves money just as much as they do. It is a new kind of gospel - never seen in the history of the world before.
The Americans invented it and spread it around the earth. And now, even in REVIVAL COUNTRIES, this gospel of greed is taking over. Carter Conlon says that he was in a poor African nation recently where there are 700,000 little children living without parents on the streets - and yet the PASTORS ARE DRIVING BMW's and preaching SELFISH PROSPERITY. Where did they get such sickness? -They got it from America. We beam it to them live by satellite.
And this is why I believe God is about to make an EXAMPLE of the USA. -He has to. All the nations follow her lead. The entire church worldwide looks to her for guidance. And she has become a center of corruption and spiritual sickness almost without precedent in the history of the world. She has made the whole earth "drunk" with her fornications, her movies, her MTV, her music, her rebellion, her love of money. And so I am convinced that God is about to make an 'example' of her before all nations. He cannot have a "Christian" country spreading such things in the earth.
When I am in Nigeria again this February I plan to preach this very thing. -That God is making an example of America so that all the nations will fear. -That this is what happens when you follow a creed of "God wants me rich", of pleasure-seeking, materialism, selfishness and greed. -That God is about to demonstrate to the whole earth what will happen to such a nation. Do you think He is just going to stand by and watch us ruin His Revivals forever?
God has a controversy with you, America. He is girding Himself up for war. I hope you are ready to find out what it is like to get yourself on God's "wrong side".
Enjoy the coming Christmas, America. It may be your last really enjoyable one for a very long time.
______________________________________________________________________________
HOW to SURVIVE the DEPRESSION
-by Andrew Strom.
For many years we have been warning of a coming economic crash in America. And since 2006 we have been warning specifically of the HOUSING crisis - and the recession and depression that would follow. You will notice that everything we have been predicting is now coming true. In fact, a number of the most respected economists now state that the USA is already in Recession - beginning in December 2007. Sadly it is going to get much much worse.
I remember one place that I preached in 2006, predicting that there would be a housing crash followed by an economic depression. There was a man smirking and laughing down the back of the room. I guess that smirk may be missing now.
I want to get into "How to Survive" the coming Depression in a moment, but firstly I need to paint a picture of some of what is ahead. My strong belief is that, particularly in America, this crisis is going to be WORSE than the GREAT DEPRESSION.
And it is going to last for YEARS. Other developed nations such as England, Ireland, Spain, Canada, Germany and even Australasia - are going to be very hard-hit also. China, India and much of Asia will be pounded at first, but I believe will recover faster. All of this is already underway.
How bad is it going to get? I believe that Christians in America need to face the fact that they are about to live through one of the WORST 5 - 7 year periods that this country has ever seen.
-By far. And they need to be preparing NOW. We have not even seen the beginning of the worst of this crisis yet.
I know that there are people on this List who have heavy mortgages - who did not listen to me months ago when I started warning about the Housing crisis. Sadly some of these people are already staring down the barrel of losing everything they own.
In fact, millions of American Christians are about to become utterly destitute. A lot of "innocent" and not-so-innocent people are going to get caught out by this. And many ministries that rely on "big money" are going to get crushed.
At the end of the day, this entire thing is a judgment on the great idol of Mammon in this country. God is going to bring that idol down. He is going to smash it to pieces, and separate His true gospel from that of the Mammonites in the church. And woe unto those who get caught under that avalanche when it falls.
Sadly, many poor and underprivileged people in this country are already being affected. We need to have a heart of compassion and be reaching out to these ones as things grow worse.
(By the way, speaking of avalanches, you may remember my warnings about "Derivatives" and the need to watch the "Insurers"
of the markets. Already these areas are extremely shaky, and the danger of an "economic tsunami" is high).
HOW to SURVIVE and EVEN THRIVE
There is only one type of Christian that I believe will survive - and maybe even thrive - during the coming Depression - and that is the Christian who is ministering actively to the POOR. It does not matter how much gold or US T-bills you store up. It is only "heavenly treasure" that will do. Do not expect to do well if you only selfishly consider yourself and your own family. Those who are ministering to the poor and needy I believe have a chance to literally THRIVE in this situation, while those who "hoard to themselves" can expect God's great displeasure. He is simply not going to put up with it any more.
The other thing that will make all the difference is a strong linking of arms with several others of LIKE MIND. This too is very important.
If you are part of a home group, then this may be fairly easy to do.
Talk to them about it. Come together in a strong bond of unity between, say, 4 families or individuals. But watch carefully how you choose. These relationships need to be able to survive a prolonged crisis. You may end up LIVING with these people (-very likely). And they need to be a good fit ministry-wise also.
These two things - (1) Linking arms with a small close-knit group of Christian believers, and (2) Ministering actively amongst the poor and needy - these two things will make all the difference.
And we need to start doing this NOW. Don't wait until the crisis suddenly worsens. That may be too late. Start a "free meal" in your town. Do something! The hour is late.
I believe this is an opportunity for the true Church to come forth and display the Glory of Jesus in this nation - like a beacon set upon a hill. This crisis could be the Church's finest hour - if only we will heed His call. Let the true Church be the one to shine - not the Red Cross, not FEMA. May God's true remnant come forth in this hour to display His compassion and glory to all the earth. It could be the making of the American church - it really could.
Everything I am telling you in this email is so critical, I literally do not know how to stress it enough - it is that vital. There are going to be people who ignore what I am saying here who will literally regret it for the rest of their lives. No joke. You can mark it down.
Some ignored my warnings about the Housing market to their great cost. Others are going to ignore the two things that I am stressing most strongly here - (1) Banding together in small close-knit groups, and (2) Ministering to the poor. And it is going to cost them almost everything.
But this is all I can do - cry aloud and hope that some will listen.
Please pass this on to other Christians who hope to survive the coming crisis, my friends.
Send feedback to- prophetic@revivalschool.com
God bless you all.
Andrew Strom.
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