Some Say We Are Nearing Armageddon Meltdown

From Lindsey Williams
These are the most exciting days that any person could have ever lived on the face of the Earth. I am so glad I am living today to witness Biblical fulfillment. It is good to have read the last chapter and now see it coming to pass.

People are getting nervous about the true health of our current financial system and some financial heavyweights argue we do find ourselves near or even at an Armageddon type of meltdown. Let me give you some examples to indicate what is really happening in the financial markets both here in the USA and around the world.

"It's a bloodbath out there," says an official with Market Street Mortgage in Houston. A few mortgage lenders have gone under. And nearly a trillion dollars has been taken out of the US stock market.

AIG's stock fell 0.4% after the world's largest insurer said residential mortgage delinquencies and defaults are climbing. "Right now, we are going through a massive liquidation in futures", said Peter Cardillo.

>From 2000 to 2006 the Federal Reserve reported only 1 bank failure in the USA. In 2007, from January the 1st until today, there has already been 14 bank failures. This will speak for itself as to where we are.

7 Million homes are scheduled to be foreclosed on in the United States in 2007. (Jim Cramer - CNBC News, Friday, August 3rd, 2007) This adds up to around 21 Trillion Dollars in foreclosure losses this year. Watch Jim Cramer's recent outburst on the severity of the situation on my website Homepage News Section - Click Here.

Wells Fargo & Co., the second-largest U.S. mortgage lender, said recently it will close its subprime wholesale lending business, which processes and funds loans for third-party brokers, citing turmoil in the market for riskier home loans. The company will shut operations in Baton Rouge, Louisiana, causing a loss of 170 jobs, and in Des Moines, Iowa, where it will seek other jobs for 67 workers. Wells Fargo also cut 444 subprime jobs last winter.

Here are a few Real stories I have recently been told by a close friend who deals in gold:

One businessman purchasing a large amount of hard gold assets expressed that just 3 months ago his construction services company had all trucks and crews running from morning to night. Since then, 3 months later his business is less than 10% of what it was and once the residential and commercial construction projects that are under development are completed, he will have NO MORE business in his market.

Other business owners are currently buying gold using credit cards and business funds in an attempt to avert the coming economic collapse by putting their money into hard assets.

If this isn't enough, the financial situation is also affecting foreign banks. The situation is worldwide. Here is just a small look at the global perspective:

Frances' largest banks suspend three funds.

European Central Bank, said it allocated 94+ Billion Euro's to 49 bidders in a one day at 4.0% to add liquidity to the money market.

Frankfurt, Germany - The development bank owned by the German government that stepped in this week to protect IKB Deutsche Industriebank from exposure to the U.S. subprime crisis said it had agreed to assume financial obligations from IKB totaling ¤8.1 billion. The bank, KfW Bankengruppe, made the disclosure, equivalent to $11.1 billion, in a July 30 filing with the Securities and Exchange Commission that became public Tuesday.

IMMEDIATE EMERGENCY PREPARATIONS need to be made by everyone reading this newsletter. Set your financial and spiritual house in order immediately.

There is one area that I have not seen anybody cover and it is critical. HEALTH CARE: What are you going to do if the Doctors and Nurses don't go to work because the dollar collapses and they are not being paid? Especially in California, New Mexico and Arizona, a large number of hospitals are in deep financial trouble due to their being required to treat ALL patients regardless of financial ability to pay or legal residency status. What happens when you need to be treated and there isn't anyone there to treat you? Will your hospitalization insurance pay the bill during a global or domestic financial collapse?