Peter Schiff is right!
In the previous post, I shared some recent comments made by Peter Schiff about how what's going on in Greece right now is actually what we should expect to see here in America relatively soon.
Well, I guess the guy knows what he's talking about because I just found my way over to Washington's Blog and learned that California is more likely to default than Iceland or Iraq! Of course, you'd never know it from a national media that fails to do its job properly.
Check this out:
Wednesday, May 12, 2010
The Federal Reserve isn't the only one who owns credit default swaps betting that California will default.
Central banks and other savvy players now look to credit default swaps as the primary economic indicator for judging an entity's health (and see this and this).
And in February, Jamie Dimon - chairman of JP Morgan Chase - warned that American investors should be more worried about the risk of default of the state of California than of Greece's current debt woes.
Governor Schwarzenegger is enacting "terrible" budget cuts.
But forming a public bank would be the best option to save California from Greece's fate. See this, this and this.
Look, these are SECULAR sources pretty much agreeing with one another that the current economic crisis in this country is NOTHING compared to what's coming. They are telling us that simply based on the handwriting that's on the wall. Folks, even though they might not realize it themselves, we know how very right they are in their grave assessment because it connects PRECISELY with what the Holy Bible tells us about the end times.
Ladies and gentlemen, we're seeing so many clear signs converging all at once that God is no longer inching us closer to His prophesied end, but racing us toward the start of the Tribulation.
Now is the time to get your spiritual house in order.
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In the previous post, I shared some recent comments made by Peter Schiff about how what's going on in Greece right now is actually what we should expect to see here in America relatively soon.
Well, I guess the guy knows what he's talking about because I just found my way over to Washington's Blog and learned that California is more likely to default than Iceland or Iraq! Of course, you'd never know it from a national media that fails to do its job properly.
Check this out:
Wednesday, May 12, 2010
The Federal Reserve isn't the only one who owns credit default swaps betting that California will default.
As Ed Harrison points out, credit default traders have now ranked California in the top 10 governments likely to default, with a 20% default probability:
Most recent numbers: 11 May 2010
California has pushed ahead of Iceland and Iraq, which were on the top 10 list last week:
Last Week’s Numbers: 06 May 2010
Central banks and other savvy players now look to credit default swaps as the primary economic indicator for judging an entity's health (and see this and this).
And in February, Jamie Dimon - chairman of JP Morgan Chase - warned that American investors should be more worried about the risk of default of the state of California than of Greece's current debt woes.
Governor Schwarzenegger is enacting "terrible" budget cuts.
But forming a public bank would be the best option to save California from Greece's fate. See this, this and this.
Look, these are SECULAR sources pretty much agreeing with one another that the current economic crisis in this country is NOTHING compared to what's coming. They are telling us that simply based on the handwriting that's on the wall. Folks, even though they might not realize it themselves, we know how very right they are in their grave assessment because it connects PRECISELY with what the Holy Bible tells us about the end times.
Ladies and gentlemen, we're seeing so many clear signs converging all at once that God is no longer inching us closer to His prophesied end, but racing us toward the start of the Tribulation.
Now is the time to get your spiritual house in order.
Share|
1 Comments:
I think the black horse is past the gate and is running the race!!!
I half expected "Super Saver" the Kentucky Derby winner to be a black horse!! Ironically, Super Saver was beaten in the Arkansas Derby by "Line of David".
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