AMERICA  HAS  FALLEN
.. Prophecy:  Our Businesses Are Folding:
The day is very soon coming when the banks will say, "Sorry, but we do not cash checks," and you will have to wait ten days to see if the check can be cashed at all.  That will be the time frame it will take for companies to  FIND  the money to be  ABLE  to honor the checks they have written.  Just after that, these companies will fold.  (Vince Diehl 11-12-08)

DISASTER IS LOOMING:
On November 11, 2008 our own major network news stated that there is no way our economy will survive without General Motors.  If you won't listen to us, please listen to the National news closely, and notice that GM is not expected to survive beyond the end of the year.

You may laugh at the idea, but understand that the reasons why businesses are folding is because this nation that lives under God's name neglected to observe his Law of Jubilee, where debt is forgiven and written off every seven years.  This law in practice would make lending tighter as lenders would be careful not to lend to those looking for a free ride, or practicing out of control economics.  It also would then give a break to those companies making an honest effort to use good business practices and pay their debts, instead of trying to obtain more than their rightful share out of greed.  Those are the very people who would not want God's laws in practice.

Not only that, stockbrokers consumed with greed have bilked our economy to the point where it can no longer sustain itself, resulting in an entire parade of investment companies, brokerage firms, and banks failing in the last six months.  Even the President has recently stated that we are just days away from a total economic collapse with a Depression following that will be far worse than the Depression of 1929,  if the government's bail-out plan fails.

All because America has allowed our banking executives and brokerage firms to conspire to have people who were not in a financial position to even afford a home, to buy one, and agree to variable loans where these firms can later increase the interest rates.  Thinking that their homeowners would pay just any amount to remain in their homes, and that they would have no choice but to pay what was due according to the homeowners' contracts with the banks, the bank execs went ahead and "adjusted" the interest rates to outrageous amounts to line their own pockets.  Blinded by greed, bank executives and brokers did not predict that many, instead of paying, would seek to place their homes in FORECLOSURE, which started the chain reaction that blew these crooked bankers and brokers ILLEGAL scheme out of the water.  Instead, what the bankers and brokers succeeded in doing was to literally destroy America's entire economy just to satisfy their greed, which was all an absolute Criminal Offense against humanity from the start..
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Now, here's the sequence of unfortunate events stemming from the foreclosure crisis created by banks and brokerage firms, who did not get the interest rates they were hoping to collect, but instead received defaults on the loans:

March 2008:  America's FIFTH LARGEST INVESTMENT BANK, sold for only two cents on the dollar.. The U.S. Government bailed out Bear Stearns by loaning the JPMorgan bank the money to buy the entire company, building and all, for just two pennies on the dollar.

The F.D.I.C. has ninety banks on its list of "problem" banks that could well be subject to failure.
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April 2008: America's LARGEST COMMERCIAL BANK entity, City-Group has suffered over a Fifteen Billion Dollar Loss in the last six months alone.
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June 2008:  The FDIC's list of banks that might fail rose to 117..
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It was also announced that the failure of the Indy-Mac Bank and other bank failures in the second quarter reduced the federal deposit insurance fund by eight billion dollars, from $53 billion to $45 billion; or, by about fifteen percent..

http://finance.comcast.net/www/news.html?x=http://www.origin.comcast.akadns.net/data/news/2008/08/26/1043656.xml

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JUST SIX MORE BANK FAILURES THE SIZE OF INDY-MAC AND THE FDIC WILL BE OUT OF INSURANCE MONEY,.AND THE GUARANTEE THAT ANY ACCOUNT YOU HAVE IN A BANK UP TO $100,000 WILL BE COVERED GOES OUT THE WINDOW, BECAUSE THE FDIC WILL BE BROKE !!

July 2008: Two weeks after the FDIC seized the Indy-Mac bank, it seized two more banks, and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year.
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August 2008:  The Columbian Bank and Trust Company closed, being the ninth U.S. bank to fail this year as falling home prices take their toll on financial institutions.
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September 2008:  The World's LARGEST BROKERAGE FIRM,  Merrill Lynch Company, was bought out by Bank of America for pennies on the dollar.
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September 2008: After paying their CEO's TWENTY THREE MILLION dollars in severence fees so they could fire them after doing such a horrendous job of managing AMERICA'S LARGEST FINANCIAL INSTITUTIONS, the U.S. government stepped in with an "ambitious" plan to help rescue mortgage finance giants Fannie Mae and Freddie Mac..

http://www.npr.org/templates/story/story.php?storyId=94407500

Please note that because of these crooked bankers and brokers scheme to sell a new home to anyone who can make a phone call saying they want one, they have caused our home building industry to "OVER BUILD" new houses, and have flooded the market.

Having "overbuilt" new homes, we are now in a situation where we have over a million vacant homes, with many of those that are not vacant worth about half of what the average owner once paid for them.

No nation that is producing more goods than its people can afford to buy can survive. Its jobs will disappear, and its people will starve.  Which is the exact position America now finds itself in.  Moreover, because our industry is more vast than any other nation on earth, the collapse of America's economy will simply come quicker, and much more spontaneously.  When it happens it will take place over night.

And unless the housing industry recovers,  America's  ECONOMY cannot possibly recover !!  The FEDS themselves have said so.

Fannie and Freddie are crucial to America’s housing market.
Announcing a "rescue plan" in Washington, Mr Paulson said: “It is necessary to take action. Our economy and our markets will not recover until the bulk of this housing correction is behind us.. Fannie Mae and Freddie Mac are critical to turning the corner on housing.”

President Bush said the two struggling companies had posed an “unacceptable risk” to the financial system. “Allowing the companies to fail or further deteriorate would damage our home mortgage market, and could weaken other credit markets,” he said in a statement.
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It should be pointed out that regardless whether you are financing a home or a car, etc., your loan may well be repackaged by either Fannie Mae or Freddie Mac, and sold to "some" investor whose name may, or may not,  (ever) be made available to you.

Someone is going to have to buy up the million or so homes.

The take over of Fannie Mae and Freddie Mac is nothing but an effort to buy some time, to hopefully come up with a plan to prevent America's economical bubble from finally bursting, and causing you, and I, and every other American from waking up some morning to the headline "America's Economy Has Totally Collapsed, and we are in the worst economic DEPRESSION in all history."
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Meanwhile:
Washington Mutual, the WORLD'S LARGEST INSURANCE COMPANY,
has lost 94% of its stock value over the last year.

Lehman Brothers, whose stock one year ago sold for $65.00 a share, is now selling for twenty-one cents a share, causing this one hundred and fifty year old firm to declare bankruptcy..

http://finance.comcast.net/www/news.html?x=http://www.origin.comcast.akadns.net/data/news/2008/09/16/1060469.xml

In addition to the above, consider the following!
Thirteen BILLION dollars each month goes to finance the Iraq war;

We are losing jobs at a rate approaching 100,000 a MONTH; and

One out of every ten homeowners in America are either presently in foreclosure, or are seriously behind in making their mortgage payments.
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Our economy is faltering; and we as Americans are on the brink.., it's up to YOU to prepare!.

 

THE GREED PARADE DOWN WALL STREET HAS FINALLY EXPLODED IN THE FACE OF EVERY AMERICAN, AND ALL OUT DEPRESSION IS JUST AROUND THE CORNER.
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Due to pure unadulterated, unchecked, demonic GREED, America's entire economy will collapse before George W. Bush leaves office as president.

America the great has fallen, fallen, it has become the habitation of devils, a hold for every foul spirit,. and a cage for every unclean and hateful scavanger (entrepreneur)..

(Vince Diehl, April 15, 2007):  I predict that before George W. Bush leaves office on January 20, 2009:.  You,. we,. all of us,. will wake up some morning to the headline,. "America's economy has collapsed, and the world has entered into a depression that is far more complicated,.far more severe,. than the crash of 1929.".

.© Copyright 2007, America In Prophecy, all rights reserved ©

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