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The Apocalypse - Letter by Letter: Does Wealth Transfer to State Portend Bigger Disaster?

The Apocalypse - Letter by Letter

Blog to discuss the book "The Apocalypse - Letter by Letter: A Literary Analysis of the Book of Revelation" and current events that point to the events described therein.

Sunday, October 05, 2008

 

Does Wealth Transfer to State Portend Bigger Disaster?

The recent "crisis" in the US financial markets, created by a state solution to home ownership for low or no income people, has led to the biggest transfer of wealth in history from private citizens to the state.

The average citizen only knew there was a crisis at all by watching television or reading the paper as the media trumpeted the government's warnings and extolled their remedy. It's been said before that in a crisis people will glady hand over civil liberties and wealth but never get it back when the crisis passes. Some have warned that such crises, created artificailly by large investment bankers, are designed to get the masses to conform to their designs.

But what exactly is afoot? It's hard to tell who's pulling the strings these days as one of the more inept presidencies in history has combined with the most corrupt Congress ever to transfer a trillion dollars to investment banks and insurance comapnies, using fear and bribes (known as pork barrel spending) to get their way.

In the meantime, for almost a year, stock prices have been in dramatic decline. The Dow Jones Industrial Average stood at over 14,000 in November of 2007. Yet despite it's steady 4,000+ point drop since that time, a comparably modest fall of 777 points was used to scare the politicians and the masses into accepting this theft of the treasury. Simultaneously, private property values have also fallen by >20% in many markets. Low income homeowners who saw their variable interest rate loans increase in cost while their property value was falling simply walked away from their mortgages back to their relatively stable expense rentals.

For those whose wealth is a combination of IRA's, 401K's, stocks and their residence, their net worth has fallen precipitously. And now with the national debt approaching 10 trillion dollars, inflation, unemployment and higher taxes are almost a sure bet.

It has been said that wealth never disappears. It is simply transferred. In the current case, the wealth is being transferred from the people to the treasury and then to investment banks. If the trend continues, there will be a depression. Amid such financial chaos, government will be able to convince people of almost any radical solution. More pressure will be put on forming larger trading blocks, economic unions of regional countries as with the EU. Civil liberties will need to be curtailed as the masses act out frustration with their diminishing resources. Pressure to limit family size through sterilization of the weak, forced contraception and abortion, and for euthanasia will increase. Gun registration and confiscation will be required.

To what end is this all going? Economic despair always paves the way for strong totalitarian leaders to emerge. They need not take power. People will gladly give it to them in exchange for better nliving standards now in the rearview mirror of memory.

Antichrist is described as the most cunning of all humans. His charisma will likewise be unsurpassed. His handler is already at work, preparing the battlefield. Look for religious and political upheavals to result from the current "crisis", ones that will amaze and cause great wonder.

Yes, something big is afoot.

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Comments:
The beast that was mortally wounded and healed = stock market/economy??
 
The beast in the Apocalypse is a composite of a succession of kingdoms. It's mortal wound was the end of the Roman Empire and emperor worship. Its "healing" is the restoration of paganism as a political force and the ascendancy of a ruler who will be more brutal and cunning than all the others of past empires. Current economic and political turnoil set the stage for such a charismatic leader to arise. Dissatisfaction by the masses creates the conditions for such a person to easily take power.
 
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