Christian Message Boards: Here are a few significant examples of the seriousness of the times

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Posted by Kindgo (Member # 2) on :

Here are a few significant examples of the seriousness of the times
in America.

As we have stated many times before, when the US applies pressure on
Israel to give up her covenant land, serious things happen on the
American shores.

The Bush Administration is continuing to apply pressure on Israel to
give up her covenant land, and at the same time we are facing the
following:

· Largest drought in U.S. history is very possible, 40% of the
nation is in drought conditions

· Largest fire season in U.S. history predicted

· Continued repercussions from the largest terror event in U.S.
history

· Largest and most expensive war in US history, the War on Terror

· Largest Wall Street stock market sell-off in modern times

· Largest bankruptcy filing (WorldCom) in US corporate history

· Largest loss of market capitalization ($8 trillion) in US history,
which began in March 2000 and has accelerated recently

· A $156-billion deficit in the year, 2002, compliments of the loss
of capital gain revenue, the War on Terror and a slowing economy

· Two feared unknowns facing Wall street: the potential impact of
another national terror event and the next corporate scandal

· The loss of confidence by international investors in the US
financial markets

· The enormous losses US banks are facing via Enron, WorldCom, and
others

· Major losses and threats of greater losses occurring in the risky
financial derivatives markets worldwide (details to follow soon)

· The weakening of the US dollar to being at par or slightly weaker
than the Euro

· The slippage of President Bush's approval rating to pre-9-11 lows
(Zogby Poll)

--------

Quote referring to US Stock Markets

"Psychology has taken over here," said Phil Orlando, chief
investment officer of Value Line Asset Management, which oversees $6
billion. "The pendulum has swung far to the side of concern based on
the crisis of confidence

----

Stocks Set New 5-Year Lows on Jitters
http://news.yahoo.com/news?tmpl=story2&cid=568&ncid=749&e=1&u=/nm/20
020723/bs_nm/markets_stocks_dc_43

----
Bush disapproval at pre-attack level

http://www.msnbc.com/news/784014.asp

---

Citigroup, J.P. Morgan Marketed Enron-Type Deals to Other
Firms

http://story.news.yahoo.com/news?tmpl=story2&cid=808&ncid=808&e=8&u=
/dowjones/20020723/bs_dowjones/citigroup__j_p__morgan_marketed_enron
_type_deals_to_other_firms

------

White House criticizes Israeli raid

http://www.upi.com/view.cfm?StoryID=20020723-104750-6524r

-----

Far-reaching drought chokes much of U.S.

http://www.cnn.com/2002/WEATHER/07/22/us.drought/index.html

--
Koenig's International News - http://watch.org