The one commandment that begins with "Remember" has been forgotten

A Great Economic Depression
is Coming!

Are you ready?

This may lead into the Mark of the Beast showdown

(Below are accurate notes taken from a presentation he gave.  No recording allowed in the meeting)

I attended the presentation today, Nov. 8, 2008, at the _____________ SDA church by ____ Walsh, CEO of __________.  He reportedly has many years of managing tech companies, and does a lot of work for the US government, and has had numerous security clearances and insider contacts with Washington DC officials, thus he does not widely talk about what is coming to America.  In fact, he told us he was called into the pentagon recently during the Georgia crisis when Russia invaded.  He is the husband of _____________ who is on SDA TV.                   
                                                 
His talk today was entitled, "The Financial Crisis...Is the World trapped?"  These are my notes from his talk--it is very sobering.
 
This is what is expected to occur in the next few weeks and months--a great depression.  The world-wide markets almost collapsed 6 times in the past few months--almost totally evaporated!
 
All the world's debt far exceeds all the assets in the world.  There is 1400 trillion dollars of world debt, but only 53 trillion dollars of world GNP (Gross National Product).  The stock market has lost 8.3 trillion in past year.  The true amount wiped out of 401K's this year is 5 trillion dollars. 
 
Alan Greenspan said to lenders to give a lot of credit no matter what.  In 2004 they started running out of buyers, so they increased the subprime lending & hedge funds to keep the economy going.  Many bought into this--401K's, pensions, foreign governments.  The leverage was 100:1  ($100 debt to $1 asset).  In late 2005? things started collapsing, huge losses, $700 trillion dollars.  In 2006 governments realized this huge problem and hired experts to try to find a solution, but haven't been able to.  Then in 2007 the credit crunch hit--institutions didn't trust each other, were afraid the other institution would go bankrupt & so wouldn't lend to each other.  In Aug. 2007 "Northern Rock" ? bank in England went bankrupt.  In Feb. 2008 England nationalized banks.
 
This became the biggest crisis for the National Security Council here & abroad.  The G-7 countries (The 7 largest economic nations) met.  They said we have a crisis.  Behr Sterns went bankrupt.  Mar. 13, 100's of trillions of leverage w/ Behr Sterns & ----?  In Aug.  Donald Trump said the banks have no money!  Housing & commercial projects are frozen--no money.  The Velocity of money (money changing hands) in Nov. 07 was the slowest in history.  Congress passed the stimulus check legislation to try to get our economy going. 
 
We are now in the world's largest deflationary period in history.  Huge decline in values.  All leaders in the world of cities, states, countries are all worried whether they will even be around in 6 months.  All governors have now been told not to have any press conferences telling of their dire circumstances.  The government has now given 950 billion dollars to cities & states to try to keep them afloat.  This is money that was not voted on/approved by us.  They have also given billions to General Motors and Goodyear.  There are 2000 companies asking for financial help, and saying that they are faced with laying off 40% of their employees.  Large commercial companies told by Paulson to come directly to him for help. 250 billion. China called for a new world currency in Aug. 08 when our legislatures delayed on the 750 billion bail-out package, devaluing the dollar.  Our economy is still melting down.  From 8/08 to 9/22/08 trillions of $ have evaporated.  There is virtually no money in the banks.  Read 9th volume of the Testimonies, p. 11:  "We are living in the time of the end.  The fast-fulfilling signs of the times declare that the coming of Christ is near at hand....Great changes are soon to take place in our world, and the final movements will be rapid ones."
 
Many countries' markets are open only 50% of the time to try to keep the markets from falling so low--Russia is one of them.  The Russian Mob is going broke.  The destruction of demand for products is the largest in the world.  World-wide shipping is down 47 1/2 %--almost half of the ships are sitting idle. (And railroads)  Tens of thousands of factories in China have been shut down this year.  The economists and governments don't see any turn-around.  Rev. 18:11 "And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore."  The G-7 & the G-20 consulted 2 weeks ago, and plan to meet again for a world-wide meeting in November in the U.S.  Every leader in the world is frightened to death.  This meeting is all about how to do stimulus packages world-wide to stimulate the economy.
 
OUR LIFE AS WE NOW KNOW IT IS OVER.  We will have to learn that we can get by on just 4 things--shelter, food, clothing, and a bath.  There will be virtually no credit available.  The party is over.  We have used credit and have been spoiled.  We must now live simply.  Many will lose their homes.
 
Production by General Motors is down 45%, Volvo trucks down 96%.  (25% is beyond depression levels.)  The # of people looking for work is 11.8%, this will double.  There will be 1930's unemployment levels.   Business for restaurants is down 50%, dry cleaners 45%.  There were 106,000 people & businesses filing for bankruptcies last month--the highest in history.  Paulson said last week that we are now in a deep recession.  Mr. Walsh said we are going into a depression, and estimates the stock market will drop 4000 points.  There will be a lot of collective anger in our country and in the world.  9Testimonies p. 13:  "Those who hold the reins of government are not able to solve the problem of moral corruption, poverty, pauperism, and increasing crime.  THEY ARE STRUGGLING IN VAIN TO PLACE BUSINESS OPERATIONS ON A MORE SECURE BASIS."   This depression is expected to last 10-15 years.  He suggests you put your 401K's into safe treasury bills, money market accounts, CD's.  He suggests to read the book by Jim Rogers, who on 10/10/08 said we are headed for a "massive inflation holocaust".   There has been a big decline in the value of the dollar, and the government is now printing lots of dollars. 
 
There will be a scarcity of agricultural commodities--FOOD!    There will be a scarcity of many things--if you need a replacement for the engine of your snow blower, you might not get it, etc. 
 
Read Rev. 10:8-10 and study the 2520 year prophecy which our pioneers taught.  (He showed a copy of their early 1844 poster). 
 
There will be a major shortage of food.  There will be martial law.  If this happens in the city where you are, stay safe where you are.  Don't try to get home to your family for 2-3 days when things are calmer.  You may be killed if you get near a mob.  Have each family member prepared to stay safe where they are for 2-3 days.  He believes there will be rationing and then they will dictate where you can spend your money.
 
Be calm, study the prophecies with others, and when unbelievers see your calmness (because you know how this ends) they will come to you for guidance.  Matthew 24: 12, 13, 14
 
A 10,000 foot financial tidal wave is coming.  Read Daniel 11:40, 41, 43; and Rev. 13:17, 18.  This is where we are.  Another 7-9 million people are expected to lose their homes.  30 million homes are now worth less than what the owners owe.  
You need to be thinking as a family of a plan as to how you will survive.
 Sept 9, 2008 the Pope issued a statement calling for Sunday worship.
 
Read CW 41 p.1.  We are to be students of prophecy.  He believes we are near the 4th angel of Revelation.  Read Prov. 28:19 and Prov. 3:9,10.  Matthew 24. 

end of notes
 
( Mr. Walsh’s presentation has only been offered at two previous venues. )

www.mountainmediaministries.org Independent SDA group with DVD’s and CD updates

www.backwoodshome.com Primitive living ideas

www.lehmans.com Tools and supplies. Amish

www.beprepared.com Food in #10 size cans for 7-10 year storage of freeze dried or dehydrated

www.survivalacres.com Food in #10 size cans for 7-10 year storage

Some foods can last a long time right off the grocery store shelves, such as pasta and canned sauce, 20 lb bags of rice, white flour, sugar, beans and lintels, peanut butter, shortening for greasing pans. Wheat berry can be purchased in large bags and will last for years, and can be found at your county coop, and when needed, it can be ground into flour using a mill, like that at beprepared.com. For making bread, one can purchase freeze dried yeast in bulk for later usage. Freeze dried food is tastier than dehydrated. When storing up seeds to use in later years, only open pollinated seeds or heirloom seeds should be purchased. See www.seedsavers.org www.rhshumway.com Most seeds available are only good for one growing season.

Water is another necessity. If you have a well, spring or creek nearby this will be helpful. Otherwise, one may have to store up drinking water. A good water purifier is the Big Berkey, found on-line at beprepared.com.  

Are others predicting a great depression?

Watch video here of Gerald Celente: 
http://www.youtube.com/watch?v=46MEqEgdLTg
 

November 13th, 2008 » Posted in Financial collapse, dangers at 8:50 pm

The George Washington blog has compiled a list of quotes attesting to Celente’s accuracy as a trend forecaster.

Full Article http://www.prisonplanet.com/celente-predicts-revolution-food-riots-tax-rebellions-by-2012.html