How America Will Fall
Joseph Herrin (6-3-2004)
Isaiah 26:4-5
“Trust in Yahweh forever, for in the GOD Yahweh, we have an everlasting Rock. For He has brought low those who dwell on high, the unassailable city; He lays it low, He lays it low to the ground, He casts it to the dust.”
America has long considered herself to be as an unassailable city, but with the events of 9-11-2001 this illusion has begun to unravel. The events of 9-11 were merely a warning, and much more dire things are to come. In several articles written about the significance of 9-11 I spoke of the symbolism of the specific attacks that occurred on that calamitous day. The greatest destruction, and most complete, occurred to the World Trade Towers. These towers were situated at the corner of Church and Liberty Streets in New York. It is for two main reasons that God will bring judgment to America. The church is asleep, and in her liberty America has cast off all restraint and has become as Sodom and Gomorrah.
Just yesterday I was appalled by an article I came across on CNN.
Philadelphia Launches Gay Ad Campaign
PHILADELPHIA, Pennsylvania (AP) -- A new TV ad campaign featuring a same-sex couple in colonial costume invites gay tourists to come to the City of Brotherly Love, and a gay media group said it's the first time a television commercial for a U.S. tourist destination has targeted homosexuals.
The 30-second spot, which was scheduled to air for the first time Wednesday night in Philadelphia, and will be seen around the country, ends with the tag line: "Come to Philadelphia. Get your history straight and your nightlife gay."
The commercial will play on channels such as Bravo, MTV, VH1 and Style in Comcast Corp. cable markets nationwide. Comcast is the country's largest cable company with 21.5 million subscribers.
"This is an invitation, that you (homosexuals) are welcome here, because of what Philadelphia is and what Philadelphia has to offer, and because we have a strong gay community," said Meryl Levitz, president and chief executive of the Greater Philadelphia Tourism Marketing Corp., which is sponsoring the ad campaign.
"And we're not saying it's a gay destination; it's a gay-friendly destination..."
A man in the commercial is seen writing a letter by candlelight to his "dearest beloved" and asks to meet at Independence Hall. Once at the hall, he rebuffs an interested female and gives his bouquet of flowers to his male partner...
It is significant that Philadelphia was once the capital of America, and it is where the Declaration of Independence was drafted and signed. America traces much of its heritage to this city, and the image of Philadelphia is inextricably tied to the image of America. Now this city is seeking to attract greater numbers of homosexuals as it depicts itself as a “gay friendly” destination. One shrinks from trying to imagine what abominations the phrase “Get... your nightlife gay” actually includes. God has revealed by the mouths of prophets and apostles that ALL such activity is an abomination to Him and will not go unpunished.
Leviticus 18:22
“You shall not lie with a male as one lies with a female; it is an abomination.”
Leviticus 20:13
“If there is a man who lies with a male as those who lie with a woman, both of them have committed a detestable act; they shall surely be put to death. Their bloodguiltiness is upon them.”
How did something God calls an abomination come to be accepted, and even promoted, in a nation that has heard so much of the preaching of the gospel of Christ? The apostle Paul tells us the steps that lead to such depravity.
Romans 1:21-27
For even though they knew God, they did not honor Him as God or give thanks, but they became futile in their speculations, and their foolish heart was darkened... Therefore God gave them over in the lusts of their hearts to impurity, so that their bodies would be dishonored among them. For they exchanged the truth of God for a lie, and worshiped and served the creature rather than the Creator, who is blessed forever. Amen. For this reason God gave them over to degrading passions; for their women exchanged the natural function for that which is unnatural, and in the same way also the men abandoned the natural function of the woman and burned in their desire toward one another, men with men committing indecent acts and receiving in their own persons the due penalty of their error.
America is already under judgment, for God has given her people over to degrading passions. Men and women are abandoning the natural relation and sexual order God has established in the creation. Like blinded beasts they are burning with passion for their own sex, committing indecent acts with one another that violate the holy order of God, and they transgress against the proper course of nature. Because of this they receive in their own persons the due penalty of their error.
Recently I witnessed another low water mark in America’s moral decline as I saw an ad on television for the drug Valtrex which is offered as a treatment for genital herpes. A young woman is seen cavorting with a male as the dialogue speaks of taking back one’s days and living life as one desires. (See the website: www.valtrex.com) According to an article from Forbes magazine, “An estimated 22 percent of Americans have herpes simplex virus type 2, the most common cause of genital herpes, with an estimated 1.6 million new cases acquired each year... HSV-2 tends to recur six or more times a year.” These numbers are staggering and they reveal the extent to which immorality and sexual impurity has become the norm for America.
This new drug is supposed to reduce the recurrences of herpes so that a person can remain sexually active and not have their pursuit of pleasure hindered in any way. The phrase “I am taking back my days” and “I have genital herpes, but with Valtrex I spend my days how I want to” are similar to the phrase “Get... your nightlife gay” in that great sin and depravity are cloaked in language that make what is being sold seem attractive and desirable. America is declaring, “I spend my days how I want to”, and this is an expression of ungodly liberty. I am reminded that the World Trade Towers were on Liberty Street. Has God not given America a warning which she has rejected and despised. Instead of repenting she has become more brazen.
Revelation 2:21-22
"I gave her time to repent, and she does not want to repent of her immorality. Behold, I will throw her on a bed of sickness, and those who commit adultery with her into great tribulation...”
It is Great Tribulation that is coming! If Sodom were to exist today would the advertisements found in her homes and businesses be any different? Dmitru Duduman wrote of God showing him various cities and states in America and hearing the words, “This is Sodom.” One should tremble when considering the judgment that came upon that proud city in a single moment of time.
The events of 9-11 reveal the judgment that is to come to America. As devastating as the occurrences of that day were, they are only a small fraction of the horror and devastation, the panic and chaos that are to come. In the destruction of the two towers that bore the name “World Trade” is seen the collapse of America’s economy. America’s economic might are what give her such great standing in the world today. Yet, like the Towers, America’s legs will be broken and she will be brought low suddenly, and with great finality. This sign was repeated in the story of Jessica Lynch who hailed from Palestine, West Virginia, who had both of her legs broken and whose symbolism is spoken of in the article “The Sign of Jessica Lynch” (available upon request).
Again, God sent more warnings in the destruction of the space shuttle Columbia. Columbia is the female personification of America, and Columbia was seen to disintegrate over Palestine, Texas. America has added to her judgment by seeking to create a Palestinian state out of land that Yahweh promised to Abraham’s descendants. By doing so America has incurred the wrath of God.
Deuteronomy 27:17
“Cursed is he who moves his neighbor's boundary mark.' And all the people shall say, ‘Amen.’”
Hosea 5:10
The princes of Judah have become like those who move a boundary; on them I will pour out My wrath like water.
A further testimony to the judgment of America is the sudden reversal and disintegration of the Columbia Glacier in Alaska. Many of these things are tied into the issue of oil and America’s insatiable appetite for it. (Links to all of these articles can be found at the end of this writing.)
Recently the Spirit of Yahweh has revealed to me what will be the cause of America’s economic collapse. In a fitting judgment, the very oil that she has lusted after will be wielded as a weapon to strike at the heart of her economy. This lust for oil has led America to oppress various people and nations while sacrificing her own sons and daughters in wars to preserve the flow of oil. The war in Iraq has never been about weapons of mass destruction, it has been about oil. In an article in the Christian Science Monitor that appeared some months before the start of hostilities in Iraq we read the following:
Rumblings of an Arab oil embargo
Jittery memories of 1973 loom over US as Mideast crisis escalates, gas prices rise, and Iraq urges cutoff of oil.
By Ron Scherer | Staff writer of The Christian Science Monitor
NEW YORK - Could the world be about to face a real-life sequel: Oil Embargo II?
The prospect of oil prices being driven by the deployment of Israeli tanks and the future of Yasser Arafat may be moving closer. In a development reminiscent of 1973, when Arab nations embargoed oil to the US and gas lines suddenly snaked for blocks throughout the nation, Iraq and Iran are trying to rally Gulf support for again using the denial of oil as a geopolitical weapon against the US and other industrialized nations.
The effect of a new embargo could be severe. Oil prices are already at a six-month high of $28 per barrel – rising almost $2 in just one day this week. A price of $30 per barrel might cause an "oil shock" strong enough to stall the nascent US economic recovery, some economists believe.
So far, most other members of the Organization of the Petroleum Exporting Countries (OPEC) have reacted coolly to the idea.
Still, given the volatile nature of the conflict in the Middle East, it might be premature to just assume the OPEC spigot will remain open. Aspects of the current situation are disturbingly close to those of 1973.
"Certainly the elements are similar – the great uncertainty, anger, and inability of the Arabs to do anything," says Rachel Bronson, a senior fellow at the Council on Foreign Relations in New York. "The Arab world feels considerable impotence."
There has been no evidence of any weapons of mass destruction found in Iraq. Neither was Iraq directly linked to the terrorism that occurred on 9-11, for all of the identified hijackers were Saudi Arabian. None were identified as Iraqis. The reason for the war in Iraq has been from the beginning an attempt to secure a sure and steady supply of oil for America. The events described in the article above are terrifying to those whose aim is to keep America prosperous. Saddam Hussein was making a threat and seeking to stir support for an action that could have brought America to her knees. Oil is truly a weapon, and Saddam was threatening America with this weapon. In a similar article from Reuters News Service we read:
Tuesday, 2 April, 2002, 15:01 GMT 16:01 UK
Oil surges on Iraqi supply threat
Iraq plans to cut oil output regardless of support
The price of oil has jumped to a six-month high after escalating Israeli-Palestinian violence, and an Iraqi proposal to stop exports to the US. Iraq called on all Arab producers to stop oil supplies to the US.
A barrel of benchmark Brent crude oil surged to $26.69 a barrel from $25.92 last Thursday, after the London market was shut for a four-day Easter holiday...
The markets seized on comments by Iranian Foreign Minister Kamal Kharazi that the Iraqi proposal for Arab countries to stop supplies would be "effective if all Muslim countries would take such a decision"...
Iran, the second biggest exporter in the Opec producers' cartel, had responded cautiously to the Iraqi proposal.
"The first thing is to put pressure on the US," Mr Kharazi told Reuters on the sidelines of the Organisation of the Islamic Conference (OIC) meeting in Kuala Lumpur.
"If they decide to use oil as a weapon certainly Iran will consider it," he said...
There are many people among the various Arab oil exporting nations that would like to see the power of America shattered. The Arab people have seen before that using oil as a weapon is the greatest way in which they can stab at the heart of America. In 1973 the Arab nations used oil as a weapon in response to America’s support of Israel in the Yom Kippur war. Immediately following the defeat of the Arab militaries, the Arab nations placed an embargo on oil to America to punish her. The result was devastating to America, but not as much as it would be if it were to be done again today. Following is a brief history of the 1973 oil embargo that reveals what a threat this weapon is.
The Arab Oil Embargo of 1973-74
Brian Trumbore
President/Editor, StocksandNews.com
With the recent turmoil in the Middle East, there has been increased talk of the possibility for an Arab oil embargo against the U.S. and other supporters of Israel. While for various reasons I don't currently believe this will come to pass, it is a good time to take another look at the embargo of 1973-74. Following is a piece I first did back on July, 2000 in this spot. I have added a few minor points, otherwise, it is as originally written.
Before there was an OPEC (the Organization of Petroleum Exporting Countries), the great oil companies of the West ruled the roost. Oil is the lifeblood of the industrialized nations. It is used in planes, cars, tanks, skyscrapers, fertilizer, drugs and synthetics. Yet back before the days of OPEC, the great oil companies often retained 65% or more of the revenue from a product that was produced on someone else's property. Then in 1960, many of the oil producing nations, from both the Middle East and elsewhere, formed a cartel to protect their interests.
[Currently, OPEC is comprised of Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. Large non-OPEC producers such as Mexico, Norway and Russia sometimes go along with the cartel position of the day.]
The goal of OPEC was to present a common front in negotiations with the giant oil companies, which themselves worked closely together. OPEC set the stage for a new process in which the producer nations would eventually take over the functions of the companies, at least in production, and retain much more of the revenues. But OPEC really had little impact from its founding in 1960 until 1973. Then all hell broke loose.
In 1973, the U.S. and the Western world were in the midst of an inflationary spiral. The world had become highly vulnerable to commodity cartels, as twenty years of prosperity and accelerating population growth had created heavy demand for raw materials. In the U.S., consumer prices were rising at an 8.5% clip, while inflation rates in other nations were often much higher. The demand for Middle Eastern oil had been increasing throughout the industrialized world and the needs of these countries grew far faster than production. OPEC was growing stronger and it was determined to increase its share of the profits.
President Nixon, as part of his ill-fated price control program, had slapped controls on oil in March 1973. The U.S., which had been self-sufficient in energy as recently as 1950, was now importing some 35% of its energy needs. U.S. petroleum reserves were nearly gone. Governments, corporations and individuals were entirely unprepared for what would happen next.
On October 6, 1973, the Jewish holy day of Yom Kippur, Egyptian forces attacked Israel from across the Suez Canal, while at the same time Syrian troops were flooding the Golan Heights in a surprise offensive. After early losses, Israeli counterattacks quickly pushed into Syrian territory in the north, as troops outflanked the Egyptian army in the south. Israel, with help from the U.S., succeeded in reversing the Arab gains and a cease-fire was concluded in November. But on October 17, OPEC struck back against the West by imposing an oil embargo on the U.S., while increasing prices by 70% to America's Western European allies. Overnight, the price of a barrel of oil to these nations rose from $3 to $5.11. [In January 1974, they raised it further to $11.65.] The U.S. and the Netherlands, in particular, were singled out for their support of Israel in the war.
When OPEC announced the sharp price rise, the shock waves were immediate. Industrial democracies, accustomed to uninterrupted sources of cheap, imported oil, were suddenly at the mercy of a modern Arab nationalism, standing up to American oil companies that had once held their countries in a vise grip. Many of these "new" Arabs were Harvard educated and familiar with the ways of the West, and to many Americans it was impossible to understand how their standard of living was now being held hostage to obscure border clashes in strange parts of the world.
The embargo in the U.S. came at a time when 85% of American workers drove to their places of employment each day. Suddenly, President Nixon had to set the nation on a course of voluntary rationing. He called upon homeowners to turn down their thermostats and for companies to trim work hours. Gas stations were asked to hold their sales to a max of ten gallons per customer.
In the month of November 1973, Nixon proposed an extension of Daylight Savings Time and a total ban on the sale of gasoline on Sunday's. [Both were later approved by Congress.] But the biggest legislative initiative was the approval by Congress on November 13 of a Trans-Alaskan oil pipeline, designed to supply 2,000,000 barrels of oil a day. [This was completed in 1977. See any parallels to today's fight over the Arctic National Wildlife Refuge?]
A severe recession hit much of the Western world, including the U.S., and as gasoline lines snaked their way around city blocks and tempers flared (the price at the pump had risen from 30 cents a gallon to about $1.20 at the height of the crisis)...
How did Wall Street respond? Well, as you might imagine shares in oil stocks performed well as profits soared, but the rest of the market swooned 15% between 10/17/73 and the end of November. [The Dow Jones fell from 962 to 822.] This ended up being the middle of the great bear market that would see the Dow go from its 1/11/73 high of 1051 to 577 by 12/6/74, a whopping 45% decline over nearly two years.
As for the embargo, the Arabs lifted it against the U.S. on March 18, 1974. The Dow then stood at 874.
Why do I think that the Arab nations will use this weapon against America again? For some months now the Holy Spirit has been bringing to mind a book I read as a teenager called “Dune”. In more recent years this book has been made into a movie. In fact, it has been made into a movie twice. This book by the now deceased Frank Herbert, though science fiction, is a highly prophetic tale of how the Arab people will be able to wrest back control of their oil from global corporations and nations such as America. I did not see this book as prophetic until the past few months when the types and symbols of the book suddenly became clear to me. It occurred to me that if counsel were to be given to the President of the United States and his staff as to what to expect in the near future that they should be advised to read this book. I recently sent out an article called “The Prescience of Frank Herbert”. I am going to include a portion of it here:
In 1898 author Morgan Robertson wrote a book called “The Wreck of the Titan” that spoke of a luxurious ocean liner named The Titan hitting an iceberg and sinking on a run between New York and England. Fourteen years later this fictional scenario became a reality when the HMS Titanic struck an iceberg on its maiden voyage between the same two locations. Many have wondered about the prescience (foreknowledge) of Morgan Robertson. His short book reached a new popularity after the Titanic disaster. To my knowledge Mr. Robertson made no claim to Christian belief, and did not know that his book would be prophetic.
For some months now I have been considering a book by another author who also is not known as a Christian author. He was a writer of Science Fiction before his death some years back, but I also see a prescience in his writing, and I believe we are about to see played out some events that bear a striking resemblance to the things he wrote. The author is Frank Herbert and the book is called “Dune”.
In the book “Dune” Frank Herbert has created a fictional universe where interplanetary travel exists. Dune is the name given to a planet that contains the most precious resource in the Universe, the spice called melange. Melange has certain properties that make it highly prized. It is a geriatric spice, extending life. It is also used by the Spacing Guild to bring their navigators into a heightened mental state where they are able to “fold space”, traveling enormous distances very quickly with their huge space ships.
I did not understand until recently that Frank Herbert had modeled the planet Dune, and its highly prized resource after the Arab nations and their oil. Even as the spice melange was used to extend life, so too is petroleum used in a multitude of pharmaceuticals that are used to heal and extend life for millions. As the spice melange was necessary for travel, so is our present world dependent upon Arab oil for travel as planes, automobiles, trains, and ships all run on petroleum products. It was obvious that the inhabitants of Dune were modeled after the Arab nations, for the planet itself is described as a dry waterless planet where sand covers the surface. Many Arabic terms are used to describe the inhabitants and their life and customs.
In the fictional landscape that Frank Herbert created the entire Universe covets the spice that comes from Dune, and foreign powers have set up rule over the planet to extract the spice for their own ends. In a very similar scenario the Arab nations and their oil have long been controlled by external nations and global corporations that covet the oil buried under their sands.
What is significant, and I believe prescient, is the following. The native inhabitants of Dune were underestimated in their ability to have any affect upon the flow of the spice melange. A leader arises who declares “He who can destroy a thing, controls a thing.” A policy is instituted by these native people to disrupt and cripple the mining of the spice. While the leaders of the planetary empire and all of its industrial guilds are declaring “The spice must flow”, these native people end up bringing serious disruptions to its flow.
It has been on my mind that Frank Herbert had foreseen in his book a way for the Arab people to take back control of their oil and reassert themselves into a place of power. The way is to begin to disrupt the flow of the oil which the world covets. Those who are antagonistic toward the U.S. are working hard to sabotage the oil pipelines and disrupt the flow of oil out of Iraq. The situation is such that America finds herself unable to extricate herself from the region and is instead having to send an ever increasing number of troops to Iraq while continually extending the time of deployment of present troops. Those who seek to sabotage the flow of oil are now spreading their activities beyond the borders of Iraq. Just yesterday a Reuters article declared the following:
Light crude price rises sharply after weekend attacks by militants in Saudi Arabia left 22 dead.
June 1, 2004: 4:32 PM EDT
NEW YORK (Reuters) - U.S. oil prices surged over $2 to set successive record highs on Tuesday after an attack in Saudi Arabia by Islamic militants killed 22 people, heightening fears about political instability in the world's biggest oil exporter.
U.S. light crude closed up $2.45 at $42.33 a barrel, just five cents shy of its all-time high of $42.38 struck toward the close following an attack on Saturday by suspected al Qaeda militants on the offices of Western companies in the Saudi oil city of Khobar.
That was the highest price in 21 years of crude oil trading on the New York Mercantile Exchange, and the largest single day increase since the 1st gulf war, according to NYMEX.
The hope that the spike in oil prices was temporary seemed to be misplaced, as crude oil futures showed no indications of relief. August futures contracts were trading above $42, September, October above $41 and November futures above $40. Only December contracts were trading below $40 per barrel.
London Brent crude rose $2.20 to $38.78 a barrel.
"The security premium has been reinforced," said John Kilduff, senior vice president at Fimat USA. He was referring to the amount added to the market price of oil to reflect fears of an attack on a major oil installation, which some analysts calculate at between $5 to $9 a barrel.
Traders fear the latest incident could be the start of a concerted al Qaeda offensive to disrupt Saudi supplies at a time when oil prices are already high enough to threaten world economic growth.
A statement purporting to come from al Qaeda claiming responsibility said it had hit "American companies...that are specialized in oil and steal the wealth of Muslims."
"It's all about the Saudi story, as it looks like the attacks have the Saudi infrastructure in the crosshairs," said Nauman Barakat, senior vice president at U.S. brokers Refco.
Saudi Arabia's leaders rushed to assure the market that they were in full control after the Khobar attack, the second major strike in a month on the Saudi oil industry.
U.S. Secretary of State Colin Powell also weighed in, saying he was confident that Saudi Arabia -- which holds a quarter of global petroleum reserves -- can provide a secure oil supply despite the attack.
"I have confidence in the ability of the Saudi Arabians to continue to provide a secure flow of oil products," Powell said on Tuesday...
These statements and the events being played out in this hour are extremely reminiscent of those things Frank Herbert wrote of in the book “Dune”. I felt that the Spirit was reminding me of this connection when I went to pick up my daughter at a friend’s house a couple days ago and they had a copy of “Dune” sitting on their table. The next day the article above appeared. The Spirit is speaking to me that America will face the same situation that was faced by the Imperial powers in the book Dune. The cutting off of these oil resources will bring America’s economy to a sudden collapse.
After sending out the article about oil being used as a weapon, more than one person wrote to confirm that the Spirit was speaking the same thing to them. One man shared a dream his wife had recently had and the interpretation he was given. I will include it here as related by Glen Pickren.
Dream:
It was detailed and visual. Anita was in a house, but not one she recognized, yet she understood she lived there. I was not there and she knows her dad was there and she thought her mother was there as well. She was looking as three middle Eastern men with swords were carefully removing a beige opaque curtain which covered a wall. The curtain was not hung in the normal manner, but stitched to the wall with a horizontal seam that went across the wall just below the ceiling. The men were working quickly, but carefully and methodically with their swords to rip the seam out like a seamstress would take out the seam of garment.
She asked who are these men and was told that they held the mortgage. They could not take the property itself, but could remove everything from it. There wasn't any furniture in the room. At this she became alarmed and noticed her dad leaving to go get the police. She felt concerned and wondered what the police could do, but also how long it would take. She did not feel anxious for her physical safety, but watched fascinated by the skill and speed of the men.
End of dream.
Glen's Interpretation:
The sword is a symbol of war and judgment, and the three swords wielded by middle Eastern men represent the three weapons to be used against our home, which is America: terrorism, public opinion, and oil. The veil represents the attractive covering over our wall, or our defenses: Military might, economic power and moral authority. The veil was stitched to the wall as clothing so that the veil appeared to be the wall itself. This veil is now being deftly removed from the wall of our house. The swords are not being used in the conventional manner, to slash and kill, but to rip out the seam as a seamstress. This shows the warfare is not conventional. Our true defense, the true wall is the sovereign power of the Lord, but we only see the covering. Once the covering is removed, we will be forced to depend only on the wall of our home.
We have mortgaged our home (America) with the purchase of foreign oil which we have financed with a huge trade deficit. We pay for oil with dollars which are only backed by the credit of the United States. This is unsecured debt. There is no asset behind it. Only the ability to tax the citizens of the US. Therefore, our possessions will be taken from us in judgment, but we will keep our home. America will be humbled with a great loss to the economy, the military will be demonstrated to be powerless, and initially the world will rejoice until they feel the economic impact of our inability to buy their merchandise.
We can call for the police but we will be powerless to stop this. We can only watch and marvel at how it comes to pass.
Before Glen had shared his interpretation of the dream with me, he first asked me to share with him what I saw as the interpretation that we might compare our understanding and see if we were hearing the same thing. As I have considered this dream further I have seen some things clearer, and others a bit differently. I will relate what I now see in it. Anita actually had two dreams. The first had to do with the church, and the second with America. The first dream revealed that after a long period of darkness (days of tribulation) the church will be much smaller and found in a place other than which it was formerly found. It will also be much purer. The dream above was Anita’s second dream. Following is my understanding of it.
The fact that Anita was in a house, but not one she recognized, reveals that America in coming days will be unrecognizable from what she appeared as formerly. So much will change that people will marvel that the America of soon coming days is the same America that they once knew. That the three men were Middle Eastern, or Arabic in appearance, reveals that it will be Arab people who will be the instrument of America’s demise.
That there were three men cutting this curtain off the wall represents that one third of America’s oil will be cut off. I will share further reasons why I believe this to be the correct interpretation later in this article. Whereas America has thought to have her way in this region of the world, she will soon find that the peoples of the Middle East will have their way with her. The land of America has been covered with oil extracted from the lands of Middle Eastern people. This oil is everywhere, at gas stations, in our cars, in planes, ships, trains, in plastics, in drugs, even in the fertilizer that covers the ground of America and makes her lands so productive. This oil will be cut off even as this opaque curtain was cut off swiftly and efficiently by these Arab men in Anita’s dream.
The statement that these men hold the mortgage on America, that they cannot take the property itself, but could take everything from it reveals the following: They will not be able to take possession of the land of America, but they will be able to remove from America that which has been valuable to her. Her peace, her prosperity, her pride, her life of ease and pursuit of pleasure, all these things will be stripped away by the simple act of cutting off her oil, and this will be a quick work. The America that is left behind will be so vastly different that many will no longer recognize her even as Anita did not recognize the house she was in.
The use of the word "mortgage" in this dream is significant. According to the "Arcade Dictionary of Word Origins", the word mortgage literally means “dead pledge,” and the entry for this word states: The notion behind the word is supposedly that if the mortgagor fails to repay the loan, the property pledged as security is lost, or becomes "dead" to him or her.
Because America has failed to obey God's terms for her to continue in her position of great stature, of wealth, comfort, peace and strength, all these things will become "dead" to America. Her house will be left to her as a desolation and she will become a byword and a sign of hissing.
Anita’s first dream reveals that a long dark period lies ahead for America, and the church in America. During this period of time many, even most, will fall away from the church and a much smaller remnant will be found at the end of this long dark road. However, these things are for good, for that church of Christ whose profession has been very light (without substance) will be glorious and Christ will be honored through this purified remnant.
(End of interpretation)
Though Glen and I understand some details of the dream differently, we agree in the overall message that the coming devastating events in America will come at the hands of an Arab people. The war they will wage will be unconventional even as using oil as a weapon in the 1973 war against Israel was an unconventional, albeit very potent, tactic. Glen Pickren’s background is in the world of finance, and he shared the following thoughts with me.
I believe you are right on in your observation that we become vulnerable by disruption of the oil supply at the source which is completely vulnerable. We can already see that an Islamic revolution is in place THERE, not just here or in Europe. Now, let me share some economic information that you probably are not aware of to show you just how vulnerable we are.
In the 70's and 80's we witnessed the complete destruction of the Savings and Loan industry in this country. This was triggered by the 1973 oil embargo which produced inflation. The inflation produced a rapid rise in interest rates after decades of stability. In 1971 thirty year mortgage rates (the only kind available) were 7.00%, higher than today. Mortgages on real estate were by today's standards underwritten very conservatively. Conventional loans were 80% or less of value. The only high ratio loans were FHA and VA loans. The qualifying income was based ONLY on the husband's income and the mortgage payment rarely exceeded 25% of the husband's gross monthly income. Total debt, including car payments, did not exceed 33% of the husband's income. In those days the majority of people did not have credit cards, or, if they did, they very rarely had significant balances on them. It was more common to see store accounts such as Sears, but these rarely had large balances. One reason was that the payments on revolving debt were generally 5% of the balance and such high payments discouraged excessive use.
Savings account rates were regulated by the government at 4.00%, so with 7.00% rates there was a comfortable spread, but US Treasury Rates were not regulated but fluctuated with market demand. Therefore, when the Treasury Rates exceeded 4.00% depositors would begin withdrawing their money from banks and S & L's and buying Treasuries. The banks and S & L's would then rapidly raise mortgage rates with the objective of reducing the volume of loans because they would no longer have sufficient funds to close them.
Triggered by the oil embargo in 1973, we began to have a series of housing recessions caused by "tight money" in 1973 and 1975. So when Jimmy Carter got elected in 1976, his administration deregulated savings rates and allowed banks to match the Treasury Rates and allowed the S & L's to pay 1/4% more. Later, the rates were completely deregulated so that banks and S & L's could compete with each other and pay whatever rates they needed to attract funds.
Well, someone apparently forgot that the S & L's had huge loan portfolios of fixed rate mortgage loans that had average yield just over 7.00%. So as they bid up their savings rates in the late 70's you had average rates paid of over 9,00% vs. earned of close to 7.00%. They were upside down. They called it negative portfolio yield. I would call it "kiss your business goodbye." So the bottom line is that the government played around with the regulations trying to avoid responsibility for the mess they had caused and we had the "S & L Crisis" in which almost the entire industry disappeared at a loss to the government insured deposits of hundreds of billions of dollars. (About $500 billion according to some estimates.)
This brings us to today. Whereas prior to the 90's there were no lenders in the country that had any significant market share the industry is now dominated by around 10 mega lenders servicing trillions of dollars in loans. Until the last few years, most of these loans were financed by mortgage backed securities which were sold on Wall Street rather than being held in bank’s investment portfolios. However, with declining rates many banks have gotten greedy and are holding these loans. Further, many of the largest banks are holding massive amounts of mortgage backed securities. Therefore, they are in a similar situation to where the S & L's were in the 70's. Savings rates are fully deregulated and there is a gigantic pool of fixed rate mortgages which are less than 6.00%. An oil embargo, or any other such disruption causing inflation, will panic the bond market and there will begin to be a massive selloff except for one problem -- there will be no one to buy them. No one is going to want to get caught with fixed rate investments. I am astounded that rates continue to be as low as they are with this time bomb ticking. There is a blindness in the market.
Second, unlike the 70's where we had very conservative loans, the outstanding loan portfolio today is made up of the riskiest loans imaginable. We have loans with no down payment, and for those with a down payment many have put on equity lines which consumed all of the equity. We have loans for people with no income. We have loans for people with bad credit. We have loans for people with no down payment, no income and bad credit. Every imaginable loan that could create high risk has been made. It is all propped up with rapid appreciation of housing values fueled by extremely low rates and loose underwriting.
When rates pop up the housing market will shut down. A rise to only 8.00% represents a 33% increase in payments over a 6.00% mortgage, yet we have adjustable loans being made with temporary teaser rates of less than 2.00%. When the crunch hits, all these high risk loans will disappear, thus increasing the severity of the crunch. Housing prices will fall like a stone seeking a buyer.
Unlike the 70's the banking industry is facing a two-edged sword. One is based on losses on performing loans as the portfolio goes upside down and is discounted to market. Two, foreclosure losses will become astronomical as people who cannot pay will be unable to sell their homes because they will have no equity and no buyers. None of this is new. We have experienced it all before, but never in this magnitude. This can take down the entire US financial industry.
You must understand that this modest rise I used as an example, from 6.00 to 8.00% means that bonds and mortgage backed securities would be marked down in value immediately by over 30%. This does not include corporate and government bond losses nor the foreclosure losses I speak of. This truly is a scenario for financial Armageddon and is all in place right now.
There is no place to hide but under the pinions of the Lord.
Glen
For the past couple years I have regularly read articles on the Prudent Bear website ( http://www.prudentbear.com). This is a fiscally conservative site that reports on the tremendous threats that exist in today’s current financial situation in America. To read many of these articles is very enlightening, and very sobering. What is revealed in one article after another is that America has been prolonging her days of prosperity by making debt easier and by lowering payments. The American economy has been running on an ever increasing supply of easy money that the citizens of America have been tapping into through mortgaging their homes at ever escalating prices.
The price of housing in America has been skyrocketing in the last decade. In many areas of the country year over year price increases for housing have been in the 20-30 % range. That means a house costing $100,000 dollars in January of 2000 would sell for $130,000 in January of 2001, and $169,000 in January 2002, and $220,000 in January of 2003, and $285,000 in January of 2004. I know people who have bought houses and sold them just a couple years later for a profit of nearly $100,000. What Americans are doing is living off of the equity derived from the soaring prices of their homes. At the same time they are going deeper into debt.
A may 6th posting from the Credit Bubble Bulletin stated the following:
May 6 – “The percentage of households in California able to afford a median-priced home stood at 21 percent in March, a 7 percentage-point decrease compared to the same period a year ago when the Index was at 28 percent, according to a report released today by the California Association of Realtors…The minimum household income needed to purchase a median-priced home at $428,280 in California in March was $97,340, based on a typical 30-year, fixed-rate mortgage at 5.48 percent and assuming a 20 percent downpayment. The minimum household income needed to purchase a median-priced home was up from $82,080 in March 2003…”
In one year’s time in California the number of people who can afford a median priced house has declined by 25%. (It boggles the mind that a median priced house in California is now close to half a million dollars.) This is a drastic decline in the number of potential home buyers, and it would soon spell disaster if the government did not step in. But they did step in, and we read this further note found in the same Credit Bubble Bulletin:
May 5 – Bloomberg (Bill Arthur): “First-time U.S. homebuyers will be permitted to buy a house without making a down payment, under a bill approved by a House of Representatives subcommittee. Under the ‘zero down payment’ bill, people who seek Federal Housing Administration-insured loans will be able to include the down payment and closing costs in their loan amount. Many people who can afford monthly payments in a home save for years to come up with the down payment, said Representative Robert Ney…chairman of the House Financial Services housing subcommittee… With a little help, they can get into their own home ‘ten years earlier,’ Ney said. ‘It’s good for their families and good for their communities.’ The program will assist ‘more than 150,000 families in just the first year,’ he said.”
This article reveals how desperate the situation in America is at this hour. To prolong the continued prosperity in America all the stops are being pulled out. People will be able to buy houses with no down payment and they will even be able to include the closing costs in their loan. Any pretense of having some assurance that the lender can recoup their costs have vanished. Such a system can only continue for a brief period before it bursts. It will take only another year or more for housing prices to rise so high that even those who are not making a down payment cannot afford a house. There will be no more things the government can do short of giving away money to home buyers.
As we near the end of this desperate cycle it is advisable to get rid of all debt. Bankruptcies are already at historic highs and the government is considering changing the bankruptcy laws so that there will no longer truly be any “fresh start” offered for people who have a financial collapse. Even after a bank takes back a home or a car and sells it, the person many still find themselves obligated to pay for something they no longer own, something whose price was artificially inflated by a prolonged period of easy credit.
Christian, if you are in debt, if you have bought a home in a ridiculously inflated market, I would advise you to sell now and offload your debt before the bubble bursts. Then seek God and ask Him how He would have you to live, and where. The fall will come suddenly and millions will face situations that will cause them great distress. The Spirit is leading many in this hour to disentangle themselves from this world’s systems. Those who heed will be protected in days ahead, while those who ignore the leading of the Lord will suffer.
The citizens of America are in a refinance binge where every year or two they refinance their home to withdraw more equity from it. They then use this money to continue living their extravagant lifestyles while getting ever deeper in debt. A huge bubble has been growing for many years now as this trend has gone on at a great pace. The banks in turn put pressure on home appraisers to revise the value of homes ever upward. America’s prosperity is a mere facade. It is as insubstantial as the opaque curtain hanging on the wall in Anita’s dream. It appears solid, but it is nothing but a thin fabric veneer that can easily be stripped away.
And it will be stripped away. It will also happen soon. This is what the Spirit is declaring. The economy of America appears robust and sound, but it is a mere illusion. Productivity has been dwindling. Companies have made massive layoffs in recent years. Manufacturing has been exported overseas. It has been the home builder’s market that has been booming due to easy credit and historically low interest rates. The housing boom has helped America to continue for a bit longer in her prosperity. Yet the home market cannot continue to stay at such an overheated level for home prices are becoming unaffordable to a large segment of the population. When housing busts, the entire house of cards will come crashing down. All that has been keeping the economy afloat since 9-11 is easy credit and a burgeoning consumer and corporate debt.
Federal authorities are walking a tightrope. They cannot lower interest rates any more. They are doing the last thing possible. They are eliminating the need for down payments and are even including closing costs in the risky loans they are making. If they raise interest rates they will cut off the supply of easy money and the economy will go into a tailspin. If they do not make these astounding concessions by eliminating the requirement for down payments they will also see a bust come very soon. These measures only prolong for a short period the illusion of prosperity while at the same time they will make the coming collapse infinitely worse.
We see then that if the Arabs were to do the same thing now that they did in 1973 the results would be catastrophic to America. America has no more breathing room to recover from an oil embargo, or a disruption to her oil supplies. There are other signs that the Lord has been giving that indicate that this is the very scenario that is shortly to be played out. Let me share some of them.
In August of last year God gave some astounding signs of coming judgment. On August 27th of last year Mars made its closest approach to earth in 60,000 years. In a writing at that time I noted the following:
“The planet Mars was named after the Roman god of the same name. Mars was the god of death and war. It was the practice of the Roman soldiers to meet at the temple of Mars Gradivus (“god of war”) before they went off to battle. Mars was figured as being accompanied by Fuga and Timor who were the personifications of flight and fear. The planet Mars has two moons, Phobos (Fear) and Deimos (Panic), and it has long been associated as a harbinger of death and war.”
About this same time an event happened in America that was very symbolic. It is recorded in the following news brief.
8-18-2003
Phoenix gas stations running dry after pipeline shut down
PHOENIX (AP) — Three hours after she started to search Monday, Judy Bergeron was finally able to find gas for her sport utility vehicle. She first had to visit five stations, and then wait in line for about 45 minutes at the last one.
Gasoline has become a precious commodity in Phoenix in the week and a half since safety concerns shut down a pipeline that delivers a third of the city's supply.
"I never knew that gas was going to seem like gold," said Bergeron, who paid around $2 a gallon to fill half her Ford Expedition's tank.
Motorists in the nation's sixth-largest city found stations with the pumps blocked off by yellow caution tape, or with lines that stretched a block or more. One gas station attendant called police because some patrons were getting upset and others were cutting in line...
About the time that Mars (signifying war) was approaching with its twin moons that speak of fear and panic, we saw Phoenix have its supply of gasoline cut by a third. This resulted in panic buying and fear that motorists would be able to find, or afford, fuel. That this happened in Phoenix is significant for the phoenix is a symbol of America. The founding fathers thought to make the phoenix the national bird rather than the bald eagle, and some have suggested that the bald eagle is only a image of the phoenix that was suggested to the American public. After 9-11 much was spoken of America being like the phoenix arising from the ashes of destruction, and the government even named the project to rebuild the damaged portion of the Pentagon “Project Phoenix”. Look closely at the logo for Project Phoenix and see how much it resembles a bald eagle.(See link: http://www.dod.mil/photos/Apr2002/020410-D-9880W-042.html )
Tying these things together we see that as America is seeking to rise from the ashes of destruction following 9-11 that war approaches and the result is that she runs out of gas causing the ruin of her economy. It is interesting to note that one third of the gasoline was cut off from Phoenix and America gets approximately a third of her oil from the Middle East. That there were three Arab men in Anita’s dream I believe also represents that a third of America’s oil will be cut off.
Two months after Mars made its close approach another sign in the heavens was in the news. Following is an excerpt from NASA’s website that gives details of a great sunburst that occurred on October 28, 2003.
“The third most-powerful solar flare ever observed in X-ray wavelengths erupted from Sunspot 486 early October 28, 2003, at approximately 6 a.m. Eastern Standard Time. A coronal mass ejection (CME) directed almost straight at Earth preceded the flare, sending electrically charged gas toward our planet, say NASA and European Space Agency (ESA) scientists.”
When reading this, I was struck by the fact that the scientists had identified the very Sunspot from which this giant flare had erupted. It was Sunspot 486. I sought the significance of the number 486 and I was led to the following:
Psalms 48:6
Panic seized them there,
Anguish, as of a woman in childbirth.
I am hearing the Spirit testify that great calamity is coming to America. Having her oil cut-off will result in tremendous upheaval. In the book “Dune” that I spoke of earlier the actual name of the planet that is the focus of all activity is Arrakis. This is pronounced like Iraqis. There seems to be something very prescient in the details of Frank Herbert’s book, and I believe all Americans will understand just how prophetic it is soon.
Many others, such as Dmitru Duduman, have prophesied of America experiencing nuclear attack. I do not deny that this will also happen. In fact, I believe it will, but the oil will be withheld first and the economy of America will suffer the first attack even as it was the World Trade Centers that were first struck on 9-11. Yesterday a brother sent me a link to a word that Jerry Golden had posted on his site just two days ago. It confirms the things written here.
A Vision in the Office
Posted: Tuesday, June 01, 2004
It was 2:30 AM and I couldn’t sleep, so I decided to go downstairs to my office and see if I could write an article on some things that had been on my mind. My mind however just drew a blank, so I decided to lie for a while on the couch in the office. It was then that I begin to hear from the voice I know so well. But before sharing it with you I should warn you that most of it might sound like an overactive imagination of one who stays on top of current events around the world. In fact, God and I have had a serious conversation over if I should say this was a vision. But God has clearly instructed me to tell others what I have seen, so here it is, you are the judge.
God spoke to me and said I have found your heart and efforts pleasing but you still have much to learn and I will teach you many things about my Church. The time is very near when panic and chaos will grip the hearts of men and many will die from the fear of what they are seeing. The things you are about to see are for you to tell those who will listen.
It was a Mall, where, I am not sure, but there were dead and wounded bodies scattered over a large area and as soon as I saw this I was in a different place looking down on a large gathering of a sporting event. Many were already dead and others were gasping for their breath and dying even as I looked at them. One man spoke to me, saying they have already destroyed our economy by cutting off the oil, now they want to kill all of us.
I thought I’d keep seeing this type of disaster, but to my surprise I found myself in a Church, judging from the interior and the looks and sounds I thought it must be a Baptist Church. As I sit there in the presence of God unable to speak I heard the Pastor give a short glib standard salvation message, and I watched the people who were frightened and unable to understand why all this was happening to them. Many were destitute, without food, and no way to purchase any. One man interrupted the Pastor and said why haven’t you prepared us, why haven’t you warned us? The Pastor begins to cry and the people got up and left him standing behind the pulpit. It was then I noticed an amazing thing, the Pastor fell to the floor and he was dead.
Then we were in a city center and I watched as people were looting and screaming obscenities at each other. Some were shooting and arm robbing the ones that had just stolen the goods from the store just moments before. I looked at the Bank and it was closed and people were trying to get in, but the doors were locked.
There were military troops on the streets of the larger cities and they were shooting people with impunity, no one could believe what was happening. As they ran almost aimlessly in pure panic, we followed one man to his home. He greeted his wife and two small children with, “I didn’t do any good, and I don’t know what we are going to do now.” He sits and turned on the TV and the news about Israel was on. Israel was under heavy attack and they had already destroyed Damascus. It was believed that many missiles were on the way from Iran. Egypt had launched a full-scale attack and it was feared that Syria had launched missiles with chemical and biological warheads. I turned to God and said you promised that Israel will not be destroyed again, but He reminded me that it wasn’t the end of the story and to wait and see His Word come to pass. Looking back at the TV it showed how suicide bombers had killed many all over the country and everyone was frightened to the point of not knowing where to turn for help.
It was then God showed me Believers who had bonded together and had a Pastor who had prepared them, their love for each other was obvious and many were coming to them for help. But even more important many were being drawn to them as their love was a witness for Yeshua... (end of vision)
These are things I feel impressed to share with you now. May God confirm that which is of Him and may you have ears to hear.
[All of the related articles that deal with the times of judgment and the many signs God has been giving to America have now been compiled into the book titled "Babylon Burning" which can be found here.]
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