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Discussion Forum : News and Current Events : The Financial Collapse Continues - Foreclosures Up 65% In April!

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MandM
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Joined: 2008/4/28
Posts: 24


 The Financial Collapse Continues - Foreclosures Up 65% In April!

The Financial Collapse Continues - Foreclosures Up 65% In April!

How in the world do foreclosures increase by 65 percent? Does anyone still doubt that the economy is starting to collapse?

Have any of you lost your homes? This is getting really scary:

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Source: http://shatteredparadigm.blogspot.com/2008/05/paying-for-our-greed-foreclosures-up-65.html

Foreclosures in the United States set another all time record in April, increasing over 65 percent from the same time period a year ago.

This is yet another indication that the biggest debt bubble in the history of the world is starting to burst.

For decades we have lived like kings and queens.....enjoying the biggest party the world has ever known.....but financed with ever increasing amounts of debt.

Now it looks like the party is over.

Once upon a time, the United States was the biggest creditor in the world. But those days are long gone. Now we are the biggest debtor nation to ever exist on the earth.

We were the richest nation in the world, but that was not enough for us. We always had to have a bigger car, a bigger house and an endless supply of "stuff". So our government piled up debt, our companies gorged on debt, and we made using credit cards into a national pastime.

Spending our own money wasn't even enough. We spent the money of our children, and of our grandchildren, and of their children, and now the national debt is more than 9 TRILLION dollars.....an amount that we will never be able to repay. And if you include the future liabilities that our government has committed us to such as future Social Security and Medicare payments, then the total is over 59 TRILLION dollars.

Now that many of our jobs have gone overseas, the price of gasoline is shooting through the roof, and people are losing their homes, do we find that Americans are learning their lesson?

No.

Instead we are squeezing everything we can out of our plastic. Total credit card debt in America is now over 790 billion dollars, and it is increasing at a rate which is four times faster than earlier this decade.

Instead of showing restraint, we have jammed the accelerator to the floor.....

(Article continues at source referenced above)

 2008/5/14 16:05Profile
hmmhmm
Member



Joined: 2006/1/31
Posts: 4991
Sweden

 Re: The Financial Collapse Continues - Foreclosures Up 65% In April!

Dan 1:2 And [b]the Lord gave[/b] Jehoiakim king of Judah into his hand, with part of the vessels of the house of God: which he carried into the land of Shinar to the house of his god; and he brought the vessels into the treasure house of his god.


God gave nations away before, he even gave away his elect children to babylon, the coming judgment and chaos that are coming is going to be worked out for good by god

may we be ready

May we stand as daniels in a corrupted babylon for the one true god.




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 2008/5/14 16:18Profile
Tears_of_joy
Member



Joined: 2003/10/30
Posts: 1554


 Re:

Quote:

hmmhmm wrote:
May we stand as daniels in a corrupted babylon for the one true god.



Brother, last night I was reading this:

[u][b]Jeremiah 51:6-7[/u][/b] (NASB)

Flee from the midst of Babylon, [b]And each of you save his life![/b] Do not be destroyed in her punishment, For this is the LORD'S time of vengeance; He is going to render recompense to her.

Babylon has been a golden cup in the hand of the LORD, [b]Intoxicating all the earth.[/b] The nations have drunk of her wine; Therefore the nations are going [b]mad[/b].

 2008/5/14 17:27Profile









 Re:

Quote:

hmmhmm wrote:
May we stand as daniels in a corrupted babylon for the one true god.



A lot of us are still in Babylon, but it is my belief that we should not remain there. Babylon is going to fall when God's final judgment comes upon it. May we be safe "outside the gates of the city" so that we don't suffer there at the hand of God:

Rev 18:4 And I heard another voice from heaven saying, "Come out of her, my people, lest you share in her sins, and lest you receive of her plagues.

It is a time for a new exodus of the people of God. And many of us are not ready to leave. Others don't want to leave because they will miss the Babylonian enchantments. Those that obey the Lord, keeping their hearts and hands clean, and by faith come out of Babylon and into the wilderness, leaving all temporal security behind and hoping only in the Lord's direction and provision, I believe God will spare. But upon those who have trusted in the riches and splendor and provision of Babylon too long, there will come great trouble. May we be found sealed by God in those perilous times ahead of us, so that we are among the wise who foresee the coming disaster and hide in due time.

 2008/5/14 17:48









 Re:

Quote:

NotMe wrote:
Quote:

hmmhmm wrote:
May we stand as daniels in a corrupted babylon for the one true god.



A lot of us are still in Babylon, but it is my belief that we should not remain there.




Amen

 2008/5/14 17:51
hmmhmm
Member



Joined: 2006/1/31
Posts: 4991
Sweden

 Re:

a possible scenario?

[url=http://video.google.com/videoplay?docid=3702181847213988991]"The Crash"[/url]


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 2008/5/14 17:58Profile





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