11.09.26 - 12 Giant U.S. Banks Vulnerable to Disaster
Summary:
The fragility of American banks can no longer be hidden.
Imagine this scenario …
The largest economy in the world is on the brink of a financial meltdown that could make the debt debacle of 2008 seem small by comparison.
Its giant banks are buried in bad loans and vulnerable to failure.
Its central government is paralyzed.
Chaos looms.
A Desperate Meeting
One weekend, in a last-ditch attempt to avoid disaster, top finance officials — representing 117 countries and six billion souls — come together and meet.
The officials engage in intense — sometimes frantic — debate. They explore every possible solution known to modern man, plus some that are still not known.
But they’re stumped. They come up with no new ideas.
That’s when the highest finance official of the world’s second-largest economy speaks.
He can barely mask his frustration — and fear — as he calls for massive, unprecedented steps to stem a domino-like series of defaults.
He cites words such as “cascading default, bank runs, and catastrophic risk.” And he bluntly tells the group that time is running out!
But when the meeting adjourns, nothing has been done; no decisions have been made. Instead, the finance officials fly home to the far corners of the globe. They go home to their families. And secretly, they pray the financial collapse does not destroy modern society as we know it.
Unbelievable? Then Consider This…
This was not a fictional scenario. It actually happened EXACTLY as I just described — THIS past weekend!
The economy on the brink of financial meltdown is the European Union. With a GDP nearly $2 trillion larger than the GDP of the United States, it is clearly the biggest economy in the world.
The giant European banks buried in bad loans include France’s Crédit Agricole and Société Générale. With $3.6 trillion in assets between them, they are the largest in the world.
And the high finance official who issued the doomsday warning is none other than U.S. Treasury Secretary Timothy Geithner.
Science Deceptions
Media Deceptions
Reformation
Spiritual Deceptions
Health Deceptions
Is there evidence for Creation science? How does it compare to evolution? The following articles give insight in to these questions and more.
The Big Bang Theory
How Can We See Stars That Are Billions Of Light Years Away?
Creation and Evolution: Is Compromise Possible?
The Rise of Evolutionary Thinking
Geocentricity: It's Time to Face the Facts
Earth's History: Conflicting Paradigms
Lamarck Proposes Natural Selection
Age Of The Earth Is Carbon-Dating Accurate?
Flood Chronology
How Can We See Stars That Are Billions Of Light Years Away?
Creation and Evolution: Is Compromise Possible?
The Rise of Evolutionary Thinking
Geocentricity: It's Time to Face the Facts
Earth's History: Conflicting Paradigms
Lamarck Proposes Natural Selection
Age Of The Earth Is Carbon-Dating Accurate?
Flood Chronology
Can we understand the age of the earth by depth of rocks? What other theory could the evidence reveal?
What does the fossil record show us? Is it all random or a defined science that we can understand? Where does evolution fit? Uncover mysteries in the history of the Earth.
As we study the genome, the molecule, and the atom, we see a vast network of intricate systems beyond our understanding. Were these systems really formed by chance?
How did this world change from the perfection depicted in Genesis to a world full of thorns, thistles, parasites, and death? If God made everything perfect, how could it have all been so changed?
Archaeology and prophecy have proven the Bible to be true. But what's so special about the Bible that makes it a point of so much controversy?
Music is a powerful emotional motivator.
What is the system of worship found most often in our society? Does it glorify God?
Research has shown that our sensitivity to stimuli reduces itself yearly by about 1%. Is your brain hibernating?
Beware of the television's abilities to hypnotize, alter moods, and even cause depression.
Like music and movies, video games are addictive and can cause behavioral problems.
Read proof that throughout the Roman Church's history, the Papacy has often claimed that the Pope is divine.
Learn what people throughout history have had to say on the reputation, history, and political nature of the Jesuit Order.
The oppression of Protestants is widespread and consistent throughout history.
It was once written in America's oldest Catholic newspaper, the Boston Pilot, that "No good government can exist without religion, and there can be no religion without an Inquisition, which is wisely designed for the promotion and protection of the true faith.”
Read several authors' thoughts on papal Rome's history.
Read several authors' thoughts on papal Rome's history.
The historian Ranke says this about Protestant-Catholic relations: "In the year 1617, everything betokened a decisive conflict between them. The Catholic party appears to have felt itself the superior. At all events it was the first to take up arms."
This article highlights quotes from historical and Catholic sources proving the Papacy's aggressive nature.
This article highlights quotes from historical and Catholic sources proving the Papacy's aggressive nature.
Would the world be a safer place without Christian fundamentalism?
Language can be used to communicate both truth and lies. Learn about the religious doublespeak being used to pull the wool over the eyes of the world.
Is there a spiritual dimension to the battle about genetic modification in the agriculture industry?
Read this classic work by Ellen G. White.
The Destruction of Jerusalem
Persecution in the First Centuries
An Era of Spiritual Darkness The Waldenses
John Wycliffe Huss and Jerome
Luther's Separation From Rome
Luther Before the Diet The Swiss Reformer
Progress of Reform in Germany
Protest of the Princes The French Reformation
The Netherlands and Scandinavia
Later English Reformers
The Bible and the French Revolution
The Pilgrim Fathers Heralds of the Morning
An American Reformer Light Through Darkness
A Great Religious Awakening A Warning Rejected
Prophecies Fulfilled What is the Sanctuary?
In the Holy of Holies God's Law Immutable
A Work of Reform Modern Revivals
Facing Life's Record The Origin of Evil
Enmity Between Man and Satan
Agency of Evil Spirits Snares of Satan
The First Great Deception
Can Our Dead Speak to Us?
Liberty of Conscience Threatened
The Impending Conflict
The Scriptures a Safeguard The Final Warning
The Time of Trouble God's People Delivered
Desolation of the Earth The Controversy Ended
Persecution in the First Centuries
An Era of Spiritual Darkness The Waldenses
John Wycliffe Huss and Jerome
Luther's Separation From Rome
Luther Before the Diet The Swiss Reformer
Progress of Reform in Germany
Protest of the Princes The French Reformation
The Netherlands and Scandinavia
Later English Reformers
The Bible and the French Revolution
The Pilgrim Fathers Heralds of the Morning
An American Reformer Light Through Darkness
A Great Religious Awakening A Warning Rejected
Prophecies Fulfilled What is the Sanctuary?
In the Holy of Holies God's Law Immutable
A Work of Reform Modern Revivals
Facing Life's Record The Origin of Evil
Enmity Between Man and Satan
Agency of Evil Spirits Snares of Satan
The First Great Deception
Can Our Dead Speak to Us?
Liberty of Conscience Threatened
The Impending Conflict
The Scriptures a Safeguard The Final Warning
The Time of Trouble God's People Delivered
Desolation of the Earth The Controversy Ended
If archaeology and prophecy have proven the Bible to be true, then why is it a point of so much controversy?
Consider the crucial points of the Christian life with author Wendy Goubej.
Did God create sin? If not, where did it come from?
Have you taken a day to recreate lately?
Is there more to death than the fact that it is the opposite of life?
Are miraculous signs the best way to be sure that God exists?
The greatest deceptions are still being formed in society today. Secret international alliances, the mark of the Beast, the New Age, and other issues are discussed.
How will Christ return, and what will it mean for His people?
Learn about the Bible's prophecies on God's judgment, deliverance, Armageddon, and the earth made new.
Learn from Paul as he teaches the Corinthian Church about spiritual gifts.
Since the beginning of time, God has communicated timely messages to the inhabitants of planet Earth. It all started in Eden, with the first Gospel announcement.
Dive into prophecy and history in this chapter-by-chapter commentary of the book of Daniel.
Join us on a journey through the pages of this letter from Christ to His people.
The Chiastic Structure of Revelation
Is Revelation a Sealed Book?
Revelation 1 Commentary
Revelation 1: Jesus, The Heart of Revelation
Revelation 2 Commentary
Revelation 2-3: Letters to Seven Churches
Revelation 3 Commentary
The Lamb and the Sealed Book
Revelation 4 Commentary
Revelation 5 Commentary
Revelation 6 Commentary
Revelation 7 Commentary
Revelation 8 Commentary
Revelation 9 Commentary
Revelation 10 Commentary
Revelation 11 Commentary
Revelation 12 Commentary
Revelation 13 Commentary
Revelation 14 Commentary
Revelation 15 Commentary
Revelation 16 Commentary
Revelation 17 Commentary
Revelation 18 Commentary
Revelation 19 Commentary
Revelation 20 Commentary
Revelation 21 Commentary
Revelation 22 Commentary
Is Revelation a Sealed Book?
Revelation 1 Commentary
Revelation 1: Jesus, The Heart of Revelation
Revelation 2 Commentary
Revelation 2-3: Letters to Seven Churches
Revelation 3 Commentary
The Lamb and the Sealed Book
Revelation 4 Commentary
Revelation 5 Commentary
Revelation 6 Commentary
Revelation 7 Commentary
Revelation 8 Commentary
Revelation 9 Commentary
Revelation 10 Commentary
Revelation 11 Commentary
Revelation 12 Commentary
Revelation 13 Commentary
Revelation 14 Commentary
Revelation 15 Commentary
Revelation 16 Commentary
Revelation 17 Commentary
Revelation 18 Commentary
Revelation 19 Commentary
Revelation 20 Commentary
Revelation 21 Commentary
Revelation 22 Commentary
Excitotoxins cause physical and spiritual destruction. Learn about the main types of exitotoxins and what can be done to avoid them.
Reports show that red wine may be beneficial to heart health. Is that a good enough reason to start drinking alcohol?
Get the truth about lactose, calcium, and the need for caution around dairy products.
Today's meat and dairy industries are focused on profit rather than health.
The agriculture industry is fast becoming reliant on genetically modified foods. Learn the facts about GMOs and the effects this trend is having on health worldwide.
Most of the bread products consumed today are made of refined grains. Are our breakfast cereals and "fortified" loaves as healthy as we like to think?
Do the stimulating benefits of coffee really outweigh the costs?
Refined sugar is addictive, destructive, and devoid of any nutritional value. Why does it continue to be a staple food across the world?
Smoking leads to massive amounts of sickness and death every year. Can you beat the nicotine?
From mammograms to prescription drugs, the modern medical industry is always presenting a new way to diagnose and solve health issues. But are these new treatments really healing anything?
Find practical ideas for dealing with depression in these articles about symptoms and treatments.
We are surrounded by unhealthy foods, unwise practices, and even harmful medical advice. Learn how to overcome these obstacles and choose a healthy lifestyle.
These graphs and tables can help you jumpstart your health routine.
Knowledge
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