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This is a reminder of the Tabernacles conference that we will be hosting from October 18-20 at the DoubleTree hotel on Park Place Blvd. in Minneapolis! We have held conferences there in past years. The cost for a room is $129 per night, plus appropriate taxes. Considering the inflation rate these days, this is a good price.
Keep in mind that there are two DoubleTree hotels in Minneapolis. We will be meeting at the one on Park Place just off Hwy 394 that heads west out of the downtown area.
As usual, our plan is to livestream most of the sessions. The exception is James Bruggeman, who does not want to do things live but prefers to edit the videos before making them available on his website.
Click the button below to view full details about this conference:
http://www.bloggingstocks.com/2010/06/11/george-soros-act-ii/
""The collapse of the financial system as we know it is real and the crisis is far from over." "Indeed we've just entered Act II of the drama."
What does Soros see that makes him so bearish? For one thing he believes that the financial crisis in Europe will worsen and attempts to cut budget deficits will push the global economy back into a recession.
Recessions are caused by having too much debt and not enough money in circulation. So people stop buying and try to reduce their debt load. This, in turn, removes more money from circulation, so the government usually steps in an borrows enough to make up for the people who are paying down their personal debts. These governments spend this new money into circulation until they too collapse because of having too much debt.
You see, the problem with a monetary system that is based on debt-usury is that it is impossible to ever get out of debt. The debt climbs until people can no longer borrow more money. Then when they try to cut the deficits, they create a shortage of money (i.e., a recession).
This is the fruit of the system created by the Federal Reserve Bank in 1913-14. The Fed was given the exclusive right to create money, and the government then had to borow it at interest, instead of creating it themselves interest-free. The only way to get money into circulation is for someone to borrow it at interest and spend it into circulation.
There is never enough money in cirulcation to repay what has been borrowed. Try borrowing $100 and agreeing to repay $105. The only way it can be done is if your neighbor gets another loan, putting another $100 into circulation, so you can repay part of his on your own loan. But then, what about his loan?? It seems to take a college degree in economics to conclude that the system will work just fine forever.
Eventually, it has to crash. Its ultimate demise is built in from the start. We need a Kingdom system that bans usury altogether. God did know what He was doing, but since we apparently disagreed with Him, God has let us go our own way and eventually eat the fruit of our sin.
So when governments assure people that the we are coming out of this recession, and all will soon be back on track, they are lying, unless they intend to declare a Jubilee.