Tuesday, September 1, 2009

20-FOLD - Banking Updates - 8/31/2009

I received 20-FOLD in June 2009. Until that time, I had never received a prophetic word like it. The Lord showed me two great desolations are coming to the United States: an absolute collapse of our banking system and a great earthquake in the New Madrid seismic zone.

The first desolation will be the utter collapse of the banking system.

August 31, 2009 - Wall Street Journal, Deals for Failed Banks Puts U. S. on Hook for Billions
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August 31, 2009 - Wall Street Journal, Commercial Real Estate Lurks as Next Potential Crisis
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August 27, 2009 - Seeking Alpha, FDIC will implode as the "Too Big to Fail" Begin Failing
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August 13, 2009 - Kitco, Pressure (Countdown) Toward Breakdown

". . . The August Hat Trick Letter reports have identified five major factors pointing to a severely stressful period of time at the end of August and into September. The FDIC is scheduled to release its Second Quarter Report that could reveal up to 1000 banks expected to croak, surely enough to exhaust their rescue fund by between 20-fold and 100-fold. Tin cups are heading to the USCongress committees. The USGovt federal limit must be extended again, and Treasury Secy Geithner has requested a $12.1 trillion limit. That limit must be extended sometime again soon, like before next spring 2010. . . "

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