Jim & Lori Bakker
Jim Bakker Show 2016 | Show# 3000 | Aired on May 24, 2016
Jim Bakker Show © 2016 • Morningside Studios
Standing in support of Israel, Jews, and believers in all the nations, in the name of Jesus (Yeshua). Sharing biblical truth, encouragement, news and prophecy.
Tuesday, May 24, 2016
A Close Look At The Rapture - Michael Snyder on The Jim Bakker Show
Jim Bakker Show 2016 | Show# 3000 | Aired on May 24, 2016
Jim Bakker Show © 2016 • Morningside Studios
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May 2016: Will Deutsche Bank Survive This Wave Of Trouble Or Will It Be The Next Lehman Brothers? - Michael Snyder THE ECONOMIC COLLAPSE BLOG
Posted: 23 May 2016 Michael Snyder THE ECONOMIC COLLAPSE BLOG
If you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on German banking giant Deutsche Bank. It is approximately three times larger than Lehman Brothers was, and if the most important bank in the strongest economy in Europe were to implode, it would instantly send shockwaves rippling across the entire planet.
Those that follow my work regularly know that I started sounding the alarm about Deutsche Bank beginning last September. Since that time, the bad news from Deutsche Bank has not stopped pouring in. They announced a loss of 6.8 billion euros for 2015, Moody’s just downgraded their debt to two levels above junk status, and they have been plagued by scandal after scandal. In recent months they have gotten into trouble for trying to rig precious metal prices, for committing “equity trading fraud” and for their dealings in mortgage-backed securities. The following comes from Zero Hedge…
At one point, it was estimated that Deutsche Bank had 64 trillion dollars worth of exposure to derivatives contracts. That is an amount of money that is approximately 16 times the size of the GDP of the entire nation of Germany.
So nobody wants to see Deutsche Bank fail. It would be a financial disaster unlike anything the world has ever experienced before.
But right now things are not looking good. As you can see from this chart, the steady decline of Deutsche Bank’s stock price is eerily similar to what happened to Lehman Brothers during the months leading up to the time when it finally completely collapsed…
Earlier this year, Deutsche Bank’s stock price set a new record low, and since that time it has been hovering just above that record low.
Clearly it is no secret that Deutsche Bank is having big problems, and the outlook for the immediate future is not good. I included the following quote from Berenberg analyst James Chappell in a previous article, but I think that it bears repeating…
Meanwhile, we just got some more very disturbing news out of Asia. According to Bloomberg, Japanese exports have now fallen for seven months in a row…
So I will repeat what I have said a number of times before…
Watch Germany and watch Japan.
I believe that they are going to be two of the biggest stories as this new global financial crisis begins to play out.
*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*
Those that follow my work regularly know that I started sounding the alarm about Deutsche Bank beginning last September. Since that time, the bad news from Deutsche Bank has not stopped pouring in. They announced a loss of 6.8 billion euros for 2015, Moody’s just downgraded their debt to two levels above junk status, and they have been plagued by scandal after scandal. In recent months they have gotten into trouble for trying to rig precious metal prices, for committing “equity trading fraud” and for their dealings in mortgage-backed securities. The following comes from Zero Hedge…
A month after admitting to rigging precious metals markets, Deutsche Bank has been hit with a double-whammy of more alleged fraudulent behavior today and the stock is sliding. First, Reuters reports that the bank took a charge of 450 million euros for “equity trading fraud,” and then Bloomberg reports that The SEC is looking into Deutsche’s post-crisis mortgage positions.This is a bank that is steadily bleeding money, and so the last thing that it needs is for government agencies to be putting immense pressure on it. Unfortunately for Deutsche Bank, the SEC seems determined to kick it while it is down…
Troubled Wall Street giant Deutsche Bank is under another investigation, this time by the Securities and Exchange Commission regarding the pricing and reporting of certain mortgage-backed securities.But even if there were no scandals and no government investigations, the truth is that Deutsche Bank would be a deeply troubled bank anyway.
The SEC wants to know whether the Frankfurt, Germany-based bank artificially raised the value of mortgage-backed securities in 2013 and later hid those losses for an extended period of time, Bloomberg first reported, citing people familiar with the matter.
At one point, it was estimated that Deutsche Bank had 64 trillion dollars worth of exposure to derivatives contracts. That is an amount of money that is approximately 16 times the size of the GDP of the entire nation of Germany.
So nobody wants to see Deutsche Bank fail. It would be a financial disaster unlike anything the world has ever experienced before.
But right now things are not looking good. As you can see from this chart, the steady decline of Deutsche Bank’s stock price is eerily similar to what happened to Lehman Brothers during the months leading up to the time when it finally completely collapsed…
Earlier this year, Deutsche Bank’s stock price set a new record low, and since that time it has been hovering just above that record low.
Clearly it is no secret that Deutsche Bank is having big problems, and the outlook for the immediate future is not good. I included the following quote from Berenberg analyst James Chappell in a previous article, but I think that it bears repeating…
Too many problems still: The biggest problem is that DBK has too much leverage. On our measures, we believe DBK is still over 40x levered. DBK can either reduce assets or increase capital to rectify this. On the first path, the markets do not exist in the size nor pricing to enable it to follow this route. Going down the second path also seems impossible at the moment, as the profitability of the core business is under pressure. Seeking outside capital is also likely to be difficult as management would likely find it hard to offer any type of return on new capital invested.In the end, I believe that Deutsche Bank will ultimately implode, but it won’t be the only one.
Meanwhile, we just got some more very disturbing news out of Asia. According to Bloomberg, Japanese exports have now fallen for seven months in a row…
Japan’s exports fell for a seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe’s efforts to revive economic growth.When your imports are 23 percent lower than they were a year earlier, that is a clear sign that consumer demand is way, way down and that your economy is in the process of imploding.
Overseas shipments declined 10.1 percent in April from a year earlier, the Ministry of Finance said on Monday. The median estimate of economists surveyed by Bloomberg was for a 9.9 percent drop. Imports fell 23.3 percent, leaving a trade surplus of 823.5 billion yen ($7.5 billion), the highest since March 2010.
So I will repeat what I have said a number of times before…
Watch Germany and watch Japan.
I believe that they are going to be two of the biggest stories as this new global financial crisis begins to play out.
*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*
Palestinian PM Praises Nazi-Aligned Muslim Leader - Israel Today Staff
Palestinian PM Praises Nazi-Aligned Muslim Leader
Tuesday, May 24, 2016 | Israel Today Staff
The prime minister of the Palestinian Authority, Rami Hamdallah, stated earlier this month that he views former Mufti of Jerusalem Haj Amin al-Husseini as a “pure-hearted son” of the “Palestinian nation.”
Hamdallah made his remarks at a conference in Ramallah where he accused Israel of trying to erase the “Arab identity” of Jerusalem.
As most are aware, Haj Amin al-Husseini, as leader of the local Arab population during World War II, infamously sided with Adolf Hitler and his Nazi regime.
Al-Husseini met numerous times with Hitler, and helped the Nazis recruit Muslim troops in the Balkan states. He also agreed with the Nazis on the extermination of all Jews in the Holy Land following Germany’s expected victory over the Allies.
Speaking at the same conference, Yusuf Ida’is, the Palestinian Authority’s minister of holy sites, declared that the Palestinians today “walk in [al-Husseini’s] path according to the instruction of President Mahmoud Abbas.”
Abbas is held aloft by Israeli and Western leaders as a “moderate” and genuine peace partner, despite his apparent continued affinity for the Nazis and what they did to the Jews.
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More Evidence of Jerusalem's Glorious Past - Israel Today Staff
More Evidence of Jerusalem's Glorious Past
Tuesday, May 24, 2016 | Israel Today Staff
The IAA excavated the former Schneller army base ahead of the planned construction of residential buildings on the site.
Various discoveries were made during the dig, including a large winery from either the Roman or Byzantine period, around 1,600 years ago. Archaeologists found a white mosaic surface surrounding a pit that was part of the wine press used to extract juice from grapes.
Eight structures around the press were probably used for storing grapes and possibly to blend wine. Archeologists surmised that the press was part of a large manor house whose residents may have traded in wine.
"Whenever one turns over a stone, ancient artifacts will be found related to Jerusalem's glorious past,” said archaeologist Alex Wiegmann, excavation director on behalf of the IAA. “The archaeological finds discovered here help paint a living, vibrant and dynamic picture of Jerusalem as it was in ancient times up until the modern era.”
Remains of a bathhouse were also found, including terra cotta pipes used to heat the bathing facility and clay bricks stamped with the title of the Tenth Roman Legion, one of the four legions that took part in the siege and destruction of Jerusalem in 70 CE. Units of the legion remained garrisoned in the city until around 300 CE.
The close proximity of the Schneller site to the International Conference Center, where the remains of a large pottery and brick production center were previously found, led archaeologists to believe that Schneller was an auxiliary to the main site.
Excavations and investigations indicate that the remains of a Jewish community at the Schneller compound dated from the late Second Temple period, around the time of Jesus.
During its more recent history, the site housed the Schneller orphanage from 1860 until World War II. During the British Mandate its German occupants were expelled and it became a military base. In 1948 it was taken over by the Haganah — the precursor to the IDF — and it later became an IDF military base that was active until it was closed in 2008.
Watch interview: Jerusalem's Glorious Past
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