Today the Dow dropped to 1997 level; It's setting new lows daily.
It went down to 7149.91.
Citicorp and Bank Of America Stocks are down to barely $2 and $3, per share respectively.
What does all this mean?
What does it indicate?
Well, the Administration has been denying that it will 'nationalize' the banking giants. Yet, Citicorp is facing more government intervention. Something that could amount to the government owning up to 40% of Citicorp's stock value. If this doesn't equate to 'nationalizing' of the bank; I don't know what does?
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. .Revelation 13:17.
(To get the full impact of this fact please read verses 11-18.)
What my Bible points out in Revelation 13, is that the conditions that we see before us have the potential of becoming the end time despotic regime that will impede God's Remnant faithful few from buying and selling; And, will begin this restrictive practice here in the USA, then to continue the Globalization process, impose the same standards worldwide.
The conditions are ripe. The fig tree is full of the 'ripe' fruit ready to be picked.
This can, and may possibly be the beginning of the end as President Obama, half-jokingly called the passing of his humongous Economic Stimulus Package.
Some may call me paranoid, or an alarmist; But, how can you call someone paranoid who's seeing all the pieces falling into place before their very eyes? Just like every other sober minded individual who is observing the times that match the prophecies in the Bible. The signs are all around us: failing financial institutions, a call for consolidation of governments, a call for tolerance for all religions (for now), escalation and preponderance of wars, earthquakes and volcanoes menacing, wicked natural disasters; We can see that a change is coming, but, not the one some expect.
If Citicorp is 'nationalized' that would mean the nation's largest bank would cease from being so; That would make the Federal Government the administrator of the nation's credit lines. Bank of America, the second largest would be the largest 'private bank'. From what I have come to know about Bank Of America, it is already controlled; not by our government, but, by the Jesuits who supposedly own 51% of the stocks of BOA. So, the situation is similar to a check mate in a chess game (I don't play Chess). The next move will be a strategic one. We wait, and watch, and pray. Come Lord, Amen!
Arsenio.