All, I post this for your own prayers and consideration.

Proverbs 27:12 A prudent man foreseeth the evil, and hideth himself; but the simple pass on, and are punished.

The Lord gives his children warning for a reason. Seek him and do as you are led.

Here's the information from here: http://www.americaslastdays.com/wilkerson.htm

David Wilkerson's Economic Vision
Key Points to Remember About this Vision:
From the time the first country goes down, you'll have two weeks to get your money out of the bank.
America will come through this crisis---there will be a restoration.
But the nation will never be like it was before...
God is saying: Get our lives straight..Get rid of the idols...Seek the face of God in holiness...
God will be a wall of fire about you...And the glory in the midst of you!

It's about to happen---very soon, one nation, and I'm speaking prophetically--if I've ever heard anything from God in my life, I heard it ... Very soon a European or North African or Eastern nation is going to default on its international loan and when that happens, within two weeks, Mexico is going to default. Mexico owes $100 billion ---80% of it to American banks---and here's what is going to happen: about two weeks after the first country goes bankrupt, (we're going to survive that, because most of that (money of the first country) is owed to European banks---German, Swiss and French banks) but a second country is going to go down, probably Argentina or Brazil, and we'll kind of live that down and say: "Well, maybe it's not going to hurt," but two weeks after the first country goes down, Mexico's going to default on $100 billion.

And when the banks open the next day at 9 in the morning, $15 billion an hour is going to be withdrawn from our American banks -they're going to be running our banks---the Arabs---all the Latin American countries, they're going to be running our banks--and before the day is over, the U.S.A is going to have to declare a "bank holiday."

SIX MONTHS OF HORROR:

And we're going into six months of the worst hell America has ever seen---there's going to be chaos---not even the National Guard's going to be able to quiet it down---we're going to have to call out the whole U.S. Army.

Now I've had visions recently, for I've been in New York City and I was in Macy's in a vision, and I saw people walking around stunned because they couldn't get their money out of the bank.

Now I'm going to give you a word of advice, the first country goes bankrupt---I've documented this and I've got it sealed in an envelope, and I'm going to call all my friends and I'm telling you---this is the first time I've said it in a public meeting like this---but the first country that bellies up, you go get every dime you have---church get your money out of the bank--because there's going to be a 'bank holiday' and you won't be able to get a dime for six months. Now, of course, there's going to be -restored, but the nation will never be like it is again.

There's going to be fear like we've never known---judgment at the door. When I was at Macy's Dept. store in a vision and I watched people walking around stunned, they didn't know what to do, they didn't know what was happening; then a bunch of people walked into Macy's and suddenly went wild and began to steal and within an hour everybody---I saw the spirit of everybody in the store---they were robbing and stealing---they raped Macy's and destroyed five floors---Macy's was raped and ruined in a period of an hour or two.

That's just the beginning. Folks it's all in this book (the bible) ---we've been warned and warned and warned---you can't tell me God hasn't warned us. You can't tell me God isn't saying something awesome here tonight in this church...we better get our prayer life straightened up, our lives straightened up, get rid of the idols, as Paul writes, and seeking the face of God in holiness or you're not going to be ready for what's coming. God's warning, get ready and you'll not fear these things that come onto you and you'll start rejoicing, you'll not be afraid because your hands will be clean. You've been praying and God's building a wall of fire around you to keep you."

We'd like to teach you a song about God's protection. It goes like this.: "There's a wall of fire around me...There's a wall of fire between my soul and the enemy. There's a wall of fire that you can't see...Between my soul and the enemy. There's a wall of fire around me. May it be so with us all..."


CNN - May 22, 2006

MEXICO CITY (Reuters) - Mexican stocks slumped 4.03 percent Monday and the peso lost ground as a rout in commodities prices and fears about rising U.S. interest rates shook the confidence of emerging markets investors.

The IPC benchmark stock index retreated 812.85 points to close at 19,369.29 points. It was its steepest one-day drop since Sept. 19, 2002.

The peso weakened 0.77 percent to 11.27 per dollar, its lowest closing in around 14 months.

Stock markets around the world have fallen sharply in recent weeks, spooked by concerns that U.S. interest rate hikes could go further than previously expected and by a sell-off in record-high commodities.

Latin American equities have slid from recent record highs. Brazil's Bovespa has dropped over 12 per cent since May 10 and Mexico's IPC index has lost about 11 percent. Both countries currencies have also been hit hard.

"The critical question going forward for everyone is to what degree is this a correction or to what degree is this a change in tendency," said Felix Boni, head of analysis at Scotiabank's brokerage in Mexico City.

"I would also say the fact we didn't have that much of a rebound on Friday in the Dow and here in Mexico would suggest ... there is something more serious going on," Boni said.

Recent falling prices for copper, gold, oil and other commodities hurt Mexican mining stocks.

Grupo Mexico, one of the world's largest copper miners, dropped 4.07 percent to 31.80 pesos.

Cellphone operator America Movil, the most heavily weighted stock in the IPC index, plunged 6.10 percent to 19.10 pesos and its New York-traded shares weakened 6.15 percent to $34.01.

Yields on Mexico's long-term bonds rose to their highest since early April.

The yield on Mexico's peso bond maturing in 2015 rose 14 basis points to 8.83 percent and the peso bond maturing in 2024 saw its yield rise 7 basis points to 9.04 percent.

"There's a perception that emerging markets, above all Brazil and Turkey, are overvalued, and that's ... hitting us," said one bond trader in Mexico City.

gday bonomike

glad you posted that. I had lost the lkink

god bless

Interesting!

Thanks for reproducing this.

Government insured funds? Ya sure...

In David Wilkerson's prophecy, he indicates that the "first" country will default on debt to a primarily non-USA holder. I thought I'd do a bit of research. Well...I found out some interesting info on a certain country's debt.

Take a look at the $250B debt that Brazil owes the IMF in this article, pay special attention to this 3rd paragraph phrase, "if the leftist candidate wins, Brazil could default on its $250bn debt."

Link 1: http://news.bbc.co.uk/2/hi/business/2242278.stm

Now, guess who won the presidential election? Check out the following link:

Link 2: http://news.bbc.co.uk/2/hi/americas/2367025.stm

It could literally be any country that goes into default first, but a good candidate, IMO, is Brazil.

If it does, my guess is the house of debt cards will come crashing down.

May the Lord be glorified in his provision for the Saints.

In Christ,

Mike

Here's another article...The canidate in Peru they were worried about in the second paragraph got elected. This article is dated May 30th, Alan García was elected June 5th.


Default Risks in Brazil, Mexico, Peru Rising in Credit Markets


May 30 (Bloomberg) -- In Mexico, where socialist Andres Manuel Lopez Obrador is running neck-and-neck with the governing party's presidential candidate Felipe Calderon, the specter of the country defaulting on its debt is no longer unthinkable.

In Peru, the d-word already is being bandied about because the leading candidate is remembered for halting debt payments in the 1980s. Even in Brazil, where President Luiz Inacio Lula da Silva trimmed the budget deficit and cut inflation by more than half since taking office in 2003, concerns are growing.

Suddenly, the cost of insurance against the prospect of Latin American governments failing to meet obligations on $160 billion of foreign-currency debt is surging -- up 59 percent since March in Brazil alone. Many bankers say it may climb as politicians promise to spend at rates that threaten to drain government coffers as rising U.S. interest rates increase the likelihood of slower global economic growth.

``If ever there were clear signals of Latin America going back to the past, it has to be now,'' said Desmond Lachman, who spent 24 years as an International Monetary Fund economist and is now a senior fellow at the American Enterprise Institute, a Washington-based public policy research group. ``The more experienced players, they know we are skating on thin ice.''

The annual cost to insure $10 million of Brazilian bonds until 2011 using credit default swaps, or insurance that pays in the event of a default, is $174,417, and last week reached $205,762 -- the highest since January. A derivative is a financial obligation whose value is derived from underlying assets such as a stock, bond or commodity.

Chavez, Morales

Elections across the region this year are raising concerns among investors that new leaders may seek to mimic Venezuelan President Hugo Chavez or Bolivia's Evo Morales by boosting spending and seizing foreign assets.

``You have the potential for populist candidates and all immediately get concerned this may be the next Chavez,'' said Dario Pedrajo, 55, who this year founded Kapax Investment Advisers, a Miami-based emerging-market bond fund for wealthy individuals. Pedrajo says he helped start the emerging market debt trading groups at Citigroup Inc. and Merrill Lynch & Co. in the mid-1980s.

Costs for the insurance are still lower than when they soared in 2002 as Lula, whose Workers' Party advocated a default on Brazilian debt in the past, rose in the polls. At that time, the cost to insure $10 million of Brazilian bonds climbed as high as $3.9 million a year.

Bond Rally

Since then, Latin American bonds have rallied as Lula surprised investors by reducing spending and as a surge in the price of commodities the region exports, such as oil, copper, gold and soybeans, bolstered tax revenue.

Brazil's benchmark bond due 2040 rose to a record high of 133.30 cents on the dollar in February. The extra yield investors demand to hold dollar-denominated Latin American bonds instead of similar maturity U.S. Treasuries narrowed May 1 to 1.94 percentage points, the smallest on record.

Emerging-market bonds have tumbled in the past two weeks on concerns accelerating inflation in the U.S. will prompt the Federal Reserve to continue its two-year campaign of raising rates. The decline caused the yield spread for Latin American bonds to widen to 2.36 percentage points, according to indexes compiled by JPMorgan Chase & Co.

Investors also turned to credit-default swaps. The market for such contracts has grown eightfold since 2002 to $17 trillion. Michael Fuhrman, head of electronic trading at the GFI Group, the leading inter-dealer broker in the over-the-counter derivatives market, said it's difficult to estimate how much Latin America accounts for of the market.

`Nervous Investors'

The annual cost to insure $10 million of Brazilian debt surged as much as $83,500 this month to $205,762. Prices to insure a comparable amount of Mexican bonds for five years jumped to $88,182 a year from $63,821 at the beginning of the month. Brazilian credit-default swaps have become the third-most active contracts after General Motors Acceptance Corp. and Ford Motor Credit Co.

``For nervous investors looking to hedge, buying credit- default swaps is an obvious way,'' said Boris Segura, who helps manage $900 million in emerging-market debt at Standish Mellon Asset Management in Boston. He owns credit-default swaps for Brazil and has owned Peruvian credit-default swaps.

Investors have paid the price for overconfidence in Latin America before. Colombia led the region to default for the first time in 1821. Countries in the region, susceptible to the boom and bust cycle of commodities prices, defaulted again in 1850s, 1930s and then in the 1980s. Argentina reneged on $95 billion of obligations as recently as 2001.

Lula's Spending

Latin American markets tend to be roiled by elections. Before Lula was elected Brazil's president in 2002, the nation's bonds lost almost half their value on concern he would stop payments on government debt. Bondholders now worry Lula is relaxing spending limits to win re-election in October. Lopez Obrador in Mexico and Ollanta Humala in Peru are among candidates promising to step up spending.

Along with Brazil, Peru and Mexico, Latin America's second- biggest economy, elections are scheduled this year in Venezuela, Ecuador and Nicaragua. The region hasn't had so many ballots in any year since military rule ended in the 1980s.

``If there is selling going on and trouble in the market, it usually shows up in the credit-default swap markets first,'' said Christian Stracke, emerging market strategist at CreditSights Inc. in Augusta, Georgia. The cost of default insurance on Latin American bonds started rising in March, two months before bond yield spreads started increasing, according to data compiled by Bloomberg.

Peru Vote

In Brazil, spending rose 18 percent in the first three months of this year, the fastest increase since at least 2000, according to Treasury data. Part of Lula's spending increases, including a 17 percent minimum wage increase and a 7.7 billion real ($3.4 billion) plan to refinance rural debt, starts next month.

The cost of a credit-default swap on Mexican debt is near a seven-month high as Lopez Obrador, who has promised wage increases that exceed inflation and universal health care, is in a statistical tie for the lead in opinion polls. Lopez Obrador is vying with Calderon to succeed President Vicente Fox whose six- year term ends in December.

A June runoff election in Peru pits nationalist Humala, who opposes a free-trade agreement with the U.S. and wants to reduce the role of foreign oil companies, against former President Alan Garcia, who defaulted on the nation's debt in 1986.

`Extreme Levels'

In April, the annual cost of five-year default insurance on Peru's bonds surged to $249,250 on $10 million of debt after Humala won more than 30 percent of the country's first-round votes and Garcia edged out a free-market advocate, Lourdes Flores, for a spot in the runoff. Garcia's 1985-90 government was marked by runaway inflation, economic collapse and guerrilla violence. The default insurance had cost as little as $114,979 per $10 million on Feb. 27. It cost $178,218 on May 26.

Government changes in Latin America coincide with the highest U.S. interest rates since 2001, which increases the cost of servicing dollar-denominated debt for developing countries. Higher lending rates may also limit the amount that investors are prepared to borrow in order to invest in emerging markets.

``You have to ask if markets have been far too greedy and forgotten about the fact they are lending to risky situations,'' Lachman at the American Enterprise Institute said. ``As global economies slow and risk comes back, these emerging markets will get hit.''

Given the recent DOW news, this is just a friendly reminder not to put this too far back on the mind's shelf.

In Christ,

Mike

Wilkerson's prophecy which americalastdays has reproduced was first given in 1993. And way back then he said "It is just about to happen very soon". Well it didnt happen very soon. And America is ticking along just fine. The Bible says despise not prophecies. But the devil is making it very hard not to because all I ever see is false prophets laid out from one end of the earth to another instigating their prophecies of doom. Typically they are vague and plausible. Please find me a prophet who will predict something specific and distinctive and when it comes to pass I will believe.

Until then I will confine my prophetic studies to the scriptures which I know are utterly reliable. The world has seen a great many economic collapses and the end of days did not come with any of them. I put these sorts of things in the category of Luke 21:8 Take heed that ye be not deceived: for many shall come in my name, saying, I am Christ; and the time [1] draweth near: go ye not therefore after them. 9 But when ye shall hear of wars and commotions, be not terrified: for these things must first come to pass; but the end is not yet"

Dear Excubitor,...I am not a prophet,but only a student of bible prophecy.....but you wanted a sign......Then I give you Isaiah 17;1........Based on current events...you will not have very long to see this prophecy come to pass...................benny

Benny, I wish you would do some independent Bible Study. Up till now it seems that all you do is trawl through the prophecy sites and scrape out articles and paste them into these threads. I wish I could see some evidence that you question and test the predictions of the bible prophet. Isaiah 17 is absolutely nothing at all about an Israeli nuclear attack on Damascus.

Isaiah 17 along with all of these prophecies are millenial events. As I have explained repeatedly, particularly with regard to the book of Ezek, the judgement of the nations occurs AFTER Jesus Christ returns.
This is abundantly clear in the book of Isaiah.
Chapter 11 describes the righteous reign on earth of the Branch of Jesse who we know is Christ.
At that time the physiology of the animals will be changed so that lions eat grass and the nature of the animals is entirely changed. Also his people Israel are gathered from the four corners of the earth to dwell in Jerusalem. In fact a highway through the sea will be made by the Lord to enable them to pass into the land.
Chapter 12 describes the Holy One exalted in Zion in the midst of the people of Israel
Chapter 13 describes the first city to fall at the hands of Christ. Babylon which is destroyed utterly with the seventh vial which is poured out AFTER Christ's return (see Rev 16 and 17) In the story of the taking of the promised land Joshua (Yeshua) crossed over a highway (parted Jordan) and the first city to be taken was Jericho (Babylon) which was burned with fire after 7 trumpets were blown and after seven circuits (vials) were made of the city. After the fall of Jericho Joshua worked his way through the promised land over the course of the next 20 years and overthrew the various nations that dwelled in the land. This is virtually identical to what will occur when Christ returns. First of all he will utterly destroy Babylon and then he will work through and defeat all the nations around about one after the other. This is what is described in the ensuing chapters of Isaiah.
Notice that the events of Isaiah 13:6 occur DURING the Day of the Lord
"day of the Lord is at hand; it shall come as a destruction from the Almighty"
Chapter 14 Assyria overthown
Chapter 15 and 16 Destruction of Moab by the lamb who was sent to the Tabernacle of David to rule upon his throne. Notice it takes 3 years to destroy Moab.
Chapter 17 Overthrow Damascus
Chapter 18 Overthrow of Ethipia. Notice the constant references to pruning and harvest and grapes which correspond to the harvest of the earth and the winepress of God's wrath described in Revelation 19:15 And out of his mouth goeth a sharp sword, that with it he should smite the nations: and he shall rule them with a rod of iron: and he treadeth the winepress of the fierceness and wrath of Almighty God. Notice also the constant references to the presence of the Lord of Hosts dwelling in the Mount of Zion.
Chapter 19 Fascinating account of how the Lord overthrows Egypt by setting each Egyptian against his fellow. With constant droughts Zech 14 and terror from Israel Egypt finally relents and begins to serve the Lord to such an extent that God calls the people of Egypt his children. Notice it says that "the Lord will smite Egypt" and then heal it. Not from some distant locale in heaven but right here from earth, from the Mountain of Zion.

This pattern is repeated in Zechariah.
Chapter 8 " 3 Thus saith the Lord; I am returned unto Zion, and will dwell in the midst of Jerusalem: and Jerusalem shall be called a city of truth; and the mountain of the Lord of hosts the holy mountain. Notice that the Lord ACTUALLY dwells there in the middle of Jerusalem. Little boys and girls will play in the streets of Jerusalem. Old men will cross the road with their walking sticks. The Lord then speaks his desire to save his people which are scattered throughout the nations.
Chapter 9 Describes the strong nations encamped around Jerusalem (including Damascus) The people of Jerusalem rejoice because their King has come to him who is just and lowly, riding on a colt of an ---. (which is of course Christ) And then the King will subdue the nations with 15 The Lord of hosts shall defend them; and they shall devour, and subdue with sling stones (read hailstones of seventh vial Rev 16); and they shall drink, and make a noise as through wine (read winepress of Gods wrath); and they shall be filled like bowls (read 7 vials of Gods wrath poured out upon the earth, and as the corners of the altar (the angels came out of the tabernacle in heaven and from the altar Rev 15,16.
His people are lifted up as an ensign. Now an ensign is a flag or banner lifted up by the military commander in the field of battle to identify the nation. It is strictly a military term.
Chapter 10 As the nations fall, the Lord makes paths for his people to flee out of the trouble and goes into those nations on horses to gather his people and redeem them out of the nations in which they were scattered. In particular these are scattered Israelites of Ephraim, not Jews of Judah. So that Israel will once again be a united nation with Judah and Israel reconciled.

The skill of the Lord who has tracked his people throughout all the generations will bring this to pass.

Dear Excubitor,....You said that Isaiah 17 are only events during the millennium.....So How and why do you believe that Isaiah 17;1 would come to pass during the millenium, and at what point in time do you believe that this prophecy will come to pass.......The prophecy of the jews coming from the four corners of the earth is an on going prophecy, that is happening now as we speak.....But the climax of their return is when they wittness the destruction of Russia's and the arab armies. The Millenium is 1000 years of our Lord reigning on earth,Swords beaten into plowshears.....Sounds like a great time of peace to me.....But even at that time, man is still given the choice of accepting our Lord Jesus as Lord and Savior.....No one is forced to accept Him....It must be by thier own will......At the end of this 1000 yr millenium....satan is loosed one more time,...and gathers a multitude to attack the new Jerusalem,...Only to be destoyed by the Lord Himself.Now the only people that will be allowed to enter the 1000 year reign of our Lord, will only be people who survived the great tribulation, and had excepted Jesus as thier Lord and Savior......I believe that there will be people who had survived the great tribulation who had not accepted our lord, but they will be dealt with at the separation of the sheep and goats, and thrown into the lake of fire. Now during the millenium,Israel will be at peace and the Lord will sit on the thrown of David,....An interesting point is that the flag that Israel flys is the star of David..................Excubitor,....You say that Ezekial 38 is in the millenium.......You have placed Ezekial 38 in the wrong time frame.....In the late 70's....Tel Aviv was the capital of Israel....But then one day, Israel announced to the whole world that Jerusalem is now thier eternal undivided capital......When this happened the world thru the United Nations were basicly Gnashing thier teeth, refusing to recognize Jerusalem as thier capital....In a spiritual sense.....satan knew that his time was growing short............Now when you read Ezekial 38;15....It says that it will be the power from the uttermost north that will attack Israel......If you were to look at a global map and look for the capital of Israel (Jerusalem)....and draw a line due north, not moving a hair space to the left or right..(Literally)...you will find that you have drawn a line thru Moscow center for center.....another thing to take notice;...In Ezekial 38....Rosh, is instucted to be a guard to the many nations mentioned ....The word guard, translated means armorer.....This is exactly what russia is doing today. In Ezekial 38;12....We read that russia attacks to take plunder and to take booty.......In the millenium the purpose of satan is to destroy the camp of the saints, and the beloved city..........I could go on and on, but I have no need to explain further......The signs are before your very eyes, and yet you refuse to see it.....It's called the gift of discernment.....Isaiah 17;1 will come to pass before your very eyes and very very soon..........................benny

If a moderator would like to delete this entire thread, please feel free.

Thanks.

Mike

well i think that what man calls "SOON" doesnt entirely equate with what God thinks of as SOON

personally i trust wilkerson more than any other preacher.

goodness, we are so impatient with God's business, yes?

Point taken. "They that wait upon the Lord..."

I'll just keep it filed back there for reference...just in case.

In Christ,

Mike