Stocks sold off as China suffered a cash crunch,
Pastor Lindsey Williams received two emails recently from his elite warning about a Lehman Brothers like Crash happening in China that could mean global collapse.
Email #1:
'A
large Chinese bank just last night ran out of liquidity and was bailed
out by the government. Furthermore: "The seven-day repo rate, the
benchmark rate for funding costs between banks, surged to 12.33%
Thursday afternoon from the 8.26% rate at Wednesday's close. It had
averaged around 3.30% this year before the liquidity crunch began at the
end of last month." This is the same phenomenon that occurred globally
in September 2008.'
Email #2:
'The U.S. market has
DECLINED over the past month, the Japanese stock market has recently
dropped 20%, the U.S. bond market sold-off, gold (GLD) is down 20%
year-to-date (YTD), Chinese stocks (FXI) have fallen 19.69% YTD,
emerging markets stocks (EEM) have depreciated 11.3% IN THE LAST MONTH,
copper—a premiere asset considered to indicate growth or contraction,
has contracted 18% YTD, etc... Investors should not ignore this massive
deflation in global markets and assets.' Pastor
Williams also spoke with his elite friend on Thursday 13th June 2013
and said "Some very significant things are happening in the Derivative
market and with interest rate and gold, at this time." After pressing
the issue he stated "As for gold -- J.P. Morgan announced yesterday that
their vault gold has dropped by 28.4 % over night. Nations are
demanding physical delivery. Within a month and a half JP Morgan
estimates their vault will run out (Be empty) Other vaults are probably
running out also. WHAT HAPPENS THEN? Startling when supply dries up.
This has many of us very concerned. Be sure that everything you own is
in your posession. Crash -- I don't know. Be ready for a public
reaction. Interest rates are the greatest factor controling the
Derivative market. This could be violent".
Please take warning, Pastor Williams said he doesn't know how far this will go, hope for the best but prepare for the worst.
A broken clock is right twice a day. Let's just take up a collection for Lindsey so he doesn't have to sell those rehashed DVDs anymore.
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