Signs of the Times
Bill Koenig

July 23, 2002

Here are a few significant examples of the seriousness of the times in America.

As we have stated many times before, when the US applies pressure on Israel to give up her covenant land, serious things happen on the American shores.

The Bush Administration is continuing to apply pressure on Israel to give up her covenant land, and at the same time we are facing the following:

* Largest drought in US history is very possible, 40% of the nation is in drought conditions

* Largest fire season in US history predicted

* Continued repercussions from the largest terror event in US history

* Largest and most expensive war in US history, the War on Terror

* Largest Wall Street stock market sell-off in modern times

* Largest bankruptcy filing (WorldCom) in US corporate history

* Largest loss of market capitalization ($8 trillion) in US history, which began in March 2000 and has accelerated recently

* A $156-billion deficit in the year, 2002, compliments of the loss of capital gain revenue, the War on Terror and a slowing economy

* Two feared unknowns facing Wall street: the potential impact of another national terror event and the next corporate scandal

* The loss of confidence by international investors in the US financial markets

* The enormous losses US banks are facing via Enron, WorldCom, and others

* Major losses and threats of greater losses occurring in the risky financial derivatives markets worldwide (details to follow soon)

* The weakening of the US dollar to being at par or slightly weaker than the Euro

* The slippage of President Bush's approval rating to pre-9-11 lows (Zogby Poll)

http://www.watch.org/showart.php3?idx=31848&rtn=/articles.html&showsubj=1&mcat=1