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Barack Obama Promises That Events In Greece And Puerto Rico Will Not Cause A Global Financial Crisis

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Barack Obama Giving Speech - Photo by Gage SkidmoreBarack Obama says that we shouldn’t be alarmed by what is happening over in Greece.  On Tuesday, he told reporters that this “is an issue primarily of concern to Europe” and that “I think the markets have properly factored in the risks involved“.  And apparently Obama is not too concerned about the debt crisis in Puerto Rico either.  In fact, the Obama administration has already completely ruled out any sort of federal bailout for the island.  Barack Obama is assuring us that everything is going to be just fine and that we are not headed for another global financial crisis.  So is he correct?  

I had to smile when I saw a Politico article today with the following headline: “Barack Obama on Greece: meh“.  While admitting that this crisis is likely to be “very painful for the Greek people”, Obama just doesn’t seem to be impressed by the threat that this crisis poses to the global financial system as a whole

President Barack Obama downplayed the threat that Greece’s debt crisis poses to the American economy, saying that the Hellenic Republic’s problems would create more woes for the European continent than the United States.

In layman’s terms, for the American people, this is not something we believe will have a major shock to the system, but obviously it’s very painful for the Greek people, and it can have a significant effect on growth rates in Europe,” which can “have a dampening effect” on global economy, the president told reporters during a joint press conference with Brazilian President Dilma Rousseff.

And Obama also told reporters that he is working with authorities over in Europe to make sure that any “bumps that occur” along the way are “smoothed out”

But should there be a so-called Grexit — or Greek exit from the European financial community — Obama added that “it is important for us that we plan for any contingency, that we work with the ECB and other international institutions to ensure that some of the bumps that occur in the financial markets are smoothed out.”

So should we trust Obama?

Do the authorities actually have everything under control?

On Tuesday, Greece became the first developed nation in decades to miss a debt payment to the IMF.  A referendum on the latest creditor proposals is scheduled in Greece for Sunday, but the government is already urging citizens to vote no.  But a no vote would almost certainly result in any future aid from the EU and the IMF being cut off, and it would also probably mean that Greece will have to leave the euro.

Meanwhile, German Chancellor Angela Merkel has said that there will be “no new talks” with Greece until after the referendum on Sunday, and she sounds like she definitely is not in the mood to offer the Greeks any new concessions.  The following comes from Bloomberg

Merkel and Hollande, who have repeatedly said they want to hold the euro together, gave the Greek premier no leeway after he broke off negotiations over future bailout aid. Hollande suggested the referendum would determine whether Greece could stay in the 19-nation euro area, while Merkel said Europe’s credibility was at stake with its response.

If the euro fails, Europe will fail,” Merkel said in a speech in Berlin. “That’s why we have to fight for these principles. We could maybe set them aside in the short term. We could maybe say we’ll just give in. But I say: in the medium and long term, we will suffer damage that way.”

Do you understand what she is saying?

Merkel knows that Italy, Spain, France and a bunch of other eurozone members are going down the exact same path that Greece has gone.

And any deal that Greece gets now will set a precedent for future negotiations with other troubled eurozone members.

So Merkel is attempting to draw a line in the sand.  But in the process, she may end up forcing Greece out of the eurozone entirely.

At this point, the odds of a deal with Greece seem so remote that many analysts are actually projecting that a “Grexit” is imminent

A Greek exit has become our base case, which means the risk premia for holding European assets are going to increase,” Hans Redeker, global head of currency strategy at Morgan Stanley, told Bloomberg News. “The European Central Bank will have to act against that.”

The Greek government continues to come up with new proposals for resolving this crisis at the last moment, but nothing seems to be working.  The following is an excerpt from a USA Today article about the bailout request that Greece submitted on Tuesday…

Greece requested a third bailout from the eurozone Tuesday in a last-ditch effort to secure a debt deal before its financial-crisis-era bailout expires and it defaults on a loan from the International Monetary Fund, one of its three international creditors.

The two-year deal, if accepted, would allow Athens a new bailout from the eurozone’s European Stability Mechanism, its $560 billion rescue fund.

As European finance ministers met Tuesday to discuss the proposal, thousands of Greeks took to the streets of Athens, many of them in support of accepting new bailout terms.

Unfortunately for the Greeks, the reaction to that proposal was tepid at best.  One journalist even stated that it looked “more like a dodgy ransom note than a loan application“.

So at this point it looks like nothing is going to get done by this weekend.

We will just await the results of the referendum and go from there.

Even though Greece missed the debt payment that was due on Tuesday, the IMF says that it will give Greece a 30 day grace period before issuing a notice of technical default.

And of course even if Greece did scrape together enough cash for this debt payment, an even larger debt payment is scheduled for next month.  On July 20th, the Greeks are supposed to hand over a payment worth approximately 3.9 billion dollars to the ECB.  Without a handout from someone, the Greeks don’t have a prayer of making that payment either.

Sadly, Greece is not an isolated case.  For example, the Italian economy has contracted by a total of 10 percent since 2008, and its debt to GDP ratio has shot up to 135 percent.  Spain and France find themselves in similar situations.

It is only a matter of time until Italy, Spain and France need the same kind of assistance that Greece has been getting, and they have far larger economies than Greece does.

And let us not forget that thanks to Barack Obama, U.S. debt is on almost the exact same trajectory as Greek debt.  The entire planet is absolutely drowning in debt, and what is happening in Greece and Puerto Rico right now is just a preview of coming attractions.

But Obama insists that we are not heading into a global financial crisis.

He promises that everything is going to be just fine and that we don’t have anything to be concerned about.

So what do you think?  Please feel free to share your thoughts by posting a comment below…

  • MIchael in Chicago

    What else could Obama say? Probably not the truth. Anyway. The Greek problem seems to be a blessing for the US Fed as they might have a new excuse to kick the can when September comes around.

  • hillsboro-nm

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  • K

    For Obama to say do not worry about the economy. Proves to me, the economy will definitely crash. As a matter of fact. I now suspect it will be even worse, than I thought.

    • kfilly

      Yes, it will be the exact opposite of what he said. I assume that with everything that comes from the government. Examples Affordable Care Act – Your insurance rates got jacked up, Patriot Act -act of treason

    • afchief

      Your right! The only time this man tells the truth is when he is going on vacation or golfing.

    • Edsword

      It reminds me of the JV team comment. He’s the opposite of a prophet. What he says, you can bet the opposite will happen.

  • GetReal4U2

    I’m from the government…and I’m here to help you…

  • Tatiana Covington

    Per the NYTimes today: “Puerto Rico has about 15 times the median bond debt [i.e., net tax-supported debt per capita] of the 50 states, according to Moody’s Investors Service.”

    15 times!!

  • “In layman’s terms, for the American people, this is not something we believe will have a major shock to the system, ” ~~~two words, JV team.

  • It always starts small, then builds into a huge wind, the light walker tries to ride on his rainbow unicorn.

  • SilvIZcash

    America can’t mention the Truth (USA is Insolvent ) to avoid any panic to buy enough time to prepare for the collapse and initiate Martial Law its time to WAKE UP

  • Chris Sky

    Obama sounds like the Greek PM who went on TV to tell Greeks “dont’ worry, everythign’s fine.. and above all your money is SAFE and SECURE in Greek banks.”…. Few hours later… banks are closed and people’s accounts are frozen and they can take a whopping 60/euro/day of “their” money.

    lesson? when government tells you “Everythign is fine”… it’s the EXACT opposite and if you do nothing to prepare… you’re a f*ckin* Greek!

  • Dan C

    “The fundamentals of the economy are strong.” – Barack Obama’s whiter brother, John McCain

    • Herman

      By “fundamentals” im sure mccain meant the 1% who control the 99% of the money

  • Nancy H

    has obama ever told the truth?no

  • iofhua

    “If you like your doctor, you can keep your doctor.” Has this abomination of a man ever said something honest, even once? I don’t think so.

    There is going to be a global financial crisis. Him saying this just convinces me of that even more.

    • Rick

      Yes he has ” Change is coming “

  • sam

    If Obama is saying not to worry about what is happening over in Europe, then we should definitely worry.

  • heather

    Luke 21:26-36King James Version (KJV)

    26 Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.

    27 And then shall they see the Son of man coming in a cloud with power and great glory.

    28 And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.

    29 And he spake to them a parable; Behold the fig tree, and all the trees;

    30 When they now shoot forth, ye see and know of your own selves that summer is now nigh at hand.

    31 So likewise ye, when ye see these things come to pass, know ye that the kingdom of God is nigh at hand.

    32 Verily I say unto you, This generation shall not pass away, till all be fulfilled.

    33 Heaven and earth shall pass away: but my words shall not pass away.

    34 And take heed to yourselves, lest at any time your hearts be overcharged with surfeiting, and drunkenness, and cares of this life, and so that day come upon you unawares.

    35 For as a snare shall it come on all them that dwell on the face of the whole earth.

    36 Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man.

    Though many scoff at us who believe, it doesn’t matter. Just imagine the look on their faces when they realize that the RAPTURE HAS JUST OCCURED many will be in total shock with a conviction that we were proclaiming the truth of the Gospel of Jesus Christ all along! Jesus Christ WHO IS KING of kings and LORD of lords is coming much sooner than many realize! The age of GRACE is soon to end and thus, the last chance to call on the Lord Jesus so that one may be saved, before being hurled into the 7 year, horrible time of tribulation, that this world has never seen!

    • Edsword

      Even so, come Lord Jesus! Amen! I can not wait to be in the Kingdom and finally have a ruler who is worthy to rule. I just hope we are still alive to see this happen.

    • rmc9

      …just imagine the look on the faces of the population swimming around the arc…or looking up at the first heavenly “fireworks display” all around Sodom & Gom. The rainbow just promised no more “judgment” by water, but…I fear there is still a fair sized stock pile of “fire & brimstone” somewhere, waiting…

      • heather

        Amen rmc9! The days are coming!

    • Mike

      Do you have a verse that states that the Rapture will happen before the Tribulation Period?

      1 Corinthians 15:51 states, “ We will not all sleep, but we will be changed in a flash, in the twinkling of an eye, AT THE LAST TRUMPET (the 7th is last trumpet, Rev. 11:15, when Jesus returns), For the trumpet will sound, the dead will be raised imperishable, and we will be
      changed.” The rapture and the second coming/resurrection are the same event. We will not escape the tribulation period but will be purified and protected through it.

      • heather

        Do you have a verse that states that the Rapture will happen when the SEVENTH ANGEL blows it’s trumpet?

        1 Thessalonians 4:15-17King James Version (KJV)
        15 For this we say unto you by the word of the Lord, that we
        which are alive and remain unto the coming of the Lord shall
        not prevent them which are asleep.

        16 FOR THE LORD HIMSELF shall descend from heaven with a shout, with the voice of the archangel, and with the TRUMP OF GOD: and the dead in Christ shall rise first:

        17 Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord.
        The verse you posted shows an angel blowing the 7th Trumpet.

        Revelation 11:15King James Version (KJV)

        15 And the seventh angel sounded; and there were great voices in heaven, saying, The kingdoms of this world arebecome the kingdoms of our Lord, and of his Christ; and he shall reign for ever and ever.

        • Mike

          I just replied to your first response (see above).
          I already gave you 1 Cor 15:51 that states the Rapture & Resurrection occur at the LAST TRUMPET.
          In my other reply I gave you 1Thess4 that states the Day of the Lord will not surprise the believers (thief in the night).
          I have more…

          • heather

            1Co 14:33 -For God is not the author of confusion, but of peace, as in all churches of the saints.

            Lets remember that when Paul said at The Last trump he wasn’t speaking about the 7th Trumpet of Revelation. It wasn’t even written when he wrote to the Corinthians.

            So ask your self, where did Paul get this last trump and when was the 1st trump ever blown?

            If you remember back in Exodus 19 when God spoke His voice was the Trumpet! This was the first time God’s voice sounded like a Trumpet.

            In Numbers 10. God instructed Moses to make 2 silver trumpets. Which are a mirror or a shadow of things in heaven.

            Silver in the bible is always a picture of salvation and redemption. If you read you will see that when they are blown they are for gathering a people. Preparing them for a journey. Also they are blown when going to war so God can save them from their enemies.

            So the 1st trump was blown for the nation of Israel to take them on a journey to the promise land.

            The last trump is for the church to gather them and take them to heaven as you will see in these next verses.

            Key verse: Rev 1:19 Write the things which thou hast seen (Rev.1), and the things which are (Rev.2-3), and the things which shall be hereafter(Rev.4-22);

            In Revelation 1, John hears a voice that sounds like a trumpet which speaks to him. He turns around to see who’s this voice is and he sees Jesus the Christ!

            Then in Rev. chapters 2-3 Jesus has a message to the Believers or churches. Some great, some good and others bad.

            To the church or believers of Thyatira in Rev 2:22 Jesus says, …Behold, I will cast her into a bed, and them that commit adultery with her into great tribulation, except they repent of their deeds.

            Jesus said the same thing in Luke 21:36 – Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man.

            Then in Revelation 4:1 Jesus the Christ calls us up with His voice. This is the Rapture taking place.

            Rev.4:1 After this I looked, and, behold, a door was opened in heaven: and the first voice which I heard was as it were of a trumpet talking with me; which said, Come up hither, and I will shew thee things which must be hereafter.

            Its as Paul said in 1 Thessalonians 4:16 – For the Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trump of God: and the dead in Christ shall rise first:

            1 Corinthians 15:52 In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed.

            Isaiah 26:20 Come, my people, enter thou into thy chambers, and shut thy doors about thee: hide thyself as it were for a little moment, until the indignation be overpast.

            This is also where Matthew 25:10 takes place.

            Then in Revelation ch. 5 you read about the church in Heaven.

            Revelation 6 through 18 is the Tribulation.

            Revelation 19 is the 2nd coming and we come back with him. (See Joel 2:16, Jude 1:14) The judgement of the nations, this is also where He separates the sheep from the goats.( See Matthew 25:32) The anti-Christ and false prophet are thrown into the lake of fire.

            Revelation 20 Satan is bound in the bottomless pit, the 1000yr reign of Christ and The Great White Throne Judgement.

            Revelation 21 The New Heaven and Earth, The New Jerusalem and The Millennial Temple.

            Revelation 22 is the Glory of God. Jesus is the Alpha & Omega, the beginning and the end, the first and the last.

      • heather

        Perhaps a good study of Revelation 4 and 5 would help. Can you tell me who this group is, seen in Revelation 4, who are wearing robes of white laiment and are casting their golden crowns at the feet of Him who sits on the throne BEFORE the 1st seal is broken?
        Where did they get these gifts of rewards?

        • Josh

          I’ve only recently begun looking into eschatology so I’m not an expert by any means, and I don’t hold to any certain interpretation yet. I see 24 elders in Rev 4 & 5 which are distinct from the “martyrs” in Rev 6:9-11 and the “multitude” in Rev 7:9-17. Whether the “martyrs” and “multitude” are the same, I’m not sure. I don’t think the 24 elders represent “believers” since one elder asks John who are the “multitude” (Rev 7:13) thereby distinguishing himself from them. On a side note, the “martyrs” of Rev 6:9-11 could be all martyrs from the beginning of time, or they could be specifically from within the tribulation, but it is certain from Rev 6:11 that more martyrs would be killed. This occurs after the 5th seal is broken, so it sounds like the Rapture hasn’t happened yet. Again, I’m not sure when the Rapture happens, so please share your insight.

          • heather

            Revelation 4 King James Version (KJV)

            4 After this I looked, and, behold, a door was opened in heaven: and the first voice which I heard was as it were of a trumpet talking with me; which said, Come up hither, and I will shew thee things which must be hereafter.

            2 And IMMEDIATELY I was in the spirit : and, behold, a throne was set in heaven, and one sat on the throne.

            3 And he that sat was to look upon like a jasper and a sardine stone : and there was a rainbow round about the throne, in sight like unto an emerald.

            4 And round about the throne were four and twenty elders sitting, CLOTHED IN WHITE RAIMENT; AND THEY HAD ON THEIR HEADS CROWNS OF GOLD.

            5 And out of the throne proceeded lightnings and thunderings and voices : and there were seven lamps of fire burning before the throne, which are the seven Spirits of God.

            6 And before the throne, there was a sea of glass like unto crystal : and in the midst of the throne, and round about the throne, were four beasts full of eyes before and behind.

            7 And the first beast was like a lion, and the second beast like a calf, and the third beast had a face as a man, and the fourth beast was like a flying eagle.

            8 And the four beasts had each of them six wings about him; and they were full of eyes within : and they rest not day and night, saying, Holy, holy, holy, Lord God Almighty, which was, and is, and is to come.

            9 And when those beasts give glory and honour and thanks to him that sat on the throne, who liveth forever and ever,

            10 The four and twenty elders fall down before him that sat on the throne, and WORSHIP HIM THAT LIVETH FOREVER AND EVER, AND CAST THEIR CROWNS BEFORE THE THRONE, saying,

            11 Thou art worthy, O Lord, to receive glory and honour and power: for thou hast created all things, and for thy pleasure THEY ARE and WERE created.

            Revelation 5 King James Version (KJV)

            5 And I saw in the right hand of him that sat on the throne a book
            written within and on the backside, sealed with seven seals.

            2 And I saw a strong angel proclaiming with a loud voice, Who is
            worthy to open the book, and to loose the seals thereof?

            3 And no man in heaven, nor in earth, neither under the earth, was
            able to open the book, neither to look thereon.

            4 And I wept much, because no man was found worthy to open
            and to read the book, neither to look thereon.

            5 And one of the elders saith unto me, Weep not: behold, the Lion
            of the tribe of Judah, the Root of David, hath prevailed to open the
            book, and to loose the seven seals thereof.

            6 And I beheld, and, lo, in the midst of the throne and of the four
            beasts, and in the midst of the elders, stood a Lamb as it had been
            slain, having seven horns and seven eyes, which are the seven
            Spirits of God sent forth into all the earth.

            7 And he came and took the book out of the right hand of him that
            sat upon the throne.

            8 And when he had taken the book, the four beasts and four and
            twenty elders fell down before the Lamb, having every one of them
            harps, and golden vials full of odours, which are the prayers of

            9 AND THEY SUNG A NEW SONG, saying, Thou art worthy to take the book, and to open the seals thereof: for thou wast slain, AND **HAST** REDEEMED US TO GOD BY THY BLOOD OUT OF EVERY KINDRED, AND TONGUE, AND PEOPLE, AND NATION;

            10 And hast made us unto our God KINGS AND PRIEST : AND WE SHALL REIGN ON THE EARTH. :

            11 And I beheld, and I heard the voice of many angels round about
            the throne and the beasts and the elders: and the number of THEM WAS TEN THOUSAND TIMES TEN THOUSAND, AND THOUSANDS OF THOUSANDS;

            12 Saying with a loud voice, Worthy is the Lamb that was slain to receive power, and riches, and wisdom, and strength, and honour, and glory, and blessing.

            13 And every creature which is in heaven, and on the earth, and under the earth, and such as are in the sea, and all that are in them, heard I saying, Blessing, and honour, and glory, and power, be unto him that sitteth upon the throne, and unto the Lamb for ever and ever.

            14 And the four beasts said, Amen. And the four and twenty elders fell down and worshipped him that liveth for ever and ever.

            I am not not trying to say that the twenty four Elders are the Church. Not at all. What I am saying is that these Elders have on white Laiment and crowns of gold. Wouldn’t they have had to appear before the Judgment Seat of Christ to have received these rewards? Revelation 19:8 And to her it was granted that she should be arrayed in fine linen, clean and white : for the fine linen is the righteousness of the saints.
            Satan is certainly the master at deceiving. Jesus told us over and over to watch for the signs of His coming. He wouldn’t command us to do something that would be impossible for us to do. How can the Church follow this command if they are dead, deep into the time of the tribulation?
            For those who hold to a mid and post tribulation rapture, is there an urgency to lead the lost to the Lord? Where would the urgency be if the Church is hurled into the tribulation anyway? This is exactly what Satan wants.

          • Josh

            A definitive case cannot be made as to the identity of the 24 elders. They could represent all believers, but it’s not conclusive. They could also represent the 12 Israelite tribes and the 12 Apostles. The latter drawing support from Matthew 19:27-28 where a distinction is implied between the immediate 12 disciples and “everyone” else:

            27 Then Peter answered and said to Him, “See, we have left all and followed You. Therefore what shall we have?”

            28 So Jesus said to them, “Assuredly I say to you, that in the regeneration, when the Son of Man sits on the throne of His glory, you who have followed Me will also sit on twelve thrones, judging the twelve tribes of Israel. 29 And everyone who has left houses or brothers or sisters or father or mother or wife or children or lands, for My name’s sake, shall receive a hundredfold, and inherit eternal life.

          • heather

            Thats right Josh, the 24 Elders could represent the 12 tribes of Israel and the 12 Apostles and I believe it is. But look at the verse where it says “they sang a new song. Who’s “they”? This is a picture of the born again believers in Jesus Christ singing the song. See the words being sung.

          • heather

            Incidentally, notice how the group that appears in heaven in Revelation 7 appears instantly AFTER the 144,000 Jewish servants are sealed? The Elders tells John they came out of the great tribulation. If they were the Church, wouldn’t John have recognized them? Notice how they have on white Laiment but NO CROWNS?

          • Mike

            The 24 elders are the ones with crowns. “After this I looked and there before me was a great multitude that no one could count, from every nation, tribe, people and language” What do you mean, “wouldn’t John have recognized them?” It was a multitude of saints from all over the entire earth.

        • Mike

          Those would be the 24 elders. Who they are specifically, I don’t know because it doesn’t say. I know that Christians that believe in a Pretrib rapture say that it is the raptured church. I see no basis for that. It even says in Rev 5 that one of the 24 elders talks to John in real time (“Do not weep…”). None of the characters in future events talk to anyone. John sees them in a vision. And it says the 24 elders were holding golden bowls full of incense, which are the prayers of the saints. If the saints are raptured why are they holding the prayers of the saints?
          Here’s another post trib scripture:
          1Thess 5:4: “But you, brothers, are not in darkness so that this day should surprise you as a thief.”
          This verse comes right after the infamous rapture verse (4:17).
          The Lord comes like a thief in the night to those that are in the darkness. We will all go through the tribulation just like the Israelites went through the 7 plagues in Egypt with the ungodly.
          I don’t know why God gave the 24 elders crowns. It doesn’t say that they got them at the bema seat though.

          • guest

            I believe that the 24 elders are;
            12 – The Patriarchs of the tribes of Israel.
            12 – The Apostles.
            I believe that the 2 witnesses spoken of in Revelation are;
            The Prophet Elijah and the Prophet Enoch.
            Both were taken having not experienced natural death.

          • JOhn

            Good theory , and it adds up. But wouldn’t John have referred to them as I saw the other 11 disciples with 12 others , or I saw the 24 elders of which 11 I walked with , or referenced his knowing them of some sort since John was one of the disciples and wrote the book of revelations this sorta throws that theory out the window

          • heather

            The only time we are told in the Bible, that God’s people, ever receive any gifts of rewards, are at the Bema Seat of Christ. The Elders are seen casting crowns at the feet of Him who sits on the throne.

    • iris

      What do you think about the mandatory vaccines on the horizon? Think it’s possible there will be a connection to the mark which will have to be taken in/on the right hand(Jewish culture at the time John wrote Rev. saw the hand as being from elbow to fingertip) or the forehead, in order to buy or sell? I know that allegiance or acceptance of the beast/its system will have to do with the mark, but things are happening so fast, nothing would surprise me now.

      • heather

        I believe the mark of the beast may possibly have something to do with the RFID chip.They are implimenting the 1st form of RFID chips now into everyone’s debit cards, driver’s licenses, phones and electronics.They are tracking people with their where abouts, phone conversations, emails, what we buy, and what merchants sell.
        By the end of this year, we will no longer be able to swipe our debits cards with the magnetic strip. All debit card and cc’s will only work if they have the chip in it.

        Customers who came into my place of employment told me that when they went to Europe two years ago, they did not have a chip in their card. As a result they were not able to buy anything.They tried to get a cash withdrawal so that they could make purchases and was denied getting any money. So in Eurpoe if you do not have the RFID chip in your card you can not buy. And if the customer has no chip, the merchant can not sell.

        The US has been slower to implement the whole process but they are beginning to catch up now. I read that these new merchant machines that read the chips are more costly and so US merchants have been slow to set up the system. So now the Government is putting preasure on them by bribery as usual. Many are being told that if a customer purchases from them who has the chip, and they don’t have the chip reading equipment, if the customer has any fraudulent charges, that the merchant will be required to pay instead of the bank!
        When we heard in the past that the Major stores and chains, customers info had been breached and hacked. This was false. It’s nothing but lies. They only created these lies in order to have thecexcuse to put the chips in everyone’s cards.

        Everyone should start looking for your bank to send you a letter with a new card with the chip in it. Many already have. The bank will tell you that they thinknyour card was comprimised and therefore your new card has the chip to better protect you. Liars!
        When I got my replacement card, they sent me one with a chip in it without my asking for one. I took a hole puncher and punched that thing out and my card still works. But, last week, I went to Little Ceasers to get a pizza and they swiped my card and it would not work. The woman looked at my card in a bizarre way. So then she tried to insert it at the bottom of the machine with no success. She asked me, “don’t you have a chip in your card”? Eeerr!I started getting frustrated. I told her not everyone has a chip in their card, so how do they pay? Then she got nervous and went ahead and entered the numbers as if it were a phone order and it worked.She said they just got the chip machines two weeks ago.

        My co worker told me her bank sent her a new card with the chip in it without her requesting for a new card. So she never activated it and kept using her old one and one day when she went to get gas, she found her old card would not work. They shut it down, forcing her to use the new chipped card!

        Another co worker told me the bank called her and told her they thought her account had fraudulent charges and they were sending her a chipped card. She said she knew there hadn’t been any fraudulent charges so she knew they were lieing about it.
        Another co work told me the bank sent him a letter saying his account had been comprimised, so they were sending him a chipped card. Liars, money is the root of all evil!
        It’s all a big lie. These chipped cards do not have any better protection. They are only for the purpose of TRACKING and CONTROL.
        Next, during the time of the tribulation, they will go from the cards to in the hand or forehead! The one that is made for the forehead, I believe will have something to do with mind control.

        • iris

          Actually, the Love of money is a root of evil, there’s also the evil form of pride, and some other basic crud lurking, but I agree with you about these incremental moves toward cashless or a one world currency. I do hope vaccines don’t become mandatory, because although some of them have been good, not all are that safe or effective. God bless.

  • Edsword

    Don’t let your heart fail you Christians! When you see headlines like this rejoice. The rulers of this World have completely and utterly failed. Satan is a failure, he may seem like he is winning today, but he has increased his attacks because he knows he doesn’t have much time.

  • fleabug

    Just like man……making promises he Cannot keep. This world system is coming to an end, to make way for the 7 years and the beast’s system.

  • Robert Gianamore

    They should dub in a laugh track when they record his speeches. That way we won’t have to guess whether or not he is serious when he speaks. We will know it is just a big joke.

  • Guest

    And remember there is “Not even a smidgen of corruption” In Washington.

  • Jude

    Well, if Obama says so I guess it’s true….hahaha

  • RoyG

    the lier n chief has in the fact by just mentioning the problem tells me i better double down on what im already doubling down on.. short term stuff canned foods, grains flour n ammo…. things are speeding up…

    • Robert C.

      Yes indeed. I stocking up right now.

  • Linda

    I wasn’t worried at all till obummer said “don’t worry”. Now I am plenty worried since every word that comes out of his mouth is a lie.

  • chriscas

    With Obama, if you want the truth, just believe the opposite of what he’s saying. Let the insipid- I mean intrepid –reporters and Demohacks (a tautology I suspect) try to convince you that 2+2 really does equal 5 if this “historic”(!) president needs that for his “legacy”!!

  • Hank

    Anyone who listens to and believes the lying fool (Obama) is an even bigger fool.

  • Dennis Fales

    It’s the end of the world as we know it and I feel fine…