Fed May See Companies, States as Next Crisis Fronts
Oct. 6 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may find the next fronts of the financial crisis to be just as chilling as last month's downfall of Wall Street titans: its spread to corporate America and state and local governments.
Companies from Goodyear Tire & Rubber Co. and Duke Energy Corp. to Gannett Co. and Caterpillar Inc. are being forced to tap emergency credit lines or pay more to borrow as investors flee even firms with few links to the subprime-mortgage debacle. California Governor Arnold Schwarzenegger says his and other states may need emergency federal loans as funding dries up.
State and local governments having trouble meeting cash needs may push for help. Schwarzenegger told Paulson in an Oct. 2 letter that California and other states ``may be forced to turn to the federal Treasury for short-term financing'' if the crisis doesn't ease.
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re: Spread to corporate America and state/local governments
Oct. 6 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may find the next fronts of the financial crisis to be just as chilling as last month's downfall of Wall Street titans: its spread to corporate America and state and local governments.
Companies from Goodyear Tire & Rubber Co. and Duke Energy Corp. to Gannett Co. and Caterpillar Inc. are being forced to tap emergency credit lines or pay more to borrow as investors flee even firms with few links to the subprime-mortgage debacle. California Governor Arnold Schwarzenegger says his and other states may need emergency federal loans as funding dries up.
State and local governments having trouble meeting cash needs may push for help. Schwarzenegger told Paulson in an Oct. 2 letter that California and other states ``may be forced to turn to the federal Treasury for short-term financing'' if the crisis doesn't ease.
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re: Spread to corporate America and state/local governments
Controlled implosion. This is not 9-1-1. It's the next phase. This is 9-1-2. The controlled implosion of the entire financial system of the country. The entire financial system of the world to be more precise. It's as simple in strategy as it may be in difficulty to believe. For the most part, as relating directly to this country, the major financial firms have been consolidated at this point and taken over, and now corporate America and the state/local governments are next. This posted article is making that known to any astute watchers. The process has begun. IMPLOSION. It's a done deal. The old order must be deconstructed before the new order can rise from the ashes.
There is no place for state and local governments (or nations for that matter) in the community based Agenda 21 system. It is a GLOBAL management scheme. The corporations worldwide will all be owned by and controlled within the one world system also. For this reason the existing corporate system must also be imploded...and that is to be accomplished, as seen, through the collapsing of the credit system. Ordo ab chao...here, now, today.
Extremely rough water ahead...the towers are coming down. The global transition is now on fast-forward. The Zionist Kingdom of the false messiah is being birthed and it's not a pretty baby. Not at all, in fact, it's looking an awful lot like "Rosemary's baby". (follow links below....much need to know info there)
Corporate America Selling Out? (7-14-08)
America: They're Shutting It Down (8-5-08)
Europe, Asia Say U.S. Must Work On Global Financial System (10-1-08)
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1 Tim. 6:17 'Charge them that are rich in this world, that they be not highminded; nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy'
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