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Asian stocks tumble the most in five months on credit concern...

“… the disaster back in the 1920's, My children, was as nothing compared to what will happen now. I talk of a great depression coming upon mankind." - Jesus, October 1, 1988

Bloomberg reported on August 10, 2007:

Asian stocks slumped the most in five months as a widening credit crunch hurt prices of Macquarie Bank Ltd., Toyota Motor Corp. and Samsung Electronics Co.

Macquarie Bank led financial companies lower after BNP Paribas SA halted withdrawals from funds that owned U.S. subprime, or higher risk, home loans. Exporters such as Toyota and Samsung dropped on concern losses linked to mortgages will lead to tighter lending conditions and dent global economic growth.

Benchmarks in the region's eight biggest markets all slid as much as 2 percent after subprime mortgage contagion and hedge fund losses sent U.S. stocks to their worst drop for five months.

South Korea's Kospi index plunged 4.2 percent, the most in three years. Australia's S&P/ASX 200 Index tumbled 3.7 percent, its biggest decline since September 2001. The Straits Times Index in Singapore, where the government today said the economy grew at the fastest pace in two years, posted its fourth straight weekly drop, the longest streak in 14 months.

``There are indiscriminate sell orders from panicked investors,'' said Liu Juming, a fund manager at Ta Chong Investment Trust Corp., which manages $1.1 billion of assets. ``The old saying in the investment world that `cash is king' came about because of days like today.''

The Morgan Stanley Capital International Asia-Pacific Index lost 3.1 percent to 149.05 as of 7:26 p.m. in Tokyo, the biggest drop since March 5. The measure, down 7.7 percent from its July 24 peak, is poised for its third weekly decline, the longest losing streak for five months.

Japan's Nikkei 225 Stock Average dropped 2.4 percent to 16,764.09, the most since March 14, as all markets fell. BHP Billiton Ltd., the world's largest mining company, slid after metals prices retreated.

Fund Losses

The Dow Jones Industrial Average slid 2.8 percent and the Standard & Poor's 500 Index dropped 3 percent, their worst declines since a Feb. 27 drop that was spurred by a sell-off in China. Earlier, losses had swept through all 18 western European markets. The Dow Jones Stoxx 600 Index lost 1.8 percent.

Futures on the S&P 500 were down 0.7 percent. Countrywide Financial Corp., the biggest U.S. mortgage lender, said after U.S. markets closed that ``unprecedented disruptions'' in the home- loan market may crimp its ability to lend and erode profit.

Macquarie, the largest Australian securities company, dropped 7 percent to A$72.10. Its Macquarie Fortress Investments Ltd. unit, which had $873 million in two high-yielding funds, said on July 31 it was forced to sell assets to avoid breaching loan agreements.

Mitsubishi UFJ Financial Group Inc., Japan's largest bank, slumped 3.3 percent to 1.18 million yen. HSBC Holdings Plc, Europe's biggest lender, lost 1.7 percent to HK$142.10 in Hong Kong. ICICI Bank Ltd., India's No. 2, fell 2.8 percent to 865.70 rupees.

`Various Exposures'

BNP Paribas yesterday joined Bear Stearns Cos. and Union Investment Management GmbH in stopping fund redemptions. The funds had about 1.6 billion euros ($2.2 billion) of assets on Aug. 7, after declining 20 percent in less than two weeks, a spokesman said. Its shares declined 3.4 percent to 82.57 euros.

Japan's Aozora Bank Ltd., which sold shares to the public in November, slumped 3.3 percent to 387 yen, after falling as much as 12 percent. The company said it wrote off a 4.5 billion yen ($38 million) unrealized loss from securities backed by U.S. subprime mortgage loans in the first quarter. Aozora had about 21 billion yen of securities linked to U.S. subprime loans as of June 30, the bank said in a statement.

Credit Crunch

Singapore's DBS Group Holdings Ltd., Southeast Asia's largest bank, fell 2.8 percent to S$21.20. The company said Aug. 3 that 22 percent of the $850 million it has in collateralized debt and loan obligations are based on asset-backed securities that have ``various exposures'' to U.S. subprime loans.

``This credit crunch will continue to weigh on stocks for a while,'' said Yoshihisa Okamoto, a Tokyo-based fund manager at Mizuho Asset Management Co. with $26 billion in assets. ``We just don't see an end to it and it's prompting everyone to sell.''

U.S. treasuries rose for a second day on demand for the safety of government debt. The yen strengthened against the euro, after the biggest gain in six years yesterday, as some investors trimmed holdings of riskier assets funded by loans in Japan.

Toyota, set to become the world's largest automaker by sales, slid 2.5 percent to 7,090 yen. Samsung, Asia's top maker of computer chips and mobile phones, fell 2.9 percent to 603,000 won. Taiwan Semiconductor Manufacturing Co., the world's largest maker of customized chips, lost 3.6 percent to NT$61.50.

Very Wary

``This is a financial event in the U.S., it's not a real economy event so it really doesn't have much direct impact on Asia, but nevertheless, investors are very wary,'' said Geoff Lewis, head of investment services at JF Asset Management Ltd., which oversees $98 billion. ``Only if this subprime thing has a really big impact on the U.S. economy would it then have some impact on Asia.''

After trading began in Tokyo, the Bank of Japan said it will add 1 trillion yen of funds to the banking system, following similar moves by other central banks.

The European Central Bank said it would provide unlimited cash as the fastest increase in overnight Libor, the rates banks charge each other to lend in dollars, since 2004 signaled lenders are cutting the supply of money.

The U.S. Federal Reserve added $24 billion in temporary reserves to the banking system. Canada's central bank put C$1.64 billion ($1.55 billion) into financial markets yesterday.

BHP dropped 5.5 percent to A$34.66. Rio Tinto Group, the world's third-biggest mining company, fell 4 percent to A$84.77. Nippon Mining Holdings Inc., Japan's No. 1 copper producer, slumped 7.1 percent to 919 yen.

Resignation?

A measure of six metals on the London Metal Exchange dropped 2 percent yesterday to its lowest in more than five months. The index hasn't climbed since July 31. Copper fell 1.5 percent, nickel declined 3.9 percent, its biggest fall in more than a month, and zinc lost 1.5 percent.

Elsewhere, Telstra Corp., Australia's largest telephone company, dropped 4 percent to A$4.34. Chief Executive Sol Trujillo may step down by the middle of next year, earlier than expected, the Sydney Morning Herald said, citing market analysts.

The company yesterday forecast pretax earnings will rise as much as 3 percent in the year started July 1, less than Citigroup Inc.'s 4.4 percent estimate.

Among stocks that rose in the region today, China Shipping Container Lines Co., Asia's second-largest container carrier, jumped 3.6 percent to HK$7.24 in Hong Kong after a one-day suspension. The company said it plans to sell 1.5 billion yuan- denominated A shares in Shanghai to buy ships.


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"My child and My children, the days will grow darker, and there will be hunger in your land. Yes, My child, what I brought you here for this evening is to tell the world that there will be a crash in the monetary doings of your government—an absolute crash that will affect every man, woman, and child in the United States and Canada, and then, like a serpent, creep all over Europe, until the world sees one big, massive depression. I can illustrate to you, My children, what I mean by this monetary depression.
    "Should you go and wish to buy a small instrument, even a guitar, that We hear plucking away at the dervishly, and devilry, of what is called the musical Mass, strung by guitars, and other creations of satan. My child, I go on to tell you, you will say that the guitar is not a costly item, but in order to buy this guitar you will carry an actual satchel, an overnight bag-size, My child—let Us put it that way clearly—of notes, your currency. It will take a whole suitcase of paper—paper money that no longer has a value. You will soon be reduced to bartering for your food.
     "My child, I know you are affrighted at this word 'war'; 'death', 'turmoil', 'depression', but what can I do but tell you the truth. I cannot smooth over it, for I would be accepted like those upon earth who like ostriches, they walk about, proud in their scientific knowledge." - Our Lady of the Roses, September 7, 1985

The awesome Bayside Prophecies...  https://www.tldm.org/Bayside/default.htm  
These prophecies came from Jesus, Mary, and the saints to Veronica Lueken at Bayside, NY, from 1968 to 1995:

A godless nation shall fall! . . .
"Without My Son you are lost. A godless nation shall fall. A nation that has been eaten away and rotted by sin shall fall. A nation that has turned itself back and regressed to a state of animal living bordering on all sins of the flesh and impurity; given over to all manner of seeking things of the world; power, lust, envy, hate, murders, abortions, worship of false idols; loving money, power, and lacking the instinct of survival when survival can only be reached by pleading from them to the merciful heart of the Eternal Father." - Our Lady, June 13, 1981

A great money disaster . . .
"My child and My children, pray a constant vigilance of prayer.  Keep this going throughout the United States and all of the nations of the world, for there is little time left. Soon, in the plans of the Eternal Father, He shall set forth and allow to come upon mankind, a great money disaster.  In this way it will prove to you that the disaster back in the 1920's, My children, was as nothing compared to what will happen now.  I talk of a great depression coming upon mankind." - Jesus, October 1, 1988

Destruction of the world monetary systems . . .
"You will understand and broadcast the message to the world that there will be a great destruction in the monetary systems of the world.  It will affect both the United States and Canada, and all the great powers of the world. And I repeat again:  You will go to your stores to do your shopping carrying papers which may as well be newspapers, for the value they will have to purchase even food will be nil.
    "How can a great country like the United States fall, you say, My child?  You ask Me in your heart. I read your heart.  I will tell you why. Because they have given themselves over to satan.  When a country has lost its morality and seeks the pleasures of the flesh, giving over, themselves over, to all manner of abominations, like homosexuality, and condoning this up the highest courts of the land, then that country shall fall." - Our Lady, November 1, 1985

Gathering of the world's money to control the masses . . .
"Man shall not create a new world as he seeks.  For there cannot be a lasting world without His God.  And I speak not of the false idols and gods that man creates in his human nature!  There is only one Creator.
    "You who cast aside this knowledge and choose to set yourselves up by power and the gathering of the world's money to control the masses, you will find that all of your power and all of your volumes of gold and silver cannot hold back the heavens as they descend upon you in a just chastisement.  The world, the earth shall tremble, fear shall come upon mankind as he watches the approach of the destruction that he himself has chosen to set loose." - Jesus, February 10, 1978

Evil force like an octopus . . .
"There is a great evil force now enshrouding your world; it is like an octopus reaching out in every direction to ensnare the world.  It is a force of evil set up by satan.  There are many arms of the octopus controlled by the monies of the world.
    "For the love of money and riches, many will sell their souls to get to the head. O My children, what do you gain if you gather all of the riches of the world and destroy your soul. When you come over the veil, and you will come over the veil, what will you bring with you - nothing of the material.  You must gather your riches in Heaven now.  They are supernatural: the graces, the merits that will allow you to enter into the Kingdom of
your God." - Our Lady, June 24, 1976

The Illuminati . . .
"There is a group in the United States and the world, a group that started many years ago, calling itself the Illuminati, coming from the word 'light bearer'. Naturally, My children, this light that they bear stands for Lucifer, and as such they have gone through the world secretly known as Luciferians.  They have brought into your country, the United States, and your neighbor Canada, a group of witchcraft practices.  Well have they laid their plan to destroy your children with drugs, using your school systems, your medias of communication, your newspapers, your televisions, your radios: every means of communication has been infiltrated by the member and sub-members of the Illuminati, a conglomeration of individuals and powers and principalities throughout the world, and banking systems.  As you well know, My children, money has always been the root of all evil, and many have sold their souls to get to the head." - Our Lady, November 25, 1978

You are worshiping idols . . .

"My children, you must change your values back to the plan of your God. As a nation, as a country, as in many countries throughout the world, you have become paganized and immoral. My children, it is the gauge for the fall of mankind: immorality and paganism. No nation shall stand without its God, the God in Heaven.
     "Man is creating many new gods, gods to feed his human nature; and it is a basic carnal nature. Idolaters abound. When you worship in abundance things, My children, you are worshiping idols! If you spend your time gathering things, money, power, you are worshiping idols. Remove yourself from these worldly pursuits.
     "It is a narrow road to the Kingdom of your God, Heaven. Many are called but few are chosen. The road with satan is wide. Many walk it and can never leave, because there are too few prayers said for them and by them.
     "Nothing is impossible to your God. Man shall never reach the highest pinnacle of Heaven in knowledge." - Jesus, March 18, 1978

graphicMany will sell their souls to get to the head . . .
"The road to Heaven, My children, is a narrow one; too few stay upon it.  For they are often carried away with the cares of the world, and the pleasures of the materialistic pursuits, and their gathering of money and prestige and power.  For what?  For the few short years allotted to each human upon earth.  I ask you to ask yourself: is it worth it to lose your soul?  Many will sell their souls to get to the head." - Our Lady, November 20, 1979

Gather your graces . . .
"You cannot accept two masters. One you will love, and the other you will learn to hate. And remember, My children, where your treasures are, your heart will always lie. And better that you gather your treasures in a place where there is neither rusting, nor attacks by moths, and robbers cannot take them from you. Store your treasures in Heaven, My children. Gather your graces. You must ransom your soul and the souls of your children, your households. Do not wait expecting to be repatriated at the last moment, My children. Many are coming across the veil unprepared, and, sadly, they cannot be accepted into the Kingdom." - Jesus, August 5, 1977

Store canned goods, water and blankets . . .
"My children, I caution you now, and I wish that you remember these instructions from several years ago in earth's time that I gave to you, to keep in your homes a good supply of canned good.  They have shelf value, My children, they will not spoil. But better that you keep them and they spoil than to have come upon you the great Chastisement.  It will be a ball of fire which will ignite many of the chemicals that are being stored up for the destruction of the nations.
    "My children, not only with the canned foods will you store just food, but you must also make known to your families and your friends that they had best keep blankets and water in tight containers; for there will be on the onset of the Chastisement, there will be nothing that you can buy due to contamination." - Our Lady, July 1, 1985

Read the Bayside Prophecies:
   
  September 7, 1985 message -- World monetary crash: "One massive depression" (click here)Eve of the Feast of the Nativity of Our Lady - 9/7/85

Directives...

D213 - Riches, Part 1   PDF Logo PDF
D214 - Riches, Part 2   PDF Logo PDF
D215 - Money   PDF Logo PDF
D307 -
Monetary crash
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Links...

Video: Money expert Jim Cramer of CNBC - "They're nuts, they know nothing! ... In the fixed income market, we have Armageddon"
http://www.youtube.com/watch?v=SWksEJQEYVU

World markets rattled amid Dow Jones crash, ABC News Australia, August 10, 2007
http://abc.net.au/news/stories/2007/08/10/2001292.htm?section=business

Risky home loans run a fever, and the market prays it doesn't spread, U.S. News and World Report, July 15, 2007
http://www.usnews.com/usnews/biztech/articles/070715/23subprime.htm

U.S. dollar facing imminent collapse? WorldNetDaily, December 10, 2006
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53311

USA Today report: Real federal deficit 3.5 trillion, Newsmax, August 3, 2006
http://www.newsmax.com/archives/articles/2006/8/3/123820.shtml?s=lh

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Your names have been written in Heaven… "It is not by accident that you are called by My Mother, for your names have been written in Heaven.... But with this great grace you have great responsibility to send this Message from Heaven throughout the world, for if you are able to recover just one more for Heaven, an additional star shall be placed in your crown." - Jesus, August 5, 1975

A great obligation to go forward... "It is not by accident that you are called by My Mother, for it is by merit and the prayers that have risen to Heaven for your salvation.  For those who have received the grace to hear the Message from Heaven, you have a great obligation to go forward and bring this Message to your brothers and sisters.  Do not expect a rest upon your earth, for you will have eternal rest very soon." - Jesus, June 12, 1976

The sin of omission...  "The sin of omission shall condemn many to hell, be they layman or Hierarchy.  I repeat:  not the sin of commission, but the sin of omission will commit many to hell."  Our Lady of the Roses,  October 6, 1980

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