Inside the White House - Apparent biblical connections to the US financial contagion - by Bill Koenig – www.watch.org
The United States is experiencing a rapid moral slide and a further acceleration into the final days. The outcome of the recent national election will only accelerate this.
We are living in a time as spoken in Isaiah 5:20 (KJV): "Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!"
Americans being impacted by inept leadership in Washington
Sadly, the leadership in Washington, which helped create the crisis our nation is facing on so many fronts, is not qualified to handle the challenges, so that means the times will get more challenging. Their previous actions have created many "unintended consequences" with many more coming in the future.
The world says the US is responsible for the worldwide financial contagion
The world is blaming the US for the worldwide financial contagion; but President Bush, others in his administration, and those on Capitol Hill deny that the subprime fiasco and Wall Street's financial derivatives and futures trading activities were a main reason for the financial catastrophe.
Apparent biblical connections to the US financial contagion
There have been some very interesting possible connections between the state of the US economy, the Jewish fall feasts this year, and the Torah readings of Nov. 1, 8 and 15.
(Thanks to Dr. Elliot Snyder of Dallas for the Wall Street and fall feast connections and Pastor Mark Biltz for the Noah/Cheshvan connection to this Saturday’s G-20 Summit in Washington and the Torah readings.)
Rosh Hashanah (the Jewish New Year) began at sundown on Monday, Sept. 29, and ended at nightfall on Wednesday Oct. 1, 2008.
Rosh Hashanah is the Jewish New Year. As such, it is a time for Jews to review the mistakes they made in the past year and to resolve to make improvements in the upcoming year.
On Rosh Hashanah, Jews listen to the shofar blown during lengthy prayer services, eat holiday meals, and do no work. After repenting for bad deeds through prayers, they symbolically cast off sins through the tashlich ceremony.
Rosh Hashanah is both a solemn and a happy day. It is a time for introspection, asking for forgiveness, giving forgiveness, resolving to do better, remembering God is King and Judge, and praying for a healthy and happy year to come. Those observing the Jewish New Year are solemn in their repentance but happy in their confidence that God is merciful and good.
The stock market crash of 2008
In 2008, Rosh Hashanah began on the evening of Sept. 29, while Yom Kippur began on the evening of Oct. 9.
On Rosh Hashanah eve in the U.S. (Sept. 29), the Dow Jones Industrial Average (DJIA) closed down a record-setting 777.68 points. Israel was already celebrating Rosh Hashanah at the time of the record Dow close.
Dr. Elliot Snyder wrote:
Seven is the number of God, and 777 could represent "Holy, Holy, Holy." This is God's signature, the manner in which the angels praise the Sovereign God in Isaiah 6:3. This is also reflected in 7-Seal, 7-Trumpet and 7-Bowl Judgments, in the events of things to come as outlined in Revelation 6:19! I believe the Rosh Hashanah shofar was a heralding, proclamation or announcement of God's weighing our nation in the balance beginning at the start of the 10 Days of Awe. The judge is entering the courtroom.
The eyes of the financial world were fixed upon the 777-point drop, the largest single one-day point decline in the history of the Dow Jones Industrial Average (DJIA), although not the largest percentage drop.
Other peculiarities on the opening bell and gavel of 9/29/08 and 9/30/08 for the NYSE
There was an anomaly at the opening bell when there was no opening bell! At 9:30 am ET a mechanical bell should have rung. As the CNBC countdown to the opening reached zero, there was puzzlement at the podium as the bearer of the gavel awaited the opening bell in vain. After about a minute, even without the bell, trading began.
The next morning, the bell worked. CNBC had made a big deal over the bell having never failed to ring before; it had failed on the morning of 9/29. On 9/30 the bell worked at 9:30AM; however, with the camera fixed upon the podium, there was no one manning the gavel!
Yom Kippur (the Jewish Day of Atonement) began at sundown on Wednesday, Oct. 8, and ended at nightfall on Thursday, Oct. 9.
Yom Kippur, literally "Day of Atonement," is the holiest day of the Jewish year.
After the Israelites alienated God by worshipping the golden calf, Moses ascended Mount Sinai to ask God for forgiveness. While Moses was on the mountain, the Israelites repented by fasting. On the tenth day of the Hebrew month of Tishrei (Yom Kippur), Moses descended Mount Sinai with the second tablets. Thus, on the first Yom Kippur (approximately 3,500 years ago), the Israelites succeeded in atoning for their sins and restoring their covenant with God.
Why is Yom Kippur important?
Yom Kippur is observed eight days after Rosh HaShanah (the Jewish New Year). Jews believe that on Rosh HaShanah, God inscribes all of their names in the "books"; and on Yom Kippur, the judgment entered in these books is sealed. Yom Kippur is, essentially, the last chance to demonstrate repentance and change God's judgment. On Yom Kippur, one's fate for the coming year is sealed.
Dow falls 678.91
Dr. Elliot Snyder wrote:
On Yom Kippur eve in the U.S. (Oct. 9), the Dow Jones Industrial Average (DJIA) closed down 678.910 (6, 7, 8, 9, 10!) The odds of this precise sequence arising are 1:99,999.
Following the 10 Days of Awe, on the Day of Atonement or Judgment, God sent another numerical message through the fall of the stock market. Specifically, God has judged the nation in accordance with the Noahic law. This is spelled out in the second table of the Ten Commandments – specifically, 6-10* — by the Dow falling exactly 678.910. As the sun had already set in Jerusalem, God was telling us that we have been weighed in the balance of the 6th, 7th, 8th, 9th and 10th commandments and found wanting. God has spoken for all with eyes to see and ears to hear!
Our nation is not being judged for idolatry, blasphemy or failure in Sabbath observations, but rather for murder, adultery, stealing, lying and covetousness.
The Days of Awe refers to the ten days between the first two Fall Feasts of Israel, Rosh Hashanah (or the Feast of Trumpets), and Yom Kippur or the Day of Atonement.
The sound of the trumpet shofar ushering in Rosh Hashanah and the Days of Awe is a call to a searching of our souls and thorough examination of our thoughts, deeds and intentions for the past year. This begins a time of God's evaluating the life of each member of the House of Israel, culminating on the 10th day with Yom Kippur, the day of final judgment, and hopefully, atonement.
The just verdict was to be pronounced on the Day of Judgment, Yom Kippur!
One of the worst seven-day declines in Wall Street history occurred during this year's Days of Awe
Chronology – Sept. 29–Oct. 10
Sept. 29: U.S. House of Representatives rejects mammoth $700 billion bailout plan. Dow Jones Industrial Average (DJIA) drops 777.68. (Rosh Hashanah began that evening; it had already begun in Israel at the close of Wall Street.)
Sept. 30: Wachovia Bank teeters on collapse, starts negotiating with Citigroup for takeover deal.
Oct. 1: U.S. Senate adopts massive bailout plan, adding sweeteners to get House acceptance.
Oct. 3: Wells Fargo Bank and the fourth largest U.S. bank, Wachovia Corp., announce merger.
Oct. 3: The largest government intervention in capital markets in U.S. history clears the U.S. House of Representatives, becoming law with President Bush's signature. The bailout was for $700 billion.
Oct. 6: Responding to global credit fears, the Dow finished below 10,000 for the first time since October 2004. After a day in which stocks dropped as deeply as 9,600, the market rebounded, finishing the day at 9990.47.
Oct 9: The Dow Jones industrial average closed down 678.910 points, or 7.33 percent, at 8,579.19. It's the first time since May 2003 that the Dow traded below 8,600. The steep sell-off capped the Dow and the S&P's biggest seven-day decline since the October 1987 market crash, and the NASDAQ’s worst seven-day decline since December 2000. Over the seven days, the Dow shed almost 21 percent and the S&P 500 nearly 22 percent. The steep declines came on the anniversary of the Dow's all-time closing high above 14,000.
"With no visible sign of restoration of normal credit movement, that is shaking investor confidence that the banking system at this point still has a long way to go before it gets fixed," said Frederic Dickson, senior vice president and market strategist at D.A. Davidson & Co., in Lake Oswego, Oregon.
Oct. 10: The central barometer of the U.S. economy, the Dow Jones Industrial Average ended one of its worst weeks in history.