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According to the New York Post, the collapse of Lehman Brothers on Monday, Sept. 15, resulted in a financial meltdown that came within 500 trades of financial Armageddon. Treasury Secretary Paulson quickly injected $105 billion of liquidity into the financial system to prevent this from happening. This averted a near disaster, but it also showed the need for more cash to be created in order to keep it from happening anyway. The article below is dated Sept. 21, a full week before the 777-point drop in the Dow on Sept. 29.
http://www.nypost.com/seven/09212008/business/almost_armageddon_130110.htm
See also the New York Times article related to this, dated Sept. 20, where the Fed chairman shocked congressional leaders by telling them a financial meltdown was imminent:
http://www.nytimes.com/2008/09/20/washington/19cnd-cong.html
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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