http://www.guardian.co.uk/business/2012/feb/15/credit-ratings-agencies-moodys
"In 1998, Moody's wrote to a German insurance giant called Hannover Re, according to research by the Washington Post's Alec Klein. Though Hannover was not a client of Moody's, the agency said that it had nevertheless decided to rate them free of charge. Ominously, the agency hoped that in the future Hannover would be interested in paying for the service itself. "We need to act," said Hannover's chairman, Wilhelm Zeller. Unfortunately, Hannover did not act soon enough. Moody's began rating Hannover's debt status, but the insurance company had already enlisted the services of S&P and AM Best (another, smaller agency). In 2003, Moody's downgraded its debt to junk status, and because of the respect paid to Moody's valuations, shareholders panicked, sold their stock, and Hannover Re lost $175m (£111m) in an afternoon. Moody's declined to comment for the Washington Post piece."
Very, very interesting. Because if something isn't broken, then it doesn't need fixing. In order for a new economy to be brought in, the old one has to broken. The economy, as Revelation 13 indicates, will be the source of the mark of the beast. Therefore, all things economically related, point towards or give clues about the mark.
This site is made in honor of my Lord and Savior Jesus Christ who gave His life for me and whose blood has covered over my transgressions and thus reconciled me with the Father to whom forever be the glory!
This site contains pictures, videos, commentary, links, posts, writings,etc. meant to in one way or another, directly or indirectly lift up the Name, the ONLY name, under heaven, given to men, by which we must be saved, Jesus Christ.
The postings on this site are meant to provide the believer with uplifting testimony from the Spirit. If you are a believer and feel there is anything which may be perceived as detrimental to the cause and/or advancement of the Gospel, please let me know.
My personal writings are meant to inspire, instruct, and instill a grateful spirit, for I believe it is only right to give thanks to the One responsible for all things and to stay in constant contact with Him.
In addition, this site will in many ways help us to stay awake, as we await THE DAY! It is my firm belief that it is our generation that will come to see the events foretold and pre-ordained before the foundation of the earth spoken of through the prophets and to John, the beloved apostle who "testifies to everything he saw—that is, the word of God and the testimony of Jesus Christ" and whose unveiling declares that "Blessed is the one who reads the words of this prophecy, and blessed are those who hear it and take to heart what is written in it, because the time is near."
Like always, LET US REJOICE IN THE LORD, as we "await in eager expectation for the sons of God to be revealed."
This site contains pictures, videos, commentary, links, posts, writings,etc. meant to in one way or another, directly or indirectly lift up the Name, the ONLY name, under heaven, given to men, by which we must be saved, Jesus Christ.
The postings on this site are meant to provide the believer with uplifting testimony from the Spirit. If you are a believer and feel there is anything which may be perceived as detrimental to the cause and/or advancement of the Gospel, please let me know.
My personal writings are meant to inspire, instruct, and instill a grateful spirit, for I believe it is only right to give thanks to the One responsible for all things and to stay in constant contact with Him.
In addition, this site will in many ways help us to stay awake, as we await THE DAY! It is my firm belief that it is our generation that will come to see the events foretold and pre-ordained before the foundation of the earth spoken of through the prophets and to John, the beloved apostle who "testifies to everything he saw—that is, the word of God and the testimony of Jesus Christ" and whose unveiling declares that "Blessed is the one who reads the words of this prophecy, and blessed are those who hear it and take to heart what is written in it, because the time is near."
Like always, LET US REJOICE IN THE LORD, as we "await in eager expectation for the sons of God to be revealed."
AMEN.
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