EU Law

Friday, January 8, 2016

Watch the economy!

Watch the economy!

Everybody has watched how the economic system of America is falling apart. We have witnessed years of outrages “stimulus” spending by the federal government. We are beginning to enter a new recession. Are those who are big players in the stock market showing panic? Berkshire sold 19 million shares of Johnson & Johnson and reduced his stake in consumer parts by 21%. He also sold his computer stock. George Soros recently sold nearly all of his bank stocks. Many other billionaires are following this trend. ~

On 10-12-12 I stated in an article: ~

“What can we expect for the year 2013? An economic slowdown! We will see a very extreme continuation of economic slowdown. This will continue to reorganize what’s left of the middle class. The world is temporarily learning how to “fit” itself.” ~

On 10-8-12 I stated in an article: ~

“Third world countries are beginning to learn how to “shut down” America's economy. We are currently entering an Economic War of the worst kind. Russia and China will play a key role in shutting down America.” ~

On 5-4-12 I stated in an article: ~

“I have stated that the economic war will increase to the point of economic turmoil in the United States.” ~

And again I stated: ~

“Each nation is figuring out its strategic economic and defensive control in the crisis.” ~

Things are not looking good. As COGSR/SOCT members we are to be prepared for a large economic crash. We have been waiting and watching the Signs of the Times. Finally, I stated in a 2013 prediction article the following: ~

“America will face the greatest economic crisis it has ever experienced. The Bible speaks of a “United Europe”. We must not underestimate Germany's role in the unification of the United States of Europe which is to come. EU elites are organizing their front as we speak. They want to continue to devalue the American dollar. This is all being organized by the imperialist socialists of Europe.”  ~

As socter we are prepared and not too worried. When will this happen? It is already in progress. Just how long it will take is uncertain but come it will. Always be prepared and continue to keep the Seventh Message. ~

Prophet Eric WKing calls the entire world to
Repent and accept Jesus Christ and the fullness of His gospel

All people of this planet, I invite you to meet Jesus Christ through His gospel. Come with an open mind to the Savior of this planet. Come and learn of our Great Creator of all that is and ever shall be. The great Plan of Salvation has been presented to all of us. We are all children floating on this great ball in space called planet Earth. Our Heavenly Father put us here for a reason. We are to learn, grow and mature into the quality of our Heavenly Father’s character. ~

We all do bad things and make bad decisions and this is all part of the process. When we fall short…when we lie, cheat, still, talk bad about another, hurt others, cuss and are rude…we need to be forgiven. By coming to Earth we have all been given Free Agency. We have the right to make our own decisions. We thus are responsible for our own sins and not those of Adam and Eve. ~

Only Heavenly Father through the Atonement of Jesus Christ can wash your slate clean and cleanse you of ALL UNRIGHTEOUSNESS. ~

All Humans have a spirit. Your spirit is currently operating in a physical body on Earth. This Earth is our school where we must come to God by faith through the person of Jesus Christ. This decision cannot, nor ever will, be forced on us. We must use our free agency responsibly and choose Jesus Christ in order for our spirits, at the time of death, to go back home and live with our Heavenly Father again. Our Heavenly Father has sent us here, to school because He loves us and wants us to grow and learn. ~

Jesus Christ was chosen and foreordained to be our Savior. When Jesus was here on Earth He taught: “I came down from heaven, not to do mine own will, but the will of him that sent me…And this is the will of him that sent me, that every one which seeth the Son, and believeth on him, may have everlasting life: and I will raise him up at the last day.” (John 6:38-40) ~

My prayer is that you read the gospel message as found in the Holy Bible and the Book of Mormon. These books were written as men were moved by the Holy Spirit and the words which these books contain are the spiritual food that will nourish your soul unto salvation. When Heavenly Father calls people He calls them through His word in a powerful way. He; “…hath called you out of darkness into his marvelous light.” (1stPeter 2:9) ~

So many people feel an emptiness inside yet they keep on with their current routine in life. This makes no sense. You must “repent”. Repent literally means, TURN AROUND. Look up and see Jesus Christ for who He truly is and then begin to read His word and put faith in Him. Without faith it is impossible to accept Him as your savior. Jesus says unto us all: “Come unto me, all ye that labour and are heavy laden and I will give you rest.” (Matthew 11:28) ~

We are instructed: “Yea, even that ye would have so much faith as even to planet the word in your hearts, that ye may try the experiment of its goodness.” (Alma 34:4) Though this world gets very dark sometimes God has not given up on us. “For God so loved the world that he gave his only begotten son that whosoever should believe in him should not perish but have everlasting life.” (John 3:16) ~

By reading this and hearing this great invitation it is important to take it seriously. The gospel call has been given to you and now you must decide. My prayer is that you will be willing to investigate the words of Jesus Christ and begin to put just a small amount of faith and hope in what He says. God is faithful and by whom ye are being “called unto the fellowship of his Son Jesus Christ our Lord.” (1 Corinthians 1:9) ~

May our Lord continue to show mercy to you whatever your decision is. May you find Jesus Christ. May you follow Him as a child follows the parent. May you find in Him and gain peace profound. ~

~Prophet Eric William King (December 17th 2016)

SOCT Understandings


  1. Stocks across the Middle East tumbled as the easing of sanctions against Iran raised the prospect of a surge in oil supplies to a market already reeling from the lowest prices in more than a decade. Shares in Tehran gained.
    Saudi Arabia’s Tadawul All Share Index dropped 5.4 percent to its lowest level since March 2011. Abu Dhabi’s ADX General Index fell into a so-called bear market. The Bloomberg GCC 200 Index, which tracks 200 of the six-nation Gulf Cooperation Council’s biggest companies, traded at 9.5 times estimated 12-month earnings, the lowest in almost seven years. Iran’s TEDPIX Index climbed 0.9 percent, according to data on the bourse’s website, extending Saturday’s 2.1 percent advance.


  2. Investor anxiety deepened Friday as a familiar medley of fresh lows in oil prices, stumbling Chinese stocks and weak U.S. economic data sent the Dow Jones Industrial Average to its biggest one-day percentage drop since early September.


  3. The latest scare came on Thursday as China's stock market crashed 7% overnight and crude oil plummeted to the lowest level in more than 12 years.
    The Dow dropped 392 points on Thursday. The S&P 500 fell 2.4%, while the Nasdaq tumbled 3%.
    The wave of selling has knocked the Dow down 911 points, or more than 5% so far this year. That's the worst four-day percentage loss to start a year on record, according to FactSet stats that go back to 1897. The Nasdaq, down over 6% in 2016, is off to its bleakest start since 2000.


  4. The Dow plunged as many 565 points on Wednesday after crude oil crashed below $27 a barrel. However, stocks staged a comeback and the Dow closed with a loss of "only" 247 points.

    The S&P 500, down as much as 3.7% earlier, closed the day off 1.2%. It was still the lowest close for the index since April 2014. The Nasdaq briefly turned positive before ending with a loss of 0.1%.
    "The comeback was needed just to give people some confidence. But I don't think we can say ding-dong the witch is dead in terms of volatility," said J.J. Kinahan, chief market strategist at TD Ameritrade.
    The markets remain deeply in the red on the year. The Dow has plunged 1,658 points in 2016, while the S&P 500 is down 9%.
    "We've experienced some seller exhaustion -- and that's good news. But we are still facing the same headwinds," said Art Hogan, chief market strategist at Wunderlich Securities.
    Turmoil in China and the crash in crude oil prices remain the main culprits for the market mayhem. While China's stock market dropped "only" 1% overnight, the energy market was considerably less quiet.


  5. Global attention has focused on the plunge in the Shanghai stock market and mounting evidence that China’s economic growth is slowing dramatically. Moreover, the contagion appears to be spreading, characterized by extreme volatility and alarming declines in America’s own equity markets. Those worries are compounded because there always have been doubts about the accuracy of Beijing’s official economic statistics. Even before the current downturn, some outside experts believed that Chinese officials padded the results, making the country’s performance appear stronger than it actually was. If China is now teetering on the brink of recession, the political incentives for officials to conceal the extent of the damage would be quite powerful.

    The focus on the possible wider economic consequences of a severe Chinese economic slowdown is understandable, since the ramifications could be extremely unpleasant for the U.S. and global economies. But we should also be vigilant about how such economic stress might affect Beijing’s diplomatic and military behavior. It is not unprecedented for a government that feels besieged to attempt to distract a discontented public by fomenting a foreign policy crisis. In Henry IV, Shakespeare pithily described that process as the temptation to “busy giddy minds with foreign quarrels.”

    China’s leaders likely feel increasingly uncomfortable. The implicit bargain that has been in place since the onset of market-oriented reforms in the late 1970s has been that if the public does not challenge the Communist Party’s dominant political position, the Party will deliver an ever-rising standard of living for the people. The bloody Tiananmen Square crackdown in 1989 was a graphic reminder of what happens if the Party’s position is challenged. However, until now, the economic portion of the bargain seemed secure, characterized by breathtaking, often double digit, rates of growth. It is uncertain what happens if the Party can no longer maintain its part of the implicit bargain, but it is likely that a dangerous degree of public discontent will surface.