Archive for the ‘Biblical Economics & Money’ Category

Devaluing the Proud

Thursday, January 9th, 2014

The word “Proud” means: showing one’s self above others, overtopping, conspicuous above others, pre-eminent

There is much activity occurring concerning the “proud”.  Stephen Jones is heading up a prayer campaign concerning “resistance”.  We are looking at “giving circles” to help fund those who are fighting, resisting the human trafficking around the world.  The “Proud” attempt to devalue everyone else by exalting themselves in stature due to money, power, intelligence, fame, and/or athleticism.  The rest of society empowers them by agreeing to exalt them.  Without followers, the “Proud” have no audience.  It is well known that Wall Street had disdain for the average man.  They think they are superior to everyone else since they work at the center of Mystery Babylon.  They are in company with the “Proud” who work inside the beltway in D.C.  In each case, their power comes from the submission and passiveness of the masses.   What would happen to the NFL or NBA is no one showed up to their games or watched them on TV?  Salaries would plummet.  Stardom would fade away.  Pro athletes need followers.  What does Our Heavenly Father think about the “Proud”?

1 Peter 5:5 Likewise you younger people, submit yourselves to your elders. Yes, all of you be submissive to one another, and be clothed with humility, for

​​​“God resists the proud,

​​But gives grace to the humble.”

Peter further writes:

6 Therefore humble yourselves under the mighty hand of God, that He may exalt you in due time, 7 casting all your care upon Him, for He cares for you.

The flesh or ego exalts the “Proud” and Our Heavenly Father exalts the humble.. in due time.  Mankind is currently perpetuating the path of the “Proud”.  This is while Our Heavenly Father is resisting them.  HE mocks the mockers.  A mocker is a scoffer: someone who jeers or mocks or treats something with contempt or calls out in derision.  The true colors will show themselves soon.  People will no longer support those who devalue mankind.  The “elite” are only in their position because of the blindness of the average person.  As people turn to Our Heavenly Father and take on HIS priorities and set their own priorities aside, the proud will be resisted.  An example of this is when you trade in your country’s currency for a gold or silver coin.  Effectively, you have removed financial control from others, you have devalued the fiat currency.  They rely on the use of fiat currency to control the economic activity in your country.  This is why the Federal Reserve was established- for control.

In other countries, the U.S. is seen as being “proud”.  The pre-eminence of its economy and military has rubbed its power in the face of other countries.  Its dominant economy has been too much for other countries to challenge.  But it is not too much for Our Heavenly Father to deal with.  What happens when HE becomes our adversary?  A devaluation occurs, with extreme prejudice.  When this happens, HE will give grace to the humble, those who live in moderation.  Can you see how the Spiritual preparation is tying to the economic preparation of what’s ahead?  The Chinese are being moved to decouple economic activity from the U.S. Dollar.  They are being used as agents to resist the proud, whether they know it or not.  When this decoupling occurs, we all should be prepared, based on what Our Heavenly Father has instructed us to do.  HE knows the plan and will implement it in perfection.  As we trust in HIM, we will be the ones who receive grace.

2014 Macro View

Wednesday, January 8th, 2014

John Williams’ latest commentary on the state of the U.S. economy and dollar:

Extremely Difficult Circumstances in the Year Ahead:

Confluence of Economic and Systemic Crises Should Intensify
With Global Confidence in Dollar Rattled by Uncontrollable Fiscal and Monetary Excesses,
U.S. Government and the Federal Reserve Have Limited Options to Address Panics
Heavy Selling of U.S. Dollar Remains Likely Proximal Trigger for Inflation Pick-Up
Developing Hyperinflation Would Push Ongoing Recession into Deep Depression
Physical Gold Remains Primary Hedge for Preserving Wealth and Assets

Source and subscription:  http://www.shadowstats.com

John is an expert on the macroeconomic statistics generated by the federal government.  If anyone understands the brevity of the problem, it is him.  I would not take lightly his comments.  Timing is always difficult in the “macro” arena, but the numbers tell the story.

J.P. Morgan’s Expectations

Thursday, January 2nd, 2014

After a year of being battered, gold and silver stocks are being removed from the “hated” list.  I found the following article quite interesting:

http://finance.yahoo.com/news/j-p-morgan-sees-golden-124041014.html

2,200 Tons of Gold

Tuesday, December 31st, 2013

This is the number of tons China imported in 2013.  It is equivalent to a year of world production.  Why are they buying all of this gold while Westerners are calling this a barbaric relic of the past?  As the price for a cup of coffee at IHOP moves steadily towards $3, and a chicken-fried steak at the local diner exceeds $10, I must conclude the Chinese have figured it out.

Americans are worse off in terms of real production:

 

 

Yet the stock market is reaching new highs.  What gives?  The Federal Reserve is enriching the 1% relative to the overall population.  At the same time, the Affordable Healthcare Act will begin extracting more wealth from the middle class in the coming 24 months.  How much longer can the illusion continue?  The politicians hope to make it through the 2014 election cycle.

Japan’s aging population is worse than ours and their politicians have begun printing excessive amounts of fiat currency to offset the lack of overall domestic production.  Germany is still waiting for most of its gold the NY Fed is holding.  Thailand is trying to oust its current leaders.  If you owned gold and/or silver this year, you felt like you were left behind in your return on investment.  However, I view these metals as insurance against man’s attempt to create an illusion of well-being.  When reality finally sets in, the populace will flee the instruments of mass destruction and head back to sound money.  2014 expects to be an interesting and increasingly volatile year.  Hopefully you will not be added to the 47 million Americans now on food stamps to make ends meet.  Another cup of coffee, anyone… while it is still affordable?

Duality versus Unity

Sunday, December 29th, 2013

Duality creates competition and adversity.  Unity creates peace.  How simple does it get!

When men are in unity, nothing is impossible.  This fundamental reality was at the source of the Tower of Babel’s dispersion:

Genesis 11:5 But the LORD came down to see the city and the tower which the sons of men had built. 6 And the LORD said, “Indeed the people are one and they all have one language, and this is what they begin to do; now nothing that they propose to do will be withheld from them.

7 Come, let Us go down and there confuse their language, that they may not understand one another’s speech.” 8 So the LORD scattered them abroad from there over the face of all the earth, and they ceased building the city. 9 Therefore its name is called Babel, because there the LORD confused the language of all the earth; and from there the LORD scattered them abroad over the face of all the earth.

When man is in unity without Our Heavenly Father’s involvement, death and destruction will be the ultimate result.  On the other hand, when they are in unity with Our Heavenly Father, life is perpetuated.

I have written over 700 blogs on Economics since October of 2007.  I have pleaded with the reader to get out of debt, simplify their life, and develop a closer relationship with Our Heavenly Father.  Why?  The current path of the global economic system is going to inflict notable economic pain on a large portion of the population.  Nobody wins in a major event of this nature.  The desperate will target the wealthy in their rage.  The wealthy will attempt to flee the chaos, hoping they have set aside the right assets to weather any economic storm.  When an adverse economic event occurs, division (duality) will increase competition for resources.  Emotions will guide many to be even more lawless than they were previously.  Governments around the world know this and that is why they are passing laws, executive orders, etc. to prepare for whatever transpires during the Great Reset.  If they didn’t think chaos was coming, they would not have taken steps to prepare for such an event.

What are you and I to do?  Over the last 42 years, I have witnessed Our Heavenly Father in action on multiple fronts.  Heaven has the only solution to man’s incompetence and greed.  Technology won’t save us.  Nobel Prize winners can’t lead us through the unknown.  Only our Creator can navigate through the turmoil that lies ahead.  This writing is not to scare you but to simply get you to open your eyes to the need to prepare spiritually.  You cannot assume that the next decade is going to parallel the last few decades on the economic front.  There are many economists that are outside the control of the governments warning us of the dire consequences of the current debt system.  Economic historians show us the writing on the wall and it doesn’t look good.  The global system is like the prodigal son “coming to the end of himself”.  His plan ended up in disaster.  Once he came to the end of himself, he turned back (repented) to his Father.

I believe in using experts to resolve my problems.  I hire a CPA to do complex taxes, an electrician to run a circuit, and a plumber to install a hot water heater.  Who is the expert on a global economic meltdown?  There is only one- Our Heavenly Father.  There is no one else… period.

There will be many to get “foxhole religion” when the time comes.  They will be looking to those who are at peace and will want to know the key to that peace.  Now is the time to move toward unity with Our Heavenly Father.  Now is the time to remove any weight that hinders you from focusing on a closer relationship with Our Heavenly Father.  Your goal should be to become “one” with Our Heavenly Father just as Jesus was and is.  Spending time in your prayer closet will move you in the right direction.  Only you can establish your priorities and allocate time and resources to this focus.  Are you going to live your life in unity with Our Heavenly Father or in duality and competition among men?  It is your choice and you will live with the consequences of that choice, and don’t shoot the messenger.

100 Years of the Federal Reserve

Sunday, December 29th, 2013

As you can see by this graph, the 100 year history of the Federal Reserve has not proven to be successful.  Instead, it has caused more uncertainty especially after the elimination of the gold standard in 1971.

Distribution of Wealth

Sunday, December 29th, 2013

By the numbers:

 

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Who is hurt the most by inflation?

I guess President Lyndon B. Johnson’s war on poverty was another loss on the list of defeats for America.

Economic Summary of 2013

Thursday, December 26th, 2013

Over the last few years, we have endeavored to bring forth Scriptural Truth in application of our everyday lives.  One of those truths is “Greed is the root of all evil”.  King James uses the term “love of money”.  Our Heavenly Father very specifically directed my to my first professional job: The largest bank in our state.  My particular job allowed me to study virtually every department in the bank and fully understand how a bank operated.  This was preceded by getting a college degree in Economics.  Neither of these paths were part of my plan.  I was going to be a Navy pilot for six years, then an airline pilot until retirement.  In the fall of 1971 at the Open Door (Christian gathering place aka coffee house), my plan was discarded by HIM and HE the directed my path ever since.  Twelve months later, I was working at the bank. Four years later, I was teaching Money & Banking at a local college at night to earn extra money while still working at the bank.  This video explains how money & banking work under a central bank scenario.  This scenario isn’t exclusive to the Federal Reserve, but provides clarity to how all central banks operate under a fiat currency system.  This writing is not focused on any political party or nation.  The central banks around the world are all using some form of fractional banking to manage their economies.  At some point, there will be a collapse similar to all of the previous historical attempts to use fiat currency.

  Note: we do not endorse any particular source of precious metals acquisition.  You must do your own research if you are led to purchase bullion as a result of this video.  The $220 Trillion in U.S. Liabilities I mentioned in a previous writing emphasizes the need to be vigilant in these times.

This may be the most important economics blog I have written.  This video summarizes how the entire system works for all to understand.  The video will surely promote understanding about the intent of bailouts, bail-in’s, and Quantitative Easing.  Who are the beneficiaries?

Sir Joshua Stamp, former Director of the Bank of England: 

"Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money." (Said to be from an informal talk at the University of Texas in the 1920s, but as yet unverified.)[12]

 

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The Economic Day of Reckoning is coming

Tuesday, December 24th, 2013

Will it be 2014, 2015, or 2016?  I don’t believe it can be delayed beyond 2016.  At most,that is just 36 months away.  The actual U.S. Liability level stands at $220 Trillion and is growing.  It IS the elephant in the room that nobody is talking about.  In the meantime, gold, silver, and related stocks are relatively cheap… especially the stocks.  For those with cash on hand, they may be able to pickup some real bargains now.  Gold is hated by the mainstream media.  When you look back at past financial media orientations, they tend to be an indicator of when to focus on the next stock category to appreciate in value.  Oil stocks were hated when Chevron was selling for $55 per share.  Today it is at $122.84.  Now it is loved by all.

Various governments around the globe are changing the banking laws to use the “bail-in” strategy.  This means that depositors will take on risk of bank failure instead of the governments.  This would lead us to believe that those looking behind the curtain, expect major failures soon.  The only question is “when”.

The price of gold was reset in the past in terms of the U.S. Dollar:

In 1934, Roosevelt reset the price of gold from $20.67 per ounce to $35.

In 1971, the price was reset from $35 to $38.

In 1973 the price was again reset from $38 dollars $42.22.

Right now, the price is just under $1,200.  I expect to see another overnight revaluation and expect it to be epic in proportion to these past resets.  How else can you deal with the $220 Trillion in liabilities that are demanding a reconciliation?

Will Congress tax the windfall profits of those preparing for the reset?  Most likely.  With all the suffering expected due to the epic decline of the Dollar, they will want to show those in pain that they will go after those who profited from the pain.  It seems a little perverse to be the one who caused the problem, then point at someone else who figured out how to protect himself from the problem and the guilty.  Oh well, the innocent will once again suffer the consequences for the guilty.  Thankfully, Our Heavenly Father’s scales of equal weights and measure will insure a proper accounting in the end.

No matter what year the great reset occurs, it will be a wild ride.  “Cowboy up” as they say at the rodeo.

Targeting Target

Tuesday, December 24th, 2013

Having been in banking, finance, and information technology (IT) for nearly 42 years, I am not surprised by the hacking of 40 million debit/credit holders in the Target story.  I was on the team that installed the first ATM in Oklahoma back in the 1970’s.  I was able to “hack” the code back then during a test and drain all the cash out of the machine.  I alerted NCR about the weakness in their software and they fixed it.

Your digital financial security is only as good as the weakest link in the information flow and hackers spend all their time looking for that weak link.  Chase Bank has taken protective action to limit affected cardholders to $100 cash withdrawals and $300 in charges until they “fix” the problem.  Oops!  I can’t get my money out of my account.  Well, it is “sort of” your money, but not really.  You are actually an unsecured creditor of the bank.  When you deposit your money, it becomes their money and a liability to pay you at some future point in time.  They now owe you money, not holding your cash as most believe.  Their contract with you, the fine print on the signature card you signed, spells all of this out.  It is in their favor, of course.  You will notice that they did not recommend you have a contract attorney review it.  In their contract, they specify that they do not have to pay you on demand but have a certain amount of time to respond.  This assumes that they are still in business.  Are you catching on to the way this system works now?

Recently, my wife and I went to the shopping mall to purchase some items.  We presented a young store clerk with a check.  She was rather new and did not know how to process a check.  The supervisor commented, “We just don’t get checks anymore.”  She helped her take down our information and complete the transaction.  Yes, it’s a hassle, but our checking account has not been “hacked”.  Further, my check acts as a contract and the bank is obligated to verify my signature.  Else, they suffer the loss.

Banks no longer want checks, it costs them money to process these pieces of paper.  They prefer to process digital signals and distribute the work to the merchants… and the liability, if possible.

I will not use my debit card to purchase anything for the very reason stated above.  I know how unsecure the overall system is.  As a matter of fact, I do not utilize internet banking.  Why?  A hacker can place a “keyboard ghosting” script on your PC and obtain your user-id and password, then send it to himself.  You will none the wiser.  I prefer to have a firewall between our bank account and the hackers.  It is called a paper check.  It is a written contract.  It is not worth the time or effort to try to illegally access our account.  Yes, we are a “pain” to merchants and those in line behind us but I don’t let peer pressure cause me to compromise what I know is a legitimate exposure to financial ugliness.  Currently, the financial institutions and merchants are liable for fraud, but for how much longer?  They would love to find some loophole to remove their exposure and shift it to the consumer.  It is obvious, they are not their brother’s keeper.  It’s every man for himself out there in the digital jungle.   0100 1000   0110 0101   0110 1100   0111 0000   (Binary or digital representation for “Help”)

Yes, I may write the last check in the U.S. before they take my pen away.