Archive for the ‘Biblical Economics & Money’ Category
Tuesday, July 30th, 2013
Recently, I was sent an email from the Marriott Hotel chain warning me that their “world-class” site had been compromised and that hackers had obtained some of the passwords to their clients: “There have recently been attempts made to gain unauthorized access to a small number of members' online accounts.” ...
Posted in Biblical Economics & Money | Comments Off on The Weakest Link
Sunday, July 28th, 2013
If you believe that the current economic system of fiat currency is at risk of failure, then- To minimize personal pain if and when the coming economic crisis arrives: 1. Your equities are held in certificate form. 2. You have no Federal retirement funds. ...
Posted in Biblical Economics & Money | Comments Off on Checklist
Saturday, July 27th, 2013
This week JP Morgan announced it is exiting the physical commodity trade business amid scrutiny. See: http://finance.yahoo.com/news/jpmorgan-exit-physical-commodities-business-195443069.html Let’s review the scandals: 1. Banks manipulated Mortgage-backed Securities which led to the 2008 meltdown 2. Banks manipulated the LIBOR rate which sets interest rates worldwide on trillions of dollars ...
Posted in Biblical Economics & Money | Comments Off on Manipulation further exposed
Tuesday, July 23rd, 2013
The physical gold market is extremely tight to the point where the cash price is greater than the future price reflected in the paper market. This is called backwardation. This may decouple the two markets from each other. Cash gold exchanges are cropping up in other countries around the world. ...
Posted in Biblical Economics & Money | Comments Off on Gold Futures Market moving toward disarray
Monday, July 22nd, 2013
In an interview with the Mayor of Detroit, he commented that there were 100 more cities in the same shape as Detroit. There are many counties in the same predicament. Historic assumptions for pension funds are no longer valid. Interest rate increases are sure to damage the bond market which ...
Posted in Biblical Economics & Money | Comments Off on Bankrupt Cities & Counties
Friday, July 19th, 2013
Is Our Heavenly Father setting the globe up for a transition? GlobalEurope Anticipation Bulletin believes and reported that the 2008 crisis as a warning before that of 2013. All of the world’s regions won’t be affected the same way but all will suffer. According to LEAP/ E2020 the stages ...
Posted in Biblical Economics & Money | Comments Off on Is the 2013 Crisis at hand?
Friday, July 19th, 2013
Pension Funds attempt to look out 50 years in their investment horizon. The problem is that they are just a group of men taking their best educated guess. In the 1980’s I had a life insurance policy that assumed long term rates to average 9%… wrong! This was after the ...
Posted in Biblical Economics & Money | Comments Off on Bankruptcies continue
Tuesday, July 16th, 2013
The Federal Reserve has painted itself into a corner. Can you reduce interest rates to a negative level? The 10 year bond yield has increased and that worries Bernanke and company. There have been some resignations at the Fed and at the same time Harry Reid is trying to make ...
Posted in Biblical Economics & Money | Comments Off on The Fed is out of tools
Wednesday, July 10th, 2013
How can a central bank manipulate the price of gold downward? Let’s assume that you have 8,134 metric tons of gold in the depository. Recently, a 50 ton sales order was issued. The following table provides the latest estimates of official reserves (http://en.wikipedia.org/wiki/Gold_reserve): As you can ...
Posted in Biblical Economics & Money | Comments Off on The Ramifications of Gold Price Fixing
Tuesday, July 9th, 2013
Deconfliction is a military and engineering term that refers to the process of avoiding mutual interference, or outright hazards, among systems under the control of one's own sides. It is most often used in the context of preventing fratricide, or having weapons hit one's own troops, but it has broader ...
Posted in Biblical Economics & Money | Comments Off on Daily Definition