Archive for the ‘Biblical Economics & Money’ Category
Friday, June 28th, 2013
John WIlliams at www.shadowstats.com provides us with a comparative graph to show the reality of the U.S. Economy: This picture confirms what I see in my daily life. Restaurants are not as crowded, Walmart and Target are not as busy, and there are plenty of commercial properties ...
Posted in Biblical Economics & Money | Comments Off on A 1,000 Words
Wednesday, June 26th, 2013
Gold and silver are in the middle of another smackdown. This may be the one to test notable lows. Hopefully you are not leveraged up in this market. This does not look too good. The gold price was orchestrated downward by the central planners to remove most of us who ...
Posted in Biblical Economics & Money | Comments Off on It May Get Ugly!
Tuesday, June 25th, 2013
Early yesterday it was clear the markets were out of control. China had issued a statement about the excess leverage in its banking system. The world markets responded with substantial losses. The Fed and Chinese stepped in and eased the concerns and the Dow Jones Average recouped earlier losses of ...
Posted in Biblical Economics & Money | Comments Off on Out of Control
Monday, June 24th, 2013
There are simultaneous issues around the globe: In China, Their liquidity is under tremendous pressure. “The shadow banking system is now at $2 trillion and 50% of debt is rolled over every 3 months, and 75% of China’s debt is rolled over every 3 to 6 months.” This is ...
Posted in Biblical Economics & Money | Comments Off on Economic Danger in the short-term
Sunday, June 23rd, 2013
Bail-In Negotiations Continue Depositors’ money around the globe continues to be a target for the central planners. Rather than returning to laws that protect depositors from bank “gambling” activities in the derivatives arena, the focus is on how to keep taxpayers from taking on the burden of ...
Posted in Biblical Economics & Money | Comments Off on Latest Global Economic Tidbits
Saturday, June 22nd, 2013
I finally received my tax return for 2012 back from the tax authority. It puzzles me!!! They are questioning how many dependents I claimed. I guess it was because of my response to the question: ...
Posted in Biblical Economics & Money | Comments Off on Questions about your tax return?
Friday, June 21st, 2013
83% of the AAA rated Mortgage Backed Securities (MBS) created during the housing bubble were later downgraded. What is wrong with this picture? Pension funds are restricted to what investments they can acquire. Often, they can only acquire securities that are “investment grade” or AAA. A scathing article was written ...
Posted in Biblical Economics & Money | Comments Off on Exposing the Truth of Ratings Agencies & Others
Thursday, June 20th, 2013
This is the takedown I have been expecting. At this writing, gold has dipped below $1,300: Silver dipped below $20: This is the classic takedown play after the Federal Reserve’s meeting. The intent of this takedown is to dissuade investors from fleeing ...
Posted in Biblical Economics & Money | Comments Off on The Takedown is here
Wednesday, June 19th, 2013
The following site lists the Fed’s bailout recipients. If you have much money in any of those institutions, it might by wise to diversify. Even if they paid back the funds, they still may have the issue of mismanagement or a less than robust business model that put them on ...
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Wednesday, June 19th, 2013
The following chart shows the “official” position of both numbers: Calls for an audit of Official U.S. Gold Reserves have been left unanswered. The true public debt with unfunded liabilities moves the red much higher. Additionally, one of the most admired and read of the investment ...
Posted in Biblical Economics & Money | Comments Off on Debt versus Gold Perspective