Archive for the ‘Biblical Economics & Money’ Category

Plausible Deniability

Wednesday, April 24th, 2013

“A condition in which an official can safely and believably deny knowledge of any particular truth that may exist because the official is deliberately made unaware of said truth so as to benefit or shield the official from any responsibility associated through the knowledge of such truth.”

How many leaders hide behind “plausible deniability”?  Probably most of them.  This legal maneuvering is one of the many tools used today in the current system to manipulate, mislead, and promote an agenda of self preservation and power.

We have all been a participant in lies, whether active or passive.  The question is are you moving toward truth and light or are you further digressing toward death and destruction?

John 8:31   Then Jesus said to those Jews who believed Him, “If you abide in My word, you are My disciples indeed. 32 And you shall know the truth, and the truth shall make you free.”

Within truth is freedom whereas within lies are bondage and slavery.  Do you want to be set free?  Quit lying about your situation.  Shed the illusions that have taken up so much energy to maintain.  The Kingdom of Truth is coming (aka Kingdom of Heaven).  If you have been on a path that supports illusion rather than reality, stop!  Repent and turn away from the lies.  Then, do nothing.  Seek Our Heavenly Father and do nothing until HE speaks.   The light of the Word will expose any lies that have been hiding in the recesses of your soul.  Let the fire cleanse you and set you free.  Once this happens, stability of the truth comes.  You will become a reliable and credible witness for Our Heavenly Father to use.  You will be entrusted with Divine Instruction to spread forth the True Doctrine from Above.  Others will look to you for stability.  Their lies will then convict them and truth will spread abroad into their hearts.

Jesus called did not hold back in exposing what was in the hearts of men:

John 8:37   “I know that you are Abraham’s descendants, but you seek to kill Me, because My word has no place in you. 38   I speak what I have seen with My Father, and you do what you have seen with your father.”

39   They answered and said to Him, “Abraham is our father.”

Jesus said to them, “If you were Abraham’s children, you would do the works of Abraham. 40   But now you seek to kill Me, a Man who has told you the truth which I heard from God. Abraham did not do this. 41  You do the deeds of your father.”

Then they said to Him, “We were not born of fornication; we have one Father—God.”

42   Jesus said to them, “If God were your Father, you would love Me, for I proceeded forth and came from God; nor have I come of Myself, but He sent Me.43  Why do you not understand My speech? Because you are not able to listen to My word. 44  You are of your father the devil, and the desires of your father you want to do. He was a murderer from the beginning, and does not stand in the truth, because there is no truth in him. When he speaks a lie, he speaks from his own resources,for he is a liar and the father of it. 45  But because I tell the truth, you do not believe Me. 46  Which of you convicts Me of sin? And if I tell the truth, why do you not believe Me? 47  He who is of God hears God’s words; therefore you do not hear, because you are not of God.”

Plausible deniability has at its source the father of lies.  This should tell you what is the ultimate outcome of those who hide behind the “letter of the law”.  Follow truth in Love and all will turn out well for you.

Where’s the Gold?

Tuesday, April 23rd, 2013

I have now heard three reports where people tried to get their gold from their depository and were denied.  The futures (paper) market was supposed to have been based on actual physical supply, similar to the grain market.  It now appears that there is no physical gold to back the paper market.  Instead, the depositories will only settle in cash, not the metal they were supposedly holding as fiduciaries for future delivery.

Bullion bank defaults may be on the horizon.  Large investors as well as sovereign money are taking delivery of physical gold.  25 tons per day are leaving London right now.  Over 1,000 tons have been recently acquired by the “Kings of the East”.  Unless gold or silver is in your control, you may not own the metal, just a contract to be settled in fiat currency.  The collapse of the paper market may soon be upon us and the manipulation and lies will be exposed for all to see.  What do you think will happen to the price of gold and silver?

The Masses are catching on

Monday, April 22nd, 2013

The Cyprus event where the central planners attempted to confiscate personal wealth has gone viral, thanks to the Internet.  The result?  The public is now becoming aware that there is only one way to protect your wealth- remove it from harm’s way.

The current system has been based on the fact that depositor money was safe from confiscation of any type (except the taxing authority who had a lien in place).  Once the central planner put confiscation on the table, they opened Pandora’s box.  Until then, they could manage the price of gold and silver and convince the public that these metals were ancient relics and were no longer viable as stores of wealth.   Wrong!

The following screenshot provides perspective of the demand for silver as of this morning:

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It has been reported that there are 50 buyers to every 1 seller.  I would suggest the above provides some credibility to that statement.  Instead of scaring the public away from gold and silver, the central planners have done the opposite.  You should expect premiums over spot price to rise as it appears that the paper market is becoming quite fragile and may end up imploding.  The physical market will prevail and uncover the manipulation by the bullion banks.

What does everyone ultimately want?  The truth.

I have prepared for another takedown of the price of gold and silver, possibly to the $1,260 range for gold.  If that happens, I will be prepared to add to my position of my favorite gold and silver stocks, as little as it may be.  This may be the last time I will be able to buy at such a discount.  What will I do if gold does not drop?  Smile!

Morally Tainted

Saturday, April 20th, 2013

In about 45 minutes, you can get an idea of the drama concerning gold and silver.

The following provides an independent view of the recent history of gold, the manipulation of the price of silver, and the leasing of gold:

 

 

 

The Real Numbers

Thursday, April 18th, 2013

From John Williams’ Shadowstats.com:

Gold Strength Has Been Fundamental, Not Speculative,
and Unavoidable Fundamentals Promise Much Higher Gold Prices

March Year-to-Year Inflation: 1.5% (CPI-U), 1.3% (CPI-W), 9.1% (ShadowStats)

March Real Retail Sales Fell by 0.25%;
Annual Real Growth Signaled Intensifying Downturn

March Production Gain of 0.4% was 0.1% Loss,
Net of Unseasonable-Weather Boost to Utilities

March One-Unit Housing Starts Fell 4.8%, in Low-Level Stagnation,
Multiple-Unit (Apartment) Starts in Recovery

I recommend a subscription for those who want the detail.  He is the most credible source of government statistics that I know of.

I suspect there may be another attempt to slam the price of gold down to the $1,250 range.  If I were on the other side, that is exactly what I would do in an attempt to further frustrate the holders of gold and the related stocks.  As you can see from the above statistics, the economy is not improving thus there is no “fundamental” reason for the price of gold to decline.

I plan to be a buyer of precious metal stocks if that occurs and I have some cash to spare.  If it does occur, I want to personally thank the other side for providing these purchases at such discount.  I thoroughly enjoy a sale!

Fed and Bank of Japan caused gold crash

Thursday, April 18th, 2013

I agree.

See: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10001937/Fed-and-Bank-of-Japan-caused-gold-crash.html

They will do whatever they can to save their fiat currencies.

The Dollar Bubble

Thursday, April 18th, 2013

By my best reckoning, we are in the midst of a Dollar Bubble.  It is difficult to be inside a bubble and comprehend the magnitude of the problem for everything looks rather calm from the inside looking out.  Once the bubble bursts, chaos ensues.

Financial repression has become a way of life here.  My parents earned 5% at a minimum on their passbook savings for decades.  Now, you must take notable risks to get the same return on your money.  My parents’ generation were born in the 1920’s and 30’s when people had virtually nothing.  They had one pair of shoes for special occasions and often walked barefooted the rest of the time.  Today, our closets are loaded with shoes and we think nothing of it.  They were savers, my generation has a pathetic track record of saving.  We are a generation known by excess consumption.  My generation will expect the government to sustain the quality of life we have grown accustomed to.  The baby boomers elected officials who knew how to schmooze us by tickling our ears with promises that can never be fulfilled. 

Our economy is based on a lie.  When Nixon closed the gold window in 1971, we began the lie.  Our currency, once supreme, was now on a road of depreciation.  Our manufacturing prowess was second to none.  CEO’s figured out how to slide greed into the corporate way of thinking by moving manufacturing out of the U.S. and pumping up profits… and their bonuses.  Globalization was promoted and the disparity would soon pull values downward.  The era of consumption will end abruptly.

Long-term energy supply will not sustain the current global growth rate even with intermittent slowdowns.  People want to travel, stay warm, stay cool, and have nicer houses.  It all takes energy.  Long-term demand exceeds long-term supply yet the price of oil slides.  This is based on manipulation in the futures market.  High prices encourage conservation but greed could care less.  I wonder who will cut down the last tree?

Banks are run by “felons” who are too important to the system to prosecute.  They have effectively been given amnesty for any acts of fraud as they continue to run global bank operations.  The banking system is currently in power.  Yes, they are too big to fail.

In the past week, the banks have obliged the central planners by attacking the canary in the cage- gold.  Why would the focus be on such a small market relative to other sectors of the economy?  This is the one sector tied to money,  the medium of exchange.  They are trying to manipulate the reality that gold reflects value.  For centuries, gold has done its job against all odds.  Men have tried to replace it with their own creations but it has continued its job as time marches on.  This time will be no different.  Gold and silver will once again survive man’s attempt to eliminate its function.  The canary will survive and alert us that the bubble is on the verge of bursting.  When it does, we will need to be grounded in Love.  Maybe that is why Our Heavenly Father had a guy with a financial calling to focus on this subject.   Hmmm!

Three Global Economists speak:

Wednesday, April 17th, 2013

All is well, don’t worry, by happy!

Relentless Pounding continues

Wednesday, April 17th, 2013

The Agents of the “current powers that be” continue to pound away at the price of gold, silver, and the related stocks.  If one did not buy on margin, then the losses only occur if you sell out, and that is the hope of those who are pushing down the price.

Has the macroeconomic picture improved to cause a flight from gold & silver?  No, each day moves us closer to an epic negative economic event.

In the early 80’s, we purchase a property on the Gulf of Mexico.  The late 80’s cause property prices to lose 65% of their value.  However, in 1996 we sold the property for 2.8 times of our original purchase price.  Was it a good deal?  Yes.  Did it look ugly in the late 80’s?  Absolutely.  If you have never experienced a swing in prices, it can be unnerving.  A little gray hair with some experience behind it helps when major events are unfolding.  Some look fearful, I am looking at my next purchase (as soon as I get some more cash).

In a recent interview, Richard Russell, a well-known investment newsletter writer said:

“What do billionaires Warren Buffet, John Paulson, and George Soros know that you and I don’t know?  I don’t have the answer, but I do know what these billionaires are doing.  They, all three, are selling consumer-oriented stocks.  Buffett has been a cheerleader for US stocks all along. “

Shares of Johnson and Johnson, Kraft, Procter and Gamble, Intel. GM, IBM, Sara Lee, JP Morgan, Citigroup and Goldman Sachs were all listed as being sold by one or more of these billionaires.  It the future was bright, these guys would be adding to their positions, not reducing or eliminating them.

This would indicate that these three are not optimistic about the recovery in the U.S.  They have been right more often than most.

The Grand Slam

Monday, April 15th, 2013

No, I am not talking about Denny’s breakfast.  Gold, silver, and related stocks continued their “slam” today as margin investors had to liquidate holdings, even grandma’s jewelry.  It was a good day to add a few shares of stocks you believe in.  The macroeconomic picture has not improved but only worsens day by day.  The volatility is as predicted.  Once the margin investors are out of the picture, prices will firm up.  I hope they stay low until I get some more cash to buy at these levels.  I do not recommend you follow suit unless your licensed professional investment advisor recommends any purchases.

Is the Federal Reserve increasing the quantity of dollars every month by $85 billion  Yes, they are further debasing the dollar by transforming debt into currency.

Is the unemployment higher today than it was 7 years ago?  Yes, the economy is not in recovery.

Is the euro strong?  No, It goes from one crisis to another.  The Dutch Finance Minister to the EU wants to confiscate depositor money in banks in Cyprus and use it as a template for future bailouts.

Is the yen going to strengthen?  No, the Japanese government and central bank are debasing the yen even more rapidly than than the speed at which currencies of other industrialized countries are being debased.  The population will look to precious metals as an alternative.

Today’s action will help remove the feint of heart from the market.