How will this be paid for?
Archive for the ‘Biblical Economics & Money’ Category
A Graphic Reality
Friday, November 30th, 2012Force Majeure at two depositories?
Thursday, November 29th, 2012CME Declares Force Majeure at Manhattan Gold Depository
CME announced that it’s Manfra (MBT) bullion depository can’t deliver bullion right now because of Sandy (force majeure):
http://www.fxstreet.com/fundamental/analysis-reports/gold-investments-market-update/2012/11/27/
It is highly unusual and unlikely that the true issue is a result of Hurricane Sandy. Vaults are designed to withstand every type of “act” of nature.
Somebody wants their gold and there may not be enough to deliver!
Fiscal Cliff Source
Tuesday, November 27th, 2012Today, an article was published that further expands on comments I made in an earlier blog:
http://finance.yahoo.com/news/why-16-trillion-only-hints-040600503.html
The question is asked: Why haven’t Americans heard about the titanic $86.8 trillion liability from these programs?
If you have been reading our blogs over the last few years, you have heard about this issue. The mainstream media has no interest in “telling it like it is”. Objective reporting was lost some time back. They are now in the “perception” business.
Hyper-inflation is the real risk with this kind of liability. The government is borrowed up to the hilt. The only viable means of repayment is with depreciated dollars. Then the bond market will retaliate by increasing interest rates thus causing a deeper deficit. There is not a painless outcome on the horizon.
The Human Agent of the LORD: Part 2
Thursday, November 22nd, 2012As mentioned before:
In Acts 16, Paul is given a vision:
9 And a vision appeared to Paul in the night. A (certain) man of Macedonia stood and pleaded with him, saying, “Come over to Macedonia and help us.”
Thus Paul and Silas headed to Macedonia to preach the Gospel. A certain slave girl possessed with a spirit of divination, a human agent of the spirit of Python, attempted to distract and misdirect Paul ever so slightly. She prophesied a truth but was motivated by the wrong spirit:
17 This girl followed Paul and us, and cried out, saying, “These men are the servants of the Most High God, who proclaim to us the way of salvation.”
18a And this she did for many days.
What she was the truth but was not appointed by Our Heavenly Father. At first I am sure that Paul’s entourage was excited about these words of encouragement that confirmed his calling for “this she did for many days”. Paul finally sensed a distraction to his mission:
18b But Paul, greatly annoyed, turned and said to the spirit, “I command you in the name of Jesus Christ to come out of her.” And he came out that very hour.
It is clear that Paul did not immediately detect the issue or he would have commanded the spirit to depart immediately. It was not until he realized that she initiated a subtle distraction that greatly annoyed him did he take action. Once he no longer had peace in his spirit did he realize the issue. Distraction from our calling causes misdirection and it is ever so subtle. Suddenly one day we wake up and realize we are focused on activities and events that have nothing to do with our calling but are now preoccupying time. We are human agents of Our Heavenly Father to bring forth the Kingdom. We cannot do this in a distracted state.
Once Paul removed her money making gift, he and Silas became targets for her owners. Now Paul and Silas are “troubling their city and they teach customs which are not lawful for us, being Romans, to receive or observe.”. The fact is that Paul and Silas upset the Babylonian system of greed, the love of money. They were then thrown in prison. The Law of Love of the Kingdom was being challenged a lower kingdom. The kingdom of Python was being challenged by the Kingdom of GOD.
Paul and Silas were given many stripes on their back and then cast into prison. They were then thrust into the inner prison with their feet in stock… maximum security. Could a maximum security environment keep Paul and Silas from their calling?
25 But at midnight Paul and Silas were praying and singing hymns to God, and the prisoners were listening to them.
26 Suddenly there was a great earthquake, so that the foundations of the prison were shaken; and immediately all the doors were opened and everyone’s chains were loosed.
Our Heavenly Father will do whatever is necessary to remove the roadblocks from your calling. You must stay focused on HIM rather than the adversity before you. The adversary will test you even to the extreme, especially when you challenge his territory. His authority is subject to the ultimate authority of the Most High God and HIS Divine Court. Paul and Silas were beaten and imprisoned under false pretense thus they had a right to seek judgment in the Court. They prayed and won the verdict. Our Heavenly Father responded and freed their shackles. The spirit of Python lost the case. In addition, Paul led the prison warden to salvation thwarting the warden’s plan to commit suicide. The warden’s entire household was saved and baptized that night. Can you imagine the changes to the prison afterward?
Paul and Silas were the human agents selected to bring for the Gospel to Macedonia. The job may seem to be glamorous until you read of them being beaten with stripes and thrust into prison. How many of us would want that calling?
Back to the coin that represented victory over Python (from the previous blog)…
I had been carrying the coin as directed by Our Heavenly Father. I was pursuing my calling as “Treasurer” and had an opportunity to discuss some funding projects in China that would generate notable income which could then be used to fund and establish the Kingdom. An associate and I went up to Toronto to meet with three Chinese men. The leader of these men was esteemed by the community. No one would look him in the eye. He spoke little English so one of the other men translated for him. We met at a Chinese Restaurant in the Chinatown district of Toronto. This was fourteen years ago now. Our table was sectioned off with movable partitions for privacy. We began what seemed to be a twelve course meal. Both parties began assessing the other. Much tea was served so from time to time each of us would excuse ourselves to the restroom. While I was in the restroom, Our Heavenly Father spoke to me. HE said, “Take out the gold coin and give it to the leader but only after you explain in a generic sense how you were given the coin”.
I returned to the table and did as I was directed. I told the story and then unexpectedly displayed the coin and told the leader “The GOD of Heaven and earth directed me to give you this gold coin”. Immediately both associates cried out “He is the one, He is the one”. Obviously I was taken back. The atmosphere surrounding the meeting immediately changed. Suddenly we were embraced by these men and were then told the story:
The leader, let’s call him Sonny, had been in China meeting with a certain “Old Man” who has authority over a substantial portion of China’s wealth. The man I gave the coin to was his protégé. While Sonny was with the Old Man, he was led to give him a special lapel pin with a specific precious stone in it. When he did the Old Man began to weep. Inquisitive, Sonny asked the Old Man what happened. “Fifty-five years ago I was given a vision that someone would give me the pin. This would confirm that he would be my successor. He will then meet with two “white” men and one of them will give him a gift. That man has been selected to work with and have authority of the treasure of China as well.” Sonny and his associates had been waiting the arrival of the two “white” men. Little did I know that Our Heavenly Father had orchestrated the whole encounter which had begun before I was formed in the womb. I now had a covenant over the wealth of China.
I was invited to go and view the “treasury”. However I did not perceive that it was time. To this day I have not been led to go and have lost contact with Sonny. No problem. I am not concerned about it since I know that Our Heavenly Father will bring forth the manifestation in HIS timing. Had I begun working with their wealth at that time, I now see that I was not ready to walk out the calling. Just as Paul needed to go through a fourteen year training period, each of us must go through our extensive training. We must mature to the point that when we are challenged by spirits such as Python, we don’t fold under pressure. Those who are led by the love of money will pull out all stops in an attempt to maintain control over wealth. A financial calling isn’t as glamorous as one would think.
The (certain) man of Macedonia stood and pleaded must have been an angel requesting Paul, the human agent, to come and deal with Python. Paul was prepared and willing to deal with any situation that arose. He knew what he was called to do. Nothing would ultimately distract him from his calling and he was given the needed tools to deal with whatever situation arose.
The Fiscal Cliff
Wednesday, November 21st, 2012Some summary observations based on my understanding and supported by past blogs:
By 2004, the U.S. budget deficit was out of control.
Using Generally Accepted Accounting Principles (GAAP), the deficit of 2004 was $11.0 trillion versus a reported $412 billion cash-basis deficit. The true annual deficit is running about $5-7 trillion per year since 2004.
No amount of spending cuts or tax increases could ever bring forth a balanced budget unless you slash the “entitlement” programs that remain politically untouchable.
Unless there is a miracle, the United States will have hyperinflation by 2020, where the Fed will have no practical choice but to the print the money the U.S. needs to cover its obligations. The U.S. dollar will be highly inflated and will be worthless, reflecting a full loss of purchasing power.
The U.S.Government and consumers have been living beyond their means supported by excessive and unsustainable growth in debt. The Federal Reserve’s Alan Greenspan strongly encouraged the excessive growth of consumer debt as a way to support economic activity, continuously borrowing economic growth from our children’s future.
A day of reckoning must come. In September of 2008, the U.S. financial and banking systems came to the brink of collapse. To prevent the collapse, the Fed and the U.S. government created, spent, loaned, guaranteed, and gave away whatever money was necessary to counteract the impending collapse in order to keep the system afloat. This only served to delay the inevitable.
The economic and systemic-solvency crisis is still occurring. The ultimate costs for saving the system will occur through inflation and the eventual full debasement of the U.S. dollar. The timing for the highly likely hyperinflation is between 2013 and 2020.
The official double-dip Great Recession is at hand and a hyperinflationary great depression should be in the works by the end of 2014, where disruptions to the normal flow of commerce from the hyperinflation will push the economy into a great depression.
To prevent the loss of global confidence in the U.S. dollar from evolving into a hyperinflationary collapse of the U.S. currency, the federal budget needs to truly be balanced, in terms of GAAP-based accounting. The probability of this happening is virtually zero. Those receiving entitlements will remove any politician who attempts to cut their primary support for existence. The extreme economic pain that would follow such attempts will keep politicians from stepping up to the painful task.
There is no possible way of balancing the deficit without a major restructuring of the “entitlement” programs. There are not enough taxes that can be raised, or enough spending that can be cut otherwise, that would balance the actual deficit. In the current structurally-impaired economy, there is no way of generating enough new economic activity to grow out of the deficit.
Holdings of physical gold and silver and other stores of wealth may be the best defense for the difficult times ahead. Real estate and gold-mining stocks may prove beneficial in the longer term.
I do not give investment advice but I have personally invested in hard assets and stocks as mentioned above. More importantly, I recommend de-leveraging by paying off debt and purchasing with cash rather than using new debt. You should make your own determination of how to invest by seeking counsel of a qualified financial consultant. Most importantly, you should seek the guidance of Our Heavenly Father in how to position yourself in the near future. If these events do occur, those who have been prepared by Our Heavenly Father will be used to bring forth HIS Kingdom as the current system fails. Man’s reliance on Mystery Babylon will evoke some level of chaos, rage, and anger. The Love of Our Heavenly Father will counteract the fear, uncertainty, and doubt brought on by the collapse of the former system. Thy Kingdom come, Thy Will be done.
Where’s the gold?
Tuesday, November 20th, 2012I tend to agree with Sprott’s analysis and assessment.
Gold continues to be reaffirmed
Wednesday, November 14th, 2012Under the current economic system, gold and silver are true money, both have no liabilities attached to them. All other forms of money (fiat currency) have some form of liability attached to them and thus their value is not fixed. The framers of the US Constitution established the dollar and was further defined in 1792 but that has long since been abandoned without much fanfare.
“U.S. Treasury Delays 2012 GAAP-Based Financial Statements Until Mid-January” is a troubling press release. How in the world could a government agency with plenty of computing power fail to do its job? If the numbers were positive, I am sure there would have been no delay. This could only mean that they are bad and there needs to be some additional “massaging” until they can be interpreted to be acceptable. Recent snafus in the jobs numbers reporting can only be interpreted as a further decline in US economic activity. Ben Bernanke reaffirms the Fed’s purchasing of Government debt with money created out of thin air.
How long will the market accept these actions? Only Our Heavenly Father knows. The longer these suspect actions are taken, “the worse the problem”. The fiscal cliff will not be resolved but a huge Band-Aid will be placed over the problem and we will be assured that all is well and on the way to recovery. In the meantime, look for entitlement reform to take place. This means that all those who receive payments from Uncle Sam will come under the magnifying glass. They will attempt to renege on the commitments that we have spent a lifetime paying for. Isn’t that lawlessness?
How can I keep the value of my life savings intact? I don’t give investment advice but as for my family, we believe investing in hard assets has the greatest chance of retaining value. Investing in my business is another avenue. I am staying away from bonds since I believe that they are in a bubble and will burst soon, causing major destruction to retirement accounts.
My best investment is to continue maturing in my relationship with Our Heavenly Father. Answers to all of our problems are to be found in the Heavenlies. How do we tap into those solutions? By lawfully accessing them. Our fleshly nature will not have access since its motivation is lawlessness. Our new man will be given access since it operates by Love and will only use the solutions to bring forth life and help mankind.
By the way, China also reaffirms gold:
Economic Pain may be deferred
Wednesday, November 7th, 2012In a recent blog, I suggested that there would be a time difference of economic pain depending on which candidate won. It would now appear that we have been given a reprieve an immediate currency event. This delay will serve the Body of Christ to continue its preparation of bringing forth the Kingdom. Ben Bernanke will not be fired but will continue his quantitative easing path. Of course I believe Our Heavenly Father is in ultimate control and Obama has been ordained to continue for the next four years.
The fiscal cliff is ahead but I know of no country that wants to see an immediate US crisis. China is not quite ready to take on the central role but they will continue to move away from reliance on the US Dollar. Their leaders openly acknowledge that the US is sending them a depreciating asset in the US Dollar. Right now, there is nothing they can do but to accept this reality. Long term, they will remove the influence of the Dollar on their economy.
The aspiring overcomers should use this delay to further prepare themselves for a simplified, unencumbered lifestyle. Remove the clutter from your life as well as your home. Retire your debt, you will sleep better. Debt always takes the focus away from other more important matters. Join us for our weekly Bible study as we focus on the Love of Our Heavenly Father. You can catch up be watching the recorded sessions.
The Timing of Economic Pain
Sunday, November 4th, 2012The next four years are probably the most critical years in my economic lifetime. My parents were able to ride the wave of postwar prosperity and enjoy relative stable rates and a stable economy throughout their later years. 5 to 7% interest on their retirement allowed them to live a moderate and simple lifestyle without much worry. I am thankful for that. There now appears to be an abrupt end to that relatively stable economy in sight. One presidential candidate will probably cause an economic collapse in six to nine months whereas the other will attempt to postpone one until the 2016 time frame. Either way the time is now for those of us who are called to become mature Sons to set aside every weight that so easily besets us.
On Tuesday the people will select their perceived future. Hurricane Sandy (defender of mankind) has impacted the campaigns substantially. How will the people view the two candidates in light of the recent disaster? Since I believe that Our Heavenly Father’s plan will be carried out either way, I believe each candidate can take us to the final destiny even though their paths appear to be different. There is so much social change occurring right now that the polls really have no clue. In the recent Lindsay Williams’ interview, he believes the globalists want Mitt Romney to take the helm. This would speed up their attempt to move us to a one world currency after the US Dollar’s collapse. He contends that Obama double-crossed the “Elite” and they are going to make him a one-term President. Either way, my focus will be on the intimacy of my relationship with Our Heavenly Father, looking to Jesus Christ as my example, and the Most Holy Spirit to draw me into the Holy of Holies on a daily basis. Being led by the Holy Spirit and being one with THE FATHER and THE SON will take me through any economic crisis that mankind can throw at me. Our fruitfulness is what will nourish the earth in the coming times of economic upheaval.
Turbulence expected ahead
Saturday, November 3rd, 2012John Williams of Shadowstats.com writes:
“U.S. Presidential Election. On Tuesday, November 6th, voters will select the President of the United States who will serve for the term extending from January 2013 to January 2017. Regardless of whether Barrack Hussein Obama or Willard Mitt Romney wins the election, the next presidential term most likely will see the onset of a domestic, hyperinflationary great depression. That is the ultimate domestic financial disaster that has been predicted here for a number of years, with an outside timing of 2014 . While the longer-range outlook should not be affected much by the election results, the impact of a very-short-lived shift in global confidence in the U.S. dollar is a possibility.”
I pay particularly close attention to John’s comments because he takes the US Government’s own raw data and calculates the various statistics based on historical apples-to-apples comparisons. His statistics are not manipulated to present a rosy picture but he simply “tells it like it is”. Like Joe Friday on Dragnet would say, “Just the facts Ma’am”.
I don’t write these blogs on Biblical Economics to evoke fear in people. Instead I try to prepare people for change I see coming. I don’t expect the world to end but expect a new Kingdom to come forth. For this to happen the old kingdom must give way for the New Kingdom to come. The change will be massive and I believe Our Heavenly Father is preparing our hearts for this change. The destruction of the old kingdom will not take HIM by surprise but HE is preparing the hearts of those who are called to be raised up during the coming change. The challenges will be great but I expect the miracles to exceed the challenges. Just as the challenge of cancer is great at a personal level, the healing of cancer exceeds the sickness. We must always remember that the Creator is always greater than the creation. Our Heavenly Father is well equipped to resolve any and all global issues. HE will use those whom HE is raising up to deal with the issues at hand. They will be the mature Sons who will perfectly represent HIS best interest because the hear HIS Words and have taken on HIS character- Love. Those are the ones who will be raised up to produce fruit for the Kingdom to come.