Archive for the ‘Biblical Economics & Money’ Category
Friday, December 14th, 2012
On 12/12/12, Ben Bernanke announced a continuation of Quantitative Easing (aka money printing). John Williams at shadowstats.com made the comment: “The problem remains banking-system solvency; 2008 still is playing out. The Fed’s purported effort at attacking the weak economy (specifically unemployment), with debt monetization is nothing more than political ...
Posted in Biblical Economics & Money | Comments Off on QE3 continues on, and on, and on…
Thursday, December 13th, 2012
Once banks see that the regulators will not prosecute them, they look at fines as another cost of doing business. See: http://www.nytimes.com/2012/12/12/opinion/hsbc-too-big-to-indict.html?emc=eta1&_r=1&
Posted in Biblical Economics & Money | Comments Off on Too Big to Jail
Wednesday, December 12th, 2012
The Federal Reserve’s Ben Bernanke continues his plan: “The central bank replaced a more modest stimulus program due to expire at year-end with a fresh round of Treasury purchases that will increase its balance sheet. It committed to monthly purchases of $45 billion in Treasuries on top of the ...
Posted in Biblical Economics & Money | Comments Off on Happy 12/12/12
Tuesday, December 11th, 2012
Posted in Biblical Economics & Money | Comments Off on Historical View of the price of Silver
Tuesday, December 11th, 2012
It has been said that the 8th wonder of the world is compound interest. What were these guys thinking? See: http://www.npr.org/2012/12/07/166745290/school-district-owes-1-billion-on-100-million-loan
Posted in Biblical Economics & Money | Comments Off on Banking Magic: School District Owes $1 Billion On $100 Million Loan
Tuesday, December 11th, 2012
As I mentioned on Sunday, the Government Debt Bubble is now at epic proportions. It is also known as the Bond Bubble. Switzerland’s Bank of International Settlements is now warning of this bubble as well. See: http://www.arabianmoney.net/gold-silver/2012/12/10/swiss-bis-warns-of-another-2008-style-credit-bubble-about-to-burst/ You will notice that this articles speaks of gold and silver as ...
Posted in Biblical Economics & Money | Comments Off on Bond Bubble Warnings
Monday, December 10th, 2012
One of the primary attributes of lawlessness is that it thinks you get away with breaking the law. As a child you steal some candy and no one catches you. You were able to break the law and enjoy the candy. You receive temporary satisfaction but opened the door to ...
Posted in Biblical Economics & Money | Comments Off on Economics 101
Sunday, December 9th, 2012
Dollar Bubble and the Government Debt Bubble are the next on the list to pop. Self-serving politicians will not acknowledge the dramatic risks we are currently dealing with. We are borrowing money at level exceeding $1 Trillion per year. The Federal Reserve Bank is buying most of the debt. Where ...
Posted in Biblical Economics & Money | Comments Off on Bubbles Economy
Saturday, December 1st, 2012
If 535 politicians could not fix the “fiscal cliff” in 2011, what makes us think that they can fix it now? Total debt is higher and continues to grow. I would love to be optimistic about the current system but its underpinnings are based on the love of money-greed. Our ...
Posted in Biblical Economics & Money | Comments Off on Fiscal Cliff Observation
Friday, November 30th, 2012
With interest rates hovering close to zero and true inflation much higher, the bond market is poised to have its bubble burst. The talk of energy independence of the U.S. is smoke and mirrors. I expect $3.75 natural gas to become history when exploration companies finally run out of cheap ...
Posted in Biblical Economics & Money | Comments Off on Bond Market Bubble ready to burst