Archive for the ‘Biblical Economics & Money’ Category
Sunday, November 27th, 2011
Jubilee is the “writing off of debt” and liberates the debtor. We were encouraged by the banks to gamble on the rising prices of housing, a wrong assumption. Without the jubilee, the current system’s best case scenario is two decades of a Japan-like economy. Worst case is the “Greatest Depression”. ...
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Saturday, November 26th, 2011
Capital moves from country to country like a loaded loose cannon on a ship's deck in a rough sea firing away in an unpredictable fashion. Once the Euro begins its collapse, capital will flee to the U.S. Dollar causing its value to temporarily increase. In turn, this may put pressure ...
Posted in Biblical Economics & Money | Comments Off on Hyperinflation Risk is increasing
Sunday, November 20th, 2011
Gordon Chang has recently written a book named “The Reasons for China’s Imminent Bust”. His comments: We are seeing signs of deterioration in China’s economy. Month on month, the economy is no longer growing and energy consumption is at zero growth as car sales are down 5%. He believes ...
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Friday, November 18th, 2011
Let’s get complicated for a moment: MF Global bet on European Bonds, lost, and filed bankruptcy on October 31st and the brokerage accountholders got tricked! Happy Halloween! $869 million were frozen since October 31 across commodity customer accounts that contained only cash, bankruptcy trustee James Giddens has said. Gerald ...
Posted in Biblical Economics & Money | Comments Off on The Rule of Law is disintegrating
Thursday, November 17th, 2011
The CBS series “Sixty Minutes” aired an investigative report on members of Congress using their offices to gain information for personal financial gain, aka insider trading. Once again, it appears that there are two sets of rules: one set for those in power (the 1%) and for the rest of ...
Posted in Biblical Economics & Money | Comments Off on Shock & Appall
Tuesday, November 15th, 2011
During our recent holiday in Australia, we were beat up severely with the exchange rate from US Dollars to Aussie Dollars. Arrrgh! We give them $100 for about $90,,, so much for the published rate. On top of that, prices reflect rates of yesteryear, a double whammy. $21 breakfast anybody? ...
Posted in Biblical Economics & Money | Comments Off on The Continued Depreciation of Currencies
Friday, November 11th, 2011
As of the writing, in the last 168 hours Oklahoma has had 26 earthquakes out of 89 earthquakes listed for the U.S. and territories. In one day, we had 4 tornadoes and a 4.7 earthquake.
Posted in Biblical Economics & Money | Comments Off on Interesting Times: Quakenado
Thursday, November 10th, 2011
We have written much about the importance of gold & silver as stores of value. Now, officials in the G20 have figured out that Germany’s gold reserves could help the European crisis but Germany says “No Deal”. What this reply tells us is that gold reserves are now in the ...
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Wednesday, November 9th, 2011
We just returned from over two weeks Down Under and lived among the Aussies. People are fundamentally the same everywhere. Families love their kids and watch over them. People are friendly and helpful. The prices in Australia were notably higher than the U.S. They pay about $6 per gallon for ...
Posted in Biblical Economics & Money | Comments Off on Recap of recent events
Wednesday, October 19th, 2011
Ex Nihilo means “out of nothing”. Frederick Hart carved a sculpture named Ex Nihilo, the Creation of Mankind out of Nothing, as Narrated in the Book of Genesis. He believed that order was established out of chaos and depicted The Beginnings in his sculpture. This sculpture was the inspiration for ...
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