Archive for November, 2011
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”. ...
Posted in Biblical Economics & Money | Comments Off on Jubilee of Debt… finally
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
Thursday, November 24th, 2011
Gratitude is the key to the heart. I would suggest that we expand Thanksgiving to 365 days per year and begin when we wake up in the morning. The Psalmist agrees: Psalm 18:49 Therefore I will give thanks to You, O LORD, among the Gentiles, And sing praises ...
Posted in Uncategorized | Comments Off on Happy Thanksgiving!
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 ...
Posted in Biblical Economics & Money | Comments Off on China’s Imminent Bust
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
Saturday, November 12th, 2011
Peter flies 1st class (of course) He goes undercover He hangs out with “The Babes” He goes to the Blue Mountains He takes the driver’s seat on the funicular railway… Look out below!! ...
Posted in Love | Comments Off on Peter Rabbit takes Australia by storm
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 ...
Posted in Biblical Economics & Money | Comments Off on Is Germany’s Gold Bullion on the table?