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Posts Tagged ‘gold’

More talk about the US and China switching places.  Here has been a lot of talk about this over the last few weeks.  It is really becoming more of a “when” question than “if”.  It is something we need to prepare for, America is not a big player in the end times.  We have been a major tool of God to spread His Word but we have fallen and are still falling…

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US Is ‘Practically Owned’ by China: Analyst

The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm Rivington Street Holdings, told CNBC.com Monday.

Gold [XAU=X  1315.55  6.75  (+0.52%)   ] hit a new record high Monday and silver [XAG=X  22.03  0.16  (+0.73%)   ] rose to another 30-year peak as investors were worried about the dollar weakening further after the Federal Reserve hinted at more quantitative easing last week.

The US trade deficit and debt continue to grow and the authorities are reluctant to address the problem, preferring to print money, Winnifrith said.

“America is practically owned by China,” he said.

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Warnings to make sure our priorities are in order.  We need to be concerned about our finances to a point but not to a point of obsession or fretting.  I like his quote at the end:

“He advises the best investment is for people to humble themselves, pray and seek God’s face, and turn from their wicked ways — a reference to 2 Chronicles 7:14.”

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Silver, gold prices coming down?

Gold barsBased on the information from today’s media, it may not seem plausible to think the gold and silver boom could become bust, but one investor points out that the bubble could soon reach its end.

Every day there are advertisements, sometimes during every commercial break, that proclaim even though gold and silver prices are at an all-time high, they will only get higher. But Art Ally, president of the biblically minded investment group The Timothy Plan, says it is possible that the industry could soon hit rock bottom.

Art Ally (more…)

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Great article on nations world-wide beginning to falter and crumble.  They have based their governments on failed ideas and policies: fiat currency, spending driven economy, huge debt, no balance, tax the few to support the many.

It is the same all over, all that have tried it, are failing.  But it is not just a reflection on the failed ideas, it is setting the stage for one world government.

There are several articles I have posted on their plans, just sort by the “one world government” category on the right.

The stage is set. When will enough domino’s fall?  What will be the trigger?

Again, great article.

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Signs Of A Crumbling Regime

September 20, 2010 by Bob Livingston

Signs Of A Crumbling Regime

Can you see it? The signs are everywhere. The regime is crumbling.

No not the President Barack Obama regime, though that is part of it; maybe even the catalyst in the United States, at least. I’m talking about the regime in general; the system.

You can see it in places like Greece. There the government has been fighting for its economic life. Years of socialist redistribution — theft from the producers to finance the growing State leviathan and unionized public and private sector employees — have caught up.

The government is now instituting “austerity” measures. It has to. It can’t meet its obligations. So it’s cutting back on growth in salaries, vacation days, benefits and pensions. Unionized public works employees and service employees aren’t happy their gravy train has jumped the tracks. They strike and riot. Greece may or may not survive.

Much the same is going on in other parts of Europe. The French government’s plans to save money by raising the retirement age to 62 from 60 sparked a one-day strike among workers from the public and private sectors in transportation, education, justice, healthcare, media and banking.

The “little people” are waking up to the fact that their governments — the elected class — have done them a disservice. Their regimes, financed by fiat money and having positioned themselves as the “Great Nannies,” are unable to fulfill promises of utopia, wine and roses.

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Financially, we are being herded into very narrow options.  Our government is needing to control us to a point of no options, all to keep up the illusion and deception that they can fix our economy or that it is built on sand.

Basic finance tells you that in down times, you head to bonds and t-bills.  If you don’t trust bonds and t-bills, then you head to Gold, Silver, or physical assets to preserve your wealth and wait out the down times till you can buy back in.

What the government is doing is forcing us down a funnel.  The GM and Chrysler fiasco last year paired with the struggling states and cities has tainted the bond market.  With the unknown health of the US government and the Feds willingness to print currency to cover debt, T-Bills are unattractive.  That left Gold, Silver and other physical assets.  Physical assets, real estate, has taken a large hit, which left Gold and Silver. 

“Just as the government is trying to prevent people from investing in anything other than T-Bills by raising taxes on taxable interest and dividends to confiscatory levels, it’s also trying to prevent you from parking your wealth in assets, like gold, that compete with the paper dollars issued by the Federal Reserve and the Treasury.”

This last resort investment is the newest target of the government to attempt to drive investors back into T-Bills all under the deceptive guise of protecting the consumer from unscrupulous gold vendors.  It could be political too.

… a September 23 hearing of the Subcommittee on Commerce, Trade, and Consumer Protection… will focus on “legislation that would regulate gold-selling companies, an industry who’s [sic] relentless advertising is now staple of cable television.”

…”Under Rep. Weiner’s bill, companies like Goldline would be required to disclose the reasonable resale value of items being sold.”  That’s great.  Are Mr. Weiner and Chairman Bernanke also going to agree to print on every dollar the reasonable expectation that its value will be eroded by inflation?

And why do they feel such excess is needed:  The fear of hyperinflation.  But….

The whole situation is amazing. If Mr. Weiner really wants to calm fears about hyperinflation, the last way to do it is to have a government hearing cracking down on the people warning of it.

So where is this all headed. 

It is just another sign or thread of our government putting the controls in place so that they control all the exits (places you can put your money).  It is the intersection of One World Currency, One World Government, and the Mark of the Beast.  Because you can’t convience (force) someone to take a mark that will control all investments and purchases, if they are invested in Gold and Silver.  Bottom Line.

Revelation 13:17 (NIV) – “so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.”

Revelation 13:7 (NIV) – “He was given power to make war against the saints and to conquer them. And he was given authority over every tribe, people, language and nation.”

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Congressmen Weiner and Waxman Set Gold Hearing

Just as the government is trying to prevent people from investing in anything other than T-Bills by raising taxes on taxable interest and dividends to confiscatory levels, it’s also trying to prevent you from parking your wealth in assets, like gold, that compete with the paper dollars issued by the Federal Reserve and the (more…)

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