Time for another update on 'the season':
for those who are interested in following the unfolding Greater Depression, this latest missive by Jim Willie is again worth a read:
http://www.gold-eagle.com/editorials_08 ... 91009.html
Most here are aware that I am a proponent of honest money, both from the standpoint of the Bible (commanded by the Torah, and at least six mentions in Proverbs alone, including the observation that 'dishonest weights' and measures are an "abomination") and the Constitution (as if THAT still mattered :twisted: ).
It will be interesting to watch how the manipulation of the precious metals markets plays out from this point forward, as the "battle against $1000 gold" develops.
Take note of Jim's comments near the end of the article in particular. He notes that the Chinese are becoming "extremely angry" about the dollar debasement, and the perfidy of our own debtor government. I am beginning to suspect that they may decide to put a "floor" under the price of paper gold themselves, and simply absorb any manipulative selling that comes up to try and drive the price back down, with the obvious threat of taking additional deliveries -- until the Comex is exposed as bankrupt. (Why not? It's essentially taxpayer-subsidized.)
Whether or not this is the case will be clear in the near future, based on contract deliveries.
Finally, I noted in the last post that this coming Yom Teruah (Feast of Trumpets), which begins on the new moon (about the 20th), is something for believers to be aware of. (Read Leviticus 23, and note that the singular requirement is essentially to learn what that trumpet sounds like. Almost like we're supposed to be listening, eh?)
Willie's last news item has to do with Saudi Arabia (again), and the observation that their banking system is also in a world of hurt. He makes an observation that really caught my eye:
Ramadan, he notes, ends on September 19th.
I've also joked that we can "know the season", but that I "don't do dates". Some folks do, however. The interesting thing about this one is that it's easy to check, and soon.
Blessings,
Mark
PS> For those that are so inclined, I am a longstanding believer in the investment value of what is usually called "junk silver" as well. (These are bank bags of real lawful money, minted of 90% silver, and bearing dates of 1964 or earlier, before the debasement of our coin according to Gresham's Law went into overdrive. What was one thousand dollars of face value dimes or quarters [i.e., 10K dimes, or 4000 quarters] are in each one; they now sell for over about $12,000 a bag - but that won't last. When I did my radio show, I noted that history is pretty clear about how the upcoming cycle will end: one such bag will probably buy a decent little house in most areas. I still see no reason to change that prediction from an economic standpoint; the only question is whether we'll want to be in most of those cities at that point.)
I generally tell those who believe that "hard times are a-comin" to think of such small-denomination silver coins as not only the ultimate store of value in a true dollar collapse, but a way to save your fellow believers from some of the hardship sure to come, and educate people in the process. (I've talked a few medical professionals, and probably even butchers, bakers, and ...plumbers into considering taking them in trade for services. Fun stuff.) Those who have an alternative means of exchange (still lawful, no less) will be able to trade readily for things necessary for survival in most likely scenarios, at least until the Biblical Scale of Disaster becomes obvious to even the most skeptical.
for those who are interested in following the unfolding Greater Depression, this latest missive by Jim Willie is again worth a read:
http://www.gold-eagle.com/editorials_08 ... 91009.html
Most here are aware that I am a proponent of honest money, both from the standpoint of the Bible (commanded by the Torah, and at least six mentions in Proverbs alone, including the observation that 'dishonest weights' and measures are an "abomination") and the Constitution (as if THAT still mattered :twisted: ).
It will be interesting to watch how the manipulation of the precious metals markets plays out from this point forward, as the "battle against $1000 gold" develops.
Take note of Jim's comments near the end of the article in particular. He notes that the Chinese are becoming "extremely angry" about the dollar debasement, and the perfidy of our own debtor government. I am beginning to suspect that they may decide to put a "floor" under the price of paper gold themselves, and simply absorb any manipulative selling that comes up to try and drive the price back down, with the obvious threat of taking additional deliveries -- until the Comex is exposed as bankrupt. (Why not? It's essentially taxpayer-subsidized.)
Whether or not this is the case will be clear in the near future, based on contract deliveries.
Finally, I noted in the last post that this coming Yom Teruah (Feast of Trumpets), which begins on the new moon (about the 20th), is something for believers to be aware of. (Read Leviticus 23, and note that the singular requirement is essentially to learn what that trumpet sounds like. Almost like we're supposed to be listening, eh?)
Willie's last news item has to do with Saudi Arabia (again), and the observation that their banking system is also in a world of hurt. He makes an observation that really caught my eye:
Ramadan, he notes, ends on September 19th.
I've also joked that we can "know the season", but that I "don't do dates". Some folks do, however. The interesting thing about this one is that it's easy to check, and soon.
Blessings,
Mark
PS> For those that are so inclined, I am a longstanding believer in the investment value of what is usually called "junk silver" as well. (These are bank bags of real lawful money, minted of 90% silver, and bearing dates of 1964 or earlier, before the debasement of our coin according to Gresham's Law went into overdrive. What was one thousand dollars of face value dimes or quarters [i.e., 10K dimes, or 4000 quarters] are in each one; they now sell for over about $12,000 a bag - but that won't last. When I did my radio show, I noted that history is pretty clear about how the upcoming cycle will end: one such bag will probably buy a decent little house in most areas. I still see no reason to change that prediction from an economic standpoint; the only question is whether we'll want to be in most of those cities at that point.)
I generally tell those who believe that "hard times are a-comin" to think of such small-denomination silver coins as not only the ultimate store of value in a true dollar collapse, but a way to save your fellow believers from some of the hardship sure to come, and educate people in the process. (I've talked a few medical professionals, and probably even butchers, bakers, and ...plumbers into considering taking them in trade for services. Fun stuff.) Those who have an alternative means of exchange (still lawful, no less) will be able to trade readily for things necessary for survival in most likely scenarios, at least until the Biblical Scale of Disaster becomes obvious to even the most skeptical.
) and learning more than a few very wonderful things from teachers and pastors from whom I had REAL, even extreme, doctrinal differences. Whether it's pastors who take Caesar's mark, or believe that "the Law was done away with - here, have a pork sandwich", or even that "having a second wife is ADULTERY!" -- I've finally recognized that even being UTTERLY wrong in one area doesn't mean they can't teach about something which is actually in there sphere of expertise.