Just this morning 3 seperate stories pointing in the same direction and not a good direction for the latest Empire on the skids.
(exerpts from links below)
All thru history there has been the voice of the false prophets who lied and said all was well and not to worry when evidence proved otherwise.
(exerpts from links below)
All thru history there has been the voice of the false prophets who lied and said all was well and not to worry when evidence proved otherwise.
The masses are always easily deceived as they are today because they fail to put their trust in God.
The advisors and prognosticator's to Pharoah's and Kings knew what they had to say to keep their heads and jobs.
It's no different today as the false prophets outnumber those who speak the truth by a wide margin.
When the U.S. takes a tumble never to rise again most will be surprised and unprepared.
The advisors and prognosticator's to Pharoah's and Kings knew what they had to say to keep their heads and jobs.
It's no different today as the false prophets outnumber those who speak the truth by a wide margin.
When the U.S. takes a tumble never to rise again most will be surprised and unprepared.
This was not supposed to happen to us,the ones blinded by pride will say.
The story of the ten virgins of Matthew 25 is a perfect example of this.
They were also listening to liar's and trusted them into a comatose like sleep.
1.
The year 2008 will be the year that THINGS JUST PLAIN BREAK. It will be a truly deadly year, unavoidably lethal to the US Economy and especially to the US banking sector. Nothing has been repaired. Some tangible solutions will be offered in the next section, all legitimate in a real world. However, we do NOT live in a real world, but rather in a Fairy Tale world of US Hegemony and Wall Street with a choke hold around the US entire system. Managed inflation is the policy never to be reversed, until total breakdown occurs. Treason is rampant, called simply Power Games. All attempts so far are to shore up the existing system, to enable Wall Street to sell as much of their damaged asset backed bonds to suckers, and to avoid international lawsuits against Wall Street firms. In 2008, an alarming sequence is assured of enormous damage that puts the entire US economic and financial system in a perilous situation. The powers survived the end of 2007, with heavy usage of band aids, rubber bands, and paper clips, but reality continues to itemize a relentless sequence of unfixable, tragic, intractable problems. The pressure points are big banks suffering from insolvency, prime mortgage bonds destined for massive losses, consumers without kitties to rob to keep spending, a worsening housing market from chronic inventory bloat, and deepening problems in the lending industry frozen from insolvency and distrust. Pitch in a global resentment of US fraud and heavy handed tactics, especially from the last couple decades.
2.
Jan. 7 (Bloomberg) -- The fastest-growing bet in the oil market these days is that the price of crude will double to $200 a barrel by the end of the year.
Options to buy oil for $200 on the New York Mercantile Exchange rose 10-fold in the past two months to 5,533 contracts, a record increase for any similar period. The contracts, the cheapest way to speculate in energy markets, appreciated 36 percent since early December as crude futures reached a record $100.09 on Jan. 3.
While analysts at Merrill Lynch & Co. and UBS AG say the slowing U.S. economy will lead to the biggest drop in prices since 2001, the options show some traders expect oil to rise for a seventh straight year. Demand will increase 2.5 percent in 2008, according to the International Energy Agency. U.S. inventories fell to a three-year low on Dec. 28. Production from Mexico is declining and Saudi Arabia is behind schedule in opening its newest field.
``One hundred dollars a barrel is actually 14.9 cents a cup, so we're still talking about oil being remarkably cheap,'' said Matthew R. Simmons, chairman of Simmons & Co. International, a Houston-based investment bank that focuses on energy. Inventories ``are tight as a drum and I don't see how we get out of this box,'' he said in a Bloomberg television interview last week. ``Demand clearly isn't starting to slow down.''
3.
When the Dollar Crashes, All That Glitters Will Be Gold
It is not a matter of “if” the demise of the U.S. dollar is going to happen, but a matter of “when”. We have seen signs of its weakening in the last couple of years and it does not look like it will recover any time soon. The actions of a number of other countries are adding fuel to the fire and can only confirm that the best U.S. dollar hedge is gold
The central banks of the world may have followed the U.S. in getting off the gold standard, in addition to having pegged their currencies with the USD, but not for much longer. They all know that a weak USD will affect their own financial systems if they are holding large reserves of the greenbacks. The only hedge is to dispose the USD and add real value into their monetary system by holding large reserves of the gold metal.
It comes as no surprise that countries like China, Malaysia, Indonesia, and Thailand are shifting from the USD. China and Japan alone own about $906 billion of the $1.1 trillion of U.S. Treasuries held overseas, so when they start to unload, it will only compound the situation.
According to Fan Gang, director of China’s National Economic Research Institute:
The U.S. dollar is no longer, in our opinion, is no longer a stable currency. It is devaluating all the time, and that’s putting troubles all the time. So the real issue is how to change the regime from a U.S. dollar pegging to a more manageable reference, say, euros, yen…
The real story is not if these countries are switching from being pegged to the USD to another currency like the Euro that may be stronger. The truth can be found in reading between the lines in what these countries are actually doing. China for example, had hinted in late 2005 that they will quadruple their gold reserves and started to buy gold by cashing in 2.4% of its U.S. dollar reserves.
They were also listening to liar's and trusted them into a comatose like sleep.
1.
The year 2008 will be the year that THINGS JUST PLAIN BREAK. It will be a truly deadly year, unavoidably lethal to the US Economy and especially to the US banking sector. Nothing has been repaired. Some tangible solutions will be offered in the next section, all legitimate in a real world. However, we do NOT live in a real world, but rather in a Fairy Tale world of US Hegemony and Wall Street with a choke hold around the US entire system. Managed inflation is the policy never to be reversed, until total breakdown occurs. Treason is rampant, called simply Power Games. All attempts so far are to shore up the existing system, to enable Wall Street to sell as much of their damaged asset backed bonds to suckers, and to avoid international lawsuits against Wall Street firms. In 2008, an alarming sequence is assured of enormous damage that puts the entire US economic and financial system in a perilous situation. The powers survived the end of 2007, with heavy usage of band aids, rubber bands, and paper clips, but reality continues to itemize a relentless sequence of unfixable, tragic, intractable problems. The pressure points are big banks suffering from insolvency, prime mortgage bonds destined for massive losses, consumers without kitties to rob to keep spending, a worsening housing market from chronic inventory bloat, and deepening problems in the lending industry frozen from insolvency and distrust. Pitch in a global resentment of US fraud and heavy handed tactics, especially from the last couple decades.
2.
Jan. 7 (Bloomberg) -- The fastest-growing bet in the oil market these days is that the price of crude will double to $200 a barrel by the end of the year.
Options to buy oil for $200 on the New York Mercantile Exchange rose 10-fold in the past two months to 5,533 contracts, a record increase for any similar period. The contracts, the cheapest way to speculate in energy markets, appreciated 36 percent since early December as crude futures reached a record $100.09 on Jan. 3.
While analysts at Merrill Lynch & Co. and UBS AG say the slowing U.S. economy will lead to the biggest drop in prices since 2001, the options show some traders expect oil to rise for a seventh straight year. Demand will increase 2.5 percent in 2008, according to the International Energy Agency. U.S. inventories fell to a three-year low on Dec. 28. Production from Mexico is declining and Saudi Arabia is behind schedule in opening its newest field.
``One hundred dollars a barrel is actually 14.9 cents a cup, so we're still talking about oil being remarkably cheap,'' said Matthew R. Simmons, chairman of Simmons & Co. International, a Houston-based investment bank that focuses on energy. Inventories ``are tight as a drum and I don't see how we get out of this box,'' he said in a Bloomberg television interview last week. ``Demand clearly isn't starting to slow down.''
3.
When the Dollar Crashes, All That Glitters Will Be Gold
It is not a matter of “if” the demise of the U.S. dollar is going to happen, but a matter of “when”. We have seen signs of its weakening in the last couple of years and it does not look like it will recover any time soon. The actions of a number of other countries are adding fuel to the fire and can only confirm that the best U.S. dollar hedge is gold
The central banks of the world may have followed the U.S. in getting off the gold standard, in addition to having pegged their currencies with the USD, but not for much longer. They all know that a weak USD will affect their own financial systems if they are holding large reserves of the greenbacks. The only hedge is to dispose the USD and add real value into their monetary system by holding large reserves of the gold metal.
It comes as no surprise that countries like China, Malaysia, Indonesia, and Thailand are shifting from the USD. China and Japan alone own about $906 billion of the $1.1 trillion of U.S. Treasuries held overseas, so when they start to unload, it will only compound the situation.
According to Fan Gang, director of China’s National Economic Research Institute:
The U.S. dollar is no longer, in our opinion, is no longer a stable currency. It is devaluating all the time, and that’s putting troubles all the time. So the real issue is how to change the regime from a U.S. dollar pegging to a more manageable reference, say, euros, yen…
The real story is not if these countries are switching from being pegged to the USD to another currency like the Euro that may be stronger. The truth can be found in reading between the lines in what these countries are actually doing. China for example, had hinted in late 2005 that they will quadruple their gold reserves and started to buy gold by cashing in 2.4% of its U.S. dollar reserves.
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