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Post by stingray on Apr 23, 2015 8:09:07 GMT -5
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Post by buildthefarm on Apr 23, 2015 17:07:15 GMT -5
i had a dream where a guy from the white stripes was singing 7 nation army on top of an empty vault, then obama and the new treasury secretary made an anouncement about the money and the trains to the camps started rollin. i wonder is this how it goes down. china leading the world in gold reserves, then someone leaks the info that we dont have what we are supposed to and boom dollars are worthless. you would think they were already worthless if you really look at what backs them. once confidence is gone its over
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Post by stingray on Apr 23, 2015 20:17:06 GMT -5
The thing that amazes me about our debt is DC will tell you that 65% of the debt holders are government agencies. But they don't tell you why. Why does Social Security own 16% ($2,720,000,000,000.00) of the $17,000,000,000,000.00 debt? It sure isn't because there is an overflowing amount of money that the agency is trying to grow. No. The government raided their coffers and left them with treasury notes. Same goes for all the other government agencies that DC has raided. Then we get to the other 35%. China and Japan are the largest holders of our debt. 7.2% and 7% respectively. Everyone knows we have a very unstable relationship with the Chinese. The Japanese say they are our ally but how much do hate do they still harbor from us nuking them? Then there is 10% that is owned by countries that despise our existence. Iran, Lybia, Iraq, Ecuador and Venezuela! The other thing right now is why is wall street upside down. Stocks continue to go up no matter what the news is from the middle east, no matter what the jobs reports are, no matter how low GDP growth is, no matter how high our debt goes. Back 10 or 15 yrs ago if a Saudi prince farted the market went into chaos. Everybody knows that the prices for gold and silver should be climbing right now but they aren't and nobody is asking WHY?  ?? The way I look at is, who is benefiting from low gold and silver? The US is benefiting because the low prices keep investors in the stock market and allows the lamestream media to paint a rosey picture on how Obama is keeping the country afloat during all this chaos. China, Russia and India benefit because they are loading up on their gold reserves. Europe doesn't really care because they are trying to keep the Euro afloat and deal with Greece's financial collapse, which Russia basically came in and bought the country. So with the circumstances they way they are, if these countries decided to collaborate in manipulating the markets, there's really nobody who's going to cry foul. But once China and Russia meet the gold reserve goals, watch out, things will change quickly!!!! |
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Post by stingray on Apr 23, 2015 20:25:38 GMT -5
Here's an excerpt on a piece on China and Russia's aggressive pursuits.
Greece has a port city that is very critical in the whole scheme of East – West trade. The Chinese already have blueprints for a train that will start at that key port city in Greece and go all the way up to Budapest. This will make that port the largest in the Mediterranean and it will be controlled to some extent by the Chinese.
Russia is also looking to put a gas pipeline that runs through Greece, into Europe. Greece would then become the major artery for gas flowing from Russian into Europe. These two developments put Greece in a very good position longer-term.
If Greece drops out of the euro it will be tough for a while and they would suffer serious inflation. Most countries going through a big transition suffer great inflation. But if Germany continues to push Greece around with regards to how they govern their own country, the Greeks now have a couple of powerful friends in Russia and China.
A statistic that stunned me is the fact that Greece already imports more from Russia and China than they do from their two largest European trade partners. So if Greece pivots to the East, that’s another big blow to the West. This is just another sign that economic power is flowing faster and faster from West to East.
Another major problem for the West is the fact that the dollar cannot retain its reserve status. With gold valued at less than $1,200 today, the value of all the gold supposedly held in central bank coffers is only $2 trillion to $3 trillion. That sounds like a big number but in reality it’s not.
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Post by stingray on Apr 23, 2015 20:29:16 GMT -5
From Dr. Stephen Leeb:
I said last week that the value of gold will eventually pass the Dow, which is currently at $18,000. Every time I pick up a newspaper and see economic power and activity shifting to the East, that prediction moves closer and closer to becoming reality. The eventual move will be quite violent as reality finally sets in for the West.
There are virtually no financial advisors in the West telling their clients to own physical gold and silver. When the rush into gold begins in earnest, that $2 trillion – $3 trillion of gold that is supposedly held in central bank vaults will be gone in a flash or the price will have to skyrocket. That will all be part of why the price of gold will eventually break above 1/1 with the Dow in terms of the ratio.
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Post by stingray on Apr 23, 2015 20:34:07 GMT -5
What does all this mean to the average Christian. Signs of the times. Guard your hearts, because man will be filled with greed and selfish desire. Christians will be viewed as the old time religion. Above all, love all those you come across no matter what they do to you, because the love of Christ will be the only thing that will break the self seeking soul.
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Post by warrior on Apr 26, 2015 14:16:22 GMT -5
There is a great deal of posturing going on in Greece and the history of it is quite bizarre. The Greek government cooked the books for years. Public sector workers were paid more than they are here and they retired at 53 with full pensions! This was further compounded by the Greek epidemic of tax avoidance so that the black economy reigned - houses were never quite finished etc. In the end they went bankrupt and wages and benefits were slashed. Thank goodness Europe was on hand to bale out their squander bug brothers. Conditions were imposed and agreed. However, the Greeks invented this philosophy called democracy and so when given a chance to express their views the Greek people thought it was a good idea to renege on their commitments, end the program of austerity and let the good times roll. They did for a while but the coffers are empty and public sector workers will be paid with what next week? And so the politicians have been to Germany begging for another bale out. What cards do they have to play? Strategic cards require them to jump 'into bed' with Russia and or China. The trade thing is not shocking. Europe is only a minor trading partner for the UK as well although pro Europeans play that down. As for the Germans bossing the Greeks it is nothing but their way. AM actually delivered DC a lecture about a year ago and gave him a list of policies he needed to follow. Obviously he just ignored her suggestions but without making a fuss. Russia and China will continue to try to extend their worldly empires. Be grateful that Canada is not bankrupt and offering bases and missile sites for cash and trade concessions.
Just keep loving them, I say; in the firm knowledge that most of the world will act out like naughty children following their schemes that will get them nowhere because they will all be overthrown by a glorious Kingdom and I am looking forward to the day.
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