Gold Hits Record Highs, US Economy "Collapsed"
Posted: Wed Nov 04, 2009 6:36 pmReports are available that gold hit an all-time record of $1,099/ounce today when India's central bank bought 200 tons of gold (about 8% of the world supply.) The purchase was made to exchange dollars for gold. Also, the Indian Finance Minister gave warning that the economies of the U.S. and Europe had "collapsed."
OK, I missed the expectation that gold would hit $1,100/ounce by the end of October by...one dollar and four days.
However, I had expected the Dollar Index, if left alone, to be in the 72.00-74.00 range by October 31st. It hit the low (for now) of 74.972 on October 21st. But, we can rest assured that that index is being influenced, because historically, when gold goes up, the dollar goes down (not always, but a definate trend.)
Again, a Monopoly moment. What do you do when you're playing a game of Monopoly and your opponent(s) have most of the property?
You pay, and pay and pay. And, what is the only thing you can buy?
Time.
You go on playing with the hope that some random event (Chance or Community Chest) will bring you some cash. Or, you hope that one of the other players gets in serious trouble, so that it will reduce your rent obligations as the game continues.
Well, back to real world...
The U.S. has virtually no hope of creating a cash flow that will slow down the coming hard collapse.
But, they can play for time, and they can hope to influence other players. And, they could try to force the situations of other players.
For time: since we made it through the elections, we can expect the "death by a throusand papercuts." The spin of the recovered economy will be at 150%. They have to--HAVE TO--get people out and spending money. The more people hold on to their cash, the more the economic river dries up. Money is made by the powerbrokers not by accumulation, but by fees and interest from exchanges. They can only prop things up as long as the holiday season sales will allow. I am honestly expecting mid-January to be....painful...for layoffs, firings and bankruptcies. And, I expect this to only get worse as the year progresses.
For influence: Obama is courting everything Islamic. Offering aid, offering praise...if you are Islamic, you are HIS #1 friend. Meanwhile, Israel gets the short end of the stick. Soviet Georgia is left hanging in the wind. India has been mistreated by the U.S. time and time again. These actions are not without gains for the U.S. But, at what cost?
For force: the U.S. still, for the time being, has a mighty military. But, as the dollar continues to lose power, eventually that military will be completely unable to fulfill it's mission. So, the potential for use to cause a more "profitable" situation on the world stage is rising. A military is a resource only as long as it has the people and materials to carry out warfare. So, an attack on Iran--that would make the Saudis happy. Or, just pull back from Taiwan, and let China retake the country. That would make China very, very happy with us.
Use it or lose it. Both would make Obama quite pleased.
Be watchful, brothers and sisters. I know, the "Papercut War" can try anyone's patience. But, we have potentially a LOT more papercuts to endure. And, now, more than ever, the world stands on the edge of total chaos.
When the dark grows darkest, the Light shines brightest! Remember our Savior's words.
OK, I missed the expectation that gold would hit $1,100/ounce by the end of October by...one dollar and four days.
However, I had expected the Dollar Index, if left alone, to be in the 72.00-74.00 range by October 31st. It hit the low (for now) of 74.972 on October 21st. But, we can rest assured that that index is being influenced, because historically, when gold goes up, the dollar goes down (not always, but a definate trend.)
Again, a Monopoly moment. What do you do when you're playing a game of Monopoly and your opponent(s) have most of the property?
You pay, and pay and pay. And, what is the only thing you can buy?
Time.
You go on playing with the hope that some random event (Chance or Community Chest) will bring you some cash. Or, you hope that one of the other players gets in serious trouble, so that it will reduce your rent obligations as the game continues.
Well, back to real world...
The U.S. has virtually no hope of creating a cash flow that will slow down the coming hard collapse.
But, they can play for time, and they can hope to influence other players. And, they could try to force the situations of other players.
For time: since we made it through the elections, we can expect the "death by a throusand papercuts." The spin of the recovered economy will be at 150%. They have to--HAVE TO--get people out and spending money. The more people hold on to their cash, the more the economic river dries up. Money is made by the powerbrokers not by accumulation, but by fees and interest from exchanges. They can only prop things up as long as the holiday season sales will allow. I am honestly expecting mid-January to be....painful...for layoffs, firings and bankruptcies. And, I expect this to only get worse as the year progresses.
For influence: Obama is courting everything Islamic. Offering aid, offering praise...if you are Islamic, you are HIS #1 friend. Meanwhile, Israel gets the short end of the stick. Soviet Georgia is left hanging in the wind. India has been mistreated by the U.S. time and time again. These actions are not without gains for the U.S. But, at what cost?
For force: the U.S. still, for the time being, has a mighty military. But, as the dollar continues to lose power, eventually that military will be completely unable to fulfill it's mission. So, the potential for use to cause a more "profitable" situation on the world stage is rising. A military is a resource only as long as it has the people and materials to carry out warfare. So, an attack on Iran--that would make the Saudis happy. Or, just pull back from Taiwan, and let China retake the country. That would make China very, very happy with us.
Use it or lose it. Both would make Obama quite pleased.
Be watchful, brothers and sisters. I know, the "Papercut War" can try anyone's patience. But, we have potentially a LOT more papercuts to endure. And, now, more than ever, the world stands on the edge of total chaos.
When the dark grows darkest, the Light shines brightest! Remember our Savior's words.
| "John 9:5" says: |
| As long as I am in the world, I am the light of the world. |
| "John 8:12" says: |
| Then spake Jesus again unto them, saying, I am the light of the world: he that followeth me shall not walk in darkness, but shall have the light of life. |
| "Matt 5:14" says: |
| Ye are the light of the world. A city that is set on an hill cannot be hid. |
You are so funny. 
I don't know a thing about "markets" or gold. I do know that I am RESTING in the palm of HIS hand, come what may....
God told Joseph to store up enough food for the WORLD for 7 years. He knows that be prepared doesn't mean you don't trust him. It is when you think you have to do it ALL is when you don't trust Him.