Peter Shiff, Irwin’s son, has said that he is looking for the DOW and GOLD to criss-cross, that is that the Dow Jones Industrial Average will eventually be the same price as Gold and possibly less. ONE ounce of GOLD being- the same as what ever the DOW is, sounded ludicrous at one time and the DOW was 30 times higher than the price of GOLD but now that it is less than 8 times the price with GOLD hitting 1000 and the DOW at less that 7500 Peter is looking pretty bright.
Larry Heim has long predicted GOLD at $3,400.00 per ounce and he was doing so when Gold was only 300. He is and has been predicting SILVER to go to $208.
Last night my wife looked over my shoulder to the computer screen and saw the Price of Gold was down and asked why, I said it was just the over seas markets but watch when New York opens. Wee Gold shot up to 1000 even. The DOW was not open yet but the Asian markets and the European markets were way down, and there was not ONE bit of good news.
Those that had predicted Unemployment to be at about 6% max are staring blankly at 7.6 ( it is most likely really at a REAL unemployment rate of about 14%) Those who I work out with at the gym who are “big traders” all look like they want to hang themselves and they don’t talk to me anymore. Even as I type this right now the DOW is in a free fall with headlines like Stocks Drop Worldwide on Recession Concern, Earnings; Lowe’s Shares Slide” and “J.C. Penney Co., the third-largest U.S. department-store chain, forecast its first quarterly loss in almost five years”..
This is very serious this is global and is the kind of stuff empires are made of on the ashes of chaos.
Latvian Government Resigns as Recession Deepens
Mexico Bond Risk Tops Brazil for 1st Time Since 2001
Brazil’s Jobless Rate Jumps the Most in Seven Years
Russian Spenders Guard Money as Crisis Evokes Memories of 1998 `Nightmare
Fear Rules Asian Investors; Korea Hammered,Vivian Wai-yin Kwok, 02.20.09, 08:20 AM ESTJapan’s Topix index declined to 25-year low,.
What is the Obama-nomic solution? Create jobs that produce NOTHING? Jobs that produce jobs and production are needed not JOBS that create a debt with nothing to sell to pay for the debt. Borrowing money to give away things is nothing but a ponzie move without the addition of greed. At least with a Ponzie you have people THINKING they are investing, with this Obama-nomics everyone KNOWS that nothing is being invested toward production. once the bridge is built it will only need more maintenance and will produce nothing in and of it’s self to increase wealth.
The great nationalization is underway in the banking industries around the world, they in turn will help “finance” the governments that own them to further nationalize other industries.
The Bible has long predicted an economic nightmare where the average man would work all day and only be given enough to buy bread, and nothing else to eat it with.
Revelation 6:6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
John Gill commented on this passage back in the late 1600s
this phrase expresses such a scarcity, as that a man’s daily wages would be but just enough to buy himself bread, without any thing to eat with it; and when he would have nothing left for clothes, and other things, nor anything for his wife and children:
and see that thou hurt not the oil and wine; signifying that this scarcity should fall not upon the superfluities, such as oil and wine, which may be spared, and men can live without; but upon the necessities of life, particularly bread:
Stupid preachers think they know everything!
In Christ
The preacher
