Friday, March 30, 2012

Even as evil powers come against us, we are made conquerors by the justification and glorification through the blood of Christ!


DURING THIS  VERY DIFFICULT WEEK I HAVE FOUND THESE WORDS TO BE TRUE. 



For whom he did foreknow, he also did predestinate to be conformed to the image of his Son, that he might be the firstborn among many brethren. Moreover whom he did predestinate, them he also called: and whom he called, them he also justified: and whom he justified, them he also glorified. 

                                                                                                                                 Romans 8:29-30

God chose those who would believe from the foundations of the world to be justified and glorified according to His purpose. Because God foreknew all things, there is nothing that can separate His children from His excellent love and grace. Even as evil powers come against us, we are made conquerors by the justification and glorification through the blood of Christ!

Thursday, March 29, 2012

ONE LAST EMAIL TO AN OLD FRIEND.............


TO ALL MY READERS AND FRIENDS AROUND THE WORLD 

MY DEAR FRIEND AND NEIGHBOR, VICTOR MATSUI, 88 YRS OLD, PASSED AWAY SUDDENLY AND VERY UNEXPECTEDLY MONDAY WHILE VISITING HIS SON IN HONG KONG. HE WILL BE MISSED MORE THAN MOST CAN IMAGINE.

VICTOR LED A LONG, PRODUCTIVE AND VERY WORTHWHILE LIFE. HE WILL BE MISSED BY HIS LOVING FAMILY AND MANY, MANY FRIENDS.

I HOPE THAT EACH OF YOU WILL ENDEAVOR TO BE THE KIND OF PERSON THAT MY FRIEND VICTOR MATSUI WAS, YOUR LIVES WILL BE FULL OF MEANING ,CONSEQUENCE AND LOVE IF THAT'S THE PATH THAT YOU CHOOSE.  

ON MONDAY NIGHT IT WAS NECESSARY THAT I REMOVE VICTOR FROM MY EMAIL LIST. A VERY SIMPLE BUT TERRIBLY PAINFUL TASK. I SENT HIM ONE LAST EMAIL, HERE IS THAT EMAIL;

GOODBYE OLD FRIEND..........I'LL SEE YOU ON THE OTHER SIDE

VICTOR,

SADLY, I KNEW THIS DAY WOULD COME ALL TO SOON, AND NOW IT IS HERE. I HOPED FOR AT LEAST A FEW MORE YEARS WITH YOU, PERHAPS EVEN A DECADE, BUT NOW THAT'S NOT TO BE AND MY LIFE AND THE LIVES OF ALL THOSE THAT I LOVE AND CARE FOR WILL BE MADE SO MUCH POORER BY YOUR ABSENCE. YOU WILL BE MISSED VERY MUCH.

RIGHT NOW, I WOULD GLADLY TRADE TEN YEARS OF MY LIFE FOR ONE MORE OF OUR LATE NIGHT POW WOWS. YOU WHERE A GREAT LISTENER AND FRIEND AND I WON'T KNOW WHERE TO TURN WITHOUT YOU HERE.

I'M GLAD WE HAD THE CHANCE TO SAY OUR GOODBYES THE WAY WE DID BEFORE YOU LEFT ON THIS TRIP, I DON'T KNOW IF I COULD TAKE YOUR LEAVING SO SUDDENLY HAD WE NOT HAD THAT CHANCE, GOD IS GOOD AND MERCIFUL AND I THANK HIM FOR THAT.  

THE IMPACT THAT WE HAVE ON ONE ANOTHERS LIVES IS ALMOST UNIMAGINABLE WHEN MEETING FOR THE FIRST TIME AND SADLY IT IS ALMOST UNBEARABLE AT TIMES LIKE THESE. FOR THE REST OF MY LIFE THERE WILL NOT BE MANY DAYS, THAT I WON'T THINK OF YOU FONDLY AND REMEMBER THE MANY GOOD TIMES THAT WE HAD TOGETHER.   

I THANK YOU FOR YOUR MANY YEARS OF SERVICE AND DEVOTION TO YOUR FAMILY AND OUR COUNTRY. YOUR LIFE AND WHAT YOU HAVE LEFT BEHIND SPEAK LOUDLY AND VERY CLEARLY ABOUT EVERYTHING THAT REALLY MATTERS IN THIS LIFE.  

AT TIMES LIKE THIS, LIFE IS HARD AND SAYING GOODBYE TO THOSE THAT WE HAVE LOVED IS BEYOND WORDS. I'M GLAD THAT THIS IS HARD FOR ME RIGHT NOW, HURTING THIS MUCH MEANS THAT WE CONNECTED DEEPLY AND HAD A RELATIONSHIP THAT REALLY MATTERED. MY HEART ALREADY LOOKS LIKE SO MUCH SWISS CHEESE, SO MANY HAVE GONE ON AHEAD OF ME AND NOW YOUR LEAVING ANOTHER, VERY BIG HOLE, THAT CAN'T AND WON'T EVER BE FILLED. I THANK YOU SO MUCH FOR THAT.

I WON'T EVER FORGET YOU OLD FRIEND!  I WILL MISS YOU TERRIBLY, BUT MOST OF ALL, I WILL BE GRATEFUL THAT WE HAD THE CHANCE TO BECOME SUCH CLOSE FRIENDS. YEARS AGO THE LOSS OF YOUR WIFE LED ME TO YOU, AND NOW YOUR LOSS HAS TAKEN YOU AWAY. EVENTUALLY YOUR LOSS WILL LEAD TO SOMETHING BEAUTIFUL AS WELL, FOR ALL OF US THAT LOVED YOU, WE WON'T LET IT BE ANY LESS THAN THAT. 

FOR NOW, IT IS WITH A HEAVY BROKEN HEART, THAT I, MOST REGRETTABLY, MUST  SAY GOODBYE. I WILL MISS YOU SO TERRIBLY. I KNOW ALL THE RIGHT WORDS, BUT I DON'T KNOW HOW TO FIX THE HOLE THAT YOU HAVE LEFT IN MY HEART AND LIFE.

COURAGE, HONOR AND DIGNITY WERE ALWAYS YOURS, I'LL FOLLOW IN YOUR FOOTSTEPS. 

YOU WILL ALWAYS BE A CHERISHED AND IMPORTANT PART OF MY LIFE. 

I LOVE YOU AND WILL MISS YOU DEARLY.

GOD'S SPEED MY FRIEND, GOD'S SPEED.

                                                                 ERIC

GOD GIVES AND GOD TAKES AWAY, HIS WILL BE DONE! 

FOR NOW I HAVE TO LIVE WHAT I BELIEVE NO MATTER HOW HARD AND VICTOR WOULD EXPECT NO LESS.

PLEASE KEEP MY FAMILY AND HIS IN YOUR PRAYERS AS THE PAIN IS GREAT AND THE HOLE IS ENORMOUS AND UNFILLABLE.

I WANT TO LEAVE YOU WITH ONE LAST THING IN CLOSING;

I SENT THIS TO A FEW FRIENDS AND HIS FAMILY IMMEDIATELY AFTER FINDING OUT ABOUT HIS PASSING. I HOPE IT WILL HELP AND ENCOURAGE EACH OF YOU AS WELL. 

WHAT IS REALLY IMPORTANT IN THIS LIFE IS NOT ALWAYS WHAT WE THINK IT IS. ON THIS SIDE OF ETERNITY EVERYTHING CAN CHANGE IN THE BLINK OF AN EYE.

I HAD MANY CONVERSATIONS OVER THE YEARS WITH VICTOR ABOUT THE LORD AND THERE BEING ONLY ONE WAY TO ETERNAL PEACE AND WHILE I WAS RELATIVELY CERTAIN ABOUT HIS POSITION ON ETERNITY, HE NEVER REALLY SAID ENOUGH TO MAKE ME 100% CERTAIN. YOU CAN'T PUSH PEOPLE TO TELL YOU WHAT YOU WANT TO HEAR AND IN THIS REGARD I NEVER DO. VICTOR KEPT MANY THINGS TO HIMSELF SO AS NOT TO OFFEND ANYONE, IT DID NOT MEAN THAT HE DIDN'T BELIEVE SOMETHING, IT MEANT HE UNDERSTOOD WHAT REAL RESPECT WAS. 

SO LAST NIGHT IN TERRIBLE PAIN, PACING IN FRONT OF HIS VERY EMPTY HOME I ASKED GOD FOR A SIGN, JUST A SMALL SIGN, ANYTHING. SO THAT I COULD HAVE PEACE ABOUT THIS AND SO THAT I WOULD KNOW THAT MY OLD FRIEND WAS OKAY, SAFE IN JESUS' ARMS AND THAT SOMEDAY, I WOULD SEE HIM AGAIN.

I WENT TO SLEEP ON MONDAY NIGHT AND I WASN'T SLEEPING VERY WELL SO I GOT UP AND STARTED READING MY EMAIL. I GET A NUMBER OF DEVOTIONALS SENT TO ME EARLY EVERYDAY. YOU NEED TO KNOW THAT THEY ARE ALWAYS MORE THAN A FEW PARAGRAPHS IN LENGTH. ANYWAY, I GENERALLY OPEN THEM IN A CERTAIN ORDER EACH DAY, I AM A CREATURE OF HABIT. 

SO HERE IS WHAT WAS IN THE FIRST DEVOTIONAL I OPENED THAT MORNING, TWO LINES, TWO SMALL, WONDERFUL LINES!  
  

And this is the promise that he hath promised us, even eternal life. 

                                                                                                   1 John 2:25

God has promised us 
life after death—life forever with Him. Amen!


THAT'S ALL IT SAID. PERIOD!

NOW SOME COULD AND WILL SAY THAT THIS IS JUST A COINCIDENCE AND I CAN UNDERSTAND THAT. IN MY OPINION THEY DON'T KNOW GOD. I ASKED FOR A SMALL SIGN AND THAT IS EXACTLY WHAT I GOT. THAT IS ALL I NEEDED!

HAVE NO DOUBT ABOUT WHERE VICTOR IS RIGHT NOW OR WHO ALMIGHTY GOD IS.

PRAISE GOD!

Heaven Is Not just a State of Mind.

"I go to prepare a place for you." 

                                       John 14:2

Jesus cannot lie. He is Truth incarnate. He always told the truth.  He said, "If it were not so, I would have told you."

Jesus would not let the hope of heaven go on beating in your heart if it were simply a lie, a superstition, or a fond delusion. Heaven is not merely a state of mind. It is not a condition. It is a place so real that Jesus is there in a literal, resurrected body. Heaven is a place on God's map.

I HOPE THAT EACH OF YOU HAVE THE GOOD FORTUNE TO HAVE A FRIEND LIKE MY FRIEND VICTOR MATSUI.

I HOPE THAT EACH OF YOU FIND YOUR WAY TO ETERNAL PEACE IN CHRIST AND HAVE A CHANCE TO MEET VICTOR IN HEAVEN, ONE DAY.

FOR THE REST OF MY DAYS I WILL ENDEAVOR TO LIVE UP TO THE BLESSING OF HAVING THIS MAN AS MY CLOSE FRIEND, HE MADE MY LIFE SO MUCH BETTER AND FOR THAT I THANK GOD!

                                                                                                                                           ERIC












Monday, March 26, 2012

WHY THE MARKET TOOK OFF THIS MORNING............A VERY WORRYING DEVELOPMENT


Curious as to why futures and PMs both soared out of the gate at 8am? Look no further than the Chairman of the Fed who is speaking at the National Association for Business Economics and just made a very strong hint that the New QE (or is that the NEWER QE) is coming.   AFTER RECENTLY SAYING THINGS WERE GETTING BETTER AND HE WOULD WAIT AND SEE. THIS IS VERY WORRYING IF THE MARKET IS SO SICK THAT HE NEEDS TO CHANGE COURSE AND REACT SO QUICKLY.

Recall what JPM said about central planning breaking the virtuous cycle just two days ago. The Fed has just admitted it... but it does mean that the Fed will be forced to print print print infinitely more. After all, it's all there is.

AT THIS POINT THE FED EITHER PRINTS OR THE FED WATCHES OUR ECONOMY FALL APART. THE THIRD CHOICE IS THAT THE FED PRINTS, WE ARE SAVED OVER SHORTER AND SHORTER TIME FRAMES AND FINALLY OUR CURRENCY IS DESTROYED AND OUR ECONOMY COLLAPSES ANYWAY AND IN EVERY WAY!

MR. BERNANKE REALIZES THAT THINGS WILL COLLAPSE QUICKLY WITHOUT MORE GASOLINE BEING POURED ON THE FIRE. WE SHOULD ALL BE VERY WORRIED ABOUT HOW QUICKLY HE REACTED TO A MARKET THAT BECAME THE SLIGHTEST BIT NEGATIVE LAST WEEK.

OUR MARKETS ARE VERY UNHEALTHY AND OUR ECONOMIC DOCTORS OWN THE MONETARY DRUG COMPANIES, SO OF COURSE THE ONLY THING THEY KNOW HOW TO DO IS PRESCRIBE MORE AND MORE PILLS. BE ASSURED THAT THEY ARE KILLING THE PATIENT. THE FED WILL JUST KEEP PRINTING UNTIL THEY COLLAPSE OUR CURRENCY AND OUR ECONOMY. 

AT THIS POINT THE WHOLE THING HAS BECOME NOTHING BUT A SAD FARCE. 

EVERYONE THAT IS LONG EQUITIES SHOULD FIND THIS TERRIFYING, A MARKET SO WEAK THAT A FED CHAIRMAN MUST REACT TO IT'S EVERY WHIM WITH SUCH AMAZING SPEED.

AN OUNCE OF CREATIVITY IS WORTH A POUND OF INTELLIGENCE...............

AN OUNCE OF CREATIVITY IS WORTH A POUND OF INTELLIGENCE

Don't obsess over how difficult the challenge is. Focus on how creative you can be in working through that challenge.

If what you've been doing is no longer bringing the results you seek, get creative. There is great potential for new value when you step back and look at life with a fresh perspective. BEING STUCK INSIDE THE STATUS QUO BOX HAS A NAME....IT'S CALLED A RUT AND DULL PEOPLE INHABIT RUTS. 
  

Stir together your thoughts, feelings, knowledge, preferences and experiences. Let creativity flow out from your unique perspective.

The best answer may very well be to do what's never been done before. Instead of acting out of habit, act with a sense of adventure and enthusiasm for making new discoveries.

Life at its best is an endlessly creative endeavor. This moment is new, so give it something you've newly created.

Get creative, and enjoy the experience of doing what you do best. Live creatively, and bring great new richness to every day.

SILLY BULLS.....SILLY BEARS.....SILLY MARKET!.............

The Bull camp seems to be in a mad competition as to who can make the most absurdly foolish statement possible. The winner of the silliest bull commentary so far is Goldman Sachs, but there are many other contenders. And despite the intellectual vapidity of much of the Bull arguments these days, the Market and the Fed has been on their side — at least so far.

The lesson appears to be Momentum + Fed liquidity trumps intellectual appeal + abstract theory.

As to my own positioning: I would lighten up here, take some risk off the table, cash in some profits. In order to do more I would need to see some solid deterioration in market internals or in economic data as opposed to a guess or a gut feel. Don't get me wrong nothing is fixed, the bulls will once again be proven very wrong and it will cost them a bundle, just not yet. 

The bottom line: The strength of this market — or at least, the Fed's liquidity beneath it — deserves the benefit of the doubt. Until we see proof that something more untoward is a foot the current softness is little more than backing and filling, digesting excess gains from the start of the new year. 

Make no mistake something very ugly is still in the air, make that many somethings and if you are not prepared to be nimble you are going to lose money being fully invested in this delusional environment.

THE FEDs UNRELENTING MONETARY SURGE IS THE ONLY REASON STOCK MARKETS ARE RISING, FUNDAMENTALLY AND STRUCTURALLY OUR MARKET IS ABSOLUTELY AND COMPLETELY BROKEN, AT SOME POINT IN THE NOT TO DISTANT FUTURE, THE PIPER WILL BE PAID IN FULL. 

THE BULLS ARE FULL OF SHIT!

THE BEARS ARE MYOPIC IN THEIR PURSUIT OF FINANCIAL JUSTICE.

AND THE MARKET AT THIS POINT IS A VERY DANGEROUS, CONTRIVED FICTION WAITING TO HURT ANYONE AND EVERYONE WHEN THEY LEAST EXPECT IT.

I AM NEITHER BULL, NOR BEAR, ALTHOUGH REASON AND INTELLECT ARE AND HAVE BEEN ON THE SIDE OF THOSE WHO SEE HOW BROKEN THE MARKET IS. I AM A TRADER WHO SEEKS OPPORTUNITIES THAT MAKE SENSE AND CAN BE UNDERSTOOD IN TERMS OF PROBABILITY AND PROFIT. VERY LITTLE IN THIS MARKET MAKES GOOD SENSE. JUST BECAUSE THE MARKET IS GOING UP OR EVERYONE ELSE IS INVESTED LONG, NEITHER ARE NOT GOOD REASONS TO RISK YOUR HARD EARNED CAPITAL IN A DANGEROUS ENVIRONMENT SUCH AS THIS.   

IT WOULD BE NICE TO SEE REASON AND THE RULE OF LAW MATTER AGAIN! NOT TO MENTION TRUTH AND HONESTY. UNDERSTANDING HUMAN NATURE AS I DO LEAVES ME UNLIKELY TO HOLD MY BREATH WAITING FOR REASON TO RETURN TO THE MARKET PLACE. 

THE PEOPLE OF THIS COUNTRY KNOW WHERE WE ARE HEADED...........AND THEY ARE BUYING GUNS

GUN SALES GO OFF THE CHARTS

MORE AND MORE AMERICANS ARE AFRAID OF THEIR GOVERNMENT, THEIR FELLOW AMERICANS AND THEIR FUTURE!
 
Late Wednesday, Gun Maker Sturm Ruger said that in the first quarter, it had received orders for more than 1 million units. And despite "efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders," Sturm Ruger said.

The company, which makes a wide variety of rifles, pistols and revolvers, said that it expects to "resume the normal acceptance of orders by the end of May."

That sent Sturm Ruger's shares up about 13% in trading Thursday. Rival Smith & Wesson Holding Corp.SWHC +1.43%  also got a bump, with its shares gaining about 11%.

For its part, Smith & Wesson forecast sales of $395 million to $400 million for all of fiscal 2012 when it released third-quarter results this month, up from an already-increased December estimate of $385 million to $395 million.

"We continued to work on expanding our firearm manufacturing capacity to meet increased demand, an objective we plan to continue in the coming months as we address our robust backlog," Smith & Wesson said.

Its firearms backlog was, at the end of the quarter, $198.5 million — more than double the figure of a year earlier.

Recession-proof

As an industry, firearms have barely felt the impact of the downturn. In fact, the opposite has been true.

Starting in 2008, it has grown almost constantly, fueled by economic uncertainty and never-realized worries that President Barack Obama and the then-Democratic controlled Congress would seek to rein in gun rights. Adding to the jump in demand were several Supreme Court decisions affirming that the right to bear arms is indeed an individual right., In its crunching of National Instant Criminal Background Check System data, the National Shooting Sports Foundation said that 920,840 checks were made in January alone, a gain of 17.3% over the same month in 2011. That made it the 20th consecutive month of increases.  I THINK THIS DATA MAKES IT IS PRETTY OBVIOUS WHAT PEOPLE ARE THINKING.  

And, while the number of background checks is a good barometer of sales, it doesn't tell the whole story, as some of them may have been performed for purchases of multiple firearms.

In addition, some private transfers and gun-show sales are exempt from the background-check requirements, so the actual number of guns sold is likely much higher.

Earlier this year, the NSSF said at its annual trade show that "many indicators, including a record-setting 2011, show the firearms industry continues to thrive in a down economy and that the potential exists for another strong sales year in 2012."

Demand "has continued at a robust pace since late 2008," it said, as "more and more Americans are choosing to exercise their Second Amendment rights."  MORE AND MORE AMERICANS ARE AFRAID OF THEIR GOVERNMENT, THEIR FELLOW AMERICANS AND THEIR FUTURE!

THIS SAYS SO MUCH ABOUT WHERE WE ARE AS A NATION. 


LETS GET REAL............. UNDERSTANDING VALUE

LETS GET REAL

Valuation theory has become so formalistic and abstract that it has become almost completely divorced from reality. Valuation becomes a matter of ratios of highly formalized GAAP earnings in relation to fluctuating prices adjusted by highly abstract notions of variance and value at risk.

So, let's get real. Gold is real. It is obvious that it has value: it is beautiful, portable, enduring, malleable, divisible and scarce. For these reasons it can be exchanged easily for goods and services. It does not have a great deal of industrial productive value (although it has some), but why is that a problem? A few years ago I had a debate with a colleague about including gold in a portfolio which at the time was filled completely with paper assets. He said that gold, unlike stocks and bonds, had no intrinsic value. By that he meant that it has no internal rate of return like stocks and bonds do.

What he missed and what the paper-only financial establishment always misses is that the end towards which all investments are aimed is exchange value. We hold paper bonds, in the hopes that we will get future paper interest payments, which we desire in the hopes that we can exchange all that paper for something real. In the end, all investment is about exchange value. Gold's worth is that it holds exchange value very well.

Just because someone in authority says something, does not make it true.  

The true cause of the great depression was the enormous runup in credit and money the preceded it. With that in mind, it is beyond silliness to propose more credit and more money is the cure for a problem caused by too much money and too much credit.  

THE FOOL'S ON WALL STREET JUST DON'T GET IT, I DOUBT THEY EVER WILL.

Contagion Risk in Europe Is Back and Spain Is Top Worry..........AN ABSOLUTE MUST READ!

Contagion Risk in Europe Is Back and Spain Is Top Worry

Contagion risk in Europe is back on the agenda, not even a month after a debt swap that saw Greece sheltered from a messy default after a second liquidity-boosting operation from the European Central Bank.  THE SO CALLED SOLUTIONS BEING USED WON'T WORK!

Among the euro zone periphery countries, Spain is creeping up again as the big, sick member of the area and a recent rise in Spanish bond yields is a sign that its illness is unlikely to be cured soon.

Italian 10-year bond yields rose 7.9 basis points on the day on Thursday, to 5.08 percent but they were overtaken by Spanish 10-year bond yields, which were 5.49 percent, up 7.2 basis points on the day according to Reuters data.  GREECE, SPAIN, ITALY. ALL DISASTERS WAITING TO HAPPEN AND THIS DOESN'T EVEN TAKE INTO ACCOUNT IRELAND AND PORTUGAL. 

On Friday morning, Spanish 10-year bond yields were hovering around 5.47 percent while Italian bond yields were around 5.07 percent.

"It's the contagion risk," Jeffrey Alldis, a trader at ACT Currency Partners in Zurich told CNBC.com.

"It's possible that other countries like Spain, Italy and Ireland want the same thing" as the deal Greece got to restructure its debt, Alldis added.  

"We're seeing the expectation of volatility increasing which also tells us that uncertainty is rising," he said.

Spreads of credit default swaps - the cost of insuring against default - were 433.12 for Spain and 376.6 for Italy on Friday morning.

After the European Central Bank's second Long-Term Refinancing Operation on the last day of February, some analysts said that the European debt crisis was over as banks would use the money – lent to them at the bank's record low rate of 1 percent for three years – to buy the sovereign debt of the stricken euro members.

It was nothing but a 'Temporary Anesthetic'

For a while, it looked like the liquidity injection was working.  ONLY IF YOU WERE GULLIBLE, STUPID OR BOTH!  

"Since the second three-year LTRO at the end of February there's been a lot more stability in the euro area banking system as a whole," Stephen Gallo, head of market analysis at Schneider Foreign Exchange, told CNBC.com.

"A lot of the money that was lent by the ECB went into areas such as Italian and Spanish debt," he said.

Analysts at Capital Economics wrote in a market note that the central bank's latest liquidity operations appear to have ONLY delayed "a looming disaster in the euro zone banking sector."

"But it would be wrong to think that they have solved the region's deeper fiscal and economic problems, or secured the future of the single currency itself," they added. "The ECB has administered an effective, but temporary, anesthetic. It is up to the region's governments to deliver the cure." THE CURE IS A COLLAPSE AND A NEW SYSTEM. 

Gallo said investors should look to two-year bond yields to see what markets think of the periphery countries, as for most of them the debt is massed towards the short end of the maturity spectrum.

Yields on two-year government bonds were around 8 basis points lower for Italy than for Spain, despite the fact that before Prime Minister Mario Monti took over, Italy was considered a country with more difficulties than Spain and its debt was priced higher.  

"If you look at the way short-term Italian yields reacted to the LTRO, it looked like a lot of investors and banks went for Italy," Gallo said. "Italy has better fiscal metrics than a country like Spain, Portugal and obviously Greece… Italy is essentially safe."  WANT TO BET? 


"The story in Spain was a huge over-leveraging of private assets. Spain is more vulnerable because of the huge property bubble," he added.

Boom Gone Bust

Spain's construction boom during the golden years before the credit crunch saw thousands of apartments being built while the country imported workers from poorer European Union members such as newly-accepted Romania and Bulgaria to keep up with demand for workforce.

But as the crisis struck the housing market crashed, leaving behind ghost towns and forcing Spain to defy European Union principles by imposing restrictions on the workers from new member countries as unemployment soared to more than 22 percent.

An analyst told CNBC.com earlier this month that Spain was suffering worse problems than Greece because of its dire economic situation.

The country entered a dispute with the European Union over cutting its budget deficit, as the EU wants it to impose harsher austerity than the government is comfortable with.

"The issue is that Spain is a bigger risk to the euro area at the moment… the balance sheets of its banks are just awful," Gallo said.

The "huge bout of austerity" in Europe has people wondering where growth will come from, adding to insecurity about the euro zone, Rob Carnell, an analyst with ING, told CNBC, adding that the LTRO is unlikely to filter through into the real economy, just as the Federal Reserve's quantitative easing did not mean more lending for businesses and individuals in the U.S. 

"I wouldn't have thought that you're going to get a big impact on the real economy," Carnell said.

Data on European manufacturing seemed to confirm the gloomy outlook, with the flash composite euro zone PMI declining to 48.7 in March against expectations of an improvement to 49.7, with both manufacturing and services contracting. A number of under 50 shows contraction while anything above it signals an expansion.

Strikes against austerity measures are expected in Spain next Thursday, a day before the government's discussion of the budget.

The Economy Isn't Really Healing............AN ABSOLUTE MUST READ!

The Economy Isn't Really Healing

Please don't believe the hype that the American economy is healing. While it is true that some data is showing improvement, the true fundamentals of the economy continue to erode.

America's trade deficit hit $52.6 billion in January. That's the highest level since October of 2008 and is clear evidence that we have fully reverted back to our under production, under saving and overconsumption habits with alacrity. DENIAL, DELUSION AND JUST PLAIN DUMB! 

The nation's debt has now eclipsed 100% of our GDP, after 13 straight quarters of paying down debt households have now started to releverage their balance sheets and total non-financial debt is at a record 250% of GDP. The sad truth is that the U.S. economy is more addicted to debt than at any other time in history.  DEBT AND THE INFLATION OF THE MOST NEEDED CONSUMER GOODS, SUCH AS GASOLINE AND FOOD, ARE DESTROYING THE MIDDLE CLASS AND OUR ECONOMY.

Don't believe the lie that the Fed's money printing is laying fallow at the central bank and that inflation isn't harming the American middle class and the economy. Consumer prices rose 0.4% in the month of February alone and year over year increases in food and gas prices are 5% and 12% respectively. Money supply growth is up 10% in the past 12 months and banks are now buying U.S. Treasuries with reckless abandon.

Commercial banks have purchased $78.2 billion in Treasury and Agency debt in January and February of 2012. That's already more than the entire amount of purchases made in all of 2011 and is on track to add nearly ½ trillion dollars of government debt to commercial banks' balance sheets. The Fed buys these Treasuries from banks and that enables them to buy more debt from the government. Using that process, the Fed is able to monetize both existing and newly issued Treasury debt. Since the government gets the money first and distributes it into the economy, the money supply increases without any direct benefit of capital goods creation.

Making this situation even worse is the Fed's promise to keep interest rates on hold for another three years. Banks can either keep their newly created credit at the Fed earning .25% or give a three year loan to the government and earn .57% at the current interest rate. Since Bernanke has assured them that there is little risk of rates going up on the short end of the yield curve for at least the next 36 months, banks have made the intelligent choice to earn the extra yield and buy 3 year notes.

That is a big win for the banks because they can earn an extra 32 basis points on their money. And it's a major score for the government because they have a ready buyer for their debt. However, it's a big loss for the middle class, as they see their cost of living soar due to the relentless increase in money supply. ITS SIMPLE INCREASED MONEY SUPPLY INCREASES PRICES.

So there you have it! The American economy isn't healing at all. What we have accomplished is to further cement our addictions to debt, over consumption and inflation. 

Those very same conditions were the progenitors of the Great Recession beginning in December of 2007. 

Oil prices are soaring above $100 a barrel, inflation is rising and households are still soaked in debt… sound familiar? Only now the nation's sovereign debt is at a record level and the country is careening towards insolvency. 

The only thing holding the economy together is the Fed's promise of free money forever. That shouldn't be misconstrued as a viable and healthy economy.


Tungsten-Filled 1 Kilo Gold Bar Found In The UK........VERY INTERESTING AND VERY IMPORTANT

EVEN IF YOU ARE NOT INTERESTED IN GOLD THIS HAS FAR REACHING IMPLICATIONS AND IS A MUST READ.  IT SEEMS THAT ALMOST NOTHING IN OUR WORLD IS REAL OR HONEST.  IF TRUST GOES AND PUBLIC PERCEPTION TURNS AGAINST THE MARKET, WATCH OUT!  

CAVEAT EMPTOR!

BE PREPARED!


Tungsten-Filled 1 Kilo Gold Bar Found In The UK

The last time a story of Tungsten-filled gold appeared on the scene was just two years ago, and involved a 500  gram bar of gold full of tungsten, at the W.C. Heraeus foundry, the world's largest metal refiner and fabricator. It also became known that said "gold" bar originated from an unnamed bank. It is now time to rekindle the Tungsten Spirits with a report from ABC Bullion of Australia, which provides photographic evidence of a new gold bar that has been drilled out and filled with tungsten rods, this time not in Germany but in an unnamed city in the UK, where it was intercepted by a scrap metals dealer, and was supplied with its original certificate. The reason the bar attracted attention is that it was 2 grams underweight. 

Upon cropping it was uncovered that about 30-40% of the bar weight was tungsten. So two documented incidents in two years: isolated? 

Or indication of the same phenomonenon of precious metal debasement that marked the declining phase of the Roman empire. 

Only then it was relatively public for anyone who cared to find out on their own. Now, with the bulk of popular physical gold held in top secret, private warehouses around the world, where it allegedly backs the balance sheets of the world's central banks, yet nobody can confirm its existence, nor audit the actual gold content, it is understandable why increasingly more are wondering: just how much gold is there? And alongside that - while gold, (or is it GLD?), can be rehypothecated, can one do the same with tungsten?

From ABC Bullion:

ABC Bullion received the following email from one of our trusted suppliers this week.

Note:

It was not ABC Bullion that purchased this bar, the email and photos were sent to us as a general warning.

I xxxx'ed out the city's name to avoid any second guessing as to the name of the dealer.

19/03/2012:

Attached are photographs of a legitimate Metalor 1000gm Au bar that has been drilled out and filled with Tungsten (W).

This bar was purchased by staff of a scrap dealer in xxxxx, UK yesterday. The bar appeared to be perfect other than the fact that it was 2gms underweight. It was checked by hand-held xrf and showed 99.98% Au. Being Tungsten, it would not be ferro-magnetic. The bar was supplied with the original certificate.

The owner of the business that purchased the bar only became suspicious when he realized the weight discrepancy and had the bar cropped. He estimates between 30-40% of the weight of the bar to be Tungsten.

This is very worrying and reinforces the lengths that people are willing to go to profit from the current high metal prices. Please be careful.

Photos of the cropped bars: 1000g Gold bar cut showing inserted tungsten rods

 

Two halves of the cropped bar:

 

 

Finally, some observations from Paul Mylchreest on debasement:

Let's consider the run-up to Rome's hyperinflation. I think this comment, "Good Money, Bad Money, and Runaway Inflation" resonates with what's happening in the US today:
 

"Severus Alexander (AD 222-235) tried to reform by going back to the denarius but, once started, this path of runaway inflation and financial irresponsibility on the part of the imperial government proved impossible to control."

It also seems that the hyperinflation was preceded by some kind of banking crisis, which is an interesting parallel. From "Demise and Fall of the Augustan Monetary System" by Koenraad Verboven:

"Papyri show it was common for private individuals to deposit money at a bank and to make and accept payments through bankers. Bankers in the west disappear from view around the middle of the 3rd c… A famous papyrus from Oxyrhynchus from 260 CE shows exchange bankers closing in order to avoid having to change the 'imperial money'. The strategos ordered the exchange bankers to reopen and accept all genuine coins and warned businessmen to do the same. In 266 CE we find for the first time transactions being expressed in 'ptolemaeic' or 'old silver' as opposed to 'new silver'."

The chart below shows how inflation remained relatively subdued until a tipping point was reached in the late- 260s A.D Monetary systems can absorb substantial abuse before there is a dramatic impact on the price level. For example, the debasement of the coinage was already accelerating in the early part of the third century A.D., before plunging in the latter part. Indeed, the chart below (apologies for the quality) only shows the trend up to 253 AD. By around 290 AD, the coins were only dipped in silver to give them a coating (<0.5%):

 

WITH ALMOST INSTANTANEOUS COMMUNICATION TODAY, TRUST WON'T LAST VERY LONG IN THIS ENVIRONMENT, IF CHEATING BECOMES RAMPANT. 

Sunday, March 25, 2012

ARE YOU WATCHING?.............

ARE YOU WATCHING?
 
"But of that day and that hour knoweth no man, no, not the angels which are in heaven, neither the Son, but the Father. Take ye heed, watch and pray: for ye know not when the time is. . . . And what I say unto you I say unto all, Watch." 

                                         Mark 13:32-33, 37

DO YOU SEE MANY THAT ARE WATCHING?

DO YOU SEE MANY CHURCHES TALKING OR TEACHING ABOUT WATCHING? 
 

Every believer, in all places and times, has been commanded by Christ Himself to watch for His return. Since we cannot know the day nor the hour, we are to be watchful always. 

There are at least eight references in the New Testament commanding us to watch for His coming.
 
Many people have tried to calculate the date of Christ's coming. But Jesus said, "In such an hour as ye think not the Son of man cometh" (Matthew 24:44). If anyone "thinks" he has figured out the time, we can be sure that calculation is wrong! If even the Lord Jesus Himself, within the self-limiting confines of His humanity, did not know the time of His return, it is unscriptural and presumptuous for any of us to think we can determine it.  WE ARE TOO WATCH AND WE WILL KNOW THE SEASON.
 
In fact, the very reason for its uncertainty is to stimulate watchfulness on the part of the believer. When a believer starts to "say in his heart, My lord delayeth his coming" (Luke 12:45), there arises a real danger that he will fall into sinful habits.
 
The daily attitude of "looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ" is a real incentive for one to "live soberly, righteously, and godly, in this present world" (Titus 2:13, 12). "When he shall appear, we shall be like him," John promises, "And every man that hath this hope in him purifieth himself, even as he is pure" (1 John 3:2-3). We should continually "abide in him; that, when he shall appear, we may have confidence, and not be ashamed before him at his coming" 

                             1 John 2:28

Wisdom Speaks...........A MUST READ

 Wisdom Speaks


In this passage, wisdom is personified as a woman, and where this wise woman can be heard.

20 Wisdom crieth without; she uttereth her voice in the streets:

21 She crieth in the chief place of concourse, in the openings of the gates: in the city she uttereth her words, saying,

22 How long, ye simple ones, will ye love simplicity?  and the scorners delight in their scorning, and fools hate knowledge?

23 Turn you at my reproof: behold, I will pour out my spirit unto you, I will make known my words unto you.

Wisdom is offered to everyone, in every place, in every circumstance.  It is cried out, not whispered.  It is not a secret, a ritual, or exclusive to "the enlightened."  Wisdom is not a mystery.

Mankind, full of egotism and idolatry, refuses to hear wisdom, as she is crying out for all to hear and see.  

What follows is the result of rejecting the wisdom that is 

offered.

24 Because I have called, and ye refused; I have stretched out my hand, and no man regarded;

25 But ye have set at nought all my counsel, and would none of my reproof:

26 I also will laugh at your calamity; I will mock when your fear cometh; 27 When your fear cometh as desolation, and your destruction cometh as a whirlwind; when distress and anguish cometh upon you.

Since true wisdom comes only from God, the Bible says that following the wisdom of the world is to invite calamity.  

Our nation has invited destruction.  

Just look at this quote from famous evangelist, Billy Sunday(1862-1935):

"Rivers of America will run with blood filled to their banks before we will submit to them taking the Bible out of our schools."  How quickly America submitted.


As the proverb comes to an end, wisdom states that she will not answer when called upon after being  ignored and cast aside.

27 When your fear cometh as desolation, and your destruction cometh as a whirlwind; when distress and anguish cometh upon you. 28 Then shall they call upon me, but I will not answer; they shall seek me early, but they shall not find me: 29 For that they hated knowledge, and did not choose the fear of the Lord: 30 They would none of my counsel: they despised all my reproof.

31 Therefore shall they eat of the fruit of their own way, and be filled with their own devices.32 For the turning away of the simple shall slay them, and the prosperity of fools shall destroy them.

Following the prosperity of fools???  Ridiculous fashion trends, extravagant lifestyles, excessive consumerism, idolization of sports figures and celebrities. . . America Today!

 

But whoso hearkeneth unto Me shall dwell safely, and shall be quiet from fear of evil.

Proverbs 1: 20-33

The Nature Of The Antichrist; 5 Dark Signs To Recognize His Nature ...........A MUST READ

The Nature Of The Antichrist; 5 Dark Signs To Recognize His Nature 

"THE MARK OF THE ANTICHRIST HAS MORE TO DO WITH HIS "NATURE" THAN THE TATTOO HE WILL DEMAND ON YOUR FOREHEAD OR RIGHT HAND! 

The Bible clearly identifies five aspects of the Antichrist that will deceive the world and cause an incredible multitude to be eternally damned. Many are concerned about his "MARK 666" but never give a thought to his nature. Notice how the Bible clearly warns us of this truth. As John watches he sees"… the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand… And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name." (Revelation 14:9,11) In both verses, we are warned that men will follow him in worship and receive his mark. There is no question but that our world is experiencing a deluge of the nature of this future beast. This article has one goal of helping you identify his nature. When the Rapture occurs, the world left behind will have already been prepared for his "MARK".

HIS NATURE IS THE PRELUDE TO HIS MARK OR TATTOO. We call his nature that is gripping our world, "THE SPIRIT OF THE ANTICHRIST". The Scripture says, "… this is that spirit of Antichrist, whereof ye have heard that it should come; and even now already is it in the world." (I John 4:3) We must recognize the spirit of this beast that is preparing our world for his mark. There are millions that have so surrendered to the nature that it will make no difference when they take the mark. The mark cannot be received until the Man of Sin, the beast himself, is revealed, but the nature and his worship can be experienced already. Let's try to identify his nature to the best of our understanding of truth.

1. The FIRST expression of his nature is to dilute the Bible so that truth becomes relative instead of authoritative. 

Almost the entire church world has bought into the new Bible versions that shatter the infallible source of His glorious truth. This is clearly Satan's design. The devil does not want to destroy the Bible, that would cause a revolution; he wants to create a spirit of denial of numerous parts of the Scripture. The Antichrist does not need for you to reject the whole Bible, just a small part of it. You will be just as eternally lost by turning away from some Scripture that you call cultural, outdated, or some other adjective as if you rejected the whole. This nature of the beast is on a binge to get you questioning God's absolute Truth.

2. SECOND, attribute of the beast nature is to destroy the beautiful sense of our sacred temple of the human body. 

The body or the temple of every living person is a sacred creation intended to be the temple of His Holy Spirit. "If any man defile the temple of God, him shall God destroy; for the temple of God is holy, which temple ye are." (I Corinthians 3:17) The appearance, the dress, the morality, the language and the treatment of your body as a holy temple is a Biblical requirement; and you cannot serve God if you treat this truth lightly. "Be ye not unequally yoked together with unbelievers: for what fellowship hath righteousness with unrighteousness? and what communion hath light with darkness? And what concord hath Christ with Belial? or what part hath he that believeth with an infidel? And what agreement hath the temple of God with idols? for ye are the temple of the living God; as God hath said, I will dwell in them, and walk in them; and I will be their God, and they shall be my people. Wherefore come out from among them, and be ye separate, saith the Lord, and touch not the unclean thing; and I will receive you." (I Corinthians 6:4-17) "Meats for the belly, and the belly for meats: but God shall destroy both it and them. Now the body is not for fornication, but for the Lord; and the Lord for the body." "What? know ye not that your body is the temple of the Holy Ghost which is in you, which ye have of God, and ye are not your own?" (I Corinthians 6:13,19) The church world has rejected the beauty of a Godly life lived so tenderly that the temple/body is filled with His glory and power and looks like a light from His transforming grace. The world cannot see inside the temple, they can only see the outside reflection.

3. THIRD, the Antichrist nature is to deny all of the laws of God, and His commandments. 

The new religious philosophy says, "free as a breeze to do as you please." It is from the enemy of truth, the beast. I call this "religious philosophy" because it surely is not "religious theology." It's the nature of the beast. The Bible says,"And hereby we do know that we know him, if we keep his commandments. He that saith, I know him, and keepeth not his commandments, is a liar, and the truth is not in him." (I John 2:3-4) Those words are utterly rejected by most of the church world because of the spirit of the Antichrist. This Antichrist spirit wants everyone free of any restrictions because restrictions are how we discern right from wrong, good from bad and darkness from light.

4. FOURTH, his nature is to promote Biblical knowledge without a Biblical experience. 

Our World is full of religious people that know a lot about the Bible but have no experience with the person of Jesus Christ. Religious colleges and universities are abounding. Religious books line the walls of religious bookstores and all types of communication methods are flooded with religious teachings. All of this is empty until the soul has a transforming experience of being born again – a radical change – and surrenders to a cross-bearing life with Jesus Christ. Satan and his beast love religion, but they are terrified by the Holy Spirit's transformed relationship with the Lord of the church. Satan and his angels have never ceased to be religious. The Beast that gives life to the image has a nature of false religion. "And I beheld another beast coming up out of the earth; and he had two horns like a lamb, and he spake as a dragon." (Revelation 13:11) "Horns on a lamb" is the exact opposite of the Lamb of God.

5. The FIFTH nature of the new beast and his new religion is righteousness without Godliness. 

Righteousness is imputed; it is the work of grace; and no amount of good works can earn righteousness. The saving grace is His gift and we come to Him without trusting anything of ourselves. But, the new theology flooding the church is to deny the effect of that righteousness and to leave the religious man free of the radical change demanded by Scripture. Christ's righteousness is not a head matter, it's a heart matter; and it will totally alter your life. "For if we sin wilfully after that we have received the knowledge of the truth, there remaineth no more sacrifice for sins." (Hebrews 10:26) "Follow peace with all men, and holiness, without which no man shall see the Lord." (Hebrews 12:14) Our churches are full of religion but very few are living examples of Jesus Christ. This is the design of the Antichrist. Can you hear it in John's description of the Beast: "Horns like a lamb but sounding like a dragon?"

The nature of the beast is to promote programs without power and emotions without the supernatural works of His Holy Spirit. The life of the church is the resurrection life of Jesus Christ and that life is supernatural. The church must be alive with His presence or it becomes a tool of the new religion that the coming beast loves. Every action of Satan is only slightly removed from its original beauty in the Creator. Satan is a deceiver and can imitate the real very cleverly. The Word of God must always be the basis of discernment.

We are living on the edge of His coming and deception is everywhere.