Edit: Apparently, when I wrote this post this morning, I only saved it as a draft. D’oh. Here it is now.
Real posts coming, honest. For example, I must needs post pictures of the kittens who still need homes. I also must needs post pictures of our first kids. Goat, not human. Silly. But for now… I must needs go out, make good use of the sunshine and above-freezing weather, and… clean stalls. *sigh* Hey, it’s all part and parcel, pals.
Done will alliteration now. Really.
But you know I’ve commented on the whole hey-maybe-the-dollar-will-collapse bit before, right? Well,I read this blog post over at Traditions of Men Blog/Podcast and thought I’d share it. I wonder how many of these items will pan out?
Readers of this blog know that fiat currencies survive only when there is confidence in the system. This confidence has not only been badly shaken, but was near collapse last week, as the Eastern European countries currencies came under pressure. The resulting contagion, were their currencies to fail, would have moved quickly up the food chain, enveloping Western Europe and ultimately the US.
Engineered rallies like this come when desperation is high. I mean, lets really think about this. What is newsworthy about Citi earning a profit for the first two months of the year? Why would that have to be reported this week? I could have been a profit of $1. Furthermore, there is absolutely no way to verify that statement. The cooked books don’t get released for 1Q09 until mid April.
No, it was the need to put into play:
“US Operation Confidence Con.” by Bix Weir
To restore the underlying false confidence in our economic and monetary systems thus continuing the dominance of the global financial power elite.
Plan of Attack:
1) Start by having the President tell the investing public to buy stocks because they are cheap.
2) Slam the gold and silver markets using the traditional COMEX paper rigging operation to hide the truth about the condition of the US Dollar and the fact that the world is quickly running out of both physical metals.
3) Have CEO’s of major banks such as Citigroup and JP Morgan announce that they had a great first two months (excluding losses in mortgage portfolios, credit card portfolios, credit default swaps and other toxic derivatives)
4) Have the Plunge Protection Team flood the markets with stock buy orders to flush the shorts and brings along the perma Bulls like lemmings.
5) Float rumors of ending mark-to-market accounting and re-instating the uptick rule to fry the short traders.
6) Have GM announce that they don’t need the extra $2B in March (oh, so all their problems are cured… for 3 weeks at least!)
7) Have the Muppets on financial TV programs proclaim that the bottom is in and it’s safe to go back in the investing water.
#8) Introduce a restrictive US mining law that would destroy all hard rock mining operations in the US so the banking cabal can cover their naked mining share shorts..
9) Downgrade GE to AA+ and declare “it’s a good thing” giving them a “Stable” outlook and goose their share price so no one thinks there’s anything wrong…”No problems here”.
10) Do anything and everything you can except NEVER show the true fragile state of the monetary system with over a QUADRILLION DOLLARS in derivatives that have yet to be resolved (…in fact they are growing exponentially!)
EXPECTED RESULT: Buy a few more weeks/months before the complete collapse of the global monetary system.
Apparently, when I envisioned the collapse of a country’s monetary system, I was thinking small (who knew country = small?). One has to wonder what “the complete collapse of the global monetary system” would look like. In the words of Amy, who posted the above link… “Cue the scary music, and pass the moonshine.” Granted, I don’t drink, but… pass the homemade soda?
On the bright side, through all of this, I’ve been telling myself, “I know God is in control.” But there has been an unspoken “but” at the end of the sentence in my head. Basically, I’ve been acknowledging it in my head, but not in my heart. Hence spending a couple of days utterly overwhelmed and depressed this week. Well, at church we’re having a Bible study of sorts, and one of the passages that came up during it was Psalm 73. Verses 25 and 26, I believe. So this morning I revisited them. Then I revisited the entire chapter. It was humbling and uplifting all at once, to know that I stray (yeah, the humbling part) but God still keeps me near through His grace (the uplifting part), and above all, He is in control (talk about uplifting). I’ve decided to memorize the passage, because.. well, it’s a good thing to remember. And I have a feeling that I will be needing it. So.. now I share! 😀 (Even if I should be hauling manure at this point.) Oh, and the italicized part.. that’s just my study Bible’s subtitle on the passage. Not actually part of the Biblical text. But anyway.
The Tragedy of the Wicked, and the Blessedness of Trust in God
Truly God is good to Israel,
To such as are pure in heart.
But as for me, my feet had almost stumbled;
My steps had nearly slipped.
For I was envious of the boastful,
When I saw the prosperity of the wicked.
For there are no pangs in their death,
But their strength is firm.
They are not in trouble as other men,
Nor are they plagued like other men.
Therefore pride serves as their necklace;
Violence covers them like a garment.
Their eyes bulge with abundance;
They have more than heart could wish.
They scoff and speak wickedly concerning oppression;
They speak loftily.
They set their mouth against the heavens,
And their tongue walks through the earth.
Therefore his people return here,
And waters of a full cup are drained by them.
And they say, “How does God know?
And is there knowledge in the Most High?”
Behold, these are the ungodly,
Who are always at ease;
They increase in riches.
Surely I have cleansed my heart in vain,
And washed my hands in innocence.
For all day long I have been plagued,
And chastened every morning.
If I had said, “I will speak thus,”
Behold, I would have been untrue to the generation of Your children.
When I thought how to understand this,
It was too painful for me–
Until I went into the sanctuary of God;
Then I understood their end.
Surely You set them in slippery places;
You cast them down to destruction.
Oh, how they are brought to desolation, as in a moment!
They are utterly consumed with terrors.
As a dream when one awakes,
So, Lord, when You awake,
You shall despise their image.
Thus my heart was grieved,
And I was vexed in my mind.
I was so foolish and ignorant;
I was like a beast before You.
Nevertheless I am continually with You;
You hold me by my right hand.
You will guide me with Your counsel,
And afterward receive me to glory.
Whom have I in heaven but You?
And there is none upon earth that I desire besides You.
My flesh and my heart fail;
But God is the strength of my heart and my portion forever.
For indeed, those who are far from You shall perish;
You have destroyed all those who desert You for harlotry.
But it is good for me to draw near to God;
I have put my trust in the Lord GOD,
That I may declare all Your works.
– Psalm 73, NKJV