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The Last Contango in Washington - For EWB
Dec 10, 2008 9:41 PM
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I made a semi-mysterious statement to you yesterday, and I did not want you to be mislead about what I was talking about so I thought I'd lay it on the line here.
Gold has been dropping in price now for awhile, drastically, especially since December 2, 3, 4 and 5, this is called a backwardation in gold. Right now gold is selling at 804.70. And there has been a drastic drop in gold cirulation. This is epic considering the times (not only epic but unprecedented - This backwardation of gold means that trust in the fiat system is gone, and it really doesn't matter if gold goes back up, the backwardation point has been reached, which is a marker of future events, it bodes doom for the financial system of things). While subprime and stockmarkets are getting a pounding, governments are pulling gold from the market and printing more paper money.
History tells us that when gold is confiscated during a ression or depression it actually makes things worse. This happened in the United States in 1933, this was caused by the direct declin in interest rates, which caused panic, and widespread destruction of finanial institutions and bankrupcies.
The drying up of gold reserves, the tightening of the belt as it were will in turn cause a drastic deline in the global economy. Central banks have recently stopped selling and leaseing gold. The lowering of the price is perhaps, not necessiarly so, but perhaps to scare people who have paper gold, or interests in paper to sell. Nevertheless it appears as if something very drastic is about to take place.
The Last Contango in Washington is referring to the end of hegomony of the dollar, which is loosing it value. So at the end of the year on December 31 it is possible something immense will hit the fans. If not, then it will hit the fans in Feburary at the expiration of the futures gold contracts.
Either way something big is about to hit the economic system come Feb/March. And this is only the tip fo the iceberg of what I have been investigating. Now if something else were to hit somewhere, a "world crisis" or terrorist attack of some sort around this time, things are going to be even worse.
Add to this the increasing numbers of layoffs which are starting to compound, forclosers rolling from the subprime to the prime markets, more factories closeing, the resulting deflation of the dollar, commercial real estate forclosers as a result, etc. etc. etc. If anyone thinks they have seen anything yet, they ain't seen diddly. But on your seatbelt and get ready for the financial and economic ride of your life, courtesy a failing financial system of things.
We'll hae to wait and see how everything unfolds in the next few months. But my guestimate is that Feb/March will be a time of some tremendous changes.
See a good explanation of this:
http://www.freedom4um.com/cgi-bin/readart.cgi?ArtNum=92008&Disp=6&Trace=on
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From house to house they continued without letup - Acts 5:42.
They will have to know that I am Jehovah. - Ezekiel 38:23.
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(2 of 35)
Dec 10, 2008 10:13 PM
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And referring to the "year of goodwill" that is the jubliee, or the 50th year, this indeed has symbolic significance, almost everything in the scriptures too. To restrict this only to the Jewish nation as stricly a literal year is quite foolhardy. In fact Jesus himself quoted this scripture and applied it to himself:
(Luke 4:18-19) . . ."Jehovah?s spirit is upon me, because he anointed me to declare good news to the poor, he sent me forth to preach a release to the captives and a recovery of sight to the blind, to send the crushed ones away with a release, 19 to preach Jehovah?s acceptable year.?
This scripture of course has its main fulfillment in Jesus, but it also has a secondary fulfillment in the entire anointed slave class. That is when a person dedicates himself and is baptised, and sealed and anointed, they have died as to their former self, course of life, and have dedicated themselves to do God's will, which is to preach and teach about God's incoming kingdom as substitutes of Christ, his ambassadors on earth to the nations. That is what a true anointing is. Everyone that is anointed with holy spirit are anointed with this specific purpose while on earth, they are chosen of God to witness to the nations, to proclaim, as did Jesus "the year of goodwill" or the "acceptable year."
Was Jesus referring to just a specific Jubliee year of the Jews? Of course not. For the anointed have continued throughout the centuries, down into our time being commiossioned to proclaim God's "year of goodwill" as had been Jesus.
Many members of Christendom who believe they are born-again, anointed, chosen, have no understanding of what they are really saying. If they really were chosen and anointed then they would understand it as their obligation and responibility as substitutes of Christ, ambassadors to the nations, to prolcaim the good news, that is preach and teach to all the meet as did Jesus, and all his adopted brothers.
This year of goodwill which Jesus proclaimed was a period of time where God's goodwill would prevent* the destruction of this present system of things until his spirit and his will has chosen and sealed the final members of the 144,000 and made it possible for a group of people on earth through the direction of Jesus their leader to spearhead a preaching work that would reach the most distant parts of the earth. We who obey this command enter into God's rest:
(Hebrews 4:6-10) . . .Since, therefore, it remains for some to enter into it, and those to whom the good news was first declared did not enter in because of disobedience, 7 he again marks off a certain day by saying after so long a time in David?s [psalm] ?Today?; just as it has been said above: ?Today if YOU people listen to his own voice, do not harden YOUR hearts.? 8 For if Joshua had led them into a place of rest, [God] would not afterward have spoken of another day. 9 So there remains a sabbath resting for the people of God. 10 For the man that has entered into [God?s] rest has also himself rested from his own works, just as God did from his own.
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From house to house they continued without letup - Acts 5:42.
They will have to know that I am Jehovah. - Ezekiel 38:23.
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(3 of 35)
Re: The Last Contango in Washington - For EWB
Dec 10, 2008 10:59 PM
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Vic,
I will have to consider these things tomorrow.
Thanks.
BTW: Awoon is suffering for some serious attention this evening. LOL!
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(4 of 35)
Re: The Last Contango in Washington - For EWB
Dec 11, 2008 5:45 AM
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Nope, just being Human which you people wanna deny and make yerselves Gods.
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(6 of 35)
Re: The Last Contango in Washington - For EWB
Dec 11, 2008 9:19 PM
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Wow!
Sounds to me like the guy that drives the forklift from room to room at the Papermill of the Potomac had better start wearing a bullet proof vest. He's probably even filling his own propane tanks just to keep the thing going !
Did you ever see the show about how they actually trade gold from room to room in that place?
It also looks like the time for them to start throwing their money out in the streets will be when the futures contracts come due in February. The preparation for the great disappointment must be keeping them up at night already.
Who really knows how long Midas will sit on his hands though before he starts throwing stuff in the fan ?
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(8 of 35)
Re: The Last Contango in Washington - For EWB
Dec 22, 2008 5:06 PM
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Interresting interview with Lynon Larouche who calls the finanical crisis the worst one since the 1400's. Yea, not comparing it to the Great Depression, but to the Dark Ages:
http://www.youtube.com/watch?v=wcsCDOIJ1YQ&feature=related
--
From house to house they continued without letup - Acts 5:42.
They will have to know that I am Jehovah. - Ezekiel 38:23.
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Posts:
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Re: The Last Contango in Washington - For EWB
Dec 22, 2008 7:18 PM
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Hey Vic,
Did you know that Larouche's Quaker order formed a special committee to have him excommunicated in his 20's? Seems some money disappeared from a trust, and he was onto them.
He was also a conscientious objector, and defended India's independence movement from Britain:
http://en.wikipedia.org/wiki/Lyndon_LaRouche
Hear how straightforward he makes his argument against bank bailouts:
http://www.youtube.com/watch?v=Jd5uaScAUSQ
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(11 of 35)
Re: The Last Contango in Washington - For EWB
Dec 22, 2008 9:42 PM
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...but I think he is just another Trotsky-ite/ Marxist/Socialist reformer with an idea for sale, and likewise looking for a job in hard times.
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Re: The Last Contango in Washington - For EWB
Dec 22, 2008 9:49 PM
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I don't know, don't know much about him. I read he was once a Presidental Canadidate, and went to prison for something.
He could be wrong, anyone really could be, I doubt anyone knows anything for sure. But I wouldn't trust the corporate news media to get it right.
Many people have forseen this coming, and have explained exactly why, and now it is unfolding as predicted by many many reasonable-minded and educated people. I can't believe it when Biran Williams gets on the Evening News and says "no one saw this coming." I mean he might not know, he's just an anchorman who reads words spit out to him. But the persons behind the writing, are they really that dense, or are they misleading the masses? I really dont' know. But one thing is for sure, a lot of people saw this coming, and have been talking about it for a long time, but mass media has been ignoring them. Just like the world is ignoring the warning Jehovah's people are sounding.
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From house to house they continued without letup - Acts 5:42.
They will have to know that I am Jehovah. - Ezekiel 38:23.
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Re: The Last Contango in Washington - For EWB
Dec 22, 2008 9:55 PM
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> I don't know, don't know much about him. I read he
> was once a Presidental Canadidate, and went to prison
> for something.
>
> He could be wrong, anyone really could be, I doubt
> anyone knows anything for sure. But I wouldn't trust
> the corporate news media to get it right.
He certainly has credentials as an old-timer economist who has examined the system (for what it is worth) for a very long time.
But he seems to me to be a little too pretentious in his presentation, and there are those who think him to be an opportunist for his own world-economic scheme.
He will probably play a pivotal role in the near future.
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(14 of 35)
Re: The Last Contango in Washington - For EWB
Dec 23, 2008 5:27 AM
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"I really dont' know. But one thing is for sure, a lot of people saw this coming, and have been talking about it for a long time, but mass media has been ignoring them. Just like the world is ignoring the warning Jehovah's people are sounding."
I think it is also human nature to believe in puritanic myth of continuity, and nobody likes to be told that they are wrong about anything, especially when they imagine everything to be right in their own little scheme of things.
We are all guilty of it in one way or another; I don't care who you are.
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(15 of 35)
Re: The Last Contango in Washington - For EWB
Jan 11, 2009 6:01 AM
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Vic,
It sounds like this may be instigated by the Fed's to devalue the U.S. dollar and save the economy. At least that's what Antal E. Fekete, Professor of Mathematics and Statistics,Newfoundland, told of Bernanke's FDR-styled plan for gold tinkering:
"Anyone who reads the written works of our Fed Chairman will know that Bernanke's long term plan involves devaluing the dollar against gold. This is the exact opposite of the position of most prior chairmen. He has overtly stated his intentions toward gold, many times, in various articles, speeches and treatises written before he became Fed Chairman. He often extols the virtues of F D Roosevelt's gold revaluation/dollar devaluation back in 1934, and credits it with saving the nation from the Great Depression. According to Bernanke, devaluation of the dollar against gold was so effective in stimulating economic activity that the stock market rose sharply in 1934, immediately thereafter. That is something that the Fed wants to see happen again." "
I guess that when capitalist greed runs rampant, their solution is to devalue the dollar. That is still a system of disparity from within that is destined to collapse no matter how you shift currency values.
I.E.: The rich will still get richer and the poor will still get poorer, and gouged to death.
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