3/10 UPDATE - MEGA TERROR ALERT
- Thread starter Spirit Of Truth
- Start date
Spirit Of Truth
Inactive
Be alert.
The Nasdaq Composite decisively broke below 2000 and the Dow Jones Composite Index broke below 3000 over the past two days. The next even more critical level is 10,000 on the DJIA, which we are now within 300 points of breaching.
As I have pointed out time and time and time again, when the DJIA breaks below key thousand marks it is usually associated with negative historical shocks like 9/11 (DJIA broke decisively below 10,000 on Sept. 6th of 2001).
It could be that we are mainly dealing with an unraveling of the debt bubble that has been inflated by reckless government and Federal Reserve policies in recent years and decades. If so, then the stock market may now start anticipating a debt-deflation implosion in the economy that astute thinkers like Robert Prechter have been warning about for years.
However, what Prechter and other such long-wave theorists fail to recognize is that the social wave patterns they analyze do not unfold in a consequential manner, i.e., where a downturn in mood gives rise to the negative thinking and associated actions that beget greater upsets in collective confidence and reinforce given downtrends in collective mood. Rather, such historical wave patterns are synchronistic such that reversals and large-scale downtrends manifest as negative events collectively experienced as mass mood collapses. Accordingly, the reversal from Nasdaq 2000 and soon Dow 10,000 may be coincident with negative historical shock(s) outside of financial markets and the economy. My concern remains for terrorism involving weapons of mass destruction and/or ultimately global nuclear war as I foresaw back in 1991.
See - http://www.spiritoftruth.org/terroralert.htm
or my other related articles: http://www.spiritoftruth.org
The Nasdaq Composite decisively broke below 2000 and the Dow Jones Composite Index broke below 3000 over the past two days. The next even more critical level is 10,000 on the DJIA, which we are now within 300 points of breaching.
As I have pointed out time and time and time again, when the DJIA breaks below key thousand marks it is usually associated with negative historical shocks like 9/11 (DJIA broke decisively below 10,000 on Sept. 6th of 2001).
It could be that we are mainly dealing with an unraveling of the debt bubble that has been inflated by reckless government and Federal Reserve policies in recent years and decades. If so, then the stock market may now start anticipating a debt-deflation implosion in the economy that astute thinkers like Robert Prechter have been warning about for years.
However, what Prechter and other such long-wave theorists fail to recognize is that the social wave patterns they analyze do not unfold in a consequential manner, i.e., where a downturn in mood gives rise to the negative thinking and associated actions that beget greater upsets in collective confidence and reinforce given downtrends in collective mood. Rather, such historical wave patterns are synchronistic such that reversals and large-scale downtrends manifest as negative events collectively experienced as mass mood collapses. Accordingly, the reversal from Nasdaq 2000 and soon Dow 10,000 may be coincident with negative historical shock(s) outside of financial markets and the economy. My concern remains for terrorism involving weapons of mass destruction and/or ultimately global nuclear war as I foresaw back in 1991.
See - http://www.spiritoftruth.org/terroralert.htm
or my other related articles: http://www.spiritoftruth.org
Welcome to Timebomb2000.
Are you the Jay Adams who posts at TFP? ( how often do you get jokes about the Jay Adams who wrote Christian Counseling books?)
I think you are absolutely right about "mass mood collapses". Whatever happens will no doubt be sudden and massive....irrational exuberance and the madness of crowds sort of thing.
Are you the Jay Adams who posts at TFP? ( how often do you get jokes about the Jay Adams who wrote Christian Counseling books?)
I think you are absolutely right about "mass mood collapses". Whatever happens will no doubt be sudden and massive....irrational exuberance and the madness of crowds sort of thing.
I guess I have been to involved with my daily survival as I had no idea the DOW was below 3,000.
NOTE:
I just opened another browser after I posted this and went to Yahoo. They are saying the DOW is over 10,000 so what are you talking about?
snip-
Dow
10,257.19
-39.70
(-0.39%)
Nasdaq
1,966.08
+1.93
(+0.10%)
S&P 500
1,120.56
-3.33
(-0.30%)
10-Yr Bond
3.694%
-0.041
NYSE Volume
326,895,000
Nasdaq Volume
461,133,000
Quote data provided by Reuters
night driver
ESFP adrift in INTJ sea
Stocks Lower in Early Trading
By Meg Richards The Associated Press
Published: Mar 11, 2004
http://ap.tbo.com/ap/breaking/MGAH1D0ZORD.html
NEW YORK (AP) - Edgy investors pushed stocks lower for a fourth session Thursday as upbeat news on last month's retail sales was tempered by news of a series of terrorist bombings in Madrid that killed more than 170 people.
In early trading, the Dow Jones industrial average was down 64.37, or 0.6 percent, at 10,232.52, a day after it plunged 160 points as investors became increasingly fearful that a long-forecast correction was under way.
The broader gauges also fell. The Nasdaq composite index was down 9.32, or 0.5 percent, at 1,954.83. The Standard & Poor's 500 index was off 6.54, or 0.6 percent, at 1,117.35.
In a hopeful sign for growth in the current quarter, the Commerce Department reported a 0.6 percent rise in sales at the nation's retailers in February, matching economists' expectations. The increase follows a revised 0.2 percent rise in January, better than the previously reported 0.3 percent decline.
New claims for unemployment benefits dropped last week by a seasonally adjusted 6,000 to 341,000, a six-week low, the Labor Department said. Although companies seem to be slowing the pace of layoffs, they don't seem to be in a hurry to hire new workers, which has worried economists. If the lackluster trend continues, consumer may become more cautious.
Officials in Spain blamed Basque separatists for the worst terror attack in the country's history. In addition to the 170 dead, at least 600 people were injured in the 10 bombs, which come just ahead of the country's weekend elections.
Nortel Networks Corp. lost 72 cents, or 10 percent, to $6.16 after saying it would have to further restate results for 2003 based on the findings of an independent review by its audit committee. In December, the telecom company restated earnings going back to 2000 because of improper accounting methods.
Target Corp. added $3.02, or 7.2 percent, at $44.75 after the retailer said it was considering selling its Mervyn's and Marshall Field's divisions. Several brokerage analysts issued upgrades on the announcement.
J.C. Penney Co. was down 28 cents at $32.12 on published reports that it may split up its Eckerd drugstore chain, and is in talks with CVS Corp.
The Russell 2000 index, which tracks smaller company stocks, was down 1.91, or 0.3 percent, at 573.10.
Overseas, Japan's Nikkei stock average finished 1.2 percent lower Thursday. In afternoon trading in Europe, France's CAC-40 lost 2.6 percent, Britain's FTSE 100 was down 1.9 percent and Germany's DAX index sank 3.1 percent.
By Meg Richards The Associated Press
Published: Mar 11, 2004
http://ap.tbo.com/ap/breaking/MGAH1D0ZORD.html
NEW YORK (AP) - Edgy investors pushed stocks lower for a fourth session Thursday as upbeat news on last month's retail sales was tempered by news of a series of terrorist bombings in Madrid that killed more than 170 people.
In early trading, the Dow Jones industrial average was down 64.37, or 0.6 percent, at 10,232.52, a day after it plunged 160 points as investors became increasingly fearful that a long-forecast correction was under way.
The broader gauges also fell. The Nasdaq composite index was down 9.32, or 0.5 percent, at 1,954.83. The Standard & Poor's 500 index was off 6.54, or 0.6 percent, at 1,117.35.
In a hopeful sign for growth in the current quarter, the Commerce Department reported a 0.6 percent rise in sales at the nation's retailers in February, matching economists' expectations. The increase follows a revised 0.2 percent rise in January, better than the previously reported 0.3 percent decline.
New claims for unemployment benefits dropped last week by a seasonally adjusted 6,000 to 341,000, a six-week low, the Labor Department said. Although companies seem to be slowing the pace of layoffs, they don't seem to be in a hurry to hire new workers, which has worried economists. If the lackluster trend continues, consumer may become more cautious.
Officials in Spain blamed Basque separatists for the worst terror attack in the country's history. In addition to the 170 dead, at least 600 people were injured in the 10 bombs, which come just ahead of the country's weekend elections.
Nortel Networks Corp. lost 72 cents, or 10 percent, to $6.16 after saying it would have to further restate results for 2003 based on the findings of an independent review by its audit committee. In December, the telecom company restated earnings going back to 2000 because of improper accounting methods.
Target Corp. added $3.02, or 7.2 percent, at $44.75 after the retailer said it was considering selling its Mervyn's and Marshall Field's divisions. Several brokerage analysts issued upgrades on the announcement.
J.C. Penney Co. was down 28 cents at $32.12 on published reports that it may split up its Eckerd drugstore chain, and is in talks with CVS Corp.
The Russell 2000 index, which tracks smaller company stocks, was down 1.91, or 0.3 percent, at 573.10.
Overseas, Japan's Nikkei stock average finished 1.2 percent lower Thursday. In afternoon trading in Europe, France's CAC-40 lost 2.6 percent, Britain's FTSE 100 was down 1.9 percent and Germany's DAX index sank 3.1 percent.
Spirit Of Truth
Inactive
I am Jay Adams....and my name will reverberate through the echo chamber of history.
'plain o joe'
Membership Revoked
brihard
Inactive
Spirit Of Truth said:
Generally one does NOT say stuff like that if one wishes to be taken seriously here. Let's see a bit of credibility- in the form of accurate predictions- before we go messing with the echo chamber, alright?
Besides, if TS *does* HTF, I doubt there will be many left to remember your prophesies anyway. Lose/lose for the reputation, eh?My take on things? You've got terror in Europe, massive domestic debt in the US, big social kerflufle over the gay marriage issue... Lots of tense, edgy people out there, which naturally erodes optimism they may have had- including optimism about the markets. Plus, gas prices are still cranking up like crazy. the economy as a whole is having hard times. I fail to see how stock eprformnce is an accurate prediction of terror attacks BEFORE the event.
Spirit Of Truth
Inactive
As I feared, what may be the Grand Supercycle crash is opening up in the form of world terrorism. While someday I will take the time to elaborate on why these reversal in mass mood manifest as negative historical events outside simply what happens in the markets and the economy, for now I only have time to point out what I see and make associated projections.
See - http://www.spiritoftruth.org/terroralert.htm
The news of the train bombings in Spain that have killed nearly 200 people and wounded over 1400 others comes just after the Nasdaq Composite decisively fell below 2000 and the Dow Jones Composite broke below 3000. The attacks, which occurred exactly 2 1/2 years after the Sept. 11, 2001 (the DJIA broke decisively below 10,000 on Sept. 6th of 2001), are being referred to as Spain's 9/11 and constitute Europe's worst terrorism since the 1988 bombing of a Pan Am jetliner over Lockerbie, Scotland, that killed 270 people. The impact of the Spain's terrorist attack reverberated through world financial markets as U.S. and European bourses all suffered dramatic drops.
While ETA was the logical suspect for this newest act of terror on Spanish soil, there are rising suspicions that al Qaeda may have been to blame.
A statement attributed to al Qaeda was sent to the London-based daily Al-Quds Al-Arabi that claimed responsibility for the deadly series of bombings in Madrid, which was dubbed "Operation Death Trains", as well as a suicide attack on a masonic lodge in Istanbul two days earlier. "The death squad (of the Abu Hafs Al-Masri Brigades) succeeded in penetrating the crusader European depths and striking one of the pillars of the crusader alliance - Spain - with a painful blow," said the statement, signed "Abu Hafs al-Masri Brigades/Al-Qaeda" and dated March 11.
See http://sify.com/news/international/fullstory.php?id=13426525
The message indicated that the strike "was a part of the settling of old scores with crusader Spain, America's ally in its war against Islam".
The statement continued: "In another operation the Jund Al-Quds (Al-Quds soldiers) squad struck the masonic Jewish lodge in Istanbul, the main masonic lodge. Three senior masons were killed in the operation and had it not been for a technical error, all would have been killed. Where is America, O Aznar? Who is going to protect you, Britain, Japan, Italy and other collaborators from us? We give Muslims in the world the glad tidings that Operation Winds of Black Death, the anticipated strike at America, is in the final stages (of preparation), 90 percent (completed)."
That last line above from al Qaeda's statement is clearly very alarming. What would "Operation Winds of Black Death" be about in America?
Given the post-9/11 Anthrax mailings, Mohammad Atta's interest in purchasing a crop duster and the whole Iraqi connection to all this, I really don't need to elaborate.
See http://www.spiritoftruth.org/walysamar4.htm
"Black Death" is the name of the bubonic plague pandemic that devastated 14th century Europe. "Operation Winds" implies an operation that will make use of winds just as "Operation Death Trains" made use of trains. Is bioterror being planned against America as I forewarn in my 2004 terror alert?
Let's hope and pray deeply not, but there are clear signs that history is moving in this direction. Should, in fact, bioterror actually occur, it will be essential to recognize that what is unfolding is not simply the handiwork of al Qaeda. What is playing out is the global war strategy devised long ago in Moscow and being implemented according to a long-term plan.
For some more information on what I'm referring to, please visit J.R. Nyquist's web site and listen to my recent appearance on his weekly radio program:
http://www.spiritoftruth.org/radio/nyquist2a.wma
http://www.spiritoftruth.org/radio/nyquist2b.wma
http://www.jrnyquist.com/
See - http://www.spiritoftruth.org/terroralert.htm
The news of the train bombings in Spain that have killed nearly 200 people and wounded over 1400 others comes just after the Nasdaq Composite decisively fell below 2000 and the Dow Jones Composite broke below 3000. The attacks, which occurred exactly 2 1/2 years after the Sept. 11, 2001 (the DJIA broke decisively below 10,000 on Sept. 6th of 2001), are being referred to as Spain's 9/11 and constitute Europe's worst terrorism since the 1988 bombing of a Pan Am jetliner over Lockerbie, Scotland, that killed 270 people. The impact of the Spain's terrorist attack reverberated through world financial markets as U.S. and European bourses all suffered dramatic drops.
While ETA was the logical suspect for this newest act of terror on Spanish soil, there are rising suspicions that al Qaeda may have been to blame.
A statement attributed to al Qaeda was sent to the London-based daily Al-Quds Al-Arabi that claimed responsibility for the deadly series of bombings in Madrid, which was dubbed "Operation Death Trains", as well as a suicide attack on a masonic lodge in Istanbul two days earlier. "The death squad (of the Abu Hafs Al-Masri Brigades) succeeded in penetrating the crusader European depths and striking one of the pillars of the crusader alliance - Spain - with a painful blow," said the statement, signed "Abu Hafs al-Masri Brigades/Al-Qaeda" and dated March 11.
See http://sify.com/news/international/fullstory.php?id=13426525
The message indicated that the strike "was a part of the settling of old scores with crusader Spain, America's ally in its war against Islam".
The statement continued: "In another operation the Jund Al-Quds (Al-Quds soldiers) squad struck the masonic Jewish lodge in Istanbul, the main masonic lodge. Three senior masons were killed in the operation and had it not been for a technical error, all would have been killed. Where is America, O Aznar? Who is going to protect you, Britain, Japan, Italy and other collaborators from us? We give Muslims in the world the glad tidings that Operation Winds of Black Death, the anticipated strike at America, is in the final stages (of preparation), 90 percent (completed)."
That last line above from al Qaeda's statement is clearly very alarming. What would "Operation Winds of Black Death" be about in America?
Given the post-9/11 Anthrax mailings, Mohammad Atta's interest in purchasing a crop duster and the whole Iraqi connection to all this, I really don't need to elaborate.
See http://www.spiritoftruth.org/walysamar4.htm
"Black Death" is the name of the bubonic plague pandemic that devastated 14th century Europe. "Operation Winds" implies an operation that will make use of winds just as "Operation Death Trains" made use of trains. Is bioterror being planned against America as I forewarn in my 2004 terror alert?
Let's hope and pray deeply not, but there are clear signs that history is moving in this direction. Should, in fact, bioterror actually occur, it will be essential to recognize that what is unfolding is not simply the handiwork of al Qaeda. What is playing out is the global war strategy devised long ago in Moscow and being implemented according to a long-term plan.
For some more information on what I'm referring to, please visit J.R. Nyquist's web site and listen to my recent appearance on his weekly radio program:
http://www.spiritoftruth.org/radio/nyquist2a.wma
http://www.spiritoftruth.org/radio/nyquist2b.wma
http://www.jrnyquist.com/
baygoldbug
Inactive
http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=d12
.......... and, based on the last consolidation of the Dollar Index (Jun-Nov 03), it looks like the present consolidation will end around the middle of April to start its next long leg down.
That could be an interesting time for gold, the economy and terrorism.
- BGB
.......... and, based on the last consolidation of the Dollar Index (Jun-Nov 03), it looks like the present consolidation will end around the middle of April to start its next long leg down.
That could be an interesting time for gold, the economy and terrorism.
- BGB
Spirit Of Truth
Inactive
I've updated my email address. Please send me what you have on Gorby as I continue to believe he is the antichrist...
SOME INTRIGUING GORBY QUOTES:
(Note that Gorbachev supposedly "resigned"
on Christmas Day of 1991.)
On Friday, October 25, 1996 ABC television commentator
Charles Gibson asked Mikhail Gorbachev the following
question during an interview:
"It is an interesting paradox to so many Americans-
you are so honored throughout the world for
fundamental changes, but, I don't have to recite the
election results to you, in the last election you got
a very small, tiny percent of the vote. Why is
Gorbachev seen so differently outside Russia and
inside Russia?"
This was Gorbachev's response:
"Well, let's recall another example. Jesus Christ was
pelted with stones. He was blamed and condemned, and
then he was put with a bandit and they were taken for
execution. And when it was said that one of them could
be spared, the people said the bandit should be spared
and Christ was crucified."
Here are some more recent quotes from Mr. Gorbachev:
"Communist ideology in its pure form is akin to
Christianity. Its main ideas are the brotherhood of all
peoples irrespective of their nationality, justice and
equality, peace, and an end to all hostility between
peoples."
(from Gorbachev's new book- 'Memoirs')
"The socialist tradition....goes back to Jesus Christ,
not (Karl) Marx."
(USA Today, October 28th, 1996)
"Jesus Christ, he was also a reformer. He was pelted
with stones and insulted."
(New York Times, October 25th, 1996)
The excerpt below is from Reuters World Service, December 8,
1996, Sunday, BC cycle:
HEADLINE: FEATURE - "Vital Gorbachev refuses to let go of
politics"
(Gorbachev) is frank, though hardly contrite, about the
failures of judgement that led him to promote to senior
positions the very men who would plot to overthrow him in
1991.
"How do you explain Judas -- right there next to Jesus
Christ?" he asks. "How do you explain that? And Christ
did not recognise him for what he was. You could say
that's a metaphor."
-----------------------------------------------------------------
What are the above quotes by Mikhail Gorbachev, the "former"
leader of the atheistic, antichristian, communist country of
Russia, all about?!
Is it not abvious?
The Bible forewarns:
"The coming of the lawless one by the activity of Satan
will be with all power and with pretended signs and
wonders, and with all wicked deception for those who
are to perish, because they refused to love the truth and
so be saved. Therefore God sends upon them a strong
delusion, to make them believe what is false, so that all
may be condemned who did not believe the truth but had
pleasure in unrighteousness."
(From The Second Letter of Paul
To The Thessalonians, Ch.2; vs.9-12)
SOME INTRIGUING GORBY QUOTES:
(Note that Gorbachev supposedly "resigned"
on Christmas Day of 1991.)
On Friday, October 25, 1996 ABC television commentator
Charles Gibson asked Mikhail Gorbachev the following
question during an interview:
"It is an interesting paradox to so many Americans-
you are so honored throughout the world for
fundamental changes, but, I don't have to recite the
election results to you, in the last election you got
a very small, tiny percent of the vote. Why is
Gorbachev seen so differently outside Russia and
inside Russia?"
This was Gorbachev's response:
"Well, let's recall another example. Jesus Christ was
pelted with stones. He was blamed and condemned, and
then he was put with a bandit and they were taken for
execution. And when it was said that one of them could
be spared, the people said the bandit should be spared
and Christ was crucified."
Here are some more recent quotes from Mr. Gorbachev:
"Communist ideology in its pure form is akin to
Christianity. Its main ideas are the brotherhood of all
peoples irrespective of their nationality, justice and
equality, peace, and an end to all hostility between
peoples."
(from Gorbachev's new book- 'Memoirs')
"The socialist tradition....goes back to Jesus Christ,
not (Karl) Marx."
(USA Today, October 28th, 1996)
"Jesus Christ, he was also a reformer. He was pelted
with stones and insulted."
(New York Times, October 25th, 1996)
The excerpt below is from Reuters World Service, December 8,
1996, Sunday, BC cycle:
HEADLINE: FEATURE - "Vital Gorbachev refuses to let go of
politics"
(Gorbachev) is frank, though hardly contrite, about the
failures of judgement that led him to promote to senior
positions the very men who would plot to overthrow him in
1991.
"How do you explain Judas -- right there next to Jesus
Christ?" he asks. "How do you explain that? And Christ
did not recognise him for what he was. You could say
that's a metaphor."
-----------------------------------------------------------------
What are the above quotes by Mikhail Gorbachev, the "former"
leader of the atheistic, antichristian, communist country of
Russia, all about?!
Is it not abvious?
The Bible forewarns:
"The coming of the lawless one by the activity of Satan
will be with all power and with pretended signs and
wonders, and with all wicked deception for those who
are to perish, because they refused to love the truth and
so be saved. Therefore God sends upon them a strong
delusion, to make them believe what is false, so that all
may be condemned who did not believe the truth but had
pleasure in unrighteousness."
(From The Second Letter of Paul
To The Thessalonians, Ch.2; vs.9-12)
Spirit Of Truth
Inactive
DJIA is dropping toward the psychologically critical 10,000 mark. This week last year was when the war with Iraq began. Stay tuned to the possibility of Operation Wind Of Black Death. Relocation or other emergency measures may soon be necessary.
Bubba Zanetti
Inactive
Good. I am entirely in Money Markets right now (and have been for a week). When we go below 10K, another buying opportunity.
Spirit Of Truth
Inactive
RockChucker,
You are missing the point. It is not whether or not this is a good time to sell.
When collective mood turns negative and key psychological barriers are broken in widely watched indices like the DJIA, mass greed and optimism is replaced by mass fear and pessimism in collective thought. This shift in collective thought manifests as negative historical events like 9/11 (DJIA broke below 10,000 on 9/6/01).
We are approaching a parallel situation to just before 9/11, except this time we are facing a Grand Supercycle collapse in mass mood. Accordingly, the approaching upset is far beyond 9/11.
You are missing the point. It is not whether or not this is a good time to sell.
When collective mood turns negative and key psychological barriers are broken in widely watched indices like the DJIA, mass greed and optimism is replaced by mass fear and pessimism in collective thought. This shift in collective thought manifests as negative historical events like 9/11 (DJIA broke below 10,000 on 9/6/01).
We are approaching a parallel situation to just before 9/11, except this time we are facing a Grand Supercycle collapse in mass mood. Accordingly, the approaching upset is far beyond 9/11.
Well, I'm really going out on a limb tonight, but I have to tell of something that happened to me last year. It was in May. End of May to be specific.
For some odd reason, I picked up Larry Burkett's book, The Coming Economic Earhtquake. I had never read the book before, although I had wanted to.
I had already been studying economics for awhile - about 4 years. I was especially interested in what was happening in the gold market and had been a member of http://lemetropolecafe.com for awhile. I began investing what little money I could scrape together as I saw that the gold market was being manipulated, and gold mining company stocks were cheap at that time - dirt cheap.
While I understood somewhat what was happening in the gold market, there were other things that I didn't understand as well. I'd study, but there were still things unclear to me. So I kept on studying. Perhaps that is why I picked up Larry Burkett's book. I wanted to hear another perspective.
Well, the strangest thing happened while reading that book. I realized that, although Mr. Burkett wrote the book 10+ years back, what he was saying was somewhat prophetic. As I read, I kept underlying parts of the book saying, "This is happening NOW." It was amazing how accurately he was describing what was beginning to take place on the national economic scene.
As I was reading, I got this unusual sense of awe surrounding that book. I realized that God was trying to get my attention, so I prayed and asked Him what He wanted me to see. He answered me.
I believe He showed me that there was, indeed, an economic catastrophe coming our way, the likes of which we have never seen before, and that our debt was unsustainable. The economy was not going to hold up for long. I asked Him, Lord, just how far are we in debt?
The very next day, the $44 Dollar figure was made known to the world. (See this link for more details. Although this article was written later than the figure was released.)
http://www.pbs.org/wsw/news/fortune...0031110_01.htm
I realized then what kind of situation we were heading towards. My understanding of economics also increased greatly after that day, and I was able to grasp some things I previously could not. I told people what I believed was going to happen, but for the most part, my words fell on deaf ears. I continue to tell people and believe that those who are meant to hear, will hear.
I was not given a time frame as to when, but I do believe it is very close at hand.
For some odd reason, I picked up Larry Burkett's book, The Coming Economic Earhtquake. I had never read the book before, although I had wanted to.
I had already been studying economics for awhile - about 4 years. I was especially interested in what was happening in the gold market and had been a member of http://lemetropolecafe.com for awhile. I began investing what little money I could scrape together as I saw that the gold market was being manipulated, and gold mining company stocks were cheap at that time - dirt cheap.
While I understood somewhat what was happening in the gold market, there were other things that I didn't understand as well. I'd study, but there were still things unclear to me. So I kept on studying. Perhaps that is why I picked up Larry Burkett's book. I wanted to hear another perspective.
Well, the strangest thing happened while reading that book. I realized that, although Mr. Burkett wrote the book 10+ years back, what he was saying was somewhat prophetic. As I read, I kept underlying parts of the book saying, "This is happening NOW." It was amazing how accurately he was describing what was beginning to take place on the national economic scene.
As I was reading, I got this unusual sense of awe surrounding that book. I realized that God was trying to get my attention, so I prayed and asked Him what He wanted me to see. He answered me.
I believe He showed me that there was, indeed, an economic catastrophe coming our way, the likes of which we have never seen before, and that our debt was unsustainable. The economy was not going to hold up for long. I asked Him, Lord, just how far are we in debt?
The very next day, the $44 Dollar figure was made known to the world. (See this link for more details. Although this article was written later than the figure was released.)
http://www.pbs.org/wsw/news/fortune...0031110_01.htm
I realized then what kind of situation we were heading towards. My understanding of economics also increased greatly after that day, and I was able to grasp some things I previously could not. I told people what I believed was going to happen, but for the most part, my words fell on deaf ears. I continue to tell people and believe that those who are meant to hear, will hear.
I was not given a time frame as to when, but I do believe it is very close at hand.