Archive for the ‘Biblical Economics & Money’ Category

Brazil cancels Carnival

Wednesday, January 20th, 2016

See:  http://video.cnbc.com/gallery/?video=3000479983

Stock markets are in a meltdown.  Last Wednesday night I attended a meeting with Jonathan Kahn where he displayed graphs of the various stock markets around the world with substantial losses.  He believes judgment is at hand and the cleansing must take place.

In Canada they are taking a hit as well:  Three bucks for a cucumber.

Yearend Contributions

Wednesday, December 23rd, 2015

Contributions are tax deductible and anything we receive postmarked before 12/31/15 will be treated as 2015 giving.  We appreciate and are encouraged by all the support from our friends this year.

For 2016, the train is on the move and is leaving the station:

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All Aboard!

Thank You!

Monday, October 26th, 2015

Thank you for the continued support of Servias Ministries.  We appreciate the cards and letters expressing your kindness toward this ministry.  We deeply appreciate the financial support and we trust FATHER will bless you abundantly for your cheerful giving.  I know that in these times it can be financially challenging.  No matter what the amount you give, we are grateful that you consider us good ground to sow your seed.

‘God have mercy on currency’: Zambia holds national prayer day to hold Kwacha from record drop

Monday, October 19th, 2015

See:

https://www.rt.com/news/319018-zambia-national-prayer-currency/

We may this closer to home before long.

Why I still write manual checks

Wednesday, October 7th, 2015

I have resisted the pressure to do online banking.  Having been in banking and having 44 years of Information Technology (IT) experience, I am not convince that Internet security will soon be “hacker proof”. I was on the team that installed the first ATM in the State of Oklahoma around 1976.  I hacked the ATM in a test which would allow me to remove all the cash in the ATM.  NCR fixed their bug.  Credit card usage allows verification of charges BEFORE payment, not after.  That is why I don’t use a debit card.

Below is a prime example of why I don’t trust Internet financial transactions:

An email from Scottrade:

Dear Client:
We are writing to share with you important information about a security compromise involving a database containing some of your personal information, as well as steps we are taking in response, and the resources we are making available to you.
What Happened
Federal law enforcement officials recently informed us that they’ve been investigating cybersecurity crimes involving the theft of information from Scottrade and other financial services companies. We immediately initiated a comprehensive response.
Based upon our subsequent internal investigation coupled with information provided by the authorities, we believe a list of client names and street addresses was taken from our system. Importantly, we have no reason to believe that Scottrade’s trading platforms or any client funds were compromised. All client passwords remained encrypted at all times and we have not seen any indication of fraudulent activity as a result of this incident.
Although Social Security numbers, email addresses and other sensitive data were contained in the system accessed, it appears that contact information was the focus of the incident.
The unauthorized access appears to have occurred over a period of several months between late 2013 and early 2014. We have secured the known intrusion point and conducted an internal data forensics investigation on this incident with assistance from a leading computer security firm. We have taken appropriate steps to further strengthen our network defenses.
What Happens Now
Federal authorities had requested that they be allowed to complete much of their investigation before we notified clients. In coordination with them, we are now able to alert you of this incident. We are fully cooperating with law enforcement in their investigation and prosecution of the criminals involved.
Notices like this one are being sent to all individuals and entities whose information was contained in the affected database, and we have included here information about steps you can take to protect yourself.
Information about this incident is available online at https://About.Scottrade.com/CyberSecurityUpdate, and we will update that web page if new data becomes available.
What You Can Do
As always, we encourage you to regularly review your Scottrade and other financial accounts and report any suspicious or unrecognized activity immediately. As recommended by federal regulatory agencies, you should remember to be vigilant for the next 12 to 24 months and report any suspected incidents of fraud to us or the relevant financial institution. Please also read the important information included on ways to protect yourself from identity theft.
We encourage clients to be particularly vigilant against email or direct mail schemes seeking to trick you into revealing personal information. Never confirm or provide personal information such as passwords or account information to anyone contacting you. Please know that Scottrade will never send you any unsolicited correspondence asking you for your account number, password or other private information. If you receive any letter or email requesting this information, it is fraudulent and we ask that you report it to us at phishing@scottrade.com. Be cautious about opening attachments or links from emails, regardless of who appears to have sent them.
Identity Theft Protection
As a precaution, Scottrade has arranged with AllClear ID to help you protect your identity at no cost to you for a period of one year. You are pre-qualified for identity repair and protection services and have additional credit monitoring options available, also at no cost to you.
You can call AllClear ID with any concerns about your identity at 855.229.0083. This hotline is available from 8:00 am to 8:00 pm (central) Monday through Saturday.
We have also included additional steps you could consider at any time if you ever suspect you’ve been the victim of identity theft. We offer this out of an abundance of caution so that you have the information you need to protect yourself.
We are very sorry that this happened and for any uncertainty or inconvenience this has caused you. We know that incidents like these are frustrating. We take the security of your information very seriously and are committed to continually strengthening and evolving our defenses based on new and emerging threats.
Sincerely,
Scottrade
Brokerage products and services offered by Scottrade, Inc. – Member FINRA and SIPC.

Economic Update

Friday, October 2nd, 2015

 

Are things heading south in the September/October timeframe as many have suggested?  The Dow Jones Industrial Average graph below would suggest a slow train wreck is occurring.

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Will we have another “waterfall” in October?

A Perspective on the Current Economic State

Friday, September 25th, 2015

To inform you of what seasoned financial professionals are seeing today:

In responding to a question about where the global system is at today, Bill Holter responded:

This is a great question. We can give you our opinion but it is just that, opinion. No one has an all seeing crystal ball. We do believe the next crash will be the “final crash” that sweeps away the current Western financial system. The problems as you know are numerous, too much debt on all levels, undercapitalized banks and brokers in relation to assets carried, grossly bloated derivative balances and counterparty risk, not to mention the fact that no currency in the world is anything more than a “promise to pay” …more of that very same currency.

We believe what will come very (and is happening now before your very eyes) soon is a “holiday” but not the “fun type”. Markets, banking, credit and thus distribution of goods will break down. A re set of prices and relative values will emerge along with new currencies aplenty. We think the key to the re opening of markets will hinge on how fast new currencies are brought forth and whether they are trusted. Any new currency will need “confidence” to be accepted by the masses. “Confidence” will be gold! Gold has been coming back into the system for years, not away from.

The last 4 years has been a last gasp effort on the part of central banks to retain the current system and push gold away from it. The West has substantially lost gold to the East and the reason why we believe the East will emerge as “wealthy” and why the West will need to get “back to work” to better a crashed standard of living. This will take many years if not several generations to accomplish.

As for “preparing”, move as quickly as you can and do the best you can do. No matter who, how smart, or how wealthy you are, you will forget or miss something. DO NOT beat yourself up! You are at least awake and aware of what is coming, can you imagine yourself completely unaware and thus not prepared for anything at all? Just do the best you can do, it is all you can ask of yourself. Good luck and Godspeed to all!

As Bill said, it is just an opinion.

An Example of Convergences

Sunday, September 6th, 2015

In the following website is a 27 minute video concerning the various occurrences happening around the year of the Shemitah.  This video highlights several interesting events that forces us not to ignore the timing of Elul 29 (September 13th) this year, a “super” Shemitah.  I have not been led to order anything from this site but it provides a summary of the research done by Jeff Berwick:

http://surviveshemitah.com/

Jeff urges people to leave the U.S. if possible.  I am not moved to do that for I believe FATHER will protect us wherever we are when judgment comes.  There will be no safe harbor from HIS judgment so we must produce fruit where we are planted knowing that HE will be our Provider when HIS judgment arrives on these shores.

Ugliness in the Markets

Saturday, August 22nd, 2015

I warned a friend about being fully invested in the market on Wednesday and he lost a notable amount by Friday PM.  Margin calls have surely been issued and will require those who operate in that arena to come up with cash.  An obvious source of cash are other securities in their portfolio.  If sold, this could lead to a further drop come Monday.  Even Grandma’s jewels are a source of cash when the “margin man” comes calling.

It would not be surprising to see some temporary recovery during this week in hope of calming the market down.  However fear is a greater force than greed and we will see how much it grips the market in the upcoming days ahead.

Since gold and silver have no attached liabilities, they will become the safe haven for many who are finally ready to cash out of the market.  The gold & silver stocks may also temporarily drop as margin accounts liquidate anything of value.  Afterward, they may finally have their day in the sun.  Only FATHER knows for sure.

Top Forecaster Prediction

Friday, August 7th, 2015

Gerald Celente:  “I’m now predicting that we are going to see a global stock market crash before the end of the year.  It’s not only going to be the Dow, it’s going to be the DAX, the FTSE, the CAC, Shanghai, and the Nikkei.  There’s going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil.  You are going to see one market after another begin to collapse.”