Tuesday, August 5, 2008

Seed for Aug 5

Ezek 33:2-3
2 Son of man, speak to the children of thy people, and say unto them, When I bring the sword upon a land, if the people of the land take a man of their coasts, and set him for their watchman:
3 If when he seeth the sword come upon the land, he blow the trumpet, and warn the people;
(KJV)

Never in the history of man has a fiat (IOU) system of money lasted. Because there is nothing backing our paper money, except a “promise” to pay, our greenback become nothing more than IOUs. Oh, the system will work for a while, but when there is no restraint in our government pledges we will spend ourselves into poverty. i.e. We now owe 7+ Trillion dollars with commitments totaling $53 Trillion dollars over the next 20 years. (Promises of babyboomer retirement, healthcare, social system, and drug and medicare) Won’t and can’t happen. 30% of the increase in the price of oil is because of our (IOUs) paper promises to pay. Our money system will work as long as the countries that hold our pledges (IOUs) don’t call their markers in. All the dominos are lined up. Bear stocks, high oil, house foreclosures, run away inflation, banks and lender failures, personal and national debt are just a tip of the iceberg (what we see on top).

What can you and I do about this? 1. Stay informed. 2. Get out of personal debt. 3. Stop spending and start saving for a “rainy day”. There is a hurricane a coming. 4. Keep your money in real wealth, silver or gold minted coins. Buy a few at a time, and keep them out of banks. 5. Prepare for the worst, hope for the best and trust God where ever you are. Be blessed.

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