Tuesday, July 2, 2013

Economics 101: Where Is The Anticipated Gold Correction? Oh No, China Is….

Last April [2013], when Gold plummeted, China patiently waited, and then she corrected the market. This time, no one is stepping-in to correct the gold devaluation. Why is this? If my theory is correct, the lack of a gold market correction means that the end is near.

China’s war on Western Civilization: China has been gorging herself on cheap gold for the last few months, while they have been cleverly buying certain stocks to create the illusion that USA markets were healthy. By artificially driving the stock markets up, they are driving the gold markets down. By tampering with our markets, we’re seeing a precursor to war. However, to most Americans, our stock market gains are real; yet, they are an illusion. China is now satiated with gold. They may act any day now. Reality will soon attack us…in the pocketbooks.
When you’re finished with a huge Thanksgiving meal, do you eat more? No! You leave the table and drink coffee to stay awake. China has left the [gold] buffet table, and they’re drinking tea, waiting for the perfect time to crash world markets.

Bearish Sign #3: No Chinese or Indian Saviors
The last time that gold sold off (back in April), Chinese and Indian buyers swooped in to purchase coins and jewelry, which prompted a rebound in prices. Apparently, they're not interested in saving the day again, though.

"Asian demand hasn't emerged this time," says HSBC analyst, James Steel.
So we're talking about a global absence of buyers.

Bottom line: "We'll need to see evidence of more physical buying and demand from central banks before [gold] really turns around," says Melek.
Translation: Gold prices haven't hit bottom yet. So look out below! An email from Louis Basenese, http://www.wallstreetdaily.com/2013/07/01/gold-prices-falling/

My opinion: All’s quiet on the [Chinese] Western Front? No, it’s just beginning to get ugly.  
What does Michael Boldea, the grandson of Dumitru Duduman, say about our times? (7.2.2013) http://mikeboldea.blogspot.com/           

...It is with sad resignation that we stand witness to the inevitability of where this nation is headed, and the judgment which will soon be poured out as consequence of its rebellion. Even those who once laughed and rolled their eyes saying ‘it’s not that bad and it’s never going to get that bad’ now realize God’s judgment is justified in all its depth and ferocity. It is justified!

No rational, thinking human being still in possession of a moral compass can honestly say God is not justified in His judgment any longer.
As far as the church is concerned, well, I for one believe the moment the church stopped preaching righteousness and holiness, the moment the church stopped preaching Christ and the cross, the moment the church started preaching excess and prosperity and foolish, childish doctrines that have no root within God’s holy Word, it lost its moral authority in regards to anything happening around it.

There can be no selective outrage when it comes to sin, rebellion, and compromise. Either you hate and despise all sin with equal measure, either you hate and despise all rebellion and compromise with equal measure, or you are a hypocrite who coddles his pet vice but judges others for coddling theirs. This is why the preaching of righteousness is necessary in every church and every service without fail!
The fuse has been lit and the world is about to boil over in unprecedented turmoil. The cup is full, and God’s judgment is about to descend like a thunderclap on an unsuspecting church, and the best way I can describe what is about to happen is that what we call the church today will be gutted from the inside, and everything causing harm to the true Body will be done away with as it ought.

It must be thus, for only when what is impure has been cast asunder can what remains stand unmoved in the face of the enemies of the Cross as they become more vocal, more boisterous, and eventually violent to the point of bloodshed.
Darkness will not be content until light is no more. Putrefaction will not be content until the salt has lost its flavor completely, overpowering it until it becomes unrecognizable.

The endgame of the godless is the utter ruin and annihilation of the godly, and because we’ve fallen asleep, because we got distracted by the things of the world, because we compromised those things which ought never to have been compromised, inch by inch, foot by foot, evil has gained ground, and advanced steadily.
This is where we are now. Where we will be in a little while will make where we are now seem like a longed for and pleasant ideal. The more naïve among us will continue to wait for the pendulum to swing back toward the center, but the pendulum is broken. It will not swing back toward any semblance of morality.

So what are we to do? Do we go along to get along? Do we jump on the bandwagon of trying to justify the most obscene of perversions as somehow being God’s intent all along?
Do we become as those vile ones who in search of profit sell out the God they purport to serve?

No, we do none of these things. We do what the Word of God has commanded us to do. We gird up the loins of our mind, we continue to be sober, and we hope to the end for the grace that is to be brought to us at the revelation of Jesus Christ.
It will not be an easy time nor will it be a time absent casualties, but those who have purposed in their hearts not to defile themselves will see the glory of God manifest in their lives in ways heretofore unseen.

7.7.2013 Update:
China Radio: "The U.S. And Europe Have Always Suppressed The Rising Price Of Gold"

by Tyler Durden on 07/06/2013

Here is what we discovered in September 2011, as part of Bradley Manning's trove of declassified US cables. From Wikileaks:

"China increases its gold reserves in order to kill two birds with one stone"
"The China Radio International sponsored newspaper World News Journal (Shijie Xinwenbao)(04/28): "According to China's National Foreign Exchanges Administration China's gold reserves have recently increased. Currently, the majority of its gold reserves have been located in the U.S. and European countries. The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold's function as an international reserve currency. They don't want to see other countries turning to gold reserves instead of the U.S. dollar or Euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the RMB."

My opinion: Read the whole article.

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