Posted on 08/21/2015 12:21:18 PM PDT by amessenger4god
Dow down over 430 points as of about 2:20 PM CST.
Central banks have no more options. Debt levels are completely unprecedented around the world. These debts will never be paid back by human effort.
Watchers have been saying that we might witness a big crash around this time for 5, 6, 7 years now. Are you listening? Are you awake?
Is your treasure in Heaven or on earth?
Pray.
MARANATHA!
Update: Yesterday's plunge of the DJI was the biggest point-drop in almost four years. Today's is even larger.
Thanks.
Interesting article history you have.
http://www.freerepublic.com/tag/by:amessenger4god/index?tab=articles
That will be good reading. Thanks for doing that article compilation for me.
I see your point.
there was no bond bubble then. This time will be different as the fed is now holding the dragon by the tail. Rates will rise...
there was no bond bubble then. This time will be different as the fed is now holding the dragon by the tail. Rates will rise...
Good point. And the dragon isn’t a nice guy.
Good grief, that’s appalling. I didn’t know any of that was happening.
I’m glad I’m barely making ends meet. “ When you ain’t got nothin you got nothin to lose.”
Stuff like this is so demoralizing and disincentivizing. Why should anybody work hard anymore.
Hang onto God, your loved ones, and the truth. As Jonathon Cahn said on 16 August......as the greys disappear, and the dark gets darker, let our light brighter.
If the house is paid for, you might want to stay put unless you could sell and be able to move somewhere lower tax and perhaps buy a little land if you are into that . Or if you think now is a good time to sell before the house loses value then you have to consider. Financial decisions are hard, I’ve made some good and some bad ones.
Well, what I had it in peaked in the beginning of the year, so I didn’t time it perfectly. That it dropped early and I was getting nervous did help me avoid the drop the last two days - that was lucky ;)
I figured we’ll need to put $6500 each in IRAs (we’re over 50) to minimize taxes this year. Part of my going Galt plan was to quit supporting the fascist beast- maybe most of the plan, actually!
There’s no telling what will happen. Try not to let it ruin your weekend and especially don’t read these threads!
Mr. Apple, that is undeniable, but unfortunately for us (Conservatives), that isn’t the end of the story.
The Leftists as early as the late 90s were working to shame (or worse) lenders into getting unqualified people behind mortgages. This was clearly a threat to our financial system.
The people we elect are supposed to remedy those situations. We had a Republican controlled Congress back then. They could have taken measures to shut down the Leftist judges, who were ruling against banks and lending institutions for denying unqualified “minority” people.
Obama himself worked at a legal firm that was handling one of these cases. He was some sort of legal gopher at the time.
Then you move ahead. Years later, you’ve got Bush in the White House, the Republicans the majority in the House and the Senate.
What would stop them from introducing legislation and passing it to correct what the Left had done?
Nothing.
The objections to this situation were muted. There were some provided to give folks cover, but they didn’t take any actions.
So time goes by, and as the Bush administration winds down, sure enough, the melt-down takes place. We’re instantly several trillion more dollars in debt, and our economy is once again in a downward spiral.
So sure. Frank, other Leftists, a corrupt bunch of Leftist lawyers and judges, all contributed to a situation that would tank the nation. And what’s more, I suspect some of those same things are being done again today.
I won’t sit still for a second when Leftists try to pin this on the Republicans. But frankly, our team won’t get any brownie points from me either, when they try to pin it all on the Democrats.
This was one of the first fruits of Democrat and Republican Leadership’s complicity to harm the nation.
This should not have happened on Bush’s watch, and he had plenty of time to make sure it didn’t.
Lets not kid ourselves either. Who took the hit right along with Bush?
Conservatives. The people the GOPe and McCain hate as traitors, are the ones who got the blame.
Bush never liked the name, unless he thought it could benefit him or be blamed for something.
The media referred to him as a Conservative for the better part of eight years. In the end it worked.
Look what we got to replace that “Conservative.” The only thing Bush failed to do was gift wrap the presidency for Obama.
Thank-you so much for your input. The house is not paid for. My husband reads Sovereign Man and he believes in having a diversified net work in different banks around the world and being liquid, so we can just leave, if anything should happen. Mind you, this was not his philosophy before BO, but now it is.
Terrible times. I hope all your future financial decisions are prudent and good, Rusty. God speed.
I believe in God's word. This is a Shemitah year. Not only a Shemitah, it is the seventh cycle of Shemitah.
Believe or not.......I choose to believe.
You go on with your bad seff. I'll hang out in cash until late fall.
Me, too.
“Not only a Shemitah, it is the seventh cycle of Shemitah.”
Yes, that means a Jubilee year starts and that's when all debts were forgiven, the soil lay bare to rest during the year of Jubilee. This year of rest was so the people would remember ALL they had comes from God.
The dates of US stock market crashes came on the seventh Shemitah. I wonder what we will undergo when the Jubilee year starts the day after which is 6 pm September 13 to 6 pm the 14., which is also the beginning of Rosh Hashanah, the first day of the Jewish new year. This celebration ends in the evening of September 15(Tuesday).
“Rosh Hashanah is the day of Adam and Eve creation , the first man and woman , and their first actions toward the realization of humanity's role in God's world.”
Imagine that, a man and a woman as God intended.
Perhaps the main reason for the stock market correction is that many are selling to afford their divorce lawyers due to the Ashley Madison case?
http://www.huffingtonpost.com/entry/ashley-madison-hack-divorce-lawyers_55d49409e4b055a6dab22e37
;-)
Eew... you read self-published blog garbage?
That explains a lot.
This is not doom and gloom. Although no one wants to endure hardship and uncertainty in the economy in which they live, this is a time of great HOPE. The blessed hope.
The events around the world are aligning perfectly with Holy Scripture's prophetic message. God is indeed in control, HIS holy plan is unfolding.
Praise to God our Father, Messiah Jesus and to His Holy Spirit which resides within us.
Wholeheartedly agree. I have been keeping a lot of 'dry powder' at the ready in order to capitalize such a dip, but I am actually still looking for some more downside before committing more capital. I have only 'nibbled' over the last few days. While nothing is guaranteed, these short term pullbacks are mere bumps in the road when your time horizon is 20+ years or more.
That being said; I am not naive to the fact that the Fed policy of abnormally low interest rates is a major catalyst in the market's meteoric rise over the last 6 years. Stocks are the only game in town for yield while interest rates remain artificially low.
I’m about 50% cash...I’ll throw all of that into ETFs next week if we get another 5% dip. Monday/Tuesday should be interesting.
You need to set up what are called “Stop Losses” on your stocks.
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