GOLD? THINK AGAIN!

Glenn Beck Radio Show and The Bible ^ | Thursday, September 02, 2010 | God, and Glenn Beck

[Yosemitest]

I've been giving serious thought to Glenn Beck's message, my Thrift Savings Plan, and the Fascist/Marxist Obama and "Obama: Keynesian Economics or Cloward-Piven Strategy".

At first thought after hearing Glenn's message of Glenn Beck: Before Gold, Turn to God on September 1, 2010 - 22:22 ET, I seriously thought about rolling over my TSP Retirement Investments into Goldline and then I researched "gold" in the Bible. That's when I started to rethink the issue.

Glenn's transcript of "Before Gold, Turn to God" is on his web site on Fox News and is worth your time. Here's an excerpt:

Let me show you what gold is like: Do you remember — do you remember the Department of Homeland Security? They had their color chart. Where are we? Over here. Their color chart. Show their color chart.

Remember this color chart? This was severe, severe risk of terrorist attacks. Well, there is a coded color chart that I've come put with now as well just to explain this, an economic terror alert system.

Our economy has warning, warning colors, it's all color coded. You just know how to read it. You know, if you look at the chart — green, blue, yellow, orange — you kind of get it.

The red one on this chart over here would be gold. This one. Now, I'm using this as a gold doorway because I want you to understand, this is a doorframe into insanity. You get to this point, things are nuts.

It's like California, how nuts does it have to be in California when there's an earthquake, to where you say, where is the only place that could possibly save me, because the entire house is coming down? They tell you, stand in the doorframe. Now, it's better to be outside, it's better to not be in a building, it's better to — oh, I don't know — not live in California, for a lot of reasons. But if worst comes to worst and you have to stand there, you stand in the doorway, it's the safest place.

Economically speaking, that has always been gold. It is the — it is the refuge and the safety net from inflation. Well, let me show you how this progression works and you tell me where we are:

Stocks is where — is where everybody really, has always been. When things are going well, you're in stocks. There's stocks, there's bonds, there's real estate, there's Treasury and then there's gold and then there's insanity.

The farther people move from gold, the better it is, OK? The closer you get, the worst it is.

Here's the general thinking: When times are good, you're in stocks. People are putting their money in their 401(k)s and their mutual funds and everything is OK and their 401(k)s are stable. And so, stocks are good.

But as things start to get, you know, unstable and a little dicey and you start to feel, you know, maybe an earthquake is coming, like two years ago, stock markets tanked and people lost half of their money, and now, we're on a roller coaster with the stock market — where did people go?

Well, some people lost everything. Some people just pulled it out and just hang, you know, hanging on it. But people with money, they went to some place a little safer. They go to bonds. Maybe you're in Connecticut state treasury bonds, which are so stable. Right. Or you invest in a company.

Now, what are — what are bonds? Well, bonds are always safer because if a state or a company goes broke, the bonds are the first to get their money back, because these are people who are big investors.

If you're going to — you're going to invest in G.M. and they need $100 million. OK, I'll step in with $1 million and buy a $1 million of G.M. bonds. But, the agreement is — is that I get my money first. I'm the first, if it goes bankrupt, the bondholders get their money. That's contract law. It's always been that way.

Until Barack Obama: G.M. and the unions, they go down, the unions retiree health care benefit trust got the billions. The bondholders, for the first time in history, get 5 cents on the dollar if they were lucky. Now, you have cities like Miami and states breaking their employment contracts and the bond programs.

So, what do you have? You have people saying, well, wait a minute, if our contract doesn't mean anything, what does — what do bonds mean?

All right: So, you are out of stocks. Now, you can't trust an American contract anymore. So, what's the next step? After that, I guess it's real estate.

I had a guy who owns a lot of real estate told once, he said, man, I used to think that land would always be worth something. I don't know. I don't know anymore. Well, you know how the real estate market is going with you, right? You try to sell your house? Yes. Me, too.

Even NPR is reporting that there may not be much the federal government can do to halt the housing market slide? Well, what does it mean? That means what we told you: You can't pour all of this money because you'll never stop the slide. So all of that money is wasted. It's gone.

Sales are now the weakest in 15 years. The commercial real estate bubble is bursting. I told you, it would happen a year ago. It is coming now.

Companies are increasingly just walking away from their properties, because they don't have the money and it's actually cheaper than paying the mortgage. So, they just walk away.

All right: Stocks are unstable; contracts you can't believe anymore; real estate is still tanking. So then — so then, what? So then what? Treasuries.

This is — these two — this is not insane. This is. This — treasuries, that's the place of real safety. How are they doing?

Well, I mentioned minute ago that the Fed is looking to buy its own treasuries. Take money from one pocket. Print it. Put it in this pocket. Now, why would you do that? Because nobody is buying these treasuries at a fast enough clip because we're spending too much.

This is like investing in a company that sells pet rocks today, not in the '70s but today. Nobody is buying pet rocks. So the rock people decide to buy their own pet rocks, so they can invest in pet rocks. It's not going to work. How are you feeling about your investment with the pet rock people? Yes. OK.

Then, treasuries, when things get really dicey like they did in the '70s with Jimmy Carter, that's when people say, "You know what? I don't know if the federal government can do it. I'm going here." You are in the doorframe because there's an earthquake.

Now, this is the traditional point of insanity. And that's where we're going. And that's — we're here because — well, gold prices are climbing. It's almost — it's over $1,200 an ounce today, because people don't trust any of these things. That's the problem.

Now, look, it started with Bush and Obama, just keep — Obama is putting his foot on the pedal and doing even more. At least $4.4 trillion have added to the 10-year spending baseline in the last 31 months — $4.4 trillion.

When Bush left office in January 2009, the national debt was $10.6 trillion. Here we are — what, 18, 20 months later — we're $5 trillion in the Bush administration raising it up over eight years, the biggest increase under any president. And now, Obama is on pace to smash that record. Under Obama in the first, what, 20 months, the debt is currently $13.4 trillion.

And they keep turning a blind eye to all of our problems like Social Security, as if everything is OK. It's not OK. It wasn't OK when Ronald Reagan talked about it the year I was born, 1964:


(BEGIN VIDEO CLIP, 10/27/1964)

RONALD REAGAN: We are for a provision
that destitution should not follow unemployment by reason of old age,
and to that end, we have accepted Social
Security as a step toward meeting the problem.
But we're against those entrusted with this program
when they practice deception regarding its fiscal shortcomings,
when they charge
that any criticism of the program means
that we want to end payments to those people
that depend on them for a livelihood.
The actuarial head appeared before a congressional committee and admitted
that Social Security as of this moment is $298 billion in the hole.
But he said there should be no cause for worry because
as long as they have the power to tax,
they could always take away from the people
whatever they needed to bail them out of trouble.
And they're doing just that.

(END VIDEO CLIP)


BECK: OK. FDR, he saw the problems. When he saw the first trap of Social Security before the self-financing tax idea, he said, quote, "It's almost dishonest to build up an accumulated deficit for the Congress of the United States to meet 1980.... We cannot sell the United States short in 1980 any more than 1935."

Well, we have sold the United States short — way short. And that's why gold is on the rise.

Now, look at these numbers, because this is important for you to understand. In 1980, the price of gold was $873 per ounce. OK? Today, it's $1,246. So, this looks like it's the highest ever, but it's not, because of inflation. Inflation, this price, if it was in today's dollars, would actually be $2,287. So we have a long way to go.

So, if things are this bad, what is suppressing this number? Why isn't gold today here? Well, there's two answers: It's not as bad as I tell you it is — or in the 1980s, they came up with another idea.

Yes, the Treasury learned their lesson. You see, they were spending too much and realized that people — remember, because gold, all of a sudden, just skyrocketed — when things got ugly, they realized people were running to that doorframe and using gold.

So they came up with something called Treasury Inflation-Protected Securities. Gold is the hedge against inflation. Treasury Inflation-Protected Securities, they're called TIPS. Anybody who is buying treasury right now, they are buying TIPS.

But the problem with this is, if I'm buying these bonds, these treasuries, and they are going to pay me on the investment, plus, they're going to pay me for any inflation.

If their — by the government spending so much and buying their own money and printing money to buy their own debt, it's going to cause inflation. So, it causes inflation, and then what happens? They have to pay these people back who are in treasuries with more money that they'll have to print and borrow which will just accelerate the pace.

You see, you can't do that. But the government did this so it would keep you out of control of your own wealth and keep you from panicking.

So, let's start here: Block the path. This is unstable. This is unstable. This is unstable. This is unstable. But the hedge now is here — to suppress the price of this so you don't realize.

They are protecting themselves. And while we toil in the cycle, has anyone looked at the rest of the world? India's economy, while we are going down, they're growing at 8.8 percent. Russia: Growing at 4.0 percent. Germany has unemployment rate at 7.6.

Now, why is India, Russia, and Germany doing better than we are right now? Take a big gulp, America, because you're going to hear something you never thought you'd hear: They are freer than we are.

The stocks are shaky at best. Bonds are toast. Property values are toast. People are buying treasuries and some people — like George Soros — are standing in the door frame.

But the question is: What is past here? The doorframe of insanity! You don't want to be standing here. Remember, you are in a house that is coming down all around you. This is your protection?

But if this doesn't work, what's here? What's on the other side of the doorframe? Nobody knows — because we've never been here. We've never been here.

Is it bullets? Is it — is it whiskey? Is it cigarettes? We don't know — because we're here. And some are in denial and they're standing here.

Look, these problems are so big. And this isn't enough protection. That's why I have said, before you get to gold, turn to God, because the only one who can solve all of these things and the only one that can really protect us is firm reliance on Divine Providence.

It is critical that America wakes up.

Millions are still investing everything back here. While some, like Soros, know what's coming and they're standing in this doorframe. And then there are people that are intentionally triggering an economic earthquake. And if you don't believe that — oh, you will. Oh, you will, my friend.



Now ... let that information sink in ... for a moment or more.

Let's see and LISTEN to what our Heavenly Father through Jesus said.

Moreover the word of the LORD came unto me, saying,
Also, thou son of man,
thus saith the Lord GOD unto the land of Israel;
An end, the end is come upon the four corners of the land.
Now is the end come upon thee, and I will send mine anger upon thee,
and will judge thee according to thy ways,
and will recompense upon thee all thine abominations.
And mine eye shall not spare thee, neither will I have pity:
but I will recompense thy ways upon thee, and thine abominations shall be in the midst of thee:
and ye shall know that I am the LORD.


Thus saith the Lord GOD;
An evil, an only evil, behold, is come.
An end is come, the end is come:
it watcheth for thee;
behold, it is come.


The morning is come unto thee,
O thou that dwellest in the land:
the time is come, the day of trouble is near, and not the sounding again of the mountains.
Now will I shortly pour out my fury upon thee, and accomplish mine anger upon thee:
and I will judge thee according to thy ways, and will recompense thee for all thine abominations.
And mine eye shall not spare, neither will I have pity:
I will recompense thee according to thy ways and thine abominations that are in the midst of thee;
and ye shall know that I am the LORD that smiteth.
Behold the day, behold, it is come:
the morning is gone forth; the rod hath blossomed, pride hath budded.
Violence is risen up into a rod of wickedness:
none of them shall remain, nor of their multitude, nor of any of theirs:
neither shall there be wailing for them.
The time is come, the day draweth near:
let not the buyer rejoice, nor the seller mourn:
for wrath is upon all the multitude thereof.
For the seller shall not return to that which is sold, although they were yet alive:
for the vision is touching the whole multitude thereof, which shall not return;
neither shall any strengthen himself in the iniquity of his life.
They have blown the trumpet, even to make all ready;
but none goeth to the battle:
for my wrath is upon all the multitude thereof.
The sword is without, and the pestilence and the famine within:
he that is in the field shall die with the sword;
and he that is in the city, famine and pestilence shall devour him.
But they that escape of them shall escape, and shall be on the mountains like doves of the valleys,
all of them mourning, every one for his iniquity.
All hands shall be feeble, and all knees shall be weak as water.
They shall also gird themselves with sackcloth, and horror shall cover them;
and shame shall be upon all faces, and baldness upon all their heads.
They shall cast their silver in the streets, and their gold shall be removed:
their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD:
they shall not satisfy their souls, neither fill their bowels:
because it is the stumblingblock of their iniquity.
As for the beauty of his ornament, he set it in majesty:
but they made the images of their abominations and of their detestable things therein:
therefore have I set it far from them.
And I will give it into the hands of the strangers for a prey,
and to the wicked of the earth for a spoil;
and they shall pollute it.
My face will I turn also from them, and they shall pollute my secret place:
for the robbers shall enter into it, and defile it.
Make a chain: for the land is full of bloody crimes, and the city is full of violence.
Wherefore I will bring the worst of the heathen, and they shall possess their houses:
I will also make the pomp of the strong to cease; and their holy places shall be defiled.
Destruction cometh;
and they shall seek peace, and there shall be none.
Mischief shall come upon mischief, and rumour shall be upon rumour;
then shall they seek a vision of the prophet;
but the law shall perish from the priest, and counsel from the ancients.
The king shall mourn, and the prince shall be clothed with desolation,
and the hands of the people of the land shall be troubled:
I will do unto them after their way, and according to their deserts will I judge them;
and they shall know that I am the LORD.

[Yosemitest]

Think you that the Lord is not serious?

You'd better THINK AGAIN.

[Tennessee Nana]

Which “lord” ???

[Paperdoll]

I’ve been saying it for years. Take the l out of Gold, for He is our refuge. Turn back to God and all He stands for, or all is lost ...... forever.

[Yosemitest]

Have you not read the first chapter of John?

[Rio]

Let's see and LISTEN to what our Heavenly Father through Jesus said.

Through Ezekiel, that is. We got a new deal now!

[Tennessee Nana]

Whats the First Chapter of John in the Christian Bible got to do with Glenn Beck ???

Beck is a mormon...

Mormons are not Christians...

[MHGinTN]

Hmm, this could get interesting. You challenge a minister if she has read John’s Gospel, yet you seem to be unaware of to whom and for what events the passage from Ezekiel was written. Yes, this is going to get interesting. Are you a Mormon by any chance?

[ChildOfThe60s]

Gold and silver bullion are not investments as such. They are hedges against disaster.

I have no intention of selling my silver for paper money. It is my hope that in the event of financial disaster it will be negotiable. But who knows? We are headed for a meltdown that has no precedent. Using the great depression as some sort of guide or predictor is worthless for any number of reasons.

If we never have that disaster and my silver sits for the next 20 years and goes up 0% in value, I’m thrilled. I consider my firearms in similar vein.

[ChildOfThe60s]

I may get flamed for saying this, but my first line of defense is my guns. I’m not going kneel and pray while some Brownshirt puts a bullet in my head.

God is fine, but keep your weapons loaded and close.

[Yosemitest]

Don't you know that Exekiel is for the end times?
WAKE UP!

[Yosemitest]

Darn typos... Ezekiel ...corrected spelling.

[Yosemitest]

Just a Bible reader.

[Yosemitest]

"and their gold shall be removed"

That's pretty clear to me.

[Tennessee Nana]

There was a time in this country when firearms were used as “money” to barter...

I had an ancestor who paid some money and 38 “pistolas” for some land to build a church...about 1700...

I’ve read other accounts of spending weapons as cash also...

[Paperdoll]

You don’t get my point. The reason we find ourselves under a Godless Socialist government today is because people strayed away from the principles to live by that God gave us in the Bible, closed their eyes to what was going on before them. Now they are waking up. The American spirit is not dead, I am so happy to report. i just hope it is not too late to turn back to God And His principles. Remember, FRiend, there are no atheists in foxholes!

[jroneil]

unless you have extra cash to buy Gold to just keep some it value it not going to help you. If you are living check to check food would be a better investment. Say things go to hell are you going to shave gold off your gold bar to get a meal? More practical for average person is cigarettes, liquor,TP, and other trade-able things

[wku man]

"Praise the Lord and pass the ammunition!"

Scouts Out! Cavalry Ho!

[martin_fierro]

BAHOG PING

[Yosemitest]

I'm more into God, Guns, and Ammo, or tools.
Pay off your debts, move into the country where you can grow a garden, catch a fish, or kill a deer, duck, or quail.

God protected the nation of Israel in their homes, amongst the Egyptians, and he protected their exodus while they walked out. He provided food, safety, health, and prolonged their clothing.

LISTEN to your Bible.

[litehaus]

DANG these threads that remind me my ‘LEAD’ might be my best investment....