Later in the week, we'll talk about food storage, followed by water, protection, and other things that one might do. We'll take it slow and not all of it will require money. Ultimately, our steps are ordered by the Lord but it is not a sin to exercise wisdom.
JASON HOMMEL: WILL PEOPLE EVER LEARN?Hosea 4:6"My people are destroyed from lack of knowledge. "Because you have rejected knowledge, I also reject you as my priests; because you have ignored the law of your God, I also will ignore your children."
When I first read that, over ten years ago, I ignorantly thought, "how unfair of God! If God's so smart, why doesn't he inform his people then?" But I did not have knowledge at the time, of course, which is why I misunderstood. See, God did inform his people, repeatedly. The problem is that the people didn't listen. Even worse, when they do hear the truth, they actively rejected it.
Later, I learned that God often hides knowledge from people, which tends to glorify God in the long run. It also gives us who have diligently sought out Godly knowledge, a chance to help explain things to people, which is quite an honor.
Here's just a bit of Godly knowledge that people are rejecting today:
God said to not trust false idols, and that unjust weights and measures are an abomination, he said to not steal, to not defraud widows and orphans, to not withhold from the worker his daily wages (in the form of pension plans), and to not lend and oppress people through usury (interest on loans), and to not borrow, and to not become surety for a friend (that's co-signing for loans), and to not reject the king of kings and set up an earthly king (such as governments who will only steal from the people). But do people listen? No, they actively reject such teaching as antiquated and unimportant.
After rejecting all of God's advice for how to become prosperous, people will become very, very poor, and even the prayers of their starving children may not be answered! After the crash of false wealth in paper money, after people get tired of shooting each other to get basic supplies, and after most of the criminals who try that foolish approach get shot by people protecting their property, people are going to need something to use to trade, besides ammo, cigarettes, and alcohol, to use to trade for food. Gold won't work either, since even the smallest piece of gold, a 1/10th oz. piece is over $100 today. But what about after the crash, how much worse will gold be for small purchases? A full ounce of gold could easily be worth a modest home after the crash, and is thus completely unsuitable for regular daily commerce.
Consider Silver.
Silver will be desperately needed for daily commerce, like buying food. Without silver, you might as well starve, even if you have gold, because you will NEVER be able to buy any groceries with an ounce of gold. You won't even be able to buy alcohol, cigarettes, or ammo with an ounce of gold; the gold will be far too valuable, and would buy an entire store full, assuming the stores are full, and they won't be.
Even gold owners will be forced to trade their gold for silver for daily commerce. If I had $1000 bills today, I would not get very far in my town today; $1000 bills certainly exist, but many stores still have trouble breaking a hundred!
And they will trade gold for silver at a ratio of perhaps 1 gold coin for 10 silver ounces, or even 1 to 5, if they need to, which they will.
Thus, those people who own a controlling interest in silver, will become absolute masters of nearly all industry and commerce.
Here's the truth. Most people will never be fortunate enough to buy silver under $100/oz. They will pay far more. Why? Because the math won't let the majority of people buy silver for any less.
See, even if there were 300 million oz. of silver available annually to investors, out of the 600 million ounces produced annually, it's really only about 100 million oz. annually that investors are buying, then at $100/oz., that would only be up to $30 billion out of at least $100 trillion (which is $100,000 billion) of paper wealth that needs to be protected by buying real silver. See, less than 3% of 1% of the world's wealth can buy any silver below $100/oz. That's why the inflation storm will be unstoppable.
And that's why it's mathematically proven that the majority of the paper wealth of the world will be utterly destroyed before it has a chance to protect itself by buying silver.
Here's another way to put it, mathematically speaking. Real wealth is measured by real money, which is real silver. So, as silver goes up in value, the existing pile of silver will increase the wealth of all those who hold silver. While at the same time, the pile of paper money loses value. But it's not one to one. See, if silver doubles in value, from $15 to $30/oz., the existing pile of paper money decreases in "silver purchasing power" by 50%, and the existing wealth of silver increases by 100%. But the decrease in paper value is orders of magnitude greater than the increases in silver wealth, and so the process must continue. So, as the world loses $50 trillion in wealth, as silver doubles, the existing silver in the world, which is maybe only 20 billion ounces, gains $15/oz on the way to $30, which is an increase of only $300 billion, which is $0.3 trillion.
WGC welcomes US' IMF gold sale approval
http://www.commodityonline.com/goldnews/WGC-welcomes-US-IMF-gold-sale-approval-2009-06-22-18868-3-1.html"Last week, the US House of Representatives approved an agreement to allow US members of the IMF board to agree the proposed $13 billion sale of 400 tonnes of IMF gold to shore up its finances."Since the news was released a few days ago, the gold market has not significantly changed, and the amount is less than the prior gold sales agreements of 500 tonnes.
Bible Verses on how to Manage Money November, 2005
