Will This Bring in the Antichrist???

[Carl]

This from Larry Edelson

I have some important ground to cover with you today, so let me get started right away — but first, with a warning I want to get on the official record ...
No matter what happens in the world today ...
No matter what happens in the markets ...
No matter how bad the economic news may be ...
Nor how positive it may seem at times ...
Hold on to all your core gold holdings!
That's especially important for you to understand today — because so many analysts are now saying that gold's recent decline is the start of something big, a disaster in the gold market ... and they want to shake you out of your positions.
But don't you dare fall for it. Because if you do, you will be sorry.
Why can I say that so with such conviction? Simple: Gold is a win-win investment. Period.
First, and foremost, understand this: There are really only two possible economic scenarios that could unfold going forward ...
Scenario #1: [LEAST LIKELY] The current spate of bad economic news abates ... the stock market's recent rally continues ... talk of a double-dip recession recedes ... the U.S. economy begins to truly recover.
All looks hunky-dory. The Federal Reserve's efforts to save the U.S. economy and financial system succeed.
So what happens next under this, albeit least likely, scenario?
The credit crunch affecting homeowners and businesses starts to ease ... banks start lending more money ... credit flows through the pipelines ...
And the trillions of paper dollars the Federal Reserve has created begin to work their way through the system.
In a year or two, perhaps less, normal credit creation has fully resumed. Our fractional reserve banking system takes over and begins multiplying the lending again, up to $9 for every new dollar of money created by the Federal Reserve.
Nearly $18 trillion of largely watered down money begins to flood the U.S. economy.

But because it was money that had no reason for existence to begin with ... and was merely monopoly money printed up by the Federal Reserve — guess what happens?

Inflation takes off to the upside like a bat out of hell.
And no matter how hard the Federal Reserve tries to reverse its policies and reign in the inflation, prices for almost everything begin to move up very sharply.
Obviously, gold will continue to do quite nicely under this scenario. How nicely? I'll tell you in a minute.
First, consider ...
Scenario #2 [MOST LIKELY]: The recent slew of bad economic news continues ... the U.S. economy goes from bad to worse ... stocks plunge ...
And it becomes painfully clear that government and central banks' rescue efforts have failed. Here and in Europe, economies slump again, and sovereign debt defaults steamroll across the globe.
The Fed and other central banks pump trillions more dollars into their economies.
But all to no avail, because it also becomes painfully clear to almost everyone that countries in Europe and the U.S. are BANKRUPT. And so are their central banks.
What happens under this scenario?
The euro and the U.S. dollar race each other to the bottom of the heap of paper currencies that have failed. Both currencies dramatically lose purchasing power ... and the entire Western world plunges into a depression.
The world's monetary system is effectively destroyed, and collapses in a quagmire of debts that can never be repaid. A new monetary system is ushered in.

[Adopted Son]

This is a joke, right? Gold is just a chunk of metal that unless you are manufacturing something is of no more use than a rock. When a whole monetary system collapses, the first things of value that bring needed goods are trades, food, water, etc. You can trade doctoring for chicken, but try trading for a hunk of gold when everyone is starving.

[mommaw]

I agree. If economy really crashes bartering for real goods will be only way to "buy".

[Carl]

The part I was looking at was economic collapse no matter which scenario that Edelson described. He is suggesting that gold can be a hedge against the potential economic collapse if you can afford it. Most people cannot buy enough gold to really make much difference. So most people will be faced with no means of earning a living. Once the necessities of life are out of reach of most people civilization will come to a screeching halt. Also without money then people will lose their property for lack of ability to pay the property tax. No food, no water, no electricity, no heat or cooling. Nada. And Edelson is talking about world wide. That is my point. World wide depression. And there are many more people living in cities now than during the last depression. Not nearly as many farmers. The world is composed of a much more technology dependent population.

[AnnS]

We may should look for some of the lesser known Executive Orders and Laws. Not sure where to start, but supposedly in times of economical crisis gold and other precious metals and gems can be confiscated.

Gold is mostly minupulated by the very wealthy and NWO gurus. For instance George Soros will announce in the press that the price of gold is going to sky rocket, when speculators start buying which raises the shares, then they (Soros, Inc) will sell some of theirs, the prices per share goes down and then they buy back and the cycle goes on. Of course it's more complicated than that, but it's what the market calls buy low, sell high.

[poppycorn]

2 Thessalonians 2:7 For the secret power of lawlessness is already at work; but the one who now holds it back will continue to do so till he is taken out of the way...

If it weren't for the Holy Spirit he would already be in total control.

what will bring in the Antichrist? When the Holy Spirit is taken out of the way

[Robert]

What will bring the AC?


Cheeseburgers. Lots of cheeseburgers.

[Mizfit]

I have been asking similar questions lately. I know God provides. But my question is....How bad will it get here before He comes. There are already countries in destitute. Why do some feel we are exempt from this in the US? I do not fear the future as a matter of fact I am looking forward to it with great enthusiasm.

My big question...Should we brace for the fall? I think yes we are giving the ability to know our government is lying to us and we still see how bad it is. I think a bit of preperation wouldn't hurt.

[dave620]

I know God provides. But my question is....How bad will it get here before He comes. There are already countries in destitute. Why do some feel we are exempt from this in the US? I do not fear the future as a matter of fact I am looking forward to it with great enthusiasm.

My big question...Should we brace for the fall? I think yes we are giving the ability to know our government is lying to us and we still see how bad it is. I think a bit of preperation wouldn't hurt.

I agree. Prepare for the worst and pray for the best for ourselves and our loved ones

[Mizfit]

I have found great site for anyone who wishes to do any type of preperation. Take as little or as much info as you need. It covers ranges from:

-how the economy got this way
-steps toward "resiliance"
-gardening tips
-canning
-security

Alot of information. I am still looking it over. I recommend the "crash course". It gives a bunch of basic info (some that went over my head, as I don't know much about stocks/bonds). Then go to the blogs on steps to resiliance.

But let me note...there is no listing on Spiritual Resiliance....only prayer and a relationship with Jesus can give you this, so do not forget this in your studies.

I have started this with the intent to be ready for what ever and hopefully be in the position to help others as well.
As he states many times the next twenty years will not be the same as the last. It is our duty as a christian to head warnings and prepare and in so doing be ready to help others.

Caution: Do what you can and leave the rest in God's capable hands, do not stress and fear but be ready for the changes, and soon His glorious return.

Chris Martenson - Information on the global economy, environment, and our energy challenges. Real estate, oil, community, homes, money. - Chris Martenson, ChrisMartenson.com

[huggybob50]

what will bring in the Antichrist? When the Holy Spirit is taken out of the way

And may it be REAL soon!

[Joseph The Carpenter]

Lead will be the most precious metal when the final crash happens.

[fisher]

some preps here but no trust in them rather they maybe useful sometimes. James 5 say's some about gold and basically trusting in stuff which is the danger.

I think the lord is calling us to draw close to Him, very close, and that's the most important thing. And loving Him with all our hearts and others as self...He is awesome! :))
I think the only thing preventing me from closer and closer to Him is myself, in other words for life here on earth there's nearly no limit to how close a fellowship I can have, and on the day of redemption we'll know Him so full! :)) As long as the Gospel goes forth I see alot of good things during whatever times await.
Also feel to pray for our leaders, maybe the beast systems wheels won't fall off but people can be saved from the fire

[Carl]

What will bring the AC?


Cheeseburgers. Lots of cheeseburgers.

My point was that with a world wide depression there will be a desperation for an economic turn around. Just like Hitler promised relief from the German hyperinflation, the AC could come waltzing in with promised solutions. I was just thinking that this could be a possible.

[brethorn56]

I believe that gold has been and will continue to be the universal currency. It dates back thousands of years and unlike paper currency, it cannot be made. I read where all the gold ever mined would fit into two swimming pools. That is it. While currencies have come and gone, gold, silver too, have always been there. Sure, bartering or trading will be part of the whole process of buying and selling, but gold will be the universal currency. IMO.

[GlennO]

Plan for the worst and pray for the best. (Wisdom and Prudence are virtues).

Waves of uncertainty will come and we must not be fearful. We are founded on the Rock. We can be a Lighthouse guiding the lost into safe harbor.

Where is our witness if we are running around with our shorts in a wad like the lost?

Common sense says one should have a couple weeks or months of basic stores. Personally, if we're raptured before the Bride has a chance to get roughed up, the inside of our front and back doors have a message about what has happened. Maybe the stuff will do some good for the left behind.

I do keep some U.S. 90% silver coins on hand since they have never been confiscated by the US government before like bullion has. Food or ammunition and TP are the best barter if things get stinky.

(Php 4:19) And my God will supply every need of yours according to his riches in glory in Christ Jesus.

[GlennO]

Joseph said:

Lead will be the most precious metal when the final crash happens.

[GlennO]

brethorn56 said:

Sure, bartering or trading will be part of the whole process of buying and selling, but gold will be the universal currency. IMO.

Yup! when/if it happens, the "process" will be bumpy. Missler's Update came today and included Part 3 of the "Hyper-inflation and It's Effect on Cultures" and is an interesting read............

To think it can not happen here is

[GlennO]

Sovereign Gold Holdings

1. United States
Value of Reserves: $358.63 billion
Holdings Total: 8,965.65 tons

The United States Bullion Depository in Kentucky --- otherwise known as Fort Knox --- is the most famous gold stockpile in the world. It holds the majority of the nation’s gold reserves, the remainder of which is held at the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office. Altogether, the total gold reserves of the United States equal 8965.65 tons and are valued at approximately $358.63 billion.


2. Germany
Value of Reserves: $150.17 billion
Holdings Total: 3754.29 tons

The Deutsche Bundesbank, Germany's central bank, has 3754.29 tons of gold reserves, which are valued at about $150.17 billion. According to the World Gold Council, Germany’s gold coffers account for 66.1 percent of total foreign reserves.


3. International Monetary Fund (IMF)
Value of Reserves: $132.4 billion
Holdings Total: 3311.84 tons

The IMF oversees international economic operations of 185 member countries. Its gold policies have changed in the last 25 years, but the reserves remain to stabilize international markets and aid national economies. In one such instance, it sold a portion of its reserves in December 1999 to aid the Heavily Indebted Poor Countries (HIPC) Initiative. The 3311.84 tons of IMF Gold would fetch roughly $132.4 billion in today's market.


4. Italy
Value of Reserves: $108.07 billion
Holdings Total: 2,701.9 tons

The Banca D'Italia manages Italy's foreign reserves, which have been reported at 2,701.9 tons by the World Gold Council and comprise the fourth largest gold reserve in the world. These holdings are worth $108.07 billion and account for 64.9 percent of the country's foreign reserves.


5. France
Value of Reserves: $107.35 billion
Holdings Total: 2,683.81 tons

The French National Bank, Banque De France, is home to the country's gold holdings, which comprise 65.7 percent of its foreign reserves. With 2,683.81 tons of gold in reserve, France's holdings are worth approximately $107.35 billion.


6. China
Value of Reserves: $46.46 billion
Holdings Total: 1,161.6 tons

At 1161.6 tons, the world's most heavily populated country has the world's sixth largest gold reserve. Expect it to be higher? Well, bear in mind that China's gold only accounts for 1.6 percent of its foreign reserves. With a population of 1.34 billion, the country holds about $34.70 worth of gold per person, totaling $46.46 billion.


7. Switzerland
Value of Reserves: $45.84 billion
Holdings Total: 1,146 tons

The Swiss National Bank conducts Switzerland's monetary policy and manages the country's 1,144.1 tons of gold. With the world's seventh largest reserve of the precious metal, Switzerland's supply is worth approximately $45.84 billion in today's gold market, accounting for 27.1 percent of the country's foreign reserves.


8. Japan
Value of Reserves: $33.73 billion
Holdings Total: 843.25 tons

Although Japan is eighth on the list, its 843.25 tons of gold account for only 2.5 percent of total foreign reserves. On the open market, Japan's gold reserves are worth around $33.73 billion, and are overseen by the Bank of Japan.


9. Russia
Value of Reserves: $28.26 billion
Holdings Total: 706.38 tons

The Central Bank of the Russian Federation is in charge of the country’s 706.38 tons of gold, which are valued at $28.26 billion and comprise 5.1% of the country’s foreign reserves. In 2009 Russia increased its gold production by 21%, due in part to the launch of several new mines.


10. Netherlands
Value of Reserves: $26.9 billion
Holdings Total: 674.98 tons

The Netherlands has the tenth largest reserve on the list with 674.98 tons of gold. The Netherland Bank manages the country’s national finances, including the gold reserves, which amount to approximately $26.9 billion in the current market and account for 53.4 percent of the country's foreign reserves.


11. India
Value of Reserves: $24.58 billion
Holdings Total: 614.58 tons

Shooting up in the rankings in the past year is India. The second most populous nation in the world maintains the eleventh largest gold reserves. The size of India's holdings were bolstered in November 2009 by a $6.9 billion purchase of 200 tons of gold from the IMF.

The Reserve Bank of India oversees the country’s 614.58 tons of gold, which are valued at $24.58 billion, comprising 6.9% of its foreign reserves. India’s current ranking may also continue to move upwards, as the government has asked the Geological Survey of India to mine the previously untapped gold reserves in many of its states.


12. European Central Bank (ECB)
Value of Reserves: $22.1 billion
Holdings Total: 522.54 tons

Established in 1998 by the European Union, the European Central Bank is responsible for the monetary policy of the member nations of the Eurozone and is headquartered in Frankfurt, Germany. The 522.54 tons of gold accounts for 25.2 percent of the ECB's foreign reserves and would be worth $22.1 billion in today's market.


13. Taiwan
Value of Reserves: $18.67 billion
Holdings Total: 466.81 tons

Renowned for its technology industry and robust economic growth, Taiwan also boasts the thirteenth largest gold reserve in the world. The Central Bank of the Republic of China (Taiwan) manages the island nation’s foreign reserves, which have been reported at 466.81 tons. These holdings are worth $18.67 billion at today's prices and comprise approximately 4.1 percent of the country's foreign reserves.


14. Portugal
Value of Reserves: $16.86 billion
Holdings Total: 421.51 tons

The westernmost nation in mainland Europe is home to the fourteenth largest gold reserve in the world. At 421.5 tons, Portugal’s holdings are overseen by Banco de Portugal and are worth roughly $16.86 billion, accounting for 84.9 percent of the country’s foreign reserves.


15. Venezuela
Value of Reserves: $15.904 billion
Holdings Total: 397.6 tons

Banco Central de Venezuela manages the 397.6 tons of gold in the country’s reserves, which amount to approximately $15.9 billion and represent 36.8 percent of Venezuela's foreign reserves. Although Venezuela currently has the fifteenth largest reserve on the list, president Hugo Chavez announced in June 2009 that his government has introduced new policies to promote gold extraction and boost its ranking.

[GlennO]

brethorn56 said:

I read where all the gold ever mined would fit into two swimming pools.

If you took all of the gold in the world and put it in one place how much would there be?

It is amazing, but the total amount of gold in the world is a surprisingly small q uantity. Here's how you can calculate the total amount that is available.

If you look at a page like this one, or if you look it up in an encyclopedia, you will find that the annual worldwide production of gold is something like 50 million troy ounces per year. Gold has a specific gravity of 19.3, meaning that it is 19.3 times heavier than water. So gold weighs 19.3 kilograms per liter. A liter is a cube that measures 10 centimeters (about 4 inches) on a side. There are 32.15 troy ounces in a kilogram. Therefore, the world produces a cube of gold that is about 4.3 meters (about 14 feet) on each side every year. In other words, all of the gold produced worldwide in one year could just about fit in the average person's living room!

This cube weighs 1,555,210 kilograms (3,110,420 pounds). A recent spot price for gold was $256.10 U.S. -- using that number, all of the gold produced in a year is worth $12,805,000,000. That's a lot of money, but not an unimaginable amount. For example, that's about how much the Pentagon spent launching the GPS satellite system. NASA's budget in 1998 was $13.6 billion.

Figuring out the total amount of gold that has been produced by man is a little harder. To get at some kind of estimate, let's figure that the world has been producing gold at 50 million ounces a year for 200 years. That number is probably a little high, but when you figure that the Aztecs and the Egyptians produced a fair amount of gold for a long time, it's probably not too far off. Fifty million ounces * 200 years = 10 billion ounces. Ten billion ounces of gold would fit into a cube roughly 25 meters (about 82 feet) on a side. Consider that the Washington Monument measures 55 feet by 55 feet at its base and is 555 feet tall (17 x 17 x 170 m). That means that if you could somehow gather every scrap of gold that man has ever mined into one place, you could only build about one-third of the Washington Monument.

Platinum is even more scarce than gold. Only 3.6 million troy ounces are produced per year. Its specific gravity is 21.45, and it was discovered in the 18th century, not in 3,000 B.C. If you assume that the world has produced 3.6 million ounces per year for 50 years to estimate the total worldwide supply, all of the platinum in the world would fit in a cube that is 6.3 meters (about 20 feet) on a side. In other words, all of the platinum in the entire world would easily fit in the average home!

If you took all of the gold in the world and put it in one place how much would there be?

It is amazing, but the total amount of gold in the world is a surprisingly small quantity. Here's how you can calculate the total amount that is available.

If you look at a page like this one, or if you look it up in an encyclopedia, you will find that the annual worldwide production of gold is something like 50 million troy ounces per year. Gold has a specific gravity of 19.3, meaning that it is 19.3 times heavier than water. So gold weighs 19.3 kilograms per liter. A liter is a cube that measures 10 centimeters (about 4 inches) on a side. There are 32.15 troy ounces in a kilogram. Therefore, the world produces a cube of gold that is about 4.3 meters (about 14 feet) on each side every year. In other words, all of the gold produced worldwide in one year could just about fit in the average person's living room!


HowStuffWorks "All the gold in the world"