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China and Russia drop dollar.

http://www.chinadaily.com.cn/china/2010-...599087.htm

New Heart,

According to Glenn Beck that is day one of a fifteen day cycle to the collapse of the USA.


In Christ

abe

Hello all and Able

So is this day one?

Avis:coffeeread:

Lauderdale,

Yes, Day one is when China says no more Bonds.

Sorry, I thought it was when China said no more USA dollars.

Which in my opinion is pretty much the same thing.

USA Bonds are IOUs in USA dollars.

Russia and China would have previously accepted those Bonds as USA dollars and transact business using those Bonds.


So no more USA dollars does mean NO MORE USA BONDS!


The only reason to stop transacting in USA Bonds is a signal to the rest of the world that Russia and China see NO VALUE in USA BONDS!


In other words Russia and China do not believe that the USA can make good on their IOU's.

It sends an incredibly strong message to the rest of the world!


They are not going to let the USA screw with them anymore.


But hey,

Day 2 is "spooked on Wall Street"


Guess we will find out tomorrow or the next day.


Day 3 is "rumours of instability and panic"

Day 5 is "Asian markets fall, USA dollar down 10%, Gold up $200"


In Christ

abe

I don't say this lightly but Glenn Beck is the last person in the world to take seriously.

Seraphim,

Always good when I can find an opportunity to agree with you:

Isaiah 8:12-13
“YOU men must not say, ‘A conspiracy!’ respecting all that of which this people keep saying, ‘A conspiracy!’ and the object of their fear YOU men must not fear, nor must YOU tremble at it. 13 Jehovah of armies—he is the One whom YOU should treat as holy, and he should be the object of YOUR fear, and he should be the One causing YOU to tremble.”


In Christ

abe

Amazing! That scripture definitely fits him.

Seraphim,

The thing that gets my attention through these conspiracy theories is I can see everything Jehovah and Jesus Christ said is coming true!

They will throw their Gold and Silver into the streets.


James 5:1-3
Come, now, YOU rich [men], weep, howling over YOUR miseries that are coming upon YOU. 2 YOUR riches have rotted, and YOUR outer garments have become moth-eaten. 3 YOUR gold and silver are rusted away, and their rust will be as a witness against YOU and will eat YOUR fleshy parts. Something like fire is what YOU have stored up in the last days


In Christ

abe

I dreamed that a year before the recession hit, people throwing gold and silver into the streets, and I was confident enough to post it on this board and warn people to be cartful with their money because of what I suspected was going to happen, a big recession. It did, but I would be cautious about attaching `last days` significance to it. As Agabus predicted a famine in his time but it didn't signify the last days on the global scale, nor will this in my view. In a sense what the bible predicts with the gold and silver is not about a recession or collapse of the world set-up, but our human tendency to be proud and rely on what we have as though it was for our own benefit as opposed to God purposes for it in our hands. It was the same sin of Israel and Sodom. In this sense it has always come true with those who don`t walk humbly with God, because in another sense it is always the last days for us individually because we don`t have long on this earth and when our time is up we are in judgement day which is not seen from earth.

The tipping point is a positive thing. Everything must fall..it is God's will. The only thing we must worry about is being love and ONLY love. If you are love, you will always be taken care of.

:heartbeat:
New Heart

Now that Russia has formed an economic alliance with China announcing NO MORE USA Dollars he has gone to the European Community and proposed the same thing!

Ok, its Day 5.


Asian markets are mixed.

USA dollar is up.

Gold prices are treading water.


In Christ

abe

UPDATE 1-Germany denies change of stance on joint euro bond - Yahoo! UK & Ireland Finance

We will no doubt see a lot of these mind games going on.

Since Secret international links have gotten out, we probably wont really know anything until it really happens,

U.S. Facing Global Diplomatic Crisis Following Massive WikiLeaks Release of Secret Diplomatic Cables
No one will trust anyone..