Unreported News, Commentary, Resources and Discussion of Bible Prophecy
st louis steve wrote:U.S. Debt Reaches 100 Percent of Country's GDP The U.S. debt surpassed 100 percent of gross domestic product after the government's debt ceiling was lifted, Treasury figures showed Wednesday, according to AFP.
The debt, which had been in somewhat of a holding pattern over the past several weeks, rose $238 billion after President Obama signed the debt-ceiling deal into law Tuesday to avoid the country's first-ever default.
The package is designed to carve $2.4 trillion from the deficit over the next decade. But in the near term, it granted Washington an increase in its borrowing authority worth the same amount.
Read more: http://www.foxnews.com/politics/2011/08 ... z1U6DmQlRE
It’s a new day on Wall Street… or is it?
...the stock market rally has faded.
Stocks resume sell-off...
Market Selling Gathers Momentum
World markets sell off on global worries
Wall Street’s early rally fizzles as market sell-off continues
smackbucket wrote:I would never suggest people buy gold and silver right NOW. It's HIGH. It will probably go up, but I'm not giving advice. I'm just glad I bought it when it was low. Your dollars are going to go down the tube someday (maybe soon), and a new money system doesn't scare me in the slightest when it comes to the gold and silver issue. It will hold a value. We know this from the passage you posted! :)
mark s wrote:If we go to gold, out will come the scales, and the values will be soon established. This is what happened on Mozambique.
I have to disagree with the suggestion not to buy gold and silver right now. I do believe it is on a bubble, but they will continue to go up from here. These prices might not be that bad when the bubble bursts. Also if we are nearing the end of the Dollar that is virtually the only place to put your money that will have value in whatever currency takes it's place. I don't like the prices, but buying when you can should be a something everyone does because there is value there. It is far better than putting your money in the bank and having it be worthless. If the Dollar crashes their will still be value. I am a big fan of silver for the average person. You can buy more and I think it has a long way to rise in value since it hasn't done much in comparison to gold.
smackbucket wrote:And I also believe in silver, but I'm not sure what you mean that it hasn't done much in comparison to gold. ?
Gold has went up 544% in the last decade, as of today. Silver is up 811%.
In the last 2 years gold is up 84%. Silver is up 164%.
daffodyllady wrote:Except I have Jesus.
and having Him, I have more than the biggest owner of gold on the face of the earth. My future is secure, because the Lord of Heaven and earth has promised to take personal care that I will have my needs provided. I could flee with only the clothes on my back, secure in the knowledge that God will not let me down.
You can have your silver and gold. I'm not even jealous.
The Dow Jones Industrial Average plummeted 420 points, or 3.7%, to 10,991, the S&P 500 slid 53.2 points, or 4.5%, to 1,141 and the Nasdaq Composite tumbled 131 points, or 5.2%, to 2,380. The FOX 50 plunged 32.7 points to 828.
...Volatility was quite high on the day. Indeed, the VIX, often referred to as a gauge of fear, spiked 36%.
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