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The US Economy - Will There
Be an Economic Recovery?

The US economy seems to keep rolling along yet those who watch the economy (and understand it) very closely say that it cannot possibly be sustained. It is being artificially propped up and sooner or later (probably sooner) the reality of the situation will become evident to all. The news items I have included this month bring this out even more.

One thing that governments sometimes do when the economy goes sour is to get involved in a war. We still have the situation with Iran and another story this month points at a new development with similarities to the Cuban Missile crisis of the early sixties.

Then I finish with a news item from outer space that may or may not affect our planet in the future.

This is not an economic newsletter and, of course, I do not intend any of it to be anything like economic or investing advice. However, we know that the mark of the beast will eventually involve economic sanctions against those who do not conform to the system (Revelation 13:17). These developments in the US economy may be part of the move to a one-world economy and a cashless (and therefore easily-controlled) society.

Note that I am simply sharing items of interest. That does not imply that I agree with everything presented.


Prophecy News - 2010 December

The US Economy - Any Talk of Recovery Is False

The government and the mainstream media are desperately trying to convince you that everything is alright. It's not alright. It's getting worse by the day.
By: Jim Quinn / Minyanville.com / December 14, 2010

talk-of-recovery

"Have you noticed the latest sound bites coming from the punditry in the corporate mainstream media? Here's the latest wisdom flowing from Wall Street, Washington DC, and mega corporations:

  1. The economy is recovering and employment is growing.
  2. Consumers are deleveraging, saving, and using cash for purchases.
  3. Retailers are doing fantastic as consumers increase spending.

"How can consumers be deleveraging, saving, and increasing spending at the same time? Let's examine the facts.

"The fallacy that the economy is recovering and employment is growing can be put to rest by an examination of the Bureau of Labor Statistics data:

"The number of Americans employed over the last few years is as follows:

  1. 2007 -- 146.0 million
  2. 2008 -- 145.5 million
  3. 2009 -- 139.9 million
  4. 2010 -- 138.9 million

"It seems there are 7.1 million less employed people than there were three years ago. Contrary to the spin from the White House, there are 1 million less people employed today than during the horrific 2009 year. Luckily, another 6 million people left the work force, or we'd really have a problem. The truth is that if the government actually counted everyone in the country who wants a job, the unemployment rate isn't 9.8%, but 23% -- and it continues to rise."

Click here to read it all

The US Economy: Stand By for More Worse News
By: Wayne Madsen / Opinion Maker.com / November 26, 2010

lady on phone

"A top economic adviser to the Democratic Party, speaking on deep background, told WMR that the domino-like collapse of the economies of Iceland, Greece, Ireland, and, now, possibly Spain, is coming also to the United States.

"Unlike Iceland, Ireland, Greece, Portugal, and, to some extent, Spain, which have strong central government control, the United States is a federal republic and, as such, the collapse of the economy will be state-by-state and begin at the municipality level, according to our source who has contacts within the Obama White House and the Democratic leadership of the Congress.

"The wildfire of municipality bankruptcies will then spread to the states, with California and Illinois likely to be the first two states to default on their debts and declare bankruptcy."


The Stench of the Decay of the US Economy: Russia and China Dump the US Dollar
By: Dr. Paul Craig Roberts / Global Research.com / November 29, 2010

Russia-China

"On Thanksgiving eve the English language China Daily and People's Daily Online reported that Russia and China have concluded an agreement to abandon the use of the US dollar in their bilateral trade and to use their own currencies in its place. The Russians and Chinese said that they had taken this step in order to insulate their economies from the risks that have undermined their confidence in the US dollar as a world reserve currency.

"This is big news, especially for the news dead Thanksgiving holiday period, but I did not see it reported on Bloomberg, CNN, New York Times or anywhere in the US print or TV media. The ostrich's head remains in the sand.

"Previously, China concluded the same agreement with Brazil."

Click here to read it all

U.S. Tax Policy Will Push Gold and Silver Much Higher
By: James West / Gold Seek.com / December 14, 2010

gold and silver

"The Obama administration's inability to obtain an improved tax revenue fo

r federal coffers is the latest farce in the comic American tragedy unfolding before our very eyes. This government appears incapable of understanding that printing increasing amounts of currency while realizing deteriorating tax revenues and generally lethargic economic conditions is the direct path toward default.

"Bankruptcies loom at the state, county and municipal level throughout the U.S. Even wealthy jurisdictions, like New York's Nassau County, home to some of the most expensive schools in the United States, faces a fiscal crisis.

"California is battling insolvency on an almost daily basis, and the U.S. Federal Reserve is forced to buy T-bills from the Treasury department just so the government can continue kiting checks to itself to stay operational."

Click here to read it all

Iran Placing Medium-Range Missiles in Venezuela; Can Reach the U.S.
By: Anna-Mahjar-Barducci / Hudson-NY.com / December 8, 2010

Iran placing missiles

"Iran is planning to place medium-range missiles on Venezuelan soil, based on western information sources, according to an article in the German daily, Die Welt, of November 25, 2010. According to the article, an agreement between the two countries was signed during the last visit of Venezuelan President Hugo Chavez to Tehran on October 19, 2010. The previously undisclosed contract provides for the establishment of a jointly operated military base in Venezuela, and the joint development of ground-to-ground missiles.

"According to Die Welt, Venezuela has agreed to allow Iran to establish a military base manned by Iranian missile officers, soldiers of the Iranian Revolutionary Guard and Venezuelan missile officers. The agreement states that Venezuela can use these facilities for 'national needs' -- radically increasing the threat to neighbors like Colombia. The German daily claims that according to the agreement, Iranian Shahab 3 (range 1300-1500 km), Scud-B (285-330 km) and Scud-C (300, 500 and 700 km) will be deployed in the proposed base. It says that Iran also pledged to help Venezuela in rocket technology expertise, including intensive training of officers.

"The situation that is unfolding in Venezuela has some resemblance to the Cuba crisis of 1962. At that time, Cuba was acting on behalf of the USSR; now Venezuela is acting on behalf of Iran."

Click here to read it all

Giant Stealth Planet May Explain Rain of Comets from Solar System's Edge
By: Charles O. Choi / Space .com / December 1, 2010

stealth planet

"Our sun may have a companion that disturbs comets from the edge of the solar system -- a giant planet with up to four times the mass of Jupiter, researchers suggest.

"Scientists have already proposed that a hidden star, which they call 'Nemesis,' might lurk a light-year or so away from our sun.

"The potential jumbo Jupiter would likely be a world so frigid it is difficult to spot, researchers said. It could be found up to 30,000 astronomical units from the sun. One AU is the distance between the Earth and the sun, about 93 million miles (150 million km)."

Click here to read it all

SUMMARY
The US economy, without a doubt, is in serious trouble. We should be good stewards of what the Lord has entrusted to us and handle our personal finances carefully.

"And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh." (Luke 21:28)

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