This site is made in honor of my Lord and Savior Jesus Christ who gave His life for me and whose blood has covered over my transgressions and thus reconciled me with the Father to whom forever be the glory!

This site contains pictures, videos, commentary, links, posts, writings,etc. meant to in one way or another, directly or indirectly lift up the Name, the ONLY name, under heaven, given to men, by which we must be saved, Jesus Christ.

The postings on this site are meant to provide the believer with uplifting testimony from the Spirit. If you are a believer and feel there is anything which may be perceived as detrimental to the cause and/or advancement of the Gospel, please let me know.

My personal writings are meant to inspire, instruct, and instill a grateful spirit, for I believe it is only right to give thanks to the One responsible for all things and to stay in constant contact with Him.

In addition, this site will in many ways help us to stay awake, as we await THE DAY! It is my firm belief that it is our generation that will come to see the events foretold and pre-ordained before the foundation of the earth spoken of through the prophets and to John, the beloved apostle who "testifies to everything he saw—that is, the word of God and the testimony of Jesus Christ" and whose unveiling declares that "Blessed is the one who reads the words of this prophecy, and blessed are those who hear it and take to heart what is written in it, because the time is near."

Like always, LET US REJOICE IN THE LORD, as we "await in eager expectation for the sons of God to be revealed."

AMEN.

Wednesday, October 29, 2014

Current Events-National Economy

http://www.usatoday.com/story/money/business/2014/10/29/fed-october-meeting/18115435/

Despite stock market volatility and global economic troubles, the Federal Reserve on Wednesday agreed to end bond purchases that have supported U.S. economic growth since the 2008 financial crisis, marking a milestone in the five-year-old recovery.

The bubble was artificially propped up by these purchases...what will happen now?

Although the conclusion of the purchases spells the end of a historic infusion of easy money into financial markets, Fed policymakers have said it's unlikely to sell most of the securities and will instead allow them to gradually come off the Fed's books as they mature through the remainder of this decade. As a result, the banking system is likely to be flush with the Fed's cash at least for several years...leading to possible inflation/hyper-inflation depending on the overall amount of money in circulation.

http://www.usatoday.com/story/money/business/2014/10/29/fed-ends-qe3-news-analysis/18119369/

The Fed began buying long-term securities — Treasury bonds and mortgage-backed securities — to push long-term rates lower. The Fed essentially created the money to buy the bonds, expanding the U.S. money supply....a prelude to inflation.

http://www.usatoday.com/story/money/business/2014/10/29/fed-statement-october-28-29-meeting/18119995/

Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Stanley Fischer; Richard W. Fisher; Loretta J. Mester; Charles I. Plosser; Jerome H. Powell; and Daniel K. Tarullo. Voting against the action was Narayana Kocherlakota, who believed that, in light of continued sluggishness in the inflation outlook and the recent slide in market-based measures of longer-term inflation expectations, the Committee should commit to keeping the current target range for the federal funds rate at least until the one-to-two-year ahead inflation outlook has returned to 2 percent and should continue the asset purchase program at its current level.

 

http://www.infowars.com/from-this-day-forward-we-will-watch-how-the-stock-market-performs-without-the-feds-monetary-heroin/ 

The entire quantitative easing program was a massive 3.5 trillion dollar gift to Wall Street. 

The following is an excerpt from a Wall Street Journal report about a speech that former Fed chairman Alan Greenspan made to the Council on Foreign Relations on Wednesday
Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases.
He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and mortgage-backed securities did help lift asset prices and lower borrowing costs. But it didn’t do much for the real economy.
Effective demand is dead in the water” and the effort to boost it via bond buying “has not worked,” said Mr. Greenspan. Boosting asset prices, however, has been “a terrific success.”
Moving forward, what did Greenspan tell the members of the Council on Foreign Relations that they should do with their money?
This might surprise you…
Mr. Greenspan said gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments.

No comments: