The Economy

[firstborn888]

Since then, it has been continually offered to us through inventors who have been compromised, suppressed, and even killed.

Molly,
  My grandfather was a genius (whom I never met personally) who invented a way of refining oil that could save the refineries millions. Ultimately a big oil company to whom he gave a presentation changed some minor details and patented their own process bypassing my grandfather's patent altogether.
   My family should have (and deserved) to be well off but instead my grandfather died a bitter soul and we just go week to week. I am not blind to the corruption that exists out there.
   Keep on fighting the good fight girl.
   Salt of the earth.  :Sparkletooth:     

[Cardinal]

 :cloud9: Me either. My mother's side of the family owned the biggest ranch in Texas, that is now a park. It's over 10,000 acres. It was my grandfather's uncle that homesteaded it and built it up. He was an old man by the time this happened, and his wife died. He married a younger woman with 3 kids, two boys and a 13 year old girl. She accused him of having sex with the girl (which he vehemently denied) and rather than call the sheriff and have a trial or anything, she just had her 2 sons hang him.

I don't know the rest of the story, although my grandfather remembered his other uncles coming in to his dad's with guns. His dad asked them where they were going, since it wasn't hunting season, and then they told him they WHERE they were going hunting. He didn't know the end of the story, he just knew according to what the family said, she had done it for the money and the ranch. Blessings....

[Akira Takahashi]

Not to mention, almost everything Obama is currently doing is bringing up the deficit.

[WhiteWings]

It will blow your mind. The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen/women knew was coming, but man was it big. It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota; and extreme eastern Montana ... check THIS out:

Molly,

The links your posted are (temporarily) down.
Are the articles about the 'normal' kind of oil? The type that can be pumped out of a oil field or shale oil?
It's know for a long time the USA has a vast amount of it. The problem is that the whole country is literally destroyed by the mining. It's also very polluting and expensive because it takes 3 gallons of oil to extract 4 gallons.
But because you 'only' mention 503 billion barrels I think 'your' article  is about another type of oil because shale oil is estimated 3 trillion barrels worldwide (62% in the uSA)
http://en.wikipedia.org/wiki/Oil_shale


About the economy.... just watch those evening stars   :2c:

[Nathan]

You mean like . . .Katie Couric???

[Molly]

Hi ww,

I know what you're talking about.  It's very costly to extract oil from shale through mining.  But apparently they have discoved a new method of driiling in recent years.  They drill straight down then drill sideways into rivers of oil flowing between the shale.  The estimates of how much is there vary because many are using very low (conservative) estimates.

I think we should set up a national oil company that belongs to the people of this country and drill those rivers of oil.  Then we will be like Kuwait, the third richest country in the world per capita because they share the wealth.  Maybe Nathan could write a song.

My computer is not working well but you might try googling bakken horizontal drilling.

Drill those rivers of oil!  Hallelujah!

[WhiteWings]

Molly,

Congrats with your "Golden Girl" post  :laughing7:

Found a nice .pdf
http://tonto.eia.doe.gov/ftproot/petroleum/tr0565.pdf

[WhiteWings]

You mean like . . .Katie Couric???

She doesn't look similar to what I had in mind  :laughing7:
(http://i.investopedia.com/inv/dictionary/terms/EveningStar.gif)

[Taffy]

Molly :icon_flower:

Ya Blessed with Gold

Have a flower :icon_flower:

[jabcat]

Taffy bought a horse from a farmer for $100. The farmer
agreed to deliver the horse the next day.

The next day the farmer drove up and said, "Sorry, but I have some
bad news... the horse died."

Taf replied, "Well, then just give me my money back."

The farmer said, "Can't do that. I went and spent it already."

Taf said, "Ok, then, just bring me the dead horse."

The farmer asked, "What ya gonna do with him?"

Taf said, "I'm going to raffle him off."

The farmer said, "You can't raffle off a dead horse!"

Taf said, "Sure I can, Watch me.. I just won't tell anybody he's dead."

A month later, the farmer met up with Taf and asked, "What happened
with that dead horse?"

Taf said, "I raffled him off. I sold 500 tickets at two dollars a
piece and made a profit of $998."

The farmer said, "Didn't anyone complain?"

Taf said, "Just the guy who won. So I gave him his two dollars back."

Taf now works for the U.S. government. He's the one who
figured out how this "bail-out" is going to work.

[Cardinal]

 :cloud9: rofl.....that is hilarious...... :grin:

[fire walker]

Taffy bought a horse from a farmer for $100. The farmer
agreed to deliver the horse the next day.

The next day the farmer drove up and said, "Sorry, but I have some
bad news... the horse died."

Taf replied, "Well, then just give me my money back."

The farmer said, "Can't do that. I went and spent it already."

Taf said, "Ok, then, just bring me the dead horse."

The farmer asked, "What ya gonna do with him?"

Taf said, "I'm going to raffle him off."

The farmer said, "You can't raffle off a dead horse!"

Taf said, "Sure I can, Watch me.. I just won't tell anybody he's dead."

A month later, the farmer met up with Taf and asked, "What happened
with that dead horse?"

Taf said, "I raffled him off. I sold 500 tickets at two dollars a
piece and made a profit of $998."

The farmer said, "Didn't anyone complain?"

Taf said, "Just the guy who won. So I gave him his two dollars back."

Taf now works for the U.S. government. He's the one who
figured out how this "bail-out" is going to work.

+++++++++++++++++++++++++++++
Jabcat,

There may be more truth than humor to be extracted here in what you posted in regards to the actual bailout situation.

Peace,
Fire Walker

[jabcat]

Oh yeah, brother, I definitely think there's both...

[Doc]

I know things are bad right now, I'm not denying that they are, although I think some (who have a vested interest in doing so) are trying to make certain things look worse than they really are, and doing some self-fulfilling prophecy creation.

But here is what Father has been laying on my heart lately about the situation:

Good old ordinary Peter was able to walk on water by simply focusing on Jesus. The second he looked at the waves, he began to sink.

Jesus warned us that men's hearts would fail them to look on the things coming on the world. Not that we should just ignore the problems, mind you. To me, this means we need to focus our attention on God, and not look at the waves. He is able to deliver us from anything, even sin and death. He will guide and direct in the days ahead, no matter what comes.

We need to hang on to Him and each other.

Blessings, all.

[sparrow]

Thanks Doc...
Good advice.
:HeartThrob:

[firstborn888]

We need to hang on to Him and each other.

So true Doc.  :thumbsup:

I would add though that, beyond 'hanging on' (which is all important) we are God's human representatives.

Since He created the waves then we are not as those who are confused by the waves.

[Molly]

All of a sudden, our president is being blamed for the selloff in share prices.

Yesterday, for example, the Wall Street Journal published an editorial by Michael Boskin, former chairman of the Council of Economic Advisers under George H.W. Bush, claiming that "Obama's Radicalism Is Killing the Dow." In a Bloomberg News report, "Obama Bear Market' Punishes Investors as Dow Slumps," a money manager attributed the slump to uncertainty stemming from the Administration's efforts to turn things around.

As usual, the alleged experts don't have any idea what they are talking about.

For one thing, the current bear market began long before Barack Obama assumed the reins of power. Since hitting its all-time high in October 2007, the S&P 500 index has fallen by more than half, with 80 percent of those losses occurring before the January inauguration.

More important, still, are the real reasons behind the sell-off. These include the bursting of history's biggest housing bubble, which triggered a shockwave of wealth destruction that has wreaked widespread havoc throughout the economy, as well as the unraveling of a multi-trillion-dollar financial house of cards built on greed, ignorance, and fraud.

Throw in the fact that stock prices had been supported by earnings and expectations about the future that had little basis in reality and it's not hard to see why the bears have been in control during the past year-and-a-half or so.

Indeed, on valuations alone, it is easy to make the case that there is plenty more downside to come. During the similarly turbulent times of the past, including the Great Depression, World War II, the late-1970s era of stagflation, and the twin-recessions of the early-1980s, the ratio of share prices to the aggregate earnings of companies included in the S&P 500 during the prior 12-months fell to the mid-to-upper single digits before another bull market began.

Right now, in contrast, the P/E ratio of the bellwether index is around 12. Assuming that we've seen the worst as far as the economy and corporate profits are concerned -- though there are lots of reasons to believe otherwise -- stocks could still fall another 50 percent before they would represent a true "buying opportunity."

To be sure, no market moves in a straight line. Even during the period from 1929 to 1932, when share prices lost 90 percent of their value, there were six double-digit-percentage countertrend moves along the way. These included a five-month, 52 percent rally in the wake of the Great Crash, as well as a nine-week, 29% gain in early-1932, amid the depths of the Depression.

In fact, an expanding array of technical and sentiment indicators suggests that a short-term bottom is likely at hand.

Bespoke Investment Group recently noted, for example, that a weekly poll by the American Association of Individual Investors (AAII) showed that investors "are now at their most bearish levels in the history of the survey." For contrarians, that is a bullish sign, indicating that pessimism -- and the selling that goes along with it -- is somewhat overdone, at least in the short run.

My own research on the deviation between stock prices and their longer-term moving averages, which can help gauge the "intensity" of a move, reveals that the differential has reached a level not seen since mid-November, after which the market jumped 19 percent in five days. Prior to that, the last time we saw such a rubber band-like divergence was during the 1930s -- before one of those rebounds I referred to earlier.

What this means, of course, is that when the stock market does have another one of its dead cat bounces, it likely won't be because of anything our president has done.

But that won't stop another group of "experts" from claiming otherwise.

http://www.economicroadmap.com/

[WhiteWings]

Molly,

Those 'experts' are only there to shift blame.
Or to lure inexperienced tradesr into a trap. The real traders are in the pit or otherwise working for the 'big money'

[Molly]

Yeah, this guy is pretty interesting, though.  I saw him on book tv/Cspan.  His first book gave predictions that were pretty spot on.  He now says things like--the European union is going to break up,  globalism will end, and countries will return to their nationalistic roots--which kind of surprised me.* Countries will go back to a local economy.   He also said Mexico is going to become the next Lebanon, I think he said civil war in Mexico(the drug dealers are better armed than the police and oil is running out) and our border with Mexico is going to become more of a war zone than it already is.  He has more predictions that are equally interesting and disturbing--like [drinking] water is going to become the new oil. 

But, they will all be foiled if we drill the Bakken!






* Actually, this shouldn't have surprised me because the end of Revelation refers to nations...

24And the nations of them which are saved shall walk in the light of it: and the kings of the earth do bring their glory and honour into it.

--Rev 21

[Cardinal]

 :cloud9: That's true about the oil, but Obama is talking about coal. Has no one told him that destroys the land and we have underground fires in 4 or 5 towns in the US now from abandoned coal mines that caught on fire, and there is NO WAY to put them out? The people had to leave everything behind and move. The ground is giving way under their feet, the highways go so far in and then end in sinkholes. It looks like hell, literally, and the government had to buy the whole town (s).

Everyone should be concerned about Mexico, and if I was governor of those states that form the border, I'd be seeing if I could sue the federal government for failing to protect my borders. There have been over 400 murders of women in Juarez, their bodies dumped in the desert; these are predominantly factory workers of the factories our country allowed to move out the country. No one will do anything about it, some of the federales are no doubt involved as few of them are not on the drug dealers payroll.

And if anyone has been reading the news about it, the drug cartels have killed nearly all the police in one town in the drug route TO THIS COUNTRY, and again, no one does anything. Sad, but true. Blessings....

[Doc]

We need to hang on to Him and each other.

So true Doc.  :thumbsup:

I would add though that, beyond 'hanging on' (which is all important) we are God's human representatives.

Since He created the waves then we are not as those who are confused by the waves.

:thumbsup:

[jabcat]

Yeah, Molly, I've been sensing a quick buildup to a so-called "world order", especially yesterday, heard Lou Dobbs talking about a European leader now wanting a U.S. bailout (like we could!) and that we need "global cooperation" or some such thing...so nationalism,  very interesting...I've actually been a dinasaur, advocating that we get our rear-ends from being spread out all over the world and protect and build our own country...send some aid here and there, of course, but quit trying to police the world and using most(?) of our money to do it.

The thing in Mexico actually frightens me, Card (not of the Lord, but in my flesh). I commented to my wife that just 4-5 years ago (not even that long) americans were talking about moving to Mexico, what a good deal it was...I had even checked it out some.  Then I saw on the news that some company is making an armored SUV for people to use in Mexico, that only costs a mere $250,000  :mshock:.

My wife (believer), logical, fairly positive, said "things kind of look hopeless"...I said, "yeah, in the flesh".  But our God's greater, and He will meet our needs by His riches.  Golfed with a buddy Saturday...asked Him what he thought about the economy...he said, "if it keeps going, I'm going to lose everything".  We immediately kicked into, but God will supply all our needs... :thumbsup:

[Molly]

TESTING THE FAITH
Pastor now tells how to prep for imminent catastrophe
Wilkerson says be ready, 'See the salvation of the Lord'


A nationally known pastor and author who predicts an imminent catastrophe of God's judgment on America is now telling concerned Christians it is time for peace and preparation, not panic.

"This is what I hear the Holy Spirit speaking to my heart concerning my own spiritual response to impending calamity," writes David Wilkerson, author of "The Cross and the Switchblade" and founder of a ministry to troubled New York street kids, on his blog today. "It is simply this: Stand still and see the salvation of the Lord."

As WND reported, Wilkerson drew attention by publishing on his blog over the weekend a vision for impending fires and riots sweeping through New York City and other cities across the country.

"An earth-shattering calamity is about to happen," he writes. "It is going to be so frightening, we are all going to tremble – even the godliest among us."

"It will engulf the whole megaplex, including areas of New Jersey and Connecticut. Major cities all across America will experience riots and blazing fires," he explains. "What we are experiencing now is not a recession, not even a depression. We are under God's wrath."

After such dire words, Wilkerson was asked how people should respond to his message, and, with today's blog post, the pastor answered.

"I can only answer by sharing what the Holy Spirit is speaking to my own heart and what I am to do," writes Wilkerson. "I shared that I was led in a practical way to lay aside a month's supply of food — because I have witnessed the panic in the wake of terrorism."

http://www.wnd.com/index.php?fa=PAGE.view&pageId=91247


This is what I hear the Holy Spirit speaking to my heart concerning my own spiritual response to impending calamity. It is simply this —STAND STILL AND SEE THE SALVATION OF THE LORD.

"And Moses said to the people, Fear ye not, stand still, and see the salvation of the Lord, which he will show you today...The Lord shall fight for you, and you shall hold your peace" (Exodus 14:13-14).


http://davidwilkersontoday.blogspot.com/

[Paul Hazelwood]

Whats going to happen? oh yeah gloom and doom.

[Molly]

I like his idea of being baptised with 'a great peace--a supernatural quietness'.

I'm already feeling that baptism.


7 The angel of the LORD encamps around those who fear him,
       and he delivers them.

--Psa 34