Hey guys, I had a wonderful day today, I spent nearly all of it at the beach. The end was the best part. As the sun set over the pacific, the full moon was rising over the continent, at that very same moment. To call it phenomenal would be a massive understatement. The sight of it had stolen away all my words, and continues to do so. Oh, and I found some neat green rocks.
To the News!
Iran moved massive amounts of money via US banks
Sadly, I think they plan on war soon. It nearly seems inevitable.
Israel Asked U.S for Help With Strike on Iran Nuke Facility
US consigns 3,000 tonnes of "ammunition" to Israel
I am sorry guys, I still haven't put anything more together on this. As it was here in the American old west with the Indian, so history repeats itself over there. Gaza is in effect a "reservation" and now the Israelites have been breaking down even that. The next logical step is full scale war. The next will be cultural indoctrination, same as we stole away the native american culture. So that only a remnant of a remnant remained. This could get ugly. I will keep thinking about it.
Its official China is hoarding cash. Eric over at market skeptics has provided some excellent commentary of the matter:
The Hoard
Our Governator came out and made a statement regarding our State's Budget. His Plan? The 4-legged stool plan!!!
Now here are some interesting quotes made before and during the last depression:
(The market "crashed" in October of '29 and we didn't come out of it until US involvement in the last great war in 1941)
September 1929
"There is no cause to worry. The high tide of prosperity will continue" - Andrew W. Mellon, Secretary of the Treasury.
October 14, 1929
"Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board" - New York Times
December 5, 1929
"The Government's business is in sound condition" - Andrew W. Mellon, Secretary of the Treasury
December 28, 1929
"Maintenance of a general high level of business in the United States during December was reviewed today by Robert P. Lamont, Secretary of Commerce, as an indication that American industry had reached a point where a break in New York stock prices does not necessarily mean a national depression" - Associated Press dispatch.
January 13, 1930
"Reports to the Department of Commerce indicate that business is in a satisfactory condition, Secretary Lamont said today" - News item.
January 21, 1930
"Definite signs that business and industry have turned the corner from the temporary period of emergency that followed deflation of the speculative market were seen today by President Hoover. The President said the reports to the Cabinet showed the tide of employment had changed in the right direction" - News dispatch from Washington.
January 24, 1930
"Trade recovery now complete President told. Business survey conference reports industry has progressed by own power. No Stimulants Needed! Progress in all lines by the early spring forecast" - New York Herald Tribune.
March 8, 1930
"President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days" - Washington Dispatch.
May 1, 1930
"While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States - that is, prosperity" - President Hoover
June 29, 1930
"The worst is over without a doubt" - James J. Davis, Secretary of Labor.
August 29, 1930
"American labor may now look to the future with confidence" - James J. Davis, Secretary of Labor.
September 12, 1930
"We have hit bottom and are on the upswing" - James J. Davis, Secretary of Labor.
October 16, 1930
"Looking to the future I see in the further acceleration of science continuous jobs for our workers. Science will cure unemployment" - Charles M. Schwab.
October 20, 1930
"President Hoover today designated Robert W. Lamont, Secretary of Commerce, as chairman of the President's special committee on unemployment" - Washington dispatch.
October 21, 1930
"President Hoover has summoned Colonel Arthur Woods to help place 2,500,000 persons back to work this winter" - Washington Dispatch
November 1930
"I see no reason why 1931 should not be an extremely good year" - Alfred P. Sloan, Jr., General Motors Co.
January 20, 1931
"The country is not in good condition" - Calvin Coolidge.
June 9, 1931
"The depression has ended" - Dr. Julius Klein, Assistant Secretary of Commerce.
August 12, 1931
"Henry Ford has shut down his Detroit automobile factories almost completely. At least 75,000 men have been thrown out of work" - The Nation.
July 21, 1932
"I believe July 8, 1932 was the end of the great bear market" - Dow Theorist, Robert Rhea.
You can draw your own parallels. Strange isn't it?
Schiff on CNN, note what the sniveling man says at the end "I'm willing to take "some" (more) government now, in order to avoid a dictator like Hitler" For F-sakes.
Ron Paul's Latest on Fox:
So here we go folks. Keep preparing. I'm going to keep on saying that, just because we need to. Its time for character development and cultivation. That is allways a good idea. We are Free People, and that gift of individuality is something we are going to have to stick to like "crap on a wet blanket". We can't depend on these people in charge to *get it right*. However, I know I can depend on you. Encourage creativity anywhere you can find it. I was reminded today of something they say in Texas. "When times get hard remember the 3 G's: Guts, Guns, and God. If you have 2 out of the 3, you'll be allright." lol, something to think about. They also say in Texas, "never miss a good chance to shut up." So I won't.
Do something every day that you don't want to do; this is the golden rule for acquiring the habit of doing your duty without pain.~~~Twain
Prov
4:7
Wisdom is the principal thing, therefore get wisdom; and with all thy getting, get understanding.
With Love All ways~
Joshua F.
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