Sunday Awesome Sunday

Friends it is Sunday awesome Sunday once again and it is SAWEET to be given the opportunity by our God to make the most of it. Today, like everyday, is a day of worship, singing songs of praise, fellowshipping with brothers and sisters, laughing, and encouraging one another. The sun shall soon rise high! Make the most of it friend! Our LORD is awesome and everlasting!!

From the Horses' Mouth

From Walmart's CEO------Walmart's core shoppers are running out of money faster than a year ago due to rising gasoline prices, and the retail giant is worried. "We're seeing core consumers under alot of pressure", Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact".

Walmart's CEO Mike Duke

This blog has spoken relentlessly about important and immediate topics such as this. That inflation is and will be so bad that people who shop at Walmart, including yours truly, will be unable to buy anything from there 12 months from now except white bread, peanut butter, and gasoline, because every other item on their shelves will be an unattainable luxury, "(And no I am not exaggerating) unless we take steps to protect ourselves from the silent thief of inflation. Because this thief, will confiscate our savings and our standard of living. Friends protect yourselves!

More complete article concerning Duke's comments... http://www.zerohedge.com/article/wal-mart-ceo-shoppers-are-running-out-money-there-no-sign-recovery

16 Year Low

The dollar index is getting ready to plunge and just like a teeter totter, when the dollar goes down, everything else goes UP. It recently hit a 16 year low....

Why Gold Is Going UP

This illustration succinctly tells why gold and silver and oil and bread are going UP....because our Government issues more debt and our Federal Reserve prints more money. And they won't stop....

Friends protect yourselves!

IMF: Age of America Nears End

The IMF, the international bank of banks, has issued a report saying that the Chinese economy will surpass the size of America's by 2016. Here's a link to the more complete article..          http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25?link=MW_home_latest_news

Dallas Fed Confirms Economic Re-Contraction

From the Dallas Federal Reserve Branch today...."Rapidly increasing costs and fuel costs have shocked the consumer away from any non mandatory spending". 
Think higher...

"From a cost standpoint, commodity prices continue to increase, negatively impacting material and delivery costs."

Think higher...

Friends protect yourselves!

Greece

Greece is "the canary in the coal mine", when it comes to what transpires when rising prices(inflation) coexist with a global "recession".  Greece is experiencing the same bad effects that America is experiencing except the Greeks have a large head start on us.  

Greece has horrible debt problems, a lethargic economy, high unemployment, a youth base that is heavily unemployed and thus has a lot of free time on its hands, and political leaders that will not take the bitter medicine necessary to tackle their debt woes. Thus, Greece has come to fit more and more the label of a banana republic, yet is popularly described as a "developed, european country".

Here is video detailing events that are happening in Keratea, a city of 15,000 close to Athens. 

Even larger and more disastrous are these clashes that took place in Athens last year(Athens the capital city of Greece)

We can only hope that our elected public officials can turn our country around from the horrible policies that resulted in these events transpiring in Greece. As of now, they have not. Our Treasury Department is expected to issue 99,000,000,000 dollars in new debt next week. 

For more in depth coverage regarding Keratea, Greece and our US debt dynamics here are two links...

http://www.zerohedge.com/article/meet-keratea-greeces-war-zone

http://www.zerohedge.com/article/treasury-hopes-auction-99-billion-bonds-next-week-can-it

It's Getting Serious

The speed and rapidity at which the United States dollar is breaking down is startling. It is with great sadness that I write this post. The dollar is crumbling and everything that we pay for is going to get very expensive. Everyday items that we take for granted are about to become precious. Splurges like going to the movies, taking a trip to the theme park are about to become almost out of reach for millions of Americans who could easily afford it only yesterday. It's getting serious and these foreboding things that I speak of I believe, Lord willing, could unfold over the next 12 months. PROTECT YOURSELVES NOW! PROTECT YOURSELVES NOW PLEASE!  Today, has seen a monumental drop in the dollar!!! Here is a chart of the United States dollar....

Here is a shorter time frame chart of the dollar over the last two weeks...

The dollar has broke down, guess what has gone UP...

Oil UP 2.72% today at $111.00 per barrel

Rice is UP 2.19% today 

Wheat is UP 1.58% today at $8.35 per bushel

Silver is UP 2.66% today at $45.10 per ounce

Friends everything is going up, please do not wait 12 months from now to prepare, because by then it very well could be too late. 

More later today friends if the Lord is willing

P.S. The charts in this post are from Turd Ferguson, a fellow investor friend who is trying to help everyone prepare for the financial collapse that we are being hurled into. I encourage to visit his website, its free and invaluable from a preparation perspective. www.tfmetalsreport.blogspot.com

Housing Completions Hit New All Time Low

The housing market continues to tread water in yet another sign that the "robust recovery" we have been in since June of 2009 is not all its cracked up to be. Our Treasury Department will continue to issue more debt and our Federal Reserve will continue to print money out of thin air until these charts turn around. To do this will be highly inflationary. Friends, protect yourselves!

Some Midday Humor