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11/23/2024 - Russia’s hypersonic missile attack on Dnipro two days ago was originally reported to be from... Read More
11/22/2024 - Yesterday the new Prophetic Year began. It began later than usual. Normally, it begins within the... Read More
11/21/2024 - David was a man of war; Solomon was a man of peace. David was allowed to make preparations for the... Read More
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View Full Tract ListSteve Quayle has posted a "financial alert" today. It is a short interview with an international banker who is a friend of his. It gives us a few things to watch, including a likely scenario in regard to the price of silver and gold. Probably the most important item is to know that it is not a good idea for the average person to purchase gold or silver futures, which are paper contracts. It is best to purchase actual silver coins or "rounds."
http://www.stevequayle.com/News.alert/12_Money/120607.financial.alert.html
Watch for the collapse of the Euro. This banker says that it will take about 2 weeks for that event to "lay bare the dollar deception." Further, he says,
"At this point all (interest rate swaps) will cease, derivative swaps will implode and the truth of US dollar safe harbor will go up in flames."
At that point, he says, the price of gold and silver will be frozen while the big investors are given whatever gold and silver are to be found in the ETF vaults. There will not be enough gold or silver in those vaults to pay off the big investors, much less the little guys, because there are far more paper contracts than physical silver and gold to pay up. Silver is particularly in short supply.
After all the physical supplies have been given to the big investors, everyone else will be told that there is no silver in the vaults, the company is bankrupt, and the little guys are left holding pieces of worthless paper, while the actual price of silver then will hit the moon.
He believes that this will happen within 6 months, and that this will also end the price manipulation of gold and silver.
"Western fractional reserve banking is finished. Look for manipulation end in 6 months."
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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