Wikinvest Wire

Where do you go from here?

Wednesday, October 08, 2008

You have to wonder what's going through the minds of central bankers around the world these days as their remedies do not seem to be having the desired effect.
IMAGEU.S. markets are bravely trying to lead an advance out of the morass, but conviction is lacking (that is, with the exception of the gold market and mining stocks).

The report in the Telegraph from which the picture above was culled tells of the difficulty encountered across the pond after bold announcements from the government.

After a volatile day of trading, stock prices ended the day markedly lower in the U.K., the FTSE recovering almost two percent from its lows but still managing to lose another five percent on the day.

Apparently, the men above would be better advised to look upward rather than horizontally as, just the other day, Pope Benedict noted the world financial system is "built on sand" and that only the works of God have "solid reality".

Of course, gold bugs will surely interpret this to be a call hard money which, after reading the full report, is really not much of a stretch.

''We are now seeing, in the collapse of major banks, that money vanishes, it is nothing. All these things that appear to be real are in fact secondary. Only God's words are a solid reality''.

He was referring to Jesus's words in Matthew Chapter 7, beginning "Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves."

Jesus adds: "Whosoever heareth these sayings of mine, and doeth them, I will liken him unto a wise man, which built his house upon a rock …but everyone that heareth these sayings of mine, and doeth them not, shall be likened unto a foolish man, which built his house upon the sand.”
As if central bankers and Wall Street types don't have enough to worry about, they have one more thing to add to their list - "the Wrath of God".

AddThis Social Bookmark Button


Anonymous said...

where do we go from here? simple.
The blades are rotoring up.
the presses are running full tilt
in the basement of the Treasury.
Foreign CB's are doing the same.

We WILL get a market for all the
trash out there on the books soon.

At present, we are at or near an
intermeidate bottom. Some
companies are now being otssed out
like old bathwater. The pickings
are getting quite good.

fish said...

Apparently prayer seems to be on the agenda.

d said...

prayer is what got us here in the first place.

Anonymous said...

so now we get wings -- helicopter wings!

Christine said...

I don't think it is so much the wrath of God as it is the part that goes "As you sow, so shall you reap".

  © Blogger template Newspaper by 2008

Back to TOP