Peace Posted September 21, 2008 Share Posted September 21, 2008 George Green, former Investment Banker (Registered Financial Principal with the NASD) makes no bones about what is going on with the American economy today. http://video.google.com/videoplay?docid=6456567534341306261 I can't help but think of this phrase found in Last Day Events p134 which states: "National apostacy will speedily be followed by national ruin". With this in mind, I personally know of some Adventists who have just recently moved out into the country where there are no modern conveniences so that they may prepare for the last days. Some are withdrawing money from the banks. Others are selling out and buying gold bricks. If George Green is to be taken seriously, what would you do? Do you see the Sunday Law looming ominously in the horizon? Quote Link to comment Share on other sites More sharing options...
Dr. Shane Posted September 21, 2008 Share Posted September 21, 2008 The price of gold is very high right now. I am not buying gold. I am buying stocks. Tomorrow I will be making my monthly stock purchases (I wish the market would have waited a week to recover). I am buying stock in Wal-Mart, Phizer, Exxon/Mobil, Microsoft and General Electric. Quote Pastoral Family Counselor... Find me at www.PostumCafe.com Author of Peculiar Christianity Link to comment Share on other sites More sharing options...
Amelia Posted September 21, 2008 Share Posted September 21, 2008 How have your stocks been doing Shane? Quote <p><span style="color:#0000FF;"><span style="font-weight:bold;"><span style="font-style:italic;">"Do not use harmful words, but only helpful words, the kind that build up and provide what is needed, so that what you say will do good to those who hear you."</span></span> Eph 4:29</span><br><br><img src="http://banners.wunderground.com/weathersticker/gizmotimetemp_both/US/OR/Fairview.gif" alt="Fairview.gif"> Fairview Or</p> Link to comment Share on other sites More sharing options...
Dr. Shane Posted September 21, 2008 Share Posted September 21, 2008 I am 10% down last I checked. Of course I don't plan on selling them for another 25 years so they have some time to grow. Quote Pastoral Family Counselor... Find me at www.PostumCafe.com Author of Peculiar Christianity Link to comment Share on other sites More sharing options...
Amelia Posted September 21, 2008 Share Posted September 21, 2008 You have done better than I then. And I don't see myself being able to retire at a "normal" age. Quote <p><span style="color:#0000FF;"><span style="font-weight:bold;"><span style="font-style:italic;">"Do not use harmful words, but only helpful words, the kind that build up and provide what is needed, so that what you say will do good to those who hear you."</span></span> Eph 4:29</span><br><br><img src="http://banners.wunderground.com/weathersticker/gizmotimetemp_both/US/OR/Fairview.gif" alt="Fairview.gif"> Fairview Or</p> Link to comment Share on other sites More sharing options...
carolaa Posted September 21, 2008 Share Posted September 21, 2008 I thought the video was quite interesting, especially considering it was made almost a year ago and to see how already some of the things have happened and are happening. I don't know if it's all true or not, but it's something to think about. Quote Link to comment Share on other sites More sharing options...
jasd Posted September 21, 2008 Share Posted September 21, 2008 QR frame: There is a man with gold and there is a man with a gun. They meet and one walks away with both gold and gun. Which one has both? --Kurt Saxon Besides, one cannot eat gold. Seriously, if the money fails... shortly afterwards, whatever govt is around will be looking to confiscate any gold (or even the smell of gold) - probably by labeling gold contraband with those possessing any - subject to capital termination; both financially and biologically :-o Holy Writ states that the time will come when men will throw their silver into the streets. The question obtaining would be: what conditions first prevail that persuade men to acquire silver - that they would, thereafter, have it to throw into the streets? Anyway, .9999 silver may be desirable for the making of colloidal silver - either the next generation antibiotics or the next generation of snake oil. I'd opt that it may prove to be efficacious. Peace: "...moved out into the country where there are no modern conveniences..." Should your idea of "modern conveniences" reference such as public transportation, cultural exchanges, Starbucks, etc - I can appreciate what you may be suggesting. However, should you be referring to living where there would be no available potable water, your 'septic' facilities would consist of a plank and a hole in the ground, etc - then I suggest that that is too far away from a support system and leaves such a person much too vulnerable to the depradations of two-legged animals. Quote Link to comment Share on other sites More sharing options...
Peace Posted September 21, 2008 Author Share Posted September 21, 2008 jasd, by modern conveniences in this case, I meant no electricity, i.e., no phone service, no computers, PG&E, no garbage service, no natural gas, etc. Quote Link to comment Share on other sites More sharing options...
carolaa Posted September 21, 2008 Share Posted September 21, 2008 Well, I've been doing a little checking on this George Green, because I'd never heard of him before. He is big into aliens, having talked to them, etc. I don't know that I would take what he says too seriously; on the other hand, I suppose Satan knows what the master plan is and can be a pretty good predictor of the future. But just wanted to let y'all know. He's got all kinds of videos on YouTube about his ET experiences. Quote Link to comment Share on other sites More sharing options...
fccool Posted September 22, 2008 Share Posted September 22, 2008 Gold is not the answer. Building interdependent communities is. Quote Link to comment Share on other sites More sharing options...
Amelia Posted September 22, 2008 Share Posted September 22, 2008 Compare the above video to this one. Quote <p><span style="color:#0000FF;"><span style="font-weight:bold;"><span style="font-style:italic;">"Do not use harmful words, but only helpful words, the kind that build up and provide what is needed, so that what you say will do good to those who hear you."</span></span> Eph 4:29</span><br><br><img src="http://banners.wunderground.com/weathersticker/gizmotimetemp_both/US/OR/Fairview.gif" alt="Fairview.gif"> Fairview Or</p> Link to comment Share on other sites More sharing options...
Peace Posted September 22, 2008 Author Share Posted September 22, 2008 All right. Let's put George Green aside since he's got other strange ideas. What do you think of the American economy today? Should the catastrophic collapse of one of the largest financial banks in the World, Lehman Brothers, be of any concern to us? Quote Link to comment Share on other sites More sharing options...
Moderators Gerr Posted September 22, 2008 Moderators Share Posted September 22, 2008 All right. Let's put George Green aside since he's got other strange ideas. What do you think of the American economy today? Should the catastrophic collapse of one of the largest financial banks in the World, Lehman Brothers, be of any concern to us? Only if I have a stake in the company. Otherwise I have little sympathy when a company goes up in smoke because of greed! Gerry Quote Link to comment Share on other sites More sharing options...
Dr. Shane Posted September 23, 2008 Share Posted September 23, 2008 You have done better than I then. And I don't see myself being able to retire at a "normal" age. Well I am diversified. I purchase some stocks through an online broker. Those are the ones I listed. I also have a life insurance policy that invests in stocks and appreciates depending upon how the market does. It is doing pretty well. I also have a 401K plan but I just got into that this past July and haven't gotten a statement on that yet. Quote Pastoral Family Counselor... Find me at www.PostumCafe.com Author of Peculiar Christianity Link to comment Share on other sites More sharing options...
Peace Posted September 23, 2008 Author Share Posted September 23, 2008 Would purchasing stocks be considered gambling? I suppose everything we do in life is a gamble anyway. Quote Link to comment Share on other sites More sharing options...
fccool Posted September 23, 2008 Share Posted September 23, 2008 The economic pitfall of Wall Street capitalism is the idea that you can make money by getting rich of someone else's borrowed capital. Any wealth that is based on such idea obviously has to get the excess capital from somewhere else. Where do you think such excess capital is coming from ? The hard working people at the bottom of course ! In the current system, for someone to gain... someone has to loose. And it will most likely be the people who pay the interest on the long term loans. Now we have a situation where the people at the bottom can not handle the interest payments to support the Wall street's money manipulation endeavors. So we have to pretend that we are not practicing Communism when we bail out these institutions. Quote Link to comment Share on other sites More sharing options...
Dr. Shane Posted September 25, 2008 Share Posted September 25, 2008 Investing and gambling are not the same thing. An investment actually produces a good or service. Gambling does not. Gambling revolves around a game. When a person invests in a company, the company actually produces goods or services. There are some companies that Christian would not want to invest in because of the goods and services they produce or business practices they engage in. Quote Pastoral Family Counselor... Find me at www.PostumCafe.com Author of Peculiar Christianity Link to comment Share on other sites More sharing options...
melvin mccarty Posted September 25, 2008 Share Posted September 25, 2008 If there were a mechanism to allow investment but not speculation it would be as simple as you say Shane. But there is no such control hence the problem. mel Quote Link to comment Share on other sites More sharing options...
Dr. Shane Posted September 25, 2008 Share Posted September 25, 2008 Every investment involves speculation. When a person buys a car or a house or even a new pair of jeans there is speculation involved. We can't get away from that. Quote Pastoral Family Counselor... Find me at www.PostumCafe.com Author of Peculiar Christianity Link to comment Share on other sites More sharing options...
melvin mccarty Posted September 27, 2008 Share Posted September 27, 2008 Trouble is the investors who are not happy with their dividends but are only in the game on the basis of fluctuating share value. There is a difference. mel Quote Link to comment Share on other sites More sharing options...
Dr. Shane Posted September 27, 2008 Share Posted September 27, 2008 It wasn't a bad week for me. I started out being 10% down on the value of my stocks and ended being 8% down. Quote Pastoral Family Counselor... Find me at www.PostumCafe.com Author of Peculiar Christianity Link to comment Share on other sites More sharing options...
melvin mccarty Posted September 28, 2008 Share Posted September 28, 2008 Exactly! so you are speculating on the stock exchange rather than investing. mel Quote Link to comment Share on other sites More sharing options...
Joe_in_RP Posted October 4, 2008 Share Posted October 4, 2008 I am investing my money in God's work. No moth or rust can attack it. The signs are all around us. I don't know how people can make plans for this world. Quote Link to comment Share on other sites More sharing options...
Dr. Shane Posted October 5, 2008 Share Posted October 5, 2008 Exactly! so you are speculating on the stock exchange rather than investing. mel Well, when I decide to fill up my tank with gasoline I am speculating that the price won't fall later in the day. Life is full of speculation. Yes, investing requires speculation. When we buy stock we are basically loaning a company our money. If the company does well the value increases. If the company doesn't do well, the stock decreases. There is nothing unChristian about investing in the market provided we are not investing in firms with immoral practices. There are Christian investing firms that invest in companies deemed as being acceptable. Quote Pastoral Family Counselor... Find me at www.PostumCafe.com Author of Peculiar Christianity Link to comment Share on other sites More sharing options...
Dottie Posted October 11, 2008 Share Posted October 11, 2008 I was planning actually, to sell some gold this week, but I couldn't find it. I called the gold dealer here in town and asked about selling gold, and he said it would have to be cleaned and weighted before he could give me a price. I wanted to get rid of it and put the money into our church's building fund. It was the fillings from my dad's teeth, which had been replaced with amalgam fillings long before his death. . . (Sorry) Quote Link to comment Share on other sites More sharing options...
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