Thoughts on Markets

Saturday, October 25, 2008

News From Abroad

These articles are testimony to the falling level of trust in the U. S. Dollar and Government. This is a growing trend which further threatens our financial security. As the dollar goes, so goes the U. S. government and we, as taxpayers.

From Barron's:

FRIDAY, OCTOBER 24, 2008
UP AND DOWN WALL STREET DAILY

Taiwan Dumps Fannie,


Freddie And Uncle Sam?

By RANDALL W. FORSYTH

Despite bailout, GSE debt is eschewed

by major foreign investor, and ally.

Entire article HERE

From Reuters:

U.S. has plundered world wealth with dlr -China paper


Fri Oct 24, 2008 1:59am EDT

BEIJING, Oct 24 (Reuters) - The United States has plundered global wealth by exploiting the dollar's dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.

Entire Article HERE

From The Moscow Times:

Putin Warns Against Dollar Buying

23 October 2008Prime Minister Vladimir Putin warned against buying dollars Wednesday as the ruble fell to its lowest level in two years against the currency.

Entire Article HERE

Tomorrow is the Lord's Day and He has made it a time for corporate worship by His people. In fact, it is so for all people whether they believe it or not. It is a very special day for His people, because on the first day of the week the Lord Jesus Christ was raised from the dead by His Father after Christ had paid the price for the sins of every last one of His people.

Jesus said that those the Father had given Him, He would in no way cast them out. He promised to love and protect them in this life and the one thereafter. Repent, be baptized and become one of His. The blessings abound and this is the only way to escape the wrath of God after the Great White Throne of Judgment before which every person will stand. Christ will stand with His, but no one will stand beside the unbeliever before the Great and Final Judge.

Best to each, Doug



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