Thursday, June 7, 2012

Evening Update:

Gold Rush Possible In Southern Israel

First it was oil, then natural gas, now a group believes it has found a commercially-viable concentration of gold in Israel. A few weeks ago, Gulliver Energy Ltd. officially applied for a gold exploration permit in the mountainous area surrounding the southern Israel resort town of Eilat.

Chaired by former Mossad chief Meir Dagan, Gulliver believes, according to past drillings, that the area contains a reasonable amount of gold in concentrations of 3-4 grams per ton. Of course, the company would also expect to find large quantities of other precious metals, like copper. The mountainous regions of southern Israel were famous for their copper mines during Israel's biblical period.

Gulliver has teamed up with Northwood Exploration of Australia to explore the 43 square kilometer (16.6 square mile) area covered by their permit.

Interestingly, as Israel continues to do so well economically, not so much for the rest of the world:

"Massive Wealth Destruction Coming, Well-To-Do May Lose 50%

The critical question over the next decade isn’t “where will my returns be highest?” but “where will I lose the least money?”

That, according to economist and investor Marc Faber, is the scenario facing investors today.

As the author of the Gloom, Boom, and Doom Report, Marc Faber is a well-known contrarian, earning celebrity status because of his ominous predictions.

Faber stated, “I think somewhere down the line we will have a massive wealth destruction. That usually happens either through very high inflation or through social unrest or through war or credit-market collapse.”

“I would say that well-to-do people may lose up to 50 percent of their total wealth.”

Faber points out that this bleak outlook for the United States has been caused by Federal Reserve Chairman Ben Bernanke and the Federal Reserve’s continuous printing of new money.

While Faber’s prognostications are worrisome (especially for those who fall into the “well-to-do” category), they are hardly as alarming as the scenario laid out by another economist.

Without appearing on CNBC, earning celebrity status, or being known by a scary nickname, Robert Wiedemer did what Marc Faber couldn’t: He accurately predicted the economic collapse that almost sunk the United States.

The Fate Of Syria's Christian Minority

If the Western democracies succeed in toppling Assad—as they seem to intend—what will be the fate of these Christians? Have any of our State Department policy makers given any thought to this question?

Will these Christians who sheltered under Assad’s shaky regime be considered collaborators in his tortures and killings when he is toppled? Past experience suggests that this is exactly what will be their fate. The Copts in Egypt survived on the edge during thirty years of Mubarak’s authoritarian rule. Today, their churches are burned and they are shot down in the flames

The Muslim Brotherhood is rising in Egypt, Tunisia, Libya, Yemen, and throughout the Bloody Crescent.

Who may determine what is repugnantto Islam? The clerics do, of course. Which ones? The clerics with more guns, doubtless. In Kuwait, liberated in 1991 by American blood and treasure, it is now a death penalty offense to “blaspheme” against Islam.

Blaspheming Islam can include saying “Jesus is Lord.”

Drug-Resistant Gonorrhea Spreading Says World Health Organization

The World Health Organization is warning medical providers around the world about the potential spread of a drug-resistant form of gonorrhea, urging them to be vigilant in spotting the disease and taking steps to stop its spread.

The health agency plans to issue a "global action plan," hoping to raise awareness of the disease and encouraging research efforts to find a cure.

Cases of antibiotic-resistant gonorrhea have so far been identified in Japan, United Kingdom, Australia, France, Sweden and Norway, the AP reported, but it's likely that there are undetected cases in other countries.


Caver said...

Praying for ALL our Brothers and Sisters in Christ in these troubled lands. Suspect if you are a Believer over there, it isn't just a pew warmer. Its real.

Father, please send Your angles to protect these brave souls.In the name of Jesus Christ, Your Son. Amen

Scott said...

Well stated Caver - count me in on that prayer.
Such persecution will soon be worldwide. Sad but true.

Anonymous said...

I pray for all the christians that the Lord Our God will send his angels to protect them and watch over them. In the name of Yeshua the Messiah.. amen.

Anonymous said...

UPDATE >>>>>>>>>

Stocks are down slightly tonite
after being somewhat lower...they
have since RALLIED back.

It would appear that BULLS ARE NOT
done with their business. We have
more WORK to do on an A-B-C pattern
for a number 2 UP !!!!

I cannot say when that will be
consummated. We will know soon
enough. But PROBABLY sometime
next week we are looking at the
2 UP being finished.

3 down will follow. and judging
from what I see, that will be a
NIGHTMARE for bulls.....when it
finally comes.

Rapture during the coming 3 down ??
it's possible.........I cannot
rule that out...since 3 downs
are powerful waves.

when EWI is looking for that 3 down
to start I will update asap.

Stephen >>>>>>>>>>>>>>>

mary said...

for all our brothers and sisters who are being persecuted, I pray that God will give you the strength to remain faithful to Him.May you find comfort knowing that many of your bothers and sisters "in Christ" are praying for you daily.

BWest said...

In line with the story above referencing Robert Wiedemer, I'm reading his updated version of "Aftershock" and highly recommend it for those who haven't already read it.

It makes a lot of sense about what actually happened in 2008 and what's very likely coming down the road economically.

There's also a very interesting statement (at least to a prophecy watcher) on pages 35 and 36:

"While it may seem chaotic and unpredictable, not all this change (to the economic system) will be entirely random but will happen as part of a much bigger movement of ongoing economic evolution that will be the subject of a later book. That evolution will eventually involve some very effective solutions for the economy's problems that would be politically impossible to implement today."

As Scott often points out, Big Crisis=Big Change, and I don't think that crisis/change is going to be confined to Europe.

God bless.