Silver Surplus?

[webmaster]

Subject:Silver Surplus?
By: Theodore Butler

Overview: The release of the Silver Institute’s Annual World Survey has resulted in a rash of stories suggesting a large surplus of silver. According to the story, if it was not for record investment demand, the price of silver would have declined because of the surplus. As you probably know, analyzing the specifics of supply and demand is exactly what I do, so I am going to present the specifics as I see them.

Link: http://news.silverseek.com/TedButler/1242674918.php

[Rich Vermillion]

It amazes me sometimes how often these bearish reports gloss over the facts, and twist them to suit their writer's dubious agendas. They, of course, also violate the clear principles of righteousness when they skew the facts to suit their own self-serving cause: "You shall do no injustice in judgment, in measurement of length, weight, or volume." (Leviticus 19:35) Thank you Mr. Butler again for cutting through the smoke and mirrors, and giving us some clear facts...and even using their own data to do so!

Regardless of their efforts, those who intend to profit from surreptitiously manipulating the silver/gold prices will eventually meet their match as the market forces overtake their schemes: "Diverse weights and diverse measures, they are both alike, an abomination to the LORD." (Proverbs 20:10)

In the light of all the above, let every silver/gold investor be encouraged by the Lord's promise: "The exercise of justice is joy for the righteous, but is terror to the workers of iniquity." (Proverbs 21:15) Judgement day is surely coming for the fraudulent, but pay day for those who are well-positioned in sound money (i.e. gold/silver). It is only a matter of time, as Mr. Butler, myself, and many others, have often stated. And quite frankly, I do not think it will be very long in coming at this point...

-Rev. Rich Vermillion

[prahudka]

Originally Posted by Rich Vermillion

It amazes me sometimes how often these bearish reports gloss over the facts, and twist them to suit their writer's dubious agendas. They, of course, also violate the clear principles of righteousness when they skew the facts to suit their own self-serving cause: "You shall do no injustice in judgment, in measurement of length, weight, or volume." (Leviticus 19:35) Thank you Mr. Butler again for cutting through the smoke and mirrors, and giving us some clear facts...and even using their own data to do so!

Regardless of their efforts, those who intend to profit from surreptitiously manipulating the silver/gold prices will eventually meet their match as the market forces overtake their schemes: "Diverse weights and diverse measures, they are both alike, an abomination to the LORD." (Proverbs 20:10)

In the light of all the above, let every silver/gold investor be encouraged by the Lord's promise: "The exercise of justice is joy for the righteous, but is terror to the workers of iniquity." (Proverbs 21:15) Judgement day is surely coming for the fraudulent, but pay day for those who are well-positioned in sound money (i.e. gold/silver). It is only a matter of time, as Mr. Butler, myself, and many others, have often stated. And quite frankly, I do not think it will be very long in coming at this point...

-Rev. Rich Vermillion

Isn't amazing that Jesus became violent (putting aside Jericho, Sodom, etc) one time -- with the money changers? What is the most specific and detailed prophecy in the Bible? That which deals with global fiat money (the mark) and the government of those who impose it. And we know how that ends.

[Rich Vermillion]

Originally Posted by prahudka

Isn't amazing that Jesus became violent (putting aside Jericho, Sodom, etc) one time -- with the money changers? What is the most specific and detailed prophecy in the Bible? That which deals with global fiat money (the mark) and the government of those who impose it. And we know how that ends.

Interestingly, the word generally translated "money changers" in three of those four passages where Jesus kicks out the folks in the temple is actually better translated "money clippers" from the original Greek in which the NT was written (Strong's# 2855). Thayer's Lexicon says, "a small coin, clipped; rate of exchange, premium..." and Holman's Bible Dictionary says that the term "referred to the exchange rate or commission."

The "fee" which was charged was 12 grains of silver (Holman's) to convert debased and pagan Roman coins to the purer Tyrian drachma (as a substitute for the half-shekel) for the annual temple tax. That coin was about 65-70 grains, which would make the premium for exchange at about 18%. So THAT is what infuriated Jesus... in addition to the high prices for the "approved" sacrificial animals being sold there. In other words, Jesus was for a free market in both worship as well as general commerce; but against officially sanctioned monopolies that exploited God's people. I plan to write on this topic later in an upcoming (and free) eBook that will be offered off my blog and elsewhere.

On the "mark of the beast" topic: It will likely be an implanted micro-chip system, that eliminates printed currency and coinage. Given the "SDR" talk of the global system nowadays, it might even be gold-based in pretense (copying GoldMoney's idea), but since nobody sees the gold you can guess how honest that system will be.

Lastly, you will be happy to know that, according to the Bible, the anti-Christ does NOT get the entire planet for his control OR his bizarre monetary system. He (and his evil cronies) get just the approximate "footprint" of the former Roman Empire. However, this topic I have already expounded upon on my blog in this article, so I will refrain from doing so at length here.

My apologies to Mr. Butler for writing so much in this post on his discussion thread. I want to be polite in the use of other's internet resources, so I am cutting this short. Nevertheless, I did not want to miss an opportunity to reply to the sincere question posed to me at least in some measure.

In Jesus,

-Rev. Rich Vermillion

[Paul]

I had posed a question about this very same subject (silver surplus). I'm very happy that Ted has made his thoughts known about this. Very rational reading.