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Written by Steve Meyers   
Wednesday, 25 August 2010 15:45

 

 
 
Acts 1:6-8 Therefore, when they had come together, they asked Him, saying, "Lord, will You at this time restore the kingdom to Israel?" And He said to them, "It is not for you to know times or seasons which the Father has put in His own power. But you shall receive power when the Holy Spirit has come upon you; and you shall be witnesses unto Me in Jerusalem, and in all Judea and Samaria, and to the end of the earth."

I love this passage of scripture. If you can imagine the disciples on this day -- they had gone through a roller coaster ride of emotions over the past 50 days. They had seen their Lord crucified. And then had gone into hiding ... until they discovered in amazement, He was alive! Just over 7 weeks had transpired and they were now watching Yeshua (Jesus) departing Earth and returning to His Father. The disciples were understandably unsure what was next, and so they asked a very reasonable question -- "Lord, will you at this time restore the Kingdom to Israel?"

Notice that Yeshua did not answer the question directly or give them the details they were expecting. He merely said, "It is not for you to know the times or the seasons...." But then He set His own precedent and called them to be Holy Spirit empowered witnesses for Him and His Kingdom.

Friend, we don’t know the exact timing of His return and the coming of His Kingdom either, but just as those disciples were, we also are called to receive the power of the Holy Spirit and be His witnesses. We must seek the fullness of His Spirit, become empowered, and eagerly participate in this great end time mission, a harvest that likely will dwarf all that has gone before, and be part of a rich welcome for our glorious and awesome God!

 

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SteveG  - SteveM-A question about shorting the $$ |2010-08-25 16:25:15
Steve, I heard you say this AM that THE big opportunity will be shorting the dollar. I am trying to understand how you could benefit from that if your short (ETF) is denominated in dollars.

Would you just try to find a 2X-3X inverse ETF and assume that it will produce dollars faster than the drop in dollar value.

Please enlighten me...
Ron Rebner |2010-08-25 17:06:28
SteveG Please let Steve M answer, as he is the smart one, but I know he will use futures contracts which are very highly leveraged and much more than any ultra etf. By the way, I'm not sure there is an ultra etf for shorting the dollar. The UDN is 1 to 1. Good luck.
SteveM |2010-08-25 17:14:59
Yes anything with leverage should outpace the decline.
Ron Rebner |2010-08-25 16:38:07
Volume was decent and close to yesterday's with 1.1 billion on the NYSE and 2.0 billion on the NASDAQ. Advancers to decliners was about 1.5 to 1 but better on volume.
Deac Heath  - Confusion on food, gold, silver, water and NO CASH |2010-08-25 16:56:16
Steve: What do you mean by being out of the dolllar? My inverse ETF will be in dollars. My debts are in dollars and must be paid back in dollars. How nice it will be to exchange a few gold coins into a truck load of dollars to pay off all my debt. Am I on the wrong track here? Please explain! Thanks for all you do!
SteveM |2010-08-25 17:13:32
Gold and silver will be a great hedge against a decline in the $. Silver could go up 500% so it is possible to pay off debts with weaker dollars unless they change the rules of the game somehow.
SteveM |2010-08-25 17:11:35
First of all, a person needs to be prepared with food, water, meds, gold, silver cash etc before speculating on the decline in the dollar. Anything with leverage should out pace the dollar's decline. My plan is to use funds I can afford to lose and sell dollar futures. The leverage is great and profits can be taken out of the trade immediately and converted into something tangible.
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Last Updated on Wednesday, 25 August 2010 15:46
 

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