[Arktwo] Are you watching this?
Bruce Beach
language@webpal.org
Fri, 28 Sep 2007 16:20:22 -0400
This is todays dollar index:
http://quotes.ino.com/chart/?s=NYBOT_DX&v=i
And this is the dollar index for the year.
http://quotes.ino.com/chart/?s=NYBOT_DX&v=d12
You can see today's activity on both of them.
I am sure that you have never seen anything
like that -
unless you lived in Germany a bit over
a half century ago.
If you are wondering why
this is happening -
the following may help explain it.
---------
WASHINGTON, Sept 27 (Reuters) -
With the U.S. government fast approaching
its current $8.965 trillion credit limit,
the Senate on Thursday
gave final congressional approval
of an $850 billion increase
in U.S. borrowing authority.
The Senate voted 53-42
to raise the debt ceiling
to $9.815 trillion,
the fifth increase in the U.S. credit limit
since President George W. Bush took office.
"We have no choice but to approve it.
(otherwise) the U.S. Treasury will default
for the first time in its history,"
said Senate Finance Committee Chairman...
"Plainly, especially in this credit crisis,
we cannot let that happen," (he) added.
Last week
Treasury Secretary Henry Paulson
said the government
would hit its current $8.965 trillion debt limit
on Oct. 1.
"Families across America
don't have the luxury
of loaning themselves any money
when they've maxed out their credit.
But that's what we're going to do," ...
U.S. debt stood at about $5.6 trillion
at the start of Bush's presidency.
-----------
Did you see that sudden straight dip for an hour
this morning on the stock market -
before the Plunge Protection Team
appears to have stepped in
and smoothed it back out.
And the other one just before closing -
but once again it was gotten back up -
so no big disruption for the weekend.
------------
Word is that the derivative roll-over
is going splendidly.
Don't ask me for an explanation.
I don't have one.
-------------
I regret to report
that our Maryland TEAM Leader
has passed on.
Second TEAM Leader within a month.
Nebraska TEAM Leader passed on earlier.
Both were extremely supportive of Ark Two -
and will be missed
along with a couple of other supporters
that we have lost recently.
It may be that the Lord is moving
deserving people
to a better place
so that they won't have to go through
what is coming.
If that is the case -
I expect a lot of you to be leaving soon.
May be the next best thing
to being raptured.
So, anyway, other than that Mrs. Lincoln,
it looks like we should have
a splendid weekend.
When we come back Monday -
the dollar
may be down another nickle
in the world
but other than that -
everything is just loverly,
my dear lady.
Peace and love,
Bruce
DawnSayer@webpal.org