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The End of MWM

Greetings all,

Letting everyone know that after somewhere around 28 years, when our annual hosting expires on 08/24/2025, Millennium Weekend Ministries we will not be renewing. Lack of interest for the past many years makes it clear to Esther and me that it does not make any sense to continue to keep the site running.

Many thanks to the handful of folks that have stuck it out with us. Perhaps very soon we shall all meet when we hear the glorious voice of our Savior calling us home to the Father's house. Certainly any who have placed their faith in Jesus Christ alone for their salvation, repenting with a "broken and contrite heart" (Ps 34:18 and 51:17) will find mercy and will indeed be caught up together to meet our Savior in the air.

What a glorious day that will be.

In Christ alone,
Andy
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Morgan Stanley - Full US Recession Alert

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  • #16
    Re: Morgan Stanley - Full US Recession Alert

    Look at the year 2000 on the chart here.

    Also note the ramp up starting around 1971-72 when Mr. Nixon took the US all the way off of the gold standard and threw the US totally into a fiat system.

    Issachar
    The church is on Earth to save souls from a lost world, not to save the world from lost souls.

    Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

    I saw ten thousand talkers whose tongues were all broken - dylan

    Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

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    • #17
      Re: Morgan Stanley - Full US Recession Alert

      Originally posted by DUB & EVE View Post
      Was there a national debt when Bill Clinton left office?
      Yes, approximately $6 Trillion. By budget cuts, it resulted in a surplus in the fiscal years 1999 and 2000.

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      • #18
        Re: Morgan Stanley - Full US Recession Alert

        That is why the budget "surplus" is such a joke.
        Yes, but then you weren't accruing add'l wild spending debt that was caused by exceeding revenues. Just like your checking account would work. Only the interest, which is where you have to start anyways. This start of fiscal responsibility was good for the dollar too.

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        • #19
          Re: Morgan Stanley - Full US Recession Alert

          Don't worry, we have lots of options for the US Government no matter how big the debt grows, here are three of the options:

          1. Levy (more) taxes
          2. Refinance by further borrowing
          3. Monetize by issuing more currency (which typically results in hyperinflation).

          FYI
          From Wikipedia: Four signs that an economy may be in hyperinflation:

          1. The general population prefers to keep its wealth in non-monetary assets or in a relatively stable foreign currency. Amounts of local currency held are immediately invested to maintain purchasing power.

          2. The general population regards monetary amounts not in terms of the local currency but in terms of a relatively stable foreign currency. Prices may be quoted in that foreign currency.

          3. Sales and purchases on credit take place at prices that compensate for the expected loss of purchasing power during the credit period, even if the period is short.

          4. Interest rates, wages and prices are linked to a price index and the cumulative inflation rate over three years approaches, or exceeds, 100%.

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