Glenn Beck Show:"Get out of US Markets"

[MerryInOKC]

Glenn Beck had some "expert" on today's show that says if you have a 401k you should get out of US Funds and put it in International Funds. He said the International Funds will take a hit but not as bad as the US Funds.

What do you think? We retire in 3 years and can't afford to lose ANY money...which as of today our 401k lost $1800 already.:faint

Thanks to any that have an opinion.:wave

[Victor]

Craziness....

My dad I think has got a lot in 401k and Pension and stuff, and he was in Int'l stuff I think last year. I hope he didn't go back into USA stocks.

I don't know what to say to you.

I used to work at The Vanguard Group in Valley Forge PA, back in 1995 - At that time I think they were the Second largest Investment Company or Mutual Fund Company behind Fidelity I guess in The USA.

Todd seems to have a pretty good understanding of Economic stuff. I'll tell you, his Nearing Midnight Commentary Today might be right on, in why Armageddon takes place in The Valley of Megiddo - Oil.

God says He will draw all Nations to The Valley of Megiddo, to plead with them for his people Israel. Well it could be that The Lord will use Oil to draw all Nations to Megiddo.

Oil at $111 a Barrell is fully unprecedented I would say, and if it keeps increasing, Craziness is all I can think of.

Islam getting all that Money from Oil is definetly intriguing.

There is a pretty good financial guy who talks over in Omega Letter's Forum, and he's been talking about this like Ribby? Finance, where maybe Islamic Banks? will fund U.S. Mortgages? In essence like possibly holding Islam over our heads?

Who Knows, but one thing is for certain - with all the money flowing into the Islamic States because of Oil, a dynamic shift of money is certainly a possibility.

Oil is pegged or priced/measured to the U.S. Dollar I believe. When Saudi Arabia and others decide to abandon Oil/Dollars to maybe Oil/Euros - more craziness will most likely abound.

This seems like total Apocalyptic/Book of Revelation type of stuff, where a days wages will buy a days worth of food.

A Total WorldWide Financial Crash I think is going to happen because of the Rider on the Black Horse who has scales in his hands saying a dinerous (day's wages) for a quart of wheat.

Might that day be getting nearer? If Oil climbs to the higher $100's and gets to the $200's - Armageddon might just start to take on real meaning.

As far as abandoning U.S. Stocks, I wouldn't panic.

But I'll tell you with the Euro at maybe $1.46 to the U.S. Dollar - I would seriously be thinking like what is up.

And if Oil changes from the Dollar - I would maybe start buying Gold/Silver/Platinum or something.

Commodities believe it or not, might start being a big factor if we are getting close to the Rapture.

All Commodities investors might start making mega amounts of money before it all collapses to the Mark I would maybe say.

I have to go to the book of Revelation to read about the Economic Situation at the end - Does it maybe collapse when the Anti-Christ takes over at the Mid-point ot the Trib when his partner makes everyone take the Mark.

But it seems the World Economy will collapse at any rate because of The Rider on the Black Horse.

--------

As far as the current market and stuff, my 2 cents is I don't care too much becuase I don't have any money - Lol's :) I turned my full attention to God maybe 10Years ago and haven't made money any type of priority to seek.

I'd like to have some Money - Lol's - My Brother and Dad have kind of a lot of money - But they need God.

If you are a Christian and have lots of money, consider yourself blessed and send me some money - Lol's :) only kidding :)

Maranatha!

Vic :)

[Cindy S.]

If you are going to retire in 3 years, I think you should get out of the stock market and put your $$ in something secure.

Listen to Dave Ramsey or try to put in a call to his radio show. He's real good!

[Bernardd]

Not sure if you've heard of Ben Stein. (Bueller, Bueller....)
You might be interested in his comments:

The problem is that even irrational fear can have real consequences, and can indeed cause a serious recession -- even if the actual losses in mortgages aren't large enough to cause one by themselves. In fact, that's what's happening right now.
http://finance.yahoo.com/expert/article/yourlife/71740

Be sure to read the comments just below his article. Those are usually the best source of info since they support and attack the arguments.

[Glory]

Craziness....

My dad I think has got a lot in 401k and Pension and stuff, and he was in Int'l stuff I think last year. I hope he didn't go back into USA stocks.

I don't know what to say to you.

I used to work at The Vanguard Group in Valley Forge PA, back in 1995 - At that time I think they were the Second largest Investment Company or Mutual Fund Company behind Fidelity I guess in The USA.

Todd seems to have a pretty good understanding of Economic stuff. I'll tell you, his Nearing Midnight Commentary Today might be right on, in why Armageddon takes place in The Valley of Megiddo - Oil.

God says He will draw all Nations to The Valley of Megiddo, to plead with them for his people Israel. Well it could be that The Lord will use Oil to draw all Nations to Megiddo.

Oil at $111 a Barrell is fully unprecedented I would say, and if it keeps increasing, Craziness is all I can think of.

Islam getting all that Money from Oil is definetly intriguing.

There is a pretty good financial guy who talks over in Omega Letter's Forum, and he's been talking about this like Ribby? Finance, where maybe Islamic Banks? will fund U.S. Mortgages? In essence like possibly holding Islam over our heads?

Who Knows, but one thing is for certain - with all the money flowing into the Islamic States because of Oil, a dynamic shift of money is certainly a possibility.

Oil is pegged or priced/measured to the U.S. Dollar I believe. When Saudi Arabia and others decide to abandon Oil/Dollars to maybe Oil/Euros - more craziness will most likely abound.

This seems like total Apocalyptic/Book of Revelation type of stuff, where a days wages will buy a days worth of food.

A Total WorldWide Financial Crash I think is going to happen because of the Rider on the Black Horse who has scales in his hands saying a dinerous (day's wages) for a quart of wheat.

Might that day be getting nearer? If Oil climbs to the higher $100's and gets to the $200's - Armageddon might just start to take on real meaning.

As far as abandoning U.S. Stocks, I wouldn't panic.

But I'll tell you with the Euro at maybe $1.46 to the U.S. Dollar - I would seriously be thinking like what is up.

And if Oil changes from the Dollar - I would maybe start buying Gold/Silver/Platinum or something.

Commodities believe it or not, might start being a big factor if we are getting close to the Rapture.

All Commodities investors might start making mega amounts of money before it all collapses to the Mark I would maybe say.

I have to go to the book of Revelation to read about the Economic Situation at the end - Does it maybe collapse when the Anti-Christ takes over at the Mid-point ot the Trib when his partner makes everyone take the Mark.

But it seems the World Economy will collapse at any rate because of The Rider on the Black Horse.

--------

As far as the current market and stuff, my 2 cents is I don't care too much becuase I don't have any money - Lol's :) I turned my full attention to God maybe 10Years ago and haven't made money any type of priority to seek.

I'd like to have some Money - Lol's - My Brother and Dad have kind of a lot of money - But they need God.

If you are a Christian and have lots of money, consider yourself blessed and send me some money - Lol's :) only kidding :)

Maranatha!

Vic :)

Vic, I agree. I think the first of those 4 horsemen are about to ride!

I don't have money either, or I'd send it your way.:aha
You are such a bright light dear brother! Why can't my 2 young daughter's find nice young men like you?:idunno

[can4christ]

Glenn Beck had some "expert" on today's show that says if you have a 401k you should get out of US Funds and put it in International Funds. He said the International Funds will take a hit but not as bad as the US Funds.

What do you think? We retire in 3 years and can't afford to lose ANY money...which as of today our 401k lost $1800 already.:faint

Thanks to any that have an opinion.:wave


I would look into moving it to a precious metals fund and some commodities.

[MerryInOKC]

Thank you all for your comments and suggestions. I emailed my sister's husband because he's big in keeping up with the stock market. He gave me some good ideas about how to move our money into different funds in the Vanguard Funds that would be more safe than where we have it now. He said not to panic...that there will always be ups and downs and it always comes back...it's just the timing I worry about. I just praise God he allowed us to pay off our mortgage in 1997 and got out of credit card debt several years ago when we started listening to Dave Ramsey. That's a good idea to call in to him....but my brain goes dead/blank/MIA when I'm put on the spot so that won't work...but I will start listening to him again to see if anyone else brings the subject up! ;)