So you haven't told us what are these signals you are writing about. hyperinflation is apart of life of the business cycle. The ups and downs and maybe it could be the J curve just stuck in the middle of the rise of interest rises. Hitler would have blamed the Jews again but it is global warming one other signal.
2007-11-16 02:46:34
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answer #1
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answered by Drop short and duck 7
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Well I am not sure what you are talking about- but here is what we have been told by our leaders.
They have been advising us for as long as I can remember to get out of debt and stay out. The only things that we should go into debt for are major items that we need and there is no possible way to pay cash for them like homes, cars and schooling. They advise us to be cautious when entering into even these debts and to make sure that we will have the means to pay them back. Homes and cars should be modest, fit our needs and within our means. Other types of debt we are strongly advised to stay out of.
In addition, we are advised to put money aside and have several months reserve saved so that we can survive if we loose our job of have an emergency where we can't work. We are also advised to maintain a storage of food and supplies that will last a year. This will get us through personal hardships as well as any other major disaster that occurs.
In short, we have been advised by our leaders to be frugal, live within our means, stay out of unnecessary debt, and prepare for future and for emergency's so that we will be able to care for our families.
We don't need them to tell us that some major event will happen, they have already told us to be prepared, those who are following their council will have very little to worry about.
2007-11-16 04:21:16
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answer #2
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answered by Anonymous
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The coming storm? This reminds me of a talk that President Hinckley gave in 1998, in which he said, "There is a portent of stormy weather ahead to which we had better give heed." He was referring to financial matters. In addition, the leaders of the Church have ALWAYS encouraged us to prepare for financial difficulty. I don't think they have been silent on this matter at all.
2007-11-16 13:07:35
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answer #3
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answered by all star 4
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Hyperinflation? Why do I need the church to tell me about that? You need to get a life and a job
2007-11-16 06:10:05
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answer #4
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answered by Brother G 6
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Mormon leaders have always warned their members..They were told years ago to have a 2 year supply of food...They know the end is coming.
2007-11-16 02:47:07
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answer #5
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answered by Anonymous
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Are you deaf? The Church has been teaching people to save money and be self reliant for YEARS now. Maybe you need to reread your Conference Report.
2007-11-16 08:28:57
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answer #6
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answered by Fishgutts 4
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Apparently you have not been listening. I hear warnings every single General Conference of the Church.
2007-11-16 04:04:02
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answer #7
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answered by Kerry 7
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Probably because Latter-day Saints have been advised for decades to get out of debt and only go into debt where absolutely necessary...
2007-11-16 02:48:31
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answer #8
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answered by strplng warrior mom 6
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Ummmmm..
Stay out of debt
Have a year supply of food
Ring any bells?
D
2007-11-19 05:50:55
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answer #9
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answered by Dionysus 5
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We have been advised. Maybe you just don't pay attention.
2007-11-16 03:17:18
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answer #10
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answered by plastik punk -Bottom Contributor 6
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