Archive for September 2019
Danske Bank Executive At Center Of Massive Money-Laundering Scandal Found Dead, So They Say?
Greed refuses to be satisfied. More often than not, the more we get, the more we want. Material possessions will not protect us—in this life or eternally. Jesus’ parable of the rich fool in Luke 12:13–21 illustrates this point well. Again, money or wealth is not a problem. The problem is our attitude toward it. When we…
Read MoreFinancial Storm Clouds Gather
Greed and a desire for riches are traps that bring ruin and destruction. “The love of money is a root of all kinds of evil,” and Christians are warned, “Do not put your trust in wealth” (see 1 Timothy 6:9-10, 17-18). Covetousness, or having an excessive or greedy desire for more, is idolatry. Ephesians 5:5 says, “For of this…
Read MoreDenninger: Economic & Civil Calamity Possible
The Bible makes an even stronger statement about the love of money. What we have discussed thus far simply describes the horizontal level of the love of money. In other words, we have only mentioned how the love of money can lead one to commit greater sins against his fellow man. But the Bible makes…
Read MoreThese Are The Banks Where The Fed’s $1.4 Trillion In Reserves Are Parked, Big Trouble-Birth Pains
Over the past few days there has been much confusion over the repocalpyse that shook the overnight funding market, and just as much confusion over the definition of reserves which some banks were unwilling to part with, other banks were desperate for, and in the end both Powell and the former head of the NY Fed’s markets…
Read More‘Rogue’ Oil Trader Lost $320 Million On Wrong-Way Derivatives Bets
“Don’t let anyone deceive you in any way, for that day will not come until the rebellion occurs and the man of lawlessness is revealed, the man doomed to destruction. He will oppose and will exalt himself over everything that is called God or is worshiped, so that he sets himself up in God’s temple,…
Read MoreSchiff: The Next Crash Will Bring Down The Fiat Money System
These same money changers were associated with others who engaged in shady business practices in the temple courts. Some sold sacrificial animals, overcharging people who did not bring their own. Others were in charge of examining the animals to be sacrificed, and it was a simple matter to declare an animal “unapproved” and force the worshiper…
Read MoreIncentives (And Sociopaths) Rule The World
Ryan Murphy, an economist at Southern Methodist University, recently published a working paper in which he ranked each of the states by the predominance of—there’s no nice way to put it—psychopaths. The winner? Washington in a walk. In fact, the capital scored higher on Murphy’s scale than the next two runners-up combined. “I had previously written on…
Read MoreFederal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise
It’s happening again. Just like last time around, the head of the Federal Reserve is telling us that there won’t be a recession even though all of the evidence suggests otherwise. Just before the recession of 2008, Federal Reserve Chair Ben Bernanke told the country that “the Federal Reserve is not currently forecasting a recession”, and…
Read MoreBlain: “Central Banks Are No Longer A Solution – They Have Become The Risk”
“A faithful man will be richly blessed, but one eager to get rich will not go unpunished.” This speaks against the “get-rich-quick” mentality. Looking at investment as a long-term plan for the future is good planning, but trying to make a fortune overnight is not. We really should focus on the signals emanating from bond…
Read MoreA brief history of crime, corruption, and malfeasance at American banks
Corruption is a state of decay, pollution, or incorrectness. In the Bible, corruption is one of the effects of sin that resulted from the fall of man. In the beginning, God created a perfect paradise, free of sickness, pain, and death. But when Adam and Eve disobeyed God by eating the forbidden fruit, sin entered…
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