Bank Fraud
Banks, Real Estate, and Insurance Companies Crush The People
The Bible has a lot to say on the subject of injustice. We know that God is in favor of justice; we know that He is against injustice, even in the most basic terms. The writer of Proverbs mentions this: “The LORD detests differing weights, / and dishonest scales do not please him” (Proverbs 20:23).…
Bank Behind World’s Largest Money Laundering Scandal Offered Russians Gold Bars To Hide Their Fortune
Greed is responsible for much sorrow. The Bible says in 1 Timothy 6:10, “the love of money is the root of all kinds of evil.” But is greed only about money? No. Greed goes much further than money. What is greed exactly then? What does God or the Bible have to say about it? Greed is a spiritual…
German Finance Minister Publishes New Banking Union Plan To Save The EU (And Deutsche Bank)
Less than a year after his finance ministry failed to broker a merger between Commerzbank and Deutsche Bank in a bid to rescue the flailing German lending giant (Deutsche) and create a new national champion (or so he hoped), German Finance Minister Olaf Scholz is embarking on a campaign to convince the European Union to…
Chinese Bank On Verge Of Collapse After Sudden Bank Run
Coming to America SOON, when dealing with a collapsing Ponzi scheme, only those who pull their money first stand to recover anything …. First, it was Baoshang Bank, then it was Bank of Jinzhou, then, two months ago, China’s Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized. Today, a…
Goldman Sachs Banker Arrested For Insider Trading Scheme
Goldman Sachs has avoided staying out of the insider trading spotlight for about a year. But on Friday, new court documents reveal that an investment banker at the firm’s New York branch was arrested for his alleged involvement in an insider trading scheme that generated $2.6 million in illicit profits, according to Bloomberg. Bryan Cohen, a vice president…
Financial 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…
Incentives (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…
A 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…
Citigroup
A bribe is money, favor, or other consideration given in exchange for one’s influence against what is true, right, or just. The Bible is clear that giving or receiving a bribe is evil. God’s Law, given to Moses for the people of Israel, forbade the taking of a bribe, “for a bribe blinds the discerning…
One of the Largest “Too Big to Fail” Banks in America Boldly Declares That “the Wheels for a Slowdown Are in Motion”
I do not place any faith, trust, or hope in politicians to fix what is wrong with the world. “Come Lord Jesus!” (Revelation 22:20) Now even one of the biggest banks in the entire country is openly admitting that a “slowdown” is upon us. Over the past week or so, the mainstream media has been filled…