Banking Crash
The Global Growth Slowdown Spells Trouble for Bank Stocks
Be Warned: The phrase “the time of Jacob’s trouble” is a quote from Jeremiah 30:7 which says, “Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble; but he shall be saved out of it” (KJV). In the previous verses of Jeremiah 30, we find that the Lord…
Warren Buffett Calls Bitcoin “For Charlatans” Yet His Beloved Wells Fargo Has Paid $14.8B In Fines Since 2000 For Fraud And Abuse
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…
Deutsche Bank former CEO Jain under probe for dividend tax-stripping: Report
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…
Banks Get a Failing Grade on Guns and Banking!
Guns Down America, a gun-control advocacy group, has graded 15 banks based on their support for the gun industry, Tiffany Hsu of the NYT reports. Most received dismal appraisals. Advocacy group grades banks as failing on guns • “Six of the banks, including JPMorgan Chase and Wells Fargo, received failing grades. Citigroup earned the highest one, a…
Why Corrupt Bankers Avoid Jail
The phrase “reprobate mind” is found in Romans 1:28 in reference to those whom God has rejected as godless and wicked. They “suppress the truth by their wickedness,” and it is upon these people that the wrath of God rests (Romans 1:18). The Greek word translated “reprobate” in the New Testament is adokimos, which means literally “unapproved, that…
The Six Megabanks have not skipped a beat when it comes to committing fraud, market manipulation, and other abuses against their clients, investors, and the financial markets themselves.
Paul’s charge to us in Romans 13:8 to owe nothing but love is a powerful reminder of God’s distaste for all forms of debt that are not being paid in a timely manner (see also Psalm 37:21). At the same time, the Bible does not explicitly command against all forms of debt. The Bible warns against debt, and…
Bankster are member of the banking industry seen as profiteering or dishonest.
Usury is, by modern definition, the illegal practice of lending money at unreasonably high rates of interest. Usury is usually carried out with the intention of the lender, or usurer, gaining an unfair profit from the loan. A modern slang term for a usurer is loan shark. Somewhat complicating the matter is the fact that, before…
Bankers That Get Arrested, Banks In Trouble… As-it-happens update
If materialism was ever to satisfy anyone, it would have been Solomon, the richest king the world has ever known. He had absolutely everything and had more of it than anyone, and yet he found it was all worthless and futile. It did not produce happiness or the satisfaction our souls long for. He declared,…
Deutsche Bank’s Impending Auf Wiedersehen Will Hurt Americans
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…
Banks Do Not Always Command The Public’s Trust
Banks are running out of time to regain public trust Isaiah lived in a time when Judah was struggling under the weight of injustice: “Justice is driven back, / and righteousness stands at a distance; / truth has stumbled in the streets, honesty cannot enter. / Truth is nowhere to be found, / and whoever…