“Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases. Inflation is not caused by the butcher, the baker, or the automaker,…
Three weeks ago we reported that China’s Henan Yichuan Rural Commercial Bank, just outside the central Chinese city of Luoyang, was the latest small-to-medium Chinese bank to suffer a vicious bank run as long lines of depositors filled out its…
Deutsche Bank plans 18,000 job cuts in robot strategy called “Operations 4.0”. Operations 4.0 Underway Deutsche Bank says Operations 4.0 is already underway. The plan is to Replace 18,000 Jobs With Robots. Mark Matthews, head of operations for Deutsche’s corporate and…
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?…
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…
The Great Recession never ended. I say that because the deep economic flaws that caused it was never corrected. All recovery efforts since merely clouded our eyes to the problems growing larger around us, even making them worse, and now…
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…
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…
Narcissism is the term used in psychology to describe a preoccupation with self. It is a Greek term taken from the name of the mythological Narcissus, who fell in love with his own image and was doomed to die because he…
The Tribulation is a future time period when the Lord will accomplish at least two aspects of His plan: 1) He will complete His discipline of the nation Israel (Daniel 9:24), and 2) He will judge the unbelieving, godless inhabitants…
