Posts Tagged ‘Banks’
Bad Banks,Bad Bankers,The Norm?
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…
Ray Dalio Warns A “New Paradigm” Is Coming: “Buy Gold, Sell Stocks”
The principle Jesus teaches in Luke 16:9 is that everything we own should be used to further God’s kingdom. We are God’s stewards. Just as the unjust steward in the parable was “shrewd” in benefitting himself materially, so we should be “shrewd” in benefitting ourselves (and others) spiritually. We are to use the Master’s resources to further…
The collapse of the banking system
False apostles are motivated by their greed, lust, or power. Second Timothy 3:1–8 describes such teachers in more detail: “But mark this: There will be terrible times in the last days. People will be lovers of themselves, lovers of money, boastful, proud, abusive, disobedient to their parents, ungrateful, unholy, without love, unforgiving, slanderous, without self-control, brutal, not…
You Are Paying for Banks’ Crimes
The Top Three Banks: Jp Morgan, Bank of America, and Wells Fargo. All Told, During the First Quarter of This Year, the Moneylenders Racked up $2.5 Billion in Overdraft Fees from Consumers. The money changers in the temple courts were similar to tax collectors in that they extorted money from their own people. They were more than…
The Criminal Case Against Merrill Lynch: “Sinister,” “Whores,” “Beards”
Many of the loans we are familiar with in modern times come from banks, and the Bible doesn’t say much about this. While the Bible does not prohibit the charging of interest, it does warn against becoming too concerned with money, telling us that we cannot serve both God and money at the same time…
Stephens Downgrades BankUnited (BKU) to Equal Weight
The Bible records two instances of Jesus cleansing the temple of money changers and those selling sacrificial animals. Jesus’ first encounter with money changers was at the beginning of His three-year ministry (John 2:14–16). He made a whip of cords and drove them out. The second time He confronted the money changers was the week before His…
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…
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…
Predatory Banks And Their Rip-Off Overdrafts
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…