Posts Tagged ‘economic issues’
Trillions of Dollars in Uninsured Deposits Are Now a Serious Albatross Around the Necks of the Mega Banks on Wall Street–Con Games Over
In June, Reuters reported that JPMorgan Chase was expanding the reach of its commercial bank into two additional foreign countries – Israel and Singapore – bringing its foreign commercial bank presence to a total of 28 countries. Those plans could potentially add billions of dollars more to its already problematic uninsured deposits. Why federal regulators…
Us Inflation Cools, Spending Stagnates as Economy Loses Steam
The Federal Reserve’s preferred measures of U.S. inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum. The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed Friday. From a year ago, the measure eased to the slowest pace in more than two years. Consumer spending,…
COVID-Crunch? Fed Begins Rationing Coins As Americans Horde Cash
Having closed the US Mint and halted production (blaming COVID-19) after a surge in demand for gold and silver coins, and warned of the danger of using bills (once again blaming the pandemic and choosing to “quarantine” cash for the sake of Americans’ health), Fed Chair Powell quietly admitted to lawmakers this week that The Fed will be rationing coins…
11 Reasons Why So Many Experts Believe That A US Economic Crisis Is Imminent
With all of that said, let me make it clear, I believe the Bible gives us the freedom to spend reasonable amounts of money on entertainment/fun. If all other financial responsibilities are being fully and properly managed, there is nothing wrong with “wasting” a little money on a little frivolity. Could this frivolity include spending…
“Does Banking Contribute to The Good of Society?”HELL NO!
The dictionary defines capitalism as “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.” While the Bible doesn’t mention capitalism by name, it does speak a great…
HERE’S WHAT AN AMERICAN ECONOMIC COLLAPSE COULD ACTUALLY LOOK LIKE
Jeremiah 30:7 says, “That day is great so that none is like it.” The only time period that fits this description is the period of the Tribulation. This time is unparalleled in history. Jesus described the Tribulation using some of the same imagery as Jeremiah. In Matthew 24:6-8, He stated that the appearance of false christs, wars,…