Matthew 25 37 "Then the righteous will answer Him, saying, ‘Lord, when did we see You hungry and feed You, or thirsty and give You drink? 38 When did we see You a stranger and take You in, or naked and clothe You? 39 Or when did we see You sick, or in prison, and… Continue reading The Prison Ministry of Love
Month: August 2010
Dangerous Waters
What we don’t know may come back and bite us. Cash is king… still! The U.S. consumer has once again painfully learned that lesson. 401-K’s are being tapped for emergency cash thus people are once again mortgaging their future to maintain their current paradigm, not unlike the U.S. Government. We were once the largest creditor… Continue reading Dangerous Waters
$202 Trillion in Debt
When politicians use the “labeling” game to classify future obligations of the nation, bad things will happen… maybe not today or tomorrow, but sooner than later. According to Laurence J. Kotlikoff, professor of economics at Boston University, if you look behind the curtain of the U.S. Balance Sheet and analyze the numbers, we’re toast. Asset… Continue reading $202 Trillion in Debt
Confidence versus Uncertainty
In the world of Economics these opposing forces are observed and analyzed on a moment by moment basis. Financial analysis programs on super computers are attempting to predict which of these two views will prevail in the markets around the world every minute of every day. It’s like watching a herd of antelope running in… Continue reading Confidence versus Uncertainty
Equity = Assets minus Liabilities, normally
Professor Black makes a compelling case against asset valuation issues contained in the banks’ balance sheets:
The Speed of Collapse (Part 4)
Revelations 18:10 Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon, that mighty city! for in one hour is thy judgment come. KJV Until recently, this Scripture seemed more allegorical than literal. Not any more! Let’s assume that Mystery Babylon consists of three aspects: financial, political, and religious. … Continue reading The Speed of Collapse (Part 4)
Collapse: Part 3
The final stages of economic collapse are based on two things: debt and fiscal mismanagement. This is true for individuals, corporations, and countries. Our presumption that we can conquer economic history and defy the laws that have held true in the past is simply arrogance. Just as in the Book of Judges, the Israelites repeatedly… Continue reading Collapse: Part 3
Collapse: Part 2
Shale natural gas was supposed to be a multi-century solution to our energy problems but the toxic emissions from all of those extra wells are causing environmental problems. See: http://www.dallasnews.com/sharedcontent/dws/news/localnews/stories/DN-gasdrilling_03met.ART.State.Edition1.3563c6c.html Saudi Arabia is reducing its exploration plans with an excuse that it is saving those reserves for future generations, another confirmation of peak oil. On… Continue reading Collapse: Part 2