Does anyone in charge have any common sense? Here's the latest info on how the bailout money is being wasted. Right before Merrill Lynch was bought by Bank of America, the CEO and top executives gave themselves bonuses of 3.6 BILLION dollars. Over 700 of the top people at Merrill Lynch became millionaires as the company faltered, reporting losses of 15 BILLION dollars in the 4th quarter of '08 alone. Bank of America (the largest bank in America) received 45 BILLION dollars in federal bailout money, of which over 20 BILLION was to help with the Merrill Lynch losses. Bank of America, who's stock was over $40 per share in '08 has fallen to below $4 a share today. Does this make any sense at all? So this is the plan...they're going to 'fix' the mess America's in by throwing money (money we don't have mind you, borrowed from China and others) at these CORRUPT CEO's and expect them to do 'the right thing' with it. Yeah right, when pigs fly...
I can just imagine what Hobart Freeman would say to all of this. Mark
Probably what he was saying 25 years ago, and what Jesus said 2000+ years ago; "...look up, your redemption draweth nigh." Of course, we wouldn't know half of what's going since we wouldn't be watching, reading, or listening to the news....maybe that wouldn't be such a bad thing...
Quote: ..that's only one letter away from DEVIL-NET. Why not? Hobart like to call evolution Evilution, so why not call it the devil-net? Wasn't it he that also called it Devilution? I can remember Joe Brenneman, current pastor at FA saying that the internet is nothing but useless information. But at least the internet exists!
On a more serious note: Since this topic here is about Bailout Wisdom - What say ye about the bailout our president made into law? Do you think it will work, not work, full of pork, wasteful spending? Just a thought. Personally I hope it works.
I, personally don't think it will work. The example I gave of Merrill Lynch and Bank of America, their executives and what they did with the money given them already, I believe, shows the greed and power of those that control those companies. I think that this is just the tip of the iceburg concerning how these corperations are ran. Look at the 'big 3' automakers in America, they shot themselves in the foot by not fixing their problems with labor unions, building oversized autos, and not adjusting to the changing energy crisis, that we've seen coming for 25 years. I could be wrong about this, maybe the prophecies about America's best days being ahead will prove to be true...but everything I see tells me the day of The Lord is fast approching and these are all events that must transpire in order for Gods plan to unfold. More and more people of influence and power are being exposed as liars and thieves(those managing investments and funds worth Billions of dollars) who have deceived thousands of people out of Billions of dollars. While themselves making bonuses of Millions of dollars... Tell me somebody, WHO'S GOING TO OVERSEE THIS 800 BILLION DOLLAR STIMULUS, TO SEE THAT WHAT HAS HAPPENED SO FAR WILL NOT HAPPEN AGAIN??? I believe in the future we'll find out story after story of how the funds were stolen or mismanaged or diverted to special interest groups and not used as intended. These are just my opinions and thoughts and do not reflect the position or views of this company... You ask if the package is filled with pork? Yep. That's what I mean about 'pigs flying'. The money will go everywhere except to where it's needed...
On Sat, 21 Feb 2009, Hombre wrote: > > > ...I've been meaning to ask you if Moulder has told you yet whether or not the company is going to pay our relocation expenses should we need to flee to the wilderness? > > I know you like the desert, but unfortunately someone will need to stay around and vote... until the bitter end. The rest will be shuttled to an undisclosed location at company expense. We will stay in touch... <grin>
On Sat, 21 Feb 2009, James wrote: > > > ... he's NOT providing health care benefits.... > > We do supply spectacles so that you old-timers can keep up with all of the sage advice we give around here!
Yes, but I've got the x-file series so we will be able to get others up to speed quickly on just what it was that caused the mess in the first place.
James said, "You ask if the package is filled with pork? Yep. That's what I mean about 'pigs flying'." Funny comment. I heard somebody on FOX news last night say that there is so much pork in the stiumulus package that you can get a pound of bacon from it. I thought that was humorus. I hope it does work but time will tell. Could this be the downfall of America? I have reasons to believe so. Just looking around at the way people are living...homosexuality, drugs, sex, and the list goes on and on. Then look at the condition of the American church. Need I say more? So this could be the decline of America as we know it. Concerning Brenneman's comment about the internet being full of useless information Hombre, I would disagree. How else could we get such truth from such characters such as Todd Bentley and other people that claim to be prophets? I like what one person said about the so-called prophets running around these days. He calls them "non-prophets." More later. Mark
That's funeeee... But he said something about Ps. 91...
Hombre, I think in many ways we already have a socialist mentality here in America. Is not Social Security a type of a socialist program? And the talk of universal health care that's been thrown around for years, isn't that a program that reflects socialism? And is it a bad thing? We should be honest enough with ourselves to admit that capitalism isn't working. In theory, Capitalism should work, and for years it seemed to; but I believe the human element of greed has been the downfall of capitalism. Greedy union workers, striking in order get their way. Greedy oil companies; greedy CEO's running giant corporations; greedy stockholders demanding higher returns on investments, sending jobs overseas; greedy atheletes forcing ticket prices through the roof; on and on...greed, greed, greed. By the same token, Socialism should work as well if it was implemented by honest people who really cared. Wasn't the New Testament church a type of socialist community? Everyone shared equally in property and everyone's needs were taken care of with no preference to one's social status, education, gender, or income level. But I don't believe either one is going to work in our situation here in America; CAN the stimulus bailout money work? Possibly, for the short term, but all the problems facing this nation stem from disobedience to The Word of God...America is in effect, IMO, A HOUSE OF CARDS waiting to fall. As a nation we've set ourselves up for failure by disreguarding the principles set forth in God Word. One major problem, CREDIT; most people in America are heavily in debt, following the example the government sets. Living far above their means, spending money they don't have; totally the opposite of what we're taught in The Word to do. Plus the spiritual state of the country with all the problems with abortion, sexual immorality, false prophets speaking what the people in the churches want to hear rather than what God says. Again I ask, one nation under God? Where? not America as a nation... some individuals, yes...
I did something last night I have never ( I don't think ) done before, I watched and listened to an address by the president of the United States all the way through. Usually I don't watch at all or get feed up with the lies and political b.s. and change channels. So, Hombre, if I may repeat what the president said,(that'd be president Obama to you and me...) The best days for America lie before us, we will turn this economic crisis around. What else is he going to say? If the public don't have confidence in what he says, people will continue to hold back in fear. Oh yeah, don't worry about any of the money being misused or stolen, he said he was going to watch every penny... I don't get the standing and clapping every 20 seconds, is it a form of kissing up to him or do those judges, congressmen and women, think that highly of everything he says? Funny, the Republican side of the house didn't jump up quite as often.
Back to the title of this thread, "Bailout Wisdom". Again we're seeing the outrageousness of what's happening with 'Bailouts'. AIG was given 170 Billion dollars in bailout money. Since then they've given out 165 Million dollars in bonuses to executives, and even the president doesn't seem to be able to do anything about it. The congress is trying to show outrage, to save face, yet they're doing nothing about it. The only way the situation will be dealt with, will be because of the pressure brought on them by public opinion. When he ( president Obama ) promised to watch over the money being given out to stimulate the economy, he said the abuses we saw from Merrill Lynch CEO's and executives and Bank of America, wouldn't be repeated.....HELLO!!!...Promises, Promises... Remember the T.V. commerical where the little old lady has fallen down and says, " HELP! I've fallen, and I can't get up." America has fallen, will she get up? Will God allow it? Has the OVERFLOWING cup of inquity brought God to the end of His patience? Serious questions, for serious times...
james wrote on Tue, 17 March 2009 08:47 Back to the title of this thread, "Bailout Wisdom". Again we're seeing the outrageousness of what's happening with 'Bailouts'. AIG was given 170 Billion dollars in bailout money. Since then they've given out 165 Million dollars in bonuses to executives, and even the president doesn't seem to be able to do anything about it. The congress is trying to show outrage, to save face, yet they're doing nothing about it. The only way the situation will be dealt with, will be because of the pressure brought on them by public opinion. When he ( president Obama ) promised to watch over the money being given out to stimulate the economy, he said the abuses we saw from Merrill Lynch CEO's and executives and Bank of America, wouldn't be repeated.....HELLO!!!...Promises, Promises... Remember the T.V. commerical where the little old lady has fallen down and says, " HELP! I've fallen, and I can't get up." America has fallen, will she get up? Will God allow it? Has the OVERFLOWING cup of inquity brought God to the end of His patience? Serious questions, for serious times... I don't see how bailing out the US with money that is not backed up will solve anything myself. They are just printing paper to put a bandaid on hugh problems. There will be a lot of paper money, maybe a wheelbarrow full, for one loaf of bread, someday soon. Blessings, GWB Be still and know that I am God
We are borrowing from our great-great-great-great-great-great-grandchildren in order to pay for all of this, should the Lord tarry that long. I read that if we paid $100 million per day toward the principle on the national debt, it would take 300 years to pay off. That would not include interest or any additional accrued debt (James, correct me if my terms are not right here). And all of it is based on fiat money. I've also heard that China and Russia are starting to holler for a worldwide currency. They are saying to the U.S., "We know what you guys are up to. You will try to deflate your debt by decreasing the value of the dollar and causing inflation. We're not going to let it happen. We want a world currency now!" I like the idea of establishing local currencies. Time magazine reported that 12 different cities around the country are doing that. According to the US constitution, the local currency is only supposed to stay local, and can't be a substitute for national currency. Regardless, we need to exercise our faith and be ready once the pace quickens in these last days. The Lord will provide manna for His children, if necessary, and we cannot put our trust in uncertain riches.
Jiz, I have no idea how many generations some mathematician/economist think it'll take to pay off the national debt, but I do believe this...America will never see the national debt paid off. Further more, I believe the government will continue to borrow from other nations, as well as just print money. Thereby, digging the financial hole we're in, deeper and deeper. But we can take hope in this fact, Jesus is not bankrupt, nor is His promises empty. His Word is FOREVER SETTLED in heaven; our responsibility is to be certain that it's forever settled in our hearts. Because if it is, settled in our hearts(meaning we BELIEVE IT and ACT ACCORDINGLY), then NOTHING formed against us can prosper. WHY? Because He gave us that promise in His WORD, and THAT WORD is FOREVER SETTLED IN HEAVEN...Ps. 119:89 Regardless of what happens in the future, if we'll TRUST in Him, He'll direct our steps/path...Therein is the rest,(giving us peace in the midst of troubles all around us) for that's His promise...Trust in The Lord with all thine heart, and lean not unto thine own understanding, in all thy ways acknowledge Him, and He shall direct our paths. And He's not a man that He should lie...what He hath said He will make good. It's ALREADY settled....in heaven. PS.91:1 " He that dwelleth in the secret place of The Most High, Shall abide under the shadow of The Almighty."
Amen, James. I appreciate the fact that from a young age I was encouraged to stay out of debt. It has become clear that a sloppy approach toward indebtedness has been a significant factor in the current financial crisis, both on a grass-roots level and in the government. We cannot spend money that we do not have. There was a time in the 1990's when I supported my wife and children on $7.90 an hour. People looked at us with such despite because Lori (my wife) was not working outside the home. Yet the Lord always supplied our needs. When our first child was born, we had an emergency c-section, and the bill was almost $10,000, more than half of what I made that year. We brought the bills to the Lord and asked him to get us out of that mess. Within 2 years all of the medical debts were paid, and within 3 years we were completely out of debt. He always made a way for us to pay off bills and supply our needs. Over time, He has prospered us and we have everything now that we did not have back then. Those who despised us back then are not doing so now, especially those who are steeped in debt. They are hopefully seeing the beauty of trusting the Lord, having one's priorities straight and living simply, with our eyes on His kingdom. Regardless of how the economy fares, the Lord will provide for His children and further His kingdom. "Seek first the kingdom of God, and His righteousness, and all of these things will be added to you."
Some interesting quotes that pertain to the economy and our present financial situation. "I, however, place economy among the first and most important republican virtues; and public debt as the greatest of the dangers to be feared." ~Thomas Jefferson "If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it." ~Ronald Reagan "No government will long endure which fails to secure stability in the economic realm." ~Hobart Freeman
Ah, the wisdom of man, bailout these companies that have ran themselves into the ground and they'll suddenly become productive and profitable. Yep, looks like they wuz right; after General Motors took 19.4 Billion dollars from the US government and doing away with 20,000 jobs, closing about a dozen plants; they filed for bankruptcy. So NOW, they will be given 30 Billion more, 15 B now and 15 B later. Oh, the clincher, the taxpayers now own 60% of General Motors. And Chrysler, even though they were bought by Fiat, have filed for bankruptcy, as well. They have already received 7 Billion dollars in bailout funds( that the Obama administration has said won't be repaid.) And they will receive another 4.7 Billion at a later time(the government is saying they MUST repay this money) I'm so thankful for the peace of Jesus in my heart, because without Him to put my trust in, I don't know what I'd do...(maybe run for political office or volunteer to run a giant corporation...I seem to understand money management better than those in charge. I said, along with MANY more, that what they was doing in bailing out these companies, was stupid, a waste of money we didn't have to waste, and wouldn't work.) I'm going to quit refering to the ways of man as man's 'wisdom'...I think it should be retitled, 'man's STUPIDITY'. For those who like to suggest Christians should become more active in the affairs of this world, through political activism, voting, joining themselves to groups to solve the world's problems? I'd just caution against becoming entangled in this worlds affairs, Jesus says that we can't serve God and man, Paul told Timothy that no man that warreth entangleth HIMSELF with the affairs of this life( II TIM.2:4) We're at the end of the ages, Jesus is coming back, SOON...we must be focused on His Kingdom and preparing that day... Come quickly, Lord...
I was reading in Nehemiah about how Israel disobeyed God and became servants of their enemies. How their kings, princes, priests, or fathers failed to keep the laws of God and came under bondage. Is it too far of a streach to see the parallel between Israel and America? Our leaders haven't followed the commandments of God; our judges make unrighteous judgements; our lawmakers sell out to the highest bidders; our 'spiritual leaders' are not leading in the paths of God, but after the traditions of man; the people have gone whoring after false gods and the pleasures of the flesh... Although we're not physically servants to our enemies yet, we are fast becoming servants to others financially. Recently I read that the 'taxpayers' now own 60% of General Motors due to the bailout money given them... The money was borrowed from China; HELLO? So who really owns General Motors. BTW: What all is our government offering as collateral for these BILLIONS of dollars? How about the National Parks, land rights, drilling rights, ect. The principle taught in The Bible about how the borrower is subject to the lender and we should owe no man anything, is totally foreign to how our leaders run this nation. And because of the disobedience in these areas, as well as in MANY others...we're becoming servants to others. " Howbeit thou art just in all that is brought upon us; for thou hast done right, but we have done wickedly: Neither have our kings, our princes, our priests, nor our fathers, kept thy law, nor hearkened unto thy commandments and thy testimonies, wherewith thou didst testify against them. For they have not served thee in their kingdom, and in thy great goodness that thou gavest them, and in the large and fat land which thou gavest before them, neither turned they from their wicked works. Behold, we are servants this day, and for the land that thou gavest unto our fathers to eat the fruit thereof and the good thereof, behold, we are servants in it:" ~ Nehemiah 9:33-36
Sobering thoughts. Aside from the spiritual aspects that are against us as a nation we also have very few that really understand economics. This lack of understanding among our lawmakers and politicians will eventually lead to destruction --even without taking our sin into consideration. Sorry for not participating more, I'm still very busy but I have been enjoying reading the posts! ttyl, William
Hey William, I understand bout busy times ( usually that's good, it means The Lord is prospering us ). I'm appreciative that you took time to comment...I was wondering about the old adage about if a tree fell in the forest and no one was there to witness it, did it really make a sound.... I was thinking about opening a new account under a different name so I'd have some one to carry on discussions with...Hey! It works someplaces... Just kidding (don't report me to de man, I wouldn't want to spoil my legalist image) We ARE living in serious times, I believe with all my heart that we are seeing the early stages of the unfolding of that which those who have gone on before us, longed to see, the return of our Savior and King, Jesus Christ. The Word says that mens hearts will fail them in fear in the end times...Praise Jesus, we can look FORWARD with joyful anticipation for that great and glorious day.
Bro James, I've heard the trees falling and that last one came really close. Thank you for taking the time to uplift us every day. Ref end time events: Valsez Vision 1929 VISION BY A.C. VALDEZ In 1929 I was preaching in Vancouver, British Colombia. I had gone to the 6th Avenue Church that seats 1,000 people. The old building is gone. I sat down on the platform and looked down at the congregation for the Sunday morning service. There were 18 people. I had crossed the continent from Los Angeles to get to that meeting--18 people in my first service. My first thought was, My Lord and my God, the nerve, asking me to come across the country to stand here in front of 18 people. Now, that was my first thought. Now, I no sooner thought that when God spoke to my heart and said, "Son, I want you to comfort these people." They needed comfort, Brother. He gave me the capacity to comfort them. I started preaching comforting words. If I had given way to the human, Brother, I would have skinned them alive and tacked their hides up on the wall. People in a condition like that don't need a skinning; they need comfort. God helped me. He poured in the oil and the wine. He helped me to comfort those people. They began to cry all over the place, as they needed comfort. The tears began to stream down their cheeks. They had gone through a terrible trial in that city, and the name of "Pentecost" was in the newspapers of that city, and it wasn't very good. The things that they had put into the newspapers were enough to keep most anybody away. I had 18 people in the inside and thousands on the outside. God began to work, and the Spirit began to come forth. By the following Sunday the place was well filled. The Holy Ghost began to bring them in. By the end of the third week they had to take down the partition that separated the coat room from the main auditorium to put more seats in that auditorium that seated a thousand. It packed out. They packed the place, standing up and down the winding stairs and outside of the church building and out into the street. The glory of God came down. Souls began to get saved, and the sick were healed. We had a glorious victory over the world of flesh and the devil. The ministers were so happy. They said, "Lord, in spite of that death, you've given us victory." Right in the middle of that victory, I stood in 6th Avenue Church one day with the power of God on me. All of a sudden the ceiling just disappeared. Now, when I say "vision," my friends, I know that some visions are what the Bible calls "night visions," like in a dream. You will find that in the Bible. Dreams are also called "visions." Generally speaking, a vision is differentiated by what you see with your eyes open, that which you see when you are not asleep. In this particular case I was standing on my feet, when all of a sudden the walls and the ceiling just faded right out. I began to see this vision, and the Lord showed me. I looked up and saw what answers to the description of an ICBM (Inter-Continental Ballistic Missile), just as real as any picture that you would see--or the real thing if you've ever seen one of those missiles. It was just as real as you would look upon one if it were right in front of you, two or three feet away! I saw it. It was passing over a skim of clouds, not heavy clouds, but a thin skim of clouds. I was standing on the side of this mountain, a residential district. I was looking over into a bay area. It would appear like I was in Berkeley, if you've ever been to Berkeley, and the Berkeley hills. I was looking into the bay area toward San Francisco, the San Francisco Bay region, that direction. I saw the freeway. I don't say that it was the Oakland freeway that is there today. I don't know where it was, my friends. I do know this, that I was standing on the side of this mountain, overlooking a huge metropolis, when I saw this missile directed toward the city; and suddenly, being electronically controlled, no doubt, it plummeted right down into the city and then exploded. Then I saw the fireball, which answers to the description of what I have seen in a civil defense film release of the first hydrogen bomb explosion. This happened in 1929! The atom was not split until 1932! Yet I saw it as clear as I see you here tonight. There was a purpose in it. I have been warning people ever since that this thing is coming! As the day approaches, my friends, I feel more vibrant than ever before! I have got to bear testimony to what I saw with my eyes! I have got to warn God's people that they must live in the Spirit and walk in the Spirit and be filled with the Spirit if they want God's protection in these last days! I saw this thing blossom out in all of its beautiful colors. Did you ever see a picture of it? It is a beautiful sight, but it is a horrible sight. All of the colors of the rainbow you can see in that big ball as it swells out. Then the pressure that it creates following the explosion, it demolishes everything before it. It leaves a crater over 300 feet deep and over 2 miles across. It is capable of destroying a huge metropolis the size of New York City in one blast. Even though there were no freeways in 1929, I saw freeways. I saw them run and jump in their cars to escape, but there was no escape! I saw the aftermath of this explosion. I saw all of the details. The Spirit of the Lord picked me up. Like St. Paul, whether in the body or out of the body, I don't know! All I know is, my friends, that God took me and whisked me across that area where the bomb hit in the midst of that huge metropolis. There was nothing left. The center where it struck was molten, like molten glass. It wasn't, my friends, until I was carried way beyond the residential area that I began to see any sign of debris. Finally, I came to what looked similar to snow or sand drifts piled up against the fences and buildings. I saw piles or iron, like broom straw, only much finer than broom straw. It was in piles and in patterns--everything completely destroyed! Finally, way, way out, beyond what I felt was the residential area, I began to find signs of human beings, only in pieces--torsos, heads, hands, arms, and legs. They were scattered around everywhere! The Spirit of the Lord carried me out farther. I began to find signs of life. People were running. Everybody was blind. (I didn't know in 1929 that if you are 35 miles away from the explosion and you happened to be looking in that direction, you would never see again. I didn't know that at that time.) Everybody was blind, my friends. They were running and screaming and bumping up against this and that and the other, bouncing back, children blind and screaming and crying out for their parents and parents for their children. The farther I went, the more the confusion, and the cries increased. My friends, even tonight, while I am speaking to you, I can hear those cries! I can hear those cries, children and parents screaming out for one another! It was a terrible sight to behold! If I were to live 10,000 years, I know I could just close my eyes and hear those screams and see the terror that was written all over the faces of parents and children! A terrible sight, indeed. Then, my friends, the Spirit of the Lord took me. Oh, I wonder how fast I was going. I could see the mountains and the hills just passing before me. I came sweeping down over a large valley. In the distance I could see, as I began to approach, a body of people that looked like tens of thousands. I don't know how many were there. It was a sea of people. Long before I got there, I could see. As I came down closer, I could discern them. They had their handkerchiefs. They were wiping their tears from their eyes. Then for the first time I began to hear heavenly anthems. I could hear the Hallelujahs, in bass and tenor and soprano and alto, voices blending together. That mass of humanity was lifted together by the heavenly music. I came right down in the midst of them. There they were, God's people. This is what I saw, friends. They were all dressed up like they were ready for the Sunday service. Their hair was parted. Nothing was disturbed. There was no soil on their shirts. They were cared for so perfectly that everything was in order, my friends. Their faces were clean. Their clothing was clean. Everything was in order! This last part sums up the whole thing ! The only word you could use to describe them would be "meticulous" Meticulous! Glory to God! What a wonderful thing to be in the hands of God! I say that God is going to protect his people in these last days IF. . .they live in the Spirit and walk in the Spirit and keep filled with the Spirit! Bail out wisdom: Live in the Spirit and walk in the Spirit and keep filled with the Spirit!
HI James, I appreciate all you have posted lately, very convicting and as William said, very sobering. The message of being out of debt is certainly not one that alot of people embrace. Unfortunately it isn't taught in many churches and people are bombarded with offers to buy on credit. Of course many of them can't pay back what they owe so they just pay the minimum fee and continue to charge. The discerning christian can see that the economic problems the world has is just another piece in place for the end of all things. If one listens to the news too much they could be discouraged and get fearful since all you hear and see is how bad things are and how much worse they are getting. We can see how the world will be deceived by the one who is the anti-christ, by how multitudes have followed our currect president and been seduced by his speaking and looks. If one would listen carefully to what he is saying and see what he has done, ie stem cell research, homosexual rights, spending, they would see the path he has taken is one that is going to bring more judgment on the United States. It truly is better to trust in the Lord than to put confidence in men. Where does our help come? Our help comes from the Lord Jesus Christ, and having faith in the Word of God. God will preserve His people in the coming days, but it is not a time to look at the storm and the waves, but keep our eyes on Jesus and our ears in tune to what direction He is telling us to go. This world is quickly passing away and it isn't a time to get caught up in the affairs of this life, but to follow hard after Jesus, seeking to do His will.
Cash for Clunkers How's this for a well thought out plan, the government started an incentive plan to help stimulate the auto industry's economy. They called it the 'Car Allowance Rebate System', or 'Cash for Clunkers' as it became known as. It was instituted on July 1, 2009; well, yesterday the Obama administration announced that they are discontinuing the program due to funding running out...it was suppose to be in effect until November 1, 2009. (it lasted 30 days and the government paid out 96 million dollars) The rebates were to be from $3,500 to $4,500 based on the car that was traded in and it's MPG and what type automobile that's being bought. Car dealers are saying that it was a disaster, consumers are scratching their heads, and the government is out of money. Maybe there needs to be a little more thought put into these 'fix the economy' plans. Interesting update: The House is rushing today to try to get legislation through that would make available 2 Billion more dollars for the program to stay afloat. Some lawmakers are wondering how they could have under-estimated the money needed by such a large margin.
I saw that on the news last night. They said it took up to five hours to process the paperwork for one car. One dealer had a whole row of clunkers! I sure hope he did not get stuck! I have a little red VW bug that runs like a top. It takes forever for it to run out of gas. It might be old, but it is paid for! Blessings, GWB
" A government big enough to give you everything you want, is strong enough to take everything you have." ~ Thomas Jefferson "...But they can't take Jesus from me, for He lives my heart, and He's all I need..." ~ words from a song by Carl Seitz
Last February I started this thread on the wisdom of the government bailing out all those corporations that were going under due to their greedy business practices. I see today that Bank of America, which received 45 Billion dollars in bailout money, posted their third quarter earnings report...actually, a third quarter LOSS report. They lost 2.24 Billion in July, August, and September. So is the 'bailout' working? Doesn't look like it in this case, but at least the CEO (who is stepping down at the end of the year, at the stockholders request) will not be taking a salary for the year( 1.5 million) and must pay back what he's received already. But the report stated that his retirement funds wouldn't be effected( 10's of millions) Once more I just shake my head in amazement; bailouts, government takeovers, 'change', recession, unemployment, I can't see where their 'plan' is working. Most of that money is gone, and most of the corporations are still going bankrupt and laying off workers( auto industry especially ) Thank God for "the shadow of The Almighty"... In Him will I trust. Bailout Wisdom? Looks like something only the Antichrist will have workable solutions for fixing.
For anyone interested, the Financial Crisis Inquiry Commission began hearings on the banking industries unsound business practices and the excess bonuses given out to high level executives from the major banking institutions. The CEO's from Goldman Sachs, Bank of America, JP Morgan Chase, and Morgan Stanley are appearing before the commission to give account of their behavior. Already they're giving some excellent excuses, 'we just underestimated the severity of the crisis'...well there you have it, right up there with 'the goat ate my homework'. One member of the commission said this about what they were doing ..."It sounds like selling a car with faulty brakes and then buying an insurance policy on the driver." Oh, but one banking executive said they were grateful for the taxpayers helping them...(as they paid themselves multi million dollar bonuses out of that government bailout money) Yep, it's great to see the results of the 'bailout wisdom', a year down the road...I've seen no indication that it worked for anyone besides the CEO's and top executives of these bailed out institutions...Only in America...( I still haven't seen any pigs flying ) http://www.usatoday.com/money/companies/regulation/2010-01-1 3-wall-street-hearing_N.htm
Futher Fall-out from the Bail out fiasco... This newsletter article is a reminder that the fall-out from the way the banks, mortgage companies, and other lending institutions conducted business over the past decade, isn't over yet. This explains better why there has suddenly been a freeze placed on ALL mortgage foreclosures in America. Greed exposed is quite an ugly monster...most all are guilty to some extent, but these huge institutions that control most of the money have taken greed and coruption to a new level...or should I say, a new depth. http://www.omegaletter.com/articles/articles.asp?ArticleID=6 885
Hitting close to home... Yesterday the State of Alabama Banking Commission closed several local banks in Birmingham, and the FDIC took receivership over them; one was a bank I've used for 7-8 years. According to the notification I received business will continue as normal and all funds remain secured up to the $250,000 the FDIC insurance promises. But they also said the rates on CD's, Money Market accounts, Savings accounts will be reviewed and subject to correction to current market values. Which means, in effect, that locked in accounts(CD's, ect) at a certain percent for X number of years will be no longer be as such, but will be adjusted to what they want to pay, which is well below 1%. Looks to me like it's just a matter of time before the one world monitary system will have to come in and offer, seemingly, solutions that people will embrace as financially sound and wise, maybe a MARK? Praise Jesus, my trust is in Him, not earthly riches, nor the system of men. Peace of mind is priceless, and it can't be purchased, yet it's free to those who will believe in Jesus.
Another example of how the well thought out bailout plan worked...natural disasters, financial woes, spiritual apathy, moral depravity...yep, beginning of sorrows. Matt.24:8 http://www.foxnews.com/politics/2011/05/23/tax-delinquents-c ollected-billions-obamas-economic-stimulus-plan-report-shows /
Ah yeah, those wonderful institutions of finance, 'bailed out' but unwilling to allow the 'bailout' to trickle down to their customers. Reminds me of the unmerciful servant Jesus spoke of in Matthew 18:23-35 What a mess, if only people would follow the principles laid out in God's Word on money management this wouldn't be going on...and we wouldn't have these money hungry mega-banks dictating to the world...they wouldn't have 'power' over people if people would quit borrowing and living above their means. The house of cards is about to come down... http://www.globalresearch.ca/index.php?context=va&aid=27 530
Now that the U.S. government is offically shutdown, I wonder who is going to 'bail' them out? I'm not asking anyone to give an answer, just wondering out loud. I don't know enough about what's happening to carry on an intelligent conversation about the latest crisis, but I do know enough to be praying for those in authority(as instructed in God's Word).
I thought they shut down a couple of years ago. Is this some new development?
America needs Dave Ramsey!
Hi james, Just read this interesting thread & as you would guess I do have something to share. I get `Prophecy News Watch,` & the recent issue had `Americans Warned Bank `Bail-Ins` Coming. The article came from www.wnd.com Instead of Bail-outs from the IMF, World Bank or Federal Bank they now are going to have bail-ins. The bail-outs netted a big horde of people who are now seriously in debt having partaken of all that supposed cash. Now the `greedy,` have set their sights on those who have stored up some money in the bank. These people will have some of their money given a `hair cut,` (bank term)so that any bank can then get out of trouble when the bubble bursts. This event we all see looming & I was surprised it hadn`t happened sooner till I read the lastest about `bail-ins.` To effect a `bail-in,` there has to be regulation & this is what is going through at the moment so that it will be law that banks can take from those accounts that are over $100,000 & use part of them to pay the banks debts. `Bail-ins are to North America without a doubt, & will be remembered as the `Great Leveling,` of the `great flushing` (of Lehman Brothers),` (Jim)Sinclair said.` (Financial analyst) Sinclair is chairman & chief executive officer of Tanzania Royalty Exploration Corp. & is son of Bertram Seligman, whose family started Goldman Sachs, Solomon Brothers, Lehman Brothers, Bache Group & other major investment banking firms. `When major banks fail, they are going to bail them out by grabbing the money that is in your bank accounts. This is going to absolutely shatter faith in the banking system & it is actually going to make it far more likely that we will see major bank failures all over the Western world.` according to financial expert Michael Snyder. Sinclair also said that `while few depositors are aware, banks legally own the depositors` funds as soon as they are put in the bank. Our money becomes the bank`s, & we become unsecured creditors holding IOUs or promises to pay.` `But until now, the bank has been obligated to pay the money back on demand in the form of cash. Under the FDIC-BOE plan, our IOUs will be converted into `bank equity.` The bank will get the money & we will get stock in the bank. With any luck we may be able to sell the stock to someone else, but when & at what price? Most people keep a deposit account so they can have ready cash to pay bills.` Time to think of other ways to use what God has given us & not let the money lenders control our assets.
Quote: GWB wrote: America needs Dave Ramsey! Smile That's worth a good morning laugh here. Gary
james wrote on Fri, 20 February 2009 12:17 Does anyone in charge have any common sense? Here's the latest info on how the bailout money is being wasted. Right before Merrill Lynch was bought by Bank of America, the CEO and top executives gave themselves bonuses of 3.6 BILLION dollars. Over 700 of the top people at Merrill Lynch became millionaires as the company faltered, reporting losses of 15 BILLION dollars in the 4th quarter of '08 alone. Bank of America (the largest bank in America) received 45 BILLION dollars in federal bailout money, of which over 20 BILLION was to help with the Merrill Lynch losses. Bank of America, who's stock was over $40 per share in '08 has fallen to below $4 a share today. Does this make any sense at all? So this is the plan...they're going to 'fix' the mess America's in by throwing money (money we don't have mind you, borrowed from China and others) at these CORRUPT CEO's and expect them to do 'the right thing' with it. Yeah right, when pigs fly... Here's my Solution : If they gave every family in America, one million dollars, everyone would go buy a new home, new car, or cars. This would generate a huge amount of jobs and services. The government would reap a huge amount of tax money to which they could use for future bail outs and maybe spend a small amount on the national debt. Have they not heard its better to give then to receive? BTW we now owe over 17 trillion dollars and its climbing as I write: http://www.usdebtclock.org/ Be sure and check that box and help donate $1.00 to the national debt. Gary
Hi Gary, You said - Quote: `Have they not heard its better to give then to receive?` A good solution but because it is Satan who we know holds sway over the world`s system (1 John 5: 19)they would rather this verse - "The rich rules over the poor, & the borrow is servant to the lender.` (Prov. 22: 7) Why? The money is not really what they are after, they can just print more of that, however it is the POWER over people that they want, till finally it is complete power over the whole world`s system. They do not want free men & women, but borrowers who are in so much debt that in their life time or their country`s life time can never pay back. This year or next there will be financial Tsunamis` I believe that will shake up the banking & governments yet again so that the money, the power will go into less hands yet again. Might be good in the future to do a segment on money & how it developed & has changed since we are now off the gold as the foundation of currency.
Marilyn Crow wrote on Tue, 11 March 2014 18:08 Hi Gary, You said - Quote: `Have they not heard its better to give then to receive?` A good solution but because it is Satan who we know holds sway over the world`s system (1 John 5: 19)they would rather this verse - "The rich rules over the poor, & the borrow is servant to the lender.` (Prov. 22: 7) Why? The money is not really what they are after, they can just print more of that, however it is the POWER over people that they want, till finally it is complete power over the whole world`s system. They do not want free men & women, but borrowers who are in so much debt that in their life time or their country`s life time can never pay back. This year or next there will be financial Tsunamis` I believe that will shake up the banking & governments yet again so that the money, the power will go into less hands yet again. Might be good in the future to do a segment on money & how it developed & has changed since we are now off the gold as the foundation of currency. Marilyn, I was mainly giving a tongue in cheek reply here. I was just thinking; give billions to the banks and they just squander the money. I was a little serious in giving a solution to a quick fix to the economy. But I know it would only be temporary. The Love of money is the root of all evil is so true. Many now are big fans of the lottery here. Someone was trying to tell me how he would give money to his family and help others if he won the 400 million or what ever it was recently given away. I tried to tell this guy while it seems noble to give away all this cash, in the end you would probably destroy a lot of people in this little venture. Money destroys a lot of people. If you happened to notice on the debt calculator, China and India are buying up huge amounts of Gold. A segment on money might be interesting. Gary
Hi Gary, Yes I did think you were joking. We`ll work on the money segment. We seem to have lots of topics to keep us going for a while & I do appreciate James` focus on the character of the Lord as a balance to the purposes of God among the nations, here. Time for sleep here, now.