Archive for the ‘Biblical Economics & Money’ Category
Friday, September 26th, 2008
If you think $700 billion is enough to resolve the financial crisis, you are sadly mistaken. The government's estimate is the initial payment to start dealing with the flawed financial business model. The underlying derivatives will be observed by all of us to truly be financial weapons of mass destruction. ...
Posted in Biblical Economics & Money | Comments Off on $4 Trillion to $25 Trillion Bailout
Wednesday, September 24th, 2008
Inflation is defined as an increase in money supply. Price inflation results after the money supply has been increased. The U.S. Government wants us to focus on price inflation rather than true inflation of the money supply. Remember when the Fed quit publishing M3 Money Supply increases? They said it ...
Posted in Biblical Economics & Money | Comments Off on Financial Crisis Status & Scorecard: 9/24/2008
Tuesday, September 23rd, 2008
Many of us who have been around for a while know that when Washington says $700 Billion, they really mean $1.4 to $2.1 Trillion. Over the weekend, King Henry (Hank Paulson) spoke on the networks about the need to shore up the financial system. He focused on the impact to ...
Posted in Biblical Economics & Money | Comments Off on $700 Billion is just the beginning…
Tuesday, September 16th, 2008
For nearly a year I have been warning readers of the coming financial storm. It is here! Pundits have told us many times "the worst is over". That is not the case. We are still at the front end of the mortgage crisis. There are still many mortgage loans that ...
Posted in Biblical Economics & Money | Comments Off on A flight to safety
Thursday, September 11th, 2008
Everyone was quick to call on Congress to go after the speculators who caused the increase in oil prices earlier this summer. Oil company executives were summoned. Congress wanted to file a lawsuit against OPEC. However, we are now sensing that there is an unseen hand affecting the market to ...
Posted in Biblical Economics & Money | Comments Off on Example of Energy Market Manipulation
Thursday, September 11th, 2008
We are now in the midst of the largest market intervention in history. Why? They must "save the Hill", Capitol Hill. Until the November elections, those in control of the purse strings will throw everything at the market to maintain "status quo". Remember last year when we were told there ...
Posted in Biblical Economics & Money | Comments Off on "Save the Hill"
Tuesday, August 26th, 2008
From Wikipedia, the free encyclopedia: The Texas ratio is a measure of a bank's credit troubles. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing loans by the sum of its tangible equity capital and loan loss reserves. ...
Posted in Biblical Economics & Money | Comments Off on The Texas Ratio
Thursday, August 21st, 2008
Who would have thought there would so much to track in the financial arena just five years ago. The 1960's are looking like the golden years now for most of us who were around then. We have seen several recessions since the 1960's. The current storm clouds indicate a severe ...
Posted in Biblical Economics & Money | Comments Off on Recap of the Financial Storm
Tuesday, August 19th, 2008
On 08/08/08, Georgia was invaded by Russian troops. Why? Once again, it's all about oil just like Iraq was all about oil. The following map provides us a view of Georgia's proximity to the oil pipelines: Source: Kleveman, Lutz, The New Great Game, Atlantic ...
Posted in Biblical Economics & Money | Comments Off on Georgia on my mind
Sunday, August 17th, 2008
This phrase may come back to haunt the powers that be. The Federal Reserve exercised its authority to deal with Bear Stearns. With increasing frequency, policy makers are using little known, obscure powers granted eons ago. There are so many laws with so much fine print that just about anything ...
Posted in Biblical Economics & Money | Comments Off on "Unusual and exigent circumstances"