Archive for January, 2012
Tuesday, January 31st, 2012
The International Swaps and Derivatives Association (ISDA) is the “regulatory” body who determines when a default occurs for a financial instrument backed by credit default swaps (CDS). Why is this so important? The five largest banks in the U.S. control 97% of all CDS’s. If a default on a Greek ...
Posted in Biblical Economics & Money | Comments Off on ISDA: The most powerful financial institution in the world (for now)
Sunday, January 29th, 2012
People strive to get wealth and influence. Often their motivation is due to an orientation of scarcity and the current economic system promotes this view. Advertisers attempt to convince us that we lack something and must purchase their product to be fulfilled. People are sucked into debt by this scarcity ...
Posted in Biblical Economics & Money, Love | Comments Off on The Power to get Wealth
Friday, January 27th, 2012
What is betrayal? It is to deliver to an enemy by treachery, to fail or desert especially in time of need, to reveal unintentionally, to disclose in violation of confidence, to be disloyal to someone who trusts you so that they are harmed or upset. What is treachery? It ...
Posted in Love | Comments Off on Betraying Love
Thursday, January 26th, 2012
1. The next phase of problems will come about because of a loss of confidence in currencies themselves. 2. Regulators are totally ineffectual in dealing with what is occurring. 3. If we have a failure of Greek debt it will be catastrophic and you and I will pay. ...
Posted in Biblical Economics & Money | Comments Off on Economic Points of Interest
Wednesday, January 25th, 2012
The Federal Reserve committed to low interest rates through 2014. What was the impact? My Yahoo Finance tracking screen went green: UXG was up 12.45% in one day. for those who recently bought the stock at 2.99 in mid December.
Posted in Biblical Economics & Money | Comments Off on Ben Bernanke Speaks
Monday, January 23rd, 2012
Wealth brings with it a great challenge. The ego especially feeds on greed whereas greed is the root of all evil. Hoarding is the ugly sister to greed. When people find their value of identity in possessions the outworking is to get more and more. What you have is never ...
Posted in Biblical Economics & Money | Comments Off on You still lack one thing
Saturday, January 21st, 2012
In 1978, the total debt in the U.S. was $719 Billion. Today it is $56 Trillion. This is a 77X increase. How much more debt can we handle? Hyperinflation is moving closer and it will be a time of great change. We must muster up the courage to face change. ...
Posted in Biblical Economics & Money | Comments Off on $10,000 Gold
Thursday, January 19th, 2012
In these days of leverage, any interruption in the flow of cash can be disastrous. Often, your bank’s signature card will include a statement whereby they have 30 days to respond to a cash withdrawal request. Though they rarely exercise this stipulation, it does exist. What would happen if you ...
Posted in Biblical Economics & Money | Comments Off on The Speed of Cash
Monday, January 16th, 2012
From the Securities Investor Protection Corporation website, http://www.sipc.org/pdf/HSPY_English_2011.pdf : “Terms of SIPC help. Customers of a failed brokerage firm get back all securities (such as stocks and bonds) that already are registered in their name or are in the process of being registered.” Securities registered in the “Street ...
Posted in Biblical Economics & Money | Comments Off on SIPC Protection of your Brokerage Account
Monday, January 16th, 2012
In Matthew 25, Jesus said: 33 And He will set the sheep on His right hand, but the goats on the left. 34 Then the King will say to those on His right hand, ‘Come, you blessed of My Father, inherit the kingdom prepared for you from the ...
Posted in Love | Comments Off on Separating the sheep and the goats