Chickens Come Home to Roost

With all the breathless reporting of financial collapse going on these past weeks, it's hard to figure out what's going on. Let me sum it up in very simple terms. Most American's bought lots of stuff that they couldn't afford and put it on credit. Lots of bankers got in the act of loaning money to people at outrageously cheap rates. Lots of investment bankers leveraged those loans and sold them to other investment bankers. Home values went up at near historic levels and allowed people to pull out cash from the equity in their homes. That's how the biggest spending bubble in the history of planet earth was built. Greed and instant gratification were the culprits.

Now the whole thing is coming apart and no one is sure how far it will unravel. I have used the analogy of a drunken New Year's eve party; the drunker everyone is, the more hangovers and vomiting there will be the next day. Well...we are now seeing the next day results.

If you throw in rising gasoline costs, rising food costs, rising education costs, etc...quite simply, the drunken party is over. Will there be another party or has America simply spent itself to death. Only God knows now, but I would guess there are millions of American's who had wished they would have put some hay in the barn when the summer harvest was good, because with winter coming, hay could be in very short supply. Were we good stewards with the blessings that God gave us, or did we put them all in worldly desires where moth and rust will destroy them? I think the answer is obvious. What's sad is that most of us Christians were caught up in it as much as the secular world. You would think we could have known better since the warnings are posted all over the bible. But hey...who really reads their bible anymore?

Wilfred Hahn is the author of a very good book titled, THE END TIMES MONEY SNARE. He has posted an article on another site that I will post here; http://raptureready.com/featured/hahn/h14.html

Al qaeda is Biggest Nuclear Concern

We know that North Korea already has nuclear bomb capacities and Iran is running hard to get them. But the CIA is most concerned with Al qaeda because they believe that the group is the most likely to use them.

This paragraph is pretty revealing; "There is no greater national security threat facing the United States than al-Qaida and its associates," Hayden said, according to a copy of his remarks prepared for the Los Angeles World Affairs Council.

You can read the entire article here; http://www.msnbc.msn.com/id/26743498/

Islamic Law in Britain

Here is an interesting headline; BRITAIN ADOPTS ISLAMIC LAW.

As we have said, France, Spain and Great Britain will soon have muslim majorities and when you have a democracy, the majority is who sets the rules. So look for more and more Islamic rules to start popping up in Europe.

You might say, "why should that concern me?" The answer is that Islam is a dangerous cult that has a history of NOT living peacefully with non-muslims. Plus it's fairly obvious that Satan is using this cult to cause bloodshed and mayhem all over the world. The vast majority of armed conflicts happening in the world today have Islam involved on one side or the other.

Read the article here; http://www.foxnews.com/story/0,2933,422661,00.html

Continue to prayer for our muslim neighbors as we want all people to come to the saving knowledge of Jesus Christ.

Wall Street Shaking

As we posted on Sunday, we figured that Monday would be interesting to see how investors would react to the fall of Lehman Bros. The market ended down over 500 points, which is the largest point drop since the market re-opened after 9/11. And today's drop happened in spite of oil falling below $95 per barrel....which is really good news for the economy. Who knows, it could have been far worse had oil not been dropping. Tomorrow (Tuesday) will be another day to watch. If investors are still scared, there could be more of a sell off. On the flip side, there could be a lot of buyers if they percieve that we have reached the bottom, and if that happens the market could bounce to the postive. I have my personal doubts since all eyes are now being focused on AIG. AIG is a huge insurance company and if people start to question the solvency of huge insurers...it's possible that Wall Street's pain (and everyone with 401(k)s, IRA's, stocks and mutual funds) could just keep getting worse.

Here is an article from the Miami Herald that describes today's events; http://www.miamiherald.com/news/politics/AP/story/687847.html

Wall Street is Gripped with Fear

Over the weekend, Wall Street was cancelling get-aways and trying to figure out how deep this whole financial unwinding is going to go. Here a few quotes from a New York Times article today titled NATIONS FINANCIAL INDUSTRY GRIPPED BY FEAR.

"It was, by all accounts, a day unlike anything Wall Street had ever seen."

"A year into the financial crisis, few dreamed that the situation would spiral down so far, so fast."

The bible talks about a time when all the wealth of the world will disappear in an instant. I don't think it is this time as I believe that passage is talking about a time during the tribulation. But I do believe that God give's warnings and foreshadowings of what is to come...if only we would listen.

Read the NYT article here; http://www.nytimes.com/2008/09/15/business/15street.html?ref=business