The Global Financial Summit

November 15, 2008

This is a Ron Paul video on the G20 Summit that is presently taking place.  He does an excellent job of articulating the direction that our country is likely to go.


The Family is Important

November 14, 2008

According to the Bible everyone has a role. Men are to provide for their families and to be the heads of their households. Women are to be the keepers at home so that the word of God is not blasphemed. Children are to be obedient so that they may live long upon the earth. The older men and women are to teach the younger men and women. Everyone has a job, and when it is done correctly not only is their harmony within the family but there is also economic prosperity.

The family is important, but the post-modern society has redefined what the family is and what it looks like. It has redefined the rolls of the family members. It has taken what is beautiful and right and turned it completely upside down. Sadly, the word dysfunctional almost naturally goes in front of most families these days.tidal-wave-2.jpg

This destruction of the Biblical family may be the greatest reason for the Financial Tsunami that is coming. I am working on a series of messages that will outline the roles that we are all suppose to be fulfilling, the benefit of doing things God’s way, and the consequences for ignoring the Bible and doing things our own way.

Please check back as I will post these messages soon.

Federal Reserve Refuses to Identify Recipient(s) of $2 Tillion

November 11, 2008

Very Interesting Article from Bloomberg.

Fed Defies Transparency Aim in Refusal to Disclose (Update2)

By Mark Pittman, Bob Ivry and Alison Fitzgerald

Nov. 10 (Bloomberg) — The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn’t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.

“The collateral is not being adequately disclosed, and that’s a big problem,” said Dan Fuss, vice chairman of Boston- based Loomis Sayles & Co., where he co-manages $17 billion in bonds. “In a liquid market, this wouldn’t matter, but we’re not. The market is very nervous and very thin.”

Click the link below to read the entire article.

U.S. Looses $35-70 Trillion in GDP Since 1973

November 8, 2008

What is the socioeconomic impact of 50.5 million abortions we have had in the United States since 1973?   It is estimated that abortions have cost the United States of American $35 to $70 Trillion in lost in lost GDP (Gross Domestic Product), and that is a conservative approach to the numbers.

Let me say that again, abortions are costing our economy $35 Trillion dollars conservatively. The number could actually be closer to $300 Trillion!

That’s lost businesses, lost customers, lost tax payers, lost producers, fewer people contributing to social security, and less people to share health care costs. These lost businesses could provide for millions of jobs. The lost customers could be buying cars from GM, Chrysler, or Ford right now. These lost tax dollars could go to pay for more teachers, and local government projects. These lost producers could be providing Wal-Mart with goods, instead of them coming from China. Social security could be healthy, and health insurance rates could be lower.

I won’t go into the probability that of these 50.5 millions murdered people the likelihood that they would be inventors, or leaders, or neighbors that we could learn from. What would an extra 50.5 million citizens do for our country from a military stand point? The realm of possibilities is endless for even one life, let alone 50.5 million.

We are now beginning to feel the effects of the loss of Trillions of dollars in lost GDP. The amazing thing is that while we are in the middle of this economic crisis, we have elected a president that supports abortion at any time during the pregnancy. He even voted for infanticide.Depression Bread Line

“Lo, children are an heritage of the Lord: and the fruit of the womb is his reward. As arrows are in the hand of a mighty man; so are children of the youth. Happy is the man that hath his quiver full of them: they shall not be ashamed, but they shall speak with the enemies in the gate.” Psalm 127 3-5

Sin never goes unpunished. We have been killing the innocent as a nation since 1973, and God has been longsuffering. I believe that one of the greatest reasons that we are on the cusp of an economic disaster is because of the sin of abortion.

Can Anyone Spare Some Change?

November 6, 2008


“Vote for Change”; A very popular slogan for nearly every candidate in nearly every race this election. President elect Barak Obama’s spread the wealth philosophy may have everyone scrounging under the cushions of the couch looking for loose change before we know it.

His socialistic/communistic view to take from the rich and give to the poor would make even Robin Hood blush. Robin Hood was fighting against a tyrant, while Obama plans to use his tyrannical ideology to steal from the working man to finance the man who will not work.

The real shame in this line of thinking is that it not only takes from the achievers, but it also robs our nation from the “pull yourself up by the boot strap,” grit and determination that has made this country what it is, or maybe rather, what it was.

farmer-workingGod’s word clearly states that if a man will not work then neither shall he eat. This is not some cold callus attitude that says that we should turn away the poor; in fact it is just the opposite, but it does hold men accountable for laziness.

We should feed the poor, and visit the widows and the prisoners. But this should be done out of charity or love. The government should not take from someone who will work and given to someone who will not work.

However, when the smoke clears and the dust settles, this call for socialism that so many Americans voted for can be shouldered by the local churches and Christians everywhere, including me. We have allowed the widows and the orphans to be taken care of by the state; we have allowed the poor to be fed by the state. We have allowed the prisoners to go mostly without a single visit.

Of course the state will think that it is their job to feed the poor, and to visit the widows. Of course the orphans and prisoners will count on the state to take care of them, which has taken care of their needs in the past.

However, when the state takes care of individuals there is little responsibility or accountability for the person who receives the donation. The biggest responsibility a welfare recipient has is to go to the mail box to collect their check. The state welfare system is designed to keep people on welfare.

Christian love and charity is designed to teach that person to provide for himself.

When a church takes in and individual in need, it is should be done in a manner that allows that person the dignity of getting back on their feet. In fact, it should be lovingly demanded that people work toward providing for themselves.

So where does that leave us?

It seems pretty apparent to me and many other people that we are headed for some very serious financial problems. While this will cause a lot of pain for many individuals, it will also provide Christians and local churches and opportunity to serve others, and to pick up the ball that was fumbled with FDR.

It will also be a time where many people who are tired of the world chewing them up and spitting them out a chance to turn their backs on that world and turn to the Savior of the world, Jesus.

“For by grace are ye saved through faith, and that not of yourselves: it is the gift of God. Not of works, lest any man should boast himself. For we are His workmanship created in Christ Jesus unto good works, which God hath ordained that we should walk in them.” Ephesians

We are called to work, not for our salvation because that is a gift from God. We are called to work as a demonstration of our salvation so that others can see Christ in us.

Christians, we have a lot of work ahead of us.

The Debt Stacking Plan to Financial Freedom

November 3, 2008

If you find yourself in debt and want to free yourself of those bonds, debt stacking may be a strategy that you can use. It is not a quick fix, or a consolidation loan. It is a strategy that will help you to gradually make progress on paying off your debts. If you owe thousands more than you make per year then you can safely assume that it may take years to pay everything off.

Before I get into the plan I want to make it clear that living a debt free life is a lifestyle change for most people. You will actually need to start living the debt free lifestyle before you become debt free. It may be quite the shock to your system, and if you have a family that spends you will also need to get them on board to this change.

OK. The best way for me to explain debt stacking is to show you an example.

You owe the following.

Visa $2,300 Your monthly payment is $50

MasterCard $4,500 Your monthly payment is $75

Sears $5,000 Your Monthly payment is $100

Minivan $12,000 Your monthly payment is $275

Truck $18,000 Your monthly payment is $350

Home Equity $25,000 Your monthly payment is $350

1st Mortgage $80,000 Your monthly payment is $900

Total Debt $144,500 Your total monthly payments are $2,100

The strategy involves paying off the smallest debt first and then taking what was paid on that debt and applying it to the next smallest debt until it is paid off, and on down the line.

STEP #1 Pay off the VISA. It is the smallest debt and will free up an extra $50 per month to apply to the Master Card. If you are able find an extra $100 per month in your budget to apply to this debt. Take on a part time job if you can but it is very important to pay off this first debt as soon as possible. Let’s assume that you do find an extra $100 per month and apply it to the VISA. You can now pay off that VISA in approx.

It will take you approx. 16 months to pay off this debt. Yep that is a long time, but you have made progress. Now you can concentrate paying off the MasterCard, in which you now owe approx. $3500.

STEP #2 You can now pay $225 per month on your MASTERCARD. At this rate you will have the $3500 paid off in approx. in another 16 months. You have now been in this program for 32 months.

STEP #3 Payoff SEARS. You now owe them approx. $2500, but you can start paying $325 per month on that debt. SEARS is paid off in approx. 8 months. You now are free from credit card debt!

STEP #4 Payoff the MINIVAN. By this time you probably only owe about $4,000 on the MINIVAN, and you can now pay $600 per month on this debt, so it will be paid off within 6 months. You have now been in the program for 46 months, and you owe for your truck, home equity, and 1st mortgage.

STEP #5 Payoff the TRUCK. You probably now only owe about $3000 on your truck, and you can now pay $950 per month on this debt so it will be paid in full within 4 months. You have been in the program for 50 months.

STEP #6 Payoff the HOME EQUITY. By this time you can see the light at the end of the tunnel. Also by now you can fully understand the imprisonment that debts bring to your life. But thank God you have made the decision to become free.

By this time you will owe approx. $15,000 on your HOME EQUITY and you can now pay $1,300 per month. You will have this debt paid off in approx. 12 months. You have now been in the program for 5 years and have paid off $64,500 in debt! AND you are down to 1 debt.

STEP #7 Payoff the 1ST MORTGAGE! By now you owe approx. $72,500 on your mortgage, and you can pay $2200 per month on this debt. At this rate you will have your 1st mortgage paid off in approx. 50 months. Congratulations you are debt free

You have gone from being buried in debt to debt free in less then 10 years. You didn’t need a consolidation loan, and you didn’t need to file bankruptcy. You just needed a plan, the right attitude and some patience.

You earned your freedom from slavery in less then 10 years!

Living Debt Free

November 2, 2008

Top 10 Ways to Eliminate Debt

1.     Goal Setting. A family without a financial vision will perish financially. You and your spouse should first commit yourself to a goal amount. I would suggest that you make it a minimum of $10,000. $10,000 may sound impossible for you to save up, but let me talk to you about that. To me, $10,000 is a significant amount of money.

Planning to save that much money involves the entire family. When everyone in the family is involved in a goal, everyone works to obtain it. You will be surprised when your teenager is ready to sacrifice Pizza Hut or some other luxury item because he knows that is too expensive for the family. And when you do reach your goal, you entire family bonds closer together, and the father and mother gain respect from the children for establishing a goal and sticking to it.

But don’t forget to reward the family once the goal is obtained. Just don’t spend the money, because this is your emergency fund.

2.     Plan ahead. Your car is running good now, but at some point you will need either to do some car repairs, or buy a different car. You may have an unexpected medical bill. You may have a family vacation that you will need to save for. Don’t rely on the plastic to get you through the unexpected or unusual expenses.

3.     Have a Written Game Plan. It stands to reason that if you are going to set out on a journey that you would take a map. Going from swimming in debt to living debt free is a journey and will probably be a very long journey. I would suggest writing: 1. a mission statement; 2. a weekly, monthly, quarterly, and annual game plan; 3. a recreation game plan. Review these plans often.

4.     Have Family Business Meetings. I think it would be wise to involve the whole family in this process. Have regular “living debt free” meeting with everyone. Everyone needs to hear progress reports and be given an opportunity to give feedback. Give each member of the family a responsibility. This allows each family member to take ownership of the written plan. This is also an excellent opportunity to teach your children the importance of living debt free. You may even want to give you children assignments to which they can do reports.

5.     Debt Stacking. After you have established your emergency fund, and have firmly committed to living a debt free life, begin paying off your debts one at a time with the smallest one first, all of the way up to the house. This is called debt stacking and I will have an upcoming post all about debt stacking.

6.     Control Your Utility Bills. Now I have gone from trying to help to meddling. My wife wants to turn up the heat, and I want it turned down. So it goes for most married couples. However in all seriousness in regards to eliminating debt, turning off the lights in an empty room and turning down the thermostat by 4 or 5 degrees can mean more money in your pocket each year.

7.     Apply All Income Increases to Your Debts. Apply all raises, surprise money, income from 2nd jobs, garage sale money, eBay money, and anything else that you can think of to your debts. Remember the reality is that you are in bondage, and thus if you want out of slavery it will require some sacrifice.

8.     Get out the Rabbit Ears. This is a taboo subject to most men. The TV is our time to relax, our time to vegetate as it may be. Turning off the cable TV and loosing ESPN is a tough choice for some people, but is one that I can honestly say from experience is not really that bad. In fact I don’t really even miss it any longer. Honest.

9.     Life Insurance. Let’s face the facts. You are going to die, and you may die before you become debt free and establish that nest egg that will allow your family to continue living debt free. It is an investment that you will hopefully loose all of your money on, but can pay dividends to your loved ones should something happen. Also, get enough to not only pay off your debts, but that would allow them to continue on financially without your income.

10.    Don’t get into debt in the first place. This may seem like a silly answer, but it is something that needs to be thought about. Instead of buying that new car, fix your old one. Instead of buying a new car, buy an inexpensive used one. Instead of buying the new pair of Levi’s blue jeans on the JC Penny’s credit card, check out a local thrift shop. If you are really serious about living debt free, you will probably have to change your mind set. Do you want to keep up with the Jones’s or follow the instructions of God’s word?