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Category Archives: The table is set

Economics begins in the Sanctuary

By Michael Kloss

Joseph did not interpret pharaoh’s dreams through his own cunning; he was blessed by God with wisdom and judged the scenes in pharaoh’s dream prophetically. There is nothing new under the sun and the Wisdom of God is ours for the asking. It is more precious than gold or silver and given to us as kings to judge this world. We must see through new eyes; eyes given to us by Jesus.

Modern famines in the US are often the result of economic bubbles; artificial wealth followed by hard times. Bubbles are made to burst. The foundation of modern economics is borrowing and borrowing. We must see this for what it is. We must not fall into the get rich or keep rich schemes of the world. Prospecting is no wiser if it is done by men in business suites with masters’ Degrees.  Joseph’s strategy, based on the wisdom he received from heaven, was to save for the lean years during the fat years. Biblical economics is simple and difficult all at once. Read the rest of this entry »

 

Are you on welfare?

By David Young

In early May 2010, Greece has been almost paralyzed by riots. More than 100,000 people, just a few weeks ago, rioted in the streets to demand better pay, higher employment, and more welfare programs to stave off the current economic depression. Within days, the international bond markets responded to the crisis by increasing the cost of this Greek debt by more than triple overnight. Guaranteeing collapse of the Greek state, should the European Union leaders remain silent.

But is Greece alone in this very real crisis?

Consider Ireland, crushed by a current reported unemployment rate of 20%. Not far behind are the rest of the PIIGS countries, as they are called. In sum, Portugal, Ireland, Italy, Greece, and Spain all threatened to break up the Eurozone due to years of massive entitlement programs and spending. The EU did pull together support from Germany, France, the International Monetary Fund, and the U.S. Federal Reserve to collaboratively build a $950 Billion dollar bailout, all in mid-May. This package is only meant to keep the PIIGS from collapsing for three years. After that, the clock is reset for the new governing leaders to deal with. Read the rest of this entry »