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Biblical Hebrew (Zondervan Get an A! Study Guides) (Paperback) by Gary D. Pratico, Miles V. Van Pelt

Laughter Doeth Good Like A Medicine

While the problems in the economy are serious, it is frequently good to step back and take a good look and laugh at the socialist takeover of all things economic… a system that has failed everywhere it has been tried. A friend sent this YouTube video to me, and it is good for a laugh. The person doing the video has a long history of Clean Comedy, with his act starting in the Churches. From his Bio: “His art form was honed primarily in churches, with a brief 6-month stint performing in prisons as part of Chuck Colson’s Prison Fellowship.” Clean comedy is an “endangered species” in this fallen world, so this is worth a look.






OK, maybe a bit political, but if you have been watching for the last 14 years, this is a Christian Conservative website. Tim’s website is at www.TimHawkins.net. There are a few (ahem… very few) Clean Christian Comedians left, so this one is worth a look.

A merry heart doeth good like a medicine

(Proverbs 17:22a, KJV)




Yours in Christ,
Job.

Posted under Economics, Politics, Uncategorized

This post was written by admin on March 5, 2010

Greece: Bank Run

In the previous post I mentioned some of the financial problems in Greece, and the actions by the Greek government in banning cash transactions. I made an editorial comment about how these things frequently have unintended consequences. Here is one unintended consequence: A run on the banks in Greece.

I found this bit of news on one of my favorite blogs on economics, www.Zerohedge.com :

Greeks Scramble To Pull Out €8 Billion From Local Banks As Greece Responds With Money Control Measures

We previously wrote about the possibility of a bank run in Greece following unsubstantiated reports that Greek citizens don’t trust the Greek financial system all that much anymore, courtesy of the whole bailout and GDP reporting fraud thing. The rumor was not only just confirmed and also quantified: Dow Jones reports that in the past three months Greeks have moved about €8 billion out of local banks “fearing a possible new tax on bank accounts, increased government scrutiny on assets and a run on the banks if Athens is forced to turn to the International Monetary Fund.” This represents over a quarter of the money held by private banks in the country.

… More at the Zerohedge link …


Zerohedge article on Greek Bank Run



hmmm… Sounds like “unintended consequences” to me…

Posted under Economics, Uncategorized

This post was written by admin on March 2, 2010

Greece Financial Reform:
Now Banning Some Cash Transactions

I was wandering through my usual collection of financial forums and stumbled upon this bit of news from Reuters:

Greek FinMin unveils tax reform, wage policy

In particular I found this paragraph interesting:

“From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards”


hmmm… interesting. Currently they are banning cash transactions above 1,500 euros. That is certainly something to think about. Here is something else to think about, from the Bible:

And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
(Revelation 13:17, KJV)


The reason for this new law, of course, is that Greece is essentially bankrupt, and requires a bailout from the European Union. This measure would presumably cut back on the black market economy and raise taxes. Some things however have unintended consequences.

hmmm… I wonder what this ban on cash transactions will lead to…

Blessings,
Job.

Posted under Economics, Uncategorized

This post was written by admin on February 20, 2010



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