Monday, April 20, 2009

Revolution IV (3-7-09)

If one will study the nature of all my conflicts whether with Mr. Alsup, the banks, the clients, the critics, and the BOP it all comes down to my stand for truth. If you are at all familiar with the scriptures you will see every prophet or saint who stood for truth against a culture of lies was met with conflict and suffering. This is such a truth that it could be said that if you are not in conflict you are not in battle. Our founding fathers ultimately got to enjoy victory but most had to pay a high price to arrive there. Somehow history always will call into examination your courage or cowardice. Truth will always offend a culture bent on fraud. A culture bent on fraud is an effect of leaders long since sold out to fraud. This means those in power who benefit from the fraud will put on the hat of a tyrant and with fear bring the crowd with force. A fortitude of conviction will be the only thing they cannot overcome. If your convictions do not have the surety of eternal absolutes anchored to the unchanging attributes of God what will you stand upon when the ruthless world is against you?

The revolution 200+ years ago was an impossible task but because of divine providence success was assured and a fledgling nation was born. God’s providence is just as assured in our day. If you know of God as faithful your confidence cannot be vanity. Faith is an action word that will respond to God’s words of promise that make His providence clear for our day. Faith is a gift most often triggered by the word of God that most likely will be absent understanding. This does not mean a blind faith because the word of God is trustworthy. What it does mean is that the surety of the trustworthy word is sound enough to take a step without full knowledge of the path. For those who want reason to give them every assurance of probability before action this faith is nothing short of risk. My question though is if God gives you the faith and the word to initiate is it really a risk? The answer to this question will come from your knowledge of the God who verbalizes propositionally. The reason you have never seen me shrink back from the escalation assault upon my stand for truth is because real truth cannot be defeated by the lie. Fortitude and truth is a weapon wielded with strength and purpose.


judge allslop said...

Desperate people doing desperate things or a jail house break?

IASB said the rationale for watering down fair value is “crazy”
Duncan Mavin
Published: Monday, April 20, 2009
Wall Street lobbyists and U.S. politicians are damaging the credibility of corporate reporting and hurting the interests of investors around the world by pulling-back on fair value accounting, a top international accountant said.In an interview with the Financial Post, Mr. Jones warned of “a loss of credibility” and said the rationale for watering down fair value is “crazy.” He also cited concerns about political interference that could undermine the independence of accounting rule setters, a fear that was echoed by other senior accountants Monday.

No shit Sherlock!
WASHINGTON (Reuters) – The U.S. Treasury's plan to purge toxic assets from banks' balance sheets is vulnerable to fraud and abuse and needs tough rules against conflict of interest, the government's bailout watchdog said on Tuesday.

Hey Beans,clean hands?,or pay to play?
In State Pension Inquiry, a Scandal Snowballs
Published: April 17, 2009
The inquiry into corruption at the New York State pension fund started simply enough.
In 2007, Attorney General Andrew M. Cuomo’s office and then the Securities and Exchange Commission took over the inquiry, which has ballooned into a sprawling investigation involving some of the most prominent players in New York’s political and financial worlds.Hundreds of investment firms have been subpoenaed. Three people have been criminally charged and another has pleaded guilty to a felony. And the scandal has grabbed the attention of Wall Street, as members of the investment establishment’s top tier now face scrutiny.

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government-a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

mogel007 said...

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mogel007 said...

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