Friday, September 26, 2008
So-called Christian (9-7-08)
Scott I saw your desire that someone would defend the term "so-called Christians." I thought I would take a crack at it. It is a moniker I would apply, I believe accurately, to yourself and others of your ilk. You know the Bible well enough to move in and out of the pews but these words have not captured your heart. You judge me by your mortgage ignorance as though this is divine insight. Your gut is fat with mere pabulum and self-assurances. Though you may have started with the simple gospel of a sinner saved by grace through faith you have long since abandoned this path for a righteousness of good works. That is why you practice the judgment of a dullard and boast as though you are wise. This is why john can say "They were among us but they were not of us." Why Jesus did not commit Himself to them even though His praises flew off their lips. He also said "depart from me you workers of iniquity." Paul said "Oh foolish who has bewitched you" and when speaking of the Corinthian church said "some people have no knowledge of God. I say this to your shame." Retards is the less polite phrase I use. History is clear and the future also makes it clear retards are always present in the church of Christ. Forget not that the demon possessed man was a regular of the synagogue Jesus taught in. Your 20 year claim of a walk is unimpressive for your words betray your heart. You judge me by what? By the wisdom of Christ? Bullshit! If you knew the Lord you would know me. You would see things of the spirit and confess of the great wonders of the Lord. Instead you have found condemnation of God's work justified by a wisdom entirely by the flesh. Your retort is simply the mirror accusation that is exactly what I'm doing but in this you further deceive yourself. Job's friends and Job appear to be of the same wisdom until the end when God speaks and Job is approved. Though we both quote the Bible only one of us use it as words of life. You are definitely more attractive than I. Your life is pleasing to this world and the Christ I preach is a stumbling block. What I find funny is that you did not need to go to God to find the truth in my indictment and neither will you need to go to God to find the falsity of this indictment. Yet that is precisely the indictment "you don't go to God" but rely on your own strength. The grace of God you have perfected into a license does not exempt you from criminal sanctions in the spirit. True grace drives you to God for more grace. The cheap grace of "so-called Christians" is a wedge of deceit that isolates a man to an island of self-righteous piety. Just because islands can group together does not make them apart of one body. The Christ within me and within my work would find an audience of prayerful support in you if the surname "Christian" did not have the given name "so-called" before it. If you ever become brave enough to approach the throne of God again as a wretched sinner you will find my advocate there. Until then I will exhaust myself with prayer and fasting for my friend. Exit the Laodicean Church before the Lord spew you out!
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The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy - all the capital misallocation, all the malinvestment - and prevent the market's attempt to re-establish rational pricing of houses and other assets.
Last night the president addressed the nation about the financial crisis. There is no point in going through his remarks line by line, since I'd only be repeating what I've been saying over and over - not just for the past several days, but for years and even decades.
Still, at least a few observations are necessary.
The president assures us that his administration 'is working with Congress to address the root cause behind much of the instability in our markets.' Care to take a guess at whether the Federal Reserve and its money creation spree were even mentioned?
We are told that 'low interest rates' led to excessive borrowing, but we are not told how these low interest rates came about. They were a deliberate policy of the Federal Reserve. As always, artificially low interest rates distort the market. Entrepreneurs engage in malinvestments - investments that do not make sense in light of current resource availability, that occur in more temporally remote stages of the capital structure than the pattern of consumer demand can support, and that would not have been made at all if the interest rate had been permitted to tell the truth instead of being toyed with by the Fed.
Not a word about any of that, of course, because Americans might then discover how the great wise men in Washington caused this great debacle. Better to keep scapegoating the mortgage industry or 'wildcat capitalism' (as if we actually have a pure free market!).
Speaking about Fannie Mae and Freddie Mac, the president said: 'Because these companies were chartered by Congress, many believed they were guaranteed by the federal government. This allowed them to borrow enormous sums of money, fuel the market for questionable investments, and put our financial system at risk.'
Doesn't that prove the foolishness of chartering Fannie and Freddie in the first place? Doesn't that suggest that maybe, just maybe, government may have contributed to this mess? And of course, by bailing out Fannie and Freddie, hasn't the federal government shown that the 'many' who 'believed they were guaranteed by the federal government' were in fact correct?
Then come the scare tactics. If we don't give dictatorial powers to the Treasury Secretary 'the stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet.' Left unsaid, naturally, is that with the bailout and all the money and credit that must be produced out of thin air to fund it, the value of your retirement account will drop anyway, because the value of the dollar will suffer a precipitous decline. As for home prices, they are obviously much too high, and supply and demand cannot equilibrate if government insists on propping them up.
It's the same destructive strategy that government tried during the Great Depression: prop up prices at all costs. The Depression went on for over a decade. On the other hand, when liquidation was allowed to occur in the equally devastating downturn of 1921, the economy recovered within less than a year.
The president also tells us that Senators McCain and Obama will join him at the White House today in order to figure out how to get the bipartisan bailout passed. The two senators would do their country much more good if they stayed on the campaign trail debating who the bigger celebrity is, or whatever it is that occupies their attention these days.
F.A. Hayek won the Nobel Prize for showing how central banks' manipulation of interest rates creates the boom-bust cycle with which we are sadly familiar. In 1932, in the depths of the Great Depression, he described the foolish policies being pursued in his day - and which are being proposed, just as destructively, in our own:
Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion.
To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection - a procedure that can only lead to a much more severe crisis as soon as the credit expansion comes to an end... It is probably to this experiment, together with the attempts to prevent liquidation once the crisis had come, that we owe the exceptional severity and duration of the depression.
The only thing we learn from history, I am afraid, is that we do not learn from history.
The very people who have spent the past several years assuring us that the economy is fundamentally sound, and who themselves foolishly cheered the extension of all these novel kinds of mortgages, are the ones who now claim to be the experts who will restore prosperity! Just how spectacularly wrong, how utterly without a clue, does someone have to be before his expert status is called into question?
Oh, and did you notice that the bailout is now being called a 'rescue plan'? I guess 'bailout' wasn't sitting too well with the American people.
The very people who with somber faces tell us of their deep concern for the spread of democracy around the world are the ones most insistent on forcing a bill through Congress that the American people overwhelmingly oppose. The very fact that some of you seem to think you're supposed to have a voice in all this actually seems to annoy them.
I continue to urge you to contact your representatives and give them a piece of your mind. I myself am doing everything I can to promote the correct point of view on the crisis. Be sure also to educate yourselves on these subjects - the Campaign for Liberty blog is an excellent place to start. Read the posts, ask questions in the comment section, and learn.
H.G. Wells once said that civilization was in a race between education and catastrophe. Let us learn the truth and spread it as far and wide as our circumstances allow. For the truth is the greatest weapon we have.
In liberty,
Ron Paul
Earlier this year i prophesied and said that there was a great shaking coming (I will try to go back and find the exact words). In that post i said that in order to be preserved we have to take refuge in the Mountain of the Lord....If we dont we will be crushed under the falling structures that man has built. We are there now folks and the crys have just begun. I pray for mercy.
WAMU biggest bank to fail in US history:
http://news.yahoo.com/s/
ap/20080926/ap_on_bi_ge/washington_mutual
_future
Kurt,
You judge Scott by what? By the wisdom of Christ? Bullshit!
You wave Christ as a banner to justify your own foolishness and deceit.
Rotting in jail teaches you nothing except how to feed your own ego.
You are a sad case.
...ok....now even stroy say that its time to "fur up the gill".......
ans btw...i also want a nice cole one wit mine...an lode it wit pepas too!!
'jus like they do at the feest of san jennaro....hmmmmmm!!!
==========================
SECONDARY SAUSAGES FROM THE D.C. SAUSAGE MACHINE
WASHINGTON THEATRE DIVERTS ATTENTION FROM THE PRIMARY SAUSAGES
Saturday 27 September 2008 20:40
By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York. For earlier reports, press the ARCHIVE. Order your intelligence subscriptions and our 'politically incorrect' intelligence books online from this website.
London, 27th September 2008:
(sorry! doo too copyrawng vibratons, yo will half to go dair an reed it fo yoself)
yes...a tastee saseech an pepas sangweech....
jus like the kine dat roger clemenza yooze to make in da movees.....
yo all rember roger clemenza...."paulie, go get da cannoli's".....
roger clemenza....an yo thawt dat it was da gee ho yoose to pinch fo da hankees?
even i goota admint it...stroy cum up wit a good one there....
'the DC sawsage macheen"...
coors, i alays thawt that jug beans allreddy have one in his champers....he like to pack da sawsitch in "da end hisself!!"
geez...i no dings are bad, but theres no need to do this!?
Credit crunch banker leaps to his death in front of express train
By Christopher Leake
Last updated at 11:06 PM on 27th September 2008
yo listing jug beans??!
Moogs, what amazes me is that you act like this has never happened before. But then, you never have been big on seeing cause and effect, or paying attention to history. The only difference, is the scope, and I am not even sure of that, since I haven't seen any actual economic comparisons. The bank failures of the pre-Fed era were every bit as bad, if not worse, and certainly as far reaching as what has happened in the last half century.
So your Austrian idiots be damned, this is not something new, let alone original, the biggest difference is the scale of the economy and the size of the institutions based on that economy. It still comes down to the same old maxim, "you get greedy, you get stupid, you go boom", and unfortunately take a lot of innocent people along with you, which is what has happened here.
And you know what Moogs, the next time it happens, in another 10 years or so it is going to be even bigger, and as long as the economy is bigger than the collapse, we'll survive.
What a clueless asshole.
Thanks Neo.
Kurt's comments used to have more sting than they do now. But I'm confident in who I am and what I believe. The more I thought about it, the more foolish it seemed to take it too personally. I continue to pray for Kurt when the Holy Spirit leads. He said recently that he had recognized his pride in his earlier years... I hope he will realize soon that it hasn't been overcome yet.
Kurt said...
If you ever become brave enough to approach the throne of God again as a wretched sinner you will find my advocate there.
___________________________________
I do this on a daily basis... don't you?
Every time we pray, we approach the throne of God as a wretched sinner.
Notarial Dissent: "as long as the economy is bigger than the collapse, we'll survive."
________________________________
Not interested in your caveat's that make no sense.
Notarial Dissent: Your "all is well in Zion" attitude and it's just a normal "business cycle" we're going through, goes contrary to what Jesus said of the last days, which days we are living in, & Jesus said: "This generation shall not pass away until ALL THESE THINGS ARE FULFILLED" referring to all of the great & unusual calamities, wars, & world wide events that will be unique with nothing to compare them to.
Mathew Chapt. 24: 20 But pray that your flight will not be in the winter, or on a Sabbath. For then there will be a GREAT TRIBULATION, SUCH HAS NOT OCCURED SINCE THE BEGINNING OF THE WORLD UNTIL NOW, NOR EVER WILL.
22 Unless those days had been cut short, NO LIFE would have been
SAVED; but for the sake of the elect those days will be cut short.
Yea, it's just a temporary economy problem or a recurring cycle that happens every 10 years or so, the economic down turn has nothing to do with the signs of the times or the last days or of revelations. LOL
Maybe in 10 years, I'll ask you if you think the world & the economics you're living with is just another "more of the same" stuff of history repeating itself or maybe you might change your mind & think the aberrations are truly unique in their magnitutes.
quoting Moogey making an even bigger ass of himself than usual
Your "all is well in Zion" attitude and it's just a normal "business cycle" we're going through,
Strangely, actually not so strangely considering the source, not what I said or meant at all. The only person I am less likely to take seriously anything of religious nature from than you is Kurt.
So, having nothing of any value to say, you fall back on religious nonsense, about what I expect.
and again the ass brays forth
Yea, it's just a temporary economy problem or a recurring cycle that happens every 10 years or so, the economic down turn has nothing to do with the signs of the times or the last days or of revelations.
Moogs, every time we have come to a new century, a comet has come by, or the wind changes direction, one or more idiots-specifically you, decide that the world is coming to the end. Well, I have news for you Moogs, the world has been rattling along for a good long time now, and will most likely continue t rattle on a long time after you have returned to the dross from which you crawled out from under. It’s called economics, Moogs, it has been repeating the same type of cycle since man discovered commerce, and it was called famine in the times before.
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