The media and business community has been feverishly hyping and trumpeting the economic crisis that started in September as if they were blindsided by it like a drunk crashing into a crowd full of people on a friday night drive. What God commands Christians regarding alcohol is to avoid drunkenness (Ephesians 5:18). The Bible condemns drunkenness and its effects (Proverbs 23:29-35). While the common person may be fooled by the economists and mainstream media gurus, the knowledgeable person knows that this economic crisis has been a long time in the making.

The reliance on credit, loans, mortgages, and imaginary money was not always so prevalent as it is in today’s society. Back in the day, people actually used to save, nations used to produce and consume at a somewhat level rate, and countries were composed of somewhat homogeneous populations accounting for a relatively stable society and economic system.
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The problem the world finds itself in now was mainly caused by government intervention in economies through the introduction of central banking in the early 20th century after the tragic “war to end all wars.” These interventions were offbeat solutions proposed by the socialist politicians of the time; many of which were brainwashed by socialist and communist propaganda — remnants from the great World Wars. The common man saw the idea of collectiviziation of resources as a pseudo tribal activity. The problem now is that government has run rampant with power usurped from decentralized actors known as states and provinces.

Most countries in the world now have central banks and heavy hands of federal government where power is wielded by power mad politicians. This power started to really take heed during the crises of wars like Vietnam where President Nixon imposed a totally fiat money, or government issued currency system whereby he took the US dollar completely off of the gold standard based on the Bretton Woods agreement established at the end of World War II. This quickly ended the government limitations to creating money, or credit, without a physical limmitation such as gold. Now all money is basically printed out of thin air from digital computer banks.

Governments are not the only entities issueing and utilizing credit. As you probably guessed, common people are now being suckered into using credit as a day to day living arrangement paying for such things as food, gasoline, and heat and has become increasingly prevalent as such. People have been using the first “plastic money” ever since its introduction in 1951 and it has been increasing ever since then. In a perhaps ironic arrangement, the first credit cards were issued for “Diners club” card holders and was made on February 8, 1949 by Frank McNamara, Ralph Schneider, and Matty Simmons at Major’s Cabin Grill, a restaurant adjacent to their offices in the Empire State Building. The very thing that keeps people alive (food; real), has become the very thing that will destroy them (credit; fake).
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Indeed, the current economic crisis has blatantly exposed the weakness of the “In God We Trust” slogan engraved on most of, if not all, American currency in the form of loss of consumer confidence in the economic system caused by engineered financial meltdowns such as the Fannie Mae, Freddie Mac loan crisis. “The financial crisis provides our great opportunity to set the world on a new sustainable path, as many sacred cows, which have stood in the path of change, are being slaughtered by the day as the crisis unfolds” (Club of Rome, 2009).

in Exodus 22:25, Leviticus 25:35-36, Deuteronomy 23:19 and other places God’s Law forbids interest on money; “thou shalt not steal” is the Law. “Thou shalt not charge interest of your neighbor,” is the Statute. The Judgment or penalty for charging interest and theft by deception via a debt-usury banking system could be anywhere form making restitution all the way to capitol punishment.

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Once again, it was the Roman soldiers who mocked Jesus in Matthew 27 31 just as they are mocking Mr. Schiff in this video. After they had mocked him, they took off the robe and put his own clothes on him. Then they led him away to crucify him.

The credit crisis is about to expand into other areas of the economy dependent on this imaginary bond and promise of payment: the credit card industry. Since 1951, when the first credit cards were issued, over 6 billion credit card offers were found in our mailboxes, an average of 6 offers per US household per month (2005 statistics). The average American household’s credit card debt in 1990 was $2,966. In 2007 it was $9,840. It is clear that another crisis is emerging; one that could very well be the final nail in the coffin of main street. Indeed, credit cards are shaping up to be the next chapter in the financial meltdown, promising to stymie consumer spending, drag on the economy and force a whole new wave of financial difficulty on Americans.

The US may be moving into the next phase of the mortgage crisis. It’s called the credit card crisis. Which means there may be more defaults, lower spending limits, and perhaps higher interest rates for the 75 percent of Americans who have credit cards.

When times get tough, you do what you have to do to pay your bills. For more people, that means maxing out credit cards to put food on the table and gasoline in the family car, even paying the mortgage. Financial experts say it’s a road to disaster.

Living off credit is not doing a lot of Americans much good as their debt and defaults continue to rise. “Well, this is going to be as bad as the recession of the early 90′s,” said Tom Davidoff, Asst. Professor at Berkeley’s Haas School of Business. Davidoff says we’re seeing the next phase of the worsening economy.

“Wages are lower. People make less money. That means, one, they can’t pay the bills they already have and, two, they’re feeling stretched so they’re not going to pay for stuff with cash. They’re going to pay with credit cards. That’s going to raise their credit card balance and make it more attractive to wipe out the debt by default,” said Tom Davidoff (ABC News, 2009).

Absolute Proof The Financial Crisis Was Engineered

Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers’ ability to repay, making loans with deceptive “teaser” rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets (Washington Post, 2005).

“Confessions of an Economic Hit Man” author John Perkins argues that the United states has created a modern-day empire through the use of economic blackmail and the undermining of foreign governments. Perkins zeroes in on hot spots around the world such as Venezuela, Tibet, Iraq, Israel, Vietnam and others and exposes the network of events in each of these countries that have contributed to the creation of the American Empire and international corruption. John Perkins spent three decades as an Economic Hit Man, business executive, author, and lecturer. He lived and worked in Africa, Asia, the Middle East, Latin America, and North America.
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Then he made a decision: he would use these experiences to make the planet a better place for his daughter’s generation. Today he teaches about the importance of rising to higher levels of consciousness, to waking up – in both spiritual and physical realms – and is a champion for environmental and social causes. He has lectured at universities on four continents, including Harvard, Wharton, and Princeton.

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Written by EconoChristian.com with various sources stated herein.

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