Fascinating video about how money works, showing that money is actually nothing more than promises. So the correlation between keeping promises and financial health is made clear.
Tag: toxic credit
What in the world is Ross doing?
If you appreciate what this ministry is about, you can help. If you “see” the concern, if you “get it,” you not only can help but you must. This sin-soaked world needs you to help.
The Madoff Scandal
So, Bernard Madoff pled guilty and will go to jail. Not only do we taxpayers have to pay for his crime, but now we have to pay for his food and rent for the rest of his life. But that’s…
Something is very wrong, and the “authorities” are unlikely to fix it. Ostensibly, it is a financial crisis, and the financial world is surely a wreck. But the question we haven’t dealt with yet pertains to the kind of crisis…
The Demise of and Hope for American Capital
The pundits are searching feverishly for the causes and cures of the current market meltdown. At this writing (Oct 13, 2008) the most likely culprits have been identified as the housing bubble (inflated housing prices), loose lending practices (inflated credit…