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That every knee should bow and every tongue should confess that Jesus Christ is Lord to the glory of God the Father!

Posts Tagged ‘A.C.O.R.N.’

The True Source Of The Economic Collapse: It Wasn’t Poor Minorities Trying To Buy Homes!

Posted by Job on March 25, 2009

Now during the sham presidential election, alleged conservatives and Republicans came up with this scenario where the Democrats were actually to blame for the economic collapse because of affirmative action rules passed by the Carter administration, strengthened by the Clinton administration, and pushed by the Barack HUSSEIN Obama affiliated group ACORN and several Democrats on Congressional banking committees to pressure banks into approving mortgage loans for people who could not pay for them. Now this scenario was never plausible, because A) if that was the reason the economic collapse would have happened long ago and moreover B) economists have shown that mortgages to high risk groups are only a tiny part of the banking collapse. The main thing to remember, however, is that it was just another partisan device to distract people from the fact that both parties are working for the anti-Christ team leading us towards an essentially global economy and government. And besides, the Bush administration made increasing home ownership in minority and poor communities a major part of its domestic agenda (I should know, as I was a huge Bush Republican at the time!), the whole “ownership society” thing. 

Well, as it so happens, I was listening to conservative talk radio while driving home from visiting relatives last week (the reception was horrible on the station that features generally doctrinally sound preachers, rendering it unlistenable) and for whatever reason, this fellow chose to let the truth out. It turns out that in December 2000, as one of the last major pieces of legislation passed by the Clinton administration (and also while the nation was distracted by the Florida recount fiasco and its aftermath) a major regulatory change, the Commodity Futures Modernization Act of 2000, was passed, greatly expanding the items that could be traded (bought and sold) as commodities futures. Two of them included energy and DEBT. Yes, banks and other entities were able to trade debt obligations as commodities futures just like corn, wheat, pork, and gold.

Now energy futures caused the Enron collapse, and that is what this post speaks of. However, this talk show host was speaking of how trading in DEBT futures, allowed by this bill, is what really caused the financial crisis. Of course, his agenda was not correcting the misinformation on the financial crisis being caused by the Community Reinvestment Act. Instead, his point was that this Commodity Futures Modernization Act was something attached to a huge omnibus bill that no one debated or even read, and that there were likely similar devastating measures in the HUSSEIN Obama stimulus bill and spending bill recently passed. And I agree. But while that was his point, it was not my point.

My points are that A) the utterly contrived recount fiasco contributed to this bill being passed without anyone knowing about it. B) This measure was not amended or repealed even after the Enron fiasco showed how damaging it could be to our economy. Both parties were in on this. C) The political discourse of both parties, whether the “conservatives” that were blaming ACORN and the Community Reinvestment Act or the “liberals” blaming corporate greed and irresponsiblity, was designed to divert attention away from the real cause. 

If both sides are trying to deflect attention from this matter and neither are doing anything to fix it, what does that mean? My proposal is that they are both in this together. After all, would the radical changes to our economy and government that have already been made, let alone those proposed for the future, been possible had it not been for this collapse? And no, don’t fall for the trap of blaming it all on the socialist/Marxist/whatever Obama, because the first piece of the massive overhaul was the $700 billion banking bailout championed by Republicans and signed by Bush. By the same token, don’t fall for the trap of blaming Bush and Republican economic policies, including even the war in Iraq that I myself oppose, as again, this law was enacted by the Clinton administration. Instead, realize that both parties are in this together working towards the same goal.

And what goal would that be? Integrated global markets and economies, and of course once the economies are integrated, political integration will either logically follow, or in truth not even be necessary: what does it matter what governments do if the corporations are running the world anyway? Please see Revelation 14 and Revelation 18 for the statements about Babylon, which I believe refers to a global economic system, falling. For instance, see Revelation 18:3, which reads, “For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.” Also please take note of Revelation 17:6 and Revelation 18:24. “And I saw the woman drunken with the blood of the saints, and with the blood of the martyrs of Jesus: and when I saw her, I wondered with great admiration” and “And in her was found the blood of prophets, and of saints, and of all that were slain upon the earth.”

So, this economic system will declare all out war on the church and kill a great many of its members. The mark of the beast system perhaps? Of course, premillennial dispensationalists believe that the rapture will precede the fulfillments of Revelation 14-18. And amillennialists do not believe that this verse will be fulfilled literally in any sense. Being in the chiliast camp myself (that being one who believes in a millennium but not the rapture) I say that these continuing economic developments are reasons for all those born again in Jesus Christ who love Him by keeping His commandments to watch the world events, to study the scriptures, and to pray without ceasing.

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Did The Pentecostal Prosperity Doctrine And TBN Cause The Financial Crisis?

Posted by Job on October 3, 2008

Foreward: please note that the Bible DOES NOT PROMOTE reckless financial behavior, but quite the contrary promotes hard work, frugality, and conscientiousness. Contrast the ostentatious wealth of King Solomon – who left God for syncretism – with Jesus Christ, who was born in a manger and lived the life of a pauper. And as for you prosperity preacher adherents, well, you wanted to be world changers, right? To take authority and dominion? Well, it looks like you did it. Your doctrines helped cause the international banking crisis that just may set the stage for the anti – Christ to come to power. By the way, sorry for picking on Palin, because TONS of black prosperity doctrine preachers have gotten behind Obama as well. You know, it makes for the perfect conspiracy theory.

All of these Council on Foreign Relations – backed preachers get on TV – especially if they own networks like TBN – or dominate the book publishing market (Left Behind) or even get mainstream publicity (like TD Jakes on the cover of Time Magazine – which ironically published this article ) which exploit the poor with false promises of wealth. Then have the same Council on Foreign Relations – connected politicians (Bush Sr., Bush Jr., Clinton, Gingrich at minimum) change the banking laws, requiring/forcing banks to lend to these people. And when the inevitable economic collapse occurs (which by the way was just the result of terrible economic policy dating back to at least Reagan … remember how the Democrats AND Republicans exhorted you to go buy an SUV and invest your retirement accounts in Pets.com in the 1990s … and that speaks nothing of deficit spending and free trade deals with third world countries where people will gladly work for $5 a day) then use it as an excuse to practically nationalize the banking sector and promote economic globalism. If this WASN’T a conspiracy, it certainly played out like one. In any event, now you see how massively evil false doctrines are, and the prosperity doctrine is both false and evil.

Foreclosures: Did God Want You to Get That Mortgage? 

or “God caused the bank to ignore my credit score and blessed me with my first house.” 

Has the so-called Prosperity Gospel turned its followers into some of the most willing participants — and hence, victims — of the current financial crisis? That’s what a scholar of the fast-growing brand of pentecostal Christianity believes. While researching a book on black televangelism, says Jonathan Walton, a religion professor at the University of California Riverside, he realized that Prosperity’s central promise — that God would “make a way” for poor people to enjoy the better things in life — had developed an additional, toxic expression during sub-prime boom. Walton says that this encouraged congregants who got dicey mortgages to believe “God caused the bank to ignore my credit score and blessed me with my first house.” The results, he says, “were disastrous, because they pretty much turned parishioners into prey for greedy brokers.”
Others think he may be right. Says Anthea Butler, an expert in pentecostalism at the University of Rochester in New York state, “The pastor’s not gonna say ‘go down to Wachovia and get a loan’ but I have heard, ‘even if you have a poor credit rating God can still bless you — if you put some faith out there [that is, make a big donation to the church], you’ll get that house, or that car or that apartment.'” Adds J. Lee Grady, editor of the magazine Charisma, “It definitely goes on, that a preacher might say, ‘if you give this offering, God will give you a house. And if they did get the house, people did think that it was an answer to prayer, when in fact it was really bad banking policy.” If so, the situation offers a look at how an native-born faith built partially on American econoic optimism entered into a toxic symbiosis with a pathological market.

Although a type of Pentecostalism, Prosperity theology adds a distinctive layer of supernatural positive thinking. Adherents will reap rewards if they prove their faith to God by contributing heavily to their churches, remaining mentally and verbally upbeat, and concentrating on divine promises of worldly bounty supposedly strewn throughout the bible. Critics call it a thinly disguised pastor-enrichment scam. Other experts, like Walton, note that for all its faults, it can empower people who have been taught to see themselves as financially or even culturally useless to feel they are “worthy of having more and doing more and being more.” (Sure, if you forget about the Bible says that the Holy Spirit, God the Father,and Jesus Christ are supposed to comfort and reassure us. Blessed are the poor for theirs is the kingdom of heaven.) In some cases the philosophy has matured with its practitioners, encouraging good financial habits and entrepreneurship.

But Walton suggests that a decade’s worth of ever-easier credit acted like drug in Prosperity’s bloodstream. “The economic boom 90’s and financial over-extensions of the new millennium contributed to the success of the prosperity message,” he wrote recently. And not positively. “Narratives of how ‘God blessed me with my first house despite my credit’ were common. Sermons declaring ‘it’s your season to overflow’ supplanted messages of economic sobriety,” and “little attention was paid to.. the dangers of using one’s home equity as an ATM to subsidize cars, clothes and vacations.”

With the bubble burst, Walton and Butler assume that prosperity congregants have taken a disproportionate hit, and are curious as to how their churches will respond. Butler thinks that some of the flashier ministries will shrink along with their congregants’ fortunes. Says Walton, “You would think that the current economic conditions would undercut their theology.” But he predicts they will perservere, since God’s earthly largesse is just as attractive when one is behind the economic eight ball.

A recently posted testimony by a congregant at the Brownsville Assembly of God near Pensacola, Fla., seems to confirm his intuition. Brownsville is not even a classic Prosperity congregation — it relies more on the anointing of its pastors than on scriptural promises of God. But the believer’s note to his minister illustrates how magical thinking can prevail even after the mortgage blade has dropped. “Last Sunday,” it read, “You said if anyone needed a miracle to come up. So I did. I was receiving foreclosure papers, so I asked you to anoint a picture of my home and you did and your wife joined with you in prayer as I cried. I went home feeling something good was going to happen. On Friday the 5th of September I got a phone call from my mortgage company and they came up with a new payment for the next 3 months of only $200. My mortgage is usually $1020. Praise God for his Mercy & Grace.”

And pray that the credit market doesn’t tighten any further.

Some videos that speak of the error of these doctrines.

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