[geocentrism] credit
- From: "philip madsen" <pma15027@xxxxxxxxxxxxxx>
- To: <governor@xxxxxxxxxxxxxxx>, "geocentrism list" <geocentrism@xxxxxxxxxxxxx>
- Date: Tue, 11 Sep 2007 12:14:04 +1000
You will not get this message from any New church Vatican Bishop..
Particularly his last:
Q: What do we do ?
A: One, be ready for hardship. Two, do not be surprised if a 9/11 Part II
happens to distract us. Three, turn to the Gospel:- "Seek ye first the Kingdom
of God, and all these things will be added unto you". "Fear not him who can
harm only the body. Fear him who can throw body and soul together into Hell".
Economics are only of things bodily. Kyrie Eleison. Bishop Richard Williamson.
Philip.
Credit Crunch
Eleison Comments X
A global financial problem may soon be changing the lives of all of us. Let me
offer a few answers ( A ) to a few elementary questions ( Q ):
Q. What is the problem ? I have not yet felt anything.
A: The problem is a credit crunch, or, a worldwide lack of money. Money
circulating in an economy is something like oil circulating in an engine. Just
as an engine will seize up if there is not enough oil, so an economy will seize
up if there is not enough "liquidity", or money circulating.
Q: I might understand one or a few nations being short of money, but how can
they all be short at once ? How can such a problem be global ?
A: Because the unprecedented ease of communications and trade between modern
nations by, for instance, aeroplanes and electronics, is making the world into
a "global village" where all the national economies interlock, so that if one
nation, especially the USA, sneezes, they all catch cold. That is what is now
happening.
Q: Still, how can not enough money be circulating amongst all the nations at
once ?
A: Because the 300-year rise of "fractional reserve banking" means that the
vast amount of money circulating worldwide comes into existence in the form of
a loan. For instance you are most likely unaware that there is every
probability that even the cash in your pocket was borrowed by your country's
government from the country's (non-government) central bank, to which the
government is paying interest on that cash ! Now for a loan to take place, both
lender and borrower need confidence, the lender that he will be paid back, the
borrower (if he is honest) that he will be able to pay back. This confidence
has been dwindling in a big way, worldwide, since about July.
Q: Why ?
A: Mainly because of a new form of debt paper being introduced a few years ago
called "derivatives", named from debt deriving from other debt. Even many
experts are not exactly clear how derivatives work, which must be part of the
problem. However, one very successful American investor, Warren Buffett, who
must have studied them, has called them "weapons of mass financial
destruction". Indeed. There is now a shaking 30 trillion US dollar mountain of
derivatives threatening the world's financial system.
Q: What do we do ?
A: One, be ready for hardship. Two, do not be surprised if a 9/11 Part II
happens to distract us. Three, turn to the Gospel:- "Seek ye first the Kingdom
of God, and all these things will be added unto you". "Fear not him who can
harm only the body. Fear him who can throw body and soul together into Hell".
Economics are only of things bodily. Kyrie Eleison.
Bishop Richard Williamson
La Reja, Argentina
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