10 posts tagged “economics”
He who oppresses the poor to increase his riches,
And he who gives to the rich,
will surely come to poverty.
King Solomon
"Wealth obtained by fraud will dwindle,
but whoever earns it through labor
will multiply it."
King Solomon
He who by charging excessive interest and who by unjust efforts to get gain increases his material possession gathers it for him-- to spend-- who is kind and generous to the poor.
King Solomon
Is it fair to shoot down a man who received a mess by inheritance?
You fools with the guns
your lips are flapping
yet
you make no sense.
PERSPECTIVE:
A man cannot be condemned for what he inherits and the mouths of senseless fools never stop!
SOLUTION:
Carry on President Obama
ignore the fools,
hold up your head and lead!
The mess you inherited was made over a long period of time
and time is exactly what it will take to fix it!
Dear AIG,
In light of your recent bonus payout whereby you have justified your deplorable actions by saying you handed out said bonuses because you made promises that couldn't be broken. I would like to know since when did you think it was so important to keep promises? That being said there is something that you should know in your quest to justify your actions. This little bit of wisdom I want to share with you was written by the ancient prophet Jeremiah. The message is still good. Apply it to yourselves:
"You cut and hurt a lot of people to get where you are.
And yet you have the gall to say, 'I've done nothing wrong.
God doesn't mind. He hasn't punished me, has he?'
Don't look now, but judgment's on the way,
aimed at you who say, 'I've done nothing wrong.' "
"The "crack cocaine" of our generation appears to be debt. We just can't seem to get enough of it. And every time it looks like the U.S. consumer may be approaching his maximum tolerance level, somebody figures out how to lever on even more debt using some new and more complex financing. For years, I have watched this levering up process, often noting that it was taking an ever increasing amount of debt to produce a dollar's worth of GDP growth."
--Jeff Saut, chief investment strategist, Raymond James & Associates, September 2007
"I realized the reason people work hard and try to succeed: They are jealous of each other. This, too, is useless, like chasing the wind.
Some say it is foolish to fold your hands and do nothing, because you will starve to death.
Maybe so, but I say it is better to be content
with what little you have.
Otherwise, you will always be struggling for more,
and that is like chasing the wind."
King Solomon
Is it BAD MONEY
or
BAD MEN handling money???
The blessing of the LORD,
it maketh rich,
and He addeth no sorrow with it.
King David
Maybe if we looked at the history of things.......
...we'd know what to do now
Reading assignment:
Wall Street: A History (Paperback)
by Charles R. Geisst (Author)