Is the US Economy Close to Hitting Bottom?

Jul. 25 2009

Probably not.

“Some commentators hold the view that the present economic crisis is the result of the Greenspan-chaired Fed’s extremely loose monetary policy between 2001 to June 2004. Yet for some strange reason the same commentators hold the view that Fed’s loose monetary policy since September 2007 has saved the economy from massive disaster. According to this way of thinking, at certain times pumping money is bad for the economy, while at other times it can be of great benefit. We find this logic extraordinary. Something that is bad cannot also be good. Printing money always undermines the bottom line of the economy. This is why it is always bad news.” – Frank Shostak

Link to complete article @


The Human Toll of the Mayflower Reformers

Jul. 16 2009

Amazing. You can see a larger image here.

Max Keiser takes offense to Goldman Sachs

Jul. 16 2009

Glenn Beck weighs in.

For the latest on GS add to your reader.

The Fed Under Fire (8 Minutes)

Jul. 12 2009

There are a few Congressmen who are actually starting to get it.

Tim Bayly on Cotton Candy Grace

Jul. 12 2009

Tim Bayly cites Titus 2:11,12 here with a few remarks on grace.

“The prattle about grace that permeates the sermons, fellowship-hall conversations, and books within the mainstream reformed church today tastes like cotton candy and leaves your hands sticky.”

I spent a little time studying the verses in which the word grace appears. My thoughts.

  • No surprise most of the references are found in the New Testament.
  • One thing I noted is that there seem to be two uses of the word “grace”.
    • One is something we can get more of and even something we can give or show others.
    • The other is the saving grace/mercy we receive from Christ…”by grace you have been saved”.
  • I don’t think the modern church does a very good job at distinguishing between these two uses. So if you are doing something that seems “ungraceful” according to the first meaning you are somehow seen as not understanding the second meaning.

Here are a few more passages for consideration, in line with Titus 2 I think, in which grace and obedience are tied together.

Romans 1:1-6 1 Paul, a servant of Christ Jesus, called to be an apostle, set apart for the gospel of God, 2 which he promised beforehand through his prophets in the holy Scriptures, 3 concerning his Son, who was descended from David according to the flesh 4 and was declared to be the Son of God in power according to the Spirit of holiness by his resurrection from the dead, Jesus Christ our Lord, 5 through whom we have received grace and apostleship to bring about the obedience of faith for the sake of his name among all the nations, 6 including you who are called to belong to Jesus Christ,

Romans 6:1-2 1 What shall we say then? Are we to continue in sin that grace may abound? 2 By no means! How can we who died to sin still live in it?

Romans 6:14 14 For sin will have no dominion over you, since you are not under law but under grace.