Suzanne Sutton Posted April 9, 2009 Share Posted April 9, 2009 Failing Banks, Foreclosures of Mortgages, Unemployment Here is an interesting statement from Fundamentals of Christian Education, pp. 317, 318, by Ellen White: "...The land boom has cursed this country, extravagant prices have been paid for lands bought on credit; then the land must be cleared, and more money is hired; a house to be built calls for more money, and then interest with open mouth swallows up all the profits. Debts accumulate, and then come the closing and failure of banks, and then the foreclosure of mortgages. Thousands have been turned out of employment; families lose their little all, they borrow and borrow, and then have to give up their property and come out penniless. Much money and hard labor have been put into farms bought on credit, or inherited with an incumbrance. The occupants lived in hope of becoming real owners, and it might have been so, but for the failure of banks throughout the country." Comment: Very interesting, ...The Bible and the Spirit of Prophecy have many, many statements admonishing us to handle our finances with prudence and commen sense. At the some time we are also mindful that we serve a loving God who watches out for us: "I have been young, and now am old; yet have I not seen the righteous forsaken, nor his seed begging bread." Psalm 37:25. Suzanne Quote Link to comment Share on other sites More sharing options...
Members phkrause Posted April 10, 2009 Members Share Posted April 10, 2009 Isn't that interesting, and that's 100+ years ago, wow. pk Quote phkrause By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1} Link to comment Share on other sites More sharing options...
Moderators Gerr Posted April 12, 2009 Moderators Share Posted April 12, 2009 If families can't live on debt with impunity, I'm afraid neither can our gov't. I fear that debt, more than anything else, will be the undoing of our beloved country. That's why this outpouring of bail-out and stimulus money trying to revive what once was that actually got us into this mess, is the wrong thing to do. Quote Link to comment Share on other sites More sharing options...
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