I don't need to tell the savvy readership of The Christian Post that this economic "recovery" has been a combination of smoke and mirrors, held together with a shoestring and bubble gum.
The plummeting economy, triggered by the collapse of our government-inflated housing bubble, was temporarily slowed in its break-neck decline by the Obama administration's decision to shovel astronomic amounts of taxpayer money into a hole. In June 2010, after the first round of Quantitative Easing, the Fed had holdings of $2.054 trillion. In November 2010, deciding that things weren't improving fast enough, QE2 was launched and we bought up another $600 billion of assets/debt. When that failed to stimulate the market into a full-on recovery, QE3 was announced in September of 2012. At that point, the Fed declared that they would be buying $40 billion/month for an open-ended duration.
Should be sufficient, right? Even the piggish appetites of our central bankers should be sated by an open-ended allowance of 400 million dollars EVERY SINGLE MONTH, right? Wrong. Just 3 months after the announcement of QE3, the Federal Open Market Committee declared that the bond-buying would be increased from $40b a month to $85b, more than doubling the amount of debt the American people were being given every month. Make no mistake; there is no money to spend on these debt purchases. This is referred to as "fiat money" as it is created by fiat, not by any market mechanisms or wealth creation. Each time money is created in this fashion, the dollar you hold in your wallet or your 401(k) gets a little weaker. The greedy progressives behind this diabolical process have discovered that they can rob you without ever touching your billfold, simply by watering down the funds they already control. more >>
A Baltimore pastor is helping city leaders find qualified candidates within his congregation to fill 1,700 jobs available at a casino, despite the possible implications that can arise from Christians working in the gambling industry.
Pastor Alvin C. Hathaway of Union Baptist Church says helping his members have access to employment has been one of his ministry's top priorities, since the average income for a family of four is $13,000 in the Upton neighborhood where his church is located.
"You can be in something but not be of it," said Hathaway to The Christian Post. "People of faith could work in that industry and not be tainted or polluted. There is a moral issue associated with gambling but there is also a social need within Baltimore." more >>
WASHINGTON – A panelist speaking on the morality of markets proclaimed that capitalism is miraculous, and the debate may have convinced the Dalai Lama – leader of Tibetan Buddhism – to open his mind to capitalism.
"Free markets really are miracles," declared Jonathan Haidt, professor of Ethical Leadership at New York University, at the American Enterprise Institute on Thursday. "You really can turn water into wine, vast quantities of wine, at low, low prices, as long as the vineyard owners can get access to cheap credit and transportation networks, and have property rights."
The Dalai Lama seemed impressed by such arguments. "After listening, yesterday and today, I have more respect for capitalism," the religious leader, a self-described Marxist, declared, with a laugh. more >>
A Tuesday report by the Congressional Budget Office estimates that increasing the minimum wage to $10.10 per hour would lead to about 500,000 fewer jobs and most of the benefits would go to those out of poverty than in poverty.
In last month's State of the Union Address, President Barack Obama proposed increasing the minimum wage to $10.10 per hour. The federal minimum wage is currently $7.25.
The report shows that 900,000 workers would be lifted out of poverty under Obama's proposal, but at the cost of 500,000 fewer jobs. Plus, some who are already well above the poverty line would benefit more than those below the poverty line. more >>
Diners at a Maui restaurant stun thir waiter with a $1,000 gratuity on a $61 meal and cite two Scriptures on their check.
"Not a typo!" the diners wrote on the receipt that included the Bible verses "2 Cor 9:7" and "Jeremiah 29:11," Hawaii News Now reported Monday.
Terry Thrasher, whose family owns Maui Brick Oven, told Hawaii News Now that he and his wife spoke to the visitors and described their convrsation as "amazing." more >>
WASHINGTON — Young Evangelicals argued that Christianity and libertarianism are compatible, and some even claimed that Christians should advocate for libertarian causes.
"Christians actually ought to feel outraged that the redemptive power of charity has been taken from us and given to an unfeeling, coercive state," Leah Stiles Hughey declared at a Saturday panel at The International Students for Liberty Conference. She claimed that when government gets involved in giving to the poor it denies the God-given human dignity of both giver and receiver. more >>