Will the Feddy Be Able to Overcome the Eddy?

News of a fire sale at Bear Stearns (BSC, news, msgs) had global markets in pandemonium today, even after the U.S. Federal Reserve Bank stepped in Sunday night to try to restore confidence in the financial-services sector.

After a rocky week for Bear Stearns, JPMorgan Chase (JPM, news, msgs) announced on Sunday that it would acquire the Wall Street giant for a mere $2 per share in a stock-swap deal.....--- opening atatement in news release on finance matters during morning of March 17, 2008

eddy - a current of air, water, etc. moving against the main current and with a circular motion; little whirlpool or whirlwind. --- Webster's New Universal Unabridged Dictionary

Ok, ok -- so it's a bit of a game with words and expressions -- "feddy" is my coined expression for the U. S. Federal Reserve and "eddy" of course is defined as noted above. Eddy represents the financial "current" which these days often goes against the flow of the goals of government, corporations and powerful individuals when it comes to a commodity called money.

The stock market continues to lose ground with what are considered "bad news" reports related to finance. The Federal Reserve then cuts interest rates a half point or so. Then there is a surge and the Dow "rebounds" -- this may be as much as 100 to 200 points or more! But as time passes there is another slide.

There is no lacking in the field of professed financial "experts" -- the guys that tell you how best to invest your money and what the hot stocks are, etc. Cable channels have programs devoted to this subject and there is an endless parade of discussions on the economy and the world of finance. The one thing they do not or are unwilling to face -- this so-called wealth (fat portfolios with "profitable" investments) thing is mainly on paper plus the fact that our nation is trillions of dollars in debt with some foreign countries owning a lot of that debt, including a major player called China!
Now the question is this -- how long will the Federal Reserve (Feddy) have to cut the rates to keep things on an even (and prosperous) keel so far as the United States' economy is concerned? Will they reach a point where there can be no more "cutting" because they have reached the big "0?" Will they reach a point where lenders will have to pay people or companies to borrow money? Yea, I know that is an absurd and very stupid question, but since I was on a roll with this -- I just had to toss it in!

On a more serious note -- when enough people and those who are in control of corporations have made money their god, the time does come when the Creator, Who owns all things including that which is finance related, of this universe begins to bring on some unpleasant happenings. It starts with something called chastisement and often will be directed to those things which have become an idol -- you know, something (or combination of things) which have priority in our lives and God and His revelation to us are placed in the corner somewhere to gather dust!

Note a few statements about this matter from God's point of view -- please understand that most people who hold all positions in life are not the least bit interested in God's point of view on anything! This alone mainly explains why our republic is in the chaotic condition that it is at the present time!

He who trusts in his riches will fall, but the righteous will flourish like foliage... He who oppresses the poor to increase his riches, and he who gives to the rich, will surely come to poverty... A man with an evil eye hastens after riches, and does not consider that poverty will come upon him... There is an evil which I have seen under the sun, and it is common among men: a man to whom God has given riches and wealth and honor, so that he lacks nothing for himself of all he desires; yet God does not give him power to eat of it, but a foreigner consumes it. This is vanity, and it is an evil affliction... Come now, you rich, weep and howl for your miseries that are coming upon you! Your riches are corrupted, and your garments are moth-eaten. Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days... "The merchants of these things, who became rich by her, will stand at a distance for fear of her torment, weeping and wailing, and saying, 'Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! For in one hour such great riches came to nothing.' And every shipmaster, all who travel by ship, sailors, and as many as trade on the sea, stood at a distance and cried out when they saw the smoke of her burning, saying, 'What is like this great city?' And they threw dust on their heads and cried out, weeping and wailing, and saying, 'Alas, alas, that great city, in which all who had ships on the sea became rich by her wealth! For in one hour she is made desolate.' Rejoice over her, O heaven, and you holy apostles and prophets, for God has avenged you on her!" --- Proverbs 11:28; 22:16; 28:22; Ecclesiastes 6:1, 2; James 5:1-3; Revelation 18:15-20

A conclusion to all this? Simply, that when money has become a prominent "god" in a culture, then Almighty God Who put this universe together by spoken command will so arrange things that even Feddy cannot overcome the Eddy!

The solution, of course, is a deliberate choice of action called repentance from sin -- but that is something which about all cultures at any given time refuse to do -- there are ruins from out of the past that bluntly remind us of this unchanging fact!

Look! Is that your money going down that bathroom piece of furniture? Quick, call "Feddy" -- maybe it can put the brakes on it!

Wow! The Dow Blasts Through 13,000 -- But That Doesn't Mean a Chicken in Every Pot!

But know this, that in the last days perilous times will come: for men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away! --- 2 Timothy 3:1-5

Wall Street ready to throw a party in the streets -- money rolling like a mighty river -- "experts" on investing so excited that they might even dampen their britches and start looking for some Pampers to assist them in their "emergency" circumstances!

Yes, for a time there are some who are making money like crazy -- as one convicted "insider" said years ago, "A little greed is a good thing!" For a time he served in a "country club" prison environment (designed just for "white color" people) and then was released to spend all his millions made with a bit of "manipulating" in the world of finance.

But the masses within our republic will reap no benefits from this supposed "boom" as the DOW ascends to new heights. It can be proven by data available that the gap between the rich and poor is an ever widening chasm.

Greed is the motivating factor more and more with obscene profit figures being released by a growing number of corporations such as those dealing with petroleum, pharmaceuticals, etc. And there is that Haliburton outfit (with which Dick Cheney had direct connections years ago) which is making money by the truck loads under the guise of "reconstructing" Iraq, and which has made a move to shift headquarters into an Arab country! Anyone out there noticed lately about an "accountability" problem with millions and millions of dollars in the so-called "reconstruction" of Iraq?

A number of companies have dismantled operations here in the U. S. and have set up shop somewhere overseas or across the border in Mexico where workers will be paid a piddling amount under unhealthy work conditions to put together a product which will be sent here for sale! Have you made it a practice to look at where your purchased consumer items have been made? Write down the names and see how soon you have a quite a listing of countries which occupy representative seats at a place called the United Nations!

But who cares? So long as the select "few" make tons of money in the process everyone will be happy, right? And every once in a while we hear a word from that dark, dismal and depressing place known as Washington DC about how great the economy is doing!

OK -- enough of the attempt to bring us down to reality! This republic which finds itself in a most tragic state of spiritual, moral and ethical bankruptcy will discover likely too late that what seems to be a financial "boom" really is not, and is to be likened to an overinflated balloon about to pop! And guess who has the pin in His hand ready to prick it?

Among the many "idols" which have been set up over the years in this nation, the one which occupies the #1 position is most likely money. God has indicated that He will judge a nation and in the process He will bring its gods to nothing! He did it in ancient Egypt and in ancient Babylon as well as in dealing with many other peoples as history has run its course -- here is God's declaration about the matter:

The LORD will be awesome to them, for He will reduce to nothing all the gods of the earth; people shall worship Him, each one from his place, indeed all the shores of the nations. --- Zephaniah 2:11

In fact it is predicted that the time will come as human history reaches its final stages that fear will drive even prominent, powerful and very wealthy people into the recesses and cavities of the earth's surface! You don't think it will happen, do you? If you disagree, you'll have to have a heart to heart talk with the One Who said this:

The loftiness of man shall be bowed down, and the haughtiness of men shall be brought low; the LORD alone will be exalted in that day, but the idols He shall utterly abolish. They shall go into the holes of the rocks, and into the caves of the earth, from the terror of the LORD and the glory of His majesty, when He arises to shake the earth mightily. In that day a man will cast away his idols of silver and his idols of gold, which they made, each for himself to worship, to the moles and bats, to go into the clefts of the rocks, and into the crags of the rugged rocks, from the terror of the LORD and the glory of His majesty, when He arises to shake the earth mightily. --- Isaiah 2:17-21

It's really not a question of whether that Wall Street "balloon" will pop, but rather WHEN it is going to happen!

Stayed tuned for the next edition of further discussion on this interesting subject of money and how to be wise in handling whatever amount God sees fit to entrust to your care -- that way you won't get burned as will happen to the majority in the future!

"After a long time the lord of those servants came and settled accounts with them. So he who had received five talents came and brought five other talents, saying, 'Lord, you delivered to me five talents; look, I have gained five more talents besides them.' His lord said to him, 'Well done, good and faithful servant; you were faithful over a few things, I will make you ruler over many things. Enter into the joy of your lord.'" --- Matthew 25:19-21