"Ponzi" Schemes
Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s. Ponzi thought he could take advantage of differences between U.S. and foreign currencies used to buy and sell international mail coupons. Ponzi told investors that he could provide a 40% return in just 90 days compared with 5% for bank savings accounts. Ponzi was deluged with funds from investors, taking in $1 million during one three-hour period—and this was 1921! Though a few early investors were paid off to make the scheme look legitimate, an investigation found that Ponzi had only purchased about $30 worth of the international mail coupons.
Decades later, the Ponzi scheme continues to work on the "rob-Peter-to-pay-Paul" principle, as money from new investors is used to pay off earlier investors until the whole scheme collapses. For more information, please read pyramid schemes in our Fast Answers databank.http://www.sec.gov/answers/ponzi.htm
Presently a gentleman by the name of Bernard Madoff is being investigated for what some call the greatest Ponzi scheme of all, but is it really? As a nation, we trust in a paper currency that is backed by nothing (our founding fathers are rolling in thier graves over this one) and our debt to GDP is suicidle at best! Our President elect is under the assumption that he can fix this and I found a few links to some articles of interest if you wish to subject yourself to hard truths on the matter, please do.
http://www.realclearpolitics.com/articles/2008/08/obamas_economic_fairytale.html
http://www.nowpublic.com/world/obama-breaking-promises-no-tax-increase-rich-2009
http://www.house.gov/hensarling/rsc/doc/ca_081108_forbeseconomyfix.pdf
http://www.thenation.com/doc/20071022/madrick
On a prophetic level, what does our present situation look like and where will it lead? One truth I have learned in my studies of scripture (thanks to God blessing me with wisdom and knowledge from Him) is that there is always a spiritual root for what is present in our physical realm.
Ephesians 6:12 (New Living Translation)
12 For we[a] are not fighting against flesh-and-blood enemies, but against evil rulers and authorities of the unseen world, against mighty powers in this dark world, and against evil spirits in the heavenly places.
As a nation whom has been a blessing to the jewish nation of Israel we have been blessed.
Genesis 12:3I will bless those who bless you, and whoever curses you I will curse; and all peoples on earth will be blessed through you."
But greed has run rampant in our society and it does have consequences.
Ecclesiastes 5:10Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless.
1 Timothy 6:10For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.
One day soon our system of currency will fail and we must realize that is not where are faith is to reside.
Galatians 2:16know that a man is not justified by observing the law, but by faith in Jesus Christ. So we, too, have put our faith in Christ Jesus that we may be justified by faith in Christ and not by observing the law, because by observing the law no one will be justified.
One day a man shall rise to address this worlds wars and woes and many will believe his promises and think he is the shizzle!
Revelation 13
1And the dragon[a] stood on the shore of the sea.
The Beast out of the Sea And I saw a beast coming out of the sea. He had ten horns and seven heads, with ten crowns on his horns, and on each head a blasphemous name. 2The beast I saw resembled a leopard, but had feet like those of a bear and a mouth like that of a lion. The dragon gave the beast his power and his throne and great authority. 3One of the heads of the beast seemed to have had a fatal wound, but the fatal wound had been healed. The whole world was astonished and followed the beast. 4Men worshiped the dragon because he had given authority to the beast, and they also worshiped the beast and asked, "Who is like the beast? Who can make war against him?"
5The beast was given a mouth to utter proud words and blasphemies and to exercise his authority for forty-two months. 6He opened his mouth to blaspheme God, and to slander his name and his dwelling place and those who live in heaven. 7He was given power to make war against the saints and to conquer them. And he was given authority over every tribe, people, language and nation. 8All inhabitants of the earth will worship the beast—all whose names have not been written in the book of life belonging to the Lamb that was slain from the creation of the world.[b]
9He who has an ear, let him hear. 10If anyone is to go into captivity, into captivity he will go. If anyone is to be killed[c] with the sword, with the sword he will be killed. This calls for patient endurance and faithfulness on the part of the saints.
The Beast out of the Earth 11Then I saw another beast, coming out of the earth. He had two horns like a lamb, but he spoke like a dragon. 12He exercised all the authority of the first beast on his behalf, and made the earth and its inhabitants worship the first beast, whose fatal wound had been healed. 13And he performed great and miraculous signs, even causing fire to come down from heaven to earth in full view of men. 14Because of the signs he was given power to do on behalf of the first beast, he deceived the inhabitants of the earth. He ordered them to set up an image in honor of the beast who was wounded by the sword and yet lived. 15He was given power to give breath to the image of the first beast, so that it could speak and cause all who refused to worship the image to be killed. 16He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, 17so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.
18This calls for wisdom. If anyone has insight, let him calculate the number of the beast, for it is man's number. His number is 666.
This is the greatest Ponzi scheme of all and unfortunately many will fall victim to a lie. I pray that many lives may be changed for eternity in reading this by choosing Jesus Christ as Lord of their lives and having their eyes opened to the truth!
Do not be duped into the greatest Ponzi scheme, choose Christ today. Amen
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