Crazy Economics 101

February 26, 2009 — 1 Comment

If you are confused by the current lending and credit crisis, then watch this 10 minute video. It does a great job of describing what has happened. In a nutshell, the banks let people borrow more than they could afford, and when too many people defaulted, the banks got into big trouble.

Psalm 37:21 (NLT) – The wicked borrow and never repay,but the godly are generous givers.
Romans 13:8 (NLT) Owe nothing to anyone—except for your obligation to love one another.

As Christians, we should put ourselves into position to financially help those in need. And we should model and teach financial responsibility. If you are struggling with debt, then please start taking the steps to get out of debt as soon as possible. Check out Joe Sangl’s website where he has some excellent info about what to do next.


The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Mike

Posts Twitter Facebook

I am a former design engineer who now pastors Cornerstone Community Church in Galax, Virginia. I'm passionate about following Jesus and I love technology. I've been married to Jennifer for 18 years, and we have three awesome kids, Emma, Luke, and Drew.

Trackbacks and Pingbacks:

  1. Scott Magdalein - February 27, 2009

    Good video about the current economic situation from @faithengineer => http://tinyurl.com/c5sfxx

Leave a Reply