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09/06/2024 - There are many deep truths in the word, which are difficult to understand. These truths require ex... Read More
09/05/2024 - In Hebrews 5:11-14, the anonymous author complains that many of his readers were having difficulty... Read More
09/04/2024 - The conflict between Israelis and Palestinians is usually viewed in terms of two ethnicities fight... Read More
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We have taken the five ministry gifts (Evangelists, Pastors, Teachers, Prophets, and Apostles) as an outline for the courses of Bible study in this School.
Our purpose is to equip those who are ministering with a knowledge of the Word, so that each will be more effective in fulfilling his or her calling.
Learn MoreUPDATE 2 (2:48 p.m.): ISDA has now declared that Greece’s restructuring does represent a default, meaning credit default swaps will trigger. Read the statement here.
The ISDA is the International Swaps and Derivatives Association.
Last night's bond agreement, where bondholders must take a 74% haircut, was an attempt to default without really defaulting. But the ISDA says otherwise, and that is enough to make it an "event." In other words, the insurance companies (banks) will have to pay for the losses. I don't know which big banks have insured these bonds as Credit Default Swaps, but I would not be caught holding stock in those banks.
This ruling should make them nervous. Watch for another AIG-style financial crisis, followed by another bailout. This time, though, the consequences could be far greater than in 2008.
Coming at the time of the Divine Deliverance Prayer Campaign makes this a significant event. It is comparable to the 1600-point free fall in the stock market 11 years ago, after we took captive the Prince of Usury on March 9, 2001.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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