Showing posts with label bail out. Show all posts
Showing posts with label bail out. Show all posts

Saturday, October 04, 2008

Al Qaida says US Financial Crisis is a Muslim Victory

BY HADEEL AL-SHALCHI Associated Press Writer

CAIRO, Egypt (AP) –

An American member of al-Qaida pointed to economic troubles in the United States as proof that "the enemies of Islam" face defeat, in an English-language video released Saturday.

In a half hour video message, California-native Adam Gadahn urged Pakistanis to unite against their government and U.S. forces, and taunted Americans over their economic crisis, relating it to their military interventions.

"The enemies of Islam are facing a crushing defeat, which is beginning to manifest itself in the expanding crisis their economy is experiencing," said Gadahn, in a clip of the message distributed by the SITE Intelligence Group, a Washington-based monitor of militant Web sites.

"A crisis whose primary cause, in addition to the abortive and unsustainable crusades they are waging in Afghanistan, Pakistan, and Iraq, is their turning their backs on Allah's revealed laws, which forbid interest-bearing transactions, exploitation, greed and injustice in all its forms."

Read the rest of the Story here….

Thursday, September 25, 2008

4 Minute Devotions: Uncertain Times

During the present economic crisis, it's time to remind ourselves that our trust is in God, and not in greed.

Podcast version here

Psalm 77:8 Has his unfailing love vanished forever? Has his promise failed for all time?

We are living in uncertain times and we are all anxious about the economy. It seems that we have just about outlived our greed, and that we will all be tightening our belts and becoming more frugal about how we spend our money. I even saw a report the other day that teenagers are beginning to reject designer label clothing. Instead, they are starting to buy cheaper items in an effort to reject hyper-commercialism, in order to save their own money. That, in itself, is a sign of a more frugal society which will affect our economy.

We’ve all been here before. In every society and civilization, there is a time when profligate spending and financial speculation comes to an end. It usually coincides with a religious revival because people begin again to trust more in God rather than the economy. It’s a reality check on using greed to succeed. It’s usually replaced with integrity, frugality, and, oddly enough, generosity. Instead of thinking about what’s best for the individual, people become more altruistic and philanthropic. Instead of investing capital to gain more interest, people become more interested in community projects, charity organizations, and those in need.

That’s when we recognize that God’s love never fails. Economies and civilizations come and go, but the love of God, which is in and around us, remains. Instead of focusing upon where the market is each day, we recognize that each day is a gift from God. We give of ourselves in ways that glorify the goodness of God, instead of the greed of the market.

Perhaps you’re worrying and fretting over your finances today, and are wondering what to do about the economic crisis. This is the perfect time to come to God and ask His guidance, seek His presence, and acknowledge His sovereignty over the situation. Eventually, the market will sort itself out, but if we make and take time to place ourselves under God’s bidding, we will discover that our faith is stronger than the economy because faith, hope and love endure forever.

Prayer: Lord God, in these uncertain times, You are the Rock of refuge and the Anchor of our salvation. Help us to take time to ponder on Your influence over our lives, and see Your guidance over what’s happening in the world. Give us hearts that are full of hope and spirits that are encouraged by Christ. In Jesus’ Name, we mightily pray. Amen.

John Stuart is the pastor of Erin Presbyterian Church in Knoxville, Tennessee. If you would like to comment on today’s message, send him an email to pastor@erinpresbyterian.org.