Jubilee Prosperity

Aloha all.

Friends and family, have Courage and Be of Good Cheer, for these are the times that may try men’s souls.

The markets are divided. This is nothing new under the sun.

We have long had Producers, Speculators and those in between.

Is this the first time in recorded history speculators slammed economy, people and producers with considerable cash and credit power?

Scripture tells us No.

The Borrower is still slave to the lender per Proverbs 22:7.

This is the age of Speculation, when people like Warren Buffett’s Berkshire Hathaway or George Soros’ Quantum Fund buy, hold and sell to grow assets 434,057%, or 32% a year compounded annual growth rate after fees.

http://www.berkshirehathaway.com/letters/2009ltr.pdf

http://en.wikipedia.org/wiki/George_Soros

The Federal Reserve, leveraged 20:1 with 5% down, earned even higher Returns on Investment, setting a 96-year record of $45 Billion in 2009 after expenses during a tough year for many.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/11/AR2010011103892.html

We know Moses in the Old Testament banned usury, Jesus drove the moneychangers from the Temple, then Mohammad and the Quran banned reba.

http://www.submission.org/islam/usury.html

Is there a downside to speculation?

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This entry was posted on Sunday, March 7th, 2010 at 4:29 pm and is filed under Money doctor and Counselor. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.