Noah and the Ark

Genesis 47:15
And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? for the money faileth.

The Christian Science Monitor reported California will be out of money by March 2009.

http://news.yahoo.com/s/csm/20081210/ts_csm/abellyup

This may be another of many more major financial debacles to come.

Citizens, corporations and governments borrowed and spent money on bailouts, consumption, entertainment, guarantees, illegals, junkets, pork, subsidies and wars like there was no tomorrow. Seed capital disappeared as returns diminished.

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This entry was posted on Monday, April 6th, 2009 at 12:28 am and is filed under Prosperity. 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.

 

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