Archive for December, 2009

A Belated Merry Christmas from Cominus

Sunday, December 27th, 2009

Merry Christmas and a Happy New Year. We wish for you, in 2010, the greatest prosperity and blessings.

A WORD ABOUT YOUR PROSPERITY:

Over two thousand years ago, God sent His Son, Jesus Christ to be born like one of us – to die for all of us. He paid the price for our sin. Our sin is in our nature and our nature is to reject God and His authority; and we cannot pay for that, not even with our own blood. But God, Himself, came to earth, became one of us. He willingly left His splendor in Heaven and suffered death at the hands of men – the hands of men He created, in order to bring us back to God. That is why Jesus said, He came to give us life more abundantly (John 10:10).

This is why birthday parties for Jesus really miss the point: Christmas is not a celebration of Jesus’ birthday. We are not celebrating another year older, nor are we celebrating the date of His birth. We are celebrating God’s greatest gift to man, the gift of Himself and His willing sacrifice – we are celebrating Christ’s triumph over sin and death, so we can live with Him forever; and He gives us freedom on earth, no matter our lot in life.

In the days of old, and Bible times included, it was common to celebrate with song, festivities and the giving of gifts whenever a people received a great victory, military or otherwise. So, too, in our giving of gifts to family and friends, we are celebrating the salvation and redemption God has given freely to man. This is why we give – not to fulfill some materialistic lust, though it appears we have devolved into this as a society. When we give our gifts, let us remember the reason for the giving – Jesus has conquered death, and that is our greatest victory.

The best way to celebrate Christmas is to receive the gift God has given to men (read John chapter one). This gift was God who became man, who died for our sin in our place. Everyone who repents of their sin and receives this gift will have everlasting life. This is true prosperity and the greatest prosperity, indeed.

ANOTHER WORD ABOUT GIFT GIVING:

Solomon and the queen of Sheba demonstrated the best template for gift exchanging: when visiting bring a gift from your wealth – gold, silver, costly spices, jewels and such. Your host, in turn displays his wealth and you choose what you will. It was noted in the account the queen of Sheba left with more than she brought. Visiting trumps hosting.

PLEASE ENJOY THIS VIDEO AND SONG:

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Freedom Is In Your Hands

Monday, December 21st, 2009

America will remain free if we are willing to fight tyranny from without and within. This is a video produced for Matt Shea, who is running for Congress in Washington State to fight for liberty against federal tyranny.

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U.S. Bankruptcy would mean big trouble for Washington

Friday, December 18th, 2009

Within the next 12 months, the United States Treasury must refinance $2 trillion in short-term debt, yet massive deficit spending continues.

AT WHAT POINT DO WE GO BANKRUPT?

Frankly, I’m worried for our nation and for the state of Washington.

Within the next 12 months, the United States Treasury must refinance $2 trillion in short-term debt, along with additional deficit spending, estimated at $1.5 trillion.

This is simple economics: The Treasury can’t borrow $3.5 trillion in only one year. That’s nearly 30 percent of our entire Gross Domestic Product! Where will the money come from?

Typically, to minimize its interest burden, the Treasury borrows for short durations and then “rolls over” the loans when they come due. In theory, as long as they can extend the debt, there’s no problem. And that has led to ever greater amounts of debt for ever shorter durations at ever lower interest rates.

PAYDAY IS SOMEDAY

Sooner or later, creditors start asking themselves: What are the chances I will ever actually be repaid? And that’s when the trouble starts. Interest rates soar. Funding costs skyrocket. And bankruptcy is certain.

In fact, economists Alan Greenspan and Pablo Guidotti created a formula to accurately predict when a country will go bankrupt, or “default.” The Greenspan-Guidotti Rule is simple: If a country does not have enough in reserves (savings) to cover all of its foreign short-term debts when they become due, it will default.

When this happens, we become a terrible credit risk, and speculators target our bonds and currency, making it impossible to refinance the debt. Then default is certain. Using this scale, the U.S. has reached guaranteed default.

BIG DEBT, LITTLE SAVINGS

The U.S. holds 8,133.5 metric tons of gold worth about $300 billion, 725 million barrels of oil reserves worth roughly $58 billion, and $136 billion in foreign currency reserves. Altogether that’s about $500 billion of reserves.

Foreigners own 44 percent of our debts, which means we will owe them at least $880 billion in the next 12 months – an amount far larger than our reserves. With $1.5 trillion more of deficit spending slated for this year, our total funding requirements will top $3.5 trillion.

As the United States continues to move closer to defaulting, creditors hesitate to buy our bonds knowing the value of the payback is uncertain. If the U.S. defaults, our state’s ability to borrow and our businesses’ ability to borrow and grow local economies will also be at risk.

We will only become solvent again when the government stops spending – both at the state and federal level.

Sincerely,

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