News You Need to Know
2nd Annual Women's Conference 2009:
 Keynote Speaker is Dr. Debbi Dunlap!
Click Here To View Entire Conference Flyer!
Prophetic Notes - Part II:
As
the national economy and world economy spirals downward, a good
question to ask is “how did this happen?”. The seeds
for this economic disaster were planted in the early 90’s
under the Clinton Administration. The Clinton Administration decided
to de-regulate, less regulate, and/or no regulate the banking industry,
especially in regard to loans. Part of this de-regulation allowed
for leveraging. Leveraging simply means banks and other lending
institutions could now “loan-out” up to ten times their
cash assets. Many of these loans would require no down payment or
collateral. Now follow this illustrative scenario to show you “what
happened”.
I go to my bank (bank A) and deposit
$1000 in my savings. Bank A – under the new de-regulation
guidelines – can multiply my deposit by ten (10 x $1000) and
loan $10,000 to “John Doe” with interest. Bank A now
has a note for $10,000 plus $3,000 interest from John Doe for four
years. Bank A takes this note (IOU) and sells it to Bank B for $11,000.
Bank B – if the note is paid in full – makes $2,000
at the end of four years. Bank A takes the $11,000 it received from
selling the note and now multiplies it by ten (10 x $11,000) and
loans Mary Jones $110,000. In 15 years, Mary Jones will have paid
off her loan of $110,000 with $50,000 of interest. Bank A sells
this note to Bank C for $130,000. Are you following the process?
Bank A now has the ability to loan out 1.3 million dollars to Corporation
Brown, sell the note to Bank D, and on it goes. Multiply this by
thousands of banks across the world over 15 years and you can see
the financial “house of cards” that was built. It is
estimated over 250 trillion dollars of loans was generated in this
fashion with no assets to back them. When this ponzi loan bubble
“burst” (early 2008), a rippling effect, like a earthquake,
of defaults occurred. The defaulting on these loans has brought
massive unemployment, multiple plant closures, insolvent banks,
de-inflationary pricing, and a trillion dollar government “bail-out”
to the banking industry. This crash will continue until something
halts the slide – and it will not be an economic stimulus
package.
Historically, when a de-inflationary
crash has occurred (recession or depression) it has only been stopped
and reversed by one thing . . . WAR! Saddenly, tragically, war brings
jobs, opens plants, increases spending, and drives up prices . .
. all at the cost of thousands upon thousands of casualties. As
this global financial crisis and crash lingers, it would not surprise
me to see wars spring-up across the world. I foresee – based
on contrived reasons and flimsy excuses – this country at
war again soon to salvage the economy. Russia, China, and even Iran
will also be looking for a place to pick-a-fight as well. This escalation
of wars and economic crisis sets the stage for the last world dictator
to come promising peace and prosperity.
In closing, 2009, 2010, and the years
to come, are going to be challenging times for this country and
church. As patriots, pray for God to show grace to this nation that
we might continue to be the “land of the free and the home
of the brave”. As Christians, may we get serious about our
Faith. The hour is late and the situation is urgent. What we are
going to do for our Lord we better do quickly. Today, let’s
endeavor to walk in the truth, stay on the path of righteousness,
and witness on the highways of this world until the “Midnight
Cry”. Friends our “marching orders” are simple:
speak-up, pray-up, and show-up till we go-up!
Love,
Pastor Jim
AWANA:
Awana is fun with a purpose - to
reach and train kids for Jesus Christ. Games, puppets, crafts, awards
and other activities transform our AWANA program into a lively weekly
experience where fun and learning go hand in hand.
Every Wednesday, August through May
from 6:30 - 8:30 PM
Registration for the 2008 - 2009
Awana year will begin August 27th.
Men's Small Group Discipleship:
Miles Road is now offering small
group discipleship for men during the week. Currently we have three
opportunities for men to connect with other men for prayer, accountability,
and discipleship. Please consider joining one of the following current
men's groups.
Tuesday 6 AM led by Keith Wilson
Thursday 7 PM led by Norman Fortier
Saturday 8:30 AM led by Rod Knight,
Jeff Arnold, and Chris Mills
|
|
Service Times:
Sunday Mornings:
8:30 AM & 10:30 AM
Sunday School:
9:00 AM & 10:30 AM
Sunday Evenings:
6:00 PM
Wednesday Evenings:
Adult Prayer Service
7:00 PM
Student Ministry
7:00 PM
Children's Ministry
(AWANA)
6:30 PM
 Contact Us
Find our Church!
|
|
