How the 10th Commandment Is Collapsing the Economy
By Dave Hodges
TheCommonSenseShow.com
June 25th, 2017
Traditionally, Americans’ saving habits are far below what they should be. Conventional wisdom says that everyone should aim to have at least six months’ worth of expenses socked away for the unexpected.
What Is the Root Cause of Our Financial Misery?
From the Christian perspective, and without hesitation, it is because most Americans are violating the 10th Commandment.
The full text of the 1oth commandment reads: You shall not covet your neighbor’s house. You shall not covet your neighbor’s wife, or his male or female servant, his ox or donkey, or anything that belongs to your neighbor.
To put these items relating to the 10th Commandment into perspective, we need to modernize the Commandment. to include the items mentioned in the 10th Commandment into modern objects and issues? When the 10th Commandment speaks of donkey, they were the mode of transportation of the time. Therefore, we are talking about our cars. How many of us go into deep debt in order to meet this desire of owning a nice car? So what do people do? They foolishly go into deep debt in order to meet this desire. the banks and other lending institutions are happy to accommodate this desire. They are creating the next big American bubble which will break. It is the car loan bubble. I previously covered this topic when I interviewed economist, Robert Kudla. In an interview I conducted with Kudla, het emphatically stated that car loan bubble will break the economy because it is the next big bubble. Simply,people have confused needs with wants and live beyond their means.
The Bad News for the Economy
The numbers are in and they are disturbing beyond belief.
The Rest…HERE
