Latest Posts
View the latest posts in an easy-to-read list format, with filtering options.
View the latest posts in an easy-to-read list format, with filtering options.
Multi-part posts on a particular topic, grouped together in "series" pages.
Look through our blog archive by year / month, or in a massive title list.
12/24/2024 - Here is the prayer of dedication that the living stones of the true Temple are to pray on the firs... Read More
12/23/2024 - On November 29, 2024 the word of the Lord surprised us by telling us that the overcomers were now... Read More
12/22/2024 - General Kirillov was the one who discovered that the 46 US biolabs in Ukraine were developing a vi... Read More
Read over 100 books written by Dr. Jones, available to read for free online. Several of the books have also been translated into different languages, and are also available to read for free. The only time you pay is when you purchase a physical version of a book.
View Full Book List
Read a variety of tracts that condense a topic into a short, single page format. These tracts can be read for free online, or physical copies can be purchased in bundles. If you are subscribed to the FFI Newsletter, you will receive new tracts when they are released.
View Full Tract List
The contrast between the US and Iceland is huge. As a result of the 2007-2008 economic crisis, the US fined banks but did not jail any of the bankers themselves. The fines were far smaller than the amount of money the banks made on their fraud and theft.
Iceland, however, took a very different path, jailing bankers and refusing to make the taxpayers responsible to bail out the banks.
http://www.loansafe.org/iceland-sentences-26-corrupt-bankers-to-74-years-in-prison
“When the banking induced “Great Recession of ’08” struck, Iceland’s economic hit was among the hardest. However, instead of rewarding fraudulent banking procedures with tons of bailout money, they took a different path….
“When Iceland’s three major banks collapsed, it resulted in defaults totaling $114 billion in a country with a gross domestic product (GDP) of only $19 billion. In October, 2008 the parliament passed emergency legislation to take over the domestic operations of the major banks and established new banks to handle them. They did not, however, take over any of the foreign assets or obligations. Those stayed with the original banks, right into bankruptcy.
“They then brought charges against several banking executives for fraud and market manipulation, resulting in sentences ranging from four to five and a half years….
“In the U.S., we simply tapped a few wrists with small fines, that ended up being paid by their respective banks….
“As to how it has all turned out, here’s what the International Monetary Fund Survey has to say about it:
“Iceland has rebounded after the 2008/9 crisis and will soon surpass pre-crisis output levels with strong performance in tourism and fisheries. Debt ratios are on a downward path and balance sheets have broadly been restored. The financial sector is back on track though with some important items remaining on the docket.”
“As the above survey also states, Iceland is “the first 2008-10 crisis country in Europe to surpass its pre-crisis peak of economic output.”
It appears that Iceland took the best course of action. While the US economy remains stagnant except for artificial life support that has inflated the stock markets and enriched the few, Iceland’s actual economy has rebounded to its pre-crisis levels.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
We are only able to do what we do because of your support. If you feel led to support this ministry, we deeply appreciate it
