Coping With The Credit Crunch 2009. Series

MATTHEW 6:19 - 27. COPING WITH THE CREDIT CRUNCH CRISIS

IT WAS THE ROMANS WHO SAID OF MONEY “THE MORE YOU DRINK, THE MORE YOU THIRST” IF THAT’S TRUE THEN WE ARE ONE THIRSTY WORLD… .PEOPLE ALSO SAY THAT MONEY MAKES THE WORLD GO ROUND – WELL MONEY IS NO LONGER GOING AROUND WORLD BANKS ARE CEASING TO LEND, BANKS ARE COLLAPSING , SOME ARE PROPPED UP BY GOVERMENTS MONEY SEEMS TO BE IN SHORT SUPPLY- YET THE WORLD IS STILL GOING ROUND.

HERE ARE SOME SOBERING STATISTICS

• PERSONAL DEBT IN THE UK IS £1.5 TRILLION POUNDS

• THE TRUTH BEHIND THE REAL COST OF CHEAP CREDIT IS 40,000 PEOPLE EVERY YEAR VOLUNTARILY DECIDE TO BECOME BANKRUPT AFTER OVERSTRETCHING THEMSELVES FINANCIALLY THROUGH CREDIT CARDS AND LOANS.

• THE NUMBER OF PROPERTIES REPOSSESSED BY MORTGAGE LENDERS IN THE UK HAS RISEN BY 48% IN THE PAST YEAR. MORTGAGE HOLDERS BEHIND WITH PAYMENTS HAS ALSO GONE UP.

• THE COUNCIL FOR MORTGAGE LENDERS PREDICTS THAT REPOSSESSIONS THIS YEAR WOULD EVENTUALLY RISE TO 45,000.

• IN THE BANKING SECTOR WE HAVE SEEN THE GOVERNMENT BAIL OUT NORTHERN ROCK RECEIVING 26 BILLION FROM THE GOVERNMENT ON THE 13TH OCT 2008 THE GOVERNMENT PUMPED A FURTHER 37 BILLION OF TAX PAYERS MONEY INTO A FURTHER 3 BANKS: RBS - LLOYDS TSB AND HBOS.

• THE ECONOMIC CLIMATE TODAY IS GRIM WITH MANUFACTURING OUTPUT PLUMMETING, BUSINESS FACING BANKRUPTCY AND UNEMPLOYMENT RISING.

• HOW DID WE GET TO WHERE WE ARE TODAY? EASY MONEY VIDEO (2MINS)

SO THE CREDIT CRUNCH HAS RESULTED THROUGH A SUSTAINED PERIOD OF CARELESS AND INAPPROPRIATE LENDING WHICH RESULTS IN LOSSES FOR LENDING INSTITUTIONS AND INVESTORS IN DEBT WHEN THE LOANS TURN SOUR AND THE FULL EXTENT OF BAD DEBTS BECOMES KNOWN.[2] THESE INSTITUTIONS THEN REDUCE THE AVAILABILITY OF CREDIT, AND INCREASE THE COST OF ACCESSING CREDIT BY RAISING INTEREST RATES. IN SOME CASES LENDERS MAY BE UNABLE TO LEND FURTHER, EVEN IF THEY WISH, AS A RESULT OF EARLIER LOSSES. AND SO THE EASY CREDIT BOOM HAS COME TO A CRUNCH AND THE DAYS OF EASY CREDIT ARE OVER.

AS A RESULT OF THE CREDIT CRUNCH WE HAVE A OFFICIAL ENTERED IRECCESSION (DEC 08) AND ALL OF US ARE IMPACTED BY IT SOME SHAPE OR FORM. SO TONIGHT WE ARE ASKING THE QUESTION HOW CAN WE COPE?

INTRODUCTION: TONIGHT I WANT TO INTRODUCE YOU TO SOMEONE WHO CAN MAKE A BIG DIFFERENCE IN YOUR LIFE, NOT ONLY WILL HE ENABLE YOU TO COPE WITH THE CREDIT CRUNCH BUT ENABLE YOU TO RISE ABOVE IT…….. UNLIKE PEOPLE IN THE BUSINESS WORLD - HE HAS GOT YOUR BEST INTERESTS AT HEART AND NOT HIS OWN - HE DOESN’T TAKE COMMISSION - HE GIVES FREE ADVICE TO ALL HIS CLIENTS, AND HE HAS GONE TO GREAT EXPENSE AND SACRIFICE TO INVEST HIS LIFE INTO YOURS. OF COURSE THE REMARKABLE PERSON I’M REFERRING TO IS JESUS CHRIST.

THROUGH HIS DEATH AND RESURRECTION HE HAS MADE IT POSSIBLE FOR YOU TO HAVE YOUR LIFE RADICALLY CHANGED AROUND. AND ON TOP OF IT ALL HIS TEACHINGS WHEN APPLIED CAN GENUINELY SET YOU UPON A ROAD TO RECOVERY WHATEVER YOUR SITUATION.

SO TONIGHT I WANT TO SHARE WITH YOU PART OF A PROFOUND DOCUMENT ENTITLED THE SERMON ON THE MOUNT WHERE AMONGST OTHER THINGS JESUS TEACHES US ABOUT HAVING THE RIGHT PRIORITIES IN A MATERIALISTIC WORLD.

READ MATT 6: 19 - 34. READ : HOW ARE WE TO COPE IN SUCH AN ECONOMIC CLIMATE?

1. 1ST PRIORITY: HAVE YOUR TREASURE IN THE RIGHT PLACE. V19 -21.

LAST YEAR THERE WAS A RUN ON NORTHERN ROCK AND THE REASON WAS PEOPLE HAD NO CONFIDENCE IN IT THEY WERE CONCERNED ABOUT THE TREASURE THEY HAD, IT WASN’T UNTIL THE GOVERNMENT STEPPED IN DID IT BEGIN TO RESTORE A MEASURE OF CONFIDENCE.

FRIENDS IF YOU ARE STORING UP TREASURES UPON THIS EARTH I’M TELLING YOU THAT YOU NEED TO RECONSIDER YOUR TREASURE IS IT SAFE? …. SO MANY PEOPLE WILL IGNORE THIS FIRST PRIORITY , DO NOT STORE UP TREASURES ON EARTH, IF TRUTH BE KNOWN THE MAJORITY OF PEOPLE ARE OBSESSED WITH STORING UP TREASURES ON EARTH .

WE LIVE IN A CONSUMER DRIVEN SOCIETY, “BUY NOW PAY LATER” AND WE CERTAINLY ARE PAYING FOR IT! WHERE TV ADVERTISING IS BOMBARDED AT US IN SUCH A WAY THAT OUR LIVES COULD BE FULFILLED IF ONLY WE POSSESS THE NEW HOME - THE NEW CAR - THE LATEST GADGETS – THESE PRODUCTS OFFER SO MUCH A WHOLE NEW EXCITING LIFESTYLE AND HAPPINESS. YET IN REALITY IT’S A LIE…

AND THEN THERE IS THE DYNAMICS OF SUCCESS – MONEY OUR TALENTS OUR ENERGIES INTO THE RIGHT INVESTMENTS AND IN THE RIGHT PLACE’S THE TREASURES WILL COME ROLLING IN BRINGING WITH IT ALL OUR HEARTS DESIRES – BUT IN REALITY IT’S A MYTH .