FDIC Insurance

The ground underneath everyone is shaking. Housing values and sales are plummeting. Retirement funds are shrinking fast. Jobs are disappearing. Confidence in our government to make wise decisions is evaporating daily. Every day, a new financial crisis arises. Major corporations have their hands out for help. And, to be honest, the national elections hold little promise for real change. Our nation is leaning towards one candidate who is unprepared for the magnitude of these problems placing their unfounded confidence in his non-experience. Many Americans are thankful however, that the U.S. established the FDIC (Federal Deposit Insurance Corporation) to protect our savings in U.S. banks. How secure is the FDIC?

The FDIC has a watch list for an additional 117 "at risk" banks that are in danger of collapse. A recent article stated that by the end of 2009, about 100 U.S. banks with collective assets of more than $800 billion will fail. In the event of a large-scale banking emergency, the FDIC will be unable to cover all the accounts covered, which would require tapping additional Treasury funds, all at taxpayers' expense and amounting to trillions of dollars.

When the FDIC runs dry, instead of millions of dollars or even billions of dollars, the US will need trillions of dollars to help keep our financial system from total collapse. How much is a trillion?
A million seconds is 12 days.
A billion seconds is 31 years.
A trillion seconds is 31,688 years.

We are talking about trillions as if we have a good understanding of what a trillion of anything really is. We don’t. A billion minutes ago was just after the time of Christ. It boggles my mind what a trillion of anything, never mind dollars, must be.

In case you haven’t noticed, we are in serious trouble and we are very vulnerable. Nothing that we have on deposit is safe from this “perfect storm” brought on by unprecedented corporate greed, fraud, morally bankrupt politicians, and flagrant consumerism. Nothing that is but one thing.

Now it is God who makes both us and you stand firm in Christ. He anointed us, set his seal of ownership on us, and put his Spirit in our hearts as a deposit, guaranteeing what is to come
(2 Corinthians 1:21-22)

What an incredible promise! The Holy Spirit lives within us as a deposit for what is to come – the glory of heaven, peace and unfathomable joy. This is the ultimate FDIC Insurance – the Finest Deposit Insured by Christ – given to us when Jesus Christ paid all of the debt of our sins. Who needs the U.S. FDIC when we have His FDIC? He guaranteed what is to come and nothing can take that deposit away when we are right with Christ. Are you?

Friends, in these days of incredible uncertainty, of unparalleled hopelessness seen in so many, we need to smile and be ready to share the reason for hope that we have.

Honor Christ and let him be the Lord of your life. Always be ready to give an answer when someone asks you about your hope (1 Peter 3:15)

In times of economic hardship, there is a large, vulnerable segment of the world population that suffers greatly – the children. As people struggle without hope, more children become abused and at risk. Some go hungry, some starve and others suffer physically and emotionally. Foster care placements increase as more children are in peril. We can dwell on our own problems or we can become a channel of hope for these children. After all, we have incredible, eternal and glorified FDIC Insurance!

I invite you to view a short video on A Child's Hope International at this web address http://www.achildshopeintl.org/HomePage.html Click on the play button and then let us know what you think. A Child's Hope International exists because the children are waiting. Will you join us in this mission?