Tuesday, October 09, 2007

This Should be Cause for Concern

Not sure why this has not caused more of a stir than it has. Arab owned Borse Dubai has made a deal to purchase 20 percent of the Nasdaq Stock Market. In exchange, Nasdaq would receive control of OMX, Sweden’s leading stock market. If this deal goes through, this would allow the Nasdaq to achieve its goal of establishing an overseas presence like the New York Stock Exchange did with its purchase of Euronext.

But this deal raised security concerns with U.S. politicians, and rightly so. This would be the first time a Middle Eastern government would own a sizable portion of an American Stock Exchange.

This is, to me, a fairly dubious transaction that should make Americans a little more uneasy than it does. Our shallowness and obsession with greed is going to get the better of us. I guess too many Americans are more concerned with what is going on with Britney Spears than what is going on with their country from an economic and security standpoint. Just further evidence of how far our culture is degenerating, as we become more preoccupied with pleasure and entertainment, than issues related to national security, not to mention our declining moral condition. We have become a nation that has drifted far from God, and is continuing to walk in rebellion. All from a nation that claims in some way to be a Christian nation, or at least a nation where an overwhelming number of people profess to be Christians. Sadly, the churches in America are not helping much in turning the tide of rebellion, and are in fact assisting people to travel further down the path away from God.

On thing appears sure; we have not learned from the example in Scripture of how Israel fell under the judgment of God for her rebellion and compromise. Often God allowed Israel to be overcome by her enemies in judgment. (Isaiah 63:10; Jeremiah 21:3-7; Ezekiel 23:28-30) Could it be that God will allow the same fate to befall America? Don’t think that it could not happen. And just like the false prophets in Israel, many leaders in American churches are proclaiming “peace and safety”, rather than emphasizing repentance and proclaiming the truth of God’s Word. (Jeremiah 6:13-15; 8:11-12; 14:13-14; 23:16-17)

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