More explanation on this week's bloodbath: BOJ increase in interest rate and rising yen detonates world markets

It is more fun criticizing

The BOJ decision to increase interest rate and rising yen has hammered the carry trade.   And it is no longer wise to hold on to carry trade.    Thus hedge funds and other money funds are disgorging their carry holdings to stave off losses.   The two events are causing the carry trade to be unprofitable.  

Is this revenge for the nuke bombing of its two cities vs USA and the world (no basis)

We just wonder how this event would:

1.  Affect Japanese yen loans to the Philippines;

2.  Budgeted/approved yen loans to Philippine projects

Global stock market just crashed

There is greater uncertainty with USA because of huge debt.   Its a $36 trillion now.  And USA adds $1 trillion every 100 days.  The idea now is not to pay the debt and just keep on printing more money.   But all will come crashing soon.

Questions:

1.  How is this crisis going to affect our relatives living in USA?

2.  How is this going to affect local banks and businesses.?

All ready local stock markets are down?  How about local banks?  Will this crisis affect remittances and our OFWs

Is charging very hIgh interest on money lent (usury) prohibited by the scriptures?

It is more fun criticizing

Rizal Philippines
September 5, 2016.

Today we commemorate the  death anniversary of Mother Teresa of Calcutta who was canonized by Vatican to be a Saint.  She espoused love of the poor, the sick and the unwanted in the street of India.

But there are those who prey on the poor, charging exorbitant rates on the poor -  10 to 20 % a month. Is this wrong according to the scriptures?  Yes according to Deuteronomy 20:  10 -20   "Thou shall not lend upon usury to thy brother...."  It is against Gods law to do this to the poor and needy.

A Preacher mentioned that at times he had to borrow from the Bombay at 10% a month to carry out his ministry.  Nabayaran naman

But not for business, because even in the teaching of Lord Jesus Christ, he used in the parable of the talents Matthew 25: 16 to 27 that it is all right to own earthly possessions for investment and charge interest for business use.