How pulpit pimps cost us 700 billion $$$

Okay we’re going out for the long one on this.

New information is in according to Religion News Blog which says that so-called prosperity teaching and word of faith heresy have lured many a people into the current American financial disaster. Many have warned, but greed is a powerful, common lure on both sides of this disaster. Look here, here and here.

While researching a book on black televangelism, says Jonathan Walton, a religion professor at the University of California at Riverside, he realized that Prosperity’s central promise — that God will “make a way” for poor people to enjoy the better things in life — had developed an additional, dangerous expression during the subprime-lending boom. Walton says that this encouraged congregants who got dicey mortgages to believe “God caused the bank to ignore my credit score and blessed me with my first house.” The results, he says, “were disastrous, because they pretty much turned parishioners into prey for greedy brokers.”

These pied pipers lied, manipulated,  tricked and bamboolzed idol-eyed church folk into believing that “sowing a seed” (money only mind you) would release the blessings of God. Of course that meant that even though your credit was jacked up, you didnt have  sustainable income, you didnt qualify for a loan, Gawd would still work a miracle for you. But you had to sow a seed of faith first. Money only, please.

SIDEBAR: God really does work miracles in all areas of life, so don’t think that’s not true. But God is not a Las Vegas slot machine and not the Georgia lottery. You can’t play him for the fool with your money. Now, back to the story.

These two-bit prophets of spiritual porn are out to rape the church with promises of being rich and “having God’s best”. The scriptures warn of of this, but people today ignore God’s word and live by their fragile emotions instead.

If anyone teaches false doctrines and does not agree to the sound instruction of our Lord Jesus Christ and to godly teaching, he is conceited and understands nothing. He has an unhealthy interest in controversies and quarrels about words that result in envy, strife, malicious talk, evil suspicions and constant friction between men of corrupt mind, who have been robbed of the truth and who think that godliness is a means to financial gain.

But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. 1 Timothy 6:3-10 (our bold)

Most of the people caught up in this mess are now losing those houses and perhaps their sanity, but do you think the pimps are coming to their rescue? Not on your life. Once they get you to sow your bill money or write a check on faith, they are finished with you. They treat the sheep like washed out prostitutes who just need one last john to give them a fix.

Speaking of fixes the people are not innocent. Greed and desparation to look blessed drove them right into the arms of the pimp. Most are black and of the pentecostal/nondenominational persuasion. In the last several years we have seen an explosion of pimp-run “economic empowerment (1)” conferences (2) for black church folk. And they were well attended. We saw accelerated deployment into the church an “endtime” notion that God was about to transfer wealth. And people believe it! All it takes is for you to “sow your seed”, prop up your feet and wait. What does that tell you? Black folk need to turn back to God, repent and get rid of the idols they have set up to lead them. The idols —made with their own hands or money depending on how you catch it— promise the best, but refuse to sustain their fake miracles. Its a ruse right out of satan’s playbook.

And the devil, taking him up into an high mountain, shewed unto him all the kingdoms of the world in a moment of time.

And the devil said unto him, All this power will I give thee, and the glory of them: for that is delivered unto me; and to whomsoever I will I give it.

If thou therefore wilt worship me, all shall be thine.

And Jesus answered and said unto him, Get thee behind me, Satan: for it is written, Thou shalt worship the Lord thy God, and him only shalt thou serve.  Luke 4:5-8

Did you notice Jesus’ response? We should worship and serve God alone. Giving money to the pimps because you think you’re going to manipulate or fasttrack God’s plan of blessing is blasphemous idolatry! Instead of waiting for your blessing check to come in, Jesus said we should be SERVING God. That’s called work.

This brings up another issue which is the economic-driven “help the poor at any cost” principle of the Democrats (is this why most black folk are Democrats?) birthed under Jimmy Carter. This has never helped poor blacks, only crippled them emotionally and financially as they were kept bolted to the front screen door waiting for the handout to show up in the mail. It was Carter’s Community Reinvestment Act passed in 1977 which “encouraged depository institutions to help meet the credit needs of the communities in which they operate”. That’s nice talk for predatory lending. The CRA eventually spawned thinking that the government OWED black folk economic empowerment and this was a means to get it. Now, government is having to dump 700 billion dollars into a bottomless pit to fix it.  But we’re in too deep now for 700 billion dollars to help. The main reason? We have set up a golden idol in our nation and its name is mammon. Now, the true God is allowing America (and you greedy church folk, too) to see what mammon will do when you bow down to it.

If the church leads out by repenting and dethroning the pimps, God will give us true pastors.  “Return, faithless people,” declares the LORD, “for I am your husband. I will choose you—one from a town and two from a clan—and bring you to Zion. Then I will give you shepherds after my own heart, who will lead you with knowledge and understanding ( Jeremiah 3:14-15).


19 thoughts on “How pulpit pimps cost us 700 billion $$$

  1. Another winner of a post, GCM. I know this a diversion of topic for this blog, but nonetheless, is very, very important to bring this forward on as many boards as possible. A recent Time Magazine article has made noise on this piece as well:,8599,1847053,00.html It makes mention of the likely role the modern day “church” has in this current economic mess, pushing the false WOF doctrine for people to purchase things with money they don’t have to buy things they don’t need to impress people that don’t give a flying rat’s *** about them.

    There is no doubt that, despite Wall Street and corporate America’s greedy roles in this economic quandry, the church should share the responsibility for their “contribution.” These money mongers dressed as biblical teachers are just as responsible for entire families being evicted from their homes as were the financial institutions extending credit to those that did not qualify. With corporate America, society expects it to operate with varying degrees of greed, however, balks at the idea that the church would participate in the free-for-all grab up of material wealth.

    I definitely find the assertion of these “economic empowerment conferences” are being used as a precursor for “end-time wealth transferrence” very interesting. I never would have thought of that, despite once being a part of a congregation that will run such conferences at least once a year and have virtually every sermon centered around money. What these fools fail to realize is that the very people that help to “build up” their earthly church kingdoms are the same ones that are personally going under. By association, they will eventually fall, too. All the while, the people that are in most need of financial help CONTINUE to be neglected. The “bail out package” NEVER made mention of those that are chronically poor. Sadly, neither has the church, other than be held up to the masses as an example of a modern-day leper.

    I believe this economic quagmire we are experiencing now will do more to bring the greedy corporate church toits knees much more effectively that the Senate’s attempts to get a few documents out of a handful of churches suspected of diverting funds for personal use. I just continue to pray for God’s protection for the innocent.

  2. Thank you N’Catina. I feel very strongly about this because at the root is injustice. Its unjust to lure people into something they cannot on their own sustain. And for someone who claims to be a man of God to do so is simply stunning.

    As I was writing this I could hear church folk Ive talked to about not supporting Dems because of their unwavering support of homosexuality. But the response over and over was “the democrats have done a lot for black people”. Especially, they tell me under Bill Clinton we black folk had it good. Clinton as you know pressured Fannie Mae and Freddie Mac to lower loan requirements even further to help blacks get into homes. No credit, bad credit, no problem. Creative funding some called it. And at first it looked real good. Black preachers dutifully preached Clinton’s blessing plan based on the knowledge that if folk went to the banks, they could get that loan for the house. It wasnt a blessing from God, it was a trick to sell out to mammon.

    There is ENORMOUS pressure in the black church to get stuff and PROVE youre “blessed”. Thats one reason the megachurches are overflowing with wealth seekers. But there is little pressure to prove our service to the God.

    I think a some people saw this seeping through, that people who claimed God blessed them with a home, didnt tell that they got it through spurrious means. And eventually they ended up taking back their testimony. But no one paid attention. The greed and sense of entitlement (helped on by preachers) kept pushing people into the hands of the banks. They partnered with these predatory lenders to start an assembly line of deceit.

    Maybe Bill Clinton, really was the first black president. His incompetence and rotten character is a major reason why black folk are suffering now. He became a mirror of the black church/community’s ungodly greed.

  3. GCM, as I read your response, thoughts regarding the propensity of blacks in this country to chase and glorify after “something for nothing” schemes come to mind. This would include the MLM outfits (ScAmway, Pre-Paid Legal, Meleluca, etc.), the various state lotteries, etc. What you have pointed out regarding the Democratic Party is spot on. Other than the church, the Dems have contributed more to the poverty of blacks than any other entity during our lifetime.

    Though well-intended, the “programs” of affirmative action, set-asides and other programs designed to “level the playing field” had the opposite effect. These components appealed to the lazy nature of too many of the beneficiaries, thus making them and the people that use them the primary scapegoats for all that is wrong in society, including rampant crime, generational poverty, expected OOW births, low academic progress, and on and on and so forth. These factors, collectively, have drained federal, state and local economies of BILLIONS of tax dollars over the last 50 years+. This is not to say I support corporate welfare, but the rate of progress via these “social programs” leaves MUCH to be desired.

    No doubt there were those that used these programs for their particular betterment, but there have been too many poverty pimps and apologetics that have continuously benefited at the expense and gullability of native-born black people. These would include Jesse Jackson (Jr. & Sr.), Al Sharpton, Tom Joyner, Tavis Smiley, Michael Eric Dyson, Cornell West, Earl Ofari Richardson, the NAACP, Rainbow PUSH Coalition and other “civil rights organizations.” I make the distinction “native-born” because those in the “minority groups” immigrating to this country from various parts of Africa, Europe, Canada, Asia, India and the islands (Atlantic and Pacific) use the affirmative action policies IN CONJUNCTION WITH THEIR PERSONAL EFFORTS AND SACRIFICE to their advantage to make strides in the academic and corporate sectors. Studies and commentary have come out over the last few years where some universities in this country are looking to retool their AA policies such that would exclusively benefit foreign-born students rather than native blacks, because of the lagging academic scores and low rates of return for the resources schools put out for these students. Then, they can use the assertion that schools have made their racial quotas, citing the number of “blacks” in the classroom WITHOUT having to make a distinction between the foreign- and native-born.

    In my experience, too many native blacks have used college as a means for wall-to-wall partying with no money and on another person’s dime (university “diversity” scholarships, various state loan programs targeted to poor blacks (re: OUR TAXES), etc.) without as much as earning a minimum GPA to even stay in school. I saw this at Penn State in the mid 90s. I cannot recall seeing any of the other black students graduate with me during the time we all enrolled the same year.

    I was still in college during the Clinton years, and only been in my home nearly 2.5 years. I was indeed blessed to get my home, but after ensuring and proving to the mortgage lender I had qualifying credit scores and adequate income while securing a “non-exotic,” common-sense mortgage to get here. Though I am feeling a bit of a pinch as many are, I ask help from God daily for me to maintain financial solvency until my financial situaiton changes for the better. I am in no way destitute, but I recognize I can do more and better to increase my savings w/o contributing to these poverty and prosperity pimps. The only “outside money” I received from the public dole was an $800 income-based grant from the City of PHL for help with closing costs.

    Overall, people need to assess and reassess what they are doing, where they are. Almost daily, stories of people being put out on the streets while throwing their money at the feet of these money mogruels. All the while, teaching the next generation following that the road to prosperity is lined with empty promises, get rich quick schemes, entitlement and a fast buck.

    Again, I look to God for His protection in these very uncertain times.

  4. I was almost sucked into becoming apart of the 700 billion dollar problem, but I will say, in defence of myself, as a young single african-american mom I was not trying to get something for nothing!

    In 1997 to 2002 I went to a very WOFish and Dominionistic church in Pittsburgh who each Sunday talked about excellence in ministry. Which ment that they needed lots of money to expand the Ministry, because you see they were also influence by the Church Growth movement, but couldn’t effectively shepard who they had ( thats another story)
    Anywhoo, I was under tremendous pressure to preform, in ministry, in personal finances. Meaning involvement in ministry took presidence over everything in order to please God and fullfil ones purpose even at the expence of ones family . Also, one had a “poverty spirit” if they lived in an apartment and didnt have a car.

    The fact that I was a single mom was bad enough but to not have significant amounts of money was unforgivable. I worked unbelievable hours to keep a roof over my and my sons head, but that wasnt enough. The pastor and his prophetis wife constantly told us that if we didnt have a nice car and owned a house that we were not a testomony to the dying masses of unsave folks outside the church doors. Funny thing is they didnt even have any outreach for the unsave masses outside the church doors anyway. I digress, anyway, I remember him saying specificly that he was not going to take a “Welfare Mantality” were he and the Church was going, as a message to those who werent (they felt) living up to the level of prosperity that he felt they should. The congregants and leaders parroted his sentament.

    Everyone I knew was “walking out on faith” to get property a car etc., so that they would be a Godly example to the unsaved. People were getting cars on bad credit. Buying homes and then asking me if I knew if the Salvation Army would approve them for the food bank. Im talking driving current cars and they were perfessionals but living beyond there means. These were Ministers and lay people. Me, Im looking around and wondering what the heck is wrong with me because I didnt have what they had because me and my son were still catching the bus and had to walk a half a mile to church when someone didnt give us a ride. I really was in constant condemnation, because I was believing that in my state I was not pleasing God. I have even heard them go so far as to say that if you are not financialy prosperouse by there standards you must be in some sort of disobedience. I would turn on TBN and jaunitta would be talking about folks like me, Crefflo, TD Jakes, Pat Robertson and I felt like a feaking reproach to God!!!! And to top it all off I was single!

    I feel like crying even typing this, but is the TRUTH!

    I ask the Lord for a home, but Im glad it didnt work out the way I wanted it to.

    Before I say anything else I would like to say that GCM you need to keep in mind that a house (in the classic american dream sence) means finacial stability, an asset and something to leave your family when your gone. I remember looking at the scriptures, through the eyes of condemnation, that a good man leaves an inheritance for his childrens children() and that the lord would not give me a serpant if I requested bread (). In my mind a house was the ticket to some really spotty financies that I was experiencing for some years. No child support, you see. I knew that I had to clean up the charge offs on my credit report and pay my bills on time, so I did that. But I knew that even with my full time job at a utility outsourcing company I wouldnt be able to aford a house costing over 40,000 dollars. I measured my ability to pay in what I thought the mortgage would be against my monthly income, but didnt take into acount the insurance that elivates a monthly payment and interests rate.

    If you remember in 2000 the interest rate on a home that year was about 9% so I though I would just go in there and get myself a house. So, I called a realitor and she showed me a cute starter house on a nice tree lined street, with a backyard. I knew it was my house. So me and a girlfriend went and layed hands on the house and “claimed it” for me (I know).

    I put a down payment on the house the owners promised to pay the closing cost, I just needed a mortgage. I and the realitor end up in front of the Loan Officer and he took one look at my finaces and said “There is no way in good concience I am going to help her get a mortgage, she doesnt have enough income. If I did she would end up in forclosure”. He told the realitor she could continue to try to get me a mortgage, but he wasnt going to be apart of it. She told me about some other lenders who she would help me, but although I was ignorant I wasnt ignorant enough to know that another lender may be expecting a rediculouse interest rate, so I backed out. Broken hearted about it at the time, but I feel that the lord shielded me. I will also say that by the grace of God I read an article before the visit with the loan officer about unscrupulous lenders who were lending to people (mostly afro-american) at inflated interest rates, as much as 20%. Thank God I didnt get sucked up.

  5. Renee, I felt every word of that!

    It really touched my heart remembering how my own mother struggled to do what you did while some people talked about how torn up our shoes were. But thank God today that my mother owns her own home free and clear with no strings attached and no funny business to get it. God gave her strength to work hard and gave us sense to seed back into her life after we got of age.

    God bless you for not trusting in the arm of flesh. As I said I KNOW that GOD can work miracles and make rivers in the midst of the desert.

    But I refuse to cheapen and pervert his grace to get something that means little –if anything– in the scope of eternal life. Like you said these false prophets are so image obsessed they dont want people in their churches that dont look prosperous. The book of James tells us to have no respect of people in this regard.

    God bless you. Please everyone who is currently believing this garbage and about to do something that you will regret read what Renee has written and reconsider.

    My post is in no way to cast shadow on those who are serving God and have walked in integrity in your dealings with material things.

  6. Id like to correct something, sorry. I meant to say “In my mind a house was the ticket out of some really spotty financies that I was experiencing for some years prior”

  7. Praise The LORD!
    Pastor Foster, You better Preach On Preacher!

    Sister Renee, I thank GOD for your testimony and I agree with what Pastor Foster has said. Sister, YOU ARE FREE–NEVER LET ANYONE ENTANGLE YOU INTO BONDAGE! NEVER! STAY FREE! The LORD has many many blessing for you! HE owns all the cattle on a thousand hills and the silver and the gold and the land is HIS! No good thing will HE withhold from them that walk upright before HIM. Psalm 84:11.

    In the past 27 months, I have learned through FIERY trial and error and from MUCH chastening and correction from the LORD, to give where HE directs me and leads me! All we have to do is LIVE 100% Matthew 6:33 individually and collectively and HE will take care of the rest! Amen.

    Pastor Foster,
    You know, somewhere when these pa$tors for PROFIT were in a low estate or small beginnings, they crossed the line or the point of no return–they had to reject the HOLY GHOST and their consciences were SEARED! For the all the love of GOD in me, I cannot fathom HOW these pa$tors for PROFIT get away with their DECEPTION! But Praise GOD, HE is judging the churches, judgment does start first at the house of GOD….even though the Pimps are making it hard for the true ministries that ARE NOT about the fame, or the fortune…GOD WILL RAISE up ministries like Yours Pastor Foster, and others that ARE ABOUT THE SOULS! The Pimps are controlling the christian airwaves and setting the prices(FEEs) and holding back the true ministries, BUT praise GOD, HE has torn the kingdom from Saul and ushering in the tabernacle of David! Hallelujah! Saul(Pimps) days are numbered!

    I personally know up here in DC Metro/Prince George’s MD that the foreclosure crisis has affected MANY Pimp budgets and many wannabe Pimps! I have a “male”(LOL!) pastor/prophet friend that confided in me about a church that had a $30,000 per month rent…utilities not included and this church had many members go into “survival mode” (many have had to drastically cut back the tithes andthe offerings) to save their own homes and the church is now in arrears of 7 plus months! Now, this church had experienced much growth over a 10 year time frame…but I told my friend that they “presumed” that they could handle $30,000 per month! Did they really, really seek GOD–because the place they had before they could afford and IT WAS NICE! THEY GOT GREEDY! PLAIN AND SIMPLE!

    The SPIRIT has taught me that these 3 MAJOR SINSs are happening in the Body of Christ since the prosperity doctrine, recently, and RIGHT NOW: the Lust of the Flesh, the Lust of the Eyes, and the Pride of Life! ALL of us MUST Repent and turn away from these 3 Major Sins if we truly want to please the FATHER and DO HIS WILL! 1 John 2:16 SAYS IT BETTER THAN I CAN: For all that is in the world, the lust of the flesh, and the lust of the eyes, and the pride of life, is not of the Father, but is of the world. I WAS GUILTY of these 3 Major Sins and have repented and praying for WISDOM/DISCERNMENT to NEVER EVER go this way again!

    We(the Church) CANNOT look like, talk live, and LIVE LIKE the World! Amen!

    GOD has taught me that when I take over leadership in my church, to NOT take HIS sheep INTO BONDAGE of Money and TO NOT take HIS sheep into DEBT! I did this to my own personal household the first 4 years of my marriage! The LORD, bless HIS NAME, has PURGED ME FROM TOP TO BOTTOM…I went from being a corporate executive and having Platinum Amex, a new ride every 3 years…. to NOTHING! My wife came from this type of leaven too—so we had “double leaven”. 2 Buppies wanting to have their cake and eat it too!

    I had to repent to GOD, my wife, my family, my spiritual mother and renounce, rebuke myself & my wife, AND curse and break every false prophecy(LIES), partnership?, association and etc, etc. from being associated with Morris Cerullo(he’s boys with Copeland!), listening to Mike Murdoch, and reading T.D. Jakes’ (His Books)! I can’t tell you how many young “male” ministers in my circle that WANTED TO BE LIKE T.D. Jakes, Eddie Long, Noel Jones, Creflo Dollar, etc, etc. etc.!!!


    ***Sowing seeds by faith is biblical and spiritual when led by the SPIRIT(not flesh, big difference!), but when you GO INTO DEBT TO SOW–THAT IS A NO! NO!***

    Personal Testimony: In spite of my zeal and ERROR in the past, I testify to you that GOD has restored my marriage and my wife and I are BEST FRIENDS! We are closer than we could ever imagine and just celebrated our 6th anniversary this past weekend! GOD has blessed us with 2 sons that are 100% healthy and happy, ages 4 1/2 and just turned 3. GOD HAS MIRACULOUSLY KEPT US in our first home by HIS GRACE AND MERCY…not by our works! Amen. And GOD has and is restoring my anointing, my praise, and the joy of my salvation…and HE is restoring me/us STEP BY STEP Financially! Amen!

    I praise GOD and bless you Pastor Foster for this website in JESUS NAME!

  8. Sister Renee,

    At least you saw a house as the means out of “spotty finances”. Some folk don’t even think about getting a house. They buy clothes, jewelry, cars, TVs, video games, trips, etc. All in an attempt to appear prosperous. Today they call it credit rich. When I was a kid the old folks called it N***** Rich. A of lot of us struggle with wanting to look good and as if we are doing well while behind closed doors we are running from creditors, screening calls from debt collectors with a voice message that is filled with scripture and religious platitudes. UGH!

    My grandparents and my mother purchased a home together in 1967. They scrimped and saved and made many sacrifices to ensure that their family would have a place to live. One day some of the neighborhood children were teasing my siblings and I about the boxes from the government that sat in our trash. The USDA boxes with the dark purple lettering was the tell tale sign that we recieved “surplus food” as it was called then. The kids called it welfare food. I was embarrassed and ran in the house to get away from the taunting. My mother flatly told me; “Look boy, you own your house and they rent!” It took me a while to understand what she meant but eventually I got it . My parents had their priorities in line. We wore no-name sneakers, and clothes that were not cutting edge but we were paying a mortgage. Today for many years, the home has been paid for. My grand parents and parents are gone. Their wisdom, priorites and hard work remains. I still live there in that house. My grandmother’s testimony used to be “We were never late on a payment, Thank the LORD.” They paid the house off early and kept their dignity while eating government surplus food. I am more proserous today because of the wise actions of those who came before me. The biblical concept of prosperity is not having/holding more than you need but having enough for you and blessings others with the overflow. This prosperity gospel is a gospel of greed and excess. It satisfies the lusts of the flesh, the lust of the eyes and the pride of life. I hears domeone say that Black folk are more priority stricken that poverty stricken. I think this is true in many ways; certainly not in all cases but in a LOT of cases it is very true. Give us this day our daily bread. Thank you Father for all of your blessings. Help me to be a blessing from what you have given to me. Amen.

  9. Pastor Foster,
    This is sooooo important. For years, I couldn’t quite understand why people who I knew couldn’t keep an apartment would move to the responsibility of a house and call it a blessing. Anything done outside of God’s intent will never work…never. Thanks so much for this post. I am going to send it to everyone who I believe need to hear it. It’s never a matter of money when God wants you to have something but obedience and operating in God’s will; not your own. All of our decisions have to be God centered or they will fail; I haven’t heard this being preached in our churches yet… surprise surprise.

    I thank God for you. My prayers as always are with you and your family. This is not a topic many will agree with you on (even though you’re no stranger to it) so stay encouraged and stay focused on God. You are doing fantastic work!

  10. @ GiG, thanks so much I appreciate hearing that. Yes, it is important. While the false prophets are saying prosperity and blessings are around every corner, God is saying that is not my word. God desires repentance and submission to his will and word.

    But guess which message is more popular and pleasing to the ear?

    @ Eld Jimmy, man I know a lil something about that cheese, pork, powdered eggs, canned pork. But God is good and Im thankful for all that I experienced. It has truly grounded my outlook on life.

    @EW: God truly knows how to bring us back to our place in holiness. He orders the steps of a good man. Consider yourself a good man. 🙂

  11. I agree with most of the posters… However I do believe that whenever you give unto the Lord. with a glad heart He will reward you openly.. many Pastors have brainwashed members into thinking that you can sow your way into a blessing.. I give because I want to support the Kingdom..As believers Elohim has everything we need as long as you seek him first .. all things shall be added unto the right time.. most people who promote this sowing/reaping stuff come from poverty..and have attained wealthy from a impovershed people…through Tithes and Offerings..many have become upset with Elohim… having waited for years for the windows of heaven to open pour out a blessing that they would have not have room enough to recieve… that was not a part of the New Covenant…and the Levitical preisthood ended when Yeshua came on the scene.. but most dont read the BIBLE to find out the truth of the scriptures.. they believe the PIMP over them… !

  12. ”encouraged depository institutions to help meet the credit needs of the communities in which they operate”. That’s nice talk for predatory lending.

    On the money brother! 🙂 Awesome post. I am sending it to a dear loved one about to lose his house and a Osteen disciple. I pray Christ and His word will replace the false kingdom so many are trying to buy into – as if the blood of Christ is not enough.

    May God bless you as you have blessed so many others proclaiming His Truths!

  13. Enough said, GCMWatch. Great read – as usual.

    All you ever have to do in these instances is follow the money. Of course, I could blame the pimps for most things (but I’ve been called paranoid), particularly because they’ve brainwashed their followers into continuing to throw good money after bad at them despite their circumstances.

    Then the pimps taunt and chide their followers to keep “sowing into God’s economy because when things look bad in the natural God is doing something in the supernatural!” So they keep getting fat while we keep getting skinier and skinier.

    It’s defintely something that cannot be overlooked.

  14. Carl,

    You know what even if the windows of Heaven were to open the saints would be suprised to discover cars, houses, land and jewelry wouldn’t come tumbling out. Poor scriptural exegesis from ministers preaching their traditions and/or limited understanding caused them to ignore that GOD was speaking of rain in that text. I am not saying the Malachi text has no application for us presently, but…

    Regarding paranoid: Just because your’e paranoid doesn’t mean they’re not out to get ya! In the church I cmae up in the associate pastor stood in a business meeting and said it was none of th epeople’s business what the preacher/church did with the money. It was GOD’s business to judge him/them. Our responsibility was to tithe and be obedient to the Word. Far too many people went for that Cool Aid. Most of the younger crowd ( to which I belonged) hadn’r been “brainwashed” yet. There are many churches tha manipulating the people. In fact (as the post says). The church has prepared the people to be duped by the government. Waiting on the miraculous check in the mail, the last minute rescue from the bill collector, the physical healing from diabetes while wofling down pigs feet, cake, mac and cheese and other forbidden foods all while “claiming “healing” is the work of a church gone wrong. sigh
    Thank the LORD for those that are holding the truth and insisting people walk in it.

  15. Pastor Foster:
    Very true about the pulpit pimp’s culpability in this subprime mess. I wouldn’t be surprised if many of the pulpit pimps received kickbacks from mortgage lenders. Thank you, thank you for calling out the pimps in all this. But I am dismayed by the harshness of all the comments about black folks’ naivete re: finances. Some were spurred by greed, perhaps and some just didn’t know and stepped out on faith and in obedience to their pastor. Those of you who grew up in church have more spiritual “savvy”. But those who get into church at a later date (like me) don’t really have the reference you all have. Also, the Chairman of the Federal Reserve at the time (Greenspan) gave the subprime scheme his blessing by assuring the American public that interest rates would remain low. To top it off — many middle income black folks needed to own a home for the tax deduction. But sadly, they were only offered a subprime/interest only/Alt-A loan. The Community Reinvestment Act of 1977 was created to correct years of discrimination and non-investment in minority neighborhoods. It wasn’t a handout — mortgage recipients had to meet lending criteria and banks and thrifts had to comply with Federal oversight of its mortgage loans. And therein lies my point about us being unsophisticated as opposed to greedy: The Community Reinvestment Act applied to banks and thrifts — not mortgage lenders like Countrywide or AHA who were not subject to CRA. The mortgage lenders and the investment banks (another topic) are the bad guys, not the CRA and to some extent, not the people who got these subprime loans. But the megachurches had a responsibility in educating folks, the Federal Reserve had a responsibility to regulate the mortgage lenders, but I guess they were too busy getting rich.

  16. Ina, I take issue on a couple of fronts regarding your assertion regarding the “naivete” of blacks and their financial culpability and the “megachurch’s” role in supposedly teaching the masses about responsible financing.

    First up, EACH PERSON, regardless of one’s race, must take responsibility for the debts incurred for anything “purchased” on credit. That includes taking
    the initiative to going to any library, non-profit credit counselor or bookstore to gather information on home ownership. Specifically to blacks, popular monthly black magazines, such as Ebony, Jet and Black Enterprise have abundant amounts of information concerning all manner of wealth-building, which includes home ownership. There is no excuse for ANYONE going into this process blindfolded.

    Secondly, tactics to target “minorites” regarding sub-prime interest rates, redlining and other illegal practices notwithstanding, each person looking to acquire credit for purchases, ESPECIALLY A HOUSE, have a financial, moral AND legal obligation to repay his/her debts. This includes learning ALL aspects of the housing purchase, its financial requirements before (credit scrore check, asset/debt ratio), during (ensuring the purchasee satisfies all depositories for settlement, home inspection) and after closing (having the money on hand to commence the move and ensure all utlities are secured for useage in the house.) Though basic, these obligations are upon the purchaser to take the time to learn and study (in my case, over a year before getting my first home), yet are skipped time and again because of the emotionalism taking precedence. There is a direct correlation in emotionalism between the church, blacks (traditionally) and finances with little to no consideration given to details in too many instances. Look up any video on YouTube from any WOF pulpit pimp church “service” to prove the point.

    What was described concerning CRA appealed to the greed of coroprate heads and mortgagors making the money through “investments,” AND targeting the ignorant that, quite honestly, were never qualified to get a home loan and too swift to move to learn how to properly prepare for such a responsibility.

    The New Testament is replete with examples of such swindling and the “victims” it leaves behind. As a matter of fact, 2 Peter 2:3 speaks of how “the church” has a critical role in this economic downturn. This segues into my second point regarding the church’s role.

    As was rightfully chastised, the pulpit pimps are agitators ot debt among themselves and the people they were supposed to lead into the righteousness of Christ. Countering your assertion, they ARE NOT responsible in educating anyone in their finances other than what scripture specificallty directs regarding frugality and wisdom in one’s spending and giving to those in TRUE need. The “responsibility” in what churches are doing now is precisely the opposite. How? By teaching people to live above their means “on faith,” brainwashing them that their salvation is a point of leverage for wealth, and using a mongrel gospel to promote it all. This is what leads to the “wealth” of the pulpit pimps. No organization is going to cut its nose to spite its face, so why would the church be held responsible to teach a concept that would lead to its death??

    The bottom line is that what the world is experiencing now was captured succintly by Jesus Himself in Matthew 24. He made mention of various and simultaneous catastrophes (man- and nature-related) are all signs of the age, here and to come. As Christians, we have a responsibility to be forthright, or “harsh,” in identifying the factors involved in what brought us here and warn others not to be party to the growing apostasy.

  17. What was described concerning CRA appealed to the greed of coroprate heads and mortgagors making the money through “investments,” AND targeting the ignorant that, quite honestly, were never qualified to get a home loan and too swift to move to learn how to properly prepare for such a responsibility.

    That’s definitely where I was zooming for. Even if there were good intentions with the CRA, it nonetheless morphed in a vehicle of greed and manipulation.

    The pimps eventually saw this.

    I do want to say nothing in my post is meant to criticize hardworking people who were honestly taken advantage of.

    With so many people losing their homes, tell me do you think its right for a church to build a facility with unnecessary amenities? Look at this and tell me what you think of this? Im not being critical of the church building a new facility but given whats going on, is it a prudent thing to do?

    According to, Virginia has the 15th highest foreclosure rate in the country — for the first quarter of the year. That’s up 526% from last year.
    In the church’s immediate zip code there are over 800 home foreclosures.

  18. N’Catina:
    I believe we are in agreement regarding the criminality of pulpit pimps and that mega WOF churches are corporate for-profit entities..
    As I stated, I am new student of Christianity/Bible, but it seems to me that just as this website is a response to a social issue of our times (a very good thing, I might add), perhaps these megachurches could have provided at lease a seminar (during the week) to respond to the subprime crisis or housing boom. The church, rightly or wrongly, was always seen as a place to fellowship about current events or ideas. Someone shout out if I am wrong, I am willing to learn!
    However, again, CRA only applied to FDIC member banks and thrifts, not mortgage lenders or separate mortgage entities established by banks. Many of the homeowners in this subprime mess would not have qualified for loans under CRA. Only 1 of the top 25 subprime lenders were banks under CRA/FDIC oversight. The investment banks (not FDIC insured or regulated (until last week) or CRA participants) bundled these subprime/alt-A/interest only loans from ortgage lenders into securities and sold them companies/pension funds/municipalities. Insurance companies (AIG) issued insurance to those companies/pension funds/municipalities which then purchased these worthless securities. This is why the stock market is crashing — because the cat is out of the bag. These mortgage securities and the credit default swaps backing them are worthless. CRA had nothing to do with this. Now, if blame needs to be affixed to a government agency — blame Fannie Mae and Freddie Mac, and definitely the Federal Reserve. Had interest rates not been so low, the money wouldn’t have been available to these mortgage companies to make these loans,
    I agree with you, regarding people not being realistic and not doing research and being as diligent as you. But please remember, people who come to the church later in life do not posess your discernment and discipline. People who have lived according to the world need the truth (like this website) and need direction. If this direction is down the wrong path by false teachings, then there is disaster like what we are witnessing.

  19. Ina, I am not going to waste time splitting hairs regarding which segments of government and corporate were innocent or guilty. They are all of the same stripe, working in tandem for their enrichment at the expense of the masses. I am very aware of the intricacies of how mortgages were bundled into a means of trade on the stock market based on inflated numbers that imploded as defaults occured.

    Regarding your assertion regarding the amount of time one is exposed to a false church system, again, it is incumbent upon all who align ourselves to Christ to learn what we need to navigate this life and prepare ourselves for the next. My specific focus on my earlier statements regarding those in the church involve those that have been in the church system for five, ten, fifteen or more years and absolutely NO spiritual maturity. Many sit under “teachers,” forever learning and not come to the truth of the Gospel. That level of immaturity is then reflected in other areas of a person’s life (i.e. judging by one’s “fruit.’) Please understand, this is not meant to be a blanket attack, but I’m operating from high frustration from a group of people that have been historically been duped time and again with very few doing what is needed to help their own circumstances rather than be fodder to shisters who care nothing for them.

    @ GCM, I do not support any church institution that seeks to build “state-of-the-art” facilities at the expense of their financially poor followers. We are well aware that the money raised is from people who can least afford to give, which often coincides with the person’s ignorance on the functionality of finances. The banks have frozen their credit to homes and businesses, so it only mnakes sense not to extend to churches that have very sensitive incomes, fluxuating with the attendace rolls and incoming “offerings.”

    Scripture speaks about caring for the ones at home BEFORE the “church” (lack of time prevents me from looking it up right now). With the foreclosure numbers being what they are all over the country, no “church” should remain on a quest to be the biggest and greatest when their biggest “supporters” are entertaining evictions, repossessions and foreclosures.

Comments are closed.