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James 1:27 Ministry Meets THIS Sunday (11/2) at 1:27pm

Greeting James 1:27 Servants,
I hope you are all well!  I'm writing to remind you that our next meeting is THIS Sunday, Nov. 2, at 1:27pm, at the church house.  Lunch will be provided.
Tentative Agenda:
- Eating and fellowship time
- Announcements
- Reviewing the content for our resource website
- Prayer
If you are preparing a Category Expert report, please have it completed by Sunday.         ** Please bring 25 hard-copies.**
If you are NOT a CE, please still come to this meeting!  We need your help reviewing the reports!!
Thank you so much for your love for orphans and ultimately your love for God's glory.
See you Sunday,
mike kostura

Thought for Friday, Oct 31, 2008

When you exit this vehicle,
please be sure to lower your head and
watch your step. If you fail to do so,
please lower your voice and
watch your language. Thank you.

-Heard on a London Bus
From Anna Welander on Puns

Thought for Thursday, Oct 30, 2008

It is true that if your paperboy throws your paper into the bushes for
five straight days it can be explained by Newton's Law of Gravity. But
it takes Murphy's law to explain why it is happening to you.

Thought for Wednesday, Oct 29, 2008


I often quote myself;
it adds spice to my conversation.

-G. B. Shaw

Thought for Tuesday, Oct 28, 2008

Nothing needs reforming so much
as other people's habits.

-Mark Twain
From the Masters:
18Aug 2008

Thought for Monday, Oct 27, 2008

I never vote for anyone;
I always vote against.

-W. C. Fields (1880 - 1946)
Michael Moncur's
(Cynical) Quotations

FW: Pole Dancing

From: Rogerpeloq@aol.com
Date: Fri, 24 Oct 2008 08:41:33 -0400
Subject: Fwd: FW: Pole Dancing
To: apelo69@hotmail.com; cfortier@cox.net


From: vtassinari@cox.net
To: vtassinari@cox.net
Sent: 10/24/2008 12:17:28 A.M. Eastern Daylight Time
Subj: FW: Pole Dancing

Make sure you see the ending .SR
http://uk.youtube.com/watch?v=PRJxJdgc4Ng&feature=related <http://uk.youtube.com/watch?v=PRJxJdgc4Ng&amp;feature=related>


When your life is on the go—take your life with you. Try Windows Mobile® today

Thought for Friday, Oct 24, 2008

In democracy it's your vote that counts;
In feudalism it's your count that votes.

-Mogens Jallberg
Michael Moncur's
(Cynical) Quotations

Thought for Thursday, Oct 23, 2008

Vote early and vote often.

-Al Capone (1899 - 1947)
Michael Moncur's
(Cynical) Quotations

Thought for Wednesday, Oct 22, 2008


Our policy is,
when in doubt,
do the right thing.

-Roy L. Ash,
former president
Litton Industries

Thought for Tuesday, Oct 21, 2008

Treat people as if they were what they
ought to be and you will help them become
what they are capable of becoming.

-Johann Wolfgang Von Goethe
From the Masters:
15 Aug 2008

James 1:27 Ministry Meets on 11/2 - REPORTS DUE!!

Dear J127 Servants,
I just wanted to remind you that we have our next meeting scheduled for Sunday, November 2, 2008, at 1:27pm at the church house.  Lunch will be provided.
For those of you who are writing Category Expert Reports, please be ready with 25 copies of your report!
I praise God for His amazing love in putting together this team of commited servants  - united in Christ, united by a common desire to serve orphans.  I praise God for each one of you!  It's unbelievable to see what He is doing through this ministry - and since I know that on our own we could do nothing, it becomes obvious that His hands are all over this.
Please be in prayer for Peter Ahn and the Emancipated Youth Outreach and also for Dave and Silvana West as they continue to develop potential opportunities for us to serve in Mexico.
See you all on Sunday.
In Christ's love,
mike kostura

Thought for Monday, Oct 20, 2008

Golden Oldie

'A picture is worth a thousand words.'
So draw a picture of the Gettyburg Address.

-Leo Rosten

Thought for Friday, Oct 17, 2008

The best thing about the future
is that it comes one day at a time.

-Abraham Lincoln
From the Masters:
4 Aug 2008

Thought for Thursday, Oct 16, 2008

Golden Oldie

All the best coaches are in the stands.

-Charles M. Schulz

(after 'coaches' insert 'and referees';
after 'stands' insert 'or on a couch in
front of the TV' - tftd)

Thought for Wednesday, Oct 15, 2008

Goto, n.:
A programming tool that exists to allow structured programmers
to complain about unstructured programmers.
-- Ray Simard

Thought for Tuesday, Oct 14, 2008


What good is a ticket to the good life,
if you can't find the entrance?

Thought for Monday, Oct 13, 2008

Those who can't write, write manuals.

Some quotes about the financial crisis

"It is not the function of our government to keep the citizen from falling into error; it is the function of the citizen to keep the government from falling into error."—Robert H. Jackson, U.S. Supreme Court Justice as quoted in Carl Sagan, The Demon-Haunted World (Ballantine Books: 1995), p. 422.

"More Americans now declare bankruptcy each year than graduate from college."—Richard Evans, The 5 Lessons a Millionaire Taught Me (2006), p. 6

A market economy allows accurate knowledge to be effective in influencing decision-making, even if 99 percent of the population do not have that knowledge. In politics, however, the 99 percent who do not understand can create immediate political success for elected officials and politics that will turn out in the end to be harmful to society as a whole.—Thomas Sowell, Basic Economics (3rd Edition, Basic Books, 2007), p. 318.

-- not from gavin

Thought for Friday, Oct 10, 2008

The old believe everything;
the middle-aged suspect everything;
the young know everything.

-Oscar Wilde
DailyInbox Presents:
17 Sep 2008

Thought for Thursday, Oct 9, 2008

Golden Oldie

Lots of folks confuse bad management with destiny.

-Ken Hubbard

Thought for Wednesday, Oct 8, 2008

Golden Oldie

We may not imagine how our lives
could be more frustrating and complex-
but Congress can.

-Cullen Hightower

Thought for Tuesday, Oct 7, 2008


There is only one thing in the world worse
than being talked about, and
that is not being talked about.

-Oscar Wilde

Here is Your September Mike Gasior Newsletter

September 2008 Newsletter

Issue Five, Volume Nine


I thought that everyone learned the most well-known lie of mankind at a very, very early age:

"I'm from the government and I'm here to help you."

It's amazing to me that just over a month ago I dedicated this newsletter to the history of the government
and Federal Reserve tinkering with the economy and the detrimental effect is almost always has on us.
I could never had envisioned this "Mother of All" bailouts getting dreamed up by this current group of
politicians and bureaucrats. This month's edition will be short, unsweet and to the point since my
schedule has been insane this year and you are already too aware of my inconsistency in drafting
these on a monthly basis. You can view last month's newsletter at this link:


First some very quick business.


I will be presenting two extremely timely seminars in New York in October and a particularly relevant
slate of "a la carte" one-day sessions in Grand Cayman in November. Here is brief list of those
programs and you can see the details of all New York and Grand Cayman classes at the following


Introduction To Securities & Markets - October 27, 28 & 29, 2008

CMO, ABS & CMBS Securities - October 30, 2008


The Hedge Fund Industry 2008 - November 17, 2008

Securities Operations, Processing & Accounting - November 18, 2008

Mortgage & Asset Backed Securities - November 19, 2008

CMO, ABS & CMBS Securities - November 20, 2008

Swaps & Swap Derivatives - November 21, 2008

I look forward to seeing you or your colleagues at one of these seminars.


I don't know how else I can refer to the events that have taken place over the past couple of weeks other
than "The Apocolypse". While I can certainly be prone to melodrama, take a look at how the dictionary
defines the term:

apocalypse - noun

5. any universal or widespread destruction or disaster: the apocalypse of nuclear war.
Note: An "apocalypse" is a final catastrophe.
Note: The Apocalypse is supposed to come at the end of the world or of time.

Perhaps you can see where I'm coming from with my assessment of the 850 billion dollar bailout (the
total price tag with all the added pork needed to get this thing passed by both chambers). We will not
recover from this decision in my lifetime and perhaps not my daughter's lifetime either.

What makes me sad and angry is that this plan will not work. Period. Paragraph.

You will not get me to admit that it even has a chance of working since it will not under any circumstance.
Already you hear some of the smartest people in the universe trying to figure out exactly how this thing is
even going to be implemented.

It took the United States 232 years in order to amass $9.7 trillion in national debt. It took the Treasury
Department, Federal Reserve and U.S. House & Senate exactly three weeks to add another trillion
dollars to that number. Based on my own views of the immediate future of the economy, we will be
unable to make any progress toward paying back a single dollar of all that borrowed money, and in fact
the U.S. Federal deficit will only be larger than the huge numbers anticipated into the far, foreseeable

While I was against the bailout of Bear Stearns, it was a relatively minor intervention by the government
in dollar terms and it would have been genius if it had stemmed the bleeding. But much has occurred
since then.

--Lehman Brothers is gone.

--IndyMac is gone.

--Washington Mutual is gone.

--Wachovia is about to go.

--Merrill Lynch is now owned by a bank.

--Goldman Sachs and Morgan Stanley are no longer investment banks.

--Fannie Mae and Freddie Mac are now U.S. government agencies.

--AIG is majority owned by the U.S. government.

Wall Street may perhaps never be the same, and that makes me enormously sad. I've spent my entire
adult life as a proud member of the investment community and we had quite a run for the past 28 years.
My fear is that we will no longer be viewed as "Masters of the Universe" and instead will now be looked
at as the "Masters of Disaster" to quote Apollo Creed. Frankly, Wall Street did themselves in during the
past ten or so years, but politicians and regulators have an equal share in shouldering blame for why
we're here. Barney Frank, Chuck Schumer and the rest of the guilty in this current debacle will get their
own analysis in a future newsletter since I worry I dedicate too much space to politicians already.

Let me summarize my thoughts and predictions about the financial and economic future in light of this

--Residential and commercial real estate values will continue to decline well into 2009 and very
possibly beyond. U.S. residential real estate values may decline another 15% to 20% from current

--There will be an acceleration of bank failures over the next 12 months, leading to further consolidation
in the industry.

--Americans, who are already drowning in debt and losing their jobs at the fastest pace in 17 years will
slow their spending to an absolute minimum in an effort to survive. Savings rates will quickly spike to
positive numbers for the first time in almost four years and the economy will continue to slow.

--U.S. unemployment will continue to rise and should be in excess of 7.5% by the third quarter of 2009
and possibly by the second quarter.

--The Federal Reserve will flood the economy with new money with passage of the "bailout", much as
they did in 1999 in preparation for Y2K. This may temporarily keep the stock market from declining, but
the end result will be more severe inflation than already predicted and perhaps a decline in the value of
the U.S. dollar.

--Barrack Obama will win the presidency and the Democrats will secure larger majorities in both the
House and Senate. Taxes of all sorts will be increased, spending increased and movement toward
protectionist policies regarding trade will all be implemented quickly. All moves will slow the economy

--As global investors digest and assess the assortment of new debt and liabilities taken on by the U.S.
government you will begin to see the slow rise of interest rates on U.S. Treasury securities demanded
as compensation for the perceived credit risk. These increases will also raise the cost of capital for
home buyers and corporations seeking to borrow money.

--With oil prices somewhat reduced and Democrats controlling the White House, House and Senate,
there will be further delay in drilling and exploration for new U.S. energy sources. While there will be
debate over pursuing alternative energy solutions, actual progress will be slow.

I wanted to get this newsletter out as fast as I could after the passage of this horrific legislation to
perhaps begin preparing my friends mentally and financially for what the economic future holds. There
was no need to try and rush it out in an effort to try and prevent Congress from passing it, since that was
a foregone conclusion. As always, I am trying to assess the new landscape in an effort to better try and
survive and thrive in the future while others lament and complain.

Please stay conservative in your own life and try your best not to lose your job, your money, your house
or your mind in the coming few years. It will be a tough slog, but the economy and America will
eventually depart this dark tunnel when we figure out what houses, stocks, bonds and the dollar are
worth. Unfortunately, this government interference will only make this take much longer than it needed to
be and make it much more painful as well.

Writing this newsletter also causes me to notice yet another sadness that I find unexpected, but wanted
to share with you also.

Watching a terrific Olympic games on my terrific high-definition television, streaming live from Bejing,
China, I couldn't help but be impressed with how far that country has moved toward capitalism and free

Watching the disgusting display on low-definition of the goings-on in Washington, D.C. during the past
three weeks shows me how far the United States of America has moved so far toward socialism.

As if two large ships are passing in the night on completely different journeys with both being unable to
change course in any rapid fashion.

I live in a country where over 80% of ALL mortgages being given to homeowners are being given by a
government agency.

A country where the government owns the largest insurance company.

A country where the government rescues businesses with taxpayer money who have managed
themselves badly but are deemed "too large to fail".

It's a sad day in America and I wonder when and if we might ever get our pride back and once again be
that "Shining City on a Hill". All evidence says that it isn't going to be anytime soon.


Another quick, and to the point brainteaser involves making something new out of existing letters. Here
is your question:

"Rearrange the letters in the words 'new door' to make one word. Can you figure out what the answer

Good luck, and when you can't take it anymore you will find the answer at the following link:


Copyright 2008, Michael Gasior. All Rights Reserved

AFS Seminars LLC
500 Chamberlain Hill Road
Middletown, CT 06457-5564

If you don't want to continue receiving this newsletter simply reply with "Remove" in the subject line.

Thought for Monday, Oct 6, 2008

It's easy to be content.
If you can't have a good attitude,
then go to your room and read.

-91 Year Old Dorothy Weaver
Retirement Home Evacuee from Galveston
still in College Station Church shelter
nearly 3 weeks after Ike

Thought for Friday, Oct 3, 2008

An optimist is one who sees
an opportunity in every difficulty.
A pessimist is one who sees
a difficulty in every opportunity.

-L.P. Jacks
From the personal file
of one who previously
wished to be anonymous

Thought for Thursday, Oct 2, 2008

The best years of your life are the ones in which you
decide your problems are your own. You do not blame
them on your mother, the ecology, or the president.
You realize that you control your own destiny.

-Albert Ellis
From the personal file
of one who previously
wished to be anonymous

Thought for Wednesday, Oct 1, 2008

Don't worry over what other people are thinking about you. They're too
busy worrying over what you are thinking about them.

 Huanga @ cafenite - Thought For Today