Flashback Friday - Security in Christ - Martin Wiles

Security in Christ

For in Christ lives all the fullness of God in a human body. Colossians 2:9 NLT

What appears secure sometimes isn’t. Money in banks may have appeared secure prior to 1933, but a bank panic could easily close a bank. People who feared a bank might close ran to the bank and withdrew their money. Since banks kept only a portion of the depositor’s money on hand, runs would result in depositors attempting to withdraw more money than a bank had on hand. The Federal Deposit Insurance Corporation was established in 1933 to prevent such future losses. The FDIC has the responsibility of insuring a commercial bank’s deposits up to a certain amount so depositors don’t lose their money should the bank fail. Even though banks still fail, the FDIC ensures depositors won’t lose their money. Read more...

Tweetable: Where do you find your security? 

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