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Faith, Finances and F*Bombs - Turning the Economy Around (Part 2)

Turning the Economy Around (Part 2)

02/17/24 • 24 min

Faith, Finances and F*Bombs

Each suspicious about the integrity of their local recycling management, Hartley describes two world views, emphasizing God's economy, and Kevin details last month's view, summarizing the United States economy. This is part two, continuing their long conversation of the previous episode.

Show Notes:

  • Municipalities and counties pay for residential and commercial recyclables to be trucked to local and regional recycling plants for processing. Clean batches are sorted and/or compressed into bales of similar plastics, paper, aluminum or glass. The centers sell the cleaned recyclables on the open market to buyers who will process them into recycled materials like plastic pellets or post-consumer paper; these can be turned into new products. This entire process – the processing and creation of saleable recycled goods – costs money. As with any good, profitability requires selling for a higher price than it costs to make. Contaminated batches are harder to process into new products and therefore fetch a lower price on the market, if they can be sold at all. Currently, U.S. recyclables are no longer profitable, and no one wants to buy them.
  • China used to buy the majority of the world’s plastics and paper for recycling. Starting Jan. 1, 2018, China banned imports of most scrap materials because shipments were too contaminated; the country no longer wanted to be the “world’s garbage dump.” As a result, the U.S. and other Western nations who had relied on China to offload their recyclables saw a “mounting crisis” of paper and plastic waste building up in ports and recycling facilities.
  • Domestically, the closing of the Chinese market to U.S. recyclables bankrupted many domestic recycling programs because there was too much supply and no real demand. This left waste-management companies around the country with no market for recyclables. They’ve been forced to go back to cities and municipalities with two choices: pay a lot more to get rid of their recycling or throw it away. Reports in The New York Times and The Atlantic noted that most are choosing the latter.
  • The Parable of the Wedding Feast is one of the parables of Jesus and appears in the New Testament in Luke 14:7–14. He spoke a parable to those who were invited, when he noticed how they chose the best seats, and said to them, "When you are invited by anyone to a marriage feast, don't sit in the best seat, since perhaps someone more honorable than you might be invited by him, and he who invited both of you would come and tell you, 'Make room for this person'. Then you would begin, with shame, to take the lowest place. But when you are invited, go and sit in the lowest place, so that when he who invited you comes, he may tell you, 'Friend, move up higher.' Then you will be honored in the presence of all who sit at the table with you. For everyone who exalts himself will be humbled, and whoever humbles himself will be exalted." He also said to the one who had invited him, "When you make a dinner or a supper, don't call your friends, nor your brothers, nor your kinsmen, nor rich neighbors, or perhaps they might also return the favor, and pay you back. But when you make a feast, ask the poor, the maimed, the lame, or the blind; and you will be blessed, because they don't have the resources to repay you. For you will be repaid in the resurrection of the righteous."
  • The Parable of the Unjust Manager is a parable of Jesus which appears in Luke 16:1–13. In it, an accountant who is about to be fired repents of his sin, tries to "curry favor" with his master's debtors by asking the debtors to only pay what they owe his master—rather than pay him as well. Although the master has a certain grudging admiration for the manager's "shrewdness," Jesus labels the manager "dishonest:" “One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also dishonest in much. If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches? And if you have not been faithful in that which is another's, who will give you that which is your own? No servant can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.”
  • The Parable of the Workers in the Vineyard is a parable of Jesus which appears in Matthew 20:1-16. Planting, maintaining and harvesting vineyards in first-century Israel was strenuous work requiring hard physical labor in the heat of summer. Often, additional laborers were required to get all the work done. The owner of this particular vineyard went to the marketplace at the first hour of the morning (6:00 ...
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Each suspicious about the integrity of their local recycling management, Hartley describes two world views, emphasizing God's economy, and Kevin details last month's view, summarizing the United States economy. This is part two, continuing their long conversation of the previous episode.

Show Notes:

  • Municipalities and counties pay for residential and commercial recyclables to be trucked to local and regional recycling plants for processing. Clean batches are sorted and/or compressed into bales of similar plastics, paper, aluminum or glass. The centers sell the cleaned recyclables on the open market to buyers who will process them into recycled materials like plastic pellets or post-consumer paper; these can be turned into new products. This entire process – the processing and creation of saleable recycled goods – costs money. As with any good, profitability requires selling for a higher price than it costs to make. Contaminated batches are harder to process into new products and therefore fetch a lower price on the market, if they can be sold at all. Currently, U.S. recyclables are no longer profitable, and no one wants to buy them.
  • China used to buy the majority of the world’s plastics and paper for recycling. Starting Jan. 1, 2018, China banned imports of most scrap materials because shipments were too contaminated; the country no longer wanted to be the “world’s garbage dump.” As a result, the U.S. and other Western nations who had relied on China to offload their recyclables saw a “mounting crisis” of paper and plastic waste building up in ports and recycling facilities.
  • Domestically, the closing of the Chinese market to U.S. recyclables bankrupted many domestic recycling programs because there was too much supply and no real demand. This left waste-management companies around the country with no market for recyclables. They’ve been forced to go back to cities and municipalities with two choices: pay a lot more to get rid of their recycling or throw it away. Reports in The New York Times and The Atlantic noted that most are choosing the latter.
  • The Parable of the Wedding Feast is one of the parables of Jesus and appears in the New Testament in Luke 14:7–14. He spoke a parable to those who were invited, when he noticed how they chose the best seats, and said to them, "When you are invited by anyone to a marriage feast, don't sit in the best seat, since perhaps someone more honorable than you might be invited by him, and he who invited both of you would come and tell you, 'Make room for this person'. Then you would begin, with shame, to take the lowest place. But when you are invited, go and sit in the lowest place, so that when he who invited you comes, he may tell you, 'Friend, move up higher.' Then you will be honored in the presence of all who sit at the table with you. For everyone who exalts himself will be humbled, and whoever humbles himself will be exalted." He also said to the one who had invited him, "When you make a dinner or a supper, don't call your friends, nor your brothers, nor your kinsmen, nor rich neighbors, or perhaps they might also return the favor, and pay you back. But when you make a feast, ask the poor, the maimed, the lame, or the blind; and you will be blessed, because they don't have the resources to repay you. For you will be repaid in the resurrection of the righteous."
  • The Parable of the Unjust Manager is a parable of Jesus which appears in Luke 16:1–13. In it, an accountant who is about to be fired repents of his sin, tries to "curry favor" with his master's debtors by asking the debtors to only pay what they owe his master—rather than pay him as well. Although the master has a certain grudging admiration for the manager's "shrewdness," Jesus labels the manager "dishonest:" “One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also dishonest in much. If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches? And if you have not been faithful in that which is another's, who will give you that which is your own? No servant can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.”
  • The Parable of the Workers in the Vineyard is a parable of Jesus which appears in Matthew 20:1-16. Planting, maintaining and harvesting vineyards in first-century Israel was strenuous work requiring hard physical labor in the heat of summer. Often, additional laborers were required to get all the work done. The owner of this particular vineyard went to the marketplace at the first hour of the morning (6:00 ...

Previous Episode

undefined - Turning the Economy Around (Part 1)

Turning the Economy Around (Part 1)

Hartley and Kevin have a long conversation, never getting around to discussing faith, finances or eff bombs. We learn about some personal challenges they each experience this time of year, Hartley shares an unsatisfying childhood memory, and Kevin expresses concerns about youth sports and a lack of listener participation in our current contest.

Show Notes:

  • The People of the State of California v. Orenthal James Simpson was a criminal trial in Los Angeles County Superior Court starting in 1994, in which O. J. Simpson, a former National Football League (NFL) player, broadcaster and actor, was tried and acquitted for the murders of his ex-wife Nicole Brown Simpson and her friend Ronald Goldman. The pair were stabbed to death outside Brown's condominium in the Brentwood neighborhood of Los Angeles on the night of June 12, 1994. The trial spanned eleven months, from November 9, 1994[1] to October 3, 1995.
  • The Ozark Music Festival was held on July 19–21, 1974 on the Missouri State Fairgrounds in Sedalia, Missouri. It is estimated 160,000 to 350,000 were in attendance at the three day festival. The event was marked by mismanagement as the facilities were not equipped for the number of attendees.
  • Forrest Gump is a 1994 American comedy-drama film directed by Robert Zemeckis and written by Eric Roth. It is inspired by the 1986 novel of the same name by Winston Groom and stars Tom Hanks, Robin Wright, Gary Sinise, Mykelti Williamson, and Sally Field.
  • Seasonal affective disorder, or SAD, is type of depression. It happens during certain seasons of the year—most often fall or winter. It is thought that shorter days and less daylight may trigger a chemical change in the brain leading to symptoms of depression. Light therapy and antidepressants can help treat SAD.
  • Book referenced in this episode: Hidden Potential: The Science of Achieving Greater Things by Adam Grant; Published by Viking Press; 2023; 304 pages
  • As a newspaper carrier, from ages 8 to 15, Hartley delivered the Boonville Daily News from 1978 to 1980 and The Sedalia Democrat from 1981 to 1985.
  • It is certainly plausible Mrs. Ekerle obtained her crisp, clean bills from an ATM as Hartley suggests. On September 2 1969, Chemical Bank installed a prototype ATM in the U.S. at its branch in Rockville Centre, New York. The first ATMs were designed to dispense a fixed amount of cash when a user inserted a specially coded card. By the 1980s, these money machines had become widely popular and handled many of the functions previously performed by human tellers, such as check deposits and money transfers between accounts. Today, ATMs are as indispensable to most people as cell phones and e-mail.
  • Remember to contact ("Dig Right") Missouri 811! For digging projects big or small, you need to contact Missouri 811 at least 3 working days before you start digging to avoid hitting an underground utility line. It’s free, it’s simple and it’s the law. Missouri 811 notifies its member utility companies to mark their underground facilities where you plan to dig. Safe digging is everyone’s responsibility. Failure to dig safely can result in costly damages and repairs, loss of essential utility services, and even serious injuries to you or your neighbors.

Comment—What do you think?

X / TweetTM to us | @FaithMoneyBomb
Leave a comment via Email | [email protected]

Connect With Us:

Hartley Facebook / Twitter / Threads
Kevin Facebook / Blog

Show Credits:

  • Sounds by Zapsplat
  • Additional Sound Effects from Pixabay
  • Announcer: Dr. K.J. Wright
  • Podcast Theme: Catch It Music by Coma-Media from Pixabay
  • Disclaimer Theme: Night Bossa by

Next Episode

undefined - Join The Contest! (Bonus Episode)

Join The Contest! (Bonus Episode)

This bonus episode describes and outlines our finance-based contest for 2024. You are invited to participate in this contest.

Show Notes:

  • Enter our contest and predict how many record closes (all-time highs) on the S&P 500 you believe will occur in 2024 .
  • As of the date of this episode's release, 219 trading days remain. Officially, there are 252 trading days on the stock market this year (2024) in the United States.
  • You may submit your prediction any time before or on the contest entry deadline: April 1, 2024. On the date of the entry deadline, there will be only 191 trading days remaining in the year.
  • Submit your guess (i.e., "I predict there will be 21 new all-time highs.") by April 1, 2024, via:
  • Updates on the actual number of all-time highs will be announced on future podcast episodes throughout 2024.

Comment—What do you think?

X / TweetTM to us | @FaithMoneyBomb
Leave a comment via Email | [email protected]

Connect With Us:

Hartley Facebook / Twitter / Threads
Kevin Facebook / Blog

Show Credits:

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