Monetary Authority of Singapore The Big Crash! LoveSingapore NOV 08 MAS is the central bank of Singapore. 6 Pray for MAS 1 Acknowledge God Our mission is to promote sustained non- inflationary economic growth, and a sound Pray for MAS Directors by name. The global economic system is a system based on greed, personal gratification, and progressive financial centre. That God will bless them in their lust for power and control, rather than on social justice, community responsibility personal lives and strengthen and stewardship. MAS’ Functions them in all aspects of their MAS Acknowledge the hand of the Sovereign Lord in this global financial shaking, To act as the central bank of Singapore, responsibilities. the worst so far. It is a redemptive instrument of God to — including the conduct of monetary policy, That God will protect them from • correct our wrongs (we reap what we sow) the issuance of currency, the oversight of unwise counsel. • draw us back to Christ, our one and only security. payment systems and serving as banker • teach us His ways to and financial agent of the Government That God will anoint them with • re-lay our foundations wisdom, insight, foresight. To conduct integrated supervision of • mature us in His character financial services and financial stability That God will grant them clear • change us inside out surveillance economic decisions and direction, To manage the official foreign reserves fresh thinking and a new spirit of of Singapore economic innovation, empowering Singapore to leapfrog into new To develop Singapore as an international economic arenas to fulfill His financial centre purpose! Board of Directors Goh Chok Tong (Chairman) Out of this shaking, may Singapore (Church and nation) emerge stronger Senior Minister and purer in God, refined to define the times. Mr Lim Hng Kiang (Deputy Chairman) Minister for Trade & Industry Welcome the Sovereign Lord to establish His new economic order in our Mr Koh Yong Guan lives (personal and corporate) founded on His wisdom, truth, righteousness Chairman, Central Provident Fund Board and justice. Mr Lim Chee Onn Executive Chairman, Keppel Corp Ltd 2 Repent of our sins Mr Teo Ming Kian Permanent Secretary, Ministry of Finance Sins of self conceit. Mr Tharman Shanmugaratnam Pride blinds. Pride deceives. We have prided ourselves on our abilities. We Minister for Finance have relied on our own reasoning, resources and reputation, more than we Mr Lucien Wong Yuen Kuai have relied on God. We have put our trust in our leaders, our institutions, our Managing Partner, Allen & Gledhill systems more than we have trusted God. Professor Walter Woon Attorney-General, AG Chambers Mr Heng Swee Keat Managing Director, MAS SOURCE: www.mas.gov.sg Sins of unbridled greed Use of dishonest scale, usury, extortion. Fresh passion to glorify God in our daily lives. Sins of ingratitude Because of a scarcity mentality and unbridled greed. Sins of injustice Because of unbridled greed, we exploit the poor and needy, the weak and the vulnerable for our own selfish gain. For example, the defrauding of Compassion to serve the poor and needy. migrant workers. 3. Renounce fears Amid the global shaking, identify with the fears of our nation. Release to 5 Prophetic Response God our fears and renounce its grip over us. Fear of economic failure. Big time giving inspite of the Big Crash! Fear of being marginalised, being insignificant, fear of losing out. Spirit of generosity. Outrageous, cheerful giving even out of our own lack. Fear of brain drain and emigration: Singaporeans exiting the land. Fear of losing our national sovereignty and identity. 4. Realign with God Transfer of wealth to eradicate systemic poverty Urgency to humbly pray like never before. Pray for a massive shift of financial resources to the righteous who serve the poor and needy. Grace and willpower to get out of debt. Godly contentment to live well. Philanthropy movement A new spirit of philanthropy among Singaporeans. Ask the Lord to bring together His alliance of God-fearing wealth-creators for the benefit of the poorest of the poor in Asia. Godly wisdom and knowledge to lead well. .