"Is The Stage Being Set For An Economic Collapse?"

Though the Scriptures don't spell it out, there are enough hints to give us a pretty good idea that all will not remain rosy on the economic front.

But let's be careful not to allow our interpretations of Bible prophecy to be colored by apparent trends in current events.

As difficult as it is sometimes, let's close our eyes to what is happening in our world today and allow the Bible to be its own interpreter.

Remember, Bible prophecy is often purposely obscure or dressed in double meanings:

1. Because we have an adversary intent on foiling God's plans.
2. Because God's word must be relevant to every generation, prophecy often has both a near, or partial fulfillment, as well as a distant, or final fulfillment. 

So what does the Bible say about a coming economic collapse?

Actually, it says very little--directly.

And yet,  prophecy teachers have always taught there would be one. Why? 

Because, just as the doctrine of the Trinity is never spelled out for us in Scripture, it is undeniably there. An economic collapse is there too--by implication.

One only has to read the Book of Revelation to get a glimpse of what's coming.

There will be wars, pestilence (or infectious epidemics), famine and natural disasters. Revelation 6 describes the Four Horsemen of the Apocalypse; #3 mentions food prices:

"When the Lamb broke the third seal, I heard the third living being say, "Come!" And I looked up and saw a black horse, and its rider was holding a pair of scales in his hand. And a voice from among the four living beings said, "A loaf of wheat bread or three loaves of barley for a day's pay. And don't waste the olive oil and wine." 

This rider on the black horse takes prosperity from the earth and replaces it with famine and hyperinflation.

The Book of James doesn't mince words when it says in Chapter 5: 

"Look here, you rich people, weep and groan with anguish because of all the terrible troubles ahead of you. Your wealth is rotting away and your fine clothes are moth-eaten rags. Your gold and silver have become worthless. The very wealth you were counting on will eat away your flesh in hell. This treasure you have accumulated will stand as evidence against you in the last days."

These scriptures (among others) paint a bleak economic picture, but Revelation 13:16-17 is the clincher: 

"He (Antichrist) required everyone--great and small, rich and poor, slave or free--to be given a mark on the right hand or on the forehead. And no one could buy or sell anything with out that mark..."

Well, we don't know about you--but most people would probably balk at giving up their money in exchange for a mark...unless, of course, their money didn't cut the mustard anymore. The Bible makes it clear these judgments will emcompass the entire planet. Who could have guessed 2,000 years ago we'd end up with a global economy?

This doesn't necessarily mean that our current economic troubles are in any way connected to Bible prophecy. It's possible the banks will recover, and everything will be hunky dory again.

In fact, some Scriptures imply things will appear to be humming along like normal just before the Rapture takes place.

In Luke 17, Jesus says: 

"When the Son of Man returns, the world will be like the people were in Noah's day. In those days before the flood, the people enjoyed banquets and parties and weddings right up to the time Noah entered his boat and the flood came to destroy them all...yes, it will be 'business as usual' right up to the hour when the Son of Man returns."

1Thessalonians 5 says that Day will come "unexpectantly, like a thief in the night. When people are saying, 'All is well; everything is peaceful and secure', then disaster will fall upon them as suddenly as a woman's birth pains begin when her child is born. And there will be no escape."

Sounds contradictory until you remember that there are yet two comings of Christ:

1. The rapture of the church. The church will be rescued, but the world at large will be caught completely off guard and left behind to endure the time of trial that will come upon the whole earth. (Revelation 3:10).
2. The Second Coming of Christ.  Comes 7 years later, when the world is neck deep in judgment.

We're betting the final economic collapse comes sometime between these two events. It's possible the sudden disappearence of millions of people triggers the collapse. Imagine the panic, the absolute chaos.

So, if the Bible predicts a global economic collapse, are we seeing the very beginnings of it now? We don't know. It could be just another economic cycle, or it could be one of those famous 'birth pains'. Only time will tell.

A wise man once said: "Within the last week, we have witnessed the second and third largest bank collapses in the entire history of our country. But Silicon Valley Bank and Signature Bank are not unique cases. The Federal Reserve created a 620 billion dollar black hole in our banking system by aggresively raising interest rates, and our quadrillion dollar derivatives pyramid scheme is starting to tremble violently. The Federal Reserve is desperately trying to fix things by recklessly spraying money around, but the truth is that Fed officials are ultimately going to need a much bigger hose."--Michael Snyder, The Economic Collaspe

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News:

• CNBC: Moody's cut outlook on U.S. banking system to negative, citing "rapidly deteriorating operating environment"

• Grabinews: Finansial expert, Carl Icahn, "Our system is breaking down, we absolutely have a major problem in our economy today"

• Daily Mail: Credit Suisse shares fall to all-time low as bank announces it has found "material weakness"; Wall Street expert predicts it will be next to fail

"Only 2 Choices: Inflation or Implosion"

Ever wonder what would happen to the financial system if the Fed stopped printing massive amounts of money?

Nothing good, says economist John Williams, founder of ShadowStats.com.

"The Federal Reserve has painted itself into such a tight corner with the economy it really has only two choices: inflation or implosion."

Apparently, printing an endless amount of stimulus money to keep the masses happy isn't a good idea. And how does the government service all that debt? You guessed it--they just print more.

"The system needs liquidity (freshly created dollars) to function...the Fed needs to keep the banking system afloat. They want to keep the economy afloat. All that requires a tremendous influx of liquidity..."

In other words, if the Fed keeps printing enormous amounts of money, it will result in enormous amounts of inflation.

But if the Fed quits printing? KABOOM! The whole economic system implodes.

"That's the choice,' Williams says. "And I think we are going to have a combination of both of them. I think we are eventually headed into a hyperinflationary economic collapse."

Interesting, because the Bible predicts there will be hyperinflation (Revelation 6:6) and then an entirely different type of economic system (Revelation 13:16,17) during the 7 years of tribulation.

Doesn't it seem reasonable to assume something would have to happen to the current economic system for this to happen?

A wise man once said: "All the signs Jesus and the prophets said to look for are present right now. And not only are they present, but ours is the only generation in all of history that can make that claim. And you know what else? Jesus said once you see the presence of all those signs, He's coming." -- Britt Gillette, author

"When you see these things begin to happen, Look up. For your salvation is near!" (LUKE 21:28).

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News:

• Buenos Aires Times: Poll shows Argentines expect inflation to hit 50% in next year; meanwhile, Deutsche Bank warns of inflation 'time bomb'
• Bloomberg News: Global economy grapples with supply shortages and rising prices
• Yahoo! finance: Global Food Prices Surge To Near Decades High, UN Says; meanwhile, Calif. drought causes farmers to destroy crops for lack of water

 

"Is God Using Trump To Fulfill Bible Prophecy?"

What are the odds that the three nations prophesied to attack Israel for financial gain are all on the brink of economic collapse?

In his Mid-East Prophecy Update, Pastor JD Farag highlights some of the amazing specific details given in the Ezekiel 38 prophecy and how precisely they are lining up with current events.

For instance:

• The prosperity of Israel at the time they are attacked, (a recent development with the discovery of oil and natural gas), added to on Monday by Trump's defense and aid bill.
• The fact that Saudi Arabia (as unlikely as that seemed only a short while ago) is friends with Israel at the time of the attack.
• And how Iran, Russia, and Turkey are now on the verge of economic collapse (due, in part, to recent sanctions imposed by President Trump).

JD Farag believes the infamous Gog and Magog War prophesied in Ezekiel 38 and 39 cannot be far off. All the major players are on Israel's border even as minute details of the prophecy fall into place.

"Everything is lined up perfectly," asserts Farag. "I don't know how it could be any more exact. Wouldn't it also stand to reason it couldn't stay at this point for very much longer?"

"Look at how much has happened in just the last three years," Farag points out. "And fast forward the clock to even three years from now. Would all this still be in place? No, I don't believe so."

While Farag denies any knowledge of when the Rapture of the Church will occur, he does urge Christians to "wake up."

"We are very close," he says. "I don't think it's possible to overstate the urgency of the hour."

Farag goes on to explain that "there are many who believe that the Rapture will take place prior to or even in concert with the fulfillment of Ezekiel's prophecy. And if that's the case...then the time is at hand."

So is God using Trump, a secular businessman, in His prophetic alignment? Only God knows the answer to that.

A wise man once said; "Both President Donald Trump and Cyrus the Great, the ancient King of Persia, recognized Jerusalem as the Capital of Israel, thereby giving Israel a hedge of protection." -- Endoftheage.com

" Just so, when you see the events I've described beginning to happen, you can know His return is near, right at the door."  Matthew 24:33

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News:

• Y Net News: Moscow would regard more U.S. sanctions as economic war.
• Arutz Sheva: Iran Turkey Russia On Verge Of Economic Collapse
• Yahoo! Finance: U.S. sanctions slam Russian ruble, Turkish lira tumbles

"Pope Warns Global Economy Near Collapse"

While the US was obsessing over the Washington Redskins dropping their "racist" name, Pope Francis was busy trying to wake up the sheeple.

"Our world economic system can't take it anymore," he told Spanish newspaper La Vanguardia. "We discard a whole generation to maintain an economic system that no longer endures."

"Inequality is the root of social evil," he recently tweeted and during a UN address he said, "Equitable economic progress will be made by the legitimate redistribution of economic benefits by the state."

Liberals are crazy about the guy and conservatives blast him as a socialist.

The real question? Is he right about the global economy? Is he correct in assuming that what goes up, must come down?

Financial expert James Rickards, author of the best-selling book, The Death of Money predicts "...the coming collapse of the the international monetary system."

"We are on the precipice now," says Rickards. "The mistakes have already been made. The instability is already in the system; we are just waiting for a catalyst. It's coming because the instability is already here."

Rickards explains, "It is the thing you won't see coming that will take the system down."

According to Rickards: "The international monetary system has collapsed three times in the past hundred years. Each collapse was followed by a period of tumult, war, civil unrest."

Pope Francis has challenged the world's business-elite to do more to help the poor and vulnerable. If James Rickards' predictions prove correct, they're going to be needing all the help they can get.

James Rickards on financial collapse...

A wise man once said: "One of the greatest disservices you can do to a man is to lend him money he can't pay back." --Jesse H. Jones, US Secretary of Commerce

"Keep your lives free from the love of money and be content with what you have, because God has said, 'Never will I leave you; never will I forsake you.' That is why we can say with confidence, 'The LORD is my helper, so I will not be afraid. What can mere mortals do to me?'" (Hebrews 13:5-6)

News:

• Fox News Channel: US economy shrinks by 2.9% in first quarter; worst performance in 5 years.
• Yahoo! News: Obama seeks $500 million from Congress to help Syrian rebels.
• World Affairs Brief: Presbyterian Church votes to allow gay marriages. 

"Economic Chaos?"

It's official, people. This country really is unraveling. The wheels are coming off and there's no one in charge. The Government Accountability Office (GAO), responsible for auditing the federal government's books, released its annual report last week. The news is actually worse than the rumors flying around the internet.

It seems our government is incapable of providing accurate financial information. The GAO "must have ready access to reliable and complete financial and performance information" in order for an audit to be done. But guess what? The federal government hasn't bothered to keep track of the money!

The report states, "Absent policy changes, the federal government continues to face an unsustainable fiscal path." Translation: If they don't do something quick...put a fork in us 'cuz we're done.

The GAO report, which borders on the pathetic, cites the following 'weaknesses':

• serious financial management problems at the Department of Defense
• an "inability to adequately account for and reconcile intra-governmental activity and balances between federal agencies"
• an "ineffective process for preparing consolidated financial statements"

The incompetence of our government staggers the imagination. Where is the media? How is it we've barely heard a word about it? It seems the mainstream media won't touch this story with a 10-foot pole. Why are they so committed to painting a rosy picture? You'd think they'd want to expose what's going on, but you'd be wrong.

Straight-talking Bill O'Reilly at the Fox News Channel broke the trend and said the unthinkable in his Talking Points Memo on January 18th: "If the feds do not stop the wild spending, the U.S. dollar will collapse."  (see for yourself at www.billoreilly.com -- Talking Points Archive).

Alarmist?

• Government debt is now 73% of GDP
• National debt is roughly $52,000 per U.S. citizen
• Feds continue to monetize $85 billion every single month
• There has been no budget whatsoever in 3-1/2 years

Boston University Economics Professor Laurence Kotlikoff warns, "The situation is getting worse and worse and worse. We are actually in worse shape than any developed country...we are using accounting that would make Bernie Madoff blush." Financial analyst Karl Denninger says, "The truth of what we have to do is still politically impossible. All you are seeing now is the tap dance around the fact we have to accept a 7, 8, maybe 10 to 15% fiscal contraction in GDP in order to come back into balance." The contraction in 2008 when the financial crisis began was only about 3%. Investment manager Tom Cloud warns, "People are starting to pull away (from U.S. dollar) and take care of themselves...you don't want to be the last guy holding the bag."

Neither political party is acting like grown-ups. The Dems whine the GOP won't cooperate and the GOP claims they have no one to negotiate with. All they seem to do is point fingers at each other and complain. Worst of all, they keep pulling in revenue from the future and count it as spending cuts!

Both parties are equally responsible. All spending bills originate in the House of Representatives and the Republicans have had the ability to cut off spending for over 2 years now. So, what exactly are they doing--rearranging the deck chairs?

It's time for us to wake up and face the music.

When governments take in less than they spend, unchecked, year after year after year (without even keeping tabs!) and then print money ad nauseum, there is bound to be trouble. Big trouble.

Clearly, there are no adults in the room. We're on our own.

Where will you be when the music stops?

A wise woman once said: "You can avoid reality, but you cannot avoid the consequences of avoiding reality."-- Ayn Rand, author of Atlas Shrugged

"A prudent person foresees the danger ahead and takes precautions; the simpleton goes blindly on and suffers the consequences." Proverbs 22:3

News:

• CNN: Israeli PM Benjamin Netanyahu wins re-election by the skin of his teeth and is significantly weakened politically. Not likely to strike Iran.
• Huffington Post: House of Representatives votes to raise nation's debt ceiling by an unspecified amount, suspending the federal government's restriction on borrowing until late May
• MSN: Pentagon lifts ban on women fighting in combat
• Fox News Channel: U.S. sends gift to Egyptian Muslim Brotherhood: 20 F-16 Fighter jets
• NBC News.com: Dangerously cold temps cause serious health concerns and several deaths in Mid-west and Northeast