source Another disconcerting problem with our enormous debt burden is the parties to whom we owe it. In we owed most of our national debt to ourselves—to individual investors and American financial institutions. In fact, less than 5 percent of U. Treasury bonds were in foreign hands. The rate of foreign ownership of American debt securities is increasing at an alarming pace; it is now triple what it was in Here is a partial list of the nations that hold our debt and the amount they owned as of the end of This money has been borrowed by issuing IOUs, which are called bonds or Treasury notes.
Until our debt is repaid which it likely never will be , we pay interest on those IOUs. These payments do not touch the principal. Even a small increase in the interest rate has a big impact. Here we are, supposedly the wealthiest nation in the world, and we are over our heads in debt. Wise King Solomon hit the nail squarely on the head. The lender always holds power over the borrower. This principle does not bode well for the future of America. With our out-of-control borrowing, we have placed our financial well-being in the hands of foreign countries that have no love for us. Since people have been playing Monopoly.
Unfortunately, many world governments, including our own, are currently playing Monopoly as well. These are exactly the rules our government plays by in managing the U.
The money manipulators have successfully created the illusion of prosperity through the most massive creation of debt and paper money that has ever occurred in history. That debt bubble is about to burst again; [and] when it does, all those… investments your friends, and maybe even you, think are safe—CDs, and bonds, and mutual funds—will be in deep, deep trouble.
When the dollar loses its status, the U. Those higher rates will cause consumer interest rates to rise in proportion. This means the cost of borrowing for homes and cars will get more expensive, partly as a result of the high rates themselves, and partly because rising interest rates will trigger inflation as the economy needs more dollars to meet the rising cost of borrowing.
Many economists foresee a period of massive inflation ahead as the economy begins absorbing the billions of dollars of stimulus money the Fed has printed. If you insert more printed dollars into the economy, the value of existing dollars is decreased, meaning the price of everything goes up.
Despite what politicians and money manipulators would like you to believe, inflation is not rising prices. That is only a symptom of inflation, just as sniffles are the symptom of a cold. Knowledgeable people are well aware that inflation is an increase in the supply of money—period. Nothing more and nothing less. The more money the Federal Reserve prints and pumps into our economy, the higher prices will be driven up. Hyperinflation robs money of its value. During the inflationary period of the s in postwar Germany, the government printed so many marks that they were being used to light fires.
Erwin Lutzer tells a story of a woman who filled her wheelbarrow with German marks and left them outside a grocery store as she shopped—confident that no one would steal the worthless currency. She returned to find a pile of marks but no wheelbarrow. We can learn much about the impact of inflation from history.
Private banks, besieged by their clients, found it impossible to meet the demand for money. They feared the economy might fall into trouble unless they made more cash and credit available. At first inflation stimulated production… but later… it annihilated thrift; it made reform of the national budget impossible for years… it destroyed incalculable moral and intellectual values. It provoked a serious revolution in social classes, a few people accumulating wealth and forming a class of usurpers of national property; whilst millions of individuals were thrown into poverty.
It was a distressing preoccupation and constant torment of innumerable families; it poisoned the German people by spreading among all classes the spirit of speculation and by diverting them from proper and regular work, and it was the cause of incessant political and moral disturbance. It is indeed easy enough to understand why the record of the sad years — always weighs like a nightmare on the German people.
By the time Odoacer deposed the last emperor in , the silver denarius contained only 0. As if it had not been tried before. As if they could get away with it and people really could get something for nothing! Deficits, debts, and inflation all add up to economic chaos because shortsighted leaders tend to address the problem by creating more deficits, debts, and inflation. As a result, for the first time in my lifetime, the word trillion is being tossed around like a common denominator.
Just how much is a trillion? An illustration might help us grasp this incomprehensible number. The Federal Reserve issues new one-hundred-dollar bills to your bank in banded packages of one hundred bills each. One hundred such stacks equal one million dollars. A hundred million looks a little more respectable. It stacks into a neat cube shape that fills a standard industrial pallet. One billion dollars fills ten pallets of hundred-dollar bills. A trillion dollars would fill ten thousand pallets of hundred-dollar bills—enough to fill the floor of a fair-sized warehouse.
Going back in time 1 million seconds would take you back 12 days. One billion seconds would take you back 30 years and one trillion seconds would take you back 32, years. The fact that our government, economists, and the media are beginning to think in terms of trillions instead of billions is not a good sign. I agree with those who say it seems very unlikely that our nation will ever be able to pay off her debts. Social Security, Medicare, Medicaid, and any new health benefit program require more funding than our current tax structure can support.
Even if the tax rates are increased—as we have been assured will happen—there simply is not enough money to buy our way out of debt. If these assumptions are accurate, our nation is headed toward bankruptcy. If history repeated itself, revolution would follow! That statement [There is no normal anymore]… goes a long way toward explaining why so many Americans are angry, confused and worried today.
They want things to get back to normal but increasingly feel that there is no normal any more…. Only Americans who lived through the Great Depression of the s can remember a time of greater stress. In the midst of a so-called recovery, the economy is still shedding tens of thousands of jobs monthly, with the national unemployment rate already at 10 percent. In the past, a 4—6 percent unemployment rate was considered normal, but that now seems like a distant dream because it takes job growth of about , a month just to keep the unemployment rate from rising further—given the expected growth of the labor force.
So normal unemployment could be years off. There is nothing normal about an economy in which the federal government takes over giant automakers, bails out too-big-to-fail banks, buys up nearly all mortgages, keeps short-term interest rates at zero and prints over a trillion new dollars. We long for a return to normalcy, but it seems impossible to get there from where we are. The future is beginning to be clear; barring some dramatic reversal, our nation is facing certain bankruptcy or some equivalent financial meltdown.
You may be surprised to learn that the Bible predicted the future that is our present reality. Come now, you rich, weep and howl for your miseries that are coming upon you! Your riches are corrupted, and your garments are moth-eaten. Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire.
You have heaped up treasure in the last days. Indeed the wages of the laborers who mowed your fields, which you kept back by fraud, cry out; and the cries of the reapers have reached the ears of the Lord of Sabaoth. You have lived on the earth in pleasure and luxury; you have fattened your hearts as in a day of slaughter.
You have condemned, you have murdered the just. James —6. Although James wrote his letter to the Christian church, these first six verses of chapter 5 are addressed to wealthy nonbelievers. James was not indicting these people simply for having wealth. James gives us two distinct reasons for his condemnation. These rich men were oblivious to the momentous days in which they were living. How utterly unthinkable to amass and hoard wealth as the day of judgment draws near. As James said in verse 5, these indulgent rich people were merely fattening themselves for slaughter—a vivid metaphor for the judgment they were bringing on their heads.
These people were so consumed with providing comfort and security for their own lives that they even withheld rightful wages from their workers and condemned just people. Nothing mattered but themselves. Global economist Wilfred J. Hahn shows us that the actions and attitudes toward wealth that James condemns are certain signs of the last days:. The entire prophecy found in James —6 lists at least six financial or economic signs of the last days.
I have counted almost 50 such general signs following years of Bible study. They include hoarding, accumulation of wealth, wage inequities, different classes of workers, luxuries and indulgence consumerism at its peak! Most significantly the edifice of wealth is then turned into a curse as it is corroded and proven illusory. In fact, it has already begun to happen. When we think of wealth, we think of stocks and bonds, bank accounts, and real estate holdings.
But James writes of wealth in terms that would have been understood in his own culture. He speaks of corrupting riches, moth-eaten garments, and corroded gold and silver see James —3. James points out to the wealthy that they are storing up wealth that is not enduring but eroding. Nothing describes the current plight of our nation like the term eroding wealth.
In , U. Unemployment reached a record The number of Americans living below the poverty level rose to The number of Americans without health insurance rose to The price of oil tripled. The price of gold quadrupled. The U. As of May , the U. In fact, was the first year in twenty-nine years of record keeping in which the U. The biggest single-day point loss ever in the Dow occurred on September 29, , when the Dow slumped According to Forbes magazine, Gates and Buffett were not the only billionaires to have a rough year.
The number of billionaires dropped from 1, in to in We feel alarm not only because of the extent to which these events are affecting us, but also because of their rapid acceleration. Many are beginning to wonder if there is any force strong enough to reverse our headlong slide into national chaos. The wealthy people James addresses were guilty not only of the hoarding of wealth, but also of the sinful acquisition of it.
This is exactly what we see happening today as many who pursue wealth disdain honest labor or service in favor of manipulation and ruthless power. Bernie Madoff, [who] rots away in a Butner, N. I cannot offer you an excuse for my behavior. How do you excuse betraying thousands of investors who entrusted me with their life savings? How do you excuse deceiving two hundred employees who spent most of their working life with me? How do you excuse lying to a brother and two sons who spent their lives helping to build a successful business? How do you excuse lying to a wife who stood by you for fifty years?
He ruthlessly exploited the little guy. He put his trust in his riches—riches he had gained by depriving others of their rightful money. His riches eroded and left him in misery. Bernie Madoff is also a fitting symbol for what our own government is doing to America. As I will explain in the next two chapters, the eroding wealth and erupting wickedness of our nation are marching us headlong toward a new world order and its global economy.
Indeed, no specific mention of the United States or any other country in North or South America can be found in the Bible. One reason may be that in the grand scheme of history, the United States is a new kid on the block. As a nation, it is less than years old—much younger than the nations of Bible times that are featured in biblical prophecy. Some believe our nation will be incorporated into the European coalition of nations. Others suggest that by the time the Tribulation period arrives, America will have been invaded by outside forces and will no longer be a superpower. Perhaps the decay that is so rapidly eating away at our moral foundations will have destroyed us from within.
My reasoning went something like this:. If the Rapture were to happen today and all true believers in Jesus Christ disappeared… America as we know it could be obliterated…. It would be like a reverse surgical operation—one in which all the healthy cells are removed and only the cancerous ones are left to consume one another. What if none of the reasons I have listed explain why America is a nonplayer in the final events of history?
What if there is another explanation so obvious that students of prophecy have failed to notice it? What if this once-great nation, because of its inability to repay its trillions of dollars of indebtedness, is so weakened as to be absorbed into the new world order and its global economy, thus losing its sovereignty and separate identity?
Warnings by nature are not pleasant. But while warnings are not pleasant, they are helpful. The writer of Hebrews gives us both the answer and the assurance of our own well-being. In other words, if you are living the life of a Christian, you need not be anxious about the future. Albert Mohler, president of the Southern Baptist Theological Seminary, made these wise observations about our Christian conduct in the present economic crisis:.
Christians should look at the economy as a test of our values. The Bible values honest labor and dedicated workers, and so should we. The Bible warns against dishonest business practices, and we must be watchful. False valuations are, in effect, lies. Dishonest accounting practices are just sophisticated forms of lying. Insider information is a form of theft. The Bible honors investment and thrift, and Christians must be wary of the impulse for short-term gains and pressure for instant profit. The important thing is not to be drawn into the thinking of the general culture and become a part of the problem.
E ven if you were not alive on Halloween in —and I was not—you probably have heard of the terror that spread across the country that night over the airwaves of the CBS radio network. But because no radio drama had ever before been presented as if it were a special news bulletin, gullible listeners thought it was actually happening, and mass hysteria spread across the nation. It took weeks to settle it down and months for many to finally accept that the program was simply dramatic fiction. The War of the Worlds was not H. In he published a nonfiction work titled The New World Order , which, at the time of its writing, seemed almost as bizarre as The War of the Worlds.
Wells to when space vehicles Voyager I and II were launched. A gold record was placed aboard these spaceships containing information meant for any intelligent life they might encounter. The following words of President Jimmy Carter were included on that record:. This Voyager spacecraft was constructed by the United States of America… a community of million human beings among the more than four billion who inhabit planet Earth… still divided into nation states… but rapidly becoming a single global civilization. We cast this message into the cosmos… a present from a small distant world.
We hope someday, having solved the problems we face, to join a community of Galactic Civilizations. Obviously, our thirty-ninth president believed in the new world order, and he would not be our last president to do so. Fast-forward to September 11, , when the forty-first president, George Herbert Walker Bush, addressed a joint session of Congress, which had been called to deal with the Persian Gulf crisis and the federal budget deficit.
In this address he repeatedly referred to a new world order:. A new partnership of nations has begun. And we stand today at a unique and extraordinary moment…. A hundred generations have searched for this elusive path to peace while a thousand wars raged across the span of human endeavor. And today, that new world is struggling to be born. Two months after that speech, President Bush addressed Congress yet again, this time commemorating a successful conclusion to the Gulf War.
Now, we can see a new world coming into view.
A world in which there is the very real prospect of a new world order…. A world in which freedom and respect for human rights find a home among all nations. Throughout his presidency, George Herbert Walker Bush was a vociferous advocate of the new world order.
Now, move forward to the more recent past. If progress is made on these enterprises, will mark the beginning of a new world order. Just a few days before the inauguration of President Barack Obama, Kissinger said this in a television interview:. The president-elect is coming into office at a moment where there are upheavals in many parts of the world simultaneously.
You have India, Pakistan; you have… the jihadist movement. But he can give a new impetus to American foreign policy partly because the reception of him is so extraordinary around the world. I think his task will be to develop an overall strategy for America in this period when, really, a new world order can be created. Sometimes it appeared to the global media as if he were running for president of the world. Gordon Brown, then prime minister of the United Kingdom, laid out the purpose of a new world order on a visit to Delhi in January Instead, I see a world that harnesses for the common good the growing interdependence of nations, cultures, and peoples that makes a truly global society.
What is there about a new world order that unifies the minds of scientists, presidents, politicians, and religious leaders? For many it is surely the fear of a world-ending global war.
Others see the need for a new order through the lens of hunger, disease, and other social issues they believe could be addressed more effectively through centralized political power. Environmental alarmism is being exploited to chip away at national sovereignty. The latest threat to American liberties may be found in the innocuous sounding Copenhagen Climate Treaty, which will be discussed at the United Nations climate-change conference in mid-December….
The governing authority envisioned by the document reads like a bad George Orwell knockoff. Although no legally binding pact was signed, the U. Today the move toward a new world order has intensified as powerful movers and shakers such as George Soros are putting their money where their mouth is. Soros is like a character in a mystery thriller. Born in Hungary in , and having escaped the Holocaust with his Jewish family, he went on to become an American currency speculator, stock investor, and political activist.
At last count, this multibillionaire was one of the thirty richest people on earth—and one of the most powerful and most mysterious. A shadowy figure, he exerts enormous influence behind the scenes, moving people about like a puppeteer and manipulating the global economy from highly fortified hideaways. This prediction has launched Soros into the final cause of his life; he is devoting millions of dollars to fund a postcrisis think tank that will reinvent a new global order following the coming economic collapse.
The Coming Economic Armageddon: What Bible Prophecy Warns about the New Global Economy [David Jeremiah] on nojuxokusebu.tk *FREE* shipping on. Editorial Reviews. Review. "A clear, compelling primer on God's heart for Israel and the The Coming Economic Armageddon: What Bible Prophecy Warns about the New Global Economy - Kindle edition by David Jeremiah. Download it once.
In these uncertain financial times, the new economy has our attention, and almost everyone is weighing in on it—how it is affecting us and how we are to survive in it. In spite of all the talk about the new world order, it is important to note that it is neither new nor orderly. It is built on a foundation of chaos and confusion as old as history itself. In fact, a new world order first appears in Genesis, the first book of the Bible. At last, they found a plain in the land of Shinar, and they dwelt there see Genesis Shinar, which was in the region now known as Iraq, was the historic location of the infamous Babylon.
The Bible indicates that the mighty leader Nimrod decided to draw all peoples together to form a powerful society in this rich farmland. With a single unified kingdom, we can achieve universal peace! Why create differing religious viewpoints? With one unified kingdom, we will eradicate the possibility of religious disputes! With a single language, we can create a global economy and prosperity for all.
This all sounds so reasonable, one might wonder just what the problem was with their plan. The answer is that it was an act of rebellion against God. He wanted the whole earth populated with His image-bearers see Genesis — Mankind, settling in smaller communities throughout the world, would not be tempted toward the self-importance and sense of power that massive centralization would foster. Centralization would tempt them to rely on their own collective wisdom and strength instead of trusting in the Lord. Bible expositor C. Left to itself, it will ever find its objects in this lower world; it will ever build beneath the skies.
It is significant that in two verses Genesis —4 KJV the tower builders used the word us five times and the name of the Lord not once. Clearly this original new world order was driven by pride, self-sufficiency, fear, and rebellion.
Free delivery worldwide. Bestselling Series. Harry Potter. Popular Features. New Releases. Description Never before have we read such jarring headlines, distressing news analyses, or dire predictions concerning the world's financial future. The American housing market -- or, more sentimentally, the American dream -- began to collapse in , taking with it large chunks of the global financial system. Millions of jobs worldwide have vanished forever.
Did Bible prophecy predict this catastrophe? Are there biblical clues to how soon, if ever, a viable, long-term recovery can be sustained?