MSN: Without an immediate and careful reordering of both U.S. spending habits and technological priorities, the U.S. risks becoming the second-best superpower in the world. Such a fall from grace would trigger a series of unfortunate economic events.
Long-term economic indicators have indeed raised red flags. U.S. GDP fell by about 2 percent in 2020, while China’s increased by that percentage even amid the coronavirus pandemic, putting it only about $6 trillion behind the U.S.
At the same time, the Fed has accumulated an astonishing $7.8 trillion portfolio of mortgage securities and other assets responding to recent financial crises. That is about 10 times the size of its holdings before the 2008 crisis, and the last decade has demonstrated that it is not easy for the Fed to liquidate such a huge portfolio.
These problems may pale, however, in comparison to the $6 trillion allocated for COVID-19 relief and the $2 trillion yet to be appropriated for infrastructure, all from funds that neither we, nor our children, and perhaps our grandchildren will ever have. Read More …
Opinion: On Saturday April 5, 2021, this website operated like any other Saturday. We had several headlines and 1 blog post (too many) and went to bed that night unaware that we not only exceeded the number of files we were allowed under our hosting plan, but that our back up mechanism failed. The website was essentially on life support and it stopped working completely on April 10 (the same night Jimmy DeYoung was in town for a teaching and was going to introduce my wife and me and to over 100 Christians).
The US economy will be something like that with the exception of the Jimmy DeYoung part. One day the Federal Reserve and US Treasury will print $1 too many. The economy will stop, and a catastrophic drop in the global market will begin.
We will have no idea that everything is about to change until it is too late.
In the same way, one day when the last Gentile whom God wants saved, is (Luke 21:24), God will tell His Son to go get His bride the church (Matthew 24:16). In the twinkling of an eye, millions will disappear (1 Thessalonians 4:16-17), leaving a stunned world behind.
Like our website and the economic crash, panicked people will be wondering if there were signs that they had missed, but many will know deep down that carelessness in studying God’s prophetic word was the cause.
Left behind are terrifying words, because what follows is the 7 year wrath of a just God.
Do you know Him?
“ Moreover, brethren, I declare unto you the gospel which I preached unto you, which also ye have received, and wherein ye stand;
2 By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain.
3 For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;
4 And that he was buried, and that he rose again the third day according to the scriptures:
5 And that he was seen of Cephas, then of the twelve.”
He, Jesus, paid a debt He did not owe, because I owed a debt I could not pay.