Worthy Christian News Blog » Global Economy

As I was reading the text of the bailout plan on the Wall Street Journal, there was a clause that just jumped out and I had to re-read because it was so outrageous.  Section 8 states:

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

The Secretary of the Treasury wants power to authorize $700 billion dollars to Wall Street, without any REVIEW and without any threat of being reviewed by a COURT OF LAW!  Is it me, or does this sound fishy?  Does it seem as if someone just trying to steal $700 billion dollars?

Until next time…

I received an email the other day, “What would you do if you were sitting in President Bush’s position concerning Iran?”  What a question!

But if I were sitting in the President’s position, the first thing I would do is strangle Iran economically!  Not only sanctions, but I would do all that I could to drive down the price of oil to the basement!   I would stress to the world, that the price of oil is not only threat to the economies of the world — but a global security threat!

I would present the case before the people of the U.S. and stress the need to drill and open all the avenues necessary to become energy independent.  If speculators knew the U.S. was preparing to drill — then oil prices would start plummeting!

Whether people realize it or not, just about every problem in the world is driven by dollars created by OIL!  Russia is becoming a bear again — because of its petroleum revenues!  Venezuela would throw its dictator out if their social programs collapsed because of the lack of revenue!  Dollars flowing out of Iran financing terrorism would dry up!  Think about it — it’s all because of OIL!  So those who think we shouldn’t drill, you’re actually preventing peace across the globe!

Until next time…

The United States is going to record a shortfall of $400 Billion dollars this year!  The debt of the United States has reached $9.5 trillion dollars!  As we hear this figure, $9.5 Trillion dollars — do we really have a concept of how gigantic this is? Let me illustrate it this way…a million seconds is approximately 12 days.  A billion seconds is roughly 31 years.  Now a TRILLION seconds is 31,688 years!  The national debt of the U.S. in SECONDS right now is 301,036 YEARS! Do you think the world has a concept of just how huge the debt is?  I don’t think so — considering the reserve currency of the world is still the U.S. dollar with over 60% of the world’s reserves based on the dollar. [ Source: Wikipedia ]  So how long do you really believe the world can sustain such a debt load — before a complete economic collapse occurs?

Until next time…

Today, USA Today produced an unbelievable article dealing with the TRUE financial status of our United States. According to this article, our government recorded a loss last year of $1.3 trillion dollars! – Source. WOW. Do you realize how much that is? That is thirteen, with eleven zero’s after it! $1,300,000,000,000! Phew!

Economists have been warning that a collapse of the US economy would undoubtedly lead to the collapse of economies throughout the world. Many have even mentioned the need for a new global economy. Hmmmm. Haven’t I read something like that in Revelation?

Our world is on the horizon of total financial collapse and I’m excited. Excited?! You say? Yes! I believe this is a significant sign to us that prophecy is well under way and great things are soon coming!

When Jesus came two thousand years ago, the Bible tells us that He came in the “fullness of time”. (Galatians 4:4). That means that the earth and all that was within it needed to be prepared. One of the ways the Lord prepared the world for the coming of his Son was through the establishment of a global economy under the rule of the Roman Empire. This opened the door for the Gospel to be effectively spread through the means of a common language and common currency.

In our age, we see similar signs with the coming of the anti-Christ and Christ’s near return. It should not surprise us that satan would try to establish another global economy. Yet is apparent that that is precisely what is taking place.

Most Christians are taught that the anti-Christ will set up the world’s economic system – and yes, this may very well be true. Although, I personally believe that the world’s economic system may already be in place before he comes to power (but don’t take my word for it — this is simply an opinion. God knows I’ve been wrong before).

Here’s the bottom line. When I read stories like this one, about the coming financial doom of the economy, it does not distress me and neither should it you! As we see these things coming to pass, our eyes should be opened and we should lift our heads high, for we know our redemption draws near!