ECONOMIC MELTDOWN: What does the future hold?

Posted by on 6 March 2009 | 0 Comments

In the News...

Joel Rosenberg's Weblog.  March 6, 2009.

From January 1, 2008 to December 31, 2008, Americans lost $6.9 trillion in wealth in the stock markets. Just since Barack Obama was elected, Americans have lost some $3 trillion in wealth, reports Investors' Business Daily, as the markets have plummeted some 30%. The Dow Jones Industrial Average, for example, has collapsed from 9,625.28 on November 4, 2008 to 6,647.49 on March 4, 2009...

Last weekend, I met with some evangelical Christian business leaders in Naples, Florida. They asked me what I thought the future held. I did not offer advice on how to win on Wall Street. But I did share with them a few thoughts from the Scriptures.

In Matthew 6:19-21, Jesus said: “Do not store up for yourselves treasures on earth, where moth and rust destroy, and where theives break in and steal. But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where theives do not break in and steal; for where your treasure is, there is  your heart also.”

I asked the men, “More tough times may be ahead. If some of you have lost 30% to 50% of your assets, what are your plans going forward? What if another 30% to 50% of your wealth vanishes, or is confiscated in a massive new tax increase? Would it not be better to invest some or all of that wealth in the kingdom of God now, where it is safe and secure, while you still have it?”

The Lord is shaking our country and purifying His Church. He is requiring all of us to reconsider what we value, where our treasure is, where our hearts are. He is preparing us to see Him face to face. And when we see Him, there will be a day of accounting. He will ask us what we did with the resources He entrusted to us. What, then, shall we say?

The men also asked me, ”Where is the United States in End Times Bible prophecy?” When I replied, “The Bible makes no indication that the U.S. is a significant player in End Times prophecy,” they responded, “Why? What happens to us?”

I was honest with them, saying I don’t know. I do believe we are living through the events Jesus talked about in Matthew 24 as signs of the “last days” before His return. That said, I don’t know why the United States — the wealthiest and most powerful nation on the face of the earth in the history of mankind — is not ever clearly mentioned in or clearly alluded to in Bible prophecy concerning the last days. I don’t know because the Bible doesn’t tell us.

Read More

Donnie's Remarks...

One of the most frequently asked questions about the End Times is "Does America have a role in prophecy?"  It is hard for us to accept but the only superpower in the world today is not specifically mentioned in Bible prophecy.  It could be that the most blessed nation on earth is losing its economic influence as the End Times approach and we will no longer be a major player.  If this becomes a reality, what Scriptures can we turn to as we seek to formulate a Godly response?

1 Timothy 6:17-19 (KJV)
¹⁷ Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy;
¹⁸ That they do good, that they be rich in good works, ready to distribute, willing to communicate;
¹⁹ Laying up in store for themselves a good foundation against the time to come, that they may lay hold on eternal life.