Wednesday, October 08, 2008

More Economic Woes?
Well, don't call me an alarmist, but I've have been closely following the economic struggles of the world. Nation after nation is having to borrow money from other nations to prop up its economy and government. (Read about Iceland and how it could not even receive a loan for 4.5 billion dollars from the U.S., European Union, or the Internation Monetary Fund - all of which should be able to donate that in the blink of an eye...technically.) Now, what happens when those nations who loaned the money need it? Such practices between nations (at least at this time...) is just delaying a true crash. Furthermore, (and this is the important part), several "Central" banks have dropped their interest rates. In other words, several national banks worked in a cooperative effort to help head off a worldwide depression. Consequently, the United Nations, along with many, many, MANY, nations around the world have stepped forward calling for a global monetary policy, fund, and program. In essence, this is the first step toward a true global, one world, monetary system. Now, I know many of you are laughing at this point, but when you are reading the economic news and listening to the political/business leaders of the nations calling for such a thing, it does make you sit up and take notice. Besides, why couldn't this happen? Congress has already spent over $1,000,000,000,000.00 to help "aid" our economy (hello Socialism!!!). At this point, Congress is telling everyone that major changes are needed (including in the functioning of our government, etc.). You see, there are things happening that many people do not know about unless you are a news junkie (okay, I admit I watch too much news...).
I believe if this crisis continues much longer, there will be major changes that will propel us at the speed of light towards the return of Christ. Not that this should surprise us, but are we watching and really waiting for the return of Christ? I do not know.

1 comment:

DarrenB said...

They want to create more government to fix all the problems caused by more government? It's important to note that The Great Depression occurred because of too much government intervention, not too little. It wasn't free market economics that was the problem.