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US economy

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Stevernator:
Hi everyone,
I was wondering if any of you are following the US economy right now.
I've been reading some troubling stuff on the net.
Stuff about how the federal reserve has increased the money supply by printing money (to fund the Iraq war etc)
which leads to inflation. Also as you may know banks have been lending ARM (adjustable rate mortgages)
 to people. This lets people start with a low interest rate but then later it rises and people default and lose
their homes. Also, private banks sell mortgage backed securities on the market from these ARM's and make profit on it.
This is why the fed keeps lowering interest rates to combat the credit crunch. Also, Americans are in debt personally
and as a nation.

Also, the Fed's policies have been leading to the weakening of the dollar which decreases our purchasing power worldwide.
This has also led to some foreign countries (such as Iran) refusing to do business in the dollar.
These factors can lead to hyperinflation and possible recession or worse in the future. Since the dollar is just paper
people could lose confidence in it someday.
 Some people have recommended buying gold, silver or commodities. (gold has gone from about $600/oz to $1000).
 Many of the elite in the government are also part of CFR which is sort of secretive.
I don't want to sound pessimistic but I am just wondering how much longer America can go on like this.

With rapid globalization I wonder if we are going to see prophecy unfold, what do you guys think?
Lately I have been trying to discern the times.
I do not know much so don't take my word for it though.
Please let me know what you guys think about these sorts of issues. Thanks!

God bless,
Steve

Martinez:
Hey there Steve!

I've sort of been watching the stockmarket with intrest to see what's happening as well.
I do not know anything about the stockmarket other than if stocks are plummeting, it ain't good!

If America goes, financially speaking, what does that mean for the rest of the world?
America is the financial centre of the world is it not?

I assume you are talking about prophecies unfolding being a certain, Babylon the great has fallen prophecy?

Whatever happens, physically, just remember that the real prophecy is being fulfilled spiritually and the physical is only there to fool mainstream Christians.

Still very interesting to see prophecy fulfilled even if it is only outwardly.


Martinez.

joyful1:
:) Hey guys! It's hard not to look at these events as "troubling" but remember;

PROVERBS 23:5
"Wilt thou set thine eyes upon that which is not? for (riches) certainly make themselves wings; they fly away as an eagle toward heaven."

In my 50 years....one thing has remained constant: money takes flight--
don't even worry about your needs--He will provide what you need according to His wisdom...
overcoming the tendency to worry....now that is the task at hand!
Peace brothers!
Joyce :)

Stevernator:
Thanks Joyce,
What a great reminder you have said.

Mat 6:20 Yet hoard for yourselves treasures in heaven, where neither moth nor corrosion are causing them to disappear, and where thieves are not tunneling nor stealing;

Christ is our true treasure and should always be our highest pursuit.

Even still, I think it would be wise to be aware and be prepared just in case.
Kind of like wearing a seatbelt, ya know?
Martinez, not sure what it would mean for rest of the world, and yeah I was kind of thinking along that line you said.
I will be trying to discern.
Luk 12:56 ...The aspect of the sky and the earth you are aware how to be testing, yet this era you are not aware how to be testing!

God Bless,
Steve

hillsbororiver:
It my lifetime I have seen this pattern repeat itself in our economy more than once. I am not saying that there is absolutely no chance that things could fall in the tank but as the major media outlets huff and puff doom and gloom they fail to disclose that things have been much worse in recent history as markets, interest rates and prices adjust to circumstances in our present reality.

The following is a grain of salt to take with the media messages of impending catastrophe;

http://www.frbsf.org/publications/economics/letter/2004/el2004-35.html

From 1964 to 1984—the consumer price index (CPI) and the "core" CPI, which excludes the volatile food and energy components. Over the first fifteen years in the figure, inflation in the United States ratcheted upwards, averaging 2.6% per year from 1964 to 1968, 5% from 1969 to 1973, and 8% from 1974 to 1978. Then, in the first nine months of 1979, average annual inflation jumped to 10.75%. This dramatic rise was partially due to a new round of oil price increases. But even the core CPI, which excludes the volatile food and energy components, averaged a 9.4% annual rate.

Inflation at this high level during peacetime was unprecedented in American history. And it produced a variety of policies to tame it, including President Nixon's wage and price controls, responsible for some of the temporary decline in inflation in 1971 and 1972, and President Ford's WIN (for "Whip Inflation Now") buttons, introduced in 1974.

While inflation was unusually high in 1979, unemployment was not. The United States had experienced a sharp recession in 1974 and 1975, with the unemployment rate reaching a peak of 9% in May 1975 and then declining steadily over the next four years. The unemployment rate averaged 5.8% during the first nine months of 1979. Thus, entering the fall of 1979, unemployment was slightly above its average over the previous fifteen years while inflation was at a troublingly high level.
 
http://www.nationsencyclopedia.com/Americas/United-States-ECONOMY.html

Inflation has not been as significant factor in the US economy in the 1990s as it was in the 1970s and 1980s. The US inflation rate tends to be lower than that of the majority of industrialized nations. For the period 1970–78, for example, consumer prices increased by an annual average of 6.7%, less than in every other Western country except Austria, Luxembourg, Switzerland, and West Germany, and well below the price increase in Japan. The double-digit inflation of 1979–81 came as a rude shock to most Americans, with economists and politicians variously blaming international oil price rises, federal monetary policies, and US government spending.

Peace,

Joe

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