In light of the present economic crises I will bring up an article I wrote almost a decade ago. Some of the figures have been updated but things look like they are now beginning to play out as I figured.
This article is now one of the most downloaded article on my website. It will be downloaded two thousand times this month alone. You can always tell what people are worried about by what they search for on the Internet. Many people obviously are very concerned about the economy.
They have good reason to be concerned with the economy. We are about to enter a time like none before in modern times. Most everyone thought that economic conditions in the world would continue to improve because few people evern learn from history. There is nothing unique about this generation that makes us any more immune to the consequences of mankind’s greed and violence then any other generation. In the next decade their will be changes in the U.S. that you probably will not believe if I told you.
The next decade will radically separate Christians who trust God for their needs and and those who become almost totally dependent and enslaved by an increasingly fascist government for their needs.
Banks and financial institutions holding today’s unrealistic low interest loans on property will go under, causing a collapse of pension systems and/or a taxpayer bailout that will worsen the deficits even further. Many with adjustable rate mortgages will not be able to make the payments and they will default on their loans. The foreclosed houses will be dumped on the market bringing a collapse in all home values. All this in effect will cause an inflationary depression in the largest economy in the world.
The fall of the US economy will have a domino effect and bring about a worldwide depression that will further depress the US economy and bring a full fledged depression worse than the great depression of the 1930’s. When this happens most companies will go bankrupt and will be nationalized.
