The entire, flimsy debt-money world is teetering on the brink of collapse, just as we’ve been warning since the last great financial debacle that it would do.
The 249-point slide by the Dow Jones Industrial Average on Wednesday – after a volatile and frightening day for investors in which it was down by more than 500 points at one juncture – only underscored that, piece by piece, the world financial system is finally coming undone.
Meanwhile, prices of oil keep plunging toward $20 a barrel, making gasoline cheaper in America and all over – but causing all sorts of complications for energy companies, the Russian economy, and workers in the developing world, among many other constituencies that depend on a stabilization of oil prices at some level.
No wonder, according to a new study by Citigroup, that investors are reeling from “a new set of risks tied to socioeconomic concerns that go far beyond the realm of traditional geopolitical hazards and have the potential to roil economic activity and financial markets,” as Bloomberg put it. “The confluence of new and old political risks threatens to undermine progress made through globalization and foster a rise in conflict between, as well as within nations.”
So it’s also no wonder that American corporations continue to hoard about $2 billion in cash, just sitting around, a “state of affairs unparalleled in economic history,” according to the New York Times. There are several reasons for this unprecedented cash hoard, the publication speculates. But for now it doesn’t spell any good for the global economy.
All of this is why, according to the capitalist bible, The Wall Street Journal, “a pessimistic mood reigned as corporate officials and others gathered for the World Economic Forum’s annual conference” in Davos, Switzerland.
There, of course, over the next few days, these titans of the global debt-money system will try fruitlessly to patch back together the secular system that is groaning underneath the industrial slowdown in China, war in the Middle East, worldwide tensions caused by terrorism, the ineffectuality of central banks in manipulating the behavior of investors and companies, multiple trillions of dollars in debt loads that western governments including the United States have heaped upon themselves and their children, and the fear that they just don’t have enough levers to pull to make it all right again.
And that’s because they don’t. But they still refuse to believe that.
Like Christians, they should be looking to God for their survival, not the world’s debt-money system. But while few global financiers may be turning in that direction, we as believers must. And the way we can do that is by putting our household assets in what we call “God’s Money,” the gold and silver storehouses of value that he designated as his preferred currency at the beginning of the world.
When people own God’s money instead of man’s money, there is no fear; they can rest assured their money is safe and be at peace even amid all this sort of turmoil around them. God has and will provide for them. When we obey God in every aspect of our lives, including money, His protection will be on us just as it was on the children of Israel, who left Egypt with – what? – gold from all of their Egyptian masters!
God didn’t tell the Israelites to go get the Egyptian equivalent of the greenback, with an engraving of Pharaoh on it. No, He told them to obtain gold!
Following that logic, Christians shouldn’t be in the world’s stock markets even when they don’t seem to be in as much trouble as they clearly are in now. It’s anti-biblical.
For help in making the transition that you know you should make from paper money to God’s Money, contact us at firstname.lastname@example.org or 866-966-0177.