The Coming Financial Crash

The Coming Financial Crash will be our subject inside today’s Advent Message, as we’ll plainly see signs of a looming financial storm. September and October of 2008 was perhaps the worst financial crisis in global history. At first, few people paid attention to a couple of Wall Street investment banking firms taking a nosedive. Bear Stearns, Merrill Lynch, Lehman Brothers, Fannie Mae, Freddie Mac, Citigroup, Wachovia, and others were all either hemorrhaging, on life support, or worse. When college funds shrank, when retirement funds tanked, when banks themselves collapsed—the banks in which Main Street had its money—it became a whole new ball game. We are right about to repeat the horrible financial catastrophe of 2008.

It doesn’t take a math whiz to figure out that an expansion of military spending, and a massive tax cut would produce an enormous budget deficit. Although Trump promised to balance the books when he became president, he’s done just the opposite. The deficit for this year 2018 has risen to $890 billion (it was about $660 billion when Obama left office.) The shortfall in government expenditures will rise above $1 trillion next year. Today we see a volatile stock market, U.S. national debt growing toward 19 Trillion dollars, student loan debt surpassing 1 Billion, and entire countries on the verge of bankruptcy. The rich are getting richer and poor are getting poorer. These conditions are signs of the end. In addition, President Trump has set America on a very dangerous collision course with China, Europe, and many others over trade disputes. At the present time the trade war is the greatest single threat to global peace, stability, and prosperity. Does the Bible really have something to say about the times we are living in and what we could be facing with this sudden economic turmoil?

The answer is yes, and here’s why. Though there can be some startlingly precise predictions in certain texts, many of the prophecies simply help us see how a Book written thousands of years ago can depict the broad outline of the future, even the times that we are living in, and this helps build our confidence in it as the Word of God. There’s no question that, almost two thousand years ago, the book of Revelation predicted economic turmoil and collapse just before the return of Jesus. Revelation 18 describes a time of great moral and political apostasy and worldwide rebellion against God.

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