As anyone who has been monitoring the news or the value of their 401K’s has witnessed, shock waves have been going through the U.S. banking system and economy. Home loan crisis, investment banking collapse, and what next?
Now let me be the first to say that I don’t claim to be a Prophet of God. But, with a little understanding, the current crisis looks more and more like pages from the Bible’s book of last things - the book of Revelation:
“Fallen! Fallen is Babylon the Great! She has become a home for demons and a haunt for every evil spirit, a haunt for every unclean and detestable bird. For all the nations have drunk the maddening wine of her adulteries. The kings of the earth committed adultery with her, and the merchants of the earth grew rich from her excessive luxuries.” (from Rev 18:2-3, NIV)
When you consider the origins of the fractional banking system - the interest bearing system that gives out loans repaid with compounded interest, then current events become particularly interesting. Interest bearing loans where invented in ancient Babylon! more »»
The latest news headlines…
- Continuing fears about Iran developing an atomic bomb.
- More threats against Israel by Iran’s Ahmadinejad
- Israel threatening to bomb Iran to inhibit progress of Iran developing nuclear weapons.
- Russia attacking the country of Georgia.
- Ukraine banishing Russian fleets from returning to leased bases on the Black Sea because of their attacks on Georgia.
- President Bush sending US aircraft and Naval forces on humanitarian aid to Georgia.
- A massive armada of US, UK, and French naval forces bound for the Persian gulf - possibly to support a blockade against Iran.
So much military power concentrated in such a troubled area of the world is a recipe for chaos.
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In business, there has been a huge trend towards the off-shoring of human resources. While most of
us have been impacted in some way by off-shoring, this was likely only a foreshadow of what’s to come; the practice is now poised to blow through the economies of the western world like Katrina blew through New Orleans and Mississippi.
Manufacturing is being shipped wholesale to China, as domestic labor cannot hope to compete against the near slave-wages of the workers provided by the communist nation. And the communists there are apparently using the tremendous profit windfalls to fund an unprecedented military modernization program. One might ask, against what enemy are they arming?
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“Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters.”
Benjamin Franklin, April 17, 1787
The war on terror is dragging on and on. Iran is working to develop atomic weapons. Concerns persist about the intent of China’s military buildup. Russia is apparently moving back towards its Soviet roots.
And now 6/6/6 (June 6, 2006). Can the end of the world be far off? It is certain that we have never been closer - the world is a very dangerous place indeed!
Whether the sun will rise for planet Earth tomorrow is hard to predict. A more serious question to ask oneself is whether the sun will rise tomorrow for my individual life. One can never be certain.
The wisest way to proceed is to live today as if it is my last day. I should try to ensure that I am not wasting this gift of life; that I am living the life that I will wish to have lived upon looking back from my last day!
