SermonIndex Audio Sermons
SermonIndex - Promoting Revival to this Generation
Give To SermonIndex
Discussion Forum : News and Current Events : Warning: America’s new Age of Austerity starts now

Print Thread (PDF)

PosterThread
sermonindex
Moderator



Joined: 2002/12/11
Posts: 39795
Canada

Online!
 Warning: America’s new Age of Austerity starts now


SAN LUIS OBISPO, Calif. (MarketWatch) — Warning, tighten your belts, America’s new Age of Austerity is already here, today. There I said it. I admit it. And you better too. Prepare now. Could be like the 1930s depression austerity.

You’ve seen the warnings all across the major newspapers about a global slowdown. But why no warnings of austerity dead ahead? Why? America’s still deep in denial. We prefer happy talk to the truth. No, nobody will get honest about austerity till after the elections. Then it’ll hit hard.


Unemployed men in February 1931 queued outside a depression soup kitchen opened in Chicago by Al Capone.
Wake up. You were warned: America’s new Age of Austerity is already here.

Till the elections, nobody else will tell you the truth about what comes with this slowdown: Plan on classic economic austerity. Maybe not austerity as deep as the euro zone’s Spain and Greece. Yet maybe deeper than the 1930s as Nobel economist Paul Krugman writes in his new book, “End This Depression Now.”

Yes, America’s already in a depression. Wake up America, to a long bear market, a recession cycle, to austerity where everything slows down, income, jobs, retail, global trade, and market returns. Listen to the latest warnings just last week:

Wall Street Journal warns “New Signs of a Global Slowdown … Weak reports in U.S., Europe and China suggest economies are slipping in sync.” Yes, a global economic slowdown is “in sync.” Not just a typical summer market dip. Not even a double-dip recession. But a dark long scenario we’ve all been fearing. And with it, deep, dark austerity.

Los Angeles Times warns: “Europe’s woes put drag on world growth … even powerhouse Germany may be faltering.” Not just the euro zone, “but reports of economic trouble are turning up in China, India, South Africa, Brazil and elsewhere.” Austerity is here.

New York Times headline fans the flames of a metastasizing global contagion: “China’s Output Slows Sharply: Ripples Feared. Nationwide real estate downturn, stalling exports and declining consumer confidence.” Yet China was totally predictable. A few months ago our headline read: “World Bank warns: China is a ticking time bomb.” Now, kaboom.

Foreign Policy: Yes, austerity’s coming, and maybe with it, a new president: “Five World Events That Could Swing the U.S. Election” headlined the latest Foreign Policy. And any one could also totally alter the trajectory of a economic slowdown or recovery. Polls show jobs and the economy are the “most important issue for them in choosing a president.” But those five global “events” could send the economy and the election “careening along a very different path than the one it’s traveling down today: Iranian showdown; European nose dive; Chinese economic slowdown; domestic terrorist attack; and an “Unknown Unknown,” an unpredictable Black Swan killer.

read more: http://www.marketwatch.com/story/warning-americas-new-age-of-austerity-starts-now-2012-05-29


_________________
SI Moderator - Greg Gordon

 2012/5/31 10:15Profile









 Re: Warning: America’s new Age of Austerity starts now

"Slowdown" is putting it mildly. From all that I'm seeing and reading and hearing - "meltdown" would be a more appropriate analysis.

It's one thing to speak bravely about being persecuted or killed for Christ and it's another thing entirely to find oneself living through days that are much more severe than the Depression was and one reason it will be different than back then is because mankind has fallen to new lows in morality and highs in criminal and violent activities that were not even so much as thought of in the 30's.
The crimes now being commited are even shocking the police and these unthinkable actions being perpetrated by "human beings" are not even related to 'money'.

It's more than just our belts that we need to tighten, it's our communion with The LORD that needs tightening. We need so badly to spend time alone with Him until we know, that we know, that we know His Voice and direction.

ALL men and women are most severely tested when you take their money away. More than being beaten for being a Christian -- when the money is not there for food and mortgages or rent - that's the test of all tests for Americans or free-world people.

I was reading a post on a News Forum from an American that has become acclamated to living in Thialand, where the street vendors are down to selling bugs for human consumption and their living conditions are sub-human - and yet he said - the people are generally of the happy sort. Why? - because they're used to that level of 'living'. Americans and others are not.

I read again last night about the foreclosures that are increasing and how that, if a person can afford their rent or mortgage - they may not be able to afford the taxes that can be rediculously raised at someone's will.

This economic "slowdown" is intentional so that we will be desperately more than willing to take whatever digital device needed to get our meals.

This is what we need to be focused on - the ability to buy and sell is what is at the forefront for 'why' the world's economic systems are going where they are and we need to be sured up and in control of both mind and body With The LORD to get ready and be ready for any scenario that is coming "Financially" to us.

Thank you!

 2012/5/31 12:26









 Re:

In parts of what we call the third world are garbage dump churches. Some of these churches number thousands of members. Often church members who are barefoot and wear ragged clothes have far more joy and power than the rich American church. Is there a lesson here?

Bearnaster.

 2012/5/31 12:54
hulsey
Moderator



Joined: 2006/7/5
Posts: 653
Missouri

 Re:

Quote:
In parts of what we call the third world are garbage dump churches. Some of these churches number thousands of members. Often church members who are barefoot and wear ragged clothes have far more joy and power than the rich American church. Is there a lesson here?



I once heard the testimony of a Chinese Christian who spent time in prison. As a Christian he was given the worst job in the prison camp. He had to take care of the sewage. Often times he would be knee deep in it. He discovered over time that as he worked there he was left alone and there he could meet with God uninterrupted. Because of the smell the guards would not come near the place. The brother testified that, over time, the sewer became a precious place for him because God met him there.

It's in the lonely deserted places that God meets His children. Far away from all the traffic and trade of the world. His presence is the great reward of the Christian who's been stripped of the world. The world's despised places are the secret hiding places for God and His saints. What a blessing in disguise will such hard times and persecutions bring; they are the means of transporting us to the wilderness to meet our God.


_________________
Jeremy Hulsey

 2012/5/31 14:05Profile





©2002-2024 SermonIndex.net
Promoting Revival to this Generation.
Privacy Policy