I’ve been reading David Jeremiah’s book, “The Coming Economic Armageddon” while preparing for the Daniel series at Central Teaching, and what a refreshing change it is from the usual blather floating around the Web about biblical prophecy! Jeremiah is sane, at least. He provides extensive research and citations which I’m using in my teachings. I’ve attached the video where he’s reading from the first chapter.
It is fascinating to read how many politicians and political players are working towards a “New World Order”. I remember George Bush, Sr. using that term repeatedly during his presidency. I was unaware how many others are chanting the same mantra:
“All we need is the right major crisis,” said financier David Rockefeller in a 1994 speech at the United Nations. “and the nations will accept the New World Order.”
We’ve certainly seen what such a crisis looks like, even if we do pull out of this one. The unemployment rate is finally dropping significantly (less than 9% now). There’s still plenty of room for significant collapse, however. I’m not sure the Treasury can keep printing dollar bills to buy the next GM or Freddie Mac or Fanny Mae that collapses. He spells out the implications of economic disaster:
The potential for a severe economic shock to undermine the stability of a long-standing national government has been demonstrated throughout history: the French Revolution of 1789 began when the national government effectively declared that it was bankrupt: the Soviet Union fell in large part because oil revenues, which supported the bulk of the economy, declined dramatically, leading, in part, to severe inflation: the hyperinflation that accompanied the Weimar Republic opened the door to the Nazi victory and dissolution of the newly established German democracy. The extent to which an economic shock can lead to political instability depends on three things: the extent of the suffering of the people, the trust of the people in the existing government, and the degree to which the tragedy had been anticipated or expected.
Dr. Francis Schaeffer summed it up well back in ’74:
History indicates that at a certain point of economic breakdown people cease being concerned with individual liberties and are ready to accept regimentation. The danger is obviously even greater when the two main values so many people have are personal peace and affluence. … In this mix the threat of war… would cause those who have only the values of personal peace and prosperity to be ready for almost any kind of authoritarian government which would be able to remove the threat of war, particularly if… it was brought in while seemingly keeping the outward forms of constitutionality.1
What do you guys think? Are we out of the woods yet?
- Jeremiah, Economic Armageddon, p.54. [↩]
- Facebook Effect, UNPLUGGED
- The New Reserves