How much discipline does the populace have? The current generation is not known for its unyielding tenacity in the face of adverse circumstances, that was the previous generation who went through the Great Depression. This generation is known for its entitled view of life. Our parents wanted more for us as children. The goal of most parents was to send the children to college to insure the Great American Dream of a good job with higher pay. Instead college students are now being exploited by the higher education system. Regents think nothing of saddling students with skyrocketing student loans. Students think nothing of borrowing money for their college education that could easily pay for a starter house. Many will leave college to flip burgers at the local McDonalds and will pay for student loans for a degree that has no labor market value at this time. The student loan bubble looms. Both the higher education and financial industries are guilty of creating a bubble and promoting the illusion that a college degree guarantees success.
People vote their pocketbooks not their principles. Who can guarantee them transfer payments such as food stamps and housing assistance? Lyndon Johnson created a welfare state that continues to this day. Instead of eliminating poverty, he perpetuated the problem. Churches failed to take care of the poor but instead built mega-churches to fulfill the pastor’s ego of his own little kingdom. Nobody questions the underutilization of the church facilities. What a waste! Government took up the slack since churches failed to respond to the needs of the community.
Ben Bernanke will choose the path of least resistance. Unlike Paul Volcker, Ben will print more money and perpetuate the wasteful problem of financial fraud and bank insolvency masked by Ponzi accounting principles. How could we let this happen? The populace is a reflection of the church and the church has failed to live by the principles set forth in Scripture. The lawlessness found in the pews has been a template for the overall lawlessness in the land. Our Heavenly Father will not allow this to prevail much longer. The Fiery Law will consume the dross that has infiltrated the current system. The fleshly man will be dealt with and the Spirit man will ascend with the principles founded on Love and lawfulness. Of course Our Heavenly Father has been preparing HIS overcomers in their own higher education and training. It has been painful at times and certainly is not known to be the path of least resistance. Strength comes by resistance and I expect the overcomers to be strong when their hour arrives.