In a few days QE2 (Quantitative Easing 2 by the Federal Reserve) will end. This situation is likened to a high wire act over Niagara Falls on a windy day with gusts up to 40mph. With Greece in meltdown and other European countries not far behind, the U.S. is also running close to the edge. In a recent OpEd piece, Larry Summers (former economic advisor to Obama) wrote that we need more spending and stimulus to get us out of this second dip of the “recession”. It seems to me that giving a drunken sailor another fifth of bourbon would not sober him up.
401K’s may be the target of the government. The Federal Government needs buyers of its debt and who better to buy it than its own citizens, whether voluntary or by force. There is substantial value in those 401K’s and the government has its eyes on them. In one stroke of the pen, your 401K could be comprised solely of U.S. Treasury Bonds probably named “Patriot Bonds”. Be sure to salute the flag if and when that day comes.
The eyes of Americans have been blinded by Our Heavenly Father. As a nation we have been lulled into believing that the Federal Reserve can bail us out of our macroeconomic crises. Our greed and arrogance as a nation has brought us to this threshold. Only the mind of Christ can pull us out of the fire. Being led by the Spirit of GOD is the solution to our problems but only those who willingly embrace HIS Love will be qualified to take on this mantle. Let me explain. What is the one quality a treasurer for the Kingdom of GOD must have in order to properly manage and distribute funds? Love. Why? Love overcomes fear and greed. Those twin sisters manage to corrupt the process of ministering to mankind. You can have 30 years’ experience in financial management, a PhD in finance and accounting, but if you do not have Love as your primary motivator you will fail at the position. The current system has plenty of bright people running things. However fear and greed are the prime motivators and have brought us to this threshold without any solution other than severe pain. The middle class is in the crosshairs and it doesn’t look good. We don’t need another revival, we need an awakening!