Ben Bernanke, Chairman of the Federal Reserve, offered a gloomy outlook for the US economy but the Federal Reserve chairman offered no hint of further monetary easing in testimony to Congress. The Drudge Report had a headline pertaining to his speech today and it was entitled "Gloomy". The phony fiat currency and debt based economy has simply begun to run out of steam the Fed has run out of bullets. Bernanke warned that the 8.2 % unemployment rate is unlikely to change anytime soon because the economic growth will be "frustratingly slow".
Mr. Bernanke uses terms like "soft recession"in describing our current predicament. The truth of the matter is we are in a "soft depression". According to the U6 unemployment rate in May of this year the number is a shocking 14.6%! Mr. Bernanke sited the fiscal problems of the U.S. and the declining Euro as worrisome factors in his perception of our economic future.If you are interested in the real state of our economy then visit www.shadowstats.com, this site shows an amazing assortment of "true" information. If you have been living in the matrix and only gathering information from Brian Williams at 5:30 p.m. then this blog post may be upsetting. The truth is it really is gloomy.This editorial by Joe Scarborough on the Politico site was written in May of this year and is evidence, even from the left that we are indeed living in dismal financial times.
The reality of worldwide economic chaos and bizarre events in nature force us to do one thing that is very important. We must evaluate where our hope lies. Where does your hope lie? Is it your bank account, stock portfolio, job, position of power, pursuit of pleasure or some other Earthly attraction? To survive the days ahead we must have an anchor for our souls. Our hope must be in the Lord, Maker of Heaven and Earth.
Mr. Bernanke uses terms like "soft recession"in describing our current predicament. The truth of the matter is we are in a "soft depression". According to the U6 unemployment rate in May of this year the number is a shocking 14.6%! Mr. Bernanke sited the fiscal problems of the U.S. and the declining Euro as worrisome factors in his perception of our economic future.If you are interested in the real state of our economy then visit www.shadowstats.com, this site shows an amazing assortment of "true" information. If you have been living in the matrix and only gathering information from Brian Williams at 5:30 p.m. then this blog post may be upsetting. The truth is it really is gloomy.This editorial by Joe Scarborough on the Politico site was written in May of this year and is evidence, even from the left that we are indeed living in dismal financial times.
The reality of worldwide economic chaos and bizarre events in nature force us to do one thing that is very important. We must evaluate where our hope lies. Where does your hope lie? Is it your bank account, stock portfolio, job, position of power, pursuit of pleasure or some other Earthly attraction? To survive the days ahead we must have an anchor for our souls. Our hope must be in the Lord, Maker of Heaven and Earth.
1 John 3:2-4
King James Version (KJV)
2 Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 3 And every man that hath this hope in him purifieth himself, even as he is pure. 4 Whosoever committeth sin transgresseth also the law: for sin is the transgression of the law. Those words penned by St. John centuries ago give us the basis of the hope that believers can have even when everything else is falling apart. One day Jesus Christ will return. On that glorious day the Bible tells us that when believers see Him they will be instantly transformed into a new body and a new home. We will be like Him! Believers in Christ are unique in that we believe at any time we could be transported from this world of sorrow and despair into the instantaneous bliss of being in the very presence of God. That conviction is our hope! That kind of hope endures tough times and keeps our perspective on an eternal plane. Have you trusted in what Christ did on the cross 2000 years ago? Do you believe it was sufficient payment for you sins? Trust Jesus today as your Savior. It is a simple, child-like faith and reliance in His provision to forgive you and give you eternal life. What lies ahead for the U.S. economy and the world as a whole? I don't know but I do have hope!
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