U.S. Economy is "Over"

We all know the name Warren Buffet. He's the world's most famous investor. It turns out that Warren has a business partner and long time friend named Charlie Munger.

Charlie has just written an article titled, "Basically, it's over." The article refers to the U.S. economy.

The article leads with this headline: “Basically, It’s Over.”

The Berkshire Hathaway vice chairman describes the economic history of Basicland, which happens to match U.S. history. Early in its history, debt is unknown except for home mortgages and some consumer loans, and people live within their means. Speculation is discouraged, and commodities markets are small and tightly regulated.

Under this rational system, economic growth skips merrily along at a steady 3 percent, Munger explains.

Taxes are limited and pay for only “essential services” like fire protection, courts, and defense. Most taxes are collected on imports, and government spending matches that tax income. Debt via government bonds is limited.

Then things take a turn for the worse.

Of course we find out later in the article that he believes we are all living in the time period of, "Then things take a turn for the worse."

Read it here; http://moneynews.com/Headline/munger-buffett-economy-debt/2010/02/22/id/350529?s=al&promo_code=97C7-1

Where is our confidence? Is it in things of man? Economies? Monetary systems?

Peter was VERY clear that all these things are passing away...and we may have the privilege of seeing all this happen and to be part of the great harvest that Jesus spoke of and promised would happen in the very last days.