We sure hope that the smart people around the world that are pulling the strings on all the paper money are doing a good job. Of course the stock market went down today by a few percent because the Federal Reserve announced it is going to start a program called "twisting"...whereby they will try to exchange some $billions of the short term Treasury debt they "bought" for some long term Treasury debt. The stock market was unimpressed and actually probably read the news that the Fed itself is losing confidence in any sort of recovery.
With that as a backdrop this little video clip was on the front page of Google News this evening. It is from RT News, which is a Russian news service, and if you spend any time on the service you will soon find that they seem a bit gleeful at the thought of Western Civilization collapsing. I guess I don't blame them...after all they have gone through a few major currency and civilization collapses in the past hundred years so maybe they just want to feel better about themselves by watching everyone else go through it.
The video talks much of what we have been talking about for years....except now it seems like it may be weeks away from an actual reality. Whose going to bale out Greece, how about Spain, can anyone bail out a country as large as Italy? And then the financial analyst on the video asks a serious question.....the European Union currently has about 85% debt to GDP ratio, which is high....but he then says that USA has 100% debt to GDP...so he asks the unthinkable.....if everyone is so sure the Euro is going to collapse, why wouldn't the dollar just collapse right along with it?
Here is the short video; http://www.youtube.com/watch?v=MgMbBLn9H00&feature=player_embedded
Of course watching the dollar collapse and seeing every one's savings fall out the window would be brutal...no doubt about it. But....if you read the Old Testament at all you won't have to read far to see what God did to His people when they went whoring after other gods.
So ask ourselves this; if America has been full time whoring after the god of Mammon for the past few decades....it would totally be within biblical precedence to have it all ripped down and be reduced to such a level that we have no where to turn to except God.
A time of purification may be just around the corner....have we built our house on sand or rock? Do we have enough oil in our lamps?
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