I'm posting this late morning on Thursday, but I still have hope that some will read this...its very important. Its long, but please read and share it...very important.
Back in 1992, I purchased this book, "The Coming Economic Earthquake", written by Larry Burkett in 1991. Mr. Burkett is widely known and respected as a financial expert that follows biblical principals to achieve debt free wealth and Godly lifestyle. Here is just a little of what is inside this book. Remember that it was written in 1991.
"Peace and Safety"..."That's the economic news and forecast from the White House, the Federal Reserve, the U.S. Treasury, and a web of enormous banks and insurance companies. The fact is that America faces its greatest financial crisis in history during the 1990's. As massive government debt exceeds the total net worth of the United States government, the ever-growing need for new revenues will bring massive tax increases and soaring interest rates. Inflation will influence the daily decisions of every American as we seek to maintain eroding lifestyles." (inside cover)
"There is approximately $600 billion stored in private IRA's...it is possible that the total may reach $1.5 trillion. That great hoard of money will simply be too tempting for the politicians to pass up). It is very likely that privagte retirement accounts will ultimately be absorbed into the Social Security systemand their owners given "equivalent" benefits." page 138
"The Health Care Deficits...When the costs of Medicaid are included, the total cost of government provided health care represents nearly 30% of all taxes paid. Because of this and the escalating costs of private insurance, it seems certain that we will adopt some form of government sponsored health insurance over the next few years...What is the probably source of funding? Business taxes. Unfortunately, what the government doesn't seem to grasp is that bsinesses don't pay taxes...they simply pass the added costs along to the consumers. If the laws change to prohibit passing these costs along (as some politicians suggest), then the businesses will simply pack up and move to more amenable countries to make their producgs. Small businesses that cannot do this will end in bankruptcy. Then we will lose the tax revenues they generate and add more people to the entitlements system." page 140-141
"...I suspect that our less-than-conservative politicians will sell the public on more debt to fund their social programs. I can already hear the politicians' appeals on the evening news: "Its clear that the alarmists were wrong about the debt. The economy has recovered, and now we need to get on with the business of government: meeting needs. I recommend that we raise the allowable budget deficit to $6 quadrillion..."
"It is my assumption that some event will initiate a massive spending cutback on the part of consumers. This could be a stock market crisis or an oil embargo, but more likely, it will be the collapse of several "mega-banks", insurance companies, or large corporations." Page 152
Crack #1...THE DEFICIT CANNOT BE FUNDED BY ADDITIONAL BORROWING
Crack #2...MONETIZING THE DEBT...it should be noted here that the printing of money to pay the government's bills will be one of the last, and certainly the most desperate, measures because of the potential severity of the consequences." Friends, this is already being done!
Crack #3...TAXES, TAXES, TAXES. (Google Value Added Tax...this is what our government is already proposing.)
If you can find this book, you will have a much better understanding of what is happening, and what is coming, if this administration isn't stopped NOW! What is interesting about this book is that Mr. Burkett wrote this in 1991, thinking we would see these monetary changes by 1999. In 2003, he wrote an article where he said that although his timing was off, this collapse is still eminent without intervention by the American people. Unfortunately for us, he died of cancer shortly after that, and we no longer have his voice to warn us of the future catastrophe...we just have this book. We also have Fox cable news...watching for just one day will open your eyes...watching mainline news will keep you in the dark.
Thanks for reading this...please pray for our country.
God bless you all. Please continue to pray for our military...they are in great need of prayer covering.
15 minutes ago