This post is an excerpt from the book Betting on Jesus – Chapter 12. The reason I included this particular chapter was twofold – first, to convince the reader that we really are approaching a point where our economic system will break down, and it will impact all of us to some degree. Second, to make the point that the times we are living in bear a striking resemblance to the times the Bible speaks of that will usher in the Great Tribulation period followed by the Second Coming of Christ.
After the Great Recession in 2008-09, our government elected to initiate policy that would drive economic activity higher in spite of the working classes inability to do so in the aggregate. That was a seminal shift in governmental policy – something we have never seen before on such a massive scale. Our government debt levels headed for the stratosphere, more than doubling from roughly $9 trillion to $20 trillion in just 8 years.
This short excerpt from Chapter 12 explains some of the things that validate my point that we are rapidly approaching a break down in our economic systems, and the path we are on is unequivocally irreversible – of that I am certain, and not based on anything other than my expertise in the area of economics.
As a research analyst, and a fairly decent economist, I see things other don’t see. Things that don’t make a lot of sense if our government leaders are really working to create the best possible world for their constituents. For instance, I’ve seen a massive public welfare program put in place over the last several decades with the recipient of the benefits of this pubic welfare policy being large cap multi-national corporations – those who least need it – not those who are striving to survive, and these mega multinational corporations are being allowed to exploit the working class in ways that will ultimately lead to a breakdown of our basic economic model.
What I am referring to is a consolidation of power in the hands of fewer and fewer big banks and big corporations. Not only does that produce massive wealth for those who control these behemoths, it also creates a condition where all the money is sucked out of local communities, and it virtually guarantees that small local business owners will fail. You can’t compete with the likes of Walmart or Home Depot if you want to set up a business that sells a product that these companies sell. The days of the local lumber yard, the local hardware store, the local home appliance store, the local carpet store, the local paint store – well you get the idea, you just can’t compete.