Monday, August 31, 2015
Financial collapse postponed
The financial devastation and subsequent collapse of America prophesied by those who are predicting the judgment of God on the US between now and the end of Shemitah on September 13 may have been postponed. Whether it is a delay in judgment or actually just another putting off of the consequences of bad stewardship remains to be seen. Was there some temporary supernatural event that stepped between America and catastrophe or a human decision? This time, it may well have been the very same as the last time and the time before that–the Federal Reserve. The Fed signaled last week to the banking community that it would keep interest rates the same. Poof! no more immediate market fear.
The UK Guardian reports: “Like children clinging to their parents, stock market traders turned to their central banks last week as they sought protection from the frightening economic figures coming out of China. Surely, they asked, the central banks would ward off the approaching bogeymen, as they had so many times since the 2008 crash. The US Federal Reserve came up with the goods. William Dudley, president of the bank’s New York branch, hinted that the interest rate rise many had expected next month was likely to be delayed. A signal that borrowing costs would remain at rock bottom was all it took. After Black Monday and Wobbly Tuesday, the markets recovered to regain almost all their recent losses.”
Some have prophesied that the Shemitah “ordained, spelled out, and determined the collapse of the American and global economy…even the exact timing down to the exact day.” Several have pointed to the this year’s Shemitah as the harbinger for this event, which they call the judgment of God on America. Shemitah is the seven year cycle where Jewish law requires a year of rest, of land to remain fallow, and debt to be remitted. At the end of the Shemitah, there is a blessing. When Israel didn’t keep the Shemitah for seven cycles, he judged Israel with the Babylonian captivity. Some are saying that in this year’s Shemitah America will be judged by God with destruction through the collapse of the US stock market before September 13.
The stock market is due for a crash. It has been pumped up by the US Treasury through the Federal Reserve, accumulating record $18-plus trillion debt. And when it crashes, it will be devastating. I would, however, hesitate to call it judgment. We did it to ourselves through our own actions. When judgment truly comes, no one will want to experience or see it. You can read about it in Revelation. Another point: America is not Israel. This country did not replace Israel in God’s covenant. While turning against God has its consequences for all who break God’s laws, there is only one nation that God has brought into covenant–Israel. As the Lord says in Genesis 12:3, “And I will bless them that bless thee, and curse him that curses thee: and in thee shall all families of earth be blessed.” Remember, this is the Abrahamic Covenant, not the American covenant.