No. 21--9/14/15
In our last three reviews, we have been considering the question, "Just who is in charge here?" Exploring this question has led us to the Bible, which we are told is accepted by over 80% of people in our country today.
We cited the Genesis story of Sodom and Gomorra, destroyed by God because of the sin of sodomy. And we cited Jeremias, ch. 5, where Jeremias is told by God that he would spare the city of Jerusalem if he could "find a man (ONE MAN), that executeth judgment, and seeketh faith, then I will be merciful to it."
Had we researched further, we would see that Jeremias, born around 650 B.C., warned over and over from 628 B.C.on, that the city would be destroyed if the people would not change their ways. Evidently they did not, nor was found that "one man" cited above, because in 586 B.C., Nabuchodonosor captured Jerusalem, and those who did not die in the battle, were carried off to captivity in Babylon. Ch. 21, v. 9 states that "He that shall abide in the city, shall die by the sword, and by famine, and by pestilence..."
And repeatedly in the New Testament we find words to the effect "Ask anything in my name or the name of my Father, and it will be given to you!
The point made by the above is that modern man IS NOT IN CHARGE! Reluctant though we might be to admit it, we need to recognize that ultimately GOD is in charge! Thus the solution to our problems today has more to do with our citizenry and each of us living by His Commandments, and humbly begging Him to step in and help us. In other words, rely more on HIM and less on our EXPERTS.
Return to the question of economics discussed in the last reviews. The world has bought "hook, line, and sinker" the theory of John Maynard Keynes. Taught as gospel in most universities today, his theory makes sense and sounds good! Simply this, that the combined effort of governments and their central banks can prevent depressions and even recessions, by using their tools to stimulate the economy. On the flip side, they can control periods of dangerously overheated activity by "applying the brakes to the economy" using these same Keynesian tools. The question is, has it worked?
Already claimed earlier is that it has not and will not! Simply thinking about human nature, it seems reasonable that voters will always be happy when their government uses Keynes to stimulate a stagnant economy. This has been going on here since 2008, and even much earlier! But, human nature being what it is, what government will dare to step in, and slow down a stock market or economy that is racing continually to new records?
We should have been able to see this decades ago! But now we have solid proof all around us. The U.S., China, and dozens of other countries around the world are wallowing in debt brought on by their officials "stimulating their economies!" And we read over and over again, that the FED has been pushing off over and over their need to raise interest rates. Already in earlier reviews, I have claimed they do not dare, because of the negative effect it will have on the stock market, housing loans, business expansion... you name it! I for one will be very surprised if they do begin raising interest rates in the next month or two, from the unbelievable level of near zero now for several years!! And I ask..., What do you think?
Jake Wren

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