World Economic Crisis – a Sign of the End? or Could it Be a Good Thing?

Is the current economic crisis (2008) really a sign that we are the last generation? is it really “preparing the way for an evil new world order” and an antichrist?

Predictably, many end-times preachers are now saying so, in their typical ethnocentric fashion. Perhaps these preachers have lost some value off their share portfolios so according to them that’s got to mean it’s the end of the world (even though billions of people in developed countries have never been able to afford shares in the first place, let alone lose some value off them).

Alternatively, (instead of jumping to the conclusion that this whole crisis must be the result of a conspiracy to introduce an evil world-ruler in this generation) can’t we take the view that this current economic crisis may actually result in some long-term good, rather than bad? Who knows whether future generations won’t reflect back on this crisis as the moment in history when beneficial corrections were made to the economic systems of the developed world.

This crisis was caused in part because of interest and because of borrowing – two things which the Law of Moses promised God’s covenant nation would never need to charge themselves with. So if developed nations had followed a more Biblical economic system, the boom-bust economic cycle we are seeing today could not have occurred.

In other words, our system needed correcting. So now that circumstances are forcing some of those changes – and economists and politicians are beginning to talk about some of those adjustments – why can’t we, instead of calling it the “end of the world”, instead see the present circumstances as potentially having a beneficial outcome? Why can’t we, instead of assuming some sinister man-made conspiracy must be at work, instead see the potential for many helpful economic corrections?

It’s sad that 2 million people have lost their jobs in the United States and that 20 million people have lost their jobs in China. And even if the most dire economic forecasts come true – such circumstances in themselves still will not necessarily be a sure sign that ours must be the last generation: because other economic systems in earlier generations have similarly had their rise and fall, all without any eschatological significance to their own generation. So why should OUR crisis in OUR generation be considered to be any more significant eschatologically than even worse crises in earlier generations?

Keep in mind that the details of Biblical prophecy won’t be fulfilled within a predictable time-frame based on an observable escalation of man-made events – rather, Biblical prophecy shall be fulfilled at a time of God’s own choosing. Therefore the verse still holds true: “no man knows the day nor the hour”.

Therefore, since we cannot know the day nor the hour of His coming, let us acknowledge that the entire Church Age is called intrinsically “the last days” (the signs have been present for every generation throughout the Church Age); let us live holy; and let us preach the good news.

What do YOU think?

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Comments

  1. Regarding the content:
    The Wilderness Experience
    Posted February 28th, 2007 by michael

    It amazes me that such a small percentage of Christians experience God’s Wilderness, and many who do consider it but a short time or a few years. My experience is that it is a way of life…an exciting way of life. Perhaps this has to do with being a willing wilderness explorer. There is so much to experience and learn: consider the entire Exodus Epoch, as described in this article.

    Of course, God treats each of us differently in our personal relationships to Him, but likely fear of the unknown is a factor. I was in engineering for 10 years when God called me out. The fact that I and my wife Barbara were willing to leave the security of that life had something to do with it. My fear of the unknown was small compared to the excitement, since the Lord had prepared us for it. After 10 years I was glad to get out of the rat race and quite my job. We looked into the unknown for a year before He showed what He wanted us to do. One thinks that with the answer comes knowledge of one’s future life. Not so with us. This journey was short. The ‘thing to do for God’ was only a means of getting us from south Florida to the mountains of Wyoming where we still live.
    We can stand out in the yard and see US Forest, and Wilderness behind that; so perhaps the Lord was giving us something of a theme long before (in my studies and our life) the theme of God’s Wilderness as a life-theme or lifestyle became apparent.

    Barbara and I welcome visitors to our new website (6 months old). The traffic is building now and we welcome you to join us.

    I have there two large books that can be downloaded free: God’s Hook (350 pages), a book about Biblical faith; and God’s Rock (450 pages) a book about the life of Moses and the Exodus Epoch. The latter book includes 100 pages of appendixes of 4 years of researching and writing, which includes 5 maps (two sketches of ancient maps and one topographical map of the southern half of the Sinai Peninsula. Appendix VII is about the Biblical passages, etc., that detail (when one works out the details) of the route within Egypt: first to the site of the Festival of Sacrifices, and second to the shore of the Gulf of Suez where took place the sea-crossing. Appendix VIII does the same for the approximate journey to the Wilderness of Sinai in the south of the Peninsula.

    The story of the life of Moses and the Exodus Epoch is told in God’s Rock directly from scripture. It tells it from Moses’ birth up to and somewhat beyond Moses’ death. This story in scripture is foundational, for upon it God has built up all that He reveals about God’s Plan of the Ages, which begins in Genesis and ends (the revelation of it ends) in Revelation. Christ-the-lamb-slain-from-the-foundation-of-the-world is its rather broad (and somewhat complicated to the mind of man) pure golden theme.

    God’s Hook has several chapters that speak of what Biblical faith is not (in the author’s view) and then it tells many Bible stores with the emphasis upon the faith-in-action between God and the character(s). This, I believe, is how the Bible helps God’s children to have some comprehension of that wondrous thing of heaven (faith) that God has put in each of us. Without the Bible and the Spirit who authored the Bible, sadly we are left to trying all sorts of things with faith.

    I have just found this website and it looks to be one of quality. May the Lord have compassion on us all.

    Sincerely, C. Ronald Johnson (Ron)

  2. see below

    • jesseedavis says:

      Hey, John. I was reading through some previous posts, mainly from fall of last year, but it seems to me that you’re not too fond of any thing “end-times.” I mean some of the stuff I read made sense, but a lot of it seemed to be opinionated and seemed to be written out of anger or annoyance. That may just be me, I mean I cannot tell from typed messages the tone you have and all, at least not accurately.

      I am by no means on here to bring out anyone’s bad side or to be a problem to anyone. I respond to things so that I can expound on my own knowledge and put some order to this mess of stuff I have up here, as well as so that others can do the same. When I talk about stuff, I like to stick within what I know and not go out on a limb, though sometimes God just brings me out there. Anyways, I just wanted to say this so that you, and everyone else, will know that I’m here for the glory of God and for the edifying of the Body in preparation to be a witness to the world.

  3. jesseedavis says:

    The current economic crisis, along with all of the events this country has and is undergoing, is both a good thing and a sign of the end times.

    This is a good thing, because the purpose of all this, is repentance. This nation is under judgment, because sin reigns predominant over God in the hearts of men. Even among the Church in America, deception, distortion, shallowness of faith, as well as all sorts of sin is prevailing over the Gospel and over Jesus in the majority of hearts. So suffering and crises and everything else that leads us to look to Him must come.

    This is a sign of the end times for two simple reasons. Jesus said He will come quickly and Jesus gave us signs to follow along with. We can interpret His quick coming as when He comes, He will come quickly or the event of His coming will come quickly. Context shows both. Jesus gave us way too many signs and descriptions of how things will be and to say that everything will be fine and then out of nowhere He comes does not line up with any of it. There are too many for me to go through here so I’ll just take two and you can look more into it if you’re interested.

    The first one I’ll go through is the list of earthquakes, wars, rumors of war, pestilences, so on and so forth. If we look at just the past 80-90 years we see a huge escalation of these things getting worse and more intense and more often. Yes, they’ve been a problem before then, they weren’t a new thing in the 20th century, but there was definitely an escalation that is still escalating. You can look more into that yourself if you want, there is plenty on it.

    The second thing is the parallel of the days of Noah to the days of the end. Jesus gave a huge clue that when put together with something He said to the Pharisees makes things a little scary. Anyways, Jesus said that in the days of Noah they were living their normal day-to-day lives as if nothing was going to happen, and then the flood came and destroyed everything. Jesus said this to the Pharisees, “When it is evening, ye say, It will be fair weather: for the sky is red. And in the morning, It will be foul weather to day: for the sky is red and lowering. O ye hypocrites, ye can discern the face of the sky; but can ye not discern the signs of the times?” Putting this together as well as with His command to us to watch, lets us know that the world passes things off and ignores the signs, but that there will be an observable escalation of both man-made events and natural events leading up to His return.

    So, even though Biblical prophecy can ONLY be fulfilled on God’s time, which no one knows, that does not mean we can’t watch for Him. Logically, we cannot watch for Him if everything is fixed and running according to the Bible. Things have to lead up to it, as Paul taught. It is up to us to decide whether we will live in a false hope (such as better times on earth) or in the hope of His return and our eternal destination.

    God never made a covenant with America, Americans are not His people. This country or this world will not follow God’s ways, because it does not know God. The only reason America had a constitution and a start that was based on Biblical principles was because the people that made it were not of this world, but were God’s people. With the rise of evil men and worldly men, the fall of Biblical principles is inevitable. The only way this country or any country can fix the problems it has is by going to God and to His Word, the only way they can go to God and to His Word is to denounce and turn from this world.

    There is still much to be done before Jesus will come. How long that will take depends on us. He said, “And this gospel of the kingdom shall be preached in all the world for a witness unto all nations; and then shall the end come.” Let us preach these wonderful news to the world with a sense of urgency.

    I love you Brother John.

    • I’d like to see statistical evidence that earthquakes, famines, pestilences, wars and evil empires have escalated in our generation.

      So far the only people I’ve found who seem to believe so are the people who listened to some of the end-times preachers in the previous generation.

      A simple search in Wikipedia of “list of earthquakes”; “list of natural disasters by death toll”; or “list of historical plagues”; “list of empires” etc seems to portray a slightly different picture. But I’m open to receiving further information.

      For example, are we currently seeing in our generation such an escalation of plagues that the bubonic plague of the 1340s which killed a third of the known world’s population, pails into insignificance? Are we seeing worse volcanic eruptions than in 1600 which resulted in the deaths of 2 million people in Russia alone? The highest death-toll in an earthquake wasn’t in our generation – it was back in the year 1556 in China. And the lists go on.

      Admittedly World Wars I & II and the Spanish Flue were really bad. But wasn’t that LAST generation, rather than the CURRENT generation??

      The 2004 tsunami was bad. But there have been many worse disasters in previous generations.

      Can you really call this a “huge escalation”?

      But even if there IS an increase in our generation, how can we be sure, on that basis alone, that ours must be the final generation? because we can only compare present statistics with past statistics – we can’t compare them with what might yet happen in the future.

      It’s like a lady seventy years ago in a small country-town complaining that the traffic in town has become worse recently: her observation might have been correct at the time in comparison with her past – but today, seventy years later, her same country town might have grown into a bustling city with traffic congestion that a previous generation could never have imagined!

      In the same way, even if it becomes true to say in our generation that we are seeing an escalation of disasters, we still won’t be able to say for sure that there won’t come in the future a lull in the severity of disasters, or that there won’t come a future generation who will see an even more significant escalation of disasters. In other words, an escalation of events in one generation cannot be conclusive evidence that it must be the last generation.

      No-one knows the day nor the hour. The signs of which Jesus spoke were present during the lead-up to the siege of Jerusalem and the destruction of the Temple (in AD67-70); and the same signs have always been present throughout the entire Church Age. The entire Church Age is called “the last days”. The Gospel has always been an urgent message: it didn’t only become urgent in our generation.

      Besides, how do you define “generation” anyway?

      • jesseedavis says:

        Let me ask you this to start. When did I talk about a generation? The closest thing I said about a generation was the example about the last 80-90 years, which by the way was not meant to be compared to the past or to anything, but that it is noticeable and it has been quick. I’m not talking about generations, in fact there’s a lot of things you added to what I said that has nothing to do with what I said. Generations was what John was talking about, you seem to be mixing our responses.

        My whole point to everything I said was that we must still be looking, because the fact is this: Jesus can come back within the next hour or even minute, or He can come back in another 1000 years. In any case, watch and discern the times. I’m in no way trying to be one of those “end times preachers.” Maybe I should learn that the more words I say the more likely I’ll have problems with skeptics and misinterpretations.

        You’re exactly right about the Gospel being an urgent message. I still don’t see any implication in my response about it being one now, because of whatever over being one always. The implication I see, still, is that it is an urgent message, because for one, we are lazy OVERALL and don’t do as much sharing with the unbelievers around us than we can or should. Two, because in Jesus’ own words: “And this gospel of the kingdom shall be preached in all the world for a witness unto all nations; and then shall the end come.”

        Next time, please, be more careful in your response. Please.

      • jesseedavis says:

        According to Wikipedia (which is what you suggested) there are about 3 or 4 times as many “significant” earthquakes in the 1900’s than in the 1800’s. There are plenty more from 1951 on than from 1950 and previous IN THE 20TH CENTURY. Even looking at the top 10/15 or so worst earthquakes lists there are more earthquakes from 1951 on than from 1950 and previous.

        With any disaster, you cannot judge how bad they are by how many fatalities it causes. If you couldn’t warn people or prepare for them like you can now, then things would be completely different in fatalities and injuries. As proof look at how they define what magnitude an earthquake is, or how bad a tornado or hurricane is. Pesticides are different, I know, because unless someone is infected, it isn’t a problem.

        I will admit though, with the technology and medicinal advancements there aren’t too many pesticides. Africa, and Asia has gone for the worst, but America, Europe, and Australia is pretty under control, at least according to the page below.

        Looking at a list of empires would really be a waste of time, because first of all, you get to a certain point when you look around at what is yours, and you declare yourself god in some sense. Every empire or kingdom will fail and fall except for Christ’s. With most of the nations trying to avoid a nuclear attack, and with most of the nations trying to reach “peace on earth” empires aren’t going to get very far from their start. World War II with Hitler and the rise of Germany, could possibly be the or at least close to the last attempt of an empire until the time when Antichrist shows up. This is my opinion, not a fact or based on facts.

        But to follow your advice here are some pages.
        http://en.wikipedia.org/wiki/List_of_earthquakes
        http://en.wikipedia.org/wiki/List_of_tornadoes_and_tornado_outbreaks
        http://en.wikipedia.org/wiki/List_of_epidemics
        http://en.wikipedia.org/wiki/List_of_wars
        http://en.wikipedia.org/wiki/Fujita_scale
        http://en.wikipedia.org/wiki/Enhanced_Fujita_Scale
        http://en.wikipedia.org/wiki/Saffir-Simpson_Hurricane_Scale
        http://en.wikipedia.org/wiki/Richter_magnitude_scale
        http://www.aoml.noaa.gov/hrd/tcfaq/E23.html – Although not Wikipedia, it is the most complete list of hurricanes I could find, though it is only for the U.S., although I do have a Wikipedia page that contains a little more that you can look through if you want.
        http://en.wikipedia.org/wiki/List_of_Atlantic_hurricanes
        http://en.wikipedia.org/wiki/List_of_natural_disasters_by_death_toll – Don’t forget to look at the lists under the “See also” section.

        From looking at the page you suggested of natural disasters by death toll, I can give you so many statistics it’s not funny. Here is one statistic: Out of all the lists on this page there are 1093 disasters, some being repeats, and 1012 of these are from the 20th century onward. I know that it has only been recently that things have been recorded like this, but the worst of the worst have been recorded rather well even as far back as the 15th/16th century, which is why most lists contain them on other sites. Even so, looking at only the worsts I see much that you left out in your attempt to be right, like for instance the Bubonic plague you mentioned, was approx. 100,000,000 deaths and it took place over a span of a little more than 4 centuries where as the smallpox epidemic had 300,000,000-500,000,000 deaths and this was just in one century, which you know was the 20th century.

        After looking at each of these pages as well as other pages, references, and sources, I really don’t mean to be mean-spirited or any thing, and I hope you see that this whole comment as well as others are for YOUR edification and yours alone, but I see pride, arrogance, and I see that you will go so far as to leave out details, and ignore everything that does not coincide with your view or point.

        This should be plenty of information regarding the escalation from 1900 and on, not to mention since the beginning of the Church. Anyways, this was not my point in the first place, as I said my point was to encourage us all to keep watching for Jesus and to discern the times. May the Lord be praised and may our faces be upon Him alone and may our time on earth be spent looking for the heavenly home that is ahead of us.

      • warrior daughter says:

        2008 one of worst years for natural disasters this decade

        http://www.prophecynewswatch.com/January29/2992.html

        ——————————————————————————–

        Cyclones, earthquakes and hurricanes around the world made 2008 one of the worst years for natural disasters so far this decade, the United Nations said Thursday.

        At least 235,816 people were killed in 321 different disasters, some of the worst of which took place in Burma and China, according to the UN International Strategy for Disaster Reduction.

        “Almost the entire bulk of the deaths… is explained by only two events: Cyclone Nargis and the Sichuan [earthquake],” said Debarati Guha-Sapir of the Catholic University of Leuven in Belgium, which conducted the tally.

        The UN estimates that nearly 84,000 people died and 54,000 went missing after Cyclone Nargis came crashing into Burma, also known as Myanmar, last May 3. About 2.5 million people were left destitute by the storm.

        Less than two weeks later, nearly 70,000 people were killed when an earthquake rocked a swath of central and southern China. An estimated five million people were rendered homeless.

        Last year’s natural disaster death toll was more than three times the annual average between 2000 and 2007, which was 66,812. The only other year the death toll was higher was in 2004, when it reached 241,647 because of the Indian Ocean tsunami.

        “The share of floods and storms are increasing substantially [and] steadily” compared with the number of earthquakes, droughts and other natural catastrophes, Guha-Sapir said.

        The 2008 Atlantic hurricane season produced a record number of consecutive storms that struck the United States and ranked as one of the more active seasons in the 64 years since comprehensive records started to be kept, according to the U.S. National Oceanic and Atmospheric Administration.

        The world’s disasters last year caused estimated damage of $227 billion, some 60 per cent of it — or $136 billion — in China.

        Hurricane Ike, which hit the Caribbean and the southern United States in September, also substantially contributed to the cost with an estimated $30 billion in damage, the UN agency said.

        Salvano Briceno, director of the UN’s disaster reduction agency, said the high amount of economic loss was alarming.

        ——————————————————————————–

        • And how did the year 2008 compare with the Spanish Flu and World War I which killed an estimated 40-100 million?

          The above article itself even admits that 2007 was a worse year than 2008 in terms of death toll.

          And how did the year 2008 compare with the Black Death during which, academics are now saying, as high as 60% of Europe’s population may have died? (The death toll outside Europe, such as in Africa, or in China where the plague is believed to have begun, is not known.) The plague allegedly actually reduced the known-world’s population. And it returned with frequency – over 100 times in the space of a couple of hundred years. No matter which way you measure the Bubonic Plague – whether by death toll, or magnitude, or frequency of recurrence – either way, can it really be categorized along with the events of 2008? And yet, at a time when preachers were calling it the Apocalypse, a contemporary wrote: that the world shall so completely recover from this tragedy that mankind wouldn’t even know it ever occurred unless we’d written about it. How true.

          Non-Christian observers seemingly were not noticing the beginning of a prolonged “huge escalation” of disasters in 2008 compared with previous centuries or millenia. I’m willing to follow a link to any academic articles written by non-Christians containing statistics about any such observable, consistent, alarming, huge escalation of disasters within our generation as compared with previous centuries or millenia. (The above article, of course, was written by Christian end-times prophecy pundits.)

          But even if, by some method of measuring, the year 2008 can be said to have been far, far worse than anything that ever went before – can we assert that next year won’t be comparatively more peaceful and prosperous (rather than bringing with it a continued escalation)? or can we assert that in future years there won’t yet come far worse disasters which shall cause even 2008 to pale in its seeming eschatological uniqueness?

          Every day since the Day of Pentecost is the LAST DAYS. Jesus can come at any time! The reason for His delay is that God, in His mercy, is giving the nations prolonged opportunity to be saved.

          • jesseedavis says:

            John, I understand you are tired of “end-times” talk, but one of these days, things are going to be so bad that even the events you keep bringing up will pale in comparison and someone with your attitude will come along and say, “Oh, that was nothing, look at this and look at that, stop talking about end times, stop even bringing the Bible or Jesus into your arguments…” It’s actually kind of sickening to read some of your posts and stuff, because of the attitude that it shows. Humble yourself, man. Most of the things you bring up in your posts are based on your feelings and your opinions. If you don’t believe me, look up statistics and information about the things you speak about or maybe go back and read some of your posts, sometimes it really doesn’t seem like you were thinking at the time of writing it.

            Understand this, if you will, the farther back you go, the more deaths you will have per catastrophe, the more modern catastrophes will have less deaths. The older catastrophes will have less money attached to its destruction than the modern ones. This is why you cannot go by how deadly it was or by how much money damage it caused.

            The 1556 earthquake you speak of was an 8.0 magnitude. The top 15 worst earthquakes on the page below don’t even reach 8.4. Think about the earthquake of 2004 in the Indian Ocean or one even remotely similar to it happening back in the 1500’s, there probably would have been 2 or 3 times the deaths of the one that did happen. My point is you won’t face the facts and admit that if hardly any of the disasters that have happened in the 20th or 21st centuries had happened back in the 14th, 15th, or 16th centuries and on back, we may not be here right now having this discussion. If the people of the those times had to deal with all of the STD’s that are going around now, we most likely would not be here. If the people of those days had as many hurricanes, typhoons, or tsunamis as there has been in the past few years alone, there is a chance that quite a few cultures could’ve been wiped out. Why would all of this been so much worse back then than now? There are are more effective medicines today and technology of today allows people to reach international countries with these things within hours or even days. Structures today are made out of materials and inventions that are technological impossibilities of that day. If you cannot see any escalation in any way within the past 2 millenia, than you have a pride issue, and that can only be dealt with by God.

            Let me just say this, these are not actual figures or anything, but I just want your opinion. Is there any overall escalation here:
            1990 – 9
            1991 – 2
            1992 – 5
            1993 – 11
            1994 – 4
            1995 – 10
            1996 – 15
            1996 – 0
            1997 – 2
            1998 – 12
            1999 – 11
            2000 – 14
            2001 – 3
            2002 – 7
            2003 – 1
            2004 – 14
            2005 – 17
            2006 – 19
            2007 – 9
            2008 – 22
            2009 – 15
            2010 – 28
            2011 – 3

            Well, by the logic you’ve used in your posts, no there isn’t, because in 2003 there was only 1 and in 1990 there was 9. Do you see your error? I could go into more detail, but I don’t feel the need, yet.

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