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Tribulation Times
(Rev 6:5-6) And when he had opened the third seal, I heard the third living creature saying: Come and see. And behold a black horse. And he that sat on him had a pair of scales in his hand. And I heard, as it were a voice in the midst of the four living creatures, saying: Two pounds of wheat for a penny, and thrice two pounds of barley for a penny: and see thou hurt not the wine and the oil.
COMMENTARY: Our economic depression: Sowing and reaping
In this economic crisis, is there a word from God, and if there is what is it? There were economic depression crises experienced in the Old Testament and the New Testament by God's nation and God's church. Sometimes it was a judgment of God upon his nation and included a call from God for true repentance with the assurance that God would respond and intervene (see 2 Chronicles 7:13-14). Sometimes it was the opportunity for the more fortunate to respond with concern and sacrifice towards persons in great financial need (Acts 11:27-30).
In Psalm 11:3 the question is asked, "If the foundations be destroyed, what can the righteous do?" Now and in the future of this crisis many will feel that the foundations they have been relying upon are crumbling beneath them. I will emphasize now only one response I am sure we all need to make. Let's allow this crisis to bring us to our knees in prayer. You may say, "That's too simple!" The Bible says about the Disciple Peter, "But when he saw the wind, he was afraid and, beginning to sink, cried out, 'Lord, save me!' " (Matthew 14:30). Prayer is our first way of involving God and God's first way of involving us in a crisis. We may do more than pray after we have prayed. But we cannot do anything more important than pray. What is more practical and simple than Jesus teaching us to pray, "Give us this day our daily bread" (Matthew 6:11)?
Yes, we must pray for ourselves and our needs when our foundations are being destroyed. We must intercede for others whose foundations are being destroyed. But, also, we must pray diligently for the "decision makers" in our National Government who are responsible for economic leadership (1 Timothy 2:1-3). This includes our new President, but probably even more so for the President's National Economic Council, the treasurer, the responsible committees, the House of Representatives and the Senate. This is serious business. Some admit that they do not have the answers. Do not consider that your prayers are not important. They are and they are important now!
CATHOLIC COMMENTARIES
The deeper one's faith, the greater one's generosity, cardinal says
Time to reassess our values: Pell
Fr. Hesburgh remembers tough times during Great Depression
HEADLINE: IMF Says Advanced Economies Already in Depression
Advanced economies are already in a "depression" and the financial crisis may deepen unless the banking system is fixed, International Monetary Fund Managing Director Dominique Strauss-Kahn said.
"The worst cannot be ruled out," Strauss-Kahn said in Kuala Lumpur, where he was attending a gathering of central bankers from Southeast Asia. "There's a lot of downside risk."
Ten days ago, the IMF cut its world-growth estimate for this year to 0.5 percent, the weakest pace since World War II. Stimulus packages alone won't succeed in dragging the global economy out of recession unless confidence is restored in the banking system, Strauss-Kahn said today.
"All this will work if, and only if, the different countries are likely to do what they have to do in terms of restructuring the banking sector," he said. "And today it's not done."
The U.S. economy has lost 3.57 million jobs since a recession started in December 2007, its biggest employment slump of any economic contraction in the postwar period as companies from Macy's Inc. to Caterpillar Inc. cut costs. The U.K. economy will shrink this year by the most since 1946, the IMF forecasts.
"There is hope that the fiscal and monetary stimulus measures being implemented around the world can help turn things around," said David Cohen, Singapore-based director of Asian economic forecasting at Action Economics. "But there is still the risk it can be short-circuited by further financial turmoil."
RELATED ECONOMIC COMMENTARIES
Depression Survivors Lend Perspective on Economic Crisis
Instead of stimulus, do nothing – seriously
Stocks to fall AT LEAST another 40%! Here's why …
Obama's Wealth Destruction
Prayer request? Send an email to: PrayerRequest3@aol.com
READ THE BIBLE IN ONE YEAR: http://www.oneyearbibleonline.com/january.asp?version=63&startmmdd=0101
February 10, 2009(Rev 6:5-6) And when he had opened the third seal, I heard the third living creature saying: Come and see. And behold a black horse. And he that sat on him had a pair of scales in his hand. And I heard, as it were a voice in the midst of the four living creatures, saying: Two pounds of wheat for a penny, and thrice two pounds of barley for a penny: and see thou hurt not the wine and the oil.
COMMENTARY: Our economic depression: Sowing and reaping
In this economic crisis, is there a word from God, and if there is what is it? There were economic depression crises experienced in the Old Testament and the New Testament by God's nation and God's church. Sometimes it was a judgment of God upon his nation and included a call from God for true repentance with the assurance that God would respond and intervene (see 2 Chronicles 7:13-14). Sometimes it was the opportunity for the more fortunate to respond with concern and sacrifice towards persons in great financial need (Acts 11:27-30).
In Psalm 11:3 the question is asked, "If the foundations be destroyed, what can the righteous do?" Now and in the future of this crisis many will feel that the foundations they have been relying upon are crumbling beneath them. I will emphasize now only one response I am sure we all need to make. Let's allow this crisis to bring us to our knees in prayer. You may say, "That's too simple!" The Bible says about the Disciple Peter, "But when he saw the wind, he was afraid and, beginning to sink, cried out, 'Lord, save me!' " (Matthew 14:30). Prayer is our first way of involving God and God's first way of involving us in a crisis. We may do more than pray after we have prayed. But we cannot do anything more important than pray. What is more practical and simple than Jesus teaching us to pray, "Give us this day our daily bread" (Matthew 6:11)?
Yes, we must pray for ourselves and our needs when our foundations are being destroyed. We must intercede for others whose foundations are being destroyed. But, also, we must pray diligently for the "decision makers" in our National Government who are responsible for economic leadership (1 Timothy 2:1-3). This includes our new President, but probably even more so for the President's National Economic Council, the treasurer, the responsible committees, the House of Representatives and the Senate. This is serious business. Some admit that they do not have the answers. Do not consider that your prayers are not important. They are and they are important now!
CATHOLIC COMMENTARIES
The deeper one's faith, the greater one's generosity, cardinal says
Time to reassess our values: Pell
Fr. Hesburgh remembers tough times during Great Depression
HEADLINE: IMF Says Advanced Economies Already in Depression
Advanced economies are already in a "depression" and the financial crisis may deepen unless the banking system is fixed, International Monetary Fund Managing Director Dominique Strauss-Kahn said.
"The worst cannot be ruled out," Strauss-Kahn said in Kuala Lumpur, where he was attending a gathering of central bankers from Southeast Asia. "There's a lot of downside risk."
Ten days ago, the IMF cut its world-growth estimate for this year to 0.5 percent, the weakest pace since World War II. Stimulus packages alone won't succeed in dragging the global economy out of recession unless confidence is restored in the banking system, Strauss-Kahn said today.
"All this will work if, and only if, the different countries are likely to do what they have to do in terms of restructuring the banking sector," he said. "And today it's not done."
The U.S. economy has lost 3.57 million jobs since a recession started in December 2007, its biggest employment slump of any economic contraction in the postwar period as companies from Macy's Inc. to Caterpillar Inc. cut costs. The U.K. economy will shrink this year by the most since 1946, the IMF forecasts.
"There is hope that the fiscal and monetary stimulus measures being implemented around the world can help turn things around," said David Cohen, Singapore-based director of Asian economic forecasting at Action Economics. "But there is still the risk it can be short-circuited by further financial turmoil."
RELATED ECONOMIC COMMENTARIES
Depression Survivors Lend Perspective on Economic Crisis
Instead of stimulus, do nothing – seriously
Stocks to fall AT LEAST another 40%! Here's why …
Obama's Wealth Destruction
Ladder of Divine Ascent excerpt: Step 15- "On incorruptible purity and chastity"
4. He is chaste who, even during sleep, feels no movement or change of any kind in his constitution.Prayer request? Send an email to: PrayerRequest3@aol.com
This month's archive can be found at: http://www.catholicprophecy.info/news2.html.
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