The Coming Economic Meltdown

Kevin McCarthy
February 16, 2009

Yeah, you read that right “the coming” economic meltdown. Oh, you thought it was already here? Think again. In a recent interview Peter Schiff, president of Euro Pacific Capital, scoffs at the notion the economic decline is starting to level off and concedes no government action means a “terrible” recession. But the path of increased government intervention will lead to “unmitigated disaster,” says Schiff, who gained notoriety in 2007-08 for his prediction of the housing bubble burst and decline of U.S. stocks.

The problem, he says, is the government is trying to perpetuate a “phony economy” based on borrowing and spending. With the U.S. consumer tapped out, the government is “now taking on the mantle” of consumer of last resort, he continues, predicting the bond bubble will soon burst -- if it hasn’t already -- ultimately leading to a collapse of the dollar and an “inflationary depression worse than anything any of us have ever seen.”

God has canceled the world’s credit cards. The good news is that in the coming months and next few years, the world will be greatly compelled to discover that which is truly valuable, good and real. The economy is only one small aspect of this global change. We are about to experience a huge awakening to the reality and efficacy of God’s universal principles of living. We must first understand how we arrived at this point.

Both genetic science and the Bible now agree that modern humanity began from a single male and female ancestor. God had intended, as we see in the Biblical narrative, to establish a common identity and universal heritage of one family under God. All of humanity, as true brothers and sisters, were to enjoy the rights and privileges bequeathed to them from a benevolent God.

Yet, to this day, we have been totally ignorant of this common heritage. Those original ancestors left behind no record, oral traditions, heritage, spiritual or moral code. Instead, the human history that ensued has been pock-marked by separate cultures each centered upon a unique cultural myth of origin. In every corner of the earth, people devised their own separate identities that were reflective of the unique indigenous terrains and climates in which they emerged. However, they all displayed one common characteristic: each cultural myth, from Aztec to Navaho to Germanic, proclaimed their people to be the central people in a world full of disconnected “others.” This was a formula for endless rivalry, conflict, war and atrocity as each group vied for territory and resources to preserve their separate identities and group interests.

It was through spiritual revelation that God was able to initially communicate to humanity about their plight. Individuals became cognizant, via spiritual channels, of a common human origin that transcended the existing cultural myths. Those revelations were then formulated into an oral tradition and became the foundation of the Hebrew myth of paradise lost recorded in the Book of Genesis. The Genesis garden narrative reveals additional points about our common origin. Not only do we come from original parents and are to be one family under God, but humanity’s ignorance of this common origin was due to a broken sacred vow and covenant between God and our first ancestors. We lost our connection to God and those universal principles that have always guided heaven and earth.

The bigger picture is that the age of restorative payments for the sins of the past is over, however, and as a result of that, neither are the mistakes of the present going to be deferred to tomorrow’s generations, as has always been the case. America and the world must make a new start around understanding these universal parameters of living. We all must understand the reason why those parameters have at this time become so pronounced and are so suddenly able to manifest their sovereignty.

In this age, a true definition of freedom must be proclaimed. Freedom is not “doing what I please.” True freedom requires two elements: the presence of God and the life of living for others. As Jefferson declared so many years ago, “freedom is a gift of God.”

Secondly, morality between men and women must be restored. A new code of sexual ethics must be promoted and exemplified. Abstinence before marriage and fidelity within marriage between a man and a woman will be the essential condition for God’s blessing and good fortune.

Thirdly, religious rivalry must pass away. It will only happen when all faiths can place priority upon a new ethos. That ethos stands as God’s ultimate aspiration for creating the universe. God is the loving parent of all humanity and seeks to fulfill the ideal of love with us all. He suffers as a result of those murdered, abused or oppressed in His name.

A new economy will emerge upon the efforts of men and women of true freedom, ethics and integrity. True economy is that which develops “ex nihilo” from the effort of those duly empowered as co-creators by the blessing of God. An economy propped up by bailouts, hand-outs, recovery packages, welfare benefits, pensions, retirement benefits, and a bankrupt social security provided by an all pervasive State is the Baal worship of our age.