Do you know how much $700 billion is?

Do you know how much $700 billion is? Yes, it is the amount of taxpayer bailout that the United States administration is urging Congress to adopt in order to save the financial institutions that have recklessly accumulated “toxic debt” in their quest for skyrocketing profits. But how much is $700 billion? If the 3,200 students at Andrews University were to be declared the beneficiaries of this bailout, each of our students would be receiving $218,750,000. One could afford college education with a subsidy like that! How much is $700 billion? If you sent the bill to the 330 million men, women and children living in the United States it would cost each of us $2,121.21. But in reality, the addition of this $700 billion bailout to our national debt raises our debt to an unfathomable $11.3 trillion! If this nation began to pay off that debt $100 billion per year, it would take 113 years (assuming not a single penny more were added to that debt during the time).

In response to the dramatic downward spiral of both our national and global economies over the last few days, the blogosphere is electric in reaction. Todd Harrison, with Marketwatch.com, opined, “The free market system officially broke last week and the ramifications are profound. A new world order is upon us, one that will forever change the construct of capitalism” (9-24-08). Likening this crisis response to what took place post September 11, 2001, his lengthy two page analysis included the sobering observation, “Indeed, anticipation of social unrest may be the catalyst for the decision to transfer troops back to the states [sic]. Beginning Oct. 1, a military army brigade will be an ‘on-call federal response force for natural or manmade emergencies and disasters,’ the first time an active unit has been given a dedicated assignment of this kind” (http://www.marketwatch.com/news/story/shock-awe-five-things-you/story.aspx?guid={0FBD43B9-A7CA-4816-95C2-2ABA25FE8ED8}).

The point is inescapable, irrespective of your political persuasion or economic acumen. We now live in an hour of profound and rapid change. Literally overnight the headlines are rewriting life as we know it.

I received an email from a young adult this week asking if there is anything to her remembering reading somewhere once that economic crisis would precede the return of Christ. Revelation 18 unapologetically describes such a global financial meltdown. And you can be certain our own nation will not be spared.

How then should we now live? The bold command of Christ bears our brooding: “Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven. . . . for where your treasure is, there your heart will be also” (Matthew 6:19-21 TNIV). Though we may consider ourselves treasureless, nevertheless Jesus’ point is clear—we must invest our very selves in the kingdom of God.

If ever there were an hour of history when our treasures would not be just well-spent, but best-spent in advancing the everlasting gospel to the ends of a very uncertain civilization, this would surely be it, wouldn’t you agree?

. . . for the pastor’s weekly blog, go to www.pmchurch.tv

Comments

Very well written !!! Do I need to comment ? Wake up church

I am amazed at the thought of us thinking that everything will be "all right"...This surely is a sign for us to dedicate ourselves fully to the work of God....

Possibilities for spreading of the gospel of the three angels are multipling at a great rate all over the planet. Time for us to empty our pocketbooks while our money still has some value. Time for us to wake up. Yet we are not hearing this from our local churches. Is there a reason for this? BELIEVER FROM FLORIDA, USA

Just the interest on 11 trillion dollars (at 4%) would be 4.4 billion per year. That means the average American family (4.3 members) would pay over $6000 per year servicing the INTEREST on the debt alone.

This is an overly sensational statement. In the public sphere a respected commentator concluded that we are witnessing "a crisis but not a disaster." Why not quote some people like this for balance? Why zero in on someone who puts a paranoid spin on a troop deployment? Didn't we mine Wall Street for all possible eschatalogical value in...1929? May Christ indeed come soon, but may we prepare to meet him by some means other than selective headline-surfing.

In 1987 the General Conference had 26% invested in stocks. Taken from Adventist Biblical Research Institute: As of December 31, 1987, invested money held by the GC was diversified among these investments: Stocks 26.1% Bonds 33.6% Short-term investments 4.6% Notes Receivable and Deposits 13.6% Real Estate 2.1% I wonder how much we lost this year?

This financial crises are the results of our generation feeding and entertaining our ego , we live in a me and I generation I wanted it now and bigger then my neighbor, this generation never taken the responsibility of credit and appreciated and never understood it, our leaders they believed the same. they never realized that credit is printing money , and that will devalue the $$$ and created toxic $$$ , this will lead us to a new type of government where we will be dictate us what to do, with out complain because the hungry belly always submits to his master welcome to new world order , I hope we stop pressing snooze button and we wake up this may be one of the last alerts .

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