The stock market bubble
BY: Andre Damon of WSW
The stock market bubble
George Orwell once wrote:
"In a time of universal deceit, telling the
truth is a revolutionary act."
It's in this vein that Andre Damon of the World Socialist
Website (WSW) reports that the speculative bubble that
is responsible for the rise in the stock market –
crossing over the 14,000 mark on February 1 – will
"... unleashing a financial
collapse that could far eclipse the crisis of 2008."
Naturally enough, most American Christians would dismiss
what Damon has to say not only because he is a socialist
but also because the mindset of today's Christians mirrors
the mindset of those about whom the Apostle Paul warned
– scoffers who would come in the "Latter Days" saying
"... where is the promise of his coming? for
since the fathers fell asleep, all things
continue as they
were ..." (2 Peter 3:3-4)
As a result, they are disposed to believe
the government propaganda that the economy is recovering.
[Please see our article, "The
Truth about the Economy: Exposing the Lies of the Government."]
meaning of this lyric is that the condition of man
during this era (i.e., the "end of days") will be
reduced to such that he will have to labor a whole
day simply to buy a loaf of bread or three measures
of barley. But the second part of the lyric [i.e.,
"... and see thou hurt not the oil and the wine
..."] means that the "hard times" of this period
will not extend to the elites. This is the common
interpretation - the one subscribed to by such authorities
as Ryrie, Pentecost, Ironside, Gaebelein, etc.
It seems that socialists like Andre Damon are more
cognizant of the fiendish imperative the elites have unleashed
upon the world than are Christians – AN
IMPERATIVE THAT CHARACTERIZES ONE OF THE PRINCIPLE "PROPHETIC
PROCESSES" OF THE LAST DAYS: THE
DIVISION OF THE WORLD'S POPULATION INTO A TINY ELITE OF
"RICHY-RICHES" AND THE REST OF MANKIND INTO A STATE OF
This "prophetic process" is connoted in an enigmatic
passage of Scripture - Revelation 6:6:
"A measure of wheat for a penny [literally
- denarius, a Greek coin which represented a
WHOLE DAY'S wages], and three measures of barley for
a penny; and see thou hurt not the oil and the wine."
As this "prophetic imperative" continues in its relentless
course – enriching a tiny elite while impoverishing
the rest of mankind - more and more Christians will be
caught in the ensuing VISE of poverty; THAT'S JUST THE
TRUTH OF THE MATTER.
Caught in a VISE
The question, then, arises,
What price will those Christians who are being relentlessly
squeezed in this VISE be willing to pay to escape it?
What price will the devil extract from them? –
CHRISTIANS AT THE CROSSROAD
Selling one's soul at the cross roads like Robert Johnson did
in order to become the greatest blues musician
ever. Johnson was instructed to take his guitar
to a crossroad near Dockery's plantation at midnight.
There he was met by a large black man (the Devil)
who took the guitar from Johnson, tuned it, and
handed it back to him. Within less than a year's
time, in exchange for his everlasting soul, Robert
Johnson became the king of the Delta blues singers,
able to play, sing, and create the greatest blues
anyone had ever heard.
Jesus warned His disciples:
"If any man will come after me, LET
HIM DENY HIMSELF, and take up his cross,
and follow me.
"For whosoever will save his life shall lose it:
and whosoever will lose his life for my sake shall find
"For what is a man profited,
if he shall gain the whole world, and lose his own soul?
or WHAT SHALL A MAN GIVE IN EXCHANGE FOR HIS SOUL?"
(Matthew 16:24-26) [Please see our articles, "The
Coming Economic Meltdown: Are You Ready" and
"The Power of Self-Sacrifice:
Taking up Your Cross and Following Him."]
Brothers and sisters, I solemnly warn you: Our faith
is going to be tested. How you acquit yourself will speak
to whether you are REALLY A CHILD OF GOD, OR NOT; it's
not what you say that counts, it's what you do that counts.
The Bible says:
"Even so faith, if it hath
not works, is dead,
"Yea, a man may say, Thou hast faith, and I have
works: shew me thy faith without
thy works, and I will shew thee my faith by my works.
"Thou believest that there is one God; thou doest
well: the devils also believe, and tremble.
"But wilt thou know, O vain man, that faith
without works is dead?
"Was not Abraham our father justified by works,
when he had offered Isaac his son upon the altar?
"Seest thou how faith wrought with his works, and
by works was faith made perfect?
"And the scripture was fulfilled which saith, Abraham
believed God, and it was imputed unto him for righteousness:
and he was called the Friend of God.
"Ye see then how that by works a man is justified,
and not by faith only.
"Likewise also was not Rahab the harlot justified
by works, when she had received the messengers, and
had sent them out another way?
"For as the body without the
spirit is dead, so faith without works is dead also."
And so I say again: Our faith is going to be
tested; all of us will be subjected to this test! How
you acquit yourself during this test will speak to whether
you are REALLY A CHILD OF GOD, OR NOT; it's not what you
say that counts, it's what you do that counts.
What will Christians do in order to save themselves from
poverty? Sell their souls to the devil? Will they
pass this test, or will they fail? It's not what
you say you are, it's what you prove yourself to
In the fifth year of the economic depression, and amid signs
of the worst global slowdown since 2008, world
stock markets are booming.
In the US, the three major stock indices have either reached
or are within a few percentage points of their 2007 highs, despite
the fact that the economy has stalled, contracting for the
first quarter since 2009, according to figures released recently.
[Please see our articles, "The
Truth about the Economy" and "Moving
Closer to a Financial Armageddon."]
Europe is in a state of disintegration, with Greece and Spain
facing conditions not seen since the Great Depression, while
Germany is experiencing a sharp slowdown. In Britain, the economy
is now 3.3 percent smaller than at the start of the downturn,
but the benchmark FTSE 250 [Britain's stock market index] has
doubled. China, Brazil and India have posted sharply lower figures
for economic growth, amidst a slowdown in exports. Yet global
share prices have risen ten to twenty percent in the past year
alone. [Please see our article, "The
Coming Collapse of Europe."]
These apparently contradictory phenomena—(1) surging
financial markets and (2) economic stagnation—are in fact
intimately linked. The continued rise in the markets is not
a sign of health, but a particular expression of the diseased
state of the world financial system.
The elites, confronting a historic financial crisis, are manipulating
the economy to preserve their place at the top of the economic
pyramid; this policy involves having the US Federal Reserve
infuse cash into the financial system through which the stock
market can be "reflated" (made to rise).
"REFLATING" the stock market and offsetting
reflation by deflating wages.
This policy is directly tied to the frontal assault on average
Americans. Awash in cash, the corporate and financial elite
insists that there is no money for health care, pensions or
decent wages. Every basic right must be
eliminated in order to ensure the continued flow of funds into
the stock market. Millions of people have been thrown into poverty,
unemployment and destitution as a consequence.
NOTE: In other
words, there is no cash available with which to help average
Americans because the cash that the Federal Reserve is
making available to the banks is being used by the elites
to "reflate" the stock market.
The decimation [lowering] of wages and living standards has
the additional effect of counteracting the inherently inflationary
impact of the central banks' policy. Under any other circumstances,
the mass printing of money would cause runaway price inflation,
but falling wages and plummeting investment
are directing the flow of cash not into goods, but into asset
values (i.e., stocks).
NOTE: Put simply,
inflation is kept down by offsetting the "reflation" of
the stock market by reducing wages and cutting so-called
"entitlement programs" directed at alleviating the growing
poverty of average Americans.
The systematic reduction of wages has fueled an enormous
boom in corporate profits, which have set records for three
years in a row. American corporations
are sitting on about $2 trillion in cash, much of which is simply
funneled into the stock market.
The entire process is unstable
The entire process is completely unstable. The economy
stagnates, and a new speculative bubble threatens to burst,
unleashing a financial collapse that
could far eclipse the crisis of 2008. The social
and historical catastrophe confronting mankind is not simply
the product of an economic crisis in the abstract. This crisis
is mediated by the elites. Behind the Federal Reserve's policy
stand the interests of a financial elite whose relationship
to the rest of society is fundamentally
A parasite feeding off the flesh of its human host -
which is analogous with what the elites are doing to
God bless and keep all of you,
Have the courage of Sophie Scholl: Pass out flyer, leave
them in libraries, affix them to trees and posts, put them on
the windshields of cars, especially those in church parking
IT SEEMS MORE OFTEN THAN WE CARE TO ADMIT
WOMEN POSSESS MORE CHRISTIAN COURAGE THAN DO MEN
-- S.R. Shearer
At the age of 21 Sophie was executed by guillotine after
being convicted of high treason. Her crime was publishing
some anti-war leaflets that were printed by the White
Rose (a non-violent
resistance group that encouraged people to passively resist
the Nazis) in 1943 at Munich University. Eventually a
copy of the leaflet made it out of Germany and millions
of copies were made and then dropped by plane over parts
of Germany. Its was re-entitled The Manifesto of Munich
Do you possess the courage that Sophie possessed? ARE
YOU WILLING TO DOWN LOAD OUR FLYER AND PASS IT OUT?
IN ADDITION, WE URGE YOU TO DOWNLOAD THE NEW ANTIPAS PAPERS,
PRINT THEM OUT YOURSELF, AND STUDY THEM CAREFULLY; SHARE THEM
WITH YOUR FRIENDS.
FINALLY, WE URGE YOU TO DOWNLOAD AND PRINT OUT THE FLYER
WE SENT TO YOU RECENTLY.
Then make copies and take these copies out to the campuses
where you live; pass them out; OR if that seems
too "daring" for you right now, post them on telephone
poles, the sides of buildings, on campus bulletin boards; post
them in union halls, in the neighborhoods of the poor and downtrodden,
near employment offices, wherever you can.
Once again, we URGE you to read (or
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eschatological viewpoint it represents; WE NEED YOUR
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insofar as their loyalty to the United States is concerned
- a loyalty that has made them partners in the BLOODY
trail the American military has left in its TERROR-RIDDEN
rampage throughout the world, as well as making them partners
in the abject poverty that American corporations have
imposed on the peoples and nations the American military
machine has ravaged - A BLOODY, TERROR-RIDDEN RAMPAGE
THAT HAS TO A LARGE DEGREE BEEN CARRIED OUT IN THE NAME
OF THE "PRINCE OF PEACE." [Please see our articles,
"The Third World
as a Model for the New World Order," Inside
the American New World Order System" and "The
American Empire: The Corporate / Pentagon / CIA / Missionary
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