The stock market bubble

BY: Andre Damon of WSW

The stock market bubble


PREFACE

George Orwell

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 ultimately burst,

"... 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."]

The 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 ABJECT POVERTY.

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." (Revelation 6:6)

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? – THEIR SOULS?

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 it.

"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, being alone.

"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." (James 2:17-26)

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 be!

-- Antipas


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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).

STOCK MARKET

"REFLATING" the stock market and offsetting this artificial reflation by deflating wages.

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 parasitic.

A parasite feeding off the flesh of its human host - which is analogous with what the elites are doing to average Americans.

God bless and keep all of you,

S.R. Shearer,
Antipas

______________________________________________

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 lots.

Sophie Scholl

IT SEEMS MORE OFTEN THAN WE CARE TO ADMIT THAT
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 Students.

Do you possess the courage that Sophie possessed? ARE YOU WILLING TO DOWN LOAD OUR FLYER AND PASS IT OUT?

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