The Next Financial Crisis

IN TODAY'S NEWSLETTER... 
 
 

• Featured Article: The Next Financial Crisis 
• Another Shipping Nightmare Is About To Play Havoc With Global Supply Chains 
• Nearing Midnight: Food Productions Update 
• The Collapse Of Afghanistan Has Brought Us A Lot Closer To A Chinese Invasion Of Taiwan 
• Daily Jot: Stupidocrisy: Biden is the poster child 
• Daily Devotion: No Deals with the Devil 

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The Next Financial Crisis - Britt Gillette - http://www.end-times-bible-prophecy.com/the-next-financial-crisis.html
 
A few days ago, marked the 50th anniversary of one of the most significant events in world history. On August 15, 1971, Richard Nixon announced he was "closing the gold window," thus ending the U.S. dollar's convertibility to gold. This ended the post-World War II Bretton Woods monetary system where the world operated on a gold-backed U.S. dollar with other world currencies pegged to the dollar. It also began the new era of fiat currency and sowed the seeds of the next great financial crisis. Fiat currency is not backed by commodities such as gold or silver. Its only value comes from the public's willingness to accept it as a means of payment. Since Nixon's announcement, all the major governments of the world have used nothing but fiat currencies. Prior to 1971, this had never occurred in human history.
 
The Danger of Fiat Currency
 
Why was Nixon's announcement such a significant event? Fiat currencies are dangerous. They eliminate government financial discipline and accountability. When nothing backs a currency, the government can print unlimited currency units. The more currency units that exist, the less valuable they all become. If you earn and save in fiat currency, you lose purchasing power over time. The government is essentially stealing from you via inflation. This means government spending is no longer restrained by collected tax revenue or fiscal responsibility.
 
For example, during World War II, the United States launched a massive war bond campaign to raise the money necessary for funding the war. They did so because U.S. currency was backed by gold and silver. They couldn't simply "print" the dollars needed to fund the war. But that’s no longer true. Since 1971, the U.S. has funded the world's largest standing military, fought two wars in Iraq, a war in Afghanistan, and countless other conflicts. In doing so, they never once launched a war bond campaign. They simply printed the dollars they needed.
 
Since 1971, the U.S. government has been on a spending binge. In 1971, the U.S. national debt was $398 billion. Today, it's $27.8 trillion. That's an almost 70-fold increase in debt in the past 50 years. To fund this massive rise in debt, they've run the printing press. This means the value of a dollar has decreased significantly in the past 50 years. In 1971, an ounce of gold was $35. Today, an ounce of gold is $1,781. That's a 98% decline in the dollar's purchasing power.
 
And before you attribute the rise in national debt to the declining purchasing power of the dollar, take a look at the debt relative to national income. In 1971, the U.S. debt to GDP ratio was 34%. Today, it's 127%. That's an almost four-fold increase in real terms, and it's a debt level many economists believe is unsustainable. As bad as this is, the United States isn't alone. In a world awash in fiat currency, debt to GDP ratios are terrible all over the globe. Japan's debt to GDP ratio is 256%. Canada's is 116%, and the United Kingdom's is 107%.
 
The Eurozone alone is home to a number of troubled nations – Greece (181%), Portugal (132%), Italy (155%), France (115%), etc. Compounding the problem for these nations is they owe their debt in a fiat currency they can't print. The European Central Bank controls the euro, and that puts all these nations at potential risk of default if they can't make their debt payments. A default by any of those nations will ripple throughout the European banking system which holds billions of euros worth of government bonds. If European banks become insolvent, financial contagion will spread throughout the world and plunge the world into a financial crisis far worse than the Great Recession, one with the potential to be worse than the Great Depression itself.
 
The Central Bank Conundrum
 
The U.S. Federal Reserve, the European Central Bank, and central bankers throughout the world are well aware of this potential scenario. It's their worst nightmare. More than anything else, they fear an out-of-control deflationary spiral akin to the Great Depression. This is why central banks engaged in unprecedented measures in 2020 to prop up financial markets as the COVID-19 crisis unfolded. But now they face a conundrum. If they keep these policies in place, we'll have runaway inflation. But if they reverse their "easy money" policies, they risk triggering the very financial crisis they're so eager to prevent.
 
For example, in the United States, interest on the national debt is $378 billion. This is the fourth largest expense in the annual budget. A good portion of the national debt is financed using treasury notes with a maturity of less than ten years. If the Federal Reserve raises interest rates, the interest on the national debt will grow and eat up a larger and ever growing portion of the annual budget. The same is true for other countries.
 
In addition, hundreds of U.S. companies are now "zombie" companies. These are heavily indebted, poorly managed companies that depend on low interest rates to meet their loan interest payments. If interest rates rise, those companies will go bankrupt. The same is true for many individuals. A large number of consumers carry variable interest debt. If interest rates rise, they'll no longer be able to meet their debt obligations. In short, raising interest rates will plunge the U.S. economy into a depression. And the same is true for all the other major world economies.
 
According to Bloomberg, world debt now stands at $281 trillion. This is the total amount owed by governments, companies, and households. It represents 355% of global output. That's nearly four times what the world produces in a year. This level of debt can never be paid back. Either it will end in default or it will be paid back with devalued currency.
 
The first option will lead to immediate pain and suffering, with bankruptcies, defaults, massive unemployment, and widespread social unrest. The second option offers an alluring promise of a way to avoid such pain. Which option do you think politicians and central bankers will choose?
 
The Next Economic Downturn
 
When the next economic downturn arrives, it will be in the form of a severe global depression. Unable to service their massive debts, many individuals and companies will default. Those defaults will leave the banking system on the verge of bankruptcy and politicians scrambling to put together another series of bailout packages. The government and central bank response to this crisis will be bigger than their response to the COVID-19 crisis.
 
What will they do? They'll run the printing press. They'll bail out companies on the verge of bankruptcy. They'll buy stocks and corporate bonds. They'll backstop people's mortgage and student loan payments. They'll do anything and everything they can in an effort to avoid the inevitable economic pain. And then they'll institute something they've wanted for a long time - universal basic income. Every man, woman, and child will receive a monthly stipend equivalent to an average worker's salary. A desperate population will welcome it. But it won't be enough. When the prices for rent, food, and energy double as a result of all this printed currency, the government solution will be to double the amount of the monthly payments to combat the rising prices of the "greedy" corporations. But the problem won't be rising prices. The problem will be a failing currency. This process will play itself out over and over until all the world's currencies are driven into hyperinflation and the entire system comes crashing down.
 
A Dangerous Time
 
Hyperinflation has ravaged individual nations in the past - Weimar Germany, the post-war Austro-Hungarian Empire, Zimbabwe, Venezuela, and others. But hyperinflation has never hit all the world's nations simultaneously. Maybe it won't this time either. But keep this in mind, never before have all the world's major economies simultaneously been run on fiat currencies. This experiment is only 50 years old, and it's quickly coming to an end.
 
What happens when it inevitably falls apart? What happens when lives are ruined, life savings are lost, and the streets are filled with hungry people? We don't know. But history provides us with clues. In times of chaos and economic instability, dangerous political leaders and demagogues often rise to power. They capture the public imagination with promises to end the chaos and restore stability. Past economic crises led to events such as the rise of Napoleon, the launch of the Bolshevik Revolution, and the consolidation of German state power in the hands off Adolph Hitler. All these events had grave consequences for the entire world, not just the individual nations involved. Why should this time be any different?
 
What the Bible Says
 
The Bible describes just such a scenario in the end times. Revelation 6 says an entire day's wages will barely buy enough food to survive (Revelation 6:5-6). This describes a world ravaged by hyperinflation, and it's the backdrop against which the Antichrist makes his drive for global conquest (Revelation 6:3-4).
 
Ultimately, the Antichrist will implement a global economic system which requires the people of the world to worship him. The Bible says he will require everyone on earth to receive a mark, and no one will be able to buy or sell without the mark (Revelation 13:17). We see the beginnings of this system today as paper currencies give way to digital currencies. Once this transition is complete, government will be able to control all buy/sell transactions, just as the Bible foretold.
 
This is one of the many Tribulation events casting its shadow on our day and time. Along with the restoration of Israel (Jeremiah 23:7-8) and the many signs Jesus and prophets said to look for, all these events are converging for the first time in history. Jesus said when you see this happen, you can know His return is soon (Luke 21:28). So rather than hang your head at the trials and sorrows set to come upon the world, lift your eyes to heaven. He's coming soon!

 


 
Another Shipping Nightmare Is About To Play Havoc With Global Supply Chains – Tyler Durden - https://www.prophecynewswatch.com/article.cfm?recent_news_id=4904
 
Yesterday we reported that with container shipping rates already blowing out to never before seen levels amid continued chaos in Transpacific shipping as a result of massive port backlogs and production delays in China due to the relentless onslaught of covid, a new and even greater price surge was on deck.
 
An outcome which would nuke hopes for renormalization in soaring inflation - as a result of the partial (for now) shutdown of China's busiest port by volume (and third-largest container port in the world after Shanghai and Singapore) when operations at the Ningbo Meishan Container Terminal, were immediately suspended following positive Covid test results.
 
Well, it didn't take too long for Bloomberg to report that the spread of the delta variant could "lead to a repeat of last year's shipping nightmares", and for confirmation look no further than the Port of Los Angeles, the nation's busiest post, which in June saw its volumes dip because of a Covid outbreak at the Yantian port in China, and which is bracing for another potential decline because of the latest shutdown at the Ningbo-Zhoushan port in China, a spokesman said.
 
Anton Posner, chief executive officer of supply-chain management company Mercury Resources, said that many companies chartering ships are already adding Covid contract clauses as insurance so they won't have to pay for stranded ships.
 
And here is the core problem with all those endorsing a "transitory" inflation spike captured in a perfect soundbite: just when it seemed as if things were just starting to calm down, "and we're now into delta delays," said Emmanouil Xidias, partner at Ifchor North America LLC. "You're going to have a secondary hit."
 
And then a tertiary, then quaternary, and so on because after Delta - we have Lambda, and then a whole lot of other Greek letters, ensuring that the "pandemic" persists at least through the Nov 2022 midterm election which - for obvious reasons - will have to be mail-in, and thus the pandemic will have to last at least until then.
 
Meanwhile, prices are about to go into the stratosphere: the shutdown at Ningbo-Zhoushan is raising fears that ports around the world will soon face the same kind of outbreaks and Covid restrictions that slowed the flows of everything from perishable food to electronics last year as the pandemic took hold.
 
Infections are threatening to spread at docks just as the world's shipping system is already struggling to handle unprecedented demand with economies reopening and manufacturing picking up.
 
The good news so far, Ningbo-Zhoushan Port said in a statement late on Thursday that all other terminals aside from Meishan have been operating normally, and that the port is actively negotiating with shipping companies, directing them to other terminals, and releasing information on a real-time data platform.
 
To minimize delays, it's also adjusting the operating time of other terminals to make sure clients can clear their shipments. A spokesman for the port told Bloomberg there were no further updates when contacted Friday.
 
Despite the port's cheerful take, some ships that docked at the Meishan terminal before the closure have suspended cargo operations until the terminal re-opens, according to a notice sent by shipping line CMA CGM SA to shippers.
 
Other vessels which usually call at the Meishan terminal will stop at the Beilun terminal instead, according to a statement Thursday from A.P. Moller-Maersk A/S. One of the company's ships will skip Ningbo next week, it said.
 
"We are working on contingency plans in order to mitigate the likely impact on our vessel schedules and cargo operations," Orient Overseas Container Line, a subsidiary of Orient Overseas International Ltd. container subsidiary said via email.
 
While Ningbo city which hosts the busiest port in the world is still considered a low risk virus area, at least according to the city's health commission, flights to and from the capital Beijing have been canceled.
 
And herein lies the rub: authorities in Ningbo said the port worker was fully vaccinated with an inactivated vaccine and had the second dose on March 17. The worker was asymptomatic as of Thursday afternoon despite the "breakthrough" infection.
 
He was infected with the delta strain, genetic sequencing showed, and epidemiological investigation shows the worker had come into close contact with sailors of foreign cargo ships. In other words, if Delta really is that contagious, all hell is about to break loose not only in Ningbo but across global shipping lanes.
 
Meanwhile, as Chinese shippers brace for the worst, they are busy daytrading various hyperinflationary indicators such as the Baltic Dry Index which serves as a global benchmark for bulk shipping prices, and which is up more than 10% since a month ago as the delta variant began to spread rapidly.
 
As shown in the chart top, container prices also have soared, with the benchmark cost of shipping a container from Shanghai to Los Angeles up more than 220% over the past year to $10,322 this week. And if the Ningbo port closure escalates, those numbers are about to go exponentially higher.
 
Finally, commenting on the emerging shipping chaos, Rabobank's Michael Every ties it in to the latest wholesale inflation data, writing this morning that "the US PPI print yesterday laid bare the surge in input costs still coming through the pipeline, most notably in that while the headline was up 1.0% m/m, almost double expectations, and 7.8% y/y, the core component ex- food and energy also spiked 0.9% m/m and 6.2% y/y.
 
As we have already seen in China, somebody is going to have to swallow that. Will it be producers, compressing their margins? Or will it be consumers, depressing their real incomes?
 
Considering around 25% of capacity at China's third-busiest port just closed down again due to Covid-19, which will push global shipping further past its limits just as the US needs to restock for Black Friday and Xmas, the one thing that does not seem likely is a rapid drop-off in supply-side inflation."

 




 
Nearing Midnight: Food Productions Update – Todd Strandberg - https://www.raptureready.com/category/nearing-midnight/
 
Farmers all around the world are unable to get a break from bad weather. In a previous article, I noted that China has had record flood damage to many crops. This is the second year in a row that China has had a failed growing season.
 
The corn and soybean crop in the US has been a mixed bag. Some of the northern states like North and South Dakota and Minnesota have been too dry. The crops in the rest of the Midwest are rated as being in excellent condition. The crop is not safe until it makes it into the silo. Last year’s Derecho that ripped through Iowa proves that point.
 
The drought in California continues to get worse. The water levels of many reservoirs are at all-time lows. California already had 500,000 acres not get planted this year because of the lack of water.
 
California grows more than a third of our vegetables and two-thirds of our fruits and nuts. Millions of trees have had to be cut down because the farmers could not get the water needed to keep them alive. Salt damage, caused by the lack of drainage with fresh water, is taking tens of thousands of acres of farmland out of production.
 
Southern Africa is suffering through its worst drought in several decades and perhaps a century.
Diminished and late rainfall, combined with long-term increases in temperatures, has jeopardized the food security and energy supplies of millions of people in the region, most acutely in Zambia and Zimbabwe. The drought in South Africa is bad because it is normally a major exporter of grains to other nations.
 
The only good news I could find is in Australia. Grain production down under is expected to be strong in the 2021-22 marketing year following a record-breaking wheat production year, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).
 
Food production in South America has been an absolute disaster. In Brazil, drought and frost caused second corn yields in the country’s center-south to hit their lowest level in 10 years. Crop losses due to unfavorable weather may result in shortages and persistent food inflation due to Brazil being a top player in global corn production.
 
Reuters, citing a new report via agribusiness consultancy AgRural, said drought, then frosts destroyed much of the crop this year. Brazilian farmers expect to harvest around 51.6 million tons of corn, down 19 million from last season’s 70.5 million.
 
“Failure of the 2021 corn crop, planted with much delay due to the later soybean harvest, was the result of the lack of rain in most of the producing areas in April and May,” AgRural said. “The frost starting at the end of June and lasting until now reduced yields and also caused quality problems.”
 
Besides corn – citrus trees, coffee, and sugar cane in Brazil have also been heavily impacted by adverse weather conditions. Prices for coffee beans are up 50% in the past 12 months, hitting seven-year highs in July on news of the frost.
 
Chile is not a major producer of food but is suffering such a massive drought, it raises concern for its neighbors. The drought in Chile is now in its 10th year, going from bad to worse due to a scorching July, a month which typically brings midwinter weather showering the capital Santiago in rain and snow.
 
The USDA’s quarterly Grain Stocks report, released with the June 30 Acreage report, shows sharp declines in corn, soybean, and wheat stocks.
 
Corn stocks totaled 4.11 billion bushels, down 18 percent from the same time last year. Soybeans stored totaled 767 million bushels, down 44 percent from last year. All wheat stored totaled 844 million bushels, down 18 percent from a year ago.
 
What helped draw down US grain stocks is China importing a record amount of grains in 2020. The nation bought 11.3 million tons of corn, exceeding the annual quota, set at 7.2 million tons, for the first time. It also imported a record 8.38 million tons of wheat. As China works to rebuild its swine herd, the country imported over 100 million tons of soybeans, with nearly 40 million tons coming from the United States.
 
It was just two years ago that China said it was going to boycott America’s grain supplies. With Brazil a bust for this year, Chinese grain ships are going to be lining up at American ports. Washington DC is probably starting to wonder how much grain we can afford to sell to our Asian trading partner.
 
As we get close to the last days, food production is likely to become more problematic. Since the Bible predicts a deadly famine will take place in the tribulation, it explains why we are having one bad year after another.
 
“And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine” (Rev. 6:5-6).

 


 
The Collapse Of Afghanistan Has Brought Us A Lot Closer To A Chinese Invasion Of Taiwan - by Michael Snyder - http://theeconomiccollapseblog.com/the-collapse-of-afghanistan-has-brought-us-a-lot-closer-to-a-chinese-invasion-of-taiwan/
 
The way that the Biden administration has handled the U.S. withdrawal from Afghanistan is not going to bring peace. Instead, I believe that it is going to result in more war. For decades, the overwhelming strength of the United States restrained other major powers from becoming too adventurous. But now the stunning defeat in Afghanistan has exposed how weak we have become. At this point, the U.S. is like a rapidly aging boxer that is becoming even more feeble with each passing day. At one time we may have been able to take on anyone, but now we are in an advanced state of decline and we have utterly incompetent leadership in the White House, in Congress and in the Pentagon.
 
As I discussed yesterday, the debacle that is currently playing out in Kabul is going to greatly embolden the enemies of the United States.
 
In particular, Chinese leaders are absolutely loving what they are seeing, and they can’t help but express their delight…
 
Chinese state media, meanwhile, reported on America’s “humiliation” in Afghanistan with relish, using scenes of the chaotic US evacuation and swift resurgence of the Taliban as proof of the superiority of China’s hands-off approach to other countries’ internal affairs.
 
“The drastic change in Afghanistan’s situation is undoubtedly a heavy blow to the US. It declared the complete failure of US intent to reshape Afghanistan,” the state-run tabloid Global Times said in an editorial published late on Sunday night. “This defeat of the US is a clearer demonstration of US impotence than the Vietnam War — the US is indeed like a ‘paper tiger.'”
 
In this instance, the Chinese are 100 percent correct.
 
The United States really has become a “paper tiger”.
 
Our “woke military” has become a pathetic shadow of what it once was, and even if we had a competent military the brass in the Pentagon would have no idea how to use it because they are completely and utterly clueless.
 
And this is a huge problem for our friends in Taiwan, because the U.S. military has been the only thing holding the Chinese back from invading the island.
 
After watching how we abandoned our friends in Afghanistan, the Chinese publicly taunted authorities in Taiwan and warned that we would do the exact same thing to them…
 
It published an editorial contrasting the U.S. commitment to Afghanistan and its commitment to Taiwan, and concluding that if it “abandoned” Afghanistan, then the ruling pro-independence Democratic Progressive Party (DPP) in Taiwan should “wake up from their dreams.”
 
“From what happened in Afghanistan, they should perceive that once a war breaks out in the [Taiwan] Straits, the island’s defense will collapse in hours and the U.S. military won’t come to help,” Global Times opined. “As a result, the DPP authorities will quickly surrender, while some high-level officials may flee by plane.”
 
U.S. and Chinese strategists both know that if China decided to invade Taiwan the U.S. military would not be able to prevent it from happening.
 
But there has always been an understanding that such a move would result in a very strong military response from the United States, and that has always held the Chinese back.
 
Unfortunately, the status quo may not last for too much longer.
 
The Chinese can see that Joe Biden is in an advanced state of decline both physically and mentally, and he is surrounded by the most incompetent team that any president has had in modern American history.
 
The Chinese can also see that the U.S. has lost the will to fight. We didn’t even attempt to delay the Taliban when they came storming into Kabul, and now all we want to do is to evacuate our people and go home.
 
At this point the Biden administration doesn’t want any more foreign wars, most Democrats don’t want any more foreign wars and most Republicans don’t want any more foreign wars.
 
So would the American people actually want a military confrontation with the Chinese if they invaded Taiwan?
 
Probably not.
 
And would the American people support threatening the Chinese with a nuclear response if Taiwan was invaded?
 
Definitely not.
 
But I do believe that the Biden administration would feel forced to come up with some sort of a military response if China invaded, and such a response could result in a state of war between our two countries.
 
Here in the western world, most people simply do not understand how important taking Taiwan is to Chinese leaders. To the CCP, Taiwan has always been considered Chinese territory, and reintegrating Taiwan with China is a core issue of fundamental importance.
 
If Taiwan was successfully conquered, it would bring great national pride, and the leaders responsible would be regarded as legendary national heroes.
 
The Chinese regard Taiwan as a rebellious province that is run by dangerous insurgents, and they have repeatedly warned that any attempts by Taiwan to formally declare independence will result in invasion.
 
Of course the people of Taiwan see things very differently, and they have always counted on the United States to protect them.
 
But now the weakness of the U.S. has been exposed, and the Chinese are becoming increasingly aggressive…
 
China carried out assault drills near Taiwan on Tuesday, with warships and fighter jets exercising off the southwest and southeast of the island in what the country’s armed forces said was a response to “external interference” and “provocations”.
 
Taiwan, which Beijing claims as Chinese territory, has complained of repeated People’s Liberation Army (PLA) drills in its vicinity in the past two years or so, part of a pressure campaign to force the island to accept China’s sovereignty.
 
And last month the Chinese actually simulated an amphibious invasion of Taiwan…
 
The latest drill includes assault landings and island-control exercises in a bid to demonstrate the communist state’s military might.
 
It was conducted as the country is preparing its soldiers in case of an insurgency in Taiwan, Chinese state media reports.
 
For a long time, I have been warning that the United States and China would eventually go to war.
 
And it appears that Taiwan could potentially trigger such a conflict.
 
If Trump was still in the White House, the Chinese probably would not make a move any time soon.
 
But now they smell weakness.
 
Biden is weak, our “woke military” is weak, and the American people have no desire for more military conflict.
 
That makes this an ideal time for the Chinese to try to achieve one of their most important national goals, and so let us hope that they choose not to pull the trigger.

 


 
Daily Jot: Stupidocrisy: Biden is the poster child – Bill Wilson – www.dailyjot.com
 
It’s like a steady stream of stupidity and hypocrisy. Joe Biden and his merry band of anti-American misfits are making a mess of things. Seriously. There isn’t a day go by without a serious breach of common sense. Oh, yes, everyone should be vaccinated against COVID 19. Everyone, that is, except the illegal aliens that Biden is allowing to cross the border at record rates without any COVID vaccine. He is also shipping them across America to a town near you or your hometown, and paying for their hotel rooms so they can infect the rest of us. Yet those who do not want to be forced to get vaccinated (my body, my choice for killing babies, but not getting vaccinated), are considered anti-American murderers. WOW.
 
Biden also pulled off the most stupid foreign policy move since the sentiments of Neville Chamberlain, who wanted to appease Adolf Hitler of all people. Biden says the buck stops with him, yet he blames everyone else for his stupid decision to let the terrorist Taliban walk all over him. He can couch the whole idea that he refused to be that “president” to pass along the Afghanistan civil war to another president, but the fact is he folded like a lawn chair when it came to protecting American interests in Afghanistan. “Oh, the Afghani government wouldn’t let us evacuate early.” C’mon man, grow some courage. You let them have American equipment and weapons without putting up so much as a paper clip as resistance.
 
What about gas prices? Before Biden took office, America was energy independent. Now we are, quite frankly, energy screwed. This joker implements the communist green energy plan without any phase in. Cut the Keystone pipeline and a few thousand jobs and watch gas prices go up 50 cents. And what about all that inflation? Biden economic policies are front and center to people not even wanting to go back to work because of COVID incentives. He is sending jobs back to he and his son’s best friends forever (BFFs), China, and cowering in a corner hoping China doesn’t flex their military muscle on Taiwan. Well, I would hate to be in Taiwan’s shoes right now, given how Biden squished in Afghanistan.
 
Back in 1979, I thought there was no way that any president would be worse than Carter. In the 90’s, I thought Clinton was almost as bad as Carter. In 2007, I was cringing that a Republican possibly could be as bad as Carter. Then we had a Marxist, who really messed things up. Then we had a president that actually did well, but many people didn’t like how he did it. But now. Wow. This Biden guy is every bit as bad or worse than Carter. He is an unmitigated disaster only eight months into his four-year term. Proverbs 18:6 says, “A fool's lips walk into a fight, and his mouth invites a beating.” Trouble is, Americans and the good guys in the world are going to take that beating too. Say it with me…Stupidocrisy.

 


 
Daily Devotion: No Deals with the Devil - by Greg Laurie – www.harvest.org
 
Therefore submit to God. Resist the devil and he will flee from you. — James 4:7
 
https://harvest.org/resources/devotion/no-deals-with-the-devil/ - Listen
 
A bear hunter was walking through the forest one day when he finally found what he was looking for. He got his gun ready, lowered his sights, exhaled, and began to squeeze the trigger when the bear suddenly turned around and said, “Excuse me, but isn’t it better to talk than to shoot?”
 
The hunter, trying to recover from the shock of an animal talking to him, didn’t know what to say.
 
“Can’t we negotiate the matter?” the bear continued. “What is it that you’re looking for?”
 
“I’m looking for a fur coat,” the hunter replied.
 
“Ah!” said the bear. “Well, I’m looking for a full stomach. Let’s have a discussion about it, and perhaps we can reach a compromise.”
 
“All right then,” said the hunter, and the two disappeared into the forest.
 
A while later, the bear came out of the forest alone. Apparently, the negotiations were successful, and everyone got what they wanted. The bear got a full stomach, and the hunter got a fur coat.
 
It’s the same way when you try to strike a deal with the Devil. You’ll always be the loser. That’s why the Bible tells us, “Nor give place to the devil” (Ephesians 4:27 NKJV). The New International Version puts it this way: “Do not give the devil a foothold.”
 
The Devil is evil, the Devil is wicked, and the Devil is cunning. He’s been honing his craft for a long time now. He knows that he cannot bring a believer down in one fell swoop, so he tries to dismantle him or her a little at a time. He does this through his strategic and very effective tool of compromise.
 
Show me a Christian who’s starting to compromise, and I’ll show you a Christian who’s headed toward ruin.
 
So be forewarned: don’t get into deals with the Devil, because you’ll lose every time.

 


 
FROM THE HEART
    
Let Us Make the Short Time We have Left,
Count for ALL of Eternity!

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"Folks, it's all beginning to unravel. America is in more danger of falling than at any time in its history. But I believe Bible prophecy predicts this very decline. From this point on, we believers have to get serious. We are going to face discouragement, disillusionment and, most certainly, persecution in the time between now and the Rapture. But don't be discouraged or disillusioned. The coming turmoil will provide us unrivaled opportunities to share the good news of the Gospel. So be ready to share your faith and your hope with those who need Christ. We still have time to reap a great harvest of souls for God's kingdom!" - Hal Lindsey
 
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2) We need your encouragement!- We need to hear from you, let us know how the Lord is blessing you through this ministry so that we can share it with others.
3) We need your input! - If you have a prophetic article or story or if there is a news related item we missed, let us know.
4) We need your financial support!- To put it quite simply, without your support, there would be no Prophecy Update.
 
I ask that you would prayerfully consider partnering with us to get the Word out and keep the world informed. Remember, your gift, no matter how small, does make a difference! You will be helping to touch lives, around the world, 24 hours a day, seven days a week, thanks to the internet your generosity carries a global impact! - Thanks!
 
Our Prayer for You- "Now he who supplies seed to the sower and bread for food will also supply and increase your store of seed and will enlarge the harvest of your righteousness. You will be made rich in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving to God. This service that you perform is not only supplying the needs of God's people but is also overflowing in many expressions of thanks to God. Because of the service by which you have proved yourselves, men will praise God for the obedience that accompanies your confession of the gospel of Christ, and for your generosity in sharing with them and with everyone else." 2 Corinthians 9:10-13
 
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Prophecy Update
P.O. Box 40516
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We are very pleased to offer all our readers this FREE download on Bible Prophecy from the Evangelical Bible College of Western Australia - Just download and enjoy and be blessed! Feel free to share it with all your friends and family members.
 
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"AS YOU SEE THE DAY APPROACHING"
 
 
 
 
If You Died Today, Would You Go To Heaven?
Find out, visit:
www.thegoodtest.net
www.gotquestions.org
www.wayofthemaster.com 
How to know God
 
 
 
DID YOU KNOW?
You can submit an article, leave a comment or praise report at email:
[email protected]
 
 
Maranatha! (Lord Come Quickly)
 
 "On Christ the Solid Rock I Stand, All other ground is sinking sand."
 
 "Let Us make the short time we have left count for all eternity!"
 
 YBIC-Randy