We explore real-life reformation here in this informed, online community.
Pastor Kevin Swanson makes two good points.
1. American stocks are overvalued.
2. There will be a big correction in 2024.
"Are American stocks overvalued?
The NASDAQ stock index has hit an all-time high, closing Friday at 16,826. That’s up from 1,204 in 2009, a 14-fold increase.
The Dow Jones Industrial Average closed for the year 2023 at 37,690, up from 7,060 in 2009. That’s a 5-fold increase. Meanwhile, almost every other stock market in the world hasn’t come close to these valuations.
WolfStreet.com reports that the Chinese Shanghai composite is still where it was in 2009. Japan’s Nikkei is leveled off where the index stood in 1989. The UK FTSE Index is up about 50% since 2009. Spain’s IBEX index is still where it was sitting in 2009. Canada’s Index is up about 40% from 2008.
Economist predicts 2024 “biggest single crash year in our lifetimes”
Is the American industry really doing 20 to 100 times better than England, China, and Japan?
U.S. economist Harry Dent told Fox Business: “Since 2009, this has been a 100% artificial [economy], with unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. … We’re in a dangerous state. 2024 is going to be the biggest single crash year we’ll see in our lifetimes.”
The economist forecasts an 86% crash in the S&P, a 92% crash in the NASDAQ, 96% for crypto, and significant deflation on housing prices.
But Jesus said, “Take heed and beware of covetousness, for one’s life does not consist in the abundance of the things he possesses.” (Luke 12:15) Our Savior also said, “Lay up for yourselves treasures in Heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” (Matthew 6:19-21)"
They don't unite truth with faith.
"Christians have been duped into being fearful, timid, and neurotic. We walk around as if we are the most ignorant of all people, unable to cope with basic social stigma, even though we’re the only ones who have the Truth, and the Lord Almighty has our backs against anything that would threaten us. Somehow, we can’t seem to bridge the gap between believing the miracles and promises we read in the Bible and applying it real life; thus making it an empty “religion” rather than an explosive, reality-shattering revelation about how everything truly works."
-- Terry Wolfe
Sadly, Europe appears to be pursuing the worst lessons of appeasement: the dangerous illusion is that you can temper a ravenous aggressor by conciliation, weakness and generosity. The aggressor immediately sees that the best route for him is to demand more. The cycle becomes self-reinforcing.
By treating the Iranian regime as a legitimate negotiating partner — and by discounting the moral and strategic gulf that separates it from liberal democracies — Europe is bankrolling the terrorism industry.
--Majid Rafizadeh
The history of the welfare state is the history of the state's savage war of aggrandizement and seizure of authority against civil society. Whether in Germany, in the United Kingdom, in Australia, in Canada, in Scandinavia, or in the United States, the coercive state systematically destroyed the "voluntary sector" of civil society and those intermediary institutions that protected the individual from the direct contact and control by the state [much as the Church did for nearly all of the previous two millennia]. Within the short space of two or three decades the protective sphere covered by workingmen's social and other fraternal duties had been stripped to nothing more than drinking associations, with all other matters taken over by the state apparatus. Henceforth, the workingman and much of the middle class reported directly to the bureaucracy of the state's intrusive regime. Everything they did was in some way or another regulated, regimented and overseen by the state. The dire effects ...
