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)"
"When a man sees himself to be completely lost and ruined, covered with the defilement of sin, with no part free from pollution; when he disclaims all righteousness of his own and pleads guilty before the Lord, then he is clean through the blood of Jesus and the grace of God.
"Hidden, unfelt, unconfessed iniquity is the true leprosy of the soul; but when sin is seen and felt, it has received its deathblow, and the Lord looks with eyes of mercy upon the afflicted soul. Nothing is more deadly than self-righteousness or more hopeful than contrition. We must confess that we are “nothing else but sin,” for no confession short of this will be the whole truth; and if the Holy Spirit is at work in us, convincing us of sin, there will be no difficulty about making such an acknowledgment—it will spring spontaneously from our lips."
Charles Spurgeon on Leviticus 13:13
Yesterday, February 24, was the projected, anticipated but classified D-Day attack on Iran by American air power. But it did not happen.
One possible reason: A week ago, self-described "jerk" Tucker Carlson had the courage to confront his friend Ambassador Mike Huckabee on definitions of Israel's claims to geographic territory. Huckabee insisted that the Bible gave today's secularized, anti-Biblical Israel all the land currently held, and Palestine, and more: all across those current Arab nations stretching from the Nile to the Euphrates.
Is this accurate Biblical theology? No.
Huckabee so angered the nations of the Islamic world that there will now be none of the necessary alliances President Trump needed to wage war against Shia Iran. Huckabee’s statement caused immediate, unified, diplomatic condemnation from many possible wartime allies, including Saudi Arabia, Jordan, and Egypt.
Thank you, Tucker, for asking theological questions.
In Pete Hegseth’s world, generals and admirals are valued by their weight and muscle tone, not their seriousness in defending the Constitution. Personal loyalty to the president with a Ken or Barbie shine trumps courage, competence, and patriotism every day of the week.
Yet, these guys are not responsible for bad sewage design on an aircraft carrier, F-35s that are only operational 35% of the time, a slow, expensive, discombobulated logistics tail for every major American weapons system, or for US foreign policy founded on the nutty idea that we can borrow our way into permanent global dominance. They perpetuate it because, like their predecessors, they are not interested in how the system works, only in how it can work for them.
Dr. Karen Kwiatkowski, Lt. Col., USAF, Ret.
