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05 Weeping Merchants: The Final Economic Collapse

Alistair Huong
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Prognosticators both in and out of the church seem to predict an apocalyptic financial collapse every time there are market uncertainties. Does the Bible have anything to say about this? This seminar investigates the prophecies of Revelation to discover when the final economic collapse will take place and the conditions that lead up to it. It may not be what many people are expecting.


Alistair Huong

Executive Director of AudioVerse



  • June 24, 2021
    3:30 PM
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In you are about to enjoy a presentation recorded at the 2021 michigan conference camp meeting held at cedar lake michigan. We pray that the Lord will bless you as you listen father and heaven. We thank you for bringing us safely together again this afternoon. How quickly this week has gone the blessings that we have received. We are thankful for your present fondness campground, and we pray once more for the holy spirit to be our teacher and our guide this hour as we contemplate prophecy and its relevance and application to some of the more financial aspects of our life. I pray you will open our eyes and help us to be faithful to obey and to be faithful until you come reprint, jesus name a man. All right, we're into our 2nd half of the week and we are going to be taking a dive into prophecy. Again, this afternoon, and if you haven't noticed yesterday, the title of the message was, when do we sell everything today, the question is about the final economic crisis. These topics really came out of frequently asked questions that I would receive in the course of doing financial seminars and counseling and talking with people. And so this, today we're going to be answering another question at least, studying to, to try to find the answer. What is this whole thing about the economic class that we keep hearing about? But before we go any further, i have to make my little blog. I have my saving the crumbs blog. You can find more information about personal finance there and also audio verse. Yesterday I mentioned the last the events explain series by dr. Norman mcnulty. I think it's still relevant to mentioned that in case you want to get an overview on last the events. But when it comes to economic and end time prognostications, it seems that there is frequently an association or an assumption that the end of time is going to come along side or is synonymous with some sort of market christ. Am I off base and saying that this is kind of like the unspoken feeling we all have. Right? It's like whenever the Mark a stock market crash, right? I still remember 2008. There were people declaring this is that this is the end of the world. And every time that there are gyrations in the economy and certainly coven 19 is one of the biggest ones in recent memory. Again, there is this automatic, almost knee jerk reaction. Like we're coming up on the end of time and prophetically, there's gotta be some relationship, right? At least that's what we think. So I don't want to just go off of these gut feelings. I don't want to just go off of what is, you know, perhaps a common narrative that is just accept it. I want actually know what the bible says. But before we go there, I do want to take a look at a little bit of market data because you, as I had just mentioned every time that there is a stock market crash, there is some one heralding the end of the world. And it doesn't have to even be in the church if you just pay attention to cnbc or bloomberg magazine or just some youtube guy talking about finance. There's gotta be some one thing. This is the big one. This is the final crash and civilization as we know it is going to be over. So on the screen there you see a 90 year stock market chart. And I need to make this disclaimer. This chart is what's called a long log rhythmic graph. Meaning as you go higher in the graph, it is an exponential graph. So it looks like a straight line, but if it were on a linear graph, it would be actually a hockey stick, growing exponentially. But anyway, that's the only way to make it look reasonable on a small screen. But I have circled on the screen 3 of the biggest market collapses that we've had in the last 90 years. The 1st one on the far left is of course the great depression in 1929. The next one is 2008. The housing crisis. 2008. And then the covert crash last year. In 2020. Is it just my eyes or does it look like the stock market has just gone up the whole 90 years? Now, I'm not here making any type of financial giving financial advice, investment advice? Now that's not what I'm talking about at all. What I'm trying to say is that 100 percent of any time prognosticator is predicting the end of the world based on market movements have been wrong. 0 of then have been right. And that's including you got to remember these 90 years. What did it include? We had, we had all of not only these catastrophic financial crisis, we had 2 world wars, and many other wars, like the cold war and vietnam and korean war, golf war, we have countless natural disasters. We had now coven 19. And yet through it all, and of course we had presidents of, you know, both parties back and forth. And every time there's an election, somebody says, this is going to be the end of the republic. And, you know, this is just how it goes. But yet, the market has just continued to March in one direction and it's been up. So what I'm trying to say very simply, the stock market is a terrible predictor of the end of the world. 30 plus crashes since 19001000 of them have corresponded with the end of time. And, you know, as they say, even a broken clock is right twice a day. Sooner or later, someone's going to be right and it will be the last one. But the point i'm trying to say here is that it is a dub, extremely difficult dilemma. It's a double dilemma, actually, to try to base our prophetic interpretation or predictions on market movements. There is a saying that goes something like this. It is difficult to make predictions, especially about the future, and is doubly difficult to predict which is the final market crash because not only do you have to predict when the next crash is, you have to be able to predict that that next one will be the last one, there's gotta be 2 steps here and just think about it. We have wall Street and all of the financial centers in the whole world, controlling trillions of hundreds of trillions of dollars. And every single one of those firms and banks and investment firms and houses, they all would like to be able to predict when the next market crash is going to be don't you think there are hundreds of trillions of dollars at stake here? And nobody is able to do it, even the claimed investor, warren buffet himself, will tell you he has no idea what the market is going to do in the future. And he is one of the greatest investors of all time. And so why this is the question, why? Of all people on the face of the planet do the 7th day adventists fall for the cnbc talking head, want to be financial profits. Why do we actually pay any attention to these people on network t, v or whatever else on YouTube and social media trying to make their financial predictions? We have something far more reliable than financial prognosticators, economists or stock analysts. Somebody should have said a man to that. And what do we have? We have the bible and this is an important principle to remember when it comes to the end time. And I might add, this is not just for the economic news, it might even apply to maybe even some of the other current events that are going on in our day. We ought to remember to filter the news through the bible and not the bible through the new. You get what I'm trying to say. This is a herman nicole principle, a principle of sound prophetic and interpretation. The bible is the standard by which we measure everything else. So now, having given you that little preamble, what does the bible have to say about end time economics? So we're going to look at 3 points at the, the onset here. And the 1st thing the bible tells us is that there will be economic activity until the very end. How do I know that jesus himself says, and luc, 17 verse 20 to 30. Likewise, also, as it was in the days of lot they did eat, they drank, they bought, they sold, they planted, they build it. That sounds like economic activity to me. But the same day that lot went out of sodom. It rained, fire and brimstone from heaven and destroyed them all even us, shall it be in the day when the son of man is reveal. We've all read diverse before there will be some level of economic activity in the world when jesus comes. Now, the next statement comes from last, the events and I must confess, i hesitated to include this statement and I think you know why, because I don't fully, i cannot say with certainty, but I fully understand what this is referring to. But I think it gives us enough to go off of for the purpose of our presentation is that christ declared last. The events page 76, christ declared that when he comp some of his waiting people will be engaged in business transactions. Some will be sewing in the field of those reaping and gathering in the harvest and others grinding at the mill. It is not god's will that his elect shall abandon lives, duties and responsibilities, and give themselves up to idol contemplation, living in a religious dream. We talked about yesterday how there is a time when the St to let loose all of their assets. And so how does that harmonize with this idea of engage in business transactions? The best I can come up with at this point is that doesn't necessarily mean engagement with the world wide financial markets. Business transactions. It's talking about agricultural type work. There might be some, you know, ah transaction between people who are waiting for the Lord to come during that time perhaps. But the point of this statement is the point that I'm trying to make here is that there will be some form of economic activity until the very end. So if we are expecting some sort of nuclear, holocaust waste land disturbance future. Whereas just like desert right, with the whole plan, it's going to look like the surface of mars before jesus comes. That's not biblical, right? If that's what we think we've been watching too many science fiction movies. But the bible says there will be economic activity until the very end. However, point number 2, this is related to our topic yesterday. There will be worldwide economic sanctions placed on those refuse the Mark of the beast and we know this statement. Well, revelation 1317 that No man might buyer sell, save. He had the Mark or the name of the beast, or the number of his name. And if you think about it stands to reason that this punishment the economic sanctions of no buying or selling only makes sense if there is still an economy functioning in some manner. Or else if everybody is not buying or selling, then what's the point of telling a certain group of people that they can't buy or sell? Right? And point number 3 very will indeed be a worldwide financial of war. What final i should say, final economic collapse before jesus comes. Now wait a minute, it seems kind of contradictory. On one hand, we're saying that there will be some economic activity going on. And then on the other hand, there is still going to be an economic collapse. We need to define our terms just a little bit. And I think particularly after the past year that we have gone through with cove it we have, we're all better equipped to understand what I'm about to say. Just because we go through a global economic collapse or crisis. It doesn't mean that the planet is going to stop working, doesn't mean that there's going to be no economic activity whatsoever, or that people are all of a sudden going to no longer trade with one another. In the past year country, you hear it in the news all the time, countries have of their own volition chosen to destroy their economy. We had and we are still living through a market crisis. Economic collapse is actually not too strong of a term. But how we still had economic activity going on. Sure. But the world, nevertheless, is in a very different state than prior to cove it. So of course cove, it is only a prelude and what we are going about to look at in scripture is going to be far more severe than that. But the illustration is simply that when we talk about a final economic collapse, it does not necessarily mean that there can be no more commerce, no more travel, no more transportation, no more trade whatsoever. It's just going to be severely disrupted. And in a manner that really is a crisis situation. And so I asserted here, point 3, that there will be a worldwide final economic collapse before jesus comes. How do I substantiate this from scripture? Let's take a look. And revelation chapter 18. We're going to read a number of passages here. So let's go through it 1st verse 9 and 10 says, and the kings of the earth who have committed for an occasion and live deliciously with her speaking. A babbling the harlot shall bewail her and lament for her, and when they shall see the smoke of her burning, standing afar off for the fear of her torment. Seeing, alas, alas, that great city babbling, bag or city for in one hour, is the judgment come. Skipping down verse 11 and the verse 15 and 16 and the merchants of the earth shall weep and mourn over her for no man biased their merchandise any more. That sounds like a market collapse, no more trading for the merchants of the earth. The merchants of the things which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing and seeing, alas, alas, that great city that was close and fine linen and purple and scarlet, and decked with golden precious stones and pearls. For in one hour, so great riches is come to knock and every ship master and all the company and ships and sailors. And as many as trade by sea stood afar off and cried when they saw the smoke of her burning saying, what city is like unto this great city. And they cast dust on their heads and cried, weeping and wailing thing. Alas alas, that great city, wherein were made rich, all that has ships in the sea by reason of her kathleen, us, for in one hour is she made desolate? Do you see a financial collapse described in these verses? We see both final judgment on babylon, the harlots and caught in the wake of the judgment that are poured out by god onto babylon. Trade is disrupted the the traitors by sea. We read here there weeping. The merchants of the earth, their weeping because no one buys from them any more. That is the final economic class. And it corresponds with the judgment and destruction of babylon, soul. As good bible students less ask our bible questions, what causes this collapse, or what causes the judgments upon babylon? Going back to the beginning of the chapter, we're in revolution chapter 18 versus one through 3. Babylon has fallen as follows. For all nations have drunk of the wine of the wrath of her for an occasion, and the kings of the earth have committed for an occasion with her. And the merchants of the earth are waxed rich, through the abundance of delicacy. Revelation 18 paints and end time picture of an illicit union. That's what foreign cation is talking about. It was a union between the kings of the earth, which represent the political powers having an illicit union with this harlot, or a corrupted church. As a woman, as the the prostitute is represented in bible prophecy. But notice is not just a church state union between the kings and the woman. Who else is in bed with the, with that the merchant, the economic powers of the world. And you got to understand for us is almost 2nd nature. Now, when we look at who really holds the power, it's not just the states and the governments anymore. Corporations now have as much wealth and control as even the statesmen who supposedly makes the laws to regulate them. We just have to look in big tech and the information technology companies that control all of the flow of information around the world. We understand prophetically speaking, those merchants, those corporations, and those economic powers, they will play a part in the final movements. They also will commit for an occasion with babylon. More on that in a moment. But let's continue reading what causes the collapse. So we see that they're all sort of joined together at the end times, verse $4.00 and $5.00 says come out of her, my people that you'd be not partakers ever since that you received. Not of her plagues for her sins have reached unto heaven. And God had remembered her iniquity, that's a key phrase her sins have reach unto, haven't keep that in mind. Verse 8, the revelation 800 says, therefore, so what? Therefore what, therefore, therefore, because her since have reached unto heaven, therefore, shall her plague come in one day. This is talking about the 7 last plagues. Death and morning and famine shall be utterly burned with fire. For strong is the Lord God who judges her. So what causes the collapse of not just the world economy, but the destruction of babylon. The final economic collapse happens when babylon sins reach under heaven and god's judgments in the form of the plagues fall on her. And the king's meaning, the political powers and the merchants, the economic powers are wiped out because they have fornicator themselves with babylon. You see the picture. That's revelation 18 in a nutshell. So this begs the quest when do her sins? region to heaven. Right? Because that's the trigger, you caught that they're joining together and the listed union. But there is a trigger by which the judgements begin to fall from god. So when do our sins reach heaven? Well guess what? ellen white asked that exact question in this quote last the events page 98198, excuse me. When do her sins reach out to heaven quoting revelation 802 through 5. When the law of god is finally made void by legislation. There it is. Last events, page 134. It is at the time of the National apostasy. When acting on the policy of satan, the rulers of the land will rank themselves on the side of the man of sin. It is then the measure of guilt is full. The National apostasy is the signal for national ruin. For those of you who are here yesterday, that should be similar to what we read of similar quote. It should be familiar to you. National apostasy. When the law of god is made void by legislation, what event and prophetic history are we referring to? That's the sunday law. And the National apostasy is the signal for national ruin. And so the National ruin we discussed briefly yesterday include the final economic collapse. So why have we seen the global powers of the state and the economy joined together in an illicit union with babylon that harlot, the corrupted church. And together, they are going to make void the law of god through legislation. That's the sunday law. And that brings the fullness of their guilt, their sins region to heaven. And at that point, god pours out his judgments in the plagues. And that is when the economic collapse happens. So what does this mean? What this means is that the final economic collapse, spoken of in prophecy is not a sign of the sunday law, but rather a result of it. Okay, is that clear how we arrived at that conclusion through a study of revolution chapter 18? All right, so I guess that's the end of our study. No. Just ok. I hope that's been clear. So this has, there are several implications that to this. This means we should not expect the final, the still be in crisis. You know, level market collapse before the sunday law, but neither should this put us, you know, on guard. Should there be market crises and crashes before the sunday law? Right, so what I'm trying to say is that just because revelation 18 describes the final collapse and it happens to be after the sunday law when the 7 last flicker follow. That does not mean that it is not possible for there to be other market collapses. Before that, those just won't be the last one. You understand what I'm saying? You talk to any economists and they will tell you that there will be, should time last, there will be more market crashes. That's just a fact of, you know, the market cycles and, and what happens in a free market economy. So the next question here that I want to ask is, can we better understand some of the economic signs of the times just like we asked yesterday, can we know with a bit more precision then what actually should we expect to see in the financial world that will lead into the final crisis. We don't want to set time. We know we're not going to be able to pinpoint with Precision exactly when what is going to happen. But can we know that we're headed the right direction and the season in which we are living there? So today we're going to take a look at for sign. Ok for signs from inspiration. That helps us get an idea where we're headed. Right? And the 1st one, and we're going to be doing that for the balance of our time together. So the 1st one of these economic fines of the times is globalism. As a precursor to the universal fund, a lot. We discussed yesterday briefly this idea of a universal sunday law generally when we talk about a Sunday law. And this is particularly the case for us here in the United States. When we say the sunday law, we assume it is an american law. Is not true. In fact, most adventists around the World because I've done a fair bit of speaking internationally, everybody talks about the National sunday law and everyone's eyes are fixated on america. And that's because of revelation. Chapter 13 the beast with 2 horns. Speaking of the dragon, yes, we know that, but, but we know that the final events is going to engulf the whole world. It's not just going to be this country. And there are statements which we're going to look at in a moment that show us clearly that the sunday law eventually goes around the world. How does that happen? And relating also to our talk yesterday, that's when we move into the severe phase of the sunday law. But how do I, why and what's the globalism thing? So let's take a look at the bible revolution. 18 verse 3. Is that the kings of the earth have come in a foreign occasion with her, and the merchants of the earth are waxed rich through the abundance of her delicacy. So it's talking about global political powers and global economic powers joining up with babylon, the harlot. So there is a global movement is not just in one country revolution, chapter 17 verse 12 and 13. It talks about the 10 horns, and I know where I'm not going to get to all the weeds with revolution. Chapter 17. But as the beast was 7 heads, 10 horns on which the harlot rides and the 10 horns which thou sawest are 10 kinks which have received no kingdom as yet but receive power of kings one hour with the beast. These have one mind and she'll give their power and strength unto the beef. So revelation chapter 17 paints a picture. 10 kings. The number 10 also represents a global type of feeling, right? A collection of kings around the World, they're going to lend their power to the B for one hour. That sounds like globalism. And I have to interject this a bit, tongue in cheek. When we preach about daniel chapter 2 and the toes of the image. You know that you know what, I'm talking about the iron mixed with clay. Don't we always say the king? No. No, never come together. They will never unite. Technicality ok. Mild technicality. I'm not. I'm not throwing all of our evangelists under the bus. I present myself. Religion chapter 17 actually tells us there actually will be a short time at the very end in which the 10 kings do unify. Ok. They do unify when the whole world wonders out of the beef. That's a global, a type of movement. Let's continue revolution. 13 verse 14 said to them that dwell on the earth that they should make an image to the beast. Ok. It's a worldwide type of language. Revelation 131617. And he causes all everywhere in the world, both small and great, poor, rich and poor, free and bound to receive a mark in the right hand or in their forehead. And that No man might buy or sell, save, he had the Mark or the name of the beast or the number of his name. Again, it is a global coalition that enables a universal sunday law around the world. Let's see what the spirit of prophecy has to say about this last events. Page $135.00 foreign nations will follow the example of the United States, though she leads out, yet the same crisis will come upon our people in all parts of the world. There it is. It's not just in the United States, other countries. And this next statement and testimonies for the church, boy 5 is to 12, is interesting to me. Notice what it says. The decree has been passed by the highest earthly authority that they shall worship the beast and receive his mark under pain of persecution and death. May god help his people now, for what can they do in such a fearful conflict without his exist assistance, what is the highest earthly authority? If we are to think about it today, I think I would think maybe it's the United States government. But in light of what we have discussed, if this is going to be an authority, has global authority, which is what we're talking about. It may yet, it may be yet to be seen. What exactly that authority is. But if I may surmise a little bit sounds like a trans national entity that has authority across borders and across sovereign nation. Why I say that is going to be relevant and just a moment. But to summarize what we've looked at so far, one of the economic signs of the times is that the political and economic powers of the world will unite in the times. It is the centralization of power that enables the globally coordinated sunday legislation and resulting sanctions upon god's people. That's the point. But let's take a look at what the merchants of the world today are actually saying klaus schwab, the director of the world economic forum, wrote this last year at the, at the peak of pandemic. In June of 2020. He says to achieve a better outcome, the world must act, jointly and swiftly to revamp all aspects of our societies in economy, from education to social contract and working conditions. Every country from the United States to china must participate in every industry from oil and gas to tech must be transformed in short, we need a great reset of capitalism. The sound a little bit like the king of the earth and the merchants of the earth banding together, doesn't it? But of course not to be outdone. Pope francis has a word to say about this topic in a speech to the pontifical academy. His speech is entitled nation state, nation state, interesting title. He says this, the and this was, I believe, also last year, the year before. I don't quote me on that, but there is a link there. If you want to look it up. The nation state cannot be considered as an absolute, as an island in relation to its surroundings. In the current situation of globalism, not only of economy, but also technological and cultural exchanges, the nation state is no longer able to procure by itself the common good for its population. The common good has become global, and nations must associate for their own benefit. What kind of association does the pope suggest? notice what he says when a super national common good is clearly identified, there is need for a special, legally constituted authority capable of facilitating its implementation. Notice remember, sister wife's counsel, the highest authority in the world makes the decree about the final punishment in the market to be crisis. And what does the pope suggest? And notice he says, think of the great contemporary challenges of climate change, new slavery and peace. Remember, remember, those particular climate change will come back to that continuing in the same state and the same species set. While, according to the principle of subsidiary, individual nations must be given the power to operate as far as they can reach. On the other hand, groups of neighboring nations, as is already the case, can strengthen their cooperation by notice, carefully attributing the exercise of certain functions and services to inter governmental institutions that manage their common interests. What does the pope saying? The pope is advancing the notion that nation states should our 4th key aspects of administration of some of their core function for the benefit of the population to quote unquote, inter governmental institution that presumably sit outside and above the individual nation. I don't know about you, but this sounds a whole lot like revelation chapter 17 and 18. To me. Collections of economic powers and political powers. Foreign kidding themselves with an inter governmental agency that somehow has the moral authority to say, what is the common good for all nations, sister? Why rights and bible commentary? volume 79. 77 human enactment and laws manufactured by us. The tenant agencies, under a plea of goodness and restriction of evil, will be exalted while god's holy commandments are despised and trampled underfoot and all who prove their loyalty by obedience to the law, jehovah must be prepared to be arrested to be brought before counsels that have not for their standard, the high in holy law of god. We should be prepared that the movements to set the stage to put the dominoes in place for the final crisis are all going to be done under the guise of positive change for goodness, for morality, for restriction of evil. That's what we read. And that's precisely what we see happening in the world right now. So that's the 1st economic find. Globalism is a precursor to the universal global sunday law. Number 2, natural disasters create economic and political consequences. Man author, page 176, as men depart further and further from god. Satan is permitted to have power over the children of disobedience. He hurled destruction among men. There is calamity by land and sea property and life are destroyed by fire and flood. Ever heard about wildfires recently? My family on both sides, my wife and my parents live in California. We hear by fires all the time. What about flooding? hurricane flooding. Yes, all the time. Satan resolved to charge this upon those who refused about the idol, which he has set up as angels or his ancient agents rather point to 7th avenue as the cause of the trouble. These people stand out in defiance of law. They say they desecrate sunday, where they compelled to obey the law for sunday of their there'll be a cessation of the terrible judgments when the why it talks about natural disaster is we can just sort of substitute that because we have another term for that in our modern day vernacular don't wait. It's called climate change. It's the term, it's just another thing, another term to say the same thing. And we look at that when we look at this property in life or destroyed massive destruction, we understand there will be economic consequences. You remember there was a ship that got stuck in the suez canal not long ago. Something like 12 percent of global trade was brought to a halt because of that one ship getting stuck in that one channel. One can now imagine if whole cities are wiped out, whole trade routes are rendered unusable. Supply chains are being completely crippled. We're beginning to see a little bit of that because of coven and things of that nature. But the more relevant point I want to bring out is that based on the statement these natural disasters lead to legislation, it leads to political action. Continuing, last events, page $111.00, the end of near and every city is to be turned upside down. They'll be confusion in every city. Everything that can be shaken is to be shaken and we do not know what will come next. The judgments will be according to the wickedness of the people in the light of truth that they have had. Oh that god's people had a sense of impending destruction of thousands. The cities now almost given to adultery. The time is near when large cities will be swept away and all should be warned of these coming judgment. This, this level of destruction. You think it's gonna have some economic ramifications? Yes. But more than that, if we know anything that we know one thing is that the way to get legislators and politicians to actually take things seriously is what does that konami trouble when people of pocket books are affected? All of a sudden things can happen quite quickly. And notice large cities be swept away. Keep that in mind. All right, as we take a look at this article that just came out, it was on June 2 of 2021. Fantastic american reporting on a new research. It says hurricane friend, $32000000.00 us homes, and the at risk properties have a combined value of $8.00 trillion dollars. This is along the Gulf coast in Atlanta coast. That sounds kinda like whole cities to me, that amount of money and a point, $5.00 trillion dollars actually looked it up. It is a value greater than the whole of the hong kong and the frankfurt stock exchange combined. Right. So there's a lot of money we're talking about, but what this article actually say, climate change and development patterns are increasing the potential for property damage. Damage as hurricanes generate more lands rainfall and sea levels rise in testifying storm surge sensed and intensifying storm search. $51008.00 weather related losses in the US have increased by between 70 to 90 percent each decade. Corelogic set. And this trend isn't flowing. The report such as climate change continues to reshape the way storms to behave. The risk in these hurricane prone areas will continue to increase. So that's a point 5 trillion dollars that they say is at risk from hurricanes just in the United States alone. It's going to go up. The reading between the lines are saying it's been going up 70 to 90 percent every decade. That's a lot of economic value at risk. And if the storms continue to batter, the cities and people start wondering why is that the case? People are going to start looking for answers and again, pope france is ready to stand in the gap. He has something to say about this in a speech on earth day, just this year. In April 2021. He said both the global catastrophes cove id and climate change prove that we do not have time to wait. Francis said and a pre recorded video for earth a live time urges us. And as cobra, 1900 demonstrated, we do have the tools to face the law. We have the instrument, this is the moment to act. We are at the edge and what are the tools that he's proposing? He already talked about in the previous speech, we read the globalization of the world powers under this external inter governmental power. Things are pointing the same direction. So that's fine. Number 2, side number 3. Inflation. However, have anyone heard of the word inflation recently in the news? sister white has something to say about this. Believe it or not me or not the page 181. The Lord has shown me that some of his children would fear when they see the price of food rising and they would buy food and lay it up by a laid by for the time of troll. Then in time of need, I saw them go to their food and look at it and they had bread worms and was full of living creatures and not fit for youth. Now the main point of this statement really is to say what we discussed earlier. God will provide for us in the time of trouble. We don't need to fear that's the. So it's a positive statement. But at the beginning, she mentions incidentally the condition of the world before the time of trouble. And it says, the price of food is rising and is rising as such a rate that even some of god's children panic and feel the need to stockpile. You see, you see where I'm getting this from the statement that's talking about inflation. Let's take a look at a few headlines in the past 2 months. The, all of these headlines are from April and may and June of this year. Consumer prices jump 5 percent in May, fastest pace since the summer of 2008. Lumber prices are up to 132 percent and aspire out of control and the next few months. As corn prices rise, food costs could follow. As copper hits a decade, high trader share with a knock on a share with a knock on effect could be for the economy, global food prices search the highest level in a decade. And the last one I have a 3 month old baby, you know, this one caught my attention. Millions of americans are about to get hit with a diaper sticker shock. Reversed stock up on for diapers in our house, maybe. And yes, I understand some of these things might be transient. A lot of economists are saying this is temporary, a transitory is transient. Maybe. So these are some of the exact numbers. The cpi standing for the consumer price index rose to 5 percent for the previous 12 months in May. That's the highest of 2008. And just for reference, the federal reserve tried to target the inflation rate to be 2 percent were more than double that now. Gasoline was up almost 50 percent. I don't think I need to tell you that you've been to the gas pump recently. Natural gas is up 12 percent used cars. I know someone mentioned this the other day when we're talking about cars of 21 percent. Copper up 27 percent lumber of $200.00. 32 percent corn is up 50. Percent diapers is up almost 9 percent and food globally is up 40 percent. Historically the annual rate of inflation in the United States in the past century. So it's about 3.25 percent. The fed has targeted 2 percent of the healthy rate of inflation. We've been well under 2 percent for a long time, and all of a sudden we have a surge in inflation for l pacing the feds target and actually federal reserve german jerome pal, just last week said hey, inflation is happening a little bit faster than we thought so he already announced a plan on raising interest rates in 2023. Previously, it was indefinitely in the future. Now they have a date within the next 2 years, they're going to start raising interest rates. Now, I need to be careful. Just like I was saying earlier, is difficult to make predictions, especially for the future. This is still the case. I'm merely sharing with you, descriptive information of what is actually happening in our world today. I don't know what the future is going to hold, will inflation continue to go up? Maybe. Will it go down? Maybe I'm not trying to predict, but simply to say that we have been told that inflation will be one of the economic signs of the times. And a lot of people in the professional class, the leads, if you will, the economists and the mainstream media they, there's been a lot of talk that this is transitory. But there are also those who have fears. And the 2 biggest fears is stagflation or hyperinflation. Now, what are these big worth? stagflation is when there are high rates of inflation also with high interest rates, coupled with high unemployment and a weak economy. The U. S. Went through this in the 1970. It was before I was born, but I did read up a little bit about it and it was up to 12 percent of inflation in a year up to 20 percent interest rate. This was the time when mortgage interest was you know, above 10 percent. It was, you know, people now look at 2 percent mortgage rates and think can never go up, up to 9 percent unemployment and negative g D p. And the problem or the, the, the real danger is if stack lation transitions into hyperinflation, which is runaway uncontrolled inflation. An exact number. They say when inflation is over a 1000 percent per year. And whenever that has happened had resulted in the collapse of civilization. The collapse of the roman empire, the why mar republic in germany after world war one. And the rise of hitler was related with that zimbabwe, venezuela. There are other countries. But whenever there is hyperinflation, there is no coming back from that is what history tells us. And interestingly enough, what about the great depression and the great recession in 2008? Neither of those were hyperinflation or stack place, and those are actual deflationary recession, meaning prices crashed, right? housing prices went down during the great recession. The bubble burst and prices drop. But stagflation is kind of the worst of both world. Prices are going up and up and up and up. But the economy is weak. There's low unemployment and interest rates are high. So what are the causes for stagflation and hyperinflation? Well, here are some of the causes and I have some links below for where I reference these the policy. There are 2 policy issues and the to market forces policy expanding money, supply money printing. In other words, is one major cause of inflation. Policy, constricting economic output, which is higher taxes or higher interest rate? Those things constrict, economic output that causes inflation cost push inflation. Happ can also be the cause where input cost or the raw material, the labor is more expensive and so it pushes prices up or demand pull. Inflation is simply when there is a supply demand imbalance. There is more demand than their supply. Basic economic supply about supply and demand they, they, they are in sync with each other. And if you have too many dollars chasing too many goods, the price goes up. So let's talk about this. You know, each of these points just real quickly. Money printing, 1st of all, have you heard the money printer going off recently? 25 percent of the total money supply in the United States was printed just last year alone, 25 percent. And you can look at the, the, the hockey stick there in 2020, just shot straight up. And you notice you remember in 2008, I'm old enough to remember when with breathless anxiety, the talking heads on TV, we're talking about quantitative easing and money printing is like there's going to be hyper inflation is going to be the end of the world right, just like we were saying earlier, it brings eyeballs in cliques. Do you know how much money we printed in 2008, 2009. It was about $7800000000000.00. In 2020, we printed 9 trillion dollars. And we're still going that was 11 times the amount in 2008. This is unprecedented money printing in the United States. And so the 10 trillion dollar question is how will this? And I'm not an economist, nor the son of an economist. So don't ask me, but I have history to look back on and it rarely ends. What about cost push and demand poll inflation? Are we in a situation where this is at risk? While we've had stimulus money, or helicopter money dropped on the population, as is sometimes called an economic circles, and increases costs are a consumer demand. We put money in people's pockets so they can spend. So there's increased demand, however high I unemployment decreases to supply and increases the labor costs. These things are pushing an opposite direction, locked down the supply chain. Disruptions further inhibit supply and increases input costs and then taxes, and increased taxes and increase interest rates. Further reduce productivity and increases the costs of doing business. So too many dollars chasing to few goods lead to price increases. I don't know about you, but it seems covert has put us in a tough quandary. The money printer is going okay. We're putting out stimulus that's driving up demand, but then we're not actually keeping up in productivity. And I know in preparation for that I was reading all sorts of sources and everybody says stack question will never happen again. It can't happen again. But then cove, it happened and I'm not sure who to believe anymore. Perhaps all these talking heads are right. Maybe it will be transitory. Maybe this will be nothing may be. But what we are going through is unprecedented. And I just be cautious, trusting anyone who speaks with too much certainty about such things. Making predictions is difficult, especially about the future. However, history doesn't appear to be on their side. James 5 tells us go to now you richman, weep, and how for your miseries. I shall come upon you, your riches are corrupted, and your garments are moth eaten. Your golden silver is captured, and the rest of them shall be a witness against you and show your flesh as it were. Fire ye have heap treasure together for the last days. Simply put, money will lose its value at the end times. That's what the bible tells us. And inflation is one sure way to make that happen. Kit point for the final economic fine I want to share to day severe wealth inequality, create societal unrest. In the book education page 228, it says at the same time anarchy is seeking to sweep away all law, not only divine but human, the centralization of wealth and power, the vast combination for enriching of the few at the expense of the many. The combinations of the poorer classes for the defense of their interests and claims, the spirit of unrest of Ryan and bloodshed, the worldwide dissemination of the same teachings that led to the french revolution, all are tending to involve the whole world in a struggle. Similar to that which convulsed france, do we see wealth inequality? And also, what is interesting is that the spirit of prophecy blends this class warfare dynamic with the ideology that led to the french revolution. There is a correlation between the thing we're told in the spirit or prop, but somehow the 8th be a stick ideology. And we read about the beast from the bottomless pit and revolution, chapter 11. Referring to the french revolution that a theistic ideology, somehow married together and blended with this class warfare, this unrest between the wealthy and the poor is going to be some thing to expect at the end of time. I don't have the quote in here, but you can look it up last the events pastor, philip mills, he's back there somewhere. He shared with me yesterday, last events, page 95. It actually tells us that the events of revolution, chapter 11, talking about the french revolution will be repeated in our cities. The french revolution will occur again. And somehow it has to do with wealth inequality, mary. Together with this radical a theistic ideology that formed the basis of the french revolution. And later on was the breeding ground for marxism and the you know, The ideologies that flow from that manuscript, releases, voice, release, volume 5, page 3. 05 also says this in India or in India, china, russia, and the cities of America. Thousands of men and women are dying of starvation. The money meant because they have the power control the market. So there are some market manipulation also going on from the big players in the economy. They purchase a low rates, all they can and they, and then sell a greatly increased increase prices. So there's inflation again, increase the price. This means starvation to the poor classes and result in a civil war. There will be a time of trouble such as never was since there was a nation, and at that time, shall michael stand up. So all of these things, what we're seeing, the unrest in society, the, the class warfare, this radical ideology that somehow the fuel of this type of civil war behavior with the, you know, crack the inflation in the marketplace. What does lead to it leads further to the impetus for some global authority to clam down and to bring peace and prosperity and safety and order again. So let's summarize what we've talked about. Natural disasters. High rates of inflation and economic and societal instability will form the pretext for the kings and merchants of the earth to pursue means of enforcing order. The secular powers will seek to accomplish this through a global coalition with each other and a union with the religious power of babylon. This is the foreign occasion that we read about in revolution chapter 18. Eventually, this power will turn to enacting religious legislation. And what begins as a national sunday law in the United States will become a universal sunday law around the World, which will include coordinated economic sanctions on god's people. This act may appear to bring about peace and safety for a time. But it causes babylon sins to reach unto heaven, triggering god's judgments in the 7 last play. Some level of economic activity will continue through all but babylon and the wealth and help generate for the kings and merchants of the earth will be destroyed in god's final judgments. And the final economic class will occur at that time, shortly before jesus 2nd coming. That's the summary of our bible study. And so that leaves us with the question, what should we do now? The answer is occupy till he comes. And that is the title of our message to morrow or final session together, we're going to synthesize what we've discussed today and yesterday, and also a number of principles from throughout the early part of this week. And we're going to bring it all together. What do we do in light of what we've talked about in light of what the final crisis is shaping up to be and the nearness of jesus 2nd coming. So our time is almost up. So let's bow our heads and conclude at this time. Father in heaven, we thank you for promptly the more sure word of prophecy and that lord, we pray that you might help us to be diligent students to think not as the world thinks to view the events around us through the lens of the inspired commentary and not to filter the interpretation in the narrative that we hear outside and in society, back into our scripture interpretations help us to be firmly rooted and grounded in a clear. Thus sayeth the Lord. I pray, lord, that we might be faithful with our dollars incense, but also in our service for you. As we think about these things that are coming upon the world, it's easy to become unnerved, to be worried and anxious. The Lord we serve a god who is more powerful than the enemy. And may we be faithful to keep our hand in yours? Do not wander into our the works of our own devising me. We humbly surrender our wills into your care and maybe obey what you clearly revealed to us. So please be with us today and the remainder of this camp meeting and guide us. We asked in jesus name him To listen to more of these presentations. You may visit the audio archives at M, I S T A dot org slash audio 2021 or search for michigan conference camp meeting wherever you get your podcast.


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