Experts predict that a major market correction is coming soon, and the world’s debt bubble will implode! They say it could blow at any time now, and when it does, it could obliterate $15 to $20 trillion of this country’s household net worth. The Federal Reserve has injected $3.5 trillion of freshly printed money into the Wall Street casino during the last 84 months, where it has been spent and re-spent over and over by the traders and gamblers there.
The Bank of Japan has tried to print its way out of debt, as well as European Central Banks, and China and Russia have followed suit. The deluge of money pumped into the global economy has now reached $22 trillion which inflates the global economy. The total worldwide credit market debt has exploded from $40 trillion in 1994 to $200 trillion today. One thing all economists agree on is that our smooth sailing will soon be over throughout the world’s economy, and soon paper money will be almost worthless!
What is our problem? We are suffering as a nation (individuals and governments) because many push too hard for more and more, while entering into debt that they cannot meet. The Bible says, “Owe no man anything” (Rom. 13:8). This simply means to pay all of our debts and does not necessarily forbid borrowing. More than anything else, our society’s attitude toward money has caused this disaster of our debt bubble about to burst! The Bible teaches us, “not to trust in uncertain riches but in the living God” (I Tim. 6:17). If money becomes our security, it can be an insulator from God.
There are other pragmatic principles concerning money taught in God’s word. “Do not lay up for yourselves treasures on earth, where moth and rust destroys and where thieves break in and steal: but 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” (Matt. 6:19-21). Jesus is teaching in this passage that the most important treasures are those laid up in Heaven, not the ones on this earth. If we lay up treasures in Heaven, we have nothing to worry about when our debt bubble bursts. Jesus also is contrasting the true values of life in this passage. He doesn’t forbid the accumulation of property or worldly good, but condemns the hoarding of things for selfish purposes. Material things are useful in this life, but they should not be the number one priority of life, because they are temporary and will soon perish.
Are you ready to deal with money’s value deflating? More importantly, are you now living in such a way as to lay up treasure in Heaven? The only way to do this is to live in accordance to God’s will and obey the plan of salvation found in the Bible. It means that your priorities are right, and God is first in your life and not money. If a person puts God first, he will do God’s will. If a person’s treasure is in Heaven, that person will evaluate lightly the things on earth. If a person’s treasure is in material possessions (silver and gold), he/she will put them first and trust in himself instead of God.
My friends, the heart cannot be in both places; it must choose between the temporal and the spiritual as soon as possible (Luke 16:13).