AP: US inflation hit a new 40-year high last month of 8.6%; COGwriter: Much more food price inflation is coming
Dow crashing again as Biden Harris economy continues to crumble #inflation 8.6% in May pic.twitter.com/vPCaaeqLty
— Danny (@Puffwoody) June 10, 2022
The Associated Press reported the following about inflation:
US inflation hit a new 40-year high last month of 8.6%
June 10, 2022
WASHINGTON (AP) — The costs of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday. The new inflation figure, the biggest yearly increase since December 1981, will heighten pressure on the Federal Reserve to continue raising interest rates aggressively.
On a month-to-month basis, prices jumped 1% from April to May, much faster than the 0.3% increase from March to April. Behind that surge were much higher prices for food, energy, rent, airline tickets and and new and used cars. …
America’s rampant inflation is imposing severe pressures on families, forcing them to pay much more for food, gas and rent and reducing their ability to afford discretionary items, from haircuts to electronics. …
The Fed has signaled that it will raise its key short-term rate by a half-point — double the size of the usual hike — next week and again in July. Some investors had hoped the Fed would then dial back its rate increases to a quarter-point increase when it meets in September or perhaps even pause its credit tightening.
But with inflation raging hot, investors now increasingly expect a third half-point Fed hike in September. Those rate increases will mean sharply higher borrowing costs for consumers and businesses.
Surveys show that Americans see high inflation as the nation’s top problem, and most disapprove of President Joe Biden’s handling of the economy. https://apnews.com/article/key-inflation-report-highest-level-in-four-decades-c0248c5b5705cd1523d3dab3771983b4
The US Federal Reserve, even if it can partially contain inflation, will not stop what is coming.
Jesus, in both the 24th chapter of Matthew and the Book of Revelation in chapter 6, lists a sequence of events including war, famine, and pestilences.
Shortages of fertilizer components, partially caused by Russia’s moves into Ukraine, and partially by Western moves against Russia are a factor here, as well as rising energy costs.
And then, there will be the affect of Ukraine producing and exporting less food.
Related to some of this, the Continuing Church of God put together the following video on our Bible News Prophecy YouTube channel:
Did you know that the sanctioned lands of Russia and Belarus are dominant suppliers of ingredients used in modern fertilizers? Are you aware that the United Nations Food and Agriculture Organization (FAO) estimates that 33% of the farmland in Ukraine may not be planted and/or harvested because of Russia’s ‘special military operation’ in Ukraine? Are parts of the world like Sudan, Lebanon, and the USA experiencing food price inflation? What about impact on the Palestinians in Gaza? Could any of this help lead to the rise of the King of the South? What are some factors that look to increase rice prices? Did Jesus warn of wars and troubles? What are three foods that Ukraine exports that are associated with the shortages and food price inflation of the ride of the third horseman of the Apocalypse? What does Jesus say His followers should do? Dr. Thiel addresses these matters in this video.
Here is a link to the video: Russia, Ukraine, Food, & the Ride of the 3rd Horseman of the Apocalypse.
As far as the stock market goes (a tweeter’s comment shown at the beginning of this post), it will fluctuate–though at some point the US stock market will basically totally tank.
As far as the USA economy goes, notice the following:
June 10, 2022
Treasury Secretary Janet Yellen took some time on Thursday afternoon to address the recession fears …
“We have a very strong economy,” Yellen said. “I know people are very upset and rightly so about inflation, but there’s nothing to suggest that a recession is in the works.” https://www.businessinsider.in/policy/economy/news/janet-yellen-responds-to-cardi-b-theres-nothing-to-suggest-that-a-recession-is-in-the-works/articleshow/92133243.cms
How close we are to a real recession can be debated. But to claim that there is nothing to suggest that a recession is in the works is a false statement–and one probably made for political reasons. Janet Yellen has a history of making outrageously false economic statements, and she has sadly just done that again.
That being said, we are getting to the end of the 6,000 years that God has allowed humans to rule themselves, which will soon be followed by the 1,000-year reign of Christ. Pray for Jesus to return and God’s Kingdom to come (Matthew 6:10).
But prior to Jesus’ return, “there will be great tribulation” as Jesus foretold (Matthew 24:21).
As far as physical preparations go, the Bible teaches:
6 Go to the ant, you sluggard!
Consider her ways and be wise,
7 Which, having no captain,
Overseer or ruler,
8 Provides her supplies in the summer,
And gathers her food in the harvest.
9 How long will you slumber, O sluggard?
When will you rise from your sleep?
10 A little sleep, a little slumber,
A little folding of the hands to sleep —
11 So shall your poverty come on you like a prowler,
And your need like an armed man. (Proverbs 6:6-11).15 “Laziness casts one into a deep sleep, And an idle person will suffer hunger” (Proverbs 19:15).
4 The lazy man will not plow because of winter; He will beg during harvest and have nothing. (Proverbs 20:4)
24 … they are exceedingly wise: 25 The ants are a people not strong, Yet they prepare their food in the summer; (Proverbs 30:24-25)
But won’t God provide?
3 “The LORD will not allow the righteous soul to famish” (Proverbs 10:3).
Yes, He will, but look at the next verses:
4 He who has a slack hand becomes poor, But the hand of the diligent makes rich. 5 He who gathers in the summer is a wise son; He who sleeps in harvest is a son of shame” (Proverbs 10:4-5).
So, the Bible speaks well of those who gather in the seasons when they can.
Notice also something from the New Testament:
10 For even when we were with you, we commanded you this: If anyone will not work, neither shall he eat. 11 For we hear that there are some who walk among you in a disorderly manner, not working at all, but are busybodies. 12 Now those who are such we command and exhort through our Lord Jesus Christ that they work in quietness and eat their own bread. (2 Thessalonians 3:10-12)
You are not just to sit around and expect others to take care of you. Watch also: Physical preparedness for Christians.
Notice that the ride of third horseman of the Apocalypse results in scarcity, inflation, and famine. Revelation 6:5-6 indicates that there will be food, but that it will be quite expensive (food-price inflation).
5 When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” (Revelation 6:5-6)
Some will thus die as they will not be able to afford it, while others will survive but struggle.
The old Worldwide Church of God published the following:
The black horseman’s future ride will reduce the proud faces of white America, Europe, and the British Common wealth into the blackened skin of starvation such as now afflicts the vast majority of mankind. (Alexander G. The Four Horsemen of the Apocalypse. Ambassador College Press, Pasadena (CA), 1973, p. 31)
Notice some of the penalties for disobedience recorded in the 26th chapter of Leviticus: “If after all this you have not learnt discipline but still defy me, I in turn will defy you and scourge you seven times over for your sins. I will bring war in vengeance upon you … you shall be herded into your cities, I will send pestilence among you, and you shall be given over to the enemy. I will cut short your daily bread until ten women can bake your bread in a single oven; they shall dole it out by weight [see Revelation 6:5-6], and though you eat, you shall not be satisfied. If in spite of this you do not listen to me and still defy me, I will defy you in anger, and I myself will punish you seven times over for your sins. Instead of meat you shall eat your sons and daughters” (Lev. 26:23-28, The New English Bible). Other passages warn of famine-producing upsets in weather (Amos 4:7, Deut. 28:24); ruined harvests (Ezek. 5:16, Deut. 28:17); blighted crops (Amos 4:9); harmful insect pests (Deut. 28:39, 42); and nonproductive soil (Deut. 28:23). (4 Horsemen of the Apocalypse – The Black Horse – Famine. WCG booklet, 1976)
And while the northern Babylonian Beast power will prosper for a short while, it too will ultimately succumb to famine according to Revelation 18:2,8:
2 Babylon…8 her plagues will come in one day–death and mourning and famine…
We are starting to see more reports of food shortages and the potential for food inflation.
Here is something from the old Worldwide Church of God:
The black horseman’s future ride will reduce the proud faces of white America, Europe, and the British Common wealth into the blackened skin of starvation such as now afflicts the vast majority of mankind. (Alexander G. The Four Horsemen of the Apocalypse. Ambassador College Press, Pasadena (CA), 1973, p. 31)
FEEDING THE BLACK HORSE OF FAMINE
Centuries ago the greatest prophet, forecaster, and newscaster who ever lived described in vivid detail the most climactic period in all of man’s existence. The prophet, Jesus Christ, was referring to events immediately preceding the end or consummation of this present era of human history.
His answer came in response to His disciples’ question: “Tell us, when will this be, and what will be the sign of your coming and of the close of the age?” (Matt. 24:3.)
Jesus spoke of several major events that would signal the beginning of this troubled period. After false prophets and wars came a third significant indicator: “… and there will be famines” (Matt. 24:7).
Some 60 years later, Christ further elaborated on this description when He gave the apostle John the prophecies concerning the Four Horsemen of the Apocalypse in the sixth chapter of the ‘book of Revelation. Again the same basic sequence of events is described. Following the white horse representing false Christs and the red horse of war comes the black horse of famine: “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, KJV).
Unprecedented Famine
There have always been famines, but there have never been famines the likes of which the world is currently experiencing. Usually famines of the past came in conjunction with droughts, wars, and other natural or man-made disturbances. They were cyclical in nature. Today worldwide famine is built into the structure of world society. Famine is now a way of life for millions of people. Weather fluctuations, wars and crop failures only serve to exacerbate existing conditions.
Today’s famines also differ in both nature and size from those of the past. Never before did multiple hundreds of millions of people suffer from hunger and malnutrition at any given period in history as they do today. As Paul and Arthur Simon wrote in The Politics of World Hunger: “The population explosion has produced stress and deprivation on a scale without precedent, as well as a momentum of growth that boggles the mind” (p. 51).
So Jesus Christ was not merely guessing about future famines. He was describing an age of human existence that was unique from all others in which widespread famine was only one of many interrelated events. In the 24th chapter of Matthew, He made this clear when He said: “For then there will be great tribulation, such as has not been from the beginning of the world until now, no, and never will be” (verse 21).
The prophet Jeremiah describes this tumultuous age as follows: “Alas! that day is so great there is none like it; it is a time of distress for Jacob …” (Jer. 30:7).
Daniel likewise wrote: “And there shall be a time of trouble, such as never has been since there was a nation till that time” (Dan. 12:1).
Today, modern-day prophets have finally caught up with the patriarchs of old. Notice what Robert McNamara says about this era of world history: “We have to see the population problem as part … of a much wider social and political crisis that grows deeper with each decade and threatens to round off this century with years of unrest and turbulence, a ‘time of troubles’ [emphasis ours] during which the forces of historical change threaten our frail twentieth century society with disintegration.”
Also, Georg Borgstrom states: “As a human race we are heading for Supreme Disaster, and the great challenge to our generation is to avert this calamity. It has to be done in this crucial century, or mankind may well deprive itself of both its future and its history.”
And worldwide famine, fueled by an exploding population and future international conflicts, will undoubtedly be a key catalyst in this rapidly deteriorating chain of events.
Old Testament Warnings
Christ, who was the Logos or Spokesman of the Old Testament (see I Cor. 10:4, John 1:1), also gave national warnings concerning famine through many of the prophets of old.
In these passages, famine, along with the 2nd and 4th horsemen, war and pestilence, are shown to be the ultimate result of false religion (the first horseman) and flagrant disobedience of God’s commandments.Notice some of the penalties for disobedience recorded in the 26th chapter of Leviticus: “If after all this you have not learnt discipline but still defy me, I in turn will defy you and scourge you seven times over for your sins. I will bring war in vengeance upon you … you shall be herded into your cities, I will send pestilence among you, and you shall be given over to the enemy. I will cut short your daily bread until ten women can bake your bread in a single oven; they shall dole it out by weight [see Revelation 6:5-6], and though you eat, you shall not be satisfied. If in spite of this you do not listen to me and still defy me, I will defy you in anger, and I myself will punish you seven times over for your sins. Instead of meat you shall eat your sons and daughters” (Lev. 26:23-28, The New English Bible).
Other passages warn of famine-producing upsets in weather (Amos 4:7, Deut. 28:24); ruined harvests (Ezek. 5:16, Deut. 28:17); blighted crops (Amos 4:9); harmful insect pests (Deut. 28:39, 42); and nonproductive soil (Deut. 28:23).
Israel of old didn’t heed these warnings and suffered the consequences. Today many of the modern nations of the world, including the United States and Britain, are following in the footsteps of the ancient Israelites and are beginning to pay the same penalties as their predecessors.
The Bitter Harvest of Disobedience
And as men continue to flagrantly disregard the laws of their Creator, such conditions will continue to be aggravated. Jesus Christ went on to warn of similar calamities in the future. In the book of Revelation, He depicts an earth whose entire food producing ecosystem will be in jeopardy. …
Perhaps lack of food or resources resulting from these global catastrophes explains why a massive army of 200 million men decides to march on the Middle East in the 16th chapter of Revelation. In any event, Jesus Christ went on to show that unless He personally intervened in the affairs of men during this tumultuous time period, all life would be erased from off the face of the earth (Matt. 24:22).
A Global Surplus of Food
Christ’s intervention will set off a chain of events that will finally bring a halt to the continuous rounds of famine and hunger the human race has experienced down through history. Satan the Devil will be put away (Rev. 20:1-2), and with him will go the centuries—old system of greed and exploitation that has left many a broken, hungry, and destitute person in its wake. The “dispossessed masses” will become a thing of the past as every individual will have a chance to own agriculturally productive real estate (Micah 4:4). Farming methods will be overhauled until lush crops are considered commonplace (Isa. 32:15), and one harvest follows hard on the heels of the previous one (Amos 9:13-14).
The earth’s arable land mass will be greatly expanded as mountains are lowered (Isa. 40:4) and the sands of the deserts begin an unprecedented retreat (Isa. 35:1, 7). Only then will the age-old problem of famine finally be put to rest. (4 Horsemen of the Apocalypse – The Black Horse – Famine. WCG booklet, 1976)
Expect more food inflation. And yes, there will be famines as well.
Some items of possibly related interest may include:
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
Four Horsemen of the Apocalypse What do each of the four horseman of the Apocalypse represent? Have they began their ride? Did Jesus discuss the any of this? Might their rides coincide with the “beginning of sorrows? Do they start their ride prior to the Great Tribulation? Did Nostradamus or any other ‘private prophets’ write predictions that may mislead people so that they may not understand the truth of one or more of the four horseman? There is also a related YouTube video titled Sorrows and the Four Horsemen of the Apocalypse.
Fourth Horseman of the Apocalypse What is the pale horse of death and pestilences? What will it bring and when? Here is a link to a related sermon: Fourth Horseman, COVID, and the Rise of the Beast of Revelation. Some shorter related videos may include Amphibian Apocalypse: Threat to Humans? and Zombie Deer Disease is Here! Are the 10 Plagues on Egypt Coming? Here is a version of the article in Spanish: El cuarto jinete de Apocalipsis, el caballo pálido de muerte y pestilencia.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2029 or or 2031 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. Here are links to three related sermons: The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
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