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Inflation will return


COGwriter

Alasdair Macleod wrote:

Inflation will return

July 30, 2023

It is an error to expect inflation to continue to fall in America. All financial market values in the US and elsewhere are predicated on this hope.

The misunderstanding is to assume that the widely expected recession will lead to further falls in consumer price inflation, and that therefore interest rates and bond yields will decline. These hopes are based on Keynes’s rejection of Say’s law, which simply points out there is no such thing as Keynes’s general glut because the unemployed stop producing. …

The current economic setup for the US, the Eurozone, and the UK seems set to increase central bank credit replacing commercial bank lending, which will undermine their currencies. https://www.sgtreport.com/2023/07/inflation-will-return/

Yes, inflation will return.

Furthermore, if the US Federal Reserve believed that inflation was under control now, it would not have again raised interest rates last week.

As far as inflation goes, here is something published by the old Worldwide Church of God:

Inflation: Disguised Theft

Inflation is nothing less than disguised theft — and we once believed that it was wrong to steal. But gradually, as the nation began to accept the foolish philosophy that there are no absolutes — no eternal truths — people began to think that under certain circumstances it is all right to steal “just a little.”

On the national level, some influential “growth-happy” economists and political leaders have propounded that inflation is all right — so long as it was “just a little.” …

Inflation exacts a terrible penalty, both nationally and individually. Inflation distorts the entire economy. One news magazine stated it bluntly: “Inflation is to the economy what pollution is to the environment — a corrosive force that unbalances everything.”

And leading investment analyst, Dr. Pierre A. Rinfret, said in The Institutional Investor: “I feel passionate about inflation. I abhor it, I detest it, and I fear it. It guts the very fabric of freedom and turns topsy-turvy all the things that made this country great.” (What INFLATION is DOING to AMERICA – and to YOU! Plain Truth, August 1969)

… and he that earns wages, earns wages to be put in a bag with holes (Haggai 1:6). …

Inflation has had various definitions, but probably the simplest one is “too much money chasing too few goods.” … “printing-press” money abounds, while output of goods stagnates. …  reasons for “too much money chasing too few goods” include the increasing social benefits given to people who “voluntarily” remain unemployed or who, because they need help and have no family to turn to, must be supported by public funds. …

Western nations cannot learn to “live with” inflation. It robs people who live on fixed incomes (such as pensions). It robs those long-term savings accounts and bonds which earn less than six percent annually. It causes a “spend now, don’t save” attitude, which in turn spirals the inflation higher. History shows that when inflation passes a certain point, it becomes “runaway” such as in Germany and many other countries after the two World Wars. In Germany, million mark notes became literally worth less than a pfennig.

What the prophet Haggai said is true! Our money has holes in it (the original Hebrew signifies “pierced or bored through”) — clipped of its value! What can you do to hedge against inflation? Some say to invest in the metals which back the currency — silver and gold. But God says men will soon throw their idols of silver and gold to the moles and the bats (Isaiah 2 :20). Remember, you can’t eat gold. It won’t clothe or shelter you. It is only as valuable as people’s confidence in it is maintained.

Investment letters abound, telling you exactly where to place your “printing-press” money so it will gain more money for you instead of progressively losing more of its worth. Stocks, bonds, real estate, paintings, stamps, commodities, foreign currencies, and even old magazines are the varied suggestions. God warns us very sternly not to put our trust and confidence in physical representations of wealth that we have laid up where “moth and rust” — and He might well have added “inflation and collapse of an economy” — corrupt, but to make for ourselves treasures in heaven (Matthew 6:19-21). …

If a man gain the whole world and lose his life what has he got? (Matt. 16:26.) (Inflation. Tomorrow’s World magazine, September-October 1970).

Inflation: a result of sin

Inflation is the bad result of human government’s failure to restrain its own covetousness and ambition. There are two ways in which this happens.

Sometimes, in order to stimulate the economy, the government will (through a complicated series of banking transactions) cause more money to come into circulation. Credit becomes easier. Businesses expand and hire more people. Wages go up and people buy more.

But while there’s more money floating around, there aren’t as many things to buy with that money. Sellers find they have to (and they want to anyway, of course) raise their prices just to make sure they don’t run out of products.

And, almost always at the same time, the government itself spends more money than it takes in. Its workers get pay raises, more people are put on the government payroll, more programs are started. Tax revenues don’t cover it all.

The government has to either a) raise taxes, b) cut back or c) in effect, print the money to cover its deficit.

Human nature being what it is, c is the most painless alternative in the short run, and so the government chooses it. The extra money circulates through the country, but again, there aren’t as many extra things to buy with that money. So prices go up.

Viewed this way, inflation is a kind of hidden tax that the government imposes on its citizens. The famous British economist of the 1930s, John Maynard Keynes, a man who, ironically, promoted the kind of government policies that led to our present inflationary troubles, admitted:

“By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens … The process engages all the hidden forces of economic law on the side of destruction.”

Thus, in a sense, inflation is the result of the breaking of divine law. First, “Thou shalt not steal” and “Thou shalt not covet,” which applies to governments as well as to private citizens.

More explicitly, since inflation is the result of government’s manipulation of the value of its money for its own ends, the plain command of Deuteronomy 25:14-15 is violated:

“Thou shalt not have in thine house divers measures, a great and a small. But thou shalt have a perfect and just weight [in Bible times prior to the Babylonian captivity, the value of money was determined by weight], a perfect and a just measure shalt thou have.”

Another command prohibits the government of Israel from unjustly enriching itself at the expense of its own citizens: “neither shall he [the king or sovereign] greatly multiply to himself silver and gold” (Deut. 17:17).

We should also remember that it was the evil kings of Israel and Judah, Meahem (II Kings 15:18) and Jehoiakim (II Kings 23:37) who imposed special taxations on the people. (While they did not do so by inflation, the principle still applies.) Finally, perhaps the boldest condemnation of inflationary sin is found in Amos:

“Hear this, O ye that swallow up the needy, even to make the poor of the land to fail, saying, when will the new moon be gone, that we may sell corn? and the sabbath, that we may set forth wheat, making the ephah [quantity] small, and the shekel [money required to buy something] great, and falsifying the balances by deceit” (Amos 8:4-5).

When we consider that poor people — especially those on fixed incomes — are particularly unable to cope with inflation, this scripture takes on added power. (When Money Fails. Good News. October November 1979)

If government leaders believed the Bible, they would be willing to take a lot of steps that they seem to have overlooked to stop inflation.

Notice that deficit spending is a cause of inflation.

The USA is the most indebted nation in history.

God inspired the prophet Habakkuk to write:

3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry…5 Indeed, because he transgresses by wine, He is a proud man … 6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his–how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you. Because of men’s blood And the violence of the land and the city, And of all who dwell in it. (Habakkuk 2:3,5,6-8).

9 “Woe to him who covets evil gain for his house, That he may set his nest on high, That he may be delivered from the power of disaster! 10 You give shameful counsel to your house, Cutting off many peoples, And sin against your soul. 11 For the stone will cry out from the wall, And the beam from the timbers will answer it. (Habakkuk 2:9-11)

Notice that the above prophecy will be fulfilled at the time of the end (cf. “The message was true, but the appointed time was long…in the latter days, for the vision refers to many days yet to come,” Daniel 10:1,14). Daniel 8:19, 11:27,29,35 use the same Hebrew term for “appointed time” as Habakkuk 2:3, while Daniel 10, using a different term, ties the latter days to the time in Daniel 8:19. Habakkuk 2 was not fulfilled in its entirety anciently.

On September 19, 2019, I ran across the following which showed that the old WCG realized that this was a prophecy for our time:

THE PROPHET HABAKKUK

Habakkuk wrote his prophecy around 600 B.C. …(Habakkuk 2:2). God also said that this vision was to be written for our benefit today. … (Habakkuk 2:3). God showed Habakkuk that He will punish … at the end-time. (The Minor Prophets Speak to Us! Youth Bible Lessons. Level 7, Lesson 9. Worldwide Church of God, 1985, p. 8)

Notice also the following from the Commentary on Habakkuk from the ancient Dead Sea Scrolls (roughly 2000 years old; translated in the 1950s by F.F. Bruce):

God commanded Habakkuk to write the things that were coming upon the last generation, but the fulfilment of the epoch he did not make known to him. (1Q p Hab. vii 1-5)

While ancient commentaries like this are NOT scripture, this particular one shows that those who understood the Hebrew language around 2000 years ago believed that Habakkuk’s words had NOT then been fulfilled and were for the time of the end.

As far as to who these passages in Habakkuk are directed to in the end, it makes little sense that these verses in Habakkuk 2 would be directed towards the modern nation of Israel as it does not have enemy creditors. It must be a nation or group of nations with some prominence at the appointed time of the end. As far as “violence of the land” as a contributing factor, this would seem to include crime, military missions, and perhaps riots/civil unrest, but might it also include promotion of violent sports? Or the LGBTQ+ agenda and abortion?

Yes, destruction will come to the USA (see also Daniel 11:39).

Related to inflation, the Continuing Church of God (CCOG) put together the following video:

15:26

Inflation: When Money Fails

Inflation has been higher in 2022 than it has been for decades in the USA, Europe, and many other lands. What are some of the disruptions that inflation can cause? What about hyperinflation affecting places like Venezuela? Did the Book of Haggai predict inflation? Is food price inflation associated with the ride of the third horseman of the Apocalypse? Does sin and government mismanagement cause inflation? Are there physical things one can do about inflation? What about storing food or buying gold? Will gold outlast the USA dollar? Why might some throw their gold in the street as Ezekiel prophesied? What should God’s people do about inflation? What did Jesus teach about food worries? What about seeking the Kingdom of God? Steve Dupuie and Dr. Thiel cover these matters.

Here is a link to our video: Inflation: When Money Fails.

Do not let a report that inflation is cooling make you think that the USA is out of its economic woes–worse is coming.

As far as physical steps to consider, you can see our article: Physical Preparation Scriptures for Christians.

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.
Is God Calling You? This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is are links to related sermons: Christian Election: Is God Calling YOU? and Predestination and Your Selection. A short animation is also available: Is God Calling You?
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? Two related sermons about this are also available: Real Repentance and Real Christian Repentance.
Tithing Questions and Some Answers Answers questions about tithing and also addresses some non-biblical arguments against tithing. Should people tithe?Here is a link to a related sermon: Tithes and Tithing. Here is a link to an older sermon: Tithing Answers from the Bible.Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? Two videos of related interest are Beast Prophecies and European Gold and Germany, Gold, and the US Dollar.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy.
Australia and New Zealand in Prophecy Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy.
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? 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? 2023, 2024, or 2025? 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? Notice also: Can Jesus return in 2023 or 2024? Here is a video in the Spanish language: Es El 2021 el año  de La Gran Tribulación o el Grande Reseteo Financiero.

This entry was posted on Sunday, July 30th, 2023 at 4:00 pm and is filed under Prophecy.



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