THE MIDDLE EAST, THE INAUGURATION, AND A FRAGILE WORLD ECONOMY: What will 2009 look like?
To talk with us about this already-busy new year, Alex McFarland welcomes back Washington news correspondent Bill Koenig. Since 1996, Bill has published ”Koenig’s Watch,” a weekly summary of important Middle East news. In 1997, the coverage was expanded and name changed to ”Koenig’s International News” (http://watch.org/). The news service, which now includes “WorldWatchDaily” with constantly updated stories from a large variety of news sources, today has readers and e-mail subscribers in all 50 states and 81 countries around the globe. In January 2001, he moved the news service to the Washington DC area and became a White House correspondent. He writes a weekly 12-page news report called “Koenig’s Eye View from the White House,” that focuses on world news that is biblically relevant and White House news from a Christian perspective. Bill is a graduate of Arizona State University with a B.S. in Communications.
2 Comments on “THE MIDDLE EAST, THE INAUGURATION, AND A FRAGILE WORLD ECONOMY: What will 2009 look like?”
Obama will be inaugurated, the sun will come out, and all the worlds problems will be solved!
I don’t know exactly what 2009 will look like, but I do know that the course the government has set and continues on will lead to more heartache and pain for the American people. America is headed for the Weimar Experience; i.e., hyperinflation. The implosion of the global financial system, mostly the West, was caused by massive amounts of debt, which created easy money, which created mal-investments, which led to wild speculation, and the bailouts are leading to moral hazards increasing. The government is proposing that the solution to our problems are more debt, more spending, which will lead to more mal-investments, which will require more bailouts, which will lead to more moral hazards.
Everything we are doing is going against God’s word. For decades we have depended on debt to provide our needs and have not been satisfied with what God would provide. Already our Fiat Monetary system has cost the US part of its sovereignty. We now depend on foreign nations to fund our spending and our ability to service the debt we have already incurred. The Chinese have threatened the financial nuclear option, of dumping our debt and thus imploding our economy should we try to change trade laws regarding them. The debtor is indeed slave to the lender and God warned Israel not to borrow from foreign nations Due:15:8.
What will God’s judgment be on America? Who knows. Maybe we become servants to our foreign masters. Isn’t that what God did to Israel in the days of the Judges all the way through the destruction of the Temple in 70 AD.