I don't need to tell the savvy readership of The Christian Post that this economic "recovery" has been a combination of smoke and mirrors, held together with a shoestring and bubble gum.
The plummeting economy, triggered by the collapse of our government-inflated housing bubble, was temporarily slowed in its break-neck decline by the Obama administration's decision to shovel astronomic amounts of taxpayer money into a hole. In June 2010, after the first round of Quantitative Easing, the Fed had holdings of $2.054 trillion. In November 2010, deciding that things weren't improving fast enough, QE2 was launched and we bought up another $600 billion of assets/debt. When that failed to stimulate the market into a full-on recovery, QE3 was announced in September of 2012. At that point, the Fed declared that they would be buying $40 billion/month for an open-ended duration.
Should be sufficient, right? Even the piggish appetites of our central bankers should be sated by an open-ended allowance of 400 million dollars EVERY SINGLE MONTH, right? Wrong. Just 3 months after the announcement of QE3, the Federal Open Market Committee declared that the bond-buying would be increased from $40b a month to $85b, more than doubling the amount of debt the American people were being given every month. Make no mistake; there is no money to spend on these debt purchases. This is referred to as "fiat money" as it is created by fiat, not by any market mechanisms or wealth creation. Each time money is created in this fashion, the dollar you hold in your wallet or your 401(k) gets a little weaker. The greedy progressives behind this diabolical process have discovered that they can rob you without ever touching your billfold, simply by watering down the funds they already control. more >>
"I'm going to walk you through 500 years and show you how God is literally screaming at the world, 'I'm coming soon,'" says Pastor John Hagee in a video promoting his New York Times bestselling nonfiction book, Four Blood Moons: Something Is About to Change. Hagee's book, a top "prophecy" and "theology" seller online, appears to be leading the pack of several other books with similar titles also tying a series of upcoming eclipses to the end times.
The Bible and 'Blood Moons'
In Joel 2:28-32, passages pertaining to "the Day of the LORD" (an eschatological term), verse 31 reads: "The sun will be turned to darkness and the moon to blood before the coming of the great and dreadful day of the Lord." more >>
Jerry B. Jenkins and Tim LaHaye, authors of the mega-hit Left Behind book series, recently got a sneak peek of the upcoming movie remake of the same name starring Hollywood A-lister Nicolas Cage.
Jenkins and LaHaye, along with their families, were treated to a preview of the "Left Behind" movie remake on Friday, and according to online accounts, were pleased with the early cut of the film.
"Everyone in the room was thrilled with the movie, which was very exciting," according to an update on the official "Left Behind Movie" Facebook page. more >>
Dr. Robert Jeffress of First Baptist Church of Dallas continues to garner attention for his view that President Barack Obama's policies will lead to the rise of the Antichrist.
As Jeffress gathers headlines from media online and offline, a couple biblical scholars have weighed in on the controversial claim.
Family Radio, once led by controversial Bible teacher and doomsday predictor Harold Camping, will maintain the views and mission it had while the station president was alive, a spokesman stated.
Tom Evans, assistant general manager at Family Stations, Inc., told The Christian Post that Family Radio continues to "advocate" and "agree with" the views Camping held.
This includes the proposal that all institutional churches have gone apostate and that true believers should leave their congregations. more >>
A recently aired tribute to the life of Harold Camping by the Family Radio network omitted any mention of the former president and founder's much publicized end times prophecies.
For years, Camping had predicted that the Rapture would occur on May 21, 2011, according to his interpretation of what the Bible said about the End Times. The radio segment, which aired Friday evening, focused instead on other projects and endeavors of the controversial Christian radio host.
Camping's projection came through looking at certain numbers in the Bible and reasoning that they, when calculated property, gave the exact date for the Rapture. more >>