Countdown to The Economic Crash — Are You Prepared?

The views expressed by the author do not necessarily reflect the editorial opinion of The Christian Post or its editors.
(Photo: REUTERS/Mike Segar)A headline about the global sell-off in stocks is displayed on the Times Square "Zipper" in New York, August 24, 2015. Wall Street opened sharply lower on Monday with the Dow Jones industrial average losing more than a 1,000 points following a more-than 8 percent drop in Chinese shares and a selloff in oil and other commodities.

Editor's Note: The following was sent to The Christian Post on Thursday, Aug. 20, before the U.S. stock market volatility that occurred on Friday and Monday.

Author's Appeal: Due to the controversial nature of the following commentary, I submit the following four-point appeal.

1. I am aware I'm somewhat of a "voice crying in the wilderness" with this alert. I ask the reader to not react and label me a "fear-monger." I preach and live a joyous, faith-filled lifestyle believing "In times of disaster they will not wither; in days of famine they will enjoy plenty" (Ps. 37:19) while noting this is a conditional promise (see Ps. 37 in its entirety).

2. I believe because of homosexuality, abortion, pornography, abandonment of Israel, widespread political corruption, obscene debt accumulation and celebration of immorality in America, judgment is at hand. The "warning" and "shaking" promised in Hebrews 12:25–29 is beginning, it will be severe and Christians are not exempt from the effects.

3. Every believer will experience the testing/fiery trial to develop and reveal the depth of our faith (1 Pet.1:6-9). Remember when God judged humanity with the "Flood" (Gen. 6-9), as the waters of judgment rose, the Ark of safety rose higher. With what is coming, stay in peace and trust God to guide us while seizing opportunities to share the gospel.

4. What follows comes from much prayer, fasting, research as well as counsel from respected, senior leaders. I am not marketing products; recruiting subscribers to an expensive "end-times," newsletter; or, soliciting donations to receive my "special" revelations. I'm just trying to help you and your loved ones navigate successfully through what I sincerely believe will be challenging days ahead.

"America's fiscal insolvency and its generational consequences means our country is broke. It's not broke in 75 years or 50 years or 25 years or 10 years. It's broke today. Indeed, it may well be in worse fiscal shape than any developed country, including Greece." — Dr. Laurence Kotlikoff, Professor of Economics, Boston University, Testimony before U.S. Senate Budget Committee 2/25/15

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Larry Tomczak is a best-selling author and cultural commentator with over 40 years of trusted ministry experience.

When I was a little boy, my parents would comfort me in the midst of a severe thunderstorm with these words, "Don't be scared. The angels are just rearranging furniture in heaven."

Of course they knew it was a fabrication but it bought them time and brought me temporary relief. When the next jarring thunderclap exploded, I tried to settle my fears with their words.

How many political leaders and financial analysts are doing something similar today when most of us know deep down in our hearts an economic catastrophe is around the corner?

President Obama repeatedly distracts us, telling us the greatest challenge we face is global warming (climate change).

Hillary Clinton says, "I don't believe you change hearts. You change laws and systems." In other words, "Big Government" must continue its ever- expanding control (requiring more and more money) versus transforming culture by persuasion and grassroots activism.

For those who simply say, "God is in charge — He's Sovereign. He doesn't want us getting worked up over these things," I respectfully disagree. He doesn't want us fearful or anxious but we must be responsible and discerning of the times.

Here's the deal: Out-of-control spending and borrowing have become the cultural norm with our leaders who are inflicting an ever-mushrooming debt burden on the unsuspecting next generation — our children and grandchildren. It is immoral.

Reality not fantasy: Laws of God and laws of economics ignored and violated have consequences. Barrons magazine states, "The fiscal state of the U.S. is in danger of hitting an iceberg." Forbes periodical declares, "One day this unsustainable path we're on will reach its day of reckoning." I am persuaded the chickens have come home to roost and something catastrophic is coming.

The Scriptures tell us of a curse that comes upon those disregarding discipline and God's directives; "You will become a thing of horror and an object of scorn and ridicule …" (Deut. 28:37). And Proverbs 13:18 says, "He who ignores discipline comes to poverty and shame." This can happen to America.

James Madison, our fourth President, and architect of the Constitution plus the Bill of Rights, warned us as a Founding Father, "I go on the principle that a public debt is a public curse and in a republican government it is a greater curse than any other." Read that again.

American history had its Black Friday when the great financial panic occurred on September 24, 1869, as a result of the manipulation of the securities market. October 24, 1929, is remembered as Black Thursday when the Great Depression began with the crash of the stock market. Just one week before the 1929 crash, Professor Irving Fisher of Yale University announced, "Stock prices have reached what looks like a permanently high plateau!" And then — sudden chaos came.

"While people are saying, 'Peace and safety,' destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape" (1 Thess. 5:3).

I'm not trying to ruin your day or make you think the sky is falling tomorrow, but I am trying to awaken people to the imminent disaster coming our way. These are not just my observations. I submit to you that a disaster is looming on the horizon and we'd better pray and prepare now. Unless we honestly uncover and untangle the diabolical scheme in place and submit ourselves to a total reset, the inevitable will happen. I'm referring to a fiscal crisis unprecedented in world history.

Debt and the Inevitable Day of Reckoning

As I prepared to write this commentary I saw a headline on the Drudge Report: "Doomsday Clock for Global Market Crash Strikes One Minute as Central Banks Lose Control." The accompanying visual was that of a detonated atomic bomb mushroom cloud. The first sentences said, "it is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations .... Time is running out."

"Get ready for a roller coaster ride through hell!" warns the brilliant economic forecaster Larry Edelson.

His conviction is that shortly we are entering a three-phase day of reckoning for our immoral spending and borrowing. Europe's implosion comes first, then Japan and then America.

Should we add the current fiscal crisis evolving with China?

"You guys are crazy!" Are we?

Widely respected economist and author James Davidson, who accurately forecasted our past financial disasters, says that the "cracks in the foundation are so severe that we've reached the point of no return. We are facing an unstoppable economic collapse."

Mark Levin, attorney, New York Times best-selling author and nationally syndicated radio host, just released his groundbreaking book, "Plunder and Deceit", waving the same red flag. He warns (and I encourage you to read this slowly, not skim-read it), "The consequences for the rising generation and future generations of the statists' immoral, politically expedient, and economically ruinous behavior and policies are unambiguous as evidenced by statistic after statistic, which are mainly ignored, discounted, or excused by most of the media, academia, and, of course governing statists."

His book unveils the "stats" but let me offer five from my collected stash.

1. Social Security turns 80 this month. Currently 58 million people receive monthly checks. In less than 2 ½ decades, 103 million will stand in line for their money. Changing demographics means there will not be enough money for recipients. The eventual implosion of this unsustainable government program will lead to massive misery and civil disorder unless something monumental happens. Raise the retirement age to 70? Drastically cut benefits? Further emphasize "income inequality" and give benefits based on a person's income? This is real folks!

Larry Tomczak is a best-selling author and cultural commentator with over 40 years of trusted ministry experience. His passion is to bring perspective, analysis and insight from a biblical worldview. He loves people and loves awakening them to today's cultural realities and the responses needed for the bride of Christ—His church—to become influential in all spheres of life once again. He is also a public policy advisor with Liberty Counsel.