Good morning! It is Saturday, September 20th. This week we saw what many are calling, the greatest financial crisis on Wall Street in the last seventy-plus years. Experts referred to the situation as a potential meltdown with the Dow Industrials oscillating a total of 2000 points in a few short days. Stock markets all over the world followed suit and some markets had to temporarily halt trading. People were questioning the financial strength of a variety of financial institutions with stock prices plummeting in many of them. Correspondingly, the Fed and Treasury Department took drastic measures of guaranteeing the obligations of a number of them, effectively nationalizing them. We now await congressional action on some provisions of the bailout and the emergence of details of the financial restructuring plan. Some estimates place the cost at $1,000,000,000,000. So much has changed in such a short period of time. As I watched the action unfold and people's reaction to it, I thought about how such a crisis will probably be part of the Antichrist's rise to future economic control. He will have such sweeping powers as to issue a mark on people without which they will be able to neither buy nor sell. Now that is control of commerce! Perhaps this crisis is a snapshot of future events which will make that possible.
Tomorrow's sermon is, Catching the Little Foxes - Part 2. I hope to see you there.
Pastor Brown