trillion dollars in wealth disappeared last week.
It just vanished.
Right into thin air.
Know why?
That wealth.
Vanished into thin air last week?
Because it was created
out of the thin air.
These corporation are borrowing $ at low rates
and then using it to purchase shares of themselves in order to drive their price up.
Because the increasing rise in the stocks price
is greater than the cost of borrowing the $
Nothing of value.
Nothing tangible.
Is being created in this process.
Borrowing paper to buy paper because somebody says it'e worth something.
Then wondering why it all comes crashing down.
Tax cuts and stimulus will not replace lost economic activity.
It just won't.
Tax cuts and stimulus are to help get things going again.
You can't replace the lost economic activity.
New territory.
Guess what?
There is no answer.
Other than to be ready spiritually.
Habakkuk 2:18-19
“Of what value is an idol carved by a craftsman?
Or an image that teaches lies?
For the one who makes it trusts in his own creation;
he makes idols that cannot speak.
Deuteronomy 4:28
"There you will serve gods,
the work of man's hands, wood and stone, which neither see nor hear nor eat nor smell.
Daniel 5:23
but you have exalted yourself against the Lord of heaven; and they have brought the vessels of His house before you, and you and your nobles, your wives and your concubines have been drinking wine from them; and you have praised the gods of silver and gold, of bronze, iron, wood and stone, which do not see, hear or understand But the God in whose hand are your life-breath and all your ways, you have not glorified.
Revelation 9:20
The rest of mankind, who were not killed by these plagues, did not repent of the works of their hands, so as not to worship demons, and the idols of gold and of silver and of brass and of stone and of wood, which can neither see nor hear nor walk;
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