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INFLATION ESCALATING WHILE PRES SAYS IT’S “NOT A PROBLEM”–WHAT DO YOU THINK?
For months, the Biden administration assured Americans that rising inflation is “not a problem” to fear amid the recovery from the coronavirus recession. Infusing multitrillion-dollar spending bills into the economy would not have a significant inflationary impact, the administration claimed, even as economists and Republican lawmakers questioned these assertions.
Later, when forced to acknowledge the fact that inflation is indeed rising, the administration pivoted to claim the increase is only “transitory,” unavoidable, and — get this — preferable. Mainstream news outlets nodded their heads and parroted the message. Economists again responded with raised eyebrows…
If the high inflation is pulled from the analysis, then compensation rose 2.8% between March and June 2021, the report noted. That figure makes things look OK. But unfortunately, that’s far from the whole story.
“At the same time, prices are soaring. Gas costs more. Food is more expensive. Car prices are at record levels. The consumer price index rose 0.9% in June and 5.4% over the past 12 months — the largest jumps for each since mid-2008, according to federal data,” the CNN report added…
Republican lawmakers have argued for months that injecting artificial stimuli into the economy via relief bills and recovery packages would spell doom for the recovery. The intervention would create rising market demand at the very same time that labor shortages would limit supply, they said. The result: rising inflation…
Share your prayer for our economy in the comments below.
(Excerpt from Blaze Media. Article by Phil Shiver. Photo Credit: iStock).
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Comments
I just read this and agree with it and all the 4 comments. I pray for our nations leaders every day that they will have an encounter with the LORD and they will be changed. I think it is a great idea to ask our churches to have a “concert of prayer” for our nations and our government leaders. I read something in Daily with the King, a devotional book by W. Glyn Evans Copywrite 1979, that I am sharing with you here:
The devotion is entitled: The Masters God Puts over Us.
It is quite possible that God will farm me out to other masters for my own spiritual education. The Jews of Jeremiah’s day were told, “Serve the king of Babylon, and live” (Jeremiah 27:17). God decided to farm out the Jews to Nebuchadnezzar for seventy years until their idolatry was purged. So the king of Babylon was their new “temporary master,” and they were to cooperate with him and “live.”
It surprises me that good King Hezekiah, godly as he was, did not cure the Jews of idolatry, but bad King Nebuchadnezzar, pagan as he was, did! The lesson for me is, my touchy neighbor may do me more good than my godly pastor. My atheistic foreman at the factory may purge me from my impatience faster and better than my Bible class teacher. This I know–God will not quibble over instruments. If He could use Babylon to purge the Jews, He can certainly use an unlikely agent to purge me.
This explains why my circumstances are filled with specially chosen people. Regardless of their relationship to God, God has a special relationship to them. They are His tools for the fine work of chiseling character in His disciples. That means that I must change my attitude toward the “unspiritual” and “worldly minded” people who make up my environment. Without them I can never become what God intends for me to be. So I am going to start praising God for them. I will no longer tell God what instruments He is going to use to shape me. And I will thank Him for the instruments He has already chosen, I can rejoice that God’s agencies are for my sake, “so that the grace that is reaching more and more people may cause thanksgiving to overflow to the glory of God” (2 Corinthians 4:15, NIV).
“And I will give you the treasure of darkness, and hidden wealth of secret places, in order that you may know that it is I, the LORD, the God of Israel, who call you by your name” (Isaiah 45:3).
When I read this, I thought that perhaps God will use our current government leaders to wake up the churches of America and cause them to start repenting of their sin and pray and turn from their wicked ways (2 Chron. 7:14).
I struggle with fear about what the future holds for our country and for us personally, but I remind myself that God has promised never to forsake us, and I choose to believe Him.
Dear LORD, please hear our prayers today and give us the wisdom and the courage to do whatever we can to serve You faithfully as long as You give us life. Thank You for Your love and for Jesus, our LORD and Saviour. Amen.
This is the result of another “progressive” idea taught in colleges, like Critical Race Theory. This one affecting our economy is called Modern Monetary Theory (MMT). The basic idea is that a country can spend more than their income and everything will be fine because they will just print more paper money. Paper money is supposed to represent something tangible of value, more than just the paper it is printed on.
If you want to understand this better, go to crown.org (a Christian financial ministry). There are two articles by Chuck Bentley, the CEO which explain the theory.
Most families learn that you can NOT spend more than you earn, without serious consequences.
I firmly believe that this is a planned destruction of this country. The actions of this administration prove that they have sold us out to the communists. If the American public could see the behind the scenes activities that are going on, we would be appalled. We have pushed God out of this country, so unless we all get together and pray, why would He help us. I see no actions on the part of churches to have weekly or monthly prayer gatherings to pray for this country, at least, not in my church, and I don’t hear of other churches that are doing this. We are a nation scared to breath because we are told by the mmsm (ALL OF WHICH HAS BEEN PLANNED), that we need to mask, close down businesses, prevent our children from going to school, because a virus, which kills less than 1/2 of a percent of the people is governing our lives. THE LORD IS IN CHARGE, NOT THE VIRUS. Pharmaceutical companies have been given permission to poison the people in the hopes that they will not get the virus. Well, look at all the people who have been vaccinated, who are still getting the virus, which, by the way, the real scientists, have predicted, and wearing masks has been proved not to prevent anyone from getting it. People would have said the government was insane, when I was a kid, if all the businesses and schools had been shut down because we got the mumps, or chicken pox. We didn’t have the government dictating what the MSM could talk about, and in those days, the pharmaceutical companies hadn’t gained the control they have now, and Bill Gates didn’t have the most money in the world. YOU MAY THINK ALL OF THIS IS CRAZY AND RAMBLING, BUT DON’T TAKE MY WORD FOR IT. PRAY AND ASK THE LORD FOR WISDOM AND GUIDANCE TO BE DISCERNING ABOUT WHAT IS HAPPENING, AND ASK THE HOLY SPIRIT FOR HELP IN HOW TO CHANGE THE DIRECTION WHERE THIS COUNTRY IS HEADED. REMEMBER, THE LORD IS IN CHARGE, AND ONLY HE CAN CHANGE ANYTHING. WE ARE CHILDREN OF GOD, HEIRS TO HEAVEN, AND HE HAS PROMISED TO PROTECT US.
Rose Marie, you are “spot on!” We have a “shadow leader” who is not mentally capable, but is being “used” We have people with a nefarious agenda they’ve been working on this plan, for many years to get it done. You are right, pastors are not calling for massive prayer for our country, and they should!! Maybe we should call our pastors and as them if they are “living” in the same world as we are and, if so, let’s have some prayer warrior meetings! Who in the world can lead us, help us, show us what to do, but our God?? God is our only hope!
Dear Lord, the very fabric of this country is getting frayed. As we may be facing greater upheaval you tell us not to be afraid, because you are with us. You have blessed us abundantly and we have often been thankless. May you forgive us, dear Lord. Help us face these hard times with our eyes fixed upon you. Help us, your children, be strong in the face of evil. Lord, the deliverance will come from you at your appointed time. You are the one in charge of the economy, of our leaders and our own sustenance. This inflation does not take you by surprise. If it is your will, Lord, you can destroy all plans, projects and schemes of our greedy leaders and set the economy back on track. Your will be done on earth as it is in heaven. In Jesus name.
I am praying harder than ever for this to stop. Money being given to people who rightfully can work. Money being given to children every month whose parents are supporting them. I cannot get on board with this. I see now hiring signs all over where I live. Where are the people. If they are collecting from the government they will never go to work. Also bailing out, so to speak, other companies is not helping the country to recover. I am not well off but we make due and are not suffering from anything we need, but not being eccentric either. We are on social security so make due.
Father in the name of Jesus, I ask that the people in office making the decisions would hear from you. Devil I bind you from the minds and hearts of the people and this greed that has taken place. Holy Spirit minister to these people in whatever way is open, maybe by a person, or in the spirit, but we need your help. I plead the blood of Jesus over our country and I pray that business leaders see the problem and refuse to take this unearned money and trust God over their business. In the mighty name of Jesus we pray. AMEN