May 12, 2020 | David Kubal, IFA President/CEO
On the National Day of Prayer (May 7), during the event held in the Rose Garden at the White House, the Special Assistant and Spiritual Advisor to President Trump, Pastor Paula White Cain, gave the President to the United States a prophetic word (watch HERE). Pastor Paula’s word included many elements, but the most impactful came at the end of her prayer: “You will recover all.”
In the context of the COVID-19 pandemic, the prophetic word of the Lord is, “You will recover all.”
I pray this word is true. Let me describe to you the miraculous results that I pray will come with the fulfillment of this prophetic word.
The nation’s unemployment has not been this high in the last 80 years. Over 20.5 million jobs were lost in the month of April. As the month of May continues, more people will file for unemployment. The real unemployment rate could be as high as 25%. (https://www.zerohedge.com/economics/here-real-april-jobs-report-42-million-jobs-lost-255-unemployment-rate).
People need to work. 2 Thessalonians 3:10 reminds us of the importance of work: If anyone will not work, neither shall he eat. In God’s economy, God desires all people to have jobs.
“You will recover all” will require massive rehires, tens of millions of workers, and massive shifts of the workforce. One thing we have learned through this whole pandemic season is how the major country we import materials and goods from, China, does not have our best interests in mind. I am praying that as God restores our nation’s economy, He corrects the imbalance in our need for Chinese goods, and brings jobs and manufacturing back to the U.S. from China.
Our Government borrowed $3 trillion this quarter alone, bringing our national debt to over $25 trillion. This is a 10% growth in just three months! Over the decades there has been much talk about controlling our debt, but few politicians have been willing to say “No” to spending. The COVID-19 pandemic has made justifying borrowing even easier for elected officials.
I am praying that “You will recover all” will mean that our leaders will choose to spend within limits. I pray that they will put in place fiscal policies that will cause our national debt to decrease. The Bible states in Deuteronomy 15:6 God’s desire for nations: you will lend to many nations but will borrow from none. The current fiscal course of our nation to borrow extensively has put us in a vulnerable position with our largest creditor, China, who could rob our nation of our God-given destiny. “You will recover all” could correct this situation.
Despite high unemployment and record national debt, stocks are at, or near, all-time highs. One measure of stocks is the Price to Earning (P/E) ratio. This ratio describes the earnings compared to the current price of the stock. Without getting too technical, the P/E relates a company’s share price to its earnings per share. A high P/E ratio could mean that a company’s stock is over-valued. Currently, the P/E ratio for the S&P 500 is over 20, higher than it has been in decades. It has swung over 50% in just weeks. (https://www.yardeni.com/pub/stockmktperatio.pdf)
“You will recover all” will require balance to be brought to the number of jobs and the valuation of companies. We must pray specifically that God would give great wisdom to our leaders so that they create an environment that will encourage long-term job growth in our country. Proverbs 21:5 reminds us to make wise long-term decisions: The plans of the diligent lead surely to advantage, but everyone who is hasty comes surely to poverty.
Our God is powerful enough to not only give his prophets prophetic words, but he is also powerful enough to fulfill them. As a mighty team of intercessors, let us now pray this prophetic word would come to pass specifically in the area of jobs, debt, and investments.