“…Jerusalem, the city where I have chosen for Myself to put My Name.” (Yahweh speaking, 1 Kings 11: 36)
Two Seriously Misunderstood but Common Phrases
In today’s world of global economics, two common phrases stand out as being so misunderstood that it is dangerous:
- The Lingering Global Downturn
- The Curse of Cash
This is not a treatise on global economics. If it were, few would read it and fewer still would understand it. This is a simple explanation that focuses exclusively on the bare essentials:
- The housing bubble in the U.S. and the slowing Chinese economy were the perfect storm that brought the global economy to its knees in 2008.
- Despite what we hear, both of them were normal cyclic economic outcomes. The Chinese government overspent on infrastructure for decades in an effort to modernize, and U.S. homebuyers encouraged by irresponsible lending practices that were precipitated by even more irresponsible government mandates resulted in massive overspending on housing by people who were not credit worthy.
- Both of these problems came to a head together. Since the downturn began, the International Monetary Fund (IMF) has downgraded global economic growth estimates 27 consecutive times.
- Barack Obama became president in 2008. His mantra since then has been exactly what Rahm Emanuel said it was: “Never let a good crisis go to waste.” Obama’s “stimulus program” was not stimulative. It was designed to reward and advance groups that were and are supportive of his and the Democrat Party’s political agenda. That’s why we have lived through the weakest economic recovery in U.S. economic history. That fact is irrefutable.
- The Chinese government has been forced to scale back its infrastructure investments until the country catches up to the investments they have made already. That’s a natural development.
- Because of massive problems on multiple fronts, Europe has been largely irrelevant in the global effort to return to normal economic growth. Judging by the quality of European political decision-making, that’s not likely to change anytime soon.
Therefore, for the world to return to normal economic growth, two things must happen:
- The next U.S. president must invest in economic growth. That can be done easily with real infrastructure investments, not like the “shovel-ready” programs that Obama talked about. As I said, those “investments” were not investments at all. They were targeted, politically motivated giveaway programs.
- The next U.S. president must make it attractive for cash hoarders to put their cash to work. Infrastructure investments will go a long way to move us in that direction. He must also make it economically advantageous for U.S. corporations to bring their massive overseas cash reserves home. Currently, U.S. tax laws prevent that from happening. Those laws must change.
China has behaved rationally during the economic downturn. I expect them to continue to behave rationally.
Europe has been irresponsible to a fault. I expect European political leaders to continue to behave irresponsibly. Nothing suggests to me that they will have a change of heart.
Hillary Clinton’s political agenda is the mirror image of Obama’s. If she is elected, more of the same is what we will get.
Donald Trump’s plan offers us an alternative that can work. His plan is the only one on the table that has any chance of lifting us out of the mess we are in. It’s just that simple.
To see videos that explain the importance of God’s Name, click here.
“The glory which You have given Me I have given to them, that they may be one, just as We are one; I in them and You in Me, that they may be perfected in unity, so that the world may know that You sent Me, and loved them, even as You have loved Me. Father, I desire that they also, whom You have given Me, be with Me where I am, so that they may see My glory which You have given Me, for You loved Me before the foundation of the world.” (John 17: 22-24)
See “His Name is Yahweh”.