At the precipice of economic collapse

The Persian Gulf is an open powder keg, and Iran, Iraq and Saudi Arabia are all playing with fire around that barrel! An all-out war between Sunnis and Shiites in the area would interrupt oil production and shipment, and would send the price of the black gold to well over $120 a barrel.

Because of their economic indebtedness, Americans have lost the ability to direct their nation's future. That power is increasingly in the hands of foreign bankers and governments, which control the money and oil needed to power an energy-dependent and debt-riddled nation. "The rich rules over the poor, and the borrower is servant to the lender" (Proverbs 22:7).

The U.S. government is broke! It must borrow more than $2 billion per day to fund its government at home and its military operations around the globe. At the current spending rate, North Americans in 2008 will buy more than $650 billion more in goods and services than they sell overseas. The federal government's printing presses are spewing out greenbacks at a frantic rate. Together, this puts the nation in grave danger that inflation will soon spin out of control. As the dollar declines, everyone dealing in dollars will see their purchasing power reduced. The dollar holds its value only so long as people around the world have confidence in its strength. If you have U.S. dollar holdings, what is your level of confidence?

Thankfully for the U.S., the nations that hold its notes have not foreclosed, because they know that doing so too quickly would destroy the value of the dollars they possess. One rogue nation with the means, and intent on destroying the U.S., could start a stampede away from the greenback by quickly selling off its dollar holdings, bringing the U.S. down in an economic crash, almost overnight. However, doing so would plunge the world into the depths of another Great Depression, which would bring worldwide political, economic and social instability—and even lead to World War III!

At the moment, national treasuries around the world are slowly diversifying out of dollars, and into gold, euros and other financial instruments they consider more stable. This is why precious metals, commodities, the euro and most other foreign currencies are gaining in value as the dollar falls.

So far, the decline has been relatively slow. But America's foreign policy has made the nation an international pariah. At some point, if a country with large dollar holdings decides that the planet would be better off without the U.S., it can "pull the trigger" and quickly bring about America's economic destruction.

The U.S. and the other English-speaking nations are losing God's blessings and protection, as described in Deuteronomy 28. However, you can protect yourself personally from the worst effects of the coming crash. God will intervene on behalf of those who are obeying Him and seeking His protection. To learn more about how you can survive the tough times ahead, please read two of our booklets that explain in detail what is about to happen, why it must happen, and what you can and should do about it.

Read online, or order your free printed copy, of How God Intervenes in World Affairs and The Real God: Proofs and Promises. This eye-opening information is provided with absolutely no charge or obligation. And if you are not already a subscriber to Tomorrow's World magazine, order now!