Interest rates, budgets and economics, it is the kind of talk that causes your eyes to roll into the back of your head and give you the kind of splitting headache that only comes from a time traveling sci-fi movie where the main character must save himself from himself.
Yet, what could be more personal than money? How often do we get out of the grocery store with 2 bags for less than $80? You may not realize it but the cost of milk, eggs and hamburger are tied to interest rates being at zero for the last 7 years.
The reason most American’s are effectively earning the same amount of money as they were in the 1990’s is because of the Fed and government spending.
You see the Federal Reserve has been printing a lot of money since 2008 to keep the Great Recession from becoming the Great Depression, at least that is what they have been telling us. The US government has been spending vast amounts of money to keep the economy from falling apart but it is a lie.
The US government and the Federal Reserve have been providing economic crack to make us believe that we are more alive than ever to cover up the death of the American economy. They have done this by printing and spending trillions of dollars over the last seven years.
Have you wondered why things are costing more but no one can seem to get a raise because every business seems to be broke? The Fed is now raising interest rates a fraction of a percentage point because if they don’t it will become easier to see the cracks in the hull of this great economic ship as we reach the end of the ride.
An economy without God can be hidden for only so long, like the worm from the inside hollows out an apple that still looks nice to eat from the outside.
We should beware the politicians who tell us that we must spend so much and the policy makers who tell us that easy money is good, we know that common sense and a biblical worldview tell us it is not true. But are we willing to suffer a little now to enjoy a stronger economy and society later? It does not appear that we are.
