The prospect of nations going bankrupt is unimaginable. Greece is in default on its national debt; if it were a company, it would be declared bankrupt and its directors charged.
Many countries are in the same boat, including the USA, only days from defaulting – the Obama Administration has reached its debt ceiling of $14 trillion (14, then 12 zeros). If this ceiling is not increased by August 3, “all hell breaks loose” in the US and world financial markets. Then what?
Well, the $492 billion owed by Aussie banks to foreign banks would in all likelihood be called in… causing the system to shut down; superannuation funds would freeze and probably never recover (sending the retirement plans of millions of members up in smoke). Only a fool (Psalm 53:1) would believe this could never happen; it can; and one day it will…because it (riches) is an illusion!
No doubt, the US President will reach an 11th hour deal to extend the debt limit (i.e. fixing a debt problem with more debt); everyone will breathe a sigh of relief…then go back to sleep.
This is probably a good time to consider the implications of a devastating financial meltdown on our position in the Kingdom. Actually there should be none, no matter what happens to intangible riches; and amongst the unfolding calamity, real wealth remains intact because it’s tangible.
We know “the earth is the LORD’S and the fulness thereof…” (Psalm 24:1). Thus we own none of what we hold in our possession; we are merely His caretakers. Consider two further issues -
…If the rightful owner chose to take back His possessions from me, what would my response be?
…If we are such poor stewards as to be deceived (Matthew 13:22) into “investing” (actually, speculating) in this world’s paper schemes we must expect the ‘sowing and reaping’ principle to apply (Hosea 8:7; Galatians 6:7). So when the loss eventuates what would my response be?
Surely…to give thanks (Ephesians 5:20) for His love, goodness, mercy and provision; to rejoice in whatever happens! He knows our eternal destiny and promises to meet our worldly needs (Matthew 6:33). He is ready to forgive poor stewardship (Luke 15:11-24) emanating from the accumulation of, and trust in, pieces of paper being the plans of man, not of God (Psalm 118:8).
Many are running to and fro with “solutions” to the coming financial collapse! Buy bullion or switch into ‘safe’ currencies the experts say, many of whom claim to follow Jesus. But we need to understand the futility of such plans – i.e. we cannot “win” in a rigged game…or worse, in a game we should not even be playing! And we cannot justify our actions by mis-quoting God’s Word, convincing ourselves it’s the right thing to do…as often happens with Proverbs 13:22; Luke 6:38.
Our purpose is far greater than this nonsense. Being “seated in heavenly places in Christ Jesus” (Ephesians 2:6) why would we want to get involved with such trivial matters as speculating or accumulating abominable fiat money (Proverbs 20:10; 11:1)? In the end, accumulating anything this world has on offer is NOT about serving the Master…it’s about serving self. We must be alert to the Master’s warnings in verses such as – Matthew 6:21; 7:23-24; Luke 12:15.
One can only wonder why the world is in such a mess. That’s easy…people continue to reject God’s moral law and Biblical values, as they did in ancient Israel such that “…every man did what was right in his own eyes” (Judges 21:25). That’s fine but understand…there is a price to pay.
Peter, for the Kingdom Builders team