If Our Stimulus Efforts Fail: What Happens?
Posted: Saturday, January 10, 2009
by Joel Hendon
http://hebronics.org/index.html
September 7, 2008 and the rest of the month, like December 7, 1941, will go down in infamy. Check it out. The Fannie Mae debacle was taken on by the U.S. Treasury on the 7 th , then on the 15 th , Lehman Brothers went belly up, 17 th the Federal Reserve agreed to make good on $85 billion worth of AIG (American International Group) worthless mortgages and on the 19 th we entered into an agreement to support the market value of mortgages whose collateral properties value were far below the mortgage.
Actually, no one can predict how things will develop. But we have a precedent that we can look back upon to see what they went through. I can name you some things that happened, although I don't know what the causes or effects were for those things. At one point, they closed all banks. They killed the currency. Many people lost fortunes and some committed suicide. Soup lines were commonplace for those without sources of any income and no food. It became all over as you may find now at places like the Salvation Army.
The most amazing thing that I can remember about it was that, here in the rural south, I can remember people coming and asking for food for their children, but I do not remember any stealing. I'm sure there was some but it was not rampant here. And those that had, were willing to share with those that did not. I can truthfully say that we (my family) were never hungry. We were fortunate to live on a farm and we raised and preserved our food. My parents had 5 of us boys who farmed and raised our foodstuffs and raised beef and hogs for our meats and we had 2 sisters who helped my mother can food and cure the meats. We wore clothes which had patches on them, some of the patches were patched.
One might try to say that things cannot get that bad again. Friends, if it gets really, really bad, it may be even worse. There are no longer all the family farms and people's ability to live off the land. I just don't know who would care for those who could not care for themselves.
There were not many who were concerned over the fact that they could not lavish expensive gifts to their children. They were thankful to God when they were able to put food on the table and furnish them with clothing to cover their nakedness. Children learned to play games that were free. We used to take a metal rim which came off the hub of and old torn up farm wagon. These rims were about 8 inches in diameter. Then we would nail a cross piece on the end of a stick and roll the metal rim all over the place with that stick. No fun? We had lot's of fun with them.
This dreadful time had some good things about it. People learned to care about others. They taught their children to be at least, partially self sufficient. Many people turned to the Lord. There were gospel meetings which sometimes went on for two weeks. I remember some of the men in the community would get together and build a large "brush arbor" of posts cut from sapling trees and the branches used for the roof. Then an itinerate preacher would be brought in, people would bring stools, chairs and benches from home to seat the arbor, then most of the entire community came to hear the bible preached. Hell fire and brimstone would be preached for a full two weeks, often 2 hours or more at one time. And we children, sat still and quiet through the services.
But even with those beneficial factors, I pray that we do not come to the conditions we had then. I can tell you that thievery, killing, robbery and everything imaginable will be widespread if we do reach that point. Few people are willing to starve, or have their children starve without doing whatever it takes to get food. We can only pray and hope we have not become so removed from God that He will not hear. "But your iniquities have separated between you and your God, and your sins have hid his face from you, that he will not hear." (Isaiah 59:2)
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Top-level comments on this article: (4 total)Joel, This may bring church attendance back. We could only pray for such a blessing in a time when we need more of the values in life and less of the materialism.Thanks for a good article.Wouldn't it be wonderful if it did bring on a strong Christian revival? It could, but it also could go the opposite direction. Thanks much for your comment.
Joel, an excellent remainder that morality and the exercise of concern by sharing the basics of life with each other are important, and all the more so, in difficult economic times.Well said Walter, thanks for reading and commenting.
Amero my frined Amero. Seek and you shall find. Joel I'm called a pessimist by many, a doom and gloom yet reality for those without jobs, living from pay to pay, if that, and what they do and why, if you really knew, you wouldn't really ahve to ask. It is all there for everyone to read. So you mean to tell me Bush, the President of mexico and The prime Minister just went to New Orleans to talk about what if's? Do you know why we have to have an ecomomic collapse? Maybe, just maybe, you can write to it because they sure as heck don't read me. Best wishes and sincere regards, Robert.Yes, Robert, I'm afraid I do understand what is going on as far as the North American Union is all about, but not enough to really write a solid article on it. I wish I could. But I don't believe that is the only reason for this crash. I think this country has just gotten so rotten and greedy in so many high places that taxpayers simply can't sustain it any longer. Thanks for your comment, friend.Joel yu are correct but I just don;t understand why we whos ay we are Christians allow it? Then again i do. Your writingw ell well keep it up. By the way the premise for the NAU ever being able to come to reality ios the collapse of the dollar. I wrote to thios many articles ago. best wishes as always, Robert
Joel, I fear that those days you speak of are gone. Today's society will collapse if it becomes that bad again.I agree with you, Doug. What I was saying in my response to these comments, are wishes, not expectations. Let's just hope and pray that we can be pulled out of this, someway. But unfortunately, I'm pessimistic.
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