We Are in a Financial Crisis…Can the Megatrends Be Stopped
If you read all the doom and gloom accounts about our economy it is enough to make you want to gab your security blanket, stick your thumb in your mouth and take a long nap and try to just forget about it! So how bad are things right now and what should we do about it to protect our assets? First off are we really on shaky ground? What is really going on? Historians say that all nations go through cycles. In terms of cycles we as a nation seem to have been fat, dumb and happy for a long time. We have experienced unprecedented prosperity. But you can’t run trade deficits forever. Personally you can’t spend more than you earn forever and not even the US Government can run deficits indefinitely and get away with it. Where are we in our cycle? Once you get past prosperity then comes apathy. After apathy comes bondage. Could that be financial bondage for us? So what should we do in view of the current uncertainty? We need principals to live by. If we spend less than we make personally and require our government to do the same, then we will be on solid ground. If we don’t expect the government to do too much then that is good. But this is most important: it says in the Bible that blessed is the nation whose God is the LORD. There is a definite link between our trusting God and honoring Him as a nation and being blessed because of it. If we trust and honor Him then we won’t have anything to fear. But if not then we won’t continue to enjoy the prosperity which He has given us. God says, “If My people who are called by name will humble themselves and pray and seek My face and turn from their wicked ways, then I will hear from heaven, will forgive their sin and will heal their land.” Let’s hope and pray that we don’t have to experience a total economic meltdown before we get our priorities right and put God first and trust Him alone! To discover how your can protect your business and personal assets contact Mr. Scott Singletary, Vice PresidentBB&T at 678-762-5667.
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