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Hope During the Recession in the Economy

(14)

Sermon shared by Nate Herbst

October 2008
Summary: The bad news keeps cascading from Wall Street but we, as believers, have a solid hope during this time!
Tags: Money, News (add tag)
Audience: Believer adults
Sermon:
How should we respond to this recession or depression? The DOW has dropped 5500 points (from 14,000 to 8500) since October 2007 (a 40% drop) - the biggest drop in history. 13 bank failures this year (including WaMu - largest in history). Other investment banks, Like Lehman brothers have dissolved. And even more, like Merrill Lynch, have avoided those catastrophes only by selling out. AIG, the largest insurance company in the world, survived only through an 85 billion dollar government bailout. 2 largest mortgage lenders Fannie Mae and Freddie Mac have collapsed. Home values are plummeting; some areas have seen values drop over 20%. Foreclosures are at their highest level in history. Many other economic indicators are down and multiple economists, politicians and leaders are fearing and predicting a recession at best and a global depression at worst. The president and congress passed a 700 billion dollar bailout which so far has done nothing and world leaders are scrambling for answers. Note: Paul Johnson describes the Great Depression in his book A History of the American People and notes that nearly every maneuver our government has taken over the past year is identical to what they did to avoid the Great Depression - to no avail. This disaster is not an accident, but our economy is reaping what it has sowed. Hosea 8:7 - “They sow the wind and reap the whirlwind.” The economy is not my provider. Phil.4:19 - “And my God will meet all your needs according to his glorious riches in Christ Jesus.” Mt.6:25-34 - “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more important than food, and the body more important than clothes? Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? Who of you by worrying can add a single hour to his life? " And why do you worry about clothes? See how the lilies of the field grow. They do not labor or spin. Yet I tell you that not even Solomon in all his splendor was dressed like one of these. If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you, O you of little faith? So do not worry, saying, ’What shall we eat?’ or ’What shall we drink?’ or ’What shall we wear?’ For the pagans run after all these things, and your heavenly Father knows that you need them. But seek first his kingdom and his righteousness, and all these things will be given to you as well. Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.” He is able to provide, even when there is no imaginable way. Mt.14 - Jesus feeds the 5000. Mt.15 - A few days later He feeds the 4000, even though his disciples doubted again (15:33). Personal stories: Leaving our jobs, Romania 2006, Our car. Rom.8:28 - “And we know that in all
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