Dow Drops 512.76 Points, Biggest Drop Since 2008

“I will break the pride of your power” (Leviticus 26:19)

The US debt situation and/or economic “recovery” apparently are major concerns affecting its stock markets:

Dow Sinks 500, Worst Day Since Dec. 2008

CNBC – Aug 4, 2011…

All three major averages tumbled into negative territory for the year as investors were rattled over an intensifying global economic slowdown and ahead of the widely-followed monthly unemployment report.

The Dow Jones Industrial Average plummeted 512.76 points, or 4.31 percent, to close at 11,383.68.

The last time the Dow dropped more than 500 points in a single session was in Dec. 2008. http://www.cnbc.com/id/44017828

The Bible warns that the pride of power will be broken (Leviticus 26:19), and for the USA this apparently is not only referring to its military might, but its economic pride, its dollar. Now, the USA dollar will NOT totally collapse (become worth a small fraction of its purchasing value) until shortly before the start of the Great Tribulation (cf. Habakkuk 2; Jeremiah 30:7; Matthew 24:21).

National repentance is the only real long-term hope for the USA (and it seems to be too late for that), the political leadership in the USA has largely ignored that approach. The carnal “solutions” offered and agreed to by both political parties in the USA will not get it back on track economically. Its economy may appear to do better for a while, but in the long run, the USA does not have real solutions to its economic woes. There are carnal solutions that the USA could do now (mainly related to energy production) that could help extend the situation, but too many of its leaders have rejected God and have the type of “reprobate mind” that prevents them from seeing even those “convenient” options (cf. Romans 1:18-32, KJV). The debate I have heard from some politicians and pundits on the whole debt ceiling matter strongly suggests to me, at least, that many do not understand production, economics, and job-creation.

Now, although these things are troubling, the end is not yet:

5 And Jesus, answering them, began to say: “Take heed that no one deceives you. 6 For many will come in My name, saying, ‘I am He,’ and will deceive many. 7 But when you hear of wars and rumors of wars, do not be troubled; for such things must happen, but the end is not yet. 8 For nation will rise against nation, and kingdom against kingdom. And there will be earthquakes in various places, and there will be famines and troubles. These are the beginnings of sorrows. (Mark 13:5-8)

At most, we are in what Jesus referred to as “the beginning of sorrows”, which precede the Great Tribulation (which will not start before 2015 and more likely a later year than that).

According to Bible prophecy, the end of the Anglo-dominance of the world is coming, and the final age of the Gentiles will be here in a relatively few years. The debt and other financial issues in the USA are indicators that not too many more years are left. There will likely be other stock market drops (and even rallies) before the start of the Great Ttribulation.

To learn more, please check out the following articles:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Prophecies of Barack Obama? Are there biblical and non-biblical prophecies about Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? This is a lengthy article with many prophecies that Barack Obama may end up fulfilling.
Barack Obama, Prophecy, and the Destruction of the United States Some claim that Barack Obama is the prophesied “son of Kenya”. Might Bible prophecy be fulfilled by him?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
When Will the Great Tribulation Begin? 2011, 2012, or 2013? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000?