Voodoo Economics

China's recent economy woes have shaken the world

Though many folks consider the economy to be complicated, it's actually quite easy to understand.

What's so easy to understand about the economy? Simply this: When people have more money, they spend more. That helps the economy. Conversely, when they have less money, they spend less. And that hurts the economy.

How's that related to the recent economic downturn in China that's reverberated across the world, causing stock markets to suffer significant losses? China's economy has contracted because its manufacturing industry has slowed down significantly over the past two years. China's response to the slowdown has been to devalue the Yuan with the hope of reinvigorating its economy.

A devalued Yuan makes China's products cheaper and more attractive on the world market. That hurts manufacturers in western nations that can't compete with cheap Chinese products. And that scares investors away who withdraw their money from companies that can't compete with China. When the investors pull their money out of those companies, the stock market sinks.

Economic experts blame the U.S. Federal Reserve and the big British and European banks for contributing to the problem by printing too much money that's inflated the price of products manufactured in the U.S. and Europe. That makes big and small companies look to China for cheaper products that return greater profits than products made in the western world.

But there's another side to China's economic slowdown, and that's the deepening global recession that few people want to talk about. Remember, when folks have less money, they spend less. And folks around the world, and particularly in the United States and in many European nations don't have a lot of money to spend these days because their economies stink.

Why do their economies stink? Because those nations are utilizing Marxist economic principles that confiscate wealth from the productive class and redistribute it to the unproductive class. How do nations do that? Through high taxes on their citizens, and oppressive taxes and regulations on businesses and corporations. 

Those punitive taxes and regulations on western corporations have been beneficial to China because, thanks to global trade agreements in recent decades, the Chinese have become the manufacturing capital of the world. Many of the goods you now buy at your local retailers are manufactured in China, from toys to electronics to clothes, shoes, appliances etc.

Those products used to be made in places such as the U.S. until the trade agreements made it possible for companies to relocate to China where they could pay slave-labor wages to peasants to manufacture products that are shipped all over the world. China, in turn, has borrowed huge sums of money to build a massive industrial infrastructure to manufacture those items that are no longer made in the U.S. and in other western nations.

However, the factory orders are down because the global economy is in a recession. And as a result, the Chinese are having trouble paying down the debt from all that money they borrowed to build their manufacturing industry. Simply put, the money's not coming into China. And that's causing turmoil in the world's financial markets.

Some conspiracy nuts claim that a cabal of global elites want to cause a global depression by blowing up the world economy. And they point to China's economic problems as the beginning of that plan that they claim will cause international panic and result in the creation of a world government.

There's no conspiracy to blow up the world economy. The current global economic problems are the result of greed, bad decisions and poor planning. Greed on the part of western corporations that have taken advantage of international trade agreements to relocate to places such as China where they can turn huge profits; bad decisions by nations to print too much money that's causing inflation, and poor planning on the part of the Chinese to overbuild their manufacturing industry beyond global demand.

That's why the economy is sputtering. However, there are indeed globalists who believe that the world needs a massive central government and a central bank with a global currency that would prevent economic disasters. And indeed, such a government is coming. When will we see it? We don't know. But it's coming.

In the late 1st century, the apostle John recorded this metaphorical vision from God concerning an end time world government: "And I saw a beast coming out of the sea. It had ten horns and seven heads, with ten crowns on its horns, and on each head a blasphemous name. The beast I saw resembled a leopard, but had feet like those of a bear and a mouth like that of a lion. The dragon gave the beast his power and his throne and great authority." (Revelation 13:1-2)

The beast John saw represents a global government that will consist of 10 nation groups ruled by seven powerful leaders who will be under the authority of the dreaded Antichrist. And this government will institute a fully electronic economic system that will do away with paper money, coins, checks, credit and debit cards.

This will be the economic system of the Antichrist. John continued: "He (Antichrist) also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of his name." (Revelation 13:16-17)

The cashless system of the Antichrist will become the ultimate expression of voodoo economics. It will not only purport to do away with economic problems, it will also do away with those who refuse to accept the mark because it will damn them in eternity if they receive it. (Revelation 14:9-12)