Recent Merrill Lynch collapes, Lehman Brother's Bankrup, fall of Fannie Mae and Freddie Mac in US has caused many American dream shattered. USD700 billion is a lot of money for most enterprises, but this blood transfusion for AIG is still uncertain. I can image many American and many other European, where countries are involved in the derivative market, especially the English people, are starting to lose hope in many areas of their lives...
I image how it hurts when these people already signed S&P buying a bigger house, now they found out the bank no longer giving them 120% loan, and they are stuck with the property and has no money to move in because their employer are putting up memo of retrenchment.
I can imaging some who has decided to buy a decent sport car, or their dream car, now would have to start looking for buyer, and yet it's hard to find one because everyone else is doing the same thing.
Price of property and super luxurious goods started falling and falling, and all the people can do is to hold on to them with uncertainty.
Some may start to go to church again, I guess. Cause this would be a good time for some supernatural power to come intervene their problems. Well I can also image some which used to be too busy are starting to show up especially in the prayer meeting. I imagine some couples are seeking counselling of the cell leader or Pastor, for the quarrel that started weeks ago on the topic who should spend less now.
I used to understand some little bad things happen for a good reason... however I'm not too sure this USD516 trillion derivative black-hole is a "little bad thing". Looking back as the amount of only USD700 billion (FYI, 1 trillion=1,000 billion) the Fed has prepared to help may be all the help US government can afford.
Now I realized, that only God's intervention can stop this black-hole from continuing to such-in even our Malaysia economy, or the money of the rest of the world as well.
Looking at the situation and figures, I think it's pretty scary and little unbelievable. No wonder it makes people lost hope of the future.....
Thank God for His faithful servant, I remember once saw Billy Graham in a video "...don't give up, don't let the headline strike you, God is still sovereign .... have a future that's brighter than tomorrow..."
On one of his Q&A about God in control "...that because God is in control, He is working behind the scenes to accomplish His purposes -- and because He is, we can have hope."
We should have hope, bible tells us that ".... hope does not disappoint, because the love of God has been poured out within our hearts through the Holy Spirit who was given to us." (Roman 5:5)
Let's have hope together, for our relationship with God, our church, our political situation, our economy and our nation to be a better place for His purpose.