Possible Depression?

Some economic "experts" claim we are seeing the ingredients for a situation that could rival the 30's depression and utterly dwarf the 2008 recession.

What should we be doing (financially) as Christians in this time of change?

Should those blessed with the ability to remain working increase tithing or at least contact the treasury to inform them of extra fund availability for saints in need?

What should we be doing with our current investments?

Should we be considering the possibility of investment opportunity?

I would just like to say finances aren't my, and shouldn't be our, primary concern at this time, obviously prayer, worship, evangelism etc. far supersede this topic. However, as Christians we are commanded to provide for our family, for saints in need, to be good stuarts etc. What are some things you are dong or considering at this time?

Some economic "experts" claim we are seeing the ingredients for a situation that could rival the 30's depression and utterly dwarf the 2008 recession.

It's warming up nicely and Billy's ice tea will be double what it is now by the end of May.

Some economic "experts" claim we are seeing the ingredients for a situation that could rival the 30's depression and utterly dwarf the 2008 recession.

Several countries DID NOT shut down, and are doing just fine.

Since the Great Depression occurred a long time ago, people today should be aware of the underlying causes of that Depression:

1. The stock market crash of 1929 -- stockholders lost more than 40 billion dollars. Which would be like losing 400 billion today.

2. Large scale bank failures -- more than 3,00 collapsed by 1930 and more than 9,000 by the end of the decade. There was no such thing as deposit insurance.

3. Major unemployment and reduction in purchasing -- unemployment rose to 25% and as a result goods and services were not been purchased.

4. Extremely high tariff rates imposed by Congress -- which produced retaliatory tariffs by European nations, and both imports and exports dropped.

5. Serious drought conditions -- produced the Dust Bowl and reduced the production of crops.

If President Trump acts quickly and wisely, he can restore the economy and maintain a healthy environment. He will need to fire the fear-mongers, hire sane and sober people committed to the Constitution, and issue a Presidential Executive Order to override all the nonsense that is being perpetrated in the name of health. And veto all the foolish legislation which is being plotted and planned as a conspiracy against him.

Several countries DID NOT shut down, and are doing just fine.

Any of these long term prediction models are about as useless as climate change models.

The economy is extremely hard to predict due to the countless variables. It literally is a week by week thing. 1 unforeseen event can bring it to its knees. While another can shoot it back up.

Some experts are just talking out of fear.

But if you are worried about this. Read about the past depression and plan ahead. Obviously if you do any investing you need to do long term investments because short term are very volatile. And investments in gold or silver was a big thing in the past because if the dollar lost all its worth, the gold and silver would still be valuable. But the only trick is, is having it in small enough currency to be able to trade. So having a $1000 dollar gold bar wont help when you want $20 dollars of gas.

A Biblical person will fill the silo. Prepare for the drought or locusts. Start buying food storage and water. Necessary items. Hygiene etc. Our ancestors used everything, recycled everything, and lived on less. If you are truly worried about this, then it needs to become a reality in your mind. These events are not the type to wait on. Prepare and if it collapses then you will have already had a plan B,C, D etc.

I'm not worried for myself necessarily, I'm still working and I'm spending less money seeing how everything is closed. Less spending equals more money 🤪 However, some of the brothers and sisters at my local church have been laid off and it seems possible that some of their employers may go out of business, which raises question #2 in the OP.

The fact is the market is still down over 5,000 points (20%) from it's high two months ago on February 12th. Consider this, the recession of 2008 lasted nearly 2 years (taking nearly a year to lose 20%) we began seeing growth in 2009 and over the next 8 years we had growth of approximately 2% to bring us back up to where we were. Money doesn't rush back into the market as fast as it rushes out. If they were to announce a Covid-19 vaccine tomorrow we could still be looking at a year long recovery at best.

FYI, recession is typically defined as 2 consecutive quarter losses, fairly typical in the grand scheme of things, just part of our economy. Being aware of this now could help some folks and help them help others 😁

The slow recession recovery was in my opinion due to the poor economical decisions and policies of the Obama administration. Different people in government makes a big difference also.

Satan is the accuser of the brethren: The earth is the Lord's, and the fulness thereof; the world, and they that dwell therein. Psalms 24:1

Correlation?

Something’s are too wonderful for our understanding. Job 42:3

All of us only know in part. 1 Cor. 13:12, Rom. 8:28