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Tuesday, February 10, 2009

The Reaping

"... the plowman shall overtake the reaper, ..." Amos 9:13.



There is a reaping occuring in the economic system of the world. More like the gleaning as most of the reaping has already occured by those skillful in the system. It is we who are not that are left to glean the fields of what we can find that is left.



It appears we are cycling through quicker than before, or maybe we are finding the cycles or seasons of the economy. We must not forget that we, around the world, have only been working in this modern economy for about sixty years.



WWII was a systemic shock to the system and the technological advances developed during the war fueled the Industrial Age system for the next 40 years. It was in the 1980s that the U.S. economy moved into a Technology/Information Age. That was a systemic shift which pushed the older Industrial Age infrastructure to developing economies. The need for manufacturing was/is still there, but the willingness to pay for it has caused the "plowmen" to find more fertile fields.

The development of computer technology and changes to the financial laws opened up Wall Street to smaller investors. The co-mingling of banking, insurance, and investing properties through the changes in banking laws and the ability to invest in Wall Street instruments for $50 a month brought an infusion of cash to the system. The lessening of standards for credit sowed confusion into the system. With confusion comes the unscrupulous.

We now reap what we have sown and those with foresight and vision are plowing new fields.

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