A SIGN OF THE LAST
REMNANT OF TIME
Luke 21: DISTRESS OF NATIONS WITH PERPLEXITY Thirdly, the record in Luke connects this event with a specific condition to begin among the nations - "distress of nations with perplexity." The word, "distress" is a translation of the Greek word, sunoche (auvoxn), meaning a constricted passage way, or being "in the narrows." The prepositional phrase - "with perplexity" (ev air o p la) - carries the force of inability to meet the demands placed on the nations financially. The word, aporia, is found in the papyri used in an imperial edict, in this sense. The verb form is used of a weaver who disqualified himself from public service because, though having means, they were inadequate to meet the demands of the office. (The Vocabulary of the Greek New Testament, p. 68) We might illustrate the financial picture conveyed by the use of this word, aporia, by contrast. Following the Panic of 1837, an editor of a paper in the midwest declined an offer of a cow and calf for a $1.00 advance subscription for his paper "because he had no way of realizing that amount of cash from the transaction." There was almost literally, no money. Now there is money but it is not adequate to cover the increasing costs. This financial crisis for the nations began in 1967 as predicted in harmony with the sign given. The late C. V. Myers, noted in the London Financial Times, as the "well-known Canadian financial expert" wrote in his Finance & Enemy of July 4, 1974: It has now been established over the course of the last seven years -- since 1967 -- that there is nothing in this world the international monetary authorities can do to stem the advance of gold, or to stem the collapse of inflation -or to avoid the enormous deflation -- the global liquidity crunch -- and the resulting depressions.
In 1975, Myers wrote from
From all that I have observed of
international conferences since
1967,
I do
not believe that any conference is going to come up with any
workable answer. It seems that the situation
will just continue to deteriorate. Only six months ago we heard every monetary authority in the world shouting,
"either we lick inflation or we are doomed. This is the battle of the
century."President Ford said, we have a war, and we intend to fight
this war against
inflation. The way he is
fighting this war against inflation is to add a $70 to $100 bit. deficit to the
Recently D'Estaing [Economist and former Premier of France] observed: "The world is unhappy. It is unhappy because it doesn' t know where it is going, and because it senses that if it knew, it would discover that it is heading for disaster.... The crisis the world knows today will be a long one. It is not a passing difficulty. It is actually the recognition of permanent change." (ibid. March 11, 1975, pp. 1-2)
Keep in mind this beginning date for the
"distress of nations" - 1967.
Newsweek,
noting the great
California Tax Revolt of 1978, observed that "since 1967, the value of the
dollar has declined 47.6 per cent, and the
average
American working family is now barely better off in real dollars than
it
was a decade ago." (June 19, 1978, p. 21) The Consumer Price Index
prepared by the U.S. Department of Labor uses as
its "Base Period -1967=100." (See Appendix A) Jesus gave the
signal when these things
would begin to come
to pass - the sign of the end of time -
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