Your Kingdom Keys to Weathering Economic Storms

by | May 24, 2022 | Business & Marketplace, Finances & Career

The Dow Jones Industrial Average dropped to 20% below January all-time highs, signaling a bear market last Friday (JP Morgan). Fortunately, the market recovered slightly by the end of trading to move out of bear market territory. However, the DJIA did manage to put together the eighth consecutive week of losses—the longest streak since 1923.

Federal Reserve Chairman Jay Powell reemphasized his position that the Fed would do what is necessary to control inflation. Although he didn’t say anything that he had not said before, last week the markets started to believe him and began pricing in the odds of a recession from higher interest rates.

The Fed is facing a quandary. It needs to raise interest rates significantly. Its false belief that the current inflation was transitory caused it to be late to the game. The Fed governors have raised the federal funds rate target 1.0% since the beginning of the year in two 0.5% increments and have announced at least two more 0.5% increases. But the federal funds rate is currently at 1.0%, while consumer inflation is currently 8.3% and producer inflation is 11.0%. The Fed has a lot of catch-up to do, but raising interest rates will slow the economy further.

Expect stagflation (inflation and a stagnant economy). Business Insider quoted economist Stephen Roach and top economist Mohamed El-Erian. Roach expects stagflation and argues that even with stock prices at near-bear market levels, the markets are not accounting for massive Fed tightening. Top economist Mohamed El-Erian believes that stagflation is unavoidable.

The U.S., and much of the world, is currently facing headwinds of massive increases in the money supply, huge federal spending, a war in Ukraine that created an embargo of Russian oil and constrained Ukrainian food exports, lockdowns in China and droughts in much of the world. It’s going to be a couple of years before we see anything approaching normal, even if “optimal” policies were implemented now.

But citizens of the kingdom of God have all the grace, favor, giftings and wisdom to not only weather any economic storm, but to prosper and be fruitful during any time of turmoil. We have been promised provision if we seek first His kingdom and His righteousness (Matt. 6:33). We also know that the kingdom of God is characterized by righteousness in the Holy Spirit, peace in the Holy Spirit and joy in the Holy Spirit (Rom. 14:17).

“For the kingdom of God is not eating and drinking, but righteousness and peace and joy in the Holy Spirit” (Rom. 14:17, NASB).

In periods of stagnation, when prices are increasing and the economy is stagnant, we have full assurance that we have God’s wisdom in navigating these economic waters. In times of cultural degradation, we are empowered to follow and proclaim His righteous principles as specified in the Bible. In these times of stress, we walk in and model His peace. In times of national discouragement, we have hope for this life and for eternity.

We know that God is totally faithful. We remember a 17-year-old Joseph, who was kidnapped by his brothers and sold into slavery to eventually be owned by Potiphar, who was the captain of Pharaoh’s bodyguard. Even his heathen owner recognized God’s favor over Joseph, and he was put in charge of all. Falsely accused of sexual assault, Joseph was imprisoned. But he was put in charge of the prisoners because the warden recognized the favor of God over Joseph. Through a series of supernatural events with dream interpretation, Joseph became the ruler of Egypt, second only to Pharaoh, when he was 30 years old.

“Now his master [Potiphar] saw that the Lord was with him and that the Lord made all that he did prosper in his hand” (Gen. 39:3).

“The warden of the prison did not supervise anything under Joseph’s authority, because the Lord was with him; and, the Lord made whatever he did prosper” (Gen. 39:23).

Faith, hope and love will always remain. In the worst of times, we have faith in our King: faith that He is with us and faith that we will overcome all. In times when there is no earthly hope, we have hope that like Joseph, we will overcome any circumstance. Because our King first loved us, we love Him and others who are made in His image. He has graciously empowered us to love by filling us with the Holy Spirit. We strive to always model the fruit of the Spirit, for it is the most important. Regardless of circumstances, we persevere in faith, hope and love.

“But now faith, hope, and love remain, these three; but the greatest of these is love” (1 Cor. 13:13).

“Constantly keeping in mind your work of faith and labor of love and perseverance of hope in our Lord Jesus Christ in the presence of our God and Father” (1 Thess. 1:3).

We are citizens of heaven and of the kingdom of God. Our King has overcome all. He created all things. He is all-powerful. He is all-knowing. We are filled with the power of the Most High God. He is with us, and we will be victorious over all regardless of anything happening in the world. {eoa}

Dr. James R. Russell is a professor of economics at Oral Roberts University.

Read articles like this one and other Spirit-led content in our new platform, CHARISMA PLUS.

CHARISMA NEWSLETTERS

Stay up-to-date with current issues, Christian teachings, entertainment news, videos & more.

The latest breaking Christian news you need to know about as soon as it happens.

Prophetic messages from respected leaders & news of how God is moving throughout the world. 


MORE FROM CHARISMA

Troy Black Shares A Message to Help You Fight For Faith Again

Troy Black Shares A Message to Help You Fight For Faith Again

Young, old, rich or poor—nobody is immune to the feeling of brokenness. Jesus' life, death and resurrection on earth is a constant reminder that death no longer has a sting. Fear and hopelessness lurk throughout the earth trying to find an opportune moment to consume...

Kevin Sorbo’s Transformative Encounter as a Teen with Billy Graham

Kevin Sorbo’s Transformative Encounter as a Teen with Billy Graham

Actor Kevin Sorbo is known today for his roles in faith-based movies, like "God's Not Dead" and "Left Behind," but the iconic "Hercules" star's Christian roots took form at an early age. Sorbo recently told CBN's "Faith vs. Culture" he first read the prophetic book of...

7 Forms of Functional Cessationism

7 Forms of Functional Cessationism

In this article, cessationism refers to the doctrine, practice or belief that the ascension ministry gifts and the manifestations of the Holy Spirit ceased with the early church and do not function in the present church age (Eph. 4:11-16; 1 Cor. 12: 4-11). The...

Practical Tips to Maximize Your Time

Practical Tips to Maximize Your Time

We all have the same amount of time—four hours a day, seven days a week. And the longer I live, the more I discover that time is too valuable for us to waste any of it. That’s why it is so important that we learn to live on purpose, for a purpose. The truth is if you...

Enter the Courts of Heaven with Rabbi Curt Landry

Enter the Courts of Heaven with Rabbi Curt Landry

This article was first released by Curt Landry Ministries. Note: This is the first of a two-part series of articles. When you enter heaven's courtroom to do spiritual warfare, you are asking that the will of God, what is written in His books, be released from heaven...

RECENT ARTICLES

The Spiritual Awakening of Buffalo, New York

Monday night, Jan. 2, 2023, God drew our nation to prayer as Bills player Damar Hamlin experienced cardiac arrest on live tv. Could this have been the largest spontaneous prayer meeting in the...
Dr. Don Colbert: How This Every Day Ingredient is Killing Your Brain

Dr. Don Colbert: How This Every Day Ingredient is Killing Your Brain

Read Time: 4 Minutes 43 Seconds Of the many artificial sweeteners out there, such as aspartame, sucralose (Splenda), saccharin (Sugar Twin and Sweet’N Low) and neotame (NutraSweet), aspartame is one of the most common. How common? Aspartame is an ingredient in more...

Pin It on Pinterest