In 1837, America experienced a sudden financial crisis
that resulted in a major depression that lasted
for seven years.
Within two months of the panic, losses from
bank failures in New York alone were nearly
$100 million.
Out of 850 banks in the United States,
343 closed entirely and 62 failed partially.
This financial panic was felt from one end
of the country to the other as the
financial crash unleashed a wave of riots and
domestic unrest.
There had to be an increase in the
state's police powers as mobs got out of
hand.
Unemployment soared to 25% and the government
had to issue hard times tokens which were
used in place of a currency shortage.
For a while, it was complete chaos.
America, right now, is on the verge of
financial collapse that will be similar to the
crash of 1837.
Our stock market is highly overvalued and our
economy is in trouble because of the pandemic.
Many businesses have closed and thousands of people
are behind on their rent.
One more crack in the economy will bring
it all crashing down and it'll be bad
for a very long time.
It'll make the crash of 2008 look like
a cakewalk.
Most people don't have a clue how risky
their stock market investments really are and they
are in for a rude awakening as they
watch their nest egg crack wide open and
spill out onto the streets.
God has tried to get America to turn
back to him through a series of remedial
judgments in the form of natural calamities, but
even the church has turned a blind eye
to the activity of God in the land.
The straw they'll break the camel's back will
be an out-and-out financial collapse where
banks will fail and businesses will go under.
People will go homeless and they'll be rioting
in the streets.
God sent a financial collapse to the Jews
in the days of Amos to try and
get the backslidden people of God to return
back to him, but they still refuse to
return to God.
We read in Amos 4.9, I have
smitten you with blasting and mildew when your
gardens and your vineyards and your fig trees
and your olive trees increased the palmer worm
devoured them yet have you not returned unto
me saith the Lord.
The panic of 1837 was preceded by a
period of great financial prosperity, growth, and speculation.
Then, without warning, it all suddenly came crashing
down.
Will America ever turn back to the God
of the Bible?
Will there be a country left even to
turn back to?