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savings and loan companies is Home Savings & Loan. Apparently they
started the "war" by offering a higher rate of interest on savings
deposits. Immediately competitive associations or banks met their
offer, or raised it.
The real estate business is almost at a standstill in the
United States.
Now, of course, this does not mean the country is in another
depression--just the OPPOSITE. The United States is SO PROSPEROUS,
and people have been BUYING so lavishly, that too many people were
not only spending what they had, but going on a spree of over-
borrowing so that they could buy still more. So the government
stepped in to slow down excess borrowing--in order to prevent
inflation--and thus bringing about this "tight money" situation.
But now look at the situation in which the average American
finds himself. (Always there are exceptions, but this is the
average.) While prices of the things we all need to buy--
groceries, meat, clothing, etc., have gradually been rising, WAGES
AND SALARIES HAVE INCREASED MORE THAN PRICES OF COMMODITY GOODS!
According to the August 1 issue of U. S. NEWS & WORLD REPORT, REAL
"take home pay" averages about 20% MORE, in what it will buy, than
ten years ago. In terms of what the weekly or monthly family
income will BUY, at today's prices, farm operators are listed as
more than 47% better off. Federal government employees, almost
36%. Automobile tire workers, nearly 34%. Some, 5% or 10% or 20%.
Of course the WORLD crisis is much more than just the Vietnam
war. And the United States crisis is much more than just this
"tight money" hard-to-borrow situation. There are race riots,
there is the rise in crime, divorces, weather revolution, and
scores of other things.
And there is also a crisis in GOD'S WORK! This particular
crisis has been mounting and increasing all this year. I want you,
as a Co-Worker, to UNDERSTAND!
This is not MY Work--nor even ours--except that the Creator
God grants us the glorious PRIVILEGE of being used as His
instruments in what HE is doing! It is GOD'S WORK here on earth.
And God has put the living Jesus Christ at the HEAD of it. He
guides, directs, inspires, and blesses this Work. And for 32
years, He has caused this Work to GROW at the rate (on the average)
of 30% every year over the preceding year!
EVERY YEAR He has caused HIS Gospel to be heard by 30% more
people than the year before. Today, approximately FORTY MILLION
people are hearing it EVERY WEEK--over every continent on earth!
Every year the living Christ has caused 30% more precious lives to
be CONVERTED--CHANGED--begotten as children of God--made HEIRS of
the KINGDOM OF GOD and eternal life--than the year before! NOW
several THOUSAND are converted annually through this very Work!
The POWER OF GOD is in it! The SPIRIT of the living God EMPOWERS
IT!
The circulation of The PLAIN TRUTH increases by 30% each year.