Basic HTML Version
HERBERT W. ARMSTRONG
P.O. BOX 431, TUCSON, ARIZONA 85702
Pasadena
January 20, 1983
Dear Brethren and Co-Workers with Christ:
I have to tell you now that the outlook for the United States and the
entire
world is bleak and foreboding indeed! Based on world news, observation and
personal contacts with world leaders--based on Bible prophecy and a long life of
experience, I have to tell you now that the entire world economy is in a drastic
nose dive.
Civilization itself is stricken with spiritual, moral and economic
sickness
UNTO ITS DEATH--THE END OF THIS WORLD!
But there is also GOOD NEWS! There is GOOD NEWS for the Work of
God--the best ever! And the BIG good news (the word gospel means "good
news") is the new civilization--the WORLD TOMORROW--the Kingdom of
God--is soon to follow! God's Church--the living and the dead in Christ--will
then emerge into a new world of PEACE, happiness, abundance, with ETERNAL
LIFE.
Bible prophecy shows WHAT soon shall occur--WHY the world is now sick
on its deathbed--WHY the RISING UNEMPLOYMENT, the SICK ECONOMY, the
immorality, crime, violence and world evils.
I have seen much of this in 90 years of event-packed experience.
In November, 1919, I was a member of the Chicago Association of
Commerce. At a regular weekly membership luncheon, the noted Boston
statistician and economist, Roger Babson, was guest speaker. He astonished major
bank officials and industrial leaders saying that in one year we would
experience
the most drastic depression our generation had known. Economic executives
ridiculed. We were then in an upward trend of prosperity.
A year later Roger Babson again was our guest speaker. He said, "The year
has passed, and I am back and depression is here with me." There was no
ridicule or laughter. Mr. Babson told us why he knew, and why business and
financial executives did not.
"When I want to know what the temperature in this room is going to be an
hour or two from now I don't consult the thermometer on the wall. I go to the
boiler room and see what is going on down there. I go to the factor that CAUSES
the future temperature. You men were looking at bank clearings, retail sales,
wholesale indexes, stock car loadings and trends--the thermometers on the wall."
But Mr. Babson said he had learned that when 51 percent or more of the people
were righteous in their dealings with one another, prosperity was just ahead.
But
when 51 percent or more of the people were unrighteous in their dealings,
economic depression was coming.
Was Roger Babson right?