Dining With God
James C. Denison
Alan Greenspan has called the current economic situation “the type of wrenching financial crisis that come along only once in a century.” The National Debt Clock in New York City, created in 1989 to call attention to what was then a $1.2 trillion debt, now marks the current debt of $10.2 trillion. It was announced this week that retirement accounts in America have lost $2 trillion in the last year.
Meanwhile, the Russian presence in South Ossetia continues; the former Soviet Union has more oil supplies than any other nation on earth, 16,000 nuclear warheads, and a million-man army. Indonesia has recently announced that it expects 2,000 of its islands to be submerged by the year 2030 as global warming causes polar ice caps to melt and seas to rise. This week we learned of a National Intelligence Estimate report which states that the war in Afghanistan is in a “downward spiral” due to corruption in the government and a rise in militant violence.