Economic Collapse

A Day’s Wages for a Measure of Bread; Lebanon’s financial crisis is spinning out of control as bread prices rise for the first time in 8 years and people fall deeper into poverty

A Day’s Wages for a Measure of Bread;

The world is fast approaching a “climate apartheid” where only the wealthy can afford basic food resources in the face of fatal droughts, famine and heatwaves, while the rest of the world suffers. Revelation 6:5-6 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine

A Day’s Wages for a Measure of Bread; Lebanon’s financial crisis is spinning out of control as bread prices rise for the first time in 8 years and people fall deeper into poverty

businessinsider.com Mark Abadi,Havovi Cooper,Jacqui Frank July 15, 2020, 4:18 PM

The price of bread in Lebanon has gone up for the first time in eight years — the latest troubling sign that the country’s financial crisis is spinning out of control.

With the Middle Eastern nation’s economy under pressure, the Lebanese pound or lira has lost over 80% of its value since October. Years of corruption and debt mismanagement, coupled with the government’s recent lockdowns to stop the spread of the coronavirus, have plunged the country’s lower and middle classes into poverty.

“Life now has become very difficult. It’s expensive, there’s despair, and the state can’t find any solutions,” Omar al-Hakim, a security guard from Tripoli, told Reuters. “It can’t lower any prices or do anything — it is just watching people suffering. People are really suffering.”

Al-Hakim earns about 600,000 Lebanese pounds a month. Before the currency’s collapse, that was the equivalent of $400. Today, it is worth about $60.

Since the financial crisis began in October, prices have gone up on many food items, from meat to sugar — and now bread. Nationwide, subsidized bread prices rose from 1,500 lira to 2,000 — a 33% increase.

The inflation has been a blow to a country where more than 45% of the population now lives below the poverty line and about 33% are unemployed. Many businesses are struggling to keep their doors open for desperate customers. 

“Do you have the heart to turn them away when they come asking for bread, when they don’t have any bread to eat at home?” shop owner Kawkab Abdelrahim said. “If someone came to you asking for bread to feed their children because they don’t have anything to feed them, do you keep that from them?”

As a result of the crisis, 75% of Lebanese residents may end up in povertyaccording to one estimate from Lebanon’s social affairs minister.

Lebanon’s economy has been hurting for several reasons. It exports few products and relies heavily on imports, and as the country has continued borrowing from creditors, its gross debt has reached a whopping $90 billion — making it the third most indebted country in the world. The country defaulted on its external debt in March, and has not provided a safety net for its population.

The nation has also suffered from internal conflict over its diverse religious groups and its large Palestinian and Syrian refugee populations, as well as spillover from wars in neighboring countries, according to The New York Times.

Political experts say the current crisis is the worst threat to Lebanon’s stability since the civil war that lasted for 15 years from 1975 to 1990.

“People talk about socioeconomic crisis — what do we have at hand in Lebanon is humanitarian crisis,” Bujar Hoxha, the country director for Lebanon at Care International, a humanitarian group. “The moment you have over 40% to 50% of people unable to access food, water, drinkable water, health and shelter facilities, that’s a humanitarian crisis that requires imminent intervention.”

Angered by the rising poverty and government corruption, tens of thousands of Lebanese citizens – rich and poor – have been protesting for months. The recent hike in bread prices sparked a new round.

”What we have to do to resolve this is rise up together all at once,” Sidon resident Mohamed Kashmar said. “Muslim, Christian, Sunni, Druze — we must all at once go to the streets and demand the politicians be thrown out because they are the ones who did this to us.”

The Lebanese government is now seeking a $10 billion bailout from the International Monetary Fund to prop up the economy. But until then, workers like al-Hakim are supporting their families through the kindness of others.

“If it wasn’t for neighbors helping each other, they would have died from hunger,” he said. “But here, whenever our neighbor, for example, cooks a meal, she sends some. Everyone needs help from other people.”

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs of Salvation through Jesus Christ (the Lamb)

A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.

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