Page 78 - Heavenly Signs III by Mel Gable

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The New York Times statement: “The 2008 financial crisis was “avoidable.” This appears to be an over simplification
of the cause of the Financial Crisis. There is no understanding that this event was caused by God’s Judgment of
this nation. For, God takes our securest investment vehicles and destroys their value. Real estate had been
considered a solid financial investment for centuries. How could it become so volatile? It is similar to the stock
market crash the week following 9/11. There is a lack of understanding that God blesses a nation which keeps
God’s Laws and does not abandon Him, but fears Him. There is no recognition as God is the Creator of all
things including this nation’s wealth. This nation needs to understand the financial collapse was God’s Judgment

Deuteronomy 8:18 “But you shall remember the LORD your God, for it is He who is giving you power to
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make wealth …….”
Beside the heavenly signs, God’s Word tells us that it is He, who gives us the “power to make wealth.” This must be
another forgotten fact since Bible reading and prayer were taken out of the schools some fifty years ago in 1963.
It was through the wisdom of the Supreme Court that made this law. It is man’s pride which believes that it is
himself who has created the wealth. One only needs to compare the separation of God to the U.S. National Debt
to see that there is a direct correlation. Will the United States completely fail, once a large enormous debt
continues to accumulate with no sign of being repaid? When it comes to this realization that it cannot be repaid,
then there will be no nation that will loan money to this bankrupt country. However, God has shown us signs to
fear Him. Maybe, it is due to the fact they don’t understand heavenly signs.

Deuteronomy 8:20 “Like the nations that the LORD makes to perish before you, so you shall perish;
because you would not listen to the voice of the LORD your God.” 121

It is scripture which tells us that we will perish because we will “not listen to the voice of the Lord.” So, many of the
citizens of this nation do not seek the Lord. Nevertheless, God provides us with worldly signs but, man refuses
to see them as well. We need to understand the Word of God to hear his voice through His Spirit.

Real Estate

In the same New York Times article by Swell Chan the report makes the following statement: “The greatest tragedy
would be to accept the refrain that no one could have seen this coming and thus nothing could have been done,” the panel wrote in
the report’s conclusions which was in The New York Times. “If we accept this notion, it will happen again.” This article
goes on to say “The crisis was the result of human action and inaction, not of Mother Nature or computer models gone haywire.
This report states the following: “The captains of finance and the public stewards of our financial system ignored warnings and
failed to question, understand and manage evolving risks within a system essential to the well-being of the American public. Theirs
was a big miss, not a stumble.” It was a failure by the captains of finance to ignore the warnings that were present in
their financial system. They ignored the risks which ultimately deceived the American public in a sense of false
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security. How could this happen?
Let us take a further look at this Financial Crisis. The crisis has its roots in real estate and the sub-prime lending
crisis. Commercial and residential properties saw their values increase rapidly in the real estate boom that began
in the 1990s. It increased uninterrupted for nearly a decade. Increases in housing prices coincided with the
investment and banking industry lowering lending standards to market mortgages to unqualified buyers allowing
them to take out mortgages. This was while at the same time government deregulation blurred the lines between
traditional investment banks and mortgage lenders. Real estate loans were spread throughout the financial system
in the form of collateralized debt obligations (CDO) and other complex derivatives in order to disperse the risk.
However, when home values failed to rise and home owners failed to keep up with their payments, banks were

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New American Standard Bible: 1995 update. 1995 (Dt 8:18, Dt 8:20). LaHabra, CA: The Lockman Foundation.
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The New York Times, January 25. 2011, by Sewell Chan “Financial Crisis was Avoidable, Inquiry Finds.”