Japan looking to the US
Elsewhere in this newspaper we have pointed out that the
Asian economy is getting very, very shaky, as is the American economy.
A further article has been sent to us which we feel to print
in this newspaper. Taken from the Christchurch press, 2 January 2001, we read: Japan
looking to the US.
"The stock exchange limps into the new year battered
and bruised and traders say no remedy is likely to emerge at home as companies
offload stock and the Government loses its reform bearings. Instead Wall Street
and Alan Greenspan, the United States Federal Reserve Board chairman, offer the
only hope of relief, Japanese traders say....
"The Japanese market will continue to reflect the
performance of US stocks early in the new year," Hiroichi Nishi, a senior
market analyst at Nikko Securities, said. "In the short run, if the US Federal
Reserve Board decides to cut interest rates, the US market will gain and the
Japanese market will rise with it."
Foreign investors, however, would need strong
encouragement before they return in droves..." End Quote.
Make no mistake the whole world system is linked now and
if one goes down this could well drag down the whole world system in a very
A prophecy in the book of James 5:1-3 is very significant at
this time in history.
"Go to now, you rich men, weep and howl for your miseries
that shall come upon you.. Your riches are corrupted, and your garments are
motheaten. Your gold and silver is cankered, and the rust of them shall be a
witness against you and shall eat your flesh as it were fire. Ye have heaped
treasure together for the last days."
And then again in I Timothy 6:17-19, some Scriptures which
will be a blessing to those who are rich in this world's goods.
"Charge them that are rich in this world, that they be not
high-minded, nor trust in uncertain riches, but in the Living God, who giveth us
richly all things to enjoy. That they do good, that they be rich in good works,
ready to distribute, willing to communicate. Laying up in store for themselves a
good foundation against the time to come, that they may lay hold on eternal
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