Is the recession a financial flood?
My family and I were driving somewhere the other day and my 14 year old started asking me some questions about the recession. Questions like: What exactly is a recession? Is it normal? Will the recession stop? After answering his questions he got quiet as he thought about my answers. A few minutes later he said: “Dad, so a recession is sort of like a financial flood.” Whoa.
The biblical flood
Seven days from now I will send rain on the earth for forty days and forty nights, and I will wipe from the face of the earth every living creature I have made – Genesis 7:4
We all know the story of Noah and ark. During Noah’s time, the earth was corrupt and full of violence. God spoke to Noah, a righteous man in God’s eyes and said: I am going to put an end to all people, for the earth is filled with violence because of them. I am surely going to destroy both them and the earth. God commanded Noah to build an ark so that him, his family, and many different species of animals could survive the great flood that would soon consume the earth. At 600 years of age, Noah began construction of an ark, a boat if you will, that was huge, even by today’s standards.
When the rains came, Noah loaded up his family and all kinds of animals into the ark and survived the flood. The world started anew. God said: Never again will I curse the ground because of man, even though every inclination of his heart is evil from childhood. And never again will I destroy all living creatures, as I have done. A rainbow is a sign today of God’s promise.
The recession a financial flood?
Is the recession a financial flood similar to the one experienced by Noah? No, but there are some similarities and frankly I was taken aback by the insight of my son. Do your kids ever do that? I love it when mine do.
How is the recession a financial flood:
- The recession is the result of financial “corruption”. Companies with no accountability, greed, people with huge amounts of credit use and associated debt, people purchasing more than they could afford….Well the list goes on. The recession is a result of people going crazy with their money and honestly acting irresponsibly.
- The recession is causing a financial cleansing. Similar to the great flood, the recession is causing a financial cleansing of sorts. The recession is causing people to reduce their spending, live on budgets, stop using debt, and even downsize. The recession is “cleaning” America of the poor financial practices that got us into this recession in the first place.
- The recession is going to last a while. The great flood from the Bible lasted 40 days and 40 nights. That’s a long time with non-stop rain. The recession is no different and will be here for while. How long? Who knows, but I honestly feel we’re not even close to half way yet. But like the flood, it won’t last forever.
- Initiated by God. While I am sure a great many of you may disagree, I firmly believe that the recession is a tool used by God to rein us in as His children. A recession is a way of reminding of us of how we should live and to not only improve our finances in the long haul, but to bring us closer to him as well. I also believe that if we all lived and practiced biblical financial practices, there might not be recessions…or at least if there were they would be much smaller. Today’s economy is just like a huge pendulum swing with huge extremes in each direction.
In all fairness, comparing the recession to the great flood is like comparing apples to oranges, but the analogy is sound. A recession is just a normal part of the ebb and flow of an economy. If you just look at the history of the American economy, you will see that there are periods of highs and periods of lows (recession).
What are your thoughts? Do you see a similarity? Do you believe the recession is a tool used by God to train us and guide us? Let me know what you think: Add a comment!
Photo by: Ð¯ick Harris