It is 1930 - History is Repeating Itself!
Nathan Leal - April 16, 2009

Ecclesiastes 1:9  “The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.”

According to scripture, History always repeats itself. Why is that?  Who knows! But it is the law of scripture. And today in our modern era, America is no exception," that which has happened in America’s past will happen again."

What kind of things? The present economic crisis is what comes to mind. To compare today’s cancerous economy to history, financial “experts” and politicians are looking further and further into the past. 

First, they were comparing the ill economy to the 1980’s, then the 1950’s. Lately, they are saying, “Since the Great Depression!” 

But I wonder, if the only statistical comparable is “The Great Depression”, then why are they also calling today’s economic illness, “The Great Recession”? Oh Semantics! Semantics!

The Emperor has no clothes and is also in denial.  Folks, allow me to spell it out for everybody and say it, " Welcome to the “GREATER DEPRESSION!"

I am continued to be amazed that most of today's population still believes the falsehoods and lies that are told to them by the ruling elite! But I guess that this is the way that it’s always been.

Jeremiah. 6:13 says “…and from the prophet even unto the priest every one deals falsely.”

You know what this passage of scripture means folks?  It means that back then, all of the spiritual leaders were lying to the people and to each other, making up a false reality and pretending.

“…saying ‘peace, peace’ when there is no peace!”

As I read this chapter of Jeremiah, it is almost a mirror image of America’s World of Falsehoods.  The media, the sleeping ministers and the politicians are all lying to one another, saying that all is well, while in reality the ship is taking in water and sinking.

Many people may wonder why their ankles are “numb!” Not realizing that it is because the ship is sinking.  That is cold water, lapping at our feet!

Brethren, do not allow the hypnotists on the TV news to lie to you and tell you that the recovery is in sight because of the present “Financial Rally” on Wall Street. These are false hopes built on man’s selfish reliance. And in this season of God’s judgment, man’s selfish ambitions and remedies are fleeting.  Why? Because the remedies to our country’s financial woes rely on answers that exclude God and repentance.

No, my friends! As I have been saying for a while now, “The present divine judgment will run its full course!" So as stated earlier, “History will repeat itself.” In fact, America has already begun to repeat her past history of “The Great Depression.”  

So where are we in that timeline?  Have you wondered about this? 

By looking at the recent activity and “Rally” in the stock market, it looks like we are in the first quarter of 1930.  Please look at the chart below:

After the initial crash in October 1929, the market recovered almost 60% of what it lost.  This short recovery was a temporary “Bear Rally” that lasted about six months. But it was short lived, toward the middle of 1930; the downward trend once again took over and continued for two more years, until 1932. 

This resulted in what we can now view through the eyes of history as, “The Great Depression." We seem to be following that pattern once again. Conclusion: if history is the indicator, the present Rally on Wall Street is a false recovery!

Hence, this is the warning that I wish to share with all of you. The talking heads on TV may say that recovery has arrived, but this is not true! The worst is yet to come. The judgment of God is not complete. It is just beginning!

Brethren, please stay vigilant and keep preparing. In the next year or two, the landscape of this country will look VERY different than what we see today. If you are still employed, keep working to get out of debt.  Pay off your car so that it cannot get repo'ed. The worst is yet to come!

I find it interesting that some of today economic experts are making comments that the worst is over. Are they wrong? Do you believe them?

Let’s look at history. During the early 1930’s, many economic “experts” were saying similar things; we now know that they were wrong.


Comments made by experts and politicians during the previous Great Depression:

"This is the time to buy stocks.."
- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929

"Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom."
- R. W. McNeal, financial analyst in October 1929

"Hysteria has now disappeared from Wall Street."
- The Times of London, November 2, 1929

"The Wall Street crash doesn't mean that there will be any general or serious business depression...Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
- Business Week, November 2, 1929

"The end of the decline of the Stock Market will probably not be long, only a few more days at most."
- Irving Fisher, Professor of Economics at Yale University, November 14, 1929

"In most of the cities and towns of this country, this Wall Street panic will have no effect."
- Paul Block (President of the Block newspaper chain), editorial, November 15, 1929

"Financial storm definitely passed."
- Bernard Baruch, cablegram to Winston Churchill, November 15, 1929

"I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress."
- Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929

"I am convinced that through these measures we have reestablished confidence."
- Herbert Hoover, December 1929

"1930 will be a splendid employment year."
- U.S. Dept. of Labor, New Year's Forecast, December 1929

"For the immediate future, at least, the outlook (stocks) is bright."
- Irving Fisher, Ph.D. in Economics, in early 1930

"...there are indications that the severest phase of the recession is over..."
- Harvard Economic Society (HES) Jan 18, 1930

"There is nothing in the situation to be disturbed about."
- Secretary of the Treasury Andrew Mellon, Feb 1930

"The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity."
- Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930

"While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us."
- Herbert Hoover, President of the United States, May 1, 1930

" May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."
- HES May 17, 1930

"Gentleman, you have come sixty days too late. The depression is over."
- Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930


After it was apparent that they were in trouble, U.S. citizens were told these comforting words back then:

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."
- President F.D. Roosevelt, 1933


Stay vigilant Brethren,

God Bless You,

Nathan Leal – A Watchman
April 16, 2009









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