USA - We just got confirmation that inflation is starting to accelerate once again. That is really bad news, because the cost of living has already been stressing people out all over the country. In fact, one recent survey found that 86 percent of Americans are stressed out about grocery prices. But it isn’t just the cost of food that has been going up. We have been getting slammed by double-digit price increases in every direction, and that is having enormous consequences. Our standard of living is eroding with each passing month, and as a result the middle class is steadily shrinking.
Mr Armstrong was inspired over 40 years ago to give this warning. Looks like it is being fulfilled right now!
"We have rebelled against the authority of GOD over us, worshiping the false gods of science, evolution, and greed. We have gone the WAY of SATAN! And Satan is the god of this world (II Corinthians 4:4). And now, FOR OUR OWN GOOD, an all-wise and all-loving God is about to PUNISH our nations, in order finally to bring us to HIM!
But already the noose is around our necks, and is almost daily tightening! Skyrocketing inflation, devaluation of the dollar in all foreign markets, other economic ills are starting GREATLY to reduce our standard of living! I warn you, PREPARE greatly to reduce your standard of living! Even GREATER punishments are to follow!" (Plain Truth Magazine - January 1980)