Alasdair Macleod wrote:

Inflation will return
July 30, 2023
It is an error to expect inflation to continue to fall in America. All financial market values in the US and elsewhere are predicated on this hope.
The misunderstanding is to assume that the widely expected recession will lead to further falls in consumer price inflation, and that therefore interest rates and bond yields will decline. These hopes are based on Keynes’s rejection of Say’s law, which simply points out there is no such thing as Keynes’s general glut because the unemployed stop producing. …
The current economic setup for the US, the Eurozone, and the UK seems set to increase central bank credit replacing commercial bank lending, which will undermine their currencies. https://www.sgtreport.com/2023/07/inflation-will-return/

Yes, inflation will return.

Furthermore, if the US Federal Reserve believed that inflation was under control now, it would not have again raised interest rates last week.

As far as inflation goes, here is something published by the old Worldwide Church of God:

Inflation: Disguised Theft
Inflation is nothing less than disguised theft — and we once believed that it was wrong to steal. But gradually, as the nation began to accept the foolish philosophy that there are no absolutes — no eternal truths — people began to think that under certain circumstances it is all right to steal “just a little.”
On the national level, some influential “growth-happy” economists and political leaders have propounded that inflation is all right — so long as it was “just a little.” …
Inflation exacts a terrible penalty, both nationally and individually. Inflation distorts the entire economy. One news magazine stated it bluntly: “Inflation is to the economy what pollution is to the environment — a corrosive force that unbalances everything.”
And leading investment analyst, Dr. Pierre A. Rinfret, said in The Institutional Investor: “I feel passionate about inflation. I abhor it, I detest it, and I fear it. It guts the very fabric of freedom and turns topsy-turvy all the things that made this country great.” (What INFLATION is DOING to AMERICA – and to YOU! Plain Truth, August 1969)
… and he that earns wages, earns wages to be put in a bag with holes (Haggai 1:6). …
Inflation has had various definitions, but probably the simplest one is “too much money chasing too few goods.” … “printing-press” money abounds, while output of goods stagnates. … reasons for “too much money chasing too few goods” include the increasing social benefits given to people who “voluntarily” remain unemployed or who, because they need help and have no family to turn to, must be supported by public funds. …
Western nations cannot learn to “live with” inflation. It robs people who live on fixed incomes (such as pensions). It robs those long-term savings accounts and bonds which earn less than six percent annually. It causes a “spend now, don’t save” attitude, which in turn spirals the inflation higher. History shows that when inflation passes a certain point, it becomes “runaway” such as in Germany and many other countries after the two World Wars. In Germany, million mark notes became literally worth less than a pfennig.
What the prophet Haggai said is true! Our money has holes in it (the original Hebrew signifies “pierced or bored through”) — clipped of its value! What can you do to hedge against inflation? Some say to invest in the metals which back the currency — silver and gold. But God says men will soon throw their idols of silver and gold to the moles and the bats (Isaiah 2 :20). Remember, you can’t eat gold. It won’t clothe or shelter you. It is only as valuable as people’s confidence in it is maintained.
Investment letters abound, telling you exactly where to place your “printing-press” money so it will gain more money for you instead of progressively losing more of its worth. Stocks, bonds, real estate, paintings, stamps, commodities, foreign currencies, and even old magazines are the varied suggestions. God warns us very sternly not to put our trust and confidence in physical representations of wealth that we have laid up where “moth and rust” — and He might well have added “inflation and collapse of an economy” — corrupt, but to make for ourselves treasures in heaven (Matthew 6:19-21). …
If a man gain the whole world and lose his life what has he got? (Matt. 16:26.) (Inflation. Tomorrow’s World magazine, September-October 1970).
Inflation: a result of sin
Inflation is the bad result of human government’s failure to restrain its own covetousness and ambition. There are two ways in which this happens.
Sometimes, in order to stimulate the economy, the government will (through a complicated series of banking transactions) cause more money to come into circulation. Credit becomes easier. Businesses expand and hire more people. Wages go up and people buy more.
But while there’s more money floating around, there aren’t as many things to buy with that money. Sellers find they have to (and they want to anyway, of course) raise their prices just to make sure they don’t run out of products.
And, almost always at the same time, the government itself spends more money than it takes in. Its workers get pay raises, more people are put on the government payroll, more programs are started. Tax revenues don’t cover it all.
The government has to either a) raise taxes, b) cut back or c) in effect, print the money to cover its deficit.
Human nature being what it is, c is the most painless alternative in the short run, and so the government chooses it. The extra money circulates through the country, but again, there aren’t as many extra things to buy with that money. So prices go up.
Viewed this way, inflation is a kind of hidden tax that the government imposes on its citizens. The famous British economist of the 1930s, John Maynard Keynes, a man who, ironically, promoted the kind of government policies that led to our present inflationary troubles, admitted:
“By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens … The process engages all the hidden forces of economic law on the side of destruction.”
Thus, in a sense, inflation is the result of the breaking of divine law. First, “Thou shalt not steal” and “Thou shalt not covet,” which applies to governments as well as to private citizens.
More explicitly, since inflation is the result of government’s manipulation of the value of its money for its own ends, the plain command of Deuteronomy 25:14-15 is violated:
“Thou shalt not have in thine house divers measures, a great and a small. But thou shalt have a perfect and just weight [in Bible times prior to the Babylonian captivity, the value of money was determined by weight], a perfect and a just measure shalt thou have.”
Another command prohibits the government of Israel from unjustly enriching itself at the expense of its own citizens: “neither shall he [the king or sovereign] greatly multiply to himself silver and gold” (Deut. 17:17).
We should also remember that it was the evil kings of Israel and Judah, Meahem (II Kings 15:18) and Jehoiakim (II Kings 23:37) who imposed special taxations on the people. (While they did not do so by inflation, the principle still applies.) Finally, perhaps the boldest condemnation of inflationary sin is found in Amos:
“Hear this, O ye that swallow up the needy, even to make the poor of the land to fail, saying, when will the new moon be gone, that we may sell corn? and the sabbath, that we may set forth wheat, making the ephah [quantity] small, and the shekel [money required to buy something] great, and falsifying the balances by deceit” (Amos 8:4-5).
When we consider that poor people — especially those on fixed incomes — are particularly unable to cope with inflation, this scripture takes on added power. (When Money Fails. Good News. October November 1979)

If government leaders believed the Bible, they would be willing to take a lot of steps that they seem to have overlooked to stop inflation.

Notice that deficit spending is a cause of inflation.

The USA is the most indebted nation in history.

God inspired the prophet Habakkuk to write:

3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry…5 Indeed, because he transgresses by wine, He is a proud man … 6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his–how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you. Because of men’s blood And the violence of the land and the city, And of all who dwell in it. (Habakkuk 2:3,5,6-8).
9 “Woe to him who covets evil gain for his house, That he may set his nest on high, That he may be delivered from the power of disaster! 10 You give shameful counsel to your house, Cutting off many peoples, And sin against your soul. 11 For the stone will cry out from the wall, And the beam from the timbers will answer it. (Habakkuk 2:9-11)

Notice that the above prophecy will be fulfilled at the time of the end (cf. “The message was true, but the appointed time was long…in the latter days, for the vision refers to many days yet to come,” Daniel 10:1,14). Daniel 8:19, 11:27,29,35 use the same Hebrew term for “appointed time” as Habakkuk 2:3, while Daniel 10, using a different term, ties the latter days to the time in Daniel 8:19. Habakkuk 2 was not fulfilled in its entirety anciently.

On September 19, 2019, I ran across the following which showed that the old WCG realized that this was a prophecy for our time:

THE PROPHET HABAKKUK
Habakkuk wrote his prophecy around 600 B.C. …(Habakkuk 2:2). God also said that this vision was to be written for our benefit today. … (Habakkuk 2:3). God showed Habakkuk that He will punish … at the end-time. (The Minor Prophets Speak to Us! Youth Bible Lessons. Level 7, Lesson 9. Worldwide Church of God, 1985, p. 8)

Notice also the following from the Commentary on Habakkuk from the ancient Dead Sea Scrolls (roughly 2000 years old; translated in the 1950s by F.F. Bruce):

God commanded Habakkuk to write the things that were coming upon the last generation, but the fulfilment of the epoch he did not make known to him. (1Q p Hab. vii 1-5)

While ancient commentaries like this are NOT scripture, this particular one shows that those who understood the Hebrew language around 2000 years ago believed that Habakkuk’s words had NOT then been fulfilled and were for the time of the end.

As far as to who these passages in Habakkuk are directed to in the end, it makes little sense that these verses in Habakkuk 2 would be directed towards the modern nation of Israel as it does not have enemy creditors. It must be a nation or group of nations with some prominence at the appointed time of the end. As far as “violence of the land” as a contributing factor, this would seem to include crime, military missions, and perhaps riots/civil unrest, but might it also include promotion of violent sports? Or the LGBTQ+ agenda and abortion?

Yes, destruction will come to the USA (see also Daniel 11:39).

Related to inflation, the Continuing Church of God (CCOG) put together the following video:

15:26

Inflation: When Money Fails
Inflation has been higher in 2022 than it has been for decades in the USA, Europe, and many other lands. What are some of the disruptions that inflation can cause? What about hyperinflation affecting places like Venezuela? Did the Book of Haggai predict inflation? Is food price inflation associated with the ride of the third horseman of the Apocalypse? Does sin and government mismanagement cause inflation? Are there physical things one can do about inflation? What about storing food or buying gold? Will gold outlast the USA dollar? Why might some throw their gold in the street as Ezekiel prophesied? What should God’s people do about inflation? What did Jesus teach about food worries? What about seeking the Kingdom of God? Steve Dupuie and Dr. Thiel cover these matters.

Here is a link to our video: Inflation: When Money Fails.

Do not let a report that inflation is cooling make you think that the USA is out of its economic woes–worse is coming.

As far as physical steps to consider, you can see our article: Physical Preparation Scriptures for Christians.

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