Recession? Depression? What Does it Matter?

The global economic meltdown has affected governments, families, and employers in a way no one saw coming. Of course, we’ve all been told that its just a recession, a temporary blip on the economic radar. But with more families struggling to keep food on the table, a nearly 10% unemployment rate in the U.S. (and some say the actual unemployment rate is really closer to 20% or more), and “homeowners” losing their homes at an unprecedented rate, this recession seems like a good deal more than what some would have us to believe.

In fact, more people are raising the term “depression” to describe our current economic crisis. Gluskin Sheff economist, David Rosenberg, told CNBC that “current economic conditions” are “a depression, and not just some garden-variety recession.” Whatever you want to call it, it seems as though the current financial crisis is not going anywhere for some time.

Interestingly, there is a story in the Old Testament book of Genesis (chapter 41) about a Hebrew man named Joseph who was living in Egypt, which was a world power at the time. Pharaoh, the king of Egypt, received a disturbing dream, but he was unsure of what it meant. He called Joseph, who was known to be able to interpret dreams, and asked him what the dream meant.

Joseph’s interpretation was stark: After seven years of great plenty, there would be seven years of severe famine. In a modern context, we could say Joseph was forecasting a seven-year economic meltdown. Pharaoh very wisely decided to allow Joseph to lead the Egyptian government in figuring out how they would survive the coming depression. Joseph’s plan was quite simple, really. During the seven years of plenty, he decided to store up the surplus so that when the hard times came, the country would still have enough to eat. As a result, Egypt and the surrounding nations survived the famine.

Joseph was able to interpret Pharaoh’s dream and construct an effective plan for surviving the disaster because he trusted in God’s wisdom. Joseph’s Heavenly Father cared for him, and helped him to see the best way to avoid an economic disaster where millions of people could have starved to death.

Did you know that Joseph’s Heavenly Father is still alive today, and that He loves you just as He loved Joseph, and that He wants to help you and your family survive the difficult economic times that we face. If you want the peace and assurance of knowing that you have a relationship with the God who will give you wisdom and guide you through difficult situations, please read the following to find out how you can have a personal relationship with Him.

In a world of much uncertainty, you can be certain about one thing: God knows everything about you: everything you have ever done; everything you have ever said; and every thought you have ever had. God, our Heavenly Father, is the Creator and Sustainer of the the universe. He created all humans, and cares for us and loves us deeply. When Adam and Eve, the first man and woman on earth, sinned against God in the Garden of Eden, God had to separate humanity from Himself. He did this because He is holy and cannot be associated with sin.

However, God was grieved to have to do this, and because He loves us deeply, He put a plan in motion to bring sinful humanity back to himself. “For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life” (John 3:16). Our Heavenly Father gave His all to try and reestablish a relationship with us.

He sent His only son Jesus Christ to take our sins upon Himself and be punished for them on the cross of Calvary. Why did He do this? He did it for you and for me.

Nearly 2,000 years ago, God sent His only Son, Jesus Christ, to the earth to suffer and die for the sins of humanity. If God hadn’t done this, we would all have to be punished for our own sins. The punishment for sin–even just one sin–is death. The Bible states in Romans 6:23 that “the wages of sin is death…

Because Jesus Christ suffered and died for your sins and for mine, He now offers each and every one of us a free gift of eternal life. God wants us to accept this free gift, so that when we die, we can leave this earth to go and live in Heaven with Him forever. John 3:17-18 says, “For God did not send His Son into the world to condemn the world, but that the world through Him might be saved. He who believes in Him is not condemned; but he who does not believe is condemned already, because he has not believed in the name of the only begotten Son of God.

Would you like to know Jesus Christ as your personal Lord and Saviour right now? Even in the midst of uncertainty, doubt, and fear, Jesus Christ will always be with you, ready to lead you and guide you into His perfect light. Here is how to accept His free gift of salvation today:

1. Understand that you are a sinner, and that you have broken God’s law. The Bible says in Ecclesiastes 7: 20: “For there is not a just man upon earth that doeth good, and sinneth not.” Romans 3:23: “For all have sinned and fall short of the glory of God.

2. Understand that there is punishment for sin. The Bible states in Romans 6:23: “For the wages of sin is death…

3. Understand that without Jesus Christ, when you die, you will end up in hell. Jesus Christ said in Matthew 10:28: “And do not fear those who kill the body but cannot kill the soul. But rather fear Him who is able to destroy both soul and body in hell.” The Bible says in Revelation 21:8: “But the cowardly, unbelieving, abominable, murderers, sexually immoral, sorcerers, idolaters, and all liars shall have their part in the lake which burns with fire and brimstone, which is the second death.

4. Understand that you cannot do anything to save yourself! Good works, attending church, living a clean life will not work. The Bible states in Ephesians 2: 8, 9: “For by grace you have been saved through faith, and that not of yourselves; it is the gift of God, not of works, lest anyone should boast.

5. Understand that God loves you more than you love yourself, and that He wants to save you from hell. “For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life.” (Jesus Christ, John 3:16).

If you are willing to trust Christ as your Saviour and receive Jesus Christ’s free gift of eternal life, please pray with me the following prayer:

Heavenly Father, I realize that I am a sinner and that I have sinned against you. For Jesus Christ’s sake, please forgive me of all of my sins. I now believe with all of my heart that Jesus Christ died, was buried, and rose again for me. Lord Jesus, please come into my heart, save my soul, change my life, and fill me with your Holy Spirit today and forever. Amen.

Did you pray this prayer?


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  1. Recession? Depression? What Does it Matter? | Gospel Light Society

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