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Tuesday, September 21, 2021

Debt problem may be catching up with China—Told you so.

 Evergrande Default Could Rock China’s Entire Economy: "China’s public debt already stands at 270 percent of GDP, and non-performing loans have hit $466.9 billion." https://www.theepochtimes.com/mkt_morningbrief/evergrande-default-could-rock-chinas-entire-economy_4000625.html

Below is the data I compiled several years ago. Notice CHINA ON THE BOTTOM ROW! Net Wealth Times Government Debt. 

See: WorldWealth101.com: https://www.worldwealth101.com/2019/01/real-government-debt-coverage-by-country.html

Calculated and estimated using available 2014 through 2017 data; in US Dollars (USD).



Monday, September 20, 2021

Reflections on the Battle Hymn of the Republic

 "Go throughout the city of Jerusalem and put a mark on the foreheads of those who grieve and lament over all the detestable things that are done in it (Ezek. 9:4). Who is grieved to see how far America has fallen away when we read the Battle Hymn of the Republic? copied from: https://www.austincc.edu/.../BattleHymnoftheRepublic.htm
Cover of sheet music for "The Battle Hymn of the Republic"
Cover of sheet music for "The Battle Hymn of the Republic" words by Mrs. Dr. S.G. [Julia Ward] Howe, Boston: Oliver Ditson & Co., 1862. https://en.wikipedia.org/wiki/Battle_Hymn_of_the_Republic

Originally a camp-meeting hymn "Oh brothers, will you meet us on Canaan's happy shore?" it evolved into John Brown's Body. Then in 1861 Julia Ward Howe wife of a government official, wrote a poem for Atlantic Monthly for five dollars. The magazine called it, Battle Hymn of the Republic. The music may be by William Steffe.

Mine eyes have seen the glory
Of the coming of the Lord;
He is trampling out the vintage
Where the grapes of wrath are stored;
He hath loosed the fateful lightning
Of His terrible swift sword;
His truth is marching on.
Chorus
Glory! Glory! Hallelujah!
Glory! Glory! Hallelujah!
Glory! Glory! Hallelujah!
His truth is marching on.
I have seen Him in the watchfires
Of a hundred circling camps
They have builded Him an altar
In the evening dews and damps;
I can read His righteous sentence
By the dim and flaring lamps;
His day is marching on.
Chorus
He has sounded forth the trumpet
That shall never call retreat;
He is sifting out the hearts of men
Before His judgement seat;
Oh, be swift, my soul, to answer Him;
Be jubilant, my feet;
Our God is marching on.
Chorus
In the beauty of the lilies
Christ was born across the sea,
With a glory in His bosom
That transfigures you and me;
As He died to make men holy,
Let us die to make men free;
While God is marching on.
Chorus
Glory! Glory! Hallelujah!
Glory! Glory! Hallelujah!
Glory! Glory! Hallelujah!
His truth is marching on.