The Post-Rapture Economic Collapse
by Joseph "Rick" Reinckens II, B.A., J.D, Attorney at Law
The Post-Rapture Economic Collapse
1997 by Joseph "Rick" Reinckens II, B.A., J.D, Attorney at Law
As a service of the Focus on
Jerusalem Prophecy Ministry, the following article relative to a post rapture
economic collapse in America is provided as food-for-thought. Many scholars of
eschatology speculate about the fate of the United States in Bible Prophecy,
and an economic collapse in the US in the post-rapture era is certainly
viable, and would most certainly have an enormous impact upon the
superstructure of the world order during the post-rapture era. The Rapture
will set the stage for the rapid emergence of the Ten Kings at the outset of
the Tribulation era, and they will agree to grant world power unto the
Antichrist. This article is written by an attorney, and does not include any
details about how the Tribulation world order under the authority of the
Antichrist will explain the sudden disappearance of millions of people. But
again, as I say, this article is interesting food-for-thought. Personally, I
think there will be many other world wide cataclysms in time-conjunction with
the rapture event, as well as the economic scenario.
To date, discussions of the Christian Rapture have
been written by theologians, not businessmen. As a lawyer and accountant
interested in eschatology, when I saw the prophetic video Left Behind,
I couldn't help but recognize the inevitable economic consequences. Indeed,
they will be so severe and immediate that the Rapture will not only be the
removal of the Church and the Restrainer from the world of men, in fact, the
Rapture itself will be the opening volley in the final battles between Good
and Evil. The Rapture will directly determine who will be the major
"players" in the end-time scenario.
One often wonders "Where will the United States fit
in?" "Why doesn't the United States seem to have a significant role before
the Antichrist's one-world government comes to power?" "Why is it that
Russia, China, and the Arab states hold major roles but the United States, the
only remaining superpower, seems strangely absent, even when nuclear war
breaks out?" Journalist and theologian Dr. Jimmy DeYoung has pointed out
that once its Christian population is removed, the United States views and
policies will not differ substantially from those of other nations. (even
Additionally, this is a struggle between ancient
powers, not Johnny-come-latelies, the nouveau-riche and nouveau-powerful are
not invited. The Lord is brilliant and fearsome in battle, God will remove
the US as a major player with a devastating and debilitating attack on its
most vulnerable flank -- its economy.
Job 31:24-25, 28 [NIV]  "If I have put my trust
in gold or said to pure gold, `You are my security,'  if I have rejoiced
over my great wealth, the fortune my hands had gained, ...  then these
also would be sins to be judged, for I would have been unfaithful to God on
Psalms 52:6-7 [NIV]  The righteous will see and
fear; they will laugh at him, saying,  "Here now is the man who did not
make God his stronghold but trusted in his great wealth and grew strong by
Psalms 118:8-9 [NIV]  It is better to take refuge
in the LORD than to trust in man.  It is better to take refuge in the
LORD than to trust in princes.
Psalms 146:3-5 [NIV]  Do not put your trust in
princes, in mortal men, who cannot save.  When their spirit departs, they
return to the ground; on that very day their plans come to nothing. 
Blessed is he whose help is the God of Jacob, whose hope is in the LORD his
Particularly in the US today many people rely on
insurance, investments, and doctors, without any thought of God. God will deal
with this at the beginning of the Tribulation. Consider that, more than in any
other nation, most American wealth is not stored in forms that have
intrinsic value such as gold, diamonds, real estate in possession, etc. Most
American wealth is stored on paper that has no intrinsic value, e.g.,
Certificates of Deposit, shares of stock, annuities, (investment) real estate
1 Thessalonians 4:16-17 says that
Christ will take all Christians from the Earth.
1 Corinthians 15:51 says
Christians will all be changed in the twinkling of an eye, at the last
trumpet. The video Left Behind depicts the scene immediately
following, millions of collisions involving vehicles of all kinds, including
pilotless jumbo jets, etc. However, the economic consequences of such events
will be even more catastrophic than the physical damage.
Of course, those who traditionally prey on the
misfortune of others can be expected to take advantage of the situation. Many
who handle large amounts of cash can be expected to transfer funds to their
own account and abscond, just another victim of the "unexplained
disappearance." And yet, this will prove to be a minor concern.
Over the two weeks immediately following the
Rapture, hundreds of millions of insurance claims will be filed worldwide,
seeking tens of trillions of dollars in insurance benefits, far more than the
reserves of all insurance companies in the world. Within a month after the
Rapture, most insurance companies will be on the verge of bankruptcy. Within
six months, the insurance industry will no longer exist. People who trusted in
their accumulated wealth and lost property or loved ones in the Rapture will
not be able to recover insurance benefits.
(Parenthetically, in the US this will lead to a
massive increase in lawsuits for negligence, property damage, breach of
insurance contracts, deceptive insurance practices, etc.) Within days after
the Rapture financial advisors will realize that collapse of the insurance
industry is imminent and unavoidable. They will issue bulletins advising their
clients "If you own any stock in any company that has any strong ties to an
insurance company, sell the stock now, for whatever you can get. Take the hit
now, while the stock is still worth something."
This will trigger panic selling by large
shareholders such as mutual funds, retirement funds, etc. Most banks, major
corporations, and insurance companies have strong ties to each other. Major
corporations have lines of credit with banks. Many insurance companies own
large blocks of stock in banks and vice-versa. Within hours after the
bulletins there will be a drop of several hundred points in major stock
For a number of years, major stock brokerages have
constantly monitored the world's financial markets by computer. The drop of
several hundred points will trigger programmed selling, computers
automatically issuing buy or sell orders. The result will be the largest stock
market crash ever, 1000-2000 points in the first day. The governments of the
major financial powers will have no choice but to suspend trading in all the
major stock exchanges. Of course, this will greatly increase the panic among
the general population.
At the same time, as people realize a major stock
market crash is in progress, there will be a run on banks, as there were in
the 1930's and, to a lesser extent, in the mid-1980's. Once again, the major
financial powers will step in, freezing all banking transactions in the major
nations. Credit cards and other kinds of bank credit will instantly cease. And
once again, this will greatly increase panic.
With employers and governments unable to access
frozen bank accounts, people won't be paid, bills won't get paid, etc.
Unemployment will become rampant. Meanwhile, throughout the world, hundreds of
millions of people who work for small businesses will show up at work and find
that the lawyer, the doctor, the CPA, the shop-keeper, or other business owner
they worked for has vanished, so they are out of a job. Within two weeks after
the Rapture the number of unemployment claims will skyrocket, bankrupting
unemployment insurance programs in the major countries.
Both panic and anger will skyrocket as people
realize their wealth is about to evaporate and they are helpless to prevent
it. Panic hoarding of food, medical supplies, gasoline, heating oil, and
similar commodities will erupt. Runaway inflation, gas lines and rationing
will begin. Keep in mind that this will probably be within the first two weeks
after the Rapture. These events will have a domino effect in most communities.
The great uncertainty and sudden massive decline in most people's financial
situation will cause major social upheavals.
The US will be hardest hit because it has the
largest economy, a large national debt, an economy that is largely cashless,
an economy based on credit, and a population greatly divided by race,
ethnic origin, gender, color, religious beliefs, regional rivalries, cultural
differences, and financial status. Also, many of its people have developed a
mindset that they are entitled to jobs, good income, social status, and
material wealth and success without substantial effort to earn those things.
Isaiah 2:5-9 [NIV]  Come, O house of Jacob, let us
walk in the light of the Lord.  You have abandoned your people, the house
of Jacob. They are full of superstitions from the East; they practice
divination like the Philistines and clasp hands with pagans.  Their land
is full of silver and gold; there is no end to their treasures. Their land
is full of horses; there is no end to their chariots.  Their land is full
of idols; they bow down to the work of their hands, to what their fingers
have made.  So man will be brought low and mankind humbled -- do not
forgive them.  Go into the rocks, hide in the ground from dread of the
Lord and the splendor of his majesty!  The eyes of the arrogant man will
be humbled and the pride of men brought low; the Lord alone will be exalted
in that day.
Contrasted to the US economic system, there are a
number of countries where wealth is stored less in the form of paper, and more
in the form of tangible assets with intrinsic value. In particular, the
Arab states will still be sitting on billions of barrels of crude oil, at a
time when the financial markets of the major powers will be crumbling.
Also, there are several major powers where very little wealth is stored "on
paper", particularly Russia and China. In fact, in the short run these
countries are likely to see an improvement in their quality of life, since
their leading economic competitors, the US and the European Union will be in
the grip of a crippling depression.
Obviously, the best way to prepare for this scenario
is to take the last flight out.