Tuesday, March 11, 2008

Signs of the Time?

Check this out:


What's this world coming to? Well, Revelation 6:6 comes to mind:

"And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine."

A "penny" is a denarius, equal to a day's wage. The daily wage in Nigeria is about $2.00 a day (median per capita is $560). But that does not stop the local middle class from spending half a day's wage for a serving of bread in the morning:

“I must eat bread and tea in the morning. Otherwise, I can’t be happy,” Mr. Sule said as he sat on a bench at a roadside cafe a few weeks ago. For a breakfast that includes a small loaf, he pays about $1 a day, twice what the traditional eba would have cost him.

To save a few pennies, he decided to skip butter. The bread was the important thing.

“Even if the price goes up,” Mr. Sule said, “if I have the money, I’ll still buy it.”

Addicted to wheat bread! Who would have thought? Though the economy looks like it is headed into a recession, things are looking up for America's farmers. STILL the breadbasket of the world, our market is growing! Even those that had very little NEED for wheat bread (like in Nigeria) are demanding the product! They can't grow much themselves, so the price is increasing towards their daily wage.

Is the end near? How much time do we have left? Will Africa's population "self-destruct"? So many questions? So little time!

Or, will everything work itself out? Supply-side economics and all that! Time, as usual, will tell all. Just you wait!

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