Brethren & Co-Workers Letter - January 01, 1970 - Herbert W Armstrong - January 01, 1970

Herbert W Armstrong

What is happening to the United States now? Suddenly government and financial circles are sounding the alarm. The inflation spiral has now reached danger-signal proportions. And there seems no end to the skyrocketing of prices! The whole world is aflame with local wars and troubles here and there! The dollar, once the world's monetary standard, has skidded to its lowest value in foreign markets. United States prestige has sunk to an all-time LOW! A move of Iranian students, approved by the Moslem religious leader Khomaini, takes as hostages the U.S. Embassy staff, blackmails the United States, and, in effect, thumbs their noses at us! Other LITTLE nations insult and defy the U.S.—Cuba and Panama. - Information Supplied By: Herbert W Armstrong Library