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On average, the government of the USA is increasing its debt by about $3,000,000,000 per day:

Another Day Older and Deeper in Debt

October 24, 2018

Official US national debt exceeds $21 trillion. National debt increases over $3 billion per day.

Another day older and $3 billion deeper in debt!

The U.S. government pays the interest by issuing new debt. But that new debt increases total debt and (eventually) drives up interest rates, which requires more borrowing to pay the annual interest payments. Another year older and deeper in debt! A reset will occur when the debt load becomes too heavy. …

Our economy runs on low interest rates, credit and ever-increasing debt – auto loans, corporate loans, credit cards, mortgages, etc. Most retail transactions use plastic cards. The banking cartel takes their cut. Confidence holds the game together. But rising interest rates cut profits, increase debt service, and bankrupt marginal companies and households! https://www.sgtreport.com/2018/10/another-day-older-and-deeper-in-debt/

What is a financial reset?

Basically, some type of revaluation of currency and/or different type of currency according to various ones.

Here is one view from Willem Middelkoop, author of The Big Reset:

A system reset seems imminent. The world’s financial system will need to find a new anchor around 2020. Since the beginning of the credit crisis, the US realized the dollar will lose its role as the world’s reserve currency, and has been planning for a monetary reset. This reset will be designed to keep the US in the driver’s seat, allowing the new monetary system to include significant roles for other currencies such as the euro and China’s renminbi. Gold could well be re-introduced as one of the pillars of the new global financial system. By looking past the American ‘smokescreen’ surrounding gold and the dollar long ago, China and Russia have been accumulating massive amounts of gold reserves, positioning themselves for this more prominent monetary role for gold in the future. The reset will come as a shock to many. The Big Reset will help everyone who wants to be fully prepared. accessed 10/24/18 http://www.thebigresetblog.com/index.php/the-book/

Banks presumably would be closed for a time and there would be panic among many.

Before going further, the Bible tells of a ‘reset’, if you will, because of debt in Habakkuk:

6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his — how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you, Because of men’s blood And the violence of the land and the city, And of all who dwell in it.  (Habakkuk 2:6-8)

This will be the end of the most indebted nation of all time–which is the USA–the USA will be destroyed as a nation–but that cannot happen as soon as 2020 (for some details about that, see When Will the Great Tribulation Begin?). That fulfillment of Habakkuk 2:7-8 will force a ‘reset’ on the world, though various steps towards a reset will precede that destruction–including possibly currency revaluations and changes.

With the USA out of the way, the Babylonian European Beast power will truly dominate trade and the financial world. According to scripture, that power will have gold:

40 “At the time of the end…43 He shall have power over the treasures of gold and silver (Daniel 11:40,43)

14… And the wealth of all the surrounding nations Shall be gathered together: Gold, silver, and apparel in great abundance. (Zechariah 14:14)

12 … merchandise of gold and silver, precious stones and pearls … 16 … ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:12, 16)

Presumably gold will be considered as a pillar backing up the new system–consistent with what Willem Middelkoop opined.

Here is another view of a financial reset:

Financial Reset: …

First things first. It’s not a currency Reset or revaluation. It’s a Currency Re-denomination. …

Think about it. If someone hears that the banks are closed, what would be his or her immediate reaction? …

Another issue that became a trend in alternative media lately is either the new system is the “Beast” of a new world order, the catalyst for a futuristic cashless society managed by a centralized more benevolent world order or a truly organic society with decentralized government or finances, living as sovereign individuals in oneness.

My answer is: we don’t know. It’s just smoke and screens out there. Remember that the first casualty when war comes is truth. But we can’t just wait and watch. This could have dire consequences, usually something like feeling miserable in the end because things didn’t turn out as expected.

There is only one absolute certainty at this point and that is the current system… demolition. …

Some banks at least have to survive to have a global re-denomination of currencies. accessed 10/24/18 https://prepareforchange.net/financial/financial-reset-the-good-the-bad-and-the-ugly/

The unlisted author of the above is correct that many in the ‘alternative media’ have speculated about a financial reset. The author, while not being sure, is correct that some believe that the Beast will dominate a ‘new world  order.’  That is consistent with prophecies in Revelation, Daniel, and elsewhere.

But it is not just the ‘alternative media’ that have speculated about a financial reset.

Notice something from MIT research:

MIT Computer Model Predicts Dramatic Drop In Quality Of Life To 2020, “End Of Civilization” By 2040

August 16, 2018

A computer model that was originally developed in 1973 by a group of scientists at MIT is warning that things are about to dramatically change.

If the computer predictions are accurate, our standard of living will start to decline dramatically around the year 2020, and we will witness the “end of civilization” around the year 2040.  …

Society is crumbling all around us, and the elements for a “perfect storm” are definitely coming together. …

The computer model appears to be primarily concerned with natural resources, pollution and population levels, but other factors should be considered as well. https://www.zerohedge.com/news/2018-08-15/mit-computer-model-predicts-dramatic-drop-quality-life-2020-end-civilization-2040

Prophecy also points to a time in the next decade or so for the end of civilization as we know it.

Jesus said “troubles” were coming (Mark 13:8).

Forbes put out the following by John Mauldin:

Brace Yourself For ‘The Great Reset’

We are coming to a period I call “the Great Reset.”

As it hits, we will have to deal with the largest twin bubbles in the history of the world. One of those bubbles is global debt, especially government debt. The other is the even larger bubble of government promises.

These promises add up to hundreds of trillions of dollars. That’s vastly larger than global GDP.

These are real problems we must face. It will mean forging a new social contract. It will also require changes to taxes and the economy. I believe that within the next 5–10 years, we have to end the debt and government promises. …

Even worse, interest rates are slowly rising. As they do, so too does the cost of debt. In the US, according to my friend Terry Savage:

Interest on the national debt is the third largest component of our annual Federal budget—after social programs and military spending. In the most recent fiscal year, we paid $240 billion in interest on the national debt.

Now, with the Fed hiking rates, interest costs are set to soar. The Congressional Budget Office estimates that every percentage point hike in rates will cost $1.6 trillion over the next ten years!

That 1% rate hike will take roughly 3% more of our taxes every year. https://www.forbes.com/sites/johnmauldin/2017/05/31/mauldin-brace-yourself-for-the-great-reset/#1c792d695d38

Forbes also put out the following, written by John Mauldin, related to troubles and a financial reset:

The 2020s Might Be The Worst Decade In U.S. History

The U.S. and/or European recession will become a global recession, as happened in 2008.

Europe has its own set of economic woes and multiple potential triggers. It is quite possible Europe will be in recession before the ECB finishes this tightening cycle.

As always, a U.S. recession will spark higher federal spending and reduce tax revenue. So I expect the on-budget deficit to quickly reach $2 trillion or more. Within four years of the recession’s onset, total government debt will be at least $30 trillion. …

The Great Reset

Unemployment may approach the high teens by the end of the decade and GDP growth will be minimal at best.

What do you call that condition? Certainly not business as usual.

Long before that happens, the Federal Reserve will have engaged in massive quantitative easing. …

The world simply has too much debt, much of it (perhaps most) unpayable. At some point, the major central banks of the world and their governments will do the unthinkable and agree to “reset” the debt.

How?

It doesn’t matter how, they just will. They’ll make the debt disappear via something like an Old Testament Jubilee.

I know that’s stunning, but it’s really the only possible solution to the global debt problem. …

As we get into the 2020s, the presidency and Congress will again be whipsawed, and we will begin to discuss Bernie Sanders’ “crazy” universal basic employment idea, or others like it.

By then, the idea will not be considered crazy, but the only feasible choice. Even conservative politicians can see the light when they feel the heat.

All of this is going to lead to the most tumultuous decade in U.S. history, even if we somehow (hopefully) avoid throwing a war into the mix

If we somehow get through all that, and particularly the Great Reset, the 2030s should be pretty good. https://www.forbes.com/sites/johnmauldin/2018/05/24/the-2020s-might-be-the-worst-decade-in-u-s-history/#1fefec1e48d3

Yes, the Old Testament does mention a debt jubilee.

Related to Forbes and the next decade, we made a video:

Forbes 2020s Might Be The Worst Decade In U S History

Forbes posted an article by John Mauldin titled “2020s Might Be The Worst Decade In U.S. History.” The article claimed that US debt is destined to rise dramatically as well as cause financial problems with Europe. He claimed that unemployment would greatly increase as well. He claimed a reset, like a biblical jubilee debt release, would be the logical solution. He claimed that the 2030s were then likely to be good. Could the 2020s be the worst decade in USA history? How might Habakkuk 2 play into any of this? What about Jeremiah 30? Could Jesus possibly return towards the end of the decade? Could the USA experience sorrows, troubles, and possibly the Great Tribulation in the 2020s? Could the 6000 years be over then? Could the 2030s be a fantastic time ushering in the millennium? Dr. Thiel addresses these issues and more.

Here is a link: Forbes 2020s Might Be The Worst Decade In U S History.

As far as a debt jubilee goes, such a thing is biblical for individuals.

Biblically, this was to be sounded by a trumpet every 50 years (Leviticus 27:16-24).

But the Bible does not discuss national debt default occurring then. Plus now, foreigners and others owed money will NOT be pleased (cf. Habakkuk 2:6-8. Others have called for a debt jubilee, and I have reported about it before (see Trump signs new debt increase. Are Americans to soon demand a debt-cancelling Jubilee?).

Now, there are a couple of points to consider.

First, yes, I expect the USA to continue to increase its debt. The more it does this the more difficult it is to actually pay the debt back. And eventually, when interest rates rise enough that would devastate the US economy.

But secondly, I want to focus on the possibility that the decade of the 2020s may end up being the worst in US history.

While, because we have not seen a peace deal and the related confirmation as discussed in Daniel 9:26-27 (see also The ‘Peace Deal’ of Daniel 9:27), the Great Tribulation will NOT begin until after the first term of Donald Trump’s Administration, the decade will NOT START off with the Great Tribulation Jesus spoke of in Matthew, the USA could experience sorrows and troubles as Jesus also foretold would happen before then:

4 “Tell us, when will these things be? And what will be the sign when all these things will be fulfilled?”

5 And Jesus, answering them, began to say: “Take heed that no one deceives you. 6 For many will come in My name, saying, ‘I am He,’ and will deceive many. 7 But when you hear of wars and rumors of wars, do not be troubled; for such things must happen, but the end is not yet. 8 For nation will rise against nation, and kingdom against kingdom. And there will be earthquakes in various places, and there will be famines and troubles. These are the beginnings of sorrows. (Mark 13:4-8)

Now let’s consider some other reasons that it is possible that the 2020s will be the worst in the history of the USA.

Many early professors of Christ believed that God had given humanity 6,000 years to live on its own, no longer under God’s direct rule (see also Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End?).

This was to be followed by a millennial kingdom of God and reign of Jesus (see also Did The Early Church Teach Millenarianism?).

What does any of this have to do with the decade of the 2020s?

While based on various calculations and estimates I am familiar with, there is a high probability that the 6,000 years will end in the latter half of that decade.

That being the case, the Great Tribulation of Matthew 24:21, also called “the time of Jacob’s trouble” (Jeremiah 30:7), would begin in the decade of the 2020s.

Now, some people believe that the 6,000 years are over. Some believed in the calculations from the 17th century made by a non-COG historian, James Ussher, who was the Anglican Archbishop of Armagh (in what is now Northern Ireland).

He primarily based his calculations upon the chronologies and reigns of kings in the Old Testament to conclude that the world was created in the Fall of 4004 B.C. There are several problems that can arise from using James Ussher’s method:

1) The first is that Ussher’s method did not seem to take into account the fact that sometimes a son began to reign in a kingdom before his father king died (which, for one example, is the case with Solomon, see 1 Kings 1:32-43), hence the official chronologies often counted both co-reigns (hence this could contribute to possible over counting by Ussher).

2) He made some errors in some of his calculations.

3) James Ussher guessed that Solomon built the Jerusalem Temple in 1012 .B.C., but it was likely decades later.

4) It is almost certain that the 6,000 years for humans to rule over themselves apart from direct contact with God began after Adam sinned, and hence left the Garden of Eden (cf. Genesis 3:24). It is possible that this could have taken from one day to twenty or so years–the Bible is not specifically clear on this point.

Thus, even if some of Ussher’s calculations were accurate, there still would be time left as he did not really attempt to prove when Adam and Eve were put out of the Garden of Eden–he only attempted to calculate the possible year of creation based upon his own limited understandings of biblical chronologies and other historical indicators (at least one of which seems to have been in error). Therefore, people who rely on Ussher’s 4004 B.C. calculations to claim that the 6000 years are up seem to be relying on assumption as opposed to fact.

Some who now point to Ussher do so to discredit the idea of a 6000-7000 year plan. But since Ussher was not completely accurate, this does not dismiss the basic concept.

The best calculations that I am aware of point to the decade of the 2020s or 2030s for the 6,000 years to end (for details, see Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End?).

Presuming it is up in the 2020s, this would be the worst decade in history for the USA and various other nations.

Notice what Jesus taught:

21 For then there will be great tribulation, such as has not been since the beginning of the world until this time, no, nor ever shall be. 22 And unless those days were shortened, no flesh would be saved; but for the elect’s sake those days will be shortened. (Matthew 24:21-22)

Jesus also calls this something else in Revelation 3:10:

the hour of trial which shall come upon the whole world, to test those who dwell on the earth.

Now, if that hits in the decade of the 2020s, it will be a horrific time. The rise of US debt was listed by me as number 10 of 18 items to prophetically watch in 2018 (here is a link to a related sermon: 18 items to prophetically watch in 2018).

Interest rates are rising and US President Trump has been complaining about that.

But if the US federal government did not have so much debt, it would not be that big a deal–but because the US government does, interest rate rises will one day prove devastating.

The Anglo-American world order will come to an end. Accumulation of debt, and then having to pay historically ‘normal’ interest rates will strain the national economies of the USA and UK more than almost anyone will believe. It will be a financial crisis beyond what John Mauldin and most others would consider possible.

Those who think the current world order with the USA’s dollar on top will last several decades are in error.

The idea that the debt does not matter is a false and arrogant belief.

The Bible teaches:

18 Pride goes before destruction, And a haughty spirit before a fall. (Proverbs 16:18)

It is prideful arrogance that gets humans to think that they can essentially completely control the economy and just borrow and print up money. They cannot. Weather, political events, diseases, wars, morality, technology, and other factors play a role.

The type of ‘reset’ coming will be horrific.

Those who will believe the Bible will take the words that God spoke to the prophet Habakkuk seriously.

If this fulfillment happens in the 2020s, could John Mauldin be correct when he wrote, “If we somehow get through all that, and particularly the Great Reset, the 2030s should be pretty good”?

Yes.

Notice the following:

5 “For thus says the Lord: ‘We have heard a voice of trembling, Of fear, and not of peace. 6 Ask now, and see, Whether a man is ever in labor with child? So why do I see every man with his hands on his loins Like a woman in labor, And all faces turned pale?

7 Alas! For that day is great, So that none is like it; And it is the time of Jacob’s trouble, But he shall be saved out of it. 8 ‘For it shall come to pass in that day,’ Says the Lord of hosts, ‘That I will break his yoke from your neck, And will burst your bonds; Foreigners shall no more enslave them. 9 But they shall serve the Lord their God, And David their king, Whom I will raise up for them. 10 ‘Therefore do not fear, O My servant Jacob,’ says the Lord, ‘Nor be dismayed, O Israel; For behold, I will save you from afar, And your seed from the land of their captivity. Jacob shall return, have rest and be quiet, And no one shall make him afraid. 11 For I am with you,’ says the Lord, ‘to save you; Though I make a full end of all nations where I have scattered you, Yet I will not make a complete end of you. But I will correct you in justice, And will not let you go altogether unpunished.’ (Jeremiah 30:5-11)

This is a prophecy for the descendants of Jacob, which includes nations like the USA (see also Anglo – America in Prophecy & the Lost Tribes of Israel) which will be scattered during the Great Tribulation (for details, see also Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves?).

Notice that the time of trouble will end.

Americans, and others, will then serve the Lord their God.

This will happen in the millennial Kingdom of God.

This will be a time of abundance and prosperity.

Presuming God’s Kingdom is established by or during the 2030s, it will be better than pretty good.

Pray for the Kingdom of God to come (Matthew 6:10).

Yet, expect troubles and tribulation before then (Mark 13:8-20).

A ‘reset’ will be coming to the world.

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This entry was posted on Wednesday, October 24th, 2018 at 6:30 am and is filed under Prophecy.

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