Church of God News

That is unbelievable!  The so-called main reason the economy is not doing better is because people in the USA need a raise?

The people of the USA have been subsidizing their lifestyle for decades on billions and trillions of dollars borrowed from foreigners.  If it were not for that, people in the USA would really see how badly they are doing economically.

But notice that the CBS writer picked a time in the 1970s.  I would like to go back a few years in the 1970s or even the 1960s.  The time was that the USA was the biggest creditor nation in the world, but no more–it has become the biggest debtor nation in human history.  Since states in the USA began to “liberalize” or repeal anti-abortion laws, the economic situation in the USA began to change (bolding and italics in source):

Until 1970, the United States had a trade surplus and an inflow of money sometimes called a favorable balance of trade. After 1970, for the first time in a century, the United States was buying more goods abroad than it sold. It moved from a trade surplus to a trade deficit, when imports exceed exports, and money was flowing out of the United States in payments to foreign countries for imports. Since 1970, the unfavorable trade balance and trade deficit has grown…

After World War II until 1970, the United States was a creditor nation lending money to other countries. As a creditor nation, other countries owed more money to the United States than the United States owed to foreign countries.

After 1970, the United States became a net debtor nation. As a debtor nation, the United States owes more money to foreign countiress than the foreign countries owe the United States. The United States is now the largest debtor among all nations. (Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip Anthony O’Hara. Economics: An Introduction to Traditional and Progressive Views, 7th edition. M.E. Sharpe, 2008, p. 175)

It should be pointed out that although others believe that the line from an overall creditor to debtor nation happened in the 1980s (as opposed to annually which began around 1971), the process began earlier:

March 22, 2010 – Only a few decades ago, the United States was the world’s largest creditor nation.  American capital spanned the globe financing all types of investments in virtually every country.  But that dominance began to erode in the 1960s…By the 1980s, the inevitable happened.  As generations of accumulated wealth disappeared, a line was crossed.  America now owed more to the rest of the world than the world owed to it.  The United States had become a debtor nation, and it has continued to run up the tab in the decades since. (Turk J. Debtor Nation. http://www.fgmr.com/debtor-nation.html viewed 04/03/13)

Notice two public statements from US President Barack Obama:

Beyoncé could not be a better role model for my girls. (Barack Obama: Beyoncé is the perfect role model for my daughters. The Guardian, September 20, 2012)

{Abortion} I remain committed to protecting a woman’s right to choose and this fundamental constitutional right. (January 22, 2012: President Obama’s statement issued on the 39th anniversary of Roe v. Wade. Shown at 2012.Presidential-Candidates.org)

Beyoncé is a female American singer who often seems to violate standards of modesty (cf. 1 Timothy 2:9). Abortion is murder, and abortion is wrong. As is celebrity pornography.  Pornography, celebrity as well as hard core, also began to be more ‘legalized’ about the same time as abortions did.  Although he did not begin the trend, the current USA president has endorsed both abortion and celebrity pornography.  Such practices should not be approved.

Notice the following:

18 For the wrath of God is revealed from heaven against all ungodliness and unrighteousness of men, who suppress the truth in unrighteousness … 29 being filled with all unrighteousness, sexual immorality, wickedness, covetousness, maliciousness; full of envy, murder, strife, deceit, evil-mindedness; they are whisperers, 30 backbiters, haters of God, violent, proud, boasters, inventors of evil things, disobedient to parents, 31 undiscerning, untrustworthy, unloving, unforgiving, unmerciful; 32 who, knowing the righteous judgment of God, that those who practice such things are deserving of death, not only do the same but also approve of those who practice them. (Romans 1:18, 29-32)

ALL the bolded terms above and more apply to the promoters of abortion and/or pornography.  Notice also how strongly the Bible condemns those actions as well as those who approve such activities.

Promoting and/or approving biblically-condemned actions is dangerous and puts the U.S.A. at increasing risk God’s judgment (Romans 1:32). And some of that judgment is upon us: The rate of USA indebtedness also has greatly accelerated since 2008. And the USA is far and away the most indebted nation of all time.  Real wages have been fairly stagnant.

The Bible warns that leaders can cause people to do worse and have major problems:

12 As for My people, children are their oppressors, And women rule over them. O My people! Those who lead you cause you to err, And destroy the way of your paths.” (Isaiah 3:12)

16 For the leaders of this people cause them to err, And those who are led by them are destroyed (Isaiah 9:16).

To consider that since movement in the USA towards the Roe vs. Wade decision in 1973, not only have 55,000,000 or so babies been aborted/murdered, the USA has gone from being the world’s largest creditor nation to the world’s largest debtor nation. This is not good (see also Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term).

According to the Bible, debt is a curse of disobeying God:

43 “The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 “Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed, because you did not obey the voice of the Lord your God, to keep His commandments and His statutes which He commanded you. (Deuteronomy 28:43-46)

The destruction of the USA is coming and abortion in one of the many reasons (see also Anglo-America in Prophecy & the Lost Tribes of Israel).

Also notice what has happened to the economy of the United States:

In real terms, as mentioned above, US growth in the 21st century seems to have fallen back to medieval levels. Why?…Because the economy failed to produce real growth. After 1973, wages, for example, adjusted for inflation, went nowhere. (Bonner B. Economic Growth in the Internet Age. Daily Reckoning, June 23, 2011)

The typical working stiff earns less real money today than he did 40 years ago. (Bonner B. Economic Long Live the 1%. Daily Reckoning, November 25, 2011)

Coincidence or curse? The reality is that prior to abortions becoming “legalized” in the late 1960s and then nationally in 1973, most people in the USA seemed to understand that it was not wise to consume more than you produce. Now, with more abortion and less understanding of other basic biblically-supported economic concepts, a culture that accepts this type of debt and living off of others has flourished. But it will NOT last. This is extremely dangerous and few in the USA seem to understand that the USA will ultimately have its creditors rise up against it:

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 2:5-8)

Abortion shed’s human blood. The USA has greatly increased debt along with its increased acceptance of abortion and pornography. Destruction to the strongest military power is prophesied (cf. Daniel 11:39).