US Economy Headed Towards Doomsday, While Latin America and the Caribbean Have Taken a Different Direction

“I will break the pride of your power” (Leviticus 26:19)

The problems in the USA are severe and economists are started to sound an alarm:

Doomsday warnings of US apocalypse gain ground

AFP – Sept 12, 2010

Economists peddling dire warnings that the world’s number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here.

The guru of this doomsday line of thinking may be economist Nouriel Roubini, thrust into the forefront after predicting the chaos wrought by the subprime mortgage crisis and the collapse of the housing bubble.

“The US has run out of bullets,” Roubini told an economic forum in Italy earlier this month. “Any shock at this point can tip you back into recession.” (http://www.breitbart.com/article.php?id=CNG.a64b6fa820c23d9ef2058a22276ce3a1.2c1&show_article=1)

The above articles lists other reasons from other economists who believe that the economy of the USA is in worse shape than many believe.

Of course, the American politicians and politically-influenced economists tend to wish to minimize the alarm, but the fact is that the USA is doomed. Its economy is based too much on debt and too little on productivity.

Eventually when it has a real crisis, such as crop failures, pestilences, natural disasters, and/or major terrorism his it, it will have maxed out its credit so much so that its creditors will have had enough (cf. Habakkuk 2:3-8).

This does not mean that the economy of the USA will not have ups as well as downs. It mainly means that, overall, the trend is down.

A nation cannot remain the economic and military superpower of the world when it continually consumes more than it produces and lives on borrowed wealth to support its excessively consumptive lifestyle.

Interestingly, more and more nations are getting away from dependence on the USA as the economic engine of the world:

Latin American and Caribbean economies rebounding

When the U.S. economy is mired in deep recession, an economic tsunami generally washes over Latin America and the Caribbean.

But this time the worst recession in seven decades only caused a wave that rippled across the region in 2009, said economist Manuel Lasaga. And, in most cases, the wave wasn’t strong enough to knock anyone down…

“It’s almost like the United States and Latin American switched places,” said Lasaga, president of Miami consulting firm StratInfo. “This time Latin America is the region with the good economic indicators.”

And indeed, this will be a year of growth for Latin America and the Caribbean. (Miami Herald, 13 September 2010. http://www.miamiherald.com/2010/09/13/1818521/as-the-us-economy-struggles-latin.html#ixzz0zRVBeXzT)

So, it is not just Asian nations that are growing now.

USA residents need to wake up and see that major change is taking place and realize that while the USA and its Anglo-allies were on the top of the old world order, they will end up on the bottom of the coming world order.

To learn more, please check out the following articles:

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Will the Anglo-Nations be Divided? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
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