Ron Paul warns of coming ‘fiscal tsunami,’ but what’s coming will be worse than that
Ron Paul (photo by )
In his latest newsletter, former Congressman and presidential candidate Ron Paul has the following:
The mainstream media was too busy obsessing over Russiagate to notice that, according to an annual Social Security and Medicare Boards of Trustees report, the Social Security trust fund will run out of money by 2035. …
Unfunded liabilities like Social Security and Medicare are not included in the official federal deficit. In fact, Congress raids the Social Security trust fund to increase spending and hide the deficit’s true size, while leaving the trust fund with worthless IOUs.
The media also ignored last week’s Congressional Budget Office (CBO) report predicting the federal debt will increase to an unsustainable 144 percent of the gross domestic product by 2049. The CBO’s report is optimistic as it assumes interest rates remain low, Congress refrains from creating new programs, and there are no major recessions.
Few in Congress or in the Trump administration are even talking about the coming fiscal tsunami, much less proposing the type of spending cuts necessary to pay down the debt and have the funds to unwind the entitlement programs without harming those currently reliant on them. Instead, both parties support increasing spending and debt.
Republican control of both houses of Congress and the While House led to increased federal spending of over $300 billion dollars. The House Democratic majority now wants even more spending increases. …
Unless Congress immediately begins making substantial spending cuts, America will soon face a major economic crisis. This crisis will likely involve the Federal Reserve’s debt monetization resulting in a rejection of the dollar’s world reserve currency status. http://ronpaulinstitute.org/archives/featured-articles/2019/july/01/media-and-politicians-ignore-oncoming-financial-crisis/
Yes, US Republicans and Democrats have continued to allow the debt of the USA to increase.
And yes, this will be a factor in the US dollar losing its status as the world’s reserve currency.
Related to that, notice the following:
How long can the US dollar maintain its status as the global reserve currency and as global hegemon? …
The US dollar’s role as a global reserve currency declines when central banks other than the Fed shed their dollar-denominated holdings and replace it with assets denominated in other currencies.
There have been two potentially big changes over the last two decades: The creation of the euro at the turn of the century; and in 2016, the Chinese renminbi.
The euro, the first big change, replaced the national currencies of EU member states, starting with five currencies – including the Deutsche mark which had been one of the major reserve currencies, but way below the dollar. As this change was taking place in phases, the dollar’s share dropped from 71.5% in 2001 to 66.5% in 2002.
There are now 19 member states in the Eurozone. The effort to eventually consolidate all European currencies in one big currency was powered by the hope of knocking the dollar off its hegemonic perch. …
The Chinese renminbi, the second big change – well, “potentially” big change – was included in the IMF’s currency basket, the Special Drawing Rights (SDR), in October 2016. This elevated the renminbi to an official global reserve currency. Expectations that the renminbi would quickly knock the dollar off its perch have also been disappointed: It’s moving only at a snail’s pace. …
As small as the renminbi’s share still is, it is gaining on some other currencies. In Q1 2019, with a share of 1.95%, it is in fifth place (in Q4, 2018, it had inched past the Canadian dollar for the first time):
- Dollar: 61.8%
- Euro: 20.2%
- Japanese yen: 5.2%, up from 3.6% in 2014.
- UK pound sterling, at 4.5%.
- Chinese renminbi: 1.95% (record)
- Canadian Dollar: 1.92%
- Australian dollar: 1.7%
- Swiss franc: 0.15%
- Other: 2.45%
The share of these currencies is based on “allocated” reserves, as the IMF explains. Not all central banks disclose to the IMF how their total foreign exchange reserves are “allocated” among specific currencies. https://wolfstreet.com/2019/07/01/us-dollar-status-as-global-reserve-currency-q1-2019/
Well, to answer the above article’s “How long?,” notice the following prophecies:
1 O Lord God, to whom vengeance belongs– O God, to whom vengeance belongs, shine forth! 2 Rise up, O Judge of the earth; Render punishment to the proud. 3 Lord, how long will the wicked, How long will the wicked triumph? 4 They utter speech, and speak insolent things; All the workers of iniquity boast in themselves. 5 They break in pieces Your people, O Lord, And afflict Your heritage. 6 They slay the widow and the stranger, And murder the fatherless. 7 Yet they say, “The Lord does not see, Nor does the God of Jacob understand.” (Psalm 94″1-7)
3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry…5 Indeed, because he transgresses by wine, He is a proud man… 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 (Habakkuk 2:3,5,6-8).
Notice the Psalm prophecy the wicked boast in their pride and act like there is no God (does that not sound like many political leaders?) and that in the Habakkuk prophecy the proud do not care and so they increase debt (does that not sound like many political leaders?). Specifically, as to “how long,” Habakkuk 2:3-8 will be fulfilled at the time of the end. This is consistent with:
1 The message was true, but the appointed time was long… 14 in the latter days, for the vision refers to many days yet to come,” Daniel 10:1,14).
Furthermore, Daniel 8:19, 11:27,29,35 uses the same Hebrew term for “appointed time” as Habakkuk 2:3, while Daniel 10, using a different term, ties the latter days to the time in Daniel 8:19. Now, Habakkuk 2 was not fulfilled in its entirety anciently. Further consider that it makes little sense that Habakkuk would be directed towards the modern nation of Israel as it does not have enemy creditors. It must be a nation or group of nations with some prominence at the appointed time of the end.
The nation with the greatest debt of all time is the United States of America, and on a per capita basis one of the highest is the United Kingdom of Great Britain and Northern Ireland.
Notice that the penalty that Habakkuk was inspired to record was for such with this massive debt-monetary problem to be plundered.
That means to be taken over and lose all that the nation essentially has.
The time will come when not only the US dollar, but the US itself will be no more (cf. Daniel 11:39). Nor will the UK, Canada, Australia, or New Zealand (cf. Daniel 8:24-25).
Yet, the Federal Reserve, many politicians, and many in the mainstream press seem to love debt. The Bible teaches that debt is one of the curses that happen to the disobedient:
15 “But it shall come to pass, if you do not obey the voice of the Lord your God, to observe carefully all His commandments and His statutes which I command you today, that all these curses will come upon you and overtake you: (Deuteronomy 28:15)
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. 46 And they shall be upon you for a sign and a wonder, and on your descendants forever.
47 “Because you did not serve the Lord your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the Lord will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The Lord will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. (Deuteronomy 28:43-51)
The end result of the coming massive financial crisis will be the END OF THE USA!
However, this will not happen this month, this year, or even during the first term of Donald Trump’s Administration. But it will happen!
The Europeans have the second preferred reserve currency. They want theirs to be first. While China wants its currency first, it is upset enough with the US that it will support other efforts to topple its dollar. As will Russia, Iran, and many other nations. And the US debt situation will make dethroning the US dollar easier to do.
Notice the following:
We Have 3 Years Before The National Debt “Death Spiral”
According to the U.S. Treasury Department’s Office of Debt Management, the U.S. government is just five years away from the point of no return. With the national debt spiraling quickly out of control, there are only a few years left before every single dollar the government borrows will go toward funding interest payments on the national debt. …
But what is the real red flag is that starting in 2024, when the primary deficit drops to zero according to the latest projections, all US debt issuance will be used to fund the US net interest expense, which depending on the prevailing interest rate between now and then will be anywhere between $700 billion and $1.2 trillion or more.
In short: in the stylized cycle of the US “Minsky Moment”, the US will enter the penultimate, Ponzi Finance, phase – the one in which all the new debt issuance is used to fund only interest on the debt – some time around in 2024. –ZeroHedge
Once we reach that point, the government will have reached the “death spiral,” a point at which the complete collapse of the government and financial system is imminent. 05/15/19
Despite rhetoric from the major political parties in the USA about debt, the reality is that it is more dangerous than almost everyone realizes. Foreigners to the US will see what is happening and take steps.
Consider that the Bible teaches the following:
12…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).
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…47 “Because you did not serve the LORD your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the LORD will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The LORD will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. 52 They shall besiege you at all your gates until your high and fortified walls, in which you trust, come down throughout all your land; and they shall besiege you at all your gates throughout all your land which the LORD your God has given you (Deuteronomy 28:42-45,47-52)
Earlier this year, the USA even voted to NOT have a debt ceiling for another year (USA has now decided against an official debt limit). This helps show that, despite posturing, sequestration, budget committees, government shut-downs, etc., the USA is intent on increasing its total debt–this is unsustainable and cannot continue in perpetuity. The debt is much more dangerous than the predominant view that politicians in the USA publicly state.
It is the the United States and its Anglo-allies that have loaded pledges of debt in these end times that they really do not expect to pay back.
While your nation probably will not repent (Anglo or otherwise), you can. Do not wait until it is too late. The fact that the debt clock has risen so high should serve as a wake-up call that the end of the USA will be coming (Habakkuk 2:3,5,6-8; Deuteronomy 28:42-45,47-52).
What is coming will be much worse than a “fiscal tsunami.”
Several items of possibly related interest may include:
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. A related sermon is titled: Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. A video of possible interest may be Will Will USA Spying Help the Beast Power?
Will the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? 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? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Will the UK Lose Gibraltar and the Falkland Islands? For many years, the major sea gates of the world were possessed/controlled by the United States (Panama Canal and certain locations in the Pacific ocean) and the British Empire (Straits of Malacca, Singapore, Suez Canal, Bab el Mandeb, Strait of Hormuz, Simon’s Town/Cape of Good Hope, Malta, etc.), and many are no longer under their control. Spain wants Gibraltar and Argentina wants the Falklands (also known as the Malvinas). UK Prime Minister David Cameron says the UK will defend the Falklands Gibraltar. Does the Bible give clues as to what will happen with those ‘sea gates’? Do promises made the Jacob’s mother Rebekah play a role? What about Deuteronomy 28? This is a video.
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy.
Australia and New Zealand in Prophecy Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2027 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2019, 2020, or 2021? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter and newer video is: Might the Great Tribulation start in 2019?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon. Other videos include: Armageddon Will it come on Trump’s watch?, Iraq, Armageddon, & Prophecy, Freemasonry, Armageddon, and Rome, Is China paving roads to Armageddon?, and Jordan, Petra, and Armageddon.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance.
Is God Calling You? This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is a link to a related sermon: Could God be Calling You? A short animation is also available: Is God Calling You?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency.
Trump Presidency Magic 8 Ball or Bible Prophecy? BBC reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Donald Trump and America’s Apocalypse-Kindle Edition.
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