ICG on the Financial Crisis

In his update last night, ICG’s Mark Armstrong stated:

It’s late already, and the update this week has turned into an article dealing with the drastic moves underway in high places that may well change how we look at the future. Yes, there is economic crisis that is largely the fault of government interference in the private sector. Now that crisis is being used as the excuse to appropriate untold sums, and untold powers never envisioned by our founders or authorized by our Constitution.

America is changing, all right. All the focus is on money and political power at a time when our enemies are jockeying into new positions. Venezuela, under Hugo Chavez is providing a base of operations for Middle Eastern terrorist organizations while snuggling up to Iran. Iran is expected to complete a nuclear weapon this year, but that’s not nearly as important to our leaders as the urgency that they be allocated massive sums for social engineering, global warming and a host of pet political priorities.

Man’s government is taking a shot at solving every problem that may or may not exist on such an urgent basis, there’s no time for thought, let alone council. They have to act now, or so they say. The changes coming to America are so profound they may never be reversed.

The reality is that the Bush administration and now the Obama administration in Washington have engaged in policies that greatly increase the debt of the USA.

As mentioned before, Habakkuk was inspired to give a prophecy that will be fulfilled in the end-time that seems to be related to this accumulation of debt:

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 (Habakkuk 2:3).

So what did Habakkuk see in this vision? He saw a proud and covetous people:

4 Behold the proud, His soul is not upright in him; But the just shall live by his faith. 5 Indeed, because he transgresses by wine, He is a proud man, And he does not stay at home. Because he enlarges his desire…and cannot be satisfied, He gathers to himself all nations And heaps up for himself all peoples.

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’? (Habakkuk 2:4-6).

Thus, the Bible reveals that these are people who are greatly in debt as they load themselves up with many pledges (promissory notes to pay). The United States of America is now the greatest debtor nation of all time and hence seems to be the ideal candidate to fulfill the role of the people which “enlarges his desire” in Habakkuk 2. The modern nation called Israel would not seem to be in any position to fulfill that prophecy alone.

After asking how long this will go on and what will happen, Habakkuk was inspired to write:

7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty (Habakkuk 2:7).

Notice that the creditors will finally rise up suddenly. They will apparently realize that whoever owes them so much will not be able to pay it back.

Notice that the creditors will the make the debtors their own. Some will apparently become slaves!

This is also consistent with Jeremiah 30:7-9 which warns that there will be a time of “Jacob’s trouble”. Jacob, as Genesis 48:3-16 records, prayed that his name would be on Ephraim and Manasseh and that is why this is Jacob’s trouble. Now after this trouble has ended the Bible shows that their slavery would end and the kingdom of God, (see Jeremiah 33:15-16 & Ezekiel 37:25-28) with David king of Israel,: would begin

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 (Jeremiah 30:7-9).

Short of national repentance, debt will increase and the USA will suffer. Is not the time to heed the warnings in the Bible now?

For articles of additional related prophetic interest see:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? True religion should be based upon the true gospel.
Can the Great Tribulation Begin in 2009, 2010, or 2011? Can the Great Tribulation begin today? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord?
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? When does the six thousand years of human rule end?
Prophecies of Barack Obama? Are there biblical and non-biblical prophecies about Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? This is my longest article on biblical and non-biblical prophecies that may involve Barack Obama.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies 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?
End of Mayan Calendar 2012–Might 2012 Mean Something? There is a Mayan calendar prediction for change in 2012. 2012 changes were also centuries ago predicted by the Hopi Native Americans (the Hindus may have some predictions for the next decade as well). Do these Mayan/Hindu/Hopi prophecies have any value? Why might Satan have inspired this date? Does the Dresden codex show destruction of the earth by flood? Can the great tribulation start before 2012?