ICG on the USA Economy

Tonight ICG’s Mark Armstrong reported:

You’re all aware of the trillions of dollars already signed into law in recent weeks, but new projections of government spending over the next few years were released during the evening hours last night, and the red ink is poised to flow like a mighty river in flood conditions.

During CNN’s Anderson Cooper program last night, both the host and his analyst guests could hardly choke out the numbers that were coming across the wire services, outlining the unprecedented spending frenzy the new administration plans in the next few years. The host was at a virtual loss to pronounce the phonetics of these numbers without shaking his head in disbelief.

We may well be seeing the beginnings of a backlash against the unprecedented gamble our leaders are taking with the immediate future of the United States. It is not our place to encourage any such thing. But it certainly is within our scope to recognize where this thing may be headed.

Serious trouble lies ahead for the United States. Despite politicians who would beg to differ, economists warn that a huge gamble is being waged at very long odds. The alarmist language, the dire predictions trotted out in conjunction with each new outrageous requisition of future earnings by future generations may well prove accurate in spite of, and because of the spending bonanza.

I could lead you by the hand through the logic involved, but won’t insult your intelligence. Unless you’re completely tuned out, or limited strictly to the most mainstream of media, you know what is at stake, and how the prospects look. We’re told there is no interest in nationalizing banks while the government is taking over thirty percent ownership in Citibank in exchange for bailout money. And that’s only one of numerous examples in play right now.

Earlier this week, billionaire media mogul Rupert Murdoch said, “We are in the midst of a phase of history in which nations will be redefined and their futures fundamentally altered.”…

The United States is rapidly becoming a place that, if you’d been in a coma for the last six months, you’d hardly recognize. And all the “targeted spending” our elected leaders are so giddy about will not solve the crisis, according to the best minds, but exacerbate it!…

Unemployment, homelessness and desperation stalk the cities and towns of the United States. There may be something of a window of opportunity to prepare for the difficult times that lie ahead. It should not be ignored.

I saw part of the Anderson Cooper piece last night and observed that even he seemed to somewhat shocked by the amount of debt increase. And Rupert Murdoch is correct that what is happening now has major implications.

What will be more shocking to those in the USA (and its Anglo-allies) is what will happen when our creditors (probably sometime next decade) will rise up and take what they want (Habakkuk 2:6-8).

And the fundamentals to allow that to occur are happening now.

To learn more of what is ahead for the USA and British-descended peoples please prayerfully read and study the following articles:

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?
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? Might Barack Obama set the stage for the kings of the North and South as his timing and at least one Shiite prophecy suggests? This is the longest and most detailed of the articles here at COGwriter related to prophecy and Barack Obama.
Barack Obama, Prophecy, and the Destruction of the United States Some claim that Barack Obama is the prophesied “son of Kenya”. Might Bible prophecy be fulfilled since he is to be the USA president?
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?
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?