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Nearly seven years ago, Forbes put out the following, written by John Mauldin, that caught my attention back then:

The 2020s Might Be The Worst Decade In U.S. History …

The Great Reset

Unemployment may approach the high teens by the end of the decade and GDP growth will be minimal at best.

What do you call that condition? Certainly not business as usual.

Long before that happens, the Federal Reserve will have engaged in massive quantitative easing. …

The world simply has too much debt, much of it (perhaps most) unpayable. At some point, the major central banks of the world and their governments will do the unthinkable and agree to “reset” the debt.

How?

It doesn’t matter how, they just will. They’ll make the debt disappear via something like an Old Testament Jubilee.

I know that’s stunning, but it’s really the only possible solution to the global debt problem. https://www.forbes.com/sites/johnmauldin/2018/05/24/the-2020s-might-be-the-worst-decade-in-u-s-history/#1fefec1e48d3

Related to that, the Continuing Church of God (CCOG) put together the following video on our Bible News Prophecy YouTube channel:

13:03

Forbes: 2020s Might Be The Worst Decade In U S History

Forbes posted an article by John Mauldin titled “2020s Might Be The Worst Decade In U.S. History.” The article claimed that US debt is destined to rise dramatically as well as cause financial problems with Europe. He claimed that unemployment would greatly increase as well. He claimed a reset, like a biblical jubilee debt release, would be the logical solution. He claimed that the 2030s were then likely to be good. Could the 2020s be the worst decade in USA history? How might Habakkuk 2 play into any of this? What about Jeremiah 30? Could Jesus possibly return towards the end of the decade? Could the USA experience sorrows, troubles, and possibly the Great Tribulation in the 2020s? Could the 6000 years be over then? Could the 2030s be a fantastic time ushering in the millennium? Dr. Thiel addresses these issues and more.

Here is a link: Forbes: 2020s Might Be The Worst Decade In U S History. While Forbes did not mention Jesus or sorrows, the above video did. Pestilences are part of the sorrows and troubles Jesus prophesied (Matthew 24:4-8; Mark 13:8).

And since this video came out, the US has increased its massive debts even further. On March 21, 2020, the Washington Post also suggested a possible debt jubilee.

What triggered the idea for this post was the following:

A Debt Jubilee of Biblical Proportions Is Coming — Are You Ready? …

In ancient times, people often became hopelessly indebted to their creditors. As debts mounted, social unrest would boil over, threatening the stability of the entire ruling system.

The rulers of the ancient world understood this dangerous dynamic.

Their solution was radical yet effective: enact widespread debt cancellation—a debt jubilee.

Debt jubilees acted as societal pressure release valves when no other options remained.

For instance, the Book of Leviticus formalizes debt jubilees as the conclusion of a 49-year biblical cycle—seven cycles of seven years.

I believe this ancient practice is poised for a major comeback as government, corporate, and personal debt levels today have reached unsustainable heights.

The social, political, and investment implications will be profound.

Debt Jubilees: Redistribution, Not Wealth Creation

It’s important to note that debt jubilees do not create new wealth—they simply redistribute it.

Debt jubilees are government decrees that trigger massive wealth transfers, creating big winners and losers.

President Biden’s plan for student loan forgiveness marks the beginning of modern debt jubilees.

His student loan forgiveness plan is unprecedented. Unilateral executive action of this scale has never occurred during peacetime. Moreover, Congress, not the president, is supposed to make spending decisions of this magnitude. …

As Americans hit their financial breaking points, I believe debt forgiveness demands will only grow louder—extending far beyond student loans. …

All it takes is a President’s pen stroke to wipe out hundreds of billions in debt.

The student loan jubilee will set a powerful precedent.

I don’t think it will be long before we see a credit card jubilee, a car loan jubilee, or even a mortgage jubilee.

How will the government pay for all these jubilees?

Raising taxes enough to cover them seems improbable.

Issuing more debt to cancel other debts would be contradictory.

That leaves money printing as the only viable option.

This is why future debt jubilees will pour “gasoline on the inflationary fire that is already burning.”

But it’s not just consumer debt that’s unsustainable. The biggest problem is the US government’s federal debt—a much larger issue looming on the horizon.

The Federal Debt Endgame: A Coming Crisis

The US federal government has the largest debt in the history of the world—and it’s growing at a rapid, unstoppable pace.

In short, the US government is fast approaching its financial endgame. …

In short, the US government is trapped. It’s game over.

They have no choice but to “reset” the system—that’s what governments do when they are trapped.

How Will the US Reset the System?

Nobody knows for sure. But I’d bet a debt jubilee of biblical proportions will be a major part of it. …

And since the US government is the biggest debtor in the history of the world, it stands to gain the most from inflation.

Inflation: The Ultimate Debt Jubilee

That’s why I believe the federal debt jubilee will come in the form of a massive wave of inflation.

The coming debt jubilees could wipe out trillions in liabilities while unleashing previously unimaginable inflation. 12/24/24 https://www.zerohedge.com/personal-finance/debt-jubilee-biblical-proportions-coming-are-you-ready

While inflation does seem to be the plan (not by Donald Trump himself, but by the US Federal Reserve, certain players in the deep states, etc.) that will not satisfy foreign creditors. Nor will various proposals to pretend to pay off the US debt with platinum coins (e.g. CNN: US hits debt ceiling, prompting Treasury to take extraordinary measures. FT: The Fed will have to accept the $1tn platinum coin).

The USA and UK are in debt so high that Ray Dalio has basically claimed that they are in debt death spirals (see Ray Dalio says UK is facing a ‘debt death spiral’ and the USA’s debt passed the point of no return).

The Roman Catholics has also called for a debt jubilee:

Debt forgiveness is critical during Jubilee 2025

January 3, 2025

he Jubilee Year is, for many, about making a pilgrimage to Rome, walking through one of the Holy Doors at the various basilicas. Thanks to Pope Francis, there is a Holy Door at the Rebibbia prison. Such pilgrimages confer a plenary indulgence, the remission of temporal punishment for sins already forgiven, on those who make them.

In advance of the 2000 Jubilee, Pope John Paul II and many other religious leaders called for a different kind of remission, canceling the debt of impoverished nations. Jubilee USA was founded at that time to help make this retrieval of the ancient practice of forgiving debt during a jubilee a reality.

Francis, in his New Year’s address, made debt forgiveness a central theme of this year’s Jubilee as well. “The first to forgive debts is God, as we always ask him when we pray the Lord’s Prayer, referring to our sins and committing ourselves to forgive in turn those who have offended us,” the pope said. “And the Jubilee asks us to translate this forgiveness on a social level, so that no person, no family, no population is crushed by debts. I therefore encourage the rulers of countries with a Christian tradition to set a good example by canceling or reducing as much as possible the debts of the poorest countries.”

The roots of the idea of a jubilee marked by debt forgiveness are found in the Hebrew Scriptures. https://www.ncronline.org/opinion/ncr-voices/debt-forgiveness-critical-during-jubilee-2025

As far as a debt jubilee goes, back in 2018, financial writer Porter Stansberry seemed to think one was coming when he posted:

Do you ever feel—despite the supposed economic “recovery” of recent years—that something in America is still not quite right?

If so, you are not alone.

After all, how can things be “OK” when nearly half the men ages 18-34 now live with their parents—the highest level since the Great Depression?

How can it be “normal” when in one of America’s richest cities (Seattle) there are now 400 unauthorized homeless camps under bridges and along freeway medians?

How can it be a “recovery” when 78% of the U.S. population now lives paycheck to paycheck, with essentially zero savings? … for millions of Americans, a crisis is coming.

I’m talking about a political event unlike anything we’ve seen in our country in nearly 50 years.

It will “reset” the financial system in ways most Americans can’t imagine—and for most, it will be a national nightmare. …

It used to be that most Americans didn’t hold debt, outside of a mortgage on their first home. But after almost 40 years of declining real wages, Americans now have to go into serious amounts of debt for just about everything they buy. …

It’s gotten so bad, 73% of Americans now die with debt… with an average total of more than $60,000!

Being in debt is an incredibly stressful way to live. You’re in a hole and there is simply no way out. So it’s no surprise that deaths by drugs and poisoning for the bottom 60% of American’s population have doubled since the year 2000… and suicide rates have doubled as well over the same period. …

And this enormous political powder keg is leading to THE biggest political event our country has seen in decades. …

U.S. consumers now have nearly $13 trillion in total debt… the highest total ever, even more than was owed right before the crash in 2007… in order to pay for food, housing, cars, education, healthcare, and other basic expenses.

We owe a trillion dollars on our credit cards—which often have interest rates as high as 28%! We’ve borrowed a trillion dollars to buy new cars—which plummet in value the minute you drive off the lot. And we’ve racked up about $1.5 trillion for college education with dubious worth.

The debt load for the working poor has nearly quadrupled in the past 20 years as a percentage of their income. And this debt can never, ever be repaid. …

Very soon, millions of Americans will be calling for the government to “do something.”

Specifically, they’ll be calling for a clean slate… to wipe out their debts and “reset” the financial system.

The crowds will cheer and march like never before. The violence will escalate. Our politicians will promise this reset of the financial system as a way to a “new and better prosperity.”

And while it might sound like good news to those who have gotten in over their head—what will really happen is a national nightmare.

You see, this idea of erasing debts to reset the financial system is not new. In fact, in the Bible, it’s referred to as a “Jubilee.”

If you’re unfamiliar with the term, it comes from The Old Testament, the Book of Leviticus, Chapter 25.

A Jubilee in the Jewish tradition was said to occur roughly every 50 years.

It was a time for total forgiveness of debt, the freeing of slaves, and the returning of lands. Pope Boniface VIII proclaimed the first Christian Jubilee in 1300.

Since then, it’s been used dozens of times, when anger among a population hits extreme levels, typically because of an explosive divide between the wealthy and the working class.

And very soon, millions will be calling for a new Debt Jubilee here in America.

Believe it or not, many are already doing so …

In Congress, more than a half-dozen Jubilee-style laws have been proposed, by folks such as Rep. Kathy Castor and Senator Bill Nelson from Florida. …

A Jubilee—which wipes the slate clean for millions of the most indebted Americans and “resets” the financial system—is inevitable.

And mark my words:

This trend will accelerate. The idea of a Debt Jubilee will become THE leading political issue in the months to come.

Today, for millions of Americans, there’s no more powerful political promise than a Debt Jubilee. Politicians will soon be promising it all…

I will wipe out your debts.
I will allow you to start fresh.
I will reward all of your bad decisions.
I will solve America’s massive income inequality.

Who will pay for it?

You guessed it…

You, me, and millions of Americans with pensions, retirement accounts, and other types of savings.

Just as in the past, the folks in Washington will disguise this Jubilee under a different name.

They might call it a “National Restoration” or “Patriotic Solvency.”

They’ll pass an “Act” like they did in 1841… or invoke an Executive Order as was done in 1933 (Executive Order #6102)… or simply issue a mandate to the Secretary of the Treasury (which they did in 1971).

But it all means the same thing. The Jubilee will redistribute trillions of dollars from those who have invested and saved… to those who can no longer pay their debts. …

You see, around the world today, the idea of a Jubilee has become the de facto solution for extreme financial problems… when debts can’t be repaid.

Iceland used a Jubilee to restructure mortgages that were underwater. Croatia used a Jubilee in 2015 to wipe out millions in consumer debt. Japan is doing the same right now with nearly half its national debt.

President Trump has suggested a Debt Jubilee for all of Puerto Rico’s bond debt after Hurricane Maria. http://theamericanjubilee.com/ accessed 02/01/18

I have had pointed out problems with Porter Stansberry’s predictions in the past (see True U.S. collapse to be ushered in July 1, 2014?).

Now, since Donald Trump has filed for bankruptcy several times, he might even consider such a thing as a debt jubilee.

As far as the idea of a debt jubilee goes, such a thing is biblical for individuals. Biblically, this was to be sounded by a trumpet every 50 years (Leviticus 27:16-24).

(Wikipedia photo)

Here is a lot of what the Bible itself teaches about a jubilee:

8 ‘And you shall count seven sabbaths of years for yourself, seven times seven years; and the time of the seven sabbaths of years shall be to you forty-nine years. 9 Then you shall cause the trumpet of the Jubilee to sound on the tenth day of the seventh month; on the Day of Atonement you shall make the trumpet to sound throughout all your land. 10 And you shall consecrate the fiftieth year, and proclaim liberty throughout all the land to all its inhabitants. It shall be a Jubilee for you; and each of you shall return to his possession, and each of you shall return to his family. 11 That fiftieth year shall be a Jubilee to you; in it you shall neither sow nor reap what grows of its own accord, nor gather the grapes of your untended vine. 12 For it is the Jubilee; it shall be holy to you; you shall eat its produce from the field.

13 ‘In this Year of Jubilee, each of you shall return to his possession. 14 And if you sell anything to your neighbor or buy from your neighbor’s hand, you shall not oppress one another. 15 According to the number of years after the Jubilee you shall buy from your neighbor, and according to the number of years of crops he shall sell to you. 16 According to the multitude of years you shall increase its price, and according to the fewer number of years you shall diminish its price; for he sells to you according to the number of the years of the crops. 17 Therefore you shall not oppress one another, but you shall fear your God; for I am the Lord your God. (Leviticus 25:8-17)

25 ‘If one of your brethren becomes poor, and has sold some of his possession, and if his redeeming relative comes to redeem it, then he may redeem what his brother sold. 26 Or if the man has no one to redeem it, but he himself becomes able to redeem it, 27 then let him count the years since its sale, and restore the remainder to the man to whom he sold it, that he may return to his possession. 28 But if he is not able to have it restored to himself, then what was sold shall remain in the hand of him who bought it until the Year of Jubilee; and in the Jubilee it shall be released, and he shall return to his possession.

29 ‘If a man sells a house in a walled city, then he may redeem it within a whole year after it is sold; within a full year he may redeem it. 30 But if it is not redeemed within the space of a full year, then the house in the walled city shall belong permanently to him who bought it, throughout his generations. It shall not be released in the Jubilee. 31 However the houses of villages which have no wall around them shall be counted as the fields of the country. They may be redeemed, and they shall be released in the Jubilee. 32 Nevertheless the cities of the Levites, and the houses in the cities of their possession, the Levites may redeem at any time. 33 And if a man purchases a house from the Levites, then the house that was sold in the city of his possession shall be released in the Jubilee; for the houses in the cities of the Levites are their possession among the children of Israel. 34 But the field of the common-land of their cities may not be sold, for it is their perpetual possession. (Leviticus 25:25-34)

40 As a hired servant and a sojourner he shall be with you, and shall serve you until the Year of Jubilee. 41 And then he shall depart from you — he and his children with him — and shall return to his own family. He shall return to the possession of his fathers. (Leviticus 25:40-41)

47 ‘Now if a sojourner or stranger close to you becomes rich, and one of your brethren who dwells by him becomes poor, and sells himself to the stranger or sojourner close to you, or to a member of the stranger’s family, 48 after he is sold he may be redeemed again. One of his brothers may redeem him; 49 or his uncle or his uncle’s son may redeem him; or anyone who is near of kin to him in his family may redeem him; or if he is able he may redeem himself. 50 Thus he shall reckon with him who bought him: The price of his release shall be according to the number of years, from the year that he was sold to him until the Year of Jubilee; it shall be according to the time of a hired servant for him. 51 If there are still many years remaining, according to them he shall repay the price of his redemption from the money with which he was bought. 52 And if there remain but a few years until the Year of Jubilee, then he shall reckon with him, and according to his years he shall repay him the price of his redemption. 53 He shall be with him as a yearly hired servant, and he shall not rule with rigor over him in your sight. 54 And if he is not redeemed in these years, then he shall be released in the Year of Jubilee — he and his children with him. 55 For the children of Israel are servants to Me; they are My servants whom I brought out of the land of Egypt: I am the Lord your God. (Leviticus 25:47-55)

2 And they said: “The Lord commanded my lord Moses to give the land as an inheritance by lot to the children of Israel, and my lord was commanded by the Lord to give the inheritance of our brother Zelophehad to his daughters. 3 Now if they are married to any of the sons of the other tribes of the children of Israel, then their inheritance will be taken from the inheritance of our fathers, and it will be added to the inheritance of the tribe into which they marry; so it will be taken from the lot of our inheritance. 4 And when the Jubilee of the children of Israel comes, then their inheritance will be added to the inheritance of the tribe into which they marry; so their inheritance will be taken away from the inheritance of the tribe of our fathers. (Numbers 36:2-4)

16 ‘If a man dedicates to the Lord part of a field of his possession, then your valuation shall be according to the seed for it. A homer of barley seed shall be valued at fifty shekels of silver. 17 If he dedicates his field from the Year of Jubilee, according to your valuation it shall stand. 18 But if he dedicates his field after the Jubilee, then the priest shall reckon to him the money due according to the years that remain till the Year of Jubilee, and it shall be deducted from your valuation. 19 And if he who dedicates the field ever wishes to redeem it, then he must add one-fifth of the money of your valuation to it, and it shall belong to him. 20 But if he does not want to redeem the field, or if he has sold the field to another man, it shall not be redeemed anymore; 21 but the field, when it is released in the Jubilee, shall be holy to the Lord, as a devoted field; it shall be the possession of the priest.

22 ‘And if a man dedicates to the Lord a field which he has bought, which is not the field of his possession, 23 then the priest shall reckon to him the worth of your valuation, up to the Year of Jubilee, and he shall give your valuation on that day as a holy offering to the Lord. 24 In the Year of Jubilee the field shall return to him from whom it was bought, to the one who owned the land as a possession. (Leviticus 27:16-24)

Essentially, the jubilee was a reset for society and a new chance for those who had not handled their finances as well as others may have. People would get their ancestral lands back, if they would have sold them. And since it was supposed to be observed once every 50 years, most people who did not die in childhood would have experienced it once or even twice in their lifetime (yes, even three times was possible).

It is not out of the realm of possibilities that the USA would be in a Jubilee period–but that is not something people can now count on.

As far as the meaning of the term translated as jubilee in most Bibles, notice the following:

The translation “Jubilee year” results from a mistaken application of cognates (similar words in different languages). In the original Hebrew, the year was called the “year of the horn,” or, in Hebrew, “the year of the yovel.” The Latin for yovel is iobileus, which just happens to sound like the Latin word iubileus, connected to the verb iubilare, “to celebrate.” The English “Jubilee year” comes from the Latin. http://www.huffingtonpost.com/dr-joel-hoffman/five-mistakes-bible-translation_b_1129620.html

Some have suggested that because the jubilee is not observed, that this is perhaps why there tends to be major economic problems every 50-60 or so years. Notice the following:

“Kondratieff long wave cycle (K-wave) was originally used to explain long wave economic cycles. Its originator Nickolai Kondratieff was a Russian economist (1892-1938) in Stalin’s Agricultural Academy and Business Research Institute (“Long Waves in Economic Life” – originally published in German in 1926). Kondratieff’s major premise was that capitalist economies displayed long wave cycles of boom and bust ranging between 50-60 years in duration. Kondratieff’s study covered the period 1789 to 1926 and was centered on prices and interest rates.”

“The 50-60 year cycle of catastrophe and renewal had been observed and recorded by the ancient Mayans of Central America and by the ancient Israelites. Further studies have discovered similar long economic waves from the period of the ancient Greeks and Romans. Kondratieff identified four distinct phases the economy goes through. They are a period of inflationary growth, followed by stagflation, then deflationary growth and finally depression.” http://www.gold-eagle.com/editorials_02/chapmand062902.html See also: http://en.wikipedia.org/wiki/Kondratiev_wave

Some have seen major economic disturbances throughout history (beyond what we have seen this week) that seem to possibly correlate with not following the admonition of having a Jubilee year.

Since it is the part of the “1%” that would be harmed in modern times by a Jubilee year, and they have major political influence, things would have to change for them to be willing to forgive debts.

That said, the Bible does not discuss national debt default occurring in a jubilee year. Plus now, foreigners and others owed money will NOT be pleased if they are not properly paid back (cf. Habakkuk 2:6-8).

Now, there are a few points to consider.

First, yes, I expect the USA to continue to increase its debt. And related to Donald Trump, he once declared:

I’m the king of debt. I love debt. (Egan M. Donald Trump: ‘I’m the king of debt.’ CNN, May 7, 2016)

Second, notice the official US debt on the following dates:

• January 19, 2017, $19,944,429,217,106.77, date Obama-Biden leave office, replaced the next day by Trump-Pence.
• January 19, 2021, $27,752,835,868,445.35, the date Trump-Pence leave office, replaced the next day by Biden-Harris.
• January 17, 2025, $36,206,593,315,575.15, the last business day of Biden-Harris, replaced the next business day by Trump-Vance.

So, yes, there were massive increases in US government debt during Donald Trump’s first term in office as well as during the Biden-Harris Administration.

Now after four years of the Biden-Harris Administration, the official US debt went over $36 trillion.

The more the debt has grown, the more difficult it is to actually pay the debt back. And eventually, when interest rates rise enough that would devastate the US economy.

As far as debt and the USA goes, however, it will be worse than people like John Mauldin tend to think.

But thirdly, let’s look at some scriptures. God inspired the prophet Habakkuk to write the following around 2,600 years ago:

2 And the Lord answered me:

“Write the vision;
make it plain on tablets,
so he may run who reads it.
3 For still the vision awaits its appointed time;
it hastens to the end—it will not lie.
If it seems slow, wait for it;
it will surely come; it will not delay.

4 “Behold, his soul is puffed up; it is not upright within him,
but the righteous shall live by his faith.

5 “Moreover, wine is a traitor,
an arrogant man who is never at rest.
His greed is as wide as Sheol;
like death he has never enough.
He gathers for himself all nations
and collects as his own all peoples.”

6 Shall not all these take up their taunt against him, with scoffing and riddles for him, and say,

“Woe to him who heaps up what is not his own—
for how long?—
and loads himself with pledges!”
7 Will not your debtors suddenly arise,
and those awake who will make you tremble?
Then you will be spoil for them.
8 Because you have plundered many nations,
all the remnant of the peoples shall plunder you,
for the blood of man and violence to the earth,
to cities and all who dwell in them. (Habakkuk 2:2-8; English Standard Version)

The USA is the most indebted nation in the history of humanity and those in it should try to understand this prophecy–rising interest rates mean that it will cost the US government more to service its debt–this will one day be truly unsustainable. Perhaps it should be noted that the United Kingdom is in even more debt on a per capita basis.

Notice that God tells Habakkuk that those who read this should run–that means they should take proper spiritual action now (cf. Luke 21:36), and then, eventually physically flee (cf. Revelation 12:14-16; see also There is a Place of Safety for the Philadelphians. Why it May Be Near Petra). The rise of US debt was listed by me as number 11 of my list of 25 items to prophetically watch in 2025.

The Anglo-American world order will come to an end. Accumulation of debt, and then having to pay historically ‘normal’ interest rates will strain the national economies of the USA and UK more than almost anyone will believe. It will be a financial crisis beyond what John Mauldin and most others would consider possible.

Those who think the current world order with the USA’s dollar on top will last several decades are in error.

The idea that the debt does not matter is a false and arrogant belief.

The Bible teaches:

18 Pride goes before destruction, And a haughty spirit before a fall. (Proverbs 16:18)

It is prideful arrogance that gets humans to think that they can essentially completely control the economy and just borrow and print up money. They cannot. Weather, political events, diseases, wars, morality, technology, and other factors play a role.

Plus, there is also the matter of debt accumulation by the USA and biblical prophecy.

Those who will believe the Bible will take the words that God spoke to the prophet Habakkuk seriously.

A debt jubilee will not resolve this. Foreigners will react when they figure out that they have been cheated on debts they are owned by the US government.

Related to USA debt, we put together the following video:

14:44

And the Debt Goes On …

On June 3, 2023, US President Joe Biden signed a bill to increase the official debt-ceiling of the United States. According to the US Treasury the “ceiling” has been changed, increased, or delayed 78 other times. The official debt has nearly tripled since the Obama-Biden Administration. The official debt increased about $2 trillion per year under Donald Trump’s Administration and has done close to that in the Joe Biden Administration. While the USA has been able to increase debt with limited consequences (like inflation) so far, does the Bible show this can end in destruction? What did God warn about debt through the prophet Habakkuk? Is getting into high amounts of debt a blessing or curse according to the Bible? Do Democrats or Republicans currently have a plan that will now be implemented to pay off the debt? Has the USA been functioning as an international “leech” consistent with statements in the Book of Proverbs? Does the Bible say it is wicked to borrow money you do really intend to repay? Steve Dupuie and Dr. Thiel cover these matters.

Here is a link to our video: And the Debt Goes On …

Perhaps it should be pointed out that the old Radio Church of God did teach that Habakkuk 1 had future fulfillment and tied it in with Isaiah 10 (Hoeh H. The Race Question. Plain Truth, July 1957 p. 22)–which WCG tied in with the coming destruction of the USA.

Furthermore, the old Worldwide Church of God did clearly teach that Habakkuk 2 had future application:

Habakkuk … God also said that this vision was to be written for our benefit today. … (Habakkuk 2:3). God showed Habakkuk that He will punish all the unrighteous at the end-time. … (Habukkuk 2:8, 10, 16-17) (Armstrong HW, editor in chief. THE MINOR PROPHETS SPEAK TO US! Youth Bible Lessons, Level 7, Lesson 9, 1986, p. 4)

So, yes, the old WCG understood that Habakkuk 2 was prophetic for the end time–not that it was fully fulfilled thousands of years ago or relates only to the Chaldeans (which many in certain COGs, like LCG, now wrongly believe) nor is it a prophecy for end time European Babylon (like some have claimed).

Remember that the US has been increasing debt for decades and is the most indebted nation of all time.

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This entry was posted on Sunday, January 26th, 2025 at 4:00 pm and is filed under Prophecy.

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