Bankers and politicians want to increase the US debt and further devalue the currency

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

The expected result of the ‘shutdown’ is still an increase in debt:

October 2, 2013

After meeting with President Obama at the White House on Wednesday, the CEOs of some of the nation’s largest financial institutions warned that the government shutdown, or worse, a failure to lift the government’s debt ceiling, could have an “extremely adverse” impact on an economic recovery that is still struggling to gain steam.

“There’s a consensus that we shouldn’t do anything that hurts this recovery that is a little bit shallow, not very well established, and is quite vulnerable,” Goldman Sachs CEO Lloyd Blankfein told reporters outside the White House. “And a shutdown of the government, but particularly a failure to raise the debt ceiling, would accomplish that.”

Bank of America CEO Brian Moynihan added that a failure to raise the federal government’s borrowing limit, which could potentially cause the U.S. to default on its debt for the first time ever, is the “most serious” problem facing the economy. http://www.cbsnews.com/8301-250_162-57605716/dont-toy-with-the-debt-ceiling-bank-ceos-warn/

October 2, 2013…

House Republicans called on Democratic President Barack Obama and Senate Democrats to sit down and negotiate with them. Budget Committee Chairman Paul Ryan, a Republican, indicated that any discussions likely would include talks over raising the national debt limit.

“We have a debt limit coming. That debt limit is coming in about two weeks. Most budget agreements in the past have always involved debt limit increases. We think that is the forcing mechanism. That is what we think will be the forcing action to bring the two parties together,” said Ryan. http://www.voanews.com/content/us-congressional-leaders-president-to-meet-on-government-shutdown/1761655.html

Actually, sin is the most serious problem facing the economy, and in the long run, debt and massive currency devaluation will prove to be bigger problems than the current debt/default problem.

Currency devaluation with ‘quantitative easing’ is not only expected to be continued, but may be increased:

In an economy still surrounded by storm clouds, the Federal Reserve should be prepared to offer even more support to growth if the economy falls short of expectations, a U.S. central bank official said Wednesday.

The policymaker, Federal Reserve Bank of Boston President Eric Rosengren, said he “strongly and unequivocally” supported the Fed’s decision last month to press forward with its $85 billion-a-month bond-buying stimulus program, because recent data has proved disappointing.

“Most of the risks to the outlook remain on the downside,” the official said. Should the economy pick up as officials predict, there should be “only a very slow removal of accommodation over the next several years,” Mr. Rosengren said. But he also cautioned that “should the economy unexpectedly slow down, we can and should provide more accommodation than is currently anticipated.” http://online.wsj.com/article/BT-CO-20131002-708791.html

Quantitative easing is form of ‘money creation’ and is also sometimes called an “asset repurchasing” or “bond-buying-stimulus” program. Yet, this is mainly a sham operation that debases the value of the U.S. dollar (mainly the government prints up money electronically and the “asset” purchased is a U.S. treasury note, not a real asset like, let’s say, an oil well; yes there are sometimes also some mortgages purchased which have ties to real assets, but there are problems there as well). Calling if counterfeiting is not too far off of a description of it.

Quantitative easing will help destroy the USA dollar.

Inflating the money supply through currency debasing (QE1, QE2, and QE3) and debt is not something advocated in the Bible. Notice:

4 Take away the dross from silver (Proverbs 25:4a).

25 I will turn My hand against you, And thoroughly purge away your dross, And take away all your alloy. (Isaiah 1:25)

22 Your silver has become dross, Your wine mixed with water. (Isaiah 1:22)

Dross is a cheaper metal that is normally placed inside a covering of a precious metal like silver. Governments began to do this thousands of years ago when they had financial problems. Putting dross into silver cheapens currency, just like putting water into wine dilutes the wine’s value. In modern times, government spending in excess of revenues and quantitative easing programs (QE1, QE2, and QE3, from the Federal Reserve) are a way to dilute the value of currencies. This is not the biblical solution to US economic problems.

Quantitative easing and debt increases are a form of “dishonest profits” that the U.S.A. is improperly reaping because of its position in the world, but that is not good:

13 “Behold, therefore, I beat My fists at the dishonest profit which you have made, and at the bloodshed which has been in your midst. 14 Can your heart endure, or can your hands remain strong, in the days when I shall deal with you? I, the Lord, have spoken, and will do it. 15 I will scatter you among the nations, disperse you throughout the countries, and remove your filthiness completely from you. 16 You shall defile yourself in the sight of the nations; then you shall know that I am the Lord. (Ezekiel 22:13-16)

US debt, combined with programs such as the Federal Reserves’ quantitative easing, are sending signals to the rest of the world that the US dollar needs to be replaced as the world’s primary reserve currency.

The pride of the USA’s power is being broken. That pride has long been associated with its military and economic strength. Various sins and increasing debt is weakening the USA in many ways.

Without national repentance the USA is doomed. Since the USA seems to be going more into sin nationally, that type of national repentance seems unlikely. Yet, personal repentance is still possible. Do you see the winds of change in the USA and elsewhere?

If so, what do you plan to do about it?

Some items of possibly related interest may include:

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?
Will the Anglo-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?
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
Abortion, the Bible, and a Woman’s Right to Choose Do you know what the Bible teaches on this? Has the Roman Catholic Church allowed abortions? What about the real Church of God? Some may also, or instead, wish to view the YouTube video Abortion, the Bible, and US Debt.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Protestant and Church of God views of the United States in Bible Prophecy Is the USA mentioned in Bible prophecy? Some Protestants say yes, while others say no. What does the Bible really teach? Learn the truth about this. Is The United States Mentioned In Bible Prophecy?
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. 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 Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.