CBS reports that inflation is more than double the ‘official’ rate
“I will break the pride of your power” (Leviticus 26:19)
Many of us have questioned the official inflation rate in the USA. CBS has reported the following:
Forget the modest 3.1 percent rise in the Consumer Price Index, the government’s widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research…The institute contends that to get a good read on inflation’s “sticker shock” effect, you must look at the cost of goods that the average household buys at least once a month and factor in only the kinds of expenses that are subject to change…
And, largely as the result of the recent run-up in gas prices, this “everyday price index” (EPI) suggests that Americans are being pinched far more tightly than the official inflation measure would have you believe.
Over the past year, the EPI is up just over 8 percent, according to the economics group. The biggest factor: Motor fuel and transportation costs are up 21.06 percent from year-ago levels.
I have seen other inflation estimates higher than that. An online source that analyzes such matters puts it at 10.5% from January 2011-January 2012 (http://www.shadowstats.com/). With the recent major increases in the price of gasoline (the absolute cheapest around here is $4.32.9 per gallon), it is likely that these inflation rate numbers will rise soon. Of course, by using lower official inflation rates, the US government does not have to increase social security and other related pensions as much as it has effectively promised to. Lower numbers also keep the voters less agitated, though many are agitated anyway.
The Bible warns that the pride of power will be broken (Leviticus 26:19), and for the USA this apparently is not only referring to its military might, but its economic pride, its dollar. Now as I have been saying, the USA dollar will NOT totally collapse (become worth a small fraction of its purchasing value) until shortly before the start of the Great Tribulation (Jeremiah 30:7; Matthew 24:21).
The USA is the most indebted nation of all time. Inflation will ultimately be a major problem for the USA as its foreign creditors will realize that the dollars they hold are becoming worth less and less. Eventually, they will demand much higher rates of interest for holding USA dollars, which is something that the USA cannot currently afford. And eventually, inflation will get them to realize that it is all over for the USA and its dollar.
Interestingly, after I wrote the above, I noticed the following on the front page of Friday’s edition of the Wall Street Journal as well as something from the Australian version:
Wall Street Journal – BEIJING—Fresh data suggest China is moderating its appetite for investing in US securities, a trend that could mean lower flows of cheap capital from Beijing and a possible rise in borrowing costs across the American economy.China moves out of $US, world doesn’t end
China is shifting sharply away from US dollars and the world hasn’t ended-yet… In the 12 months to June 2011, dollar purchases accounted for just 15 per cent of additions to China’s reserves. That confirms hints from Beijing and Europe over the past year that China has ramped up purchases of European debt.
As far as the USA goes, “yet” is the operative word.
Notice the following prophecy:
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).
LCG Evangelist Dr. D. Winnail wrote about the suddenness of what will happen:
Handwriting on the Wall! On July 4, the United States, currently the most powerful nation in the world, celebrated 234 years of independence. The following day, on Monday, July 5, British-born Harvard professor and economic historian Niall Ferguson opened the 2010 Aspen Ideas Festival with a stark warning that the American “empire” could suddenly collapse—possibly within the next two years—due to the country’s rising debt! (Winnail W. LCG World Ahead Weekly Update, July 8, 2010)
The U.S. and the British-descended peoples have enjoyed living off the resources of the world, but the prophet Habakkuk warns: “… Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. Because you have plundered many nations, all the remnant of the people shall plunder you” (Habakkuk 2:7–8). (Winnail D. Sudden Calamities Ahead! Tomorrows’ World, Volume 10, Issue 5. Sept-Oct, 2008)
Hebrew prophets also warned repeatedly that the future demise of God’s chosen Israelite peoples would come “suddenly” and unexpectedly (Isaiah 9:14–15; 29:5; 30:13; Jeremiah 6:26; 15:8). Modern financial analysts realize this could happen if the nations lending to America decide to dump the dollar and call their loans. The prophet Habakkuk’s warning to the ancient Babylonians, “Will not your creditors rise up suddenly?” (Habakkuk 2:7)—may also ring true for debt-plagued nations like America and its Israelite cousins. Prophetic scripture contains a sobering message: debt and disobedience lead to the demise of nations! (Winnail, D. Debt, Disobedience and Demise of Nations. Tomorrows’ World, Volume 12, Issue 2. March-April 2010, p. 27)
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. In that respect they have recently plundered many nations. The change is lending from China is not yet enough of a factor–but even when it cannot borrow from others directly, the Federal Reserve simply prints up more electronic currency (with terms like “quantitative easing”) that creates both a credit and inflation risk.
And while I do not believe that 2012 is the year for total monetary collapse (though problems are happening and will happen in 2012), according to Bible prophecy, the end of the Anglo-dominance of the world is coming, and the final age of the Gentiles will be here in a relatively few years. The debt and other financial issues in the USA are indicators that not too many more years are left before the start of the Great Tribulation.
It is not that Europe and other areas will not have their own issues, it just is that since they have not quite followed the USA into the debt creation machine to the same degree, they completely will fall apart later than the USA does. Investors will not necessarily seek perfection, just something that they consider a safer investment than the USA dollar.
And the Bible shows that the final King of the North of Europe will apparently secure gold (cf. Daniel 11:40-43) that will for a while, partially hold its collapse off (Revelation 18:11-16). And hence, Europe looks like it will be the place that many investors will choose over the USA, and its close allies, such as the UK and Canada.
To learn more, please check out the following articles:
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British-English, 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? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? 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?
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 a lengthy article with many prophecies that Barack Obama may end up fulfilling.
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 by him?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
When Will the Great Tribulation Begin? 2012, 2013, or 2014? 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?
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.
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?
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?
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?
End of Mayan Calendar 2012–Might 2012 Mean Something? Are there Mayan calendar predictions for change in 2012? Changes were centuries ago predicted by the Hopi Native Americans. Do Mayan/Hindu/Hopi/Buddhist/New Age/Nostradamus prophecies have any value here? 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? How might Barack Obama and Julia Gillard be involved in 2012? Have predictions written by Bob Thiel related to Barack Obama and Julia Gillard began to come to pass?
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