CBS: Rising interest rates are near the danger zone
CBS reported the following:
Rising interest rates are near the danger zone
February 23, 2018
The Federal Reserve’s latest meeting minutes caught Wall Street’s attention this week. The result was a wild swing of nearly 500 points in the Dow Jones industrials, as an early rally based on the minutes was swept away by renewed concerns about rising interest rates.
The 10-year Treasury’s climbing yield is getting serious as it now hovers near the 3-percent threshold (chart below) that many professionals have fingered as the danger zone as which point costlier credit will weigh on stock prices. That impact would be felt via everything from a pullback in corporate debt-funded share buybacks to diminished consumer financing and spending. https://www.cbsnews.com/news/rising-interest-rates-are-near-the-danger-zone/
While CBS is concerned about the danger to stock prices, there is a much bigger danger than that.
The two main political parties in the USA have been involved in increasing the debt of the USA:
February 23, 2018
Congressional Republicans have been raked over the coals in the last two weeks for slamming through budget caps and inflating government spending and debt by another $300 billion.
The criticisms are well-deserved. …
But now we are experiencing a historical revisionism — based on fantasy, not fact — about the fiscal record during the slow-growth Obama years. Amazingly, Barack Obama is being heralded as a deficit slayer who helped get our fiscal house in order. What’s next? Richard Nixon was really a pussycat?
Obama and his supporters are saying that he “cut the deficit by two-thirds.” The left-wing group Politifact, which is supposed to be a fact-checker, even has rated Obama’s claim as “mostly true.” …
The national debt nearly doubled in eight years, which makes Obama the runaway Olympic gold medalist for fiscal incompetence. On this score Obama’s record is by far the worst of any modern president.
So where does this fantasy come from that Obama lowered the deficit by 60 percent? Here are the official deficit amounts (in billions of dollars) in George W. Bush’s last year in office and Obama’s eight years in office:
2008 — 459
2009 — 1,413
2010 — 1,294
2011 — 1,300
2012 — 1,087
2013 — 680
2015 — 438
2016 — 585
Here is some simple math for Obama worshippers: $585 billion, the deficit at the end of the Obama presidency, is higher than $459 billion, the deficit at the beginning of the Obama presidency. http://qconline.com/opinion/columnists/obama-s-real-debt-and-deficit-legacy/article_e033e637-782d-5011-b931-df91896151a4.html
This debt is a ticking time bomb.
According to the Congressional Budget Office, massive deficits are expected under the Donald Trump Administration.
According to the US Treasury, the debt of the USA as of 01/19/2017 was 19,944,429,217,106.77 (https://treasurydirect.gov/NP/debt/current).
According to the US Treasury, the debt of the USA as of 02/21/2018 was 20,763,473,664,583.21 (https://treasurydirect.gov/NP/debt/current).
What about debt, Donald Trump, and rising interest rates?
Notice something that I wrote about this in my book Donald Trump and America’s Apocalypse:
Debt is a prophesied problem (cf. Habakkuk 2:6-8).
The time will come when the U.S.A. government will no longer be able to borrow at low interest rates and/or it will create more money electronically and/or via the printing press to try to continue.
Make no mistake about it — massive inflation is coming.
The U.S.A. dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19). …
There was about $20 trillion of recognized US government debt before Donald Trump took office.
He plans to increase that total. Some think his stated policies will add around $10 trillion to that total (Matthews C. Donald Trump Calls for Exploding the National Debt. Fortune, August 11, 2016).
This is dangerous. Consider also that Donald Trump said because interest rates are “so low”:
[T]his is the time to borrow, and to borrow long term, so that we can have money to rebuild our infrastructure. (Ibid)
Donald Trump also said:
I have borrowed, knowing that you can pay back with discounts. And I have done very well with debt. Now, of course, I was swashbuckling, and it did well for me and it was good for me and all that. …
Now we’re in a different situation with a country, but I would borrow knowing that if the economy crashed you could make a deal. And if the economy was good it was good so therefore you can’t lose. …
I don’t want to renegotiate the bonds, but I think you can do discounting. … I’m not even suggesting that we don’t borrow money at very low rates long term so we don’t have to worry about when they come due. (Kurtzleben D. Donald Trump’s Messy Ideas For Handling The National Debt, Explained. NPR, May 9, 2016)
Nobody knows debt better than me. I’ve made a fortune by using debt and if things don’t work out, I renegotiate the debt. Well, you go back and you say, ‘hey, guess what? The economy just crashed. I’m going to give you back half. (“Trump recession”? Presumptive GOP nominee fires back at Clinton. CBS, June 22, 2016)
It sounds like Donald Trump believes that debt is good and there is nothing wrong with defaulting or otherwise not intending to pay the total debt back.
The Bible says the wicked have that attitude:
21 The wicked borrows and does not repay, But the righteous shows mercy and gives. (Psalms 37:21)
Donald Trump has also filed for bankruptcy four times—presumably to not pay back debt, while he claims a financial worth around $10 billion.
He may consider that to be ‘good business,’ but his practices and intents sound biblically immoral.
Donald Trump has voiced concerns about interest rates rising in the USA:
If interest rates go up one percent, that’s devastating. What happens if that interest rate goes up 2, 3, 4 points? We don’t have a country. (Egan M. Donald Trump: ‘I’m the king of debt.’ CNN, May 7, 2016)
The rates Donald Trump is concerned about are not outrageously high. On December 14, 2016, the US Federal Reserve announced that it intended a series of four, at minimum of .25% interest rate hikes, which would at least equal one percent (Tankersley J. Federal Reserve raises interest rates for second time in a decade, expects 3 hikes in 2017. Washington Post, December 14, 2016)—the level that Donald Trump has declared would be “devastating” for the USA.
The USA is walking a dangerous line on its debt that will not end well.
Let us also consider that there is a prophecy in Habakkuk, written about 2600 years ago, about debt which is preceded by the following:
2 Then the Lord answered me and said:
“Write the vision And make it plain on tablets, That he may run who reads it. (Habakkuk 2:2)
The Bible says that the ‘debt prophecy’ in Habakkuk 2 is so significant that those who read it should run—essentially that they should take steps because the results will be horrific. Donald Trump and many other American politicians have not run away from increasing U.S.A. debt—that will be to the nation’s peril.
The Bible warns about something that will happen to a heavily indebted nation. Notice what the Hebrew seer Habakkuk wrote over 2,600 years ago:
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 2:2-3,6–8).
Notice that what is to happen is so bad, that people who read the prophecy should run, when it is time for it to be fulfilled. Since that prophecy is to be fulfilled at the appointed time of the end, it is still for the future, but perhaps not too far distant in the future. No nation has ever been in as much total debt as the U.S.A.
Interest rates are expected to rise to levels that Donald Trump claimed that the USA would no longer have a country. The reality is that will happen.
Consider that if interest rates approach 15% again, like they did in the 1980s, that the interest alone on the US national debt would exceed $3 trillion, which is close to the TOTAL federal budget. And since the debt is expected to continue to rise, this would be even worse.
The time will come when the USA will be taken over because of its debt. That is inevitable.
Rising interest rates mean that the debt will tend to rise faster.
The debt time bomb is ticking away.
Now, just because something is inevitable, does not mean that it is imminent.
As I have been writing since his election, I do not believe it is biblically possible for the Great Tribulation to begin during the first term of Donald Trump’s Administration.
It will take years for the impact of various policies to fully hit the USA–but when it truly hits it will be devastating according to the Bible.
Understand that the current Anglo-American dominated world order will NOT continue (cf. Daniel 11:39, 8:23-25; also watch End of the Anglo-American Order and/or The New World Order Is Leaving the US Behind).
Do not live your life as if the current world order will continue as it has. Bible prophecy says that it will not. Increasing levels of debt show that a debt bubble will one day burst and the USA (as well as its Anglo-Saxon descended allies) will one day be no more.
Jesus taught:
34 “But take heed to yourselves, lest your hearts be weighed down with carousing, drunkenness, and cares of this life, and that Day come on you unexpectedly. 35 For it will come as a snare on all those who dwell on the face of the whole earth. 36 Watch therefore, and pray always that you may be counted worthy to escape all these things that will come to pass, and to stand before the Son of Man.” (Luke 21:34-36)
Are you watching, praying, and living your life to be accounted worthy? The Great Tribulation is coming.
Some items of possibly related interest may include:
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
When Will the Great Tribulation Begin? 2018, 2019, or 2020? 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? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation begin in 2018?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
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.
WTO/TTIP and the Babylonian Beast Will international trade agreements like WTO/TTIP/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Will the Anglo-Saxon 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? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Could a Donald Trump presidency be apocalyptic? A related video is titled: Donald: ‘Trump of God’ or Apocalyptic?
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. 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 Donald Trump and America’s Apocalypse-Kindle Edition.
Collapse of the Euro and Dollar? War in 2020? Larry Edelson of Money and Markets described aspects of current economic difficulties and explained why he felt matters would get a lot worse. He said war, like World War III, could break out as early as 2020. What did he call the ‘granddaddy of all cycles”? Will matters go as he said? What does the Bible teach? Dr. Thiel provides biblical insights that secular sources often miss. This is a video.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? What about WWIV? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
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? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2026 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up?
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. A related sermon is titled: Do these 7 prophesies point to the end of the USA?
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?
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