Debt and the future demise of the USA
Source: MichaelPRamirez.com http://www.zerohedge.com/news/2016-09-17/its-still-debt-stupid
The USA has a lot of debt. More than any other nation in the history of humanity.
U.S. NATIONAL DEBT CLOCK (note the number below automatically changes, so the amount shown is the amount of debt as of the date you view it live)
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Notice the following:
The world’s hottest deficit hawk Niall Ferguson brought his message of fiscal doom & gloom to the Aspen Ideas Festival, where he warned that politicians were lacking urgency over the crisis to come.
And American politicians don’t have a sense of urgency, Ferguson contended. They feel the country can limp along for another 20 years or so in its current financial health without making tough decisions about fiscal policy. He believes they are wrong. The federal government’s debt has grown so large in the past decade that the United States will inevitably devote an increasing amount of taxes to it. Meanwhile it’s facing a greater burden through the Medicare and Social Security programs as Baby Boomers age. It’s also currently fighting two wars. All that while revenues have plummeted in the recession.
“If you really want to see when an empire is getting vulnerable, the big giveaway is when the costs of serving the debt exceed the cost of the defense budget,” Ferguson said. That will happen in the United States within the next six years, he predicted.
He also warned that the US economy could unravel very quickly, a la the Soviet Union, and that there was no reason to presume it would sink slowly into the mire. http://www.businessinsider.com/niall-ferguson-the-us-has-6-years-before-debt-payments-surpass-defense-spending-2010-7
The Congressional Budget Office is looking at massively increased debt in the future (see CBO points to massive debt: Can the depth of a coming financial crisis be known?).
This will cause many problems.
Consider something published decades ago by the old Worldwide Church of God:
IF the dollar is devalued, INFLATION will almost surely result — and eventual economic COLLAPSE for the United States.
Those of you who truly BELIEVE the prophecies of your Bible KNOW such economic collapse is prophesied to happen! (Armstrong HW. Co-worker Letter, March 26, 1968)
Rome collapsed under the crushing twin burdens of confiscatory taxation and creeping inflation. The steady deterioration of Rome’s currency was symptomatic of the increasingly serious financial situation of the empire.
But note this: What “average” pleasure-oriented Roman, living for the day, ever dreamed his proud nation would someday collapse into ignominy and be remembered only in the past tense in the pages of history?
There were those who warned the Romans of the inevitable end of their ways. Rome had its prophets, its seers, its political satirists. But their combined “jeremiad” fell on deaf ears. Romans, as a whole, would not listen.
And Rome fell.
Americans, Britons, Canadians, Australians, South Africans — as a whole — are not listening to the veritable torrent of shouts and warnings trumpeted by leaders in all aspects of national life.
Will our nations also fall?
The Five Major Causes
The five major causes for the decline and fall of the Roman Empire deduced from the writings of Edward Gibbon and noted historians of the Roman world are these: (1) The BREAKDOWN OF THE FAMILY and the rapid increase of DIVORCE. (2) The spiraling rise of TAXES and EXTRAVAGANT SPENDING. (3) The MOUNTING CRAZE FOR PLEASURE and the brutalization of sports. (4) The mounting production of ARMAMENTS to fight ever-increasing threats of enemy attacks. (5) The DECAY OF RELIGION into myriad and confusing forms, leaving the people without a uniform guide. …
They are all part of our world — our society.
They were a part of Rome’s, too. (Armstrong GT, Hogeberg G. The MODERN ROMANS – PART I. August 1969)
Printing more dollars because of debt can devalue currency. The US government’s spending and taxes are already extravagant and will worsen.
Rome fell, so will the USA.
Much of that debt was accumulated over the past nine years, and now there is a new administration.
So, is Donald Trump ultimately the answer?
No.
Notice a statement from Donald Trump about debt:
I’m the king of debt. I love debt. (Egan M. Donald Trump: ‘I’m the king of debt.’ CNN, May 7, 2016)
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.
Yet he, the Federal Reserve, many politicians, and many in the mainstream press seem to love debt. The Bible teaches that debt is one of the curses that happen to the disobedient (Deuteronomy 28:15,44).
It is the the United States and its Anglo-allies that have loaded pledges of debt in these end times (cf. Habakkuk 2) that they really do not expect to pay back. In that respect they have recently plundered many nations. And while much is owed to nations such as China, Japan, and the Arab World, the Europeans have trillions of dollars invested in the USA–money they may be disappointed to have devalued, and actually the Europeans seem to hold the most US debt (see EU reportedly the largest holder of USA debt). Enough so that they may divide the land among themselves and other creditors (cf. Daniel 11:39; see also USA in Prophecy: The Strongest Fortresses).
While your nation probably will not repent (Anglo or otherwise), you can. Do not wait until it is too late. The fact that the debt clock has risen so high should serve as a wake-up call that the end of the USA will be coming (Habakkuk 2:3,5,6-8; Deuteronomy 28:42-45,47-52).
Several items of possibly related interest may include:
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. A video of possible interest may be Will Will USA Spying Help the Beast Power?
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?
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? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
When Will the Great Tribulation Begin? 2017, 2018, or 2019? 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 2016 o 2017? ¿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: Will the Great Tribulation Start in 2017?
Are You Being Called by God? Norman Shoaf wrote various points to consider.
Is God Calling You? Alfred E Carrozzo wrote this.
What Did Christ Mean – Many Are Called, But Few Are Chosen? This article was by Raymond McNair.
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance.
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?
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.
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