Does the Federal Reserve have a clue? Do the COGs?

Minutes of a major US Federal Reserve meeting were released and there are various views about the economic situation and where this is heading:

October 9, 2015

Oct 9 (Reuters) – Wall Street was set to open slightly higher on Friday, a day after the S&P 500 closed at a seven-week high as investors bet the Federal Reserve would keep rates at near-zero levels until at least next year.

The minutes of the Fed’s September meeting, released on Thursday, indicated further signs of dovishness, with policymakers concerned about a global economic slowdown weighing on America, even before weak September jobs data.

“It was more a case of an abundance of caution rather than worry,” said Brad McMillan, chief investment officer for Commonwealth Financial Network. http://www.reuters.com/article/2015/10/09/markets-stocks-usa-idUSL3N1293LL20151009

NEW YORK – The minutes released Thursday from the September meeting of the Federal Open Market Committee, the policy-setting body of the Federal Reserve, show the Fed backed off raising interest rates because of concern the global economic slowdown was impacting the much-touted Obama “economic recovery.”

The FOMC minutes from the Sept. 16-17 meeting echo concerns published this week by the International Monetary Fund that also warned a global economic meltdown is looming as world debt builds to record heights amid a slowdown in global economic growth. …

If global economic growth continues to slow, the next problem is that the “Obama recovery” in the United States has been prompted by the near doubling of U.S. debt during the Obama presidency to over $18 trillion. The Federal Reserve, meanwhile, has been printing money used to purchase U.S. Treasury debt to keep interest rates low.

The concern is that an increase in interest rates by the Fed would trigger a stock market crash of historic proportions.

However, until the Federal Reserve starts increasing interest rates, governments in the developed economies, including the European Union, have little or no incentive to stop piling up government debt to historically frightening levels.

China, the biggest foreign owner of U.S. Treasury debt, is currently engaged in an historic selloff of U.S. Treasuries to prevent the yuan from weakening beyond the level of 6.40 yuan per dollar. http://www.wnd.com/2015/10/fed-joins-world-banks-worry-of-global-economic-meltdown/#R5FYifitvusVk3gw.99

The US Federal Reserve, which is neither a US federal government agency nor does it have any significant ‘reserves,’ has a difficult job, but normally takes one with minimal short-term political consequences.

It has tended to try to prop up the US stock markets, basically successfully, for the past couple of decades. It has artificially reduced interest rates by creating money (yes, they basically make it out of thin air, by creating electronic money and issuing US treasury notes as collateral).

If US interest rates rise to levels such as seen in the 1980s, the USA would be faced with the situation that just the interest on its debt would exceed all of its tax revenues.

Although US President Barack Obama has called the increase in USA debt ‘unsustainable.’ it has massively increased under his administration faster than any previous administration.

Since the debt increases are ‘unsustainable,’ yet the US government with its accomplices at the US Federal Reserve facilitating it, what will happen?

Notice some of what is recorded in the Book of Habakkuk:

2 Then the Lord answered me and said:

“Write the vision
And make it plain on tablets,
That he may run who reads it.
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. (Habakkuk 2:2-3)

Notice that the above is saying that something really, really bad will happen in the appointed time of the end. That means this has future application. Notice also that what is coming will be so bad that the time will come when people should run/flee when it does happen (consider also the article There is a Place of Safety for the Philadelphians. Why it May Be Petra). The time will come when those Philadelphians who understand Habakkuk 2 in its proper timeframe will flee.

So, what is this prophecy related to?

Debt.

Notice what else the Prophet Habakkuk was inspired to record:

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,
Because of men’s blood
And the violence of the land and the city,
And of all who dwell in it. (Habakkuk 2:6-8)

Those in the US Federal Reserve and the Obama Administration do not believe what the Bible teaches here is relevant, thus they do not have a clue how bad the situation in the USA will be.

I, personally, have taught the end time risks of Habakkuk 2 longer than any living COG leader that I am aware of. And the only Church of God group that I am aware of that has been boldly teaching about this warning in Habakkuk 2 for years is the Continuing Church of God (and the end time applicability of Habakkuk 2 was even in the first edition–January-March 2013–of our Bible News Prophecy magazine; and the headline shown on the front cover was “Habakkuk’s Warning is for Us Today”). The Laodicean groups that I am aware of are NOT teaching this. We in the Continuing Church of God expect to tell people WHEN the time the Philadelphians should flee.

Jesus specifically told the Laodiceans, in a prophecy, that they needed to repent (Revelation 3:19) or face consequences (Revelation 3:14-19, and that they would be rewarded for doing so (Revelation 3:20). The Laodiceans are Church of God Christians “who keep the commandments of God and have the testimony of Jesus Christ” (Revelation 12:17).

As far as debt goes, “The United States has the largest debt in the world” US News & World Report – Jan 28, 2011 http://www.usnews.com/news/articles/2011/01/28/the-10-countries-with-the-most-debt). And the Bible clearly warns that an indebted people will be destroyed by people whose language that they do not understand, and that the destruction will be fairly total:

43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed…47 “Because you did not serve the LORD your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the LORD will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The LORD will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. 52 They shall besiege you at all your gates until your high and fortified walls, in which you trust, come down throughout all your land; and they shall besiege you at all your gates throughout all your land which the LORD your God has given you (Deuteronomy 28:42-45,47-52).

7 The rich rules over the poor, And the borrower is servant to the lender. (Proverbs 22:7)

13 And the Lord said, “Because they have forsaken My law which I set before them, and have not obeyed My voice, nor walked according to it, 14 but they have walked according to the dictates of their own hearts…16 I will scatter them also among the Gentiles, whom neither they nor their fathers have known. And I will send a sword after them until I have consumed them.” (Jeremiah 9:13,14a,16)

12 One-third of you shall die of the pestilence, and be consumed with famine in your midst; and one-third shall fall by the sword all around you; and I will scatter another third to all the winds, and I will draw out a sword after them. (Ezekiel 5:12)

Notice that getting in debt is considered to be a curse (see also the YouTube video The Debt Crisis Will Be Worse Than Most Imagine).

The debt situation of the USA is putting it at risk of being unable to recover should it be hit by weather problems, terrorist acts, war, riots, solar flares, severe earthquakes, civil unrest, devastation of their genetically-modified food supplies, food shortages, and/or various pestilences–an intensity of “sorrows” such as Jesus discussed in Matthew 24:4-8 leading up to the time of the Great Tribulation. Disasters such as pestilences, especially if there is an ElectroMagnetic Pulse (emp) attack or a severe solar flare storm, could be part of a so-called “perfect storm” of events that could set the USA for destruction.

Let me make this perfectly clear: THE TIME WILL COME WHEN THE USA WILL NO LONGER EXIST AS ITS OWN NATION. It will be destroyed and taken over–other scriptures, like Daniel 11:39, also show this.

The worst is yet to come, but its Federal Reserve appears nearly clueless. However, I should add that for the USA, its end will not be for at least a few more years (see When Will the Great Tribulation Begin? 2015, 2016, or 2017?).

As far as 2015 goes, as I mentioned before, consider watching the videos Project Prophecy: Economic Collapse Starting in 2015?, Market Collapse then New World Order in 2015?, Alternative to the US Dollar in the Fall of 2015?, and The ‘Harbinger’ and September 2015.

Some 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. 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.
When Will the Great Tribulation Begin? 2015, 2016, or 2017? 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 2014 o 2015? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
The Laodicean Church Era has been predominant circa 1986 A.D. to present. The Laodiceans are non-Philadelphians who mainly descended from the old WCG or its offshoots. They do not properly understand the work or biblical prophecies and will face the Great Tribulation if they do not repent. One video of related interest is 17 Laodicean Errors in Prophecy.
There is a Place of Safety for the Philadelphians. Why it May Be Petra This article discusses a biblical ‘place of safety’ and includes quotes from the Bible and Herbert W. Armstrong on this subject–thus, there is a biblically supported alternative to the rapture theory. There is also a video on the subject: Might Petra be the Place of Safety? Here is something related in the Spanish language: Hay un lugar de seguridad para los Filadelfinos. ¿Puede ser Petra?
Two Horned Beast of Revelation and 666 Who is 666? This article explains how the COG views this, and compares this to Ellen White. Here is a link to a prophetic video Six Financial Steps Leading to 666?
The Mark of Antichrist What is the mark of Antichrist? What have various ones claimed? Here is a link to a related sermon What is the ‘Mark of Antichrist’?
Mark of the Beast What is the mark of the Beast? Who is the Beast? What have various ones claimed the mark is? What is the ‘Mark of the Beast’?
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
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? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
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?
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel. Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia?
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? A YouTube video of interest may be Is China THE Threat to the United States of America?
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? 2021 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up?
The Snowden Leaks are Leading to the Destruction of the USA Can what happened with the leaks of what the NSA has done help the USA to be taken over? What does the Bible teach that seems to be related to this? Here is a related YouTube video titled Are the Snowden NSA leaks leading to the destruction of the USA?
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse?
Market Collapse then New World Order in 2015? A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach?
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?
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.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? True religion should be based upon the true gospel.
Did The Early Church Teach Millenarianism? Was the millennium (sometimes called chiliasm) taught by early Christians? Who condemned it? Will Jesus literally reign for 1000 years on the earth? Is this time near? A related sermon is titled The Millennium.
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.