Forbes: Donald Trump And The Fed Are Destroying The U.S. Dollar; VOA: COVID-19 Crisis Could Cost Australia 1 Million Jobs

COGwriter

Forbes reported the following:

Donald Trump And The Fed Are Destroying The U.S. Dollar

It’s been an historic week for the U.S. with president Donald Trump signing a record $2.2 trillion coronavirus-induced emergency stimulus package.

The massive cross-party rescue deal is designed to help Americans and businesses cope with the economic shutdown caused by the coronavirus COVID-19 pandemic.

The U.S. dollar has taken a beating, however, dropping almost 4% against a basket of currencies this week—its biggest weekly loss since the height of the global financial crisis over 10 years ago. …

Caitlin Long, said via Twitter, adding she expects the U.S. Federal Reserve’s balance sheet to top $10 trillion before the coronavirus crisis is over and predicting the dollar’s eventual crash.

On top the of the massive economic aid package, the Fed has been working hard to prop up plunging markets—with mixed results despite its shock-and-awe firepower.

Potential risks of the combined cross-party rescue bill and Fed’s biggest-ever bazooka include out-of-control inflation, the dollar’s displacement as the world’s funding currency, and the complete destabilization of the U.S. financial system. …

“The beautiful thing about our country is $6.2 trillion—because it is 2.2 plus four [combining the Fed’s action and the cross-party rescue bill]—it’s $6.2 trillion, and we can handle that easily because of who we are, what we are,” Trump said, speaking after the bill’s historic White House signing ceremony, and boasting the package was “twice as large” as any prior relief bill. https://www.forbes.com/sites/billybambrough/2020/03/28/donald-trump-and-the-fed-are-destroying-the-us-dollar/#668c9f996ebc

Of course, it is not just Donald Trump and the US Federal Reserve involved. The Democrats have pushed for much of this and more. Actually, more ’emergency spending’ is expected according to media reports.

Furthermore, Goldman Sachs is forecasting a 24% loss (negative growth) in the economic output for the next fiscal quarter (https://www.bloomberg.com/news/articles/2020-03-22/top-economists-see-some-echoes-of-depression-in-u-s-sudden-stop). Increasing debt and decreasing production is not good for the US dollar. And one day it will crash, much more than almost any seem to believe. One day it will be worth only the scrap and souvenir value of the cotton-paper it is printed on.

The US is not the only place increasing debt because of COVID-19. In addition to Europe doing so, notice the following report from Voice of America (VOA) related to Australia:

COVID-19 Crisis Could Cost Australia 1 Million Jobs; Government Responds with Stimulus

March 29, 2020

SYDNEY – Australia has announced multimillion-dollar measures to boost mental health and emergency food services during the COVID-19 crisis. The government will also announce a third major economic stimulus package to protect businesses and jobs.

More than a million Australians could lose their jobs as the COVID-19 crisis intensifies, which would more than double the national unemployment rate. Airlines and travel agents have this week laid off thousands of people. The ripples are spreading to all corners of the economy, from cafes to hairdressers and factories to theaters. Retailers are hard hit, while lawyers, dance teachers and tradesmen are also feeling the financial strain.

Few professions are immune from the economic calamity unleashed in Australia by COVID-19, which as of March 29 had racked more than 2,800 confirmed cases and 16 deaths in Australia.

The government in Canberra has already announced unprecedented financial support for businesses that are struggling to survive. More measures to stimulate the economy are expected in coming days. Millions of dollars are to be given to mental health centers and emergency food programs as the crisis deepens.

Many fired workers in Australia are unemployed for the first time and are joining long lines outside the government’s Centrelink welfare offices. …

While much of the economy is in distress, some sectors will flourish during the coronavirus pandemic. Supermarkets in Australia are recruiting thousands of extra workers to cope with a surge in demand, but overall, the economy is sinking.

Australia has not been in recession since the early 1990s, but with much of the country grinding to a halt, experts warn that a steep economic downturn is inevitable. https://www.voanews.com/science-health/coronavirus-outbreak/covid-19-crisis-could-cost-australia-1-million-jobs-government

‘Stimulus’ means more debt for Australia.

Let me mention here that the most indebted nation in the world is the USA, number 2 is the United Kingdom, Canada is number 11, Australia is number 12, and New Zealand is number 35 (List of countries by external debt. Wikipedia, accessed 03/29/20).

Any additional spending increases debt. COVID-19 is a factor that is increasing their debt more.

Here is something related to Canada:

Canada has passed a multi-billion-dollar relief package to respond to the coronavirus slowdown.

It allows the government to spend C$107bn ($75bn, £64bn) in emergency aid and economic stimulus to assist Canadians struggling financially. 03/25/20 https://www.bbc.com/news/world-us-canada-52022506

Notice a prophecy God inspired the prophet Habakkuk to write:

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)

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).

The above is a prophecy for the appointed time of the end–essentially the time of the Great Tribulation (Matthew 24:21). The USA has been accumulating pledges in the form of US Treasury bonds and notes, and is the most indebted nation of all time. Notice that the prophecy says it is so bad, that people should run who read it. That is, they should seriously consider what this means and take the appropriate steps.

The Bible shows that foreign creditors will rise up.

Because US and British-descended leaders ignore, and even despise, instructions and warnings from the word of God, destruction will come to them. Notice something God inspired the prophet Isaiah to record:

12 Therefore thus says the Holy One of Israel:

“Because you despise this word,
And trust in oppression and perversity,
And rely on them,
13 Therefore this iniquity shall be to you
Like a breach ready to fall,
A bulge in a high wall,
Whose breaking comes suddenly, in an instant.
14 And He shall break it like the breaking of the potter’s vessel,
Which is broken in pieces;
He shall not spare.
So there shall not be found among its fragments
A shard to take fire from the hearth,
Or to take water from the cistern.” (Isaiah 30:12-14)

Most of the leaders in the USA, UK, Canada, Australia, and New Zealand despise the word of God, trust in perversion, and think nothing of oppressive debt levels.

Increasing debt will not end up well for the USA and its British-descended allies.

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.
COVID 19 is NOT the End, but could it be TEOWAKI? The novel coronavirus called COVID-19 is wreaking havoc around the world. Many states of the USA as well as countries in Europe are on lockdown with shelter in place /shelter in residence requirements. In France, a form is required when you are not at your house. In Spain, drones are being used to warn people who are outside to got back to their homes–does that bring up feelings of ‘Big Brother’? Italy, France, and other areas are using police and/or military force to encourage people to stay inside. According to the Bible could this be the end? If not, what has to happen first? Have the second and third of the four horsemen of the Apocalypse started their ride? Could COVID-19 be the fourth horseman? Why or why not? Could we be seeing The End of the World as We Know It (TEOTWAKI) like the R.E.M.’s 1987 single song discussed? Do Christians need to fear? What did Jesus teach? What did the Psalmist teach? This is a video. Here is a link to a version in the Spanish language: Corona 19 no es el final PERO es el TEOWAKI.
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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?
Biological Warfare and Prophecy. Is biological warfare possible? Was it prophesied? Scientists have long warned that pathogenic organisms like the coronavirus could be weaponized. Furthermore, back in 2017, there were concerns that the biological research facility being constructed in Wuhan, China was risky and that a coronavirus from it could be released. On January 25, 2020, China’s President Xi Jinping publicly stated that the situation with the Wuhan-related strain of the coronavirus was grave. Did Church of God writers like the late evangelist Raymond McNair warn that engineered viruses (the “Doomsday bug”) were consistent with prophecies from Jesus? Did a warning from CCOG leader Bob Thiel warn about risks of genetically-modified (GMO) mosquitoes come to pass? Could human research and/or the consumption of biblically-unclean animals such as bats and snakes be a factor in current outbreaks or coming future pestilences? What about famines? How devastating have pestilences been? How devastating are the prophesied ones going to be? Dr. Thiel addresses these issues and more in this video.
Fourth Horseman of the Apocalypse What is the pale horse of death and pestilences? What will it bring and when? Some related videos may include Amphibian Apocalypse: Threat to Humans?, Zombie Deer Disease is Here! Are the 10 Plagues on Egypt Coming?, and Biological Warfare and Prophecy. Here is a version of the article in Spanish: El cuarto jinete de Apocalipsis, el caballo pálido de muerte y pestilencia.
Four Horsemen of the Apocalypse What do each of the four horseman of the Apocalypse represent? Have they began their ride? Did Jesus discuss the any of this? Might their rides coincide with the “beginning of sorrows? Do they start their ride prior to the Great Tribulation? Did Nostradamus or any other ‘private prophets’ write predictions that may mislead people so that they may not understand the truth of one or more of the four horseman? There is also a related YouTube video titled The Four Horsemen of the Apocalypse.
20 items to prophetically watch in 2020 Much is happening. Dr. Thiel points to 20 items to watch (cf. Mark 13:37) in this article. Here is a link to a related sermon: 20 Prophetic Items to Watch in 2020.
The New World Order Is Leaving the US Behind Bloomberg reported that the New World Order is leaving the USA behind. Other secular news sources are also reporting the rise of a new world order and decline of the influence of the USA. What about NAFTA, the Paris Accords, TPP, TWO, and NATO? Russia, China, and Europe are all working towards reducing dominance of the USA. Is this consistent with biblical prophecy? When did the time of Anglo-American dominance begin? Will the coming world order be dominated by a European Babylonian power? What will happen to the USA, United Kingdom, Australia, and New Zealand after military actions by the coming order and the Great Tribulation? Are there any ties to Armageddon? Dr. Thiel addresses and more from the Bible.
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.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.
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. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
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The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
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Will the Anglo-Saxon-Celtic 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?
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