Church of God News

COGwriter

Forbes put out the following, written by John Mauldin, that caught my attention:

The 2020s Might Be The Worst Decade In U.S. History

I recently wrote about a looming credit crisis that’s stemming from high-yield junk bonds. …

Rising defaults will force banks to reduce their lending exposure, drying up capital for previously creditworthy businesses.

This will put pressure on earnings and reduce economic activity. A recession will follow.

Global Recession

This will not be just a U.S. headache, either. It will surely spill over into Europe (and may even start there) and then into the rest of the world. The U.S. and/or European recession will become a global recession, as happened in 2008.

Europe has its own set of economic woes and multiple potential triggers. It is quite possible Europe will be in recession before the ECB finishes this tightening cycle.

As always, a U.S. recession will spark higher federal spending and reduce tax revenue. So I expect the on-budget deficit to quickly reach $2 trillion or more. Within four years of the recession’s onset, total government debt will be at least $30 trillion. …

The Great Reset

Unemployment may approach the high teens by the end of the decade and GDP growth will be minimal at best.

What do you call that condition? Certainly not business as usual.

Long before that happens, the Federal Reserve will have engaged in massive quantitative easing. …

The world simply has too much debt, much of it (perhaps most) unpayable. At some point, the major central banks of the world and their governments will do the unthinkable and agree to “reset” the debt.

How?

It doesn’t matter how, they just will. They’ll make the debt disappear via something like an Old Testament Jubilee.

I know that’s stunning, but it’s really the only possible solution to the global debt problem. …

As we get into the 2020s, the presidency and Congress will again be whipsawed, and we will begin to discuss Bernie Sanders’ “crazy” universal basic employment idea, or others like it.

By then, the idea will not be considered crazy, but the only feasible choice. Even conservative politicians can see the light when they feel the heat.

All of this is going to lead to the most tumultuous decade in U.S. history, even if we somehow (hopefully) avoid throwing a war into the mix

If we somehow get through all that, and particularly the Great Reset, the 2030s should be pretty good. https://www.forbes.com/sites/johnmauldin/2018/05/24/the-2020s-might-be-the-worst-decade-in-u-s-history/#1fefec1e48d3

Related to this, the Continuing Church of God (CCOG) put together the following video on our Bible News Prophecy YouTube channel:

13:03

Forbes 2020s Might Be The Worst Decade In U S History

Forbes posted an article by John Mauldin titled “2020s Might Be The Worst Decade In U.S. History.” The article claimed that US debt is destined to rise dramatically as well as cause financial problems with Europe. He claimed that unemployment would greatly increase as well. He claimed a reset, like a biblical jubilee debt release, would be the logical solution. He claimed that the 2030s were then likely to be good. Could the 2020s be the worst decade in USA history? How might Habakkuk 2 play into any of this? What about Jeremiah 30? Could Jesus possibly return towards the end of the decade? Could the USA experience sorrows, troubles, and possibly the Great Tribulation in the 2020s? Could the 6000 years be over then? Could the 2030s be a fantastic time ushering in the millennium? Dr. Thiel addresses these issues and more.

Here is a link: Forbes 2020s Might Be The Worst Decade In U S History

As far as a debt jubilee goes, such a thing is biblical for individuals. Biblically, this was to be sounded by a trumpet every 50 years (Leviticus 27:16-24).

But the Bible does not discuss national debt default occurring then. Plus now, foreigners and others owed money will NOT be pleased (cf. Habakkuk 2:6-8. Others have called for a debt jubilee, and I have reported about it before (see Trump signs new debt increase. Are Americans to soon demand a debt-cancelling Jubilee?).

Now, there are a couple of points to consider.

First, yes, I expect the USA to continue to increase its debt. The more it does this the more difficult it is to actually pay the debt back. And eventually, when interest rates rise enough that would devastate the US economy.

But secondly, I want to focus on the possibility that the decade of the 2020s may end up being the worst in US history.

While, because we have not seen a peace deal and the related confirmation as discussed in Daniel 9:26-27 (see also The ‘Peace Deal’ of Daniel 9:27), the Great Tribulation will NOT begin until after the first term of Donald Trump’s Administration, the decade will NOT START off with the Great Tribulation Jesus spoke of in Matthew, the USA could experience sorrows and troubles as Jesus also foretold would happen before then:

4 “Tell us, when will these things be? And what will be the sign when all these things will be fulfilled?”

5 And Jesus, answering them, began to say: “Take heed that no one deceives you. 6 For many will come in My name, saying, ‘I am He,’ and will deceive many. 7 But when you hear of wars and rumors of wars, do not be troubled; for such things must happen, but the end is not yet. 8 For nation will rise against nation, and kingdom against kingdom. And there will be earthquakes in various places, and there will be famines and troubles. These are the beginnings of sorrows. (Mark 13:4-8)

Now let’s consider some other reasons that it is possible that the 2020s will be the worst in the history of the USA.

Many early professors of Christ believed that God had given humanity 6,000 years to live on its own, no longer under God’s direct rule (see also Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End?).

This was to be followed by a millennial kingdom of God and reign of Jesus (see also Did The Early Church Teach Millenarianism?).

What does any of this have to do with the decade of the 2020s?

While based on various calculations and estimates I am familiar with, there is a high probability that the 6,000 years will end in the latter half of that decade.

That being the case, the Great Tribulation of Matthew 24:21, also called “the time of Jacob’s trouble” (Jeremiah 30:7), would begin in the decade of the 2020s.

Now, some people believe that the 6,000 years are over. Some believed in the calculations from the 17th century made by a non-COG historian, James Ussher, who was the Anglican Archbishop of Armagh (in what is now Northern Ireland).

He primarily based his calculations upon the chronologies and reigns of kings in the Old Testament to conclude that the world was created in the Fall of 4004 B.C. There are several problems that can arise from using James Ussher’s method:

1) The first is that Ussher’s method did not seem to take into account the fact that sometimes a son began to reign in a kingdom before his father king died (which, for one example, is the case with Solomon, see 1 Kings 1:32-43), hence the official chronologies often counted both co-reigns (hence this could contribute to possible over counting by Ussher).

2) He made some errors in some of his calculations.

3) James Ussher guessed that Solomon built the Jerusalem Temple in 1012 .B.C., but it was likely decades later.

4) It is almost certain that the 6,000 years for humans to rule over themselves apart from direct contact with God began after Adam sinned, and hence left the Garden of Eden (cf. Genesis 3:24). It is possible that this could have taken from one day to twenty or so years–the Bible is not specifically clear on this point.

Thus, even if some of Ussher’s calculations were accurate, there still would be time left as he did not really attempt to prove when Adam and Eve were put out of the Garden of Eden–he only attempted to calculate the possible year of creation based upon his own limited understandings of biblical chronologies and other historical indicators (at least one of which seems to have been in error). Therefore, people who rely on Ussher’s 4004 B.C. calculations to claim that the 6000 years are up seem to be relying on assumption as opposed to fact.

Some who now point to Ussher do so to discredit the idea of a 6000-7000 year plan. But since Ussher was not completely accurate, this does not dismiss the basic concept.

The best calculations that I am aware of point to the decade of the 2020s or 2030s for the 6,000 years to end (for details, see Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End?).

Presuming it is up in the 2020s, this would be the worst decade in history for the USA and various other nations.

Notice what Jesus taught:

21 For then there will be great tribulation, such as has not been since the beginning of the world until this time, no, nor ever shall be. 22 And unless those days were shortened, no flesh would be saved; but for the elect’s sake those days will be shortened. (Matthew 24:21-22)

Jesus also calls this something else in Revelation 3:10:

the hour of trial which shall come upon the whole world, to test those who dwell on the earth.

Now, if that hits in the decade of the 2020s, it will be a horrific time.

As far as debt and the USA goes, however, it will be worse than people like John Mauldin tend to think. Notice something that the Bible teaches:

2 And the Lord answered me:

“Write the vision;
make it plain on tablets,
so he may run who reads it.
3 For still the vision awaits its appointed time;
it hastens to the end—it will not lie.
If it seems slow, wait for it;
it will surely come; it will not delay.

4 “Behold, his soul is puffed up; it is not upright within him,
but the righteous shall live by his faith.

5 “Moreover, wine is a traitor,
an arrogant man who is never at rest.
His greed is as wide as Sheol;
like death he has never enough.
He gathers for himself all nations
and collects as his own all peoples.”

6 Shall not all these take up their taunt against him, with scoffing and riddles for him, and say,

“Woe to him who heaps up what is not his own—
for how long?—
and loads himself with pledges!”
7 Will not your debtors suddenly arise,
and those awake who will make you tremble?
Then you will be spoil for them.
8 Because you have plundered many nations,
all the remnant of the peoples shall plunder you,
for the blood of man and violence to the earth,
to cities and all who dwell in them. (Habakkuk 2:2-8; English Standard Version)

The USA is the most indebted nation in the history of humanity and those in it should try to understand this prophecy–rising interest rates mean that it will cost the US government more to service its debt–this will one day be truly unsustainable. Perhaps it should be noted that the United Kingdom seems to have the second highest amount of total debt (about 1/2 that of the USA).

Notice that God tells Habakkuk that those who read this should run–that means they should take proper spiritual action now (cf. Luke 21:36), and then, eventually physically flee (cf. Revelation 12:14-16; see also There is a Place of Safety for the Philadelphians. Why it May Be Near Petra). The rise of US debt was listed by me as number 10 of 18 items to prophetically watch in 2018 (here is a link to a related sermon: 18 items to prophetically watch in 2018).

The Anglo-American world order will come to an end. Accumulation of debt, and then having to pay historically ‘normal’ interest rates will strain the national economies of the USA and UK more than almost anyone will believe. It will be a financial crisis beyond what John Mauldin and most others would consider possible.

Those who think the current world order with the USA’s dollar on top will last several decades are in error.

The idea that the debt does not matter is a false and arrogant belief.

The Bible teaches:

18 Pride goes before destruction, And a haughty spirit before a fall. (Proverbs 16:18)

It is prideful arrogance that gets humans to think that they can essentially completely control the economy and just borrow and print up money. They cannot. Weather, political events, diseases, wars, morality, technology, and other factors play a role.

Plus, there is also the matter of debt accumulation by the USA and biblical prophecy.

Those who will believe the Bible will take the words that God spoke to the prophet Habakkuk seriously.

If this fulfillment happens in the 2020s, could John Mauldin be correct when he wrote, “If we somehow get through all that, and particularly the Great Reset, the 2030s should be pretty good”?

Yes.

Notice the following:

5 “For thus says the Lord: ‘We have heard a voice of trembling, Of fear, and not of peace. 6 Ask now, and see, Whether a man is ever in labor with child? So why do I see every man with his hands on his loins Like a woman in labor, And all faces turned pale?

7 Alas! For that day is great, So that none is like it; And it is the time of Jacob’s trouble, But he shall be saved out of it. 8 ‘For it shall come to pass in that day,’ Says the Lord of hosts, ‘That I will break his yoke from your neck, And will burst your bonds; Foreigners shall no more enslave them. 9 But they shall serve the Lord their God, And David their king, Whom I will raise up for them. 10 ‘Therefore do not fear, O My servant Jacob,’ says the Lord, ‘Nor be dismayed, O Israel; For behold, I will save you from afar, And your seed from the land of their captivity. Jacob shall return, have rest and be quiet, And no one shall make him afraid. 11 For I am with you,’ says the Lord, ‘to save you; Though I make a full end of all nations where I have scattered you, Yet I will not make a complete end of you. But I will correct you in justice, And will not let you go altogether unpunished.’ (Jeremiah 30:5-11)

This is a prophecy for the descendants of Jacob, which includes nations like the USA (see also Anglo – America in Prophecy & the Lost Tribes of Israel) which will be scattered during the Great Tribulation (for details, see also Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves?).

Notice that the time of trouble will end.

Americans, and others, will then serve the Lord their God.

This will happen in the millennial Kingdom of God.

This will be a time of abundance and prosperity.

Presuming God’s Kingdom is established by or during the 2030s, it will be better than pretty good.

Pray for the Kingdom of God to come (Matthew 6:10).

Yet, expect troubles and tribulation before then (Mark 13:8-20).

Tweet

This entry was posted on Thursday, May 23rd, 2019 at 7:00 am and is filed under Prophecy.

• BibleNewsProphecy: Forbes 2020s Might Be The Worst Decade In U S History
• Forbes: The 2020s Might Be The Worst Decade In U.S. History
• Forbes: 2020s Might Be The Worst Decade In U S History; Debt Jubilee?
• CBS: ‘National debt tops $22 trillion for first time in U.S. history’ Forbes: ‘The 2020s Might Be The Worst Decade In U.S. History’
• New Zealand’s Dollar and Debt
• Free Book: Donald Trump and America’s Apocalypse
• ‘China may dump U.S. Treasuries as Sino-U.S. tensions flare’
• UK May Have Debt Crisis in 2012
• Forbes’ article predicted 2020’s could be worst USA decade–it will get even worse than we have seen
• Forbes predicted a bad decade for the 2020s, but missed a lot