Ron Paul on ‘The Mother of all Economic Crises’
#RonPaul warns that current trends left unchecked will result in an unprecedented #economiccrisis, as the world rejects #USdollars as its reserve currency while dollars plunge in value. Let’s please both prepare our families and educate our neighbors.https://t.co/lwZfFDxWnc
— David Edward Garber (@DaveGarber1975) December 14, 2022
Former US Congressman Ron Paul wrote the following:
The Mother of all Economic Crises
Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering amounts of debt held by individuals, businesses, and the government will soon lead to the “mother of all economic crises.”
Roubini properly blames the creation of a debt-based economy on the near-or-at-zero interest rate and quantitative easing policies pursued by the Federal Reserve and other central banks. The inevitable result of the zero-interest and quantitative easing policies is price inflation wreaking havoc on the American people.
The Fed has been trying to eliminate price inflation with a series of interest rate increases. So far, these rate increases have not significantly reduced price inflation. …
The main reason the Fed cannot raise rates to anywhere near what they would be in a free market is the effect it would have on the federal government’s ability to manage its debt. According to the Congressional Budget Office (CBO), interest on the national debt is already on track to consume 40 percent of the federal budget by 2052 and will surpass defense spending by 2029! …
The federal government’s fiscal picture is made worse by the fact that the Social Security “Trust Fund” will begin to run deficits by 2035 while the Medicare Trust Fund will run deficits by 2028. The looming bankruptcy of the two major entitlement programs, combined with the unwillingness of most in Congress to reduce either welfare or warfare spending, puts the Fed in a bind. If it raises rates to the levels needed to really combat price inflation, the increase in interest payments will impose hardships on individuals and businesses, as well as raise federal interest payments to unsustainable levels. This will cause a major economic crisis including a government default on its debt causing a rejection of the dollar’s world reserve currency status. …
The crisis will lead to social unrest and violence, as well as increased popularity of authoritarian movements on both the left and the right. http://ronpaulinstitute.org/archives/featured-articles/2022/december/12/the-mother-of-all-economic-crises/
The above is basically correct, though it may not take until 2029 for the civil unrest, etc. and the loss of the US dollar as the world’s reserve currency to occur.
Steps for both are happening now.
For example, the Federal Reserve raised interest rates again yesterday–and signaled that it would raise them further, so that has the affect of increasing the debt of the USA, as it does not have anything in its treasury other than notes for more debt and not enough gold at Fort Knox to cover it.
Furthermore, the political divide in the USA is worsening.
Jesus warned:
25 … Every kingdom divided against itself is brought to desolation, and every city or house divided against itself will not stand. (Matthew 12:25)
24 If a kingdom is divided against itself, that kingdom cannot stand. 25 And if a house is divided against itself, that house cannot stand. (Mark 3:24-25)
17 … Every kingdom divided against itself is brought to desolation, and a house divided against a house falls. (Luke 11:17)
Notice that God had this inspired to be written three times in the Gospels.
God normally seems to repeat something in scripture for emphasis.
The division is a BIG DEAL.
The end of the USA is coming (cf. Daniel 11:39).
Politics aside, there are concerns that inflation and food shortages may cause civil unrest around the world:
“Worst Has Yet To Come”: Civil Unrest Set To Surge Worldwide As Socioeconomic Pressure Builds, Report Warns
September 2, 2022
Soaring food, energy, and shelter inflation have led to what could be a new era of civil unrest worldwide. Pockets of unrest have been observed in Sri Lanka, Peru, Kenya, Ecuador, Iran, and Europe. New research forecasts a broader wave of discontent is just ahead. …
Earlier this year, Rockefeller Foundation President Rajiv warned that a “massive, immediate food crisis” is nearing. The UN said this summer that the world is “marching towards starvation” with an increased likelihood of civil unrest and political violence.
False religious statements (related to the first horseman), unease and violence (related to the second horseman), food shortages and food price inflation (related to the third horseman) are happening.
Related to food price inflation, official US government statistics show vegetables cost 38.1% more than a year ago (see Inflation down, but vegetable prices up 38.1%?).
Yes, there are factors that look to be setting the stage for more unrest in many parts of the world.
There will be civil unrest in the USA.
I do not believe it will wait until 2035 when the ‘Social Security Trust Fund’ is expected to run deficits.
Interest rates have been moving up this year. And the higher the interest rates, the higher the US budget deficit as the US has to pay interest, currently, on just over $31 trillion in debt. Presuming interest rates get back to more historical levels, this will be part of a downward spiral that will essentially take the entire US economy down with it.
Notice the following end-time prophecy and consider how it would apply to the USA:
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 greedy. It has been issuing “pledges,” like Treasury bills and bonds, that it never intends to pay back.
The USA is also 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 and Canada have, on a per capita basis, extremely high debt as well.
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).
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 even Ron Paul thinks is possible.
Those who think the current world order with the USA’s dollar on top will last several decades are in error.
Neither Joe Biden nor a possible Republican party replacement will be able to change that.
Some items of possibly related interest may include:
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? 2031 or ? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
The Great Tribulation: What Happens First? What events have happened? What are some events that are now happening? And what events need to happen for the Great Tribulation to start? Here is a link to a related sermon video: Counting Down to the Great Tribulation. Here is a video in the Spanish language: Contando los eventos y el inicio de la Gran Tribulación.
When Will the Great Tribulation Begin? 2023, 2024, or 2025? 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 la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Notice also: Can Jesus return in 2023 or 2024? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; and Asia, Islands, Latin America, Africa, and Armageddon.
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details. A Kindle version is also available 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 your free Kindle reader app (or if you already have one or a Kindle), you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.
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