S&P Downgrades USA Government Credit Outlook, Gold Hits All-Time Record

The 220 kg Gold brick displayed in Taiwan

The price of gold hit an all-time record today, while silver hit a 31 year high:

Gold hits record near $1,500 after S&P cut

Reuters – April 18, 2011

Gold prices rallied toward record highs near $1,500 an ounce on Monday after Standard & Poor’s downgraded its credit outlook for the United States and as investors worried about debt in the euro zone and inflation in China.S&P said it might cut its long-term rating on the United States within two years, prompting investors to buy gold as a hedge against economic uncertainty. http://www.reuters.com/article/2011/04/18/us-markets-precious-idUSTRE73786N20110418

US warned on top credit rating by Standard & Poor’s

BBC – April 18, 2011…

S&P is concerned that Democrats and Republicans will not be able to agree a plan to reduce the growing US deficit.

It has downgraded its outlook from stable to negative, increasing the likelihood that the rating could be cut within the next two years…http://www.bbc.co.uk/news/business-13118834

Why report that here?

Because continued the reduced credit worthiness of the USA and the increase in the value of gold supports Bible prophecy.

In terms of credit-worthiness, notice what God inspired the Prophet Habakkuk to write thousands of years ago:

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…5 Indeed, because he transgresses by wine, He is a proud man… 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 (Habakkuk 2:3,5,6-8).

The above prophecy will be fulfilled at the time of the end (cf. “The message was true, but the appointed time was long…in the latter days, for the vision refers to many days yet to come”, Daniel 10:1,14). Daniel 8:19, 11:27,29,35 use same the Hebrew term for “appointed time” as Habakkuk 2:3, while Daniel 10, using a different term, ties the latter days to the time in Daniel 8:19. Habakkuk 2 was not fulfilled in its entirety anciently. Also, it makes little sense that Habakkuk would be directed towards the modern nation of Israel as it does not have enemy creditors. It must be a nation or group of nations with some prominence at the appointed time of the end. The USA is the most indebted nation in the history of humanity.

The Bible also indicates that gold and silver will have value into the Great Tribulation (Daniel 11:43; Revelation 18). (but hints that the US dollar will not, cf. Habakkuk 2; Daniel 11:39). Notice some verses related to precious metals:

40… the king of the North…43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt (Daniel 11:40-43).

If gold and silver were of no value then, they would not be precious at the time of the end (see also Zechariah 14:13-14) to the King of the North. Gold is also shown in scripture to be of value into the time of the final Babylon (Revelation 18:11-16). Yet, the Bible is clear that those who amass gold at the end time will find it is not the answer (James 5:1-5; Revelation 18:9-17)–Jesus is.

The idea of gold could be accumulated by an end time leader to support a European-backed currency while the US dollar tanks is discussed on page 333 of my book 2012 and the Rise of the Secret Sect. And this appears to be what will happen, as well is what is starting to happen now.

The financial world is somewhat starting to understand some of this–but few really know how bad it will get. The biblical reality is that US dollar will ultimately be worthless and the USA ultimately taken over because of its sins and debt. Increases in the price of gold and silver suggest a decreased value in the US dollar.

For additional information, check out the following articles:

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?
Are You Saved? Do You Love Jesus? What is a True Christian? What is the Gospel? Evangelist Richard Ames answers those important questions.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies 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?
Catholic Prophecies: Do They Mirror, Highlight, or Contradict Biblical Prophecies? People of all faiths may be surprised to see what various Roman and Orthodox Catholic prophets have been predicting as many of their predictions will be looked to in the 21st century.
Can the Great Tribulation Begin in 2010, 2011, or 2012? 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? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord?
Prophecies of Barack Obama? This article has eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. It includes many biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests? This is the longest and most complete article at the COGwriter website on Barack Obama prophecies. Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-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 the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? 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?
2012 and the Rise of the Secret Sect This is a link related to a book by Bob Thiel (COGwriter). This also has YouTube videos. This book documents and explains hundreds of prophecies. And since it was published, many have already started to come to pass.
2012 y el surgimiento de la secta secreta 2012 libro del Dr. Thiel en Español.
2012 und das Auftreten der geheimen Sekte (German Edition) 2012 Buch von Dr. Thiel in deutscher Sprache.
2012 e o Surgimento da Seita Secreta (Portuguese Edition) 2012 livro do Dr. Thiel em Português. Este livro documenta e explica centenas de profecias. E desde que foi publicado pela primeira vez, pelo menos 14 já começaram a acontecer.