Student debt ‘perfect storm’?
“I will break the pride of your power” (Leviticus 26:19)
The federal government of the USA is facing yet another type of debt crisis again:
June 28, 2013
The student loan debt perfect storm
With Congress and the Obama administration focused on Monday’s deadline to prevent student loan interest rates from doubling, it is an apt time to examine the larger consequences of America’s staggering student loan debt load. Even as mortgage, credit card and other consumer debt levels have decreased, today’s students carry unprecedented — and growing — debt burdens. With outstanding student loan debt in the first quarter of 2013 totaling a record $986 billion, the impact on individuals is disturbing…today’s students are in a much more difficult financial position than any previous generation. Families are facing stagnant pay; public funding for student support has declined; and the real costs associated with higher education continue to rise. Combined with a still challenging post-graduation job market, the situation is truly a perfect storm, and one we cannot continue to ignore.
So, another debt crisis. Of course, there are others at the State and local levels as well.
The Bible, in the Book of Habakkuk teaches the following about debt in general and end time debt in particular:
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).
Actually, with an admitted $16+ trillion dollar debt and plans to increase that much further, the USA has increased pledges more than any nation in the history of the planet. And on a per capita basis, the United Kingdom is one of the most indebted nations on the earth itself. And in the USA, if you add the approximately USD$1 trillion in student loan debt, the trillions that the US Federal Reserve has “created” via “quantitative easing,” entitlement commitments, and the likely impact of the so-called Affordable Care Act (aka Obamacare), the USA has more debt than most realize.
Since the above prophecy in Habakkuk 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. As far as “violence of the land” as a contributing factor, this would seem to include crime, military missions, and perhaps riots/civil unrest, but might it also include promotion of violent sports?
Do you believe the words that God inspired Habakkuk to write? If so, do you really understand what is going to happen to the USA, UK, and their Anglo-descended allies relatively soon?
As far as the ‘perfect storm’ goes, once the USA has been weakened by 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–this may very well be when creditors will rise up. They will finally likely realize that since the USA was increasing debt when times were relatively stable for it, that the USA, etc. will not be able to pay its debt back once it has major physical disasters to deal with. Disasters, especially if there is an ElectroMagnetic Pulse (emp) attack or a severe solar flare storm, could very will be part of a so-called “perfect storm” of events that could set the USA for destruction. The end-time European power will take advantage of circumstances, trust, and timing (cf. Daniel 8:23-25). The Bible shows that a coming European power will beat the nation with the “strongest fortresses” (Daniel 11:39). This does not bode well for the debt-laden USA or its Anglo-allies.
Those who believe that the Republicans or the Democrats will actually stop the debt from rising to the point that the USA will be defeated are in error.
The budget politics in Washington, D.C., even if they paper-over or somehow resolve the student debt matter, do not bode well for the USA.
To learn more, please check out the following:
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, 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? 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?
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Is American Football Evil? Is the most popular spectator sport in the USA something that Christians should watch? What do the Bible and early writings show? There is also a YouTube video available titled Should Christians watch American football?
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.
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