Ten things economists reportedly won’t tell you

The following report about what economists was of interest:

10 things economists won’t tell you

MarketWatch, Dow Jones & Co. – June 8, 2013 excerpts…

1. “We can’t predict the next crisis…”

As political gridlock in Washington threatens to stall a U.S. economic recovery, investors are once again turning to economists for guidance on what the future holds. But a Ouija board may serve them just as well. From Federal Reserve chairman Ben Bernanke on down, most economists failed to predict the 2008 financial crash.

2. “…but we may help cause it.”

While rosy forecasts can leave investors unprepared for disaster, experts say pessimism from economists can contribute to a crash.

3. “We’re not above a little guesswork.”

4. “Those bold predictions? Blame the testosterone.”

5. “Our measures of prosperity don’t work.”

Economists rely on many measures to gauge the health of countries, but many may not be the accurate yardsticks they’re believed to be…

6. “Ours is a dismal science, but not an exact one.”

7. “We lean to the left.”

As of 2008, nearly half of members of the American Economic Association said they were registered Democrats, while only 17% said they were Republicans…

8. “We might have an agenda.”

“Most economists are paid by financial institutions that have an agenda to keep you invested long-term,” says Schmansky, the financial adviser.

9. “We may as well be speaking Klingon.”

10. “We sell you what you already know.” http://www.marketwatch.com/story/10-things-economists-wont-tell-you-2013-06-08?link=MW_popular

I will simply add an eleventh, economists do not realize how dangerous some of their policies are and what the Bible shows will happen to the USA:

25 He shall destroy many in their prosperity. (Daniel 8:25)

39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain. (Daniel 11:39)

Irrespective of their political leanings, economists rarely rely much on the Bible and seem to not understand how dangerous certain aspects of the US debt and certain other economic policies are.

Biblically, the debt problems are more serious than most people realize. Notice what the Bible warns about those who increase debt in the end times:

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. Because of men’s blood And the violence of the land and the city, And of all who dwell in it. (Habakkuk 2:3,5,6-8).

The USA is in more debt than any country in the history of humanity–and it probably has more economists than any other country. Despite biblical warnings, the USA continues to increase its debt and engage in political posturing. At some point in time, the USA will likely start to experience massive inflation and currency devaluation. And afterwards, its creditors will rise up (Habakkuk 2:7). The realities of USA debt as well as policies of the Federal Reserve like “quantitative easing” are setting the stage for the absolute end of economic dominance by the U.S.A.–have no doubt about it (although there could be some major positive economic events before that happens).

While the Republicans and Democrats have often used this as a major partisan fight and sometimes treat this like a political game, the reality is that the rest of the world is also watching and is very disturbed by all of this (see earlier post IMF: Suspending debt ceiling hurts United States tremendously). The Europeans and others are realizing that the USA is losing its position of world leadership–and when it does, this will be the final “time of the Gentiles” that the Bible warns of (Ezekiel 30:2-3; Luke 21:23-24; Revelation 11:2). The leaders in the USA are causing the nation to err (cf. Isaiah 3:12; 9:16).

The policies and decisions in Washington, D.C. are helping to create the conditions for the upcoming European Beast power to fill the void in economic (and even military) leadership that the USA is in the process of making.

Change is coming, and in several years, those in the USA (as well as their Anglo-allies) will not like the change that is coming.

The USA needs national repentance or it, despite its military strength, is doomed (cf. Daniel 11:39; Habakkuk 2:5-8). However, individually, you can repent (Acts 2:38-39) and you can be protected (Luke 21:36).

Some articles of possibly related interest may include:

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? 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 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?
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
Overcoming Sin What is sin? How are Christians suppose to overcome it? Here is also a link to a video titled How to Overcome Sin.
Just What Do You Mean Conversion? Many think that they are converted Christians. But are they? Would you like to know more about conversion. Herbert W. Armstrong wrote this as a booklet on this important subject.
False Conversion Have you really been converted? Herbert W. Armstrong wrote this article on this important subject.
All About Water Baptism What is baptism? Would you like to know more about it. Herbert W. Armstrong wrote this as a booklet on this important subject. As far as early history, see also Baptism and the Early Church.
God’s Grace is For All Is being Jewish a hinderance to salvation? What about not being a descendant of Israel? What does the Bible really teach?
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermon The Gospel of the Kingdom.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe?
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?
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.