US Payrolls Fell

Handwriting on the Wall (Crespo)

The Los Angeles Times reported

The employment picture in the U.S. remained bleak last month as the nation’s payrolls fell for a second straight month, with private-sector businesses adding a disappointingly scant number of new jobs. The jobless rate held steady at 9.5% in July, the government said Friday. (http://www.latimes.com/business/la-fi-unemployment-report-20100807,0,5736309.story)

Essentially, this means that the economic stimulus plans of the late Bush and then Obama administrations have not produced jobs as hoped.

This suggests that the USA will continue to accumulate more debt at a rapid pace.

Because of the high unemployment rate, combined with debt accumulation, an odd phenomena seems to be happening. A deflationary economy being propped up by a potentially devastating inflation of the money supply.

Consumers are afraid to spend as much, and this is deflationary. Governments, the US federal as well as the State of California ones two cite two examples, are spending money that they do not have. This spending increases debt. And because the economy has been moving a bit slow, this is allowing for an increase in the money supply, without much increase in the rate of inflation (and there has been deflation in some segments, such as parts of the housing market).

The US Government, as well as the State of California, are increasing debt (pledges to pay) and increasing the amount of dollars in circulation without a corresponding increase in productive output.

This will be disastrous.

Yet, it was predicted in the Bible, over 2600 years ago. The Bible mentions that this destruction will happen to those that increased their debt at 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 (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 it 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.

This problem will cause sudden destruction among those who are spiritually drunk:

3 For when they say, “Peace and safety!” then sudden destruction comes upon them, as labor pains upon a pregnant woman. And they shall not escape. 4 But you, brethren, are not in darkness, so that this Day should overtake you as a thief. 5 You are all sons of light and sons of the day. We are not of the night nor of darkness. 6 Therefore let us not sleep, as others do, but let us watch and be sober. 7 For those who sleep, sleep at night, and those who get drunk are drunk at night. (1 Thessalonians 5:3-7)

Notice that both Paul and Habakkuk seem to have tied drunkenness in with this sudden calamity (so did Jesus in Luke 21:34-35). Truly the Anglo-nations are not spiritually sober.

Evangelist Dr. D. Winnail wrote about this suddenness:

Handwriting on the Wall! On July 4, the United States, currently the most powerful nation in the world, celebrated 234 years of independence. The following day, on Monday, July 5, British-born Harvard professor and economic historian Niall Ferguson opened the 2010 Aspen Ideas Festival with a stark warning that the American “empire” could suddenly collapse—possibly within the next two years—due to the country’s rising debt! (Winnail W. LCG World Ahead Weekly Update, July 8, 2010)

Do you see the handwriting on the wall?

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?
Prophecies of Barack Obama? Eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. This article 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 on this page on Barack Obama prophecies. Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.
Can the Great Tribulation Begin in 2010, 2011, or 2012? Can the Great Tribulation begin today? What happens before in the “beginning of sorrows”? What happens in the Gerat Tribulation and the Day of the Lord? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord?
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? When does the six thousand years of human rule end?