US and UK Debt and 2013


The USA Debt Clock as of Apri 19, 2008
This Debt Clock is expected to show over 14,000,000,000,000 in 2010

COGwriter

The US and UK are headed for debt problems in 2013 according to some “experts”:

U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013
INVESTOR’S BUSINESS DAILY - May 5, 2010
Moody’s Investors Service has brought new transparency to its sovereign ratings analysis — so much so that 2018 lights up as the year the U.S. could be in line for a downgrade if Congressional Budget Office projections hold.The key data point in Moody’s view is the size of federal interest payments on the public debt as a percentage of tax revenue. For the U.S., debt service of 18%-20% of federal revenue is the outer limit of AAA-territory, Moody’s managing director Pierre Cailleteau confirmed in an e-mail.

Under the Obama budget, interest would top 18% of revenue in 2018 and 20% in 2020, CBO projects.

But under more adverse scenarios than the CBO considered, including higher interest rates, Moody’s projects that debt service could hit 22.4% of revenue by 2013.

“While we see limited risk of a U.S. sovereign debt downgrade in the next 2-3 years, beyond that we cannot be so certain,” wrote Societe Generale’s economics team in a recent report….http://www.investors.com/NewsAndAnalysis/Article.aspx?id=532490

How safe is the UK AAA credit rating?
Guardian, UK – May 7, 2010   excerpt…
Where does Moody’s stand?
Moody’s was seen as the least likely to act on the UK…Economists note that Moody’s is interested in the ratio of the government interest burden to tax receipts, forecast to rise from 5% to 7% this year, reaching 9% by 2013.  Economists note that when this ratio moves above 10% an economy is at risk of downgrade to AA territory.

But the situation is much worse than those news items portray.

If interest rates rise to only their 1981 levels, the US and UK will have to more than triple their interest payments, this in turn will lead to much higher debt.

And creditors will finally have no more of it.  Notice the following end time prophecy:

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…
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 2:3,6-8).

Debt is a biblical curse and that destruction of the main debtor appears to be an end time prophecy.  The USA is in more total debt than any nation in history and it plans to greatly increase that debt.   The UK seems to have more debt per person that any other country.  Without national repentance, the USA, the UK, and their Anglo-allies are doomed.

I should also point out that the debt clock does not include items such as foreign investment in the USA outside of items like treasury bills. The Europeans have over 5,000,000,000,000 invested in the USA that could become nearly worthless if the USA defaults on its other debt or if its economy succumbs to the debt.  That will not please them, nor the Chinese.

Some articles of 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.
Barack Obama, Prophecy, and the Destruction of the United States Some claim that Barack Obama is the prophesied “son of Kenya”, based up an early 20th century writing.
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?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon?



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