Ben Bernanke
COGwriter
The U.S. Federal Reserve Chairman shook up the financial markets some by getting a little closer to the truth:
World stocks, dollar fall on Bernanke economy view
By ALEX KENNEDY (AP) – July 22, 2010
SINGAPORE — World stock markets slid Thursday and the dollar fell, undermined by worries about the global recovery after Federal Reserve Chairman Ben Bernanke warned the U.S. economy faces uncertain prospects…
In currencies, the dollar slipped to 86.60 yen from 86.93 yen in New York late Wednesday. The euro rose to $1.2836 from $1.2763. http://www.google.com/hostednews/ap/article/ALeqM5h3kgMAkbLwyfxBdjzw8Pc4KZ7DhQD9H40IL80
And what is the truth about what will happen to the USA’s economy?
Without massive national repentance, the economy of the USA will collapse. The USA economy continues to be propped up by debt and its historical contributions to the international economy. But while the USA still produces some agricultural, manufactured, and mined/extracted goods, its appetite for more than it produces (covetousness) is not sustainable. Even US President Obama has said that the debt accumulation is unsustainable.
The Gulf Oil spill is just one more debt stimulating event (see also BP Gulf oil spill has significant prophetic ramifications). And other troubles are predicted in Bible prophecy (Mark 13:8).
The course of debt accumulation that the USA has undertaken is unprecedented. The USA is in more debt than any nation in the history of humankind.
The Bible clearly warns that an indebted people (and the UK has possibly the highest per capita debt in the world, with the USA the highest total debt) will be destroyed by people whose language that they do not understand, and that the destruction will be fairly total:
43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed…47 “Because you did not serve the LORD your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the LORD will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The LORD will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. 52 They shall besiege you at all your gates until your high and fortified walls, in which you trust, come down throughout all your land; and they shall besiege you at all your gates throughout all your land which the LORD your God has given you (Deuteronomy 28:42-45,47-52).
Habakkuk 2:3,6,7 mentions that that destruction will happen to those that increased their debt at the end time:
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. 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. And since the USA has the most debt of any nation of all time, it seems to be a leading (though not only) candidate to be included in it.
The Apostle Paul was clear that sudden destruction will happen 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 USA is not spiritually sober.
Isaiah 30:12-13 teaches:
12 Therefore thus says the Holy One of Israel:
“Because you despise this word, And trust in oppression and perversity, And rely on them, 13 Therefore this iniquity shall be to you Like a breach ready to fall, A bulge in a high wall, Whose breaking comes suddenly, in an instant.
Of course, more and more, the USA is trusting in policies that despise the word of God and encourage perversity. While there is oppression in in the USA (especially racial/ethnic), the Hebrew word translated as “oppression” can also be translated “unjust gain”. This can include not just the historical exploitation of of various peoples, but can probably also include the fact that the economy of the USA, for the past few decades, has been benefiting from the gains of foreigners loaning money to it.
Since the Roe vs. Wade pro-abortion decision, the USA has became the greatest debtor nation in the history of humankind. Since the USA owes alien nations trillions of dollars, it appears that the curse in Deuteronomy 28:44 of having to borrow from aliens is happening to it now. And as we are getting closer to the end, the related swift destruction that the prophecies mentioned in the Bible will happen.
And according to Daniel 11:39 and other prophecies, after this destruction, its lands will be divided for gain of the conqueror. Some believe that California, for example, will end up again as part of Mexico with Europe controlling many of the eastern US states (see Will the Anglo-Nations be Divided?). Scripturally, this cannot happen completely for at least 3 1/2 years, but that does not mean that the economy of the USA will not have ups and serious downs until that time.
So, the financial markets dropped a little because the Fed Chairman mentioned economic uncertainty. Yet, without massive national repentance, the Bible is clear that complete destruction of the economy, and even government, of the USA is certain.
Some prophetic 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? 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?
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.
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? Where is the nation of Israel in all of this?
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?
Can the Great Tribulation Begin in 2010, 2011, or 2012? Can the Great Tribulation begin today? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord?
