Newsletters warning about US debt
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Notice something from Nick Giambruno:
May 8, 2025
All of this points to something big on the horizon, driven by two key catalysts.
We’re entering a pivotal moment—one where the economic, monetary, and geopolitical landscape is shifting. These changes aren’t random or isolated; they are the result of deep structural pressures that have been building for decades.
While the signs have been there for some time, recent developments make it clear that the system can no longer hold as-is. A reset is not only possible—it’s likely. And two key forces are pushing us there faster than most realize.
The first is the long-ignored, but now unavoidable, debt crisis.
The second is the Trump administration’s strong belief that an overvalued dollar has hollowed out the US economy, weakening exports, offshoring jobs, and undermining American industry.
Let’s break down these two powerful catalysts driving the next great monetary reset—starting with the one that has silently eroded America’s financial foundation for decades: the debt.
Doug Casey stated:
Doug Casey on the Debt Spiral, Treasury Market Stress, and a New Financial Order
May 7, 2025
I wouldn’t own bonds at this point. They’re at least a triple threat to your money.
The first risk is interest rates. I think, for a number of reasons, interest rates are headed back up to the levels of the early 1980s, when the US government was paying almost 20% for its money. They trended down to near zero over 40 years, and the long-term trend has reversed.
Second is the rate of inflation. The government will continue running giant deficits, regardless of DOGE’s best efforts. Those deficits will necessarily be monetized. Monetary inflation is headed up, and the dollar is headed down.
Third is the default risk. There’s no guarantee that all that debt out there, even from the US government, will be paid off. In fact, I’m confident it won’t be. It can’t be, unless the dollar is destroyed—which is the worst alternative. …
You shouldn’t have confidence in the US government or its debt at this point, notwithstanding the best efforts of DOGE—which are wonderful, but I believe will fail catastrophically.
Can a president influence interest rates? Not really. If Trump wants lower rates, the US government has to radically cut its spending, its size, its currency debasement, and its taxes. None of that is going to happen, however, so there’s no reason to have confidence in the dollar. …
Treasuries are already losing their foundational role in the international monetary system. Why? Because dollars, not Boeings or soybeans, have been the major US export for the last 40 years.
There’s a huge overhang of many trillions in the hands of foreigners who, unlike US citizens, don’t have to hold US dollars or US bonds. And at some point—when confidence collapses, and there are lots of reasons it will—they’ll start unloading those Treasuries. Those dollars will come home to roost, taking prices to unbelievable levels and transferring physical assets in the US into the hands of foreigners and out of the hands of Americans.
What would the investment implications be of such a shift?
Well, it’s regrettable, but almost inevitable that it will happen. The investment implications are catastrophic for Americans and anybody who owns US dollars or US debt.
I therefore continue to own gold and Bitcoin. As far as other investments are concerned, almost everything today is a speculation. You can forget about the word “investment.”
As the debt spiral accelerates and confidence in fiat erodes, Doug believes gold is not just a safe haven—but a necessary lifeboat.
Yes, what the USA is doing is unsustainable and worse than most believe.
But at least some are wondering.
And while I do not have confidence in the longevity of Bitcoin, for a time gold will retain value AFTER the US dollar is worthless.
Of course, others like Bitcoin as much or more. Related to that the Continuing Church of God put out this sermonette from its ContinuingCOG channel:
Bitcoin … as good as gold?
“Bringing you news and analysis of world events in light of Bible prophecy.” This is the mandate of the Continuing Church of God. The world events Dr. Thiel will focus on today will be the recent record rise in the value of Bitcoin to over $100,000.00 The are several questions that will be addressed. Among them are: Will Bitcoin replace gold? Is Bitcoin as valuable as gold? Will nations just accumulate Bitcoin, will they just accumulate gold, or will they accumulate both? Will governments embrace Bitcoin? What about the US dollar? Will it be replaced by Bitcoin? Is it possible that the US Dollar will still be the world’s reserve currency well into the Great Tribulation? How about Bitcoin? Is something similar to Bitcoin prophesied in the Bible? Dr. Thiel addresses these world news items in light of Bible prophecy. He uses scriptures that address the status of the US Dollar’s value during the Great Tribulation as well as the use of a Bitcoin, like crypto currency, by the Beast of Revelation 13. Is it possible that both gold and Bitcoin will be useless as a hope for salvation? Dr. Thiel gives the prophetic answer to that question at the end of this video.
Here is a link to our video: Bitcoin … as good as gold?
The USA is the most indebted nation in the history of humanity. Rising interest rates increase the debt and look to one day result in a debt spiral that will be a factor in the elimination of the USA!
This increasing of debt cannot go on forever.
Even when he was President of the United States, Barack Obama said the levels of debt his Administration oversaw was “unsustainable,” yet the debt keeps going up.
Notice the following levels of official US debt:
- January 20, 2009, $10,626,877,048,913.08, date Obama-Biden Administration inaugurated.
- January 19, 2017, $19,944,429,217,106.77, date Obama-Biden leave office, replaced the next day by Trump-Pence.
- January 19, 2021, $27,752,835,868,445.35, the date Trump-Pence leave office, replaced the next day by Biden-Harris.
- January 17, 2025, $36,206,593,315,575.15, the last business date for the Biden-Harris Administration (see also https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny)
And it has gone up billions more since January 17, 2025–the last business day before Donald Trump assumed office again.
Official US debt nearly doubled under the Obama-Biden Administration. It also greatly increased by about the same amount in only four years under the Trump-Pence Administration. Debt went up over $8 trillion during the Biden-Harris Administration and is expected to increase greatly.
The Bible warns about debt and disobedience:
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 28:43-45,47-52).
7 The rich rules over the poor, And the borrower is servant to the lender. (Proverbs 22:7)
13 And the Lord said, “Because they have forsaken My law which I set before them, and have not obeyed My voice, nor walked according to it, 14 but they have walked according to the dictates of their own hearts…16 I will scatter them also among the Gentiles, whom neither they nor their fathers have known. And I will send a sword after them until I have consumed them.” (Jeremiah 9:13,14a,16)
12 One-third of you shall die of the pestilence, and be consumed with famine in your midst; and one-third shall fall by the sword all around you; and I will scatter another third to all the winds, and I will draw out a sword after them. (Ezekiel 5:12)
Now, you may wish to read and re-read something that the prophet Habakkuk was inspired to write over 2600 years ago:
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).
9 “Woe to him who covets evil gain for his house, That he may set his nest on high, That he may be delivered from the power of disaster! 10 You give shameful counsel to your house, Cutting off many peoples, And sin against your soul. 11 For the stone will cry out from the wall, And the beam from the timbers will answer it. (Habakkuk 2:9-11)
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 the same 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.
And that is not a new idea. The Dead Sea Scrolls discovered last century were helpful in various ways, and included something related to Habakkuk.
Dead Sea Scrolls’ Commentary on Habakkuk
The Dead Sea scrolls have the following in a Commentary on Habakkuk from roughly 2000 years ago. The following was translated in the 1950s by F.F. Bruce:
God commanded Habakkuk to write the things that were coming upon the last generation, but the fulfilment of the epoch he did not make known to him. (1Q p Hab. vii 1-5)
While ancient commentaries like this are NOT scripture, this particular one shows that those who understood the Hebrew language, around 2000 years ago, believed that Habakkuk’s words had NOT been fulfilled then and were for the time of the end.
As far as to who these passages in Habakkuk are directed to in the end, it makes little sense that these verses in Habakkuk 2 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? Is the USA government not giving shameful counsel regarding matters such as homosexuality and abortion?
Since the USA is the most indebted nation of all time, and since the tiny nation of Israel does not have enemy creditors, it is logical that the prophecy in Habakkuk is directed towards the USA.
And the timing?
Well, years before I saw the Dead Sea document, I concluded that because Habakkuk 2 states it is for the appointed time of the end, that it pertained to our current generation.
After Jesus warned about the beginning of sorrows (Matthew 24:4-8), other problems (Matthew 24:9-13), the great tribulation (Matthew 24:21-22), His return (Matthew 24:29-31), etc. He stated:
32 “Now learn this parable from the fig tree: When its branch has already become tender and puts forth leaves, you know that summer is near. 33 So you also, when you see all these things, know that it is near — at the doors! 34 Assuredly, I say to you, this generation will by no means pass away till all these things take place. (Matthew 24:32-35)
The sorrows have begun, we are in that GENERATION.
In light of that, consider that the Book of Proverbs teaches:
12 There is a generation that is pure in its own eyes,
Yet is not washed from its filthiness.
13 There is a generation — oh, how lofty are their eyes!
And their eyelids are lifted up.
14 There is a generation whose teeth are like swords,
And whose fangs are like knives,
To devour the poor from off the earth,
And the needy from among men.15 The leech has two daughters —
Give and Give!There are three things that are never satisfied,
Four never say, “Enough!”: (Proverbs 30:12-15)
It appears that for many USA politicians the debt is never enough.
This will not end well for the USA.
Related to USA debt, we put together the following video:
And the Debt Goes On …
On June 3, 2023, US President Joe Biden signed a bill to increase the official debt-ceiling of the United States. According to the US Treasury the “ceiling” has been changed, increased, or delayed 78 other times. The official debt has nearly tripled since the Obama-Biden Administration. The official debt increased about $2 trillion per year under Donald Trump’s Administration and has done close to that in the Joe Biden Administration. While the USA has been able to increase debt with limited consequences (like inflation) so far, does the Bible show this can end in destruction? What did God warn about debt through the prophet Habakkuk? Is getting into high amounts of debt a blessing or curse according to the Bible? Do Democrats or Republicans currently have a plan that will now be implemented to pay off the debt? Has the USA been functioning as an international “leech” consistent with statements in the Book of Proverbs? Does the Bible say it is wicked to borrow money you do really intend to repay? Steve Dupuie and Dr. Thiel cover these matters.
Here is a link to our video: And the Debt Goes On …
While some have claimed that Habakkuk 2 is really only a prophecy for the Babylonian Beast (or ancient Chaldea), that is in error for several reasons. The fact that the prophecy will tarry (seems like it takes a long time to fulfill) shows that this cannot be a prophecy for “the end time Babylonian Beast” as some have asserted because the end time Beast will not be accumulating debt for many years before it is taken over, whereas the USA has been doing so for decades–the Babylonian Beast will not have power for but a fraction of that time.
The Bible shows that the Babylonian Beast power will be taken over by Russia and nations all around the world and it will not be because of monetary reasons:
50:41 “Behold, a people shall come from the north,
And a great nation and many kings
Shall be raised up from the ends of the earth.
42 They shall hold the bow and the lance;
They are cruel and shall not show mercy.
Their voice shall roar like the sea;
They shall ride on horses,
Set in array, like a man for the battle,
Against you, O daughter of Babylon.43 “The king of Babylon has heard the report about them,
And his hands grow feeble;
Anguish has taken hold of him,
Pangs as of a woman in childbirth…”(Jeremiah 50:41-43).1 The burden against Babylon which Isaiah the son of Amoz saw…
17 “Behold, I will stir up the Medes against them,
Who will not regard silver;
And as for gold, they will not delight in it.
18 Also their bows will dash the young men to pieces,
And they will have no pity on the fruit of the womb;
Their eye will not spare children.
19 And Babylon, the glory of kingdoms,
The beauty of the Chaldeans’ pride,
Will be as when God overthrew Sodom and Gomorrah. (Isaiah 13:1, 17-19)11 Make the arrows bright!
Gather the shields!
The Lord has raised up the spirit of the kings of the Medes.
For His plan is against Babylon to destroy it,
Because it is the vengeance of the Lord,
The vengeance for His temple. (Jeremiah 51:11)
Thus, end time daughter of Babylon will not be taken over because of debt from creditors as the attack will not be related to wanting money!
But, debt will be a factor in taking over the USA per Habakkuk 2 and Deuteronomy 28!
Perhaps it should be pointed out that the old Radio Church of God did teach that Habakkuk 1 had future fulfillment and tied it in with Isaiah 10 (Hoeh H. The Race Question. Plain Truth, July 1957 p. 22)–which WCG tied in with the coming destruction of the USA.
Furthermore, the old Worldwide Church of God did clearly teach that Habakkuk 2 had future application:
Habakkuk … God also said that this vision was to be written for our benefit today. … (Habakkuk 2:3). God showed Habakkuk that He will punish all the unrighteous at the end-time. … (Habukkuk 2:8, 10, 16-17) (Armstrong HW, editor in chief. THE MINOR PROPHETS SPEAK TO US! Youth Bible Lessons, Level 7, Lesson 9, 1986, p. 4)
So, yes, the old WCG understood that Habakkuk 2 was prophetic for the end time–not that it was fully fulfilled thousands of years ago (which many in certain COGs wrongly believe).
On the other hand, some will discount Habakkuk because it is prophetic.
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?
There is also a YouTube video related to this: Was USA debt and destruction predicted 2,600 years ago?
The days of the USA are numbered and are almost up.
The rising USA debt cannot continue indefinitely–there is a major price to pay.
Some items of possibly related interest may include:
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.
There is a Place of Safety for the Philadelphians. Why it May Be Near Petra This article discusses a biblical ‘place of safety,’ Zephaniah 2 to ‘gather together,’ and includes quotes from the Bible and Herbert W. Armstrong on fleeing to a place–thus, there is a biblically supported alternative to the rapture theory. Two sermon-length videos of related interest are available Physical Protection During the Great Tribulation and Might Petra be the Place of Safety? Here are two related items in the Spanish language: Hay un lugar de seguridad para los Filadelfinos. ¿Puede ser Petra? and Existe un Lugar de Seguridad.
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? Do you really know what will happen to Europe and the English-speaking peoples? What about the peoples of Africa, Asia, South America, and the islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Is Donald Trump going to save the USA or are there going to be many disastrous unintended consequences of his statements and policies? What will happen. The link takes you to a book available at Amazon.com.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Kindle edition is available for only US$3.99. 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 Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies?
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