Charles Ponzi in 1920 (Wikipedia)
The USA continues to increase its official debt. So much so it exceeds it annual GDP.
Is that some type of a Ponzi scheme?
To discuss such matters from a biblical perspective, the Continuing Church of God (CCOG) put together the following Bible News Prophecy video on our Bible News Prophecy:
14:38USA’s Ponzi Debt Scheme
Is the United States involved in a Ponzi scheme? If so, would that scheme affect you and your family? Could a USA Ponzi scheme affect other countries? Let’s start with an understanding of the mechanics of a Ponzi scheme. A Ponzi scheme is named after the con artist and swindler named Charles Ponzi. The basics of the scheme are to offer a product or service to investors. This product or service was promoted as being very secure and risk-free while at the same time promising a very enticing rate of return on the investment. The con artist would then take the investment money of later “marks”, or investors, to partially pay a return on the investment of the earlier “marks”, or investors, while keeping a percentage for himself. As long as the con artist has new and more investors, the con artist can keep the swindle going. However, once the swindler runs out of new “marks” the con is up and he goes to jail. So, how does this resemble the USA in any way? Some say with its debts as well as the way it has handled its Social Security Administration. Consider that the U.S. Treasury Notes are pledges. A Treasury Note is an I.O.U. issued by the U.S. Treasury. Basically, people give the United States money, and the United States gives them an I.O.U. As long as people are willing to buy U.S. Treasury Bills the United States can continue to print them at virtually no cost. Currently the United States owes about 39 TRILLION dollars with plans to increases that debt. Up to this point the United States has used all this borrowed money to fund our social and welfare programs without ever having to worry about paying back the money they borrowed. They simply print more I.O.U.s without ever intending to pay back the borrowers. The Ponzi is to just keep paying the earlier buyers with some of the money from the later buyers and keep the rest of the money for themselves. This process is called “The National Debt”. But what if the buyers run out? What happens then? God has something to say about what happens then (cf. Habakkuk 2:6-8). Watch this video as Dr. Thiel shines the light of Word of God on the unpleasant truth of the perpetrators of the greatest Ponzi scheme ever as the United States of America is the most indebted nation of all time.
Here is a link to our video: USA’s Ponzi Debt Scheme.
Do not believe in Ponzi schemes.
The USA will ultimately not recover from its debt, despite many things appearing to be “normal.”
Some items of possibly related interest may include:
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
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? This is a free eBook.
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.
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.