{"id":101460,"date":"2026-06-03T07:30:03","date_gmt":"2026-06-03T14:30:03","guid":{"rendered":"https:\/\/www.cogwriter.com\/news\/?p=101460"},"modified":"2026-06-03T08:23:38","modified_gmt":"2026-06-03T15:23:38","slug":"americas-28-trillion-problem-cogwriter-wonders-about-the-69-trillion-of-foreign-ownership","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/americas-28-trillion-problem-cogwriter-wonders-about-the-69-trillion-of-foreign-ownership\/","title":{"rendered":"Doom loop? America’s $28 trillion problem? COGwriter wonders about the $69 trillion of foreign ownership"},"content":{"rendered":"

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\n(Above generated for COGwriter by ChatGPT)<\/em><\/p>\n

COGwriter<\/a><\/p>\n

The US debt is being considered as a ‘doom Loop’:<\/p>\n

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New Fed Chair Kevin Warsh faces ‘doom loop’ of debt and inflation. What’s going on in the bond market?<\/h2>\n

June 3, 2026<\/p>\n

President Donald Trump\u2019s hand-picked nominee for Federal Reserve Chair, Kevin Warsh, took over from Jerome Powell on Friday, May 22 \u2014 and he\u2019s landed in the hot seat. The Wall Street Journal calls the situation \u2014 replete with an ongoing war, tariffs and other inflationary pressures \u2014 \u201ca dangerous brew.\u201d (1)<\/p>\n

Like Trump, Warsh wants to lower interest rates. Like Powell, his hands may be tied. …<\/p>\n

When the government needs to borrow, which it does all the time, it sells Treasury bonds. Investors \u2014 including financial institutions like banks \u2014 buy those bonds and get a guaranteed return of interest payments over a set period of time. …<\/p>\n

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Meanwhile, the U.S. government is spending over $970 billion a year in interest alone to service its debt, according to the Peter G. Peterson Foundation (5). As that debt matures and gets refinanced at today\u2019s higher rates, that figure will only grow.<\/p>\n<\/div>\n

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And that leads to what\u2019s known as the doom loop. Higher Treasury bond yields result in higher interest on debt, which widens the deficit, forcing the government to issue more bonds to cover the shortfall. That pushes yields higher again and raises interest costs even more. A truly vicious cycle.<\/p>\n

The Congressional Budget Office projects (6) that federal debt held by the public will climb from 101% of GDP to 120% of GDP by 2036, when interest payments will hit $3.1 trillion annually https:\/\/finance.yahoo.com\/economy\/policy\/articles\/fed-chair-kevin-warsh-faces-105500303.html<\/a><\/p>\n<\/div>\n<\/blockquote>\n

When borrowing increases, interest rates tend to do so as well. The US is entering a ‘doom loop’ of its own making.<\/p>\n

Furthermore, some are becoming concerned that foreigners own more American assets than US Americans own of foreign assets:<\/p>\n

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America’s $28 trillion problem: The Fed just said foreign investors now own way more of the US than it owns of them<\/h2>\n

June 2, 2026<\/p>\n

\u00a0\u201cEasy money\u201d is getting harder to come by.<\/div>\n
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That\u2019s a major implication in the Federal Reserve Bank of New York\u2019s latest research showing a $28 trillion gap between what the U.S. owns in overseas assets versus what foreign investors hold. Currently, the U.S. has $41 trillion in foreign assets, but overseas investors have a much larger $69 trillion in U.S. assets (1). …<\/p>\n

For perspective, the Fed wrote that this $28 trillion deficit represents 90% of the nation\u2019s current GDP, which stands at $31.82 trillion per the Joint Economic Committee\u2019s May 28 release (2).\u200b …<\/p>\n

There are multi-layered reasons why the U.S. landed in this mess, but the Fed specifically pointed to two.<\/p>\n

First: The sharp rise in interest rates after the COVID-19 pandemic.<\/p>\n

As the Fed aggressively raised rates to fight inflation, the cost of paying income to foreign investors rose alongside them. That\u2019s a big deal because foreign investors own such enormous amounts of U.S. debt and interest-paying assets, like Treasury bonds and corporate securities.<\/p>\n

When rates were near zero, those payments stayed relatively manageable. Higher rates changed the math very quickly.<\/p>\n

As the Fed authors wrote, \u201cThe U.S. position in interest-bearing assets \u2026 has generated large income deficits since prior to the 2008 financial crisis.\u201d For instance, the interest balance took out $450 billion from the income surplus in 2025 alone.<\/p>\n

The second reason the Fed mentioned was the \u201ccontinued net sales of U.S. assets to foreign investors.\u201d<\/p>\n

On this point, the Fed noted a few factors, including the wide trade deficit as the U.S. brings in far more than it sends out. That imbalance between imports and exports alone amounts to $5.5 trillion in \u201cdeterioration.\u201d https:\/\/www.aol.com\/finance\/americas-28-trillion-problem-fed-144500660.html<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n

Owing more than being owed is a curse according to scripture:<\/p>\n

12 You shall lend to many nations, but you shall not borrow. 13 And the Lord will make you the head and not the tail; you shall be above only, and not be beneath, if you heed the commandments of the Lord your God, which I command you today, and are careful to observe them. (Deuteronomy 28:12-13)<\/p>\n

15 “But it shall come to pass, if you do not obey the voice of the Lord your God, to observe carefully all His commandments and His statutes which I command you today, that all these curses will come upon you and overtake you: (Deuteronomy 28:15)<\/p>\n

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.<\/strong><\/p>\n

45 “Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed, because you did not obey the voice of the Lord your God, to keep His commandments and His statutes which He commanded you.<\/strong> (Deuteronomy 28:43-45)<\/p><\/blockquote>\n

Consider also the following:<\/p>\n

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After World War II until 1970, the United States was a creditor nation lending money to other countries. As a\u00a0creditor nation<\/strong>,\u00a0other countries owed more money to the United States than the United States owed to foreign countries<\/em>.<\/p>\n

After 1970, the United States became a net debtor nation. As a\u00a0debtor nation<\/strong>,\u00a0the United States owes more money to foreign countries than the foreign countries owe the United States<\/em>. The United States is now the largest debtor among all nations. (Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip Anthony O’Hara. Economics: An Introduction to Traditional and Progressive Views, 7th edition. M.E. Sharpe, 2008, p. 175)<\/p>\n<\/blockquote>\n

While the USA went from being a net creditor to debtor nation around 1970, the amounts owed were fairly inconsequential at first.<\/p>\n

Plus, not only is there the $28 trillion problem, the actual problem is probably in great excess to the total of $69 trillion, as there are likely a lot of assets owned by foreigners that are unclear to places like the Federal Reserve.<\/p>\n

Furthermore, the more that the USA runs trade and budget deficits, the more, directly or indirectly, foreigners will tend to own.<\/p>\n

The massive debt of the USA was prophesied over 2400 years ago.<\/p>\n

And the time will come, according to Bible prophecy, when the nations of the world will no longer accept the pledges (US Treasury Bills and Notes) of the indebted one:<\/p>\n

2 Then the Lord answered me and said:<\/p>\n

\u201cWrite the vision
\nAnd make it plain on tablets,
\nThat he may run who reads it.
\n3 For the vision is yet for an appointed time;
\nBut at the end it will speak, and it will not lie.
\nThough it tarries, wait for it;
\nBecause it will surely come,
\nIt will not tarry. (Habakkuk 2:2-3)<\/p>\n

6 \u201cWill not all these take up a proverb against him,
\nAnd a taunting riddle against him, and say,
\n\u2018Woe to him who increases
\nWhat is not his \u2014 how long?
\nAnd to him who loads himself with many pledges\u2019?
\n7 Will not your creditors rise up suddenly?
\nWill they not awaken who oppress you?
\nAnd you will become their booty.
\n8 Because you have plundered many nations,
\nAll the remnant of the people shall plunder you,
\nBecause of men\u2019s blood
\nAnd the violence of the land and the city,
\nAnd of all who dwell in it. (Habakkuk 2:6-8).<\/p><\/blockquote>\n

Please pay attention to the fact that that above is a prophecy for the appointed time of the end\u2013essentially the time of the Great Tribulation (Matthew 24:21). The USA has been accumulating pledges in the form of US Treasury bonds and notes, and is the most indebted nation of all time. It is descendants of Israel, like the USA, that are prophesied to have debt issues with foreigners if they turn from God’s laws (cf. Deuteronomy 28:43-44)–that is consistent with Habakkuk 2:6-8. The above prophecy is NOT a reference to the nation calling itself Israel as it has nothing compared to USA debt.<\/p>\n

Notice that the prophecy in Habakkuk says what will happen is so bad, that people should run who read it. That is, they should seriously consider what this means and take the appropriate steps.<\/p>\n

Foreign creditors will rise up.<\/p>\n

In 2026, the Continuing<\/em> Church of God<\/a> put out this sermon on its ContinuingCOG <\/a>channel:<\/p>\n

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1:16:45<\/div>\n<\/div>\n<\/div>\n
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Habakkuk: Faith, USA\u2019s End, & Jesus\u2019 Return<\/a><\/h3>\n

In this sermon video, Dr. Thiel goes over each and every verse of the Book of Habakkuk. He also quotes other supportive verses in the Old and New Testaments, certain Church of God writings, and even the Dead Sea Scroll\u2019s \u2018Commentary on Habakkuk.\u2019 He spends time on the background of Habakkuk, how to live by faith, and prophetic matters. He explains why he believes that Habakkuk 2:2-8 is related to the coming destruction of the USA by creditors, why that is not a reference to the end of end-time Chaldean \/Babylon, and that Habakkuk 2:9-17 is referring to peoples and a different time period than the earlier portion of the chapter (which relates to the beginning of the appointed time of the end). Scriptures related to the destruction of the European \u2018daughter of Babylon\u2019 by a Russian-led, Asian multi-national force, as well as the return of Jesus are cited.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n

Here is a link to the sermon: Habakkuk: Faith, USA\u2019s End, & Jesus\u2019 Return<\/a>.<\/p>\n

Consider also the following:<\/p>\n

7 The rich rules over the poor, And the borrower is servant to the lender. (Proverbs 22:7)<\/p>\n

13 And the Lord said, \u201cBecause 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\u202616 I will scatter them also among the Gentiles, whom neither they nor their fathers have known<\/strong>. And I will send a sword after them until I have consumed them.\u201d (Jeremiah 9:13,14a,16)<\/p>\n

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)<\/p>\n<\/blockquote>\n

Most will not believe disasters will result in the elimination of the USA, but denials were\/are expected:<\/p>\n

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6 \u201cDon\u2019t say such things,\u201d the people respond. \u201cDon\u2019t prophesy like that. Such disasters will never come our way!\u201d (Micah 2:6, New Living Translation)<\/p>\n

16 \u2026 You say, \u2018Do not prophesy against Israel, And do not spout against the house of Isaac.\u2019 (Amos 7:16)<\/p>\n<\/blockquote>\n

People will not want to hear! See also Preparing for the \u2018Short Work\u2019 and The Famine of the Word<\/a>.<\/p>\n

The ‘Ponzi’ scheme that the USA has been pulling off will not go on forever–even though politicians act like it can.<\/p>\n

Watch also the following:<\/p>\n

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14:44 <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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And the Debt Goes On…<\/a><\/h3>\n
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On June 3, 2023, US President Joe Biden signed a bill to increase the official debt-ceiling of the United States. According to its 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.<\/span><\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n

Here is a link to our video: And the Debt Goes On…<\/a><\/p>\n

Furthermore, the Bible is clear that the USA will be taken over (cf. Daniel 11:39) and debt will be a factor per Habakkuk 2:6-8.<\/p>\n

Related to USA debt, last month we uploaded the following related video:<\/p>\n

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\n14:38<\/div>\n
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USA’s Ponzi Debt Scheme<\/span><\/a><\/h3>\n

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\u2019s 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 \u201cmarks\u201d, or investors, to partially pay a return on the investment of the earlier \u201cmarks\u201d, 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 \u201cmarks\u201d 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 \u201cThe National Debt\u201d. 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.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n

Here is a link to our video: USA’s Ponzi Debt Scheme<\/span><\/a>.<\/p>\n

The USA will ultimately not recover from its debt: foreigners will rise up and take.<\/p>\n

They will end up conquering the USA.<\/p>\n

Some items of possibly related interest may include:<\/em><\/p>\n

Who is the King of the West?<\/a> 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: \u00bfQui\u00e9n es el Rey del Occidente? \u00bfPor qu\u00e9 no hay un Rey del Occidente en la profec\u00eda del tiempo del fin?<\/a> A related sermon is also available: The Bible, the USA, and the King of the West<\/a>.<\/p>\n

HABAKKUK<\/strong>\u00a0Here is a link to the article\u00a0Commentary on Habakkuk and the End of the United States<\/a>. God gave Habakkuk a message on living by faith. Did God give a prophecy concerning debt and the destruction of the United States? This article covers the entire Book of Habakkuk. Here is a link to a related sermon:\u00a0Habakkuk: Faith, USA\u2019s End, & Jesus\u2019 Return<\/a>.<\/p>\n

Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?<\/a> 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<\/a>; Lost tribes, prophecies, and identifications<\/a>; 11 Tribes, 144,000, and Multitudes<\/a>; Israel, Jeremiah, Tea Tephi, and British Royalty<\/a>; Gentile European Beast<\/a>; Royal Succession, Samaria, and Prophecies<\/a>; Asia, Islands, Latin America, Africa, and Armageddon;<\/a>\u00a0\u00a0When Will the End of the Age Come?<\/a>;\u00a0\u00a0Rise of the Prophesied King of the North<\/a>; Christian Persecution from the Beast<\/a>; WWIII and the Coming New World Order<\/a>; and Woes, WWIV, and the Good News of the Kingdom of God<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

(Above generated for COGwriter by ChatGPT) COGwriter The US debt is being considered as a ‘doom Loop’: New Fed Chair Kevin Warsh faces ‘doom loop’ of debt and inflation. What’s going on in the bond market? June 3, 2026 President Donald Trump\u2019s hand-picked nominee for Federal Reserve Chair, Kevin Warsh, took over from Jerome Powell […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101460","post","type-post","status-publish","format-standard","hentry","category-prophecy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t