![\"\"](\"\/fiscal-cliff.png\")
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COGwriter<\/a><\/p>\n The Commerce Department reports that the economy of the USA shrunk a small amount last quarter:<\/p>\n 30 January 2013<\/p>\n The United States economy contracted unexpectedly in the final quarter of 2012, hurt by weaker exports, a drop in military spending and a slower buildup in inventories.<\/p>\n The Commerce Department said<\/a> Wednesday that economic output in the quarter fell at an annual rate of 0.1 percent, compared with growth at a 3.1 percent pace in the third quarter.<\/p>\n It marked the economy\u2019s worst performance since the second quarter of 2009. \u00a0http:\/\/www.nytimes.com\/2013\/01\/31\/business\/economy\/us-economy-unexpectedly-contracted-in-fourth-quarter.html?_r=0<\/a><\/p>\n 30 January 2013<\/p>\n WASHINGTON \u2014 The U.S. economy unexpectedly shrank from October through December for the first time since 2009, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The drop occurred despite stronger consumer spending and business investment.The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That was a sharp slowdown from the 3.1 percent growth rate in the July-September quarter…the fact that the economy shrank at all, combined with much lower consumer confidence reported Tuesday, may raises fears about the economy\u2019s durability in 2013. That\u2019s because deep automatic government spending cuts will cut into domestic and defense programs starting in March unless Congress reaches a deal to avert them.And Americans are coming to grips with an increase in Social Security taxes that has begun to leave them with less take-home pay. \u00a0http:\/\/www.washingtonpost.com\/business\/us-economy-shrinks-01-pct-first-time-in-3–years-deep-cut-in-defense-spending-key-factor\/2013\/01\/30\/9dc71c80-6ae1-11e2-9a0b-db931670f35d_story.html<\/a><\/p><\/blockquote>\n Parts of the \u201cfiscal cliff\u201d are coming into play and other parts are expected to.\u00a0 To minimize the impact, there were certain deals made by the politicians in Washington, D.C. which basically reduced the immediate impact and others that pushed the problem down the road a few months (see Obama Administration will not oppose debt-ceiling delay proposal<\/a>)–and some outside the USA have real problems with that (see IMF: Suspending debt ceiling hurts United States tremendously<\/a>).<\/p>\n The reality is that something needs to be done (and it may essentially be some type of sham, like the “quantitative easing” programs are; see Doubling QE3 is not good<\/a>) as the US government is NOT in a position to function unless it raises its debt limits. So, it will raise its debts.<\/p>\n Biblically, this is more dangerous than most in the USA realize. Notice what the Bible warns about those who increase debt in the end times:<\/p>\n 3 For the vision is yet for an appointed time; But at the end<\/strong> it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come<\/strong>, It will not tarry\u20265 Indeed, because he transgresses by wine, He is a proud man\u2026 6 \u201cWill not all these take up a proverb against him, And a taunting riddle against him, and say, \u2018Woe to him who increases What is not his\u2013how long? And to him who loads himself with many pledges\u2019? 7 Will not your creditors rise up suddenly?<\/strong> Will they not awaken who oppress you? And you will become their booty. <\/strong>8 Because you have plundered many nations, All the remnant of the people shall plunder you. <\/strong>Because of men\u2019s blood And the violence of the land and the city, And of all who dwell in it. (Habakkuk 2:3,5,6-8).<\/p><\/blockquote>\n At some point in time, the USA will likely start to experience massive inflation.\u00a0 And afterwards, its creditors will rise up (Habakkuk 2:7). The fiscal cliff as well as policies of the Federal Reserve like “quantitative easing,” unless dramatically altered in a different direction relatively soon, are setting the stage for hyperinflation in the U.S.A.\u2013have no doubt about it.<\/p>\n But what about the spending cuts? The cuts are believed to be dangerous in many ways as well. Furthermore, they are still not enough, nor are the tax increases enough, to stop the increase in US government debt. And the spending cuts that are associated with the fiscal cliff will affect many areas of US government spending. In terms of military spending, USA Defense Secretary Leon Panetta has warned about the dangers of the cuts as \u201cdoomsday\u201d (\u2018Doomsday\u2019 Defense Cuts)<\/a> and \u201cunthinkable\u201d (Panetta Weighs Unthinkable Defense Cuts<\/a>) and yet they may well happen–they may help the stage for the military takeover of the USA that the Bible prophesies in Daniel 11:39.\u00a0 The automatic cuts include reduction to entitlement programs and about an 8.2% reduction in federal education spending, which will impact school districts around the nation. Healthcare costs are also expected to be impacted, deal or no deal (\u2018Taxmaggedon\u2019 and related items<\/a>).<\/p>\n While the Republicans and Democrats have used this as a major partisan fight, the reality is that the rest of the world is also watching and is very disturbed by all of this (see IMF: Suspending debt ceiling hurts United States tremendously<\/a>). The Europeans and others are realizing that the USA is losing its position of world leadership–and when it does, this will be the final “time of the Gentiles” that the Bible warns of (Ezekiel 30:2-3; Luke 21:23-24; Revelation 11:2).\u00a0 The leaders in the USA are causing the nation to err (cf. Isaiah 3:12; 9:16).<\/p>\n While a .1 percent economic drop is relatively minor, it suggests a nation that has not fixed its economy.\u00a0 That, combined with massive debt while decreasing defense spending, suggests dangers for the USA.<\/p>\n The policies and decisions in Washington, D.C. are helping to create the conditions for the upcoming European Beast<\/a> power to fill the void in economic (and even military) leadership that the USA is in the process of making.<\/p>\n Some articles of possibly related interest may include<\/em>:<\/p>\n Anglo \u2013 America in Prophecy & the Lost Tribes of Israel<\/a> 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? COGwriter The Commerce Department reports that the economy of the USA shrunk a small amount last quarter: 30 January 2013 The United States economy contracted unexpectedly in the final quarter of 2012, hurt by weaker exports, a drop in military spending and a slower buildup in inventories. The Commerce Department said Wednesday that economic output […]<\/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-15580","post","type-post","status-publish","format-standard","hentry","category-prophecy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/15580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/comments?post=15580"}],"version-history":[{"count":4,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/15580\/revisions"}],"predecessor-version":[{"id":15584,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/15580\/revisions\/15584"}],"wp:attachment":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/media?parent=15580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/categories?post=15580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/tags?post=15580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\nEuropa, the Beast, and Revelation<\/a> 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?
\nWho is the King of the North?<\/a> Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch 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? When does the Bible show that economic collapse will affect the United States?
\nBarack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term<\/a> This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com<\/a>. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic, Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.<\/a>
\nBarack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.<\/a> This electronic version is available for only US$2.99. 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 \u0019s Free<\/strong> Reader Apps<\/a>. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"