{"id":4084,"date":"2010-07-22T06:41:27","date_gmt":"2010-07-22T14:41:27","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=4084"},"modified":"2010-07-31T12:37:13","modified_gmt":"2010-07-31T20:37:13","slug":"bernanke-warns-u-s-economy-prospects-uncertain-but-bible-prophecy-is-certain","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/bernanke-warns-u-s-economy-prospects-uncertain-but-bible-prophecy-is-certain\/","title":{"rendered":"Bernanke Warns U.S. Economy Prospects Uncertain. But Bible Prophecy is Certain."},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.cogwriter.com\/ben-bernanke-official-portrait.jpg\" alt=\"\" width=\"225\" height=\"281\" \/><br \/>\nBen Bernanke<\/p>\n<p><a href=\"https:\/\/www.cogwriter.com\/cogwriter.htm\">COGwriter<\/a><\/p>\n<p>The U.S. Federal Reserve Chairman shook up the financial markets some by getting a little closer to the truth:<\/p>\n<blockquote>\n<div><small>THURSDAY, JULY 22, 2010<\/small><\/p>\n<h2>No Answers, New Lows<\/h2>\n<p>By RANDALL W. FORSYTH<\/p>\n<p><strong>WHEN BEN BERNANKE TREKKED<\/strong> to Capitol Hill  Wednesday, he didn&#8217;t have any magic answers to the economy&#8217;s malaise&#8230;<\/p>\n<p>The U.S. economy faces &#8220;unusual uncertainty,&#8221; the Federal Reserve  chairman admitted to the Senate Banking Committee Wednesday, which meant  he had no better idea of what we face than you or I.<a href=\"http:\/\/online.barrons.com\/article\/SB50001424052970204518004575382772617529834.html?mod=googlenews_barrons\"> http:\/\/online.barrons.com\/article\/SB50001424052970204518004575382772617529834.html?mod=googlenews_barrons<\/a><\/div>\n<div>\n<h2>World stocks, dollar fall on Bernanke economy view<\/h2>\n<\/div>\n<p>By ALEX KENNEDY (AP) \u2013 <span>July 22, 2010<br \/>\n<\/span><\/p>\n<p>SINGAPORE \u2014 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&#8230;<\/p>\n<p>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.\u00a0<a href=\"http:\/\/www.google.com\/hostednews\/ap\/article\/ALeqM5h3kgMAkbLwyfxBdjzw8Pc4KZ7DhQD9H40IL80\"> http:\/\/www.google.com\/hostednews\/ap\/article\/ALeqM5h3kgMAkbLwyfxBdjzw8Pc4KZ7DhQD9H40IL80<\/a><\/p><\/blockquote>\n<p>And what is the truth about what will happen to the USA&#8217;s economy?<\/p>\n<p>Without massive national repentance, the economy of the USA will collapse.\u00a0 The USA economy continues to be propped up by debt and its historical contributions to the international economy.\u00a0 But while the USA still produces some agricultural, manufactured, and mined\/extracted goods, its appetite for more than it produces (covetousness) is not sustainable.\u00a0 Even US President Obama has said that the debt accumulation is unsustainable.<\/p>\n<p>The Gulf Oil spill is just one more debt stimulating event (see also <a href=\"http:\/\/www.examiner.com\/x-22366-LA-Church-History--End-Prophecy-Examiner%7Ey2010m5d17-BP-Gulf-oil-spill-has-significant-prophetic-ramifications\">BP   Gulf oil spill has significant prophetic ramifications<\/a>).\u00a0 And other troubles are predicted in Bible prophecy (Mark 13:8).<\/p>\n<p>The course of debt accumulation that the USA has undertaken is unprecedented.\u00a0 The USA is in more debt than any nation in the history of humankind.<\/p>\n<p>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:<\/p>\n<blockquote><p>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&#8230;47 \u201c<strong>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<\/strong>, 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 <strong>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<\/strong>, 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; <strong>they shall not leave<\/strong> you grain or new  wine or oil, or the increase of your cattle or the offspring of your  flocks, <strong>until they have destroyed you<\/strong>.  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).<\/p><\/blockquote>\n<p>Habakkuk 2:3,6,7\u00a0 mentions that that destruction will happen to those that increased their  debt at the end time:<\/p>\n<blockquote><p>3 For the vision is yet for an <strong>appointed time;      But at the end<\/strong> it will speak, and it will not lie.      Though it tarries, wait for it; Because <strong>it will surely come<\/strong>,  It will not tarry&#8230;5    Indeed, because he transgresses by wine, He is a proud man&#8230;     6 &#8220;Will not all these take up a proverb against him, And a taunting  riddle against him, and say,      &#8216;Woe to him who increases      What is not his&#8211;how long?     And to him who loads himself with many pledges&#8217;? 7 <strong>Will not  your creditors rise up suddenly?<\/strong> Will they not awaken who  oppress you? <strong>And you will become their booty. <\/strong>8 Because you have plundered many nations, <strong>All the  remnant of the people shall plunder you <\/strong> (Habakkuk 2:3,5,6-8).<\/p><\/blockquote>\n<p>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.\u00a0 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.<\/p>\n<p>The <a href=\"https:\/\/www.cogwriter.com\/paul.htm\">Apostle Paul<\/a> was clear that sudden destruction will happen among those  who are spiritually drunk:<\/p>\n<blockquote><p>3 For when they say, &#8220;Peace and safety!&#8221;  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)<\/p><\/blockquote>\n<p>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.<\/p>\n<p>Isaiah 30:12-13 teaches:<\/p>\n<blockquote><p>12 Therefore thus says the Holy One of Israel:<\/p>\n<p><strong>\u201cBecause you despise this word, And  trust in oppression  and perversity, And rely on them,\u00a0 13 Therefore  this iniquity shall be  to you<\/strong> Like a breach ready to fall, A bulge in a  high wall,  Whose breaking comes <strong>suddenly, in an instant<\/strong>.<\/p><\/blockquote>\n<p>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 &#8220;oppression&#8221;  can also be translated \u201cunjust gain\u201d.\u00a0  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,\u00a0 for   the past few decades, has been benefiting from the gains of foreigners   loaning money to it.<\/p>\n<p>Since the <a href=\"https:\/\/www.cogwriter.com\/abortion.htm\">Roe vs. Wade pro-abortion <\/a>decision, the USA  has became  the greatest debtor nation in the history of humankind.\u00a0  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.\u00a0 And as we are getting closer to the end, the related swift destruction that the prophecies mentioned in the Bible will happen.<\/p>\n<p>And according to Daniel 11:39 and other prophecies, after this destruction, its lands will be divided for gain of the conqueror.\u00a0 Some believe that California, for example, will end up again as part of Mexico with Europe controlling many of the eastern US states (see <a href=\"\/usa-canada-uk-australia-new-zealand-divided.htm\">Will   the Anglo-Nations be Divided?<\/a>).\u00a0 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.<\/p>\n<p>So, the financial markets dropped a little because the Fed Chairman mentioned economic uncertainty.\u00a0 Yet,\u00a0 without massive national repentance, the Bible is clear that complete destruction of the economy, and even government, of the USA is certain.<\/p>\n<p><em>Some prophetic articles of possibly related interest may include:<\/em><\/p>\n<p><a href=\"\/britishisrael.htm\">Anglo \u2013 America   in Prophecy &amp; 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?<br \/>\n<a href=\"\/usa-canada-uk-australia-new-zealand-divided.htm\">Will  the Anglo-Nations be Divided?<\/a> 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?<br \/>\n<a href=\"\/barack-obama-prophecy-antichrist.htm\">Prophecies  of Barack Obama?<\/a> 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?\u00a0 Might  Barack Obama set the  stage for the kings of the North and South as at  least one Shiite  prophecy suggests?\u00a0 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.<br \/>\n<a title=\"Permanent Link to Barack Obama, Prophecy, and the  Destruction of the United States\" rel=\"bookmark\" href=\"\/news\/prophecy\/barack-obama-and-the-destruction-of-the-united-states\/\">Barack Obama, Prophecy, and the Destruction of the  United   States<\/a> Some claim that Barack Obama is the prophesied &#8220;son  of Kenya&#8221;, based up an early 20th century writing.<br \/>\n<a href=\"\/kingofthenorth.htm\">Who is the King of   the North?<\/a> 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<span> the  United States,  Great Britain, Canada, Australia, and New Zealand<\/span>?  When do the  1335 days, 1290 days, and 1260 days (the time, times, and  half a time)  of Daniel 12 begin?\u00a0 Where is the nation of Israel in all  of this?<br \/>\n<a href=\"\/six_thousand_year_plan_6000.htm\">Does   God Have a 6,000 Year Plan? What Year Does the 6,000 Years End?<\/a> 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?<br \/>\n<a href=\"\/when-will-the-great-tribulation-begin.htm\">Can   the Great Tribulation Begin in 2010, 2011, or 2012?<\/a> Can the Great   Tribulation begin today? When is the earliest that the Great  Tribulation  can begin? What is the Day of the Lord?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ben Bernanke COGwriter The U.S. Federal Reserve Chairman shook up the financial markets some by getting a little closer to the truth: THURSDAY, JULY 22, 2010 No Answers, New Lows By RANDALL W. FORSYTH WHEN BEN BERNANKE TREKKED to Capitol Hill Wednesday, he didn&#8217;t have any magic answers to the economy&#8217;s malaise&#8230; The U.S. economy [&hellip;]<\/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-4084","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\/4084","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=4084"}],"version-history":[{"count":6,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/4084\/revisions"}],"predecessor-version":[{"id":4286,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/4084\/revisions\/4286"}],"wp:attachment":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/media?parent=4084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/categories?post=4084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/tags?post=4084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}