{"id":4968,"date":"2010-10-05T05:24:00","date_gmt":"2010-10-05T13:24:00","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=4968"},"modified":"2010-10-05T05:24:00","modified_gmt":"2010-10-05T13:24:00","slug":"bernanke-admits-to-high-deficits-continuing","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/bernanke-admits-to-high-deficits-continuing\/","title":{"rendered":"Bernanke Admits to High Deficits Continuing"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"\/ben-bernanke-official-portrait.jpg\" alt=\"\" width=\"225\" height=\"281\" \/><br \/>\nBen Bernanke<\/p>\n<p><a href=\"\/cogwriter.htm\">COGwriter<\/a><\/p>\n<p>The U.S. Federal Reserve Chairman admitted that US deficits would remain high, at least for a while:<\/p>\n<blockquote>\n<h2 style=\"margin-bottom: 10px;\">Bernanke warns of high budget deficits&#8230;<\/h2>\n<p>Bernanke&#8230;did, however, say that &#8220;economic conditions provide little scope for  reducing deficits significantly further over the next year or two&#8221; and  that &#8220;premature fiscal tightening could put the recovery at risk&#8221; which  implies that the tax cuts should not be allowed to expire in 2010. (Irwin N.\u00a0 <span style=\"font-size: x-small;\">Washington Post,\u00a0 Tuesday, October 5, 2010. <\/span><a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/10\/04\/AR2010100407065.html\">http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/10\/04\/AR2010100407065.html<\/a>)<\/p><\/blockquote>\n<p>Although he hopes this will change, the reality is that unless some highly efficient technology (or something along those lines) emerges soon in the USA, its deficits will mainly increase.<\/p>\n<p>This increase will likely worsen dramatically once interest rates rise from their current low levels.<\/p>\n<p>In Habakkuk 2:3,6,7, God 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\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 <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 and seems to be directed to one\u00a0 or more nations like the USA. 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.<\/p>\n<p>Since the USA has the most  debt of any nation of all time, it seems to be a leading (though not necessarily only) candidate to be included in it.\u00a0 Increasing deficits puts the USA in a dangerous position that Bible prophecy indicates that it will not be able to recover from.<\/p>\n<p>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 \u201cson  of Kenya\u201d, 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 admitted that US deficits would remain high, at least for a while: Bernanke warns of high budget deficits&#8230; Bernanke&#8230;did, however, say that &#8220;economic conditions provide little scope for reducing deficits significantly further over the next year or two&#8221; and that &#8220;premature fiscal tightening could put the recovery [&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-4968","post","type-post","status-publish","format-standard","hentry","category-prophecy"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Ben Bernanke COGwriter The U.S. Federal Reserve Chairman admitted that US deficits would remain high, at least for a while: Bernanke warns of high budget deficits... 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Bernanke...did, however, say that \"economic conditions provide little scope for reducing deficits significantly further over the next year or two\" and that \"premature fiscal tightening could put the recovery","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.cogwriter.com\/news\/#website"},"breadcrumb":{"@id":"https:\/\/www.cogwriter.com\/news\/prophecy\/bernanke-admits-to-high-deficits-continuing\/#breadcrumblist"},"author":{"@id":"https:\/\/www.cogwriter.com\/news\/author\/admin\/#author"},"creator":{"@id":"https:\/\/www.cogwriter.com\/news\/author\/admin\/#author"},"datePublished":"2010-10-05T05:24:00-07:00","dateModified":"2010-10-05T05:24:00-07:00"},{"@type":"WebSite","@id":"https:\/\/www.cogwriter.com\/news\/#website","url":"https:\/\/www.cogwriter.com\/news\/","name":"Church of God News","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.cogwriter.com\/news\/#organization"}}]},"og:locale":"en_US","og:site_name":"Church of God News -","og:type":"article","og:title":"Bernanke Admits to High Deficits Continuing - Church of God News","og:description":"Ben Bernanke COGwriter The U.S. Federal Reserve Chairman admitted that US deficits would remain high, at least for a while: Bernanke warns of high budget deficits... 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