{"id":54582,"date":"2019-05-24T07:00:13","date_gmt":"2019-05-24T15:00:13","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=54582"},"modified":"2019-05-27T08:59:01","modified_gmt":"2019-05-27T16:59:01","slug":"the-king-of-debt-does-debt-matter","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/the-king-of-debt-does-debt-matter\/","title":{"rendered":"The ‘King of Debt.’ Three years before ‘national debt death spiral’?"},"content":{"rendered":"

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

Who claims to be the ‘king of debt’? Notice some statements from now US President Donald Trump:<\/p>\n

I\u2019m the king of debt. I love debt. (Egan M. Donald Trump: \u2018I\u2019m the king of debt.\u2019 CNN, May 7, 2016)<\/p><\/blockquote>\n

Donald Trump also said:<\/p>\n

I have borrowed, knowing that you can pay back with discounts. And I have done very well with debt. Now, of course, I was swashbuckling, and it did well for me and it was good for me and all that. \u2026<\/p>\n

Now we\u2019re in a different situation with a country, but I would borrow knowing that if the economy crashed you could make a deal. And if the economy was good it was good so therefore you can\u2019t lose. \u2026<\/p>\n

I don\u2019t want to renegotiate the bonds, but I think you can do discounting. \u2026 I\u2019m not even suggesting that we don\u2019t borrow money at very low rates long term so we don\u2019t have to worry about when they come due. (Kurtzleben D. Donald Trump\u2019s Messy Ideas For Handling The National Debt, Explained. NPR, May 9, 2016)<\/p>\n

Nobody knows debt better than me. I\u2019ve made a fortune by using debt and if things don\u2019t work out, I renegotiate the debt. Well, you go back and you say, \u2018hey, guess what? The economy just crashed. I\u2019m going to give you back half. (\u201cTrump recession\u201d? Presumptive GOP nominee fires back at Clinton. CBS, June 22, 2016)<\/p><\/blockquote>\n

It sounds like Donald Trump believes that debt is good and there is nothing wrong with defaulting or otherwise not intending to pay the total debt back. Other USA politicians have also basically suggested paying the debt back in inflated currency or something else other than the original value of the debt.<\/p>\n

The Bible says the wicked have that attitude:<\/p>\n

21<\/sup> The wicked borrows and does not repay, But the righteous shows mercy and gives. (Psalms 37:21)<\/p><\/blockquote>\n

Donald Trump has also filed for bankruptcy four times\u2014presumably to not pay back debt, while he claims a financial worth around $10 billion.<\/p>\n

He may consider that to be \u2018good business,\u2019 but his practices and intents sound biblically immoral.<\/p>\n

Yet he, the Federal Reserve, many politicians, and many in the mainstream press seem to love debt. The Bible teaches that debt is one of the curses that happen to the disobedient:<\/p>\n

15 \u201cBut 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 \u201cThe 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.<\/p>\n

45 \u201cMoreover 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. 46 And they shall be upon you for a sign and a wonder, and on your descendants forever.<\/p>\n

47 \u201cBecause 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, 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 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, 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; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. (Deuteronomy 28:43-51)<\/p><\/blockquote>\n

The end result of the coming massive financial crisis will be the END OF THE USA!<\/p>\n

However, this will not happen this month, this year, or even during the first term of Donald Trump\u2019s Administration. But it will happen!<\/p>\n

While much of the debt is owed to nations such as China<\/a>, Japan<\/a>, and the Arab World<\/a>, the Europeans<\/a> have trillions of dollars invested in the USA\u2013money they may be disappointed to have devalued, and actually the Europeans seem to hold the most US debt (see EU reportedly the largest holder of USA debt<\/a>). Enough so that they may divide the land among themselves and other creditors (cf. Daniel 11:39; see also USA in Prophecy: The Strongest Fortresses<\/a>).<\/p>\n

Overall, the USA continues on despite its dependency upon debt.<\/p>\n

For now, because other economies are looking weak, nations and investors have continued to support the USA and its dollar. But this is not because the USA looks so good, but that others, for now, look worse. Yet, this will change when Europe emerges (and yes it is facing debt and banking crises in various areas).<\/p>\n

The reality is that a more severe debt crisis is coming. And when it happens, it will be so much worse than most imagine (though a less severe crisis or two, or more, will likely precede the final one).<\/p>\n

Notice the following:<\/p>\n

\n

We Have 3 Years Before The National Debt “Death Spiral”<\/span><\/a><\/h2>\n

According to the U.S. Treasury Department\u2019s Office of Debt Management, the U.S. government is just five years away from the point of no return.<\/strong>\u00a0 With the national debt spiraling quickly out of control, there are only a few years left before every single dollar the government borrows will go toward funding interest payments on the national debt. …
\n<\/strong><\/p>\n

But what is the real red flag is that starting in 2024, when the primary deficit drops to zero according to the latest projections, all US debt issuance will be used to fund the US net interest expense,<\/strong> which depending on the prevailing interest rate between now and then will be anywhere between $700 billion and $1.2 trillion or more.<\/p>\n

In short: in the stylized cycle of the US \u201cMinsky Moment\u201d, the US will enter the penultimate,\u00a0Ponzi Finance<\/em><\/strong>, phase \u2013 the one in which all the new debt issuance is used to fund\u00a0only interest on the debt<\/strong>\u00a0\u2013\u00a0some time around in 2024<\/strong>. \u2013ZeroHedge<\/em><\/a><\/p><\/blockquote>\n

Once we reach that point, the government will have reached the \u201cdeath spiral,\u201d a point at which the complete collapse of the government and financial system is imminent.<\/strong><\/p><\/blockquote>\n

Despite rhetoric from the major political parties in the USA about debt reduction, the reality is that the USA debt continues to rise.<\/p>\n

According to the US Treasury, the debt of the USA as of 01\/19\/2017 was 19,944,429,217,106.77 (https:\/\/treasurydirect.gov\/NP\/debt\/current).<\/p>\n

According to the US Treasury, the debt of the USA as of 04\/18\/2019 was 22,027,542,672,770.63 (https:\/\/treasurydirect.gov\/NP\/debt\/current).<\/p>\n

The USA has raised its so-called ‘debt ceiling’ again since Donald Trump became its president. Now, this is not unique to Donald Trump as the debt ceiling has been raised under all the past several US presidents, but this is not good.<\/p>\n

Consider that the Bible teaches the following:<\/p>\n

12…Those who lead you cause you to err, And destroy the way of your paths.\u201d (Isaiah 3:12)<\/p>\n

16 For the leaders of this people cause them to err, And those who are led by them are destroyed (Isaiah 9:16).<\/p><\/blockquote>\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. 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…47 \u201cBecause 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 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; they shall not leave<\/strong> you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, 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

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…5 Indeed, because he transgresses by wine, He is a proud man… 6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his–how long? And to him who loads himself with many pledges’? 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> (Habakkuk 2:3,5,6-8).<\/p><\/blockquote>\n

The above prophecy will be fulfilled at the time of the end (cf. “The message was true, but the appointed time was long…in the latter days, for the vision refers to many days yet to come,” Daniel 10:1,14). Daniel 8:19, 11:27,29,35 uses the same Hebrew term for “appointed time” as Habakkuk 2:3, while Daniel 10, using a different term, ties the latter days to the time in Daniel 8:19. Habakkuk 2 was not fulfilled in its entirety anciently. Also, it makes little sense that Habakkuk 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 at the appointed time of the end.<\/p>\n

The nation with the greatest debt of all time is the United States of America, and on a per capita<\/em> basis may be the United Kingdom of Great Britain and Northern Ireland. Earlier this year, the USA even voted to NOT have a debt ceiling for another year (USA has now decided against an official debt limit<\/a>). This helps show, that despite posturing, sequestration, budget committees, government shut-downs, etc. that the USA is intent on increasing its total debt–this is unsustainable and cannot continue in perpetuity. The debt is much more dangerous than the predominant view that politicians in the USA publicly state.<\/p>\n

It is the the United States and its Anglo-allies that have loaded pledges of debt in these end times that they really do not expect to pay back.<\/p>\n

While your nation probably will not repent (Anglo or otherwise), you can. Do not wait until it is too late. The fact that the debt clock has risen so high should serve as a wake-up call that the end of the USA will be coming (Habakkuk 2:3,5,6-8; Deuteronomy 28:42-45,47-52).<\/p>\n

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

Anglo – America in Prophecy & the Lost Tribes of Israel<\/a> Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-Am\u00e9rica & las Tribus Perdidas de Israel<\/a>. A video of possible interest may be Will Will USA Spying Help the Beast Power?<\/a>
\nWill the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves?<\/a> Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? 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? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? <\/a> Here is a related item in the Spanish language \u00bfSer\u00e1n divididas las naciones anglosajonas?<\/a>
\nWTO\/TTIP and the Babylonian Beast<\/a> Will international trade agreements like WTO\/TTIP\/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power<\/a>.
\nDoes 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? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2027 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come?<\/a> Here is a link to the article in Spanish: \u00bfTiene Dios un plan de 6,000 a\u00f1os?<\/a>
\nWhen Will the Great Tribulation Begin? 2019, 2020, or 2021?<\/a> Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: \u00bfPuede comenzar la Gran Tribulaci\u00f3n en 2018 o 2019? \u00bfEs el Tiempo de los Gentiles?<\/a> You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives<\/a> and Can the Great Tribulation begin before 2020?<\/a> A shorter and newer video is: Might the Great Tribulation start in 2019?<\/a>
\nThe Times of the Gentiles<\/a> Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles<\/a>.<\/span>
\nArmageddon<\/a> Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon<\/a>. Other videos include:\u00a0Armageddon Will it come on Trump’s watch?<\/a>, Iraq, Armageddon, & Prophecy<\/a>, Freemasonry, Armageddon, and Rome<\/a>, Is China paving roads to Armageddon?<\/a>, and Jordan, Petra, and Armageddon<\/a>.
\nChristian Repentance<\/a> Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance<\/a>.
\nDonald Trump in Prophecy<\/a> Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill?\u00a0 Are there any prophecies that he has already helped fulfill?\u00a0 Is a Donald Trump presidency proving to be apocalyptic?\u00a0 Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic?<\/a> and Donald Trump’s Prophetic Presidency<\/a>.
\nTrump Presidency Magic 8 Ball or Bible Prophecy?<\/a> BBC<\/em> reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
\nDonald Trump and America\u2019s Apocalypse<\/a> This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America\u2019s Apocalypse<\/a>.
\nDonald Trump and America\u2019s Apocalypse-Kindle Edition<\/a> This electronic version of the 188 page print edition is available for only US$3.99. 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\u00a0Donald Trump and America\u2019s Apocalypse-Kindle Edition<\/a>.
\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

COGwriter Who claims to be the ‘king of debt’? Notice some statements from now US President Donald Trump: I\u2019m the king of debt. I love debt. (Egan M. Donald Trump: \u2018I\u2019m the king of debt.\u2019 CNN, May 7, 2016) Donald Trump also said: I have borrowed, knowing that you can pay back with discounts. And […]<\/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-54582","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\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