{"id":56283,"date":"2019-07-31T00:01:18","date_gmt":"2019-07-31T08:01:18","guid":{"rendered":"https:\/\/www.cogwriter.com\/news\/?p=56283"},"modified":"2019-07-30T14:25:54","modified_gmt":"2019-07-30T22:25:54","slug":"us-debt-continues-to-rise-during-booming-economy-what-will-happen-after-a-series-of-negative-economic-factors","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/us-debt-continues-to-rise-during-booming-economy-what-will-happen-after-a-series-of-negative-economic-factors\/","title":{"rendered":"US debt continues to rise during ‘booming economy’–what will happen after a series of negative economic factors?"},"content":{"rendered":"

\"\"<\/em><\/p>\n

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

US debt continues to rise:<\/p>\n

WASHINGTON\u2014Borrowing by the federal government is set to top $1 trillion for the second year in a row as higher spending outpaces revenue growth and concern about budget deficits wanes in Washington and on Wall Street.<\/p>\n

The Treasury Department said Monday it expects to issue $814 billion in net marketable debt in the second half of this calendar year, bringing total debt issuance to $1.23 trillion in 2019. That would represent a slight decline from borrowing in 2018, when the Treasury issued $1.34 trillion in debt\u2014more than twice as much as the $546 billion it issued in 2017.<\/p>\n

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The budget gap for the fiscal year that ends Sept. 30 is on course to exceed $1 trillion, …<\/p>\n

The new budget agreement congressional leaders announced last week effectively pushed the issue of government spending off until after the 2020 election.<\/p>\n

Concerns about rising deficits and debt have been absent from the presidential campaign trail, in contrast to previous election cycles. …<\/p>\n

The current bipartisan budget agreement, set for approval by the Senate this week, would boost federal outlays and suspend the government\u2019s borrowing limit for two years, adding further to annual deficits into the future. …<\/p>\n

The deficit as a share of the economy is set to more than double <\/a>over the coming decades, due in part to higher spending on Social Security and Medicare. 07\/29\/19 https:\/\/www.wsj.com\/articles\/treasury-to-borrow-over-1-trillion-in-2019-for-second-year-in-a-row-11564428624<\/a><\/p>\n<\/div>\n<\/blockquote>\n

And, despite headlines like “The rising national debt is not a big problem for Social Security<\/a>,” it is dangerous. Notice also the following:<\/p>\n

After claiming to be the greatest at just about everything, Donald Trump has finally found an area where he can stake a credible claim. By negotiating a disastrous budget deal with Democrats, the President could become the greatest creator of government debt in the history of the country. …<\/p>\n

As the self-proclaimed \u201cKing of Debt,\u201d in the private sector Trump never had any problems borrowing more than he could reasonably be expected to pay back, as long as there was an opportunity to renegotiate with his creditors in the long run. Individually, he has been repudiating debt (largely without consequence) for the past 40 years, so why would anyone expect him to stop now?<\/p>\n

But deficits under Trump have expanded even faster than I had expected. The really alarming part is that this occurred with GDP growth higher than I anticipated, and without the additional red ink of a $1 trillion plus infrastructure spending plan that I had assumed would pass in the first two years of his presidency. If the economy slows significantly, as I suspect it will in the near term, we may see annual deficits in the multi-trillion dollar range almost immediately. Republicans and Democrats may be inclined to think that deficits of that size won\u2019t matter either, but I suspect that they will. …<\/p>\n

The recent budget developments should make it perfectly clear that there is no resistance to the trend of budgetary catastrophe. …<\/p>\n

In the coming years, multi-trillion dollar annual deficits could be the norm, until we start measuring the numbers by the tens of trillions. This merry-go-round will keep spinning until the ride crashes. 07\/25\/19 https:\/\/www.europac.com\/economiccommentary\/trump-kills-the-tea-party\/<\/a><\/p><\/blockquote>\n

Official US debt almost doubled under Barack Obama. The debt situation continues to worsen under Donald Trump.<\/p>\n

If he is voted out in 2020, the situation is not expected to improve.<\/p>\n

The Bible teaches that debt is one of the curses that happen to the disobedient:<\/p>\n

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

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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> 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, Ponzi Finance<\/em><\/strong>, phase \u2013 the one in which all the new debt issuance is used to fund only interest on the debt<\/strong> \u2013 some 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 some rhetoric from the major political parties in the USA about debt reduction, the reality is that the USA debt continues to rise and both major parties have continued to encourage this to happen.<\/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 07\/26\/2019 was 22,022,795,612,652.49 (https:\/\/treasurydirect.gov\/NP\/debt\/current).<\/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 USA continues to increase debt when it keeps saying its economy is growing. What will it do if things worsen?<\/p>\n

Consider further, what will happen if a series of \u2018natural\u2019 and other disasters hits the USA?<\/p>\n

Notice something I wrote in my book Donald Trump and America\u2019s Apocalypse<\/a>:<\/p>\n

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The debt situation of the U.S.A. is putting it at risk of being unable to recover should it be hit by weather problems, terrorist acts, war, riots, solar flares, severe earthquakes, civil unrest, devastation of their genetically-modified food supplies, food shortages, and\/or various pestilences\u2013an intensity of \u201csorrows\u201d such as Jesus discussed in Matthew 24:4-8 leading up to the time of the Great Tribulation. Political issues, climate change, trade policies, communication\u2019s deals, and other events are pushing the U.S.A. to a position that will encourage its takeover someday. Disasters, especially if there is an ElectroMagnetic Pulse (EMP) attack or a severe solar flare storm, could be part of a so-called \u201cperfect storm\u201d of events that could set the USA for destruction. (Thiel B. Donald Trump and America\u2019s Apocalypse<\/a>. Nazarene Books, 2017)<\/p>\n<\/blockquote>\n

Neither the Federal Reserve nor the US government can stop weather problems, earthquakes, or the prophecies in Matthew 24:4-8 that will lead up to the time of the Great Tribulation.<\/p>\n

Do not believe that the USA will continue indefinitely and that its debt can continue to rise.<\/p>\n

Repentance is needed. The USA and its Anglo-Saxon allies will not last to the end of this century (watch also End of the Anglo-American Order<\/a>).<\/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

USA in Prophecy: The Strongest Fortresses<\/a> Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does.<\/span> A related sermon is titled: Do these 7 prophesies point to the end of the USA?<\/a>
\nWho 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>.
\nAnglo – 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: Armageddon 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>.
\nIs God Calling You?<\/a> This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is a link to a related sermon: Could God be Calling You?<\/a> A short animation is also available: Is God Calling You?<\/a><\/span>
\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? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? 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 Donald Trump and America\u2019s Apocalypse-Kindle Edition<\/a>.
\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

COGwriter US debt continues to rise: WASHINGTON\u2014Borrowing by the federal government is set to top $1 trillion for the second year in a row as higher spending outpaces revenue growth and concern about budget deficits wanes in Washington and on Wall Street. The Treasury Department said Monday it expects to issue $814 billion in net […]<\/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-56283","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