{"id":69890,"date":"2021-06-30T15:30:09","date_gmt":"2021-06-30T23:30:09","guid":{"rendered":"https:\/\/www.cogwriter.com\/news\/?p=69890"},"modified":"2021-06-30T05:56:15","modified_gmt":"2021-06-30T13:56:15","slug":"uk-national-debt-soars-to-99-of-gdp-biggest-deficit-since-ww2-big-risk-of-inflation","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/uk-national-debt-soars-to-99-of-gdp-biggest-deficit-since-ww2-big-risk-of-inflation\/","title":{"rendered":"UK national debt SOARS to 99% of GDP, biggest deficit since WW2 – ‘big risk’ of inflation"},"content":{"rendered":"

\"\"
\n(Pixabay picture)<\/em><\/p>\n

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

The damage that the many governments have caused their economies because of their COVID policies is greater than many realize.<\/p>\n

One of the longer term damage is the accumulation of debt.<\/p>\n

A supporter in Europe tipped me off to the following:<\/p>\n

\n

UK national debt SOARS to 99% of GDP, biggest deficit since WW2 – ‘big risk’ of inflation<\/h2>\n

THE UK’S NATIONAL DEBT has soared to a staggering \u00a32.2 trillion, or 99 percent of GDP, in the wake of the pandemic – with experts warning there’s a “big risk” of inflation in years to come.<\/h3>\n

29 June 2021<\/p>\n

Figures from the Office for National Statistics (ONS) found at the end of May 2021, the Government spent \u00a324.3 billion – pushing national debt to \u00a32.2 trillion. May’s monthly spend was the second-highest figure on record, however, was less than previously predicted by the Office for Budget Responsibility (OBR) forecast. Despite this, experts are warning of a “big risk” of inflation and a hike for some taxes to compensate. …<\/p>\n

National debt now stands at a staggering \u00a32.2trillion, which is approximately 99.2 percent of GDP.<\/p>\n

This is the highest ratio since the 99.5 percent of GDP recorded in March 1962. https:\/\/www.express.co.uk\/news\/politics\/1456169\/UK-national-debt-rishi-sunak-government-spending-deficit-evg<\/a><\/p><\/blockquote>\n

Now consider that in view of the following:<\/p>\n

30 June 2021<\/p>\n

Haldane warns of ‘very nasty surprise’ if inflation not nipped in bud<\/h2>\n
\n

Andy Haldane, the departing chief economist of the Bank of England, has warned that central bankers need to act to keep inflation in check before the \u2018cat is out of the bag\u2019.<\/strong><\/p>\n

In a speech released on his final day at the Bank<\/a>, Haldane predicts that by the end of this year, UK inflation will be \u201cnearer 4% than 3%\u201d — which would be rather higher than the BoE\u2019s target of 2%, and up from 2.1% last month.<\/p>\n

This would increases the chances of a high inflation narrative becoming the dominant one, Haldane warns, forcing banks to tighten policy faster than expected.<\/p>\n<\/div>\n

\n
\n

This would leave monetary policy needing to play catch-up to re-anchor inflation expectations through materially larger and\/or faster interest rate rises than are currently expected.<\/p>\n<\/div>\n<\/blockquote>\n

And in a conversation with the Institute for Government<\/strong>, Haldane warned that if policymakers ignore inflation for too long, it will require a sharper-than-expected rise in interest rates, which would be a \u201cvery nasty surprise\u201d to borrowers — mortgage holders, businesses and governments. https:\/\/www.theguardian.com\/business\/live\/2021\/jun\/30\/chip-shortages-factories-china-japan-cars-uk-gdp-ftse-oil-business-live<\/a><\/p><\/blockquote>\n

It is interesting that Andy Haldane waited until his last day on the job to publicly warn something that he and others seemingly knew about.<\/p>\n

Many do not say what they know\/suspect because of fear of losing their positions.<\/p>\n

That being said, those in the UK should expect inflation.<\/p>\n

The USA is already experiencing more inflation than it has in decades, at least partially because of government COVID-19 policies.<\/p>\n

Consider a prophecy God inspired the prophet Habakkuk to write:<\/p>\n

2 Then the Lord answered me and said:<\/p>\n

\u201cWrite the vision
\nAnd make it plain on tablets,
\nThat he may run who reads it.
\n3 For the vision is yet for an appointed time;
\nBut at the end it will speak, and it will not lie.
\nThough it tarries, wait for it;
\nBecause it will surely come,
\nIt will not tarry. (Habakkuk 2:2-3)<\/p>\n

6 \u201cWill not all these take up a proverb against him,
\nAnd a taunting riddle against him, and say,
\n\u2018Woe to him who increases
\nWhat is not his \u2014 how long?
\nAnd to him who loads himself with many pledges\u2019?
\n7 Will not your creditors rise up suddenly?
\nWill they not awaken who oppress you?
\nAnd you will become their booty.
\n8 Because you have plundered many nations,
\nAll the remnant of the people shall plunder you,
\nBecause of men\u2019s blood
\nAnd the violence of the land and the city,
\nAnd of all who dwell in it. (Habakkuk 2:6-8).<\/p><\/blockquote>\n

The above is a prophecy for the appointed time of the end\u2013essentially the time of the Great Tribulation (Matthew 24:21). The USA has been accumulating pledges in the form of US Treasury bonds and notes, and is the most indebted nation of all time. On a per capita basis, the UK is also one of the most indebted nations of all time.<\/p>\n

Notice that the prophecy in Habakkuk says this is so bad, that people should run who read it. That is, they should seriously consider what this means and take the appropriate steps.<\/p>\n

The Bible shows that foreign creditors will rise up.<\/p>\n

Because US and British-descended leaders ignore, and even despise, instructions and warnings from the word of God, destruction will come to them. Notice something God inspired the prophet Isaiah to record:<\/p>\n

12 Therefore thus says the Holy One of Israel:<\/p>\n

“Because you despise this word,
\nAnd trust in oppression and perversity,
\nAnd rely on them,
\n13 Therefore this iniquity shall be to you
\nLike a breach ready to fall,
\nA bulge in a high wall,
\nWhose breaking comes suddenly, in an instant.
\n14 And He shall break it like the breaking of the potter’s vessel,
\nWhich is broken in pieces;
\nHe shall not spare.
\nSo there shall not be found among its fragments
\nA shard to take fire from the hearth,
\nOr to take water from the cistern.” (Isaiah 30:12-14)<\/p><\/blockquote>\n

Most of the leaders in the USA, UK, Canada, Australia, and New Zealand despise the word of God, trust in perversion, and think nothing of oppressive debt levels.<\/p>\n

The USA and UK are seriously increasing debt levels.<\/p>\n

Increasing debt will not end up well for the USA and its British-descended allies.<\/p>\n

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

The End of US Dollar Dominance<\/a> Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan<\/a>.
\nCOVID 19 is NOT the End, but could it be TEOTWAWKI?<\/a> The novel coronavirus called COVID-19 is wreaking havoc around the world. Many states of the USA as well as countries in Europe are on lockdown with shelter in place \/shelter in residence requirements. In France, a form is required when you are not at your house. In Spain, drones are being used to warn people who are outside to got back to their homes\u2013does that bring up feelings of \u2018Big Brother\u2019? Italy, France, and other areas are using police and\/or military force to encourage people to stay inside. According to the Bible could this be the end? If not, what has to happen first? Have the second and third of the four horsemen of the Apocalypse started their ride? Could COVID-19 be the fourth horseman? Why or why not? Could we be seeing The End of the World as We Know It (TEOTWAWKI) like the R.E.M.\u2019s 1987 single song discussed? Do Christians need to fear? What did Jesus teach? What did the Psalmist teach? This is a video. Here is a link to a version in the Spanish language: Corona 19 no es el final PERO es el TEOTWAWKI<\/a>.
\nCOVID-19 Leading to 666?<\/a> The novel coronavirus of Wuhan, China fame, is now called COVID-19. It has also been called the \u2018Coronapocalypse.\u2019 Does COVID-19 have any prophetic ramifications? What did Jesus teach about pestilences and sorrows in the Olivet prophecy in Matthew 24? Could COVID-19 be the ride of the fourth horseman of the Apocalypse? Why was this type of disease expected according to the O. Here is a link to a version in the Spanish language: ld Testament prophecies in Deuteronomy and Leviticus? What has the US Centers for Disease Control warned about? What has the CDC reported about the flu? Were there lessons about fear and infections in the 2011 movie \u2018Contagion\u2019? Because of COVID-19, the World Health Organization (WHO), nation of Iran, and certain French locations are telling people not to use cash, but instead electronic forms of payment. The US Federal Reserve is now quarantining money repatriated from Asia to reduce the potential spread of the coronavirus on US currency bills. Is COVID-19 worse than we have been told or could this all be a \u2018false flag\u2019 event to encourage people to move towards a cashless society? If the thousands of deaths associated with COVID-19 are pushing parts of the world towards cashlessness, how much more likely will the ride of the fourth horseman and over a billion human deaths motivate people to move to making electronic payments that can be monitored? The Bible tells of a soon coming society that controls buying and selling to force allegiance to a coming European Beast power, known as 666 (Revelation 13:16-18). Does the \u2018great tribulation\u2019 begin before ride of the fourth horseman or with the opening of the fifth seal of Revelation 6? Do the words of Jesus helps us better understand the sequence of the four horsemen of the Apocalypse and the start of the Great Tribulation? Will the ride of the fourth horseman help lead to the rise of 666? Is that ride very close? Dr. Thiel addresses these issues and more in this video. Here is a link to a version in the Spanish language: <\/a>El COVID-19 \u00bfConduce al 666?<\/a>
\nTwo Horned Beast of Revelation and 666<\/a> Who is 666? This article explains how the COG views this, and compares this to Ellen White. Here is a link to a prophetic video Six Financial Steps Leading to 666?<\/a>
\n<\/span>Fourth Horseman of the Apocalypse<\/a> What is the pale horse of death and pestilences? What will it bring and when? Some related videos may include Amphibian Apocalypse: Threat to Humans?<\/a>, Zombie Deer Disease is Here! Are the 10 Plagues on Egypt Coming?<\/a>, and Biological Warfare and Prophecy<\/a>. Here is a version of the article in Spanish: El cuarto jinete de Apocalipsis, el caballo p\u00e1lido de muerte y pestilencia<\/a>.
\nFour Horsemen of the Apocalypse<\/a> What do each of the four horseman of the Apocalypse represent? Have they began their ride? Did Jesus discuss the any of this? Might their rides coincide with the “beginning of sorrows? Do they start their ride prior to the Great Tribulation? Did Nostradamus or any other ‘private prophets’ write predictions that may mislead people so that they may not understand the truth of one or more of the four horseman? There is also a related YouTube video titled Sorrows and the Four Horsemen of the Apocalypse<\/a>.
\nSpiritual Samaritans: Old and New<\/a> Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: <\/a>USA in Prophecy: Samaria<\/a><\/a>.<\/a>Who 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? In the Spanish language check out \u00bfQui\u00e9n es el Rey del Norte?<\/a> Here is a link to a video titled: The Future King of the North<\/a>.
\nUSA 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> Two related sermon are available: Identifying the USA and its Destruction in Prophecy<\/a> and 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>.
\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<\/span>? 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? In the Spanish language check out \u00bfQui\u00e9n es el Rey del Norte? <\/a>Here are links to two related videos: The King of the North is Alive: What to Look Out For<\/a> and The Future King of the North<\/a>.
\nThe Great Monarch: Biblical and Catholic Prophecies<\/a><\/span> Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ?<\/a><\/span> and Great Monarch in 50+ Beast Prophecies<\/a>.
\nSatan’s Plan<\/a> Does Satan have a plan? What is it? Has it already been successful? Will it be successful in the future? Here are links to a two-part sermon series: What are Some of the Parts of Satan’s Plan?<\/a> and Satan’s Plan is More Dramatic than Many Realize<\/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>
\nBritish are the Covenant People <\/a> What do \u2018British\u2019 and \u2018Britain\u2019 mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
\nBrexit Happened: Now What?<\/a> At 11:00 pm January 31, 2020, the United Kingdom formally left the European Union. Many celebrated, while many mourned. Nigel Farage stated, \u201cThis is the greatest moment in modern British history.\u201d What will happen to the United Kingdom? Will the UK be involved in trade deals with the United States of America and the Europeans? Will the UK regret the BRitish Exit (Brexit) from the EU?What will happen with the European Union? Is Europe prophesied to have a great army and many ships? Does the Bible prophesy a reorganization of Europe? Does it prophesy that the Europeans will become a conquering military power? Is the United Kingdom prophesied to be conquered? How does the Bible name the British-descended peoples? Was the British Empire the largest in world history? Was Brexit predicted by Church of God leaders in 1970 and the early 1990s? Will the European Union be negatively affected financially by the departure of the UK? Will this turn out well for the UK or the Europeans? Dr. Thiel addresses these issues and more in this video.
\nCanada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada?<\/a> There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy<\/a>.
\nAustralia and New Zealand in Prophecy<\/a> Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy<\/a>.
\n<\/a>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? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2028 or or 2031 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>
\nMight the U.S.A. Be Gone by 2028?<\/a> Are there prophetic reasons to believe that the USA will not last two complete presidential terms? Yes. There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God\u2019s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it.<\/span> Here is a link to a related video: Is the USA prophesied to be destroyed by 2028?<\/a> In Spanish: Seran los Estados Unidos Destruidos en el 2028?<\/a>
\n<\/a>The Great Tribulation: What Happens First?<\/a><\/span> What events have happened? What are some events that are now happening? And what events need to happen for the Great Tribulation to start? Here is a link to a related sermon video: Counting Down to the Great Tribulation<\/a><\/a>. Here is a video in the Spanish language: Contando los eventos y el inicio de la Gran Tribulaci\u00f3n<\/a>.
\nWhen Will the Great Tribulation Begin? 2021, 2022, or 2023?<\/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 la Gran Tribulaci\u00f3n comenzar en el 2020 o 2021? \u00bfEs el Tiempo de los Gentiles?<\/a> A related video is: 2021: The Great Tribulation or the Great Reset?<\/a> Here is a video in the Spanish language: Es El 2021 el a\u00f1o\u00a0 de La Gran Tribulaci\u00f3n o el Grande Reseteo Financiero<\/a>.
\nIs a Great Reset Coming?<\/a> Klaus Schwab of the World Economic Forum has proposed a societal change that has been basically endorsed by the Vatican and many world leaders. Does the Bible prophesy a major reset? Here is a link to a related video: Will there be a “Great Reset”?<\/a>
\nBiden-Harris: Prophecies and Destruction<\/a> Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details.\u00a0 A Kindle version is also available 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 your free Kindle reader app (or if you already have one or a Kindle),\u00a0 you can go to: Biden-Harris: Prophecies and Destruction (Kindle)<\/a> to get the book in seconds.<\/p>\n","protected":false},"excerpt":{"rendered":"

(Pixabay picture) COGwriter The damage that the many governments have caused their economies because of their COVID policies is greater than many realize. One of the longer term damage is the accumulation of debt. A supporter in Europe tipped me off to the following: UK national debt SOARS to 99% of GDP, biggest deficit since […]<\/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-69890","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\/69890","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=69890"}],"version-history":[{"count":2,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/69890\/revisions"}],"predecessor-version":[{"id":69892,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/69890\/revisions\/69892"}],"wp:attachment":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/media?parent=69890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/categories?post=69890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/tags?post=69890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}