Looming Financial Collapse

GotGrace

Well-Known Member
Looming Financial Collapse
By Nathan Jones

Nathan Jones: The United States has reached a staggering $28 trillion in debt! Every nation in the world has also sunken grossly into debt. What does the Bible have to prophesy about a worldwide financial collapse? Is one imminent?

Let’s go all the way back to 1929 when the Great Depression started. The U.S. was only $16 billion in debt. Of course, that number is not adjusted for inflation. The debt equaled 16% of our gross domestic product. By 1979, the debt had reached $827 billion. Into the 1980s, due to the Cold War and the arms race, the debt really shot up.

Over the last 20 years, due to the War on Terror, which was basically paid by a credit card, and the Coronavirus pandemic, which has been dealt with by endless spending by the government, our national debt has skyrocketed to $28 trillion. This chart may have to climb even higher if the $3.5 trillion dollar infrastructure plan Biden wants is added.

Estimates show that by the time we reach 2051, the U.S. will be spending twice as much as the gross domestic product, which is the money that our national economy brings in. If something doesn’t change, the U.S. will become like Japan, a nation so in debt that they created loans that their grandchildren are required to pay off.

Source of the Problem​

Tim Moore: I think we are certainly leading to a national economic collapse. This issue is not just economic, but moral, because it is immoral to put such a horrific debt load onto our own children and grandchildren and even great-grandchildren. Our generation certainly will not be able to pay the current debt off in our lifetimes, no matter how much taxation the government piles onto the backs of working people.

The Bible does have something to say about this. It gives us a principle. Proverbs 13:22 teaches, “A good man leaves an inheritance to his children’s children.” In other words, a good man, meaning a righteous person, will not only save for their own future needs, but they will leave an inheritance, which is something that is of lasting value to their children and grandchildren. The opposite of that then must be true — an unrighteous man will spend up all of his children’s income.

And, that is exactly what we have done! There is no way we can pay off this level of debt, even if we divided it out among every man, woman, and child in the United States. So, this is something that will continue to burden the generations that come after us. This practice is so immoral.

Nathan Jones: Absolutely! Do you want a scare? Then, go look at the national debt clock as its numbers spin out of control. Remember, too, that our nation is not just paying off the $28 trillion, but there’s interest compounding on that amount.

Where does most of this debt money come from? It comes from bonds, in other words, a debt borrowed from US citizens, so the government has to pay us back using our own taxes. A trillion of that debt goes to China, so we are using our frenemies as lenders. I am reminded of Proverbs 22:7 which warns that the borrower is the slave to the lender. In truth, then, we are enslaved to China and all of our creditors.

Psalm 37:21 reveals, “The wicked borrow and do not pay back.” So, not only is it evil to create massive amounts of debt, but it is also wicked of those who are never intending to pay it back. Frankly, the way the government spends, they’ve shown no plans of ever paying it off.

Let’s not just point fingers at the government, but at ourselves, because outstanding is $12 trillion in personal debt, not counting mortgages, owed across America’s population. So, Americans spend on credit just as much as our government does. The Bible says that doing so is wicked.

Tim Moore: It certainly is wicked. The other reality is, and people don’t often think about this, but this kind of debt load, this kind of rampant spending on the part of those who have no constraint on their own behavior or their own spending habits, will also lead to inflation. Until recently, inflation has been something that we have not seen in this nation since the 1970s. In the 1970s, inflation was so high that it led to a sharp rise in interest rates. So, if you’d wanted to borrow money — no luck. I remember my parents buying a house in 1980 and the interest rate was approaching 20%. Our society today cannot even fathom that kind of interest rate. We’re hovering at around 3% right now.

Tim Moore: Exactly, inflation becomes the inevitable outcome of high debt. The sad thing is, for those who have been wise and frugal in their spending habits and have set aside money for their retirement or perhaps for their children, their children’s children will find that the value of their savings has depreciated very quickly because of the rising inflation.

The government actually has an incentive for increasing inflation, because if inflation increases, the value or the liability of this debt load goes down because the dollar has become more worthless. The government realizes that inflation comes in their favor, but it is in the disfavor of its citizens.

Americans need to be calling out to our elected officials saying, “Stop! Stop the foolhardy spending, because you are spending not only our seed corn, but you are also spending our children, grandchildren, and great-grandchildren’s future. Doing so is not only foolhardy, but it is immoral.”

The Idol of Self​

Nathan Jones: In Matthew 6:24, Jesus identified where the source of all of this spending comes from: “No one can serve two masters, for either he will hate the one and love the other, or else he will be loyal to one and despise the other. You cannot serve God and mammon (or money).” So, what we are really talking about here is idolatry. It’s not that we love money per se, but that we love what money can do for us.

We as a society, and frankly as a world, have raised ourselves up as gods and have removed the Almighty God from the center of our lives. If we trusted in God and put Him first, the money comes, and that’s fine. But, when we put ourselves first, then we’ve created an idol because we’ve placed ourselves at the center of our lives.

One of our nation’s Founding Fathers, Benjamin Franklin, once warned that a republic dies when the people realize they can vote the money out of the coffers. In other words, the people realize that they can vote the country’s budget to redirect the funds to themselves until there is nothing left.

The Prophesied Collapse​

Nathan Jones: Does this mean that our nation, and even the entire world, is speeding towards an inevitable financial collapse, maybe even another Great Depression, or worse?

Tim Moore: I really do believe we are speeding along that trajectory. This coming collapse is not only financial but even worse — the world is facing a spiritual collapse. Recent polling indicates that those on the Left are harkening more and more towards Socialism.

Look at history, look at what’s happened in Venezuela, where Venezuela was just a generation ago the richest country in South America, and then their foolhardy leaders embraced Socialism and took the country down the path towards bankruptcy. Instead of courting investments from local and foreign sources, the Socialist Venezuelan government started to eat up all of their own nation’s wealth by redistributing it. Instead of helping their masses, they impoverished everyone there. And so, Venezuela is a classic example of what happens when a quasi-capitalistic country that is very wealthy and is doing very well economically in terms of gaining prosperity but turns towards Socialism, becomes impoverished.

We are headed in that very same direction, and quicker than most people realize. I predict that not only will there be somebody like Bernie Sanders for president — a declared Democratic Socialist — but there will be an avowed Socialist who will gain sway in this country very soon because many on the Left are already clamoring for that kind of future. Socialism seems to be where all the energy is focused on moving this nation, spurred on by the Left.

Nathan Jones: Prophetically, this fits. Look at Revelation 6 and 13. These chapters reveal how in the future a one-world government will eventually rise as a financial collapse occurs. A one-world leader, whom the Apostle John calls the Antichrist, will step in and will promise to fix the world’s economy. He promises that the money will start flowing again and that the merchants will become rich.

Prophetically, then, inevitably all of the debt that has piled up beyond belief is going to collapse the economy of the world. This global crisis, I believe, will be triggered by the Rapture of the Church, causing the nations to cry out for a one-world order led by a one-world government.

According to the Bible, we know that this global economic collapse is going to happen, but we also know that God is sovereign. This collapse was prophesied to happen thousands of years ago, so we trust that God has got all of this under control. I believe that before the worst of this happens, the Church will be raptured up to Heaven.

What To Do​

Tim Moore: And so we go back to what Jesus Christ warned when He counseled us to not just store up our treasure in barns, and in places where moths can eat and rust can take away your possessions, but store up our valuables in an eternal investment. That means we place our spiritual treasures in Heaven and don’t rely on this world.

While we advocate for good financial policy nationally, individuals can engage in Financial Peace studies to learn how to stay out of debt. Even more importantly, we need to make sure that we are investing in eternal rewards, and that is done through Jesus Christ.

https://www.raptureforums.com/end-times/looming-financial-collapse/
I believe we are on the path of rushing financial instability that seems to increase more every day. I compare it to people that have a dozen credit cards with most of them maxed out and yet they keep buying stuff and taking fancy vacations. They don’t deny themselves anything. That is what the gov. does just keeps spending. If an attack happens to this country again I don’t know where the money will come from to recover from it.
 

Jan51

Well-Known Member
We do know that their will be a world wide economic system put into place, and in order for that to happen all of the old will be done away with and the mode of operation currently being used it seems they are intentionally CRASHING economies across the globe.

I don’t care if you have the perfect credit score, your submitted to your sovereignty and Western leaders are selling their citizens into having to submit to whom they are selling out to.

The Anti Christ will be worshipped! He will have global rockstar appeal.

Israel will de duped by him.

I believe the crash will set the stage for a “global jubilee” to be declared, and a universal basic income installed.

I believe that will seem messianic in its application.

people went crazy about toilet paper….when the moment comes that the Spirit of the AC moves forward with its evil plan I’m confident utter chaos will be dealt with with the same promises given to Our Lord in the wilderness.

They are gonna promise the world, Santa Clause has arrived.

its my hope that the rapture is the trigger!

I don’t believe the church will be here for that cause Jesus in describing the mindset of the time before the flood, said it was basically business as usual “and they knew not and the flood came and took them all away.”

The description is in what it will be like when The Day of the Lord begins

and has been compared….if you see Christmas decorations going up, how much closer is Thanksgiving?

I think we can see The Day of the Lord approaching on many fronts….Israel (Jacobs Trouble), national sovereignties yielding to global leadership, Apostasy in Jesus name, Nature roaring, War rumbling and economiIE crashing!

It sure makes you look around and say all I know to do is “LOOK UP!”
I agree completely, it is looking very bad from an earthly perspective, and when I say that, I do not in the least feel doomful or gloomful! I feel excited! I don't understand why some believers feel so anxious about everything that is happening, or about drawing attention to and discussing those things.
 

lightofmylife

Blessed Hope-Prepare To Fly!
I agree completely, it is looking very bad from an earthly perspective, and when I say that, I do not in the least feel doomful or gloomful! I feel excited! I don't understand why some believers feel so anxious about everything that is happening, or about drawing attention to and discussing those things.
Exactly, for Christians things aren't falling apart they are falling in place for our departure! :rapture
 

pixelpusher

Well-Known Member
I agree completely, it is looking very bad from an earthly perspective, and when I say that, I do not in the least feel doomful or gloomful! I feel excited! I don't understand why some believers feel so anxious about everything that is happening, or about drawing attention to and discussing those things.
Exactly, for Christians things aren't falling apart they are falling in place for our departure! :rapture
And if the bottom does fall out and ppl don't have their money to keep them secure, it may be a lot easier to lead them through that eye on the needle in some cases.
 

athenasius

Well-Known Member
I've been watching this financial situation on the verge of collapse for decades now. It ought to have popped long before now if normal economic laws were in play.

just for example 2008, 2020 both should have sent this mess sky high in an explosion of debt. But they didn't. They will at some point, but not when they should have.

That says to me that normal economic laws are NOT in play, and something else is going on. Some unseen hand is delaying things.

You might say RESTRAINING things, and that makes me think it's the Restrainer in action.

When we go up, it all blows up, and the global meltdown of every national currency will put the global, electronically based (and manipulated) currency into play.

This will require economic zones led by leaders who are fully on board with a globalist agenda in order to control that currency.

My guess, 10 leaders of 10 zones that cover the world.
 

Wings Like Eagles

Well-Known Member
I've been watching this financial situation on the verge of collapse for decades now. It ought to have popped long before now if normal economic laws were in play.

just for example 2008, 2020 both should have sent this mess sky high in an explosion of debt. But they didn't. They will at some point, but not when they should have.

That says to me that normal economic laws are NOT in play, and something else is going on. Some unseen hand is delaying things.a

You might say RESTRAINING things, and that makes me think it's the Restrainer in action.

When we go up, it all blows up, and the global meltdown of every national currency will put the global, electronically based (and manipulated) currency into play.

This will require economic zones led by leaders who are fully on board with a globalist agenda in order to control that currency.

My guess, 10 leaders of 10 zones that cover the world.
Yep--that's already baked into the cake. Each "toe" on the Beast is likely to be a "regional" government. I believe that the North American "toe" will include Canada, the U.S. and Mexico. But that government, along with every other man-made mess, will be smashed by Our Lord Jesus at His coming.
 

JStar

Well-Known Member
North American treaty is the plan. Could be open the southern boarders and let all the illegals in? In order to receive money, register and collect all the benefits. What a deal. Government is talking about giving a half million dollars out to each family that was separated during the Trump era... Serve in the military and we have to fight for benefits at VA. But thats where we are!
 

biblegirl

Well-Known Member
I've been watching this financial situation on the verge of collapse for decades now. It ought to have popped long before now if normal economic laws were in play.

just for example 2008, 2020 both should have sent this mess sky high in an explosion of debt. But they didn't. They will at some point, but not when they should have.

That says to me that normal economic laws are NOT in play, and something else is going on. Some unseen hand is delaying things.

You might say RESTRAINING things, and that makes me think it's the Restrainer in action.

When we go up, it all blows up, and the global meltdown of every national currency will put the global, electronically based (and manipulated) currency into play.

This will require economic zones led by leaders who are fully on board with a globalist agenda in order to control that currency.

My guess, 10 leaders of 10 zones that cover the world.
I think you are exactly right in saying that 'an unseen hand' is delaying the huge financial crash that we should have experienced already. I do believe that elitists leaders have deliberately been trying to crash the U.S. economy for some time (a strong U.S. nation stands in the way of their utopian one world government). The Biden administration seems to be going all out to cripple the American people in every way possible. Yet still, the crash has not come. I can only think that God is demonstrating that He alone is really in charge, and that He will only allow it to happen when He is ready.

I can't say for sure if the crash will happen before the rapture. Obviously, I hope it doesn't until after we are gone. I do think Matthew 24:38 has some interesting clues:

"As it was in the days of Noah, so it will be at the coming of the Son of Man. For in the days before the flood, people were eating and drinking, marrying and giving in marriage up to the day Noah entered the Ark, and they were oblivious until the flood came and swept them all away."

Jesus was telling us about the condition of society during the end times. To me, His description does not sound like a time of economic devastation and suffering. Instead, it sounds more like the people are careless and centered on enjoying the pleasures of this world. I take this to mean that worldwide, the economic crises won't set in until the actual tribulation time. Of course, it is possible that America could be economically destroyed before the rest of the world. That's not a happy thought, but it could happen. It may be however, that the crash could be triggered by the rapture itself, in which case Christians would not experience it. I'm selfish enough to hope for the second scenario. We just have to wait and see how it all unfolds.
 

Chris

Administrator
Staff member
Yep--that's already baked into the cake. Each "toe" on the Beast is likely to be a "regional" government. I believe that the North American "toe" will include Canada, the U.S. and Mexico. But that government, along with every other man-made mess, will be smashed by Our Lord Jesus at His coming.

Yes, the Club of Rome has written a report many years ago with breaking the world into "Ten Kingdoms" as seen below:

https://www.raptureforums.com/wp-content/uploads/2021/11/TheTenKingdoms.gif

You can see a similar image in the link below on the Princeton University website on page 12:

https://www.princeton.edu/~ota/disk3/1982/8212/821204.PDF
 

Matthew6:33

Withstand in the evil day. Eph 6:13
"As it was in the days of Noah, so it will be at the coming of the Son of Man. For in the days before the flood, people were eating and drinking, marrying and giving in marriage up to the day Noah entered the Ark, and they were oblivious until the flood came and swept them all away."

Jesus was telling us about the condition of society during the end times. To me, His description does not sound like a time of economic devastation and suffering. Instead, it sounds more like the people are careless and centered on enjoying the pleasures of this world. I take this to mean that worldwide, the economic crises won't set in until the actual tribulation time. Of course, it is possible that America could be economically destroyed before the rest of the world. That's not a happy thought, but it could happen. It may be however, that the crash could be triggered by the rapture itself, in which case Christians would not experience it. I'm selfish enough to hope for the second scenario. We just have to wait and see how it all unfolds.
I have heard this verse used as an argument against an economic collapse before the rapture. I am still on the fence about it. Of coarse I hope the financial collapse happens after we are gone but Jesus is speaking a parable. A parable is a figurative story using imagery so that the hearer would understand an overall point. I think in this parable the overall point is "business as usual" before the rapture.

Take this for what you will but I think even in an economic collapse things will still be business as usual. Maybe no filet mignon and fine wine at the wedding but people will at least be able to afford some beans, rice and maybe homemade wine? Maybe not business as usual physically speaking but maybe spiritually? Maybe despite economic collapse, people still don't seek God and are just worried about the dog-eat-dog? I don't know. But something we still need to consider.

This is my only hesitation with this verse as evidence.
 

Matthew6:33

Withstand in the evil day. Eph 6:13
I almost forgot but "coming of the Son of Man" also gives a clue. This is a term Jesus used to describe himself specifically to Israel. Israel for the most part, will not be part of the rapture because they still need to go through Jacob's trouble, be betrayed by the AC, and call out to the true Messiah to save them. The latter may be what "coming of the Son of man" is describing, not the rapture.

I guess one could argue that during the reign of the AC, things definitely won't be "business as usual" however for the first 3.5 years of the trib, before AC betrays them, Israel will be doing much better than the rest of the world, that's for sure. They may actually be pretty safe and prosperous. Things will change after AC shows his true blasphemous nature when he desecrates the temple and Israel remembers what Hanukah is all about.

Just some things to consider.
 

Footsteps

Well-Known Member
I've been watching this financial situation on the verge of collapse for decades now. It ought to have popped long before now if normal economic laws were in play.

just for example 2008, 2020 both should have sent this mess sky high in an explosion of debt. But they didn't. They will at some point, but not when they should have.

That says to me that normal economic laws are NOT in play, and something else is going on. Some unseen hand is delaying things.

You might say RESTRAINING things, and that makes me think it's the Restrainer in action.

When we go up, it all blows up, and the global meltdown of every national currency will put the global, electronically based (and manipulated) currency into play.

This will require economic zones led by leaders who are fully on board with a globalist agenda in order to control that currency.

My guess, 10 leaders of 10 zones that cover the world.
Exactly. Normal economic laws have never been in play for anyone in compliance with scriptural guidance regarding debt avoidance and enriching the spread of the Gospel rather than personal coffers:
Psalm 37:25
“I have been young and now I am old, but I have never seen the righteous forsaken, nor their children begging for bread.”
Philippians 4:19
”For my God shall supply all your needs through his riches in glory by Christ Jesus.”
The Restrainer protects God’s children from things that happen to those outside of God’s will. The Church will be gone when the A/C takes over.
 

Lovin Jesus

Well-Known Member
Exactly. Normal economic laws have never been in play for anyone in compliance with scriptural guidance regarding debt avoidance and enriching the spread of the Gospel rather than personal coffers:
Psalm 37:25
“I have been young and now I am old, but I have never seen the righteous forsaken, nor their children begging for bread.”
Philippians 4:19
”For my God shall supply all your needs through his riches in glory by Christ Jesus.”
The Restrainer protects God’s children from things that happen to those outside of God’s will. The Church will be gone when the A/C takes over.
Amen
 
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