Archive for the ‘America’s National Debt’ Category

Are Americans Gullible or Deceived?

May 21, 2020

James F. Gauss, Ph.D.

Author of Revelation 18 and the Fate of America

May 21, 2020

 The fear of the Lord is the beginning of knowledge,

But fools despise wisdom and instruction.

Proverbs 1:7

(I am deliberately leaving out my sources to encourage you to do your own research. It is incumbent upon you to be diligent and wise. If not for yourself, think of the future this COVID-driven hysteria is creating for your children and grandchildren.)

I am a World War II baby, born right after the start of that Great War. I grew up in an era of contagious diseases. Polio and tuberculosis (TB), in particular, were the scourges of the country and there was nothing at the time to stop them. But there was also German (yes, GERMAN) measles, chicken pox, the mumps (all viruses) and the potentially deadly scarlet fever. These were the common plagues of my youth. Just about all my friends and myself contracted the big three—measles, pox and mumps. Admittedly, they could be serious, but usually not life threatening.

For those who came down with polio or TB, they received treatment and often with severe cases of TB, the sufferers were sent to TB sanitariums to help them get better. In some cases, the sick were isolated (quarantined), but the healthy continued life as usual. I vaguely remember being “quarantined” in the hospital for some reason as a young child. I remember being in a room (maybe ward) with other children with the same disease. But my family was not quarantined.

I get it! I understand that COVID-19 can be dangerous, and initially, little was supposedly known about it and its virulence. In the past, there have been far greater disease threats or other perils to the American public, but none of them resulted in a virtual complete shutdown of the American economy and way of life, or the freedom of movement and expression. Why? Why is this so different?

For you Trumpers out there (and I’m still one), I believe President Trump has been doing an Herculean job in trying to keep things together, but I believe he has been outnumbered, bamboozled and grossly misled, as well as outright lied to repeatedly, as have been the American people. Keep this thought in mind from here on: “Let no good crisis go to waste.”

Let’s be clear, “The Virus” did not create the crisis with which we now find ourselves trying to survive. Politicians and wayward health “professionals” did and continue to do. Politicians and medical “advisors” knew early on what we were dealing with, but instead of promoting calm and reason, ratcheted up the hysteria and misinformation on a 24/7 schedule ad nauseam. After three months of infection alerts, data accumulation and two months of “lockdown” the facts illustrate that COVID-19 is no more impactive than the annual flu. Hold on! Before you mask wearers get in an uproar. The “authorities” knew early on that COVID-19 was the biggest threat to the elderly or those with other morbidity issues (heart disease, diabetes, cancer, etc). The statistics bear that out. Depending on the sources and states one looks at, the vast majority of deaths that are COVID-related (85-90%) are in those two risk groups. Healthy seniors and healthy children and adults under age 65 are at very low risk for this disease.

Overall, across the country, less than 0.02% of people have confirmed cases, but not necessarily sick from the disease. Of those who actually have symptoms of COVID-19, again, less than 0.02% have died. However, here’s the caveat: the statistics for COVID-19 have been grossly skewed upward from the very beginning to mislead the public and maintain a certain level of panic among the populace. Don’t believe me? Do your own research. Medical professionals on the front line all over the country have been coming forward and testifying that they have been told, coerced or forced to code virtually every death during the COVID scare as a viral death. Check the CDC data for deaths from other causes, like heart attack, cancer, etc. during this period. Particularly, for high COVID-incidence states, like debt riddled and poorly governed New York.

It was recently revealed that in NY, as COVID deaths mounted, deaths from heart disease (down 85%) and cancer (down 87%) dramatically dropped. Hmmmm! How does that happen? People have less heart attacks during one of the most stressful times in the nation’s history? However, NY is not alone. Similar stats show up in other states and as a nation. Why would politicians and medical administrators want to artificially inflate the COVID numbers? On the political side, to keep the panic stoked so that they could push through their non-COVID political agenda while people were totally focused on this manufactured crisis. For medical facilities it was a survival strategy. Since the government put hospitals and clinics on lockdown except for COVID patients, hospitals and clinics were starving for cash. For each COVID patient, the government promised to reimburse the medical facility $13,000. For each patient they put on a respirator, they would get $39,000. However, now there have been reports, in which many patients have died, not from COVID directly, but from faulty or prolonged use of respirators.

I do not fault the medical institutions entirely. Mayo Clinic in Rochester, MN reported a few weeks ago that they expect to lose $3 billion this year. Many rural hospitals, already struggling financially, may have to close before this all settles out. And why? Because elite bureaucrats thought it was a good idea to hamstring every medical institution in the country and forbid them to carry on business as usual? Why not let each individual facility develop their own game plan that would enable them to survive and still serve their communities? Too much common sense or a plot of socialized medicine?

The Restaurant Debacle. Thousands of small businesses are falling prey to two months of closures. Thousands of restaurants, some in business for generations will never re-open. Many that do re-open may not make it to the end of the year under the draconian re-opening guidelines, unless they are very well capitalized. Restaurants (not the fast food guys) have already missed out on three big weekends (Easter, Mother’s Day and Memorial Day) in most states, plus millions of birthdays, weddings, graduations and other celebrations. With punitive re-opening guidelines by almighty governors that will make it nearly impossible to make a profit, it is hard to see many restaurants surviving. In Minnesota, for example, the governor’s new edict on May 20 will benevolently allow restaurants and bars to re-open on June 1, but only at 50% capacity (but no more than 50 people total) and only for outdoor patio “dine-in” or take-out customers. No more than 4 people per table (6 if family) and tables must be 6 feet apart. Apparently, it does not matter if your restaurant was designed to hold 25, 50, 100 or 500 diners, you are still limited to 50% and a maximum of 50 customers.

Both staff and customers must wear masks. In Minnesota, where there is maybe five months of clement weather, how many restaurants and bars have outdoor patios sufficient to replace only 50% of their clientele? Not too many would be my guess. In addition, not too many restaurants or bars can prosper at 50% capacity, especially during anticipated busy weekends. So sorry, but you may be saying goodbye to your favorite restaurant or restaurants forever.

Church. Now, here’s the real sore spot for me. With 501 c3 designation controlling the freedom of expression of most churches in America, the church, by-and-large has been indebted to the government, both state and federal. Many leftist democratic states are preventing churches from opening up as long as they can, and when they are “allowed” they face very restrictive “guidelines” that hamper their ministries. Minnesota, where churches have been forcibly vacated for about two months, is a good illustration. On May 20, Governor Walz (D-MN) offered up his umpteenth edict. While Big Box stores like Wal Mart and others have been allowed to stay open, where hundreds and thousands of people are in and out all day and night, churches have been shuttered. The overwhelming majority of churches across the country have readily complied, many even citing Romans 13 as their required act of obedience. But now, the patience is wearing thin and parishioners or congregants are putting pressure on their church leaders to get off the fence and do what Jesus would do for His people and His church.

Back to Governor Walz of Minnesota. Walz declared that churches, along with salons, gyms, tattoo parlors (yes, churches are linked to tattoo parlors, don’tcha know), fitness centers, theaters, etc. will have to wait until sometime this summer to possibly, maybe, receive their decree from the almighty powers to be, to re-open.

However, what will church look like in the post-virus craze? Right now, groups over 10 are verboten. Maybe 50 will be permitted. Some things are likely to be required. Maintain social distancing of six feet, wear your mask, and avoid all personal contact and no more than 25-50% capacity. Think about it, if you are a pastor or church member. How will this affect your church culture and cohesiveness? No more welcoming handshakes. No more nestling together with friends in the same pew or seating arrangement. No more extending the hand of fellowship as is common in many churches during the service. No more laying on of hands or group corporate prayer. What about your church choir or worship team? Will they have to be scaled down and forced to distance themselves from one another? Or will singing be allowed at all? What about communion? In most churches the communion elements are personally handled, even by others before you receive them. And, what about that bastion of church unity, the potluck or pot blessing? Is that now going to be scuttled into the dust bin of time? How can churches survive without their potluck dinners? What about bingo? Say it ain’t so, Aunt Sally! Will money now be designated by the state as “filthy lucre” and therefore be forbidden in the collection plate? Will churches succumb to being state run?

If churches and their leaders, both singularly and corporately, do not take a firm, whatever the consequences stance now, church as it was designed to be by Christ and as it should be, will disappear. We Christians will have no one to blame but our feeble selves.

Mask or not to Mask. If you feel more comfortable and safe wearing a mask, you go right ahead. But please, do not wear one when you are driving a vehicle or operating machinery of any kind. You could cause an accident, injure yourself or even die—yes, die. Look it up! Hundreds of medical professionals and researchers are finally coming forth with the truth. MASKS DO NOT WORK! They will not prevent you from getting COVID-19 or many other viruses. Members of Congress do not fully believe so. Many seem only to wear masks when they are in front of a camera, and then usually wear them incorrectly. They apparently are useless for felons since thousands of them are being sprung on U.S. citizens so they do not get the virus. Wake up folks. This is all a game and the American citizen is being shut out by a score of scads to nothing (zippo, nada, zero).

“Social Distancing,” the New 21st Century Self-Imprisonment. One way to destroy a society is to require that individuals distance, that is, disengage themselves from other people. It is not only demoralizing, but for some it can be extremely depressing and life threatening. Think about it. How many of our beloved seniors and younger, that have died (whether from COVID or something else) have died without family members at their side in the last 2-3 months? When has this ever happened in America? When has this ever been tolerated in America? NEVER! Will you allow it to happen again? Will you allow your mother, father, spouse, child to die alone? What about you? Would you want to die alone? The “powers to be” are shattering American society and far too many people are cheering them on. Socialization, whether at church, work, business, restaurants with family, friends or co-workers is the social fabric of America. It always has been, but will it always be? Only you can prevent it from disappearing from your life.

Destroying the Food Chain. Briefly. Destroy a nation’s food chain and resources and you can have the people on their knees begging for crumbs. It is outrageous, and sinful, that farmers all across the country have been forced to euthanize millions of hogs, chickens, cattle and other livestock because their processors were forced to shut down. In addition, farmers in southern states and out West were forced to plow under crops ready for harvest; dairymen had to dump millions of gallons of milk because they had no outlets. For the very first time in my eight decades on this good earth, I found meat departments empty or nearly so. Eggs not available. Chicken, an almost every day staple for many, scarce. In America? Can’t happen, you say. But wait, the worst is yet to come, say the “experts.” And they are likely correct.

Beholden to the Government. Most Americans, so distant from the reality of the United States Constitution, appear to applaud the government as their savior and prostrate themselves over every little crumb the Burgermeisters deem them worthy of receiving. This “crisis” is just one more giant step, not for mankind, but toward governmental serfdom and total dependence on a small select group of uncivil servants of the public. Just look at how simple and fast they got the American citizen, who is “guaranteed” unrestricted freedom and liberty, to completely shut down their daily lives and voluntarily accept near abject poverty, all for the “common good.” Within a scant two months, over 35 million formerly gainfully employed Americans were told to go home and stay there until “Big Brother” said it was okay for them to stick their heads out in public.

It was so easy, so quick and Americans were so compliant. Just imagine what we will be asked to give up next time and for how long. The stage is already being set for a “do over” in the fall or winter, just in case the unemployment starts to rebound.

Well, this is getting pretty long and there could be no end in sight if I continue. But think of everyday things you and I take for granted and how state and federal government are forcing changes you and I are not likely to embrace, in addition to those already addressed. What about our educational system? How will it be affected? Some primary schools are already discussing the continuance of “distance learning.” Some colleges and universities are talking about the possibility of not re-opening their campuses until 2022. And, my pet peeve: Many stores and shops used to have chairs or benches inside or outside for the weary traveler to rest an aching back or tired feet. Now, they have disappeared or made inaccessible. Are you kidding me! If you do not want to sit by me because you think I might give you the “plague,” fine, don’t. I enjoy solitude too. But why deny me a place to rest my weary body? This is just one of countless absurdities that is ruffling my feathers. But I’m sure you would have your list too if you would just take a minute to reflect. And don’t get me going on sport activities at all levels. Has that been destroyed too?

The “New Normal.” Almost from day one of the pandemic we have been assaulted with rhetoric, largely from politicians on the left, that there will be no going back to a normal life in America, but we will enter into a “new normal,” whatever that is. Are you comfortable with this new politically-defined life for you and your offspring? I, for one, am very disturbed and greatly irritated by this. You should be too. In case you have not noticed, your constitutional rights are being systematically stripped away one by one and far too many clueless Americans seem so very happy to have it happen as long as they perceive that they are safer now.

Who stands to benefit from this disaster? One group, I assure you, that will not benefit, and that is the American people. The democratic socialist Marxists, however, are squealing with glee. They have never had a greater opportunity to so easily pursue and implement their anti-American, anti-capitalist, anti-constitution agenda. This is THEE “never let a good crisis go to waste” crisis that they could not have fully imagined, yet have fully taken advantage. All that “stimulus” money to help the “po folk” was an illusion to permit them to load up with financial pork for their favorite cronies, abortion clinics and their ilk. All the while gleefully putting the American taxpayer on the hook for trillions more in unaffordable U.S. debt. How nice of them. A key objective, despite the immense pain for American households, was one last ditch effort to destroy the “Trump Economy.” Russia-gate did not do it. Ukraine-gate was a failure. Impeachment was a disaster. What’s left that could so utterly and rapidly destroy President Trump’s hallmark and re-election hopes? Need I explain further?

And, I have not even touched on the likely horrendous financial impact on Americans and America. However, if you have the fortitude, you could read the article linked below.

Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety.

Benjamin Franklin

Also read: Is America Headed Toward Insolvency?

 

Is America Headed Toward Insolvency?

May 8, 2020

Is COVID-19 and the Government Response Plunging America & Americans into Economic Ruin?

James F. Gauss

IRS Definition of Insolvency: When total liabilities exceed total assets.

Over eleven years ago, on January 3, 2009, I posted a short blog on “The Burden of Debt.”  It was right before President Obama’s first inauguration.  At that time the National Debt was $10.7 trillion and total debt as expressed in “unfunded liabilities” (the sum of all federal, state and local government debt, international, private household, business and domestic financial sectors—including federal debt to trust funds, such as Social Security and Medicare) was $53 trillion or $175,154/person.  By the end of 2015, according to Michael Hodges’ highly respected Grandfather Economic Report (the last one I could find), the total debt had risen to $70 trillion.

Where are we now? As of yesterday, according to the US National Debt Clock.org (https://www.usdebtclock.org/), the U.S. National Debt just exceeded $25 trillion or $201,724/taxpayer.  The huge increase is buoyed, of course, by unfettered government spending, the continued “War on Terror,” social welfare spending and now COVID-19 and the ill-advised shutting down of the U.S. economy coupled with trillions in “bailout” spending and political pork barrel largesse.

However, that is not the total picture.  America’s total debt has mushroomed to $147.4 trillion or $447,153/person and now exceeds Total National Assets of $144.2 trillion.  Is this sustainable?  I do not think so.

The Gross Domestic Product (GDP), or the total value of all goods and services in the U.S. for the year is currently $21.36 trillion, but thanks to the boneheaded response of politicians to COVID-19, the GDP is shrinking rapidly due to unemployment skyrocketing and businesses being shuttered and interstate and international commerce coming to a virtual standstill.  Tax revenues across the board (federal, state and local) are plummeting and politicians are scrambling to keep their “kingdoms” afloat and public services meaningful.  As a result, the U.S. Debt to GDP ratio has risen to 117.2% and continues to rise daily.  The same for the Total Debt to GDP, which is 132.5% and rising.  During the economic crisis of 2008+ many countries were economically destroyed with those levels of debt to GDP.

President Trump’s FY2020 budget of $4.7 trillion has been blown out of the water.  Official Federal spending is approaching $6.2 trillion with the worst yet to be figured into the over spending.  The Debt Clock estimates that “actual” spending figure is $6.75 trillion.  Clearly, the country and its citizens cannot afford this largely manufactured crisis.  What will be the ultimate outcome and how will Americans respond?

As of today, 33 million Americans have lost their jobs or been temporarily “furloughed.”  The US National Debt Clock site puts the “actual” number of unemployed at just over 40 million.  In January, the unemployment rate was a scant 3.6%, hovering around record lows. Four months later, at the end of April it had catapulted to a record high 14.7%.  It is feared that it will exceed Great Depression levels and rise to an incredible 25-30%.

Despite all this economic doom and gloom, the Democrats want to further their socialist agenda of economic enslavement with the announcement yesterday that they plan to push for another multi-trillion dollar “stimulus” package to bail out their failed democratic governors who mismanaged their state’s resources.  The financial and emotional burden being forced upon the American people is unconscionable and criminal and must be stopped.  The crushing weight is not only being shouldered by American families and taxpayers of today, but will crush the dreams of generations to come.

Check out my book, Revelation 18 and the Fate of America

Related links.

The Burden of Debt

America’s Financial Armageddon

America’s Financial Armageddon Re-visited

America’s National Debt–an Economic Gut Buster

What if . . .?

January 11, 2018

The main argument for unfettered immigration in the United States is that America has an ever shrinking workforce due to a non-replacement birth rate of 2.1 births per child bearing age women in the U.S.  There is no question that America’s birth rate is currently below replacement rate.  With more and more Americans opting to forego marriage and family or women choosing to have fewer children later in life, America’s fertility rate has been more or less on a steady decline.  So, the obvious solution is to bring in more and more immigrants, no matter where they are from or what their skill level or potential contribution to society and America’s well established culture and values.

There is, however, a simple (albeit, hind sighted) solution without having to unnecessarily import hundreds of thousands of immigrants who have no allegiance to America, its future and values.

Since the passage of Roe vs. Wade in January, 1973 (now, stay with me), there have been somewhere between 58 million and 60 million young American lives snuffed out in the womb or right after birth . . . deliberately.

What if these human beings were allowed to live, grow, eat, have health care, become educated, get jobs, raise families, etc.?  What might have been their financial contribution to America’s economy, much less to its inventions, education, scientific and cultural advancements and much more?

As a case in point, it has been estimated by various sources that it takes $250,000 to $300,000 to raise one child from birth through age 18.  (What follows is simple math, not intended to be 100% correct, but rather to make a thought-provoking point.)  In the past 45 years of U.S. abortions, the nation’s butchers have averaged 1.333 million inhuman endings to innocent life per year.  If those children had been allowed to exist, those raising them through age 18 purportedly would have added nearly $400 billion to the U.S. economy each year.

But wait!  What might these abortion survivors be contributing to the U.S. workforce and economy after reaching age 18?  The first year of Roe vs. Wade survivors reaching age 18 would have been 1991.  Inflation calculations and other variables aside, let’s say each survivor, on average, once reaching age 18 and beyond (to age 45 in 2017) contributed $30,000/year to the U.S. economy through work, education, purchases, investments, societal contributions, etc.  That total would come to about $40 billion PER YEAR (less in younger years, more in older years).  Each year post 1991 there would have been a “new crop” of 1.333 million 18 year olds hitting the U.S. economy, so that by the beginning of 2018, the combined impact of these 18+ year old survivors might have been $1.8 trillion toward America’s 2018 GDP.

I know this is gross over simplification, but you get the point: each person taken out from full participation in society, whether through abortion or some other premature death, not only has an emotional (and in the case of abortion, a moral) impact on family and society, but on the financial impact as well.

But what about the economic contributions of new immigrants?  Figures are equally hard to secure, but the latest figures I could find were that a 2011 federal report claimed that immigrants contributed an estimated $743 billion to the U.S. economy.  However, a 2012 report cited in the National Review and elsewhere, stated that “illegal” immigrants were costing U.S. taxpayers $113 billion a year in taxpayer funded benefits while at the same time paying little or no income taxes.  So, the net contribution of immigrants to the U.S. economy might be estimated at $630 billion, or one-third that of the accumulated contribution of non-aborted children.

Despite the fact that the foregoing statistics could be endlessly picked apart, I find the thought intriguing, if not morally astute, don’t you?  Let me know your thoughts.

Oh, and where would America and the Christian church be today as world leaders had they not submitted to a culture of murdering of the innocents?  Just saying.

 

Books by Gauss:  https://ampatriot.wordpress.com/books-by-dr-gauss/

 

Is It Time?

August 26, 2015

By the author of Revelation 18 and the fate of America.

[A fair warning.  This is long.  Sorry, but I just do not know how to cut short God’s word and His warning for the United States.  And let me make it clear, I do not desire America’s demise, but rather pray for her and the church in America to recognize her and its evil ways and repent and return to God and His ways.]

[Please note that this blog was started two weeks before the U.S. stock market started its meltdown on August 21.]

Is it time?  Is it time for God to judge America?  If not, why not?  There is a prevailing opinion (and it is only that) in America and among some Christian circles that God will not and cannot judge America because of her Christian heritage or the Christian faithful that live therein.  However, such a viewpoint contradicts biblical history and evidence, as well as modern and current history and events.

According to the Bible, the Jews were and continue to be God’s chosen people.  Yet, throughout the Old Testament and throughout history, the Jews have been continually persecuted and afflicted.  In the biblical accounts, God repeatedly chastised, judged and punished the people of Israel for disobeying His commandments; for rebelling against Him; for their sinfulness and perversions and for worshipping foreign gods.  When it comes to Christians, there is a 2000-plus year history of persecution, torture and death at the hands of non-Christians, which has intensified in the last three decades, largely at the hands of Jew-hating, Christian-hating Muslims.

In both the Old and New Testaments of the Bible it is made clear by God that He will not and cannot abide in the presence of unrepentant sin. America’s descent into wanton depravity and sinfulness parallels that of rebellious Israel in the Old Testament.  God repeatedly warned Israel about her rebellion against Him and turning to idols and godless behavior, but time and again they rejected God and His warnings through the prophets.

For decades now, America has been following the path of Old Testament Israel, with its rebellion against God and acceleration of perversions and godlessness reaching fever pitch.  Each time Israel fell away from God, God allowed judgment to fall upon Israel in the form of death and destruction by her enemies.  America’s enemies are lining up in queue (China, Russia, North Korea, ISIS et al), waiting for their opportunity to take on the ever weakening U.S.

America’s covenant with God.  Regardless of the repeated attempt by left-wing progressives (otherwise known as anti-American socialists) to revise America’s history, the undisputed fact still remains that those pilgrims from Europe that first landed on the East Coast of America over 400 years ago, planted the cross of Jesus Christ and made a covenant with Almighty God to found a just society of religious, political and social freedom.  That covenant—to establish a nation on biblical principles and to acknowledge Almighty God in all things—was repeated in word and affirmation by America’s founding fathers through numerous documents and declarations, including the Declaration of Independence and the United States Constitution.  Although not everything went according to God’s plan, those dedicated to God and His holy word put into place the greatest constitution and rule of law the world has ever known.  Patterned after biblical principles and law it set in place the mechanism for righting wrongs and securing individual freedoms like never before.

America and its leaders, including many in the Christian church, have broken that covenant with God, thus allowing America to plummet into the immoral, godless abyss of hell.  Each time Israel violated the covenant it had made with God, the people paid a heavy price, including the innocent and those that were considered the righteous before God.

America’s abominations.  America has not been content with bathing in her own abominations but has become the world leader in exporting her perversions of abortion, homosexuality, gay marriage, pornography, sexual immorality, destruction of the family and a host of other aberrations of biblical morality.

Pornographic web sites originating in the United States represent 60% of all the pornographic web pages viewed each day around the world.  Americans are so obsessed with pornography and elicit sex that even men and women of God have gotten snagged by the temptations.  It has led to such perverted web sites as Ashley Madison where over 39 million site users seek extra-marital affairs, including, it has now been discovered (due the site being hacked), members of the Whitehouse staff, members of the U.S. Congress and other government employees and high profile public figures.

One of the most recent egregious perversions was the 5-4 decision of the U.S. Supreme Court to approve homosexual marriage as the law of the land, thus overturning thousands of years of man-woman unions practiced by thousands of cultures since the beginning of time, and most importantly, spitting in God’s face and His design and law for marital union between one man and one woman.  To celebrate the court’s decision, America’s pseudo-Christian leader had the Whitehouse—“the people’s house”—lit up in gay pride rainbow colors, thus effectively jabbing the collective thumb of rebellion in God’s eye.

During the time of the prophets Jeremiah and Ezekiel, the Jews also jabbed their thumb in God’s eye repeatedly. Furthermore He said to me [Ezekiel], “Son of man, do you see what they are doing, the great abominations that the house of Israel commits here, to make Me go far away from My sanctuary? Now turn again, you will see greater abominations” (Ezekiel 8:6).

There seems to be no end and no limit to the level of sickening perversions that some Americans will seek.  Recently, in Times Square, New York, bare-breasted women paraded around in bikini briefs to earn money from men eager to have their pictures taken with them.  It is notable that none of them were arrested for such debauchery, nor did most pedestrians that were interviewed see anything wrong with it.

As God spoke to the prophet Ezekiel over 25 centuries ago, Now turn again, you will see greater abominations.  America has entered that perverted pit of no return.  Like Israel of old, she will not get out of the pit on her own, unless she wholeheartedly repents and turns to God.

The wickedness of the Jews and their pagan neighbors in the Old Testament is being played out once again in America.  God referred to the debauchery and sinfulness of Israel as harlotry 44 times in the Old Testament (NKJV).  It was detestable to God then; an abomination.  God’s laws and His righteousness have not changed.  If such sin was detestable to God then and an abomination, it certainly is today as well.  Will America receive the same judgment of God that Israel did?  Sadly, not only has America prostituted itself to the unbridled wickedness of the pagan world, but many churches and their followers who proclaim the name of Christ have done the same.

Slaughter of the innocents.  In my book, Revelation 18 and the fate of America, I wrote that abortion was akin to the child sacrifice that God abhorred in the Old Testament among the Jews and their pagan neighbors (p. 119).  Since 1973, America has been guilty of murdering (yes, murdering) over 58 million little children and has been the instigator for over 1.345 billion abortions worldwide.  How can God forgive such a heinous crime against His human creation?  No society in the history of the world has carried out such repeated acts of callousness and barbarity.  Should America not pay a heavy price for such wanton sinfulness and rejection of the life that God created in each instance?

God, speaking through the prophet Jeremiah about Israel’s sacrificing of their own children, had this to say: Because they have forsaken Me and made this an alien place, because they have burned incense in it to other gods whom neither they, their fathers, nor the kings of Judah have known, and have filled this place with the blood of the innocents (Jeremiah 19:4).  In the following verses God continues on how Israel will pay a heavy price for turning away from Him and committing such heinous acts of child sacrifice.

Through the prophet Ezekiel, around the same time period, God once again spoke this warning to Israel: You have become guilty by the blood which you have shed, and have defiled yourself with the idols which you have made. You have caused your days to draw near, and have come to the end of your years; therefore I have made you a reproach to the nations, and a mockery to all countries (Ezekiel 22:4).

The horrific undercover videos recently released that clearly demonstrate the barbarity of abortion and those who perform them without a shred of remorse or conscience demonstrates how debased our American society has become.  If you are a God-fearing Christian who professes Jesus Christ to be your Lord and Savior and yet you still support the Pro Choice agenda, Planned Parenthood and the anti-life, anti-God practice of abortion, or support those that do, you need to fall to your knees in heart-felt repentance and beg God’s forgiveness right now.  Nothing is more abhorrent to God than the taking of innocent life.  You can argue and rationalize all day long or until the proverbial cows come home about when life starts, but the truth is that life starts when God says it does, and that is at the very moment of conception.

Judgment starts with the House of the Lord.  In the Old Testament of the Bible there are numerous stories of how the Jews turned away from God and followed after the sinful, godless practices of their pagan neighbors.  Very often this turning from God was started by the very ones who were charged by God to keep the Jews on the narrow spiritual path of ordinances and statutes for godly living.  The spiritual leaders of the Jewish community, the priests, often became corrupted and strayed from their spiritual disciplines and led the people down the path of evil and debauchery.

The same appears to true today as more and more Christian leaders and Christian churches are prostituting themselves to the ways of the world and embracing government and societal dictates that clearly go against God’s laws and biblical teaching.

For the time has come for judgment to begin at the house of God; the Apostle Peter wrote, and if it begins with us first, what will be the end of those who do not obey the gospel of God? (1 Peter 4:17).

God holds the people of God responsible first because they are supposed to know better; to be able to judge right from wrong; light from darkness; truth from a lie and righteousness from sinfulness.  Moreover, He holds His spiritual leaders, the shepherds of His flock, accountable for the direction of His church under their watch.  Both Jeremiah 23 and Ezekiel 34 prophesy dire warnings to spiritual leaders who take advantage of their flocks or lead them astray.

God’s warning to Israel’s spiritual leaders through Ezekiel bodes well for America’s spiritual leaders today. Her priests have violated My law and profaned My holy things; they have not distinguished between the holy and unholy, nor have they made known the difference between the unclean and the clean; and they have hidden their eyes from My Sabbaths, so that I am profaned among them (Ezekiel 22:26).

I have said it many times and I will say it again: America has slid so far into sinfulness that she is beyond human intervention.  No minister, no politician, no one can save her from God’s pending judgment.  There is only one thing that can save America from destruction, however and whenever it comes, and that is for the Church of Jesus Christ to repent and call upon God’s mercy and forgiveness for allowing America to sink so far with the church hardly blinking an eye of protest or shouting a word of warning.

The often quoted verse from 2 Chronicles 7:14 makes God’s intent clear: if My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land. For America to avert God’s judgment, God’s people must first humble themselves before God and beg His forgiveness.  “For what?” you say.  First of all, for all the sins we have committed, either in fact or omission, as individuals or as the Body of Christ, which has allowed America to slide to where she is now.  For us as individuals and the Church as a body not speaking up in boldness and taking a firm stand against evil, unrighteousness and wanton godlessness that has swept our land into an ever deepening pit of hell.  Repenting for remaining silent (ourselves, our parents or our grandparents) while atheists won victory to remove prayer and the Bible out of our schools; remove the ten commandments and other biblical symbols from our town squares, military sites, etc.; allowing the horrendous act of abortion to become legal and take the lives of 58 million prospective citizens and God’s children; allowing the courts to re-define marriage; ignoring the unfettered attack on Christianity in America by the government, courts and society in general.  The list is very long, but if you are serious about taking up the cause of repentance, I trust God will show you what is needed.

The risk of abandoning Israel.  America cannot live on the pro-Israel accomplishments of the WWII generation that rescued the Jews and established the Jewish state of Israel.  America and some evangelical Christians are now abandoning Israel like never before and it will come with the steep price of God’s judgment against America.

America’s attitude toward Israel has drastically shifted under the current president and administration.  In a speech at the Adas Israel synagogue in Washington, DC on May 22, 2015, President Obama had the audacity to proclaim that, “I am the closest thing to a Jew that has ever sat in this office.” Like so many of his larcenous statements, not only was this one a farce and outright lie, but it was the furthest thing from the truth.  Obama is by far the most anti-Jew, anti-Israel president that America has ever had the misfortune of electing—twice.  He has repeatedly acted against Israel’s best interests; made public her military secrets (which should be an act of treason); sent billions of dollars to aid Israel’s enemies; actively supports the terrorist regime of Hamas in Gaza; criticizes Israel at every opportunity; supports and works for the “two state solution” (Israel and Palestine) which will greatly undermine Israel’s safety and existence.  If that’s not enough to verify his anti-Israel stance, he and his anti-Jew cohorts have “brokered” a deal with Iran—which every person with a speck of intelligence and wisdom, says is horrendous and a risk to the entire world—that just may assure that there will never be peace in the Middle East or the world.

President Obama addressing the Adas Israel congregation on May 22, 2015 wearing the Jewish yarmulke skull cap.

President Obama addressing the Adas Israel congregation on May 22, 2015 wearing the Jewish yarmulke skull cap.

Perhaps it should be no surprise that while Obama claims to be pro-Israel that his actions repeatedly demonstrate otherwise.  After all, he was born into a Muslim family; educated during his formative years in a Muslim school in Indonesia; admires Islam as a “religion of peace”; seems more comfortable among Muslims than Christians and surrounds himself with Muslim Brotherhood, anti-Jew advisors.  Notwithstanding, according to Obama, Muslims are the way they are because of the Christian crusades.

Such anti-Israel actions are not limited to America’s leader.  On May 16, Pope Francis reached out to the Palestinian terrorist leader, President Mahmud Abbas, calling him an “angel of peace”.  No real surprise since the pope and Catholic doctrine assert that Muslims and Catholics worship the same god and that Muslims are looked upon with favor by God.  Such a position is a strong slap in the face to the One and Only True God of the Bible, Jehovah God and His only begotten Son in Jesus Christ, whom the Muslims reject as the Son of God.

The only position or stance on Israel that counts is God’s position, and His position is that those who curse Israel or come against her are coming against Him. I will bless those who bless you [Israel], and I will curse him who curses you; and in you all the families of the earth shall be blessed (Genesis 12:3).

Separating the sheep and the goats.  A great sifting is occurring in the church in America.  Not everyone who calls Jesus “Lord, Lord” (Matthew 7:21-23) will inherit the kingdom of God.  The church in America has done a good job of preaching that one needs to call upon Jesus as the Savior of one’s life, but have poorly communicated that it is equally important to accept and follow Him as the Lord of one’s life.  Christians are called to follow Jesus as both Lord and Savior.  One without the other is ineffectual Christianity.

In Matthew 25:31-46, Jesus talked about His return and His judgment of all nations.  The sheep, those that truly followed Him as Lord and Savior, will be set on His right hand to receive eternal life with Him; the goats, those that rejected Him and refused to do His will, will be gathered on His left to receive everlasting punishment.

The Apostle James wrote, Therefore lay aside all filthiness and overflow of wickedness, and receive with meekness the implanted word, which is able to save your souls. But be doers of the word, and not hearers only, deceiving yourselves (James 1:21-22). Followers of Jesus Christ are called to be doers of the Word of God, not just to sit in the pews and say, “Amen!” on Sundays and then go forth to act and live like they never heard the Word of God at all.

Jesus and His apostles warned that in the Last Days many false prophets (teachers) would arise in an attempt to deceive His followers. Unfortunately, in America, many false teachers have emerged, teaching a false, diluted or polluted gospel that has been leading people astray from God’s truth and righteousness. They [false teachers] promise freedom, Peter wrote, but they themselves are slaves of sin and corruption. For you are a slave to whatever controls you.  And when people escape from the wickedness of the world by knowing our Lord and Savior Jesus Christ and then get tangled up and enslaved by sin again, they are worse off than before.  It would be better if they had never known the way to righteousness than to know it and then reject the command they were given to live a holy life (2 Peter 2:19-21; NLT). Despite centuries of the Gospel of Jesus Christ being preached in the United States, the Christian church has gotten weaker and its light grown dimmer as the world around it embraces ever greater depravity and unrepentant sin.

During the time of the prophets Jeremiah and Ezekiel and before the Jews were taken captive to Babylon, God revealed to Ezekiel that He was sending an angel to put a mark on the foreheads of the men who sigh and cry over all the abominations that are done within it [Jerusalem] (Ezekiel 9:4).  When destruction was to come upon Jerusalem and all Israel, those that mourned over her (the righteous) were not to be touched.  However, when God’s judgment came, God said it was to “begin at My sanctuary.” So they began with the elders who were before the temple (Ezekiel 9:6).  Once again, God’s judgment starts with those in His house and especially those who are shepherds over His people.

Not everyone who says to Me, ‘Lord, Lord,’ shall enter the kingdom of heaven, but he who does the will of My Father in heaven. 22 Many will say to Me in that day, ‘Lord, Lord, have we not prophesied in Your name, cast out demons in Your name, and done many wonders in Your name?’ 23 And then I will declare to them, ‘I never knew you; depart from Me, you who practice lawlessness!’ (Matthew 7:21-23).

Peace, peace.  The false prophet of peace in America has found a home in the heart and mind of America’s president.  Speaking before the United Nations on September 23, 2014, President Obama declared to the world that it was lot safer since he took office.  “As a result of this [international security] work and cooperation with allies and partners, the world is more stable than it was five years ago.”  Once again America’s deceiver-in-chief pontificating ridiculous words that all too many people actually believe.

When the Jewish leaders and their prophets proclaimed a similar assurance to the people, God spoke through the prophets Jeremiah and Ezekiel, saying, They have also healed the hurt of My people slightly, saying, ‘Peace, peace!’ When there is no peace (Jeremiah 6:14). Because, indeed, because they have seduced My people, saying, ‘Peace!’ when there is no peace . . . (Ezekiel 13:10).  In addition, those who were rebelling against God, ridiculing Ezekiel for prophesying “doom and gloom”. Son of man, look, the house of Israel is saying, ‘The vision that he sees is for many days from now, and he prophesies of times far off’ (Ezekiel 12:27). However, the rebellious soon found out that their destruction was not far off, but imminent.

Neither false prophets nor false leaders stand in the gap for their country.  God made this clear through the prophet Ezekiel. Thus says the Lord God: “Woe to the foolish prophets, who follow their own spirit and have seen nothing!  O Israel, your prophets are like foxes in the deserts.  You have not gone up into the gaps to build a wall for the house of Israel to stand in battle on the day of the Lord.  They have envisioned futility and false divination, saying, ‘Thus says the Lord!’ But the Lord has not sent them; yet they hope that the word may be confirmed.  Have you not seen a futile vision, and have you not spoken false divination? You say, ‘The Lord says,’ but I have not spoken” (Ezekiel 13:3-7). If this were to be paraphrased and put into context for America and the world today, it would go something like this: Woe to you foolish leaders who follow after your own narcissistic spirit and have knowledge of nothing! America, your leaders are like foxes in the hen house. They have not done anything to protect you or lead you in the right direction in preparation for the judgment of God. Their words and plans are worthless, providing false guidance. But the Lord God has not sent them or spoken to them. Yet they think their evil doings will prosper. They speak with deception and their plans are futile. I, the Lord God have not spoken to them.

Americans can rest assured on one thing: The majority of America’s political leaders, especially those in the Whitehouse, do not seek God for His wisdom. “How can you say that?” you might challenge. “Well”, I will counter, “just look at the results.” If our leaders were seeking God, America would not in the immoral cesspool she is in, nor financially and spiritually bankrupt.

And He said, “Go, and tell this people: ‘Keep on hearing, but do not understand; keep on seeing, but do not perceive.’ “Make the heart of this people dull, and their ears heavy, and shut their eyes; lest they see with their eyes, and hear with their ears, and understand with their heart, and return and be healed” (Isaiah 6:9-10).

America has no excuse.  America and Americans have no excuse for their godless, anti-Christ actions.  The Word of God has, perhaps, been preached and more widely available in America for over 400 years and since its founding than any other country on earth.

However, as it was mentioned earlier, God cannot abide in the presence of unrepentant sin. Something has to give and it will not be God.

Say to them: ‘As I live,’ says the Lord God, ‘I have no pleasure in the death of the wicked, but that the wicked turn from his way and live. Turn, turn from your evil ways! For why should you die, O house of Israel?’ (Ezekiel 33:11).

The Apostle Paul warned the followers of Christ almost 2,000 years ago that, The coming of the lawless one is according to the working of Satan, with all power, signs, and lying wonders,  and with all unrighteous deception among those who perish, because they did not receive the love of the truth, that they might be saved and for this reason God will send them strong delusion, that they should believe the lie, that they all may be condemned who did not believe the truth but had pleasure in unrighteousness (2 Thessalonians 2:9-12).  It would seem that America has, indeed, arrived at that point.

The Key to America’s Redemption.  God, speaking through the prophet Jeremiah, said: If I announce that a certain nation or kingdom is to be uprooted, torn down, and destroyed, but then that nation renounces its evil ways, I will not destroy it as I had planned.  And if I announce that I will plant and build up a certain nation or kingdom,  but then that nation turns to evil and refuses to obey me, I will not bless it as I said I would (Jeremiah 18:7-10; NLT).  Will America and the church in America be stubborn like Israel and refuse to repent or will she and the church acknowledge their wicked ways; repent and once again turn to Almighty God, the healer and reconciler of all things?  Time is running out and, as yet, there are few signs that either the church or America are ready to give in and repent.

In the midst of Israel’s rebellion against God, God spoke through Ezekiel and said, So I sought for a man among them who would make a wall, and stand in the gap before Me on behalf of the land, that I should not destroy it; but I found no one (Ezekiel 22:30).  Although there are a few Christian leaders, such as Rabbi Jonathan Cahn, Franklin Graham and others who have been blowing the trumpet of warning, both to the church and America, the church in America, for the most part, has been unmoved in a call to repentance and revival.  Instead, more and more churches and their leaders appear to be embracing the sinfulness of the world in which they live and minister.

God stands ready, willing and able to redeem that which is lost, but He will not act unless invited to do so. Behold, the Lord’s hand is not shortened, that it cannot save; the prophet Isaiah wrote, nor His ear heavy, that it cannot hear. But your iniquities have separated you from your God; and your sins have hidden His face from you, so that He will not hear. For your hands are defiled with blood, and your fingers with iniquity; your lips have spoken lies, your tongue has muttered perversity. No one calls for justice, nor does any plead for truth. They trust in empty words and speak lies; they conceive evil and bring forth iniquity (Isaiah 59:1-4). America and the church in America are running out of opportunities to reverse the current sinful slide. There will come a point (and it may already be upon us) when God can no longer tolerate the pervasive evil in the land and withhold His judgment—whether at His hand or at the hand of others that He allows to bring judgment.

The Lord is not slack concerning His promise, as some count slackness, but is longsuffering toward us not willing that any should perish but that all should come to repentance.

2 Peter 3:9

Related blogs:

Apostasy in the American Church, Part 2

Apostasy in the American Church, Part 1

A Depraved Mind

The Fundamental Changing of America

America’s Only Hope

Has God Forsaken America?

Can America be Saved?

How Evil Works and Prevails

God’s Judgment in One Hour (excerpted from Revelation 18, Chapter 13)

August 24, 2015

Therefore her plagues will come in one day—death and mourning and famine. And she will be utterly burned with fire, for strong is the Lord God who judges her. . . .

. . . standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’

Revelation 18:8, 10

In Revelation 18 it is stated that Babylon’s judgment will come swiftly—“in one hour”—and is mentioned twice in verses 8, 10 and 17.  But is that possible in this day and age?  The simple, direct answer is, yes, but first let us take a look at America’s financial foundation and the financial stability of the world before reaching any conclusions. 

United States of America’s National Debt.  On October 18, 2013 America’s National Debt was rapidly advancing past $17 trillion or 107 percent of GDP (Gross Domestic Product).  To gain a perspective on the significance of America’s debt one should look at the history of America’s indebtedness as well as compare the current national debt to that of some other countries.

At the end of 1929 America had just suffered a major financial collapse.  The national debt was a mere (by today’s standards) $17 billion or 16 percent of GDP.  By the end of 1933 and with advent of President Franklin Delano Roosevelt’s “New Deal” Great Depression recovery plan, the United States was $23 billion in debt or 40 percent of GDP.  At the end of 1941 and just after the country entered into World War II against both Germany (and the Axis powers) and Japan, the national debt stood at a manageable $49 billion or 39 percent of GDP.

The same prudence which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public moneys.

Thomas Jefferson, Letter to Shelton Gilliam, June 19, 1808

When World War II ended in 1945 at a cost of $296 billion for the United States, by the end of 1946 America’s national debt had soared to $269 billion and a historical high of 121 percent of GDP.  During the post-war recovery the debt remained relatively stable from 1946 to 1960, ranging from $252 billion in 1946 to $286 billion in 1960.  During the same period the debt to GDP ratio steadily declined from 121 percent to 54 percent.  During the decades of the 1960s and 1970s the debt grew steadily, but the GDP growth rate exceeded the debt growth rate so that the debt to GDP ratio dropped further to a post-World War II low of 31 percent by the end of 1981 but just before the recession of 1982 hit.

We must not let our rulers load us with perpetual debt.

Thomas Jefferson, Letter to Samuel Kercheval, July 12, 1816

Just before the start of Ronald Reagan’s first presidential term, the national debt had risen to just under one trillion dollars—$908 billion or 33 percent of GDP by the end of 1980.  During the Reagan presidency of two terms the national debt more than doubled to $2.6 trillion or 51 percent of GDP by the end of 1988.

During the two presidential terms of William Clinton the debt grew modestly from $4.4 trillion to $5.674 trillion while the debt to GDP ratio fell from 66 percent to 57 percent.  From 2001 to the end of 2008 (the George W. Bush presidential years) the debt climbed significantly to a little over $10 trillion or 70 percent of GDP.  Although this increase in indebtedness was dramatic, America was about to become shell-shocked.

With the election of Barack Hussein Obama in 2008 as the country’s president, America would witness the reality of a big-spending government behemoth like never before.  By July 4, 2013, less than six months into his second presidential term, President Obama has overseen the growth of the country’s debt to $16.9 trillion or 107 percent of GDP.  By the end of his second term (if the taxpayers allow him to get there), the national debt could well exceed $20 trillion.  If so, he will have accumulated more debt than all 43 presidents before him and the United States will be on the verge of financial ruin (if not before then).

Everett Dirksen, the former Republican who represented the state of Illinois in the U.S. Senate from 1951 until his death in 1969, when reflecting on the national debt in 1965 (which was $317 billion), told this humorous story, which he labeled “cat in the well”:

One time in the House of Representatives (a colleague) told me a story about a proposition that a teacher put to a boy. He said, ‘Johnny, a cat fell in a well 100 feet deep. Suppose that cat climbed up 1 foot and then fell back 2 feet. How long would it take the cat to get out of the well?’

Johnny worked assiduously with his slate and slate pencil for quite a while, and then when the teacher came down and said, ‘How are you getting along?’

Johnny said, ‘Teacher, if you give me another slate and a couple of slate pencils, I am pretty sure that in the next 30 minutes I can land that cat in hell.’

If some people get any cheer out of a $328 billion debt ceiling, I do not find much to cheer about concerning it. (Congressional Record, June 16, 1965, p. 13884).

In the world of American politics and financial mismanagement, the way to deal with the ever skyrocketing debt is not to restrain spending but just to raise the level of the amount one is allowed to spend.  A similar philosophy followed by the American taxpayer would soon land them in prison.

Debt to GDP Ratios Around the World.  The one most commonly used measure of a country’s economic health is the Public Debt to GDP (Gross Domestic Product) ratio or percent of public debt a country owes compared to their GDP.  Public Debt is the amount of money the federal government owes itself and other creditors.

With America’s debt to GDP ratio at 107 percent and rising daily, how does the country measure up to other developed countries, as well as third world or undeveloped countries? Global Finance reported on the Public Debt to GDP projections for 2014 for OECD (Organization for Economic Co-operation and Development) countries.  The OECD includes just about every developed and developing country in the world.  The debt to GDP for all OECD countries is projected to be 113 percent.

The worst country by far is Japan at 246 percent.  Japan is followed by the European Union countries of Greece (200%), Portugal (135%), Italy (131%), Ireland (128%), United Kingdom (114%), France (110%) and Spain (105%).  All of these Euro countries are in significant financial trouble and turmoil.  The United States is projected to be at 114 percent debt to GDP, the same as the UK.

Other European Union countries, such as, Switzerland (39%), Germany (85%), Sweden (47%), Norway (43%), Finland (54%), Denmark (48%) and the Netherlands (72%) are looking much better.

By comparison, how do some of our non-European allies and adversaries look financially?  Of the United States’ clear allies, Canada appears to be in the worst shape but still healthier than the U.S.  Canada’s projected 2014 debt to GDP is 86 percent.  Australia, a long term U.S. ally, on the other hand, is far healthier with only a 28 percent debt to GDP.  However, two of America’s long term antagonists and adversaries are also very healthy financially.  China has a 2014 projected meager debt to GDP of only 17.3 percent and its neighbor to the north, Russia, at merely 10.8 percent.  Ironically, the United States has not been near that level of debt to GDP since the financial crash of 1929 when debt to GDP was at 16 percent.

Clearly, the majority of America’s long-standing allies in Europe are battling tremendous financial pressure, while its two largest and most bellicose decades-long enemies are financially strong and in a much better position to threaten the United States at every level of diplomacy or future military confrontation. . . .

The Derivative Financial Volcano.   Men around the globe in general and Americans in particular, in their greedy quest for wealth and more wealth, have been led and known to do some very foolish things.  It was greed that led, in part, to the “Crash of ‘29” and the ensuing “Great Depression”.  It was greed that led to the real estate and banking collapse in 2008.  The only question is not if another financial collapse will come, but how soon?

In the Bible there is a stark warning to all those who make money their god.  In his first letter to his disciple, Timothy, the Apostle Paul wrote: “But those who desire to be rich fall into temptation and a snare, and into many foolish and harmful lusts which drown men in destruction and perdition” (1 Timothy 6:9; author’s emphasis). Paul knew human nature and that the temptation to be rich was more than most men could deny. “For the love of money is a root of all kinds of evil,” Paul continued, “for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows” (verse 10; author’s emphasis).

It is not money that destroys men’s lives—we all need a form of money to live—it is the love of money that draws men to do all kinds of evil.  “But you, O man of God,” Paul warned, “flee these things and pursue righteousness, godliness, faith, love, patience, gentleness” (1 Timothy 6:11).

Because of modern man’s lust for money and more and more of it, there is one foolish financial move over the decades that could come back to haunt him and financially destroy the big and small fortunes of millions of people and the hopes and dreams of current and future generations for years to come.

So, what exactly is a derivative?  They were at the center of the 2008 real estate and banking collapse. A derivative is a type of options contract—a gamble that some underlying investment will go up or down in the future. Derivatives are largely “imaginary” investments with little or no intrinsic value.  In essence, rather than a true tangible investment, they represent more of a “crap-shoot”—a horrific gamble by men driven by an insatiable appetite for wealth and more of it.  The future impact, when the derivative market unravels, will be catastrophic and unfathomable.

Steve Denning, in an article for Forbes, in an explanation for the financial collapse of 2008, wrote “the warning signs were everywhere: too much borrowing, foolish investments, greedy banks, regulators asleep at the wheel, politicians eager to promote home-ownership for those who couldn’t afford it, and distinguished analysts openly predicting this could only end badly.

The worldwide derivative estimate: $600 trillion to $1.5 quadrillion (that is $1,500 trillion or 1.5 followed by 15 zeroes). At the upper estimate, the financial risk is 20 times the entire global GDP, which was estimated to be around $75 trillion in 2012.

“. . . The root cause wasn’t just the reckless lending and the excessive risk taking,” Denning explained. “The problem at the core was a lack of transparency” [among financial institutions].

The worldwide exposure to derivatives is anyone’s guess.  Estimates range from $600 trillion to $1.5 quadrillion (that is $1,500 trillion or 1.5 followed by 15 zeroes).  At the upper estimate, the financial risk is 20 times the entire global GDP, which was estimated to be around $75 trillion in 2012.  No one really knows what the world financial markets exposure is to these worthless financial “investments”.

The Current Problem:  Many financial analysts and financial writers like Denning are warning that the next financial crisis, which they see as imminent, will make the burst of the financial bubble of 2008 look like a blip on the financial radar screen.

Denning points out that one financial institution alone, JPMorgan, at the end of the third quarter of 2012, had a “notional” (that is, “imaginary” or “speculative”) exposure to derivatives of $72 trillion or about five times the world economy at that time.  According to the United States Controller of the Currency office, at the end of 2012, American banks held an astounding $223 trillion in “notional” derivatives with only four of the nation’s largest banks holding 93 percent of the total.

The Flash Crash and Electronic Meltdown—In One Hour.  So, is it possible, in this day and age, for America’s financial system and that of the world to collapse in one hour?  Absolutely!  Not only in one hour, but perhaps in a matter of seconds. With absolutely everything tied together by computer systems, electricity and electronics it would not take much to create havoc with a nation’s or the world’s financial system and life in general.

On July 29, 2013 a panel of experts convened in Washington, DC to consider the level of the threat on the U.S. infrastructure via an electromagnetic pulse (EMP) attack, whether naturally occurring or via terrorists or a nation-state.  The panel included R. James Woolsey, former Director of Central Intelligence under President Bill Clinton; former Speaker of the House, Newt Gingrich; Ambassador Henry Cooper, former Director of the Strategic Defense Initiative Organization under President George H. W. Bush and Dr. Peter Vincent Pry who served on the Congressional EMP Threat Commission.

They assessed America’s vulnerability to a natural or enemy attack by means of an electromagnetic pulse coming from the sun or a nuclear device.  They concluded that the U.S. is extremely susceptible to EMP disruptions whether natural or from a lone terrorist or a rogue government.

On a smaller, local scale, many people have had the experience of a temporary interruption in electrical power or use of electronic devices due to a powerful thunder (electrical) storm.  On a grander scale, such interruptions can be caused by the electromagnetic pulses sent from the sun as a result of solar flares or solar storms.  Such natural EMP events can be regional or wide spread; can be minor inconveniences or devastating.

Mr. Woolsey pointed out that an EMP event originating from the sun struck the electrical grid in Quebec, Canada on March 13, 1989.  The solar geomagnetic storm resulted in the blackout of eastern Canada and billions of dollars in economic losses.  Within two minutes the entire Quebec power grid was shut down and millions thrown into darkness and winter cold.  Schools, businesses and transportation hubs were closed.  The impact affected some northeastern U.S. power grids as well.  The energy released during the event was estimated to be like thousands of nuclear bombs exploding.  The geomagnetic storm that it created resulted in spectacular “northern lights” being seen as far south as Florida and Cuba.  Over 200 power grids from coast to coast in the United States experienced disruptions.   Even some satellites were affected, tumbling out of control for several hours.

Although such solar geomagnetic events are relatively rare, Mr. Woolsey warned . . .

For more on America’s financial crisis, read Revelation 18 and the fate of America.

America’s National Debt—an Economic Gut Buster

June 20, 2015

Government debt threatens to send U.S. economy into death spiral, CBO warns

Washington Times, June 16, 2015

Budget office: U.S. debt picture has “worsened dramatically”

Washington Examiner, June 16, 2015

The United States of America hit its debt limit of $18.113 trillion (the amount of borrowing authorized by Congress) on March 15, 2015.  Since 1960, Congress has permanently raised, temporarily revised or extended the debt limit 78 times.  However, this time, three months after the deadline, Congress has failed to act and approve a new debt limit.

The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007–2009 recession and slow recovery. Between 2008 and 2012, financial turmoil and a severe drop in economic activity, combined with various policies implemented in response to those conditions, sharply reduced federal revenues and increased spending. As a result, budget deficits rose: They totaled $5.6 trillion in those five years, and in four of the five years, they were larger relative to the size of the economy than they had been in any year since 1946. Because of the large deficits, federal debt held by the public soared, nearly doubling during the period. It is now equivalent to about 74 percent of the economy’s annual output, or gross domestic product (GDP)—a higher percentage than at any point in U.S. history except a seven-year period around World War II (Congressional Budget Office report, June 16, 2015).

America’s financial condition is so dire that it led to Bill O’Reilly of Fox News to opine on his June 17 Talking Points that perhaps it was time for Americans to flee America.

The National Debt—which now stands at $18.271 trillion as of June 18 or 30% of the total $61 trillion in debt the world’s countries hold—as bad as it is, it is only the tip of the financial iceberg.  Although the ND now exceeds America’s Gross Domestic Product (GDP) by 102.74%, it pales in comparison to the real total liability of America for what is referred to as “Unfunded Liabilities” such as Medicare, Social Security, Medicaid, Obamacare, et al.  That debt liability is nearing $97 trillion.

The interest on the base National Debt of $18+ trillion in 2015 is estimated to be between $229 to $245 billion and skyrocket to about $808 billion by 2025.  All this mountain of debt along with Obama’s regulation-happy administration is strangling the economy, which actually shrunk by 0.7% in the first quarter of this year.  Prospects for growth in the second quarter are not that rosy either.

However, the “unfunded liability” debt may also be under-reported.  In a recent study released by economics professor, Laurence Kotikoff of Boston University and Adam Michel of the Mercatus Center at George Mason University, they calculated that the true national debt of the United States is $210 trillion or 12 times America’s GDP.  This is truly an insurmountable level of debt that will burden the U.S. economy for decades to come.  With the unwillingness of Congress or the American people, in general, to tighten spending, reduce the standard of living or dramatically increase taxes, the American economy will continue to spiral downward.

Currency & Credit Derivatives.  The United States’ stake in derivatives or “Credit Default Swaps” (CDS) is up 553% since 2000 to $592.57 trillion.  Worldwide, the derivative mess has been reported to be about $1.5 quadrillion (that’s $1,500 trillion or 1.5 followed by 15 zeros) or 20 times the gross domestic product of the entire world.  This is a financial powder keg waiting to explode.

What is a derivative?

They were at the center of the 2008 real estate and banking collapse. A derivative is a type of options contract—a gamble that some underlying investment will go up or down in the future. Derivatives are largely “imaginary” investments with little or no intrinsic value.  In essence, rather than a true tangible investment, they represent more of a “crap-shoot”—a horrific gamble by men driven by an insatiable appetite for wealth and more of it.  The future impact, when the derivative market unravels, will be catastrophic and unfathomable (Revelation 18 and the fate of America, p.240).

The World at a Glance.  The reality is that there is not one country of significance that is not carrying a national debt.  Even much ballyhooed Chinese are holding $5.25 trillion in debt, or 64% of their GDP.  Russia’s debt is considerably smaller at $241.6 billion or only 11% of their GDP.  Japan is in a real fix with $10.14 trillion in debt or 200% of GDP.

America and the world did not get here over night.  It has been a decades’ long slide of financial miss-management of mammoth proportions.  As far as America is concerned, the financial slippery slope has been so well and thoroughly greased that any upward climb will be impossible without draconian financial measures that no one even wants to think about, much less implement.

With much of America’s manufacturing gutted since the Clinton administration, and others that followed, by foolish trade agreements that sent thousands of businesses abroad, along with millions of American jobs, America’s economic recovery will be extremely difficult if not absolutely impossible.

While the generation that built the world’s greatest economy is on the way out, the users and abusers of it are growing.