America’s Looming Financial Collapse

James F. Gauss, Ph.D.
May 23, 2024

To whom can I speak and give warning?
Who will listen to me?
Their ears are closed
so they cannot hear.
The word of the Lord is offensive to them;
they find no pleasure in it.

Jeremiah 6:10

Although these prophetic words were spoken by the Jewish prophet Jeremiah over 2600 years ago, before the Jews of the Kingdom of Judah were taken into Babylonian captivity, the warning holds true for America today.

Our nation is facing many potential calamities this year, but we will focus only on the pending financial one for this posting. Most Americans are aware that the nation’s National Debt is rapidly approaching an incredible $35 trillion (about $110,000 per person in the US). That is the primary financial debt bomb reported by the government and national media. However, that is only the tip of a huge financial catastrophe awaiting Americans in the extremely near future.

In my second post of this new year, Will America Survive 2024?, I stated that 2024 could be the most dangerous year in American history and sighted the main reasons. Unfortunately, that assessment is becoming truer every day.

The National Debt, while alarming, is a microcosm of a much larger view. Make no mistake, the current administration in Washington, D.C. and our Congress have no will or determination to rein in the nation’s out-of-control spending or debt debacle. Despite America drowning in debt, the Biden administration is proposing a FY2025 budget of $7.3 trillion (about $22,000 per person in the US and 4.7% greater than FY2024). This despite the reality that the FY2024 budget has resulted in almost $2 trillion in spending beyond federal revenue. Every U.S. president (except President Clinton who achieved a one-percent decrease) back to Calvin Coolidge (1923-1929) added substantially to the nation’s indebtedness. Coolidge, the last Republican president to do so, added a surplus to the U.S. coffers and reduced deficit spending by 26 percent.

Fast forward and today presidents and politicians cannot save a penny, much less billions or trillions of taxpayer monies. They only look to spend increasingly to appease their constituents or advance their own wealth.

“From the least to the greatest,
all are greedy for gain;
prophets and priests alike,
all practice deceit.
They dress the wound of my people
as though it were not serious.
‘Peace, peace,’ they say,
when there is no peace.
Are they ashamed of their detestable conduct?
No, they have no shame at all;
they do not even know how to blush.
So they will fall among the fallen;
they will be brought down when I punish them,”
says the Lord.
This is what the Lord says:
“Stand at the crossroads and look;
ask for the ancient paths,
ask where the good way is, and walk in it,
and you will find rest for your souls.
But you said, ‘We will not walk in it.’

Jeremiah 6:13-16

So, what has the nation’s and the politician’s greed brought to our doorstep? Along the way political corruption has run deep and wide. Statesman who put the nation and its people ahead of their own desires and needs are rare, if not extinct.

Now for the rest of the financial picture. The annual interest to be paid on the National Debt is quickly reaching $1 trillion and now exceeds what is spent on the nation’s National Defense. Not a healthy or reassuring reality. Imagine what our economy would be like if we did not have to waste that money on debt service? America’s Total Debt (Household, Business, State and Local Governments, Financial Institutions and Federal Government) now exceeds $100 trillion, up $3 trillion since January. The Federal government’s Unfunded Liabilities (the Fed’s non-payable promissory note to hardworking U.S. taxpayers) is near $216 trillion, $57 trillion more than when Biden took office a little over three years ago.

Add to these harbingers of disaster, the nation’s growing energy crisis (we are importing more and more oil every month); a trade deficit that exceeds $1 trillion/year; over $8 trillion of our debt owned by foreigners (but China is selling off U.S. debt at a record pace); the de-dollarization of the world economy (a signal of the U.S. dollar’s anticipated collapse); personal debt skyrocketing; cost of living increasing; homelessness and those living in poverty increasing; U.S. food shortages likely; unemployment rising; increasing societal instability and a host of other negative financial realities does not bode well for a nation and its citizens who are facing the real possibility of a world war, terrorist threats and the invasion of millions of unvetted illegal immigrants who do not have American’s best interests at the heart of their agenda.

I appointed watchmen over you and said,
‘Listen to the sound of the trumpet!’
But you said, ‘We will not listen.’
Therefore hear, you nations;
you who are witnesses,
observe what will happen to them.
Hear, you earth:
I am bringing disaster on this people,
the fruit of their schemes,
because they have not listened to my words
and have rejected my law.

Jeremiah 6:17-19

If you believe God is going to bail us out of this mess, or as a Christian you will be “raptured” before it all comes collapsing down, you may be in for a rude awakening.

Pray for America! Pray for Israel! Most of all, pray for the sleeping church in America!

READ Revelation 18 and the Fate of America (2021 Edition) where all this was presented in 2013 and in 2021.

Available on Amazon in paperback and hard cover and on Barnes & Noble as an eBook.

Be sure to visit the author’s website for more offerings.

Also visit this developing link on survival resources.

China is NOT Our Friend: The Cox Report

James F. Gauss, Ph.D.

April 1, 2024

Be sure to check our NEW Survival Resources link and check back often for new additions.

In 2002, I wrote an unpublished three-part series, Red Star Rising: But is Anyone Watching? In the third part, I highlighted the dangers of the Clinton China Most Favored Nation decision on national security by summarizing parts of The Cox Report  of January 3, 1999 or otherwise known as The Select Committee on U.S. National Security and Military/Commercial Concerns with the People’s Republic of China (the reader is encouraged to read the informative report at the link provided above).

Excerpted from Revelation 18 and the Fate of America (2021 Edition), pp 112-113:

The Cox Report decisively revealed that communist  China or the PRC had been involved in intense espionage activities in the United States for a number of decades. However, the U.S. Intelligence Community did not discover such infiltration and theft of highly secret military technology until 1995.

“The People’s Republic of China (PRC),” a declassified overview of the report noted, “has stolen classified design information on the United States’ most advanced thermonuclear weapons.” Such repeated thefts “give the PRC design information on thermonuclear weapons on a par with our own.”

Despite the ease of such systematic thefts by Chinese  spies, the report glumly revealed that our security at national  nuclear weapons labs and our counterintelligence efforts do not even meet minimal standards to prevent such future penetration.

The report also detailed the illegal activities of a number of U.S. corporations, notably Hughes and Loral— with the interference-running of then President Clinton—in the transfer of sensitive technology that has greatly enabled the People’s Liberation Army to develop more efficient and more accurate long-range nuclear missiles that the PLA plans on aiming at the U.S.

On February 2, 1999 a testimony by Central Intelligence Agency (CIA) Director, George J. Tenet, before the Senate Armed Services Committee, warned of China’s potentially daunting military power of the near future.

“. . . Mr. Chairman,” Tenet cautioned, “we cannot, in focusing on [terrorism], overlook some more traditional concerns in two nations of critical importance to the United States: Russia and China.” Thanks, in part, to the hundreds of billions of dollars of foreign (and largely U.S.) currency flowing freely into China, the PLA was able to support a 17 percent increase in military spending. China’s increase in military spending and preparation has dramatically increased while U.S. military spending and support have dramatically waned during the past decade.

In January of this year, the Senate Select Committee on Intelligence released an unclassified version of the CIA’s most recent report titled: Foreign Missile Developments and the Ballistic Missile Threat Through 2015. The report is sobering and frank.

“The Intelligence Community [IC],” it stated in part, “projects that Chinese ballistic missile forces will increase several-fold by 2015, but Beijing’s future ICBM [Inter- Continental Ballistic Missile] force [will be] deployed primarily against the United States—which will number around 75 to 100 warheads—will remain considerably smaller and less capable than the strategic missile forces of Russia and the United States.”

In over twenty years of dealing with China as our Permanent Normal Trade Relations partner, America has gained nothing. Except  China continues to strengthen its economic and military strength over the U. S.; infiltrate America’s businesses, military and the willing politicians in Washington, D.C., while pilfering America’s sensitive military weapons and defenses, and establishing a firm foothold on American soil through real estate and business purchases and ventures.

____________

So, in over 25 years since the release of The Cox Report, what have our political and military leaders learned and achieved in an effort to protect America and Americans from one of our most formidable enemies? NOTHING!  Absolutely nothing!  Our nation has been thoroughly infiltrated by the Chinese (PRC) and its military operatives. China has completely moved into our Western Hemisphere; established military bases and seaports; secured many of our allies as their trading partners; continue to steal our military and corporate secrets; establish firm footholds in the Continental U.S. through land ownership, economic and residential (China-only) development zones; ship in thousands of uninspected shipping containers that are distributed throughout the U.S.; send hundreds of thousands of their citizens into our nation illegally and flood our country with millions of doses of the very addictively and deadly drug, fentanyl.

As if that is not enough, China controls—thanks to U.S. politicians, America’s corporate CEOs, greedy stockholders and a mostly ignorant public that glamor for cheap products—almost all of our electronics production, pharmaceuticals, toy production, and the list is unending.  Even much of the food we now consume comes from Chinese operated farms and factories either in the U.S., China or elsewhere under Chinese control.

The ultimate goal is to destroy America.  If not militarily, then economically, politically, socially and spiritually from within the country and from afar.  One of China’s most recent moves is to spearhead the destruction of the U.S. Dollar as the global reserve currency and they are well on their way to achieving that very soon with the full support of our nation’s enemies, and there are many.

Check out some of these resent headlines if you have time and interest.

 US general warns China is actively seeking to set up an Atlantic naval base

US says it blocked a China cyber threat, but warns hackers could still disrupt lives of Americans

Congressional probe finds communications gear in Chinese cranes, raising spying concerns

Map Shows Countries Where China Seeks Overseas Military Base

Alarming Rise in Military-Aged Chinese Men Entering US Illegally, Border Patrol Union Chief Warns

This is just a very small sampling of hundreds of article and investigative reports about China’s goals and objectives and how well and easy they have been able to achieve them thanks to our inept or complicit leaders in Washington, DC and elsewhere.

Related.

China IS NOT Our Friend

For more on what has been developing in the United States for years, where the nation is currently and where we are headed and how it fits into Biblical prophecy, read the author’s book, Revelation 18 and the Fate of America (2021 Edition) that is available on Amazon in paperback or hardcover or as an eBook on Barnes & Noble or Kobo.  Get your copy today!

Check out the author’s website and other book offerings.

Be sure to check our NEW Survival Resources link and check back often for new additions.