The World Is Teetering On The Edge Of Bankruptcy

 Setup For The Black Horse: The World Is Teetering On The Edge Of Bankruptcy- By Mark Hitchcock - https://harbingersdaily.com/setup-for-the-black-horse-the-world-is-teetering-on-the-edge-of-bankruptcy/ The global debt clock is spinning, reaching a record-high of $307 trillion this week. What does this mean? The amount of debt grew by around eight to ten trillion in just the first quarter of 2023 alone. It was recently reported that “The majority of low-income nations are on thecusp of a debt crisis, sparking fears of global contagion.” The global debt virus has infected the international economic system, and the world is teetering on the edge of bankruptcy, especially in many of these low-income nations.US debt just surpassed $33 trillion this week. Last month, Credit card debt, for the first time in American history, eclipsed $1 trillion. The US national debt is projected to exceed 100% of gross domestic product in the next two years. In around six years, the national debt is said to exceed its all-time highof 106% of the gross domestic product, which occurred in 1946, the year immediately following World War II. We know why we had so much debt then, but now it’s simply a result of runaway spending that politicians are not able to curtail. What’s happening now is the convergence of rising debt and rising interest rates, which is a deadly cocktail. 60% of American families live paycheck to paycheck. Think aboutthat—any kind of financial crisis can take six out of ten families under. Credit card debt in the US has been rising at one of the fastest rates in history as more Americans are leaning on their credit in the face of rising prices. We collectivelyown, as I mentioned earlier, over a trillion dollars. In January alone, credit card debt jumped more than 11%, and with interest rates rising, getting ahead of debt is getting harder and harder. Last year, the average credit card user was carrying a balance of over $5,500, up 13% from the year before in 2021. Even among the 18% of Americans making over $100,000 Ayear, 37% don’t pay their credit card bill in full every month. The share of credit card users in the United States who carry a balance has increased to 46% from just 39% a year ago. This is threatening our nation’s future. Financial ruin has catastrophic consequences. The cover of Newsweek from several years ago grabbed my attention. The front of the magazine read, “How Great Powers Fall,” showing an upside-down US Capitol standing on itsdome. The cover further displayed the quote, “Steep debt, slow growth, and high spending kill empires. And America could be next.” The featured article, written by Niall Ferguson, stated, “An empire at risk—We won the Cold War and weathered 9/11, but now economic weaknesses is endangering our global power.” Providing a history of how empires decline and die, Ferguson explained that the process “begins with a debt explosion and ends with an inexorable reduction in the resourcesavailable for the Army, the Navy, and the Air Force.” Debt becomes so high that you can’t spend the money you need to defend yourself. In the cases of Spain, France, and the Ottoman Empire, the explosion of debt brought their empires down. According to the article, “Habsburg Spain defaulted on all or part of its debt 14 times between 1557 and 1696 and succumbed to inflation due to a surplus of New World silver.” “Pre-revolutionary France was spending 62% of royal revenue on debt service by 1788,” the author described. Ferguson noted that the Ottoman Empire went the same way: “interest payments and amortization rose from 15% of the budget in 1860 to 50% in 1875.” The article concluded by saying, “Call it the fatal arithmetic or imperial decline without radical fiscal reform, it could apply to America next.” We don’t think very often of the ruinous consequences of runaway spending and the inability to rein in the massive debt we are compiling as a nation. It threatens our nationaldefense and makes people more willing to surrender freedom to the government. The more debt that individuals have, the more they will be willing to surrender their freedom to the government, if the government will help them get out of that debt. There’s a quote by a best-selling author named Robert Kiyosaki, “When people are struggling financially, they’re more willing to have a government save them, unwittingly exchangingtheir personal freedom for financial salvation.” It could be that we are looking at a global conspiracy. Do government elites want people to go further into debt because they will become more dependent on a government tosave them? And, of course, for the government to do that, there’s going to be a string attached of giving up other freedoms. In our world, which is teetering on bankruptcy with $307 trillion in global debt, think about what will result when the rapture happens. Think about the economic collapsein the United States and globally when all the salt and light in this world is extracted in a moment, in the twinkling of an eye. We know that during the tribulation period, the third horseman of the apocalypse is riding a black horse and carrying “a pair of balances in his hand” (Revelation 6:5) Revelation 6:6 KJV – “And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurtnot the oil and the wine.” A global economic Armageddon is coming. There will be an incredible polarization of wealth as the rich get richer and the poor get poorer. What we are seeing today is thesetup for the coming of the third horseman. I read a book several years ago by David Jeremiah titled “The Coming Economic Armageddon“. In it, he quotes a passage of Scripture which says: Luke 17:26-30 KJV – “And as it was in the days of Noe, so shall it be also in the days of the Son of man. They did eat, they drank, they married wives, they were given inmarriage, until the day that Noah entered into the ark, and the flood came, and destroyed them all. Likewise also as it was in the days of Lot; they did eat, they drank, they bought, they sold, they planted, they builded; But the same day that Lot went outof Sodom it rained fire and brimstone from heaven, and destroyed them all. Even thus shall it be in the day when the Son of man is revealed.” David Jeremiah went on to say, “The people who were living at the time of the flood and the destruction of Sodom and Gomorrah were simply living their everyday lives. Theyate, they drank, they married, they were given in marriage, they bought, they sold, they planted, they built. These people went on with their love for the good life as if nothing unusual loomed on the horizon. They refused to heed the warnings and kept ondoing what they’ve always done until judgment descended, and their window of opportunity closed forever.” “Today, the warning signs are clearer than ever before,” Jeremiah continued. “This should grip all of us with a sense of urgency about examining our lives and making necessarychanges in our priorities, [and] should spur us to a greater concern about the lives of those we know and love.” What we see today, happening globally and in our own country, with this debt explosion, is certainly a setup for what’s coming in the times predicted in Revelation chaptersix. ---------------------------------- Control Of Buying and Selling: IMF Seeks To Develop Global Platform For Central Bank-Controlled Digital Currencies � By David Bowen - https://harbingersdaily.com/control-of-buying-and-selling-imf-seeks-to-develop-global-platform-for-central-bank-controlled-digital-currencies/ The International Monetary Fund (IMF) is an organization of 190 countries that was formed in 1945 at the Bretton Woods Conference. Its purpose is to promote internationaltrade and stabilize world economies. An IMF report dated March 29, 2023, said, �The global central banking community is actively exploring Central Bank Digital Currencies (CBDC), which may have a fundamental impact on both domestic and international economicand financial stability.� This report also said, �Over 40 countries have approached the IMF to request assistance through CBDC capacity development.� A recent CBDC survey of 81 central banks, representing close to 76 percent of the world�s population and 94 percent of global economic output, found that �9 out of 10 centralbanks are now exploring CBDCs, with half developing or running concrete experiments.� What Does All This Mean? Central banks are increasingly pondering whether to issue digital currencies to the public. Here is the scary part: the IMF announced that they would not allow national currenciesfor member nations. This means that no government can have its own digital currencies. Instead, the digital currency will be a global currency. Last month at a conference in Morocco, IMF managing director Kristalina Georgieva told conference participants thatthe transnational agency is developing a global platform for central bank-controlled digital currencies. She publicly confirmed, �At the IMF, we are working on the concept of a global CBDC platform.� IMF member countries submit to annual �surveillance� (monitoring) of their policies by the IMF. Each nation�s policies and goals should connect all nations with a global currency,not �fragment� the world by using their own currency. If one works backward from Revelation 13, one can see how the Antichrist system is being developed right before our eyes. Digital Currencies and Digital Identification If (or, when) this system is implemented, these Central Bank Digital Currencies will impact all the residents of each IMF country. Every citizen will be required to possessproper �digital identification,� or they will not be permitted to access the new global digital financial system. When central banks all over the globe roll out their new central bank international digital currencies, to use those currencies, you must �provethat you are who you say you are.� The only way to do that is with the new global system of digital identification, which is currently in the process of being introduced. What About Here in the United States? This past May, a recent survey by the Cato Institute, a think tank in Washington D.C., revealed that only 16% of Americans would support the government issuing a central bankdigital currency. Why do 74% of Americans oppose a CBDC? Because they fear the government could control what they buy and sell. If you spend twenty dollars in cash, no one knows who spent it or what was bought with that twenty-dollar bill. However, that allchanges with CBDC. Not only would/will central banks have complete control of the rules and regulations, but they would also have the technology to enforce those rules and regulations. CBDCs would also abolish all U.S. cash and directly link citizens to thegovernment�s central bank. Will CBDC technology benefit Americans? That remains an open question. Some tout the potential benefits, while others warn of freedom-crushing financial bondage. In a June5th article in The Hill, Peter St. Onge pointed out, �Bureaucrats could prevent you from buying the wrong thing, from raw milk to gas stoves to firearms. They could stop you from donating to the wrong person, as we saw with the Canadian truckers. They couldeven force you to buy whatever a government bureaucrat tells you to.� From monitoring financial activity to freezing or seizing personal assets, CBDC offers a powerful tool for controlling the masses. Financial Trouble Ahead Whether we fully understand global digital currency or not, this is the direction the world is going. Not because governments or banks say so, but because Scripture says therewill be a one-world financial system one day. As for the marketplace, the Bible says that during the Tribulation no one will be able to buy or sell unless they have taken the Mark of the Beast (Revelation 13:16-17). In the Antichrist system, privacy and freedomwill be abolished Revelation 13:16-17 KJV � �And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that noman might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.� We are witnessing the technology for the financial system of the Beast develop before our eyes. The pieces really are falling into place. Thankfully, Christians will not bearound to participate the culmination of that one-world system, because Jesus has promised to rescue us from the wrath to come. And you can take that to the bank!