"Experts Warn U.S. In Financial Death Spiral"

Financial analyst John Rubino believes the U.S. government is "running crisis-level deficits" and warns against being fooled into thinking the economy is improving.

According to Rubino,

"The official U.S. debt is $33.5 trillion. It's growing by $1.7 trillion a year and $1 trillion of that is interest...that means we are in a financial death spiral. The debt goes up, the interest on that debt goes up and that raises the debt even further, and you just spiral out of control. Then throw in this incredibly reckless military spending in the guise of foreign aid, and you get a society that has completely lost control."

Rubino warns we are in the "blow off" stage of a 70-year credit super-cycle that is sure to end "with a bang."

Financial writer, trader and analyst Rick Ackerman agrees. His prediction? A "deflationary end" to our debt-bloated financial system. In fact, Ackerman says things have gotten "far crazier" than he could have imagined, and he believes a lot of jobs will disappear.

"On the scale I believe it has to happen, it looks like a barter economy. We are talking about kind of a Stone Age...Imagine that kind of disposable cash taken out of the economy. It has more than a ripple effect. It has a tsunami effect. Everything downstream collapses too."

Unfortunately, that usually means deflation in things you own, but inflation in things you need.

And then we have Martin Armstrong, famous for his long term financial forecasts, seeing "chaos" on the horizon. Not just in the U.S., but globally, caused by the destabilization of conflict and war. He believes governments will be pushed to the limit and the spending will become "unsustainable."

In the U.S., "A debt default will tank the economy and make millions of Americans poor and broke overnight." And while Armstrong believes America will be the last to go down , eventually, he thinks, we will.

Bottom line? Trust God.

A wise man once said: "The next financial crisis will not be merely a bigger version of the 1998 and 2008 crises, it will be qualitatively different. It will encompass multiple asset classes on a global scale. It will exhibit inflation not seen since the 1970s, insolvency not seen since the 1930s, and exchange shutdowns not seen since 1914. State power will be summoned to contain the panic." -- Jim Rickards, Chief Global Strategist, Meraglim

"Don't worry about anything, instead, pray about everything. Tell God what you need, and thank Him for all He has done" (PHILIPPIANS 4:6).

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News:

• Reuters: US consumer spending cools; labor market gradually slowing
• Moneywise: Almost one-third of Americans earning $150,000 living paycheck-to-paycheck
• Bloomberg: Biggest Cimate Talks Ever Confront Global Chaos and Record Heat

 

"Israel: Ground Zero"

The nation of Israel is ground zero when it comes to biblical prophecy. They are the target of hundreds of predictions both past and future. It is impossible to over-emphasize their importance, as all of scripture revolves around Israel. In fact, all the world's population is divided into only two categories: One is either a Jew, or a Gentile.

The descendants of Abraham, Isaac, and Jacob have phenomenal (read  miraculous) staying power. What other nationality has been destroyed as a nation (not once but twice!) and survived to re-establish themselves? Not one, not ever. The Jews spent a total of 2600 years scattered throughout the world and yet they retained their national identity. The history of the Jewish people is a fascinating study--not because their survival is amazing, though it is--but because every detail of it was prophesied beforehand. We believe this to be one of the greatest proofs of God's existence.

Let's start with the call of Abraham and Sarah. God promised they would become the parents of a new people (the Jews) and that He'd give them a new land (Israel) and through their descendant (Jesus), all of the families of the earth would be blessed. (Genesis 12). There was only one problem--Sarah was barren. Of course that little detail only made things more interesting. Though it took a while, God fulfilled this promise when Sarah conceived a child at 90 years old and Abraham was as good as dead, at 100.

Why would God wait so long? To test their faith and to make sure everyone understood this was a bonafide miracle.

Then there was Moses. He had the job of leading the Hebrew people into the Promised Land (Israel). Promised by God to His chosen people forever.

Deuteronomy 7:6, says, "For you are a people consecrated to Adonai your God: of all the peoples on earth Adonai your God chose you to be God's treasured people."

Unfortunatly, God's chosen people didn't always choose God, and  it was prophesied that Israel would be scattered among the nations two times as a punishment, and then be regathered again (for the last time) "in the latter days" (Deuteronomy 4:27-31). 

This prophecy was fulfilled on May 14,1948.

This gives you an idea of how detailed and on-target these prophecies were. Can there be any doubt prophecies concerning the future will be just as accurate?

If so, don't expect the world to go back to normal anytime soon. In fact, things will continue to spiral in a horrific downward trajectory as we enter into the concluding 7 years of world history.

Meanwhile, God warned the Israelites repeatedly of the consequences of disobedience: the end times will be brutal for them. Antisemitism will rear its ugly head among a God-hating world. The Jews will be attacked on all sides and the nations of the earth will eventually come against them in the final battle of the Tribulation known as Armeggeddon.

The good news? The Lord Jesus Christ will intervene, bringing an end to the destruction and preserve a remnant of God's chosen people for His Kingdom.

"For then there will be great tribulation, such as has not been since the beginning of the world until this time, no nor ever shall be. And unless those days were shortened, no flesh would be saved; but for the elect's sake those days will be shortened" (MATTHEW 24:21-22).

A wise man once said: "If any other country received a massive, unprovoked rocket (and terror) attack aimed at its civilian population, the world would be outraged. Leaders would be stepping all over one another in their rush to condemn such barbarity. But in this case, the world mostly condemns Israel...for defending itself!" -- Hal Lindsey, author

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News:

• FDD: Iranian-backed proxies, Hezbollah escalates attacks toward a regional war with increasing threats to Israel and the United States
• Jewish News: Iranian president calls to eliminate Jewish state
• X Post: Iranian Foreign Minister: "expansion of war inevitable"

 

"Is Israel About To Destroy Damascus?"

Did you know that one out of every four verses of Scripture is predictive? And while roughly 80% of these predictions have already happened, there are still hundreds of prophecies yet to be fulfilled.

For instance, Isaiah 17:1 predicts the destruction of the city of Damascus: "Behold, Damascus will cease from being a city, and it will be a ruinous heap." 

Damascus lies sixty miles northeast of the Sea of Galilee and is the capital of Syria. It is one of the oldest cities in the world and this prophecy against it has never been fulfilled.

Rumor has it (along with alleged-Israeli satellite photos) that in 2003, Saddam Hussein trucked his WMDs to Damascus and hid them throughout the city before the U.S. led invasion of Iraq.

Fast forward to the current Israeli war. Israel must engage Hamas in Gaza to its south even as skirmishes keep the IDF busy with Hezbollah in Lebanon & Syria in the north.  

Meanwhile,Israel has made it known that Damascus is in the cross- hairs should Syria be tempted to escalate rocket attacks. And if the rumors of WMDs are true, it wouldn't take much to blow that city to smithereens. 

While the timing of Isaiah 17:1 remains a mystery, its inevitability does not. The deteriorating relations between Israel and her neighbors, along with the instability of the entire region, should make one reconsider living anywhere near the city of Damascus.

A wise man once said: "I believe that Damascus is about to so threaten Israel's existence, by either launching or furnishing bio-chemical weapons or radioactive dirty bombs, that Israel will nuke them...this, in turn, will so terrify the world that it will be ripe to embrace the Antichrist when he is unveiled. And that could be very, very soon." --Hal Lindsey, author

"In that day the LORD will defend the inhabitants of Jerusalem; the one who is feeble among them in that day shall be like David, and the house of David shall be like God, like the Angel of the LORD before them. It shall be in that day that I will seek to destroy all the nations that come against Jerusalem" (ZECHARIAH 12:8-9).

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News:

• Behold Israel: Incidents of marking Jewish homes with the Star of David have been reported in Germany, France, Russia and Argentina
• BBC: IDF strikes more than 11,000 terrorist targets as of Wednesday
• Al Jazeera: UN rights office claims Israel attacks amount to "war crimes"