Today the United States borrows ONE MILLION DOLLARS PER MINUTE, nearing TWO BILLION PER DAY! Not from China as believed by most, but from the U.S. Federal Reserve Bank, which creates money on demand to fund the nation’s liabilities and to supply the nation’s addiction to debt!
For every tax dollar collected an additional dollar is created, adding to the current THIRTY TRILLION DOLLAR DEBT, which will never be repaid!
The traumatic effects of the staggering U.S. and British national debts have not yet been felt, but the example of the months of a frozen economy during the mortgage crisis and then during the CV-19 pandemic gives us a good insight into what WILL exist over a very long period of time in both our nation’s. IF we can bear to look at it?
The Mortgage And CV-19 Crisis
During the mortgage crisis most middle-class Americans became aware of their new car loan being delayed or denied, and their new home mortgage denied. By the end of the crisis, all segments of American society from billionaires to the middle-class had lost one-third of their personal wealth as home values were cut in half and multiple millions of homes headed for foreclosure, with up to nine million jobs lost.
Seven years later, five million foreclosures were still in progress and millions still out of work. Much the same has resulted from the pandemic crisis!
Next time, the U.S. and British economies could remain in a state of permanent depression in the same way the British economy stagnated for almost two decades during the sixties and seventies, in a state known as ‘STAG-FLATION.’ Britain became known as ‘The Sick Man of Europe’ as an experiment in socialism was carried out. By the end of this, the British government was forced to pay FIFTEEN PERCENT interest on borrowed money!
With Britain departure from the EU but still dependent on Europe to take a whopping ‘FORTY TWO PERCENT’ of its exported product while searching for other markets, the nation is being warned of a traumatic transition!
One Third Of US Industry Lost!
Seventy percent of all world industrial investment takes place outside of the US, even though American workers remain the most productive in the world.
One-Third of all US industry had ‘LEFT THE COUNTRY’ since the mid-nineties, with only eleven million Americans still employed in industrial production. Never in world history had such a sudden loss of industrial might occurred, except perhaps in Britain. And Two-thirds of the US economy had become service-related.
Only 20% of US manufactured product was being sold overseas! Higher US wages help make US goods 20% more expensive given current trading terms with many low wage nations. American industrial exports are mainly high-quality goods, and grain sales.
The US National Debt
The US national debt now stands at an approximate $30 TRILLION DOLLAR. This figure quadruples when promised future entitlements are added! NO nation in world history has ever survived such indebtedness without an economic collapse!
The stock market was being propped up by banks accepting more government funding, providing this as loans at 2% to stock market investors. A one percent rise in bank rate causes a six percent increase cost or risk to market investors! At the suggestion of a half-point increase in interest rates, the stock market begins to drop.
In 2021 the market had been making huge gains without any real reason behind this dangerous condition! The US and Britain, as well as the rest of the world, need to prepare for harder times ahead!
The Tremendous Size of The American Economy
It is important to grasp the size of the US economy. Even in its weakened state before the mortgage crisis, the Gross Domestic Product at 19 Trillion was slightly smaller than the Chinese, Japanese, and German economies combined, 5 to 9 trillion dollars respectively. However, GDP had fallen in the US before the 2016 boom period began!
The US Still The Highest Standard Of Living!
The European and Japanese standards of living have always been lower than the fifty percent of the American middle class, the largest middle class of any nation by far. Even America’s poor are twice as well off as the poor in most developed nations, with the US poverty level now set at $20,000 a year.
Most Chinese still live in poverty with a combined family income of only $2,000 a year!
But even with a yet powerful economy we in the US are carrying the greatest debt burden in all of human history with an unquenchable addiction constantly raising our national debt level higher and higher and higher, this will never be repaid!
What Has America And Britain Done To Lose Their Wealth?
Believe it or not our nations departure from the GOOD CHARACTER which obedience to Judeo-Christian ethics produced made us the most respected nations on earth!
Now we are seen to have a fifty percent divorce rate, sixty-one million abortions performed in the last forty years in the US alone, and London, England, has been Europe’s abortion capital over many decades.
The world is awash in American-produced pornography and forty years of Americas cities turning out for the annual gay parade, the US Supreme Court making abortion and same sex marriage legal has shocked the world and has caused God’s blessing of prosperity to be removed!!!
Our Enemies About To Bight Us Once More!!!
Our old World War One and Two ENEMY is now in economic and political control of Europe and has begun to form thirteen European nations militaries into a European Armed-Forces INTO THE GERMANY ARMY!!!
They are building long-range rockets in what they call ‘The European Space Project’!!! AND GERMANY HAS OFFERED TO PAY FOR NUCLEAR WEAPONS!!! And they will have them!!! And when they do they will use them to destroy American and British CITIES!!!
It is just a matter of time before GERMANY strikes our nations with a Nuclear Weapons Attack if we do nor QUICKLY CHANGE OUR WAYS!
Prophecy determines that this WILL most certainly happen, as God uses Germany who He appointed as our ancestors, and as our disciplinarians, against His chosen people as He holds our nations to a much higher standard than the rest of the world!
See ‘Germany In Prophecy’ on Page 1 of America And Britains Future Free Library.