An inquiring mind asks, is the imminent worldwide economic collapse mentioned in God’s word?
Curt of The 70th Week Blog relates we must ask ourselves … is the fatal head wound that the bast receives in Revelation 13 financial? Are we getting close to this prophecy being fulfilled? Here is the scripture for your reference, Revelation 13:3-4
|3.||I saw one of his heads as if it had been slain, and his fatal wound was healed. And the whole earth was amazed and followed after the beast;|
|4.||they worshiped the dragon because he gave his authority to the beast; and they worshiped the beast, saying, “Who is like the beast, and who is able to wage war with him?”|
Here is the presentation, it is very short and easy to understand. I don’t post this to scare you, but to try and inform you. Please consider and pray about the contents.
Charles Hugh Smith writes on the debt trade that has underwritten Neoliberalism’s Crony Capitalism and European Socialism. By Incentivizing Debt, We’ve Guaranteed Debt-Serfdom and Stagnation. Incentivize debt, and you end up relying on debt as a sustitute for productivity and income. Increase debt, and there’s not enough income left for productive investments that might boost income. Incentivize debt via making interest tax deductible, and you create a self-reinforcing feedback of a rising share of declining income being devoted to interest payments. With demand and borrowing both suppressed by debt-serfdom, demand for housing, goods and services declines. Borrowing more to consume simply speeds the cycle of rising interest and falling net incomes. Incentivize debt and you create multiple overlapping death spirals. We are seeing the death-spirals play out in a fractal manner, from households to nations to entire regions. High debt levels lead to high interest payments which lead to low investment and savings rates which lead to lower productivity which leads to stagnation of income, consumption and investment: in other words, a death spiral