Why We Have Reached a State of Total Monetary Madness
The Nobel Prize is awarded to people in the field of economics because there are rules that equally apply to the financial world as in the world of physics and chemistry. The Nobel committee might as well suspend the prize for economics. We are at a point where financial guidelines that have existed for centuries are suddenly void.
In 2020 we had bond yields at a 5,000-year low, and the price of oil traded at a negative price for the first time ever. Another first was Tesla reaching a market cap of $670 billion, which is greater than the combined value of every other car company on planet Earth.
We had several times in 2020 where the stocks of defunct companies would go on wild price rides. The Hertz car rental company filed for Chapter 11 bankruptcy. The company stock dropped down to 56 cents, and then it began to soar as day traders pushed up the price to $5.50. Never mind that the company had warned its “common stock will be worthless.”
Hertz received approval from a bankruptcy judge to sell up to $1 billion of common stock to take advantage of its recent share rally. The plan was scrapped when it became clear there would be lawsuits once people realized they were issued stock that had zero real value.
The craziest thing I witnessed was the massive amount of debt the government racked up. The House of Representatives got the ball rolling when it passed the $2 trillion coronavirus stimulus package on the 27th of March. The lack of tax revenues from all the lockdowns led to a $2.3 trillion shortfall for the federal government. Year-to-date, the national debt has grown by $4.3 trillion. Now that Trump has just signed the new stimulus package, we will have a $6 trillion deficit within a year’s time.
Two years ago I said that a fiscal crisis could lead to a $3 trillion deficit. If I went back to 2018 in a time machine and informed myself of this current situation, I would have thought that I had gone insane. I’m amazed that we’ve exceeded 100% of my worst nightmare vision. We still have three months to add another stimulus spending bill to the ever-growing debt.
The size and scope of this debt orgy is so enormous, most people probably do not understand what is happening. In 2000 we had a total federal debt of $5.6 trillion. In less than a year, our government has spent more than it spent during the first 224 years.
Almost every government in the world has joined the U.S. in issuing massive amounts of new debt. All that new money led to higher stock prices. Worldwide market capitalization was $85 trillion in 2020. This value dropped to $65 trillion at the March low but ended the year at $100 trillion. Most businesses have seen their actual incomes decline by at least 30%. The stock prices for airlines and cruise ships are high because governments just give them money.
I do not see how we can keep the economy going. Millions of people are several months behind on their rent and mortgage payments. People who have been unemployed for close to one year will be less likely to want to find work. Entire sections of the economy have been devastated by confinement, and millions of jobs have been lost for good.
Another indication that monetary madness has taken over is the price of bitcoin. The cryptocurrency marketplace is the largest financial bubble in percentage terms in global history. Bitcoin began trading at less than a cent, and now it’s traded as high as over $34,000. The total market cap of bitcoin is still small at $500 billion, but it’s crazy for people to be paying for a number that currently comes in 8,111 flavors.
If your password is lost or stolen, your bitcoin disappears forever. Every time I turn around, a new danger to cryptocurrency arises. The latest one came from the FCC declaring the cryptocurrency XRP a security in the way it was marketed. When the news of the move became public, the value of the XRP went from $30 billion to $8 billion, which was a 75% haircut. At the time, there wasn’t any concern that the same decision could be applied to Bitcoin.
The U.S. national debt will soon rise to $30 trillion, and it will probably continue to rise without much consequence. Bitcoin may reach $100,000 in the coming days.
God has total control over the world economy. He appears to be keeping things calm because tranquility will be the calling card of the rapture. The fact that we have arrived at such an extreme state of financial stability tells me the “Blessed Hope” must be very near.
“Just as it was in the days of Noah, so also will it be in the days of the Son of Man. People were eating, drinking, marrying and being given in marriage up to the day Noah entered the ark. Then the flood came and destroyed them all” (Luke 17:26-27, NIV).
“Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh” (Mat. 24:44).
— Todd
China Prophetically Destined to Fail
Much talk from within the world of America’s news reporting is that China is the chief culprit in stirring much of the trouble in our nation and the world. Others, mostly from the leftist side of the political spectrum, tell a different story. China is, they say, a “competitor” but not an evil enemy.
That has been presumptive president-elect Joe Biden’s take for years. He has, through his son, the facts are revealing, worked within the communists’ state to bring about deals of various sorts. It’s been a more or less friendly competition from Mr. Biden’s perspective—and he has directly called it such.
People on the political right have and still do consider the Chinese Communist Party the greatest threat to world economic stability, if not to world peace. Those within the Trump administration who aren’t incognito (not really deep-staters) are convinced that China is by far the most profound threat America and the world will face in the immediate and distant future.
Certainly the facts, just by observing the moves of that government, prove that they are extremely aggressive in most every area of global interaction.
Consider their building of bases, creating islands in the South China Sea. We watch while they face down with aggressive naval force anyone who enters what they deem their territorial waters—waters that are clearly, according to maritime governance, international. Consider how it is that their labs from which came the dreaded virus that has, in effect, all but destroyed the Western economies through shutdowns, etc.
Prior to the Trump administration, it was the American State Department and previous administrations—both Democrat and Republican—which made agreements that enriched the communist state. Our own negotiation blunders, in effect, have helped build the Chinese communist regime into what is becoming a massive force that has prophetic overtones—that portend the destruction of much of the world’s population.
I have often believed that the Chinese will produce the chief force that will lead Asian nations as described in the following prophetic Scriptures.
And the sixth angel sounded, and I heard a voice from the four horns of the golden altar which is before God, Saying to the sixth angel which had the trumpet, Loose the four angels which are bound in the great river Euphrates. And the four angels were loosed, which were prepared for an hour, and a day, and a month, and a year, for to slay the third part of men. And the number of the army of the horsemen were two hundred thousand thousand: and I heard the number of them. And thus I saw the horses in the vision, and them that sat on them, having breastplates of fire, and of jacinth, and brimstone: and the heads of the horses were as the heads of lions; and out of their mouths issued fire and smoke and brimstone. By these three was the third part of men killed, by the fire, and by the smoke, and by the brimstone, which issued out of their mouths. (Revelation 9:13–18)
The following description gives further evidence of theprobable identity of these invaders from the oriental world.
And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared. (Revelation 16:12)
I am convinced that we have been watching the king of these “kings of the east” preparing to lead an unstoppable force into the occidental world. The river that has been barrier to such land invasion—the Euphrates—will be dried up, either by some sort of engineering or by supernatural means. I personally believe it will be supernatural.
Those who view this great force as one to fear is on the right side of how to view China as it grows and becomes more menacing. The Biden administration, if it comes to be, doesn’t seem to have anyone on its list of advisors who even recognizes that it is an economic threat, much less a military threat.
The question is moot, really, as to whether we are seeing China develop in the prophetic sense. The “kings of the east” are scheduled to invade and at the same time kill one-third of the world’s population. Whether it’s China or any other nation or force, they are coming from that part of the world and will represent the most deadly military force in human history. It will happen, according to God’s prophetic Word.
China looks at present to be extremely successful. It is building ominously as described above. Evidence more and more shows that it is influencing politicians, governments, media, business interests, and every other American (and even world) governing entity through economic methods—–bribes, etc. Things do not look good for the upcoming days. Many fear we will one day become the slaves of a Chinese communist state.
Don’t believe it. God’s prophetic Word tells a different story. The great force from the Far East will be held back until just before the time of Armageddon. It will not take over economically, then militarily.
The developing globalist forces of the Western nations will be a blocking force as well. Antichrist’s regime will grow, as we can see in daily and hourly news stories.
China—the king of the “kings of the east”—will meet the same fate as the regime of the first beast of Revelation 13: the Antichrist. We see how all will fail in the verse that follows the description of the “kings of the east” force just above.
And I saw three unclean spirits like frogs come out of the mouth of the dragon, and out of the mouth of the beast, and out of the mouth of the false prophet. For they are the spirits of devils, working miracles, which go forth unto the kings of the earth and of the whole world, to gather them to the battle of that great day of God Almighty. (Revelation 16:13–14)
China, like all other anti-God forces, will meet its fate on the killing fields God has chosen.
–Terry