Nathan Jones: The United States has reached a staggering $28 trillion in debt! Every nation in the world has also sunken grossly into debt. What does the Bible have to prophesy about a worldwide financial collapse? Is one imminent?
Look at the massive amount of debt that is piling up on the United States’ ledgers, revealed by this chart from howmuch.net.
The chart includes a history of America’s debt. One can see what’s called an exponential curve happening, where the debt amount rises exponentially.
Let’s go all the way back to 1929 when the Great Depression started. The U.S. was only $16 billion in debt. Of course, that number is not adjusted for inflation. The debt equaled 16% of our gross domestic product. By 1979, the debt had reached $827 billion. Into the 1980s, due to the Cold War and the arms race, the debt really shot up.
Over the last 20 years, due to the War on Terror, which was basically paid by a credit card, and the Coronavirus pandemic, which has been dealt with by endless spending by the government, our national debt has skyrocketed to $28 trillion. This chart may have to climb even higher if the $3.5 trillion dollar infrastructure plan Biden wants is added.
Estimates show that by the time we reach 2051, the U.S. will be spending twice as much as the gross domestic product, which is the money that our national economy brings in. If something doesn’t change, the U.S. will become like Japan, a nation so in debt that they created loans that their grandchildren are required to pay off.
Source of the Problem
Tim Moore: I think we are certainly leading to a national economic collapse. This issue is not just economic, but moral, because it is immoral to put such a horrific debt load onto our own children and grandchildren and even great-grandchildren. Our generation certainly will not be able to pay the current debt off in our lifetimes, no matter how much taxation the government piles onto the backs of working people.
The Bible does have something to say about this. It gives us a principle. Proverbs 13:22 teaches, “A good man leaves an inheritance to his children’s children.” In other words, a good man, meaning a righteous person, will not only save for their own future needs, but they will leave an inheritance, which is something that is of lasting value to their children and grandchildren. The opposite of that then must be true — an unrighteous man will spend up all of his children’s income.
And, that is exactly what we have done! There is no way we can pay off this level of debt, even if we divided it out among every man, woman, and child in the United States. So, this is something that will continue to burden the generations that come after us. This practice is so immoral.
Nathan Jones: Absolutely! Do you want a scare? Then, go look at the national debt clock as its numbers spin out of control. Remember, too, that our nation is not just paying off the $28 trillion, but there’s interest compounding on that amount.
Where does most of this debt money come from? It comes from bonds, in other words, a debt borrowed from US citizens, so the government has to pay us back using our own taxes. A trillion of that debt goes to China, so we are using our frenemies as lenders. I am reminded of Proverbs 22:7 which warns that the borrower is the slave to the lender. In truth, then, we are enslaved to China and all of our creditors.
Psalm 37:21 reveals, “The wicked borrow and do not pay back.” So, not only is it evil to create massive amounts of debt, but it is also wicked of those who are never intending to pay it back. Frankly, the way the government spends, they’ve shown no plans of ever paying it off.
Let’s not just point fingers at the government, but at ourselves, because outstanding is $12 trillion in personal debt, not counting mortgages, owed across America’s population. So, Americans spend on credit just as much as our government does. The Bible says that doing so is wicked.
Tim Moore: It certainly is wicked. The other reality is, and people don’t often think about this, but this kind of debt load, this kind of rampant spending on the part of those who have no constraint on their own behavior or their own spending habits, will also lead to inflation. Until recently, inflation has been something that we have not seen in this nation since the 1970s. In the 1970s, inflation was so high that it led to a sharp rise in interest rates. So, if you’d wanted to borrow money — no luck. I remember my parents buying a house in 1980 and the interest rate was approaching 20%. Our society today cannot even fathom that kind of interest rate. We’re hovering at around 3% right now.
Nathan Jones: Exactly, inflation becomes the inevitable outcome of high debt. The sad thing is, for those who have been wise and frugal in their spending habits and have set aside money for their retirement or perhaps for their children, their children’s children will find that the value of their savings has depreciated very quickly because of the rising inflation.
Tim Moore: The government actually has an incentive for increasing inflation, because if inflation increases, the value or the liability of this debt load goes down because the dollar has become more worthless. The government realizes that inflation comes in their favor, but it is in the disfavor of its citizens.
Americans need to be calling out to our elected officials saying, “Stop! Stop the foolhardy spending, because you are spending not only our seed corn, but you are also spending our children, grandchildren, and great-grandchildren’s future. Doing so is not only foolhardy, but it is immoral.”
The Idol of Self
Nathan Jones: In Matthew 6:24, Jesus identified where the source of all of this spending comes from: “No one can serve two masters, for either he will hate the one and love the other, or else he will be loyal to one and despise the other. You cannot serve God and mammon (or money).” So, what we are really talking about here is idolatry. It’s not that we love money per se, but that we love what money can do for us.
We as a society, and frankly as a world, have raised ourselves up as gods and have removed the Almighty God from the center of our lives. If we trusted in God and put Him first, the money comes, and that’s fine. But, when we put ourselves first, then we’ve created an idol because we’ve placed ourselves at the center of our lives.
One of our nation’s Founding Fathers, Benjamin Franklin, once warned that a republic dies when the people realize they can vote the money out of the coffers. In other words, the people realize that they can vote the country’s budget to redirect the funds to themselves until there is nothing left.
The Prophesied Collapse
Nathan Jones: Does this mean that our nation, and even the entire world, is speeding towards an inevitable financial collapse, maybe even another Great Depression, or worse?
Tim Moore: I really do believe we are speeding along that trajectory. This coming collapse is not only financial but even worse — the world is facing a spiritual collapse. Recent polling indicates that those on the Left are harkening more and more towards Socialism.
Look at history, look at what’s happened in Venezuela, where Venezuela was just a generation ago the richest country in South America, and then their foolhardy leaders embraced Socialism and took the country down the path towards bankruptcy. Instead of courting investments from local and foreign sources, the Socialist Venezuelan government started to eat up all of their own nation’s wealth by redistributing it. Instead of helping their masses, they impoverished everyone there. And so, Venezuela is a classic example of what happens when a quasi-capitalistic country that is very wealthy and is doing very well economically in terms of gaining prosperity but turns towards Socialism, becomes impoverished.
We are headed in that very same direction, and quicker than most people realize. I predict that not only will there be somebody like Bernie Sanders for president — a declared Democratic Socialist — but there will be an avowed Socialist who will gain sway in this country very soon because many on the Left are already clamoring for that kind of future. Socialism seems to be where all the energy is focused on moving this nation, spurred on by the Left.
Nathan Jones: Prophetically, this fits. Look at Revelation 6 and 13. These chapters reveal how in the future a one-world government will eventually rise as a financial collapse occurs. A one-world leader, whom the Apostle John calls the Antichrist, will step in and will promise to fix the world’s economy. He promises that the money will start flowing again and that the merchants will become rich.
Prophetically, then, inevitably all of the debt that has piled up beyond belief is going to collapse the economy of the world. This global crisis, I believe, will be triggered by the Rapture of the Church, causing the nations to cry out for a one-world order led by a one-world government.
According to the Bible, we know that this global economic collapse is going to happen, but we also know that God is sovereign. This collapse was prophesied to happen thousands of years ago, so we trust that God has got all of this under control. I believe that before the worst of this happens, the Church will be raptured up to Heaven.
What To Do
Tim Moore: And so we go back to what Jesus Christ warned when He counseled us to not just store up our treasure in barns, and in places where moths can eat and rust can take away your possessions, but store up our valuables in an eternal investment. That means we place our spiritual treasures in Heaven and don’t rely on this world.
While we advocate for good financial policy nationally, individuals can engage in Financial Peace studies to learn how to stay out of debt. Even more importantly, we need to make sure that we are investing in eternal rewards, and that is done through Jesus Christ.
14 CommentsLeave a Comment
Nathan, greetings in the name of Jesus, our Savior and Lord,
First, thanks to you and Colonel Moore for your great work in these end times. I have been following your ministry for the last 20 years or so. I have learned much from you (and Dr. Reagan before his retirement). Second, I have a question that I hope you can clarify for me. Namely, your ministry, and other prophetic ones that I follow, cite evidence (e.g., the convergence, etc.) that the Tribulation (and hence, the Rapture before it) is at our doorstep. Yet, in this article, you speak of the consequences that our grandchildren and great-grandchildren will experience as a result of our increasing national debt. So, I guess I’m a bit confused: do you see the Rapture (not setting dates, but only times and seasons) as occurring within this decade for example, or more likely in 20-40 years or later? Thank you in advance for any clarification you might be able to offer.
Doug, so good to hear that Lamb & Lion Ministries has been a blessing to you! Yes, we very much believe the Rapture is imminent and the signs of the times point to His return very soon. Our topic in this article is about the immorality of placing a society’s debt on future generations, regardless if they’ll have to carry it or not due to the Rapture.
Hi Nathan, thank you for your ministry and article above. Can you please define
” very soon” when you referring to His return? Are you thinking more within 10-15 years or 20-40 years? Thanks 🙂
From my new book The Mighty Angels of Revelation pages 38-40 (https://bibleprophecyresources.com/shop/the-mighty-angels-of-revelation-book/):
The “soon” part of the promise of Christ’s return became a major stumbling block to believers in John’s day, and quite honestly, even more so for all Christians who have waited so anxiously over the last 2,000 years since that promise was made. Humans, in our finiteness, tend to think of soon and shortly as days, maybe months, possibly even a handful of years. But, 2,000 years?!
What’s happened is that we’ve misunderstood what John wrote in Revelation 1:1-3 when he used the phrases the “things which must shortly take place” and “the time is near.” Shortly, in the Greek is en tachei, denoting an “action will be sudden when it comes, not necessarily that it will occur immediately.”8 In other words, it’s not that Jesus will return to this world in a matter of a few days or even years, but that when He does finally arrive the event will proceed very quickly, catching humanity off guard. The Apostle Paul colorfully explained the speed of Christ’s return to catch up those saved to Heaven in an event called the Rapture where, “We shall all be changed—in a moment, in the twinkling of an eye” (1 Corinthians 15:51-58). Paul expanded on the details of Christ’s return with:
For the Lord Himself will descend from heaven with a shout, with the voice of an archangel, and with the trumpet of God. And the dead in Christ will rise first. Then we who are alive and remain shall be caught up together with them in the clouds to meet the Lord in the air. And thus we shall always be with the Lord. – 1 Thessalonians 4:13-17
Paul believed the knowledge of the return of Jesus Christ at the Rapture produced this wonderful benefit: “Therefore comfort one another with these words” (1 Thessalonians 4:18).
The what’s and how’s of the Rapture as it relates to the Second Coming will be explored in more detail later in our study, but the when can be addressed in John’s use in verse 3 of “the time is near.” Do the revelations unveiled in John’s literary work apply this nearness to the first century? Clearly not. That the Rapture didn’t happen fairly right away after Jesus ascended left a number of people in the Early Church scratching their heads. They figured out that God’s timing is not man’s timing.
We, too, have to realize this truth and look back at the Greek language. When it comes to John’s saying “the time is near” in verse 3, he used the word kairos, which indicates a space between time intervals which must happen in order for the proper and opportune time for action to occur. We also have to look back to the Old Testament prophets who used similar key phrases such as “latter years”…
For a short Inbox video on how to interpret Bible prophecy, please see https://christinprophecy.org/sermons/the-inbox-14-should-bible-prophecy-be-interpreted-literally-or-symbolically/.
Great article Nathan and Bro. Moore. Thanks for keeping the world informed (if they want
to be) My prayer is more would turn to Jesus during these final days.
Wow! – The debt Chart sure shows that something has to happen before too long…. The world’s economic system totally collapses in Rev. 18, just before the second coming. I can’t help but think that there is a near collapse sometime before that that the Antichrist “fixes…..” Nathan seemed to alluded to that sort of a scenario in his comments…. Maranatha!
Great article. I have posted this to FB but it should be read by millions.
Dear friend, Go to a far more accurate site: US DEBT CLOCK REAL TIME. You are just looking at U.S National Debt Now when you go to U.S DEBT CLOCK REAL TIME site, Look at Unfunded Debt/Interest. Now go to “U.S Total Debt” which is a real time 86 trillion, and still counting at an incontrollable rate.
God created Universal Principles, which man can never break. Life, Death, Day, Night, Great Empires Rise, Great Empires Fall. What happens when you have the greatest stock market and debt boom of all time, you will sadly have the greatest bust most terrifying of all time that will finish this Empire. Finally that could possibly bring us closer to the Last Days.
“Sell what you have, give to the poor, and follow me” So said Jesus to the rich man when he asked how to inherit eternal life Since we’re all rich in America by the world’s standards, this is the best advice any of us can follow. I would add to that to perform the Great Commission and go out to all the world Then we will see the Rapture We in America are all drowning in stuff, much of which we don’t need This chokes out the seed of the gospel and makes us all unfruitful If you do happen to come into some money, put most of it into spreading the gospel, and live off the rest
The debt America owes will not be left over the heads of our children’s children or whoever. What America is going through is Prophetic. Read Rev. 13. America as a Protestant Nation, Lamb like nation will repudiate its Constitution and speak as a dragon. When a nation turns against God it destroys all that God has for her, prosperity, protection and everything. The enemies within America has caused her collapse, they have taken over the Presidency, Treasury, Education, Christianity and everything. Therefore, how do you expect God to continue on with this Nation? Notwithstanding, there are God’s children within this apostatized nation and has it not been them, this nation would have been in utter darkness. The only hope for America and for that matter the people of God is the Second Coming of Jesus Christ, that blessed hope! In the midst of this economic collapse and hopelessness Jesus says : Let not your heart be troubled : ye believe in God, believe also in me. In my Father’s house are many mansions ; if it were not so , I would have told you . I go to prepare a place for you. And if I go and prepare a place for you, I will come again, and receive you unto myself ; that where I am , there you may be also. John 14 : 1 – 3.
May God help us to look forward to the second coming of Jesus as the only solution to everything.
The pieces of the puzzle are all being assembled and coming together. Not a thing happens that God doesn’t know about.
Christ said in Revelation 22:7. “Behold, I am coming quickly! Blessed is he who keeps the words of the prophecy in this book.” We need to hold onto the words concerning His coming. If you do, you will grow spiritually.
Growth comes Through the Watchfulness of Prayer. 1 Peter 4:7 Peter writes that…the end of all things is at hand; therefore be serious and watchful in your prayers. Prayer may take more tough-mindedness than any other aspect of our spiritual life. Peter urges believers to “gird up your loins of (their) mind” and to be sober 1:13. We’re in a battle and have to prepare ourselves for victory.” Don’t resort to the thinking of this present world.
“A one-world leader, whom the Apostle John calls the Antichrist, will step in and will promise to fix the world’s economy. He promises that the money will start flowing again and that the merchants will become rich.”
Please provide the scripture for this. I have read and reread the prophetic scriptures and this never appears.
Revelation 18 – https://www.biblegateway.com/passage/?search=Rev+18&version=NKJV
God bless all three of you prophetic men of God.