Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Setup For The Black Horse: The World Is Teetering On The Edge Of Bankruptcy
- The global debt clock is spinning, reaching a record-high of $307 trillion this week. What does this mean?
- The amount of debt grew by around eight to ten trillion in just the first quarter of 2023 alone. It was recently reported that “The majority of low-income nations are on the cusp of a debt crisis, sparking fears of global contagion.”
- The global debt virus has infected the international economic system, and the world is teetering on the edge of bankruptcy, especially in many of these low-income nations. US debt just surpassed $33 trillion this week. Last month, Credit card debt, for the first time in American history, eclipsed $1 trillion.
- The US national debt is projected to exceed 100% of gross domestic product in the next two years. In around six years, the national debt is said to exceed its all-time high of 106% of the gross domestic product, which occurred in 1946, the year immediately following World War II. We know why we had so much debt then, but now it’s simply a result of runaway spending that politicians are not able to curtail.
- The cover of Newsweek from several years ago grabbed my attention. The front of the magazine read, “How Great Powers Fall,” showing an upside-down US Capitol standing on its dome. The cover further displayed the quote, “Steep debt, slow growth, and high spending kill empires. And America could be next.”
- According to the article, “Habsburg Spain defaulted on all or part of its debt 14 times between 1557 and 1696 and succumbed to inflation due to a surplus of New World silver.”
- “Pre-revolutionary France was spending 62% of royal revenue on debt service by 1788,” the author described.
- Ferguson noted that the Ottoman Empire went the same way: “interest payments and amortization rose from 15% of the budget in 1860 to 50% in 1875.”
- There’s a quote by a best-selling author named Robert Kiyosaki, “When people are struggling financially, they’re more willing to have a government save them, unwittingly exchanging their personal freedom for financial salvation.”
- We know that during the tribulation period, the third horseman of the apocalypse is riding a black horse and carrying “a pair of balances in his hand” (Revelation 6:5)
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