What Should People Do- Some Actions That Can Be Taken
Since I received an email from Paul McGuire, an outstanding author of 22 books and a noted blogger on these apocalyptic endtimes that we are living in, asking me what should people do, I decided to add a Part III Conclusion to America’s Coming Fiscal Cliff. While there are many unknowns right now on what will happen, whether Congress will take action to overturn the Budget Control Act of 2011 coming into effect on January 1, 2013 or not, and allow it to take place, there are some natural and spiritual actions we can take to attempt to ameliorate some of the harshness of the coming Fiscal Cliff in the days to come.
Whatever the case may be, there is very little we can do to forestall an economic collapse coming to America, as it has been in the making for many decades already. It is a sure inevitability. In fact, America’s economic crisis has been forestalled and postponed many times before, by much borrowing, and by much printing of more and more money. But America has reached a time of critical mass in her debt-producing machine whereby she will one day be just ‘a dollar short, and a dollar too late‘. Actually, there is a race going on right now to see who will collapse first, the European Union, the largest economy in the world, or America, the world’s largest GDP country. The Economic Collapse has an excellent article on the EU’s impending collapse! Basically, all paper currencies are all now suspects, as there are very little in tangible assets backing them. We will look very briefly at some natural and spiritual actions that we can take to protect ourselves and our loved ones.
Some Natural Actions To Take- Prepare for Hard-times and Runaway Inflation
Recently there have been protests, civil disorder, and riots in the major PIIGS countries of Europe, namely Portugal, Ireland, Italy, Greece, and Spain due to their heavy sovereign debts, declining economic conditions, and Gov’t cutbacks of wages and benefits. Unemployment has soared in these countries, where in Greece, over 50% of young adults under 25 are unemployed. Businesses have shuttered, medical care and prescription drugs are hard to come by, prices for food and fuel have risen sharply, etc. Despite how bad things are in these countries already, the worse has yet to come. But what is happening in Europe, is just a sneak preview of what will also happen to America as we face the coming Fiscal Cliff of 2013. There will violent ‘flash mob/riots’ and increasing crime and gangs happening all over our country. America will have her own protests, civil disorder, and riots, and may even be under martial law, and a declared state of national emergency when the time comes! Is it not a wonder and a coincidence that the Department of Homeland Security has recently purchased 1.4 billion hollow point bullets for itself and other Federal agencies? For what purpose and for what reason where these bullets purchased for use in America?
Prepare for hard-times and runaway inflation- food storage, gardening, energy efficiency, protect your homes, convert cash into silver and gold coins, develop strong relationships with people of like-mind whom you can trust, have cash on hand in case of an electronic bank run, take capital gains this year rather than next year when tax rates will increase (less than 3 months left to do so), those older than age 59 ½ may want to withdraw some cash in their IRA/401K this year and pay the taxes now, rather than wait for the tax rates to go up next year. Also, with runaway inflation, a $100,000 in a pension account may not be worth much upon payout later (remember Germany’s Weimar Republic 1920’s debacle, when hyperinflation destroyed their currency, and it became worthless). It may be better to take long term capital gains this year when tax rates are lower, than next year in the face of rising taxes. Many sophisticated investors are already aware of this fact and are ready to sell, as they anticipate a sharp sell-off in the stock market this year, even as market indices are at a near record 5 year high!
If you have a home mortgage, you may want to refinance it for a much lower interest rate. Presently, rates are the lowest they have ever been, where a 30 year mortgage can be gotten at 3.25%, and a 15 year mortgage, 2.75%. Our present low-interest rate scenario is unsustainable. Like Paul McGuire wrote in his book The Day the Dollar Died, I also foresee the eventual death of the US$ and all paper currencies- the Euro, Yen, British Pound, Yuan, Swiss Franc etc. Rev13:16-18 tell us this will happen- no paper money will be allowed for any transactions to buy or sell, but instead only the mark of the Beast will be accepted. Already some Gov’ts around the world are calling for ‘a National ID’ which would be a prelude to the mark of the Beast. This can easily happen within the next 3 to 5 years, if not sooner. There are a multiplicity of things you can and should do to protect yourself, depending upon your personal circumstances, needs, and environment. But only you can decide what action to take!
Spiritual Actions Needed For Deliverance
The Bible is very clear what we need to do in order to be saved! Ac16:31 states ‘.. Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house’. Ro10:13 tells ‘For whosoever shall call upon the name of the Lord shall be saved’. Jer33:3 declares ‘Call unto me, and I will answer thee, and shew thee great and mighty things, which thou knowest not‘. Ps121:1,2 state ‘I will lift up mine eyes unto the hills, from whence cometh my help. My help cometh from the LORD, which made heaven and earth’. There are many more scriptures of help and deliverance in the Bible, and it is only God who can help us in the coming convulsion and collapse that will be facing America and our economy!
But before we can call upon God and ask Him for help, there are certain things we must first do on our own. We need to humble ourselves, pray and seek God’s face, repent of our own sins, turn from our wicked ways and turn to God. Only then will He hear from heaven, forgive us of our sins, and will deliver us (2Chr7:14).
Jeremiah, the prophet of doom and judgment, speaking on behalf of God said;
‘If at any time I announce that a nation or kingdom is to be uprooted, torn down and destroyed, and if that nation I warned repents of its evil, then I will relent and not inflict on it the disaster I had planned. And if at another time I announce that a nation or kingdom is to be built up and planted, and if it does evil in my sight and does not obey me, then I will reconsider the good I had intended to do for it’. Jer18:7-10 NIV.
The latter part of this scripture text certainly describes present-day America! America has truly forsaken God, and has rejected His ways, as has been earlier stated in Part I and Part II of America’s Coming Fiscal Cliff!
As a student of the Bible for many years, I believe in the Rapture of the Saints, a supernatural and sovereign move by God to take us physically to heaven with Him, much as Enoch, Elijah, and Jesus were taken. I would also like to bring your attention to my posts- Signs of the Coming Antichrist and Be Rapture Ready, or Be Left Behind. In the Rapture paper, I tried to capture the nuances of the Rapture, and how to ensure that one will be be taken up, and not be left behind. To many in this world of 7 billion people, this may appear as pure nonsense, but for true believers, the Rapture is our only hope of escaping the wrath of God, and the evil to come upon the earth. See Lk21:28,36, Jn14:1-6, Heb2:3, 1Th1:10, 1Th4:16-18, 1Th5:9, Tit2:13,14, Re3:10.
‘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 ye may be also’ Jn14:1-3.
Lk21:36 states ‘Watch ye therefore and pray always that ye may be accounted worthy to escape all these things that shall come to pass, and stand before the Son of man. Jesus said ‘Therefore be ye also ready: for in such an hour as ye think not, the Son of man cometh‘ Mt24:44. 1Th5:2 states ‘For yourselves know perfectly that the day of the Lord so cometh as a thief in the night‘. 1Th5:9 tells ‘For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ‘. From just these few scripture verses alone regarding the Rapture, we see that we need to watch and pray always, and be worthy to escape the coming wrath that will fall upon the earth. The Rapture is our salvation, our escape, our redemption, our deliverance from evil, and our reward for obeying the Lord and His Word, and for being holy. The Lord said
‘Wherefore come out from among them, and be ye separate, saith the Lord, and touch not the unclean thing; AND I WILL RECEIVE YOU, And will be a Father unto you, and ye shall be my sons and daughters, saith the Lord Almighty’ 2Co6:18.
Jesus will receive and take with Him in the Rapture ONLY those who are praying, looking for His return, and have made themselves ready. Pray to God, and He will give you wisdom how to live in these very perilous times 2Ti3:1, and the wisdom on what to do in time of need Heb4:16! Sadly, many will be left behind in a world that is falling apart, because they did not believe in the Rapture or have not purified themselves 1Jn3:1-3. They will be left behind in the Great Tribulation, the most horrible time to ever be living in the world!
Bottom line, America is in deep financial trouble heading for a FISCAL CLIFF that will bring forth her soon demise, and also for the rest of the world! There is no way to save America because of her many years of reckless spending, uncontrolled borrowing, and the printing of too much money that has been going on for too many decades. But we can get help by praying to God to deliver us from all evil Mt6:13, and to call upon God in our time of need Heb4:16! Essentially, this is the whole purpose of my blog God’s Hidden Nuggets For the Endtimes found at http://drgoldsite.wordpress.com . It is to warn people of the coming end of this age, what is prophesied to come, and to help people get ready spiritually for Jesus’ coming! Amen!
America’s Coming Fiscal Cliff- January 2013
America is heading for a financial disaster such as never happened to any nation in the world before, and it will affect every man, woman and child in our once great country. Like a ship going over the precipitous cliff of the mighty Niagara Falls in New York, with tons of water plunging every second, America is surely heading for the Fiscal Cliff of January 2013. It is now impossible to paddle up the rapids to safety as America is caught up in a maelstrom of mounting and deadly debts.
Fed chairman Ben Bernanke and many economic writers all agree that the US Gov’t is heading for a fiscal cliff beginning next year, as the Bush-era tax cuts will automatically be phased out, resulting in higher taxation and sequestration (automatic budget cuts) to our military budget and entitlements such as Social Security, Medicare, and Medicaid! In a few short months and like in a horror movie, America will be heading for a fiscal cliff of apocalyptic proportions. Fiscal cliff is a term that describes the grave government financial danger coming to America in 2013. It is like the Sword of Damocles ready to fall on our nation. It will also affect the entire world as many nations are holding vast amounts of US Treasury debt and the US$, both fast losing their values!
How America Got Into Such A Great Financial Bind
America’s fiscal cliff has been in the making for many decades already, fueled by the reckless and uncontrollable spending of the US Congress; even borrowing money from other countries to pay for our national programs. In July 2011, America reached its previously agreed upon debt limit set by Congress of $15.3 trillion. There was a big squabble between both houses in Congress to rein in the national debt. A compromise was made to raise the US debt limit to $15.7 trillion on the provision that an appointed Super Committee of 12 Democrat and Republican congressmen, would draft up a plan in three months to cut $1.2 trillion in spending over the next 10 years- $109 billion per year! The committee’s deadline came shortly before Thanksgiving Day 2011, but it failed to come up with a comprehensive plan. Meanwhile Congress passed a contingent bill, the Budget Control Act of 2011 that mandates the phase out of the Bush-era tax cuts, and the sequestration of spending in the military and civilian agencies, and social services programs. Unless postponed by Congress after their forthcoming election, America’s fiscal cliff will come in January 2013!
America’s National Dilemma- Runaway Debt and Deficits
Presently, America is between the proverbial ‘rock and a hard place’. If our lame duck Congress does not act right after the Nov 2012 election, then the sequestration goes into effect with significant cuts in military and domestic spending, along with a sharp rise in personal taxes. This will surely cause America to go into a deeper recession with a forecast of a million jobs lost over the next two years. But if Congress acts and overrides the cuts, then our national debt will rise sharply. The US$, the world’s reserve currency, will continue to lose value and be worth less! Higher inflation would then kick-in, commodities and gasoline prices will increase sharply, interest rates would soar, and our national debt will continue to rise inexorably! The huge US debt will eventually bring on an economic collapse to America, and even to the rest of the world!
America is now faced with a great financial dilemma as our national debt is in a runaway mode, recently hitting $16 trillion. In only 5 years, it has doubled and is equal to over $50,000 for every man, woman, and child in this country. America’s dilemma is that there is precious little Congress can now do to prevent this coming disaster! It is feared that by allowing taxes to increase and the automatic spending cuts to take place, a great recession or a Greater Depression than in the 1930s will result! It took the US over 200 years (until 1982) to reach a $1 trillion in debt. But for each year during the past 4 years, the US national debt has risen by over $1 trillion per year! If Congress acts in the next three months and overturns its Budget Control Act and resorts to more quantitative easing (QE), our national debt crisis will be further exacerbated, and further bring our nation into penury! America’s day of reckoning is just around the corner with ‘nowhere to run, and nowhere to hide’!
What is Debt, and the Nature of Debt? America’s Unproductive Debt
When a person borrows money from a lender, a debt is created, and all debts once created must be repaid! It is either repaid by the borrower, or in the case of a default, by the lender. The lender ‘eats the loan’ and pays for the loan out of ‘his own pocket’. The Bible states ‘..the borrower is servant to the lender’ Pr22:7. America will cause her many large lenders like China, India, and Japan to ‘eat our debt’. One solution to heavy indebtedness is to lower one’s standard of living- to spend less and sacrifice more. Another solution is to default on the debt. This is exactly what is happening to America; we owe too much and can’t repay our debts! Our standard of living and way of life will be greatly affected and reduced!
America has been increasing debt at an alarming and unsustainable rate. If debt is created to improve income stream, then it would be productive debt and okay, i.e. such as to borrow to start a business to make money, and/or to make a living; or to leverage one’s assets by borrowing to invest in an income-producing property or a value-appreciation investment to make more money. But debt incurred for consumption, especially for conspicuous or lavish consumption, is generally unproductive, debilitating and destructive. This is what happened to America- spending more than we can afford, and borrowing more than we can ever pay back, without any additional income stream to ameliorate or contain our huge unpayable debt! After many decades of uncontrollable debt, this is why America will fall over a fiscal cliff of our own making in 2013 and taking all of us down with her!
A Brief Lesson on the Life Cycles of Great Nations
Ecclesiates1:9 states ‘..there is no new thing under the sun’, meaning what has happened before can and will happen again! Some historians agree that the average life cycle of a great nation is only about 200 years. There are unique patterns and cycles that make a once great nation fall. The people all began quite humble, working hard and harmoniously together. They cared for each other. But later they became lazy, and dependent upon others to carry the load; immorality proliferated, corruption prevailed, and collapse eventually occurred, and a dictator arose.
Here is a truism attributed to Alexander Fraser Tytler 200 years ago. ‘A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves generous benefits from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years’.
America is now 225 years old, based upon our Constitution written in 1787. Thus, America fits the above model perfectly: Vote for the congressmen that can give us the most benefits. Forget about how we will pay for them, forget who will pay for them, and forget about our children and the future of America. Thus, it is no surprise that America is losing its world-class status and becoming like a third world nation! In the glory days of the Rome, there was a saying ‘All Roads Lead to Rome’! The Roman Empire fell due to corruption and hedonism, where even their money was devalued by shaving their gold and silver coins. At the height of the British Empire in the 19th century, because of her many colonies worldwide, it was said that ‘The Sun Never Sets on the British Empire’. Today, Britain is no longer a superpower, with a national debt to GDP of 450%. America was once known as ‘The Land of Golden Opportunity’, but not any longer! America’s debt to GDP has now surpassed 100%. America is broke and near bankruptcy!
End of Part I. To be continued soon…