The Coming U.S. Financial Crisis by the Numbers


And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine. Revelation 6:5-6 

Are we entering the time that these verses in the book of Revelation speak of? It signifies a time when food shall be rationed by weight because of major famine and extreme economic hardship. Meanwhile, those who are wealthy will still have access to their luxuries including oil and wine. When the economic crash occurs, will you be prepared to endure? I believe we will have to be able to place our complete trust in God’s ability to provide during these times to avoid compromising our faith. During this time of relative calm before the storm, encourage yourself by rereading the miracles of Jesus and the story of the Exodus and be reminded of how God can provide for his people in the wilderness. He is the same yesterday, today and forever. His name is Jehovah Jireh, the Lord will provide! We must be in a place of complete trust and obedience to endure the difficult times ahead. Sadly, very few will be prepared to endure the extreme hardships to come. This is why Jesus asked if he would find faith in the earth when he returns! 

If you have a hard time understanding what is truly taking place in this country, the article below will shed some much needed light. 

1 Through 30 – The Coming U.S. Financial Crisis By The Numbers

endoftheamericandream.com

The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen.  Hopefully you have started to prepare for the coming U.S. financial crisis.  If not, hopefully this article will be a wake up call for you.  Right now, governments all over Europe are on the verge of financial implosion.  Most Americans aren’t paying much attention to that, but they should be, because what is happening to Greece and Italy right now will eventually be happening here.  Just recently, the U.S. national debt passed the 15 trillion dollar mark.  State and local government debt is also at record levels.  Tens of millions of American families are in debt up to their eyeballs, and millions more Americans fell into poverty last year.  Meanwhile, the “too big to fail” banks just keep getting larger and the Federal Reserve continues to inflate the debt bubble.  At some point this debt bubble is going to burst, and when it does it is going to unleash financial hell all over America.

Below you will find a list of numbers – 1 through 30.  For each number, a statistic has been chosen that demonstrates the financial nightmare that the United States is facing.  It is simply not possible to rack up debt at staggering rates forever.  At some point the debt spiral is going to stop.

A lot of politicians are claiming that they can stop the coming financial crisis from happening.  But the truth is that unless our entire financial system is fundamentally transformed, nothing is going to be able to stop the financial nightmare that is headed our way.

StopPlayingChurch Note: The coming economic collapse in the U.S. has been carefully planned over a long period of time. The global architects of the vast New World Order agenda have set their eyes on America’s demise for years. America is slowly being destroyed as an independent, sovereign nation on purpose. The elite agenda is to reduce this country to a heap of ashes in order that their New World Order and global currency plan can rise from the rubble like the Phoenix. It is very ironic that the house just voted to keep the phrase “In God We Trust” as the nation’s motto. This is mere posturing and to give the facade that this (economic crisis) too shall pass. The problem is determining which god are they referring to; the god of this world or the God who is Lord of the Heavens and earth. Bad trees cannot produce good fruit and the fruit the U.S. is producing is rotten to the core. Our politicians, business leaders, and financial barons are completely corrupt. Many of them have sold their souls to the highest bidder and are looking to move to other countries when the rooster finally comes homes to nest in America. They believe they will escape the global catastrophe that will soon be unleashed, but in the end they will face God’s wrath (see Rev. 6:15-16)!

Unfortunately, the vast majority of our politicians still believe that the current financial system can be fixed and the vast majority of them still fully support the Federal Reserve.

That is going to prove to be a gigantic mistake.  The following are 30 facts that show that the United States is heading directly for a massive financial crisis….

1 - For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars.  That was the third year in a row that our budget deficit has topped one trillion dollars.

2 - The balance sheet of the Federal Reserve has been ballooning like crazy.  At this point, the Federal Reserve has very little capital backing a balance sheet that is well over 2 trillion dollars.

The following is how Michael Pento of Euro Pacific Capital describes the situation that the Fed is in….

Today, the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.

Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.

3 - It is being estimated that it would take a total of 3 trillion euros to bail out all of the countries in Europe that are in imminent danger of financial implosion.  Europe is heading for a gigantic financial crisis, and when it happens the United States is going to be dragged down as well.

4 - As the U.S. economy continues to decline, millions of American families are having a very hard time feeding themselves.  Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.

5 - The U.S. Postal Service has lost more than 5 billion dollars over the past year.  It looks like the federal government is going to have to help the U.S. Postal Service out financially.

6 - Freddie Mac says that it is going to need another $6 billion bailout from the federal government.

7 - Fannie Mae says that it is going to need another $7.8 billion bailout from the federal government.

8 - We are told that the economy is recovering, but the number of Americans on food stamps has grown by another 8 percent over the past year.

9 - The U.S. unemployment rate has been hovering around 9 percent for 30 straight months.  It is currently sitting at 9.0 percent.

10 - The total cost of just three federal government programs – the Department of Defense, Social Security and Medicare – exceeded the total amount of taxes brought in during fiscal 2010 by 10 billion dollars.

11 - Back in the year 2000, 11.3% of all Americans were living in poverty.  Today,15.1% of all Americans are living in poverty.

12 - The “free trade” agenda being pushed by our globalist politicians is absolutely killing us.  Even in industries that we were once dominant in we are now getting wiped out.  For instance, in 2010 South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them.  Hundreds of billions of dollars that should be going to support American jobs and businesses is going overseas instead.

13 - Since 1985, the federal government has added 13 trillion dollars to the national debt.

14 - The U.S. Treasury Department says that instead of $14.3 billion, the total losses from the auto industry bailouts will actually be $23.6 billion.

15 - Amazingly, the U.S. federal government is now 15 trillion dollars in debt.  When Obama first took office the debt was just 10.6 trillion dollars.

16 - According to U.S. Senator Bernie Sanders, the Federal Reserve made 16 trillion dollars in secret loans to big corporations, Wall Street banks, foreign nations and wealthy individuals during the financial crisis.

17 - The “too big to fail” banks just keep getting larger and larger.  In the year 2000, Citigroup, JPMorgan Chase, Bank of America and Wells Fargo held approximately 22 percent of all banking deposits in FDIC-insured institutions.  By the middle of 2009 that figure was up to 39 percent.  That is an increase of 17 percent in less than a decade.

18 - More Americans than ever are totally dependent on the government.  In 1980, government transfer payments accounted for just 11.7% of all income.  Today, government transfer payments account for more than 18 percent of all income.

19 - As a result of the lack of good jobs, we have huge numbers of Americans in their prime working years that cannot financially support themselves.  As I have written about previously, 19% of all American men between the ages of 25 and 34 are living with their parents.

20 - America is rapidly getting poorer.  Today, more than one out of every seven Americans is living in poverty and more than 20 million of them are considered to be living in extreme poverty.

21 - Income inequality is rising to very dangerous levels.  According to a joint House and Senate report entitled “Income Inequality and the Great Recession“, the top one percent of all income earners in the United States brought in a total of 10.0 percent of all income in 1980, but by the time 2008 had rolled around that figure had skyrocketed to 21.0 percent.

22 - It is not just the federal government with a debt problem.  State and local government debt has reached an all-time high of 22 percent of U.S. GDP.  Many state and local governments are even closer to going broke than the federal government is.

23 - If you can believe it, during 2010 an average of 23 manufacturing facilities a day were shut down in the United States.  Our economy is literally being gutted like a fish.

24 - Right now, spending by the federal government accounts for about 24 percent of GDP.  Back in 2001, it accounted for just 18 percent.

25 - According to Shadow Government Statistics, the “real” rate of unemployment in the United States is creeping up toward 25 percent.

26 - The Pension Benefit Guaranty Corporation (an agency of the federal government) says that it ran a deficit of $26 billion during the fiscal year that just ended and that it will probably need a bailout from the federal government.

27 - In the midst of everything else, the United States is bleeding national wealth like crazy.  Tens of billions of dollars more goes out of this country each month than comes into it.  Instead of improving, our trade deficit just keeps getting worse.  For example, the U.S. trade deficit with China in 2010 was 27 times largerthan it was back in 1990.

28 - The U.S. housing crash is a crisis that never seems to end.  According to one source, approximately 28 percent of all home loans in the United States are currently “underwater”.  So what is going to happen if the economy gets even worse?

29 - The federal government has borrowed more than 29,000 dollars per household since Barack Obama first took office.

30 - 30 years ago, the U.S. national debt was about 15 times smaller than it is today.  How in the world are we ever going to explain this foolishness to future generations?

Please share these facts with as many people as you can.  The reality is that most Americans have no idea just how bad things have become.

Instead of dealing with the problems that this country is facing, most Americans just try to numb the pain.  As a nation, we are incredibly addicted to pleasure and entertainment.  It is so much easier to spend endless hours staring at the television than it is to get out there and try to do something to turn this country around.

America is in big time trouble.  We desperately need a new generation of heroes to step up to the plate.

All of us have different talents and all of us have something that we can contribute.

Will you answer the call?

StopPlayingChurch Note: As I have written previously, America is in the crosshairs of God’s divine judgment. Only repentance can stop the destruction that will soon take place. Though individuals can still be rescued, America as a nation will not. It is time to take off the rose colored glasses and look at the hard truth of reality. Time is running out. We need men and women who are not afraid to speak the words of the Lord in this hour. They are not pleasant words of ease and comfort. They are harsh, strong words meant to drive man to repentance. There are voices crying out from the wilderness, but not many are listening. The flood of judgment is about to be released and many will be caught unaware and drown into perdition. Please help get this urgent message out to others before it is too late!

Comments

  1. How can we get the message out? What can I do? I know I am called to proclaim Christ’s coming and prepare His Church, but I can find NO ONE who will listen and only get criticized for my negativity and single mindedness.

    • Brother Larry,

      I understand your situation all too well. There are not many heeding the warnings that are going forth. However, we must remain patient and steadfast. We must not panic, but realize that God is in complete control. Pray for those God places on your heart and don’t be overburdened trying to save the world. Feel free to use any of the articles on this site to help others if necessary.

      I appreciate you taking the time to comment. Have a very blessed Thanksgiving!

      In Christ,
      L. Smith

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