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Debt, National

Go to Bible verses for: Debt, National

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Feast of Tabernacles Sermon; Sep 25, 2018
Urgency to Get Closer to God

Kim Myers, observing the worsening moral, economic, political, and cultural climate in America, speculates that the time when the offspring of Jacob are going to pay the piper is rapidly closing in. With a national debt of 23 trillion dollars, far larger than the combined GDP of a dozen developed nations, America is on the cusp of paying dearly for her abrupt turn to immorality, when murder and sodomy has become established as the law of the land. The advocates of "political correctness" (Satanic doublespeak) have increasingly criminalized righteous dialogue. Censorship of religion has waxed fiercely out of control. The LGBT community has become increasingly assertive and litigious, forcing the tolerance of perverted sexual lifestyles, paving the way for pedophilia and bestiality to enter the mainstream. Young people have adopted a dependent, entitlement orientation, refusing gainful employment on any terms. Food processors are poisoning our food at the same time that they have corrupted our seed stock—vital for the health of any people. The result is the pandemic increase of a host of degenerative diseases. Opioids, a relatively marginalized threat two years ago, now snuff out over 72,000 American lives a year. People high and low today call good evil and evil good; we cannot avoid reaping what we have sown. As God's called-out ones, we need to cultivate a sense of urgency in the enhancement of our relationship with God.

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Commentary; Jun 23, 2018
Individual State Bankruptcies (Part Two)

John Ritenbaugh continues his appraisal of the startling state of affairs in which states such as California, Illinois, and Minnesota, all levying confiscatory taxes for wasteful liberal fiscal programs, are hemorrhaging productive taxpayers to more fiscally responsible states such as Texas, North Carolina, Utah, and South Dakota. Because of the hopelessly irresponsible fiscal policies of Illinois, the exodus from this hapless state has drained enough productive taxpayers to populate its four largest cities (exclusive of Chicago). Leftist enclave states such as California, Illinois, Washington and Oregon have figuratively shot themselves in the foot by (1.) making employment increasingly difficult to find, (2.) fostering an oppressive attitudinal personality, (3.) causing a prohibitive high cost of living, (4.) obfuscating and falsifying government statistics, and (5.) harboring hardened criminals through the vehicle of "sanctuary" states and cities. The failure of liberal 'progressive' policy can be seen most dramatically on the "left coast" extending from California to Washington. Sadly, the modern-day descendants of Manasseh will evidently continue to vote for irresponsibility while simultaneously rejecting common sense.

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Commentary; Jun 2, 2018
Individual State Bankruptcies

John Ritenbaugh examines an enigmatic phenomenon of productive, middle-class Americans emigrating from highly taxed, nearly bankrupt states, such as New York, Illinois, and California, to more tax-friendly and fiscally responsible venues such as Texas, North Carolina, and South Dakota. Corrupt and profligate politicians waste precious revenue, confiscating wealth from the industrious and giving the fruits of their labor to the indolent. Consequently, locales that were formerly cash cows, such as Detroit, are turning into ghettos whose poverty rivals areas of the third-world. California is a case in point. In the 1950s the world's fifth largest economic power, the Golden State is experiencing the deleterious loss of tax-paying middle-class citizens, all the while absorbing hordes of welfare-seeking illegal aliens. Since the economic bloom came off the rose in 1995, California has lost 2 million tax-paying workers and, forecasters aver, will lose another 800,000 in 2018 to more fiscally-accountable states.

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Commentary; Feb 25, 2017
The Money Has Failed (Part Four)

Martin Collins, continuing the "Money has Failed" series, contends that the move to a cashless society, in which the "bankster" elites have greedily commenced stealing the true physical wealth of society, replacing it with relatively worthless Federal Reserve Notes ('promissory' I.O.U.'s), will drastically drive up inflation, causing bankruptcies and foreclosures on a massive scale.The price of food has risen 8% annually, making it impossible to fill up a grocery cart for under $100 today. For example, the price of ground beef has risen 45%, a loaf of bread 39%, apples 36%, salt 34%, and vegetables 33.7%. Today, the inflated Federal Reserve Note is worth about 3 cents on the dollar since the establishment of the Federal Reserve System. Because of the disastrous process of quantitative easing (the continuous frenetic printing of valueless paper notes), the resultant damage appears beyond repair. National debt, hyperinflation, and negative interest rates for savings have burgeoned worldwide. God's people need to prepare for this impending disaster by getting out of debt as quickly as possible, and put effort into obeying God, valuing spiritual satisfaction above physical satisfaction.

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Commentary; Feb 11, 2017
The Money Has Failed (Part Three)

Martin Collins observes that the Globalist war on cash is underway with the ultimate objective of taking away freedom and privacy for all. Though Globalists claim that the target of these measures are drug dealers and black market arms merchants, their true target is control of the world's wealth, 'legitimatizing' their right to steal the wealth of all the unsuspecting citizenry through electronic manipulation, maliciously controlling or 'regulating' what people can buy or sell. Consequently, the Globalist "banksters" can track all our purchases, can freeze our accounts for any reason, can levy confiscatory fees or taxes, can impose negative interest rates on our savings, and can confiscate all currency and re-issue less valuable electronic currency, driving up inflation, and destroy our privacy, eerily similar to the Mark of the Beast of Revelation 13.

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Commentary; Dec 31, 2016
The Money Has Failed! (Part Two)

Martin Collins, describing the nefarious plan of the world's banking institutions to pull nations into a cashless society, suggests that these institutions have accomplished their goals incrementally, by eliminating larger banknotes, as well as restricting how much cash can be used on a single purchase, or limiting the amount of cash one may withdraw. Ostensibly, the reasons given for these measures are noble—to safeguard the public from criminal elements trafficking in weapons or drugs. The cashless scheme has spread its tentacles to Venezuela, Australia, France, Greece, Spain, Israel, Turkey, Cyprus, Denmark, Norway, and Sweden, and will soon be coming to a bank near you. In this 'post-truth' era, we need to beware of "Greeks bearing gifts," realizing that the motives of those finance corporations who desire to create a cashless society are not pure; behind them lurks the sinister goal of controlling and stealing, rather than providing security. We may be approaching the time when the cash literally has failed (Genesis 47:14) as a result of the world's governments abandonment of their God -given duty to protect their citizenry, ultimately turning them into little more than penned and herded cattle.

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Commentary; Sep 17, 2016
Political Correctness in Spades (Part Five)

John Ritenbaugh reiterates that political correctness is a kind of programmed conditioning, undertaken by leftist 'liberal' 'progressives' to convince people to override their common sense and the evidence of their five senses, coercing gullible people to ardently believe that a blue barn is flaming red while a flaming red barn is sky blue, or that evil is good and good is evil. 'Progressives' would have us believe that gender is a matter of choice, made possible by cutting appendages off and augmenting others by chemicals. 'Progressives' would have us believe that gun-free zones prevent violence. 'Progressives' would have us believe that the economy is robust and healthy when the national debt has never been higher and hopelessly out of control. 'Progressives' would have us believe that Black Lives Matter (an organization funded by hateful white billionaire and former Nazi-collaborator George Soros) seeks to protect black lives, when in reality it delights in massive black abortions, condones 500 black-on-black homicides in Chicago annually, but hysterically foments rage when any policeman wounds or shoots a black man under any circumstances. The proponents of Black Lives Matter want to brainwash the community to accept the fiction of police brutality, while enabling unscrupulous politicians to gain control of the inner cities as their domain. 'Progressives' may hypocritically denounce terrorists with black masks and scimitars, but graciously condone terrorists with white masks and scalpels who have murdered millions of innocent babies in the name of 'Women's rights.'

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World Watch; September 2016
Germany's Dilemma

Germany is in a bind. It is an industrial powerhouse, the richest economy in Europe, but it must prop up several poor-performing economies throughout the rest of the European Union. Berlin cannot continue this practice lest they drag it down with them. David Grabbe warns that Germany's decisions on these matters could have far-reaching consequences for Europe and the rest of the world.

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Commentary; May 28, 2016
Skyrocketing Indebtedness

John Ritenbaugh, observing a gigantic chasm between conservative talk radio, alternative media, and the 'official' Federal Government's portrayal of the American economy, concludes that the Obama Administration's calculations of economic indicators are not only full of equivocation and sleight of hand, but also weighed down by shameless prevarication. The rosy 5% unemployment figure touted by the government is deceitfully achieved by counting a plethora of part-time entry-level jobs, enough to provide spending money for teenagers but not enough to support a family, under-employed workers compelled to make ends meet by cutting the neighbor's grass or driving Uber taxis, and tens of thousands of unemployed people who have given up looking. Government statisticians and economists smugly count people working 30 hours a week at a minimum wage as fully employed. The real statistics, suppressed by the government-controlled media, bare the truth that only 41percent are employed, with most people skimping by, succumbing to indebtedness. Not even considering the shameful national debt amassed by the current Administration, personal indebtedness is now in the trillions of dollars: College students owe one trillion dollars in accumulated tuition debt, while millions of Americans will never fully "catch up on the credit card debt. A recent article in the Atlantic Monthly exposed the fragility of the disappearing middle class, suggesting that most Americans, because of governmental economic policy, are so cash poor that they could not scrape $400 together for an unexpected bill unless they sold something or borrowed money from a friend or relative. 47% of the American citizenry are dependents of the Federal government, which sadly, because of gross incompetency, is also cash poor. Most of our citizenry is ignorant about the causes of this demise, failing to realize that God is plaguing this nation for its blatant, calloused sin.

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Commentary; Mar 19, 2016
In the Wake of an Unnatural Disaster (Part Ten)

John Ritenbaugh quotes from a shocking letter from 91-year-old former President Jimmy Carter, who asserts that we no long have a true democratic republic in the United states, but instead we are being ruled by an unelected oligarchy (rule by a few elite). Today, we have a government glued together with special interests, leveraging bribes and blackmail to advance failed social programs. No longer do we have a true representative democracy, but a small group of wealthy elite are pulling the strings, transforming our government into a leftist, socialist tyranny, allowing a handful of evil, avaricious men to tap into the public treasury, deluding the gullible public into thinking they are taking care of the people by redistributing the wealth, stealing from the productive and giving it to the unproductive, totally at odds with God’s principles of stewardship. The obstreperous demagogues promising economic goodies from the womb to the tomb have not yet matured to the realization that there is no such thing as a free lunch. We no longer have a trustworthy government. Our ethics and morality, our freedom, our wealth, our dignity, and self-respect, are rapidly eroding away under the willing guidance by a criminal oligarchy, inspired by the prince and power of the air, the current ruler of the world. The judgments of God against this corrupt system have already begun.

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Sermon; Sep 22, 2012
Is Redistribution of Wealth Biblical?

Richard Ritenbaugh points out that Barack Obama has steadfastly endorsed the Marxist policy of redistribution of wealth, insisting that the government take from the successful and give to the indigent through confiscatory taxation. Since 47% of the populace has been rendered government dependents, the current administration is on its way to impose these Robin Hood or Marxist policies. Redistribution programs, wherever attempted by communist or socialist regimes, have been total failures, permanently destroying the incentive and productivity of the people. When government demands that the wealthy give to the poor, the wealthy stop being productive and take their productivity to a more humane location. Government redistribution hurts everybody, creating shared misery. The leftist progressives claim that socialism is advocated by Jesus Christ who said we should give the poor. The Bible does not teach equality; economic disparity is presented as a given. Scriptures teach that we should voluntarily help the poor, but never criminally coerced by a tyrannical government. Paul's example of maintaining his tentmaking skills, not demanding his benefits from the Corinthian church, demonstrates that we also should not assume an entitlement attitude. Jesus Christ warns against self-exalted or hypocritical charity, but counsels that it should come from the core of our character. Marxist socialists, with their warped concept of a zero sum game, mistakenly assume that disparity of wealth is caused by the rich stealing from the downtrodden. Socialists desire to take from the wealthy and give to the poor, creating equality. The Bible does not teach equality, but equity. Whereas quality is sameness or uniformity, equity is impartiality, justice, and legal fairness without any trace of favoritism or bribery. Socialist equality mandates sameness of outcomes, with everyone wearing the same gray Maoist jumpsuit a grim evenness with everyone suffering equally. God does not treat everyone equally. Life is full of reversals teaching

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Prophecy Watch; July 2011
Economics in Prophecy

With both the United States and Europe dealing with an impending financial disaster, the world today is full of economic news. Economic terms and philosophies are common knowledge to many. While many doubters think that the Bible is not sophisticated enough to comment on such modern ideas, Richard Ritenbaugh explains that God's Word does indeed factor economics into the end-time equation in its prophecies.

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Commentary; Mar 14, 2009
The Fear Has Shifted

John Ritenbaugh, observing that the news of Iran, Iraq, Pakistan, and Israel has diminished, suggests that the economic woes of America have taken over in the news. Economist Martin Weiss suggested that this demise has been coming at us like a roaring freight train. A family, a company, or nation cannot keep spending beyond its means without suffering consequences. It is illogical that we need to spend money in order to get out of debt. Like ancient Rome, who tried to entertain its citizenry by bread and circuses, while it spent itself into oblivion. The Chinese, economically in better shape than we are because of the industrial base we have given them, have guaranteed 15% of our national debt. The foolishness of the government in thinking it can spend itself out of debt by printing more "funny money" will bring hideous economic slavery to this nation. When nothing backs up the currency, it becomes worth nothing.

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World Watch; March 2009
Is This How to Fix a Broken Economy?

Over the past several months, the world's economy has struggled, and economists are divided about how soon we may see a recovery. However, Richard Ritenbaugh exposes what is really happening: In the name of turning the economy around, the government is destroying American capitalism.

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Commentary; Dec 6, 2008
Breaking Israel's Pride

John Ritenbaugh, affirming that one synonym of pride is arrogance or inordinate self-esteem, suggests that the woman riding the Beast in Revelation 17:9 is none other than the arrogant super power America (or modern Israel), unable to control its wealth, using its wealth to control. Because of its greed, modern Israel has squandered the blessings of Abraham, putting itself at the mercy of lender nations, with liens against all of our possessions. Modern Israel has not yet learned that there "ain't no free lunch." The reality of the depth of this crisis has not really hit the national psyche. We are living through the process of the United States of America becoming a debtor nation, a slave to her creditor lovers.

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CGG Weekly; Dec 5, 2008
Biblical Finance

Richard T. Ritenbaugh:  All the news that is fit to print these days seems to revolve around our hobbled economy. ...

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Commentary; Oct 4, 2008
A Gift Opens Doors

John Ritenbaugh, reflecting on the shameless government 'bailout' last week, suggests that blatant extortion and bribery were the raw motivating forces behind this unconscionable economic debacle. Prominent United States Senators deferred their 'moral' principles in order to get tax breaks for their constituents (for improving NASCAR facilities, to provide special favor for wooden arrows, and bribing the film industry to work within the United States rather than outsource their work internationally) making disgusting amoral pragmatic choices, tantamount to outright extortion and thievery. The bribe seems to be the magic elixir designed to turn a moral man into a pragmatic amoral man. The European economic powers, following the example of greed of their American tutors, contributed to throwing the world's economic systems into a global panic and turmoil.

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CGG Weekly; May 19, 2006
America's Imminent Perfect Storm

Richard T. Ritenbaugh:  As spring turns toward summer and the fall elections march ever nearer, winds of change are blowing across this nation, auguring a critical moment in American history. ...

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Sermon; Dec 11, 2004
The Present and Future Crisis (Part 1)

John Ritenbaugh, reflecting upon escalating energy prices, urges caution and self-control in spending and taking on debt. If the supply of oil should be drastically cut, all vital services would shut down, and our quality of life would deteriorate. In 1971, the U.S. reached the state of "peak oil" (when supply could no longer keep up with demand), forcing it to become increasingly oil-dependent. As the world industrializes, the demand for oil will quickly outstrip the total available supply (possibly to occur in November 2005). The rising cost of this dwindling resource presages the destruction of Babylon, the hub of the world's economy (Revelation 18:8-20) Christians need to exercise diligence to "know the state of our flocks," acquiring economic stability by submitting to God's counsel, sacrificing now before outside forces usurp our economic substance. Responsible economists admonish us to 1) avoid new debt and 2) get liquid (save). We cannot afford to do nothing.

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World Watch; May 2004
No Money, No Empire

World news, trends, and comment in light of Bible prophecy for May 2004: "No Money, No Empire."

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Sermon; May 9, 1998
Preparing for Bad Times (Part 1)

John Ritenbaugh, soberly reflecting on the $19 trillion dollar national debt and with 25% of American private citizens two days away from bankruptcy, he warns that the prudent shouldn't continue to live in a fool's paradise, but should make common sense preparations, like the ant, (Proverbs 6:6-8) storing up provisions for at least a season. Prophetic warnings are given to motivate preparation. Both the watchman and the one who hears (Ezekiel 3:17) have a grave responsibility to make prudent economic and spiritual preparations for bad times, tightening belts, helping themselves and others through the tough times.


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