The Economic Apocalypse Coming Soon to the USA and How it Will Happen

America is heading rapidly for a major economic apocalypse of Biblical proportions. That apocalypse is described in the Bible:

The World Mourns Babylon’s Fall

⁹ “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, ¹⁰ standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’

¹¹ “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore: ¹² merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble; ¹³ and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men. ¹⁴ The fruit that your soul longed for has gone from you, and all the things which are rich and splendid have gone from you, and you shall find them no more at all. ¹⁵ The merchants of these things, who became rich by her, will stand at a distance for fear of her torment, weeping and wailing, ¹⁶ and saying, ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! ¹⁷ For in one hour such great riches came to nothing.’ Every shipmaster, all who travel by ship, sailors, and as many as trade on the sea, stood at a distance ¹⁸ and cried out when they saw the smoke of her burning, saying, ‘What is like this great city?’

¹⁹ “They threw dust on their heads and cried out, weeping and wailing, and saying, ‘Alas, alas, that great city, in which all who had ships on the sea became rich by her wealth! For in one hour she is made desolate.’

²⁰ “Rejoice over her, O heaven, and you holy apostles and prophets, for God has avenged you on her!”

[Rev. 18:9-20, Bible, NKJV]

In the Bible, Babylon is merely a symbol for every government on earth which eventually falls. America is falling farther than others in the past because it has grown rich and passed its Zenith. Below is an explanation of WHY God has to destroy corrupt governments:

How Scoundrels Corrupted Our Republican Form of Government, Family Guardian Fellowship
https://famguardian.org/Subjects/Taxes/Evidence/HowScCorruptOurRepubGovt.htm

Below is the sequence of events that will cause the biblical apocalypse mentioned above in the case of America.

1. The public debt has been building for decades. It currently stands at $33T and counting. See:
   https://www.usdebtclock.org
2. The rate of increase in public debt and spending is growing quickly and is fed mainly by:
   2.1. Declining birth rates that is causing an aging population and a shrinking job market.
   2.2. RAPID rates of retirement for the workforce of 10K per day as people retire, stop paying taxes, and start drawing benefits. Thus, the ratio of people working to those receiving government entitlements is shrinking to less that 2 to 1.
   2.3. Constant deficit spending that is ever growing. The solution for every problem for the Democrats is spend more and tax more and never cutting spending. Thus personal sovereignty decreases as government grows.
   2.5. Mismanagement of the public debt by the Treasury Secretary by selling short term rather than long term debt that is vulnerable to rate increases caused by inflation.
   2.6. Pandemic overspending from 2000-2002.
   2.7. Immigrant hoards invading the country by the millions and going on the public dole, stressing local budgets to support them.
3. The results of the growing public debt and deficit spending is:
   3.1. An accelerating inflation rate.
   3.2. A lowering of the U.S. credit rating.
   3.3. An increase in bond yields and interest costs to service the debt that causes an even greater deficit.
4. As the inflation rate grows:
   4.1. The rate of increase of public benefits goes up with Cost of Living Increases. This makes the deficit even larger.
   4.2. The public debt is inflated away and becomes easier to service.
5. Public and world reaction to the increasing inflation rate consists of:
   5.1 Other countries dump the dollar as a reserve currency because of the inflation. The BRICs nations are an example of this.
   5.2 Other countries switch to commodity based trading with gold and silver or local currencies.
   5.3 The Fed is then forced to intervene by jacking up interest rates, which then increases bond yields and interest costs, thus accelerating the meltdown.
6. The inability to balance the budget is caused by gridlock and polarization in Congress. Thus, Congress cannot timely respond to the big financial tsunami or even balance the budget to prevent it. Therefore, the whole system spirals out of control.
7. At some point, the deficit is so large that no one will buy the bonds and Congress can no longer borrow. It is therefore forced to either:
   7.1. Balance the budget by cutting entitlements, which are not discretionary and by far the largest part of the federal budget.
   7.2. Increase taxes so high that they will cut overall revenue even more because people will no longer want to work. When the tax rate goes above 30%, the Laffer curve proves that people leave the workforce in droves and thus cut overall tax revenue. Or, they go underground and quit paying taxes altogether or begin filing as a nonresident alien and legally leave the tax system.
   7.3. Declare bankruptcy.
8. Congress will be too polarized to act. Therefore:
   8.1. Hyperinflation will ensue.
   8.2. People will hit the streets.
   8.3. Violence will massively increase because people will fight each other stealing resources to survive just like the collapse of the Soviet Union in 1992.

Right now, we are already seeing consistent signs that we are in the final stages above:

1. National debt is increasing exponentially:
   https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
2. The credit rating of the United States government is steadily going down. See:
   https://www.moodys.com/credit-ratings/United-States-of-America-Government-of-credit-rating-790575
3. Bond yields are the highest they have been in decades.
   https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics
4. Foreigners are:
   4.1 Stopping buying Treasury Notes, including China and Japan.
   4.2 Dumping the dollar and forming their own trading currency. The BRICs nations are doing this now, consisting of Brazil, Russia, India, and China. Egypt and India have already dumped the dollar for inter-country trading..
5. Inflation is accelerating despite Fed intervention. The deficit is too high for FED intervention to make any difference with inflation at this point.
   https://www.bls.gov/cpi/
6. People are offloading the dollar and buying gold in preparation for the meltdown.
   http://kitco.com
7. The public debt is currently about 235% of the GDP. This means all income earned by the entire country for two years would be needed to pay off the national debt. This hasn’t happened since World War II in 1945. See:
   https://historyincharts.com/us-national-debt-to-gdp-ratio-by-year/

More on this subject at:

Money, Banking, and Credit, Section 11.4: Government Debt
https://famguardian.org/Subjects/MoneyBanking/MoneyBanking.htm#Government_Debt

Below is what would happen if we ran our personal financial affairs the way the government does and then walked into a bank to get a loan: