Worldwide Economic Collapse:

Jesus said the coming of the Son of Man will be just like the days of Noah (Matthew 24:37-39). The thing about the days of Noah is that even in the midst of terrible apostasy, evil, violence, and rebellion against God, the people went ahead with their normal lives. They planted fields, they harvested crops, they built houses, they got married, and they had children. They went about business as usual, until the very day that Noah entered the ark, and then destruction came and took them all away

1 Thessalonians 5:3 For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.

Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Business as Usual: Is the U.S. Debt Bubble Going to Burst?

July 23, 2019 by IWB

The U.S. economy may be in the middle of its largest expansion in history, but record levels of debt could signal trouble on the horizon. In February 2019, the U.S. national debt reached a record $22 trillion, and the annual deficit for this year alone is expected to be almost $1.1 trillion. At the consumer level, household debt (which includes mortgages, auto loans, student loans, and credit card debt) has risen for 19 straight quarters. With these overarching trends in mind, here’s what we learned.

The national debt has rapidly increased over the past 40 years, doubling in the past decade alone.

The U.S. has one of the highest debt-to-GDP ratios in the world.

In general, the governments in larger states incur more debt than the governments in smaller states.

Millennials have higher debts than other generations like Gen X and Baby Boomers.

The type of debt that consumers incur has changed over time, with mortgage debt decreasing over the past decade and student loan debt increasing.

The visualization above references data compiled by The Balance from the Treasury Department’s “U.S. Debt to the Penny” report to map how much the national debt has grown since 1934. The national debt was only $25 billion back then, and it stayed below $1 trillion until 1982. After that, the national debt increased exponentially from the 1980s to the 2010s, eventually leading to the $22 trillion mark where it is today.