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.
Revelation 13:17
What purpose has each President been put in office for as God guides history towards its climax?
Well, we can see (in the article below) that Obama layed the groundwork for an international Economic crises (and he also, along with secular leftist politicians & prosecutors have been poking Christians in the eye over religious liberty with gay marriage, obamacare mandates to pay for abortion & transgender bathrooms--and they will push back finally)...then comes along Trump, the alpha-male on the world stage when it crashes down and Christians call for a return to God. Picture natural disasters and economic collapse of unparalleled proportions. And the olive branch to implement this counterfeit Sabbath to the non-Christians could be the Green religion angle, to reduce our so-called carbon footprint so they can appease an angry mother earth while the Christians focus on appeasing an angry Father God. And of course the governments take over the money supply--and if your on the naughty list for not co-operating--you can't buy or sell...obviously the mark of the beast is more than just making Sunday a global Sabbath. It must include the idea of a 6 day work week, and hence the persecution of those who won't work the 7th day Sabbath....remember, when Greece needed a bailout, the IMF & World Bank told Greece to go to a 6 day work week (Greece said no--this last time). But the idea is already out there among the powers that be.
"Foreigners are dumping U.S. debt at a faster rate than we have ever seen before, and U.S. Treasury yields have been rising. This is potentially a massive problem, because our entire debt-fueled standard of living is dependent on foreigners lending us gigantic mountains of money at ultra-low interest rates. If the average rate of interest on U.S. government debt just got back to 5 percent, which would still be below the long-term average, we would be paying out about a trillion dollars a year just in interest on the national debt. If foreigners keep dumping our debt and if Treasury yields keep climbing, a major financial implosion of historic proportions is absolutely guaranteed within the next four years.
One of the most significant aspects of the "Obama legacy" is the appalling mountain of debt he has left behind. As I write this article, the U.S. national debt is sitting at 19.944 trillion dollars. During Obama's eight years, a staggering 9.3 trillion dollars was added to the national debt. When you break that number down, it comes to more than a hundred million dollars every single hour of every single day while Obama was living in the White House. In just two terms, Obama added almost as much to the national debt as all of the other presidents before him combined.
What Obama and the members of Congress who cooperated with him have done to future generations of Americans is beyond criminal.
Unfortunately, hardly anyone is talking about this right now, but the consequences are about to start catching up with us in a major way.
The only possible way that our game of "borrow, spend and stick future generations with the bill" can continue is if the rest of the world participates. In other words, we need them to continue to buy our debt.
Unfortunately for us, a major shift is now taking place. According to Zero Hedge, the most recent numbers we have show foreigners dumping more than 400 million dollars of U.S. debt over the past 12 months:
The wholesale liquidation of US Treasuries continued in November, when according to the just released TIC data, foreign central banks sold another $936 million in US paper in November 2016, which due to an offset of $892 million in buying one year ago means that for the 12- month period ended November, foreign central banks have now sold a new all-time high of $405 million in the past 12 months, up from a record $403 million in LTM sales as of one month ago.This isn't a catastrophic emergency just yet, but if we continue down this road, we will eventually get there. The only way the U.S. government can continue on with business as usual is if it can continue to borrow billions upon billions of dollars at ultra-low interest rates. Now that Treasury yields are rising, some people are beginning to get quite nervous...
As we pointed out one month ago, what has become increasingly obvious is that both foreign central banks, sovereign wealth funds, reserve managers, and virtually every other official institution in possession of US paper, is liquidating their holdings at a disturbing pace, something which in light of the recent surge in yields to over 2 year highs, appears to have been a prudent move.Someday historians are going to look back in horror at what took place during the Obama years.
In some cases, like China, this is to offset devaluation pressure; in others such as Saudi Arabia and other petroleum exporting nations, it is to provide the funds needed to offset the drop in the petrodollar, and to backstop the country's soaring budget deficit. In all cases, it may suggest concerns about a spike in future debt issuance by the US, especially now under the pro-fiscal stimulus Trump administration.
The amount that was added to the national debt during his years comes to "approximately $75,129 for every person in the United States who had a full-time job in December". There is no possible justification for this. But because there haven't been any catastrophic consequences so far, most people assume that this theft from future generations of Americans must be okay.
In a previous article, I explained that government debt greatly stimulates the economy. If we had not borrowed and spent 9.3 trillion dollars over the past eight years, we would be in the worst economic depression in U.S. history right now.
But most people don't understand this. They don't get the fact that we are living way, way above our means. And they also don't get the fact that the only way that Donald Trump can keep the party going is to borrow and spend just like Obama was doing.
And even with all of Obama's recklessness, he was still the only president in all of U.S. history not to have a single year when U.S. GDP grew by at least three percent." Charisma