Debt ceiling forces US Treasury to take extraordinary measures to avoid a default

A temporary Act of Congress initiated by Donald Trump that allowed the US Treasury to borrow beyond a debt ceiling of $22 trillion expired at the end of July (ref. 1). As a consequence, the US Treasury has stopped issuing new bonds. These bonds were meant to raise the funds that it needs to finance the US government and also to pay off expiring bonds. To meet its financial obligations and avoid a default, the US Treasury has resorted to taking extraordinary measures. Money for government pensions and health benefits are now being used to pay off expiring bonds (ref. 2). The US Congressional Budget Office estimates that these extraordinary measures might allow the US Treasury to avoid a default for around three or four months. That means something significant might happen in October or November this year.

The total US debt is now at a record $28.5 trillion. The US GDP, or gross domestic product, which is a measure of the total national income of the country, in terms of US dollars is now approximately at $22.6 trillion. That means the US owes more than it earns each year.

In law, a person or an organisation is bankrupt when that person or organisation is unable to pay back a debt when required to do so. The numbers say, America is broke. America went for broke long ago, and there is no turning back. It is as if someone with a credit card debt took on another credit card to try to pay off the interest of the first credit card, and then after that took on yet another credit card, ad infinitum. The result is an amount owed that has increased exponentially over time.

The twist is that it is all deliberate!

I have explained this before. When the time is right, the US Treasury will default on its bonds. When that happens, the US Federal Reserve will not be able to print money out of thin air without causing hyperinflation. Of course, they cannot stop printing money because the US government and also the US military would grind to a halt. Therefore, hyperinflation is inevitable.

But again, the twist is that the secret societies that control the USA actually want to trigger hyperinflation.

When there is hyperinflation in an economy, the value of that economy’s currency collapses. Picture wheelbarrows of worthless money like during the Weimar Republic – Germany just before the rise of Adolf Hitler.

In economics, the textbook solution to hyperinflation is a new currency.

Believe it or not, this forthcoming currency of the USA will be the prophetic mark of the beast! The Bible explains that the false prophet, the one with two horns like a lamb that speaks as a dragon, will be the one who pushes the mark of the beast (ref. Revelation 13:11). He will do this in Mystery Babylon.

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.

Revelation 13:16-17

And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand, The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb: And the smoke of their torment ascendeth up for ever and ever…

Revelation 14:9-11

A few weeks ago, it was reported that the CPI, or consumer price index, of the USA in June increased 5.4% – the biggest increase in thirteen years (ref. 3). Prices for food and energy especially were noticeably higher. The talking point doing the rounds then was that there was nothing to worry about because the increase was transitory.

To be sure, inflation is not the same thing as hyperinflation. Inflation, unlike hyperinflation, can be reversed by higher interest rates. Still, inflation creates momentum for further inflation, a vicious circle that leads to hyperinflation.

Modern Monetary Theory and continual Quantitative Easing means the USA is now awash with money. Much of it has inflated asset prices. But some of it has recently started to find its way into consumer prices.

So, this is happening. For the USA, at some point there will be hyperinflation! If you are there, figure out what you are going to do now. Keep in mind, during hyperinflation, many will be financially wiped out. The middle class for sure, but even the well-to-do can be impoverished.

The wicked do not care if there is rioting, looting, and chaos as a result. Their motto has always been “Ordo Ab Chao”, or “Order Out of Chaos”.

Above all, remember, those who receive the mark of the beast will be damned.

Whosoever shall seek to save his life shall lose it; and whosoever shall lose his life shall preserve it.

Luke 17:33

References:

1. Megan Henney (3 August 2021), “Congress misses key debt-ceiling deadline: What that means, what happens next”, yahoo.com

2. David Lawder (3 August 2021), “U.S. Treasury suspends government retirement, health fund payments as debt limit resets”, reuters.com

3. Jeff Cox (13 July 2021), “Inflation climbs higher than expected in June as price index rises 5.4%”, cnbc.com