Tag Archives: the national debt

America’s Debt Problem and the Bible

The USA Crosses the Forbidden 666 Barrier

by Pastor Paul J. Bern

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The 2017 fiscal year for the budget of the US government just ended late this past summer, and the results are in. The Lame Stream (sorry, I meant ‘main stream’) media and various other “presstitutes” are dutifully reporting what they’re told to report, while not having the slightest inkling as to the Biblical meaning and spiritual significance of what they publish and report on. And yet despite all that, the headline on Saturday morning’s CNN’s website reads, “Deficit for 2017 hits $666 billion”! Now just to be clear about this, CNN is not exactly my favorite news source, but Fox and all the other old mainstay networks are even worse IMHO. But the fact that the federal budget deficit (not to be confused with the ‘national debt’) is the same number as the “mark of the beast” from Revelation 13, verses 11-18 has gone unnoticed – THAT is what surprises me a great deal. But in another way, this occurrence doesn’t surprise me at all. My reason here is simply that it seems like the whole world is going in that direction.

The similarities between the economic monstrosity known as ‘debt’ and the moral monstrosity of the Antichrist and the number 666 are striking. Both fly in the face of God because they are devoid of any love or compassion, and because they challenge the Supreme authority of God. There is plenty of scripture to back this up. Let me start in the Book of Exodus in the Old Testament and work my way forward from there, and I quote: “If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. If you take your neighbor’s cloak as a pledge, return it to him by sunset, because his cloak is the only covering he has for his body. What else would he sleep in? When he cries out to me, I will hear him, for I am compassionate.” (Exodus 22: 25-27) As you can see, it is not a sin to borrow money or lend it at interest provided the terms are affordable and reasonable enough. I can remember being taught as a child that it was a sin to borrow money. All the adults in my life at that time were proud of the fact that everything they owned – excluding the lots their hand built houses were built on – was bought and paid for. They built the houses themselves, and even their cars were paid for. It was a world that simply no longer exists.

The CNN article goes on to say, “The deficit reached 3.5% of the size of the economy, or GDP. In 2016, the deficit was 3.2% of GDP. The deficit reflects the gap between how much the government brings in and what it spends. Accrued deficits over the years contribute to the country’s debt held by the public, which in 2017 rose to $14.667 trillion. But as a share of the economy, it actually fell slightly to 76.3%, down from 76.7% in the year-ago period. (Those figures don’t include the money owed to government trust funds like Social Security.)“ At this rate, and if nothing is done – a frightening possibility considering the current state of the US Congress – the interest on America’s ‘national debt’ would exceed 20% of GDP by 2030 if the CNN figures are accurate, and I should hope they are! But if we set that aside and look beyond all these things, we can find the real underlying causes of America’s indebtedness problems.

For this, we’ll stay in the Old Testament and skip over to Deuteronomy chapter 15, verses 1-11, and it reads as follows from the NLT Bible: “At the end of every seventh year you must cancel your debts. This is how it must be done. Creditors must cancel the loans they have made to their fellow Israelites. They must not demand payment from their neighbors or relatives, for the Lord’s time of release has arrived. This release from debt, however, applies only to your fellow Israelites – not to the foreigners living among you. There should be no poor among you, for the Lord your God will greatly bless you in the land he is giving you as a special possession. You will receive this blessing if you carefully obey the commands of the Lord your God that I am giving you today. The Lord your God will bless you as he has promised. You will lend money to many nations but will never need to borrow! You will rule over many nations, but they will not rule over you! But if there are any poor people in your towns when you arrive in the land the Lord your God is giving you, do not be hardhearted or tightfisted toward them. Instead, be generous and lend them whatever they need. Do not be mean-spirited and refuse someone a loan because the year of release is close at hand. If you refuse to make the loan and the needy person cries out to the Lord, you will be considered guilty of sin. Give freely without begrudging it, and the Lord your God will bless you in everything you do. There will always be some among you who are poor. That is why I am commanding you to share your resources freely with the poor and with other Israelites in need.

OK, let’s take this from the top since there’s so much in this one paragraph. “At the end of every seventh year you must cancel your debts. This is how it must be done. Creditors must cancel the loans they have made to their fellow Israelites.” So right off the bat we see the entire US mortgage industry has compelled an entire country into sin. After all, this certainly applies to all nations, not just Israel. In America, we either pay interest for 30 years or we rent, that’s how dwellings and commercial buildings of various types are bought and sold. So, we are faced with the choice of paying, say, $200,000.00 or more for a new basic model 3 or 4 bedroom house here in Atlanta where I reside, or renting. With interest figured in, the total price for that house over 30 years would be approximately $333,000.00 dollars. So, the Bible is telling us that a good-sized portion of that excess $133,000.00 in interest on our hypothetical $200,0000.00 mortgage is sinful, meaning it’s sinful to charge people that much interest or to make that much profit on one stinking’ house! This, my dear readers, is why capitalism as we have known it is unsustainable. Capitalism is unsustainable because it’s sinful! This is the Scriptural ‘proof of the pudding’ right here in Deuteronomy.

They must not demand payment from their neighbors or relatives, for the Lord’s time of release has arrived. This release from debt, however, applies only to your fellow Israelites – not to the foreigners living among you.” So this time of forgiving of debts is called the “time of release” in my NLT Bible, and my NIV calls it “the Lord’s time for canceling debts”. At the time this was written, the ancient Hebrew nation was at the latter stages of their 40 years of wandering in the desert, but prior to the time of taking possession of the land the Lord was going to give them, since Moses was still alive at this time. As this was applied to the Hebrew nation from the time of Moses, so it remains with modern America. If it were against the law for any loan to be of more than 7 years duration, there wouldn’t be any poor or homeless people. But the rich would lose most of their ill-gotten gains, and the entire mortgage industry would have to be extensively restructured. Now you know why nothing ever changes.

The only way to stop this gross injustice – which amounts to legalized loan sharking – is to refuse to go along with the system. Passive resistance can be a very effective tool in forcing change to come about at the societal level – that is, nonviolent resistance. Rev. Dr. Martin Luther King, Jr. was a master of this very thing, which freaked out the FBI and the “Department of Justice” to such an extreme they enlisted the aid of the CIA to have King killed. So how do we take an cue from Rev. Dr. King’s playbook? One of the most effective things we could do today about our rigged economic system would be for everyone to boycott their student loans. If we stop paying on our homes and our cars, the bankers and finance people foreclose and repossess. But with the student loans – and other unsecured loans like your credit cards – if we walk away as a united people, there’s nothing for them to take back. It would be tantamount to a national strike, and we wouldn’t even have to leave our homes!Wow, wouldn’t THAT be something!! Moving right along….

There should be no poor among you, for the Lord your God will greatly bless you in the land he is giving you as a special possession. You will receive this blessing if you carefully obey the commands of the Lord your God that I am giving you today.” Just as God Almighty gave what was then known as the “Land of Canaan” to the Hebrew nation – or Israelites, they mean the same thing – during the time of Moses, I am certain that God gave what become North America to the early settlers “as a special possession” too. The Bible even spells out the payoff for following the commands and tenets of the Lord Almighty in this regard: “The Lord your God will bless you as he has promised. You will lend money to many nations but will never need to borrow! You will rule over many nations, but they will not rule over you!” Isn’t that the position America was in up until the 1980’s or so? Weren’t we the largest money lending nation in the world? Look at us now! We’re the largest debtor nation. We’ve gone from one extreme to the other! And it’s all because of America’s sins! What sins, some may ask? We’re the world’s largest arms maker and exporter. We’re the largest producer of pornography, the largest consumer of illegal drugs, and we have the most people in prison of any other country in the world – by more than triple the #2 nation, which is Communist China. Until America repents of these things by getting to the root cause, her problems will continue to get progressively worse!

But if there are any poor people in your towns when you arrive in the land the Lord your God is giving you, do not be hardhearted or tightfisted toward them. Instead, be generous and lend them whatever they need. Do not be mean-spirited and refuse someone a loan because the year of release is close at hand.” God despises anyone who despises the poor! Sometimes when I’m in downtown Atlanta at the main train station waiting on a bus to take me out to my neighborhood, I sit and watch the homeless people – and Atlanta has plenty of them because wages are extremely low – beg for money. I give them all my spare change if they ask for it, and I have been known to buy people sandwiches who are in need. But the vast majority of the passers-by won’t even acknowledge them if approached, and will even step up their pace to get by the beggars faster. This is one reason I have never cared for the meme “conservative Christian”. It’s because they seem to be consistently too conservative to give. They all seem to be too busy ‘conserving’ to have a single ounce of human compassion. Such individuals risk being judged harshly by the Lord, and some will be condemned.

If you refuse to make the loan and the needy person cries out to the Lord, you will be considered guilty of sin….That is why I am commanding you to share your resources freely with the poor and with other Israelites in need.” This means if someone who is in a position to help people fails to do so, even if it’s nothing but loose change, and the homeless man or woman cries out to God against that individual, they will have committed sin against God. Sin is defined as breaking God’s commandments. Therefore, all sinners are essentially lawbreakers. I can’t speak for anyone else, but I don’t want to spend my life as an outlaw. I want to follow God’s precepts in order to obtain my eternal reward that awaits me. Since America is collectively in sin, as I already explained, the repentance will have to start with each individual. Those at the top – America’s top 1% when measured in wealth – are certainly not going to repent of their sins. They’re making too much money to want to repent, and their end will be eternal judgment. But the rest of us can collectively stop these practices of financial corruption, one person at a time. We can make up our minds to live debt-free. And yes, it can be done. Like former president Obama said, “Yes we can!”

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The US Economy Is A Scam

Wells Fargo, the Problem With Capitalism, and the Bible

by Rev. Paul J. Bern

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I was alive and kicking back in 1989 when the Berlin Wall fell, and in the ensuing years when Communism imploded all across Russia, and Red China soon after. The American political and military leadership smugly congratulated one another when Communism fell. “Well, looks like we won the Cold War”, they said among themselves. What nobody realized at the time was that America was going to be next. It’s just that it’s taking a lot longer for that to play out over here. America has an ‘ace in the hole’ that the USSR never had – free enterprise. I’m strongly in favor of free enterprise and private ownership. I always have been, so I’m no communist or socialist, but what I disapprove of is when our economic system gets abused by people whose greed is out of control. These are a set of financial predators who are in need of arrest and restraint!

As a result of these occurrences, the capitalist economic system is ripe for a collapse reminiscent of Communism’s collapse a quarter century ago. Interest on America’s national debt is accruing faster than than the principal can be paid down. Our country is buried under a mountain of debt from which it is impossible to extricate ourselves. The fault for this lies with the so-called ‘Federal Reserve’, which in fact is neither. The Constitution of the United States says in Article 1, Section 8, “The Congress shall have the power to lay and collect taxes, …. coin money and regulate the value thereof, and of foreign coin….”. Nowhere does it say “print money”, nor does it say anything about a Federal Reserve. Real money must be coined, not printed, and only Congress is authorized to coin money by the Constitution. The very existence of the Federal Reserve is unconstitutional! The so-called ‘national debt’ is a scam, a fraud, a federal crime and an assault on the freedom of all Americans everywhere! The Federal Reserve is something that clearly needs to be stopped, and preferably nationalized. Fortunately, “we the people” probably won’t need to stage a revolt to make this occur. Like Soviet Russia, capitalism will collapse on its own. It won’t need any help. I can sum up the reason why in one little word – debt.

Not only is debt and the accompanying compounded interest reaching a point of no return, America is faced with the indisputable fact that the super-power era is at its end as far as world history is concerned. Nations in other parts of the world, particularly in emerging economies, have started to figure out that mutual cooperation for profit is in everyone’s best interests. Unfortunately, my country, the venerable USA, has yet to get the message. The US refuses to abandon its war-based and debt-based economy, because if it does, it would be tantamount to voluntary relinquishing America’s role as the sole remaining super power. The nail in the coffin of American ‘supremacy’ will be the forcible replacement of the US dollar as the world’s standard currency. Russia and Red China have already signed the trade and economic treaties to accomplish this, it’s a done deal. It’s only a matter of time as to how long this will take to play out.

But the war is also being waged right here at home, a fact that millions of Americans are just now beginning to wake up to. People’s bank accounts are being raided by the very banks that purport to serve them as loyal customers. The most notable example of this was this past week’s disclosure by the US Department of Justice of Wells Fargo Bank opening multiple accounts in its customers’ names, unbeknownst to those customers, and getting commissions and bonuses as a result of this nefarious and fraudulent financial activity. In an article posted Wednesday Sept 21, 2016 on CNN.com written by Walter Einenkel, he wrote:

A couple of weeks ago, Wells Fargo agreed to pay $185 million in penalties for perpetrating a massive fraud on customers. Wells Fargo executives boasted that they had fired 5,300 workers involved in improprieties, but not a single executive was punished. In fact, executives that literally oversaw the departments where the gargantuan fraud was committed were very well compensated, and lauded. Yesterday, Wells Fargo CEO — and blame-game champion — John Stumpf went in front of a Senate Banking Committee where he was rightfully castigated by Senator Elizabeth Warren for his “gutless leadership.” Part of Stumpf’s “apology” was to say that Wells Fargo didn’t do this as much as bad apples did it. It’s a similar defense used by people who murder citizens.”

Now CNN Money is hearing from former Wells Fargo (WFC) workers around the country who tried to put a stop to these illegal tactics. Almost half a dozen workers who spoke with us say they paid dearly for trying to do the right thing: they were fired. “They ruined my life,” Bill Bado, a former Wells Fargo banker in Pennsylvania, told CNN Money. Bado not only refused orders to open phony bank and credit accounts. The New Jersey man called an ethics hot-line and sent an email to human resources in September 2013, flagging unethical sales activities he was being instructed to do.”

Eight days after that email, a copy of which CNN Money obtained, Bado was terminated. The stated reason? Tardiness…. Retaliating against whistle blowers is a major breach of trust. Ethics hot-lines are exactly the kind of safeguards put in place to prevent illegal activity from taking place and provide refuge to employees from dangerous work environments….”

Another six former Wells Fargo employees told CNN Money they witnessed similar behavior at Wells Fargo — even though the company has a policy in place that is supposed to prevent retaliation against whistle blowers. CNN Money has taken steps to confirm that the workers who spoke anonymously did work at Wells Fargo and in some cases interviewed colleagues who corroborated their reports. It’s possible Wells Fargo could face legal consequences for any retaliation that occurred against employees who called the ethics line …. It is clearly against the law for any company (or executives of such companies) to try to suppress whistle blowing,” Harvey Pitt, former chairman of the SEC, told CNN Money in an email…”.

As you can clearly see, America’s financial system is making all the money it can, every way they possibly can, because they know this collapse is coming. That’s why stuff like the shenanigans over at Wells Fargo is going on behind the scenes. The whole stinking system is corrupt from top to bottom, and people are figuring it out in growing numbers. Whatever you do, if you have an account with Wells Fargo, move your money to a credit union. Unlike banks, credit unions are non-profits, and they’re far more personalized than banks. But it’s not just a violation of our laws that our financial system is a criminal enterprise, it’s a violation of God’s laws too. And not just the criminal and civil violations mentioned above, either. Let me take you to the Book of Exodus in the Old Testament, chapter 22, beginning at verse 22:

Do not take advantage of a widow or an orphan. If you do and they cry out to me, I will certainly hear their cry. My anger will be aroused, and I will kill you with the sword; your wives will become widows and your children fatherless. If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. If you take your neighbor’s cloak as a pledge, return it to him by sunset, because his cloak is the only covering he has for his body. What else will he sleep in? When he cries out to me, I will hear, for I am compassionate.”

As you can clearly see, it is immoral in the sight of God to charge interest beyond the borrower’s ability to pay. It is also wrong for lenders to take everything but the clothes off their customer’s back, which happens with disturbing frequency. Yet this is exactly the situation the entire world is currently faced with. We have the Federal Reserve in the US, the British “Royal Family” in the UK, and the Rothschilds in Europe who basically control the world’s flow of money and liquid assets. Just beneath them in the economic pecking order are the elite rich, government and corporate leadership, and religious denominations of various kinds. But the remainder of us, “the 99%”, have little or nothing. Economic inequality has become like a ticking time bomb across the globe. There are simply so many angry, frustrated, disenfranchised and often disenchanted individuals like ourselves who are hungry and thirsty for real change that the fuse on this socioeconomic time bomb has already been lit. Our entire capitalist, debt-based economic system is based on something the Bible said was a great sin nearly 3,500 years ago. The Bible does not change, and neither does God! By incurring a debt that currently stands at $17 or $18 trillion, America is reaping what it has sown. God says to America, “You want debt, do ya? Well all right, then, I’m going to give you a trainload of it!” Is it any wonder we are in the shape we are in? We are bankrupt, we have been for a very long time, and it’s our own fault. Although the US government has been concealing the true extent of this indebtedness from its citizens, the people are catching on quickly. Our government has declared war on its own citizens, and the soldiers are none other than police offers who are sworn to protect and serve. Instead, they harass and intimidate all they come into contact with, and they routinely kill unarmed citizens just because they can. This cannot continue indefinitely, and the standoff between the police and the rest of the country continues to escalate. The fuse has been lit. And there is a very large powder keg at the end of it.

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