As President Trump has traded tariff threats with China in the past weeks, some economists and investors have raised the prospect of China eventually retaliating by dumping some of its vast holdings of Treasury bonds.
Such a move, in theory, would hurt the U.S. government by raising its cost of borrowing. Spiking Treasury yields also could cause disruption in financial markets. more …
Opinion: “For the Lord your God will bless you just as He promised you; you shall lend to many nations, but you shall not borrow; you shall reign over many nations, but they shall not reign over you.” Deuteronomy 15:6
Debt is what finally brought down Rome. Under the evil Emperor Nero (54-68 AD), Rome ran out of cash which fell to his 4th successor Vespasian (69-79 AD) , who famously had to rebuild finances by raising taxes on pretty much everything, including public urinals. French public bathrooms are still sometimes called vespasiennes.
Solomon, who was known for great wisdom and is thought to have been the world’s only trillionaire, said this: “The rich rules over the poor, and the borrower is the slave of the lender”, which is what the headline is about.
This debt/trade crisis is probably not the big one.
Revelation 6:5-6 follows the arrival of a global dictator (Rev. 6:1-2) and war (Rev. 6:3-4), in what the Apostle John depicted as global hyperinflation. While John doesn’t specifically say how it happens, imagine the economies of the US, EU, China and Japan coming to a dead stop over trade/debt payments, and it becomes rather simple.