What is the Financial Future of America?

by Jack Wellman · Print Print · Email Email

What is the future of America?  Can the nation sustain such an enormous debt that is growing exponentially?  What is at stake if America goes bankrupt and can not even pay its interest on its debt?

God’s Message to All Nations

In Deuteronomy 31, God lays out the principle standard for the nation of Israel but a principle that equally applies to any nation today.  God thunders out a warning in Deuteronomy 31:15-19, “See, I set before you today life and prosperity, death and destruction.  For I command you today to love the LORD your God, to walk in obedience to him, and to keep his commands, decrees and laws; then you will live and increase, and the LORD your God will bless you in the land you are entering to possess.  But if your heart turns away and you are not obedient, and if you are drawn away to bow down to other gods and worship them, I declare to you this day that you will certainly be destroyed. You will not live long in the land you are crossing the Jordan to enter and possess. This day I call the heavens and the earth as witnesses against you that I have set before you life and death, blessings and curses. Now choose life, so that you and your children may live.”

Financial Future of America

No human power can save this nation today. It will take divine intervention and national repentance and revival.

God clearly reveals that if a nation obeys (walk in and keep) His commands, decrees and laws, life and blessings result, but if not, then curses and death result.  God naturally wants us to choose life (Duet 31:19).  During the founding of this great nation, every school and college taught God’s commands, laws, and decrees in their curriculum.  Reading of the Bible was required and how many learned to read and write.  As a result, America became the most powerful and most prosperous nation in the history of the world.  Even today America owns 50% of the world’s wealth even though the nation makes up just 5% of the world’s population.

In Deuteronomy 31:8-10, God is very specific in the blessings that come as a result of obedience, “You will again obey the LORD and follow all his commands I am giving you today. Then the LORD your God will make you most prosperous in all the work of your hands and in the fruit of your womb, the young of your livestock and the crops of your land. The LORD will again delight in you and make you prosperous, just as he delighted in your ancestors,  if you obey the LORD your God and keep his commands and decrees that are written in this Book of the Law and turn to the LORD your God with all your heart and with all your soul.”

These blessings for obedience to God include blessings that America has already experienced; livestock, crops and financial prosperity.  For over 200 years, America has been the breadbasket of the world, the world’s greatest food exporter and the most benevolent nation in the history of the world.  Today this nation gives roughly 250 billion dollars in aid annually which amounts to 2.3% of the nation’s total gross national product. But today this wealth – these blessings – are withering away just as quickly as the morality of the nation is.  A nation’s prosperity is in direct correlation with its obedience to biblical principles.  The future of any nation depends upon two things.   The nation’s general principles and policies and more importantly, its obedience to the laws and principles of God as laid out in the Bible.  Just as the Bible says that as a man sows, so shall he reap, so also does a nation reap what it has sown.  Whether a nation has sown deeds of disobedience or whether a nation has lived biblical principles, it receives the consequences of its actions.

Drowning in Debt

The nation, as of this writing, is over $15 trillion dollars in debt.  The U.S. accumulates $3.5 billion dollars of new debt each and every day.  That amounts to $2 million ever minute!  This can not possibly keep up without catastrophic results.  The greatest financial supporter of this debt – that is the nation which is financing this debt is China.  Of the major foreign debt holders of U.S. Treasury Securities, China holds about $1 trillion of it, Japan almost $900 billion, the United Kingdom nearly 500 billion.  Other nations holding billions in Treasury Securities are the Arab oil exporting nations, Brazil, Hong Kong and Taiwan. About 45 different nations in the world that hold billions of dollars in U.S. Securities as well.  What happens when they ask for their debt to be paid or when they run out of capital to keep the U.S. propped up?  Currently inflation is rising in China and this sends a dangerous signal to the U.S. – the well has nearly run dry.  China will eventually have to reduce her support of the U.S. debt and when it runs out, what then?

What’s Next?

What happens when the money from these nations runs out?  Who will prop up the U.S. economy which is presently nothing more than a house of cards?  Right now, more foreign powers hold more of the nations Treasury Securities than the U.S. or its citizens do.  More foreign powers collectively control more real estate than U.S. private citizens or companies do.  This astounding fact puts America in the most precarious situation of any nation in the world.  When the bill comes due, the U.S. does not have the collateral to pay of its debts.  In fact the government has to borrow heavily just to pay the interest on the debt and this interest is growing more rapidly than the world’s economy is indicating a coming crash of unprecedented nature in the history of the world.  The U.S. could easily be held captive by its debt and in fact is already the nation with the most debt of any in the world – including even the most underdeveloped and non-industrial nations of the world.

What Can Save America?

With a certain apocalyptic crisis looming for America, what is the nation’s only hope?  What can possibly save this nation?  Is America already under the judgment of God for its growing decadence?  There appears to be nothing that can be humanly done.  That is the key word – humanly.  If ever there was time for a revival, it is today because this nation has never been in such peril before.  It has never faced a crisis such as this.  National revival is actually mentioned in the Old Testament and this statement from God Himself is completely relevant for America today and for any nation. It is found in Chronicles 7:13-15:

When I shut up the heavens so that there is no rain, or command locusts to devour the land or send a plague among my people, [this has apparently happened and is happening to the U.S. today]  if my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, [this means a time of national repentance, prayer, and seeking His face which is symbolic of seeking His will and ways] then I will hear from heaven, and I will forgive their sin and will heal their land.  [God is God and nothing is too difficult for the Creator of the universe] Now my eyes will be open and my ears attentive to the prayers offered in this place.” This shows that God’s eyes will be open (He will see our plight) and will be attentive to our prayers (He will hear our prayers and answer our request) that are offered in this place (in this nation).  But only if we seek His face and begin to obey His laws, only if we repent of our national and individual sins and only if we turn away (which is what repent means) from our wicked ways, and pray earnestly and desperately seek His forgiveness.  There is truly no other way for this nation to survive.  No human power can save this nation today. It will take divine intervention and national repentance and revival.  That is the only hope at present for this nation.

Revival Starts with Me

In speaking one time to the church I under-shepherd, I said that repentance starts with each individual person.  Then it starts with the entire church as a body.  Then it starts with the nation’s churches.  Then it includes the cities, then the states and finally the entire nation.  The point is to pray for revival but it must start with us.  We can’t possibly have revival until it begins within each and every one of us.  Revival starts with me…it starts with you.  May God grant this nation repentance and send revival to this land.  That is our only hope – our hope is in God alone.  If we do, God promises (and God can not lie) “then I will hear from heaven, and I will forgive their sin and will heal their land.  Now my eyes will be open and my ears attentive to the prayers offered in this place.”  And the people said, Amen!

Another article of interest:

Hope in God in Hopeless Times

Resources:

New International Version Bible
THE HOLY BIBLE, NEW INTERNATIONAL VERSION®, NIV® Copyright © 1973, 1978, 1984, 2011 by Biblica, Inc.™ Used by permission. All rights reserved worldwide

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{ 2 comments… read them below or add one }

mark November 2, 2013 at 8:38 am

Mr.Jack,
Amen an Amen, our hearts long for revival and most of all JESUS return. Thank GOD for JESUS our SAVIOR, there is
Hope and HE is our nation and worlds only Hope, thankyou for
speaking the Truth, GOD Bless you and your Family

Reply

Jack Wellman November 2, 2013 at 4:27 pm

Mark, thank you sir. I wrote this in the hopes that it would awaken those in congress, however unlikely, but we are bankrupting our future for the sake of paying for today and jeopardizing our children’s future hope. What a abyss we are in and with no much possibility of escape. Thank you sir….yes, God is our ONLY hope…amen!

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