The total amount of world debt is $338,000,000,000,000 that’s 338 trillion dollars.
The entire world’s total value is
$ 117,000,000,000,000 that’s 117 trillion dollars.
Simple subtraction shows a $ 221,000,000,000,000 trillion dollar shortfall.
It is mathematically impossible to pay off this debt and the debt will only grow larger. We pay more for goods and services every year because of inflation. Inflation is the lessening of the value of money or of its purchasing power. What cost you $ 100.00 last year now costs $105.00 and this would be 5% inflation. All nations have devalued their currencies to make their exports more attractive to buyers and this produces inflation. The U.S. is the biggest debtor nation on earth. The U.S. only pays interest payments on the debt thus never reducing the principal. This causes debt to grow along with more reckless spending by the government. This cycle is being repeated by all other countries.
The future of world economics is a collapse of world economies unprecedented in human history. In the past we had nations go under because of economic collapse but this time it’s the entire world facing economic collapse. The chaos and violence that always comes from a collapse will be worldwide. Nations will rise against nation in competition for resources that will be very scarce. It is possible wars will be fought and rumors of war being spread. Pestilence and starvation will increase and cause the love of many to wax cold.
What I have described above I call the false tribulation, a precursor to the great tribulation that will come about 3 1/2 years later and that one will be worse than the false one. In the between times of the false and true tribulations the world will want a savior and Satan will give them one, the antichrist. Things in that day will improve and people will become rich and increased with goods. This time I call the false millennium. The antichrist will bring back the law of Moses, the Temple and its sacrifices. At the time appointed antichrist will end the sacrifices and in the most holy place of the temple proclaim himself GOD. This will be what causes the great tribulation that effects the entire world. GODS elect will see these things beforehand and know they will be sealed in their foreheads with the seal of GOD that protects them from this hour of trial that comes upon the whole world. Revelation 3:10 Revelation 7:3 As Jesus told us no one but his FATHER knows the exact time of his return. While we wait we submit ourselves to GODS spirit to work in us to produce love and righteousness. To teach us HIS truth and guide and direct all our words and deeds accordingly. Our lives belong to GOD and Christ, not to us. GOD and Christ live in us and direct us in all our ways. Our debt we had when we were sinners was paid by the blood of GODS son. We were bought with a price, we are not our own, we are GODS property. We are debt free.
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