World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Tag: Debt

Credit Card Debt Hits New Record In November, Raising Concerns

WEB Notes: We covered this in our 2017 Review article as well. When you live in debt, it makes it really, really tough to ever climb out. People who accumulate wealth, do not go into debt for things. Especially non-essentials. When you go into debt you pay more for an item that what it is worth…

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2017 In Review: Morality Crumbles, Debt Accelerates And Global Powers Turn Their Attention To Iran

Boat With Lantern Tossed in the Rough Sea

Boat With Lantern Tossed in the Rough Sea

2017 has taken us on quite a ride. The events of this year once again eclipsed the events of the previous year, a trend that continues year after year.

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Trump Faces Off With Democrats Over Potential Government Shutdown

WEB Notes: Every year or so it is the same sad story. The government faces a potential shutdown! Lions, Tigers and Bears oh my! I recall it shutting down during the Obama administration and all that meant was Americans could not visit National Parks and anything else that would tick off the tax payer. It did nothing to reign in spending. They will not stop the spending, it is not going to happen which means they will continue to be in debt and the debt will rise until it is time for it all to come crashing down. End of story.

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US Gross National Debt Jumps $723 billion in 12 Weeks, Yellen “Very Worried about Sustainability of US Debt Trajectory”

WEB Notes: Yet, Congress is going to cut your taxes. Sure they will. We just saw news yesterday that a provision is being placed into the bill that should the deficit go up the tax cut bill would turn into a tax hike bill…

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Financial Tyranny: ‘We the People’ Are the New Permanent Underclass in America

Source: Rutherford Institute

Americans can no longer afford to get sick and there’s a reason why.

That’s because a growing number of Americans are struggling to stretch their dollars far enough to pay their bills, get out of debt and ensure that if and when an illness arises, it doesn’t bankrupt them.

This is a reality that no amount of partisan political bickering can deny.

Many Americans can no longer afford health insurance, drug costs or hospital bills. They can’t afford to pay rising healthcare premiums, out-of-pocket deductibles and prescription drug bills.

They can’t afford to live, and now they can’t afford to get sick or die, either.

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Household Debt Rises By $116 Billion As Credit-Card Delinquencies Pile Up

WEB Notes: Stay out of debt and if you have to take on debt, make it a very short venture. Paying interest is not how you get ahead in life, it is how you let the bankers get ahead in life.

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Federal Government Spending Up Sevenfold Since 1941

WEB Notes: Being in debt is being a slave to the globalist bankers. That is one of the ways they continue their grasp on the globe.

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Federal Debt Increases For 60th Straight Fiscal Year

The total federal debt climbed by $671,455,302,116.72 in fiscal 2017, making 2017 the 60th straight fiscal year in which the federal debt has increased, according to the official numbers published by the U.S. Treasury.

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Survey: Half of Millennials Would Give Up Voting Rights to Pay Off Student Debt

WEB Notes: Kiddos, do not be foolish and sign everything on the dotted line without reading the details. You say the amount, you saw the interest rate and the terms…

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US Debt Tops $20 Trillion for First Time; Jumps $317,645,000,000 in 1 Day

WEB Notes: But, but I thought those Republicrats, I mean Republicans were sound financial folks? I thought they were anti-war? Come on…

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US Household Debt Surges to New Record High

WEB Notes: I suppose the people will never learn from their mistakes. This is a bit amusing in a sense. How many people do you know that fight, seek and search for the best deal? Look no further than “Black Friday”. To throw away the deals for debt. When you go into debt that $100 purchase turns into nearly $200. That means you end up paying close to double. If you were checking out at the store and the guy said your $100 item is $200 you would throw a fit and walk out of the store. But when it comes to debt… No way. It is magical.

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Despite Historically Low Interest Rates, Consumers Are Paying an Average of 14 Percent on Credit Card Debt

WEB Notes: No cash in your pocket? Then you do not need the product. 14% interest? It becomes extremely difficult to crawl out of that kind of debt. Many people are buying iGadgets with their credit cards for example and then paying interest. Look, you bought it with a credit card because you did not have enough money. Not instead of buying one iGadget, you will end up doling out enough cash for two, maybe three, but you still only have one. That is what interest will do for you and God said do not borrow money. Stop being like the world, God said be in the world, but do not be a part of it (Romans 12:2).

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