Is the U.S. economy at risk to suffer a "total economic collapse?" Is the US is under judgment by God? Some say that the collapse of the dollar is "inevitable" due to the enormous national debt. But what does Bible prophecy say about the US economy? More than you would think: a specific and very helpful amount. Find out how America actually will fall and what her financial status among the nations will be at that time so you can put the perennial fears of a economic collapse to rest.
Economic Doomsday Fears
Is America doomed? Ever since the turn of the millennium, major new troubles have been multiplying for the USA. We've seen the Dot-com Bubble Crash, the 9/11 WTC attack, the U.S. Housing Bubble Crash and the Great Recession (which lasted far too long and is now in the rear view mirror thanks to the Trump Bump). Given all of this, many of my friends, Facebook contacts, and even readers of my book have expressed to me their concern that a "total economic collapse" is coming.
Now even Trump is talking about "market collapse." He says if Republicans don't act and prevent him from being impeached, people will end up being very poor as a result of the US economy suffering from Trump's impeachment.
Perhaps you are having the same thoughts?
If so, you are definitely not alone. According to a recent NYT/CBS poll, 39 percent of Americans believe that the U.S. economy has now entered a "permanent decline." Another recent survey by CNN found that 48 percent of Americans believe that it is likely that another Great Depression will begin within the next year. News in the USA even saw stories of how people desperate for money were stealing just about anything that is not bolted down (manhole covers, copper wiring, air conditioners, etc.). Many Christians seeing these reports wonder if the nation is not under judgment from God?
This kind of negative thinking and behavior is not without instigators. Doomsday appeals to fear show up periodically, especially in times of recession or uncertainty.
Back in 1998 when I started studying prophecy, the Year 2000 problem (Y2K) was in focus. Many people were convinced by Gary North and sellers of survival supplies that they needed to stockpile food, weapons, gold and silver to face Y2K. It turned out to be a poor investment when Y2K did not create the disaster it was expected to.
Now, a little over a decade later, stockpiling is touted again, this time from new sources. For example, even the bestselling author of Rich Dad Poor Dad, Robert Kiyosaki, predicted an economic crash (“depression or hyperinflation”). Kiyosaki was so concerned about it that he has made the typical survivalist preparations for his household including guns (See video).
You also may have seen another popular economic doomsday video that was even advertised on TV and radio. Porter Stansberry's “End of America” newsletter sales spiel (EndofAmerica2011.com) predicted a coming dollar collapse. In it, Stansberry introduces himself as someone who predicted the Great Recession and who has a strategy (yours for $49.99) to tell you how to survive and profit from the coming financial crisis. The hour long video is so persuasive that it can be frightening for the faint-hearted or uninitiated who don't recognize, for example, that one of the case studies he gives of what to expect is Yugoslavia after the collapse of the Soviet Union. (If you watch the video, be sure to read this debunking of it afterward and Peter Schiff's review of every one of Stansberry's newsletter in the years prior to 2008 to debunk his claim of predicting the Great Recession. (P.S. In case you're wondering what that "number one investment in a time of financial crisis that most super rich own" touted in the video is: farmland, due to the soaring food prices.)
...and Doomsday Prophets
It is not only secular businessmen who warn of a soon end to America. The idea is also common among Christians, many of whom believe it is predicted in the Bible. Christians also have reported independent visions, allegedly from God, of America's end. You may have read such visions like those of A.A. Allen and Dimitru Duduman. They portray America being taken down by her enemies because God's blessing and protection have left her.
If those ideas are mistaken, there is still the Biblical pattern of God's judgment on wicked nations. This pattern is worrisome in the face of America's other trend of decline: morality. The depravity and increasing wickedness of American society mirrors that of nations in the Bible who were judged by God. For example, God eventually raised up enemies who came and conquered Ancient Israel and Judah for their sinfulness. This is also what the Bible prophesies for the mysterious end time nation “Daughter/Babylon the Great” of Jeremiah 50-51 and Revelation 17-18.
Is America and Her Fate in the Bible?
To sum up, we have a lot of people expecting the end of America and they envision it in two main ways. The secular perspective offers a mountain of reasons why an complete economic collapse is inevitable soon. The Christian perspective argues that a complete military defeat is coming at God's hand, also soon and inevitable.
Which one is right? Of course, if you are an American like me, you hope “neither.” Neither of these pessimistic perspectives are what you were wanting to hear about your home country. You don't have to be an American to dislike the concept of such a large nation and its citizens going through such tribulation. Even selfishly speaking, the fall of America or the reserve currency of the world it produces would send the world into depression and chaos. Could something this devastating really happen to not just America, but the whole world—and soon at that?
We do not have to be in the dark on this question if we consult the Bible and understand it properly. As many rightly argue, it would make no sense that a book that has predicted the fates of many empires in history does not have something to say about the greatest nation of the end times and, arguably, the greatest world-ruling hegemony of all time. That is not to say it will be easy to identify or that everyone will agree with your identification.
Since 1998 when I first heard the idea that America is actually spoken of in the Book of Revelation, I have only become convinced with even better evidence. The prophecy of Babylon the Great from Revelation 17-18 was mentioned earlier. Many think this refers to the Roman Catholic Church, the Vatican, or even Iraq (home of Ancient Babylon, rebuilt by Saddam Hussein beginning in 1983). However, when you look at all the detailed clues and take them at face value, the best fit by far is none other than the United States of America.
Revelation chapters 17-18 (along with the parallel chapters of Jeremiah 50-51) describe a nation that is a:
- Reigning military power (Jer 50:23 - “hammer of all the earth” - the last “superpower”).
- Main importer and consumer of goods (Rev 18:11)
- Huge corrupter of the rest of the world (Rev 18:3-4 - America's movies, TV, music, websites, and drugs are distributed globally)
This positive identification lets us learn several things about America's future from the prophecy of Babylon. It leads to some good news and some very bad news.
The Bad News - America's Fiery Destruction
The bad news is that both Jeremiah and Revelation leave no doubt as to the fate of America the Babylon. They give us specifics about exactly how it will happen. Jeremiah tells us a great nation, even an assembly of nations, will arrive from the north (Jer 50:3, 9; 50:41; 51:48) and defeat her. Revelation tells us that the method of defeat will be fire and burning (Rev 18:8-9) and it will be in a single day (Rev 18:8), and completed within an hour (Rev 18:10).
"Depart From Me, I Never Knew you!" - Jesus
Jesus predicted that he will tell many sincere believers to basically "get lost" instead of welcoming them into the Kingdom. So...who are they and what did they miss or do wrong? In this study, get those answers and the one requirement for salvation Jesus taught (that Christianity misses) so that you can make sure you don't hear these dreaded words yourself!
When you put these specifics together, it points to America's archenemy of the Cold War, Russia. The shortest distance between Russia and America is over the north pole. Russia still has the largest arsenal of nuclear missiles in the world to send in that very direction. Russia is allied with China who is also preparing for war with America over Taiwan. Together under the right conditions they could accomplish it (before Wormwood passes).
But I know what you're thinking: Communism lost and collapsed and Russia became a democracy and would not want war now. The Cold War is over, etc. However, you have to look at what they are doing to prepare, not what they are saying. If you listen to the many high level Russian military defectors, they will tell you the Soviet war policy believes a nuclear war is winnable and they still have a plan for defeating the USA with a nuclear first strike one day.
If you don't find the theory of Russia plausible, keep in mind that it is does not matter exactly who the culprit is; America has plenty of enemies. What matters is that the Bible says the greatest nation of the end times will be defeated swiftly in one day just in time for the Beast to take over in the Great Tribulation. (For full details, see Know the Future).
That's very sad news to an American like myself; news that I am loath to share with other Americans. I'm sure most of you reading this are not pleased to hear it and are tempted to deny it or even to be angry at me for suggesting it. Yes, I know it's a huge downer; please don't shoot the messenger. The sad truth is that no matter how good America is to the rest of the world, in God's eyes it does not erase her extreme wickedness (see this article on America as Babylon for a complete explanation).
The Good News: More Time + No Economic Collapse
Despite the bad news about a coming military destruction of America, there is good news. The good news is twofold:
First, from Bible prophecy we can determine that, contrary to what the groups mentioned above predict, America's end is anything but soon or imminent. Revelation 14 shows that America's military defeat does not come until right before the Mark of the Beast is released. In other words, when the Great Tribulation starts in the middle of the 70th Week of Daniel. The 70th Week of Daniel has not even begun yet. What's more, none of the 70th week prerequisite events have happened yet (Nuclear Middle East War, Third Temple, sacrifices for the Antichrist to stop, etc.). The defeat actually comes at the hands of the Antichrist and his “Ten Rulers” (Rev 17:16-17), right before he sets up his own global military and financial empire to fill the void America leaves. Revelation 17-18 depicts Babylon as a whore riding or controlling the Beast which is why the Beast needs to remove her to be free. The prerequisite events that the Bible describes have not happened and leave no time for it to happen until near the end of the 2020's (at the earliest...and very possibly at some other year later than that).
The second piece of good news is that what Revelation tells us about the financial status of America on the day just before she is destroyed also precludes the “coming total economic collapse” theory. Like today, Revelation describes a nation that makes rich (Rev 18:15) the world's merchants and traders who ship to her every imaginable good under the sun (Rev 18:12-13). Like today, America will still be the biggest market for goods in the world up until the destruction. So much so that the merchants are pictured on that day as weeping offshore in their ships looking at the smoke of her burning and wondering who will buy their goods now that she is gone (Rev 18:18-19, 11). This tells us that there is no economic collapse of America apart from the total destruction of the nation.
When we hear the latest theories for how America will soon end, it helps to realize that rumors of America's economic or military end are nothing new. No doubt people have been predicting this every year since the nation was founded. Meanwhile, America has survived a Revolutionary War, Civil War, two World Wars, Cold War, a Great Depression, and countless recessions.
Although we had the worst recession ever, the previous Great Recession ended just like all other recessions did, with a recovery—not a complete economic collapse. Under Trump we're even having a booming economy again. Although Revelation sadly depicts the military defeat of America one day, it tells us plainly that it will be an America that is still the economic center and wealth creator of the world economy, just as we see palpably today. A complete economic collapse of the dollar would ruin America forever and the world economy at the same time. The "US economic collapse" is contradicted by Bible prophecy!
We can believe and fear the theory of economic collapse or we can believe what the Bible says about America's rosy economic future. If we believe the Bible on this and even God's will for our own personal financial abundance (John 10:10) then there is much hope for our future despite the current financial trial many of us are in.
Q & A: "Tim, No Need to Stock Up on Food and Water, Etc?"
The next article I wrote after this one answers the whole question of stocking up.
Q & A: Loss of Manufacturing Base to Asia Reason For All the Ships?
For a reader's interesting objection about the merchant ships coming as a sign of the economically devastating loss of our manufacturing overseas, see my blog post on America’s Fall: Why Does “Nobody” Buy the Merchants’ Goods “Anymore” After?
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Tim is the author of this site (since 1999) and the book Know the Future that explains Revelation literally at last--including the key event of Wormwood (Rev 6-8). To read more from Tim and not miss a single new article, sign up for his free newsletter above.