The Grapes of Wrath: The Bitter Fruits of Debt

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The Grapes of Wrath: The Bitter Fruits of Debt

Is America’s financial day of reckoning finally here? And what would a 21st-century depression look like?

The Great Crash changed life in America—forever. For most people, it began with the most devastating stock market crash in the history of the United States. Taking into account the rapid plunge and full severity of the ensuing multiyear grind-down, no other crash—not the South Seas Bubble in the early 1700s, the Mississippi Bubble of 1720, nor the Tulip Mania of 1636—came even close to destroying so much wealth in so little time.

The Great Crash left people dazed. Crowds lined up for hours trying to pull their money out of the banks. Automobile manufacturers failed. Industrial production stalled. Parks and public areas filled up with unemployed people. Attempts by the government to prevent home foreclosures only exacerbated the banking crisis, causing a wicked credit crunch that pushed indebted corporate and private borrowers into bankruptcy courts.

Money became so scarce that cities began issuing their own currencies for people to use.

Food banks and charities were inundated. War vets stood on corners with “will work for food” signs. A million-man march initiated in Detroit ended with 5 million in Washington. Riots broke out after police tried to arrest organizers and some of the more belligerent marchers. Foreign journalists described the deployment of the National Guard as a gross abuse of human rights.

The nation sank into the depths of despair. But that was only the beginning.

Under the financial pressure, families strained and splintered apart. Terrorists and radical activists found fertile minds among the growing ranks of unemployed. Racial wars erupted. Whole sections of cities burned to the ground. Violent crime skyrocketed, and self-interest groups fought over the few inadequate scraps thrown from government tables.

Life was tough in America in those days. The attempt to increase exports to other nations through beggar-thy-neighbor currency devaluation policy ignited trade wars and heightened international tensions. Treaties in place for 70 years were scrapped. Alternative ones were formed. The world divided into regional power blocs—Russians and Chinese, Continental Europeans, Middle Eastern Muslims, and Anglo-Saxons—each jockeying for power and access to the world’s dwindling resources. Nation lashed out against nation with tariffs and duties.

And yet, that too was only a beginning of things to come that were much worse.

Hemmed in and internationally isolated, burdened with massive debt loads and under constant blackmail by its international creditors, ripped apart by skyrocketing unemployment and deepening economic gloom, America turned to the money printing presses to stimulate the economy, and pay off its debts. Covertly, the government created trillions of dollars.

It first began sending out the funny money via tax “rebate” checks. When that proved insufficient to jump-start the economy, more drastic measures were taken. Massive infrastructure building programs were initiated, but those jobs were only temporary. The government slashed interest rates to zero, and, in a further attempt to reinflate housing prices, officials began directly purchasing mortgages to push interest rates down. As banks continued to fail, the government embarked on the greatest program of corporate nationalization in history. The government became the economy.

Then things got really tough in America.

Because the world quit lending to the U.S., the government began monetizing the national debt. When faced with the downwardly spiraling economy, politicians chose the same option every country with a fiat currency has ever chosen: the Zimbabwe option. In desperation, America began printing up whatever money was needed to pay the bills. Its national credit rating was slashed, capital flight ensued, and a dollar that had been slowly losing its value now plummeted into oblivion.

Despite the fact that America could no longer readily borrow, its gargantuan debts remained. Money was still needed to pay back all the cash looted from Social Security. Even more money was needed to pay for $50 trillion worth of Medicare, Medicaid and government pensions. More money yet was needed to bail out California—formerly the fourth-largest economy—and other states as they struggled with bankruptcy.

Newspapers headlined lamentations like:

  • World Stability Hangs By a Thread as Economies Continue to Unravel
  • The Economy Just Collapsed
  • U.S. Loses Reserve Currency Status
  • Mayors Get in Line for U.S. Funds
  • America Forced to Issue Bonds Denominated in Foreign Currency
  • Job Market Is Awful, But May Get Worse
  • 50 Percent of U.S. Companies Could Be in Trouble
  • But perhaps the most difficult part of the Great Crash for many people was the soaring price of fuel and food.

    Thanks to uncannily terrible timing, the global economy hit another brick wall: peak oil. After years of consistently increasing global oil production, accessible oil supplies began to stagnate—then constrict. The effect was immediate and profound. Oil prices went on the roller-coaster ride of the ages. Spikes and plunges oscillated as demand grappled with falling supply. Supply-side problems eventually won out, and oil shot past $200 per barrel, with a gallon of gasoline costing right about $8.

    Oil became a geopolitical weapon of the first order—almost on a par with nuclear weapons. In the worsening global economy, certain nations leveraged oil supplies against their enemies and pushed forward their political and religious agenda at the expense of other nations.

    In the U.S., the most visible effect was on the urban fabric. Unlike Europe, which used highly developed mass transportation networks, America was crippled by high gasoline prices. At first, people resorted to ride-sharing. Home-brew, ethanol-powered motorbikes became commonplace. But as gasoline prices continued to climb, there was a mass migration to city centers in an effort to be closer to work. Airport terminals were empty.

    The days of mass commuting were over; it was the end of suburban life. At least, that is what people thought at the beginning of the oil crisis.

    But as high oil prices hung on, the cost of all kinds of products began to escalate even further—especially food. Diesel, pesticide and fertilizer prices forced many farmers out of business. High oil prices also made it too costly to import other food types. In an attempt to grow their own food, and to escape the lawlessness that broke out in overcrowded cities, 200 years’ worth of urbanization reversed and people actually began heading out into the country, reverting back to subsistence agriculture.

    America de-industrialized on a massive scale. Cities continued to disintegrate. Gangs ran rampant.

    Not a pretty picture.

    But by this point you have probably realized that this is not describing life in America during the Great Depression of the 20th century.

    But neither is the above account fictional. It is a logical description of the near future, and it is backed up by analysis from some of the most widely respected, best-paid geologists, physicists, bankers, economists and investors in the world. These are rational, professional, conservative individuals who are terrified by what they see coming.

    More importantly, this description of future life in America is backed up by the words contained in your Bible. This publication has been warning for years that America’s economic condition was unsustainable, and that a financial day of reckoning would eventually arise. The sun is rising on that day.

    The facts are undeniable. At one time a nation of producers, America has become a nation of consumers. Once the greatest creditor nation in the world, it is now the largest debtor nation in history. Once an oil exporter, now it is vulnerably reliant on foreign imports. And once the center of global finance, it is now the epicenter of the global financial meltdown.

    America has gone from the most powerful, respected and even loved nation, to an ignominious status as possibly the world’s most hated nation.

    These facts are not designed to scare you, but to warn you what is coming so that you are not caught unprepared. Follow the news. Watch world events. And above all, read your Bible. It is so much more than just a book about Christian living. If you want to understand the world around you, and how the one third of the Bible that is prophecy relates to you today, read this book and this book. You can also order your own free copies—without cost or obligation. Since all it takes is picking up the phone or ordering online, it’s the only risk-free return on investment you could make in this time of the looming Great Crash.