Don’t be in debt at the end of the age
Comments: – economic factors that will influence and be used by the black horse rider for snares.
Credit, refers to money that is available for you to borrow, but debt is money you’ve already borrowed but haven’t yet paid back. Credit is merely the ability to acquire debt. If you use your credit card to make a $50 purchase, you’re adding $50 in debt. To decide whether to pay off credit card or loan debt first, let your debts’ interest rates guide you. Credit cards generally have higher interest rates than most types of loans do. That means it’s best to prioritize paying off credit card debt to prevent interest from piling up
Deflation: Inflation occurs when the prices of goods and services rise, while deflation occurs when those prices decrease. The balance between these two economic conditions, opposite sides of the same coin, is delicate and an economy can quickly swing from one condition to the other. Wisdom and expertise come into play here. Remember greed is always lurking around. In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation measures the pace of rising.
Inflation is defined as the increase in the price levels of goods and services in an economy. Recession is said to be a period of slowing down of the economy indicated by negative growth. In basic terms, a recession is when the economy’s performance decreases for an extended period of several months, marked by GDP contraction, higher unemployment rates and lower consumer spending. During a recession, people may experience significant impacts on their daily lives. While neither a recession nor a depression would be considered good, a depression is considered worse between the two due to its long-lasting and more severe effects. Oftentimes, a recession may only affect an individual country’s economy, whereas a depression and its negative effects are felt on a global scale.
A recession is a downward trend in the economy that can affect production, employment, and produce lower household income and spending. The effects of a depression are much more severe, characterized by widespread unemployment and major pauses in economic activity.
Economic collapse (also called Economic meltdown) is any of a broad range of bad economics; often economic collapse is accompanied by social chaos, civil unrest. It is a breakdown of a national, regional, or territorial economy that typically follows or leads to a time of crisis: Economic breakdown where the economy is in distress for a long period. If the U.S. economy were to collapse, you would likely lose access to credit. Banks would close. Demand would outstrip supply of food, gas, and other. Economic collapse is the continued disintegration of the national or regional economy for a long duration, followed by a recession or financial crisis. If the economy shrinks for two consecutive quarters, it is said to have gone into recession. In general, this is determined by an indicator. A recession is a significant decline in economic activity that lasts for months or even years. Many will be trapped in the anti-Christ and his follower’s snares. Money men, bankers, politicians, universities, religious organizations, military, terrorists and much more will be trapped by credit, debt, inflation and the mark of the beast rising from peoples despair and rejection of the true word of God, Jesus Christ the Creator, Savior and Lord God.
A word of wisdom, do all you can to stay away from debts; and pray, think, using good judgment before getting entangled with credit cards or lines of credit, no matter how good it looks. These are snares and deep pits; do not fall into them, for it may end up with the mark of the beast. Remember the borrower is servant to the lender, (Proverbs 22:7 and 26).
God’s word encourages avoiding debt as it creates bondage, but doesn’t call it a sin; instead, it emphasizes stewardship, honesty in repayment, seeking God first, supporting the poor without interest, and trusting Him for provision, with key verses like Proverbs 22:7 (“borrower is slave to the lender”) and Romans 13:8 (“owe no one anything”) guiding financial freedom.
Key Dangers of Owing (Debt)
The Bible warns that owing money creates a dangerous dependency, making the borrower a “slave to the lender” (Proverbs 22:7), limiting freedom, increasing stress, hindering generosity, and potentially damaging spiritual life by creating divided loyalties (serving God vs. the lender). Key dangers include loss of control, financial stress, reduced flexibility, delayed goals, and a compromised ability to live freely and serve God, emphasizing the wisdom of avoiding debt except for the ongoing debt of love, Romans 13:8.
Biblical Principles on Debt:
Debt as Bondage: “The borrower is slave to the lender” (Proverbs 22:7), highlighting how debt limits freedom and can lead to stress.
Stewardship: Christians should manage resources wisely, seeking freedom over financial bondage and honoring God with their money.
Repayment is Key: “The wicked borrows and does not repay, but the righteous one is gracious and giving” (Psalm 37:21), showing the importance of paying debts.
Avoidance is Preferred: “Owe nothing to anyone” (Romans 13:8) encourages staying out of debt when possible. Settle all debts, especially financial ones. But have on unending debt: to love one another, because love fulfills all of God’s law.
Seek God First: Focus on God’s kingdom and righteousness, trusting Him to provide for needs (Matthew 6:33).
Compassion for the Poor: The law forbade charging interest to the poor in Israel to prevent further hardship (Leviticus 25:35-37).
Practical Guidance:
Be a Good Steward: Manage finances faithfully, as everything belongs to God.
Pay Bills Promptly: Repaying debt fulfills a moral and financial obligation, preventing negative consequences. Be conscious of your Christian testimonies.
Seek Freedom: Aim to be debt-free to better serve God without financial burdens.
Trust God: Turn to prayer and trust God as your provider, even in financial hardship (Philippians 4:6).
Scroll #71, “When the gospel message finishes to the bride elect then I believe it is about this time that the collapse leading into these situations will take place. God will protect and prosper His children, we are joined to God’s economy and His resources are not tied to man’s economy. Joshua 1:9 commands us to be strong and of good courage.”
105 – Don’t be in debt at the end of the age