fbpx Will Treasury “Dump” Impact the U.S.? | Tomorrow's World

Will Treasury “Dump” Impact the U.S.?

Comment on this article

“China was a net seller of U.S. Treasuries for the first time in history last year. [China]… liquidated $292 billion in Treasury debt, along with $92 billion in U.S. stocks” (Wall Street Daily, April 18, 2016). Economists are concerned that “Without China’s ongoing commitment to Treasuries, the U.S. federal government” will not be able to service its growing debt (ibid.). In addition, “The Saudi Arabian government has threatened to sell of hundreds of billions of dollars’ worth of American assets should the U.S. Congress pass a bill that could hold the kingdom responsible for any role in the Sept. 11, 2001 attacks” (Reuters, April 16, 2016). This action could include “up to $750 billion in Treasury securities” (ibid.).

As one of the world’s biggest “debtor” nations, the U.S. could be in a dangerous position should its creditors begin to cash in their debts. God promised that Israelite-descended nations would be blessed for obedience by being able to “lend” to other nations (Deuteronomy 28:12). However, God warned that one curse of disobedience would be that enemy nations “shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail” (verses 43-44). Nations that hold U.S. debt are gaining in power over the U.S.—a situation that students of Bible prophecy need to watch. For more on this subject read our sobering article, “The Debt Bomb!