A major player in our economy is the Federal Reserve. They are part of the International Banking Cartel (The World Bank), not part of our government. In fact they are the largest holder of US Government debt. Some time in the future, they could force our government into bankruptcy.
Currently the news media is still yelling about Russia interfering with our elections, but they continue to ignore the Federal Reserve meddling in our elections. In early part of 2000 (being an election year), when Bill Clinton was in office they dumped large amounts of money into the economy to give it a boost for the election. And in early 2008 (also an election year) when George W. Bush was in office, they pulled major amounts of money out of the economy, causing the 2008 recession, causing the election of Barack Obama. It appears the Federal Reserve wants Democrats in office.
During the Obama administration the Federal Reserve did everything it could to keep the economy afloat. The Federal Reserve increased Currency in Circulation from $886 billion in January 2009 to $1503 billion in January 2017. An increase of 70 percent. Fed Funds Interest Rate was kept near zero (.25 percent) during most of the Obama administration. In December 2007 (prior to election year) the Fed raised the rate to .5 percent. Because of the super low Fed Funds Rate the Obama administration was able to increase the National Debt by about 85 percent, with little immediate affect on the economy.
Since the election of Donald Trump the economy has been fueled by optimism. Our new president being pro-business will help sustain growth for our economy. The Federal Reserve is attempting to slow our economy down. Since the election there has been 3 rate hikes in the Fed Funds Rate (currently 1.25 percent). Short term Treasury Bills are currently getting above 1 percent. Even one of the local banks has raised their money market rate to over 1 percent. Even with these increases in the interest rates, the economy continues to grow.
There is a hidden trap awaiting our economy. The published national debt is currently about $20 trillion. ($20,000,000,000) The 3 interest rate hikes from the Federal Reserve brings the current interest on the national debt to $250 billion per year. If the Fed raises the rate to 5 percent as they did during the George W Bush administration, yearly interest on the current national debt would raise to $1 trillion. With the total income to the federal government being about $3.5 trillion, the interest on the debt can quickly become insurmountable.
It appears, optimism will continue to fuel our economy. Natural or man made disaster would of course change things, but our economy could survive. The greatest visible threat to our economy is the Federal Reserve raising the interest rate to more traditional levels. As the interest rates rise our Federal government will be forced to cut other spending or raise our debt even more rapidly. It becomes a never ending problem until our economy can no longer support our government debt. I believe, when our economy collapses under massive debt, our country will be forced into excepting a One World Electronic Currency. Revelation 13 says there will be a world wide economic system that no man can buy or sell without it. How close are we to that day?
In the service of the Most High
Federal Reserve Interest Rate -
Currency in Circulation https://fred.stlouisfed.org/series/WCURCIR
Federal Government Income https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762