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Published On : February 18, 2010

Last Updated : February 18, 2010

Pied Piper Of Hamelin, U.S. Debt Crisis, Greed And Living On
Borrowed Time, Communist China - America's Biggest Creditor &
Other Financial "Pipers", Shock Absorbers And World Economy,
China's Steady Rise To Superpower Status, Kings Of The East,
Battle Of Armageddon, Great Recession In The USA, If America
Were To Implode, European SuperState And The Euro-Dollar War,
Not-So-Cordial US-European Relations, Trade Sanctions = Trade
Wars, Why America Suffers From An "Inefficient Tax System",
America's Out-Of-Control Domestic & Foreign Spending Habits,
Worse Than An Infidel, Suspicions About Tea Party Movement,
Republican Party And Leopard's Spots, Tea Party And Militias,
God's Rods Of Chastisement, Don't Resist The Powers That Be,
Political Favoritism And Tax Breaks For The Rich And Elite,
Contrast Between The Haves And The Have-Nots, George W. Bush
And His Rich Buddies, The Shameful American Double Standard,
You Can't Live On Borrowed Time And Borrowed Credit Forever,
Adam And Eve In The Garden of Eden, Enticement & Temptation,
Credit Lines And Danger Of Living Beyond Our Financial Means,
Accept Personal Responsibility For Our Actions And Decisions,
Machinations Of International Monetary Fund And World Bank,
The Borrower Is Servant To The Lender, Economic Slavery In
Our Modern Day, My Personal Financial Practices, Strive To
Live Within Your Means, Resist The Temptations Of The World,
Treasures In Heaven, Be Content With What You Have, We Can't
Take It With Us, Some Closing Remarks For American Citizens

Many of you are undoubtedly familiar with the legend of the
Piped Piper of Hamelin. As you may recall, according to the
legend, during the Middle Ages, the German village of Hamelin
was plagued with rats. A certain Piper who was dressed in
multi-colored clothing -- thus the word "pied" -- and who was
said to possess a magical pipe, was called to rid the town of
the rats. After performing the deed, by leading the multitude
of rats to the Weser River where they were all drowned, the
townspeople refused to pay the Piper the full amount for his
services. Angered by this injustice, the Piper left Hamelin,
only to return later, at which time he played another tune.
This magical tune resulted in some one hundred and thirty of
the children following him out of the town. It is said that
they disappeared inside of a cave, never to be seen again.

It may surprise you to know that there are modern pipers as
well; however, they are not musicians, but rather foreign
creditors. Furthermore, the United States of America dances
to their tune. This is because, like Hamelin, the USA has a
serious problem. It isn't a plague of literal rats; rather,
it is a multi-faceted disease known as overspending, greed
and debt crisis, which has been created by a nest of
fiscally-irresponsible government and industry "rats".

Recently, I was reading an interesting news article in the
New York Times entitled "Party Gridlock in Washington Feeds
New Fear of a Debt Crisis". I encourage you to read it. You
can access it online at the following URL:


I am not by any definition of the word an economist; however,
I would like to share with you a few personal observations
regarding the above-noted news article.

The fact of the matter is that the United States has thrived
on greed; that is, Big Business greed, Wall Street greed,
Big Bankers greed, Big Government greed, and personal greed,
for many decades, at the expense of the rest of the nations
of the world. Is it really any wonder then that the American
economy has now reached such a precarious position? As I've
noted before, you simply cannot spend, spend, spend and live
the easy, comfortable American life, and never expect to pay
the piper; and in this case, one of the biggest "pipers" is
none other than communist China! Consider this paragraph
from the aforementioned article:

----- Begin Quote -----

"Foreign investors now own more than half of the publicly
held debt, and officials for the largest creditor, China,
have fretted publicly about the fiscal course of the United
States. While few expect foreigners to dump their assets,
since the resulting plunge in values would hurt them as well
as everyone else, the fear is that investors will demand
higher interest payments and reduce or stop future debt
purchases, threatening the government's ability to finance
its borrowing."

----- End Quote -----

There is a problem with the previous paragraph; and that is
that some nations have already begun to dump their assets.
As I explain in my 2007 four-part series "Saddam Hussein's
Execution And The Euro Dollar War", since several years ago,
quite a few nations -- including China -- have begun to dump
their assets -- meaning their US dollar reserves -- and are
replacing them with the euro as their currency reserve. In
other words, right now, the economy of the USA is totally at
the mercy of giant creditors like communist China. If China,
and the rest of America's creditors, were to suddenly decide
to dump the dollar completely, the USA would quickly go down
the tubes, and would lose its dominant position in the world
as a superpower. Likewise, if communist China and other of
America's creditors were to demand higher interest payments,
it would also have a very negative effect on the economy of
the United States. Furthermore, if communist China and other
creditors were to suddenly stop purchasing America's debt,
to whom could the United States possibly turn? No one.

"So why hasn't this happened yet?" you may ask. What prevents
these creditor nations from putting the United States out of
its financial misery? Well, part of the answer is found in
the previous paragraph that I shared from the New York Times
article. We now live in such a globalized economy, which, by
the way, is by intentional design, that if America's creditor
nations were to abandon the dollar completely at this point
in time, the entire world would be negatively affected to
some degree, including China itself. You see, one aspect of a
globalized economy is that it acts as sort of a buffer, or
like a shock absorber you might say. If one country falters
financially, the rest of the world can absorb the economic
shock. However, just like a car travelling on a road, if the
vehicle -- in this case, represented by the world economy --
hits too big of a bump in the road, even the shock absorber
can break, resulting in a major shock to the passengers who
are inside the vehicle, and even serious damage to the car

So this may be one reason why communist China, as well as
other creditors, are treading carefully regarding America's
current financial woes. If they act too quickly, they could
upset the entire apple cart, and everyone would suffer as a
result of their hasty actions. At the same time, communist
China is abiding its time and taking advantage of America's
dependence upon foreign creditors. While America is slowly
going down the tubes in a financial sense, as well as in a
political sense, China is clearly on the rise, financially,
militarily and technologically speaking. Some economists
now view China as the next great superpower, and this may
possibly have ties to the Bible, as the Book of Revelation
does mention the "kings of the east" who will gather at the
great Battle of Armageddon, as we see here:

"And the sixth angel poured out his vial upon the great
river Euphrates; and the water thereof was dried up, that
the way of the kings of the east might be prepared. And I
saw three unclean spirits like frogs come out of the mouth
of the dragon, and out of the mouth of the beast, and out of
the mouth of the false prophet. For they are the spirits of
devils, working miracles, which go forth unto the kings of
the earth and of the whole world, to gather them to the
battle of that great day of God Almighty. Behold, I come as
a thief. Blessed is he that watcheth, and keepeth his
garments, lest he walk naked, and they see his shame. And he
gathered them together into a place called in the Hebrew
tongue Armageddon."
Revelation 16:12-16, KJV

Turning to the USA, we've all witnessed what's been happening
there in the financial arena since 2008, and it has affected
each of our lives to varying degrees, and in different ways,
some more dire than others. While certain American economists
have referred to it as the Great Recession, just imagine what
would happen if the American economy were to experience total
collapse. There would be civil unrest on a wide scale, which
quite possibly would lead to anarchy and revolution. The USA
could implode, and starvation and death would be widespread.
Martial law and military dictatorship are frightening terms;
but that is what it might take in order to restore peace, and
bring the situation back under control. To realize that just
such a scenario rests in the hands of foreign creditors such
as communist China is rather unsettling, isn't it?

But there seems to be a secondary reason regarding why China
and other creditor nations are probably hesitant to pull the
plug on the American dollar; and that is that their currency
reserve of choice -- the euro -- is also faltering at this
current time. If you have been following international news,
then you will already know that Europe's road to financial
and political unity has been a long, difficult one. European
nations have been learning that creating a SuperState comes
at a heavy price. Not only does it mean surrendering certain
aspects of national sovereignty, but it also means that the
stronger European nations -- such as France and Germany --
must be willing to take on the burdens of the weaker nations.
A primary example of this is the current skirmish regarding
the precarious financial situation in Greece. For the sake
of preserving European unity, Europe's big brothers really
have no choice but to come to Greece's aid, whether they
like it or not.

The point is, until the European nations are able to get
their act together politically, militarily and financially,
and the euro proves itself as a stable currency, it seems
doubtful that America's creditors will consider completely
abandoning the US dollar as their currency reserve. So, for
now, they appear to be hedging their bets by maintaining a
variety of national currencies as their currency reserve.
While most Americans pay little attention to developments
in Europe, they would be wise to do so, because as we have
now seen, financially-speaking, America's future may very
well be determined by what happens on the "old continent".
Needless-to-say, America's financial wizards are probably
rubbing their hands with glee as they watch the Europeans
struggle to their feet as a SuperState. After all, Europe's
financial woes are to America's advantage, and vice versa.
Thus, for now at least, the euro-dollar war will continue.

As I have mentioned before, don't think for a minute that
relations between Europe and the United States are cordial.
While national leaders from both sides of the Atlantic may
smile and shake hands when they stand before the television
cameras, the truth of the matter is that the USA and Europe
are competitors when it comes to the global market, and the
more that Europe grabs, the less that there is for America.
To say it another way, colonists may not be marching in the
street complaining about taxation without representation,
and the rumbling of an American Revolution may not be heard
in the distance, but subtle trade wars have continued to
exist between these two continents since that time a few
centuries ago. Today we simply call them "trade sanctions".

It was in fact the issue of taxation which motivated me to
write this current article. In my view, there is so much
hypocrisy involved in this situation regarding the US debt
crisis, that it defies imagination. Let me give you a clear
example. Consider the following sentence taken from the
aforementioned New York Times article:

----- Begin Quote -----

"But he is hardly alone in sounding an alarm about the
long-term budgetary outlook, which has Medicare, Medicaid
and Social Security costs growing at unsustainable rates and
an inefficient tax system that cannot keep up."

----- End Quote -----

The question that pops into my mind is this: Why is there an
"inefficient tax system that cannot keep up"? How is it that
the American Government can spend billions of dollars every
single year supporting US-friendly foreign governments, and
spend billions of dollars annually creating weapons of war,
and spend billions of dollars a year on rebuilding nations
such as Iraq, and yet the United States has "an inefficient
tax system" that, according to some economists, may soon be
unable to sustain such important American social programs as
Medicare, Medicaid and Social Security? It seems that the US
Government has money for everything but taking proper care
of its own people. As I have reminded my readers before, we
are told in the Scriptures that it is shameful when one does
not provide for his own household. In a larger sense, this
same principle can be applied to the US Government and the
greater American family. The Apostle Paul wrote:

"But if any provide not for his own, and specially for those
of his own house, he hath denied the faith, and is worse
than an infidel."
1 Timothy 5:8, KJV

As I mentioned to the members of our EDGE Mailing List in a
recent communication, this is one reason why I view the Tea
Party Movement with a certain degree of suspicion. After all,
according to certain reports that I read recently, a certain
percentage of the Tea Party Movement is likewise in favor of
eliminating these same social programs. For this reason, I
can't help but suspect that some Tea Party members are being
manipulated by the Republican Party. As the Lord asked the
Prophet in the Book of Jeremiah, can a leopard change its
spots? Hardly. Following is the exact verse:

"Can the Ethiopian change his skin, or the leopard his spots?
then may ye also do good, that are accustomed to do evil."
Jeremiah 13:23, KJV

In other words, the Republican Party can try to change what
it is, even change its name or its outward appearance, but it
is still what it is, and its ideology and objectives remain
exactly the same.

It also alarms me that some Tea Party Movement members are
closely affiliated with militia groups and support pro-gun
lobbyists. I am reminded of the Lord's admonition when He
said the following:

"Then said Jesus unto him, Put up again thy sword into his
place: for all they that take the sword shall perish with
the sword."
Matthew 26:52, KJV

It is evident from my reading that some Tea Party Movement
members appear to be preparing for an all-out confrontation
with the Federal Government. They've been stockpiling food,
weapons and survival gear. While these misguided people have
convinced themselves that violently defending the American
Constitution is their patriotic duty, even if it means losing
their lives in the process, as I point out in "O Israel, Why
Will Ye Die?" and other politically-oriented articles, this
is not what God expects of His people.

As Christians, we need to learn to see God's Hand moving in
all things in our lives. We need to learn to recognize His
blessings, as well as His chastisements, and we must not
resist when He chooses to afflict us, even if it is by the
hand of an oppressive government. Did the ancient Israelites
resist the Egyptian government? No. As God had told Abraham
previously, they bowed down in servitude for four hundred
years until God chose the time of their deliverance through
the hand of Moses. Did the Israelites not recognize when God
used the Philistines and other heathen nations as His rods of
chastisement against them? Didn't Prophets such as Isaiah and
Jeremiah tell the Israelites that the armies of the Assyrians
and the Babylonians were God's Hand moving against them as a
result of their sins? My point, as I have stated before, is
that God gives a people the government that they deserve, and
we are not to resist it. This is Scripturally-sound doctrine.
Consider these additional example verses:

"Jesus answered, My kingdom is not of this world: if my
kingdom were of this world, then would my servants fight,
that I should not be delivered to the Jews: but now is my
kingdom not from hence."
John 18:36, KJV

"Let every soul be subject unto the higher powers. For there
is no power but of God: the powers that be are ordained of
God. Whosoever therefore resisteth the power, resisteth the
ordinance of God: and they that resist shall receive to
themselves damnation. For rulers are not a terror to good
works, but to the evil. Wilt thou then not be afraid of the
power? do that which is good, and thou shalt have praise of
the same: For he is the minister of God to thee for good. But
if thou do that which is evil, be afraid; for he beareth not
the sword in vain: for he is the minister of God, a revenger
to execute wrath upon him that doeth evil. Wherefore ye must
needs be subject, not only for wrath, but also for conscience
Romans 13:1-5, KJV

But returning to the issue of America's current debt crisis,
and the question concerning why the United States has, in
the words of some, "an inefficient tax system", as I stated
earlier, I am no financial guru, but the answer seems rather
obvious in my mind. It seems to me that perhaps the biggest
reason why the American Government has reached this point,
is because in addition to spending way beyond its means for
decades now, one U.S. president after another has rewarded
the rich and the elite with huge tax breaks. These actions
have deprived the American economy of billions of dollars in
annual tax revenue. In short, the money well has gone dry,
or will soon go dry. Alice has hit the bottom of the rabbit
hole, and contrary to Lewis Carroll's version of the story,
she was not met by fictional characters, but by a hard thud
which will hopefully knock some sense into her, although I
doubt it. This American Alice is one hard-headed woman!

At the same time, while America's privileged class lives in
luxury, the poor folks at the opposite end of the economic
scale; that is, everyday working class Americans, as well as
the poor, the sick, the elderly and the disadvantaged, have
literally been squeezed to death by taxes, by increasingly
expensive health care, by a high cost of living, as well as
by a sub-standard public education system which has failed
to properly train children for the future. Millions of these
people are forced to work at minimum wage jobs with little
room for advancement, and little hope for the future. All
the while, the rich and the elite go scott-free and live in
their ivory towers, apparently oblivious to the problems and
suffering of those off of whom they feed and sustain their
extravagant lifestyles. It is a typical picture of the haves
and the have-nots.

If I were to summarize what I just stated, it would be this:
What some callous conservatives enjoy referring to as fiscal
responsibility, is in fact economic oppression of the masses
and political favoritism. Even the Times article admits that
this political favoritism towards the rich exists when it
states the following. I have added a few words in brackets
for the sake of clarification:

----- Begin Quote -----

". . . recent studies have implicated the tax cuts and
spending policies of the years after 2000 when they [the
Republicans] controlled Congress and the White House."

"While he criticized some liberal Democrats' refusal to
reduce entitlement benefits, [meaning Medicare, Medicaid,
Social Security benefits, etc.] Mr. Simpson also dismissed
Republicans' antitax arguments that deficits could be
controlled with spending cuts alone. "But they don't cut
spending," he said, referring to the years Republicans
governed with President George W. Bush.

"Elected Republicans, however, are under intense pressure
from their party's [rich, elite] conservative base to oppose
any tax increases . . ."

----- End Quote -----

Of course, it needs to be recognized that George W. Bush was
not the first American puppet president to bow to the demands
of the rich and elite, but he was certainly one of the worst
in recent American history. Being as Bush is a member of the
very elite club of which we speak, should it really come as a
surprise to any of us that he would favor his friends through
such tax breaks?

In my view, no one reading this article should have any doubt
regarding the political favoritism that occurs in Washington,
D.C. In recent months we have all been witnesses to the fact
that when the greed of Big Bankers and Big Business -- such
as the automobile industry -- was shamefully exposed, instead
of being punished for their sin of greed, they were rewarded
with huge financial bail-outs totaling billions of dollars.
Yet if little people like you and I miss the rent one month,
or don't pay a utility bill on time, or miss a car payment,
uh-oh, watch out! Where is the equality? Where is the justice
in such actions? Are all men truly created equal, or is it
just a national motto that politicians like to spout off in
order to harness the sense of patriotism of their gullible
constituents? This American double standard is shameful!

While I have targeted the rich and the elite in this article,
we need to be fair about this. Regardless of who you are, or
where you live, or what your economic status is, the bottom
line, as I have shared before, is that absolutely no one can
live on borrowed time and borrowed credit forever; yet that
is precisely what many Americans have done for decades now;
and people in other countries do the exact same thing. It
seems that always wanting more, and not being satisfied with
what we already have, is a part of our sinful human nature.
Isn't that precisely what resulted in the downfall of Adam
and Eve in the Garden of Eden? They were the most perfect
couple living in the most perfect place on Earth, and yet
they were not satisfied. When an opportunity came along, via
that vile serpent, Satan, for Adam and Eve to grab more than
what they really needed, they yielded to temptation.

Now fast forward to our current time. Ironically, this tactic
of enticement and temptation is exactly the same method that
is used by the privileged class of the world in order to keep
the oppressed working class and the poor under their thumb as
well. The way that they accomplish this is by enticing people
with nice things which dazzle the eye; with luxury items that
perhaps people don't really need, such as a late-model car,
or a 52" plasma television set, and similar items. Realizing
that many people can't afford these things, they offer them a
line of credit so that they can transform their desires into
reality. In short, these crafty bankers and merchants tempt
people to live beyond their means. But what many people don't
realize, is that while that credit may initially seem like a
blessing, because it results in instant gratification, it is
the interest on that line of credit that may eventually bring
them to financial ruin if they are not careful.

Furthermore, once one sees how easy it can be to borrow money
from a bank -- assuming, of course, that they have some form
of collateral -- or to start using credit cards and such, it
can easily become an uncontrollable addiction, as a lot of
people have sadly found out, but only too late. Before long,
one has accumulated so much debt through different loans and
lines of credit, and the interest which has accrued on them,
that they have dug themselves into a financial hole out of
which they will never be able to pull themselves. The end
result is personal bankruptcy, emotional trauma, hardship,
and embarrassment.

As tragic as it is, is it really any wonder that in recent
months some people have lost their homes, their life savings
and even more? While I truly feel sorry for those people who
find themselves in such dire situations, and while it may be
difficult for certain people to hear, we must be honest with
ourselves and admit that we cannot always blame our problems
on the government, or on Big Business greed, or even on Wall
Street. At some point, personal responsibility has to enter
the picture, and we must all choose to live within our means,
and not overextend ourselves financially. We must also learn
to accept the consequences of the decisions that we've made
throughout our lives, including our financial decisions. The
buck has been passed around so much, that it is totally worn
out now, and we need to stop trying to blame others for our
mistakes and failures.

In the larger world picture, the aforementioned tactics have
likewise resulted in some poor nations of the world becoming
indebted to the rich nations, and more specifically, becoming
heavily indebted to global financial institutions such as the
International Monetary Fund and the World Bank. Some of these
poor countries desired to emulate the richer industrialized
nations, and so the International Monetary Fund and the World
Bank made it possible for them to do so by extending lines of
credit to them. But then, when these poorer countries found
themselves unable to pay back their loans, and much less the
interest on those loans, these organizations made even more
demands on them. In other words, these countries had to adopt
certain fiscal policies which these organizations demanded of
them, if they expected to remain financially afloat. In some
cases, some of these financial agreements undermined their
national sovereignty; and as a result, now, years later, the
International Monetary Fund and the World Bank basically run
entire countries by controlling their national economy. But
this should really come as no surprise to us. After all, the
Bible plainly tells us in the Book of Proverbs:

"The rich ruleth over the poor, and the borrower is servant
to the lender."
Proverbs 22:7, KJV

Please don't ever forget that verse. The truth of the matter
is that the very minute that you borrow money from someone,
or from some financial institution such as a bank or a credit
agency, you have indebted yourself to them. You have in fact
surrendered a small degree of your personal liberty, and made
yourself their servant, to do as they demand, if and when you
overextend yourself, or fail financially altogether. And the
more that you borrow money from them, the more you transform
yourself into their slave. So while Southern slavery may have
been abolished decades ago, and while whips, balls and chains
may be a thing of the past, I can assure you that economic
slavery is very much with us today all around the world, both
on a personal level, as well as on an international level.

It might interest you to know that in my personal life, I
have always strived to live within my means. As strange as
it will undoubtedly seem to some of you, I have never owned
a single credit card, and I don't intend to ever own one if
I can help it. Of course, life is a little more difficult
without them, and there are a few inconveniences, but I'll
tell you what: I don't owe anyone anything, other than our
usual monthly utility bills, etc. Neither do I have the IRS
knocking at my door, or collection agencies hounding me on
the telephone, or people threatening to take me to court.

We live a rather tight, frugal budgetary life; but to us, it
is worth it; because living in this manner spares us some of
the many headaches and worries which plague those people who
are enticed by things, and who have made a habit out of using
credit cards. My primary financial rule of thumb has always
been this: If I have the money, I will buy something; and if
I want something bad enough, but don't have the money, then I
will simply exercise the necessary discipline and save up the
money -- no matter how long it may take me -- until I do have
enough to purchase the item in question. It is safe, it is
simple, and it works. Of course, living by this rule teaches
one patience, and it helps one to better appreciate the item
once it is finally obtained.

The closest that I personally have ever come to credit, is
when I purchased a living room set, and then a stereo combo,
a number of decades ago using a payment system that's called
"layaway". But technically-speaking, "layaway" really isn't
purchasing something on credit, because you can't even take
the item home until after you have made all of the payments,
or installments; and believe me; not being able to take the
item home immediately does motivate a person to make those
payments as quickly as possible.

If there is one lesson that I hope you take away from this
article, it is that we all need to learn to live within our
means, and simply be satisfied with that. We must not allow
ourselves to be overly enticed by the things of the world.
We all need to remember the wise words of the Apostle John
who wrote the following:

"Love not the world, neither the things that are in the
world. If any man love the world, the love of the Father is
not in him. For all that is in the world, the lust of the
flesh, and the lust of the eyes, and the pride of life, is
not of the Father, but is of the world. And the world
passeth away, and the lust thereof: but he that doeth the
will of God abideth for ever."
1 John 2:15-17, KJV

And of course, Jesus Himself admonished us with these wise
words as well:

"Lay not up for yourselves treasures upon earth, where moth
and rust doth corrupt, and where thieves break through and
steal: But lay up for yourselves treasures in heaven, where
neither moth nor rust doth corrupt, and where thieves do not
break through nor steal: For where your treasure is, there
will your heart be also."
Matthew 6:19-21, KJV

The Apostle Paul likewise encouraged us to be content with
the things that we have, realizing that when we leave this
current life, we certainly can't take any of it with us, as
we see here:

"Not that I speak in respect of want: for I have learned, in
whatsoever state I am, therewith to be content."
Philippians 4:11, KJV

"For we brought nothing into this world, and it is certain
we can carry nothing out."
1 Timothy 6:7, KJV

In conclusion, if Americans as individuals, and if America
as a nation, lived within their means, and stopped being so
greedy, and so wasteful, and stopped living on borrowed time
and borrowed credit, they would not now find themselves in
their current debt crisis and fiscal dilemma. The American
Government needs to adopt a more equitable tax system, where
the privileged class carries its fair share of the national
tax burden. Political favoritism is unjust and unpatriotic,
and it must be done away with. It is the failure of the US
Government to take this necessary step, which has resulted
in undue hardships on working class Americans, and it has
only served to fuel discontent amongst the masses. If the
leaders of America don't correct this situation, the pipers
-- foreign creditors -- may come knocking at your door soon,
demanding full payment. Then what will you do?

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