PROPHECY UPDATE
PROPHECY RELATED NEWS AND COMMENTARY
Thursday, October 29, 2026
European Leaders Pick Up the Phone and Call Putin
How Debt-Free Families Still Pay a Price for Washington’s Debt
There’s a special satisfaction that comes with paying off your mortgage, isn’t there?
For most Americans, it’s one of the biggest financial milestones of their lives. No more monthly house payments. No more worrying about mortgage interest rates. The house is finally yours, free and clear.
Maybe you’ve paid off your vehicles, too. And maybe you pay your credit card balance in full every month.
Congratulations! You’ve achieved a degree of financial independence that a lot of Americans spend their entire lives working toward.
But here’s something you may not have considered…
You can pay off every dollar of your own debt and still suffer the consequences of somebody else’s borrowing.
Especially when that somebody happens to be the federal government.
See, Washington doesn’t borrow from some separate financial universe. It competes for financing in the same economy as the rest of us.
And when Washington borrows money on the scale we’re talking about today, the consequences can reach much further than most Americans realize.
Even those who don’t owe anybody a dime.
According to an October 17 report from Fortune, the federal government spent a staggering $1.05 trillion on net interest payments during the fiscal year 2026.
That’s approximately $2.9 billion every single day.
Now, I want to make an important distinction here.
That $2.9 billion a day isn’t how much Washington is borrowing. It’s how much Washington is paying in interest on money it hasalready borrowed. And already spent (or wasted, or lost).
To put those numbers in perspective, interest on the federal debt is now the third-largest category of federal spending, behind Social Security and Medicare.
Interest payments consumed 14% of the entire federal budget in fiscal 2026.
Think about that for a moment. More than one dollar out of every seven spent by the federal government went toward servicing its existing debt.
Not building roads. Not maintaining bridges. Not providing medical care or Social Security payments. Not building Tomahawk missiles or paying disabled veterans’ benefits.
Just paying interest.
And according to the Peter G. Peterson Foundation’s estimate cited by Fortune, those interest costs reached consume the largest share GDP ever – surpassing the previous record set in 1991.
The problem is what happens when enormous, persistent deficits require enormous, persistent borrowing – year after year after year.
And here’s where the consequences become personal.
How Will The Results Of The Election In Israel Affect The War In The Middle East?
These results are a crushing disappointment for supporters of Eisenkot.
His coalition was supposed to win the most seats by a comfortable margin.
Now we are potentially facing a deadlock, because the other 19 seats were all won by Arab parties…
There is no way that Netanyahu would ever form a government with the Arab parties.
If Eisenkot broke his word and tried to do so, two of his most important allies would immediately bolt and his coalition would crumble.
So it appears that we will either see a unity government or there will be another election.
There are thousands of votes that still need to be counted, but they are not expected to significantly alter the results…
In its update just after 2:30 p.m. on Wednesday, the CEC said 85.6% of total votes had been counted, representing the results from 92.9% of ballot boxes.
While the results were not final, they weren’t expected to change dramatically, and it was expected that the figures, which had been updated regularly since early Wednesday morning, would not be updated again until Thursday.
Needless to say, this is considered to be a victory for Netanyahu.
It is likely that he will either continue to serve as prime minister in a unity government or as a “caretaker prime minister” until a new election can be held.
The voter turnout percentage for this election was 77.7 percent according to the country’s Central Elections Committee.
That is the highest level of voter turnout since 1999.
Israeli voters flocked to the polls in huge numbers because they realized that so much was at stake.
The U.S. and Israel have both been making extensive preparations for a new campaign of airstrikes in Iran, and it appears that the war in the Middle East is about to go to an entirely new level.
During the campaign, Netanyahu repeatedly stated that regime change in Iran is his goal, while Eisenkot assured voters that he would not seek to topple the Iranian regime…
Netanyahu has long pushed to topple mullahs in the Islamic Republic. Eisenkot agrees that Iran must never be allowed to develop a nuclear weapon, but has said regime change is unrealistic.
“Eisenkot has stated that he would not seek to bring about the fall of the regime in Iran,” said Yossi Mansharof, an expert on Iran for The Misgav Institute for National Security and Zionist Strategy.
That was one of the starkest differences between the two candidates.
If Eisenkot had been victorious, he would have sought to make some sort of a bargain with Iran…
Observers believe that if Eisenkot takes power — which would likely require an alliance with Arab parties — he could push to make a deal that would enrich Iran in exchange of nuclear concessions.
“Netanyahu would not agree to such an arrangement, understanding that a nuclear deal would prolong the regime’s lifespan,” Mansharof said.
Netanyahu carried that theme into his post-election address early Wednesday, telling supporters that Israel and the United States now had a historic, once-in-a-lifetime opportunity to eliminate the Iranian threat.
“Iran is weaker than ever, Israel is stronger than ever,” Netanyahu said, portraying the moment as an opportunity to finish the confrontation alongside Trump.
Of course the Iranians will do whatever they feel is necessary to survive.
So the stage has been set for an apocalyptic showdown.
On Wednesday, the Wall Street Journal was reporting that the U.S. has informed our allies in the Gulf that “a short, intense military campaign” is coming following the midterm elections…
The U.S. has told several Gulf Arab countries to be prepared for a short, intense military campaign after the U.S. midterm elections, people briefed on the conversations said.
The communications through diplomatic and military channels are among a growing number of indications that the U.S. and Israel are readying to launch a new round of heavy combat operations against Iran, risking a major escalation in hopes of degrading Tehran’s strength and pushing it toward negotiations.
The midterm elections in the United States are in less than a week.
So the clock is ticking.
Apparently officials from Qatar presented one last peace proposal from the Trump administration to the Iranians, but the Iranians were not impressed with it at all…
The Iranians are never going to agree to the nuclear concessions that the Trump administration is seeking.
They can present the same proposals to the Iranians 100 different times, and 100 different times they will fail.
There isn’t going to be peace.
Netanyahu is absolutely determined to end the regime in Iran, and Iran is absolutely determined to wipe Israel from the map.
Iran is pledging to strike very sensitive targets in Israel and all over the Middle East.
If the Iranians push things too far, they could reach a point no return, and then we will have all-out war on our hands.
Wednesday, October 28, 2026
Perfect Storm For Banks... And The World
So, banks are looking at more unreported losses there. . .. The really big one is the artificial intelligence (AI) industry. It needs massive amounts of new capital in order to build the new data centers. Private credit companies have financed this . . . and the big banks financed the private credit companies.
So, if the AI bubble bursts, the big banks will be on the hook for a lot of that debt. Wherever you look, the banks have a lot of unreported losses sitting out there waiting for them to become reported."
But it's not just the banks facing a 'perfect storm.' It is countries like France, where communism and Islam have joined forces in the so-called "Islamo-Leftist Green-Red" movement. These Green-Red "protests" are in their second month. Do you think this destructive violence is good for the France banks or their economy? France has just had a credit downgrade, and if France fails, it could take down the Eurozone and maybe the global economy. Rubino says:
"They are illustrating the validity of the saying 'import the third world and become the third world.' They are just not France anymore. Most of Europe has varying degrees of the same problems. Europe is not that far away from becoming a nuclear armed caliphate, which creates all kinds of problems for the US."
Meanwhile, the problems in France have already spread to the rest of Europe, and Rubino points out:
"Europe was a bigger economy than the US, or at least it was. When you have trouble in an entity that is that big, nobody escapes the fallout. The European crisis is a global crisis."
Iran warns of global energy shock if Israel strikes
Iran warned Wednesday that a new Israeli offensive in the Persian Gulf could have severe economic consequences, as tensions between the two countries continue to rise.
In a post on X, Iranian Foreign Minister Abbas Araghchi said another Israeli military operation could have a “devastating impact” on international markets, particularly the energy sector.
Both gas producers and consumers would be directly affected by renewed regional fighting, he warned.
His comments came as provisional results from Israel’s parliamentary elections showed Benjamin Netanyahu’s Likud party in the lead. Netanyahu repeatedly warned Iran during his election campaign.
Backed by US President Donald Trump, the outgoing prime minister has argued that overthrowing Iran’s government is the only way to permanently eliminate what he describes as an existential threat to Israel.
Relations between Israel and Iran remain deeply strained following successive rounds of fighting. Israel struck Iran in June 2025, followed by a joint Israeli-American offensive launched in late February 2026.
A ceasefire was reached in April after 40 days of bombardment. Washington and Tehran subsequently signed a memorandum of understanding in June, but the fragile truce eroded over the summer, leaving diplomatic negotiations at a standstill.
Iran’s foreign ministry has maintained that the outcome of Israel’s elections will not alter Tehran’s position.
Previous confrontations have disrupted global markets and driven up oil and gas prices. Renewed fighting could deepen uncertainty over international energy supplies.