The Greatest depression is coming, are you ready?
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Hindsight seems like it is 20/20 when you are being led by the Blind
The banking system is completely and totally based on US Bonds. Therefore one would think that the insurance (FDIC) of the banking system would be based on something very different like Gold. But no, FDIC has bought the same instrument that they are insuring because the whole system is one giant ponzi scheme.
If FDIC had gold there would be no "unrealized losses" on their books, but they have bonds. As a result they say they have 600 billion in unrealized losses, but imagine if FDIC sells their bonds to cover the banks, you will get a panic and the real losses could be $2 trillion.
It is like putting your foot through the floor and realizing the entire house is one big termite mound.
The banking system is completely and totally based on US Bonds. Therefore one would think that the insurance (FDIC) of the banking system would be based on something very different like Gold. But no, FDIC has bought the same instrument that they are insuring because the whole system is one giant ponzi scheme.
If FDIC had gold there would be no "unrealized losses" on their books, but they have bonds. As a result they say they have 600 billion in unrealized losses, but imagine if FDIC sells their bonds to cover the banks, you will get a panic and the real losses could be $2 trillion.
It is like putting your foot through the floor and realizing the entire house is one big termite mound.
Thursday: HalTurnerRadioShow.com
Peter Thiel’s Founders Fund and several other high-profile venture capital firms advised their portfolio companies to pull money from Silicon Valley Bank on Thursday, responding to panic about the bank’s financial situation in tech startup circles.
They asked on Thursday. By Friday morning, the Bank was dead.
Turner’s OPINION:
It looks like Peter Thiel and some of his Venture Capital buddies panicked.
When they told their pals to pull money out of the bank over a measly $1.8 Billion loss during the Bank's sale of some Mortgage-Backed Securities, that set-in motion the collapse of the bank.
Had Thiel and his pals just left things alone, it seems to many people the bank would still be standing.
China orders its Finance Ministry to sell its US Treasuries at "fastest pace."
Meanwhile, the People's Bank of China has added over 102 tons of gold in 4 months in an attempt to limit counterparty risk in a conflict with the US over Taiwan.
I am sure you have heard about many banks going under.
Pastor Shane Warren had a vision and spoke about it July 10, 2012 to the Prophecy Club in summary this is what was said:
WORTHLESS DOLLARS:
He saw a satellite image of America, a storm covering from north, south and from east to west over America.
…he reached down and picked up a fist full of dollar bills. It's raining dollar bills. It's almost like
they're worthless.
EARTHQUAKE:
The New Madrid Fault, in the heartland of America has just had a major earthquake! I heard a booming voice speak from behind me saying, “They have divided my land; now I will divide their land.”
MIDDLE EAST DREAM:
India, Syria, Indonesia, Turkey, Iran, Saudi Arabia, Pakistan, Egypt, Russia and China. These world leaders were discussing how to devalue the Dollar by buying oil in another currency. I saw drastic drops in the value of the dollar.
INTERNAL REVOLUTION:
The devaluing of our dollar caused major rioting in the streets. I saw riots in major cities on their signs was written, "Give us our entitlements ... Give us our entitlements."
I saw the incredible changes in the prices of currency. I saw silver, not gold, but I saw silver begin to drastically increase in value; not gold, but silver; which to me is against my natural thinking. I don't really fully understand, I'm not an economist, I'm a preacher.
I saw with that riots begin to break out. Major cities all over America broke out in riots. People were rioting in the streets and on their sign is, "Give us our entitlements ... Give us our entitlements."
And it was literally war. I mean, it looked like civil war within our borders, but it was all over the issue of the devaluing of money.
In this meeting these world leaders were talking about how to devalue the currency of America by buying oil with another currency and somehow or another that would drive down the value of the American dollar.
On August 24, 2022 Saudi announced it was switching from the United States offering them protection and in return only selling their oil in Dollars to allowing Russia to now protect them.
Last month Saudi started offering their oil for sale in other denominations OTHER THAN THE DOLLAR!
I believe the fall of Silicon Valley Bank is but the first domino to fall in a long line of banks to fail the ultimate objective is to move away from paper and coins and go to digital currency! I believe in 2024 we will see a digital currency introduced.
Henry Kissinger said, “Who controls the food supply controls the people; who controls the energy can control whole continents; who control money can control the WORLD!
REV 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
They will use a digital currency system accessed through your cell phone to make ALL TRANSACTIONS and REMOVE cash!
Vicki Goforth Parnell, Byron Searle, and Terry Bennet all say the Tribulation has started. Terry Bennet said the angel Gabriel visited him in his home, blew a loud trumpet and proclaimed the seven-year Tribulation has started on the Feast of Atonement, which was October 5, 2022.
Sadly, that lines up with everything I have taught.
I am asking for fasted prayers for our nation to withstand the attack on our finances.
Not to allow evil to destroy our financial system and bring in a Mark of the Beast financial system. We still must pray for the best for our nation or the devil will win. (Stan Johnson, Prophecy Club)
Peter Thiel’s Founders Fund and several other high-profile venture capital firms advised their portfolio companies to pull money from Silicon Valley Bank on Thursday, responding to panic about the bank’s financial situation in tech startup circles.
They asked on Thursday. By Friday morning, the Bank was dead.
Turner’s OPINION:
It looks like Peter Thiel and some of his Venture Capital buddies panicked.
When they told their pals to pull money out of the bank over a measly $1.8 Billion loss during the Bank's sale of some Mortgage-Backed Securities, that set-in motion the collapse of the bank.
Had Thiel and his pals just left things alone, it seems to many people the bank would still be standing.
China orders its Finance Ministry to sell its US Treasuries at "fastest pace."
Meanwhile, the People's Bank of China has added over 102 tons of gold in 4 months in an attempt to limit counterparty risk in a conflict with the US over Taiwan.
I am sure you have heard about many banks going under.
Pastor Shane Warren had a vision and spoke about it July 10, 2012 to the Prophecy Club in summary this is what was said:
WORTHLESS DOLLARS:
He saw a satellite image of America, a storm covering from north, south and from east to west over America.
…he reached down and picked up a fist full of dollar bills. It's raining dollar bills. It's almost like
they're worthless.
EARTHQUAKE:
The New Madrid Fault, in the heartland of America has just had a major earthquake! I heard a booming voice speak from behind me saying, “They have divided my land; now I will divide their land.”
MIDDLE EAST DREAM:
India, Syria, Indonesia, Turkey, Iran, Saudi Arabia, Pakistan, Egypt, Russia and China. These world leaders were discussing how to devalue the Dollar by buying oil in another currency. I saw drastic drops in the value of the dollar.
INTERNAL REVOLUTION:
The devaluing of our dollar caused major rioting in the streets. I saw riots in major cities on their signs was written, "Give us our entitlements ... Give us our entitlements."
I saw the incredible changes in the prices of currency. I saw silver, not gold, but I saw silver begin to drastically increase in value; not gold, but silver; which to me is against my natural thinking. I don't really fully understand, I'm not an economist, I'm a preacher.
I saw with that riots begin to break out. Major cities all over America broke out in riots. People were rioting in the streets and on their sign is, "Give us our entitlements ... Give us our entitlements."
And it was literally war. I mean, it looked like civil war within our borders, but it was all over the issue of the devaluing of money.
In this meeting these world leaders were talking about how to devalue the currency of America by buying oil with another currency and somehow or another that would drive down the value of the American dollar.
On August 24, 2022 Saudi announced it was switching from the United States offering them protection and in return only selling their oil in Dollars to allowing Russia to now protect them.
Last month Saudi started offering their oil for sale in other denominations OTHER THAN THE DOLLAR!
I believe the fall of Silicon Valley Bank is but the first domino to fall in a long line of banks to fail the ultimate objective is to move away from paper and coins and go to digital currency! I believe in 2024 we will see a digital currency introduced.
Henry Kissinger said, “Who controls the food supply controls the people; who controls the energy can control whole continents; who control money can control the WORLD!
REV 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
They will use a digital currency system accessed through your cell phone to make ALL TRANSACTIONS and REMOVE cash!
Vicki Goforth Parnell, Byron Searle, and Terry Bennet all say the Tribulation has started. Terry Bennet said the angel Gabriel visited him in his home, blew a loud trumpet and proclaimed the seven-year Tribulation has started on the Feast of Atonement, which was October 5, 2022.
Sadly, that lines up with everything I have taught.
I am asking for fasted prayers for our nation to withstand the attack on our finances.
Not to allow evil to destroy our financial system and bring in a Mark of the Beast financial system. We still must pray for the best for our nation or the devil will win. (Stan Johnson, Prophecy Club)
NEW: First Republic Bank Downgraded to Junk by S&P
https://www.thegatewaypundit.com/2023/03/new-first-republic-bank-downgraded-to-junk-by-sp/
https://www.thegatewaypundit.com/2023/03/new-first-republic-bank-downgraded-to-junk-by-sp/
Credit Suisse Shares Tumble to New Record Low, Saudis Pull Funding, Trading Halts
https://www.thegatewaypundit.com/20...record-low-saudis-pull-funding-trading-halts/
https://www.thegatewaypundit.com/20...record-low-saudis-pull-funding-trading-halts/
European Central Banks lift interest rate by 0.5%
People were hoping the US wouldn't raise interest rates at the next fed meeting, this will put maximum pressure on them to raise the rates. The US has to be able to sell bonds. By raising interest rates the bonds banks are holding decrease in value.
https://www.marketwatch.com/story/e...-interest-rates-36cd346b?mod=newsviewer_click
People were hoping the US wouldn't raise interest rates at the next fed meeting, this will put maximum pressure on them to raise the rates. The US has to be able to sell bonds. By raising interest rates the bonds banks are holding decrease in value.
https://www.marketwatch.com/story/e...-interest-rates-36cd346b?mod=newsviewer_click
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https://www.marketwatch.com/story/f...st-rates-next-week-b465a0d9?mod=mw_latestnews
Earlier they were reporting that the Fed would pause in their interest rate hikes, now they are saying they will be forced to follow the ECB.
People are being tossed to and fro by every wave. The structural problem with the banks is they have bonds that have lost a lot of value, they are afraid to have realized losses as that would destroy their balance sheet. Pausing interest rate hikes only prolongs the pain. However, if they raise rates it will make the losses even worse.
All of the projections are best case scenarios because worst case includes nuclear war with Russia, pointless to even worry about that as it would be catastrophic.
But anyone who is realistic would see nuclear war with Russia is a distinct possibility.
Earlier they were reporting that the Fed would pause in their interest rate hikes, now they are saying they will be forced to follow the ECB.
People are being tossed to and fro by every wave. The structural problem with the banks is they have bonds that have lost a lot of value, they are afraid to have realized losses as that would destroy their balance sheet. Pausing interest rate hikes only prolongs the pain. However, if they raise rates it will make the losses even worse.
All of the projections are best case scenarios because worst case includes nuclear war with Russia, pointless to even worry about that as it would be catastrophic.
But anyone who is realistic would see nuclear war with Russia is a distinct possibility.
The reason I liked this video besides the fact he pushed back to tell the truth on CNN, was that he explained the goal of Biden saying all deposits will be insured. A lightbulb went off with me as to what is going on. If you guarantee all accounts and FDIC doesn't have the money I assumed they would hit deposit holders up with big fees to cover collapses, like 10% fee taken from your deposit. That of course would cause a panic, a stampede out of the banks and riots. Not too bright. So that was the Biden is a moron theory.
But this was that they would simply print more money and so your money becomes worth less. We are talking about runaway inflation, causing a very rapid collapse of the US dollar, the evil genius crashing the US dollar to bring in the one world currency as a "savior" theory.
But this was that they would simply print more money and so your money becomes worth less. We are talking about runaway inflation, causing a very rapid collapse of the US dollar, the evil genius crashing the US dollar to bring in the one world currency as a "savior" theory.