EMINENT INVESTMENT ANALYST FORECASTS AMERICA’S DEMISE

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A decade after his most controversial prediction, The End of America, where he warned of the cultural and economic decay that’s plaguing America. Porter Stansberry (Stansberry Research – Investment Advisory Service) just released the shocking finale to his original documentary, and his decade-long investigation points to one inescapable conclusion: From the growing number of riots and protests to the banking collapses and loss of America’s AAA credit rating, to ever-increasing government authoritarianism…  

He says this story is far bigger, far more important, and far more urgent than perhaps anything he has ever done. 

He warns America has now reached the financial precipice… and that what’s coming next will trigger a new national crisis that will reshape our entire country for decades to come.  

Unless you take action immediately, Porter says you could risk being wiped out financially in the chaos ahead. Yet nobody is warning you of what’s coming or showing you how to protect yourself, your family, and your finances. That’s why, after months of work, he has released an incredible new documentary film that explores everything in exacting detail. – The event that will trigger a new national crisis. 

– How this looming, unstoppable event will reshape everything about the American economy, culture, and financial system. 

The exact moves Porter is personally making – and urging his friends and family to follow too – in order to safeguard their savings, investments, and way of life. Plus much, much more. Right now, for a limited time only, you can watch his new documentary at no cost. 

Just click here and it’ll start streaming.

Sadly, Porter makes no mention of God and the Biblical prophecies that forecast what we see happening in the world today: godlessness and lawlessness would precede Jesus’ return to defeat the Antichrist and the world’s armies at the battle of Armageddon. At this time Jesus judges the nations and sets up His Millennial Kingdom.

“Also I saw the souls of those who had been beheaded for the testimony of Jesus and for the word of God, and those who had not worshiped the beast or its image and had not received its mark on their foreheads or their hands. They came to life and reigned with Christ for a thousand years. The rest of the dead did not come to life until the thousand years were ended. This is the first resurrection. Blessed and holy is the one who shares in the first resurrection! Over such the second death has no power, but they will be priests of God and of Christ, and they will reign with him for a thousand years.” Revelation 20:4-6

END TIMES EVENTS LEADING TO A ONE-WORLD GOVERNMENT

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A number of strange events are starting to play out all across the U.S.A
1. 50% of employers expect to lay workers off in the coming weeks…
2. 20 million American households are behind on their utility bills…
3. $13.5 trillion in American wealth has evaporated, as stocks and real estate prices have fallen…
4. To make matters worse, food prices continue to rise — with even vegetables up over 80% in the past year.
Together, all of this is likely setting up what one research firm believes will result in a “gold storm”
Stansberry Research is one of the most highly-respected research firms in the world… providing cutting-edge market research to over a million readers. And they just released a brand-new warning for what they believe will happen to gold in 2023…
According to these experts:
“The evidence is everywhere. But most folks aren’t paying attention. We are in the early stages of a gold mania – the calm before the storm.” And yet, even the most prepared Americans – including many retirees – could be blindsided by what’s about to happen. This is why they’ve posted their full, brand-new warning to the public on their website right here.
These events are also the reason why Bitcoin and some of the other crypto coins are increasing significantly. Rightly so, with governments printing money recklessly why should people believe money will retain its value.
This might be a timely warning for you to look at other options than cash. Christians need to be wise and make good choices as well. There are websites where you can get helpful information from Christians such as http://www.biblemoneymatters.com, http://www.gracefinancialadvisors.com, and http://www.smartasset.com, and http://www.iccc.net (International Christian Chamber of Commerce)
Whilst investopedia.com is not a Christian-based website it does offer some helpful advice on faith-based investing.

WHAT A LEADING U.S.A. FINANCIAL ANALYST IS SAYING ABOUT THE FUTURE

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The following economic information on the US is taken from an article by Simon Black, Founder of Sovereign Man. His recommendations are radical – it makes sense to consider having another place to go for you and your family to be safe.

The US national debt is now $33.6 trillion… and it has increased more than HALF A TRILLION DOLLARS just so far this MONTH. Astonishing. And it’s a pretty safe bet that the US government will continue its wild spending spree.

In the last fiscal year which just ended a few weeks ago, a whopping 83% of US tax revenue was spent JUST on Social Security/Medicare, the military, and interest on the national debt. And spending on those three programs is probably not going down.

Does anyone honestly think that a majority of politicians in Congress will slash defense spending at a time like this? Or eliminate Social Security? Or default on the national debt? Those three spending items can’t really be cut. In all likelihood, they will INCREASE. Given all the conflict in the world, US defense spending will probably grow. Social Security spending is already scheduled to increase according to the program’s own published forecasts.

And, considering how quickly the national debt is rising– coupled with higher interest rates– annual interest payments will skyrocket. This means that spending on Social Security, military, and interest, will likely increase from 83% of tax revenue to ONE HUNDRED PERCENT of tax revenue, over the next several years.

America will have to go into debt to fund everything else in the federal government, from Veteran’s Benefits to Homeland Security. But don’t take my word for it. Even the Congressional Budget Office (CBO), which is a government agency of the United States Congress, agrees.

The CBO’s most recent 10-year forecast shows that mandatory entitlement spending (like Social Security) plus annual interest payments on the national debt, will EXCEED all US federal tax revenue by 2031. And that doesn’t even include defense spending! This reality is only SEVEN YEARS AWAY.

Yet if that train wreck wasn’t enough, remember that Social Security’s key trust fund will also run out of money two years later in 2033, according to the program’s most recent annual report. And bailing out Social Security will cost trillions of dollars just to get started.

So, just to be clear, the government’s own projections show that they will reach the fiscal point of no return in just seven years… and then require a multi-trillion dollar bailout of Social Security two years later. Yet as grim as that timeline may be, these government forecasts also naively assume that there will be no major war, pandemic, or national emergency in the meantime. So in reality the doomsday may be much closer.

I’m not being dramatic or sensational. Again, I’m literally citing US government forecasts. Millions of unsuspecting people will have their lives turned upside down from the negative consequences.

Social Security is in serious trouble; 50+ million people are at risk of having their benefits slashed by 2033. There’s also a very high likelihood that the Federal Reserve will start cutting interest rates and printing money again in order to bail out the federal government… thus creating a LOT more inflation.

Taxes will almost certainly rise. Crime could definitely increase, especially petty theft and robbery. Business conditions could be a lot more difficult; it will be harder to raise capital, harder to borrow, and harder to sell, causing a number of companies to either fail or never be started in the first place.

If crime rates spike and civil disturbances become more frequent, it makes sense to consider having another place to go for you and your family to be safe. That might be somewhere overseas in a country where you enjoy visiting and your kids could pick up foreign language proficiency. It might even be a place where you could one day become eligible to apply for a second passport, creating a lifetime of benefit and flexibility for your entire family.

Also, if the value of the US dollar is going to decline… and the rest of the world seems likely to find a replacement as the dominant reserve currency… it makes sense to find alternative assets that can hold their value over time.

I have already written posts about how the elite: the World Economic Forum and the United Nations are planning to resolve this catastrophic scenario with The Great Reset and the Pact for the Future.

The United Nations Is Planning to make a Covenant with the Many in September 2024. Will this begin the Biblical prophesied last seven years and tribulation? The U.N. calls it the “Pact for the Future“. These proposals cover and I quote:  “A New Agenda for Peace that would reinvigorate our collective security framework; a global financial system that works for all; economic metrics that go beyond GDP [gross domestic product] to underpin policy decisions; a compact that would harness the benefits and manage the risks of digital technologies and artificial intelligence; a voluntary code of conduct on information integrity online; new protocols to manage global shocks more effectively; stronger cooperation in outer space; a transformation of education systems; the meaningful inclusion of young people in global decision‑making processes; ways to safeguard the future and uphold the rights of future generations; and a UN 2.0, better equipped to support Member States through the use of data, digital tools, innovation, foresight, and behavioral science. I commend the progress that has already been made on many of the mandated Our Common Agenda recommendations, through the debates convened last year by the President of the General Assembly; the establishment of the UN Youth Office; the five transformative measures for gender equality; the new vision for the rule of law; the Global Accelerator on jobs and social protection; and plans for the proposed open Biennial Summit among members of the G20 [Group of 20], ECOSOC [Economic and Social Council], leaders of international financial institutions and myself as Secretary-General of the United Nations.

The Pact for the Future will be your contract with each other and with your people.  It represents your pledge to use all the tools at your disposal at the global level to solve problems before those problems overwhelm us.  The challenges we face are universal. They require universal solutions and cannot be solved through small groupings of states or coalitions of the willing. The United Nations is the only forum where this can happen.  It will also be important to welcome the contributions of civil society, academia, the private sector, and other important stakeholders.

Former Congresswoman Michele Bachmann has told CBN News she fears all the world’s nations are about to submit too much sovereignty to a United Nations organization.

The former congresswoman points out that the Bible warns that a world-dominating power will bring trouble. “When you look at what the Bible says and the convergence of events that we are seeing across the world right now, and what the prophets from the Bible have said, we need to really pay attention to what’s going on. Because this is the creation of a platform for global government.  And according to the Bible, things that are not good come out of a global government.”

Michelle is correct, what we see happening is fulfilling Biblical end-times prophesies. It is the first move toward a one-world government and the Antichrist spoken of by Daniel.

Before the Antichrist arrives on the scene, the Bible speaks of a battle between Iran and Turkey, the winner being Turkey and for a short period of time the re-establishment of a revived Ottoman Empire. It is then broken up into four possibly by United Nations forces.

“Then the goat (revived Ottoman Empire) became exceedingly great, but when he was strong, the great horn was broken, and instead of it there came up four conspicuous horns toward the four winds of heaven.
Out of one of them came a little horn (Antichrist), which grew exceedingly great toward the south, toward the east, and toward the glorious land.” Daniel 8:8-9

The Antichrist arises out of one of these four kingdoms.

All the evidence indicates we are fast approaching the last seven years prior to Jesus’ return so how should we live?

Jesus made it possible for our Heavenly Father to send the Holy Spirit to enable us to live the Christian life. He is our Counsellor, Teacher, and Comforter. He produces the fruit of the Spirit in our lives (all 9, Galatians 5:22-24) and provides the gifts of the Spirit (all 9, 1 Corinthians 12:4-11) for ministry so God has provided all we need. All we need to do is to say each minute of every day, not my will but Your will be done in me today. Then God will use you mightily for His purposes.

ANOTHER PROPHESIED END-TIMES SIGN – ECONOMIC COLLAPSE

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America’s Banks Are Still Teetering on the Edge

Abstract from an article by Briton Hill, co-founder of Weber Global Management.

The U.S. survived the largest banking crisis in its history earlier this year… So far, at least.

It might seem like a distant memory. But in the first half of 2023, the failures of Silicon Valley Bank, Signature Bank, and First Republic Bank wiped out nearly $550 billion.

When Silicon Valley Bank and Signature Bank collapsed over a three-day period in March, ripples of fear shot through the economy. Anxious depositors lined up outside nearly every financial institution. And they pulled hundreds of billions of dollars out of U.S. banks.

The panic initially hit regional banks the hardest. Some of these banks’ stocks fell almost 50% in a single day. It didn’t take long for the crisis to spread throughout the financial services industry. Even some of the country’s largest institutions fell victim to the panic… For example, Charles Schwab’s (SCHW) depositors and investors didn’t need to worry about bankruptcy. And yet, the panic caused the company’s stock to plunge more than 30% in a matter of days. The entire U.S. financial system teetered on the brink of collapse.

So on March 12 – a Sunday, by the way – the Federal Reserve stepped in. The central bank said it would “assure banks have the ability to meet the needs of all their depositors.” In other words, it guaranteed all depositors’ funds in the failing banks. Crisis averted. At least for the time being.

The unrealized losses on investment securities for U.S. banks in 2022 and 2023 make the financial crisis look like child’s play…

Bank of America (BAC) is the second-largest bank in the country. It holds $760 billion in U.S. Treasury securities. But recently, it was sitting on an unrealized loss of $110 billion.

That’s more than the entire financial system at any point during 2008 or 2009.

If U.S. consumers catch wind of how big this problem is, it could ignite another bank run…

We’re talking about hundreds of billions of dollars in unrealized losses. These losses are keeping banks’ balance sheets underwater. As a result, many banks’ “reserve ratios” are off. (The reserve ratio is the portion of cash that a bank needs to hold, rather than lend out or invest. It’s how the system makes sure the bank has enough cash on hand to meet customer withdrawals.)

In other words, the banks can’t lend. America’s banks are paralyzed. They’re still teetering on the edge of collapse today.

But just because the banks can’t lend doesn’t mean cash needs to completely disappear… This situation has created a vacuum. People and businesses still need cash. And they’re willing to pay premium rates. But banks can’t help because of their terrible balance sheets. As a result, a long-forgotten sector has been reborn over the past few years… Private credit.

Nonbank lenders are filling the void. They’re gobbling up billions of dollars in market share every day…

The size of the private-credit market totalled around $875 billion in 2020. These days, it’s around $1.5 trillion. That’s a roughly 70% increase in just three years. In fact, insurance companies are essentially becoming the “new banks” in the market. They’re making a fortune doing it. This helps corporations and investors but what about the average worker depending upon his bank for finance?”

The chasm between the rich and poor is only going to get larger and is one of the reasons Jesus must return to restore righteousness. Prior to God destroying this Earth by fire, it has another 1,000 years with Jesus ruling and reigning with the glorified Saints. The nation God established for His purposes, Israel, will finally fulfill its destiny but only with Jesus ruling from a new Jerusalem.

“From His (Jesus) mouth comes a sharp sword with which to strike down the nations, and he will rule them with a rod of iron. He will tread the winepress of the fury of the wrath of God the Almighty. On his robe and on his thigh he has a name written, King of kings and Lord of lords.” Revelation 19:15-16

Then we will have had 6,000 years of unregenerate man ruling the world under the influence of Satan and his demons followed by 1,000 years with Jesus and the Saints ruling the nations with a rod of iron. At 7,000 years this Earth’s history is complete.

“Then comes the end, when he (Jesus) delivers the kingdom to God the Father after destroying every rule and every authority and power. For he must reign until he has put all his enemies under his feet. The last enemy to be destroyed is death.” 1 Corinthians 15:24-26

Then comes the second resurrection of the dead followed by the White Throne judgement and only then does John see a new Jerusalem descending from a new Heaven onto a new Earth where only the righteous dwell.

“Then I saw a new heaven and a new earth, for the first heaven and the first earth had passed away, and the sea was no more. And I saw the holy city, new Jerusalem, coming down out of heaven from God, prepared as a bride adorned for her husband. And I heard a loud voice from the throne saying, “Behold, the dwelling place of God is with man. He will dwell with them, and they will be his people, and God himself will be with them as their God. He will wipe away every tear from their eyes, and death shall be no more, neither shall there be mourning, nor crying, nor pain anymore, for the former things have passed away.” Revelation 21:1-4

MORE PROPHESIED END TIMES SIGNS

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Nomi Prins spent time at Chase Manhattan Bank, Lehman Brothers, Bear Stearns, and Goldman Sachs, before hanging it up and becoming an investigative journalist that sheds light on Wall Street’s more nefarious practices and the US economy at large.

A free market cannot exist, so long as a central entity is setting interest rates and without a free market, some (chosen) parties will always prosper more than others. So, if you’ve ever felt like you have been held back, running in place, working long hours only to just barely get by, now you know why. The Federal Reserve is the reason 64% of Americans are now living paycheck to paycheck.

Hardly any mainstream publications stray far from the official narrative nowadays, but surprisingly Business Insider recently asked a powerful question regarding The Fed: Is America free if a private bank owns and controls our economy?

TRICKLE DOWN WEALTH

On paper, this is what central banking is supposed to do: “Trickle down wealth” is the term it is given, but Nomi believes this to be the biggest lie in financial history and I would tend to agree with her in this instance. Instead, this is what The Fed actually does: As one of the only entities in the world that can “print” or fabricate trillions of dollars and funnel it to the rich, it is doing exactly this.

This is the permanent distortion -the separation of the rich and elite versus everyone else. The bad news is that it could get worse. As we are on the verge of a financial shock that could soon replace all the physical cash in the world, with a digital counterpart. That’s right, Central Banking Digital Currencies (CBDCs) are on the way, with some 90% of central banks in the process of planning the digitalization of their currencies as we speak.

Nomi believes one single stock Block Inc. (NYSE: SQ) holds the power to create extreme wealth for early investors. One that the rich and elite are piling into, right now.

  • For example, the world’s biggest asset manager Blackrock has just acquired 24 million shares and Billionaire Jack Dorsey who founded Twitter is in for 48 million shares.
  • This stock is one of the few in its market to actually pull in profits, quarter by quarter, to the tune of nearly $1.3 billion in annual
  • It was also recently touted on CNBC as the decentralized “Bank of The Future.”

Naomi could be right with the World Economic Forum and the UN pushing for The Great Financial Reset.

I believe what we see unfolding here is leading up to the “end times” control the Antichrist has when he introduces the “mark of the Beast/666“. No one will be able to buy or sell without this microchip inserted into the hand or forehead.

We are quickly moving towards the prophesied last seven years before Jesus Christ returns to this earth first to rescue His sons and daughters before pouring out His wrath upon an unrepentant world. There are some 2000 Biblical prophecies concerning Jesus second coming so we are not to be taken by surprise. In fact, when Jesus answers the disciple’s question “Tell us, when will these things be, and what will be the sign of your coming and of the end of the age?” Matthew 24:3 He provides great detail of the events that will precede His return and in addition, he says “See, I have told you beforehand.” Matthew 24:25

COMING ECONOMIC CRASH

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Are we watching the governments and global billionaires take advantage of Covid 19 and the chaos it is causing to the economies of the world to introduce global control and eventually a one-world government. The World Economic Forum (WEF) is already talking about The Great (Financial) Reset.

“The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable, and more prosperous future” — Klaus Schwab, WEF

Are supply shortages, not enough workers, and hyper-inflation we see now going to cause the economic collapse seen in the 3rd Seal of Revelation? The black horse of Revelation 6.

“A quart of wheat for a denarius, and three quarts of barley for a denarius,” Revelation 6:6

“When he opened the third seal, I heard the third living creature say, “Come!” And I looked, and behold, a black horse! And its rider had a pair of scales in his hand. And I heard what seemed to be a voice in the midst of the four living creatures, saying, “A quart of wheat for a denarius (a day’s wages), and three quarts of barley for a denarius… ” Revelation 6:5-6

Are we headed toward that biblical event? What is causing these effects like the worker shortage and what can a Christian do about them right now to PREPARE for the Third Seal? Watch this episode of Last Days Breaking News with Nelson Walters to find out.

THE THIRD SEAL OF REVELATION INDICATES A WORLD FOOD SHORTAGE

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Are we watching the governments and global billionaires intentionally trying to crash the economy? Are supply shortages, not enough workers, and hyper-inflation we see now going to cause the economic collapse seen in the 3rd Seal of Revelation?

THIRD SEAL FAMINE AND SCARCITIES

A QUART OF WHEAT FOR A DAYS WAGES & THREE QUARTS OF BARLEY FOR A DAYS WAGES

Are we headed toward that biblical event? What is causing these effects like the worker shortage and what can a Christian do about them right now to PREPARE for the Third Seal? Watch this episode of Last Days Breaking News with Nelson Walters to find out.

“When he opened the third seal, I heard the third living creature say, “Come!” And I looked, and behold, a black horse! And its rider had a pair of scales in his hand. And I heard what seemed to be a voice in the midst of the four living creatures, saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius, and do not harm the oil and wine!” Revelation 6:5-6

HUGE PROPHESIED END TIMES SIGN

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Is this how capitalism dies? Through decrees from what once were the ivory towers of capitalism, no less?

The Fed is now up to $6 trillion of liquidity, or free money in the sense that it is taking over the role of large banks at 0% interest.

Go global and we’re approaching $20 trillion of central bank pledges and action.

None of the questions that tempered the start of QE are being raised. There is virtually no one talking about moral hazard. What does it mean for our society that government is pushing so far into what was — and may never be again — the private sector? No one will bother answering.

There is no one standing in the way of the largest transfer of wealth in history. The firewalls built into the system are being torn down, and the free markets are dying with barely a whimper.

Even Deutsche Bank, undoubtedly a major beneficiary, seems concerned about where this is going. George Saravelos, global head of Deutsche Bank’s foreign exchange research, just wrote in a report entitled “The end of the free market: impact on currencies and beyond” that:

“In a matter of weeks, policymakers have become a backstop for private-sector credit markets. At the extreme, central banks could become permanent command economy agents administering equity and credit prices, aggressively subduing financial shocks. It would be a bi-polar world of financial repression with high real economy volatility but very low financial volatility. A ‘zombie’ market‘.”

The Fed’s most recent announcement — $2.3 trillion in greatly expanded funding — goes as far as dipping into the junk bond market through buying up ETF shares.

A free market this is not. There is no version of capitalism that can divorce risk from profits. There is no version of this that forces society to shoulder the burden while a select few capture the profits.

Never before have we seen such centralised control. For the first time ever, can we see the world being set up for the prophesied Man of Sin (Antichrist) who speaks PEACE and PROSPERITY as long as you take his mark and give him control. Church do you realise where we are in Biblical history. When Jesus told us in the the Olivet Discourse, how it will end before His second coming, He specifically ended with, “SEE, I HAVE TOLD YOU BEFOREHAND” (Matthew 24:25). He told us beforehand so we would not be caught out and be taken in by this man of PEACE.

ECONOMIC COLLAPSE PROPHESIED AND INEVITABLE

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The following report from a respected Investment Research and Consulting company confirms the precarious state of the worlds economies. Governments with unprecedented debt are incapable of solving their countries mounting problems. Youth unemployment in many countries is at a level where societal collapse and even anarchy is possible.

A world that has largely turned away from God, and blindly accepted evolution and a history of billions of years for the cosmos, is oblivious to the truth revealed in God’s Word, about where we are in His timeline for the planet.

All of this is prophesied in God’s Word, Sadly, we are also told that much of the church largely compromises with the world and its values. However, as the world gets darker and lawlessness increases, God reveals to us that at the same time the harvest is ripe, all that is needed is workers to go out into the fields.

What is God calling you to do in these last days? Are you in a church that recognises the times and is taking seriously Jesus command to go into all the world with the Good News? If not then pray. Jesus made it possible for our Heavenly Father to send the Holy Spirit to be your counsellor, teacher and comforter. He will guide your steps if your submit to His sovereignty.

Sep. 21, 2019 – Baltimore, MD – Outsider Club and Angel Publishing Investment Research
Recent up-and-down drastic volatility is a signal the big move is nearing. Currencies in Venezuela and Turkey have collapsed. Germany is selling negative 30-year bonds. And while the dollar is strong for now… this is only the opening salvo in a total economic war that the U.S. is destined to lose…A war that will see China and Russia dumping U.S. debt… bypassing the U.S. dollar… and igniting a monetary hurricane that could usher in the total collapse of America’s fiat regime. It’ll be worse than 2008 — a financial 9/11.This nightmare scenario is imminent and inevitable. As we speak, a chain reaction is taking place in the markets.And when these events come to a head within the next few months, we’ll witness the final unravelling of these historically overpriced markets.The greenback will collapse…Gold will spike to between $3,000 and $5,000 per ounce… Specific mining stocks could climb to 4,237%…It could be the defining moment of the 21st century. We’ve recorded an urgent emergency briefing on the coming crisis.

Stories like this one will be commonplace. Thomas Cook declared bankruptcy last Monday. The firm runs hotels, resorts, airlines and cruises for 19 million people a year in 16 countries. It currently has 600,000 people abroad, forcing governments and insurance companies to co-ordinate a huge rescue operation.

Whitehall sources admitted that a rescue operation was likely to be complex and drawn out, with around 150,000 Britons on Thomas Cook holidays at about 60 destinations overseas. It could cost the taxpayer £600 million.

THE MARK OF THE BEAST IS NOT TOO FAR OFF

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The biggest asset bubble in history and booms always bust.

U.S Household Net Worth As A Percent of GDP - 11-07-19

In expectation of the next bust, there was this warning from the ‘central bank of central banks’…

‘Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth.’

How much interest rate ammo does the IMF think the average central banker should have in reserve?

‘Severe recessions have historically required 3–6 percentage points cut in policy rates.’

And as if we didn’t already know, the IMF tells us…

‘If another crisis happens, few countries would have that kind of room for monetary policy to respond.’

Without the three–six percentage point buffer, how do our central banker bandits get out of this pickle?

Back in February 2019, the IMF released a paper titled…

‘Cashing In: How to Make Negative Interest Rates Work’

The obvious problem with negative rates is that no one wants to be charged to deposit their funds with a bank…it goes against everything we’ve grown up with.

Better to take out the cash out and keep it under the mattress or in a safe-deposit box.

The banks are well aware that customers have this option…and have used this option.

This has been the experience in Europe. In their efforts to discourage customers from withdrawing cash, banks have been caught in a real bind.

The banks have elected to not pass on the negative rates to customer accounts…instead, they’re absorbing the costs. Not good for the bottom line. Hence, we can expect to see more Deutsche Bank scenarios; “European banking giant axes 18,000 jobs” BBC News,  10th July 2019.

The system has become so dependent on debt and central bank intervention that it’s incapable of functioning on its own.

The dire economic and social consequences of a collapsing system will force policy makers to act…do something, do anything.

And that something and anything, is most likely going to be deeply negative rates and the monetising of government deficits.

Modern Monetary Theory is nothing more than printing money to finance government deficits…allowing governments to go on an unlimited spend-a-thon.

Of course, we’ll be told this officially counterfeited money will be spent responsibly. The chaos we see unfolding in our time is exactly what God has told us in His Word will happen in the “end times”. Jesus said, “See, I have told you beforehand.” Matthew 24:25

Much of this post was taken from the article; “A Glimpse into the Future… It’s nor pretty” 10th July, 2019 by Vern Gowdie editor of The Rum Rebellion.