AMERICA IN CRISIS: 3.18.23 - FINANCIAL CRISIS AND MORE-----

The Federal Reserve Just Made An Emergency Decision Which Will Fundamentally Change Banking In America Forever- by Michael Snyder - http://endoftheamericandream.com/the-federal-reserve-just-made-an-emergency-decision-which-will-fundamentally-change-banking-in-america-forever/ Did you think that the Federal Reserve was just going to stand by and watch the U.S. banking system completely collapse? In response to the stunning failures of Silicon ValleyBank and Signature Bank, the Federal Reserve announced a rescue plan on Sunday evening that is going to radically change banking in America forever. All deposits at Silicon Valley Bank and Signature Bank will be fully guaranteed and will be available on Monday. Ofcourse the Federal Reserve can’t just make an exception for these two banks. If they are going to do this for them, that means that they are going to have to do it for everyone else too. So what this means is that from this point forward the Federal Reserveis essentially promising to guarantee every bank account in America. Considering the fact that more than 19 trillion dollars is deposited with U.S. banks, that is quite a promise to make. I want to show you that I am not exaggerating one bit. The following is the announcement about this new plan that was just posted on the official website of the Federal Reserve… To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutionsto help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy. The Federal Reserve is prepared to address any liquidity pressures that may arise. The additional funding will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savingsassociations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional sourceof liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress. With approval of the Treasury Secretary, the Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP.The Federal Reserve does not anticipate that it will be necessary to draw on these backstop funds. After receiving a recommendation from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, Treasury Secretary Yellen, after consultationwith the President, approved actions to enable the FDIC to complete its resolutions of Silicon Valley Bank and Signature Bank in a manner that fully protects all depositors, both insured and uninsured. These actions will reduce stress across the financialsystem, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy. The Board is carefully monitoring developments in financial markets. The capital and liquidity positions of the U.S. banking system are strong and the U.S. financial systemis resilient. Depository institutions may obtain liquidity against a wide range of collateral through the discount window, which remains open and available. In addition, the discount windowwill apply the same margins used for the securities eligible for the BTFP, further increasing lendable value at the window. The Board is closely monitoring conditions across the financial system and is prepared to use its full range of tools to support households and businesses, and will take additionalsteps as appropriate. Please don’t just skim those paragraphs. Take the time to read them in detail, because what the Fed just did literally changes everything. From now on, nobody will have to worry that their bank will fail, and the Fed has decided to completely end the war against inflation. If the technical language confuses you, here is Zero Hedge’s translation… Translation: the Fed’s hiking cycle is dead and buried, and here comes the next round of massive liquidity injections. It also means that the Fed, Treasury and FDIC have justexperienced the most devastating humiliation in recent history – just 4 days ago Powell was telling Congress he could hike 50bps and here we are now using taxpayer funds to bail out banks that have collapsed because they couldn’t even handle 4.75% and somehowthe Fed has no idea! That analysis is right on the money. I warned that our system could not handle higher interest rates, and higher rates were directly related to the collapse of Silicon Valley Bank. So there won’t be any more rate hikes. In fact, I wouldn’t be surprised at all if the Fed started cutting rates very soon. In addition, all of the fresh money that the Fed will be injecting into the financial system now will be highly inflationary. We are being told that the Fed’s plan won’t cost taxpayers a dime, but the truth is that inflation is a tax on all of us. So the financial community may be praising this “extraordinary intervention” by the Fed, but there will inevitably be a very high price to pay for spraying money around sorecklessly. But what other choice did the Fed have? As I have repeatedly warned my readers, our fundamentally flawed system simply cannot survive without artificial support. And as Bill Ackman has noted, if the Fed had just stood by and done nothing we would have been facing a nightmare scenario as early as next week… Over the past several days, we really did come to the brink of the abyss. But now the Federal Reserve has come charging to the rescue and so everything is okay, right? I wish that was actually true. As a result of the Fed’s reckless rate hiking strategy, U.S. banks are now sitting on 620 billion dollars of unrealized losses. That is “billion” with a “b”, and that is a ticking time bomb that is not going to go away any time soon. Meanwhile, the housing bubble is imploding, we are heading into the worst commercial real estate crisis in all of U.S. history, and now faith in the U.S. banking system hasbeen greatly shaken. This crisis is not even close to over. And every time there is a new eruption somewhere, the Fed will try to put the flames out with generous injections of fresh liquidity. Virtually everyone applauds when the Fed starts spraying money around, but by now all of us should realize that this story is not going to have a happy ending. ----------------------------------- Are You Vexed By Our Lawless And Self-Destructive Society? � By Hal Lindsey - https://harbingersdaily.com/are-you-vexed-by-our-lawless-and-self-destructiveness-society/ The Bible gives amazing promises of peace and joy to the followers of Jesus. The Christian life is a life of renewal and refreshment. To be redeemed in Christ is exhilaratingand at the same time peaceful. In John 14:27, the Lord said to His disciples, �Peace I leave with you; My peace I give to you; not as the world gives, do I give to you. Let not your heart be troubled, nor let it be fearful.� Worldly peace comes and goes accordingto our circumstances. But the peace Jesus gives is based on Himself, and He never changes. So, how can anyone who has been made righteous in Jesus, experience torment? 2 Peter 2:8 speaks of Lot and the people of Sodom. It says that living there, Lot �felt his righteoussoul tormented day after day with their lawless deeds.� The King James Version says the corruption in Sodom �vexed his righteous soul.� The Living Bible says Lot was �sick of the terrible wickedness he saw everywhere around him.� In our day, it�s easy to understand. We know what it is to be �sick of terrible wickedness� and �vexed� by lawless deeds. Such torment is not about self-righteousness or hate.It is about love. Sin brings pain, bondage, and death. And it vexes the righteous to see it happening. To a large extent, today�s societal institutions have stopped trying to restrain evil. Instead, those institutions now encourage the worship of wickedness. The damage beingdone is incalculable � especially to the little ones among us. That�s why caring creates torment. But remember this. None of us is righteous by nature. Romans 3:23 succinctly describes our condition. �For all have sinned and fall short of the glory of God.� Isaiah 64:6says, �Our righteous deeds are like a filthy garment.� But according to 2 Corinthians 5:21, He grants to us His own perfect righteousness. 2 Corinthians 5:17 says, �If any man is in Christ, he is a new creature.� Our righteousness comes entirely from Him,and He makes it available to anyone who asks Him. With that righteousness comes refreshment, peace, and unspeakable joy. But there is also torment. To see things from God�s perspective turns everyone into a loved one. Andwe hurt to see them on their paths of pain. Luke 19:41 says that as Jesus approached Jerusalem, He �saw the city and wept over it.� The context shows that His righteous soul was tormented by the pain He knew was headed their way because they rejected Him. You might feel torment when you watch the news and see the increasing brutality of our world. It�s easy to be vexed by the self-destructiveness encouraged by popular entertainment.The ongoing celebration of evil probably makes you feel sick. You�re in good company. The Lord Himself shares your grief. Vexation comes with caring. But don�t let it overwhelm you. Live in the peace and joy of the Lord. Remember Nehemiah 8:10 � �The joy of the Lord is your strength.� You will not overcome evil by allowing it to depress you. Romans 12:21 says, �Overcome evil with good.� And it is good to walk in �righteousness and peace and joy in the HolySpirit� (Romans 14:17). ------------------------------