Passing The Buck

 Passing The Buck - by Bill Perkins - https://compass.org/passing-the-buck/ And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead, and heprovides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name. Rev. 13:16 We recently wrote about the “Missing Link”(1)—that only a small percentage of Holy-Spirit-enlightened Believers fully understand that all that’s going on today was accuratelyprophesied 2000 to 2600 years ago. We KNOW we’re living in the last of the last days before Rapture. And even though Rapture’s a “sign-less prophetic event,” signs are given in scripture for Believers to knowwhen we’re getting close. There was a moment in Jesus’ earthly ministry when He chastised those He was teaching for not paying attention to all the fulfilled prophetic signs going on around them. And He was also saying to the crowds, “When you see a cloud rising in the west, immediately you say, ‘A shower is coming,’ and so it turns out. And when you see a south windblowing, you say, ‘It will be a hot day,’ and it turns out that way. You hypocrites! You know how to analyze the appearance of the earth and the sky, but why do you not analyze this present time?” Luke 12:54-56 So we are crazy if we don’t Biblically analyze what’s going on around us to make smart decisions in every aspect of our lives. The Truth About Banks About a year ago we wrote about what major events to keep an eye on (3), one of them being moving toward the Mark of the Beast—the whole world’s money controlled by Satanicforces. And boy are we moving along at a fast clip! Just like they are doing everything possible to get rid of small businesses, preferring to control a few major suppliers, they’redoing the same with banking. We have already been told there are only eight banks that will not be allowed to fail.(2) •Bank of America •Bank of New York Mellon •Citigroup •Goldman Sachs •JP Morgan •Morgan Stanley •State Street •Wells Fargo What this is telling us is that before the Mark of the Beast, they plan to consolidate all banking down to eight banks. That would make it far easier for the government totake over all banking. This will happen, it’s just a matter of time. We just don’t know how much of this we’ll see prior to our electrifying heavenly departure. Is your bank on that list? Askingfor a friend. But what just happened in Switzerland with the takeover of 167-year-old Credit Suisse Bank should make everyone pay attention. They saved the bank by selling it to UBS, thelargest bank in Switzerland. But the devil is in the details. UBS bought it for $3.2 billion. The Swiss government kicked in a line of credit of $7 billion. But the amazing thing they did to make it work was a “bail-in” of $17 billionin bonds. A “bail-out” is when someone puts money in to cover the losses. But in this case, no one was willing, or maybe able, to bail out the bank. So they used a “bail-in” by defaultingon $13 billion of bondholders’ money. There is very little coverage of this inconvenient fact in the news. Several billion dollars of those Credit Suisse bonds were purchased by the governments of Saudi and Qatar who had a lot of excess cash from oil sales in the last couple ofyears. Their investment just vanished. So much for putting money safely away in a Swiss bank account. You could make the case the Globalists were penalizing those Middle Eastern nations for lining up with Russia and China’s new monetary system. If they needed cash, that wouldhave seemed to be the most logical sinister option. But a lot of those bondholders were just like you and me. Individuals who had some or all their retirement funds invested at 3.2% interest. Then they were told their moneywas simply gone. That’s amazing. But it’s not without precedent. In 2012, in what now looks like a practice run for the future, Cyprus banks also did a bail-in to save all Cypriot banks.(4) Up to $100,000 was supposed to be insured. But to make the banks solvent, they decided to “tax” every insured amount 6.5%. So if you had $100,000 in the bank, your balancechanged overnight to $93,500. For those who had over $100,000 in a Cypriot bank account, the tax was higher—10%. So if you had $500,000 in the bank, it changed to $450,000 overnight. Roughly some 70% ofall Cypriot uninsured deposits were from foreigners. This was done by decree and there was no appeal. Just like there is no appeal for the bondholders of Credit Suisse. And do note the “tax” was 100%. When you put money in yourbank it’s owned and controlled by the bank. Just saying. So here we are in the US now being told that there are 186 more small-to-medium banks at risk of closing.(6) There’s no way these troubled banks can be bailed out…the FDICused up all its reserve cash on the last three bailouts. So as the banking crisis continues to play out, there is no telling what they will do to save the banking system. All we know for sure is that we’re well on our way to theMark of the Beast. Plan accordingly. The Bible gives some practical advice. Our expression “Don’t put all your eggs in one basket” comes from this Bible verse: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth. Eccl. 11:2 Especially since Biden is itching to launch his trackable, traceable central bank digital currency (CBDC).(7) Rumor has it he’s looking at July to implement the U.S. versionof a digital currency. Actually, the USA is late to the game. There are roughly 100 countries that already have digital currencies(8), including China, Ukraine, Sweden, India and European Union. Most mirrored the successful launch of Nigerian eNaira launched in October, 2021. The eNaira exists via an app alongside Nigeria’s regular Naira currency. Using the Nigerian eNaira app you can store, send and receive eNaira, assuming the other person or business has the app. However, over 55% of the population of Nigeria doesn’thave a bank account and depends on cash. But Nigeria pushed on implementing measures that made it hard to use cash. For instance, they removed the legal status of high denomination bills. You don’t think our illustriousgovernment would do such a thing to us, would they? Hmmmm….well, in 1969 they already got rid of the $10,000, $5000, $1000 and $500 notes to “fight the drug war.” This is interesting in light of the fact our dollar has lost88% of its value since 1969. The scary thing about digital currencies is not only that every transaction can be taxed, but that any transaction can be stopped. So whoever controls your eCurrency controlsyou because they see everything you do. If the government doesn’t like you for some reason…say they don’t like the fact you’re unva((inated, or because you gave to the wrong political party... they can easily reduceor freeze your digits in a gnat's eyelash. The e-dollar probably won’t happen overnight. All other countries kept their paper currency in place and brought their e-currency alongside. But we know that’s like the proverbialfrog in a slow boil of water. And there is some push-back from conservatives in Congress. So that may slow it down a little. Again, we know where it ends after the Rapture, we just don't know when theRapture will happen. But do realize these trackable, traceable digits cropping up worldwide means we’re a nano-second away from a centralized world e-currency, Biblically referred to as the MOTBthat is instituted in the last half of the Tribulation. Regardless, Satan wants us fearful. God wants us confident that as we see the Tribulation close, His rescue is closer. For God has not destined us for wrath [in the Tribulation]…therefore encourage and build up one another. 1Th. 5:9a, 11a I hope you're encouraged by what all is going on...I am!!! Use us, Lord! CQLJ! BP 1) https://compass.org/the-missing-link/ 2) https://money.com/is-your-bank-too-big-to-fail-probably-check-out-this-handy-list/ 3) https://compass.org/ramping-up-to-the-rapture/ 4) https://www.theatlantic.com/business/archive/2013/03/everything-you-need-to-know-about-the-cyprus-bank-disaster/274096/ 5) https://www.prophecynewswatch.com/article.cfm?recent_news_id=5968 6) http://theeconomiccollapseblog.com/186-more-banks-are-at-risk-of-failure-and-that-could-push-us-into-the-next-great-depression/ 7) https://www.cnn.com/2022/03/11/tech/us-digital-dollar-cbdc/index.html 8) https://www.euronews.com/next/2022/03/09/cbdcs-these-are-the-countries-are-using-launching-or-piloting-their-own-digital-currencies -------------------------------- The World's Largest CBDC Trial: A Preview Of The Elite's Cashless Vision For You � Nick Giambruno - https://www.prophecynewswatch.com/article.cfm?recent_news_id=5975 The eNaira is Africa's first central bank digital currency (CBDC). Central bankers, academics, politicians, and an assortment of elites from over 100 countries hoping to launch their own CBDCs have closely followed the eNaira. They used Nigeria--Africa's largest country by population and size of its economy--as a trial balloon to test their nefarious plans to eliminate cash in North America, Europe,and beyond. Are you concerned about CBDCs? Then you should be paying attention to what is happening in Nigeria. That's because there's an excellent chance your government will reach for the same playbook when they decide to impose CBDCs in your area--which could be soon. CBDCs enable all sorts of horrible, totalitarian things. They allow governments to track and control every penny you earn, save, and spend. They are a powerful tool for politicians to confiscate and redistribute wealth as they seefit. CBDCs will also enable devious social engineering by allowing governments to punish and reward people in ways they previously couldn't. CBDCs are, without a doubt, an instrument of enslavement. They represent a quantum leap backward in human freedom. Unfortunately, they're coming soon... Governments will probably mandate CBDCs as the "solution" when the next real or contrived crisis hits--which is likely not far off. That's why you must pay attention to what is happening in Nigeria. That way, you can know what to expect and take preventative action. Here are the top five insights from the eNaira. Insight #1: Don't Take the Bait... Reject CBDC Incentives In Nigeria, the government implemented discounts and other incentives to increase the adoption of eNaira. In North America and Europe, expect the government to require CBDCs to receive welfare payments, a potential universal basic income, so-called "inflation relief checks," orwhatever the next cockamamie scheme is. Think of these incentives like the cheese in a mousetrap. Insight #2: Simultaneous Moves To Eliminate Cash To help boost eNaira adoption, the Nigerian government announced a plan to remove the legal tender status of various high denomination bills, rendering them worthless. According to the World Bank, over 55% of the adult population in Nigeria does not have a bank account and is dependent on physical cash. The Nigerian government must have known phasing out cash would be a disaster for a majority of the population, but they plowed ahead anyways--so much for democracy. When your government imposes a CBDC, expect simultaneous measures to force people out of cash, regardless of the costs. Those measures could come in many flavors, but I would bet they would first look to phase out large denomination bills by removing their legal tender status. We're already seeing this happen... For example, the EU has already phased out the 500 euro note. The $100 bill is the largest in circulation in the US, but that wasn't always the case. At one point, the US had $500, $1,000, $5,000, and even $10,000 bills. The government eliminated these large bills in 1969 under the pretext of fighting the War on (Some) Drugs. The $100 bill has been the largest ever since. But it has far less purchasing power than it did in 1969. Decades of rampant money printing have debased the dollar. Today,a $100 note buys less than $12 in 1969. Even though the Federal Reserve has devalued the dollar by over 88% since 1969, it still refuses to issue notes larger than $100. With CBDCs on the horizon, I think the US government will not only never issue another bill higher than $100 but will probably look to phase out the $100 bill under variouspretexts. Insight #3: Bank Restrictions Most people think of the money they deposit into the bank as a personal asset they own. But that's not true. Once you deposit money at the bank, it's no longer your property. Instead, it's the bank's, and they can pretty much do whatever they want with it. What you really own is the bank's promise to pay you back. It's an unsecured liability, which makes you technically and legally a creditor of the bank. And since the banking system is intertwined with the government everywhere, it's only prudent to expect governments to place more restrictions on bank accounts as CBDCs debut. This is exactly what happened in Nigeria. Cash withdrawal limits and debit card transaction restrictions were imposed, among other measures. In addition, capital controls made it challenging to send money out of thecountry. I wouldn't be surprised to see the forced conversion of bank deposits into the eNaira--at an unfavorable rate. Here's the bottom line. Expect all sorts of restrictions--and possible confiscations--to be imposed on bank accounts when a CBDC is released. Insight #4: Rising Inflation Amid the eNaira rollout, Nigeria is experiencing some of the highest inflation levels in its history. This is not surprising. CBDCs make it even easier for the government to debase the currency. So, it's reasonable to expect more inflation when CBDCs come to town. Insight #5: Social Unrest In another predictable development, frustrated Nigerians took to the streets over the government's actions to restrict cash and bank accounts. There was a violent scrambleto exchange old notes before the government deemed them worthless. Riots broke out in several locations. There's an excellent chance the destructive restrictions imposed alongside CBDCs could create social unrest anywhere. Conclusion To summarize, here are the top five insights from Nigeria's CBDC experience. Insight #1: Don't Take the Bait... Reject CBDC Incentives Insight #2: Simultaneous Moves To Eliminate Cash Insight #3: Bank Restrictions Insight #4: Rising Inflation Insight #5: Social Unrest As CBDCs come to your neighborhood, you now know what to expect. Governments will probably mandate CBDCs as the "solution" when the next real or contrived crisis hits - which is likely not far off. There's an excellent chance more inflation and financial chaos is coming soon. Are you ready for it? --------------------- Are They Actually Trying To Crash The Economy On Purpose? - byMichael Snyder - http://theeconomiccollapseblog.com/are-they-actually-trying-to-crash-the-economy-on-purpose/ They actually did it. The Federal Reserve just raised interest rates by another 25 basis points right in the middle of a major banking crisis. I honestly do not understandwhat Fed officials are thinking. They had already blown a 620 billion dollar black hole in the balance sheets of U.S. banks by raising rates so aggressively, and that resulted in the second and third largest bank failures in U.S. history earlier this month. Apparentlythey are not yet satisfied with the carnage that they have caused, and so they have decided to make things even worse. What we are witnessing is either extreme incompetence of epic proportions, or they are trying to crash the economy on purpose. I am sittinghere trying to think of a third alternative, but so far I am coming up blank. Fed officials can see exactly what their reckless rate hikes are doing to the system, but they are pressing forward anyway. Wednesday�s rate hike was �the ninth consecutiverate increase�� The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter of a point, forging ahead with its fight against stubborn inflation despite a spate of bankfailures and a growing crisis within the financial sector. The unanimous decision puts the key benchmark federal funds rate at a range of 4.75% to 5%, the highest since 2007, from near zero just one year ago. It marks the ninth consecutiverate increase aimed at combating high inflation. The fact that it was a �unanimous decision� should greatly alarm all of us. Isn�t there a single voice of reason left at the Fed? The last time the Fed raised rates like this was just before the financial crisis of 2008. And we all remember what that did to our banking system. But the Fed insists that this time is different. In fact, we were just told that our banking system �is sound and resilient�� �The U.S. banking system is sound and resilient,� the Fed said. �Recent developments are likely to result in tighter credit conditions for households and businesses and toweigh on economic activity, hiring, and inflation. The extent of these effects is uncertain. The Committee remains highly attentive to inflation risks.� Of course banks don�t tighten the flow of credit when things are good. They tighten the flow of credit when they get into trouble. And it appears that another major U.S. bank is now exhibiting signs of distress� Shares of regional bank PacWest Bancorp dropped Wednesday after the company disclosed it had shed more than $6 billion in deposits during the recent squeeze on midsized banks,though PacWest said it did not plan to raise more capital. The bank said in a press release Wednesday that it had $27.1 billion in deposits as of March 20, which is down from $33.9 billion at the end of December and from $33.2 billionon March 9. The change appears to have largely come from venture banking deposits, which accounted for a third of PacWest�s deposits at the end of December and now stand at just 24%. There are more than 4,000 banks in the United States today, and hundreds of them could end up failing before this crisis is over. That would mean fewer mortgages for potential homeowners. That would also mean fewer auto loans, credit cards and debit cards. Unfortunately, the flow of credit is the lifeblood of our economy, and so we need our banks to be healthy. But if the Federal Reserve continues to go down this road, bank after bank will be absolutely crushed. Needless to say, the Fed�s insane policies are also bursting the housing bubble. At this point, U.S. home prices are down 12.3 percent just since last June� The national median existing-home price fell 0.2% in February from a year earlier to $363,000, the first year-over-year decline since February 2012, the National Associationof Realtors said Tuesday. Median prices are down 12.3% from their record $413,800 in June. U.S. homeowners have already lost trillions of dollars of home equity, and now the Fed has just poured more fuel on the fire. It is madness. It is literally insane for the Federal Reserve to aggressively hike rates as we are plunging into a major economic downturn, but that is precisely what they are doing. Look, if the long-term economic outlook was positive do you think that Walmart would be closing even more stores?� Walmart has announced plans to close stores in Hawaii and Minnesota, which join a handful of other stores closing in several states this year. The retail giant said the decision was made after a review process that determined the impacted stores failed to meet financial expectations, the company told USA TODAY. Ten stores in Florida, Hawaii, Illinois, Minnesota, New Mexico, Oregon, Washington D.C., and Wisconsin will close by the end of the year, along with two experimental �pickup� locations in Illinois and Arkansas. Walmart exists to make money. If there was a chance that those stores could be turned around, Walmart would not be permanently shutting them down. Sadly, other major retailers are also closing locations all over the nation. They can see what is coming. Higher interest rates are already crushing economic activity from coast to coast, and they are battening down the hatches. The �experts� at the Fed are assuring all of us that they know exactly what they are doing, but the truth is that they have lost control. As you read this article, wealthy individuals and large companies are pulling uninsured money out of small and mid-size banks all over America. Many of those small and mid-size banks will soon be in very serious jeopardy, and that will significantly reduce the flow of credit into our economy. Is this what they want? Do they really want to see the U.S. economy implode? Our leaders continue to make mind-numbingly bad decisions, and we are on a course that leads to national suicide. When will the American people finally wake up? Sadly, most Americans are still blindly trusting the �experts�, and the �experts� have us on a highway to extreme misery. -----------------------