Matthew 10:28 “And do not fear those who kill the body but cannot kill the soul. But rather fear Him who is able to destroy both soul and body in hell.” -Jesus
See also Luke 12:5, Revelation 20:14, 15, 21:8 (Lake of Fire)
Pope Francis denies the physical existence of Hell.
“Hell is not a place. If one goes to attend the Last Judgment, and sees the faces of those who go to Hell, one gets scared. If you read Dante, you get scared. But these are media representations.”
“Hell is a state, there are people who live in Hell continuously.” -Pope Francis
With these comments, along with others, the Vatican went into spin mode.
“All official, final texts of the Holy Father are found on the Vatican website,” and since they were never published by the Holy See Press Office they “should not be considered official texts.” -Holy See Press Office
Ezekiel 38: Sons of Magog and Rosh, modern day Russia. For more details on ancient Magog, click on the link below.
Tension is on the rise with Russia attempting to spray a U.S. drone with jet fuel over the Black Sea in international waters. The Russian pilot got a little too close for comfort and appears to graze the drone.
The International Criminal Court has issued a warrant for the arrest of Russian President Vladimir Putin as a war criminal for illegally exporting Ukrainian children.
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Revelation 9:16 And the number of mounted troops was two hundred million; I heard their number.
Tension increases in the Pacific. The United States and the United Kingdom have agreed to sell nuclear submarines to Australia.
The United States has sold 220 Tomahawk cruise missiles to Australia. Japan may be interested in buying cruise missiles as well.
https://www.cnn.com/2023/03/16/australia/australia-tomahawk-missiles-aukus-intl-hnk/index.html
China’s President Xi is headed to Moscow early next week. The focus is peace between Russia and Ukraine. Some think China is on the verge of a weapon’s deal with the Russians.
https://www.bbc.com/news/world-europe-64986486
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Leviticus 19:36 You shall have honest scales, honest weights, an honest ephah, and an honest hin: I am the LORD your God, who brought you out of the land of Egypt.
God wants honesty when it comes to economic matters.
The last couple of weeks in financial markets and global economics has been rocky. In the last two business weeks 5 banks have crashed. The United States has witnessed two of its largest bank failures in history.
Moody’s Investor Service has downgraded the entire United States banking system to negative.
“We have changed to negative from stable our outlook on the US banking system to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY.” -Moody’s
The banks in the United States includes: Silvergate Bank, Silicon Valley Bank, Signature Bank, and First Republic Bank. The mess has made its way across the Atlantic to Europe. Switzerland’s Credit Suisse required a bailout from the Swiss government.
The US Department of Treasury decided to insure all depositors in banks that expose a “systemic risk exception”, even those above the insured threshold of $250,000. The two banks who meet this “exception” include Silicon Valley Bank and Signature Bank. All depositors were “made whole”.
https://home.treasury.gov/news/press-releases/jy1337
This “exception” appears to be on a case by case basis as decided by the boards of the FDIC, the Federal Reserve, President Biden, Secretary of the Treasury Janet L. Yellen.
During hearings with the Senate, Oklahoma Senator James Lankford (R) pressed Secretary Yellen. This exchange was extraordinary.
“Banks only get the treatment if the failure to protected uninsured depositors would create systemic risk.” -Secretary of the Treasury Janet L. Yellen
PLEASE WATCH!
If a bank does not meet the threshold of “exception” and one has deposits over the FDIC insured amount of $250,000 in said bank, tough! No bailout for you!
Plan Accordingly!!!
Money is flying out of smaller banks and being deposited into Tier 1 Wall Street banks. These Tier 1 banks include JP Morgan, Bank of America, Wells Fargo, and Citigroup. And the rich get richer.
Will Federal Reserve Board Chair Jerome Powell raise interest rates next week?
The Debt Limit deadline looms some time around April 2023. The United States has wracked up $31.4 trillion in debt (31,400,000,000,000). Secretary Yellen has already warned Congress that if the Debt Limit is not increased, it would be crushing to the banking system.
Buckle up! This is going to get rough!
Is all of this dishonesty in the banking industry reaching a tipping point? God says judgment is ultimately coming.
Micah 6:11-13 Can I excuse dishonest scales or bags of false weights? For the wealthy of the city are full of violence, and its residents speak lies; their tongues are deceitful in their mouths. Therefore I am striking you severely, to ruin you because of your sins. -The LORD God
