Watchman Update: The Entire System Is Corrupt No God,No Peace, God Knows That Evil Is Not Combated With Love and Understanding
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First Amendment… You will find more infographics at Statista The poll comes one week after it was revealed by the Foundation for Individual Rights in Education (FIRE) that at least 6.4 million students at nearly 500 campuses in the U.S. have experienced their freedom of speech being restricted. FIRE discovered this through analyzing the written policies of the schools and coding them with a grade of red, yellow or green. Nearly a quarter of schools received a red rating, meaning speech was most restricted at these schools. The finding was worrying for Laura Beltz, the lead author of the study. “Colleges should serve as centers of intellectual debate and inquiry, but if you have policies telling you can’t protest unless you submit a request two weeks in advance, or you can’t use words that other people find offensive, that ends up being impossible,”
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Real Economy Slowly Dies… Main Street is the real economy that exists far from Wall Street. It can be seen in the large areas of America where most of us live. After twelve long years of near or zero interest rates, massive government deficits, and watching tons of money and stimulus being poured into the economy we remain mired in slow growth. On top of this, we now are seeing covid-19 monkey hammering many sectors of the economy into submission. Small businesses have taken the brunt of this assault. The demise of millions of small businesses underlines the bleak picture we face, this means unpaid rents and more empty storefronts as Main Street withers on the vine. Until now much of the damage has been masked by a massive government giveaway. Unfortunately, the damage all this has wrought will become apparent over
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Tumbles as Revenues Plunge, Nim Hits Record Low, Warns on Payment Deferrals, Wells Fargo Has Been in Numerous Corruption Scandal, and Who’s Going to Pay the Price, the Working Man and Woman, Get Out of That Bank Why You Can… If there is one constant during earnings season, it is that no matter what the other banks do, Wells Fargo will always shit the bed, and this time was no different, with the stock sliding after reporting that Q3 earnings missed again as its Net Interest Margin dropped to a fresh all time low, while issuing an ominous warning that customer payment deferrals in the wake of the pandemic may delay the recognition of net charge-offs and delinquencies. Wells reported Q3 EPS of just $0.42, down more than 50% from the 0.92 a year ago, and missing expectations of $0.45
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toilet paper run is any indication, US depositors will soon shift their attention to that other “paper”…what An American Bank Run Would Look Like, Once a bank run gets going, even a healthy bank can have a hard time stopping it because just giving everyone their money right then and there usually isn’t an option. Bank run (bank panic) A series of unexpected cash withdrawals caused by a sudden decline in depositor confidence or fear that the bank will be closed by the charteringagency, i.e. many depositors withdraw cash almost simultaneously. Since the cash reserve a bank keeps on hand is only a small fraction of its deposits, a large number of withdrawals in a short period of time can deplete available cash and force the bank to close and possibly go out of business. Technically the title of this post is wrong: the truth is that nobody could possibly know or predict what a bank run would look like in detail suffice to say that it would have terminal and devastating results on the global economy. One needs only remember what happened when the Reserve Fund broke the buck and the $3 billion money market industry was at risk of unwinding (for those who do not, Paul Kanjorski does a good summary here). What we
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Coming to America Soon, When Dealing with a Collapsing Ponzi Scheme, Only Those Who Pull Their Money First Stand to Recover Anything ….FDIC Failed Bank List USA 2019… three weeks ago we reported that China’s Henan Yichuan Rural Commercial Bank, just outside the central Chinese city of Luoyang, was the latest small-to-medium Chinese bank to suffer a vicious bank run as long lines of depositors filled out its branches demanding their money, amid a rumor that the bank was going under. The bank was at least the fourth to be on the verge of collapse after recent prior nationalizations of Baoshang Bank, Bank of Jinzhou, and most recently, China’s,s Heng Feng Bank. Now yet another Chinese bank has found itself scrambling to prevent a collapse: Yingkou Coastal Bank was forced to stack bundles of yuan notes high behind the counters of
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Pestilence incorporates any and all forms of public and mass destruction and often accompanies famine (Ezekiel 7:15) or war (Jeremiah 21:9). Jesus forewarned of pestilence when He described the end times (Luke 21:11). PESTILENCE IS CONTAGIOUS, VIRULENT, AND DEVASTATING, The torrential rain of Biblical proportions in the Midwest ” pestilence in history have been a punishment for sin, Midwestern bankers are tightening the purse strings on farm credit lines amid some of the toughest financial times for farmers … Once upon a time so-called “preppers” — people who believe they should be prepared for any and all possible scenarios including the great apocalypse — were deemed ‘crazies,’ though mostly by city folks who believe, falsely, that grocery stores magically have endless supplies of food. The fact is grocery stores don’t have much fresh food stock at all, and limited supplies of long-term
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Banks are Denying Loans to Many of These Ranchers and Farmers, Meanwhile, money is flowing like wine on Wall Street thanks to the Federal Reserve…. Banks are running out of time to regain public trust What do you do when you have lost all hope that things will ever turn around? It may still feel like “the economy is booming” for those at the top end of the economic food chain in big coastal cities such as New York and San Francisco, but for millions of hard-working Americans in the middle of the country, talk of a “coming recession” is absolutely ludicrous because it already feels like a severe economic depression is happening right now. In America’s heartland, bankruptcies are surging, debt burdens are becoming overwhelming, and suicide rates are spiking to unprecedented levels. We have not seen economic despair this extreme since the
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