Watchman Warning The Monday Stock Market and the Investor Space Are About to Come Undone, and the Intentional Destruction of the Financial World Around the Globe Will Come Crashing Down Within a Short Period of Time. Blackstone Defaults on $562 MM in CMBS as It Keeps Blocking Investor Withdrawals From A $71 BN REIT

SRH: (Matthew 24:22). The Apostle John states that the chaos will be so great that the leaders of the world will crawl into caves and cry out for the rocks of the mountains to fall upon them (Revelation 6:15-16).

We Are Watching Out Of Control Politicians, That Are Intentionally Destroying This Country and Trump Is One Of Them!

HNewsWire: Trump is among those warning that the nation is on the verge of a massive economic calamity. He Is One Of Them, "Globalist"

“ Trump, With what is happening to our economy, and with the proposals being made on the LARGEST AND DUMBEST TAX INCREASE IN THE HISTORY OF THE USA, TIMES FIVE, JOE BIDEN WILL GO DOWN AS THE HERBERT HOOVER OF THE MODRRN [sic] AGE,” Trump exclaimed on Truth Social. “WE WILL HAVE A GREAT DEPRESSION FAR BIGGER AND MORE POWERFUL THAN THAT OF 1929. AS PROOF, THE BANKS ARE ALREADY STARTING TO COLLAPSE!.

SRH: Reaction to Trump’s Terrible Remark: The Poisonous Financial Situation We Are in Today Has Been Building for the Last 25 Years, and Trump Has Helped Drive the Corruption Inside the Banking Industry as He Built His Empire on Lies and Dishonesty.

Government Overreach Is Eviscerating Your GOD Given Freedoms,We Are Being Forced Into The Beast System

It is important to recognize the value of individual freedom, many people have sacrificed their lives to protect this valuable commodity. With this in mind, I write, it is the right and duty of every citizen to question the actions of their government. Are governments across the world currently looking out for the interest of their citizens or using the current crisis as a way to grab power at the expense of the people. If this is the goal of those in power, here in America, they gain in several ways by maximizing this crisis to exercise their authority.

  • First, they train the masses to follow instructions and do their bidding.
  • Second, they decimate the economy destroying small businesses and making us more dependent on their larger brethren which the government can control.
  • Third but not least they increase the number of people relying on government handouts.

 

This also allows the government to ramp up surveillance for the “greater good.” The power of fear and propaganda are powerful tools in the manipulation of general consensus. This is one of the main flaws in a democracy, it allows a simple majority to force their desires upon a minority. This is why our forefathers set checks and balances in the Constitution, however, even these do not guarantee freedom will remain. Today, the burden of risk and skin in the game is not equally shared by all. Over time our financial system and institutions have been corrupted by crony capitalism and a political system that panders to the masses by exchanging favors for baubles.

It could be argued that those in power don’t have to take away our freedom by force if we are willing to surrender it or trade it for a few paid weeks off work. Nor do they have to be fair in how they go about this if they simply get a majority of the populace to go along with their plan. Call it what you want, a stay at home order or a general quarantine, but it all comes down to the same thing government control of your movement.

 

Dr. Anthony Fauci has been promoting the Trump administration to declare federally-imposed ‘stay at home’ order across all 50 states. This is the kind of lock-down that has been instituted in many countries. This has resulted in attacks from the mainstream media directed at the states which have not capitulated to fear. It appears these states have governors that don’t see the need to take drastic steps that will decimate their local economies. This means they are willing to leave social distancing to the ‘good judgments’ of counties, towns, and individuals.

If you wonder just how far enforcement of this lock-down has gone, in some areas under lock-down, some law enforcement agencies are using high-tech equipment such as drones to spy on people. When city services apps are getting turned into glorified versions of DHS’s tools it is a huge sign we know we have a problem. In some areas, they are now urging neighbors to turn into government snitches by asking residents to report violations of the “stay home” order. The government’s role during this situation should be to inform us and provide us with the facts we need to know, this is an area where they have failed. Instead, they have flip-flopped spreading confusion and fear.

 

In Los Angeles, the Mayor has even announced that the city would reward those willing to turn in violators. Associated Press reports in a recent article that some people are happy, even enthusiastic to comply and report on their neighbors. Sadly, when law enforcement encourages Americans to turn against each other we all lose. We become a nation controlled by fear and suspicion. Over time this sort of action is bound to add to distrust between neighbors and damage social cohesion. It could be argued that stay at home is just “newspeak” or another word for curfew. In his writings, George Orwell warned of the slippery slope towards totalitarianism and if citizens to not push back it is our future.

Former British Supreme Court Justice Jonathan Sumption recently discussed the police and government’s response to the coronavirus on BBC Radio 4’s World at One program. In response to what is happening, Sumption said;

What I say to them is I am not a scientist but it is the right and duty of every citizen to look and see what the scientists have said and to analyze it for themselves and to draw common sense conclusions. We are all perfectly capable of doing that and there’s no particular reason why the scientific nature of the problem should mean we have to resign our liberty into the hands of scientists. We all have critical faculties and it’s rather important, in a moment of national panic, that we should maintain them.

In part, this piece was inspired by the push back and voices of so many that feel that covid-19 is something to be faced with common sense and resolve. The fight against this vicious enemy has been described as a war and the fact is that in both war and life, people die. Considering the constant price humanity is forced to pay for freedom each passing year, the idea of surrendering our way of life rather than pressing on, it should be clear not everyone agrees with the idea society should just shut down and go into hiding. Consider this a reminder, if you don’t fight for your freedoms do not be surprised to find them gone.

Footnote; For more about the strong trend of governments across the world moving towards totalitarianism click the link below. This is a mode of government, which exercises an extremely high degree of control over public and private life. The link takes you to part one of a five-part series which details how and where governments are expanding control. 

The Global War on Germs will put the Global War on Terror to shame…

Their “cure” for the coronavirus will be far deadlier than the disease. The quarantines and lock-downs will bring the world to a standstill—that’s the point…

– “The Last Gasp,” Straight Line Logic, March 24, 2020

Here is a predictive strategy that will be guaranteed, improve your prognostication batting average. Whenever you make a prediction about a government, predict the worst outcome you can think of.

The only surprise will be that you’re probably not pessimistic enough.

Back in 1913, if you had predicted the brand new Federal Reserve would steadily debase the currency and exacerbate rather than dampen the business cycle, you were dead right. You would have gotten more points if you predicted its creation was the first step towards abandoning the gold standard and that it would eventually finance government deficits.

Similarly, back in that unlucky year if you predicted the new Constitutional amendment allowing the government to levy an income tax would lead to massive confiscation of incomes and fund gargantuan welfare and warfare states—the blob—you hit it on the screws.

Later, if you predicted that the New Deal wouldn’t reverse the economic contraction that the government had already transformed from a garden variety financial crash and recession into a Great Depression, you were right again. More points for those who foresaw both the abandonment of any effective Constitutional constraints on the federal government and the fiscal consequence of welfare state collectivism—a spiraling and uncontrollable national debt.

Most of the time politicians’ predictions are wrong, but Eisenhower’s warning about the military-industrial-complex, now expandable to the military-industrial-intelligence-academic-media-complex, was spot on. Those who said that Vietnam would set the precedent for endless wars that only enriched and empowered the complex while plunging the US further into debt—they were right, too. If, when Nixon terminated dollar-gold convertibility in 1971, you predicted inflation the likes of which hadn’t been seen since the Civil War and put your money where your mouth was by purchasing gold or its derivatives, you did just fine.

Fast forward to the aftermath of September 11, 2001: if you said that when the US went into the Middle East it would never get out, that “emergency” measures like TSA screening and the Patriot Act would never be rescinded and clearly advanced a police state agenda and that the George W. Bush administration’s new standard of fiscal and monetary recklessness would soon be surpassed, you were right again.

Fast forward to now. If you predict that governments’ response to the coronavirus outbreak will reveal not so hidden agendas of globalist power and domination (Why do you think they keep saying, “The world will never go back to the way it was”?), terminate the last vestiges of freedom, destroy the economy and financial markets, kill far more people than the virus itself, and set precedents for everything from enforced confinement to martial law to mandatory vaccinations to electronic money to compelled microchipped identification and surveillance whenever a group of experts makes scary projections about lethal microbes—which from now on will be almost always—you’re well on your way to being proved right on all counts.

If you’re going to get in the prediction game and your predictions reflect an expectation of the worst from governments, it’s best to realize what you’re up against. Every time you make a prediction you will be disparaged, mocked, or ignored, particularly by legions of government worshipers, regardless of how many of your previous predictions have been borne out. If you’re proven right, not one person who disparaged or mocked you will acknowledge you were right and apologize, nor will anyone ask you for an opinion or prediction in the future. In fact, you’ll be shunned.

An affliction that strikes 3.3 million in one week and 6.6 million the next puts coronavirus growth rates, even in the hardest-hit countries, to shame. Those are the last two weeks’ US jobless claims, just shy of 10 million, clocking in with a week-to-week increase of 200 percent. According to the April 2 US coronavirus and jobless claims statistics, there were 40 people newly unemployed in just two weeks for each confirmed coronavirus case and 1645 newly unemployed for each coronavirus death (dividing 10 million, rounded up, by the April 2 figures for confirmed cases and deaths from worldometers.info), and on current relative growth rates, both numbers will increase.

Humanity must produce to survive. Stop people from producing and eventually they die. Virtually all jobs are essential to the people who hold them. Although it’s seldom acknowledged, particularly by politicians and bureaucrats playing with other people’s money and lives, life involves choices, some of which have benefits and all of which have costs. How many government workers have lost their jobs? Does anybody in their right mind believe all government jobs are essential?

If among each group of 1645 newly unemployed workers there is on average more than one death—from the psychological and physical stress of imposed idleness, depletion of savings, inability to pay bills or afford groceries and other essentials, including medical care, media idiocy, general insanity, and mounting debt—then the coronavirus outbreak “cure” is worse than the disease. Keep in mind that for at least the next month or two unemployment will climb at a faster rate than coronavirus cases or deaths, and the longer lockdowns persist, the more widespread financial distress will become.

An estimated additional 10,000 people killed themselves during the 2008-2009 financial crisis. Those are the easiest deaths to count. How many heart attacks, cancers, hypertension, and other stress-related illnesses were exacerbated by that crisis, shortening lifespans? We’ll never know.

The coronavirus death count includes many victims with one or more co-morbidities—a combination of diseases kills them but in many cases, they weren’t long for this world. The most you can say is that the coronavirus may have shortened their lifespans. At the very least, the same medical community compiling statistics on the coronavirus and clamoring for lockdowns should be looking at changes in trend rates in suicides and deaths from stress-related illness to try to estimate the effects of skyrocketing unemployment, crashing economies, plunging stock markets, crushing debt loads, and mounting bankruptcies.

There are other killers lurking out there: crime and mass unrest. The statistics for the former and the probability of the latter will only increase with the duration of lockdowns. Police are already reporting an uptick in crime. The death toll from a week of widespread urban rioting could easily surpass that of the entire coronavirus outbreak. There’s no mystery why President Trump has called up a million military reservists, and no assurance they will be able to prevent sporadic riots from deteriorating into total chaos and pandemonium. No mystery, either, why sales of firearms and ammo have jumped. By the way, rioters and looters don’t always social distance, so they may spread the coronavirus.

Finally, there’s the most significant cost of all: the police state is here; whatever was left of our precious liberty is gone. As carte blanche for the open-ended suppression of what remains of our rights, the Global War on Germs (GWOG) far surpasses the Global War on Terror (GWOT). Like the GWOT, the GWOG will be forever, since you can never vanquish either terror or germs. However, the GWOG opens up new avenues of repression that go far beyond GWOTists’ wildest fantasies. The GWOG takes away not just people’s liberty, but their livelihoods, their means of survival. There’s a reason why jobs are called livelihoods: they allow people to live. Consider the alternative. The GWOGists embrace it.

There will always be germs out thereof better than average virulence that will pose a threat of widespread sickness and death. They seem to crop up once every two years or so. If a natural germ can’t be found, there are thousands of unsung Dr. Frankencrobes toiling in bioweapons labs around the world who can manufacture one (the current coronavirus may have been manufactured). Find some group of medical experts, add a Bill Gates or a George Soros, and presto! you have well-publicized pandemic projections of global disaster and death. Lock everybody up! Better yet, per the precautionary principle, lock everybody up before any such deadly germ has manifested itself, so when it does, everyone will be safe.

Anyone who thinks that “emergency” measures will be rescinded or will not serve as future precedents is referred to as Draconian Emergency Measures Enacted By Governments Throughout History That Have Been Rescinded and Not Served as Precedents. It’s available for free on Amazon and takes only four seconds to read; the title is longer than the book.

 

Perhaps the most distressing aspect of this whole ordeal is that Americans have surrendered to panic and propaganda without a shot. Molon labe and They’ll take my gun when they pry it from my cold, lifeless fingers patriots—bumper-sticker freedom fighters—are cowering in place, living off their 3, 6, 12, 24, or 60 months of provisions, lest they encounter a germ. Neighbors are reporting on neighbors who leave their houses, take a walk, clear their throats, or other heretofore legal activities (they would still be legal if the Constitution had any remaining relevance). Apps have been developed to monitor and report people’s locations, coughs, sneezes, sniffles, and runny noses. Can one that monitors and reports social distances be far behind? If only one life is saved…

With a few noteworthy exceptions (lewrockwell.com takes the gold medal), the alternative media has been a disappointment. Bloggers who would normally cast darkly skeptical doubts if the government announced the sun will rise tomorrow have accepted official statistics, projections, propaganda, and draconian measures without a peep of skepticism or doubt. Prepper sites have perpetuated and profited from the panic, selling face masks, sanitizers, and reusable toilet paper. More alternative media sites are glomming on to what’s happening to civil liberties and the dark designs behind it, but their warnings are too little, too late.

Surrendered without a shot—they’ve got us by what’s left of our balls. The men and women who risked probabilities of death far higher than some small fraction of one percent and paid the ultimate price to defend our freedom and our lives are spinning in their hallowed graves.

Source: ZeroHedge HNewsWire

 

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HNewsWire:

Now that soaring rates have burst the commercial real estate bubble, the carnage is coming fast and furious.

This morning Bloomberg reports that Wall Street's largest commercial real estate landlord, private equity giant Blackstone, has defaulted on a €531 million ($562 million) bond backed by a portfolio of offices and stores owned by Sponda Oy, a Finnish landlord it acquired in 2018.

While the PE firm had sought an extension from holders of the securitized notes to allow time to dispose of assets and repay the debt, the surge in market volatility triggered by the war in Ukraine and rising interest rates interrupted the sales process and bondholders voted against a further extension, the Bloomberg sources said.

And since the security has now matured and has not been repaid, loan servicer Mount Street has determined that an event of default has occurred, according to a statement Thursday. The loan will now be transferred to a special servicer.

“This debt relates to a small portion of the Sponda portfolio,” a Blackstone representative said in an emailed statement. “We are disappointed that the servicer has not advanced our proposal, which reflects our best efforts and we believe would deliver the best outcome for note holders. We continue to have full confidence in the core Sponda portfolio and its management team, whose priority remains delivering high-quality retail and office assets.”

And while Blackstone is understandably trying to minimize the news, the PE firm clearly continues to scramble to stabilize the bleeding in its massive real estate portfolio and on Wednesday it said that it had blocked investors from cashing out their investments at its $71 billion real estate income trust (BREIT), as the private equity firm continues to grapple with a flurry of redemption requests.

BREIT said it fulfilled redemption requests of $1.4 billion in February, which represents only 35% of the approximately $3.9 billion in total withdrawal requests for the month, the firm said in a letter to investors as Reuters first reported.

The silver lining is that the total BREIT redemption requests in February were 26% lower than the approximately $5.3 billion reached in January, the firm said. However, should rates keep rising it is likely that the March redemption flood will be higher again.

"While gross redemptions for February are consistent with prior management commentary, the overarching data continue to align with our view around decelerating retail-oriented product organic growth broadly," Credit Suisse analysts, led by Bill Katz, said in a note to investors. As we previously reported, Blackstone has been exercising its right to block investors' withdrawals since November last year after requests hit a preset 5% net asset value of BREIT, which is marketed to mostly high net worth individuals.

Credit Suisse downgraded its rating of Blackstone's stock to underperform in November partly because of the rise in investor redemptions from BREIT. Blackstone's shares were down 0.25% at $90.57 per share in afternoon trading on Wednesday. The stock lost 43% of its value last year.

Watchman Warning: The Beginning of a Crash? Massive increase in filings from large companies compared to 2010 levels…

The US has transitioned from more than a decade of quantitative easing to more recent quantitative tightening. QT will remain until the Federal Reserve is finished squashing inflation. However, such a massive paradigm shift in markets might result in a period of deleveraging among highly levered firms that were able to flourish during the QE era.

New Bloomberg data shows large companies (at least $50 million of liabilities) filing for bankruptcy topped 20 this month, the highest in any other January dating back to 2010. Back then, 25 filings were seen as the economy was still reeling from the aftermath of the GFC.

 

There is no doubt after more than a decade of the Fed unleashing trillions of dollars of credit into the economy via QE, a generation of zombie companies is in the midst of a painful deleveraging event as credit is harder to come by in QT.

QE has been one of the “biggest distortions came from keeping companies alive on life support that otherwise would have disappeared into insolvency,” research firm Porter & Co. wrote on our contributor blog (read: “The Hidden Debt Bubble You Didn’t See Coming”).

This month’s surge in large firm bankruptcies is set to continue, according to Damian Schaible, co-chair of the restructuring group at law firm Davis Polk & Wardwell, who spoke with Bloomberg. He said:

“I think we’re going to see continued increased filings in 2023.

“From a broader market perspective, it’s pretty simple: We have a market filled with companies with historically high leverage — thanks to the easy money policies of the past decade — and a not-insignificant portion of that debt is floating rate.”

This year, some of the most notable bankruptcy filings have been festive retailer Party City Holdco Inc, mattress maker Serta Simmons Bedding LLC, and cryptocurrency lender Genesis Global Holdco.

There could be turmoil in the lowest-rated — CCC-rated credit space and hidden risks if a bankruptcy wave takes off from here. As shown below, distress debt is piling up.

 

Even though some investors don’t believe a hard landing is in the cards this year. The latest surge in large firm bankruptcies is an ominous sign of trouble ahead.

HNewsWire: What conclusions can be drawn from the above biblical examples? The guidelines for a Christian’s civil disobedience can be summed as follows:

• Christians should resist a government that commands or compels evil and should work nonviolently within the laws of the land to change a government that permits evil.
• Civil disobedience is permitted when the government’s laws or commands are in direct violation of God’s laws and commands.
• If a Christian disobeys an evil government, unless he can flee from the government, he should accept that government’s punishment for his actions.
• Christians are certainly permitted to work to install new government leaders within the laws that have been established.

Lastly, Christians are commanded to pray for their leaders and for God to intervene in His time to change any ungodly path that they are pursuing: “First of all, then, I urge that entreaties and prayers, petitions and thanksgivings, be made on behalf of all men, for kings and all who are in authority, so that we may lead a tranquil and quiet life in all godliness and dignity” (1 Timothy 2:1–2).

https://hnewswire.com/how-divisiveness-will-destroy-americabible-prophecy/

As I watch what is currently happening in this country and around the world, it is evident to me they nailed it. The volcanic eruption in 2008 unleashed a torrent of molten lava, which continues to flow along channels of distress, but is currently threatening to burst free of these channels and wreak worldwide financial and physical devastation. A multitude of possibilities described by Strauss and Howe below are already happening or will happen in the next few years.

“Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault line of an earthquake. All you know in advance is something about the molten ingredients of the climax, which could include the following:

  • Economic distress, with public debt in default, entitlement trust funds in bankruptcy, mounting poverty and unemployment, trade wars, collapsing financial markets, and hyperinflation (or deflation)
  • Social distress, with violence fueled by class, race, nativism, or religion and abetted by armed gangs, underground militias, and mercenaries hired by walled communities
  • Political distress, with institutional collapse, open tax revolts, one-party hegemony, major constitutional change, secessionism, authoritarianism, and altered national borders
  • Military distress, with the war against terrorists or foreign regimes equipped with weapons of mass destruction” 

The Fourth Turning – Strauss & Howe

The economic, social, political, and military distress pervading the world should be terrifying the average American, but most are blissfully ignorant of the coming anguish when the best laid plans of central bankers and corrupt politicians blow up once again and plunge the world into a global depression. The immense mountain of debt has been built on the backs of humanity by evil sociopaths rigging the system to benefit themselves and their billionaire benefactors.

The United States, along with virtually every “developed” country, is effectively bankrupt. The $200 trillion of unfunded Federal liabilities can never be paid. States have accumulated over $6 trillion of unfunded pension liabilities and billions more in healthcare-related liabilities. With an economy supposedly booming, according to Trump, we are running deficits exceeding $1 trillion. When the imminent recession unfolds over the coming year, deficits will skyrocket towards $2 trillion.

This expansion of debt is unsustainable, but the Fed is trapped and pushing on a string. Ten years of easy money heroin injections into the arms of Wall Street bankers and mega-corporation executives have left the .1% enriched, while people living in the real world have been left cash poor and dependent upon their credit cards and seven-year auto loans to maintain their fake lifestyles.

Despite the bullshit propaganda unemployment rate propagated by government apparatchiks and obediently parroted by the corporate media, people in the real world know their wages haven’t kept up with the real inflation rate for the last twenty years. When 40% of the working-age population doesn’t work and the propagandists report a 3.7% unemployment rate, it takes a supreme level of willful ignorance to swallow that big lie. The feeling of cognitive dissonance among the populace is creating a nation of angry, disillusioned, frustrated victims.

Through the end of 2022 and the holiday shopping season, US retail sales experienced a sharp decrease, demonstrating that the COVID stimulus's effects have long since passed. As 2022 came to a conclusion, manufacturing fell, contradicting Biden's claims that he was reviving domestic industry. An additional indication that the economy is stagnating is the sharp decline in US imports of goods and the general decline in shipping.

Retail sales have occasionally grown, as we observed in January, but credit card debt has also increased, indicating that customers are now turning to credit to pay for inflation-related price increases. Only pricing and credit usage are rising in the retail sector. According to surveys, 33% of Americans believe it will take them at least  2 years to pay off their credit card debts, and 50% of Americans say they need their credit cards just to cover their normal essential living expenses. 45% of people said they had to take on more debt during the pandemic.

The tech sector is starting mass layoffs right now and may be a canary in the coal mine for what is about to happen to the rest of the jobs market this year. And inflation remains high enough that 56% of Americans say they cannot keep up with the cost of living, while 77% are worried about their future financial prospects.

Source: zerohedge

China Experiences Second Major Bank Run This Month, The U.S. Banking Sector Has

By StevieRay Hansen | July 15, 2020 |

Some Major Problems, What We are Witnessing Is the New World Order Plan Being Implemented, and They Must Bust the Dollar to Bring on the Digital Currency… China has launched a pilot programme in the northern province of Hebei requiring the public to apply for approval if they plan to make large cash deposits or withdrawals at commercial banks.The regulation comes after a series of bank runs in the past year at debt-laden small lenders and as an unprecedented pandemic-related economic contraction starts to take a toll.From July 1, residents in the province will need to provide information about the source of deposits or the purpose of withdrawals for transactions over 100,000 yuan (US$14,162) for individuals, and 500,000 yuan for corporations, the state-backed China Securities Journal reported last week.Applicants will have to give one day’s notice to the bank to…

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A Bank Run in the Us Can Be Avoided, Although If the Ongoing – and Quite Poetic –

By StevieRay Hansen | March 16, 2020 |

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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The Trouble Has Just Begun, Second Bank Run In Two Weeks In China

By StevieRay Hansen | November 27, 2019 |

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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SRH:

A bank run occurs when a large number of people withdraw their money from a bank because they believe the bank may cease to function in the near future.

Paul, too, described the Tribulation as birth pains. First Thessalonians 5:3 says, “While people are saying, ‘Peace and safety,’ destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape.” This event follows the Rapture and the removal of the Church, in 4:13-18. In 5:9, Paul reemphasizes the absence of the Church from this time period by saying, “For God has not destined us for wrath, but for obtaining salvation through our Lord Jesus Christ.” The wrath spoken of here is God’s judgment on the unbelieving world and His discipline of Israel during the Tribulation.

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Source: ZeroHedge  HNewsWire

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