Paul Rolland | Night Watchman Ministries | MbS as the One World Government Leader

‘Has The Economic Crash Begun?’  How the US banking crisis could lead to the collapse of the Western financial system. The growing number of institutional failures is a signal that the entire economic system is under pressure.

14 Mar, 2023 08:04 RT

The US banking industry is reeling from a string of bank failures, which kicked off last week and continue to rattle both domestic and global markets. Economists spell doom and gloom, despite efforts to stem the fallout. Here’s what you need to know.

1. What happened?
   California-based, crypto-focused bank Silvergate was the first to announce impending liquidation last Wednesday. Then came tech and start-up favorite Silicon Valley Bank (SVB), the implosion of which on Friday was the largest US bank collapse since the financial crisis of 2008. New York-based Signature Bank was the latest to be shut down over the weekend, as regulators feared for its liquidity.
2. Why did the banks fail?
   The banks saw their stocks plunge following massive deposit outflows amid fears of a recession, higher interest rates, and a slowdown in the market for initial public offerings. These factors made it harder for many businesses to raise additional cash and led companies to draw down their deposits at SVB and similar lenders.
3. What do interest rates have to do with it?
   In order to tame inflation, governments in the West began to raise interest rates. There is a historic correlation between higher interest rates and failures of overleveraged financial institutions. Overleveraging occurs when a business has borrowed too much money and is unable to pay interest or principal repayments, or maintain payments for its operating expenses. Interest rates in the US have been hiked on more than one occasion over the past year, and many analysts warn they are currently too high at 4.5%-4.75% to keep financial bubbles from bursting.
4. Who’s next?
   The stock meltdown resumed with a vengeance on Monday, with several bank stocks halted due to volatility. As of mid-day, PacWest Bancorp, Zions Bancorporation, First Republic Bank and Regions Financial were no longer trading until further notice.
5. How did the Fed react?
   The Federal Reserve, US Treasury and Federal Deposit Insurance Corporation (FDIC) on Sunday announced a new emergency program aiming to shore up confidence in the banking system and protect depositors of failing banks. They will allow both insured and uninsured depositors of the collapsed banks full access to their money through a special FDIC fund. The Fed also separately announced it would make additional funding available for banks in cases of emergency, through a new Bank Term Funding Program.
6. Will the measures stem the fallout of the collapses?
   Traders and analysts claim the panic is already ripe and could further push investors to move funds from small banks to what they view as the safety of large systemically important lenders. This would drain liquidity from the latter and may lead to their downfall.
7. Is there a risk of a broader upheaval?
   Governments in the US, Britain and Canada have been taking extraordinary steps to prevent a potential banking crisis. Germany’s finance watchdog stated the “distressed situation” of SVB’s German branch “does not pose a threat to financial stability.” According to some analysts, there’s no risk of contagion, since the authorities have stepped in.
8. What’s the worst-case scenario?
   Depositors could panic, resulting in national runs on banks. Since lenders don’t have the money they will be forced to close their doors and block depositors’ access to their accounts. As governments cannot protect all depositors, we could be facing a 1929-style Great Depression or worse – the collapse of the entire Western financial system.

But how can they call on him (Jesus Christ) to save them unless they believe in him (Jesus Christ)? And how can they believe in him (Jesus Christ) if they have never heard about him (Jesus Christ)? And how can they hear about him (Jesus Christ) unless someone tells them?” —Romans 10:14

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs of Salvation through Jesus Christ (the Lamb)

A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.