Paul Rolland | Night Watchman Ministries | Who is the First Rider or White Horseman of the Apocalypse?
The Global Banking System Is Truly In Uncharted Territory, And They Are Making Up The Rules As They Go Along
March 20, 2023 10:44 pm by IWB Michael Snyder
Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people just want to make sure that their money is safe. But there are very few places in our financial system that are truly “safe” at this point. The cryptocurrency industry has already experienced an absolutely disastrous crash, collapsing bond prices have blown a 620 billion dollar black hole in bank balance sheets, residential real estate prices have started to plummet, and now the largest commercial real estate crisis in the entire history of the United States is looming. The good news is that stock prices are holding steady for now, but that can only last for so long. Just like we witnessed in 2008, a major banking crisis will inevitably hit the stock market really hard.
I wish that it wasn’t true, but without the banks we don’t have an economy.
And right now we are “in the midst of a nationwide banking crisis not seen since The Great Recession”…
Americans are in the midst of a nationwide banking crisis not seen since The Great Recession, leading many to wonder if the country’s current woes are as dire as they were back in 2008.
The frightening saga has transpired over the course of just two weeks, and has spurred the demise of now four major banks – Silvergate, Silicon Valley Bank, Signature, and, most recently, major global lender Credit Suisse.
But even though our leaders have had 15 years to figure things out since the last financial crisis, their response to this new crisis has been a complete flop so far.
Despite already being “rescued”, shares of First Republic fell another 47 percent on Monday…
First Republic saw its shares plummet about 47% during trading on Monday, leading losses among regional banks. The stock – which hovered around $115 per share on March 8 – was trading around $12 per share on Monday, the lowest level in a decade and down about 87% from just one month ago.
This wasn’t supposed to happen.
When the biggest banks in America poured 30 billion dollars into the troubled institution that was supposed to be the end of it…
The prolonged slump came amid fears First Republic may need to raise more funds despite an unprecedented $30 billion rescue deal announced last week by some of the nation’s biggest banks.
As part of the deal, JPMorgan Chase, Citigroup, Bank of America and Wells Fargo will each contribute $5 billion; Goldman Sachs and Morgan Stanley will deposit about $2.5 billion each, according to a news release from the banks. Truist, PNC, U.S. Bancorp, State Street and Bank of New York Mellon will kick in about $1 billion apiece.
But that obviously didn’t work, and so now JPMorgan Chase and the other big banks are working on a new “solution”…
The Wall Street Journal reported earlier that JPMorgan and its CEO, Jamie Dimon, were working with others in the industry on a solution for the bank, whose shares are down 87% this month.
The sad truth is that they don’t know how to handle what we are facing, and so they are just making things up as they go along.
Of course the same thing is happening over in Europe.
Shares of Credit Suisse are down 67 percent over the past month, and in recent days a purchase of the bank by UBS was hastily arranged.
Unfortunately for those that were holding “additional tier-one bonds”, the value of those securities “will be written to zero as part of the deal”…
One section of Credit Suisse’s bondholders is set to be wiped out following the struggling bank’s takeover by UBS, causing them to see investments worth 16 billion Swiss francs ($17 billion) become worthless.
The Swiss regulator FINMA announced Sunday that the so-called additional tier-one bonds, which are widely regarded as relatively risky investments, will be written to zero as part of the deal.
This isn’t what those bondholders were anticipating.
Normally, shareholders are subordinate to bondholders, but in this case shareholders will get paid while AT1 bondholders literally get nothing…
The move has angered Credit Suisse AT1 bondholders as their investments have seemingly been lost, while shareholders will receive payouts as part of the takeover. Usually, equity investments would be classed as secondary to AT1 bonds.
Therefore, the decision “can be interpreted as an effective subordination of AT1 bondholders to shareholders,” Goldman Sachs’ credit strategists said in a research note published Sunday.
They just changed the rules of the game on the fly, and as a result the entire market for AT1 bonds is crashing like a house of cards…
Not surprisingly, this morning the entire universe of riskiest bonds of European lenders – those in the AT1 tier – plunged after UBS agreed to buy the bank in a historic, government-enforced deal aimed at containing a crisis of confidence that had started to spread across global financial markets. It was the biggest loss yet for Europe’s AT1 market, which was created after the financial crisis to ensure losses would be borne by investors not taxpayers.
The financial world is supposed to operate based on a very predictable set of rules.
But if authorities are just going to make things up whenever a new crisis erupts, that is only going to create even more fear.
As I discussed yesterday, one recent report determined that there are 186 more banks in the United States that are “at risk of failure”.
So if the failure of a couple of banks has already caused so much drama, can you imagine what conditions will be like if dozens more start going belly up?
I would encourage everyone to do whatever you need to do to get prepared for the chaos that is coming, and that includes putting your money in places that are relatively safe.
Unfortunately, the list of safe places to put your money is getting narrower with each passing day.
Cryptocurrencies have already crashed, corporate bonds are clearly a danger, government bonds have lost value, real estate is a huge gamble, and anyone that has more than $250,000 in a single bank in this environment is not being wise at all.
We really are in uncharted territory, and things are only going to get crazier from here.
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.
