We explore real-life reformation here in this informed, online community.
Could be so massively bankrupt, says Bill Bonner.
"We have a mountain of debt... nearly $100 trillion of it... every penny of which is counted as an “asset” on the creditors’ balance sheets. Probably only about half of it is ‘money good.’ The rest may go ‘poof’ in the credit cycle’s downturn.
The safest part of this pile is US Treasury bonds. And yet, in gold terms, we’ve seen that they lost 30% of their value in the last four years... and 75% since 1999.
And we have a GDP that is largely fraudulent... with as much as half of it directed, controlled or be-muddled by government, rendering it unfit...
It’s not just Treasury bonds that pretend to have value they don’t actually have. All across the fixed-return world, there are unrecognized losses and make-believe wealth.
Here’s the FDIC warning:
'Unrealized losses on available-for-sale and held-to-maturity securities increased by $39 billion to $517 billion in the first quarter. Higher unrealized losses on residential mortgage-backed securities, resulting from higher mortgage rates in the first quarter, drove the overall increase. This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in first quarter 2022. '
Banks were required to hold US Treasury bonds as ‘reserves.’ That, they were told, would make them more antifragile. But it did just the opposite. Treasury bonds proved to be a terrible form of ‘reserve.’ They went down, in nominal terms, by about 20% since 2020. In gold terms, they lost half again as much.
The banks also had plenty of private debt that went bad. They lent heavily to real estate developers and speculators, for example. But now, commercial real estate is not worth what it was a few years ago.
In addition to the loan losses, there are the losses on the collateral itself. Green Street reports that the ‘all-property commercial index’ is down more than 20% since 2021."
Ephesians 5:11-17
Do not participate in the unfruitful deeds of darkness, but instead even expose them; for it is disgraceful even to speak of the things which are done by them in secret. But all things become visible when they are exposed by the light, for everything that becomes visible is light. For this reason it says, "Awake, sleeper, And arise from the dead, And Christ will shine on you." Therefore be careful how you walk, not as unwise men but as wise,
making the most of your time, because the days are evil.
So then do not be foolish, but understand what the will of the Lord is.
Well, now there's concrete proof.
"The disclosure...that a Luciferian cult of baby eating bankers, CEOs, politicians and bureaucrats controls the planet. This is the real Black Swan event.
"One cannot have a meaningful discussion about the nature of power in modern civilization (post-industrial revolution) without accepting the cold hard reality that most of the key events in our recent history have been manipulated by a hidden consortium of elites. We also can’t have any legitimate debate about how to solve the problem without accepting the fact that “evil” is an undeniable constant.
"It’s the common denominator, the key to the equation.
"Evil is a tangible and autonomous entity that the wields influence over human society, often using people with inherent weaknesses of the soul as vessels for achieving its machinations.
"Yes, that sounds rather Biblical, but I would argue that our religious ancestors might have had a much better grasp on the nature of evil than we do ...
It's made up of the Epstein Cartel in London and Washington, the Illiteracy Cartel in the school system, and the Debauchery Cartel in Hollywood.
"In today’s world considering the U.S., logic, reason, and common sense have been abandoned, and replaced with ignorance, dependency, and indifference; all to such a degree as to have made impotent the intellect of Americans.
"Critical thinking and acting on that solid premise, have completely disappeared in favor of desertion of reality, truth, and moral behavior. As Mason Carter said: “A critical thinker is not someone who knows all the answers, but someone who keeps asking better questions.” Americans no longer ask questions, they no longer seek truth, but they expect to be entirely taken care of by governing forces.
"This is not just an attitude of the expectation of enslavement, but is one of a slave who has given up entirely, and now just waits for whatever consequences are forthcoming, hoping only to survive."
-- Gary Barnett
