Matthew 5:10 “Blessed are those who are persecuted for righteousness’ sake, for theirs is the kingdom of heaven.
Important Takeaways:
- Bank of America Freezes Ministry Account of Lance Wallnau in Latest Case of Banks Canceling Christians
- In an Instagram post on Friday, Wallnau wrote: “You won’t believe what just happened to me! My own bank account got frozen by Bank of America (BofA) for no reason other than being a conservative podcaster. They were investigating conservative bloggers and Christian ministries for ‘money laundering’ while ignoring the real threats in America.”
- He said what he went through was “outrageous and illegal,” and now he’s aiming to “expose the corruption in our banking system.”
- “This is the kind of dumbness that worries me,” Wallnau said. “I got my accounts frozen. I had to go through a complete marketing audit explaining every dollar of our ministry’s budget.”
- “Get this, it’s not even legal,” he explained. “I did it just because I felt like freeing up the money and documenting how screwed up the Bank of America is.”
- “Don’t think that this is going to go quietly away,” Wallnau warned. “We’re actually going to have a political, populous, conservative, and Christian unified pushback on the destruction of our liberties and freedoms.”
- Sources at Bank of America tell CBN News they are looking into Wallnau’s alleged claims about his account.
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Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.
Important Takeaways:
- Iran, China and the Panama Canal: Is the US Being Encircled?
- Iran and China are on the move again. Last Friday, to the apparent surprise of the Biden Administration, China asserted its influence in the Middle East by entering the vacuum created by US President Joe Biden, and brokering a deal between Iran and its threatened neighbor, Saudi Arabia, which Biden had vowed to make a “pariah,” and “end the sale of material” to it. The Saudis heard.
- Iran, meanwhile, has not been shy about its mission to “export the revolution” to the Western hemisphere. Most recently, in February, two Iranian warships docked in Brazil, under its recently elected socialist President Luis Inácio Lula da Silva. From there, the ships will reportedly proceed to the Panama Canal, already controlled at both ends by Iran’s newish ally — the Chinese Communist Party (CCP).
- Da Silva has refused to join the US-led sanctions regime against Tehran, and has stated repeatedly that Iran has the right to develop peaceful nuclear programs
- According to Bloomberg:
- “China has bought up so much copper, pork, and soy—and constructed so many roads, trains, power grids, and bridges—that it’s surpassed the U.S. as South America’s largest trade partner and is now the single biggest trader with Brazil, Chile, and Peru.”
- Seven South American countries – Venezuela, Ecuador, Peru, Bolivia, Chile, Argentina and Uruguay — are already part of the China’s Belt and Road Initiative
- Add to this that China is also apparently eager to increase its economic and military presence in the Caribbean.
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Luke 21:25 ““And there will be signs in sun and moon and stars, and on the earth distress of nations in perplexity because of the roaring of the sea and the waves
Important Takeaways:
- Nor’easter storm knocks out power for over 135K, cancels flights
- A Nor’easter brought rain and snow to states across the region and New England, knocking out power for tens of thousands of businesses and residents and hampering travel efforts.
- According to power outage tracker PowerOutage.US, more than 71,000 customers are without power in New York, nearly 36,000 were impacted in Massachusetts, over 16,000 were powerless in New Hampshire and roughly 13,500 were affected in Vermont.
- The Massachusetts Bay Transportation Authority suspended all ferry service on Tuesday.
- Flights were canceled Tuesday at Massachusetts’ Boston Logan International Airport, New York’s LaGuardia Airport and New Jersey’s Newark Liberty International Airport.
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Acts 2:17 “And in the last days it shall be, God declares, that I will pour out my Spirit on all flesh, and your sons and your daughters shall prophesy, and your young men shall see visions, and your old men shall dream dreams;
Important Takeaways:
- ‘Since Asbury, the Hunger Has Grown Even More’: Louisiana Revival Heads Into 19th Week
- Sources tell CBN News, it started on Oct. 16 at the Old Zion Baptist Church located northwest of Hammond on Highway 442.
- Brian Lester, Harrison’s assistant, told CBN News in an email there are signs of the revival continuing.
- “It’s only gaining momentum,” he said.
- Lester reported that over the last 19 weeks, more than 1,300 have been saved and countless other lives have been changed. He also credits the Asbury Awakening for making even more people want to experience a local revival.
- “Since Asbury, the hunger has grown even more in this area to see revival. We’ve never seen anything like it,” he told CBN News. “We believe what happened at Asbury and is happening in LA needs to spread over the entire nation.”
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Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.
Important Takeaways:
- China Deploys ‘Invincible’ Hypersonic Missile To Strike US Bases In Pacific; Overtakes Russia In Missile Tech – DIA
- On March 10, the Defense Intelligence Agency’s chief scientist for science and technology told US lawmakers that China and Russia had tested hypersonic weapons successfully and had probably deployed operational systems. However, China currently outpaces Russia regarding supporting infrastructure and system numbers.
- Paul Freisthler, the chief scientist for DIA’s analysis division, told a House Armed Services subcommittee that China had made significant advancements in developing conventional and nuclear-armed hypersonic missile technology and capabilities through intense, concentrated investment, development, testing, and deployment.
- In addition, China has been testing an intercontinental ballistic missile since 2014 that carries a hypersonic glide warhead. He added that the weapon demonstrated its ability to traverse the world in July 2021.
- Freisthler mentioned that China’s Academy of Aerodynamics allegedly uses at least three hypersonic wind tunnels with operating speeds of Mach 8, 10, and 12.
- Hypersonic missiles, capable of moving at speeds greater than five times the speed of sound, strike their targets in a blinding, destructive flash, leaving little time for a defense
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Revelations 18:9-11 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore
Important Takeaways:
- Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors
- To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.
- The Federal Reserve is prepared to address any liquidity pressures that may arise.
- The additional funding will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.
- With approval of the Treasury Secretary, the Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP. The Federal Reserve does not anticipate that it will be necessary to draw on these backstop funds.
- After receiving a recommendation from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, Treasury Secretary Yellen, after consultation with the President, approved actions to enable the FDIC to complete its resolutions of Silicon Valley Bank and Signature Bank in a manner that fully protects all depositors, both insured and uninsured. These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy.
- The Board is carefully monitoring developments in financial markets. The capital and liquidity positions of the U.S. banking system are strong and the U.S. financial system is resilient.
- Depository institutions may obtain liquidity against a wide range of collateral through the discount window, which remains open and available. In addition, the discount window will apply the same margins used for the securities eligible for the BTFP, further increasing lendable value at the window.
- The Board is closely monitoring conditions across the financial system and is prepared to use its full range of tools to support households and businesses, and will take additional steps as appropriate.
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Revelations 18:9-11 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore:
Important Takeaways:
- Barney Frank Sat on Board for Collapsed Signature Bank
- Former Rep. Barney Frank (D-MA), author of the 2010 Dodd-Frank bill, sat on the board for Signature Bank which collapsed in the wake of the Silicon Valley Bank (SVB) implosion.
- Silicon Valley Bank collapsed last Friday after depositors rushed to withdraw money in fear of its impending fall. It was the 16th largest bank in the country.
- Signature Bank became “popular among crypto companies” and provided “deposit services for its clients’ digital assets but did not make loans collateralized by them” according to Fox Business.
- In 2009, Breitbart News editor-at-large Joel Pollak confronted Frank, who was then the chairman of the House Financial Services Committee, asking if he shared any responsibility for the global financial meltdown of 2008.
- Speaking with Greta Van Susteren of Fox News after the exchange, Pollak said Frank had been putting too much blame on Republicans.
- “This guy is someone in a position of responsibility and authority. This guy is the one who’s making the regulations. He’s responsible, essentially, for recreating and redesigning our financial system, and he’s not taking any responsibility for what happened at all,” he added.
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Revelations 18:11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore:
Important Takeaways:
- SVB Fallout Spreads Around World From London to Singapore
- Startup founders in California’s Bay Area are panicking about access to money and paying employees. Fears of contagion have reached Canada, India and China. In the UK, SVB’s unit is set to be declared insolvent, has already ceased trading and is no longer taking new customers. On Saturday, the leaders of roughly 180 tech companies sent a letter calling on UK Chancellor Jeremy Hunt to intervene.
- “The loss of deposits has the potential to cripple the sector and set the ecosystem back 20 years,” they said in the letter seen by Bloomberg. “Many businesses will be sent into involuntary liquidation overnight.”
- This is just the beginning. SVB had branches in China, Denmark, Germany, India, Israel and Sweden, too. Founders are warning that the bank’s failure could wipe out startups around the world without government intervention. SVB’s joint venture in China, SPD Silicon Valley Bank Co., was seeking to calm local clients overnight by reminding them that operations have been independent and stable.
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Revelations 18:9-11 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore
Important Takeaways:
- Bank shares plummet up to 74% in pre-market trading despite Biden’s guarantee scheme for SVB (Silicon Valley Bank) and Signature Bank – amid fears of a banking rout mount when stock market opens at 9.30am
- First Republic Bank’s shares dropped as low as $21.50 from a high of $81.76 amid fears of a banking rout when Wall Street opens trading at 9.30am
- Biden spoke shortly before 9am in an attempt to shore up trust in the sector after the White House yesterday guaranteed it would make SVB customers ‘whole’ and that ‘no losses will be borne by the taxpayer.’
- PacWest Bancorp’s stock tumbled 41 percent
- Western Alliance Bancorp’s shares slid 33 percent
- Bank of America’s stock fell 4 percent.
- The dollar slid too as Wall Street heavyweights such as Goldman Sachs predicted the Fed would no longer lift interest rates next week, capping the biggest three-day rally for short-dated Treasuries since 1987.
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Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Shoplifting Climbs as In-Store Shopping Returns
- Retailers lock up goods, use facial recognition software to track repeat offenders
- Retailers say theft is rising as more people shop in stores, cutting into profits that were already under pressure.
- “We definitely had an uptick since last year,” Macy’s Chief Executive Jeff Gennette told analysts earlier this month. “It’s an industrywide trend.”
- “Theft is growing at a faster rate than sales,” said Dean Rosenblum, a senior U.S. retail analyst at Bernstein Research.
- A jump in organized retail crime in certain areas of the country is also a factor. “These are crime levels we haven’t seen before,” Mr. Gennette said. 50% increase from 2015, it said.
- Retailers are combating the problem by adding security guards and cameras to stores, locking up goods and making use of facial recognition software to help identify repeat offenders.
- A month ago, New York City police asked shoppers to take off their face masks before entering stores, a measure intended to help them better identify criminals. The plea came after four unidentified men stole roughly $1.1 million of goods from a Queens jewelry store.
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