The Coming Credit Freeze
July 11, 2021 12:32 PM
December 12, 2019
In a dream vision I saw a giant credit card lifted up before my eyes to the left. Then to the right I saw the single word written in capital letters, “FREEZE.”
America, the nation faces an increasing credit market freeze in a credit-based economy. The regular practice of interbank lending of unsecured loans has already frozen up, requiring the Federal Reserve to step in and pump billions of dollars each night into the interbank market.
If the banks do not trust each other, and they are “in the know”, then why should American depositors trust them either? The Federal Reserve’s nightly infusion of billions of dollars cannot go on forever and has serious long-term effects.
Under the recent “bail-in” laws of The Dodd-Frank Act, depositors are “unsecured creditors” and a portion of the funds in depositors’ bank accounts—at the moment possibly every dollar over the FDIC-insured limit of $250,000—is legally able to be confiscated by a bank that faces insolvency. In a national crisis, the regulations can change quickly, and that limit can be lowered and “taxes” and “fees” can be taken from accounts. In a recent example of a “bail-in” from 2013, the Cypriot government approved what constituted “legal theft”: depositors in Cyprus banks whose accounts were greater than 100,000 euros—the secured limit—had any funds over that limit confiscated.
America, you have been warned. Though America is undergoing judgement, God loves His faithful people and would spare their suffering.
He who trusts in his riches will fall, but the righteous shall flourish as the green leaf.
1 Timothy 6:17-19
Instruct those who are rich in this present world not to be conceited or to fix their hope on the uncertainty of riches, but on God, who richly supplies us with all things to enjoy. Instruct them to do good, to be rich in good works, to be generous and ready to share, storing up for themselves the treasure of a good foundation for the future, so that they may take hold of that which is life indeed.
Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. Look! The wages you failed to pay the workers who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty. You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter.You have condemned and murdered the innocent one, who was not opposing you.