<![CDATA[PLIM, Inc. Wholistic Ministry, Metaphysical Herbalist, Health, Wealth, Gold, Silver, Current Events, Trends, Spiritual Reality - 6-03_04-23_PLIM Blog_PLIM Notes_Is Raising the Debt Ceiling the True Fix or Another Delusion?]]>Mon, 19 May 2025 05:38:32 -0700Weebly<![CDATA[6-03_04-23_PLIM Blog_PLIM Notes_Is Raising the Debt Ceiling the True Fix or Another Delusion?]]>Fri, 02 Jun 2023 11:58:13 GMThttp://plim2.org/6-03_04-23_plim-blog_plim-notes_is-raising-the-debt-ceiling-the-true-fix-or-another-delusion/6-03-23_plim-blog PLIM Spiritual Class Notes, Sunday, June 4, 2023 Posted to www.plim2.org Dr. Lee Warren, BA, DD Edited by Dr. Penny Warren, MA, DD Topic: Is Raising the Debt Ceiling the True Fix or Another Delusion?
Scripture Lesson: Deuteronomy 15:6
Deuteronomy 15:6 “6 For Yahweh Elohim (the Lord thy God) blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee.”
Congress raised debt ceiling President Biden signed the bill raising debt ceiling US checking account low, need tosell Trillion $ T-Bills Pride Month
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Introduction
Did you know this month of June is Pride Month and many American corporations have endorsed this month with their products? Quoting from a Wall Street Journal article, it reveals the agenda “Pride Month in recent years has become a way for a wide range of marketers to signal tolerance. But the Bud Light and Target incidents have energized critics who say corporate Pride support politicizes commerce and prematurely exposes children to topics of sexuality and gender.
Now the scriptures in the Bible don’t reveal how Sodom and Gomorrah developed homosexuality that consumed the two cities (Genesis 13:13; 19:1-29).
However, the result was the destruction of the two cities by Yahweh. With the technology today, you can see how they can push it. _________________________________
The DOW was up almost 700 points, and gold was down $30.00
Now the media is hailing how great it is that Congress passed the bill to raise the debt ceiling.
But what everyone has overlooked are the side effects confronting rising the debt ceiling.
Currently, the US checking account is at low $40 billion. Funds are needed to pay the interest on the US debt, etc.
Raising the the debt ceiling enables the Secretary of Treasury, grandmother Yellen, to raise the funds.
The government doesn’t have the funds. So Yellen will have to sale Treasury bills and bonds.
Yellen said they would have to sell $500 billion to a Trillion dollars of T-bills within 30 days to refill the treasury’s checking accounts (TGA).
By the Treasury being a huge buyer in the T-bill market, this will cause the interest rates to rise above 5.25% for a 2-year T-bill, which causes problems for the banks in making loans.
A liquidity crisis may arise due to lack of funds available for banks to lend out, which actually creates money in circulation. See major points and times in video below.