PLIM Financial Preparedness Class Notes, Sunday, May 21, 2023
Posted to www.plim2.org
Dr. Lee Warren, BA, DD
Edited by Dr. Penny Warren, MA, DD
Topic: June 1st US Budget Deadline, Unfolding Bank Crisis, G7 Meeting
Health
5 Natural Blood Pressure Supplements that Lower Blood Pressure Naturally
7 Incredible Vitamins To Repair Nerve Damage
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Video of the day
BANK CEO EXPOSED FOR Bank Collapse & JP Morgan CHASE Starts Freezing Accounts
The reason why most banks fail, Ex CEO SVB Before the Senate Banking Committee
Time end 6:39
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Introduction
Leaders of the world are holding secret meetings to deal with wars, famines, US bank collapses, world inflation and other various crises confronting them, not understanding the purpose of the Creator Yahweh Elohim and His plan according to the Archetype Pattern of the Universe (Mt.24:1-9).
These crises manifesting at their zenith are perpetuating psychological and spiritual trauma and anxiety throughout the world. The Messiah warned of the great transformation, coming out of the old world (Old Covenant) into another world (New Covenant, 2 Cor. 5:17), that would occur at the end of the age or era. He said: “Men's hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.” (LK. 21:26)
It was Yahshua the Messiah’s crucifixion, burial, resurrection and the outpouring of the Holy Spirit that opened the age of Revelation beginning with the Apostle John who received his panoramic vision, in AD 96, on the isle of Patmos.
“The Revelation of Yahshua The Messiah (Jesus Christ), which Elohim (God) gave unto him, to shew unto his servants things which must shortly come to pass; and he sent and signified it by his angel unto his servant John:” ( Rev. 1:1)
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Here are some events fulfilling the prophecies of Revelation.
Policymakers are getting desperate for they know the financial system is on the brink of collapse, WWIII, etc. is on the horizon.
Secret Closed Door Meeting Shows Policymakers Know the Financial System is on the Brink of Failure
G7 Summit: US Credibility At Stake As Debt Ceiling Crisis Looms | Vantage with Palki Sharma
T 00:00 G7 Meeting usually look after the world economic affairs but at this meeting they worry about the US economy, congress raising the budget debt limit, June 1 deadline. “President Joe Biden is in Hiroshima, Japan for the crucial G7 Summit 2023. This, as the potential threat to global economic stability looms in the background. With the US facing a possible default, the stability of the world economy hangs in the balance. How will Biden reassure the other leaders? Palki Sharma decodes.”
T 02:00 Speaker of the House told Joe Biden to stop hiding. Stop traveling somewhere else. Americans want an American president focused on American problems, finding American solutions.
First Since Ukraine War: India's PM Modi Meeting Ukraine's Zelensky | Vantage with Palki Sharma
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Economy Propaganda
How The U.S. Is Stalling A Recession
RED ALERT | Complete Global Financial Breakdown | Gerald Celente & Lynette Zang
8 min. video
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“As the U.S. hurtles closer to a default on its debt as early as next month, the economic consequences could prove devastating, especially for millions who stand to lose their jobs.
Even a brief debt ceiling breach of about one week would slash 1.5 million jobs, raising the unemployment rate from 3.4% to 5%, a Moody's Analytics report found in March. …
Which occupations will be hit first by a debt ceiling breach?
The initial jobs losses that result from a potential debt ceiling breach will center in the construction and manufacturing sectors, Michelle Holder, a labor economist at John Jay College of Criminal Justice, told ABC News.”
Debt ceiling breach could cut millions of jobs. Here's who would lose employment first
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“Gathered last weekend at the Toki Messe convention center and Hotel Okura in Niigata, Japan, the world's top economic officials were scheduled to discuss some of the biggest emergencies facing the global economy, such as the war in Ukraine and climate change.
But the finance ministers for the Group of 7 nations had another question for Treasury Secretary Janet L. Yellen: What is going on with the U.S. debt ceiling? …
…Around the world, experts are watching in disbelief as the U.S. flirts with its first default, fearful of the potential international economic ramifications - and astonished by the global superpower's brush with self-sabotage.
Rich and poor nations alike fear a possible U.S. default, which would torpedo the financial markets and deal a massive blow to the dollar. Analysts say the impasse jeopardizes America's standing abroad. And foreign economists and policymakers are bewildered over why the United States has imposed a specific limit on its debt and then turned it into a political football.
"The U.S. Treasury market is Washington's golden goose, and the market shows the golden eggs it lays are still very much in demand," said Maximilian Hess, principal at London-based political risk firm Enmetena Advisory, which advises clients including credit insurers and other financiers. "And yet the U.S. has a rule in the debt ceiling that inexplicably says that the golden goose should be taken out back and shot unless it agrees to lay fewer eggs for a while."
World watches in disbelief and horror as U.S. nears possible default
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Stanley Druckenmiller | May 2023 Keynote | USC Marshall
(have to click on his slides and transcript while listening to his video)
T 00:00- 20.07
T 03:51 - 4:05 SS consumes 40% tax revenue,
T 04:45 -05:15 you have a huge growth and surplus of older Americans Receiving entitlements but you don’t have the enough younger workers creating revenue to pay for them
T 11:30 - 11:45 the only thing the Democrats and Republicans agree on is that the entitlements should not be touched
T 20:32 looking at today’s world
A group of over 140 CEOs and Wall Street titans including David Solomon just signed an open letter warning stocks will crash if politicians can’t raise the debt ceiling
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Gold & Silver
Gold down $60.000 for the week
“(Kitco News) - Gold and silver prices are solidly lower in midday U.S. dealings Thursday, with both hitting multi-week lows. The three key outside markets are all bearish for the precious metals today. The U.S. dollar index is solidly up and hit a seven-week high. Rising U.S. Treasury yields and lower crude oil prices on this day complete the bearish trifecta. June gold was last down $26.00 at $1,959.00 and July silver was down $0.262 at $23.635.
Trader and investor risk appetite has also up-ticked late this week, which is also a negative for the safe-haven metals. The U.S. debt-limit extension talks are reportedly going better. President Joe Biden and House Speaker Kevin McCarthy have both made upbeat comments on getting a deal done before June 1. Reads a Barrons headline today: "Debt ceiling optimism brings markets back to life. It's not without risks." The story details that while the debt matter getting fixed is a positive, the potential negatives are still lingering, including a still-hawkish Federal Reserve, recession concerns, and U.S. and European banking jitters. The marketplace is by no means robustly risk-on at present.”
Bearish outside metals gang up on gold, silver
Gold will increase 4X, as inflation, QE, debt, and deficits impact the US - Rick Rule
Dave Kranzler: More Gold & Silver Pain Before The Big Gain
"You Only Need This Much Gold & Silver To Be Safe In This Crisis"- Bill Holter
LEAKED: This Will Change Gold & Silver Prices Forever! - Andy Schectman | Gold Silver Price
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War China & Russia
Russia bombs UK uranium shells in Ukraine; Moscow claims 'radioactive cloud moving to Europe' | Hindustan Times
IT'S ON. USA WARNING CHINA TO BACK THE F OFF.
Ukraine Is DONE, Losing Bakhmut & Kiev SLAMMED
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