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.”
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Health Tips
Benefits of NAC
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Videos of the Day
50,000 Retail Stores Closing + Terrible Jobs Report + Stock Market AI Super bubble
VENEZUELA Faces Total Collapse. Largest Oil Reserves but 436% Inflation, Debt Default, Cash Crisis
God tells us things to prepare 🙌🏼 with enough time - 30 year old woman had a dream the banks would close
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Highlights News
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.
It is not yet clear whether the changed environment has weakened some brands’ appetite for Pride marketing.”
Pride Marketing Begins in Wake of Target and Bud Light Battles
TIMBER: Kohl’s Stock Tumbles For Third Day In A Row After
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.
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Joy and glee flooded Wall Street June 2, when the Senate passed the bill to raise the budget ceiling above $31.4 trillion until Jan. 2025, for the President to sign Saturday, 6-3-23.
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
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.
Raising the debt ceiling will trigger a crisis (here’s why)
T 4:55 - 6:20
- Government sells T-bills.
- Non-bank buys
- Bank balance goes down
- Bank reserves go to Fed
- Liquidity Crisis
- Not enough cash
- Banks bust
- Stocks crash
- 1930s scenario
- Rates explode
- Not enough cash
Brace For The $1 Trillion Aftershock From Debt Deal
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Banks
Stocks & the Economy Are About to Plunge Into an Abyss as Liquidity is Set to Collapse by $1Trillion
It's Happening NOW!
JPMorgan CEO Jamie Dimon on China, US Debt-Limit, AI
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Economy
Ford wants to allow your car to lock you out — and even drive itself to an impound lot or scrapyard — if you miss payments
TIMBER: Kohl’s Stock Tumbles For Third Day In A Row After Going Woke
A Severe Contraction in the U.S. Manufacturing Sector Indicates Major Consequences for the Economy
15 Great Depression Foods We Will All Be Eating Again Soon | with Clayton Morris
"I know it sounds extremely controversial to talk about the US going into recession, just because the lagging and coincident indicators are telling you that we're into something brand-spanking new about a no-landing or a soft landing. We're heading into a hard-landing in the second half of the year," he said.”
Top economist David Rosenberg says the US economy is a 'dead man walking' – and warns of a 'hard landing' ahead
"The Crash Will Be WORSE Than 1929" | Warren Buffett’s Last WARNING
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Gold and Silver
The living standards in the east and west.
Dealer Sounds Alarm over Rising Problems with Gold and Silver! And a New Stacker Goes in HARD!
T: 9:19-11:28,14:13-14:42
MASSIVE! This Is a Lifetime Opportunity for All Precious Metals' Investors, Andy Schectman
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