3-27-23 Passing The Buck - by Bill Perkins

Passing The Buck - by Bill Perkins - https://compass.org/passing-the-buck/

And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead, and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name. Rev. 13:16

We recently wrote about the “Missing Link”(1)—that only a small percentage of Holy-Spirit-enlightened Believers fully understand that all that’s going on today was accurately prophesied 2000 to 2600 years ago.

We KNOW we’re living in the last of the last days before Rapture. And even though Rapture’s a “sign-less prophetic event,” signs are given in scripture for Believers to know when we’re getting close.

There was a moment in Jesus’ earthly ministry when He chastised those He was teaching for not paying attention to all the fulfilled prophetic signs going on around them.

And He was also saying to the crowds, “When you see a cloud rising in the west, immediately you say, ‘A shower is coming,’ and so it turns out. And when you see a south wind blowing, you say, ‘It will be a hot day,’ and it turns out that way. You hypocrites! You know how to analyze the appearance of the earth and the sky, but why do you not analyze this present time?” Luke 12:54-56

So we are crazy if we don’t Biblically analyze what’s going on around us to make smart decisions in every aspect of our lives.

The Truth About Banks

About a year ago we wrote about what major events to keep an eye on (3), one of them being moving toward the Mark of the Beast—the whole world’s money controlled by Satanic forces.

And boy are we moving along at a fast clip! Just like they are doing everything possible to get rid of small businesses, preferring to control a few major suppliers, they’re doing the same with banking.

We have already been told there are only eight banks that will not be allowed to fail.(2)

Bank of America
Bank of New York Mellon
Citigroup
Goldman Sachs
JP Morgan
Morgan Stanley
State Street
Wells Fargo

What this is telling us is that before the Mark of the Beast, they plan to consolidate all banking down to eight banks. That would make it far easier for the government to take over all banking.

This will happen, it’s just a matter of time. We just don’t know how much of this we’ll see prior to our electrifying heavenly departure. Is your bank on that list? Asking for a friend.

But what just happened in Switzerland with the takeover of 167-year-old Credit Suisse Bank should make everyone pay attention. They saved the bank by selling it to UBS, the largest bank in Switzerland. But the devil is in the details.

UBS bought it for $3.2 billion. The Swiss government kicked in a line of credit of $7 billion. But the amazing thing they did to make it work was a “bail-in” of $17 billion in bonds.

A “bail-out” is when someone puts money in to cover the losses. But in this case, no one was willing, or maybe able, to bail out the bank. So they used a “bail-in” by defaulting on $13 billion of bondholders’ money. There is very little coverage of this inconvenient fact in the news.

Several billion dollars of those Credit Suisse bonds were purchased by the governments of Saudi and Qatar who had a lot of excess cash from oil sales in the last couple of years. Their investment just vanished. So much for putting money safely away in a Swiss bank account.

You could make the case the Globalists were penalizing those Middle Eastern nations for lining up with Russia and China’s new monetary system. If they needed cash, that would have seemed to be the most logical sinister option.

But a lot of those bondholders were just like you and me. Individuals who had some or all their retirement funds invested at 3.2% interest. Then they were told their money was simply gone.

That’s amazing. But it’s not without precedent. In 2012, in what now looks like a practice run for the future, Cyprus banks also did a bail-in to save all Cypriot banks.(4)

Up to $100,000 was supposed to be insured. But to make the banks solvent, they decided to “tax” every insured amount 6.5%. So if you had $100,000 in the bank, your balance changed overnight to $93,500.

For those who had over $100,000 in a Cypriot bank account, the tax was higher—10%. So if you had $500,000 in the bank, it changed to $450,000 overnight. Roughly some 70% of all Cypriot uninsured deposits were from foreigners.

This was done by decree and there was no appeal. Just like there is no appeal for the bondholders of Credit Suisse. And do note the “tax” was 100%. When you put money in your bank it’s owned and controlled by the bank. Just saying.

So here we are in the US now being told that there are 186 more small-to-medium banks at risk of closing.(6) There’s no way these troubled banks can be bailed out…the FDIC used up all its reserve cash on the last three bailouts.

So as the banking crisis continues to play out, there is no telling what they will do to save the banking system. All we know for sure is that we’re well on our way to the Mark of the Beast.

Plan accordingly. The Bible gives some practical advice. Our expression “Don’t put all your eggs in one basket” comes from this Bible verse:

Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth. Eccl. 11:2

Especially since Biden is itching to launch his trackable, traceable central bank digital currency (CBDC).(7) Rumor has it he’s looking at July to implement the U.S. version of a digital currency.

Actually, the USA is late to the game. There are roughly 100 countries that already have digital currencies(8), including China, Ukraine, Sweden, India and European Union.

Most mirrored the successful launch of Nigerian eNaira launched in October, 2021. The eNaira exists via an app alongside Nigeria’s regular Naira currency.

Using the Nigerian eNaira app you can store, send and receive eNaira, assuming the other person or business has the app. However, over 55% of the population of Nigeria doesn’t have a bank account and depends on cash.

But Nigeria pushed on implementing measures that made it hard to use cash. For instance, they removed the legal status of high denomination bills. You don’t think our illustrious government would do such a thing to us, would they?

Hmmmm….well, in 1969 they already got rid of the $10,000, $5000, $1000 and $500 notes to “fight the drug war.” This is interesting in light of the fact our dollar has lost 88% of its value since 1969.

The scary thing about digital currencies is not only that every transaction can be taxed, but that any transaction can be stopped. So whoever controls your eCurrency controls you because they see everything you do.

If the government doesn’t like you for some reason…say they don’t like the fact you’re unva((inated, or because you gave to the wrong political party... they can easily reduce or freeze your digits in a gnat's eyelash.

The e-dollar probably won’t happen overnight. All other countries kept their paper currency in place and brought their e-currency alongside. But we know that’s like the proverbial frog in a slow boil of water.

And there is some push-back from conservatives in Congress. So that may slow it down a little. Again, we know where it ends after the Rapture, we just don't know when the Rapture will happen.

But do realize these trackable, traceable digits cropping up worldwide means we’re a nano-second away from a centralized world e-currency, Biblically referred to as the MOTB that is instituted in the last half of the Tribulation.

Regardless, Satan wants us fearful. God wants us confident that as we see the Tribulation close, His rescue is closer.

For God has not destined us for wrath [in the Tribulation]…therefore encourage and build up one another. 1Th. 5:9a, 11a

I hope you're encouraged by what all is going on...I am!!! Use us, Lord!

CQLJ!

1) https://compass.org/the-missing-link/

2) https://money.com/is-your-bank-too-big-to-fail-probably-check-out-this-handy-list/

3) https://compass.org/ramping-up-to-the-rapture/

4) https://www.theatlantic.com/business/archive/2013/03/everything-you-need-to-know-about-the-cyprus-bank-disaster/274096/

5) https://www.prophecynewswatch.com/article.cfm?recent_news_id=5968

6) http://theeconomiccollapseblog.com/186-more-banks-are-at-risk-of-failure-and-that-could-push-us-into-the-next-great-depression/

7) https://www.cnn.com/2022/03/11/tech/us-digital-dollar-cbdc/index.html

8) https://www.euronews.com/next/2022/03/09/cbdcs-these-are-the-countries-are-using-launching-or-piloting-their-own-digital-currencies