Roundtable Discussion – Economic Update in Prophetic Context
Bank of England buys Gilts?
Recently, there have been a few significant shakings in the financial markets, particularly in Europe, that have been stayed for the moment. Specifically and most recently, we had the Bank of England step in on an emergency basis to buy UK Gilts (like US Treasuries) to stave-off a financial crisis caused by “Liability Driven Investment” derivatives which is a fancy name for a leveraged “free lunch”. This is a Quantitative Easing move in a time of tightening of monetary policy. This reveals the vulnerability of the central banks to yet another crisis.
This was generally blamed in the mainstream press on Liz Trust’s administration’s new taxation and economic policies (of unfunded tax-cuts). Which was probably more political than stark reality. At least we can say this, Investors are rejecting the UK govt’s ability to tax and the pound as any kind of safe haven. You can read a good summary about it here: Bank of England Buys Bonds in Bid to Stop Spread of Crisis and Bank of England Further Expands Bond-Market Rescue to Restore U.K.’s Financial Stability
Credit Suisse
Now just a few scant days prior to this we had the Credit Suisse meltdown. NOTE, both the UK and Switzerland are independent of the EU. Credit Suisse is Swiss based even though they have a significant US presence through completing the acquisition of First Boston in 1990. Here is an article encapsulating how the Reddit meme stock crowd almost sunk the venerable Swiss Bank: How Credit Suisse Became a Meme Stock. (alt free article) Deutsche Bank also got swept into the bankruptcy concerns in early Oct with its stock price also declining precipitously triggering liquidity concerns all over again.
So, here is some prophetic context:
1. David Wilkerson prophecy from the 80s. See PDF below:
2. John Paul Jackson – Nations Bank word: https://youtu.be/hwwO-23Jiyo
Other Relevant Prophetic Headlines JPJ saw:
“The Great divide – The new Normal on the Mississippi River”
“Record Set for Number of Cities with Riot Curfews”
“Martial Law to be extended for 30 More Days”
“Blight in Grains Spreading”
“Drought Continues to cause Prayer to Rise”
“Loss of Identity – The Cost to Belong to the New Euro Community”
“Demand for Classic Seeds Skyrocket”
“Derivative Panic Hits Global Markets”
“Food Prices Lead Nation’s Escalating Inflation Woes”
“Sysco Co and Kraft Considers Guards on Delivery Trucks as Food Nears 40% of the Family Budget”
“Big Regulations Hit Small Banks”
“Credit Markets Freeze Up”
“The New Face of Robinhood – Flash Mobs Loot Rich Neighborhoods”
http://preparingfortheperfectstorm.com/john-paul-jacksons-prophetic-headlines/
3. Rick Joyner – Economic Future of USA
4. “I am uprooting the money tree” / “I am uprooting the men of money” spring 2010 word of the “No Name” storm knocking out power for 3 weeks in Fairfield County CT. Power outage greatest and longest according to the wealth of the town.
https://en.wikipedia.org/wiki/March_2010_nor%27easter
https://patch.com/connecticut/westport/remembering-the-devastating-march-2010-storm
5. Ezekiel 29-32. 7-fold judgment against Egypt (aka Global Financial Markets). 40 year wilderness. Great humbling. Becoming “desolate”.
https://www.biblegateway.com/passage/?search=ezekiel+29-32&version=NKJV
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