BLOG

America on lockdown

Well, it appears that today is the beginning of a semi-lockdown/quarantine across the nation, with some cities having more restrictions than others.

https://www.dailymail.co.uk/news/article-8118415/Donald-Trump-tells-America-lockdown-15-days-stop-coronavirus.html

San Francisco’s lockdown is quite severe, which is perhaps significant on account of past prophecy associated with that city.

Whatever is happening, this is most likely what the “preppers” have been prepping for in the past few decades. I’m not sure how severe it will be or how long it will last, but it will certainly have an economic impact on the country and the world. Right now, most people are still able to go to work and to grocery stores, hospitals, etc., but many companies are going to go broke in the next few months.

The airline industry is being hit very hard. Every tourist place will have to shut down for lack of tourists. The ripple effect will hit many other industries as well.

The president is pledging hundreds of billions of dollars and even trillions to help businesses weather the storm. This could well be the start of hyperinflation with too much money chasing few available goods. Shortages of certain items are already apparent by looking at store shelves.

The preppers will get the last laugh here. Many will have to apologize to them for being “conspiracy theorists.” It is no longer theory. Whatever is happening is now happening.

Europe is now considered to be the epicenter of the coronavirus. That may change later.

There is a run on some banks in New York City, mostly rich people wanting to withdraw tens of thousands of dollars from the banks. Some get it, others are denied, but it is threatening the solvency of the banks themselves. Remember, for every dollar put into the bank, they get to leverage ten times; and for every dollar taken out of the bank, it is like taking ten dollars out.

Inter-bank loans are ready to freeze up, much like September 2008. The only solution seems to be to create money (“liquidity”) to keep the system afloat. The bank crisis of 2008 was bad enough, but today the situation is ten times worse—at least. But fear not, the government is here to create more money, and with interest rates reduced to zero now, they can create money without paying interest. No doubt that was the reason for the rates being dropped to zero.

I suspect that when the dust settles, the Fed will be blamed for not dropping interest rates earlier. This will be the excuse to nationalize the Fed, something that ought to have been done years ago. That will be a major nail in the coffin of Babylon.

Our redemption is drawing near. Have faith in God and His plan, regardless of the best-laid plans of mice and men. The plans of men cannot withstand the prayers of the saints.