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Recall that on August 23, 2022 Pope Francis ordered all “assets and investments” of “Vatican-linked institutions to deposit their assets with the Vatican Bank” by September 30.
ROME -- Pope Francis on Tuesday imposed an Oct. 1 deadline for all Holy See offices and Vatican-linked institutions to deposit their assets with the Vatican bank….
The Vatican’s economy ministry in July issued a new investment policy requiring all Vatican departments to transfer their assets and investments to APSA via its accounts at the Vatican bank, known as the Institute for Religious Works, or IOR. No specific deadline was given, but the decree published Tuesday says all assets must be transferred by Sept. 30.
I figured that most of the asset transfers would take place toward the end of September, assuming that the institutions complied with the pope’s order. I knew that this new policy had the potential of causing a liquidity crisis in those countries in which the assets had been up to now. After all, we are talking about hundreds of billions of dollars, euros, and pounds.
Bank of England “Capitulates”
Today is September 29. Yesterday, the 28th, the bond market “broke” in the UK, as the Bank of England capitulated and suddenly began a vast new policy of quantitative easing (creating money).
If you are living in the UK, you can restart those ‘money printer goes brrrrr’ memes. The Bank of England is the first western central bank to capitulate since western central banks began raising interest rates and implementing quantitative tightening.
And I mean officially….
The Bank of England will be restarting quantitative easing (QE) due to ‘significant dysfunction’ in the bond market, and ‘material risk’ to financial stability.
In simple words, UK gilt yields were rising too fast. The Bank of England is now buying bonds in order to bring down rates.
Some contrarians are seeing this as the ‘breaking’ moment. Rates were rising too fast that they broke something in the system.
Interest rates shot up 29 basis points, which, I heard, is a new record. The Bank of England found it necessary to intervene aggressively by buying bonds (with newly-created British pounds) in order to bring down the interest rates. This is being seen as a big step toward hyperinflation, which is sure to make many investors sell their British pounds for US dollars.
At the same time, the Dow, which had been in freefall since last week, suddenly turned and rose more than 500 points. Was this the result of panicked British investors buying US stocks?
This is all an indication of money flowing out of the UK. It appears that much of the cash flowed to the Vatican Bank, but also to the USA. The Fed has been raising interest rates over the summer, which tends to induce foreign investors to buy US bonds, taking their money out of their own country. On September 21, 2022 the Fed raised interest rates another ¾ percent (or 75 basis points), sending the Dow down 522 points in a day. The markets continued to drop until yesterday, when the Dow climbed more than 500 points.
Perhaps yesterday liquidity crisis in the UK was a combination of these two main factors, along with the general instability brought about by the death of Queen Elizabeth on September 8. These factors, taken together, caused the Bank of England panic and to inject liquidity into the markets at a rate of “whatever it takes.”
Banks are all tied together these days, so we ought not to think that this financial problem is limited to the UK or the Bank of England. Recall that the financial situation with Lehman Brothers in September 2008 nearly brought down the entire banking system in the world—this by their own admission. It only takes one bank failure to affect the entire world.
It is also understood by financial experts that (historically speaking) when Europe has a crisis, it flows to America in about two weeks. If that general rule holds true in this case, that would take us to October 12, which is the third day of the feast of Tabernacles (October 10-17).
JPMorgan says Recession is Now Imminent
JPMorgan took note of the recent freefall in the stock market to say that it is now a virtual certainly that the US will go into a recession.
(Bloomberg) -- The US stock market is sending a crystal clear signal on its view of the economy -- a recession is all but imminent.
That’s the verdict from a trading model created by JPMorgan Chase & Co. strategists. It’s now saying the S&P 500’s 6.5% rout since the Federal Reserve turned extremely hawkish last week implies a 92% probability of US recession, up from 51% in August. Other assets are also flashing a similar warning. Pricing of base metals now carries a recession probability of 96%, up from 84% in August.
The USA has been in recession since the start of 2022, but it takes 2 consecutive quarters (i.e., 6 months) of downturn to make it official. So when a recession is recognized officially, we are already 6 months into it. The problem is that when they crunched the numbers in early July, they decided to ignore the downturn and move the goal posts, refusing to call it a recession for the first time in history. Why? The November elections are coming up, of course.
After all, if China could ignore the default of Evergrande last year, why couldn’t the US government ignore the recession? It’s all about politics. When we reach the end of the third quarter tomorrow, will the government be forced to admit that we are in recession? That is doubtful—unless a higher Power adjures them to tell the truth?
Human Sacrifice Update
On September 23, I wrote a weblog to let you know our discernment that Satanists were planning a human sacrifice soon. I did not know the precise timing that was being planned, but I suggested that it might be done on the new moon (September 25), or possibly the night of September 28/29.
Satanists and witches love their “new moons,” and so I suspect that they will be doing their ceremony on September 25. Another possible date is the night of September 28/29, as this is the anniversary of Jesus’ birth in Bethlehem on the feast of Trumpets (the New Year) in 2 B.C. It may be that their purpose is to make this a proxy murder of Mary and Jesus.
On September 22, we were led to issue a public declaration on behalf of the divine court to remind them that human sacrifice was not lawful. We had made a similar declaration in late October of 2001.
The Lord told us that the Satanists ignored our warning and performed their sacrifice on the night of September 25/26. Technically, the ceremony began at midnight at the start of September 26. This was during the first new moon (i.e., no moon visible) after the Autumn equinox. It was also the start of Rosh Hoshana by Jewish reckoning, the start of their year 5783.
The ceremony, we discerned, was performed in New York City, which is our financial capital. The location implies that this sacrifice was made in regard to financial matters. As a consequence, we met at 2pm (CST) on September 27 to issue a judgment against them. We then resolved to watch how the angels enforce this judgment.
We did not have long to wait. September 28 saw the collapse of the UK’s bond market causing panic at the Bank of England. On the same day, hurricane Ian struck the southwest coast of Florida as a Category 4 storm with 155 mph winds, causing massive flooding and wind damage. It crossed the state overnight, and this morning it emerged into the Atlantic Ocean as a tropical storm. It is expected to regain some strength as it tracks north before hitting the East Coast.
The cost of damage from hurricane Ian may possibly be the greatest in history, making it a financial event as well as a weather event. Time will tell.