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The US will reach its debt ceiling limit on January 19, and the new congress, controlled by Republicans, is in no mood to increase the debt limit. There will certainly be a fight and a delay, as we have seen so often in the past. In the end, the Republicans will probably capitulate and authorize another increase in the debt ceiling, simply because under the current debt-money system, there is no alternative.
To resolve the debt issue would require a change in the actual structure of money (currency) from being a debt note to being an asset representing a unit of gold. Here is a short video showing how central banks around the world are selling US treasuries, forcing the US Fed to buy them.
Japan is of particular interest, since it is the largest holder of US treasuries in the world. Yet the Bank of Japan has been forced to sell its US treasuries to support the yen.
“Over the past two decades, official institutions have gone from being the biggest buyers of treasuries and bonds to the biggest net sellers. For a total of 49 months since October 2017, global central banks have been net sellers of US treasuries, showing a reduction in investment or a move away from US treasuries….
“From this perspective, the three crises of Japan becoming the black swan of US treasuries, the soaring cost of US debt accelerating US treasury defaults, and the continued net selling of US treasuries for gold by global central banks will probably lead to a US financial collapse in an environment where markets fear that a US debt ceiling deal will not be reached.”
It is of interest to us that “global central banks have been net sellers of US treasuries” for the past 49 months. This suggests a type of Jubilee in the months “since October 2017.” Recall that October 12, 2017 was the day that the transfer of authority from Babylon to the saints of the Most High was declared prophetically in the divine court.
US Treasury Secretary Janet Yellin made a sudden trip to South Africa last Sunday that was announced only after she had arrived. The cover story is that she was going to encourage South Africa to continue moving away from their reliance on coal. This was the first visit ever by any US Treasury Secretary to South Africa. It is one for the history books.
But why send the Treasury Secretary? Why not send the Secretary of Energy, Jennifer Granholm?
“Yellen is expected to push the government of President Cyril Ramaphosa to pursue its fledgling transition to cleaner energy and away from a heavy reliance on coal. South Africa has been promised $8.5 billion from rich nations to help, but most of that is in loans, not grants, and the country is dealing with an energy crisis that risks curbing economic growth.”
The fact is that Yellin flew to Capetown to meet with the central bankers all day Monday and Tuesday morning. She did not go to the Union Buildings in Pretoria to meet with politicians.
This suggests that she was more interested in talking about the looming financial crisis than about coal. I think she was there to try to raise money in some way. There is more to this meeting than was fed to the media in their cover story.