News Updates

NEWS UPDATES

By Dr. Stephen Jones

Blog Post Date:  6-26-2021

The Basel Accords

After the near financial collapse in September 2008, bankers understood that the existing financial system was nearing the end of its lifespan. Having been based on debt-based money, it was always just a matter of time before the bulk of the money would be transferred from the working people to the pockets of those who had created and owned the Federal Reserve Bank.

While this wealth transfer was the goal from the start, it was also known that at some point in time, the shortage of money on Main Street would collapse the system. Toward the end, the volume of new money being created would have to increase exponentially, but the sheer volume of money would then bring about a monetary collapse.

In 1988 the bankers understood that the end was nearing, so they established the Basel Capital Accord, known later as Basel 1. The Accord was named for the city in Switzerland where the bankers had met. The Accord made some minor alterations that were enforced in 1992.

In 2004 the bankers established Basel 2, which established minimum capital requirements of capital that banks had to have on hand in case there was a run on the banks.

After the financial crisis in 2008, the bankers drew up the plans for Basel 3, which increased the amount of capital requirements banks had to have on hand.

https://corporatefinanceinstitute.com/resources/knowledge/finance/basel-accords/

Banks do not like it when money sits idle, as it is unprofitable. The Basel 3 Accord is due to take effect on mainland Europe next week on July 1, 2021. It takes effect in the UK and the USA on January 1, 2022. No one knows precisely what will happen as a result.

I have heard some speak on this topic, and they have revealed other details in the Accord which, if properly implemented, could force the banks into some semblance of honesty in regard to the metals markets. But we have to recognize that these bankers are experts in ignoring the existing laws. The regulators in government agencies are there to protect the fraudsters, not to make them engage in honest business practice. So we will see how that works out in practice.

We have now reached the point where the problem can no longer be solved by throwing more money at it. In the past two years the Fed has created multiplied trillions of dollars. Just in 2021 alone, at least 9 trillion dollars has been created, though some say the actual figure is closer to 90 trillion, if we include secret money creation. Of course, most of this money goes to the wealthy and more than half of it goes overseas to bribe and buy politicians from other countries.

Regardless, the point is that the monetary charts now show a parabolic rise, heading almost straight up. This always happens just before a collapse. Some economists are projecting hyperinflation by 2022. However, hyperinflation requires these huge sums of money to be circulating among the public, rather than being held by the banks and their wealthy owners and clients on Wall Street. Hyperinflation is actually caused by an increased “velocity” of money—i.e., people spending it in retail stores. To spend it, one must first have it.

Twenty Years Since 2001

From July 1-14, 2001 we fought (and won) a series of spiritual battles which culminated on July 11. This was seen in the world two months later on September 11, 2001.

We are now nearing the twenty-year mark, which is a double Hezekiah Factor. We may see that battle resurface in some way from July 1-14, 2021, especially since the start of this is marked by the Basel 3 requirement. It is a time to watch, though it is too soon to know if or how those battles might manifest themselves. If something does occur, I would not watch for a repeat of 2001 but would expect to see how those battles have progressed in time.

The Federal Reserve is already planning a historic change to the US dollar.

https://www.politico.com/news/2021/06/12/fed-remake-us-dollar-493548

The plan is to have a digital dollar. If you have money in the bank, it is already digitized, of course. The bank has very little paper cash on hand. So the form of money will not really change. And I do not think they will stop issuing paper money either, at least not for the foreseeable future. The main change is that money will use blockchain technology.

At the present time, there is a background struggle (war) over who will control this new money and who will issue it. Will it be issued at interest once again, as in 1913? Or will this new digital dollar be like the rest of the cryptocurrencies on the blockchain that were created as digital assets, not as digital debt notes? Debt notes bring slavery; Assets, whether digital or not, bring freedom. Which will it be?

This is a fluid situation, and the war is not yet over. But in my view, we are living at a time when the beast systems of the world no longer have the divine mandate to rule. The new system may not give us immediate freedom, but freedom is certainly on the way, even if it must evolve over a period of time.

Bretton Woods

The Bretton Woods Agreement in 1944 was the last great financial accord that made the US dollar the world reserve currency—backed by gold. This Agreement broke down after the US government began to print more money than its gold was able to back, especially during the Vietnam war. When France began to demand gold in payment for its exports to the USA, the gold supply in America was threatened.

So on August 15, 1971 President Nixon took us off the gold standard and essentially ended the Bretton Woods Agreement.

From then on, we went on an Oil Standard, using the Petro-dollar. Now the Petro-dollar system is collapsing, and something new must be implemented. Note that we are approaching the 50^th anniversary of the Petro-dollar on August 15, 2021. This has caught the attention of numerous economists, who have suddenly started using a new economic term: Debt-Jubilee.

I used to feel all alone when I talked about the Jubilee. Now I feel right at home, even though most economists do not fully understand a biblical Jubilee. I believe our job is to help give them a better understanding of a Jubilee as God defines it.

The point is that economists know that the Bretton Woods Agreement is fully dead and buried. They are calling for a “Realignment.”

In 1944 the world’s most powerful nations gathered at a secret conference in New Hampshire to rebuild the global monetary system.

Today, that system is no longer working. Hosted at the same hotel as the original conference, Bretton Woods: The Realignment will gather the world’s premier economists, macro analysts and investors to ask:

What is the future of money?

https://blockworks.co/events/brettonwoods/

Shutdowns in Washington

I have watched video reports from Washington, where it appears that most of the government institutions are shut down. This includes the White House, Congress and Senate, the Library of Congress, and even the FBI. Some reporters have been photographed doing imaginary news reports from the White House lawn. While Biden was supposedly giving a live press conference from the steps of the White House, there was no activity on site at the time.

What is going on?

Remember the news reports showing Biden stumbling three times as he boarded Air Force One? Shortly after that, he was shown carrying his own suitcase and umbrella up the same steps. Again, he entered the limo (“beast”) with no one opening the door for him. The guards were wearing Walmart brown shoes. And then Biden and Harris were seen boarding the same plane to go on a foreign trip. The president and vice-president are not allowed to travel together in case something happens to the plane.

While many ordinary people would have missed the significance of this, it would certainly raise eyebrows in every intelligence organization in the world. Many would have questioned if Biden is really the president. Something really weird is going on. This is not business as usual. It is a huge violation of protocol.

Social Media giants continue to censor anyone who differs from the official narrative. YouTube has banned most of the people that tell the truth. The algorithms target anyone using key words, even when they quote official government sources or the WHO website. The communists want freedom of speech until they take control of a country; then they ban it for everyone else. That is currently our situation in America. I have to get my information from BitChute or Rumble or some other independent platform.

The antics in Washington are approaching absurdity levels. The legislation coming out of Washington is insane. Men are now allowed to compete as women in the Olympics. We now have to call mothers “birthing persons” to avoid offending people. More and more, this looks like a plan to expose the Deep State’s stupidity by actually allowing them to try to implement their insane agenda.

So if you live outside of the USA, please excuse us while Nebuchadnezzar grazes for a season. We are legitimately embarrassed, but this will not last much longer. When Nebuchadnezzar regains his sanity, he will proclaim the sovereignty of God (Daniel 4:34). As a nation, we are being humbled, so that we never again allow Satanists to rule our country.