U.S. Government Nationalizes the Banking System (38 minutes)
Treasury Secretary Janet Yellen admitted this week that although the federal government will bail out big banks if they go under, small community banks will not receive the same treatment. With the Silicon Valley Bank (SVB) bailout, the FDIC removed the risk factor from investment by paying back all SVB depositors, signaling to other big banks that the government will bail them out if they make risky financial decisions. This dramatic alteration to globally accepted financial policy has changed American capitalism and made banks and financial regulators around the world very nervous.
Mr. Armstrong’s Greatest Personal Prophecy (10 minutes)
Herbert W. Armstrong prophesied that economic collapse in the U.S. would trigger a coming global crisis.
