Tomorrow’s News Today
Executive Editor
Stephen Flurry
Aired: March 17, 2023 • Trumpet Daily
Financial Crisis: The Cure Is Worse Than the Disease

00:30 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.

38:45 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.

50:30 Viewer Feedback (5 minutes)

About The Trumpet daily

The Trumpet Daily proves the Bible’s relevancy to your life. Trumpet executive editor Stephen Flurry hosts a show covering wide-ranging topics with an emphasis on world news.

Stephen Flurry is executive editor of the Philadelphia Trumpet newsmagazine and president of Herbert W. Armstrong College in Edmond, Oklahoma.

The Trumpet Daily airs live weekdays at 11 a.m. Central Time. You can watch the live video stream at theTrumpet.com/live.

The show is also available on your favorite podcast apps.

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About The Trumpet daily

The Trumpet Daily proves the Bible’s relevancy to your life. Trumpet executive editor Stephen Flurry hosts a show covering wide-ranging topics with an emphasis on world news.

Stephen Flurry is executive editor of the Philadelphia Trumpet newsmagazine and president of Herbert W. Armstrong College in Edmond, Oklahoma.

The Trumpet Daily airs live weekdays at 11 a.m. Central Time. You can watch the live video stream at theTrumpet.com/live.

The show is also available on your favorite podcast apps.