When The Towers Fall

Ever hear these expressions?

Mountains of cash

Hills of money

Rivers of debt

Stream of wealth

Isaiah 30:25

(KJV) And there shall be (H1961) upon every high (H1364) mountain (H2022 – country/nation), and upon every high (H5375) hill (H1389), rivers (H6388) and streams (H2988) of waters (H4325) in the day (H3117) of the great (H7228) slaughter (H2027), when the towers (H4026) fall.

*H1961 – היה – hâyâh – haw-yaw’ – A primitive root (compare H1933); to exist, that is, be or becomecome to pass (always emphatic, and not a mere copula or auxiliary) KJV Usage: beacon, X altogether, be (-come, accomplished, committed, like), break, cause, come (to pass), continue, do, faint, fall, + follow, happen, X have, last, pertain, quit (one-) self, require, X use.

*H1364 – גּבוהּ גּבהּ – gâbôhha gâbôhha – gaw-bo’-ah,gaw-bo’-ah – From H1361elevated (or elated), powerfularrogant. KJV Usage: haughty, height, high (-er), lofty, proud, X exceeding proudly.

>H1361 – גּבהּ – gâbahh – gaw-bah’ – A primitive root; to soar, that is, be lofty; figuratively to be haughty. KJV Usage: exalt, be haughty, be (make) high (-er), lift up, mount up, be proud, raise up great height, upward.

*H2022 – הר – har – har – A shortened form of H2042; a mountain or range of hills (sometimes used figuratively) KJV Usage: hill (country), mount (-ain), X promotion.

>H2042 – הרר – hârâr – haw-rawr’ – From an unused root meaning to loom up; a mountain. KJV Usage: hill, mount (-ain).

*H5375 – נסה נשׂא – nâśâ’ nâsâh – naw-saw’,naw-saw’ – A primitive root; to lift, in a great variety of applications, literally and figuratively, absolutely and relatively. KJV Usage: accept, advance, arise, (able to, [armour], suffer to) bear (-er, up), bring (forth), burn, carry (away), cast, contain, desire, ease, exact, exalt (self), extol, fetch, forgive, furnish, further, give, go on, help, high, hold up, honourable (+ man), lade, lay, lift (self) up, lofty, marry, magnify, X needs, obtain, pardon, raise (up), receive, regard, respect, set (up), spare, stir up, + swear, take (away, up), X utterly, wear, yield.

*H1389 – גּבעה – gib‛âh – ghib-aw’ – Feminine from the same as H1387; a hillock. KJV Usage: hill, little hill.

>H1387 – גּבע – geba‛ – gheh’-bah – From the same as H1375, a hillockGeba, a place in Palestine. KJV Usage: Gaba, Geba, Gibeah.

>>H1375 – – ביע – ge bı̂ya‛ – gheb-ee’-ah – From an unused root (meaning to be convex); a goblet; by analogy the calyx of a flower. KJV Usage: house, cup, pot.

*H6388 – – פּלג – peleg – peh’-leg – From H6385; a rill (that is, small channel of water, as in irrigation) KJV Usage: river, stream.

>H6385 – פּלג – pâlag – paw-lag’ – A primitive root; to split (literally or figuratively) KJV Usage: divide.

*H2988 – יבל – yâbâl – yaw-bawl – From H2986; a stream. KJV Usage: [water-] course, stream.

>H2986 – יבל – yâbal – yaw-bal’ – A primitive root; properly to flow; causatively to bring (especially with pomp) KJV Usage: bring (forth), carry, lead (forth).

*H4325 – מים – mayim – mah’-yim – Dual of a primitive noun (but used in a singular sense); water; figuratively juice; by euphemism urinesemen. KJV Usage: + piss, wasting, water (-ing, [-course, -flood, -spring]).

*H7228 – רב – rab – rab – By contraction from H7231abundant (in quantity, size, age, number, rank, quality) KJV Usage: (in) abound (-undance, -ant, -antly), captain, elder, enough, exceedingly, full, great (-ly, man, one), increase, long (enough, [time]), (do, have) many (-ifold, things, a time), ([ship-]) master, mighty, more, (too, very) much, multiply (-tude), officer, often [-times], plenteous, populous, prince, process [of time], suffice (-ient).

>H7231 – רבב – râbab – raw-bab’ – A primitive root; properly to cast together (compare H7241), that is, increase, especially in number; also (as denominative from H7233) to multiply by the myriad. KJV Usage: increase, be many (-ifold), be more, multiply, ten thousands.

*H2027 – הרג – hereg – heh’-reg – From H2026slaughter. KJV Usage: be slain, slaughter.

>H2026 – הרג – hârag – haw-rag’ – A primitive root; to smite with deadly intent. KJV Usage: destroy, out of hand, kill, murder (-er), put to [death], make [slaughter], slay (-er), X surely.

*H4026 – מגדּלה מגדּל – migdâl migdâlâh – mig-dawl’,mig-daw-law’ –
From H1431; a tower (from its size or height); by analogy a rostrum; figuratively a (pyramidal) bed of flowers. KJV Usage: castle, flower, pulpit, tower.

>H1431 – גּדל – gâdal – gaw-dal’ – A primitive root; properly to twist (compare H1434), that is, to be (causatively makelarge (in various senses, as in body, mind, estate or honor, also in pride) KJV Usage: advance, boast, bring up, exceed, excellent, be (-come, do, give, make, wax), great (-er, come to . . estate, + things), grow (up), increase, lift up, magnify (-ifical), be much set by, nourish (up), pass, promote, proudly [spoken], tower.

*H5307 – נפל – nâphal – naw-fal’ – A primitive root; to fall, in a great variety of applications (intransitively or causatively, literally or figuratively) KJV Usage: be accepted, cast (down, self, [lots], out), cease, die, divide (by lot), (let) fail, (cause to, let, make, ready to) fall (away, down, -en, -ing), fell (-ing), fugitive, have [inheritamce], inferior, be judged [by mistake for H6419], lay (along), (cause to) lie down, light (down), be (X hast) lost, lying, overthrow, overwhelm, perish, present (-ed, -ing), (make to) rot, slay, smite out, X surely, throw down.

****

Monday, March 13, 2023

From 1440 Daily Digest:

Bank Run Fallout

US federal regulators announced emergency measures yesterday to protect depositors following the collapse of Silicon Valley Bank last week. Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, and Federal Deposit Insurance Corp. Chair Martin Gruenberg stated depositors will have access to all money today and taxpayers will not be responsible.   In addition, the Fed will provide supplemental funding to banks through a new Bank Term Funding Program, which will provide loans of up to one year. Shareholders and some unsecured creditors won’t be protected by the program. The regulators also announced that depositors at Signature Bank, which closed Sunday, will have access to their deposits.   California-based SVB was shut down Friday by the FDIC following an announcement last week it had sold roughly $21B in securities at a $1.8B loss, and was seeking to raise $2.25B in capital. Depositors began withdrawing their money on fears of the bank’s solvency, also known as a bank run (see 101).   Separately, SVB CEO Greg Becker sold $3.6M of company stock under a trading plan less than two weeks before the bank disclosed the losses.

****

The day before (03/12/23)…

Regulators Announce Closure of NY’s Signature Bank, Which Held Significant Crypto Stakes

From the article:

U.S. regulators on Sunday announced they were intervening to close Signature Bank, marking the second U.S. bank to fail days apart and the third-largest bank failure in U.S. history.

The bank has been placed into receivership under the Fed’s emergency lending authority, the Federal Deposit Insurance Corporation (FDIC).

According to a December 2022 securities filing, N.Y.-based Signature Bank held more than $110 billion in assets and some of the biggest stakes among banks in the nation in the cryptocurrency industry.

The bank said at the time that it would be shrinking its $17.79 billion in crypto-related deposits by $8 billion to reduce risk in “a challenging cryptocurrency environment.”

The bank had client offices in New York, Connecticut, California, Nevada, and North Carolina, and had eight business lines beyond digital asset banking, including commercial real estate. Its clients among crypto companies included USDC stablecoin issuer Circle, the crypto exchange Coinbase, and the funds transfer network for cryptocurrency settlements and payments Fireblocks….

****

Billionaire Investor Ken Griffin Warns US Capitalism ‘Breaking Down’

From the article:

Ken Griffin, the founder of hedge fund Citadel, said the rescue of Silicon Valley Bank shows the U.S. economic system is “breaking down before our eyes.”

“The U.S. is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Griffin warned when speaking with the Financial Times on Monday after federal agencies said that they would protect SVB depositors, including ones that have $250,000, or above those above the federal insurance limit. Reports said that over 90 percent of SVB’s deposits were uninsured.

“There’s been a loss of financial discipline with the government bailing out depositors in full,” the billionaire added.

Late last week, U.S. regulators shut down SVB after customers withdrew their deposits en masse. Later, the Federal Deposit Insurance Corporation (FDIC) transferred all deposits of Silicon Valley Bank to a newly created entity and ensured that all depositors had access to their funds starting Monday.

Because of the relative strength of the U.S. economy, Griffin argued that the federal government did not need to take such dramatic action. Regulators said such moves were made to prevent broader contagion from afflicting the U.S. banking sector.

“It would have been a great lesson in moral hazard,” he said. “Losses to depositors would have been immaterial, and it would have driven home the point that risk management is essential.”…

****

Goldman Sachs Cuts GDP Forecast, Warns of Economic Hit From Bank Rout

From the article:

Goldman Sachs Group (GSG) slashed its U.S. GDP forecast and warned of an economic hit from recent bank failures.

The investment bank raised its estimate of the odds of an American recession on March 15, to 35 percent over the next 12 months due to increased concern over the economic impact of stress in the banking sector.

GSG warned of a cascade of effects throughout the economy in the aftermath of the collapse of Silicon Valley Bank and Signature Bank last week, the second- and third-largest bank failures in the U.S. history, respectively, only behind the collapse of Washington Mutual in 2008 during the during the financial crisis.

Economists led by Goldman’s chief economist, Jan Hatzius, raised GSG’s predictions of a slump from its previous estimate of 25 percent after the collapse of SVB.

However, the new estimate is still below the 60 percent average, according to economists surveyed by Bloomberg.

GSG’s U.S. economic growth indicators still remain positive, with its business growth measures averaging at 52 in February, just above the 50-point line of negative activity, wrote Hatzius.

Hatzius cut Goldman’s 2023 GDP forecast by 0.3 percent, and is now looking at full-year GDP growth of 1.2 percent.

“The macroeconomic impact of a pullback in lending will remain highly uncertain until the extent of the stress on the banking system becomes clear,” said Hatzius.

Federal Regulators Try to Reassure Banking Sector…

****

They were bailed out in 2008!

But in 2009…

Goldman Sachs pays off bailout bill

Did they learn a thing of two?

From the 1440 Daily Digest:

Yellen Reassures Banks

US Treasury Secretary Janet Yellen expressed confidence in the US financial system in a speech yesterday, saying regulators are ready to further support troubled banks if the need arises. The speech came amid the worst banking crisis since 2008, with failures at several midsized banks and stock volatility across the industry.   Elevated interest rates have placed pressure on some banks with investments in devalued long-term bonds, forcing them to sell those bonds at a loss to shore up cash for customer withdrawals. After Silicon Valley Bank and Signature Bank failed earlier this month, regulators set up an emergency program where banks facing similar cash crunches could borrow to keep money available for customers without needing to sell holdings at a loss (see 101).    The Federal Open Markets Committee is expected to raise the federal funds rate another quarter percentage point as its two-day meeting concludes today, though analysts observed it will need to reassure investors concerned over banking Yellen Reassures Banksstrains. 

****

Yellen says bank situation stabilizing, different from 2008

The Same Old Song and dance?!?!

{See main menu.}

There was the S&L Scandel of 1989.

The National Debt in 1989 was 2.85 Trillion.

There was the 2008 Wall Street bailout.

The National Debt in 2008 was 10.025 Trillion.

And now the guaranteed deposits over the FDIC max!

Just another bailout?!?!

Current National Debt is 31.6 Trillion and on steroids!

Who is going to pay the Piper?

{See “Paying The Pipers” in main menu.}

Isaiah 24

KJV(i) 1 Behold, the LORD maketh the earth empty, and maketh it waste, and turneth it upside down, and scattereth abroad the inhabitants thereof. 2 And it shall be, as with the people, so with the priest; as with the servant, so with his master; as with the maid, so with her mistress; as with the buyer, so with the seller; as with the lender, so with the borrower; as with the taker of usury, so with the giver of usury to him. 3 The land shall be utterly emptied, and utterly spoiled: for the LORD hath spoken this word. 4 The earth mourneth and fadeth away, the world languisheth and fadeth away, the haughty people of the earth do languish. 5 The earth also is defiled under the inhabitants thereof; because they have transgressed the laws, changed the ordinance, broken the everlasting covenant

6 Therefore hath the curse devoured the earth, and they that dwell therein are desolate: therefore the inhabitants of the earth are burned, and few men left. 7 The new wine mourneth, the vine languisheth, all the merryhearted do sigh. 8 The mirth of tabrets ceaseth, the noise of them that rejoice endeth, the joy of the harp ceaseth. 9 They shall not drink wine with a song; strong drink shall be bitter to them that drink it. 10 The city of confusion is broken down: every house is shut up, that no man may come in. 11 There is a crying for wine in the streets; all joy is darkened, the mirth of the land is gone. 12 In the city is left desolation, and the gate is smitten with destruction. 13 When thus it shall be in the midst of the land among the people, there shall be as the shaking of an olive tree, and as the gleaning grapes when the vintage is done. 14 They shall lift up their voice, they shall sing for the majesty of the LORD, they shall cry aloud from the sea. 15 Wherefore glorify ye the LORD in the fires, even the name of the LORD God of Israel in the isles of the sea. 16 From the uttermost part of the earth have we heard songs, even glory to the righteous. But I said, My leanness, my leanness, woe unto me! the treacherous dealers have dealt treacherously; yea, the treacherous dealers have dealt very treacherously

17 Fear, and the pit, and the snare, are upon thee, O inhabitant of the earth. 18 And it shall come to pass, that he who fleeth from the noise of the fear shall fall into the pit; and he that cometh up out of the midst of the pit shall be taken in the snare: for the windows from on high are open, and the foundations of the earth do shake. 19 The earth is utterly broken down, the earth is clean dissolved, the earth is moved exceedingly. 20 The earth shall reel to and fro like a drunkard, and shall be removed like a cottage; and the transgression thereof shall be heavy upon it; and it shall fall, and not rise again. 21 And it shall come to pass in that day, that the LORD shall punish the host of the high ones that are on high, and the kings of the earth upon the earth. 22 And they shall be gathered together, as prisoners are gathered in the pit, and shall be shut up in the prison, and after many days shall they be visited. 23 Then the moon shall be confounded, and the sun ashamed, when the LORD of hosts shall reign in mount Zion, and in Jerusalem, and before his ancients gloriously.

Come out of Baylon for her judgement is near!

LOLGB+

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