Latest / Worldview Matters With David Fiorazo / Britt Gillette: Bankers & Governments Lying About Coming Financial Crisis

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Britt Gillette: Bankers & Governments Lying About Coming Financial Crisis · Worldview Matters With David Fiorazo

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  Welcome to World View Matters, discussing controversial issues, discerning current events,
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  defending biblical Christianity.
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  No topic off limits.
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  And now, here's your host, David Fierazzo.
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  As best he can be, we've done a lot about transparency in terms of resolution planning.
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  It's all out there on the website.
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  But we want to think about, and what we're starting to work on now, is how to improve
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  transparency about our execution plans for Title II resolution.
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  We've been working on these for 10 years now, and we should probably be starting to
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  say more things publicly.
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  So what do we want to think about today is, what should we be transparent about now that
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  would help improve confidence in the event that we're called to use our Title II authorities?
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  And we've been thinking about this across many dimensions.
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  First, we look at who we need to be transparent for.
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  And what should we be transparent about now?
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  We're talking about bankers and our government and the FDIC, as you just heard from that
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  clip.
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  Title of today's podcast, by the way, welcome to World View Matters.
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  Our guest is Britt Gillette.
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  We'll get to him in a minute, but the titles for today, central bankers and governments
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  are lying about the coming financial crisis.
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  And of course, they're lying about the stability of the banking system.
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  So Britt exposed some amazing information that I thought was eye-opening.
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  We're going to talk about that.
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  But first, I want to mention next week, I'll be speaking in an Ashkosh, Wisconsin, at
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  Calvary Sunrise Church at 6.30 p.m. that's April 11.
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  So 6.30 p.m. will do a Q&A after I'm done speaking.
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  And I'll have my latest book there, of course, defending the biblical world view and responding
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  to the attacks on the word of God, on Christians, on the church.
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  So that's next Thursday, April 11.
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  In Ashkosh, there's a Facebook invite.
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  You can look that up.
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  And there will probably be some flyers flying around the internet.
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  So I want to introduce Britt Gillette.
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  You can go to the website end times, bibleproficy.com.
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  He's also got a sub-stack that he's going to share when I bring him on.
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  He's also at his Amazon page.
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  There's a box set of books, the end times bibleproficy, box set, a lot of great books.
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  And I want to direct you to his YouTube channel.
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  And that is ETBP, end times bibleproficy with Britt Gillette.
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  He's a writer and my goodness, he's been busy.
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  And he's also an apologist.
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  He writes a lot of books, inspirational books, and Christian nonfiction with emphasis on
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  bibleproficy.
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  Britt Gillette, welcome to World View Matters, brother.
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  Thanks for having me.
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  It's pleasure to be here.
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  Yeah, good to see you.
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  Now, mention that sub-stack before we get going.
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  Yes, it's just Britt Gillette.substack.com.
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  Okay, brand new, Britt Gillette.substack.com.
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  Okay, so we open with a clip that I stole from one of your videos, okay, I borrowed it.
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  Please don't steal.
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  But you just did a fascinating expose called They're Lying To You Be Prepared.
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  Tell us about the clip we just saw and just let's walk through this.
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  Sure.
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  So the clip that you just showed was from an FDIC meeting from November 2022.
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  You could call it more of like a war game exercise of how do the various government agencies
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  coordinate with each other in the event of a banking crisis?
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  And especially if you had a major bank go under similar to what we saw in the great financial
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  crisis when we had Lehman Brothers collapse and we had the contagion effect that took place
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  from that.
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  So the clip you saw was this one participant and she was saying, well, we need to figure
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  out who we need to be transparent to and when we need to be transparent to the, which
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  of course is sort of defeats the purpose of transparency.
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  It's really the definition of transparency.
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  So it's interesting there, they said this, they're right out in the open, they're saying
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  this, do they think that people just aren't paying attention?
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  Do they think most people won't watch this and think anything?
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  But just to ask the question, what should we be transparent about now, meaning there's
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  something that maybe they should wait to tell the American people or can you explain
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  that?
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  It's just astounding to me.
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  Yeah, well, I think this was in preparation for when the next crisis hit.
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  So again, this was November 2022.
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  We had a banking crisis emerge in March of 2023.
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  So we had Silicon Valley bank go under, we had signature bank, we had first republic
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  bank.
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  Those were the second, third and fourth largest bank failures in US history, even accounting
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  for inflation.
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  So the collective assets of those banks exceeded all the bank failures in 2008, put that in
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  perspective.
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  And so they're talking about what do we have to be transparent about because they don't
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  want to panic the public and have the crisis go completely out of control.
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  And so in 2023, when we had these, again, second, third and fourth largest bank failures
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  in US history, Janet Yellen, US Treasury Secretary, she went before Congress and said,
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  the banking system is sound.
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  Then about a month and a half ago, she went back before Congress in testimony and she
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  said, oh, I remember those.
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  Those days very well, I'll never forget.
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  We almost had a run on the banks and it would have spilled over into the global economy.
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  So they're lying to us for a number of reasons, but one of which is, I don't want to make
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  the situation worse and they don't want to have a run on banks because if people really
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  understand, really understood how the banking system works, well, we'd probably all go with
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  draw all of our cash today.
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  I say that as someone who has cash in the bank, but keep in mind, we all have this idea
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  in our minds that the banking system works the way it's supposed to work, the way we
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  saw in it's a wonderful life that we all go deposit a cash in the bank and then it gets
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  lent out to our neighbors so that they can buy homes and then they pay that back over time.
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  But in reality, if you, and this is on the Federal Reserve's website, during the pandemic,
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  reserve requirements for banks were lowered to zero percent, meaning they have to have,
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  they don't need to have reserves on hand.
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  Most people think, well, they've got, certainly they've got 10% of the cash deposit sitting
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  on hand in case people come to make withdrawals, no, they do not.
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  So it's really a fragile banking system and when you look at particularly what's happened
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  in the last two years when the Federal Reserve started hiking rates, what that did was when you
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  have interest rates go up, bond prices go down and the banks are sitting on massive amounts of
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  government bonds, government debt that they bought at low interest rates as well as mortgages
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  that were taken out at 3%. And now those are worth less than they were two years ago.
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  And so the banking system in the United States alone is sitting on over a half a trillion dollars
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  in unrealized losses. Now, those are just paper losses until people decide that they're going
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  to go get cash out of the bank, which is what happened at Silicon Valley Bank and signature bank
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  and first republished. And once that happens, they have to sell those bonds at a loss,
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  they have to sell those mortgages at a loss and the cash just isn't there.
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  So are we talking about something similar to what happened in what was it? 2008, 2009,
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  remember all the Fiasco with Dodd, Frank and everything? Is it worse? Is it where we're going to
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  see that again? What are your thoughts? Well, it's funny that that clip you showed when she
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  mentions title two, that's actually a reference to Dodd, Frank, which was passed after the great
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  financial crisis because everybody got up in arms over the big bailout of the banks and the
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  financial institutions. I said, this was wrong, taxpayers shouldn't have to bail this out,
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  make sure this never happens again. And so they said, okay, we're going to make sure that
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  the banks and their creditors, they pay the price for future bank failures. So instead of bailouts,
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  it's written into the law that there's something called bail-ins. And you might say, well,
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  it's a bail-in, well, a bail-in means exactly that. So if you have above the FDIC limit
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  in a bank, that's $250,000 as of today, then let's say you have a million dollars in there.
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  And the bank fails while $750,000 of that million goes to bail in the bank. And you get a little
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  piece of paper that says you have a, you know, partial ownership in that bank, but it's a bank
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  cropped worthless bank. That little piece of paper is going to be worth a whole lot less than
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  the $750,000 you had. Now many people listening might say, well, I'm going to have a million dollars
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  in the bank. Correct. But if you have a job or you know someone who does, their employer
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  might have a million dollars in the bank to make payroll. And if the bank fails and they can't
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  do that, that has a widespread effect on more than just that bank, but the economy is a whole.
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  And that's what we saw with Silicon Valley Bank. And they basically threw out all these rules.
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  And said, we're going to ensure everyone in the bank. And at the time, Senator Langford and Oklahoma
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  said, well, what if there's a regional bank in Oklahoma that fails? Are you going to bail them out?
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  And Janet Yellen's response was, well, we'll see. And so what that really means is we're going to
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  get together and we're going to figure out who's politically connected at the bank, right? That needs
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  to be bailed out. What are the greater effects this is going to cause some sort of contagion
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  toward other banks? And if not, then that bank will be allowed to fail and then have to be bailed in.
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  Bailed in, ladies and gentlemen, we're learning new terminology today. Thank you, Britt Gillette.
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  But I want to go back for those of us who are very simple like myself. What again, does FDIC
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  stand for? Is that some sort of insurance? What does that even mean?
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  Sure. It's called federal deposit insurance corporation. So this was established in the
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  aftermath of the Great Depression in order to give people peace of mind and putting
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  ash into banks. Because you had widespread bank failures during the Depression and people lost
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  everything that they had in those banks. So we had this FDIC limit. And it's insured up to that
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  amount. Keep in mind the amount they have is a fraction. It's maybe two and a half to three
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  percent of all the cash deposits in the United States. So if we had massive failures, FDIC
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  insurance isn't there to cover that. They'd simply have to print the cash. And I'm confident they
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  would do that. I'm not trying to scare anybody and say if you have less than $250,000, you have to
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  worry about that. But you might have to worry about the purchasing power of those dollars because
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  they'd simply print the dollars. No politician would allow widespread people to lose their
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  cash deposits. But another thing to keep in mind is that under Dodd Frank, the FDIC has three to
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  five years to settle the accounts from the failed bank, which includes providing FDIC insurance
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  coverage. Now again, I'm not saying that that would happen. Typically in the past, when these
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  things have happened, it hasn't been a long time. It's sometimes the following Monday you have access
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  to whatever cash you had in that bank. But what I'm saying is the law says it can be as long as three
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  to five years. So that's just something to keep in mind as we go into this time where I think we're
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  actually headed back toward this crisis because a lot of the measures that were taken in the aftermath
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  of the banking crisis last year and the midst of the banking crisis last year, they've come to an end.
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  So one of those was this program called the bank term funding program that lent cash to troubled
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  banks. And that was tapped to the tune of over $150 billion by troubled banks. Well, that has to
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  start being paid back now. That program ended March 11th by April 4th, $79 billion of that plus
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  interest is due back from those troubled banks. And interest rates are actually slightly higher now
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  than they were a year ago. So all of those mortgages and bond holdings that were unrealized losses
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  are worse now. So we're heading into a potential situation where we're going to see
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  maybe some cascading bank failures and they've told us what they're going to do
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  in the event of all of this. And they're lying. As you pointed out in one of your recent videos,
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  they have been, they are in order to kind of prep us because they're well, how did you put it?
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  Oh, yeah, as you said, where a couple years ago, officials revealed exactly what they plan to do
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  in the next financial crisis. And then you said, hint, hint, they plan to lie to us. So we've got
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  a lot more coming up with Britt Gillette. We'll be right back on World View Matters.
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  Friends, if you're listening to our show via audio podcasts, please help us out by leaving a
• 14:56
  five star review. It helps the show rise in the rankings. And if you're interested in sponsoring
• 15:02
  World View Matters, send us an email. World View Matters at FPEUSA.org send us an email.
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  Producer will get right back to you. So Britt Gillette, look up his Amazon page and
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  get any of his books guys. He's got a, like I said, he's got a box set. And you don't want to go
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  without, if you're not already connected and subscribed his YouTube channel, ETBP with Britt Gillette,
• 15:29
  look that up. And you can watch these. By the way, Britt, how many of these do you put out weekly?
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  Don't you do several? Yes, typically Monday, Wednesday, Friday. Okay.
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  How do you find the time to research all this and then do the videos, then start preparing for the
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  next ones? Well, it's a lot of hard work in a very understanding way. Yeah. Wow. Yeah, really.
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  By the way, you're in Virginia. You've lived there all your life, which is very, I find that to be
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  very rare. But what a blessing that must be. Probably have a great community, a Christian community
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  around you and the support there. Just tell us a little bit about your background growing up there.
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  Well, let's see if for those who are familiar with the area, I was born in Port Smith and grew up
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  in Chesapeake, Virginia. Then I went to James Madison University, which is more in the western part
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  of the state. And now we're in Smithfield, Virginia, which is home of Smithfield foods. Many people
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  have probably heard of that in the Smithfield food products. So this might be a question that might
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  seem to be out of left field. But I think when I think future, when I think what's happening in
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  our world and your perspective is writing from a prophetic angle, the mark of the beast, we always
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  see in Revelation 13. They've been talking about that. We've reading about that for so long. And
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  we've heard sermons on it. We've heard warnings. We've heard. But now we're seeing interesting
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  signs that we're getting close. We're really getting close to that. How does that or whether it's
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  the mark of the beast cashless? How does any of this relate to banking and prophecy?
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  Well, I think it's extremely relevant to what we just talked about. So for instance,
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  many people have pointed out when the mark of the beast comes at the midpoint of the tribulation,
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  it's not just going to appear out of nowhere. The anti-christ, the false prophet aren't going to decide
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  what we need to figure out a way to do this. What they're going to do is flip a switch on something
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  that already exists. So the groundwork, the foundation for that system is being built right now.
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  We see this in central bank digital currencies and the tokenization of assets and countries
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  all over the world. They're testing this right now. They're 98% of the countries in the world
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  are in the process of either exploring this or testing this, running pilot programs, or they've
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  actually launched central bank digital currency. When we talk about that, that is not the mark of the
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  beast. However, it is indistinguishable in function from the mark of the beast and that you could
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  program this currency in such a way that you could turn it off to whoever you wanted a specific
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  individual. So for instance, if you made a social media post that the government didn't like,
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  they could say, well, you can't spend any hash outside of one mile of your home and they
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  effectively put you under house arrest. So there's all sorts of things they could do to manipulate
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  that currency and how it ties into what we just talked about is, I believe there is a major
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  financial crisis coming. This isn't just a problem with banks in the United States. It's a global
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  issue. And when we, when this finally erupts, it's going to cause a large scale catastrophe,
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  similar to the Great Depression, much more severe than what we saw in the Great Financial Crisis
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  2008, 2009. And I believe that they're going to roll out as a result of that these central bank
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  digital currencies and they're going to say, well, this is the solution because we need a 21st
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  century bank regulation in a 21st century world. So what what we saw last year was they said,
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  well, these bank runs, people are making bank runs on their phones. And so we need, you know,
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  we need to catch up with with the times. And this would give us insight that will actually use
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  the surveillance capability of central bank digital currencies as a selling point. As for instance,
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  I pointed out back in the Great Financial Crisis, everybody remembers Bernie Madoff ran the
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  sponsor scheme that ruined people's lives. With central bank digital currency regulators would
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  have known, oh, people sent their currency to be Bernie Madoff, but he didn't buy any investments
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  with them. He bought a yacht and he bought a home in Paris, you know, and all of, all of these
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  different things. And so they would know that that's, you know, what he was doing, that it was a
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  fraud. And so that's a selling point that they'll use for this. But I believe they'll roll this out,
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  as isn't it, as an example of the lying they're doing earlier this month, Jerome Powell went before
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  the Senate banking committee. And he was asked specifically about central bank digital currency. And he
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  said, we're not even thinking about it, which is an outright lie because Joe Biden issued an
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  executive order in the spring of 2022, commanding them to think about it and saying, I want you to
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  develop plans for this. The New York Federal Reserve System in November 2022 rolled out a program
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  for wholesale CBDC among banks for banks to make transactions among each other. Earlier this week,
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  they announced the swift system has been successfully running tests of central bank digital currency.
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  And that's basically the system that the United States oversees for trading among the world's
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  largest banks. It's like 11,000 financial institutions in the world are connected to the swift
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  system. If you remember when Russian invaded Ukraine, that was one of the first sanctions.
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  As you're cut off from the swift system, therefore you're effectively cut off from the global
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  financial system. So they're already implementing central bank digital currency into that.
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  So it's just an outright lie to say that they aren't even thinking about it. They're planning it.
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  And they plan to roll it out. They just need the crisis to be able to do that and that crisis
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  is coming. It is. And it's fascinating that you think about these video clips in your video that
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  you did and what we just started. They're trying to decide what should we be transparent about now.
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  I mean, and then let's back up for a minute, Brit. God's in control. He's sovereign.
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  We are reminded to seek first the kingdom of God and his righteousness. All these things will be
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  added to us. We're reminded that my God supplies all that we need according to his riches and glory.
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  He is our provider, not the earth's economy. And yet we do need money to
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  use here while we're on this earth temporarily. And it's it's man, it's getting closer. But I want to ask you
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  any insight about what happened during COVID and how they made some advances on where they could,
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  hey, we can get control here or we can make them do this or rely on, you know, us here. So any insights
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  when it comes to the banks and what it comes to digital currencies or that you can tell us that
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  maybe what happened during COVID. Well, I think it showed how much of the population will simply go
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  along with what they're told to do. Yeah. And you know, it's it you look at a number of things
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  happen then at that time. They had a shortage of change. You remember that and they started saying,
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  well, we can't we can't even take cash at the grocery store because we don't have change.
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  People just went along with a lot of these different edicts that were given. And so
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  one of the things that they're doing alongside of creating these central bank digital currencies is
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  if you've noticed, they're trying to get rid of cash. So it used to be we had much larger
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  denomination bills of cash than $100 bills. That's the largest we have in circulation today.
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  But $100 doesn't purchase what it did 10 years ago, much less 50 or 100 years ago. And they're
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  doing this all around the world in Europe. If you spend more than a thousand dollar a thousand
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  euros in cash, that's considered a criminal offense now. And so they're even in Israel. They're
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  implementing those types of things and the the idea behind it is, well, this targets criminals and
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  money laundering organizations. But it pushes you into using the digital. And several banks in
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  Australia have gone completely cashless. And so what happens when you're a business
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  and your bank goes cashless? Well, if you accept cash from your customers, that means you're
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  keeping all that cash around you and thieves know that. So you're going to be compelled to go
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  cashless yourself. And if everywhere as a customer that you're doing business is cashless,
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  your bank becomes cashless, then most people are going to simply say, well, I guess I have to go
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  cashless and they're going to go along with it. And those of us that hold out while we'll be
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  forced to eventually because we'll be such a minority. Similar as we saw with COVID, the pressure
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  will be applied. They start with the it's all this is all about incentives. They'll start with the
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  carrot. Oh, go and do this and you can get a free cheeseburger and fries. But if you don't do this,
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  well, here's the things we're going to do to you. So all of that is coming with this as well.
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  It's just a matter of time, but we need to, you know, stand for righteousness and stand against
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  these things the best we can. Yes, we are here for such a time as this. Our great, great grandparents
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  never would have imagined, right? Of course, that was before the internet and everything else.
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  That was BC before COVID. Bridgillette went by fast, but man, fascinating topic. And again,
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  we don't do this friends and family in Christ to scare you. We'd get nothing out of that. We were
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  just trying to make you aware. And as you said in your video, prepare do what you can just be aware
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  of what's happening. And don't put it past them because they're already lying and they will lie
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  again. Your sub stack again, Brit Gillette dot sub stack dot com. That's new. Go to your go to his
• 26:23
  YouTube channel. Brother, thanks. This was great. I appreciate it. Good having you on world view
• 26:26
  matters. Thanks. It was a pleasure being here. Thanks for having me. Yep. Lord willing. We'll do it
• 26:31
  again. Yeah, friends, we have all kinds of different topics that we cover on this podcast. We're
• 26:37
  very fortunate to talk to what I consider experts, men and women of God who have some are specialized,
• 26:44
  some are just very, very biblically astute and can just prepare the body of Christ because many of
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  us in some churches have not been equipped by our pastors. So we need to share these types of
• 26:56
  shows. And again, not to scare you, but just to say, Hey, this is the world system. What would we
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  expect the last days to look like? Right? Well, thank you again for sharing the podcast. God bless you.
• 27:08
  And as always, keep speaking the truth about things that matter.