TRUNEWS with Rick Wiles - Go Woke, Go Broke: Loonie Lefties Crashed SVB Pursuing LGBTQ+ Agenda

Episode Date: March 14, 2023

Another banking crisis has struck the USA. Federal authorities seized multiple banks on Friday and during the weekend. The most prominent of the bank failures was Silicon Valley Bank. It required a ma...ssive government bailout over the weekend to prevent market chaos on Monday morning. What were SVB executives doing prior to the crash? They were mismanaging the bank while, at the same time, throwing vast sums of bank money to leftist organizations and start-up corporations that were pushing woke policies and agenda goals. Despite Silicon Valley Bank's failure, the bank's executive leadership has spent considerable time spearheading multiple woke initiatives. They focused on issues including climate change, LGBTQ+ rights, and Environmental, Social, and Governance policies (ESG). One of the executives that led SVB's woke agenda was Jay Ersapah, who is the head of financial risk management for Europe, Africa, and the Middle East. She organized a series of initiatives, including a month-long Pride campaign and implemented 'safe space' catch-ups for staff. She was listed as a top 100 LGTBQ Future Leader by Professional network Outstanding, and her bio states that she is an ally of the gay rights charity Stonewall.According to the Professional network Outstanding website, she is an 'associate of gay rights charity Stonewall and was instrumental in initiating the bank's first-ever global "safe space catch-up." She has been a key leader in SVB's LGBTQ+ employee resource groups and has authored numerous articles on sexual harassment and gender identity. During her time at SVB, she spearheaded the bank's efforts to promote LGBT+ and was involved in launching the bank's first global LGBTQ+ "safe space" and "coming out stories" program. We've got plenty to share with you on today's edition of TruNews!Rick Wiles, Doc Burkhart. Airdate 3/13/23You can partner with us by visiting TruNews.com/donate, calling 1-800-576-2116, or by mail at PO Box 690069 Vero Beach, FL 32969.The Fauci Elf is a hilarious gift guaranteed to make your friends laugh! Order yours today! https://tru.news/faucielfIt’s the Final Day! The day Jesus Christ bursts into our dimension of time, space, and matter. You can order the second edition of Rick’s book, Final Day. https://www.rickwiles.com/final-day

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Starting point is 00:00:00 You have been listening to True News with Rick Wiles. Thank you for listening. To find out more information regarding the broadcast, including prayer and financial support, please visit our website at www.truenews.com. Our mailing address for all correspondence is True News, PO Box 690069, Vero Beach, Florida 32969. This is True News.
Starting point is 00:00:40 The truth, the whole truth, and nothing but the truth. So help us God. Another banking crisis has struck the USA. Multiple banks were seized by federal authorities on Friday and throughout the weekend. The most prominent of the bank failures was Silicon Valley Bank. It required a massive government bailout over the weekend to prevent market chaos on Monday morning. What were SVB executives doing prior to the crash? They were mismanaging the bank while at the same time throwing vast sums of bank money to leftist organizations and startup corporations that were pushing woke policies and agenda goals. Despite Silicon Valley Bank's failure, the bank's executive leadership
Starting point is 00:01:27 has spent considerable time spearheading multiple woke initiatives. They focused on initiatives including climate change, LGBTQ plus rights, and environmental, social, and governance policies. One of the executives that led SVB's woke agenda was Jay Urzapal, who is the head, listen to this, of financial risk management for Europe, Africa, and the Middle East. She organized a series of initiatives, including a month-long pride campaign and implemented safe space catch-ups for staff. She was listed as a top 100 LGBTQ future leader by Professional Network Outstanding, and her bio states that she is an ally of gay rights charity Stonewall. According to the website of the professional network Outstanding,
Starting point is 00:02:31 she is an associate of gay rights charity Stonewall and was instrumental in initiating the bank's first ever global safe space catch-up. She has been a key leader in the bank's gay rights employee resource groups and has authored numerous articles on sexual harassment and gender identity. During her time at the bank, she spearheaded the bank's efforts to promote the agenda and has been involved in a number of other leftist organizations, including creating safe spaces for coming out stories program. All that going on while the bank was going broke. Doc Burkhart and I have plenty to share with you today. Let's begin by looking at video of worried SVP customers lined up at his Menlo Park, California branch office last Friday to withdraw their money.
Starting point is 00:03:36 This was a familiar scene at a lot of Silicon Valley banks around the country, Rick, and several other banks that we'll be talking about here later in the program as well. So bank lines, Rick, can you imagine? We've only been talking about it for 25 years. Well, we haven't seen it here for a while, Doc, since the 2008 crash. We had a series of bank crashes there. But here we are again. I thought we were told that Barney Frank solved the banking crisis. And yet Barney Frank himself was actually a board member of one of the banks
Starting point is 00:04:15 that was failed over the weekend. So we'll take a look at, this is a Wall Street Journal, routing bank stocks despite emergency measures. So this is First Republic leads the route. So throughout the whole day, particularly regional banks struggled to maintain their share prices. First Republic, by the end of the day today, they were down 50% on their stock. But you know what was really strange?
Starting point is 00:04:47 Throughout most of the day, except for the very last hour, stock market was up in the green most of the day. And Bitcoin was also up, way up. It's 24,000 today. And so bad news is good news for some, I guess. Financial Times is also talking about First Republic Bank. They were another one that had lines over the weekend. First Republic and other U.S. regional banks tumble over fears of deposit flight.
Starting point is 00:05:16 Shares in First Republic and several other U.S. regional banks tumbled on Monday as investors worried that the weekend actions of the Federal Reserve and the Treasury were not sufficient enough to stem deposit outflows. Now, first, Republic stock fell 75 percent, recovered back to 50, while Arizona-headquartered Western Alliance Bank was down 80 percent. Trading in shares in both banks was halted because of volatility. PacWest shares halved and Zions dropped more than a quarter. Charles Schwab, that used to be the name of the bank out there, the retail broker that also operates a bank subsidiary, fell 8.5%. Investors dumped the stocks even after the Fed and Treasury boosted lenders' access to quick cash following the government takeovers of Silicon Valley Bank and Signature Bank.
Starting point is 00:06:06 Now, the sell-off continued despite a pledge from U.S. President Joe Biden to do whatever is needed to protect bank deposits as he sought to reassure Americans their money was safe. So they've invented a new word this weekend, Rick. It's called a backstop for the bank, which I think can probably translate to a backdoor bailout. It's stealth easing, quantitative easing.
Starting point is 00:06:34 It's by stealth. We're back into quantitative easing. The Federal Reserve is printing money again. They're going to flood the market with more money to cover the losses of these banks. Doc, why do you think investors today with the smaller banks, the regional banks, why do you think that they were selling off their shares and not trusting Joe Biden and Secretary Yellen and the Federal Reserve. Because they saw the same things with the regional banks that were happening with SVB and Signature, that they had heavily invested in government bonds. Government
Starting point is 00:07:13 bonds are only paying 3%, but inflation's 7%, 8%. And so it's losing value every single day. They can't get rid of the bonds. That's right. And so they're sitting on assets that are diminishing in value moment by moment. And so investors are going, okay, I've got to find someplace else to put my money. Because investors, the number one rule for investing, Rick,
Starting point is 00:07:40 is make money. But it means that they don't believe that the regional banks are strong enough to survive this storm and that eventually the government will run out of money to bail out banks. Right. And then decide, just let the regional banks fail and let the super banks, the top five or six banks, let them be it. And then ultimately one bank. Isn't it interesting that this is happening at the same time the Federal Reserve is scheming to bring out a CBDC? Yes. So if you have a giant banking crisis and the banking system collapses and the money system fails,
Starting point is 00:08:22 the Federal Reserve comes along and says, don't worry. We have a new currency, the central bank digital dollar. And yeah, all those paper dollars are worthless now, but we're just going to implement this new central bank digital dollar. And oh, by the way, all the banks failed too, but that's okay because we don't need them anymore. We're just going to have the Federal Reserve. And as we told in our story last week, the CBDCs, they've already been testing them. 18 central banks around the world did a 12-week test on CBDCs. They're ready to roll this out. They're looking for the opportunity to do so. You mentioned the term backstop, and so that's in the headline of Bloomberg. Fed's new backstop shields banks from $300 billion of losses.
Starting point is 00:09:15 So U.S. authorities took extraordinary measures to assure confidence in the financial system after the collapse of Silicon Valley Bank, introducing a new backstop for banks that Federal Reserve officials said was big enough to protect the entire nation's deposits. The Sunday announcement by the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation followed a frantic weekend that saw the surprise closure of New York's signature bank, along with mounting concerns about spillover effects to other regional lenders and the wider economy. Now, regulators acted on a number of fronts to contain the potential fallout. First of all, the FDIC said it will resolve SVB, Silicon Valley Bank,
Starting point is 00:09:59 in a way that fully protects all depositors. Similarly, all depositors at signature will be made whole as well. Doc, so the FDIC only insures deposits up to $250,000. Yes. And yet somehow over the weekend all the depositors
Starting point is 00:10:17 are covered. I'm glad you caught that because I saw that earlier today. I was like, I'm missing something here. Where did the FDIC suddenly get all these billions of dollars? Federal Reserve. I mean, they just make more. So the next bank that goes under, will the depositors only be insured up to $250,000? Or is the FDIC going to come up with magic money?
Starting point is 00:10:43 And if this program had been in place a week ago, would Silicon Valley and Signature had failed? So that's the question. Now, the Fed also announced a new bank term funding program that offers one-year loans to banks under easier terms than it typically provides. $25 billion is available. So they get discount money from the Fed too, Rick. The central bank relaxed terms for lending through its discount window, its main direct lending facility. Now, this is a new program. And under the new U.S. program, which provides loans of up to one year, collateral will be valued at par or 100 cents on the dollar. That means banks can get bigger loans than usual for bonds,
Starting point is 00:11:26 reducing the pressure to generate cash by selling securities whose prices have tumbled. So they're going to try to release this money to buy more bonds when the value of bonds is diminishing. Think about that. Think about it. So the banks, the smaller banks are in trouble because their assets have devalued
Starting point is 00:11:46 and the Federal Reserve said, the solution is we're going to make it easier for you to borrow more money and go deeper into debt. Because that's what they're doing. They're taking the smaller banks deeper into debt. They're putting a patch on this crisis. I know a lot of people today were saying they fixed it. Joe Biden and Secretary Yellen, they fixed it over the weekend. The crisis is over. Well, this is Monday. Check back with me on Friday. This is only Monday.
Starting point is 00:12:25 That's right. Now, there were some concerns, and there should be, that the taxpayer could now be on the hook for covering losses suffered by banks and that questionable management and investments were now being protected by the government. Yes, no kidding. Banks, for example, can now limit accepting losses or selling assets given they have access to easier funding. U.S. banks were sitting on more than $300 billion of losses on securities they plan to hold to
Starting point is 00:12:51 maturity to the end of 2022. Now, on March 8th, SVB's parent company, SVB Financial Group, revealed it had sold $21 billion of securities from its portfolio at a loss of $1.8 billion. So it gives you an idea of how steep this loss is. The Fed's new safety net may have helped it avoid doing so. Okay, so Doc, you mentioned the backstop bailout fund. It's actually been around for some time. This is at the U.S. Treasury Department. I'm going to show you the website of the stabilization. It's called Exchange Stabilization Fund at the U.S. Treasury. That's the website right there. So what is the fund made of?
Starting point is 00:13:39 It's made of U.S. dollars, foreign currencies, and SDRs, special drawing rights, Rick. We've got to throw those in. And also if you read down here, it says that this fund is also used. There it is in the first paragraph. The Exchange Stabilization Fund can be used to purchase or sell foreign currencies to hold U.S. foreign exchange and special drawing rights assets. Now, listen to this. And to provide financing to foreign governments.
Starting point is 00:14:11 Right. Now, the one person who can make a decision on this is the Secretary of the Treasury. The only person. And that's Janet Yellen. So I'll tell you how this went down over the weekend, Rick. Saturday evening, every member of Congress got a text alert from the Treasury Department and said, we are going to have a Zoom call in 15 minutes. Every member of Congress. And 15 minutes later, the Treasury Department came on and announced to every member of Congress
Starting point is 00:14:43 that they were implementing this program immediately. And so they were able to roll out first thing Sunday morning. But this is a case where the Treasury Department was telling Congress what they were doing with the money. But she originally said on the weekend there would be no bailout. And something happened in less than 24 hours. Well, what they did is they got the dictionary out and they scratched bailout out and wrote backstop implementation. Well, I think, Doc, they realized
Starting point is 00:15:17 this is going to be really bad Monday. Well, they're right. There were people saying there were tech companies. In fact, I saw there was an online petition signed by 3,500 CEOs begging for a bailout of these banks because they said there would be no capital, no cash in their bank accounts to meet payroll. Right. 3,500 CEOs said there has to be a bailout or we're not going to have payroll this week
Starting point is 00:15:58 because so many companies had their funds in SVB and some of these other banks. It's like Roku had $438 million cash in SVB. Just cash. They lost it over the weekend. But then they got it back. On Friday and Saturday, Roku was out $438 million because they're only insured to $250,000.
Starting point is 00:16:29 Per account, yes. But by Sunday afternoon, Roku had all $438 million back, compliments of the U.S. government and the taxpayers because we're paying for this. We're paying for it. This is a government bailout. And it's more than a government bailout of the money in the bank. It's also a bailout of the policies of the bank, too.
Starting point is 00:16:54 Of course. Because if the bank fails financially, then their policies also fail, too. Their woke policies, is what I mean. That's right. So we're going to is what I mean. That's right. So we're going to be talking about that. That's really what led to all this nonsense is mismanagement because the people involved in these banks were so caught up in the, you know, we were talking before the show, gay and green.
Starting point is 00:17:22 Yeah. Barney Frank was on the board of directors. Of Signature Bank. Yeah. The author of the Dodd- and Green. Yeah, Barney Frank was on the board of directors. Of Signature Bank. The author of the Dodd-Frank Act. Yes, that supposedly reformed the banking industry of America to prevent another 2008 banking crisis. And we've got, this is number 18. This is, right there is from the bank.
Starting point is 00:17:42 That's from their website. And there is Barney Frank, director. Oh, this is Signature Bank, not SVB. Signature Bank, which was another bank that got seized. Yes. And really not much disclosed about why Signature Bank was seized. It was kind of a blip in news over the weekend. Oh, by the way.
Starting point is 00:18:04 Signature went down, too. Oh, by the way, signature went down too. Yes, I noticed that as well. But Barney Frank, yes, he used to be the chair of the Financial Services Committee. As we mentioned, he co-sponsored the Dodd-Frank Act after the 2008 debacle. The guy whose roommate was running a call service for men out of his apartment.
Starting point is 00:18:28 Oh, I remember that story. Yeah, that's Barney Frank, the guy that wrote the banking law. Next story will get you upset, though. This is from Axios. You're talking about the bonuses? Yes. Silicon Valley Bank paid out bonuses hours
Starting point is 00:18:44 before the seizure. This was on Friday. On Friday. Yes. Silicon Valley Bank paid out bonuses hours before the seizure. This was on Friday. On Friday. Yes. They were paying out bonuses. There were companies that were having trouble meeting payroll that day. So they were raiding their own bank on Friday morning. Right.
Starting point is 00:18:58 Well, wait a minute, Doc. Thursday night, we don't know who it was. An account holder. A whale. A whale. Initiated a cash withdrawal of $1.5 billion on Thursday night. And was able to get it Friday morning.
Starting point is 00:19:18 And got it out Friday morning. And that's why the bank went under because that's the only check that they could clear. But apparently there that's the only check that could clear. But apparently there were a few more checks that were clearing. Yes. So the bonuses for the executives were pushed through on Friday morning. You got it.
Starting point is 00:19:36 Knowing that the bank was going to fold. And even the folks. That's illegal. Isn't that illegal under banking rules? Well, the explanation that's been put out there is these were bonuses that were being paid out for the fiscal year of 2022. But the banks broke.
Starting point is 00:19:57 I know it. I understand where you're coming from, but that was the excuse. And this even got... But they're shutting down the bank that day. And, you know, they knew the regulators were coming in and people were outside and they were calling the cops on people including the co-founders of the bank and yet they're pushing through their bonuses you got it and this even got the folks over msnb msnb upset about this. And they never get upset at banks.
Starting point is 00:20:26 We've got this clip from over the weekend here. Something you just said stopped me in my tracks. Did you just say that the Silicon Valley bank owners took bonuses on Friday? That is exactly true. On Friday morning before the FDIC took over the bank, they, in fact, distributed bonuses. The bonuses were scheduled to be distributed on Friday. Far in advance, those bonuses were part of the 2022 year. But nonetheless, they still went out.
Starting point is 00:20:56 Now, by the way, a lot of the employees at SBV had accounts at SBV. So those bonuses went to those accounts that also were in jeopardy at the time. But I bet they got their money out. I bet they did, too. Well, let's look at who some of the executives were at SBV. This is New York Post. Top Silicon Valley bank execs worked at notoriously troubled Lehman Brothers and Deutsche Bank. Oh, so they already know how to crash a bank.
Starting point is 00:21:28 So they've got experience. So two executives at doomed Silicon Valley bank had previously worked at a pair of notoriously troubled financial giants. The now shuttered Lehman Brothers and the scandal-scarred Deutsche Bank. The employment records of SVB executives Joseph Gentile and Kim Olson raised eyebrows on social media after the tech lender's rapid meltdown prompted fears of a systemic economic crisis. Gentile serves as chief administrative officer of SVB Securities, a standalone investment bank wholly owned by parent company SVB Financial. But prior to taking that role in 2007, Gentile was chief financial officer for Lehman Brothers Global Investment Bank. Lehman Brothers, as you recall, was a Wall Street giant until it collapsed in Chapter 11 bankruptcy on September 15, 2008. He got out of Lehman Brothers just in time, didn't he, Rick? He did, but he got another one.
Starting point is 00:22:26 What are the odds that another bank is going to hire this guy? I mean, your resume, you put two banks in the grave. Well, Lehman hadn't collapsed when he started at SVB. He started SVB in 2007.
Starting point is 00:22:42 Lehman didn't collapse until 2008. But his management led to it. That's true. He saw it coming. He jumped ship. He knew where it was going. Yes.
Starting point is 00:22:56 So he jumped ship before the ship went down. Now, people on social media were noticing this connection here. Silicon Valley Bank's chief administrative officer was the CFO of Lehman Brothers Global Investment Bank when it collapsed, said another Twitter user. Olson, the other executive, was hired as SVB's chief risk officer in January. And before joining the tech lenders, she had a stint in a senior risk management role at Deutsche Bank during the Great Recession. So back in 2017, Deutsche Bank was forced to pay a massive $7.2 billion penalty after admitting it lied to investors about its mortgage-backed securities, the collapse of which was a major factor in the housing market's implosion during the financial crisis.
Starting point is 00:23:47 So, like I said, they already know how to collapse a bank. They just brought them on board. But just that isn't the only thing that's causing this. No, it was what the board, the bank's policies, their agenda. They had an agenda. The agenda was not to make money. The agenda was to finance Joe Biden's leftist green gay agenda. Because that's really what this is.
Starting point is 00:24:14 This is really what we've got, a green gay cabal that is destroying corporations, pushing radical green policies and radical sexual policies. And it's destroying companies. And the way I look at it, it's more than that. It's robbing consumers. I mean, you're not pointing a gun at them,
Starting point is 00:24:36 but you're just the same as just reaching into their bank accounts and stealing money from just ordinary people that work for a living and put their checks in the bank. They want to feed their kids. They want to live life, pay their mortgage, and just live. Instead, these woke corporations want to implement, like you said, the green gay agenda
Starting point is 00:25:00 to the detriment of the depositors. They don't care who they hurt. They don't care how many people are seriously damaged. And all corporate executives have a fiduciary responsibility to their investors. They're there to make money, not to advance a political agenda. And if you're a banker, you have a fiduciary responsibility to the depositors. Yes. I mean, without the depositors, you don't have a bank. And then you also have a responsibility to investors because they expect a return on their money. And so you've got two classes of people that have been impacted by these crazy policies. Let's take a look at the, we've got about classes of people that have been impacted by these crazy policies.
Starting point is 00:25:46 Let's take a look at the, we've got about four minutes remaining before we take a break. Let's look at a Daily Mail article. SVB hired, they changed it. Yeah, SVB hired woke, bored, obsessed with diversity, invested $5 billion for a healthier planet, and held month-long pride celebration, but failed to spot glaring problems with investments. They were so enamored with these policies, Rick, that they forgot what a bank was about. But there's no responsibility
Starting point is 00:26:19 because they have people like Biden who will just bail you out. We'll pay off student loans. We'll bail out banks. It'll pay off student loans. We'll bail out banks. It doesn't matter because it's all funny money. They're taking the whole system down. So executives at Silicon Valley Bank focused on woke initiatives to increase diversity among its ranks and invest in startups, promoting a, what they call a healthier planet, but failed to spot its glaring problems with investments as
Starting point is 00:26:45 interest rates rose. The now-failed bank had an A rating for its environmental, social, and governance policies. That's according to the MSCI index. After creating its own initiatives to advance inclusion and opportunity in the innovation economy and investing in clean energy solutions over the past few years. It even announced that it would invest a whopping $5 billion by 2027 to support sustainability efforts, while its European offices held a month-long pride celebration and promoted safe spaces. But for eight months last year,
Starting point is 00:27:22 the bank did not have a chief risk operator as it invested clients money in low interest government bonds and securities but it had a diversity chief yes but not a risk management officer oh well doc it went under and the government bailed it out the taxpayers are responsible what's it matter, there'll be another woke bank that gets bailed out. So the Daily Mail article goes on to explain what happened. And this is pretty much encapsulates what went down. When the Federal Reserve increased interest rates, the value of SBB's assets fell while customers tried to withdraw their money.
Starting point is 00:28:01 Now, many are slamming the financial institution for focusing too much on woke policies and not enough on its investments. Now, SVP had this policy statement that they adhered to. They said, we embrace and support diverse families globally, no matter how our employees choose to define family. We offer our inclusive family building benefit for every path to parenthood, including for single parents by choice, LGBTQ plus individuals and couples, and those choosing to preserve their fertility. Our benefits offer adoption and surrogacy services among other family benefits and cover transgender reassignment surgery. So they'll remove your genitals for you too under their policy, right?
Starting point is 00:28:49 And we're paying for this. That's right. Through a broke bank. We are paying for it through a broke bank because they chose woke policy over investment policy. Here's a photograph of the Silicon Valley Bank ESG report for 2022. We'll just show you that they are very serious, very committed. This is number 42 for our guys in control room. That's the report. I don't know if we can scroll down. Yeah, there you go. Environmental, Social, and Governance Report 2022.
Starting point is 00:29:28 A 66-page document on guidance for... A gay green agenda. Right. For a bank that went belly up over the weekend and the taxpayers had to bail it out. There's more of those bailouts coming. More of these bank collapses coming, and more corporations are going to go broke because of these obscene policies that the leftists are
Starting point is 00:29:52 pushing these corporations to advance. It's all mass insanity. The country has lost its mind. It is time that right-thinking people grab control of this country while there's still something left or we're all going to disappear. And I'm going to disappear right now, and we'll be back in a few seconds. Hey, we've got one more story on the Silicon Valley Bank report. And this is a clip from Fox Business News' Neil Cavuto, who really is far more leftist than most people know. He's very woke-ified. And in this video clip, he was interviewing Mr. Marcus, the founder of Home Depot, who's got a lot of common sense and doesn't really care what anybody thinks about him because he's a billionaire and he's really old and he just doesn't care.
Starting point is 00:31:00 And he says what he wants to say. And you'll notice in this interview that Neil Cavuto tried to steer him away from saying that the bank's woke policies drove the bank into bankruptcy. Right. The first time, he just ignored it, changed the conversations. But Bernie Marcus brought it right back. Then later he comes back, you know, and then he challenged him more. He said, well, I really don't think it had those kind of effects. But here's the interview.
Starting point is 00:31:34 We're monitoring whether history does indeed repeat itself. Bernie Marcus isn't so sure, but he's watching it just the same. The Home Depot co-founder, kind enough to join us now. Bernie, always good seeing you. Do you think history is repeating itself? Should people stay calm? What are you telling them?
Starting point is 00:31:53 Well, all I know is that I can't wait for Biden to get on the speech again and talk about how great the economy is and how it's moving forward and getting stronger by the day. And this is an indication that whatever he says is not true. And maybe the American people will finally wake up and understand that we're living in very tough times, that in fact, the recession may have already started. Who knows? But it doesn't look good.
Starting point is 00:32:25 And I feel bad for all these people that lost all their money in this woke bank. You know, it was more distressing to hear that the bank officials sold off their stock before this happened. It's depressing to me. Who knows whether the Justice Department would go after them. They're a woke company, so I guess not. And they'll probably get away with it. When you say a woke company, that's in technology, venture capital funded startups and all of that. They might have been disproportionately exposed to this. Do you think there are others like this bank out there? I think there probably are. Yeah. I think that the system, I think that the administration has pushed many of these banks into more concern about global warming than they do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on one thing they should, which is shareholder returns.
Starting point is 00:33:38 Instead of protecting the shareholders and their employees uh they're more concerned about the social policies and i think it's probably a badly run bank uh they've been there for a lot of years it's uh pathetic that so many people lost money that won't get it back and uh you know burning you might be right on some of the you might be right on some of the woke stuff. I just don't see it here. It might be simpler to say that they expose themselves and were spoiled when we had interest rates at near zero percent. They had a lot of those bonds and a lot of those treasuries. They're now underwater when they have to cash out to get money to investors who want out. They lose money and it feeds on themselves. No, they were spending money on LGBT retreats in Aspen
Starting point is 00:34:27 instead of working at a bank. Yes, and celebrating gay pride for a month. And the bank went broke. And there will be more of these banks that go broke. You know, it is time that conservative investors in woke corporations, you know, if you're an investor in a corporation
Starting point is 00:34:51 and it goes woke on you, you've already had your money in it as an investor, and it converts to a woke corporation, conservative investors need to sue the corporation, sue the board of directors, sue the corporation, sue the board of directors, because the corporation,
Starting point is 00:35:08 the directors have this fiduciary responsibility, a care of duty to manage the corporation for the benefit of the investors, the stockholders. Yes. The corporations, I know anti-capitalists don't like to hear this, but the main person that a corporation is supposed to be tending to is the stockholder. You're
Starting point is 00:35:38 supposed to deliver a return. You're supposed to give that stockholder profit. Right, because they have invested money into what they wanted to see, have a return on. But these woke zealots don't care about the people who have put money into the corporation. They only care about their agenda. And they're mismanaging these corporations, and these corporations are not making problems. They're telling conservative customers, get out, leave. Yes, they have said that. Look, the biggest opportunity right now in America is to start a parallel business that takes a portion of the market share from these woke corporations.
Starting point is 00:36:31 When they tell their conservative, Christian, patriotic customers, we don't like you, we don't want you, we don't like your values, we don't care if you leave, go after them. This is a massive market share sure and and there is a parallel economy that's forming there are new companies that are that are appearing and um
Starting point is 00:36:54 you know there's there's a new bank coming on glory bank right so you know it's for it they've got like 10 000 people on the waiting list to open up a bank account. They haven't even opened up yet, and they've got over 10,000 people on the list waiting to open up a bank account. This is the big opportunity. Don't spend time fighting these woke corporations. Let them go broke. Woke eventually means broke. Take advantage of the opportunity. Start a company to compete with them because they're telling their customers, if their customers are not leftists, they're telling them, get lost. Go away. We don't care about you. So it's actually a great opportunity to start a business. Now, I'm going to change the topic. I want to go to south of the border. And, you know, in the past week or two,
Starting point is 00:37:49 because of the kidnapping that took place, you had several members of Congress who suggested that U.S. military troops be deployed south of the border into Mexico. Yeah, Lindsey Graham's one, I know of for sure. Congressman Crenshaw to engage the drug cartels.
Starting point is 00:38:12 Look, I'm not a big, I'm not a warmonger, but in this case, these guys are right because Americans at the border, American citizens in Texas and Arizona,
Starting point is 00:38:27 are in a state of siege. These cartels are coming across the border and operating in South Texas and in Arizona. And I would say it's a direct threat against all of our national security
Starting point is 00:38:40 because of the importation of fentanyl and everything else that's being managed by the cartels it's an invasion yes and so um this is a situation where yeah you you're going to have to send troops into mexico to wipe out the cartels or they're going to they're going to contribute to the destruction of this country so um Congressman Crenshaw, he posted a video online. He's speaking in Spanish. Yes. And he addressed the president of Mexico. Right.
Starting point is 00:39:15 And we're going to show you the video, and then we'll tell you what the Mexican president said. Buen día, hoy quiero dirigir este mensaje al presidente de México, Andrés Manuel López Obrador. Señor presidente, usted recientemente criticó mi plan para autorizar la fuerza militar contra los carteles. Los mismos carteles que han aterrorizado y asesinado al pueblo mexicano durante los últimos 20 años. Los mismos carteles que recientemente asesinaron a dos ciudadanos estadounidenses que visitaban a México para someterse a un procedimiento médico. Los mismos carteles que recientemente comenzaron a traficar fentanilo a mi país, lo cual ha desencadenado el envenenamiento masivo de más de 70 mil estadounidenses por año. Permíteme aclarar, esto ya no se trata únicamente de un problema de drogas.
Starting point is 00:40:09 Podemos vivir con un problema de drogas. Esto es un problema de envenenamiento masivo de los ciudadanos de Estados Unidos y los carteles son los directamente responsables. Mi pregunta para usted son las siguientes. ¿Por qué rechaza la ayuda de los Estados Unidos? ¿Por qué protege a los carteles? Mi pregunta para usted son las siguientes. a ayudarle si nos deja. Si nos permite brindarle ayuda con nuestros vastos recursos y capacidades, podemos acabar con la violencia de los carteles de una vez y por todas. Ha sido suficiente. No podemos permitir que esto continúe. Esto no se trata de nosotras contra usted. Esto es Estados Unidos y México luchando juntos contra un enemigo común, los carteles, y no queremos
Starting point is 00:41:05 pelear esta batalla solos. Queremos luchar junto a usted y al pueblo mexicano. Queremos que México sea libre, seguro y próspero. México es nuestro aliado más importante. Lo necesitamos a usted y igualmente usted a nosotros. Esto es una amenaza que une a So, Doc, for the people of both countries. And I hope you consider it. Thank you. So, Doc, when I started this program in 1999, over 24 years ago, I was talking about the U.S.-Mexico border and the illegals coming across the border. 1999.
Starting point is 00:42:00 We were upset about it then. President Carter, I mean, excuse me, President Clinton was in the White House. Then George Bush came in the White House. And he didn't do anything about the border. He talked about it. He was concerned. But he didn't do anything about it. And then he was replaced by Obama? Obama. Right. Obama didn't do anything about it. And then Donald Trump came in. He promised a wall, but he didn't build a wall. He built walls with big gaps in them, okay, that were never closed, deliberately never closed.
Starting point is 00:42:44 Now we have Biden, and he's the worst of all of them. Yes. I concluded a long time ago that it is a deliberate policy of the American ruling class to leave that border open. It is a deliberate policy. So I have to ask, what's the purpose of it then to bring about the downfall of the united states of america because the globalists want a european like union all right they want a north american union canada united states mexico if they could they would link the entire you know north america and central america and south america they would link it into one vast regional country if they could get away with it.
Starting point is 00:43:29 But right now, they want to merge Mexico, the United States, and Canada. I was fighting that back in the early 2000s. The Federal Reserve tried to introduce the Amero currency. I remember that. The North American Union. And that was under Bush. That's right. Bush was pushing, the North American Union. And that was under Bush. That's right.
Starting point is 00:43:47 Bush was pushing for the North American Union. And we were fighting it. We fought it very hard. It is the policy, it is the desire of the ruling class of America to keep that border open. But you do have some people, because the problem is so bad now But you do have some people, because the problem is so bad now, you do have some politicians who are saying, we've got to do something. Even if it means sending the military in. Well, had we done something 20 years ago,
Starting point is 00:44:21 you wouldn't be at this place where you've got to send the military into Mexico. Now, it's not without precedent that we've gone into Mexico before. We went after Pancho Villa under Patton, and that was under Woodrow Wilson. That's right. I mean, that's about as far left as you can go. That's right. So even under President Woodrow Wilson, they saw a problem with Villa and all his gangs and stuff coming across the border, killing people in the southern U.S.
Starting point is 00:44:48 And finally, they said, why don't you take those Dodge automobiles and drive across the border and chase the bad guys down? And they did exactly that. They crossed into Mexico. And so it's not without precedent. So before you start saying, oh, that's a bad idea, you know, we've done it before to protect the interests of North America. Now, the Mexican government doesn't like that idea at all.
Starting point is 00:45:12 And so Mexico is warning Republicans about border war. And that's not the Mexican president. No. Mexican President André Manuel López Obrador sent a stark warning to GOP lawmakers after some elected officials advocated for the United States to take military action against drug cartels south of the border. He said, we are not going to permit any foreign government to intervene in our territory, much less that a government's armed forces intervene. Obrador said during a Thursday news conference, he added that Mexico was its own sovereign state and not a protectorate of the U.S. nor a colony of the United States.
Starting point is 00:45:53 You are a threat to the United States. So last year, I don't remember last spring, I don't think it was this late of summer, Congressman Matt Gaetz of Florida said on, I think it was Tucker Carlson's show, that the Mexican president in a meeting, and I think Joe Biden was there. It's been a while, so I'm not quite sure. But the Mexican president said last year that his administration was working with the Biden administration on a new version of the North American Union. Really? Yes. I tried for days to find the recording of the Mexican president saying it,
Starting point is 00:46:45 because Matt Gaetz said that there was a recording. That recording was sanitized off the internet. And I gave up. Maybe somebody else has it out there, but I gave up. I spent a lot of time trying to find it. But they sanitized the internet of that recording, because that was evidence. That was a smoking gun,
Starting point is 00:47:06 that Biden is working with theican president to collapse the borders between canada the united states and mexico but the other thing i want to throw out here is if if by chance troops were sent, American troops were sent into Mexico. And I don't think Biden would do it, but Donald Trump would. I could see Donald Trump doing that. Donald Trump would do it. Or another Republican president might do it. Here's the risk that we would be facing. The risk would be that the Mexican president, who's already flirting
Starting point is 00:47:50 with membership in BRICS, would invite the Chinese PLA to put a military base on the border. Which they very well could do if they enter into a military alliance. We do it with countries all over the world. So think about it.
Starting point is 00:48:08 Mexico appeals to Xi Jinping and says, we were invaded by American troops. I need protection. I will sign a defense treaty with China. And China says, sure, we'll build a military base south of the Rio Grande. What are we going to do about it? And China says, sure, we'll build a military base south of the Rio Grande. What are we going to do about it?
Starting point is 00:48:32 We built military bases across the border from Russia. Yes, we built military bases all over the world. We have a military presence in over 180 countries. So what happens if they start doing it to us? So, you know, we need to think about this. If we send troops into Mexico, there is the possibility that Mexico appeals to China for military defense. And now the game has changed.
Starting point is 00:48:58 And you have PLA bases in Mexico. And you'll have PLA missiles in Mexico, and you'll have ships in Mexico. Something else happened in recent days that we ran out of time on Friday because of the banking story. We didn't talk about this on Friday. But the next story is this Wall Street Journal. China brokered deal between Iran, Saudi Arabia, Marx, and New Middle East. This story broke on Friday. That China, Xi Jinping,
Starting point is 00:49:36 or the Chinese premier, secretly brokered a deal between the Sunni Saudis and the Shia Iran. Right. If you recall on Friday, we were doing an article from the Wall Street Journal that talked about this new headway that was in the negotiation as far as Saudi and U.S. relations, because they've been kind of sour, that the Saudis were moving now closer to a weapons deal with the U.S.
Starting point is 00:50:07 It was very pro-Israel. Oh, yes, and they were really touting it. While we're sitting here, this story comes out, that China brokered the deal between Saudi Arabia and Iran. I think it's significant in that here we were, we were talking about this.
Starting point is 00:50:22 I mean, this is evidence of that global shift that's taking place. But that Wall Street Journal article was Israeli-inspired propaganda that was fed to the Wall Street Journal, and they published a story making people believe that Saudi Arabia was cozying up with Israel and the United States again,
Starting point is 00:50:44 because it didn't make sense when you read the article. So this is contrary to everything else that's been reported for the past year. Well, it turned out it didn't make sense. Right. What made sense was that there was a secret meeting going on between the Chinese, the Iranians, and the Saudis. And you're going to see an announcement here
Starting point is 00:51:04 in a few months. I don't bet, but I will say this. You're going to see Saudi Arabia and Iran joining BRICS. Yes. And then it's game over, Lucille.
Starting point is 00:51:16 That's right. This next article, the headline, this is Al Jazeera. Changing global order. China's hand in the Iran-Saudi deal. And we have a little video clip here showing the meeting that took place. And this is China brokering that deal between Saudi Arabia and Iran. This is a very, very big deal for those that are watching. But the American news media is not talking about it. Why would they? So it would mean that China is trying to create peace in the world.
Starting point is 00:51:49 Yes, but also, Doc, at the very time that the American banking system is showing major cracks, the petrodollar is showing major cracks. Yes. Because when Saudi Arabia walks away from the dollar and joins China, all of our banks collapse. That's right. There's not enough funny money to bail out all the banks. The country's broke.
Starting point is 00:52:20 That's what's coming very soon. There's judgment coming on the United States of America. We have pursued these anti-God agendas. We have dared God to do something to this country. We have dared God to do something. He doesn't want to judge us. He doesn't want to punish us. But the ruling class of this country has dared him to do it.
Starting point is 00:52:49 And he's doing it. So we continue to pervert our children and dare God to defend them. Now, during talks in Beijing on Friday, Saudi Arabia and Iran agreed to reestablish diplomatic relations and reopen their embassies within two months. So this isn't a long-term deal, Rick. This is like within two months that we're talking about. Now, that agreement also stipulated affirming the respect for the sovereignty of states and the non-interference in internal affairs of states, which is the first step toward a mutual defense pact. Yes. But it's also saying we're fed up, both countries, Saudi Arabia and Iran,
Starting point is 00:53:27 are saying we're joining with each other because we're both fed up with the United States meddling in our affairs. Right. It's a slap at the ruling class of America. One more story on this. This is Bloomberg. Saudi Arabia blocks Israelis from attending a United Nations event in Saudi Arabia. Right. So the United Nations was sponsoring an event in Riyadh
Starting point is 00:53:55 and Israelis were scheduled to come. They had been invited by the UN to come. Now, this isn't that surprising except that these Israelis were Muslims. They were denied entry. So it just goes to show you how sour relations between Saudi Arabia and Israel have gone now, that even what they would consider Muslim brothers are not allowed to travel from Israel to Saudi Arabia. Doc, another thing, the Saudis are really moving quickly to develop new cities. They have Neom being built in Saudi Arabia just over the border from Aqaba, Jordan. And I've not been over to Neom, but I've seen the vast development that's taking place in
Starting point is 00:54:46 Aqaba going down to the Saudi border. So if you haven't seen the promo videos on Neom, you got to see it. They're building the line. Just search for videos on the line. The city is, it's as futuristic as anything I've seen until I saw this next video. And this is going to be a cube that will be built in the downtown of Riyadh. It's a new downtown. And it's called the Maraba. Now, you've probably heard talk about the 15-minute city concept.
Starting point is 00:55:28 And it's part of this new development that's going into Riyadh. We've got a short video to show you what the Saudis are building. In the future, our cities will be much more than just places to live in. The future is here. And it's real. Introducing the new Maraba. The world's largest modern downtown. Designed with people at its heart.
Starting point is 00:56:00 Helping make Riyadh one of the top ten most livable cities in the world. And at its centre, a new icon. Helping make Riyadh one of the top 10 most livable cities in the world. And at its centre, a new icon, the Mukhav. The world's first immersive, experiential destination. A gateway to another world. At a scale that's unprecedented and unforgettable. Where you'll feel wonder, amazement, and your heart race. As you dine with gentle giants,
Starting point is 00:56:51 explore a world of magic, or live on Mars. Where your retail experience is completely reimagined and you feel at home in another world. This is the new face of Riyadh, a gateway to another world. New Meraba. Very impressive, but I also saw hints of the Tower of Babel. Yes, I saw that too.
Starting point is 00:57:27 But this world's not good enough, Rick. They have to invent a new one for you to live in. They've got a new world coming, or at least they think they do. They do. It just shows you how fast we're moving into this new age. And, man, this is going to go quickly. Satan is building his world. Yes.
Starting point is 00:57:55 And it's going to be completely unlike anything mankind has known in thousands of years. I've got one more story before we wrap it up. And that is we were talking about China negotiating a peace deal between the Saudis and the Iranians. Which is incredible in itself. It is. And I really commend the Chinese for doing it because the American way is, well, let's start a war. And let's sell weapons. And let's create tension and strife because it's the Israeli-American operation in the Middle East. You know, we're going to bomb everybody. We're going to have tension.
Starting point is 00:58:34 We're going to have war. And the Chinese are coming in saying, let's work things out and let's make money. Right. And I think it shows also that there's this massive leadership vacuum that the West has created for itself. They've had this giant sucking sound for a long time. China has now stepped into that role and is making steps to increase that role
Starting point is 00:58:59 as we see in this next story. It worries me. I mean, it bothers me that China is the one that's taking the lead, the Communist Party. That's what troubles me. I mean, it bothers me that China is the one that's taking the lead, the Communist Party. That's what troubles me. But wait till you see the next headline of where the Chinese are going next. China's Xi plans to speak with Zelensky. He's going to try to broker a peace deal between Zelensky and Putin.
Starting point is 00:59:24 Right. And so he's going to speak with Mr. Zelensky by Zoom. That's all Zelensky does anyway. But then Mr. Xi Jinping is going to meet face to face with Vladimir Putin next week. And so Chinese leader Xi Jinping plans to speak with Ukrainian President Zelensky for the first time since the start of the war, likely after he visits Moscow next week to meet with Russian President Putin, according to people familiar with the matter. So things are transpiring very quick here for China to enter into, as I said, this leadership vacuum that the U.S. and NATO have created for themselves. Buck, what do you think? Did you think Zelensky could be talked into a peace deal with Putin through Xi Jinping? I mean, if China promises.
Starting point is 01:00:15 That's what I mean. If China promises to rebuild Ukraine. And I thought that same thing. I mean, the idea, I mean, if, you know, if he could broker the deal and say, China will help recreate the new Ukraine, the big Israel, if you will. Zelensky would have to give up his ambitions to be a NATO member and instead become a BRICS member. Imagine Ukraine joining BRICS. Or of the CSO, or the SCO, I guess,
Starting point is 01:00:48 the Shanghai Cooperative Organization. Is that a crazy thought? Ukraine joins BRICS? I guess it all depends on how many zeros are in the check. I mean, that's a given. That's a given. The thing is, what does it do for the image, the public image of China if Xi Jinping resolves a war and stops World War III?
Starting point is 01:01:14 Well, it suddenly puts China in the global driver's seat. Really, it does. I mean, it says we really don't need the U.S. anymore. That's what I mean. That's what I mean. It's the craziest thing. Look, I would never have said this. I never would have said there's a chance Xi Jinping may negotiate a peace in Ukraine and Ukraine could join BRICS. I would
Starting point is 01:01:47 never have said that last week. But last week, I didn't know about a secret Chinese peace deal between the Saudis and the Iranians. Something else happened last week, too. Xi Jinping was reelected to a third five-year term. And so he has nothing to lose at this point. He's not going anywhere. He's not going anywhere. And, Doc, if the Saudis make peace with the Iranians, Israel has no way to bomb Iran. Without having to bomb Saudi Arabia, too.
Starting point is 01:02:21 And China. Right. If Iran and Saudi Arabia enter into a military alliance with China, Israel, their goose is cooked. They're not bombing anybody after this.
Starting point is 01:02:40 Or they're going to get clobbered. And I'll tell you what the Israelis will do. They'll sell out the Americans so fast and join the new alliance. You know they will. They'll do it. And they've already started tipping their toes in the water.
Starting point is 01:02:57 They've got the Haifa port, China does, and other relationships there too. So the world's going to change a lot this year. Yes. This world will be totally different by the end of 2023. That's it. We've gone a little bit over our time. We've got a heavy rainstorm over us right now.
Starting point is 01:03:18 I don't know if you can hear it on the roof of our studio, but we certainly can hear it here. And we're going to wrap it up for today. Thank you for watching. We appreciate your prayers and support. God willing, we'll be back here tomorrow. God bless you. Welcome to Morning Manor.
Starting point is 01:03:47 Jesus Christ is the living bread that came down from heaven. Anybody who eats this bread will live forever. Nourish your soul each weekday with Morning Manor. Here are your Bible teachers, Rick Wiles and Doc Burkhart. Well, this is the day which the Lord hath made. We will rejoice and we will be glad in it. You know, that's a decision to rejoice. You make a decision, you're going to rejoice and you're going to make a decision that you're going to be glad in it. It's a beautiful day. And I want to encourage everybody in Christ to be full of joy and happiness. My name is Rick Wiles. This weekday television program is devoted to making ready a
Starting point is 01:04:34 people prepared for the return of King Jesus. Our Lord and Savior Jesus will return to earth someday to gather his elect, and you and I must be remnant ready. Jesus Christ has a remnant church that will triumphantly endure to the end. Now, there's no need for me to tell you how unstable the world system is these days. The banking system is unstable. The political system is unstable. And the social system is unstable. Our responsibility as Christians is to provide salt and light to a broken world. Our morning manna motto is to shine brightly, taste salty, and love everybody. Well, Dr. Raymond Burkhardt and I have been studying the parables of Jesus for several weeks. And today we will continue discussing the parable of the hidden treasure and the parable of the pearl of great price.
Starting point is 01:05:42 Doc will open the Bible study by reading from the 13th chapter of the Gospel of Great Price. Doc will open the Bible study by reading from the 13th chapter of the Gospel of Jesus Christ, according to St. Matthew, verses 44 and 45. So if you have your Bibles, let's turn to Matthew chapter 13, starting at verse 44. Again, the kingdom of heaven is likened to treasure hid in a field, the which when a man hath found, he hideth, and for joy thereof goeth,
Starting point is 01:06:07 and selleth all that he hath, and buyeth that field. And then verse 45. Again, the kingdom of heaven is likened to a merchant man seeking goodly pearls, who, when he found one pearl of great price, went and sold all that he had and bought it. Now, we started our study in these two parables yesterday, Rick. And as we were talking about these parables, just finding some amazing information embedded in these two very short parables here. Well, one is one verse, one is two verses.
Starting point is 01:06:41 But very deep. Yes, very deep. Very deep. And by the way, we're getting a great response from people watching Morning Manna who are telling us that this is a fresh, new perspective on the Word of God. That they are hearing things they've never heard before. And it's a joy to watch Morning Manna and to study the Word of God along with us. And so I'm very grateful, very pleased by the response that we're getting from people telling us that they're watching Morning Manna.
Starting point is 01:07:13 And it's a blessing to them. That's what this is all about, is to be a blessing to you. We're simply spending a half hour with you in the Word of God and encouraging you to study the Word on your own, seek the Lord for understanding, and just grow closer to your Lord and Savior. So we're talking about the parables, and as Doc said, we were discussing on yesterday's program these two very short parables, which, again, the traditional popular interpretation of these two short parables is opposite of what we're teaching. And we're not claiming that we're absolutely right. We're just
Starting point is 01:07:58 saying, we're trying to follow a formula in interpreting the parables that we think is correct. And if you use that formula, then the standard popular interpretations can't be correct. So, you know, listen to others. I encourage you to read other interpretations of these parables. Doc and I do. We're studying them all the time to get insight. But the standard popular interpretations in recent years has been that these two parables, that the treasure, the first, the one that's treasure, the one that's hidden. No, this is the one that is hidden. No, just the pearl of great price. Is that the treasure that's hidden in a field is the church. And I mean, not the church, but it's...
Starting point is 01:08:51 Salvation. It's, yes, salvation. And, well, no, a lot of people, Doc, I would say that it's, yes, it's Jesus Christ, it's salvation. Jesus Christ's salvation. That's what's hidden in the field. The kingdom of God is hidden in the field. That's the treasure. You and I are the man that we find this.
Starting point is 01:09:15 Right, and our viewpoint is, no, you and I are the treasure. Right. It's God through his son, Jesus Christ. Jesus Christ pays the price. He sells all that he has to ransom us. We're the treasure that he finds in the field. The field is the world.
Starting point is 01:09:37 And so then we come to the parable of the pearl of great price. Likewise, the standard popular teaching is that the pearl is the kingdom of God. And, you know, the merchant is the man that discovers the kingdom of God. And, and, you know, he's got to do whatever he's got to do to get this kingdom. No, we have a different viewpoint. And that is the pearl is the church. Yes. It's the body of Christ.
Starting point is 01:10:10 It's Jews and Gentiles together in one new man. So going back to the first, the hidden treasure parable, we use the parables of the tares and the parable of the sower in order to help us determine, all right, what's the field? Matthew 13, 38 tells us the field is the world. So we already know that this is the field that we're talking about here
Starting point is 01:10:36 in this parable in verse 44 is the world. Jesus has been identified as the sower of seeds into the field of the world in other parables. And so we can make the connection that Jesus is also the man here, has a field as well. And so the question is, what is the treasure? But you said something the other day that caught me off guard. At the end of yesterday's program. Yes, that I had never considered before, and that's verse 45. And these two parables are always tied together, but I've always felt like verse 45, the pearl of great price, seemed out of place
Starting point is 01:11:17 with all the other parables here. And there's a reason for that, that perhaps Jesus had a different audience for that parable. They have the same message, but the parable in verse 45, the pearl of great price, it doesn't have a field, doesn't have a man,
Starting point is 01:11:36 doesn't have seeds, it doesn't have birds, it doesn't have anything. So it seemed out of place. But it has a guy that's looking for a pearl. A treasure. A treasure. So what I said at the end of yesterday's program is could it be that verse 44, the treasure in the field
Starting point is 01:11:54 represents the Jews who are saved in Christ. This is the church. Those who are saved in Christ. Right. This is the church. Those who are saved in Christ, Israel, and is the pearl, the Gentiles who are saved in Christ. Again, the church. That's where we ended it.
Starting point is 01:12:15 Right. And I saw the look on your face. I never considered that before. And I wish we'd had another 30 minutes at that moment because the light was glowing at that moment. And we both,
Starting point is 01:12:25 we continued this conversation after we stopped recording. And so that's where we're at today. We're going to pick it up. Right. So the reason why that drew our attention is that clams and pearls by extension are considered unclean by Jews. All right, so you have a Jewish preacher, Jesus, preaching to a Jewish audience, or what we assume is a Jewish audience there. And then he starts talking about clams and pearls, which are unclean. And all of a sudden it was like, wait a minute here. Something doesn't make sense. Right. So the audience had to be thinking, what are you talking about? We can't touch clams. Right. Unless there about? We can't touch clams. Right, unless there were people there who could touch clams.
Starting point is 01:13:09 They're being Gentiles. But, Doc, even for the Jewish audience that was hearing him, they knew that pearls come from clams. Clams are unclean. They were not permitted to touch them. They're not permitted to eat them. And yet he's calling it, he's saying, this thing that you say is unclean is a treasure, a pearl of great price. It had to be very confusing to them. But again, as you said, if there were Greeks there, they understood because they're like, well, yeah, we trade in these pearls.
Starting point is 01:13:45 We make money with pearls. Well, and just so we understand that clams are unclean, Leviticus 11, verses 10 through 11 tells us, and this is part of the food laws, the dietary laws in the Old Testament, and all that have not fins and scales in the seas and in the rivers, of all that move in the waters, So pretty clear there. You can't eat it and you're not supposed to touch it. And even the carcasses are considered unclean. So obviously- So nobody was shucking clams.
Starting point is 01:14:30 Right, at least no Jewish person was shucking clams. So this message, even though the two verses are tied together, they're meant for two different audiences. And so that brought us to the conversation after our program yesterday about the treasure in the field. And what was that treasure? What was that treasure specifically? And would the audience know what that treasure was when Jesus was talking about it? Does God refer to treasures in the scriptures? Rick, he does.
Starting point is 01:15:04 What is his treasure? He labels treasures specifically in the scriptures. We'll start off here with Exodus chapter 19, verse 5. Now, therefore, if ye will obey my voice indeed and keep my covenant, then ye shall be a peculiar treasure unto me above all people for all the earth is mine. Now, of course, this is Moses's delivery to the people of Israel, but he defines that people, that treasure in a very particular way. You have to obey his voice, the Lord's voice, and keep my covenant. Then ye shall be a treasure. And Jesus said, if my word is in you,
Starting point is 01:15:52 and you keep my word, then, you know, he was saying, if you love me, keep my word. Keep my commandments. The covenant is the word of God. And it says, obey. It's the same thing that Jesus taught us in a New Testament age. Keep my word and obey me. All right. And if you do, you are in Christ, you are part of him. And so this is an Old Testament principle that is carried into the New Testament age with a new spirit to it. Right. What else does the scripture say about treasure? It goes on to say in Deuteronomy chapter seven, verse six, this is in the New King James Version. He says, for you are a holy people to the Lord your God. The Lord your God has chosen you to be a people for himself,
Starting point is 01:16:47 a special treasure above all the peoples of the face of the earth. And this particular verse is echoed in the New Testament in 1 Peter 2, verse 9. It says, but ye are a chosen generation, a royal priesthood, a holy nation, a peculiar people. Notice that he uses the word peculiar people. That you should show forth the praises of him who has called you out of darkness into his marvelous light. Doc, in 1 Peter 2.9, Apostle Peter uses almost the exact same words that's in Exodus. Yes. In Exodus, God's speaking to the Hebrews.
Starting point is 01:17:29 In Peter, the apostle is talking to the church of God. Yes. Yet it's the same words. They are. So is Israel and the church one? Is it one and the same? Not the state of Israel. That's what I was going to say.
Starting point is 01:17:49 And not churchianity. Right. But Israel, the people of God, and the church, the people of God, are they one? In my opinion, yes. And I think the scripture goes on to show us that. Deuteronomy 14 verse 2 says,
Starting point is 01:18:06 For thou art a holy people unto the Lord thy God, and the Lord hath chosen thee to be a peculiar people unto himself above all the nations that are upon the earth. The English Standard Version puts it a slightly different way. For you are a people holy to the Lord your God, and the Lord has chosen you to be a people for his treasured possession. I like that, out of all the peoples who are on the face of the earth. Psalm 135 verse four says, for the Lord hath chosen Jacob unto himself and Israel for his peculiar treasure. So I think we can establish that at least in the Old Testament that Israel or true Israel, let me
Starting point is 01:18:46 clarify that, true Israel is God's special peculiar treasure. So what is true Israel? Well, the true Israel is defined by if you will obey my voice and keep my covenant, then you shall be a peculiar treasure unto me. It's not genetics. It's not hereditary. It's not whether you possess a certain area of real estate. No, it's based upon your hearing God and obeying him. That is what made you true Israel, the treasured possession in the old covenant. So does that carry over to the new covenant is the question. Is that it? So if we go back to the parable of the hidden treasure,
Starting point is 01:19:30 if we say, and the kingdom of heaven is like unto a peculiar treasure. So who is that? It's the people of God who have obeyed him. In the old covenant, what was that? Well, that was true Israel, the people that truly obeyed him. And in a way, they were kind of hidden in the earth, weren't they? They were kind of hidden throughout the world. They were the smallest of nations and scattered abroad. And so they were kind of hidden in the earth. And yet they're found again. And then Jesus and the Great Commission sends everybody out back into the world.
Starting point is 01:20:08 And so we come out of the world and then we go back into the world. So there's a lot of application here that is really very exciting when you start thinking about it. He sows us into the world. That's right. So we're back to the parable of the sower.
Starting point is 01:20:24 That's right. The Word of God is in you, and then Christ sows you into the world where he needs a harvest. And in Galatians 3.16, we are called seeds. Now to Abraham and his seed were the promises made. And he saith not, and to seeds, as of many, but as of one, and to thy seed, which is Christ. And so that just ties us back together. It's amazing, Doc, how many modern day Christians in America, especially the evangelical Christians, believe, and some of them will argue, that Abraham's seed is the Jewish people. Yes. that Abraham's seed is the Jewish people. When Paul himself said,
Starting point is 01:21:08 it's not seeds, it's seed. And that singular seed is Christ. Yes. But it's not taught in churches, Rick. That's why. I mean, the pastors and the teachers don't sit down with congregations and say, look, you are seed in Christ.
Starting point is 01:21:27 You are buried in Christ. You're in him. There is, it's sort of like when we were talking about the word in the parable of the sower. The word and the seed were synonymous. And so are we. We're synonymous with Christ as well. We're seed and yet we're seed in Christ. Doc, the two things that I believe,
Starting point is 01:21:54 I'm just commenting from my years as a Christian. So I was saved as a young man in 1978. I was 24 years old when I was saved as a young man in 1978. I was 24 years old when I was saved. So I've been around a while as a Christian. And I've concluded that there are two things Satan will go to any length, to any effort to block people from knowing and understanding.
Starting point is 01:22:25 If you're unsaved, he will do anything he has to do to prevent you from knowing that Christ died for your sins. He'll do that, yes. You want religion? He'll give you religion. He'll give you Buddhism, Hinduism.
Starting point is 01:22:41 He'll give you all, pick up religion. He's got it for you, okay? But just don't go to the cross. Don't discover. Just don't have that awakening moment when you realize that you are destined for the lake of fire unless you repent and are born again. That's the one thing he does not want unsaved people to discover. But once you're saved, he's lost you. Once you're saved, he's lost you. Your soul is saved.
Starting point is 01:23:14 You're secure in Christ. He can't get you back. But what he can do is derail you. Divert your attention. Confuse you. Demoralail you. Divert your attention. Confuse you. Demoralize you. And I believe the second thing that Satan will do,
Starting point is 01:23:32 anything to prevent you from knowing, and this is for Christians, is your identity in Christ. That's true. Once you know who you are in Christ, you are the most fearsome opponent Satan has. Because you know who you are in Christ, you are the most fearsome opponent Satan has. Because you know who you are. You know what you are.
Starting point is 01:23:52 But more than that, you know who God is. You know what he is. You know your relationship with him. You know your right standing with him. You know the word of God. You know that God's word is true. He does not lie. He cannot lie. And that the only thing God desires for the Christians is for you to know that he does what he says. And when you find out who you are, you have peace, you have confidence. You have joy. You're an overcomer.
Starting point is 01:24:26 You can do all things through Christ. There's nothing that Satan can stop you from doing once you know who you are in Christ. And so the thing that Satan doesn't want the body of Christ to know is that they're Israel. He doesn't want them to know that they're Israel. And I'm telling you, my friends,
Starting point is 01:24:48 there are churches galore, thousands of them. There are pastors, good men and women who are pastoring churches. I'm not saying that they're not, not at all. I'm just saying they are confused about Israel. They think Israel and the people of God are people living in the Middle East who deny Jesus Christ. And they'll fight you over this and say, that's Israel. And those are the chosen people of God. And it contradicts what God says about you and me and the entire church. We are, I'm talking about we, the body of Christ, Jews and Gentiles,
Starting point is 01:25:30 whoever you are, if you are in Christ, you are the Israel of God. You are the apple of his eye. You are the chosen people. You are the holy nation. There's no such thing as, I get really upset about this. There's no such thing as Messianic Jews and Christian Gentiles. You're right.
Starting point is 01:25:53 I'll show you right now. We'll go to Galatians 3.28. There is neither Jew nor Greek, there is neither bond nor free, there is Jew and Greek, or Jew and Gentile, rather. How can there be Messianic Jews and Christian Gentiles, Christian Greeks. That's Greek represents Gentiles. Right. That means you're separated.
Starting point is 01:26:30 That means the two groups are separated. Okay, you Gentile Christians, you go over here to this church. And you Messianic Jews, you go over here to this synagogue. Right. And you two stay apart. That is unbiblical. I agree with you. It's absolutely unbiblical.
Starting point is 01:26:47 And it's a separation that grieves God. And it says at the end of that verse, you are all one in Christ Jesus. You're one in Christ Jesus. And in the very next verse, Galatians 3.29, it goes back to seed. If you be Christ, so you're one in Christ, right? And if you be Christ, then are ye Abraham's seed
Starting point is 01:27:06 and heirs according to the promise. What makes you heirs of Christ? The fact that you're in Christ, you're in the seed. You are Abraham's seed, whether you claim to be Jew, Gentile, red, yellow, black, and white, it doesn't matter. Once you are in Christ, something has happened to you. You have been pulled out, if you will, of your genetic heritage that you may have claimed in the past.
Starting point is 01:27:33 You have a spiritual heritage now. You have a spiritual DNA that you can claim that you're Abraham's seed. You're one in Christ right now. You're a new creature. It's a new being that hasn't been on the earth. It's a new creature. And Rick, I can't understand
Starting point is 01:27:52 how people can get confused about this. This is, to me, one of the clearest things in the scripture. What is hard about it? Biblical illiteracy, that's why. And propaganda. There's just a lot of propaganda in the church. It is. It's political propaganda. It's Satan confusing Christians about who they are. Let's put number
Starting point is 01:28:14 14. This is Galatians 3.29. Let's put it back on the screen. And if you are Christ, if you belong to Jesus Christ, then you are Abraham's seed and you are the heir according to the promise, you know, God said, whoever loves Israel, God loves, and whoever curses Israel, God curses. Right. Is that what he said? No, it's not what he said at all. It's not what he said. In fact, if you really want to hold on to that thing, if you're going to interpret the way they say it's supposed to be interpreted, then if you bless a Christian, you're blessed. If you curse a Christian, you're cursed. Because we are Abraham's seed. So if you're going to
Starting point is 01:29:20 interpret it that way, then do it the right way. But the promise was made to Abraham. But again, it's the mistaken identity in the church. They don't know who they are. And once Christians know who they are in Christ, they're invincible. They're a mighty army. This stuff wouldn't be going on in America that's happening right now. The sin, the debauchery, the just unthinkable, unimaginable, unspeakable things taking place in this country. It wouldn't be happening if the Christians knew who they are in Christ. They would exert authority over this society. They would be the salt of the earth, the light of the world. And we're not doing it because we don't know who we are. We've had years, decades of propaganda pumped into the churches saying, you Gentiles,
Starting point is 01:30:22 you're a sideshow. You're a little freak show. God's going to rapture you out someday because you're just a little parentheses. That's what they used to teach. Darby and Schofield, they used to teach that the church was a parentheses. It's time out. God just called time out
Starting point is 01:30:40 so he could work on Israel, the political state of Israel. And then when he got that done, he was going to rapture the Gentiles out. And then bring back the Jews to the center stage. Yeah. It's a lie. It's a lie. And Christians have believed this lie. If you shake it off and open your eyes and realize who you are in Christ, we could take authority in this country. And that doesn't mean we have to go get elected to political office. You can speak it. Your words will come out of your mouth as the body of Christ. We can change the direction of this country by speaking
Starting point is 01:31:18 God's word over it. If we were in unity as the body of Christ, knowing who we are in Christ, speaking with authority, taking authority over this nation. That's the consequences of millions of people not knowing who they are in Jesus Christ. They lack the authority. They don't even think that they're qualified. They're entitled to have authority, that they're just little Gentiles set aside that God's going to deal with them later and rapture them out and take them away. No, my friends, you and I are the body of Christ. We are the heirs to the promise of Abraham. We are the Abraham's seed. We have the authority in Christ and we are that pearl of great price. You and I are the pearl of great price and Christ himself has found that pearl.
Starting point is 01:32:08 We'll be back tomorrow. We love you so much. Thanks for watching Morning Manor with Rick Wiles and Doc Burkhart. Request your copy of Final Day by visiting finalDay.com Morning Manna is sponsored by Christian Brethren who are eagerly awaiting the final day
Starting point is 01:32:33 when our Lord Jesus Christ returns to establish His kingdom that shall have no end. You have been listening to True News with Rick Wiles. Thank you for listening. To find out more information regarding the broadcast, including prayer and financial support, please visit our website at www.truenews.com. Our mailing address for all correspondence is True News, PO Box 690069, Vero Beach, Florida 32969.

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