TRUNEWS with Rick Wiles - RFK Jr.: CIA Assassinated My Uncle and Father
Episode Date: May 8, 2023Democratic Presidential candidate Robert F. Kennedy Jr. made explosive accusations against the Central Intelligence Agency. Your TruNews will dive more into these accusations, plus we'll be covering t...he paganism surrounding King Charles III's coronation, the escalation of war with China, George Soros' move to buy bankrupt Vice Media, the latest surrounding Hunter Biden, and much more. Rick Wiles, Doc Burkhart. Airdate 5/08/23 You can partner with us [here]( https://www.trunews.com/donate), or by 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 your [Fauci Elf today]( https://tru.news/talkingfaucielf)! It’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?utm_source=rwt-show&utm_medium=description&utm_campaign=watch-now)
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Our mailing address for all correspondence is True News, P.O. Box 690069, Faroe Beach, Florida 32969. This is True News, the truth, the whole truth, and nothing but the truth,
so help us God. Democratic presidential candidate Robert F. Kennedy Jr. made explosive
accusations against the Central Intelligence Agency. Let's start today's true news with this
report published by the New York Post. This was over the weekend. The New York Post reported that
Democratic White House contender Robert Kennedy Jr. blames the CIA for the November 22nd, 1963 assassination of his uncle, President John F. Kennedy, proclaiming it beyond a reasonable doubt.
Mr. Kennedy made the bombshell accusation about a murder that spun many conspiracy theories during an interview Sunday with John Katsimatidis on WABC 770 AM's Katz Roundtable.
We have two clips from this interview. Both of them have some stunning information,
but probably the more stunning of the two is the direct accusation by RFK Jr.
of the assassination and of his uncle, John F. Kennedy, and the CIA's involvement.
Let's listen.
The best kind of distillation of that is a book called The Unspeakable by Jim Douglas.
And I, of course, read probably 100 books on the subject.
Let me ask you one more question.
I recommend that book. It's the best.
I've said publicly and on the radio that the same people that killed your uncle killed Martin Luther King and killed your father.
Well, in terms of my father's death, in terms of my uncle's death, the evidence is overwhelming that the CIA was involved in the murder and the cover-up.
The evidence of the CIA involvement in my father's death is very convincing, but it's circumstantial.
We do not have the really strong documentary testimonial evidence that we have in my uncle.
But the best evidence suggests that my father was killed by Eugene Banks.
Sirhan Sirhan fired his shots.
He fired eight shots, two of them toward my father.
One of them hit Paul Schrade, who was
my father's friend and a UAW leader. The second shot he fired at my father hit the door jamb
behind my father and was later removed by the police. Sirhan was then pounced upon by six men
and bent over the steam table, and his firing arm was directed away from my father.
So he makes the direct accusation of the CIA's involvement
in the assassination of President Kennedy,
and that's coming from a member of the Kennedy family,
which to me, you know, I always wondered
if he would avoid talking about this issue in the campaign.
But I guess at this point, there's nothing holding back.
No, no, I was quite surprised and pleased that he spoke out with that kind of boldness and supporting Mr. Kennedy
in his quest to expose the dark forces
that are in this country.
You know, he mentioned his father's death
and Sirhan Sirhan,
who was a young Palestinian
that many people believe he was a victim of CIA MK Ultra mind control.
Because he still cannot recall to this day what occurred in those moments.
That's right.
And so he was the stooge. That's what a lot of people believe, that Sirhan so he was the stooge.
That's what a lot of people believe,
that Sirhan Sirhan was the stooge.
Of course, you'd believe,
hey, a Palestinian killed Robert F. Kennedy.
You know, he got an easy...
Then you're off to the races.
Yes.
You know, Mr. Sirhan is still in prison to this day.
Robert F. Kennedy Jr. has attempted to get him paroled.
Right.
Spoke to the parole board, I believe.
But the rest of the Kennedy family overruled him.
They don't want to go there.
The Kennedy family does not want to go there.
They don't want to know the truth.
They just want to let it ride. But anybody who has studied the two Kennedy
assassinations know that the official narratives are full of holes. Well, and he goes into some
detail here. We've got another short clip from that same interview where he talks in detail about the death of his father and
some of the peculiarities that occurred on that particular day. Let's listen to this.
They could not get the pistol away from him, so he emptied the barrel. He emptied the chamber.
He fired six other shots, and all of those shots hit people. So we know,
and we know what happened to all the shots.
Robert, I remember that day like yesterday.
There were 77 eyewitnesses.
Suran was always in front of my father. My father, the autopsy by Thomas Noguchi shows, was killed by four shots that hit him from behind.
They were all contact shots.
The barrel of a gun was touching his skin or his clothes at the time the trigger was pulled. Those shots were almost certainly fired by the security guard who was holding his elbow
at the time and directing him toward the ambush, toward Sirhan's ambush.
That man is called Eugene Bain-Cesar.
He was an intelligence operative who worked at the Lockheed plant and the Boeing plant and had gotten the job as a
security guard for my father three days earlier. He publicly made statements that he hated the
Kennedys. He particularly hated Robert Kennedy because he thought Robert Kennedy was going to
turn the country over to the blacks. This was his statement.
He died two years ago.
I was in communication with him at the time,
asking to come over to the Philippines where he fled afterwards.
And by the way, he was seen by 12 eyewitnesses with his gun out.
He never denied it.
He said that he pulled his gun
to shoot at Sirhan. When my father fell, he must have known that he was being shot from behind
because he turned around. I've never heard this. Yes. So if you can picture what happened here. So
the, of course, the traditional story is that Sirhan Sirhan, you know, directly shot Bobby Kennedy.
But after the initial shots, which missed, there were two shots that were fired, you know, at first.
Neither one struck Bobby Kennedy, did strike others at the time.
They manhandled Sirhan Sirhan over the steam table there in the kitchen.
Bobby Kennedy was going through the kitchen. They oftentimes do that in hotels for high-profile
guests. As they're manhandling Sirhan Sirhan, this is according to what RFK Jr. is saying,
he's firing a gun. Those six shots end up hitting people. So there were, you know, there were a number of
people that were struck that day. So the accusation is by RFK Jr. is that his father,
instead of being struck by Sirhan Sirhan, was actually shot from behind by the security guard
that had actually directed him toward Sirhan Sirhan in the first place.
And according to RFK Jr., the security guard was close enough
where he was actually able to put the gun either against the clothing
or the flesh of Bobby Kennedy.
Now, that's big stuff there, Rick.
And then he fled the Philippines.
I guess so. Have you ever heard these things? Now, that's big stuff there, Rick. And then he fled the Philippines.
I guess so.
Have you ever heard these things?
I've never heard that about the shots in the back.
I've never heard this about the security guard.
So this is new information for me. And he gave the name of the security guard.
Well, he's dead, so may as well give the name.
And didn't he say that he just took that job
three days before the assassination?
That's right, and he was intelligence, but...
Intelligence for who?
That he didn't explain in the interview.
See, he thinks, if you listen to the whole interview,
he says, I know for sure the CIA was directly involved
in the assassination of my uncle.
It's circumstantial in the assassination of my father.
Talk about 15 years ago, the BBC did a report.
I was amazed that the BBC did it.
The BBC did a report that there were two high-level senior CIA officers in the kitchen with Robert F. Kennedy on that night, and they named them.
They showed photographs of them and identified them. And of course, asking the question,
why were these senior level CIA agents, why were they brought into this hotel for a political campaign?
If I recall, both men were assigned to South America.
So even the BBC was asking questions 12, 15 years ago about the assassination.
I am amazed that Mr. Kennedy is doing this. My admiration for him
increased and I pray for his safety. And he doubled down today because he tweeted out earlier
this afternoon that, you know, Joe Biden voted to pass the Assassination Records Act back in 1992.
And it was supposed to be reopened.
All the records related to the assassination of President Kennedy were supposed to be opened in 2017.
They haven't all been opened, even though it's required by law to open them up.
And Joe Biden even voted for it back in his day.
But there's still documents that are being withheld,
44 pages in particular about the assassination
that are so redacted,
may as well just print a black page for those 44 pages.
There's a lot of information that they don't want out.
Even all these years,
you know, I know the assassination of President Kennedy was a turning point in our nation. It was
right before I was born. It changed everything about our nation. It was the beginning of the deep state takeover of the United States.
It was.
I'm absolutely convinced it was.
It began in 63.
And if you're going to talk about the deep state today and the shadow government
and ignore the Kennedy assassinations and the assassination of Dr. King,
then you're not going to get to the
bottom of what's wrong. There is a shadow government. It is a secret government that
controls this nation. And they do not care about the American people. They do not care.
It is a shadow government. And it is evil. It is dangerous. It will kill presidents to maintain power.
And again, I applaud Robert F. Kennedy Jr. for having the courage to say this on Mr. Castamiti's radio program Sunday in New York City.
That was on WABC AM 77 radio in New York City.
You don't hear stuff like that very often.
I'm surprised it even got out.
That was an ABC station.
I'm surprised that even got out.
Well, remember they redacted him on TV here just, what was it, last week?
They asked him a question about his opposition to the covid vaccines he gave the answer and abc uh edited out of the program right so this got
past the abc censors somehow and uh you know i've told this story uh a number of times, but the former Fox News host, Alan Combs, used to interview me
on his radio show. And after the death of Supreme Court Justice Scalia, he called me. I was in Nashville at the time. He wanted me on the
program right away. I went on. He asked me, who killed, do you believe that Justice Scalia was
murdered? I said, yes. He said, who did it? I said, the same people that killed John F. Kennedy,
Robert Kennedy, and Dr. Martin Luther King. And all of a sudden, my phone went dead. The call was dropped, and I just laughed and said to the phone,
Alan, was it something I said?
And I just went back to what I was doing.
It was obvious the Fox News censors said get him off that call right away.
These are the things you're not allowed to talk about in this country.
There are certain subjects you are not allowed to talk about.
And the murder of John F. Kennedy and Robert F. Kennedy and Martin Luther King, those are three subjects you are not permitted to talk about.
Because you're getting too close to the truth
about who runs this country.
We'll go on to the next story.
So you probably saw the big costume party
in London over the weekend on Saturday.
King Charles finally had his big party
and got to wear his big furry coat and his big five-pound hat and pretend, you know.
That he's king.
That he's a king.
I have a king.
I don't need another king.
I have a king.
And I swore allegiance to my one and only king, and his name is Jesus Christ.
But I know there are people that want to have a king,
and there are people that want to be kings,
and it's a big deal to them.
Prince Charles has waited his entire life
for that big party on Saturday.
I just look at it now, Doc, and it's just,
it's so silly.
It really is so silly.
I used to be amazed by it from the historical viewpoint.
Now I look at it, it's so silly.
Oh, you see, you get to ride in a big gold carriage.
You know, you get to wear your hat, your crown.
For what?
You don't have any power.
Constitutionally, he doesn't have any power.
You know, it's just a figurehead position position if you believe what they say about it.
But his whole life is consumed in getting to that chair.
He wanted to be on that throne.
Well, there's a little bit more information we want you to know about King Charles.
This is a London paper, The Sun.
Witches and pagans to perform special ritual
for King Charles' coronation.
Here's why they are casting spells.
This was, I think, last Friday.
Yeah, last Thursday.
Yeah, KFC's program.
So The Sun reported that witches and pagans
from across the country will gather to cast a spell
in support of King Charles in a special coronation ritual.
The spell will involve lighting blue, red, and white candles, burning incense, scattering rose petals,
and giving magical gifts to each other on coronation day.
And the witches have already begun casting spells to ensure good weather for King Charles Big Day. Didn't work out. No.
We're all doing spells at the moment for good weather. Pagan witch and main
organizer Julie Aspinall told The Sun, I'm doing a
spell every day for good weather. It doesn't have to be boiling hot, just no rain.
And so far the forecast is no rain. So I'll keep doing it.
Well, the coronation ritual will take place at the Festival of Witches and Pagans,
being held in Coventry over coronation weekend.
More than 2,000 people were expected to attend the event,
which featured a range of workshops and rituals from wand making to crystal skull healing.
All right, now this next one is, this is what I wanted you all to see and hear.
Let's look at this.
So the event has been organized by Julie and her coven,
the coven of Gaia,
who said that King Charles had always been very supportive
of the pagan community.
We know King Charles is the head of the Church of England,
but to us, he's very pagan in his beliefs, too.
So Julie, a security dog trainer by date, told The Sun his invitation featured the green man and lots of other pagan symbolism.
OK, so this is now this is an article from about a month ago. King Charles' coronation invite becomes engulfed in paganism row
over prominent use of ancient green man symbol
that has appeared in churches for centuries.
So this is a picture of the invitation.
If you didn't get yours, here's a picture of it, okay?
So notice down at the very bottom there,
down in the bottom center, the green man. Now this is on the official invitation for the coronation of the King of England. So whatever is being featured on here is something that would have
to have been approved by the King himself. Yes. So it's no accident that someone said,
you know, I think I'll just put a green-headed guy on there.
No, there's a reason why the green man is on there.
Because the king wanted it.
That's right.
So who is the green man?
Well, the green man is a symbol that comes out of paganism.
And basically, if you want to go all the way back in the history of it, it goes back centuries.
It actually starts with the idea of what's called the quest of Seth.
And the legend is that Adam's son Seth planted three seeds under Adam's tongue
after the fall and then out of that sprang vegetation and growth and all these
things. That's where the original fable came up. Now it got transpired down through the centuries
and back about 200 years ago, it started popping up in a lot of British icons and British literature
and things like that. It've been around for a while.
They're always trying to change the Bible.
Yes.
But the idea is the green man there is sprouting vegetation from his eyes,
from his mouth, from his nose, from his ears.
I think it's appropriate that King Charles put that on
because he is an extreme environmentalist.
He is the green man.
Who said that we needed a military operation to fight climate change.
So he is an extreme green man, an extreme greenest, if you will.
Yeah.
Now, okay, the next one.
You can't make up this stuff.
You just can't make it up.
We got a short video clip from the coordination.
Watch.
Let's watch this again.
All right.
Let's try to zoom in on this this time.
Who is that, Rick?
Well, it looks like the Grim Reaper.
This was at Westminster Abbey this weekend at the coronation.
So did the Grim Reaper pay a visit to Westminster Abbey during King Charles III's coronation?
Let me tell you something.
Nothing happens at events like this by accident.
There's no way someone accidentally walked by there.
Dressed like a grim reaper.
Right.
Someone is sending a message.
Yes.
Someone is sending a direct message.
Has this ever happened in previous coronations?
Not that I'm aware of.
That was my thought today. Is this a one-time event? I mean, did it happen
at his mother's coronation? That's a great question. Now,
someone else pointed out that it could be the Green Reaper
or it could be someone dressed as a druid.
And I thought about it as a druid.
Okay, but still.
Why?
It had to be incorporated into the coronation event.
That's right, because this is the highest security event that England's going to see until the next king or queen takes the throne. So there's no way someone just accidentally walked by a doorway in Westminster Abbey either dressed as the Grim Reaper
or dressed as a Druid. Maybe there was a Druid ceremony
going on at the same time, Rick. We know there was pagan ceremonies
going on at the same time, not necessarily in Westminster Abbey.
If the man represents the Grim Reaper, then what message is King Charles
sending to the world?
Death and destruction?
A pale horse?
You know, I don't know.
It's actually not a pale horse.
It's a green horse.
Yes.
Maybe the death and destruction, the famine and everything comes from the green movement.
Why do weird things have to happen that draw our attention?
Because the leaders of this world worship Lucifer.
It's just that simple.
Doc, it's just that simple.
Many leaders of the world worship Lucifer. It's not that they're just unsaved. You can be unsaved and not a worshiper of the devil. But you have people in
high places who are avowed Luciferian devil worshipers. And to me, our suspicion about King Charles
has been confirmed. He's showing us. He's showing us who he is, what he is.
So I guess we're going to, if he gets his way, to me, I think he's telling us
there's going to be death and destruction involved in his kingship.
Well, there are those that would be saying, well, Rick, you know, these paganists, these witches, these druids and everything, they don't have any genuine power.
They can't do anything.
They're just playing dress up and everything.
But the Bible says in Ephesians 6, 12, for we wrestle not against flesh
and blood, but against principalities, against power. Well, if you're wrestling with something,
that means they're fighting back. That's right. Something is fighting back. That's right. They do
have power. And I think it's time for a lot of believers to wake up to that fact that these individuals have genuine power.
But the power of Christ is greater.
But we don't invoke the power of Christ.
But they derive their power from Satan.
Right.
They're doing his work.
Well, on another note, for the king's reign,
his commonwealth is going to get smaller.
My favorite Caribbean islands,
St. Kitts and Nevis, want to separate from the commonwealth. Here's the new prime minister. This is in the Telegraph today. St. Kitts and Nevis will never be totally free under King
Charles as the prime minister. And he's absolutely right. And that's the new prime minister, Dr. Terrence Drew.
London's Telegraph reported that the prime minister of St. Kitts and Nevis
planned to open a debate on the Twin Island Caribbean nation
about ditching King Charles and the British monarchy.
The move comes after Jamaica and Belize announced similar intentions last week
on the eve of the coronation of King Charles and Queen Camilla. Dr. Terence Drew, the prime minister of St. Kitts and Nevis, says his country
will never be totally free until it breaks its constitutional links with the British monarchy.
He also said that the British monarchy should apologize for its past links to the transatlantic
slave trade. Another related article here,
this is from the BBC and this is today.
King Charles III as head of state in St. Vincent
and the Grenadines, absurd.
So the BBC is reporting that the prime minister
of St. Vincent and the Grenadines has said,
having a British monarch as head of state is an absurdity.
He would like to end in his lifetime.
Ralph Gonsalves said he would welcome an apology
from the British state and monarchy on past injustices relating to slavery.
He said he believes King Charles III is open to talking about reparations.
So a big move happening in the Caribbean.
I think we're witnessing the end of
colonialism. It's finally coming to an end. And these Caribbean nations, they were colonies.
You know, the black residents were not indigenous people. They were transported there from Africa to work for
the British companies. And here they are to this day. Yeah, they have partial autonomy,
but their head of state is still the monarch of Great Britain. Officially, they are supposed to be swearing allegiance
to the king and queen of Great Britain.
It's coming to an end.
The Caribbean nations are saying,
we're done with this.
We want to be free and independent states,
and I applaud them for it.
St. Kitts and Nevis, I love that little country. I haven't been there in years.
It is a wonderful country and a wonderful people. And I wish them well. And I hope that they
achieve their total freedom and liberty as a free and independent country and all the other countries
in the Caribbean, Belize and Jamaica, all of them.
They all need to be set free.
So things aren't getting, they're not starting out too well for King Charles.
We got one more story here before we take a break.
This is New York Post.
This is at a Catholic church in New York City
I have visited that church
have you?
yes
God is a transvestite
that was the exhibit
at a
what's described
very liberal
New York City
catholic church
now it's blasphemy doc
it is
it's not
it's not politics
it's blasphemy they doc. It is. It's not, it's not politics. It's blasphemy.
They're blaspheming a holy God. And, uh, this, this is a sign of the last days. Folks, look,
if you haven't read this book, this is a, that story right there, what you just saw,
that is a good reason for you to buy this book.
We are in the final days.
And the final day, the last day of the final days is coming.
What do you think it's going to look like?
Do you think that they'll be calling God a transvestite in the last days?
That's what it looks like.
We're in the very final days.
And the final day is coming. I encourage you to go to Amazon
and order this book. Hang in there. We'll be back in just a few seconds. All right, welcome back to the second part.
This next story, I read Saturday in the London Telegraph.
I haven't seen anything in the USA that touches this subject, Doc.
Half of America's banks are potentially insolvent. Half, half of the banks. This is
an article written by Ambrose Evans Prashard. I've been following him, I guess, for about 20
some years, Doc. He is an excellent financial writer for the Telegraph.
And this is his article that he put out late last week.
But have you seen any American newspapers say,
hey, folks, pay attention.
Half of the banks in America are insolvent.
No, because they want the American people
to be clueless about what's going on with the banks.
Because if you said half of the banks in the U.S. are insolvent, what would happen?
There'd be bank runs at all the banks.
Well, referencing the London Telegraph article here, Ambrose Evans Pritchard writing in the London Telegraph reported that approximately 2,000 U.S. banks are technically insolvent. Mr. Evans Pritchard wrote in his column that the twin
crashes in U.S. commercial real estate and the U.S. bond market have collided with nine trillion
uninsured deposits in the American banking system. Now, such deposits can vanish in an
afternoon in the cyber age. The second and third biggest bank failures in U.S. history
have followed in quick succession. The U.S. history have followed in quick succession.
The U.S. Treasury and Federal Reserve would like us to believe that they are idiosyncratic.
That is a dangerous evasion.
Now, we're going to walk you through some of the details of this particular article here.
We'll comment along the way.
Doc, before we go on to this, I want to just comment about something he said here.
The second and third biggest bank failures in U.S. history have followed in quick succession.
If you go back to 2011, Lehman Brothers collapsed. Pretty much the world came to a stop. I mean, the financial system was teetering.
It was the U.S. banking system almost imploded.
They called a secret session of the U.S. Congress.
This is when President Bush demanded passage of what they called TARP, the bailout funds, the bailout for the banks because they were right on the edge of triggering a collapse of the derivatives, which would have been, some people think, a quadrillion dollars in derivatives.
That's what was happening.
Doc, everybody was paying attention to the banks.
Everybody was paying attention to the collapse of financial institutions.
We just experienced the second and third biggest bank collapse in American history.
And it's just been the past 45 days.
The past 45 days
and nobody's talking about it.
No. Nobody seems worried about it.
Nobody's worried about it.
Everybody's jacked up on
some kind of drug.
Because they've learned from 2011
that we can just print our way out of this.
But there's going to come a time
where there's not going to be
more trees left. I mean,
so they have to, and plus you've got the new digital currency because they're not being told,
Rick. So there it is. There's a telegraph in London that people in London are reading that
half of the American banks are insolvent, but nobody in the United States knows about it,
except those of us who read the London papers. So starting into the article here, it says about almost half of
America's 4,800 banks are already burning through their capital buffers. They may not have to mark
all losses to market under U.S. accounting rules, but that does not make them solvent.
Somebody will take those losses. Now, so what are they saying there?
They're cooking the books.
They're cooking the books in order to make it appear that banks are solvent.
It goes on to say it's spooky.
Thousands of banks are underwater.
That's coming from Professor Amit Saru, a banking expert at Stanford University.
Let's not pretend that this is just about Silicon Valley Bank and First Republic. A lot of the U.S. banking
system is potentially insolvent. A Hoover Institution report by Professor Saru and a
group of banking experts calculate that more than 2,315 U.S. banks are currently sitting on assets worth less than their liabilities.
The market value of their loan portfolios is $2 trillion lower than the stated book value. Now,
let that kind of seep in a little bit. If you owe more than you got, you're broke.
So the banks are upside down. Yes.
Upside down in what?
Commercial real estate loans.
Right, and the bond market too.
And the bond market. So what does that mean?
Well, over the past couple weeks,
we've done several articles
about the commercial real estate market
and its potential collapse.
You're seeing major cities like San Francisco,
LA, other places where
commercial real estate is sinking like quicksand.
Nationally, experts are expecting a 30 of millions of dollars of commercial real estate
loans and the value of those properties are now 30 to 40 percent less than the appraisal
of those properties on the day you approve the loans. And will continue to drop.
And will continue to drop.
And if the owners walk away from it,
because office buildings are empty everywhere
except here in Florida,
it's hard to find good buildings here right now
that are empty.
And they're building everywhere.
Yeah, but in the rest of the country,
commercial real estate is sitting empty.
If the owners of those buildings go under
or just walk away from those buildings,
just turn the keys back to the bank,
what does the bank do with a commercial building
that's worth 30 to 40% less than the loan
that they gave on it?
They can't turn around and sell it.
They'll take a loss.
So do they hang on to it?
Or do they play the games like they did
in the last mortgage crisis
where they hid the houses off the market?
Can you hide a 32-story office building that way?
Well, yeah, that's true.
We had a shadow inventory of houses, particularly here in Florida after the 2008-2009 real estate crash.
They simply didn't show up anywhere.
My neighbor's house, I don't live there now, but Doc, I moved into that subdivision I think 2013, and my neighbor's house was empty.
It had been foreclosed.
The house I bought was foreclosed.
My neighbor's house was foreclosed.
And it was empty right up until about six months before I moved out at the end of there in early 2021. So from 2013 to 2021,
it was empty. But if you search for it in banking records, if you search for it on the
multiple lists, it didn't exist. That's right. It wasn't there.
And there were places like that all through Florida here.
I mean, you'd see houses boarded up with hurricane shutters and everything.
Someone was cutting the grass, but that's it.
The bank was paying for the upkeep,
but they hid it from the public.
And then as things improved here in Florida, they started rolling them out.
But anyway, back to Evan Pritchard's article here.
It says one of the 10 most vulnerable banks, speaking about the banks in this article,
is a globally systemic entity with assets over $1 trillion.
Three others are large banks. He says it's not just a problem
for banks under the $250 billion mark that didn't have to pass stress tests, he said.
He said U.S. commercial property prices have so far fallen by 4 to 5 percent. Capital economics
expects a peak to trough decline of 22 percent This will wreck further havoc on the loan portfolios
of the regional banks that account for 70% of all commercial property financing.
That's important right there. The regional banks. In the past couple of weeks, we've seen a lot of
turbulence in the share prices of regional banks, PacWest and others. That's
it right there, Doc. The regional banks are holding 70% of the commercial property loans.
So in this game of musical chairs, the regional banks just got left without a chair, didn't
they?
Yes, they did. That's where the carnage is going to be,
in the regional banks.
That's why the shares are dropping.
Because investors know,
they're seeing these numbers
and they're realizing this is not good.
Over the next two to three years,
the regional banks are going to hurt.
Now, the article goes on to say
that in a worst-case scenario,
it could create a doom loop,
which accelerates a real estate downturn, and that then feeds back into the banking system.
And that's coming from Neil Shearing, the group's chief economist.
He says, and perverse incentives created by the Fed and the U.S. Treasury over many years,
culminating in the violent lurch from ultra-easy money to ultra-tight money now underway.
They created the interest rate risk on a galactic scale.
Now they're detonating the delayed Titan bomb of their own creation.
Chris Whalen from Institutional Risk Analyst said we should be
wary of a false narrative that pins all the blame on miscreant banks. The Fed's excessive
open market intervention from 2019 through 2022 was the primary cause of the failure of First
Republic as well as Silicon Valley Bank, he said. So he's putting the blame
for the failures of these banks right back at the Federal Reserve.
So the trillions of funny dollars, funny money, particularly during the COVID crisis,
is responsible for this financial mess that these banks are in right now.
But the Fed will never take ownership.
They just go from creating a crisis
to managing the crisis that they created
and creating a future crisis
with the decisions that they made
to correct the last crisis that they made.
All right, so they create a crisis,
they introduce, measures to straighten things out,
and then they create a crisis for the future. That's been the history of the Federal Reserve ever since that thing was created in 1913. The Great Depression was a creation of the Federal Reserve.
I mean, the Federal Reserve has been the most destructive force in the American economy since 1913.
Now, it's made a certain group of people very rich
because they knew the rules before anybody else knew.
They're changing the rules.
They know where the next crisis is going to be.
And their inner circle is always a step ahead of the general public.
And one other aspect to this is the bond market, too.
The bond market is a lot of your pension funds, a lot of insurance companies
have their money based in the bond market
because it's safe, secure,
supposed to be for the long term.
But Mr. Whalen said,
U.S. banks and bond investors
are holding the bag on $5 trillion
of implicit losses
left by the final blow-off phase
of the Fed's QE experiment.
He said, since U.S. banks only have about $2 trillion in tangible equity capital,
we have a problem, he said.
So what does that mean?
That means you could see collapse of pension funds.
You could see insurance companies turn completely upside down.
He predicts...
Remember, the insurance companies are also suffering from the COVID deaths.
COVID payouts, too.
Not COVID, the vaccine payouts.
The people that are dying from effects from the vaccines, the fake vaccines.
The life insurance companies have these astronomical actuary numbers right now. They don't make sense.
According to standard insurance rules, Doc, a lot of people are dying in the past two years.
So the insurance companies are also getting hit with the vaccine deaths.
And now they have to deal with the collapse of commercial
real estate. And why is commercial real estate collapsing? Because they shut down the cities
with the mandates. And in these major cities, you still have workforces that have not returned to
the office. And why should they? Why should they at this point?
Now, Mr. Whalen is predicting that the banking crisis will keep moving up the food chain from the original outliers to mainstream banks until the Fed backs off and slashes rates by at least 100 basis points.
But according to the article here, the Fed has no intention of backing off.
It plans to raise rates further. It continues to shrink the U.S. money supply at a record pace with $95 billion of quantitative tightening each month.
So it's a catch-22 situation here in that the Fed, in trying to stem inflation,
is raising interest rates.
But by doing that, it tightens the money supply
and doesn't allow for the growth,
especially in the commercial and residential real estate markets.
And you've got a lot of commercial real estate loans that are rolling over.
And now they have to roll over at higher interest rates.
So if the commercial real estate investors
are having trouble making their mortgage payments right now
because of empty offices,
how do they make their mortgage payments
when their interest rates go up?
So you're making the problem even worse.
So I just, look, this is,
take a proactive, positive view.
There are going to be awesome deals
in commercial real estate.
This is not a time to be buying commercial real estate.
I would not invest in commercial real estate right now.
You want to hold on to cash, build up your cash supply.
If you need or desire a commercial property, just wait. Be patient. Cash will talk.
The question is, how long will that be? Will it be six months, 12 months, 18 months?
I think over the next 18 to 24 months. It's not going to be right
now, depending on what market you're in. But the deals will really be evident once you get into
2025, 2026. Look, a lot of these commercial office buildings and shopping malls and so forth they're going to
be converted to housing yeah we're seeing that happen here in florida in northern florida
where malls are being turned into residential housing communities
with stores and everything in them so people are not going back to the big offices
but they brought that on themselves
with their COVID policies.
But was it deliberate?
Is this all part of a planned implosion
of the American society?
I tend to believe yes,
that this is all a deliberate planned implosion.
They're bringing down the society
so that they can build what they want.
Their new world, their own, their revised new world order. That's what I think they're doing.
So if you are a child of God, if you are in the economy of heaven and not of the world,
you don't have to suffer through it.
You can just be plugged into God's economy and the Lord will show you the steps to take.
He'll tell you when to buy, when to wait it out. He'll tell you where to buy.
He'll give you instructions. He's a great real estate advisor.
I think the Holy Spirit's the best real estate advisor you can get, Doc.
He's helped me make some great decisions.
Just ask him for advice.
I want to go on to World War III.
In our last 10 minutes here,
today Russia launched a massive drone attack on Ukraine.
Tomorrow is the
Patriot Day.
Patriot Victory Day, the celebration
of the victory over
the Nazis in World War II.
There is a Russian report,
although I can't find any
American article
to substantiate it.
There's a Russian report that said
that there were American
World War II veterans
that wanted to go to Russia
to be
in the parade,
not participating
in the parade, but to view the parade
because they had
Russian
veteran friends, men that fought and survived World War II.
And they, you know, we were allies at one time in World War II.
And that these American World War II veterans wanted to go to Russia to be with their Russian veteran friends and celebrate the defeat of the Nazis.
According to the Russian report,
the U.S. State Department threatened
to revoke their passports.
I don't know if that's true.
I can't verify it in the United States,
but it would be interesting to see if it is true.
Are we at that place now
that you can't even visit Russia?
That you will lose your passport if you go?
One story I saw this afternoon, NATO forces on high alert after Black Sea incident.
This was a statement from the NATO headquarters.
Right. So NATO air policing units have been placed on heightened alert in response to the, quote, dangerous behavior of a Russian military aircraft near a Polish front-test aircraft over the Black Sea near Romania on Friday.
NATO remains vigilant. the Russian planes got close enough where the Polish plane was shaken and it was wobbling in the air.
And so then they ended up having to land.
There was no direct contact or anything like that,
but it was enough turbulence flying by the Polish aircraft that it caused it to have to land.
That's why it was such a unique incident.
We're going to see more and more like this as time goes on.
And it only takes one confrontation in the air to start an all-out war.
So we've got NATO forces on high alert in the Black Sea.
Well, after the Black Sea, not just in the Black Sea, because NATO is not in the Black Sea. Well, after the Black Sea, not just in the Black Sea,
because NATO is not in the Black Sea.
So we have NATO forces on high alert.
The next article is South China Morning Post.
China's military told to be on high alert.
Doc, when I read in one hour that NATO's on high alert and the PLA is on high alert.
That means the world is on high alert.
That kind of makes me a little uneasy.
That tells me Rick should be on high alert.
I should be prepared.
I should be watching carefully to see what happens. This alert was issued because the United States, Japan and South Korea are moving closer to a military alliance against China.
And so the South China Morning Post reported that China should be on high alert as the U.S., Japan and South Korea move closer militarily.
The official PLA newspapers warn, saying it would undermine
security in the region. This comes as the U.S. has been conducting more frequent drills with
its two Asian partners and amid a push for more intelligence sharing between them,
while Seoul and Tokyo seek to mend their ties. The PLA Daily article written by two researchers from the PLA's Academy of Military
Sciences said the alliance being forged by the three countries would lead to more confrontation
and tensions in the region and would have a serious impact on security. Now, it pointed to
recent military cooperation between the nations, including drills, information sharing, and joint weapons programs and their military expansion plans.
So we've got new alliances that are being formed.
Former enemies are now friends.
Former friends are now enemies.
We've got Japan that is transitioning to the Atlantic Ocean.
So we've got all these things.
And NATO. NATO is opening up a franchise in the Pacific.
That's right.
The North Atlantic Treaty Organization
has opened up a Pacific franchise with Japan.
Wall Street Journal reporting
that a Chinese company now owns a tutoring firm
that's contracted by the U.S. military in American schools.
That's right. So the Wall Street-
Yeah, I believe it.
Only under Beijing Biden could stuff like this happen.
And there doesn't appear to be anything that's going to change at any time soon.
The Wall Street Journal reported that Princeton Review and Tutor.com say
a Chinese private equity firm has received
regulatory approval to buy the test prep company and online tutoring platform more than 15 months
after the acquisition closed. Primavera Capital Group, based in Hong Kong, quietly purchased the
well-known brands from Korean education company ST Un in January 2022, at a time of increased scrutiny
of Chinese investment in the U.S. Now, Tudor.com has a longstanding contract to provide its
services free to active duty, reserve, and other U.S. military service members,
Defense Department personnel, and their dependents. It also holds
contracts with school districts, including those in Los Angeles, Patterson, New Jersey,
and Loudoun County, Virginia, to provide online homework help and subject matter tutoring and is
listed as a vetted vendor by the Texas Education Agency, the New Hampshire Department of Education, and agencies in other states.
So the question is, how much access will China have to the information that's brought?
They'll have access to everything at this point.
Yeah, so they'll have the clients' data, the people that are using the customer data,
the people that are using the customer data, the people that are using the service, but also, Doc, how much communist propaganda
will the Chinese company now introduce
into the educational tutoring?
You know, if you just slightly tweak the recipe
and you add a little bit more salt.
How much communism are they going to add
incrementally over the next five years?
I guess what surprised me about this article
is I didn't know that they were owned by a Korean company.
And so we have no regulatory control
over what South Koreans do as far as how they
regulate their companies and everything, but we could apply pressure. It just seems like in this
time of increased concern over China and China's intelligence gathering services and everything,
that there'd be a better solution than the South know the south korean selling to the chinese um now we saw that story
the other day the education system is about we flipped over here over the next year or two
because we saw that story the other day where ai now is changing everything about how
homework is done how lesson plans are made made. And now we see artificial intelligence tutoring
taking place. I mean, that's happening right now. And so this whole industry could get flipped
around as well. But what influence will China have in developing that AI tutoring system too?
All the questions we need to ask. So in recent weeks, a lot of left-wing online news organizations have had
financial troubles. A couple weeks ago, BuzzFeed News closed up. And so you see various reports
that news organizations are struggling to keep their doors open. Well, Vice is one such company, and they filed for bankruptcy.
And you know, when I read that, Doc, I thought about it. I had a former employee.
He used to tell me that I needed to change True News to be like Vice. And he really pressured me
a lot. He's not here anymore. But he pressured me a lot to change True News.
And he said, Rick, you're running it wrong.
You're running True News wrong.
You need to be like Vice.
Well, Vice filed bankruptcy.
Right.
We didn't file bankruptcy.
We're solvent.
Okay.
So if I had taken his advice, I'd be bankrupt.
Okay.
Sometimes it just pays to be a boring turtle.
Just plodding along.
Just plodding along.
I see these well-funded fancy rabbits racing off.
Hey, little turtle, you're not going very fast. Oh, fancy rabbit,
are you upside down? Your feet up in the air? Your belly up? You went bankrupt? Oh, too bad.
We're just going to keep going. So Vice Media filed bankruptcy, but guess who's coming to the rescue?
There he is, George Soros.
And he's going to shell out $400 million to buy a bankrupt left-wing news organization.
I've never understood things like that, Doc.
If it's bankrupt,
it means it's not making any money.
It means it can't produce a profit.
Why would you pay $1 for it?
Right.
Unless there's something
that you want out of it.
$400 million worth?
But anyhow,
there you see, Mr. Soros.
He's got lots of money.
And he's propping up these left-wing news organizations.
And he only uses his money for influence, for propaganda.
Only for influence.
So I appreciate the people that support True News with your gifts.
Thank you so much.
We really appreciate you. We rely on you 100%. We don't have a George Soros that puts millions of dollars into True News.
We just have you. And I invite you to continue throughout 2023 to financially support True News. If you haven't given anything
to True News or if it's been a long, long time, I'm asking you this year, do something every
single month and send a gift, become a recurring donor and prop us up. Look, as I said, there's
been a lot of people, a lot of organizations that have come
and gone. They have honked their horns as they bypassed us and shouted slurs and obscenities and
insults at us. And yet they just fall off and disappear. And true news just keeps going.
You can count on us.
We keep going.
I've been here, you know, this month.
We're looking at a 25-year history, isn't it?
Yes.
Anniversary coming up.
25 years.
That's a quarter of a century.
We have been here faithfully.
And I'm asking for new people, new supporters, new donors to become faithful.
Stand with us every month.
I got one more thing I want to share.
I'm going to skip down.
I want to end something on a positive note.
I don't know when this video was recorded.
Guys in the control room,
I'm going down to 53.
I don't know when
this was recorded.
It may have been recent.
It may have been
a couple years ago,
but I didn't see it
until a couple days ago.
So it's new to you.
It's new to me
and it made me smile
and it made me cry
and it made me happy.
And this is what it's all about.
Watch this video.
I believe that Jesus is the Christ, the Son of the living God.
Thank you for your confession, Lord.
Alright, Scott and I are going to baptize you now
in the name of the Father, the Son, and the Holy Spirit
for the forgiveness of sins and the gift of the Holy Spirit.
We're going to go real slow, okay?
Just let go.
We got you.
Back to your seats.
Okay.
Back at you. Let's get forward a little bit.
We're going to go down as far as we can, but we're not going to put you in danger, okay?
Here we go.
Down.
All right.
That's good.
All right.
Awesome!
Awesome!
So, Hal, that church got a baptismal tank into the hospital.
Right. And it was the hospital that published this video,al tank into the hospital. Right.
And it was the hospital that published this video, actually. Did they really?
Okay.
Boone Health Systems.
And they had to basically use a crane to get him up out of the bed
and lower him gently down into the baptismal tank.
What surprised me, having been a pastor, is getting a baptismal tank into the ICU.
And so no excuses, right?
No excuses.
There are no excuses.
That dear saint left this world baptized.
Yes.
And he's saved.
He's in the church.
He's in the body of Christ.
He believed in the name of Jesus Christ.
He confessed Jesus Christ as Lord and Savior.
He repented of his sins and he was baptized.
Therefore, he is saved.
Thank you for watching True News.
We'll see you tomorrow.
God bless you.
You have been listening to True News with Rick Wiles.
Thank you for listening.
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