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Since The COVID Pandemic Began, Tech Billionaires Saw Their Wealth Skyrocket As 40 Million Americans Forced On Unemployment, Food Lines

How billionaires like Jeff Bezos, Bill Gates and Elon Musk and other global elites got $637 billion richer during the coronavirus pandemic.

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From March to June 2020, Amazon founder Jeff Bezos saw his wealth rise by an estimated $48 billion. The founder of the video-conferencing platform Zoom grew his nest egg by over $2.5 billion, and former Microsoft CEO Steve Ballmer’s net worth increased by $15.7 billion.

While lines at food pantries across America stretched out over a mile long, America’s tech titans were piling up their cash reserves at rates nearly unimaginable to the average person. While some of you received a COVID ‘stimulus check’ for $1,200, people like Bill Gates, Jeff Bezos, Elon Musk got the much larger slice of that 2 trillion dollar pie. While some of you were filing for unemployment, the billionaires were signing papers on yachts and mansions. Are they profiting off of our collective misery? You can bet you bottom dollar on that.

“For we brought nothing into this world, and it is certain we can carry nothing out. And having food and raiment let us be therewith content. But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness. Fight the good fight of faith, lay hold on eternal life, whereunto thou art also called, and hast professed a good profession before many witnesses.” 1 Timothy 6:7-12 (KJB)

These billionaires are part of what is known as the ‘global elites’, and these are the people that rule the world. They are going to force you to take a vaccine and digital ID because Bill Gates has decreed it to be so. He is not content with all his wealth, now the only thing that interests him and all the others is control. Control of me and you. The global elites are the ones who forced us into lockdown, forced us into mask wearing, and are now forcing us to the brink of extinction.

How tech billionaires like Jeff Bezos, Bill Gates and Elon Musk got $637 billion richer during the coronavirus pandemic

FROM BUSINESS INSIDER: From March to June 2020, Amazon founder Jeff Bezos saw his wealth rise by an estimated $48 billion. The founder of the video-conferencing platform Zoom grew his nest egg by over $2.5 billion, and former Microsoft CEO Steve Ballmer’s net worth increased by $15.7 billion.

These kinds of examples might lead you to think that when billionaires profit during a crisis, it’s just a matter of right place, right time. Well, that’s not false, but it’s not entirely true either. Casino magnate Sheldon Adelson saw his wealth increase by $5 billion, while Elon Musk saw an increase of $17.2 billion. When you add up the numbers, billionaires in the United States have increased their total net worth $637 billion during the COVID-19 pandemic so far.

At the same time, more than 40 million Americans filed for unemployment. With tens of millions of Americans out of a paycheck and the stock market plummeting by 37% in March, how is it that the rich have continued getting richer?

This isn’t the first time billionaires have seen gains while a large portion of Americans were feeling losses. When the housing bubble burst in 2007, home prices fell 21% and roughly 3.1 million homes were foreclosed on in the United States. The stock market plummeted by over 50%. And by the end of 2009, 8.8 million Americans had lost their jobs. And the effects lingered. From 2009 to 2012, the incomes of the bottom 99% grew by only 0.4%, but the income of the top 1% grew by a staggering 31.4% in the same time span. And it all ties back to two things.

First, the government disproportionately gave more aid to banks and corporations. In 2008, the Emergency Economic Stabilization Act was signed into law, creating a $700 billion program to purchase devalued assets from banks. This was called the Troubled Asset Relief Program, or TARP. Later, President Obama would direct $75 billion in funds from TARP to help reduce interest payments for homeowners. That means homeowners received around 10% of the direct relief that banks and corporations did.

And this leads to reason No. 2. When the stock market bounced back, the unequal bailouts meant that the wealthy still had money on hand to invest and thus profit, while the middle and lower classes did not. In 2008, the Federal Reserve lowered short-term interest rates to near zero. They would remain that low for nearly a decade. This paved the way for a historic bull market on Wall Street that began in 2009 and lasted until March 2020, when the pandemic hit.

In that time, the S&P 500 gained 462%. That means that a $1,000 investment in the S&P 500 at the low point of the financial crisis could have returned roughly $4,620, while someone who could afford a $1 million investment could have pulled in over $4.6 million.

By 2009, the world’s high-net-worth individuals had grown their share of global wealth by 19% to $39 trillion, recouping nearly all of their losses in a single year. That quick recovery and larger share of the world’s wealth enabled them to continue to make money at an exponential rate. In fact, the top 1% captured 95% of the income gains made from 2009 to 2012. And by 2020, the combined wealth of the billionaire class in the United States had increased by over 80%.

Which brings us back to the moment when the coronavirus pandemic rocked the economy. In 2019, the Fed reported that four in 10 Americans didn’t have enough cash in their bank accounts to cover a $400 unexpected expense. And in the first few months of 2020, 40 million Americans found themselves unemployed due to COVID-19. Many small businesses had to close due to lockdowns and social distancing, while others were forced to try to operate with entirely remote staff.

The Small Business Administration made $349 billion available to small businesses with the Paycheck Protection Program. But like in 2008, $243 million of that was snapped up by large, publicly traded corporations, some of which were valued at over $100 million. Even hedge funds submitted claims to try to tap into what they saw as free money.

On March 16, 2020, just five days after COVID-19 was declared a pandemic, the Dow suffered the worst single-day points drop in its history. But by June 4, seven of the world’s richest people had seen their fortunes increase by over 50%. Part of what made this possible was a stock-market rebound fueled both by the Paycheck Protection Program and actions by the Fed. Again, the Fed lowered short-term interest rates for banks to near 0%, and as before, they have promised to hold those rates low until the economy is on track.

This is a cycle that has happened time and time again. During the earthquake in Haiti in 2010, only 2.5% of the $195 million of relief funds went to Haitian companies. Much of the rest was awarded to DC-based construction companies. And when Hurricane Katrina struck New Orleans in 2005, real-estate developer Joseph Canizaro said the clearing out caused by Katrina represented some “very big opportunities.” Canizaro was selected as part of a panel to develop the Bring New Orleans Back plan, part of which put a stop on reconstruction of low-income neighborhoods until the residents returned. Of course, residents couldn’t return to their destroyed homes, and many were foreclosed on, paving the way for others to buy those properties and develop them.

When the time did come to rebuild New Orleans, the engineering and construction company KBR received no-bid contracts from the federal government for tens of millions of dollars. KBR received $31 billion in contracts from the government between 2001 and 2010. Vice President Dick Cheney served as CEO of KBR’s parent company, Halliburton, for the five years leading up to his two terms in office.

Combined with their immense investing and purchasing power, billionaires have had government resources in addition to their own resources to profit from during economic upheavals. And wealth-friendly tax laws and loopholes then keep those billionaires at the top. Legal structures such as limited liability companies protect personal assets from being repossessed to pay the debts from business downturns. As it’s set up today, IRS rules allowed Amazon to pay $0 in taxes two years in a row. When its bill finally came due in 2019, it paid just $162 million, a measly 1.2% of the company’s income that year.

And it’s not just Amazon. Taxes paid by billionaires have decreased 79% since 1980. And those are just the legal avenues that the wealthy take to avoid paying taxes. In 2017, researchers estimated that about 10% of the world’s GDP was stashed in offshore tax havens. A study in 2012 found that as much as $32 trillion was being held offshore by the world’s wealthiest people. READ MORE

How Billionaires GOT RICHER in the Pandemic

Now The End Begins is your front line defense against the rising tide of darkness in the last days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

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But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,600+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

 


 

 

 

Donald Trump

Trump Attempts To Purchase A Republican Midterm Victory With A ‘$5,000 Dividend Promise’ Paid For By The Same American Taxpayers He Is Asking To Vote

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Where Are The DOGE Checks, Tariff Rebates, $2 Gas And Cheaper Groceries Donald Trump Promised Before Unveiling His New $5,000 Dividend last night?

Donald Trump has returned to the political stage with yet another spectacular promise of free money, this time pledging a $5,000 “Trump Dividend” to every American adult—but only if Republicans retain control of Congress in November. That is not an economic plan; it is an election-year cash inducement with Trump’s name stamped across it. Washington is already drowning beneath more than $40 trillion in debt, yet Trump is dangling a payout that could cost approximately $1.3 trillion without explaining where the money will come from. The message could hardly be more blatant: give Republicans your vote, and Trump says he will give you a check purchased with your own tax dollars. Now we see Donald Trump for who he really is, a shameless conman who will say anything, do anything, and promise anything to retain power. Please see the following 9 unfulfilled promises he has made over the past 18 months.

“I said in my haste, All men are liars.” Psalms 116:11 (KJB)

But before Americans begin spending this imaginary $5,000, perhaps we should ask what happened to all the previous promises. Where are the DOGE dividend checks? Where are the tariff rebate checks? Where is the 10% cap on credit-card interest? Where are the dramatically lower interest rates, cheaper groceries, lower electricity bills and $2 gasoline? Wait, I know! 4D Chess and the Art of the Deal!

I’M STILL WAITING FOR…
1 THE DOGE DIVIDEND CHECKS
2 THE TARIFF REBATE CHECKS
3 LOWER ENERGY PRICES
4 THE 10% CAP ON CREDIT-CARD INTEREST
5 DRUGS THAT ARE “1,000–1,500% CHEAPER”
6 $2-A-GALLON GAS
7 CHEAPER GROCERIES
8 LOWER INTEREST RATES
9 A “GREAT HEALTHCARE PLAN” THAT ACTUALLY BECOMES LAW
Americans were told prescription drugs would become “1,000 to 1,500% cheaper,” a mathematical impossibility, while Trump’s so-called “Great Healthcare Plan” remains largely a collection of proposals waiting for Congress to act. Even where limited drug discounts have materialized, they bear little resemblance to the sweeping, fantastic claims repeatedly made from the podium. Liar, liar, pants on fire, Donnie.

This has become the Trump political formula: announce something enormous, attach his name to it, dominate the headlines and then move on before anyone asks whether it ever happened. The check is always “coming,” the prices are always “about to fall,” the healthcare plan is always just around the corner, and prosperity is always one more Republican election victory away. Now, with gasoline averaging more than $4 nationally and working Americans still being crushed by food, housing, insurance and borrowing costs, Trump is attempting to replace yesterday’s unfulfilled promises with an even bigger one. America does not need another campaign-show “dividend.” It needs accountability for the promises already made, and results that exist somewhere outside a Trump speech.

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

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But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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THE PROPHECY NEWS PODCAST: How The ‘Strange Fire’ Of Azusa Street, Oral Roberts And The Charismatic Movement Replaced The Authority Of Scripture Part 1

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From Azusa Street To Kathryn Krick: How The Strange Fire Of The Modern Charismatic Movement Replaced The Authority Of Scripture With Signs, Wonders And Seducing Spirits

The modern Charismatic movement began at Azusa Street by elevating supernatural experience above the written word of God. Charles Parham declared tongues to be the evidence of receiving the Holy Ghost; William Seymour carried that teaching into the 1906 Azusa Street Revival; and Aimee Semple McPherson later joined Pentecostal manifestations to celebrity, theatrical production and mass media. After World War II, William Branham popularized the “anointed man” claiming angelic visitations and supernatural discernment, while Oral Roberts transformed the healing tent into a television empire and turned miracles into merchandise through “seed-faith.” What began as emotional manifestations had become a profitable religious industry in which the preacher possessed the anointing, the audience supplied the money and the sick were blamed when the promised miracle failed.

Beloved, believe not every spirit, but try the spirits whether they are of God: because many false prophets are gone out into the world.” 1 John 4:1 (KJB)

The counterfeit continued mutating. The 1948 Latter Rain movement announced the restoration of modern apostles and prophets; the Charismatic Renewal carried tongues and manifestations into Protestant denominations and Roman Catholicism; Word of Faith preachers such as Kenneth Hagin and Kenneth Copeland turned faith into a force and giving into a formula for prosperity; Toronto and Brownsville normalized shaking, screaming, falling and uncontrolled behavior as evidence of revival; and the New Apostolic Reformation combined restored apostles, private revelation, territorial spirits, deliverance, Seven Mountain dominionism and Christian Nationalism into a global religious network. Through every stage, the same deadly exchange was taking place: “What saith the scripture?” was replaced by “What did you feel?” and the authority of the Bible was surrendered to whoever claimed to possess the newest prophecy, impartation or anointing.

Kathryn Krick is not a strange departure from that history—she is its logical conclusion. Azusa Street now has a smartphone, the healing tent has become a viral video, the prayer cloth has become an online course, and the travelling faith healer has become a social-media “apostle” commanding demons before millions of viewers. From Parham and Seymour to Branham, Roberts, Copeland, Bethel and Krick, the faces and technology have changed, but the spirit remains the same: another Jesus, another spirit and another gospel wrapped in signs, wonders and Christian vocabulary. The modern Charismatic movement promises believers more power while quietly removing the only authority capable of exposing the counterfeit—the preserved, inspired and infallible word of God. The fire that began on Azusa Street is still burning, but Christians had better test the spirits before they call the fire holy. Because it’s not.

On this episode of the Prophecy News Podcast, we show you the strange fire and the counterfeit signs, miracles, wonders and seducing spirits of the Charismatic Movement. This is Part 1 in a series.

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  • “You are truly an end time ministry and I appreciate how our Precious Lord is using you to educate his very own flock. There is a lot of confusion , but your ministry is putting scripture in the right prospective. Thank-you so so much Geoffrey S Grider for standing firm and putting in a lot of hours of your time. God Bless You , also your Ministry and your family. IN JESUS MIGHT NAME.” T. Muto
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  • I just want to thank you for the teachings you give every Sunday night on radio.  You are such a blessing to me. I absolutely love your way of teaching the scriptures.  I don’t have a church where I can have fellowship and teaching, so you have been my teacher for many months now. Thanks God you are there for all of us who have no church to go to.  I pray that the Lord will bless you abundantly in your ministry, and your loved ones too.  You are such a blessing to me, and many others, in these last days before the rapture.  Thank you so much Geoffrey, from the bottom of my heart. May the Lord keep you, until He comes back for us. You are in my prayers.” Donald Godin
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  • “Geoffrey has the best End Times News out there. I have been receiving his emails for years now and always enjoy his Sunday night messages although I don’t always think exactly as he thinks. We are all in this “boat of life” together and as I come to the end of my life’s journey here, I am more aware of Jesus’s call for us to be one as He and the Father are One.” Deborah Cleaveland

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This is the official gospel tract of NTEB, used here on the streets of Saint Augustine and sent around the world as they are purchased through our website. We ask you to prayerfully consider supporting the work of Now The End Begins by purchasing a box of these full-color, high-quality gospel tracts. Thank you in advance!

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Chaplain Turner At The Volusia Regional Juvenile Detention Center In Florida Wants To Give A Bible To Every One Of The Youths Placed In His Charge

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The Doors Are Open At Volusia Regional Juvenile Detention Center As Bibles Behind Bars Prepares To Reach Young Inmates With The Word Of God

The Volusia Regional Juvenile Detention Center may officially be listed as a 50-bed facility, but Chaplain Turner tells us that on a normal day he is ministering to somewhere between 60 and 75 young people at a time. These are teenagers as young as 12-years old and young adults who have already found themselves on the wrong side of the law, many of them frightened, angry, confused, and facing consequences they never imagined would come so quickly. But right there, behind locked doors and concrete walls, God has opened a tremendous door for the gospel of the grace of God. Chaplain Turner has asked us to help him put a Bible into the hands of every single youth in his charge, and that is exactly the kind of mission Bibles Behind Bars was created for.

“Wherewithal shall a young man cleanse his way? by taking heed thereto according to thy word.” Psalm 119:9 (KJB)

A teenager walks into detention frightened, angry, facing charges, perhaps wondering what is going to happen to his life — and waiting there is a chaplain who wants to put a King James Bible into his hands that we provided. With a daily population of 60 to 75 youths and hundreds passing through the facility over the course of a year, this has the potential to become a continuing pipeline of King James Bibles into the hands of young people at one of the most critical crossroads of their lives. Some of these youths may never have owned a Bible, never have heard a clear presentation of the gospel and many have families who have completely given up on them. But God has not closed the door, and neither should we. Let’s flood the Volusia Regional Juvenile Detention Center with enough Bibles for all of the, come help us!!

If God has prospered you, please take a moment to click on the donate button to help us in this monumental task of providing King James Bibles, New Testaments, scripture portions, gospel tracts as well as Spanish Bibles to inmates in jails and prisons from Florida to Alaska, and every state in between. We need your prayers, we need your generous financial support, and we need you to stand with us in the closing days of the Church Age. Thank you so very much, TO THE FIGHT!!!


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Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

nteb-free-king-james-bible-program-750-550

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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