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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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CLICK TO ORDER YOUR NTEB KING JAMES BIBLE GOSPEL TOOL KIT IN LARGE OR MINI SIZES

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

 


 

 

 

End Times

The Tech Titans Control Every Aspect Of Our Global Society From Determining Your News Feed To Electing Leaders, Can Anything Stop Them Now?

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The tech titans have created a world that they own and that they control, not knowing that they are controlled by Satan to carry all this out

The headlines today have been shocking as for most of the day a majority of cell phone users have been experiencing a total blackout of service for still unexplained reasons. Federal agencies are ‘urgently investigating’ whether the massive cellular outage that plagued Americans on Thursday was a cyberattack. It brings to mind the dystopian thriller produced by Barack Obama for Netflix called ‘Leave The World Behind’ about civil war and EMP attacks from the government. One thing is for sure, our global society is controlled by technology and the tech titans to such a degree that everything has become a conspiracy. No one believes anything anymore, and they shouldn’t.

“And Jesus answered and said unto them, Take heed that no man deceive you.” Matthew 24:4 (KJB)

Just about every headline I see is about something I don’t like, don’t want and didn’t vote for. I watch tech titans with messianic delusions trying to create a techno-theocracy where they rule as gods, determining what we’re allowed to consume on a daily basis. They lock us down, infect us with gain-of-function viruses and then mandate we receive injections for the ‘greater good’, gaslighting us about ‘slight’ side effects as the casualties mount in the millions. The next president? It will be whoever they pick, and whoever it is you’ll get the same result. Don’t be surprised if it’s Michelle Obama. Playtime is over, they’re not taking prisoners. History is being recast, and this time the Nazis win.

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People like Bill Gates, Elon Musk, George Soros, and all the others are working in harmony with a single goal in mind, even if they themselves aren’t aware of it. They are preparing this world to receive Antichrist. Everything new invention they fund and release brings us closer and closer to the Mark of the Beast System. We all dream of seeing people like Bill Gates being brought to trial to answer for their crimes, but they never will in this life. Why? Luke 22:53, “…but this is your hour, and the power of darkness.”

I wish I had better news for you, but I don’t, we are too far along on the timeline and this sin-cursed lost world has an unbreakable date with the coming Antichrist. So in the meantime, stay in the Book, stand against the world system, help us send out Bibles, and preach deliverance to the captives through the shed blood of Jesus Christ while we wait for the Rapture. That’s the memo.

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.

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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Shock As Huge Section Of Cell Phone Service Across America Goes Down Leaving People To Ask Is It A Solar Flare Or Possibly EMP Attack?

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AT&T, Cricket Wireless, FirstNet, Verizon, T-Mobile, US Cellular, Boost Mobile, Consumer Cellular and Straight Talk are all down across the US, leaving customers unable to make calls

Citizens all across America got a shock this morning when their mobile phone service went down and out for the count with 54% of all users surveyed saying their service was strongly affected, and a third saying they have no service at all. As I write this, I am one of those people with no service, the ominous SOS sign where my signal used to be. What’s behind all of this? It will be interesting to hear the explanation when it finally comes, but I have a few ideas.

“And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring;” Luke 21:25 (KJB)

As we have been telling you for many months, 2024 is a year of continuing momentous change, every bit as much that 2020 was, albeit for different reasons. Whatever the final explanation is on this whole mess, it is highly likely that they pulled the system intentionally. Service outages of this magnitude just don’t ‘happen’, they are planned. EMP, solar flares, there are many things capable of disrupting the system, and as we get closer to the election, be prepared for many more such ‘disruptions’, because they’re coming.

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AT&T down with iPhones stuck in SOS mode as people say ‘world is ending’

FROM THE SUN US: Multiple mobile networks including AT&T have gone down across the US with iPhones stuck on SOS mode, leaving panicked customers fearing the ‘end of the world’. Concerned folk across the US are facing major disruptions to their service as several providers have gone down. The outage has caused major disruptions with several police departments warning that people have been unable to call or text 911.

According to Downdetector, AT&T, Cricket Wireless, FirstNet, Verizon, T-Mobile, US Cellular, Boost Mobile, Consumer Cellular and Straight Talk are all down. People have taken to X, formerly Twitter, to voice their concern at the major disruption to US mobile networks.

One user wrote: “Confirmation from around the US on a nationwide cellular network outage. Seems to have affected @ATT first, then later reports from other phones on @TMobile @Verizon and more.

“I can’t imagine this is incompetence or a single node failure. Concerned it could be a #cyberattack.”

Other AT&T customers have reported their iPhones being stuck in ‘SOS’ mode as a result of the outage.

 iPhones enter SOS mode when they lose cellular connection, allowing users to still make SOS calls or texts to emergency services on models from the iPhone 13 onwards.

Many X users have grown suspicious of the mass outage impacting so many major providers at once.

One user wrote: “Got the “sos” mode and thought the world was ending.”

Another said: “Anyone else experiencing these “SOS only” outages on @ATT? Is the world ending?”

A third asked: “OK conspiracy theorists and smart people who know more than me…what is behind the cell carrier outage overnight?”

While a fourth added: “AI bots failing… AT&T down… it’s happening folks.” READ MORE

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.

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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You Are Invited To Come To The NTEB Camp Meeting Weekend 2024 Where Our Theme This Year Will Be ‘Set The Captives Free’ And Jail Ministry Boot Camp!

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Welcome to the 4th Annual NTEB Old-Fashioned Camp Meeting Weekend Here in Saint Augustine, Florida

Whenever the third weekend in May rolls around, you know it’s time for wonderful weather, the possibility of the Springtime Rapture of the Church, and of course, the annual NTEB Camp Meeting Weekend here in Saint Augustine, Florida. This year we have booked May 17th – 19th to get help you get your ‘revival fires’ back up and blazing. Our theme will center around jail ministry and Bibles Behind Bars.

“The Spirit of the Lord GOD is upon me; because the LORD hath anointed me to preach good tidings unto the meek; he hath sent me to bind up the brokenhearted, to proclaim liberty to the captives, and the opening of the prison to them that are bound;” Isaiah 61:1 (KJB)

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  • NOTE: There is no cost to attend Camp Meeting Weekend, but donations gratefully accepted to help defray the cost, thank you!

Our theme this year will be especially interesting for anyone who is interested in jail and prison ministry on any level. Featured preachers will include Bro. Roy Bell from Old School Bible Baptist Ministries in Las Vegas, Nevada, and Chaplain Steve Harrington from the Adair County Regional Jail in Stillwell, Oklahoma.

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Bro. Roy will preach on life from the prisoners perspective having been incarcerated for nearly 30 years, and Chaplain Steve will preach on what it’s like to minister the word of God to the prisoners. Revival broke out in his jail last year after we sent them Bibles, and he will tell you all about it. Christian, you will come away from this meeting excited and encouraged to begin ministering where you live. This will be a real-deal jail ministry boot camp, you’re not going to want to miss it. See you there!

OUR 2024 NTEB CAMP MEETING SCHEDULE:

  • FRIDAY MAY 17TH: Come to the Bookstore and meet NTEB’ers from all over America and Canada. Enjoy an open house reception with refreshments from 2:30 – 5:30 and browse the Bookstore to see all the exciting new books and accessories.
  • SATURDAY MAY 18TH: We start off with STREET PREACHING and gospel tracts in downtown Saint Augustine on the corner of St. George & Hypolita Streets from Noon – 1:30 PM. This will be followed by a fellowship lunch afterwards.
  • SUNDAY MAY 19TH:
    11:30-12:00: Check-in at Kelly Farms
    12-1:30: Dinner on the Grounds
    Southern BBQ Lunch Catered by Brisky’s BBQ
    1:30-5:00: Camp Meeting Begins
    Bible Teaching on End Times Prophecy with Bro. Geoffrey Grider
    Bible Preaching on Jail ministry with Bro. Roy Bell and Chaplain Steve Harrington.
    Open Forum Q&A on Jail Ministry

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.

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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