The menacing Muslims in Mozambique
The African nation of Mozambique has turned into another hotbed for Christian persecution, reports International Christian Concern. A violent, ISIS-affiliated Islamic group, known as the al-Sunnah wa Jama’ah, is raping, murdering, and pillaging villages in the area of Cabo Delgado.
At least 1,000,000 people have been displaced. According to a United Nations report, “There are hundreds of thousands of internally displaced people living in camps. Churches and schools have been burned as villages are attacked. And drug cartels continue to add violence to the ongoing extremism.”
According to Open Doors, Mozambique is the 32nd most dangerous country in the world for Christians.
American bank failures
Two major banks failed over the weekend.
Signature Bank and Silicon Valley Bank controlled deposits of about $280 billion.
That compares to the largest bank failure in American history. Washington Mutual held $188 billion in deposits when it failed back in 2008.
The U.S. federal government has assured depositors at the two failed banks that any deposits exceeding the $250,000 insurance limit will be covered by government funding. The Treasury Department set aside $25 billion to cover these losses.
The Federal Reserve is also issuing more money, out of thin air, to reimburse depositors who lost savings in the bank closures. These are ostensibly loans for other banks short on funds to “meet the needs of all their depositors.”
We’re not out of the woods yet on this. Bank stock prices tumbled yesterday.
The shares of the San Francisco-based First Republic lost 64% of value yesterday, after a 33% decline last week. This major bank has in the neighborhood of $156 billion in deposits.
Gold up and silver down
In the wake of the bank failures, gold spiked up about $100 to $1,912 per ounce, and silver scraped $22 per ounce.
Remember Proverbs 23:4-5. It says, “Do not overwork to be rich; because of your own understanding, cease! Will you set your eyes on that which is not? For riches certainly make themselves wings; They fly away like an eagle toward Heaven.”
Death toll from earthquake soars to 48,448
The major earthquake that hit Turkey in February has now claimed 48,448 lives, according to Turkey’s interior minister. Another 6,000 perished in Syria.
This has been the worst natural disaster worldwide in 13 years, since the Haitian earthquake of 2010.