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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

 


 

 

 

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DOUBLE TROUBLE: Russian Warplanes Spotted Off The Coast Of Alaska As China Flexes Muscle By Stopping Rare Earth Mineral Exports To United States

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Russian warplanes have been detected off the coast of Alaska in a terrifying escalation, military officials said Tuesday.

When WWIII breaks out, plus or minus 10%, the Axis powers will be China, Russia, Iran and North Korea, this is known today as the CRINK Alliance. During WWII, Adolf Hitler all through the 1930’s was constantly doing little maneuvers to see at what point the pushback would come. As it turns out, the ‘pushback’ didn’t come until war was officially declared, too late, and the rest is history. Right now, America is being maneuvered by China, Russia, Iran and North Korea to see how much we will take. The time to pushback is right now, or pay the consequences. That’s the memo.

Thus shall he do in the most strong holds with a strange god, whom he shall acknowledge and increase with glory: and he shall cause them to rule over many, and shall divide the land for gain.” Daniel 11:39 (KJB)

Talks with Iran about curbing their nuclear policies is fruitless and stupid, time for talk is over. Trump needs to do what he has been threatening to do, and take out their nuclear reactors in one fell swoop. The next time a Russian plane enters American airspace, shoot it down. Too harsh, you say? Fun fact, they are getting ready to do that to us. As far as China goes, taunting us by withholding rare earth minerals we need to maintain our technological and military edge? Cut them off completely, starting today. But we won’t do that because we can’t do that. America is a debtor nation to the Red Communists, they know it we know it. This is where world wars are born, and you’re at the birth of one right now.

Russian war planes detected flying off coast of America

FROM THE DAILY MAIL UK: Officials with the North American Aerospace Defense Command said Russian aircraft never entered American or Canadian airspace. Authorities did not name the type of Russian aircraft, how many flew close to the coast nor what their purpose was.

The Russian planes remained in international airspace, but reportedly crossed into a region named the Air Defense Identification Zone (ADIZ), which is beyond sovereign US airspace. Aircraft are expected to identify themselves in the ADIZ, and NORAD says it surveils the area to maintain national security.

It comes just two months after US fighter jets were scrambled to the ADIZ region twice in three days when Russian military aircraft, including bombers, were also detected.

That incident first saw two bombers and two fighter jets buzz near Alaska, and after they were shadowed away by US aircraft, Russia followed it two days later by sending two more jets in a show of force. READ MORE

China suspends rare earth exports, kneecapping US industry reliant on Beijing’s ‘monopoly’

FROM THE NY POST: China has stopped shipping some heavy rare earth metals and magnets critical to US production of everything from cellphones to fighter jets as Beijing’s trade war with Washington simmers, leaving American industry in a bind.

Effective April 3, China is no longer exporting seven heavy rare earth metals processed exclusively in the Asian power, as well as heavy rare earth magnets — of which about 90% of the world’s supply are also synthesized on Beijing’s territory.

The export halt applies to all countries, but access to elements like dysprosium and yttrium is critical to US industry — especially in the tech, electric vehicle, aircraft and defense sectors, according to Drew Horn, who served as the top US official on strategic minerals and energy supply chain development in President Trump’s first administration

“Rare earths are in everything,” he told The Post Monday, singling out “the EV and auto space … [and] everything from cellphones, defense key components, [and] space travel.”

“China,” Horn added, “has essentially created an all-powerful monopoly with them.” 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.

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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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POWER PLAY: Emmanuel Macron Moves On Creation Of Palestinian State With PA President Mahmoud Abbas To Establish Framework For UN Meeting In June

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Palestinian Authority President Mahmoud Abbas and French President Emmanuel Macron discussed the Israel-Hamas ceasefire, along with plans for Gaza and a Palestinian state

Emmanuel Macron is smelling victory, and had this to say on X earlier today: “I have just spoken with President Mahmoud Abbas. France is mobilizing all its forces to achieve the release of all the hostages, to renew a stable ceasefire and to ensure immediate access for humanitarian aid to Gaza. It is essential to build a framework for the day after: to disarm Hamas and remove it from the scene, to establish a credible government and to reform the Palestinian Authority. These steps will allow, within the framework of the June conference, progress towards a two-state political solution, for the peace and security of all. We need peace.” And there it is.

“For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.” 1 Thessalonians 5:3 (KJB)

The full and official title of the event is Modalities for the High-level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution. It is to be held at the United Nations headquarters Monday June 2 and go to Wednesday June 4. Keynote speaker will be Emmanuel Macron along with Crown Prince Mohammed bin Salman. The two men will serve as co-chairs of the event. The purpose of this meeting is to, finally, create a Palestinian state on Israeli land. As of the date of this writing, we are 7 weeks away from this momentous end times event.

PA President Abbas, French President Macron discuss Israel-Hamas ceasefire, reject Gaza plan

FROM THE JERUSALEM POST: Palestinian Authority President Mahmoud Abbas and French President Emmanuel Macron discussed the Israel-Hamas ceasefire, along with plans for Gaza, during a Monday phone call, Palestinian state-run WAFA News Agency reported Monday. Abbas emphasized the “urgent need for a ceasefire and the swift delivery of humanitarian aid” into the Gaza Strip. Abbas also stated his “firm rejection” of the plan to relocate Gazans from the Strip.

The two discussed the possibility of the Palestinian Authority assuming “full responsibility” in Gaza, including security duties, with the goal of “international legitimacy, one system, one law, and one legitimate source of arms.”

France’s recognition of a Palestinian state

Macron said on Wednesday France could recognize a Palestinian state in June, adding that in turn some countries in the Middle East could recognize the state of Israel.

“We need to move towards recognition of a Palestinian state. And so over the next few months, we will. I’m not doing it to please anyone. I’ll do it because at some point it will be right,” he said during an interview on France 5 television. 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.

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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NTEB PROPHECY NEWS PODCAST: Donald Trump Who Brought Us The Pandemic, The Lockdown And mRNA Vaccines Now Gives Us Mandatory Biometric Real ID

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It would seem that President Donald Trump is being used by God to advance the end times timeline in preparation of the coming Antichrist, get ready for Real ID

Last week on our X page, we brought you the news that Trump’s Secretary of the Department of Homeland Security Kristi Noem made the stunning announcement that starting May 7th of this year, all citizens of the United States who wish to fly will now be required to carry the biometric digital identification known as Real ID. No exceptions. If you’re waiting for Trump to make America great again, you will find yourself still stuck in the waiting room. What is Trump up to? Being used of God and by God to advance the end times timeline. That’s the memo.

For God hath put in their hearts to fulfil his will, and to agree, and give their kingdom unto the beast, until the words of God shall be fulfilled.” Revelation 17:17 (KJB)

On this episode of the Prophecy News Podcast, this is what Ron Paul has said about Real ID. “The REAL ID Act establishes a national ID card by mandating that states include certain minimum identification standards on driver’s licenses. It contains no limits on the government’s power to impose additional standards. Indeed, it gives authority to the Secretary of Homeland Security to unilaterally add requirements as he sees fit. Supporters claim it is not a national ID because it is voluntary. However, any state that opts out will automatically make non-persons out of its citizens. The citizens of that state will be unable to have any dealings with the federal government because their ID will not be accepted. They will not be able to fly or to take a train. In essence, in the eyes of the federal government they will cease to exist. It is absurd to call this voluntary.” Y’all get that? Sure hope so. On this episode of the Prophecy News Podcast, we bring you up to speed on the preparation of the United States of America to join the Beast system.

Study Helps And Links For Today’s Podcast

• The NTEB Sunday Service at Bethany Baptist Church

Every Sunday morning, from 10:00 AM – 12:30 PM EST, we invite you to join us live and in-person at Bethany Baptist Church here in Saint Augustine where we lift up the Lord Jesus Christ in psalms, hymns and spiritual songs, and preach a message from the pages of the King James Authorized Version Holy Bible. 


• The RIGHTLY DIVIDING Radio Bible Study

Every Sunday and Tuesday evenings from 7:00 – 9:00 PM EST, we offer an in-depth rightly dividing and dispensationally correct rocket ride through the preserved word of God as found within the pages of the King James Holy Bible. 

  • SUNDAY NIGHT: Our original Sunday Night Radio Bible Study, it’s from 7:00 – 9:00 PM EST, and we have praise, singing, testimony and of 90-minute King James Bible study. All our King James bible study programs are archived here.
  • TUESDAY NIGHT: Our Tuesday Night Radio Bible Study, it’s from 7:00 – 9:00 PM EST, and we have praise, singing, testimony and of 90-minute King James Bible study. All our King James bible study programs are archived here.

• The NTEB PROPHECY NEWS PODCAST Hour

Every Monday and Friday afternoons from Noon to 1:30 PM EST, we examine breaking news and current events  in light of bible prophecy. 

  • MONDAY AT NOON: Every Monday at Noon we review all the latest news and events related to bible prophecy, and examine what is happening in light of what is written. If you miss the live show, all of our Prophecy News Podcast programs are archived here.
  • FRIDAY AT NOON: Friday at Noon we review all the latest news and events related to bible prophecy, and examine what is happening in light of what is written. If you miss the live show, all of our Prophecy News Podcast programs are archived here.

Your Generous Donations Make These Live King James Radio Bible Studies & Prophecy News Podcasts Possible!

HOW TO DONATE: Click here to view our WayGiver Funding page

Listen to What Our Donation Angels Have to Say About the Ministry of Now The End Begins

  • “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
  • “Jesus. I am now 64 years old and never in all the years I’ve been a Christian was I able to grow in the Lord as much as I have in the last past year. All because of our blessed brother’s work Geoffrey Grider who as the bravery of standing fast forward without fear of claiming the truth of God by the power of his love in Jesus Christ. May God bless you abundantly to the end my dear brother… ROMANS: 8: 36,37,38” Mireille Anderson
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  • “I really enjoy the emails and Bible studies! I haven’t found a church and enjoy your services very much! Be blessed brother!” Marcia Mann
  • “You and your organization are on the front lines in the Battle For Truth…. current events, end times, and trying to awaken a sleeping Laodicean Church. Thank you brother for fighting for us and all your teaching and insight God bless…” Daniel Cartrette
  • 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
  • “Thank you for the work  you are doing brother.  Your page and your testimony were a blessing to me this morning as I came across it for the first time.  Thank you for the reality of your testimony and what God has done for you in introducing you to Jesus our Lord.  God has brought me, in salvation, to Himself as well, through His love and mercy and grace in salvation.  How can we praise Him enough?  How can we not share this good news!?  I pray this day for God’s blessing on your ministry that He may save many souls through the work He has called you to.  Isaiah 40:31 (KJV)” Mark and Melissa
  • “Love the Sunday night bible study. I want to support someone who has the passion for the lost like Geoffrey does and rightly divides the word of God. God bless you.” Teresa Carey
  • “I give because not many news outlets are brave enough or Godly enough to tell these stories from a Christian’s point of view. I see stories here that will not be seen anywhere else.” William Grayshaw
  • “It’s hard to find solid biblical teaching in America these days. It’s a blessing to be able to take part in a ministry financially without being concerned about false teaching. All glory to God! God bless!” Maximilian Swan
  • “I donate because you are reporting the truth about the increasing wickedness of our time, as God’s word foretold. In so doing we are reminded to “Keep looking up” as we wait in joyful hope for the Lord’s coming, Maranatha! ” Anthony Sloane
  • “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

STREET-TESTED NTEB GOSPEL TRACTS:

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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