Prophetic minister John Paul Jackson claims God showed him America’s banking system will endure a shaking in the Spring of 2013. The shaking will lead to the collapse of Bank of America, which will ultimately become nationalized under federal government control.
Putting aside the heavenly perspective for a moment, there are plenty of earthly warning signs that Bank of America continues to struggle since the 2008 financial collapse.
In September 2012, Forbes reported Bank of America planned to cut 16,000 jobs by the end of 2012 as part of their efforts to cut costs and deal with declining revenues. This cutback reduced their total employee count to 260,000. Bank of America had announced back in 2011 plans to cut 30,000 jobs by the end of 2014.
Forbes says Bank of America continues to struggle with toxic mortgage loans from their 2008 acquisition of Countrywide Financial. As a result, Bank of America has not recovered from the 2008 financial crisis as well as other banks have. Just this week, Bank of America reported dismal earnings results for the 4th quarter of 2012. The news caused their stock price to drop 8% from a high of $12.02 on January 17 to a low of $11.08 on January 19.
Despite the recent setback for Bank of America’s stock price, financial markets overall are showing little concerns about the future health of the banking industry or Bank of America. Just last week, Bloomberg news reported a bold statement from billionaire investor Warren Buffett, “The banks will not get this country in trouble, I guarantee it.” He said the nation’s banks have rebuilt their capital to the point where they no longer pose a threat to the economy. Mr. Buffett’s comments not only helped to calm other investors but also helped his own investments because he owns very large stakes in some of the largest U.S. banks, including Bank of America.
But John Paul Jackson, founder of Streams Ministries International, has a completely different forecast than Warren Buffett. He sees credit markets freezing up and a failure of Bank of America in the coming months that eventually leads to the bank being nationalized. Mr. Jackson says the impact of this failure of the “too big to fail” financial giant will redefine the banking industry in America and throughout the world.
Mr. Jackson does not claim to have any expertise in the banking industry or in financial markets or economics. He claims to have received a dream from God showing him the future of Bank of America. In addition, he claims God showed him a number of different newspaper headlines from the future including many headlines about what is ahead for the credit markets and the U.S. economy. He sees his role as only a messenger striving to report accurately what he saw and what he heard and nothing more.
The following provides a transcript of the prophetic dream and future news headlines that John Paul Jackson received. This transcript was accumulated from several videos recorded during the fourth quarter of 2012 in which Mr. Jackson presented his findings. His verbatim comments have been re-organized to look first at his prophetic dream then the future news headlines and finally at his recommendations on how we should prepare for what is coming. Two of the primary source videos are provided at the end of this article.
Begin transcript here…
PROPHETIC DREAM: BANK OF AMERICA
Some of you have probably seen the episode here where I talk about a dream that I had where I believe it was last spring or the summer where I told about being inside of a Senator’s body, or a Congressman’s body and I was on a golf course with other men and President Obama comes up to me and I had my arm around him and he is very skinny, very thin, and he says to me, “Funds are about to dry up. You need to do what you’re going to do very soon because funds are going to dry up and they won’t be available shortly.”
Then I found myself inside of a bank of America building. The bank of America building was bustling and I talked to a vice president loan officer there. I don’t know who he was but in this dream I was friends with him. Things were going well. There were like 20 tellers at the windows. It was a big BOA building with lots of things going on inside there.
Then the scene changes and I find myself back in that same building. I looked for the loan officer and I asked him “How are things going?”
He says to me, “Well, we’re not too busy and that’s good, and we’re not too busy and that’s bad. I am getting ready to go to work for my family business because funds are drying up in the bank. You better do what you need to do while you can because the money won’t be available to do anything shortly.”
Then the scene changes again and I go back into that same BOA building. I find myself opening the door and walking into that same building. This time I looked for my friend, the loan officer, but he is not there. He had quit working there to go to work for his family business because he thought it was an opportune time. But I noticed there were only half the number of loan officers and half the number of tellers at the BOA teller windows.
Then the scene changes again and I am back in the same BOA building. This time there is only one loan officer and one teller and a lot of empty desks and a lot of empty teller windows. I said to myself, “Oh no, it has happened!”
That dream came to me in May of this past year (2012). Just the week before last Bank of America sent out a notice that they were going to lay off 16,000 people by the end of the year (2012) and then they were going to lay off 30,000 people by the end of 2014. When I heard that I thought the dream that I had was starting to play itself out.
Before I had that dream I saw this headline: “Too Big to Fail Fails, Nation ‘s Bank Being Pushed.”
I believe what is going to happen is they are going to nationalize Bank of America. It will change the entire banking system in the United States and perhaps in the world when that happens. It will set a precedent for the next phase of economic things. There is an economic crisis coming to America. We have not yet seen the last of tight money. Whatever fiscal policies are being made by our government this crisis will happen during President Obama’s term, so it is coming quickly.
We are on the threshold of a major banking crisis. Bank of America’s problems will continue to escalate until they are eventually nationalized. They will become a national bank like General Motors has become nationalized in essence. That will change the entire banking system. Everything in the banking system is about to be changed. The small banks are about to be hit with so many regulations that it will put many of them out of business. Only the major banks will survive.
In the spring of 2013 there will be a bank shaking. Within 18 months there will be a cyber shaking.
FUTURE NEWS HEADLINES
Here are headlines that came from heaven. The Lord revealed them. These are things we are going to be reading about in newspapers from around the United States and even around the world. I have not released most of these until this time. I have been waiting for the right moment, waiting for the release of the Spirit to do that. I believe that I had that. I had this nudge I would say, a nudge from the Holy Spirit to do this at this particular time. I am not sure exactly why. Maybe one or more of these things are going to happen soon, within months maybe.
I don’t want to scare anybody because God has everything in his hands and he wants to get our attention. He wants to get this nation’s attention in particular. He wants to get the world’s attention and he will use this nation to get the world’s attention.
With the things that are going on right now there is treachery in the air. I don’t know how to tell you and I don’t even know all that it means myself. I just know there is treachery in the air. And with that, you need to understand some things that you might go through.
So I want to read you some of the headlines that I have not yet read publicly. I feel pressed, I believe pressed by the Holy Spirit to do this. I wish I could tell you when these things are going to happen but I don’t know. In some cases I may have seen a date but it did not tell me whether it was going to be July 17 of this year or next year or September of this year or next year or the following year. So as not to cloud things I am going to leave it simply as headlines that I have seen. So here are some of them and if I can I also include some of the bylines that go along with them.
This is not the order in which they came. I put them down in the order that they came to my mind but they are not the order that they were given to me and they are certainly not the order in which they are going to be fulfilled.
Too Big to Fail Fails: Nations Bank Being Pushed
I don’t know how all of this is going to happen but because of certain bank failures a national bank is going to be pushed.
Here are some other headlines that I saw:
Derivative Panic Hits Global Markets
Food Prices Lead Nations Escalating Inflation Woes
Big Regulations Hit Small Banks
Credit Markets Freeze Up
Flash Mobs Loot Rich Neighborhoods
HOW TO PREPARE FOR WHAT IS COMING
It would be good to make sure all of your debts are paid off so that you don’t need to depend on the bank for your debts. Anything that you are doing expansion wise it would be good to do it but not by going into debt. Times are changing and it is not time to go into additional debt because the funds will not be there to pay that debt off.
The Lord told me you need to become well acquainted with gold coins because you will not lose funds if you invest in these. They provide wealth preservation.
God wants us to know what is going on and he also wants us to have a great relationship with him. The primary issue with all of these things happening is not because god hates us but because God loves us. He wants us to understand that a lack of righteousness affects everything that we do. There is nothing that it does not affect. Religion is affected, economics is affected, political systems are affected, geophysical issues are affected, there is nothing that is not affected when righteousness does not rule. God wants us to recognize that there are consequences to a lack of righteousness. Everything he created suffers when righteousness does not rule. These things that are happening are because righteousness does not rule in the earth right now. This is why he has instructed us to seek first the kingdom of God and his righteousness (Matthew 6:33).
What happens in Saginaw Michigan might not be the same thing that happens in Orlando Florida. What happens in Orlando might not be the same thing that happens in Tulsa Oklahoma. But we do know this, the Lord is giving us some nudging of preparation. It falls upon my shoulders to do my part. I am not the whole part, I only have a small sliver of this. But it falls upon my shoulders to do my part to let you know it is time to really get prepared.
This is such a big topic that we cannot cover it all on the streams ministries website. So we have set up a separate website to cover this and that website is http://preparingfortheperfectstorm.com. There you will see a list of things that disappear from stores very quickly.
You will see things like real money, telling you what is real money and how do you do this.
You will see things like real personal needs such as toothpaste or toothbrushes and that type of thing. Do you have an extra one at your house? You are going to find these kinds of things on that website listed under scarce items.
So we have talked a little about things you need to have. I have told my staff about this. You need to be able to prove the debt that you owe, meaning any house payments you made you need to be able to prove that you’ve made them. We don’t get our checks back from the bank like we used to do, but most of you get a bank statement. So you cannot take your check and prove that you have paid something. So let’s just say you have a car payment and that payment is due. Somehow in what is going to be happening in the future they are going to be demanding that you prove that you’ve made the payments that you have made. So you need to have up-to-date proof printed from their website that you made your house payment or your car payment. You need to have something in your hand that is a hard copy from them saying you have made your payment.
In addition to that, I have told my staff you need to have cash preferably for a month but for at least two weeks. You need to have cash, not in the bank, but have it somewhere that you can get to it. I’m not going to give you ideas where to keep it but let’s just say not in a safety deposit box in a bank, not someplace that people can easily find it. You will need to remember where it is.
You will need to have cash on hand because the day is coming when you will not be able to get to that cash if it is in the bank.
You need to have at least two weeks worth of food if not longer. I would prefer to have at least a month worth of food and even then I would say if not longer. But some of you would store food and that is not what God is telling you to do. Some of you get into a fear issue and that is not what God is saying. He is just simply saying he wants you to have wisdom and he will tell you what to do if you will listen to what he wants.
You need to have batteries because if the electricity goes out for a prolonged period of time you are going to go through batteries like crazy. You will need to have batteries to replace the batteries that go out. You will need to know what type of batteries you will need. For example, do you need 9 V batteries, AA batteries, AAA batteries, C batteries, or type D batteries? You need to know what kind of batteries at least that your flashlight takes.
You need to have water that you have extra jugs of. You need to take a look at what I call real needs.
End of transcript.
Financial markets rallied at the beginning of the new year when the Congress passed a massive new tax increase to temporarily put the fiscal cliff issue to rest. However, they only kicked the can down the road for two months. The hard issues of how to deal with the massive sequestration spending cuts were not included in the new year’s agreement. In addition, the federal government is facing another debt ceiling showdown by the end of February. Treasury Secretary Timothy Geithner has already announced the federal government could become unable to pay its’ bills by February 15 unless the debt ceiling is raised before then.
So even without the heavenly dream or the heavenly news headlines, there are plenty of dark clouds on the horizon for financial markets. Add to that the massive $16 trillion national debt that is now growing at a staggering pace and it all adds up to a house of cards that could quickly come down if the winds start blowing.
So do you listen to Warren Buffett or John Paul Jackson? My advice is to turn your ear towards heaven and listen to God. He has promised to provide everything we need if we seek first His kingdom and His righteousness (Matthew 6:33).
It is interesting to note that Rory Alec, co-founder and CEO of GOD TV, received a prophetic word of warning from the Lord regarding something big on the horizon, coming in the spring of 2013.
The collapse of Bank of America would be a major blow to our economy but there are ways to profit from the calamity. One way to do that is by purchasing an inverse Exchange Traded Fund (ETF) called FAZ. This ETF can be purchased from most brokers just like any stock. It is not a company stock though, it is an index based on the inverse of the financial sector, designed to move in the opposite direction of the financial sector and three times as fast. So for every 1% that the financial sector moves down, FAZ moves up 3%. FAZ is currently trading at about $13.00 per share. After the last financial collapse in 2008 FAZ traded for as high as $8,274 per share. FAZ could continue to go even lower than it is now, but any news of trouble at Bank of America or other big banks would quickly move it way up.
One way or the other we will know in just a few months who was right.
To see more prophetic revelations God has given to John Paul Jackson, please see these posts:
Author: James Bailey
James Bailey writes blog articles about current events and how they relate to the truth of the scriptures. His vision is to broadcast the good news of Jesus Christ through blog sites and other media.
© 2013, Z3news.com. All rights reserved. This content may be freely reproduced in full or in part online, email, or other digital formats but only with full attribution to the author and a clickable link to http://Z3news.com. For permission to reproduce this content in other media formats please contact us.