#zapathon

#plebchain

#zapathon

#plebchain

#zapathon

#plebchain

#zapathon

#plebchain

#zapathon

#plebchain

#zapathon

#plebchain

#zapathon

#plebchain

#zapathon

#plebchain

Watching Tuttle Twins with the kids.

https://www.angel.com/watch/tuttle-twins

So people always want to know what a IBC policy looks like.

Here it is 👇👇👇

You can borrow against the growing cash value to buy cars, buy businesses, lend money out on private mortgages, pay off your mortgage with your cash value (removing the bank), or retirement income.

You effectively remove the commercial banks and use an Insurance Company which does not participate in fractional reserve banking. Full reserve banking. NEVER BORROW FROM A BANK AGAIN. YOUR FAMILY WILL NEVER NEED TO BORROW FROM A BANK EITHER. ITS A FAMILY BANK. Instead of money flowing to the commercial bank, it will flow to your family, your kids and your kid's kids.

The secret sauce is that contractually the cash value MUST EQUAL THE DEATH BENEFIT AT AGE 100. see red box.

The cash value never goes down because it's not based on the market. It's based on your age. As long as you keep aging cash value goes up. If you stop aging, your family gets the amount.

How does Bitcoin fit into this? You borrow from your bank, to buy bitcoin.

Its a processes.

#Canada

#Ontario

#InfiniteBankingConcept

#Catholic

#Business

#Philosophy

Reading 1

1 Thes 4:1-8

Brothers and sisters,

we earnestly ask and exhort you in the Lord Jesus that,

as you received from us

how you should conduct yourselves to please God–

and as you are conducting yourselves–

you do so even more.

For you know what instructions we gave you through the Lord Jesus.

This is the will of God, your holiness:

that you refrain from immorality,

that each of you know how to acquire a wife for himself

in holiness and honor, not in lustful passion

as do the Gentiles who do not know God;

not to take advantage of or exploit a brother or sister in this matter,

for the Lord is an avenger in all these things,

as we told you before and solemnly affirmed.

For God did not call us to impurity but to holiness.

Therefore, whoever disregards this,

disregards not a human being but God,

who also gives his Holy Spirit to you.

Gospel

Mt 25:1-13

Jesus told his disciples this parable:

"The Kingdom of heaven will be like ten virgins

who took their lamps and went out to meet the bridegroom.

Five of them were foolish and five were wise.

The foolish ones, when taking their lamps,

brought no oil with them,

but the wise brought flasks of oil with their lamps.

Since the bridegroom was long delayed,

they all became drowsy and fell asleep.

At midnight, there was a cry,

'Behold, the bridegroom! Come out to meet him!'

Then all those virgins got up and trimmed their lamps.

The foolish ones said to the wise,

'Give us some of your oil,

for our lamps are going out.'

But the wise ones replied,

'No, for there may not be enough for us and you.

Go instead to the merchants and buy some for yourselves.'

While they went off to buy it,

the bridegroom came

and those who were ready went into the wedding feast with him.

Then the door was locked.

Afterwards the other virgins came and said,

'Lord, Lord, open the door for us!'

But he said in reply,

'Amen, I say to you, I do not know you.'

Therefore, stay awake,

for you know neither the day nor the hour."

Canadian recession imminent and could last through the first half of 2024: Desjardins

Despite Canada’s economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.

“Everything from international trade and housing to real GDP and core CPI inflation have started to trend lower, suggesting that rate hikes by the Bank of Canada are having their intended impact,” wrote the report’s authors.

As such, Desjardins is calling for the economy to enter into recession before the end of the year and continue into the first half of 2024.

“Falling goods consumption, residential investment and exports are likely to be the primary drivers of the weakness,” the economists continue. “The unemployment rate should track higher, pushing wage and income growth lower as a consequence.”

They expect the Bank of Canada to respond by cutting interest rates early next year, which they say should spur a return to growth by the second half of 2024.

$1.7B acquisition of Home Capital Group is now complete

Smith Financial Corporation announced today that it has completed its $1.7-billion acquisition of Home Capital Group.

The deal was first announced in November 2022 and was originally expected to close by mid-summer 2023.

The terms of the deal outlined that Smith Financial Corporation would acquire Home Capital at a purchase price of $44 per share, valuing the company at $1.7 billion.

In today’s announcement, Smith Corporation confirmed it will acquire the remaining outstanding shares for a total price of $44.28, with the premium a result of the deal closing nearly three months after the target closing date of May 20, 2023.

“For many reasons, including the strength of Home’s brand among mortgage brokers, deposit brokers and hundreds of thousands of customers across Canada, we are delighted to welcome this market-leading company and its hard-working team into the Smith Financial Corporation family,” said Stephen Smith, founder and CEO of Smith Financial Corporation.

“Home Capital is a strategic holding for us, and we will give our support to preserve, protect and advance Home’s place in the industry under its dedicated leadership,” he added. “We look forward to collaborating with all Home stakeholders as a committed long-term owner.”

Smith had previously called Home Capital a “strategic asset” thanks to its national presence, 36-year history and “trusted positions as a lender and deposit-taker.”

With Home Capital now officially operating as a Smith Financial Corporation company, Home’s common shares are expected to soon be de-listed from the Toronto Stock Exchange.

Canadians worried about rent and mortgage payments

A recent survey reveals growing anxiety among Canadians about their ability to afford both rent and mortgages.

More than half of Canadians (55%) who have a mortgage or rent a primary residence say they are worried about being able to make their monthly payment, according to the survey conducted by Leger.

That percentage is higher for those between the ages of 18 and 36 (66%), and those who live in Alberta (67%) and British Columbia (68%). Of those who say they have worried about making their housing payments, 16% said they worry frequently.

Canadians are nearly unanimous (95%) in believing that the rising rental costs and lack of affordable housing in the country is a serious problem, with 66% saying the situation is “very serious.”

Most respondents blame the federal government for the current situation (40%), while 32% say it’s the fault of provincial governments and 6% put the blame on municipal governments.

The survey, conducted by an independent research firm, highlights that a significant portion of the population is worried about meeting their housing expenses. Factors such as escalating home prices and rent rates have left citizens questioning their financial stability.

Government officials are under increasing pressure to address this issue, with calls for policies aimed at improving housing affordability across the nation. As Canadians voice their concerns, the housing affordability crisis remains a prominent topic of discussion.

High interest rates putting the brakes on consumer spending: StatCan

Personal consumption expenditures showing signs of weakening, suggesting the Bank of Canada’s rate hikes are putting the pinch on consumers’ pocketbooks.

Retail sales data for June eked out a nominal 0.1% month-over-month gain in June, but follows a soft reading in May. That puts sales for Q2 at -0.1%, well off the 2.6% annualized growth rate posted in the first quarter.

While some strength is still expected in the coming months, sales are expected to weaken beyond that as more disposable income gets diverted to debt servicing as mortgages renew at higher rates.

“Looking ahead, spending might still regain its footing with the help of government’s grocery rebates,” wrote Maria Solovieva of TD Economics.

“However, by demonstrating more resilience consumers will pay the price of higher cost of future borrowing (and spending),” she added. “The cumulative effect of 475 basis points in interest rate hikes is only starting to have a real impact on households’ budgets. As more mortgages roll over at higher rates, homeowners will divert more of their income towards debt servicing. This means that retail sales could be the next in line to roll over.”

Consumer confidence falls as personal finances weakening

Consumer confidence weakened slightly this week, led by falling sentiment over personal finances and the Canadian economy.

The Bloomberg Nanos Canadian Confidence Index (BNCCI) fell to 52.03 this week from 53.07. However, this remains above the 2023 low of 45.33 reached in January of this year.

“Of note, in the past four weeks the proportion of individuals who say their personal finances has improved has declined from 18.18 to 14.60,” noted Nik Nanos, Chief Data Scientist.

Sentiment also fell with regard to the Canadian economy and job security. While sentiment on real estate is down from last week, it remains higher compared to four weeks ago.

Why don't you setup your lightning wallet so folks can zap you and send you Sats.

Use Google translate.

It says

- I learn Latin

- me too

- Brothers is leaning.

https://cdn.satellite.earth/58b34be982351a6fabb27ef32f6723ce485213f39b0e9fd4e835c8885607174d.mp4

I don't vote, I stack.

fratres in doctrina

Linguam Latinam disco.

Reading 1

1 Thes 3:7-13

We have been reassured about you, brothers and sisters,

in our every distress and affliction, through your faith.

For we now live, if you stand firm in the Lord.

What thanksgiving, then, can we render to God for you,

for all the joy we feel on your account before our God?

Night and day we pray beyond measure to see you in person

and to remedy the deficiencies of your faith.

Now may God himself, our Father, and our Lord Jesus

direct our way to you, and may the Lord make you increase

and abound in love for one another and for all,

just as we have for you,

so as to strengthen your hearts,

to be blameless in holiness before our God and Father

at the coming of our Lord Jesus with all his holy ones. Amen.

Gospel

Mt 24:42-51

Jesus said to his disciples:

"Stay awake!

For you do not know on which day your Lord will come.

Be sure of this: if the master of the house

had known the hour of night when the thief was coming,

he would have stayed awake

and not let his house be broken into.

So too, you also must be prepared,

for at an hour you do not expect, the Son of Man will come.

"Who, then, is the faithful and prudent servant,

whom the master has put in charge of his household

to distribute to them their food at the proper time?

Blessed is that servant whom his master on his arrival finds doing so.

Amen, I say to you, he will put him in charge of all his property.

But if that wicked servant says to himself, 'My master is long delayed,'

and begins to beat his fellow servants,

and eat and drink with drunkards,

the servant's master will come on an unexpected day

and at an unknown hour and will punish him severely

and assign him a place with the hypocrites,

where there will be wailing and grinding of teeth."

It all feels so hopeless.

When will there be a Bitcoin citadel?

That's too fast for me. I need a kids book or something to read or to listen to.

But good resource if anyone is fluent.

Congrats. That's awesome.

Do you know of any other resources to learn Latin online?

Correction. Habito Europae

Selva, ElTrincaGoti. Me bene Habeo. Quomodo te habes? Habitasne in America? Europa habeo.

Free free to correct me if any of this is wrong. That's what the group is for.