The CNN panel was jaw-agape as Kevin O’Leary appeared earlier today to inform them the decision by Joe Biden to guarantee every deposit in U.S. regional banks is akin to “Joe Biden just nationalized the U.S. banking system.”
O’Leary is correct, and anyone who is holding assets like stocks or bonds in U.S. banks now needs to reconsider the disappeared line between government and the bank assets. If the government can assume, control and backstop every single account balance within the bank, the government can assume and control all activity of the bank. WATCH:
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Downstream…. think about the consequences. Remember the frozen bank accounts in Canada as a result of defining truck protest supporting Canadian citizens as domestic extremists?
Now think about the government no longer needing to ask the bank to take action, the govt has a regulatory ability to demand the bank to take action. This takes “debanking” to an entire new level. People are wondering why cryptocurrencies went up in value today. There’s your answer.
Comrade citizens, at the end of this rainbow of bank nudges, we will find ourselves at the footsteps of a government controlled central bank digital currency.
Don’t worry everyone, voting will fix this mess!!!
/s
That’s a new one. /s
Landslides expose uniparty sellouts…
“I’m going to do everything I can to make sure Kari Lake is not elected”
— Liz Cheney
Right. Elections. That worked so well for us in 2020.
I best be getting my social LGBTQqPu cred amassed so I can pay my mortgage this month. Right? All bow, kneel, and scrape, before the magical transfigured tranny prancers… sheesh.
Wait until they force us to “date” them ….
Surging oil and natural gas prices caused the inflation so opening up oil and natural gas production while completing needed pipelines will reduce inflation without having to raise interest rates! Everybody knows this including Powell and Yellen!
FJB went on TV today and said that everything is fine and the people who are responsible will be held accountable.
(1) Run for the banks….. the Sky is truly falling this time!
(2) Will FJB and his owners be held accountable? After all, it was they who are responsible.
Oh wait, FJB is a Democrat….
https://www.google.com/url?sa=i&url=https%3A%2F%2Fimgflip.com%2Ftag%2Fkevin%2Bbacon%2B-%2Banimal%2Bhouse&psig=AOvVaw1eJZQ_OTDGsojfQIWIxnpf&ust=1678889587674000&source=images&cd=vfe&ved=0CAsQjRxqFwoTCNjD6p3N2_0CFQAAAAAdAAAAABAE
I don’t know how to post a picture here. The above is Kevin Bacon’s character in Animal House.
The Globalist Parasite Party is getting their way, more and more. At some point you’ll either be forced to defend yourselves or to lay there and let the parasites enslave you. We’re almost there!
What Obama did to Student Loans, Biden just did to Banking x 10.
This puts us on the path to hyperinflation.
Start to plan.
Hmmm,… the way DementoJoe, Powell and Yellen are going now, I plan to open a new wheelbarrow mfg company named Wiemar Republic Container Corp,…. cuz soon you’ll need a wheelbarrow just to carry your Biden Cash to the groc to buy a loaf of bread,…. if it’s in stock.
FJB now says he has the solution to halt the historic Inflation his historic profligate Fed spending has caused,….. buy even more new Historic profligate Fed spending.
We’re Doomed,…… order your wheelbarrow now, the rush is coming.
This is the last line to be crossed before we are no longer citizens just subjects.
Meanwhile, a whole lot of people pulled cash out of their banks or moved money from big banks to local credit unions.
The whole thing is a big manufactured mess.
This insanely will never end unless Trump is in office.
Until then we suffer from the hate of people in charge.
I worked in banking for 12 years. The amount of incompetence, stupidity, greed, and corruption in the banking industry is staggering. The recent bank collapses don’t surprise me.
When a bank fails, that is the marketplace’s way of weeding out the banks encumbered with too much incompetence, stupidity, greed, and corruption to survive.
This principle holds true in other industries as well.
Using tax dollars to bail out a failed bank or other type of institution is wasting and misappropriating public funds and is enabling the incompetence, stupidity, greed, and corruption to continue.
Incompetent, stupid, greedy, and corrupt banks and institutions need to be allowed to fail as that is how they are eliminated.
Nationalizing banks will result in financial tyranny.
Confronting Democrat Marxist Evil: The MAGA Trump Voter’s Moral Duty to Defend Liberty.
Our interpretation of the Democrat evil follows the definition of Arne Johan Vetlesen, in Evil and Human Agency: Understanding Collective Evildoing, (2005). In the introduction, Vetlesen defines “evil” as intentionally inflicting pain on another human being against his or her will, causing serious and foreseeable harm.
Laurie Thomas Vass. http://www.civildissolution.com
March 14, 2023.
Note to readers. This is the introduction to a much longer article available at Substack. http://www.civildissolution.substack.com. The sections of the longer article include:
Section 1. The Moral Duty of MAGA Trump Voters to Defend Natural Rights of Liberty and Self-Government.
Section 2. The Trump Voter’s Duty To Confront Evil.
Section 3. The Trump Voter’s Strategy of Confrontation With Democrat Marxists.
Conclusion: The Restoration of Liberty.
Introduction: The Consequences of the Democrat’s On-Going Coup to Destroy Liberty.
Our intent of this article is to persuade 75 million Trump voters that they have a personal, moral duty, to restore American liberty.
Their moral duty is derived from their allegiance to defend each other’s rights, when the citizens declared their independence from King George, in Jefferson’s Declaration of Independence.
We begin by noting our odd circumstance of being both in agreement with Victor Davis Hanson’s analysis of the chronology of the Democrat’s deep state “slow-moving coup,” and in disagreement with his interpretation of the implications of the coup for the future of liberty.
We define a coup d’etat as an illegal, unconstitutional seizure of power, conducted by an enemy of the existing government.
Any incentive for the banks to manage risk is now gone. It’s off to the big casino for them all now that risk has been removed
Lest anyone be confused about who was bailed out with SVB, look at today’s Boston Globe headline
Boston’s tech, life science, and nonprofit communities hail SVB rescue, but worries persist
All the wealthy VC, SV millionaires and Boston tech millionaires, that’s who.
SVB’s rescue by Biden now Incentives all Banksters to replicate SVB’s casino behavior knowing that Big Brother will bail them out, not if, but when $htf,…. provided they have donated to the right political campaigns and maintained the correct EGS/DEI scores,…. as SVB has done.
Now why wouldnt we trust & believe ole Uncle Joe -Com-mon, man!
Buy more precious metals and real assets!! The paper or digital currency will be worthless.
We all saw this coming when we watched joey gleefully salivating on how “well” Trudeau “handled” those patriotic truckers by locking up their bank accounts and their livelihoods in the middle of winter.
The Federal Reserve will electronically print MONEY out of
thin air to help assure that banks have the ability to meet the
needs of all their rich depositors (> $250K). This will make
inflation go through the roof.
—
Inflation will destroy the Low, Middle and some Upper Class.
In other words, inflation will destroy the USA.
Everything is proceeding according to the plan destruction of US.
IS destroying, will was before Biden.
Janet Yellen Makes ‘Surprise’ Visit to Kiev to Announce Another $1.25 Billion in Aid to Ukraine, just last week? for what? humm?
The YouTube comments are something else. Dozens and dozens of comments attacking O’Leary, because that’s apparently the best argument they could make that he was wrong. Left unsaid: he must be wrong, because he was contradicting their view of government as benevolent source of all things good and wise.
I get the feeling they were sent there from somewhere, given the similarity of the comments.
It is NOT legal for the FDIC to bailout uninsured funds. Not that this mad regime much cares, but still…
Title 12 – Banks and Banking §1821. Insurance Funds (a)(1)(B)
“The net amount due to any depositor at an insured depository institution shall not exceed the standard maximum deposit insurance amount as determined in accordance with subparagraphs (C), (D), (E) and (F) and paragraph (3).”
Who, if anyone has standing to sue?
Senile Pedo. Joe B
Am I the only one who knew that the government was the banks largest customer (owner) when every single Wall Street Bank threatened to fire any employee who refused to get the jab? This all was apparent long ago.
Excellent point. And consistent with the overall ruse, and tyranny. Disgusting.