The European Central Bank (ECB) raised interest rates again today, while simultaneously promising to support further bank bailouts that might come as an outcome of raising the rates again. In the bigger picture there are two dynamics supported by the ECB playing out.
The first issue is the ideological effort to change the economic models based on climate change. The Build Back Better (Green New Deal) policy, a traditional energy production control effort, is being supported by the ECB effort to shrink the EU economy to meet the rate of diminished energy production. Make the economy smaller to meet the lower energy production rate.
Lowered energy production (oil, coal and natural gas) has raised energy prices; this is the fuel behind supply side inflation. The Western (policy-created) energy inflation is hitting every aspect of the EU, US and western global economy. The prices of all downstream goods and services have risen dramatically as a result. The European banks are not going to stop trying to make the economy smaller just because banks are failing. That brings us to the second issue.
Like the first issue with BBB controls, the World Economic Forum action plan for government also includes the creation of central bank digital currencies (CBDCs). The collapsing of the traditional banking system supports the agenda to create CBDCs. Raising interest rates puts more pressure on already weak banks. This is a feature not a flaw of the intent.
Shifting the economy from traditional oil, coal and natural gas is one control aspect (climate change). Shifting the banking system from traditional currency to central bank digital currencies is the second control aspect (total govt financial control). The banking instability is the crisis that facilitates the CBDC solution. Ergo, continue raising rates and continue making the crisis more useful.
In the bigger picture, this is an ideological quest to fundamentally change the western economic model. Support for that change is what we are witnessing as the EU central banks continue raising rates. Ultimately, banks being controlled by government is the necessary step to achieve the second phase of the larger plan.
(Via Wall Street Journal) – FRANKFURT—The European Central Bank raised interest rates by a half-percentage point while promising emergency support for eurozone banks if needed, showing the policy makers’ balancing act as they seek to combat high inflation without aggravating strains in the financial system.
The ECB said in a statement that it would increase its key rate to 3%, following consecutive half-point rate increases in February and December. The 50 basis-point rise surprised analysts who had expected a smaller uptick given the tense market situation after the collapse of Silicon Valley Bank.
At a news conference, ECB President Christine Lagarde signaled the bank would be cautious about further rate increases, while stressing it stood ready to provide fresh liquidity to banks. Policy makers will make future rate decisions based on coming economic data, she said, a change from previously announcing plans for rate increases months in advance.
“It’s not business as usual,” Ms. Lagarde said. “It is not possible at this point in time…to determine what the path will be going forward.” (read more)
Meanwhile in the U.S., the Fed/Treasury plan is to do essentially the same thing by supporting the big banks with over $2 trillion in available backstop funding. The Fed is celebrating the big banks supporting the smaller banks. Ultimately, this is the banking system downsizing and getting more control with less players.
Washington, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg, and Acting Comptroller of the Currency Michael J. Hsu:
Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system. (LINK)
The implementation of a U.S. digital currency will become easier if there are fewer players in the banking system. WATCH:
And as it all collapses, they hope their crimes are buried in the rubble. WE CAN’T allow this to happen. If we continue to do nothing we’re all dead!
I don’t mean to sound hopeless but not sure what we can do for now. It seems we are in the thick of “It” whatever “It” happens to be. At the risk of sounding useless would suggest holding on a little longer. 🙁
Put your money as long as it is under the fdic limit into smaller regional banks. You will love the personal service you get when you walk in.
Do you think when the **** hits the fan, the smaller banks will be
swallowed up by the big banks?
I am sure that part of their Master Plan includes the demise of small, personal service oriented banks. If you want to put your money there and enjoy the camaraderie while it lasts then, go ahead.
Just like “too big to fail” and “essential vs non-essential” are part of their language so shall “small banks financially unsound” become another catchphrase.
This is part of the plan to destroy the banking industry. Once it’s complete then it can be rebuilt with further government control, centralized with a few large institutions and a digital currency.
You are seeing this in the auto industry. Ford has technology that if you are late with your payment a loud beeping will occur, similar to the annoying seat belt warning. They can also turn off the AC or heat, or radio.
They claim they “will never use it” but spent millions developing it…..sure.
So much for the smart cars. I’m sure some pimply faced kid in his mama’s basement can steer you into a ditch if they want to, as well.
Nope. They will be left to rot on the vine. The big banks do not care about community. Truist has a branch in our area that they are closing. It has been here for over 30 years, but the little people don’t matter. Online banking, while convenient, has been the camel’s nose under the tent. Now, they are ready to go full tilt. The pain will be… substantial.
Depends on how they have managed risk. If they are all eggs in one basket like svb, then if that segment gets hit they beg for help. Small regional banks might have more balanced loan and asset portfolios.
Yes, the credit unions are wonderful. They support small business and car loans and house purchases. They are for the small guy, the middle class. So, they are going to be destroyed if they are forced to save the oligarch banks.
They are the chosen banks already designated for the future dystopia. Any woke company or one that donates to the cause has already bought their place
“It” is the end times…..
We can all do something, no matter how small. How many are using shopping apps? How many use self checkout, or cart scanning apps? How many watch Faux News channel? Get rid of them!
None of them help you, none of them keep you up to date with the world. Laziness is the death of all.
So much to say but I’ll just leave you with this…
THEY HAVE NO IDEA WHO WE ARE…
BUT THEY’RE GONNA
🙌🏼🙏🏼🙌🏼
❤️🙏🏼🇺🇸🇺🇸🇺🇸🙏🏼❤️
I hope so!
Should have destroyed the ATMs when they first came out. 😏
The Good News?
[European Politics Headline:] “Dutch farmers’ protest party scores big election win, shaking up Senate”
[Pull Quote:] “The meteoric rise of BBB is a major blow for Rutte’s governing coalition, casting doubt over its aim to drastically cut nitrogen pollution on farms, the single issue upon which BBB was founded in 2019.”
https://www.cnbc.com/2023/03/16/dutch-farmers-protest-party-scores-big-election-win-shaking-up-senate.html
That is what gives me hope in any possibility of pausing the EU lunacy.
The UK is also considering reversing its anti-nuclear energy policy.
I saw that a while ago – WONDERFUL NEWS and I am sure the Govt decision to attack the farmers coming on their tractors to PEACEFULLY PROTEST did Nothing but HELP the Farmers’ CAUSE tremendously.
People need FARMERS more than they need TYRANTS.
Especially Deathly STUPID Tyrants.
You might enjoy…about the Dutch Famers (J Peterson, Yon, Eva)
In this case, BBB is the new farmers’ political party, not Build Back Better.
Sorry to tell you, but according to Michael Yon, this BBB party is a false flag that has suckered the Dutch farmers into their own destruction. “With these Selection wins, left parties-puppets can now pass all the laws needed to begin expropriation of Dutch farmland.”
https://michaelyon.locals.com/post/3684566/netherlands-catastrophic-selection
Yup.
The leader of the party is a phony along the lines of early Tea Party usurpers intending to crash the movement.
She didn’t even show up for the huge farmer rally on the weekend citing vague fears.
Another “she” is it? First BIG mistake…
…especially in Europe.
https://gatesofvienna.net/2023/03/annalenas-private-halal-army/#more-55289
The traitor’s body needs to be found with a warning note pinned to the chest by a dagger.
the dutch farmers will see to that
Apparently, they have lots of land that you can dig deep deep holes in. Plenty of room for the entire lot of useful idiots of satan.
from what I saw of the Dutch farmers
they won’t allow that to happen
who is this Michael Yen person anyway?
Michael Yon, like Colonel MacGregor, is a reliable source for what is happening in this misshapened and fallen world. I highly recommend listening to him. He has his ear to the ground.
https://smallwarsjournal.com/author/michael-yon
Michael Yon is a US Army retired war correspondent and world traveler. He is an author of several books, “Moment of Truth” about Iraq is in English.
The Lefties still have a majority in the government so there won’t be any changes. The only thing that is going to stop this demolition of our country is for these leaders of this movement to die.
Its why I approve of planned parenthood. They need to keep using it until they all die out!
Disagree, every child born is a new beginning and a gift from God, regardless of how evil their parents are.
In 24 days German farmers will be banned from using fertilizer.
It is incredible to me that an industrial and engineering powerhouse would just shutdown, and give up!
Yes, satan’s Malthusian minions, useful idiots all, are clearly on the march, and the damage of western and thus modern civilization has only just begun.
So, what we need to do now is to withdraw all deposits from banks to crash the banks. That is the only way that I see moving forward to stop this insanity and their wonderful new rollout of FedNow Services.
A complete collapse is the only thing that might get all these evil, greedy, sly, lying people gone. They need to be GONE.
End the Federal Reserve
Interviewer” “If we end the Fed, what do we replace it with?”
Dr Thomas Sowell (without one moment’s hesitation): “When you remove a cancer, what do you replace it with?”
End capital gains tax on Constitutional money.
The free market will take care of the rest with or without the FED.
Death also.
You might want to hold off on a bank run because the big banks are on our side on this issue. If the US goes to a CBDC then banks are obsolete. The banks don’t want CBDC out of self preservation. The big banks aren’t onboard with BBB as witnessed in Congressional hearings where the CEO’s of the 4 largest banks said they would keep funding fossil fuel energy.
Now I’m not a big fan of the Federal Reserve, but what are you going to replace it with? Biden’s Department of Treasury or a Congressional committee? That sounds pretty crazy!!
The Federal Reserve is between a rock and a hard place because they waited too long before raising interest rates. Then they raised rates too fast which led us to where we are at today. Now they have a choice of destroying the banks or crashing the dollar. It’s going to be quite a balancing act, I hope they can pull it off. I wouldn’t count on it though.
I kindly disagree. The big banks see themselves as the entity that will manage the digital currency for the gubmint. Being the experts and all…..they will also have quite the elaborate fee structure to help manage the CBDC (read cash cow).
This link will explain my position.
https://www.zerohedge.com/news/2022-11-20/davos-will-use-cbdcs-destroy-commercial-banks
there is not enough physical money in the banks to be able to do that
It doesn’t matter.
Yes, they don’t have enough physical currency to ‘cash’ everyone out, not even remotely. So what, they hit their physical cash limit and the bank tells the rest in line to come back tomorrow. In the Greek banking crisis, they limited cash withdrawals so the printing press could keep up.
The vast majority of transactions are simple changes in electronic ledger entries among banks, and then between banks and the FED. All are just electrons on a computer. Not that either, paper or electron, has a real physical value.
What needs to ‘go’ is people’s perception that these ledger entries represent lasting value.
Electronic currency is great for transactions. Debt is great to bring forward ‘future’ income to produce ‘more’ income today.
But real value has always been in real things.
For example, the simple love between parent and child is a real thing and yet has no physical representation. Something that can’t happen without physical things like food, shelter, and security, enabled by the purchasing power of currency, yet invaluable none the less.
simple observation: is it just me, or does the garb dress worn by many of these EU people seem to be almost military uniform in form and fashion from some dystopian futurism b rated movie?
it looks more like some garb set designer from hunger games made these outfits.
not just fugly, but it really sets a certain tone.
last time I’ve seen this at the political level, was around 1939 …in germany
history doesn’t always repeat itself..but it uses the same clothing.
God Bless America
OH!
Regitiger, many people have read your great piece regarding J6. Thank you for your time and hard work connecting all the dots. Outstanding!
🙂
this work has also had another unrealized impact…there are certain members of my extended family who are starting to talk more openly and having a genuine and healthy sense of skepticism about the events of january 6. It has ranged between who cares, to they should all go to jail…these insurrectionists…repeating the vomit from the political hacks on the television.
so it’s been interesting to see people I really care about start to get another part of the story they could not see or did not care enough to even be curious about. I always find that unsettling..how someone can watch some complete unknown on television and then make decisions about very important matters in life.
by far, the television has been a cancer and blight on our society. “everyone does it”…has become the token excuse for not having a healthy sense of skepticism and curiosity.
it’s polarized an entire society and caused so much harm in families, businesses..
So the work was worth it for lots of reasons…the effects have been a sort of personal familial victory achieved. It’s always good to see people talking about things they had either no interest in discussing or had already made up their minds..because the tv told them so.
If I could create one single hacking code it would be to literally destroy the remote control across the entire globe. Force people to walk over and touch the idiot box to get their misinformation and get a small jolt. . just to make a point. Like if you want to drink the damned koolaid, then you must mix it yourself…no free lunches if you want to bath in the stuff. Similarly, if someone in congress wants to add to the debt, they have to personally put up the cash to make it balance sheet neutral. I mean this. Like if it is such a great economic decision, who wouldn’t want to invest in it. In this sense, make it a business model..a true business model where risks are realized by those who would bet on them.
God Bless America
Knew I recognized that name. Thank you for your work. You no doubt played a part in that poll from Rasmussen SD just posted. The amount of D’s that said yes was progress.
Every person in government at a decision making level should have to give up all control of all they own and receive a reasonable though relatively speaking subsistence level salary, and of course no allowance for lobbying or any other form of sanitized bribery.
At the end of their employment a settlement would be performed, not on the basis of how their blind investments have performed, but on how the people have fared under their rule.
If the people fare poorly then their returns would reflect that, to include complete forfeiture of their initial fortune.
Not workable? Yeah, I know, but it ain’t now, not under the Feudalists.
extend that to immediate family members and cousins and business associates.
I mean a judge who rules over matters of law must recuse themself if they have a financial interest or even a former political viewpoint that creates a perception of bias.
and yet law makers/law breakers are not held to the same standards.
not coincidental.
God Bless America
Regitiger, Kudos that your investigative work and Sundance’s article on J6 was trending on the Gateway Pundit a couple of days ago.
I’ve shared the hell out of it. It put everything together. Brilliant
Regitiger, your last paragraph made me yell, “YESSSSSSSS!!!!” and I’d like to add one addition.
Ban all cell phones unless needed for real emergency use. In my opinion it has taken over the TV as
the new idiot box and propaganda tool.
Kudos on that J6 piece. It has opened many eyes….and hopefully neural circuits as well.
Well said, and our DOJ wants to put someone in jail for 10 years because of meme, meanwhile…
the corrupt mainstream media is the cause
When will you announce your candidacy? Seriously….
If you remember the movie The Running Man, that was the exact state of society in that dystopian world. Media controlled all of the information. It’s a worthwhile movie to see if you haven’t. The writers didn’t anticipate the internet, but we know how that has been working out given the last eight years of media, tech, government crimes.
Snake Plissken knows the code…666. Shut down the world and welcome to the Human Race.
Hope springs eternal.
It’s not just you.
I have noticed the same.
The term “Butchy” comes to mind
They wear SPECTRE style outfits.
Ah, yes, and the installation ceremony of Biden and the fashions the demons were wearing was right on par with their EU counterparts
On the Other hand, as they deliberately destroy themselves, and Obliterate themselves, SOMETHING NEW will rise, and it WON’T be THEM.
It will be decent hard-working people who find a medium that is easy for everyone to “barter” with THEMSELVES, with, the Blacksmiths, the Carpenters, the Clothmakers and seamstresses, potters and Tailors working with the Farmers and ranchers DIRECTLY, and picking some handful of Objects which themselves have a Real Value to them, which they can exchange at standardized and Agreed rates, among themselves,
And mostly by their own hands, it will be a process that Bankers and the Kinds of people they can currently “BUY” won’t be able to survive that Transition, and they will find No Safe Quarter where those with ESSENTIAL GOODS will let them have any business with them at all.
There are already and always have been pockets of peoples who will not so much as sell a morsel of Bread to someone they feel CAN NOT BE TRUSTED, no matter what thing of value the Shunned Bankers and their hirelings have that they want to trade for, for food or anything of sustenance, even a cup of water.
They will just shut their own doors in the face of the dirty dogs.
Let’s hope that people declined the USDA’s offer that went out for gardeners to register their gardens.
That had so many requirements that I doubt any individual gardener would consider it. It had to be a community garden for starters.
I did not read the application instructions but listened to a podcaster read a portion that included individual home gardeners.
Lunacy.
BTW, the 4-H club here has a project that asks people to join a health improvement effort. A person would feed info into a data base. It sounds somewhat akin to the Weight Watchers model of group education and encouragement to be able to achieve improvement in various metrics. Maybe it will be used for somebody’s dissertation or maybe the data will be bought by insurance company underwriting departments. I don’t know. What I do know is that I will not be participating.
Reminds me of Winston performing daily exercises under the direction and supervision of the Telescreen.
A lot of these things seem to get put out there with fanfare, people react angrily, and it quietly disappears. I have not heard of ANYONE, however leftist or gullible, registering a garden. Have you?
I hope it happens the same with this push for CBDCs.
You can count on neighbors to rat out the hoarders growing or raising food.
We will be declared a menace on many fabulistic counts.
It will be made easy with the MyAnneFrank App.
Disappear your neighbors at will with a simple click.
They will just shut their own doors in the face of the dirty dogs.
And, by then, those relative few who just as now “make waves” won’t be merely sued like the bakers who for religious reasons won’t bake cakes for gay marriages and other “alternative lifestyle” activities, they’ll be financially cut off and, if that isn’t enough, arrested, and the majority idiocracy sheep will “bah” their approval in social media.
Agh! It’s Madame Spray Tan.
Wasn’t she in the “Hunger Games?”
Nevermore: Indeed. That was her.
She IS the hunger games.
meanwhile in france:
he who owns the blockchains own the banks….
It wasn’t even an act of parliament.
It was Macron alone by decree.
behind every tyranny is rule by one, or a small group operating through one.
IIRC, banks hold government-issued bonds on their books as cash equivalent reserves. Unless those bonds are marked as “hold to maturity”, they get marked down in value. This can cause the banks to be under-reserved. Treasury and the Fed want banks to buy US Treasury paper, but then they cut the value by raising rates.
This is what I recall from the good old days. This may have changed with the Fed’s hocus pocus.
The Biden administration certainly is working hard trying to pound the US into the equity zone.
By the way, has anybody tried to quantify the carbon footprint for the proxy war in Ukraine?
The carbon footprint for the proxy war in Ukraine? LOL! It must be massive. Just the 500,000 TONS of methane the US put in the atmosphere when they destroyed the Nordstream pipelines is the single greatest release of CO2 into the atmosphere in the history of the earth.
I hate to say axshooallee, but volcanoes produce far more CO2.
Woops, looked it up and you are exactly right. I was repeating something I thought I read and probably misread, misremembered, or misquoted it. Maybe, the greatest man-made single event????
Methane is CH4 not CO2. Methane is not a pollutant as it breaks up very quickly in the atmosphere. CO2 is not a pollutant either. “They” just want to install fear of anything with a Carbon Atom present. It is anti-human and anti-organic because plants AND animals are carbon based life.
This is just cover for our globalist idiots to raise rates again, despite all the evidence that it’s more harmful than any other course we could take.
Interest rates have been kept near ZERO for nearly 15 years…and we have a nearly $40T debt. The freakin’ FED just keeps printing money to cover the effects of ZERO interest rates. It HAS to be one or the other….debt to infinity, or fiscal reality and responsibility. You sound like a Chamber of Commerce cretin whose only concern is how much FREE money he take with him back into his cavern! We must have higher rates to stop this race into oblivion!
And we the people sit here helplessly watching not just our country, but the entire world being destroyed right before our eyes for absolutely no good and truthful reason!
Strong in the wise force you are….
Check out an episode from Star Trek:TOS season 3 titled “The Cloud Minders”.
Knowing this…and knowing what we all know…I will vote, of course…have to throw as many wrenches in the machine as possible. But we know what rides on 2024. They know what rides on 2024. I think it doesn’t matter if 100% of the people voted for Trump, they will not allow him to win. Period. I think we should anticipate this. It doesn’t matter if we harvest votes like the Dems do. They will simply take those harvested votes and convert them to Dem Nominee votes.
If they fail to do this…and get further exposed…what do you think the consequences for them will be? Death is a real possibility and the complete collapse of their attempted world takeover. Knowing that…how could they ever possibly allow another semi-legitimate election? Answer: They cannot. Their life literally depends on it. My humble opinion is that we continue preparation for that reality.
I AM NOT ADVOCATING NOT VOTING. I am advocating that as Sundance says “Arrange your affairs accordingly”. I am doing the best I can to prepare. Working 7 days a week to get myself in the best position I can. Hopefully it’s enough.
May your hard work pay off for you!
President Trump said something about this is our last chance. It may be.
We all should become familiar with the election laws in our respective states. Ballot harvesting is not legal everywhere. The Texas senate is working on a bill to make election fraud a felony again.
Hope your plans do NOT include holding cash USD. Likely to be devalued if not converted to Approved CBDC by mandated date certain.
It’s known as doubling down on Stupid!
Ohhh boy, I think I have my answer. To raise or not to raise that is the question. I have to imagine Powell will follow suit?
I thought that pivoting and going back to slashing the rates would be the likely path. I also thought that would buy the most time.
So now bond prices (US Treasuries) will continue to fall. From what I understand this is the chief reason for the SVB situation. Also the banks as of late have not been wildly irresponsible. No more loans for hookers buying inflated properties, etc. For the most part the bank’s assets have been US Treasuries and solid loans.
I do not think they are ready for CBDC unless Mark Jeftovic (bombthrower.com) is correct and they backdoor ETH. I can’t find the article but its on his site somewhere and its a doozy. Good information that points to the possibility.
But here’s the most important thing IMO. The US is very much in debt (surprise). To bring in a CBDC after trashing the system many countries will be pissed. I suspect some like China will cut off the exports very fast. OPEC would be another I am guessing.
I would like to say TPTB wouldn’t dare. But they are not accustomed to losing and their hubris is unmatched throughout history. All of Aesop’s Fables, Stories from the Bible, and even the old Islam texts could not capture the level of evil and arrogance we are witnessing today.
Stay tuned as things are speeding up I have to think.
PS If this is what happens (raising rates) Brandon Smith of Alt Markets called it.
A thought keeps bothering me.
People are piling into gold as a store of wealth. Some banks carry gold among their reserves. The US Treasury is said not to have added any appreciable amount of gold relative to other countries with large economies. Why not?
The US government under FDR grabbed gold in the 1930’s at a fixed rate that was below the market price. It was illegal to own gold bullion for the next several decades. Is there anybody here who doubts that the Biden administration might commit the same act of robbery?
If the gold in this country was disgorged into the government’s coffers, there might be enough to issue a gold backed CBDC.
I really do not trust these bandits.
Lankford made some very good points. The video is definitely worth watching!
I agree completely with the analysis. The “math” is right. But there is a fundamental foundational flaw.
“The first issue is the ideological effort to change the economic models based on climate change.”
There’s the rub. Just as we can never see the Uniparty and Deep State actions for what they truly are so long as we continue to think of the fault line as Republican vs. Democrat, liberal vs. conservative, when the REAL fault line is globalist vs. nationalist, we will similarly never be able to see what these monsters are truly up to so long as we continue to talk about “climate change.” Climate change is not a reason. It is a ruse, a red herring, a deliberate misdirection.
“Shifting the economy from traditional oil, coal and natural gas, is one aspect (climate change).”
No. Not climate change. Eliminate climate change from the analysis. That leaves just: “Shifting the economy from traditional oil, coal and natural gas.” OK. Why?
“Shifting the banking system from traditional currency to central bank digital currencies is the second aspect.”
Yup. And you named the reason: “total government financial control.” This is the same reason for the energy shift: total government control generally.
“In the bigger picture, this is an ideological quest to fundamentally change the western economic model.”
YES! But WHY? It is NOT climate change. Trudeau gave the whole game away when he debanked the protesting truckers and everyone who donated money to them. He was brought back in line in ONE DAY. Why?
We had all better be VERY afraid of where they are going with this, because it’s a living global nightmare and it has absolutely nothing to do with climate change. So, what is it about?
If there is a single digital global currency, you get out of line, and they debank you, how do you buy food? What if they decide to debank an entire race, or an entire religion, or an entire geographic area? This has nothing to do with climate change.
The pursuit of climate stasis rationalizes nearly every form of administrative intrusion into private lives, private property and usurpation of individual rights. This is the communal tribunal form of social order. In their eyes, no individual human life or personal property loss can justify any interference with their glorious and holy rise to power as a member of the communal tribunal.
It’s all about them consolidating absolute power. That’s all about your pocket. Becoming theirs. Forever.
“Hand it over. We’ll figure out what to do about you later.”
It’s about the Beast.
Lagarde thinks she’s talking with Zelensky in this prank call but she’s does say a a few important words regarding CBDC’s
The Fed will also raise rates as they cannot stop now, all credibility will be out the door. If they stop, that’s will send a message of fear.
“Hmmm, what’s the Fed afraid of”?
The Fed is trapped, has been for some time. But hey, at least our government cares about all of us, right?
They care. Especially about the death of representative government.
The return to governance by taxation without representation is their great dream and ultimate goal.
I knew there was a resemblance…
We need a hefty dose of Reagononics! Supply side.
My reply to a comment on the Kevin O’Leary post below about small/regional banks surviving.
It’s much easier to be a big fish in a little pond than a little fish in a big pond. They will do OK as long as they don’t get greedy. I had a thought from this comment. I wonder how many healthy small and medium banks will have crooked characters forced on them for the sole purpose to go wild on the lending side to make the bank fail. Then be allowed to get out free once, “my job here is done”.
New comment here: Small banks can survive if they reimagine their role in the community. They may end u0 being like a credit union. They won’t add those extra “000,000,000” to their worth. Officers won’t add that extra “000,000” to their salary……for a few years. They have to stay small and honest…….like George Bailey.
Would, It’s a Wonderful Life, be allowed to be made today?
The Dems corrupt everything they touch. Just think about how they corrupted our Medical system. There were many Drs. that were forced to push those deadly vaccines.
People may *feel* like they are forced, but many can and DO make better choices. How do some accomplish this, while others continue to make bad choices?
Oftentimes good choices will cost us something. People conveniently forget this. In the end, good choices are worth the effort it takes to remain free and sovereign human beings in God’s favor.
She very nearly said ‘Foreign Influencers” at 4:55 in this video.
Another of the major causes of runaway inflation which necessitated raising interest rates was printing then wasting trillions of dollars under the inflation reduction scheme.
Now banks are failing because of runaway interest rates the Feds solution is to print trillions more;
The Fed’s Bank Term Funding Program may inject $2 trillion into US banking, JPMorgan said.
https://markets.businessinsider.com/news/stocks/fed-emergency-loans-btfp-banking-liquidity-svb-collapse-contagion-deposits-2023-3?op=1
There is NO other cause for runaway inflation. Nor is there a necessity for raising rates NOW.
Because of religious adherence to the BBB global plan, suppression of coal, oil and natural gas as energy sources has made the cost of energy skyrocket.
Therefore, the cost of all goods and services has skyrocketed. Especially food.
It really is that simple, as our brilliant and beloved host Sundance has tirelessly pointed out on these very pages over and over again.
The point I was trying to make was that printing two trillion more dollars to fix the banking crisis which was created by printing and wasting trillions for the inflation reduction scheme is doubling down on stupid.
Only those who have no idea what got us in this mess would think that this is going to make things better.
MANUFACTURED BANKING CRISES TO IMPLEMENT DIGITAL ID
EU
NATO
WHO
WEF
CORRUPT AND NEED TO END
The west is run by idiots. They have no real life clue about anything. Hopefully Russian tanks rolls through all of Europe to save the people from their rulers.
You never wish poorly for the people but the European Climate Bank needs a rude awakening and soon. A good run by the citizen investors BEFORE those woke corporate investors get their chance should send the message that these people need to get their acts together and be serious about REAL problems.
Even the passionate Greta is beginning to see the light on some of their fake hysteria. She was used by the WEF over there the way BLM was used over here. It was never about the Black lives or the real climate, those were catch phrases and they “used” those groups in order to skim money from corporations, including banks, in order to fatten the coffers of those who control the curtain and the smoke and mirrors that emulate from within!
In the case of B***h Lament and Moan, the skim from the woke corporations here was to the tune of $82 billion.
All the fake ‘experts’ insist their concerns are always the most important.
Europeons should be banned from entering the USA.
They are a useless lot. Never have paid equally for anything. Spoiled little children living off of American wealth.
It appears that they are attempting to wipe out regional banks, and leave only ‘SIB’ banks standing (systemically important banks, like JP Morgan, Citibank, etc.). What I DON’T understand is where it goes from there. Those SIB banks are commercial banks, and the end result is to do away with them as well, in order to affect the one, central bank that controls and receives all transactions. So, at some point in the future, is Citibank going to acquiesce to this? Jaime Dimon giving up at JP Morgan? There is another step before the goal of CBDC comes into effect, and from what I understand (and I’m no financial genius) it means doing away with all commercial banks as well.
As I monitor a variety of media websites and pundits, i.e., Tucker, Bongino et al, across the conservative landscape, none, other than Sundance, really understand the cause of inflation and how the globalists are getting us to the final financial singularity of a controlling digital currency. I fear we are on a runaway train of sorts.
Question to Sundance: if a digital currency is installed, how could it be deconstructed? Possible? Not possible?
George Gammon did a great review of the current monetary system and how and why they want to move toward CBDC. Towards the end he gives ideas on how to protect yourself.
“Shifting the economy from traditional oil, coal and natural gas is one aspect (climate change). Shifting the banking system from traditional currency to central bank digital currencies is the second aspect (total govt financial control). The banking instability is the crisis that facilitates the CBDC solution. Ergo, continue raising rates and continue making the crisis more useful.”
The cabal always seek to turn underlying problems, to crisis, to advantage. Exploiting systemic factors.
There are several of these “western alliance” global scale machinations executing now as an apparent interacting feedback system:
Economic: Govt overspending, debt, rising interest rates.
Energy strangulation.
Climate and environmental.
Identity class Marxism/Maoism.
Plandemic/biopharma, W.H.O. global control.
War.
The end state all point to is: “Global governance” under 100% surveillance, with CBDC and digital IDs.
The last machination in the list will be escalated to de facto WWIII, to be used to finalize the controls, wipe the sovereign debts and reset the system to the “global governance” system with civil rights “suspended” due to wartime exigencies.
cross posted at https://freedomaustralia.freeforums.net/thread/3195/central-bank-supporting-climate-change
WHOA!!!!!!! It’s time for ALL the world community to have a legitimate discussion on the climate nonsense. We’ve been harassed and scolded for contributing to our climate demise with very little pushback. What are the benchmark claims of climate deterioration? The icecaps aren’t melting. Oceanic water levels aren’t rising. It’s cold as s**t where it always is. You mean to tell me that all our rights are being stripped because WEF groupies say it’s necessary? Where is the opposing view (besides being blocked from the discussion)? C’mon man!!!!!!!!
Maybe a nice time for Sundance to re-introduce his themes from 2016 vis Wall Street versus Main Street. This was specifically a Donald Trump priority.
Need to also add to the lending interest rate increase that “ROI” is still advertised as a NEGATIVE NUMBER by the banks.
That is the reason the US Banking crisis is hard even in the EU wing of the G7. Given negative ROI in the EU, they put their money in the US were ROI is still advertised as POSITIVE NUMBERS..
The “Honorable” Janet Yellen neither looks nor sounds competent, much less confidence inspiring. Between her and Jerome Powell, the middle class, American taxpayers are in for a world of hurt …
It’s just 0’s & 1’s they’ll hit a button and all will be (Build Back) Better.
she looks like a much thinner version of Yellen
The answer is not in these forums, no marches or mobs no fear to stop the elites from winning the game.
Unfortunately, as I witnessed during the trucker protest, J6 cast a pall over citizen protest.
However, there isn’t anything stopping a run on the majors and, for the bold, defaulting on big chunks of non-recourse debt and then going up against the corrupt judicial system and its soldiers to whatever end awaits for God to judge.
The forum is more for identifying the problems and commiserating over them IMO, plus some moral support if/when one is feeling low and discouraged. Solutions and plans of action and mission parameters, not so much. Why? The enemy lurks here.
All action should be on the individual. The FBI/CIA ALWAYS, ALWAYS, infiltrates groups.
I have already suggested people down tools on July 4th for one week. No one is interested, and such a simple thing to do. Stay home for a week. No purchasing, no traveling. Spend the week working on your garden.
San Francisco Bank for thecwealthy (?) rescued.
Yahoo News: “The $30 billion rescue of First Republic Bank began with a series of phone calls Tuesday between JPMorgan Chase CEO Jamie Dimon, Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen.
“Dimon was in Washington, according to a person familiar with the events, and he wanted to discuss some issues that concerned bank capital. The subject soon turned to the fate of the nation’s 14th-largest bank….”
So let me get this correct.
They want to use government money to keep banks from failing so the people don’t lose their hard earned cash. By using the government money they then need to take more of “their” money back from the people to support the assets the people had deposited.
What could go wrong with that???
Wealth redistribution under auspices of ’emergency’, which we saw in spades with the Covid operation.
Sometimes the winning move is not to play; however, over 300 million people have a hard time agreeing on anything, much less not playing the game.
First mistake: There is no such thing as “government money”. It is our money.
Interesting that the “Banks” are going along with this scheme, apparently they don’t realize the end goal is to eliminate the need for BANKS as the central BANK will now control everything with the touch of a button….Silly BANKERS……..You’re NEXT on the chopping block. I wonder how many know how to CODE…..:)
We saw quite a visible rise of corporate fascism during the Covid operation. Think of corporations and banks, etc, as vehicles, not entities imbued with a soul. They are used by humans to enrich themselves and then the carcasses can be tossed aside. As long as the humans get what they want, a central bank is not a problem.
It appears they’re getting what they want, and we’re unwittingly or consciously helping them get it. I wish it weren’t so but if wishes were horses we’d all be cowboys.
The woman doesn’t know what to say because she is not in charge. It is clear by her answers that she is completely out of the loop, not knowing a substantial amount of information about key aspects of the destruction of the financial sector and the overall destruction of the American economy. She has to be one of the stupidest people to hold a spot in the cabinet, ranking right up there with the California Whore.
climate change is code for the plan to remove representative government, and replace it with WEF.
“Shifting the economy from traditional oil, coal and natural gas is one aspect (climate change). Shifting the banking system from traditional currency to central bank digital currencies is the second aspect (total govt financial control).”
The second is proof the climate change is a scam. Digital currencies of any type use millions of gigawatts of power to produce nothing of intrinsic value. What they do do is dump waste heat into the environment.
OUT FRONT: I have been a Treeper for only 2.5 roughly years. Wish I knew of CTH long ago.
I have posted only a few times. I read as much as I can here. Smart, intelligent insight from many.
1st – to Sundance, thank you… For your daily work, and steadfast realization.
2nd – to Regitiger, thank you
The J6 columns are brilliant. Put it in sunlight with such precise measure to the events.
Never give up Treepers. Never…
Geez, and here I thought this actually meant something: Article I, Section 8, Clause 5: The Congress shall have Power to coin Money, regulate the Value thereof, and of foreign Coin.
Buy stock in wheelbarrow makers.
SD – “…. the banking system downsizing and getting more control with less players.”
I literally told a family member and 2 friends earlier this week this conclusion with these exact words verbatim when evidence arose of depositors removing assets from small and regional banks to the Big 4 earlier this week.
Now, the EU is making moves to cause the same thing.
Coordinated! There are no coincidences!
I’m not a banker but it sure seems like the USA needs a true MAGA bank with branches in all Red states to open up.
My bet is as the word spread of a MAGA bank the deposits would roll in as the 100M strong now realize what the left are trying to do with money.
Ideally voting these idiots out of office is job 1 and if that doesn’t work then using Texas’s right to succeed and then adopt the Oregon Idaho model where Red States or even Red Counties join Texas.
Bottom line is Patriots need their own MAGA Bank/branches along with MAGA Medical Hospital/Clinics along with MAGA Private Schools system that follows the Hillsdale College model.
I had used a great community bank during President Trump’s tenure. Trump had in fact created rules favorable to local banks to promote small businesses and community investment. Much to my chagrin, this great community bank was promptly gobbled up by a larger bank upon FJ Biden’s treasonous COUP.
There are no coincidences.
On Tucker Carlson last night:
“Kevin O’Leary offers ‘tough love’: We don’t need regional banks in the ‘internet age’”
Right…
Rather than regulating banks properly by better determining which ones are ACTUALLY systemically dangerous by considering the characteristics of their depositors as well as what percentage are over the FDIC limit instead of just a dollar amount, somehow dealing with incompetent and fraudulent ratings agencies and, best of all, bringing back Glass-Steagall’s separation of FDIC insured commercial and investment banks, he apparently wants more too-big-to-fail banks which should be TOO BIG TO ALLOW TO EXIST. As an added benefit, it makes CBDC easier, at which point somewhere down the slippery slope your money WILL be controlled by the State.
What an absolute moron… That Carlson even allowed him to spew that shows how stupid Carlson is on some issues.
Also:
“In August 2021, it was announced O’Leary would take an ownership stake in the parent companies of FTX.com and FTX.US as part of his compensation for becoming a “spokesperson and ambassador” for FTX.”
“Kevin O’Leary grilled on why he kept money at SVB if management were ‘idiots’”
He was also apparently on Hannity and at least one of the other Fox shows which makes me wonder why Fox is paying so much attention to this idiot.