Before getting to the details of the Credit Suisse issue, it is worth taking a bigger geopolitical context to the dynamic. The initial backstop sought by Credit Suisse was from the Saudi National Bank; however, SNB Chairman Ammar Abdul Wahed Al Khudairy refused more lending {LINK}.
This is where we need to keep the BRICS -vs- WEF dynamic in mind and consider that ideologically there is a conflict between the current agenda of the ‘western financial system’ (climate change) and the traditional energy developers. This conflict has been playing out not only in the energy sector, but also the dynamic of support for Russia (an OPEC+ member) against the western sanction regime. Ultimately, supporting Russia’s battle against NATO encroachments.
Russia, Saudi Arabia and China are geopolitically aligned in interest against the western financial system. As a consequence, when western banks find themselves in need of capital and cash, there is a layered geopolitical dynamic in the background to Saudi refusal that must be considered.
With multiple western banks now in trouble, Credit Suisse is also exposed, and, like U.S. Treasury/Fed intervention in America, the Swiss central bank has stepped in to backstop the looming collapse.
In the big picture, we are seeing the ramifications of the ‘Build Back Better‘ agenda impacting the banking and finance sector which spearheaded it. I am not seeing this discussed anywhere, as the western governments of the collapsing banks are being forced to intervene.
(Reuters) – Credit Suisse on Thursday said it was taking “decisive action” to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.
The Swiss bank’s problems have shifted the focus for investors and regulators from the United States to Europe, where Credit Suisse led a selloff in bank shares after its largest investor said it could not provide more financial assistance because of regulatory constraints.
Regulators in the private banking hub on Wednesday had sought to ease investor fears around Credit Suisse, which added to broader worries sparked by last week’s collapse of Silicon Valley Bank and Signature Bank, two U.S. mid-size firms.
Asian stocks had extended Wall Street’s tumble on Thursday and investors bought gold, bonds and the dollar, leaving markets on edge ahead of a European Central Bank meeting later in the day. The bank’s announcement in the early European morning helped trim some of those losses though trade was volatile. (read more)
Again, I go back to the geopolitical map. The yellow nations with sanctions against Russia are also the yellow nations driving the ‘Build Back Better’ climate change energy policy. The grey nations are not in alignment with either dynamic. It is not a coincidence the banking issues are all within the yellow nations.
(Via Daily Mail) Wall Street’s main stock indexes opened lower on Wednesday, as turmoil at Credit Suisse renewed fears of a banking crisis and sent shares of major US banks lower.
At the opening bell, the Dow Jones Industrial Average fell 396 points, or 1.23 percent, while the S&P 500 opened 1.09 percent lower and the Nasdaq Composite dropped 1.20 percent.
Shares of First Republic, one of the regional banks swept up in contagion fears after the collapse of Silicon Valley Bank, dropped up to 11 percent after the bank’s bond rating was downgraded to junk status by S&P.
In Europe, shares of Credit Suisse plunged more than 25 percent, hitting a new record low for the second day in a row, after the Swiss bank’s largest investor said it could not provide more financial assistance to the lender.
The Big Four trillion-dollar US banks suffered in early trading after yesterday’s rally. Wells Fargo slid 3.9 percent, Citigroup dropped 4.3 percent, Bank of America was down 2.2 percent and JP Morgan saw a 3.5 percent dip.
After the collapse of SVB Financial and Signature Bank, emergency measures by US authorities had soothed some worries about the health of the other banks, helping regional lenders stage a rebound in Tuesday’s session.
However, regional banks were giving back their gains in early trading Wednesday, with shares of First Republic, PacWest and Western Alliance all down between 2.7 percent and 11 percent.
[…] Driving investor sentiment was turmoil at Credit Suisse, after its biggest shareholder – the Saudi National Bank – said that it would not inject more money into the ailing Swiss bank.
Saudi National Bank chairman Ammar Al Khudairy told Reuters: ‘We cannot [buy more shares] because we would go above 10 percent. It’s a regulatory issue.’
The Saudi bank holds a 9.88 percent stake in Credit Suisse, according to Refinitiv data. (read more)
Yellow Team -vs- Gray Team: Remember, China just brokered a deal to lessen hostilities between Iran and Saudi Arabia. The fulcrum of that agreement was economics.
Meanwhile in North America, Mexican President Andres Manuel Lopez-Obrador has said he was not willing to join the energy suicide pact pushed by Joe Biden and Justin Trudeau…. A policy break in the trilateral relationship which suddenly, and not coincidentally, aligns with the timing to make Mexico a pariah to the U.S. vis-a-vis a renewed media push on the drug cartel narrative.
BIG PICTURE NOT BEING DISCUSSED – The western politicians followed the climate change instructions of the WEF multinational corporations and banks (Build Back Better) and post-pandemic immediately started reducing energy development. The central bankers then began raising interest rates to shrink the economies of the same western nations to the scale of the now diminished energy production.
The raising of interest rates is now hitting the national and multinational banks impacted by government policy that was following WEF orders. Now the western politicians are stepping in with the government controlled central banks to backstop the national banks and multinationals. Can you see the dynamic?
Team yellow is suffering the consequences of their own ideological policy as enacted. Team grey is not going to help team yellow get out of a crisis team yellow created, which was intended to hurt team grey.
…. And we continue watching.
“The head of global markets at Credit Suisse is a mentally ill “gender fluid” man who sometimes believes he wakes up as a woman”.
— Jordan Schachtel (@JordanSchachtel)
When they get burned out at having everything they ever wanted for their mind and senses they always seek new and novel things to get turned on. That lustrous pearl of the soul gets buried deep in a well of mud.
Hoping and praying we can return to the natural order of things both monetarily and culturally. (Spiritually, really)
I’m afraid that’s not going to happen without a “Great Reset”–God’s “Great Reset.” It appears to me that satan is being allowed to set up His end-time systems for the seven-year tribulation.
TODAY is the day to call upon the name of Jesus for salvation!
Of course nobody, but the Father, knows the day or hour, not even Jesus!
Make sure your soul is in order and pick up your sword and fight
To be sure, only the Father knows, but Jesus gave us signs that indicate His return is near. Look around and you see those signs everywhere.
However, with that said, NO ONE is promised another breath!
This is the best comment on the internet today in relationship to the “situation” and dream about every Christian and Godly person seeing it and dealing with it.
Does God’s promise to Abraham: Psalm 105:8: … “the word which commanded to a thousand generations”
Does the generation count start with Adam, Abraham or our Lord and Savior Jesus Christ?
We do not know the day or the minute … but this Russia/China alliance is interesting.
IMO JoBama pushed Russia and China together.
Now they’re pushing Saudi Arabia towards the BRICS Alliance too.
The US can’t be trusted to be a real ally. We’re not reliable enough to produce any stability at all.
There’s no real patriotic adults in power in US politics. Just corrupt clowns.
The Day of the Lord, indeed. The imaginations of the demonically-controlled lead them to Hell’s door. Let’s not follow them in any way.
I know, but that is gone forever. All we can do is make the best of what is left.
Jimbo, I so wish that was a possibility, but there is no return to pre-covid anymore than there was a return to pre-9/11 or before JFK was assassinated. After they break it all, there will be rebuilding. Hopefully, WE and not THEY will be the ones doing the rebuild to our own designs.
sssomething fishy
There is something very wrong with the world. Was something added to the water in the past 40 years?
I can’t imagine putting someone like that in charge of anything.
He needs to keep his gender fluid to himself.
Those people belong in the nut house at the very least.
I just threw up a little in my mouth.
😂 🤣
Gene Burnett – Jump You F*#kers (A Song For Wall Street)
Thanks for finding this. Harsh and vulgar are needed when manners and subtly fail to penetrate.
Do hardened hearts understand manners and subtly in any way??
Greed and narcissism harden hearts.
Downloaded. Thanks.
Jumping with golden parachutes. Sounds like fun.
“Joe Biden just nationalized the U.S. banking system.”
As I have screamed so many times, “He has NO AUTHORITY to do that”.
“ALL REVENUE BILLS MUST ARISE IN THE House of Representatives”… No exceptions.
The banking system was “Nationalised” a LONG, LONG time ago.
The “healthcare system” was, as well.
The ‘system’ for Home ownership, for Education, it’s All been “Nationalised” over many decades.
It’s just that now we are SEEING it, as we begin to red-pill, and realise “the American dream” was a “hypnotic suggestion” implanted in to our heads, and never existed.
“If only I didn’t know NOW, what I didn’t know THEN!” is the relent of the red-pilled.
We WISH most fervently that we didn’t see the strings, but to no avail
And the vast majority of the “useful idiots” we call “libtards” are people just like us, in deep denial as they recoil (and honestly, can you blame them?) at the prospect of seeing the awful, dystopian truth.
Makes me wish I could play the guitar.
This reads like the West is suffering as if they made a mistake or something when in reality this is Exactly what the globalist cabal wanted and how they planned it. BRICS nations are all to happy to assist. Probably invited to do so. What were witnessing has never happened before but it seems like everyone wants to approach the manufactured crisis of today in the age of the new normal and somehow try to make it make sense. I assume because its unfathomable to think that a nation would deliberately try to reduce its own strength. Think of the countries of the western world like individual states like in the United States under one government with reps from each state dependent on social credit scores
OBAMA
fundamental transformation. He only needed 3 terms to do it.
But it took about 100 years to lay the ground work and make a president like Obama possible.
But who’s pulling his strings?
BRICS was established for this very role.
Serious question….. does anyone think we’re going to fix this by working harder, paying more taxes, investing more money into the enemy’s pockets and continuing to provide them with the wherewithall to destroy our lives and kill us? That’s what we’re doing. Well, I’m not but I’m a nobody who was in business for himself for decades and saw the writing on the wall. I’m not playing the game any more. If capitalism has to be sacrificed to salt the earth of Communists, so be it. With money or bullets and bombs, I don’t care.
.”…does anyone think we’re going to fix this by working harder, paying more taxes, investing more money into the enemy’s pockets and continuing to provide them with the wherewithall to destroy our lives and kill us?”
I’m not aware of anyone who thinks that.
It’s what we express in our flag-waving political conventions, doing the things we were taught to do by all the upstanding political institutions.
Once all of the window dressing eventually gets pulled down, we’re going to witness vast deception done to us under the guise of doing our good American hard work. Whatever we built, the users got the first fruits of it.
We have been pawns of a well-connected few for generations, foolishly feeling in control thru a pretend democracy while the banking bastards lapped up the usury. Now they actively oppose us and our faith but we have no human leverage to stop them. They run the voting on the big stage now.
You see, the truth is, is Hitler was right. He just went about it the wrong way.
You see Hollywood, perversion, and usury all hiding behind the death mask of 6 million.
Take a look in the mirror and what you do, personally, every day. Seriously. Look at the choices. Do you work to ‘pay the bills’? Do you pay income, sales, property taxes? Do you put money in banks? Do you invest in stocks and bonds? Do you have retirement accounts in the financial industry? Do you have a business?
Congratulations, you’re playing the enemy’s game and benefitting them.
That’s not an indictment, rather choices citizens make and the consequences. Today that means what we’ve seen the past few years. Disease, death, financial ruin, rampant corruption, on and on. Every one of us who supports and agrees by action with the system that’s destroying us is part of that system whether they like it or not.
Make different choices.
The sentiment is exactly correct but the method is “off” in that we do not have to sacrifice any element of capitalism (freedom) in the process.
Someone who is used to dedicating their efforts to wealth accumulation, productivity, responsibility — then finds a “time for war” has arrived is temporarily disoriented by the prospect of responsibly applying “productivity” on evil men’s heads and bodies in order that they CEASE stealing our wealth and “other things” (like freedom).
We are called to target carefully but not hesitate, if need be, to oppose evil.
We are at “need be”.
You do care. I do care. And I do not relish doing “what happens next’ because we care.
I wish they had left me alone.
There is nothing as ferocious as the rage of a man who wished for nothing more than to be left alone.
His will be done.
https://www.lewrockwell.com/2023/03/no_author/silicon-valley-bank-trump-the-cartel-drug-money-bank/
Another rabbit hole
There always seems to be more to the story…
The “”’science””
of
Climate CHANGE
-cha Ching!
————————
More than a half century ago, famed writer C.S. Lewis warned about how science (a good thing) could be twisted in order to attack religion, undermine ethics, and limit human freedom.
Have you read Screwtape?
R.I.P. Paul Harvey!
Mass Psychosis: That’s mighty big rabbit, with holes in CA, NH, Mexico; you name the place and sure enough, there’s another rabbit hole.
never ends
In this case, at the bottom of the rabbit hole is, another rabbit hole….
great article.. thanks for posting
Thanks….even when you dig, you find there’s more than what’s seen. This is the tip of the iceberg.
Well when I heard the testimony about the Sinaloa cartel’s influence in Arizona politics I immediately became skeptical. No way would someone do this type of in depth anti corruption reporting for noble causes…waaayy too dangerous without federal protection…and we know the feds aren’t going to protect anyone but themselves and their democrat cronies.
I immediately thought that the opposing cartel was running this publicity campaign…no other reasonable explanation….only way these “whistleblower” would feel safe is if the opposing cartel had their back.
Very sad state of affairs in this country.
The cartels have been growing dope in our national parks for a long time too.
oh I just posted this too lol
the main point being something happened to cause the $42B withdrawal, namely an impending investigation of state governmenters laundering / being paid Sinaloa cartel money
The depression era generation didn’t trust banks…..this generation is getting ready to find out why.
the only financial advice my parents ever gave me was dont get credit cards and save your money.. Depression WWII folks. They were right
But then it became impossible to buy big purchases, rent an apartment, etc without a credit score. So, you had to use credit to establish credit so you could borrow for a car or home.
Isn’t this banking collapse part of the UN’s global reset plan? Build back better entails a complete demolition of our economy and digital currency requires a complete collapse of real currency, does it not?
There you go….now overlay that outside the box thinking to the invasion of Ukraine narrative. The narrative being that Russia invaded Ukraine against the will of the UN as one example.
comedy of errors
noun phrase
: and event or series of events made ridiculous by the number of errors that were made throughout.
Its not an error if they wanted to make them.
Yes.
Emergencies are needed to change unpopular and unwanted policies.
“Change to”
Look at the emergency they created to get the department of homeland security.
Now we’ve got a Cuban born commie running it.
Yes, part of the plan. The demolition of our economy does not have to be complete, just severe as already done. The currency switch has to be complete because if there is an alternative, people will use the alternative.
Recall the financial crisis from the late 1980s and the 2008 sub-prime crisis in the housing market. Our response to these two events did not go unobserved, nor was the rest of the global economy unaffected by them. Globalists learned the way to diffuse a global crisis and, thereby gain control of the masses was by control. Fear became their method of control. Do not fear them and they lose control.
Joseph,
An extremely important point.
And do not, by your lifestyle choices, put yourself in a position where they can threaten you.
Falling into the credit trap, for instance.
How many took the jab, because their livelihood was threatened if they didn’t, and they HAD to make their mortgage payment, car payment, etc.
“There is nothing so fearsome as the man (or woman) who knows they have NOTHING to lose.”
Once each individual truly realises all is an illusion, that the masses are comprised of those who don’t realise they ALREADY “own nothing, and are happy” the illusion collapses.
Another thing not being discussed is the role Treasury Notes are playing in these insolvencies.
The bought and paid for MSM has adapted the distributed talking point of calling them bonds.
True, technically Treasury Notes are a type of bond.
And, this is what I could not figure out about the Federal Reserve stepping in to stabilize the Repo Market.
I had a strong inkling that the issue resolved around foreign sovereign wealth and foreign capital reserves earned from trade inbalances.
And that these stake holders and put their finger to the wind and said, “We are not liking what we are seeing going on politically and fiscally in USA.”
Either that or, “How can we F’ed USA because the directional of it’s foreign policy is insane and driven by pure domestic political football.”
Essentially, the Treasury had lost some major buyers and need to make up the short fall…
And the solution put in place back then is now coming home to roost.
I could not quite figure it back then because of a missing piece in the transactions of the Repo Marketplace.
Repo? What heck is Repo.
In a nut shell is a clearing house exchange for buyer and sellers of Treasury Notes so both can go on there merry and separate ways without hanging around for ink to dry(settlement). This is done with the Repo’ers borrowing money at over night interest rates from Big Bank if not outright from Federal Reserve Banks.
But, back to the coming home to roost stuff and how the Federal Reserve’s solution to the Repo market ‘interest rate crisis’ is tried to the SVB failure.
The systemic problem stems from the Federal Reserve acting as both the seller and buyer of new T-Note issues using their down stream ‘big banks’ to take on bigger portfolios of T-Notes.
Now, with interests rates so high.
The problem is why buy old notes when new notes issue have much better yields.
Thus, if there is need to increase your institutional capital reserve liquidity.
Think inclined plane wrapped around a cylinder…
Your screwed!
I allowed our family’s brokerage account to run off and closed it immediately after the last bond matured. I do not intend to open another. However, if I had an account right now, I’d call to see what kind of deal might be available on some discounted “off the run” treasury paper. I would not shop for 30-year bonds, but 10-year or shorter duration might be worth exploring.
The Fed and the Treasury might decide to require bail-ins on money on deposit in banks. My assumption is that they would fully honor Treasury paper held to maturity. Those could be laddered to build a bridge to what might be waiting on the other side, if there is another side.
Maybe. Maybe not. Just spitballing.
Also, it may be interesting for people with the resources and curiosity to watch the volumes of Treasury paper trading hands. The ebbing of the USD’s reserve currency status should mean lower volume if international trade is semi-normal. However fear, greed, and options in the currency markets and weirdness in the availability and the flow of goods could make for some intriguing tabletop exercises.
Interesting times.
Check back for reply later this evening.
First off, I took Sherri reply as an invite to flesh out, “What I wrote in the above.” Call it a hunch.
So, what is a T-Note?
The gist is, the Treasury gives you a promissory Note that if you give the government X dollars the Treasury will make semiannual simple fixed interest payments on a schedule, such that the total amount paid plus the return to you X dollars at maturity equals 10,000.
It is that simple.
To illustrate by using some simple round numbers.
If you buy a T-Note at its issue offering price of say $9775. That promissory means that the government must pay you $225 over ten years. Which means every six months you get $11.25 and at the end of the ten year term, the Note matures and the Treasury gives you back your $9775.
The WTF of all this is, “You must remove your thinking from the terms of grandma buying a few Notes and start to think in terms of scale.
Let’s say, I personally have about $60 million dollars and I am looking for a low risk means to put that sum of money to work.
Treasury Notes nicely fits this requirement. Since, each year as I sit around clipping coupons and living the large life. I earn a little more of over $1.55 million per year before my feet even hit the ground in getting out of bed.
It is a no brainer and the crux of the matter is I get my sixty million back at maturity of T-Notes..
It is a wash and repeat cycle of easy and lazy of home office wealth management.
Sure there are a number of interests reaching into my pockets… I.E. fees and taxes. So I don’t actually realize this $1.55 million at the end of day. However, those details involve becoming lost in the weeds to my observational construct.
Since I am just trying underpin the premiss of a promissory T-Note in it’s simplicity.
However, when the real world comes into play into accessing the value of a portfolio of held T-Notes and the exchange mechanisms to off load them before the Notes mature…
The WTF point, “Is even with my coupon clipping ass sitting on 60 million, I am still just a ‘Grandma’ in the relationship to the marketplace on Treasury Notes.
The dynamics of which I will seek to follow up with my homespun wit in another post.
All of his at the end of my rant will be tied up nicely with a bow on it. And speak volumes to the many and various themes Sundance has been covering for well over a decade.
I will pickup where I first started with the Repo marketplace(original top level of this thread) and how my simplistic establishment basis talking of points plays out.
Specifically, when you need to convert the intangible promises into hard cash.
What says, “The two or three people that actually liked my original post.”
Are you still following this thread???
If so, I will continue…
Otherwise, I am not into self-deceiving myself.
I do very well have something to say and ask to bare with me as I formulated a later reply that continues my laid(establishing) build up to a revealing
Since there is a lot of ground work to establish. So yes those that may read these follow-up posts have MOST definitely move on in the 24/7 cycle. That is not my concern. My concern is those that original liked my post is…
“Are you still following and want me to continue.”
As not as sexy of immediate validation but
I caution all to an historical observational observation point.
Namely the three stooges stlick where all three of them owe each other $60.
And Moe finds out Curly has $20 dollars in his pocket. The point is not that each of them has a net wash of $60 dollars owed to each that forgives the debt owed to eachother
The point is, ‘How can Moe put that $20 dollars into his own pocket after each of them comes to the sullen understand that each of their debt payment obligations are a net wash of forgiveness.
He does so by misdirection that places the residing outcome of where that twenty dollar bill will land. To that of, “In his own pocket.”
Sound familiar. If not!!!!
Then the replacement of the stooges transactional of a twenty dollar bill with an the understanding that the twenty represents not an actual $20 but a representation of holding an empty bag said to be worth $20 dollars.
Then the above gambit becomes musical chairs of who is left holding the empty bag.
Specifically when identifying the triad of the players. Such as the …
Insituational players(globalist) with their vested interests to parties within government are beholden to the former. And third parties, “Citizens” that are totally clueless to just who is paying the bills and ARE SO easily put on the fence one way or the other against each other.
I only ask one thing…
Just when does the rath of God sums of money overide the foundational intuitional trusts.
And, sellout’ism has an institutional value that presents the operationals…
Hmm, just when can the institutional players paradigm be rectified?????
That becomes, inherently more of a question than of doing “,What is right, and more of question of not wanting to left Holden the bag ”
Just stop and think about this for a moment!!!!!
I’m back. Please continue.
Ok Sherri…
Check back late tomorrow.
At this point this post is so buried, almost none are reading anything we have to say.
All the same there are some deep granular deep in weed details here.
Worth my attempt to try being up to ‘Big picture’ take aways.
I just re-read my three stooges post. It is poorly written. However what I am attempting to describe through this metaphor…
Is the economics of poor fiscal policy involves/ requires someone left hold the bag. Whether it is someone to blame or someone left screwed with no recourse.
i think the time for being in this game is over. Physical assets only.. Some cash for expenses.. but if cbdc hits..,we are all screwed.. total monetary control.. Move to Mexico or any BRICS country, anyone?? 😀
I don’t think it is going to be “easy” for them to institute CBDC.
I recall, during the Canadian Truckers Strike, seeing a commercial made by the Canadian government, touting the new CBDC they were planning to “roll out”.
So, they had gotten so far into their planning, as to have a “slick” and expensive “public service announcement” (commercial) touting their CBDC, but they still haven’t formally “rolled it out”.
I think they greatly underanticipated the resistance, much as they believed their own narrative that since 95 percent of Canadian Truckers we’re vaxxed, the Convoy was just a small group of malcontents.
They often exhibit such blindness, stemming from their hubris, and ignorance of WE,their enemy.
Their lack of comprehension of how we the people think and do our thang is astounding. It keeps leading to them making colossal mistakes. Unfortunately, the populace watching the boob tube keeps following the media heads and making poor decisions for themselves.
There is huge resistance now that the truth of the clot shots is coming out. People will not keep trusting the government under these circumstances. Those who did not get the shots think critically first.
Dodd Frank Act changed the game.
Taxpayers don’t bailout the failed bank, the depositors do. It’s in the legislation. Anything you have over the 250 will be used to pay off the creditors, if they actually pay out the value up to 250.
Saw recently that the FDIC only has about .30 of funds needed to cover for major crashes.
NOt to start a bank run, but consider pulling some cash out just to be safe.
For the NWO to succeed (yellow) they must take down the U.S. to compliant status. The Gray guys will continue to align. The last act will be Armageddon between yellow and gray. Then God will have the last word.
Honduras is the latest going grey.
https://hotair.com/jazz-shaw/2023/03/16/honduras-opts-for-the-axis-of-evil-n537103
Is it just me or is all this bank drama unusual or coincidental following on the “test” of the “digital currency’?
Can anyone see any benefit in this “crisis” that the one worlders would have set up to advance their digital plans? I’m not a financial guy, so I can’t figure it out. Thanks.
I think the timing of this is to cover up criminal activity by the SV bank and “important” people. However, they planned to take down the small and medium banks to run everything through the central bank for a long time. The CBDC, aka FedNow, was in the wings waiting for such a crisis, which Powell KNEW his rate hikes would create.
The drama is because they effectively nationalized the banks, making them answer directly to the government. There is no longer a free market aspect to US banking. That is a huge issue in a supposedly free country. Further, as some senators pointed out, the grossly unfair situation of small community banks footing fees for priviledged huge hedge fund banks like SV bank.
“Credit Suisse on Thursday said it was taking ‘decisive action’ to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank…”
So sort of like kiting checks at a global level.
If my account balances are too low, borrowing $2,000 only improves cash flow for the moment–it doesn’t solve the problem.. Maybe it works better if billions are borrowed? Dunno.
Isn’t what they are doing robbing Peter to pay Paul with someone else’s money?
Isn’t it a loan? They still have to pay that money back, right?
Just asking.
Of course that’s what they’re doing….which was my (poorly made) point.
It wasn’t a poorly made point. I just don’t know a lot about the banking business. 😊
If you broaden what the Saudis did in refusing to lend more money, what happens when financially-sound nations refuse to buy US Government debt? Our money has no tangible backing so what happens?
I think all of this has been balancing on the head of a pin for a long while now. It won’t take much to send it all tumbling and, when it does, it’ll be intentional with a larger end-game in mind.
China and Japan are selling US government debt….the two biggest economies that hold our debt. In other words, they do not trust the dollar now.
Social Security can’t be paid, for one.
This has been going on for a decade. Japan is the only one consistently buying US debt until recently when they had to unload some. They all used to buy our debt in huge chunks every month of every year.
The globalist end game is the CBDC digital coin control grid of which FedNow is a major step toward.
whahahaha….
When will individual US States join the BRICS Currency system? Wouldnt that be something.
My 87yr old mother-in-law lost her mind over all this bank news! Literally! She wanted to take all her money out of the bank and bury it in the garden, wants to grow her own veggies (she can barely walk). My father-in-law died Christmas day so she is all alone. My hubby had to drive up there (6hr dr) because she was losing it… all because she watched Fox news. She probably isn’t the only one who has reacted the way she did. The fear-mongering is not helping the “run on the banks” situation.
The harm these WEF’ers are causing is outrageous. And to think that 3 short years ago, everything was humming along, economy better than it has ever been… and then a moron steals an election.
I really hope and pray that President Trump gets back to the White House.
I don’t know your situation, but some older people like your MIL had parents who lived the depression. So, the bank news is real to her in a way that it is not real to us today. Can you buy her a small lock box or safe where she can keep some of her money in sight? Can she find some community garden that has food for sale or has a spare plot that she can hire some young person to help her grow things she wants? Can you set her up a container plot so she can have 2 or 3 tomato plants and a cucumber vine? I’m trying to think of ways that she feels empowered that she can do something.
Yes, she grew up in that era. However, she has absolutely no need to worry about anything. Her money is safe, she has plenty of food and two sons who make sure she is okay. I do batch cooking and freeze up single meals for her and hubby takes them up to her periodically so she always has something nutritious to eat. So, her flip-out was irrational, to say the least.
I am going to pot up a couple of tomato plants for her though 😉
I was trying to highlight a reason why some are pulling their money out, thus exacerbating the problem… and the fault lies with the constant fear and drama portrayed on Fox (which she watches all day).
It sounds like you have some resources. If she is serious about the plants, the Greenstalk Leaf vertical planters are pricey but perfect for elderly folks and their plants. Walmart sell sets of lettuce and strawberries in season for their locations as well as tomato, pepper and herb plants.
I would let her pull her money out of the bank. The banks are going to be converting our money to a digital control system very soon. We have been warned.
Did she REALLY “lose her mind”, or was she suddenly and dramatically forced, by events to “red-pill” and see things as they REALLY are, instead of seeing the projected illusion?
And paniced, as she realised how “late in the game” she is, for such a realisation?
Frankly, I would say she didn’t “lose her mind” which generally implies losing contact with reality
I would say she finally got contact with reality, and it is, respectfully YOU who is still living in a fantasy world, because truly embracing the dystopian reality we find ourselves in, is simply too horrifying.
No, she literally lost her mind. And it hasn’t been pretty the last few days.
Also, she is way more red-pilled than the average person. She loves President Trump. She understands exactly what is going on in the world. Did I mention she is 87 years old? Recently widowed?
As for me? ME IN A FANTASY LAND?? LMAO! I am here at CTH so I think you have me pegged wrong. I am definitely NOT accepting of the dystopian reality we find ourselves in at all. I have made preparations for what is coming.
I honestly have no idea how you got to your opinion of my mind from what I wrote about my mother-in-law… which was simply to show what listening to the fear-mongering will do to a person.
When you stated that she should leave her money in the bank, it showed that you have not recognized yet that you have been warned, the banking system is going to be converted into a control system.
Imagine, collectively, what the enemy is using our bank deposits for. We don’t have to imagine,we can qualify and quantify it. It’s not like those deposits are sitting in a box somewhere waiting for grandma to stop by and pick them up. The enemy is using them and in reality not providing grandma with any significant compensation for doing so.
What I don’t get is why people are sacrificing themselves to prop up a system that’s destroying them and in some cases outright killing them. Witness the Covid operation. We paid for that, some of us with our lives.
It defies belief. I’ll never understand why people are inured to the master of money and others controlling it, especially when the others are the evil they’ve so clearly shown themselves to be.
Perhaps I’m too close to the Depression and the Revolution. Too much distrust of government and institutions and, particularly, smart, corrupt humans. We’re swimming in them these days.
Canned food to eat or barter.
At least we aren’t using the red/blue USA map to explain the Banking crisis. I think we usually see everything through our own prism, I am at least pleased to see we are using a different color scheme to show our myopic politically oriented world views, at least for this week.
Maybe you like rainbow colors?
Here we are again.
After years of free money with zero percent rates the Bank geniuses seem to be unable to operate in, now, a low interest rate environment.
Now the state through the Fed, has created a welfare bailout (Bank Term Funding Program BTFP) they say for depositors.
Baloney, it’s another TARP type bailout on steroids.
They’re talking a $2 trillion giveaway but up to $7 trillion if smaller banks want to get in on some of that grease.
We can blog away until they turn the lights out or we can move now to take it back and make them pay dearly.
Daylight’s burning!
oh man we were so happy at the time to see interest rates go down to 7 percent!
The 2009 “crises” was the equivalent of a diagnoses that the Global financial system was TERMINAL, and there was NO “cure”.
As it’s death was simply too unpalatable, they came up with ways to keep it on life support, like a brain dead Schiavo type patient.
Inevitably, they were going to have to raise interest rates, eventually and the system could not survive that.
I’m glad you made this connection. This isn’t anything new, rather a continuation of the decline into the abyss. I hope more people make the connection. Save yourselves. Life is too valuable.
THIS^^^^^
Remember the US & UK betrayed Rhodesia and assisted the Communist terrorists. So you could say the US/UK globalists (CFR/Fabian Socialists) did this on purpose.
China buys its first African colony for a meagre $40 million
https://capx.co/china-buys-its-first-african-colony-for-a-meagre-40million/
How many slaves can China buy for $40 Million? The African warlords in the 1700’s sold off their own people in the same manner.
There was a time when it was pretty clear cut who was good and who was evil. Now I am not so sure. We seem to have become what we once fought against.
Africa always wins. Of course, genocide is in the CCP play book.
the thing is China doesn’t seem to be forcing mass austerity on a country that is having trouble repaying like the IMF / USA does
They install military bases instead.
Yet. Also, the US installs military bases as well.
Build Back Bankrupt Better.
BBBB.
Remember that old commercial?
“You’ll wonder where the yellow went when you brush your teeth with pepsodent.”
Clmate change yellow on the map will eventually fade to grey as time goes on.
In the mean time people who are ruled by those in the yellow map area will continue to suffer.
The facade of the climate change agenda is beginning to crumble.
https://tse2.mm.bing.net/th/id/OIP.E1V1mbuZGMafb0lsCEKkLQHaHP?pid=ImgDet&rs=1
And Team Yellow doesn’t care about the damage they are doing.
More-so, they are most probably very pleased with that damage being done by them.
It’s yet another contrived “crisis” that “won’t go to waste” as they enact new laws / rules / whatever that gives the Western “free” governments even more (permanent) power.
Nearly everyone I know has a nicer house, nicer vehicles, take expensive travel vacations, etc., than I do.
As we slowly slip into this new Authoritarian world, I just keep telling myself – there’s a whole lot more people with a whole lot more to lose than I. If they can apparently “take it”, so can I. That gives me some peace of mind.
An eye opener on the corruption background affecting in particular SVB but perhaps going much beyond…
https://forbiddenknowledgetv.net/silicon-valley-bank-trump-the-cartel-drug-money-bank/
We are in the last years of the fourth turning of the generational cycle which ends in crisis, which could mean, war, economics crash, but it will be a history changing event. We sure have plenty of crises in the making so stay tuned because it starting to move and shake.
Obama’s 2 accomplishments … the explosion of sex trafficking with his “unaccompanied minor” promotion … and … turning wealthy RATS into millionaires and millionaire RATS into billionaires.
The % of millionaire/billionaires appears tilted in the RATS favor … I wonder why?
In early 1992 I briefed a team of Senior Polish officers on the US Combined Arms Training Strategy (CATS) in Grafenwoehr Germany. At the end of the brief, we asked if they had any questions. Only one: “How soon can Poland join NATO?” This ongoing premise that NATO forced itself on Eastern Europe is nonsense. The premise that Russia was “forced to attack” harkens to 1945 where Soviets had to be on the Elbe to ensure their security. NATO expansion is/was universally at the behest of those nations joining. Anybody believe NATO “forced” Finland and Sweden to request membership? Anybody served in NATO? They are not omnipotent by a long shot. No Action Talk Only describes most of their history. Agree completely with the energy confrontation analysis.
The Saudis – as is typical in the Middle East – will still want the U.S. to continue the status quo, i.e. approving trade and weapons deals, while it plays footsy with the Chinese and Russians.
An interesting Unholy Trinity, as all three countries are never to be trusted, treaties or no treaties.
They are all three criminal, family operations, not unlike Mafia families, whose deal-making is always on a tightrope quivering with distrust and daggers waiting to stab the others in the back.
This reality refuses to be understood by Western/American diplomats again and again, who project their own cultures onto these nations. These nations have no trouble signing treaties which, at the same time, they have no intention of honoring!
They will expect the suckers in D.C. or London or Paris to honor the treaty and be at a disadvantage!
Of course, now we have our own crime families, The Bidens, The Clintons, et alii , who are all upstarts in the neighborhood and think they deserve a place at the table in the back of Vlad’s Restaurant, or a pillow in Ibn-Saud’s tent, or a seat at Xi’s temple.
They are punks who need to be taught a lesson!
And one piece of proof is simply this: Where are the banks collapsing?
Sure, the Saudis wanted a stake in the Credit Suisse bank, but look who must bail the bank out now!
NOT the Saudis ! 🙂
History has shown that no country is to be trusted, because they are run by people. And treaties are frequentlysigned right before the event they are supposed to prevent happens. Almost like a treaty is an opposite indicator of what is going to happen.
Your posts are always enlightening.
I am not so sure about calling them suckers though.
IMO they are simply being bribed.
The wealth in Saudi Arabia is unreported. Few have any idea at the staggering wealth of the nation.
As little of it is reported.
Our dad captained oil tankers in the sixties and seventies.
The ships sailed to the Middle East with all kinds of goodies in the holds.
There was invariably several Roll’s in the hold for Saudi Royalty.
The Saudi sovereign wealth fund is something else.
Norways too.
Many here in North America have little idea as to how incredibly weak our economic policies have rendered us.
Cheers!
Thak you for the nice comment!
“IMO they are simply being bribed.”
True, that is also a possibility: in earlier days, especially during the days of the Soviet Union, I believe the Left’s astonishment that, e.g. the Soviet Union was cheating on some new Nuclear-Weapon Control, was real.
They just could not and would not believe their fellow Socialists would stab them in the back!
As The Godfather would say: “Ya gotta understan’: things’ve changed!” 🙂
“Our dad captained oil tankers in the sixties and seventies.
The ships sailed to the Middle East with all kinds of goodies in the holds.
There was invariably several Roll’s in the hold for Saudi Royalty.
“…Many here in North America have little idea as to how incredibly weak our economic policies have rendered us.”
Yes, “Oil Sheikhs” have been around for many decades, and they have wagged us because of the FedGov’s economic policies: President Trump’s policies were all about reversing that weakness…
…and The Manchurian Marionette’s policies are about restoring that incredible weakness!!!
Bribery is definitely part of the problem, especially today:
For the ones who would destroy America because of their hatred for their own country, getting paid is extra icing on the cake!
Countries are not people. Countries do not have friends. Countries form alliances to achieve specific purposes and change them as needed for whatever reasons they may have.
“Build Back Dumber and Weaker”
Our “elites” are only elite at idiocy.
Are California state employees and teachers’ pension funds safe with the bailout? Some are saying no….
Pension funds lose millions in SVB fiasco – media — RT Business News
Think this Goldfix article also speaks to what Sundance is saying. Article titled “TD on Gold: How the Dollar Dies” and speaks of the Brics+ countries increasing their gold holdings vs the western nations focusing on stabilizing the western currencies. Part of the Goldfix author’s running theory is that those BRICS+ nations will soon put their currencies onto a gold standard.
https://vblgoldfix.substack.com/p/special-comment-this-is-global-economic
and this Mining.com article charts the past 30 years of central bank gold purchases of many of the BRICS+ nations, including potential member Mexico’s bullion purchases:
https://www.mining.com/web/charted-30-years-of-central-bank-gold-demand/
this is a link to the 71 minute podcast that was linked within the Goldfix substack article where that article’s author, Vince Lanci, has a discussion with the podcaster of Gold, Goats & Guns.
very informative inside look at the moves being made, but also – language alert, the podcast host must have been a sailor at one time.
Hugely informative; and surprisingly, after listening to it all my doom and gloom energies actually disappeared into a nothingness.. So thought to share here at the Treehouse.
https://www.spreaker.com/user/tomluongo/episode-135-vince-lanci-and-how-we-retur
Alexandra Bruce has a article at Lew Rockwell which talks about the connection of SVB problems to the Mexican cartel money problem in Arizona to the government and bank corruption in New Hampshire.
Is Donald Trump a real life Raymond Reddington, hmmm?
Silicon Valley Bank – Trump & The Cartel Drug Money Bank
By Alexandra Bruce
Forbidden Knowledge TV
March 16, 2023
Is Credit Suisse about to collapse? Bank admits “material weakness” as shares plunge and investors panic – NaturalNews.com
Yes.
Increase oil and natural gas production while approving pipelines and INFLATION goes down. It’s really just that easy so why can’t the smartest people in the United States (Powell and Yellen) figure that out? LOL
They intend to destroy the country ostensibly so BBB can take place. But, I am suspicious that the build will not be better and if it is 15 minutes cities, it will be a control grid.
I think the last sentence of the article may be generous. I do not think the BBB is about hurting gray as much as it is about bringing the citizenry of team yellow to heel. Crush their economies, implement their authoritarian dreams, and let the socialism begin.
The Osama’s aren’t thieves? They do want to steal everything anyone else has. Also, I think that all of the higher level ones (our elected and non elected officials) are more accurately described as satanists.
Synagogue of Satan, practicing Luciferians, Fabian Socialists – while it’s Satanic in nature, the church of Satan practices are usually not attended by elites.
Its why the CIA unleashed COVID in China. They thought it would destroy the Chinese economy, reduce our dependency on none “green” goods, and reduce the fuel used in shipping. Not to mention gaining control via vax etc
Anyone who believes China would destroy its own economy, is nuts!
The Saudis remembered the blocking of Russia’s assets.
Kim Iverson on CDBCs : around the 45minute mark of the video :
https://rumble.com/v2dekcq-here-we-go-trump-for-world-peace-092-stay-free-with-russell-brand.html
Build Back Bankrupt.
Bank failures in the US every week now, and all the crooks care about is sending more billions to Ukraine.
Those kickbacks to the big guy have to be in the billions by now.
Zelenski is probably one of the richest dictators in history.
Dear Sundance … how does BlackRock figure into this banking mess ?
You left out the banksters like Jamie Dimon, he likes money too.
BRICS Surpasses G7 in PPP-Adjusted Global GDP
By Scott Ritter, 3/22/2023
https://consortiumnews.com/2023/03/22/scott-ritter-g7-vs-brics-off-to-the-races/