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.
Is this the kind of thing that will end, like in 2008-9? If not, what does one do with their cash? Retirement? Jewels? Etc….
This is a good place to start:
http://fofoa.blogspot.com/
I second the motion, FOFOA (Friend of the Friend of Another) he gives a great perspective on the concept of ‘money’.
‘All’ his articles are amazing, but the one below is must read if you have limited time.
https://fofoa.blogspot.com/2011/03/reference-point-revolution.html
Keep your jewels. Gold and silver. Promised no more Bitcoin talk but I’m starting to think it might just be the best option.
Keep everything to barter with.
Bartering is reported on taxes. https://money.howstuffworks.com/bartering4.htm
You say.
There is always one in a group…..anyone who would report “bartering” on their taxes doesn’t have the mental bandwidth to have this conversation.
Not much….
Says who? And does “Who” have the authority? And will Who go about determining when one is “bartering”? What is bartering anyways? Maybe Karen is not good to barter with.
Disagree, if things come to barter it’s best just to stay home and guard what you have. Purchase what you would ‘barter’ for ‘now’. If you are not able to produce it, then the only safe/realistic choice after that is to live without it.
More than 98% of the population can’t go more than one week without a trip to the store. The other 1.9999% only have enough for themselves.
Who is going to be at this barter fair? Besides suckers and criminals that is.
All roads to the fair will be mined with old-time highway robbers. Work with your neighbors–all that counts, in such a new world.
If you choose to “barter,” Luke, there is nothing illegitimate about that. But, “do it the old-fashioned way.” It has already been made very clear that the “bit(coin)” game is rigged – and, “it is not ‘coin.'” Deal only with, either, “uncomplicated barter,” or “legal tender.” So-called “crypto” is obviously a thing that “is too good to be true,” because there are still “unscrupulous, thieving humans(!)” involved. You’re not a sheep, so “don’t get fleeced.”
Mike you are not wrong but the manipulation comes from derivatives (ETFs) same as those for Gold and Silver. Bitcoin is the least malleable of all I think. Supply of metals can be messed with by governments around the globe. They cannot do that with BTC. It’s truly a finite supply. Look I have heard it may have been started by CIA even. There’s some great points to back it up. HOWEVER it doesn’t matter now any more. It has real value to people and it works.
Like I said I was like Blah blah blah aside from the part where I screwed up not getting it on 2013. I almost did and that smarts. I already know if I buy it it’s going to go to shit. Apologies in advance to those who hold it. Lol that’s my luck. But I am not getting it for market increase. I’m getting it because the dollar is most likely going to take a spill and probably very soon.
It’s a good place to be if it does. I look at it like this: I’m going to lose it all anyway best to have things outside the system. I would not put in more than 5 or 10 percent.
Don’t forget, the government is actively trying to crush crypto. They can’t have a competitor to their CBDC. Notice they didn’t bailout FTX or Silvergate? They are happy to suck in more money into Bitcoin during this crisis just to steal it later.
The primary role of public ledger cryptocurrency is to enable the exchange of values between sovereign nations ‘without’ a reserve currency.
This is why they are being attacked because they compete for the ‘rapid’ ‘electronic’ exchange of value function of the US dollar ‘globally’.
Any trade imbalances are resolved via the floating price in your national currency’s price of gold. Periodically physical gold will flow from a net deficit nation to a net exporting nation. This makes the price of real things in both nations rebalance in gold price terms eventually reversing trade flows.
In short no need for the Eurodollar system as either a real-time electronic medium of exchange (public ledger crypto) or a store of value (physical gold).
BTW the cryptocurrency best able to meet the transactional demands of this next ‘neutral’ global currency system, that is forming now, is not Bitcoin, its XRP. Which is why our corrupt government focused all legal action on it.
Making XRP ‘illegal’ in the US won’t matter as it will just move offshore of the currently Malthusian cult-controlled nations.
Apparently, you can’t rule the world if you are impoverished, which is just where they are heading the western/modern world.
You explain it so well sir.
Yep and the media has nothing nice to say about BTC. It’s not green yada yada. It scares them because they can’t control it.
One thing about crypto or electronic currency, is inflation to infinity does not require actual physical currency. A million dollar loaf of bread is just numbers.
Well 3 eggs cost 100 billion dollars in some countries.
I could pay off the entire US debt with just ten egg-laying hens in just a good spring-to-fall season.
But then that is the point, is it not? It’s not the numbers on the paper but what they can purchase in real terms.
buy gold & silver
Screw that, respectfully.
IF you have some wealth, that you want to carry with you, THROUGH the “hard times”, so that you will have that wealth (for you and your progeny) AFTER the bad times are over,…
Sure, put some in prescious metals, jewels,..
But understand that will be of NO use to you, in getting THRU the hard times, that is SURVIVING the hard times, for you and yours.
Look for diversified investments in tangible items with INTRINSIC value; not a value which depends on a piece of paper.
So, instead of real estate, power and hand tools.
One in “Bad times” may well only be yours, if you can keep it, with the mortgage a meaningless piece of paper.
But a hammer can ALWAYS drive a nail, and ba used to build a house.
And of coarse, as an alternative currency, TO GET YOU THROUGH HARD TIMES, ammunition.
Your not going to want to buy a can of beans, when your starving, with a Krugerrand.
But, a couple of shotgun shells,…?
It comes in various denominations, and is easily divisible as well.
Relatively portable.
Impractical to counterfeit.
Has intrinsic value.
And, there is enough available that it COULD function, as an “alternative currency” ,..
300 million guns in the U.S., and a safe bet the vast majority of those gun owners have ammunition.
That’s a lot of pieces of currency,, which is what you need when one she’ll may change hands 100’s of times, as it’s traded for products and services in liue of cash.
TANGIBLE things, that people always need.
And perhaps some small “luxeries”, think the one about soldiers carrying “chocolates and nylons”.
Tobacco, in sealed cans or bags, as it’s not easy to grow your own, and there are many addicted.
Chocolate, properly stored.
Maybe SOME whiskey, because although it’s relatively easy to make “moonshine” ,…
Like the chocolate, in hard times people really enjoy a “little taste” of what it was like, in the good times.
So, half pints of Jim Beam, hearshey chocolate bars, bags/cans of tobacco, TOOLS, ammunition and guns, and self-sufficiency related materials.
Think of the story about Wiemar, Germany.
They dumped the worthless paper, and stole the WHEELBARROW, cause it had intrinsic worth.
Dutchman,
I once worked with a lady who was a teenager during WWII in Germany.
I once asked her about her gold bangle bracelets. She had quite a collection.
She told me that she remembers going with her mother to get food. Her mother would barter with pieces of jewelry. People were starving.
She said she never forgot.
And not just her story…but I have read other accounts regarding bartering with jewelry.
Good advice. Dutchman has never experienced what he is discussing. Your Weimar story is what people were going through and did.
I knew a wealthy, older man in Hong Kong. He was 10 when Mao took over Shanghai in 1949.
He said in those days, no one would take paper money, but that silver coins of all denominations and nations were circulating freely for barter and trade.
Interesting.
When the Iranians fled after the revolution, the women carried the families wealth in gold jewelry under their modest dress. Indian brides get gold jewelry so they have their own money.
Do not underestimate the value of gold.
“Do not underestimate the value of gold.”
Provided there is a place one can escape to where gold is still valuable.
Vietnam, too. They had small thin pieces of gold called taels, and canvass jackets with pockets the smal of a tael sewn into the inner linings of the jackets. Many of them also fled Saigon with each family member having a jacket.
Similar in Iran. I helped evacuate both places.
The question may be what you don’t want vs what you want. You certainly don’t want DEBT in hard times. It took me most of my life but last year I became debt free.
Fixed interest debt and leverage is good in hyper-inflationary times. A German who had a 20,000 Mark mortgage in 1920 could have paid it of by late 1923 with less cash than the required postage to mail a letter accross town.
Those with assets like gold, silver, real estate , and stocks will be the winners, and those in cash and bonds will lose bigly.
If I see it start going in that direction I’m maxing out all my credit and buying all I can in tangible goods. I would feel satified to pay back my creditors by mailing them checks that are less than the postage on the envelope.
Anyone know how long you can drag out chapter 7 bankruptcy? Long enough for the inflation to cancel out the debt?
You are in for a rude awakening
I think not. I am well prepared.
But are you prepared to meet your creator? God the Father.
People are going to find out what living within your means , means. People are going to lose a lot of weight.
Exactly why I chose to eat freely in the last six months. I call it my pre-famine weight gain.
Ah yes, WW2 soldiers carrying chocolates and nylons. You explained the chocolate, now explain the nylons. lmao
Think “Long Johns”…
Many years ago I gave some money to a homeless woman, for which she was grateful. But, what she really needed was socks, lots of clean warm socks. I never forgot that. So now, I have collected a ton of socks for the coming cold when the heat gets shut off. Same for coats, sweaters, scarves, and gloves. Being cold is painful.
Think sexual favours.
Young men… to bribe the French and German ladies who hadn’t had a pr of nylons in years.
Such things were portable and useful for a soldier to have if he was separated from his unit and having to find food and a place to sleep for a few hours. The able-bodied men were gone to war. The women were the ones who could provide the lodging and safety. It worked better to carry something that would be of value to a woman to entice her to take the risk and to give up some food.
Dutch, what you describe is dead on. Barter system rules will be in place when cash becomes worthless. Gold and silver might work for dealing with “high rollers,” but your average person will be trading that pint of Jim Beam for 2 loaves of bread and 1/2 a jar of peanut butter. Think of toilet paper or baby formula within the past couple of years.
A friend’s grandfather bought a small barrier island off the coast of South Carolina for a gold coin during the Depression in 1936. 55 years later his son sold it for $8 million.
In a depression or other financial meltdown, cash however it’s defined is king.
you wont have any food to trade
Pre-1964 US coins will do nicely, for those who understand why the date matters.
I think having some physical gold to retain generational financial value is important, but short of buying a car, a Krugerand will not be useful for buying groceries.
Silver-containing quarters, dimes, dollars, and half-dollars will serve as an easily divisible medium of exchange.
In my city, the local pregnancy help center has been giving away disposable diapers. These are not covered by CHIP and not all ppl who need them have babies to care for. One person has a son who is disabled and was very grateful for the giveaway. The other commodity that would be fairly easy to stock is any female sanitary product.
Yes, they can be used as bandages when injured by bullets and bombs.
300 million guns is a very conservative estimate.
Lead is the new gold.
All good; but forget the Hershey bars, they went woke, buy something else…
Agree. Hershey is a nasty company now.
The problem is I can’t off the top of my head think of any major chocolate manufacturer who isn’t as bad…
Hilarious but perfect
In Moscow in 1992, desperate people stood along the sidewalks in certain areas offering anything they had for sale, presumably to buy food. They were offering things like a pair of shoes, ordinary silverware, pots and pans, used clothing. Completely impromptu and unorganized. Of course this was before social media.
TY Dutchman. What if you own the RE outright w no Mortgage. One holds the deed? Are you saying that piece of value (paper) is worthless?
Thoughts?
I own my house outright but the town keeps raising taxes – at some point they will become impossible to pay. Not sure that’s what Dutchman is saying, but it’s definitely something I keep in mind at all times.
Disagree, the whole concept of barter in hard times, let alone mad max times, is that each party in the exchange has a surplus ‘and’ deficit driving the exchange. Thus making the exchange voluntary and mutually beneficial. The exchange of value you describe is also minor when compared to the +1000 calories/day everyone needs to just starve slowly.
With over 98% of the US population not able to go a week without a trip to the store and the other 1.999% only self-sufficient, at best, for their ‘own’ needs, where is the ‘surplus’ going to come from? Namely, what do you need that they can provide in barter town? Further, if it’s so valuable/important to you, why don’t you buy it now?
Sorry, your whiskey and chocolate, barter town types are extremely naive, right up there with I’ll just hunt to get food so I don’t need to buy a cheap bag of rice today types.
Moving beyond barter town, hunting is hard, second, it’s already ‘very’ limited because the good hunters are already on top of the issue year after year and will get what is left absent regulations in short order. Buying a bag of rice at a restaurant store is much easier. I’ve done both, trust me the cheap rice is way way easier.
…..and yet, and yet, you could legally pay off debt and own valuable capital for pennies on the dollar, with gold and silver coins. But this will only payoff on the ‘other’ side of the reset.
Way more valuable in the long term than your bullets for chocolate bars strategy could ever hope to produce, should you survive this one transaction, let alone many needed to equal the above. Yet surviving is the issue in both scenarios, is it not? Thus a bag of rice in a bucket and 20oz of gold has value well beyond its dollar value today. If for no other reason than to avoid the barter town ‘dynamic’ of what you posted.
It’s better to be a dog in the corner with a full stomach than to be fighting among those that don’t.
Great points Dutch. I don’t argue with any of it and unfortunately this scenario you paint is all too possible. Nothing will be of any use aside from real world items like guns and tools, etc. But is doesn’t completely fall to hell it’s good to have things outside the realm of direct. government control.
To be honest my friend I feel it but I’m obviously not there yet. This is why I am going with BTC as opposed to Night Vision. I’m still scared to let go completely and $4k for a good NV setup is hard to come by. I could but it is unnerving.
What about copper? I know it is only about .25 cents per ounce but could that be come worth something?
Copper is over a dollar an ounce, depending on what form you buy it in.
https://www.jmbullion.com/copper/copper-bars/
All things that are the physical representations of capital, labor and energy have long-term value. Because to replace them takes the same at all points in time of human history.
It was found that an oz of silver ‘today’ will purchase the same amount of wheat it does ‘today’ as it did 5,000 years ago. Think of how much has changed in human capabilities in 5,000 years, still this ratio of value for value is the same.
The automation and utilization of energy to produce ‘both’ have apparently kept a close association for over 5,000 years.
As a saver that is what you are looking for. Not to gamble and get rich quickly but to preserve your net production today for your future needs tomorrow. That is the difference between currency and money.
Ten years ago AG was $30+. After 10 years of inflation AG barely clears $20. Be interested in how you believe it will overcome the current price manipulation.
The adjustment in relative values happens only after decades of manipulation and then suddenly, but it will happen, rest assured.
As always the question of when to cash out and get out of a crooked casino ‘is’ the question.
Agreed but try and have a little BTC too. Do not concern with anything else in the crypto realm.
Work towards stocking up a years worth of food, cash and precious metals 1 oz. rounds. Have the guns to protect them. Barter goods as well. We also stock up on pet food, soaps and all other consumables. Cans of gas, bottles of propane, candles, blankets and anything else you think you could possibly need if we had no power. I do not have iodine pills for nuke poisoning, but I should get some. With the best of planning, shit will still happen.
A year’s worth of supplies would only buy some time. Ultimately one runs out of stored supplies and items to barter. What is a long-term survival model?
Building an underground, parallel economy will likely organically happen on its own in a crumbling economy, altho it would devolve into a cat and mouse game as the powers that be begin to issue dictates to outlaw economic activity that is not funneled thru the gov’t.
Isolation/Communication —
We need to work on building private, offline means of communication for when free speech becomes impossible thru online channels. T-Mobile got caught censoring text messages and admitted to the Missouri AG that they were monitoring text messages in real time. What is the alternative? Even snail mail is scanned and recorded by the Post Office. I’m stumped. Pony Express?/s
Survellance via our Tech/Smart world
Should we transition to full Ludite? —replace our smart appliances, smart meters, smart phones with old dumb appliances and phones? Practically, and sadly I expect many (most?) people will not be willing to end the convience of modern life and will instead choose to self-censor and bend the knee to correct approved thinking should totalitarian control worsen.
Those that value personal freedom enough to live a harsher life need to consider how to communicate without internet/phone and how to live without smart devices, appliances, smart cars and homes. Perhaps there are tech solutions, but right now AI/tech/digital is a tool for totalitarian suppression and control.
I would be very happy without all these so-called smart devices. They have been the ruin of civilization. But I have to admit being able to connect with people by email has been very convenient. What about the people with a landline phone – the bad guys probably do not even mess with those since they must be few and far betweeen. I think I may be the only one in my circle of family and friends with a landline phone.
Yes, but the goal is not to out run the bear but everyone else.
They are worthless. Buy firearms,ammunition, medical supplies and chemical gear. The U.S. will be attacked by the rest of the world for being too dangerous to be allowed to exist.
The US (we the people) is far to dangerous to attack directly.
It’s much easier to corrupt our voting systems and thus our illegitimate leaders, don’t you think?
For example installing an illegitimate stooge as President.
Tiff, buy cigarettes and booze.
Unfortunately it’s a great investment in depressions.
And candy, too. A completely inelastic demand curve, in good times and bad.
But as I increasingly tell people, in catastrophic times, do not invest in gold and other useless commodities.
Invest in lead. It allows you to protect all the others.
Unkike SVB, Credit Suisse is 2008 again. This bank issue is constricting the repo market and driving rates up. That liquidity tightness is what triggered the failure of Lehman with their garbage subprime mortgage portfolio which used as collateral with their repo transactions each day.
The United States Overnight Repo Rate was at 4.70 on Wednesday March 15, 2023. Repo Rate in the United States averaged 2.22 from 1995 until 2023, reaching an all time high of 6.94 in September of 2019 and a record low of -0.01 in December of 2009 and is used by monetary authorities to control inflation as it acts as a disincentive for banks to borrow from the central bank.
Stand by for failures and massive government intervention. Driving inflation higher before a full pricking of the balloon.
Credit Suisse is not like 2008. Swiss National Bank is backing them. 2008 was created by the Government forcing banks to loan money to people to buy houses with 0 down and poor credit ratings. Those Mortgage Backed Securities become worthless as SubPrime borrowers stopped paying their mortgages. All the Government Bonds today that are losses will not be losses if held to maturity. Today is a timing issue. It is easily fixed.
It will not end like 2008. The takeaway should be banks fail all the time. Depositors need to be protected. All the depositors under 250k were protected. SVB had 90+% of deposits over 250k. That is the immediate issue. 42 billion in deposits moved out in a day or so. Government made sure everyone is whole. Crisis over. All the rest is noise.
If it was so easy to control why did it ever get out-of-control? If they miscalculated in the case of SVB, how does anyone believe anything else they say is good, except as a psyop to prevent further runs? The question is not whether a bank is failing but how many are failing all at once. The system is leveraged to the top with much corruption in it and very bad investment decisions by the woke bank upper management. There is no solution to woke stupidity but collapse.
Yes, but the cost of protection is inflation.
Thus they protected the depositors by reducing the purchasing power of ‘all’ dollars and debt.
Something you can absolutely count on them to do even if it takes 100 billion dollars to buy three eggs after they ‘bail’ everyone out. Seriously don’t you see where this goes?
First, sit down in a wooden chair
Next, bend over and place your head firmly between your thighs.
Next, kiss your ass goodbye
Hey if I have to do that, it’s gonna be in a Comfy Chair. With a Soft Pillow.
(Probably a My Pillow ’cause those are all the ones I have now.)
Ah, the Comfy Chair, a la Monty Python. Nice to remember good skits from long ago.
First thing is to become more self-sufficient in food, energy and security, plus get out any variable interest rate debt especially.
Learning useful skills, like baking your own bread, or setting up preserves, a freezer to store 50% off meat, plus all the equipment need to go with that is ‘also’ wealth.
Also don’t plan to barter for stuff you can easily purchase and store today with gold and silver in a collapse. Their primary role is to transfer your wealth into the system that replaces this one. Besides, in a collapse, there isn’t a lot to go around for anyone. Being at ‘batter’ town with a lot of gold and silver is very dangerous. Best to stay at home and tend your garden while being fully armed.
But if it is similar to 2008, which I hope it is vs the true reset above, it was best to be in a money market fund (t-bills and the like) and then purchase stocks at the bottom of the collapse which was about six months after the oSh moment. Also if you can, move your tax-deferred wealth to a self-directed IRA. This gives you full legal title to any and all assets, stocks, bonds, real estate, even physical gold, and silver but it’s still tax-deferred. You eliminate all the counterparties that can go bust and leave you holding the bag should the magic money machine not come to the rescue, or come to the rescue ‘after’ 90% of your wealth’s purchasing power is gone.
Still, you should always have at least 10% of your wealth in physical gold and silver at all times, good or bad. More is prudent if you know it’s going to be bad beyond a shadow of a doubt. In the not to distance past, going back thousands of years, that, and having a year’s worth of food were considered ‘common’ sense. Now, not so much.
Think about it, a year’s worth of ‘simple’ very storable food is less than 2K per person, and having 10% in physical G&S still allows for 90% to be in the casino, per your financial advisor’s direction. Plus many people have backyards that just grow grass and weeds.
Gee, Tiffthis, you hit a TCTH nerve with a very simple question.
The way FJB is animating the marionettes for us is amazing. Yes, I can see them(the strings), and even more important, I can speak freely to this in almost realtime due to reading here since the early, SundanceCracker days 😉
Thank you for all your sunlight, SD and team.
Caught Red Dawn this past weekend and was rolling….
#Wolverines!
Interesting that the original “Red Dawn” (1984, with Patrick Swayze) was about the Soviet Union invading, with the help of Cuban military – the remake had North Korea doing the invading (the studio didn’t want to make China mad)
Anyone else recall the original Star Trek TV episode, where Kirk is stuck on a planet, with two warring factions?
He finally realises the side he is with the “patrits” that are fighting the “chicms” are “Patriots” fighting “Chicoms” as he corrects their reciting of the Constitution?
Yeah, wouldn’t be made, today either.
“Yangs” and “Comms” (not sure how the latter was spelled in the script)
/65 y.o. Star Trek nerd
It’s nice to think that somewhere out in there in the vast universe of space there is a planet where the Constitution of the United States is still revered.
I know, it’s science fiction.
So the Declaration of Independence referenced natural law and thus by definition the law of the Cosmos which God created.
So yes we can assume with absolute knowledge, that should intelligent life exist beyond the Earth, in the vast universe of both space and time, that, they are, were, or will also be engaged in freewill struggle between the saved (God loving) and dammed (satan loving).
Better known in present times upon this Earth as MEGA vs the satanic Malthusian cult.
E as in everyone as a victory for MAGA is a victory for mankind.
The original Star Trek series started in rerun on a local TV
Talk about somethin taking you back!
We bought a copy of the episode, The Day of the Dove, where the Klingons are threatening (yet again), but Kirk & Co. realize they are being manipulated by an entity that is antagonizing the situation and feeding off the hatred of the conflict generated between the Klingons and Federation. Once they convince the Klingon leader’s wife of this and they instead turn to making a truce and laughing, the entity loses power and exits. It’s a good metaphor for our times. We need to band together, support those in need and rejoice in whatever we can. Of course, our hope is in the Lord! Here’s a clip:
Good memories!
Yes, Satan is defined in a simple Star Trek episode, praise be when real Christians and Jews were still in control of movie production. Now we must contend with what is primarily the drivel and evil of Satan.
Strings connect Joe Biden to his masters, not his puppets.
Going to be lots of us peasants financially slaughtered before this game ends.
MANCHURIAN PRESIDENT
From the very beginning, Biden’s Leftist Democrat administration has been disguising treasonous derelictions of duty as “innocent mistakes” in furtherance of undermining the United States to “build back better” as a technocratic totalitarian satellite of Communist China. Thus, nearly every one of the Biden administration’s “mistakes” has systematically undermined the United States while invariably benefiting China and the globalists.
To wit:
DIVIDING this nation by declaring a “pandemic of the unvaccinated;”
• Opening the borders to dilute the population of American Citizens with non-assimilating illegal immigrants and leaving the door open for China and virtually all of this nation’s enemies to waltz in undetected.
• Allowing China and the Mexican drug cartels to flood the United States with pure fentanyl masquerading as Xanax, Oxy, and Percocet—killing unsuspecting casual drug users to the tune of 175 per day and making it the leading cause of death for 18 to 45-year-olds.
• Promulgating oppressive regulations designed to generate shortages in food, housing, energy, and supply chains generally.
• Depleting our strategic petroleum reserve by selling it to our military rivals—e.g., Communist China—while shutting down oil and gas production despite rising energy prices and thereby imperiling this nation’s security.
• Creating inflation and bankrupting the nation by printing and spending trillions of dollars we don’t have on things we don’t need.
However, nowhere are Biden’s systemic (read: intentional) breaches of fiduciary duties of loyalty, good faith, and prudence more clearly demonstrated than his withdrawal from Afghanistan.
To be sure, a reasonably prudent and loyal American president would never, EVER:
• Abandon Bagram Airfield two months before the pull-out date without informing the Afghans.
• Evacuate the military before evacuating all Americans and leaving them at the mercy of a vengeful enemy.
• Trust the Taliban with protecting Americans out of a simplistic notion of “shared interests;” any more than he’d trust Hitler’s SS with protecting Jews in Nazi Germany simply because “Schutzstaffel” means “protection squadron.”
• Provide the Taliban—an enemy terrorist group under the 9/11 AUMF—with a list of American citizens and allegiant non-citizens in Afghanistan; including their biometric data and the means of using it to track them down and kill them.
• Make the aforesaid savage clan of misogynistic, homicidal, child-raping traitors to Mahdi and Allah the 26th most powerful army in the world by handing over about 80 percent of all the military aid that we’ve ever given to Israel since its inception—i.e., between 70 and 90 billion dollars’ worth.Two words:
MANCHURIAN PRESIDENT
Well stated, sadly pages could be written of the damage done to this country & individuals by Mao Xiden and his Regime. All of which is being orcrestrated behind the curtain of EVIL by the Obozo/ SoreA*S Cabal.
Thanks.
Right now, I need to find a way to play this card as publicly as possible.
https://www.houseofstone76.com/post/the-parliamentarian-was-wrong
I just forwarded it to a small band of Breitbarts here in Minnesota, Bob
Thank you sir!
Zhou (joe) Xiden
Bob left out a couple of other disasters:
1) The US left behind 100’s of millions in cash and
2) The infrastructure (that we had already cut in) to mine one of the world’s largest caches of rare earth minerals that was turned over immediately to the Chinese, estimated to be north of $3 trillion, and coincidentally run by the Chinese company that Hunter was a paid consultant to.
“2) The infrastructure (that we had already cut in) to mine one of the world’s largest caches of rare earth minerals that was turned over immediately to the Chinese, estimated to be north of $3 trillion, and coincidentally run by the Chinese company that Hunter was a paid consultant to.”
WTF?? I’m apoplectic. Do you have a link?
Exactly!!
“Oh, what a tangled web we weave when first we practice to deceive”.
Go Woke, Go Broke.
It’s The Plan.
This will NOT go as planned by the WEF (or as some phrase the reality: ” The mother WEFfers”)
Beware the Ides of March.
I read a couple of interesting articles that had to do with this cleaving of the world economies.
Zimbabwean authorities have offered to pay for Russian oil in Zimbabwean dollars. “We now produce 35 tons (gold – ed.) per year, and we could produce all 50. So we could think about securing our trade in gold reserves.” They want to trade directly with Russia for fertilizer, tractors, and oil, instead of through 3rd parties.
In December, the two largest holders of Treasury bonds Japan and China both sold a bunch of US debt. Japan cut its holdings of US Treasury bonds by $6 billion, to $1.08 trillion. For China, holdings decreased by $3.1 billion to $867.1 billion.
A Chinese spokesman said that “China’s offloading is also rooted in the concerns that the US has in recent years markedly used the dollar, US financial systems and US-based public goods as weapons.” They note that the US has used its financial services as a weapon against Russia following the Russia-Ukraine conflict to a scale and depth unseen before. Taking a lesson, countries around the world have recognized the importance of diversifying their dollar-denominated assets.
https://www.globaltimes.cn/page/202302/1285581.shtml
Quaddafi was just “ahead of his time” and paid the ultimate price for it.
He horded a boatload of gold, in order to establish a gold backed currency, that would have challenged the $, first as an alternative to the petrodollar, and then as a reserve currency.
Gee, what happened to the 100’s of tons of gold he had stockpiled?
Cause we all KNOW what happened to him.
So gold backing isn’t necessary and that is not what got him in trouble. It was assessing the value of real things, such as oil, in real money, such as gold vs US dollars.
How the electronic ledger system keeps the score for the final settlement is just in the margins. Currency is great for day to day transacations even if its worthless for storing real value over the long term, like money.
BTW a public ledger cryptocurrency would work really well in this regard to bridge the wall gardens of various sovereign nations’ currency systems, not going away Klaus.
Something XRP was designed to do from the beginning and something the BIS (which moves physical gold globally) has endorsed.
Which is why, it alone, out 1,000 cyrptocurriences is being illegally attacked by the USG. In short its over the target.
Everyone knows the days of the ‘international’ US dollar are numbered, and yet no other nation can, should or wants to take its place.
Ironically the Knight Templer had an early form of cyrpto currency with an army to protect the physical gold flow to reconcile local regional accounts from time to time, IOUs vs Gold.
The physical gold is the same, only it travels on airplanes rather than armies while the IOUs flow thru fiber optic cables to a computer vs code words on paper.
This is why sanctions are not working. Russia can produce what other nations need. Those nations are ignoring the western brokers and gong directly to the source- lower prices, better agreements, and they avoid those pesty sanction fees.
I never understood why they didn’t do this until now. Other than the fact that they likely could not do it with US aid dollars, they do have minerals etc to sell
To shorten a very complex subject. The World Bank loaned these very poor countries money in dollars. The US would guarantee loans so that countries could develop resources, set up shipping companies, and establish everything including a government. However, that debt was in dollars and had to be paid with dollars that they either had to buy on the market or pay in resources. They didn’t have the money to buy dollars, so they paid debt in resources to US companies which bought the resources at a deep discount. Huge profits to multinational companies.
It is the multinational corporations and banks which don’t want African countries to be able to trade directly. They want the countries unstable economically, incapable of feeding their population, and in debt to the US. Those are great motivations to sell at deep discounts.
This is why China’s Belt and Road initiative is making friends around the world. It is a program of infrastructure investment, education, construction materials, railway and highway, automobile, real estate, power grid, and iron and steel, building up trade capability of the countries that sign up for it. It truly will increase world GDP, most markedly in those countries that have never had necessities to promote trade, but there are projects in Italy and other European countries.
China’s BRI doesn’t attempt to impose values on a country. The countries can trade on world markets, but they have debt to China that they can pay, not with their resources, but with the money from increased trade. China is investing billions in these projects that have the potential to raise the standard of living around the world.
The G7’s Build Back Better World is no real competition because of lack of funding for it and because it is based on the ideas of climate, health and health security, digital technology, and gender equity and equality. This kind of moral “do-gooder” mentality behind loans for infrastructure smacks of colonialism.
Yes, this will be the primary means of trade in the future. Nations will be allowed to run a trade deficit but you’ll need to settle your balance in real things, the most real of which is physical gold.
This is how ‘global’ trade was done for thousands of years before WWI.
Great stuff, Sundance. Thanks for delivering clarity.
Hoping that President Trump by his already campaigning, openly revealing his platform topics and readily doing his ask-me-anything’s – continues to throw the deep state off it’s timing such as what they’re doing now by rushing to collapse all currencies to justify the installation of their digital currency that they (the swamp) simply continue their over-reaching ways so it backfires.
Just as Obama once said about FJB, never underestimate his (FJB’s) ability to f things up. May their rush be in that same league, bigly, with the Trump curse thrown in for good measure!
the big rush is precisely because they have to do it NOW, before the election, before Trump might win (which I hope for but doubt; the cheating will be too overwhelming and the judiciary has shown no interest in Justice).
The haste can be seen in the fact that the man made climate hoax was allowed to unfold over a 30 year period starting with the Rio Conference in 1992. Far off predictions were made in order to gently boil the frog and they were able to get away with it because no one could prove them wrong about what was going to happen in ten years.
However, of course, the climate hoax started unravelling at the Copenhagen Conference, which could point to the Climate Gate emails as evidence of the hoax. By 2015, the jig was totally up, as Algore’s most dramatic predictions — no arctic ice in 2013, fish in Miami streets, Kilimanjaro devoid of snow by 2035 — either hadn’t come true or were laughed at.
Then Trump gets in a blows it totally apart, making the US a net exporter of energy; it becomes IMPERATIVE that he not win again.
Covid did what climate change was supposed to do, lockdowns, restrictions on liberty and movement, energy consumption; a vast centralization of everything. What was supposed to happen over 30 years happened in 30 days, and what they haven’t done so far they will do before the election.
The West is f***ed.
Great whole picture article SD!
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.
——–
Of course, those “yellow nations” comprise what used to be called Western Civilization — including the English-speaking countries — which are intentionally committing suicide per their new nihilistic Marxist death cult God, having forsaken Judeo-Christian values.
The future will belong to the Islamists and/or the ChiComm Maoists. Individual Liberty had a good run of about 250 years — R.I.P. U.S.A. — and will likely never return.
The Yellow Nations are countries where a Drs Rx is required for medications, the gray Nations are where no such requirement exists.
There are no coincidences.
This requirement is how the government coopts the Drs. into being drug company salesmen.
In the Yellow countries, the price for these “Rx only” meds is on average 10 times the cost, for the same meds in the gray countries.
Remember when PDJT set it up so Americans would pay the same price, as the lowest price paid in the world?
And they told him they had to postpone implementing it ,…it would have killed the profits from the big pharma most lucrative market, and so was never going to happen.
Does WEF control big Pharma,, or does Big Pharm control WEF,..with such an exact match for the WEF vs BRICS+ map, with a map showing countries ‘owned’ by Big Pharma, it has to be one or the other.
“…his kind must never rise again…”
My, aren’t they in for a rude awakening?!
The fact of the matter is that the US has footed the bill for most drug R&D by Pharma, mainly by paying for all development of drugs through 3rd party payers and the government and to a lesser extent by funding NIH that does basic science research used by Pharma to make better bets on what to make and how to make it.
We (the US) pay for that in a system that bans re-importation of prescription drugs. This allows Pharma to have a captive market in the US, while other countries negotiate lower drug prices on the marginal cost of production plus a modest profit.
If we allowed re-importation of prescription drugs it would collapse the gradient between drug prices in the US and Canada, which is only allowed by the arbitrary practices on two sides of an arbitrary border.
Before you say there would be no development of drugs if we didn’t maintain the current system, I will argue that Pharma would no longer agree to produce and sell their products in Canada for the marginal cost of production; the new price (which would be uniform between countries) would be somewhere between the US and Canadian price, probably closer to the US price than the Canadian price, because there is no free lunch (drugs DO cost money to develop and manufacture). But our prices would go down.
Amen
The Godhead.
MacGregor is a prime point of view for Ukraine, not quite so much for CCP.
We have various conflict threads of interest in our DS government. The Military Industrial Complex may want war for the huge theft of the economy and powers. The CCP infiltrated part might want war ca 2024 so Xiden and Milley can “fight” and lose.
If you don’t think that corporations and Washington DC sold out America to the CCP to line their own pockets, then you’re extremely naive. Not only that the MIC has always invented a bogeyman to justify the massive defense budget. In reality the MIC is one big corporate welfare program which is used to protect overseas corporate interests.
End result is the same. I’m with MacGreggor.
Part Two: Transcribed from 2:03:06 minutes:
Macgregor: “Yes.”
Vlahos: “They form the majority of Americans and there is no pathway for the voice of this majority to be heard in America today.”
Macgregor: “Unless the current elites are replaced by a different elite.”
Vlahos: “Right, and that’s . . . ”
Macgregor: “And emerges from a different milieu (Rev.17.16), and that’s all tied up with what happens next.”
[“The Beast and the Ten Horns you saw will hate the Harlot. They will make her desolate and stripped bare; consume her flesh and burn her with fire.” ~ APOKALYPSIS 17.16]
Vlahos: “That’s the revolution.”
Macgregor: “Yeah, and well that’s also what happens when this narrative for Ukraine collapses. That’s part of it.”
Vlahos: “This is a great, sort of, final point for us to make and you’ve raised that rather nicely that the connection between the domestic conflict and the foreign conflict is insoluble. And just as has happened so many times the foreign conflict can, pry’s open, turn over the barrel and let it all spill out.
Macgregor: “Yeah, I think that’s where we’re headed.” – end of video.
“Odessa falls and Ukraine becomes a landlocked country Posted By tailgunnerjim – Dec 12, 2022 – Interview with Dr. Michael Vlahos. Recorded December 8th.” – 2 hour, 03 minute, 57 second video clip here: https://rumble.com/v20jq96-odessa-falls-and-ukraine-becomes-a-landlocked-country.html
PDJT… in the e-mail asked me who should I choose for my VP… I wrote Col. DOUGLAS MACGREGOR…..is he PDJT ready for this type pf ppl ???????
Hey, look at that. Major banks are failing just like they did about a century ago. Only this time, the banks are being propped-up by their host governments. I can’t say I’ve ever seen a host pick up a dying parasite and try to stick it back to the host’s body.
You may have that relationship backwards. I’m pretty sure these days that the parasites are in DC and the hosts are the multinationals
It feels like they are running another scenario. Why does the US Congress tolerate open fascism in multiple recent expressions?
Why do they tolerate George Soros?
Why do they tolerate the CIA, and the State Department, and the pro-war madness and the funding of crazy groups to overthrow disagreeable regimes?
Fascism, as seen in World economic forum’s Great Reset, Ukraine, speech censorship, force vaccine mandates, etc.
Must be one hell of an enforcement mechanism.
I suspect the World War II generation would’ve already declared war on most of the above.
The WW 2 generation are the ones who are most propagandized by the Faux News and the Commie News Network.
So you think this is sustainable insanity? It isn’t.
There is blessed hope in Jesus removing saints before the antichrist and the tribulation get here. And they will.
Next up, I pray – the Swiss Central Bank takes a hard look at the fundamental erosion of banking and corporate wealth and sovereign wealth and where “stakeholder capitalism” is the common denominator.
A hard look at YOU, Klaus Schwab and your “hothouse acolytes” (I call them) who have gone forth to remake the banking industry and corporate wealth into this vision of “stakeholder capitalism” – which includes the absurd ESG – and the same brainiacs that are attacking farmers regarding CO2 levels – all of that is destroying economies, bankrupting not only the companies but trust in the system.
I hope that at least in Switzerland they will take the lead and say no more of this “stakeholder capitalism” – that will now be known as the enemy of the “market capitalism” which is the wealth of nations, the true wealth.
I always thought that the Swiss banker was like your priest, doctor or attorney – the greatest confidence and trust – how can Switzerland countenance a trend where citizens and clients cannot trust a Swiss bank to run a tight ship?
I hope that the good people of Switzerland will pack up Klaus Schwab and drive him to the Zurich airport for a one-way trip to Beijing.
Auf Wiedersehen!
KS to Moscow would better for the world.
Hate to break it to you, but your view of Swiss Bankers is ,…at considerable variance with reality,..a fantasy, like believing in Unicorns.
Surely you have detected there is some earthly entity BEHIND $chwab, that he is just a “front man”?
Either the entity behind the curtain is the CCP, or it is Swiss Bankers, that’s pretty much your choice.
And, my $ is on the Bankers.
Watch a DVD version of the movie “The International” and THEN be sure to watch the “special features”.
You will NEVER view “Swiss Bankers” the same, again.
My personal thought has been that Klaus Schwab is basically a bag man for the CCP and I think George Soros is also a bag man for the CCP – they have both ben out there softening the ground in all that they do.
They are capos of the Khazarian mafia. But that as some might say is “a coincidence”.
I can skip the movie because you’re right. Swiss bankers have been on their knees in front of the CCP moneymen whoring for money. Just like they’ve done for Russian oligarchs more recently, and Nazi Germany 80 years ago. The Swiss just aren’t that cool, much as they pretend to be.
I keep cash at home and try to pay all I can cash.
If Fidelity goes bankrupt I will become a pauper and end up in ObamaCare.
Do you mean Fidelity Investments or Fidelity Bank? Fidelity Investments is not a bank. With Fidelity investments you get to choose what your money is invested in, so…choose wisely. If things go south you’ll probably go bankrupt before Fidelity Investments does.
global warming, like wuhuflu, J6, inflation, guns and ukraine has always been a manufactured crisis…why Trump got us out of the Paris Accord. The insanity of build back broke is left to suffering fools. The fed never bails out a failing company, it must leave banks to fail using the same model. And I read that svb was under investigation…. nothing like bailing out your chicom bedmates to close an investigation. Vile, evil all…
I welcome and will endure team yellow’s pain if it topples the wef and the us administrative/security state.
Ronald Reagan focused on financially combatting the USSR, and the World took note.
Wars have ALWAYS been about economics, from “to the Victor go the spoils” of the Roman empire, on.
But, to ‘fight’ a war, and connquer an enemy “without firing a shot” by challenging them, head to head, ECONOMICALLY, was something “New”,..
And many like the CCP, AND those behind the WEF, took note,…and LEARNED.
CCP’s “Unlimited (unconventional) War Doctrine has a major focus on ECONOMIC ‘warfare’ against the U.S.
As for the WEF, I am not convinced the CCP is behind the curtain.
But, I think the entity behind $chwab DOES “Admire” that is long for, the kind of controlled economic system, and control of the populace system in China, and hopes to enact a similar system, Globally.
SO, the “Central Bankers” of WEF, against the CCP, and them fighting to determine which will rule the World, …is that what it has come to?
Again, I think you’re heading down the right path, especially with your rhetorical question.
The whole “social credit” thing that the Chicoms set up through TenCent Holdings is the technological basis for establishing CBDCs and their attendant IoT control mechanisms. It’s ironically an example of the West actually copying the Chicoms rather than vice versa.
But to your question, I think there will be conflict as the two “parties” fight over what wealth remains. The WEF are cowards – think Larry Fink, Bill Gates, Trudeau, etc. – who are not of the same caliber of ruthlessness as the CCP. My bet is on a CCP-Russian alliance rolling right through Europe. That’s the money shot.
Your penultimate sentence nails it. Maybe not militarily but economically with cheap Russian gas as the economic artillery.
By the time the war in Ukraine is over European countries will have expended much of their armies reserves, really only having their air forces left which face the almost untouched Russian SAM force. There are token US forces in place as well. Russia will almost certainly not move out of Ukraine but it could go to Paris as it has done in the past (unlike Napoleon going to Moscow we don’t hear much of that) but it won’t need to.
I do not think that WW3 will be fought for economic purposes, but rather for depopulating the planet. Usually all wars are bankster wars, but I have a feeling this one would be different.
BlackRock and Wall Street and London’s financial sector are behind the curtain.
They view China as a place to make money and emulate social control policy.
The WEF becomes The FEW. Buffalo Springfield: Something’s happening here. What it is is disturbingly clear. There’s a man with big banks over there. Not worth what we paid for a share,
Better stop. look and beware. What’s that sound, something’s going down.
A couple of days ago I thought of this song. We all are on the same wave length, and grew up with the same music with great lyrics. Very prophetic.
Guess which countries are stockpiling gold ?
Hurray for BRICS! WEF & et need to die off quickly. Screw then all.
Every nation aligned with the grey team also has a strong nationalist identity. Their flags mean something. The nations of the yellow team have very weak nationalistic sentiments and those that linger on are being systematically wiped out. In a fighting war, whom would be more likely to prevail? The yellow color choice for the Build Back Better team is an apt one. It matches the colors of their spines.
Joe The Vigorous and his stooges are doing a bang up job eh?
Where’s the refs?
The refs see what Ukraine is getting and want more too.
Parallel societies re bartering etc. Looking more and more possible.
the w.e.f. must fail. We will have pain now no matter what. I would rather sustain the pain for the possibility of freedom than servitude under the Globalists.
Parallel economy, but also alternate methods of communication.
For those that love freedom, we need to begin to develop alternative ways of communicating offline as the internet/phone may become too dangerous under a growing digital surveillance state that is heading (along with digital currency) for a totalitarian social credit system. Other than Pony Express any ideas on alternative methods of communicating with each other should the Great Reset reach completion?
The Western elite ‘has what it needs’. It harbors dreams of a breakaway civilization built around tranhumanism, AI, robotics and unburdened by the mass of humanity (down to about 1 billion people). No longer even fruitfully exploitable, we’re mostly a crowd control issue.
The Western masses are essentially captive/silenced hostages on the road to neofeudalism, attrition and euthanasia. In gaming lingo, we are little more than NPCs. We effectuate NOTHING any more in our respective societies (in case anybody hasn’t noticed).
The Global South are aspirational. They want a piece of a pie that the Western elite insists cannot be permitted to exist anymore.
Build Back Better is an elite program to build a better future without the Global South (roughly BRICs) AND WITHOUT US.
Surely the DARPA bioweapon take-up has exceeded the wildest dreams of the elite. Last time I looked something like 5.1 billion people had had at least one shot. Staggering!
I don’t know the date of this interview but Club of Rome member and co-writer of 1972’s Limits to Growth Dr. Dennis L. Meadows offers a pretty candid summary starting here at 1:00.
Watch his flailing body language especially at 1:13.
https://www.bitchute.com/video/vTnqiswPOrS7/
Inadvertently or not, Meadows offers us a pretty decent definition of the MSM: that which ‘edits out all the stuff we don’t like.’ Again, his candor here is appreciated. Furthermore to the extent they can, they’ll be killing us softly.
Thanks for that, Doc!
You can cast them in a Illuminati, baby-eating frame all you like (and as a Christian, I’m not inclined to disagree with you). But this group of people with immense power is ‘hellbent’ on delivering us to a 1-2 billion person planet.
Note too how he casts personal liberty and freedom as a complete nonstarter on a 7B people planet (we’re at 8B today).
Okay, maybe you get a modicum of that Bill of Rights stuff at 1B. But 2B? Pipe dream!
I see NOTHING happening on this planet that is anything other than a fulfillment of Limits to Growth recommendations.
I remain a Trump fan. I am however an even bigger Jesus fan. This is way above the former’s pay grade and more in line with the Lord’s task.
Why don’t these “population bad” types take one for the team?
Instead they seek the demise of others.
Evil doers doing evil..
This is kind of like Netflix new survivalist show “Outlast”…
Occam’s razor: Ammar Abdul Wahed Al Khudairy takes his fudiciary responsibilities seriously and didn’t want to lose more money for his investors, including his government.
Anything else, whether good or bad for Saudia Arabia, is incidental. The Saudis have took much invested in the west to want to tank the world economy.
One day there will be reverse migration into MX.
Young White Man! While your “over there” fighting your White brothers in the Butchered Lands, 6 million+ military age foriegn invaders are here to take your jobs,your neighborhoods and your women. Dosnt it make you feel good doing the bidding of the Bankster Fruadster Bolsheviks?
The Banks are now over leveraged by at least 100 times the amount of 2008, albeit in a slightly different form. It has evolved from MBS ( Mortgage backed Securities ) to another form of “Derivatives”. Same basket of EXCREMENT, its just gotten ostensibly BIGGER. FDIC doesn’t have the reserves to cover a BANK RUN, not even close. In all of 2008 the Bank losses were net $375 Billion, we’re at $312 Billion this month alone. They can paper over what’s about to happen, but they know. Citi Securities, Citadel, and JPM Chase all sold their EQUITY in SVB 30 days ago, almost on the same day, go figure! It’s a BIG CLUB and we ain’t in it……H/T George Carlin……..Prepare yourself accordingly fellow Treepers, our POTUS is literally clueless and his handlers will get us into WWIII to hide the corruption.
In my mind they don’t have enough fingers and toes to plug the holes in the WEF/CFR/NWO dam. I believe, they blew their ammo in 2008 with QE (Quantitative Easing) 1-3
They are again backing up banks whose only asset is our faith, 0’s & 1″s go bye-bye when you hit delete. Once we lose faith in “their” system it will wither and fail and many people will get crushed.
Sadly. this has the feel of 1929 “cubed”. Just as a “rising tide lifts all boats” the converse is also true, a lowering tide drops all boats, watch out for BlackRock, State Street, Vanguard et al.
The good news, we will have the opportunity to rebuild pre 1871 for our children and grandchildren.
Watch out for all manner of swamp distractions, War, pestilence, privation, confusion, fear…the nastier the better.
The climate change agenda is national suicide. Why in the hell are we letting these bastards do this to us? They aren’t going to stop even after they’ve stolen all our money and assets.
We’re not. The US central banks, many of them, have come out clearly against ESB. Jamie Dimon just went to Davos and told them oil was going to be with us for the next 50 years. Much of what we’re seeing now is the fallout from our banking system — run by Trump’s team, mind you — going after the offshore dollar markets that fund the WEF agenda. Check out Gold, Goats, and Guns for a more complete picture.
I like to use this example of how hysteria and group think allow inaction by a thinking person/s; just a short 80 or so years ago, a lot of citizens of this country thought rounding up fellow citizens and throwing them in concentration camps was a justified action. I’m not talking about Germany but the United States. We did the exact same things to our citizens as the Nazi’s did to their own (and other countries). Think about that……….
Once the Swiss National Bank stepped in to backstop Credit Suisse and once the Fed stepped in to backstop US banks, There is NO reason for a bank run. What is the root cause of the problem besides Biden starting us off on the path of inflation?
Too Big To Fail. Big companies and big banks need to be forced to break up; so, we can have failure. There are a lot of poor managers out there and they need to be weeded out. SVB received a lot of cash during Covid and bought 10 year bonds? All of us knew inflation and rising interest rates were coming? Still the OCC could have prevented all of this. Biden’s Team is Incompetent.
There’s only one answer and you all know it. So until that day of days. Relax and pray and feel the greatness of what the Lord has provided.
I lived in Moldova after the fall of the Soviet Union. Many older people were cast aside by their families as they were considered a burden. Those with irreplaceable skills however, were highly regarded and did very well. There were two old men that worked as a team in my village and they were the only ones who knew how to repair woode wheels on the horse carts and they could fashion anew and fix the ol’ wooden wine barrels as everyone used them but it was rather precise work to round the wood, fit it together and make it air tight. Another old man could rig your water pipes to bring hot water to your spigot without the use of a pump by connecting them to a wood stove and doing some math on the angle they run. Don’t really know how he did it, but I saw it work. So what I am saying is, you can stock up on gold and food and supplies, but don’t disregard the need for skills, community and ingenuity. They just may be more valuable than gold.
Community is so, so important. Helping each other get through tough times is about the only way it can be done. Going it alone is nearly impossible because there will ALWAYS be something you need or some skill that you don’t have that will be required to survive. Surround yourself with like minded patriots and together, we will all be fine.
Thank you willy for sharing –very few in the U.S. today have lived thru what you did in Moldova and know what happens when a society collapses. Very astute observations. The skills valued today are not the skills that wll be valued if the economy is in ruins around our ankles.
. . . And thanks for raising the issue of the brutality you saw —- of family abandoning weaker family members who were seen as a burder. Survival struggles strip many of humanity.
Reminds me of a lifeguard/life saving class I took many years back. The YMCA instructor wanted us to know, really viscerally understand, that a drowning person will do anything to get air, including pushing a friend under the water to climb on top to get air (rescuers often drown this way).
The instructor had us get in a circle in the deep end of the pool and one by one we were sent to the center of the circle. The rest of us were to keep pushing the center person’s head back under the water until the instructor saw a drowning reflexive response come from the near-drowned.
Never forgot it. Then she taught us how to rescue someone without being drowned ourselves. When life gets too close to the edge of survival, sadly people behave differently toward each other than they do when life is softer and safer.
A one world currency has always been the goal and still is. Remember the Amero? Some States are jumping on board the band wagon for digital currency. I remember Tom Brokaw had a running segment called ” The Fleecing of America”. It was all predictive programming. The fleecing continues.
How about we just take our Country back, divest ourselves from everything “Fed”, and start again?
The wild card is going to be the “Died Suddenlys” and what numbers will manifest from that ultimate Evil. We may well find ourselves in a Land of Plenty, sparsely populated…
So increasing the interest rates to “control inflation” leads to a collapse that requires, in the eyes of the elites, bank bail outs that increase inflation. Essentially, you have interest rates go up to control inflation but backdoor QE (inflation fuel) to mitigate the damage of the higher interest rates. They got themselves stuck in a shxxhole and any measure available to get out of it requires to get deeper into the Shxxt. One thing for sure, while they send QE to their bank accounts from the taxpayers account, the economy affecting the taxpayers collapses. All planned. May the Lord have mercy of us and have them fall in their own trap they set against the Deplorables!
The best solution is civil dissolution
The American Left’s Emerging Social Class Consciousness of Envy In Collusion With the Existing American Corporate Ruling Class Consciousness of Greed.
Codevilla asks in his article, Revolution 2020, “to what end does the American ruling class govern?” We answer that the end goal of the ruling class is greed.
Laurie Thomas Vass, http://www.civildissolution.com
March 16, 2023
Note to readers: This article is the introduction of a much longer article available at Substack at http://www.civildissolutioon.substack.com
The other sections of the longer article include:
Section 1. The Consciousness of Greed of the American Ruling Class.
Section 2. The BLM Democrat Politics of Envy.
Section 3. The Emerging BLM Democrat Concept of Social Class Consciousness.
Conclusion: The Radical Egalitarianism of the Democratic Republic of America.
The entire archive of books about national divorce and civil dissolution, written by Laurie Thomas Vass, is available at http://www.gabbypress.com
Introduction.
Our article begins in the aftermath of the 2016 election with the entry of the term “resistance” by Democrat Marxists into the American political lexicon of social justice.
Resistance is a new term in American political discourse, and our podcast explores how the idea of the left’s resistance to the election of Donald Trump explains a new class consciousness emerging among Democrat voters.
We contrast the left’s resistance to Trump with Angelo Codevilla’s insight that the resistance could also mean the resistance of Trump voter’s to the power of the American ruling class. (Codevilla Angelo, Revolution 2020.The American Mind, September 23, 2020.).
Codevilla creates a hypothetical dynamic in class consciousness between BLM Democrats and middle class Trump voters, using the concept of resistance.
Who will be there to bail out Rust Belt Bank? Don’t worry folks the same folks who helped East Palestine Ohio.
They don’t even hide their hate and discontent for us regular folks. In fact, they throw it in our faces.
As more banks approach the precipice there will be a point where the normies will have to wake up. They will be forced to wake up because either they will lose what little they have when their bank, Rust Belt Bank, collapses due to the weight of high speed inflation, with no abilities to hedge their portfolios. Why? Because no bail out- no more money after they rescued all their friends with money we don’t have….followed by some more hyper inflation devaluing the small amount you saved from the bank.
Or, they continue to bail everyone out. Great, Rust Belt Bank users, keep your piddly assetts, because all of that money we just printed and injected will make it worthless anyway.
Great rock and hard place this wonderful ESG, BBB, FJB economic policy has gotten us between….and all on purpose. Don’t forget that important piece- all on purpose.
200 ac, 10% tilled and no-till managed for deer/turkey plots which could grow AG crops easily, 1680 sq ft commercial greenhouse & 1/2 acre outdoor vegetable garden (currently selling off/sharing excess year round production}, trap & actively hunt feral pigs year round, 1 acre fruit tree orchard (2nd year, apples,pears,peaches,plums} electro fenced to keep out critters. 5k gallon buried propane with 2 propane backup gensets & lastly a 3 acre +/- pond stocked with fish, predators, prey & maint species, 2 separate wells connected for backup plus a manual backup. Contemplating a chicken/turkey house addition this year.
That’s my plan, working hard to stick to it and enjoying every minute of it. Dreams can come true, can happen to YOU. God is great and it is he who provides if you avail yourself of his blessings. God Bless & Protect Y’all.
The destruction continues. While verbiage seems to be the order of the day.
So now 2 Swiss Banks with bad assets.
Today is the anniversary of Bear Stearns collapse in 2008. Avoiding bankruptcy by being sold to J.P.Morgan Chase & Co. for $2.00 a share, which was eventually renegotiated to $10.00. In one year the stock price plummeted from
$159. a share to $2. A reminder to all that recently Forbes Magazine rated (SVB) Silicon Valley Bank as one of the best banks in America.
Whoops!
And Russia has gotten rid of nearly $800 million in US Treasury bonds since last year. They currently hold only $67 million.
My opinion, this article is the product of bubble think , wanting to ‘prove’ a point of view the author favours, its entirely wrong
Please provide your point of view. I read the comments for counterbalance.
Must be British with the use of the word favours…..ironically England sold out a long time ago to the greenies and global climate communists.
Fairly certain the Brits are behind the spying on Trump, the Covid circus, and the destruction of the Nord Stream pipeline and the entire Ukrainian charade.
What’s your damn agenda and what bubble do you speak of? The debt bubble or the inflation bubble?