This is rather remarkable and tells us something about the current status of the “western” financial system. The last sentence in today’s announcement from the FED is particularly laughable. Check this out [Source]:
That last sentence is nonsense. When was the last time the ‘central banks’ worried about the supply of credit to households and businesses? Total and complete nonsense. What they are worried about is the need to have readily available dollars, faster, to backstop banks that are supposed to be holding deposits.
Nothing quite inspires ‘global banking confidence’ like the need to swap dollars rapidly, from country to country on a daily basis, because the amount of currency in bank, within any western nation, at any given time, might disappear.
Yesterday’s monologue from Neil Oliver, and the recent personal banking story that structures his comments, is standing as eerily prescient right now. SEE BELOW:
.
“This just in. Everything is fine… the liquidity of the Western banking system has never been stronger”… “Look over there folks, Trump indictment, nothing to see here folks… move along now”…
Good evening Treepers. Here’s an interesting interview with a former stockbroker. Very informative IMO.
Quick!!! Call Zelenskyy to see if he can give us a loan! He moved to the Bahamas? Oh, who could seen that coming?
Lynnette Zang
Excellent!! Thank you!!
This is a deliberate attempt to cause runs on US local and regional banks and credit unions, allowing them to be swallowed whole by the half dozen “too big to fail” banks. DO NOT fall into the trap. DO NOT play the game. This is how the parallel banking system Trump built will be destroyed.
Want to really through sand in the gears? Move your accounts from the bigs to a local or regional bank. This crap will stop in a minute. Decentralize control over the citizens’ wealth. DO NOT centralize that control. Flip the elites one giant bird!
Did that over 20 years ago. While I had no idea that anything like this would happen, I did see the intentional destruction of community “savings and loans” banks. IIRC,it started under Clinton.
It started under Reagan. Same with vaxx liability for pharma being dropped and emptying the nut house occupants onto the streets.
Thank you!
After years of reading CTH, it finally sunk in that we are moving along a schedule that was laid down years ago by people who do not care about our interests. I’ve gone from outrage to outrage, but never quite internalized that this is all the result of plans and coordination — not blunders.
I’m sure the schedule is reviewed and tweaked from time to time to take advantage of opportunities and recover from slides. But things are being managed, and managed pretty effectively, I’d say.
Perhaps having political and media buffoons is an advantage for the other side. The buffoons provide a sideshow to keep us from thinking about the movers and planners, where they get and use their money, and what they’ll drop on us next.
American politics and the enablers thereof, the MarxMerdia, are a Punch and Judy puppet show to mesmerize, confuse, and antagonize the People, to push them where they will whilst keeping them at each other’s throats.
Divide and Conquer IS a key part of their strategy.
BECAUSE the one thing that they have no defence against, the one thing that defeats them, the one thing that forces them to relinquish power, the ONLY thing,…
Is a UNITED populace, that with one voice, by word and action, withdraws their consent to being governed.
And no, it doesn’t require guns or violence.
With unity they are not necessary,, and without unity they are worse than useless.
Learn the lesson of “the singing revolution” of the Baltics, and the Solidarity movement in Poland.
Neither involved an armed rebellion, but both involved the populace, IN UNITY, byaction and word, withdrawing their consent.
Unity, not division is the only way to overcome the evil currently in control.
Marxist Marionettes.
They’re cute when they get angries and emotionals.
2-minute hates, only last 2 minutes. Fake Hate, Late Again.
Things seem to be moving along according to schedule:
https://emeralddb3.substack.com/p/the-great-reset-the-plan
Schwab changed the great regret script.
“Structural Restructuring Better”
NeverTrust the Plan. You may be disappointed…
“There have been disappointments. Abu Ghraib obviously was a huge disappointment during the presidency. Umm. Not havin’ weapons of mass destruction was a significant disappointment.
“I don’t know if you wanna call those mistakes or not, but they were — things didn’t go according to plan, let’s put it that way.”
— George W. Bush White House Jan. 12, 2009
Until President Trump dropped the People’s hammer. Their plans have definitely had a cog thrown in their wheels since he came down the escalator.
I think he hastened their agenda into sloppiness – why is it we’ve known more & more about them since 2017? And that they’ve kept getting louder & more openly brash about their intent?
Although it appears they’re still in charge, I think 100’s of millions now think otherwise & are willing to do whatever it takes to keep our sovereignty & freedom.
Yes, DJT was a lot more than a little sand in the gears; he messed up their plans entirely, and forced them into defence mode, and they have been making “sacrifice plays” and committing both forced and unforced errors ever since.
All of their progress up until 2015 (DJT) was achieved thru stealth, and covert actions.
DJT exposed them, and forced them to go OVERT;
it’s NOT that “they don’t CARE if we see” it’s that they have no choice, in order to try to implement their plans, to act overtly.
And most of these overt actions that have exposed them, have been their unrelenting attacks ON DJT.
HE gave them no choice, but to attack him with everything they had, and thereby to expose themselves.
Sucks to be them,…
THEY are NOT winning.
The masters of money have almost full control of the media baffoons. They know the media zombies will moan to their follower zombies to think and do as they say.
All of the zombies are unaware they are being used and will eventually suffer the consequences of their own filth.
“The grass-roots political activity of the citizenry and its inseparable adjunct, the entry into public life of non-organization politicians, is a constant threat to party organizations.
“It spurs political ambitions outside their control. It opens new avenues to public renown. It encourages outsiders to enter party primaries and gives them a chance to win. It opens to officeholders themselves the opportunity to win public support on their own and thus render themselves independent of the organization.
“It is therefore the perpetual endeavor of party organizations to discourage and even squash grass-roots movements.”
— Walter Karp, Indispensable Enemies, 1973
At least 100’s of years before…1656, 1866, 1907, 1929…many allover the ‘civilized’ Western World. It never ends well. We should all NOT do this. Let the scummers just try to gobble up the REAL banks!
With respect, please be kind in referring to the mentally ill. They are ill through no fault of their own and not enough has been done to help them. If you had a child with a serious mental illness (schizophrenia/bipolar) you would not refer to them as “nut house occupants.” Having a loved one with one of these illnesses is a tough burden to bear.
Agree, it is a really crappy term that some use to demean the mentally ill. Not cool.
It certainly is Joan, ty
there certainly are many of them
they were easily identifiable by
the cats and dogs they carried
with them on the plane trip
I recently took
not a cage in sight
disclaimer: my comment is not meant
to insult those with serious mental
health issues
Plus crack cocaine..
Which president passed the deinstitutionalization Act?
John F. Kennedy
This legislation was passed as part of John F. Kennedy’s New Frontier. It led to considerable deinstitutionalization.
…
Community Mental Health Act.
Yes, the concept of Community based mental health started with the Kennedy administration. The emptying of the mental hospitals didn’t happen until years later. Many other factors led to the deinstitutionalization here’s a link to the timeline. I know it’s the cr*p publication Mother Jones, but it works in this instance.
https://www.motherjones.com/politics/2013/04/timeline-mental-health-america/
It’s always the helpless and innocent, in this case they become a burden on all of society because they usually become criminal and repeat until dead or in prison. Our government has been broken for too long and it benefits the few not the many.
It all stems from greed. The reflexes are honed to grab quicker and quicker the bills that pass by their grasp. If you saw a bank teller doing this would you ever put a dollar before them or in a bank? No, but we do now and the banks and government grab those dollars for personal gain.
Go to a gold dealing pawn shop this week, any public gold dealers. You will see what is happening with the citizens over this bank run. People step in line full of fear, and they cannot help themselves. We are in serious trouble.No God no faith.
You can thank b the lawyers for that.
And most significantly, the consolidation of media.
Congress passed laws, limiting the amount of media outlets that could be owned by one entity, in the various “media markets” especially and specifically to insure “freedom of the press” and that diverse points of view would be heard.
However, they left it up to the FCC to determine what percentage of a media market was allowed to be owned by one company.
As the big Dix began to gobble up more and more independent newspapers, and TV stations, the FC. simply raised the allowable percentage.
And now we have six mega-companies, that own 90+ percent of all newspapers, broadcast and cable news outlets, and movie production and distribution.
And with that, they have tremendous influence on “public opinion”.
And who controls them?
The incident where the top gun sequel had to be edited, to pixalate out the flag of Taiwan, tells the tale.
Reagan gave the responsibility and money to the states so that
mental health care was handled closer to home
the states failed
I detest the big banks. I stopped using them decades ago. “Shop local.”
You might be correct Boss. Have also entertained the idea this is to corral people into the larger entities which makes control much easier. As you mentioned to centralize control. As I also mentioned I will not give these elites too much credit. I don’t believe they are in control. Sanctions were supposed to have eaten the Russians by now. Look how that worked out for them.
Already there.
Interesting that a lot of MAGA wants to run the banks as a protest against Trump’s supposed arrest on Tuesday. They are falling into the psyop trap.
We should run the banks. The big banks only. Move your money to regional or local banks or credit unions.
We don’t need or want Wells Fargo, Bank of America, JP Morgan Chase, etc. They should have died in 2009 but we kept them alive.
Also go after the brokerages and retirement managers. Whole smash. Don’t move it, rather convert it to cash and then out of the Communist system entirely.
There are, for the more bold, other money weapons to use but CTH is a home for diplomats, not soldiers.
If 1% of PDJT voters did what you suggest and what I suggest, that would get their attention without fail. Look what a far lesser version did in Canada back during the trucker convoy and protest. It works.
Another dollar haircut, just like the last one. This one will be a close shave.
Ultra-MAGAMAN talked about the “catastrophe” and war that was coming in June 2020. When you’re in asset protection, you pay attention to what OMG calls, “the stealth tax”(inflation).
Don Jr. talks about asset protection and sand on his talk show, “Triggered”….
https://rumble.com/c/DonaldJTrumpJr
Why should we need banks anyway? What is the purpose of a bank to an everyday citizen beyond getting them into debt?
Exactly! Jesus threw the money-changers out of the temple. Governments should issue a nations own currency. There is no need for a private bank. The bankers make money out of nothing and charge you interest to borrow it. All newly printed money is backed by nothing but our debt. That FED Withholding that comes out of your paycheck every week goes directly towards the debt, meaning the bankers pockets. They control all wealth so they control all nations they operate in. Aaron Russo made “Freedom to Fascism” which explains things well. His interview with Alex Jones before he died is also very good although I am not a fan of Jones.
Like Silicon Valley Bank? Aren’t they a “local” bank?
We have never been more thankful that we’ve been with a local credit union for decades. Big banks are the enemy-well, one of many enemies
Been a member of Navy Federal Credit Union for 45 yrs.
Also a member of SCState Fed Credit Union NO BANKS!
and this will all be funded…of course…by that loathsome middle class American taxpayer! Enlightened European taxpayers have more important needs to cover…
Again, SVB has very little to do with wokeness or risky loans. Of course wokeness is a death sentence to any entity that adopts it, but that is probably not the case to explain this current situation. The loans have all been pretty sound too from my understanding. That was not the case in the early 2000’s. However, where we are now is a direct offshoot from the 2008 financial collapse fixes. Artificially low interest rates and cheap money have conditioned the economy to accept nothing less. The US Treasury Bonds that ALL Banks are required to buy, have dropped substantially in value.
We all knew this insanity would catch up and the Piper would eventually receive his cut. That Piper charges exorbitant fees and interest too. Don’t fall into the trap of giving the elites too much credit. They don’t deserve it because they have become nothing more than spoiled children. Trump has a funny way on conveying the truth. He describes them as “insane stupid, Neocons, Globalists, and Marxists.” I think he’s right again.
I contend we are officially CAUGHT between that damn rock and hard place. Something is getting ready to give. The Laws of Economics, Physics, God, Mother Nature, and Natural Law will NOT be mocked forever.
Riddle me this:
What do
insane people
stupid people
Neocons
Globalists
Marxists
have in common?
Unicorns.
delusions of grandeur
That is vexing indeed.
The letter ‘S’
You solved the riddle!
They’re all members of the uniparty.
SVB was more like a cult fraternity. Had an office in the UK. The Financial Risk officer is a self-described Queer person of Color. Puppet Stockholm Syndrome baby.
Cannot make it up.
Ask Oprah Winfrey.
Convenient. All designed to scare us into a controlled demolition of our regional banking system, creation of regulated digital currency, and social credit dictatorship.
https://www.lewrockwell.com/2023/03/no_author/silicon-valley-bank-trump-the-cartel-drug-money-bank/
The loans were not sound and were not returning or repaying. The the loans were to high risk start-ups focusing on “GREEN STUFF”. US Bonds were being used both as hedge and as part of the “cash” source for the risky start ups.
Gee what could go wrong … high risk loans to Green Start Ups with negative ROI, using US Bonds as a cash source and hedge.
Your understanding was wrong.
In other words, a Million points of Solyndra.
Additionally SVB had no risk officer for over 9 months, and then the one they hired was more focused on woke BS than her actual job. SVB was also on the FDICs watch list for over a year.
They all knew. They just didn’t want to face reality.
We have the most incompetent institutions, government and private, thanks to woke nonsense.
a lot of good a ‘watch list’.. did .. yea, they were ‘flagged’.. or whatever.. crazy.
Thx for that explanation, Luke
IMHO, 2009 was NOT planned, not intentional, and really WAS a pending complete collapse of the global financial system.
Of COARSE the priviledged were shielded, and the schmucks got screwed, what’s the point of having priviledge, if you can’t use it to protect your interests?
But, it WAS a pending collapse, so they instituted desperate emergency measures, “life support” to keep the system from dieing.
And then realised all their measures only prolonged the inevitable; there is no ‘surgery’ they can do, to ‘save’ the patient.
Take the patient (global financial system) off life support (-0- interest, quantitative easing) and it collapses.
It’s been 14 years, of “emergency measures instituted to prevent the collapse of the entire system”, what does that tell you.
So, they came up with a desperate “hail Mary” plan; first pretend to adopt “Modern Monetary Theory”, which is absurd on it’s face.
Flood the world with $, and then raise interest (pull the plug), allow the financial system to collapse, in order to institute CBDC,which gives them CONTROL over ALL transactions.
And, before anyone says “China” recall China central bank joined all the rest in -0- interest, and China has a worse housing market bubble than any other country.
The Global financial system is inherently unstable, built on false assumptions, and passed the point of no return a long time ago.
It’s a “Terry Schiavo” corpse being “kept alive” by artificial means, and now they are pulling the plug.
SVB was over leveraged to the tune of 185 to 1. This would be their debt to equity ratio. Most of this debt was in hold to maturity Treasury Bonds. They had to hold these bonds to maturity to make money off them. Because of rising interest rates these bonds were under water and if they sold them now they would lose money. This caused a liquidity problem because on paper the bank was a billion dollars in the hole even though it held billions of dollars of assets. The bank was insolvent and the run on deposits crashed the bank.
A bunch of other banks are holding these under water Treasury bonds. That is why you can’t get a decent return on your money in a bank. They’re keeping your return to shore up their balance sheets because of these bonds. Depositors in turn are moving their money out of the banks to get a better return with T bills or money market funds. That’s why a lot of small or regional banks are in trouble, The big banks have these bonds too, but are more liquid because they have billions of the Fed’s money parked there.
What happened eight hours ( or so) ago? 🤔
——————————-
ilDonaldoTrumpo
@ilDonaldoTrumpo
6h
·
GOD IS GOOD!!! I’M READY!!!
Federal Credit Union
Anyone have any recommendations for a good company selling precious metals?
Let’s not forget who a majority of SVB’s depositors , who had over $250,000 ,which would of not been insured, and would of lost billions ,have been democrat supporters and will show their gratitude by donating huge amounts of $ to democrat causes and candidates.
No, actually all the “fat cats” were venture capitalists, and they pulled their $ out, which precipitated the crash, as it forced the bank to sell their Govt bonds at a loss, to raise cash.
Or so I understand from listening to Bannon.
Not all.
perth mint of australia got caught selling adulterated gold to china. be carefull
Yes,. like .001 off. Didn’t amount to very much % wise.
Earned them ~650,000 a year.
Cost them a lot more than that in reputation and likely in consequences yet to come.
Amazing someone could have been so shortsighted as to think willfully selling gold, of all things, while misrepresenting its purity to their largest trading partner with intense political influence in their own country to scam a scarce profit that could more easily been made by cutting back on internal inefficiencies and social stupidities.
Do u remember a couple of years ago when a china co. used around 200 million in copper bars coated with gold as collateral. ? Then someone tested one of the bars. Turned out all the bars were fake.
True, it was stupid , but my point was that it would as a very,very small amount.
Indeed it was, amazing so little could have such consequences.
I didn’t know about the copper bar story, not surprised though!
SDBullion seems legit & is easy to deal with.
Good broker. So is Money Metals.
Fair warning though, there are shortages starting to crop up.
90% silver coins (junk silver) is getting scarcer. Not as many people selling their old stock.
Silver rounds are available. Silver Eagles are as well, just at higher premiums.
Gold Eagles have lower premiums to gold value, yet they are nearly
$2,000 per coin.
Lead-brass-copper (ammunition) is at nearly back to 2019 levels.
If you are a shooter, now through Spring is the time to stock up. Keep it dry in sealed ammo boxes and it will last for many years.
I would diversify my commodities. Added to the above would be storage food, OTC medicines, water storage and purification, dual fuel generators & fuel.
Even just buying another set of tires and storing them would be a smart idea.
Keep some cash around.
Be an old time Boy Scout.
Be Prepared.
Don’t stop at OTC medications.
There are several ways to legally obtain “Rx only” meds, for ‘stockpiling’.
Firstly, any Rx med that after research you really believe you or yours MUST take, to live or function.
Then, some obvious choices, antibiotics, proproponal (beta blocker) is very useful in high stress situations, HCQ and Ivermectine, …
Just do your research, ..
I just took a first aid course in Nov that said some of that is getting shut down in June/July. Best to make your preparations quickly on that front.
I’ve used money metals exchange. No complaints.
Ersatz:
Winchester
Remington
Federal
Sig Sauer
Unless you only want gold or silver.
Nice one billrla and so true
Invest in precious metals: BUY LEAD.
IMO get a local referral and deal in person, cash and carry. If considering substantial stock, consider investing in testing equipment to ensure authenticity.
Good company selling precious metals?
I’d be wary of a Gold IRA that wants you to transfer your cash BEFORE determining the price per ounce of gold.
Yes, the guy at Liberty and Finance warned about precious metals places that only specialize in IRAs.
And fwiw- years ago, I just set my own precious metals IRA up. I opened an account and then bought precious metals from APMEX and had them sent over. So no middle man taking a cut of the action.
I too have used APMEX they’re one of the largest precious metals exchanges.
liberty.coin Deliveries are tracked and you can sign for the delivery. They don’t just stuff stuff into an envelope that “breaks open” in transit.
Smith and Wesson
Colt
Taurus
Remington
Hornady, Federal, ,…
NOTHING more prescious
Silver Gold Bull
“It’s happening fast and faster.”
It had been doing a slow roll over the past 30 years or so, since the Rio Conference that got the whole climate change hoax off the ground. All of what is going on now was supposed to have been gradually implemented, but the problem was that none of the predictions came true and people kept driving and using gas stoves.
The 08 crisis was a cute way to start the ball rolling where Algore’s movie failed; it added a trillion dollars to the baseline budget.
Then came Trump, who popped the entire balloon by turning the US into a net energy exporter, thus demolishing any claims that oil prices were high because we are running out of it.l
Along came covid and the chance to implement in 15 days what was supposed to have taken 30 years. Now a convenient financial calamity and things are put into high gear to crash everything before the election. It is imperative that Tump not be re elected, so whatever destruction the Deep State has to do, they will do.
Things can’t go anywhere but downhill from now to at least the election. After that, there can be a reprieve if Trump wins or a total takeover if he doesn’t.
And that is being optimistic.
As a consequence of the 2007-2008 mortgage backed securities debacle and attendant banking collapse the largest “too big to fail” banks should have been rendered into manageable subunits that could be taken over by the best of the regional banks in their respective jurisdictions.
This should be done at every major bank collapse.
Call it creative destruction, or remodeling, or whatever.
This would maintain an equilibrium of solvent large banks that are well-managed.
Instead, we have concentrated power in fewer and fewer, larger and larger banks like JP Morgan, Chase, Citibank, and Bank of America at the expense of the well-managed banks.
Spot on.
In addition, separate “Investment banks” from “regular” banks, ala Smooth Hawley and wind down the derivatives market, entirely.
None of the changes that needed to be done after 2009, were done.
Kicked the can down the road, and now we have reached the end of the road.
“Mexico’s militarized seizure of Birmingham-based port facility at Punta Venado in Quintana Roo.”
https://www.al.com/news/2023/03/katie-britt-denounces-mexicos-seizure-of-vulcan-materials-port-facility.html
https://t.co/wWo5EDu5j9
Isn’t that why the multinationals use 3rd world countries? Cheap labor with few labor laws, and fewer environmental regulations.
So, a printing press on every streetcorner…got it. The end of this is going to be so horrible, even the most dystopian authors could not have imagined the horrors.
I do think it’s quite possible we are looking at the end of civilisation as we know it, and am open to the possibility that it is “the end times”.
It’s becoming quite obvious why the DeepState has to sideline Trump and distract our attention.
He’s the only person that now knows what to do, how to do it and who he needs to get it done!
Here is a link to a Foreward Catherine Austin Fitts wrote for Micheal Ruppert’s book “Crossing the Rubicon”:
https://archive.org/details/crossingrubicond0000rupp/page/n12/mode/1up
Micheal’s book was published in 2004. It looks like history is repeating itself…
Neil Oliver is a treasure and i say NO
Musical Chairs or Three-Card Monte? Hmm, cannot decide which color?
Maybe it’s purple.
SUNDANCE:
“When was the last time the ‘central banks’ worried about the supply of credit to households and businesses?”
You nailed that, they even admit that themselves when we are not looking:
The Narrow Bank Update: SDNY dismisses TNB suit
Commercial banks uniquely deserve the advantage of Fed accounts. Commercial banks do things that are socially necessary but less profitable (like providing credit to households and small businesses). By subsidizing commercial banks and using regulation to insulate competition, the Fed allows them to continue their socially beneficial activities.
https://justmoney.org/the-narrow-bank/
Any thing that supports the productive main street economy (ie making something) is a burden to US banks and pales in comparison to the money that can be made in the non-socially beneficial “paper casino” like: financial derivatives, currency arbitrage, shorting corporate stocks, commodities speculation and manipulation, etc. etc. etc.
We are about to see the results of this play out in real life as the US financial “paper based” economy goes up against the Russian raw material based economy and the Chinese manufacturing based economy (which US money built).
Obama needs to tell Joe and the rest of the foreign policy team that: “The US ability to manufacture ammunition, as we did in the past, is just not going to come back. What are you going to do Joe? Wave a Magic Wand? (lol)
Biden’s great economy is doing effing great!!! WHICH BANK FAILURE IS NEXT???? F J B and crats forever.
Neil Oliver once again speaking truth!
He shoud have answered “Rigit, then I’ll be taking all me money out now!⁶
Better yet, go modern,… make a digital withdrawal of all funds.
Maybe Elon can help by buying The Fed?
And then gutting it.
But only AFTER an audit, so we can all see the paper trail.
During the Duran discussion of the economy, Alexander Mercouris says twice that the only person who seems to have an understanding of the political and economic situation in the world is Donald Trump. That many people in the United States have failed to grasp the seriousness of the US situation right now.
https://rumble.com/v2dtx9i-svb-collapse-surviving-bidens-presidency.html
At least TWO; PDJT and SUNDANCE.
Is it finally time to jump into crypto for the way it acts like gold?
I’m holding my SHIB but purchasing no more.
Too hard to see around corners in crypto (imho).
I hope my stewardship of what the Lord entrusted me with was not unwise.
In short. I say don’t. 🫥
My very simplified take, invest in both, but if you can imagine a future where the technologies backing crypto transactions are absent, then you may want to bias towards precious metals. But really, if the digital world as we know it doesn’t exist, well you can’t plant or eat gold and silver. They’re really useful for seeing you through to the other end of a crisis.
Only if you think the lights are going to stay on…or the Fed/US Treasury will allow a competitor.
These latest swaps are partly to prevent foreign governments from running out of dollars and being forced to stop paying interest on their debts. (The central banks involved are trying to avoid the sovereign debt crises that Ed Dowd was predicting in the Warroom. See:
https://www.thegatewaypundit.com/2023/03/biden-economy-ed-dowd-describes-situation-today-were-at-the-end-and-its-imploding-on-itself/
World War II forced the rich to release their money, in order to pay for the war. So what do you think the real source of the liquidity, problem is?
In case of liquidity, problem in the banking system, liquidity provisions by central banks might
increase the perceived risk of currency devaluation, thereby increasing de-
posit withdrawals and inducing capital (and gold) outflows. According to
Eichengreen, far from acting as a stabiliser, the Gold Standard was actually
fostering financial instability and banking crises.
These dramatic events unfolded in what was to become the worst eco-
nomic crisis in the history of modern capitalism, until one by one countries
started exiting the Gold Standard, or imposing strict capital controls. This
is, according to Eichengreen, the main policy decision driving the World
economy out of the Depression. Indeed, the evidence shows that countries
exiting the Gold Standard earlier, recovered earlier and faster. 8 Absent
the external constraint on the nominal exchange rate, fiscal and monetary
expansion became possible. However, the Depression lingered for quite
some time, and it was eventually swept away only by the outbreak of
World War II.
https://sites.uclouvain.be/econ/DP/IRES/2018016.pdf
They were perceived to recover faster and earlier because they pumped their money supply, which was constrained by the gold standard.
To understand this, look at the history of inflation. IIRC the USD is only worth .02% of a 1913 dollar.
Am personally looking forward to PDJT’s airport rally next week. March 25, in Waco, Texas.
I personally believe that the more he speaks out, the louder he speaks out and outlines what needs to be done, to huge happy positive crowds, that surely must make those who are running things take a pause, knowing by not pausing their actions stand in brighter sunlight, and is a stark contrast to what people not only are hearing PDJT say but instinctively know he’s right – so can compare what their guts are saying to what we’re seeing these politicians doing.
Those are the kind of protests we can all get behind.
I’m sure most are aware of the Ronna McDaniels statement that the current situation illustrates the “utter incompetence” of President Biden.
I can’t wait any more to post this here:
President Biden illustrates the utter incompetence of Ronna McDaniels.
An absolute truth.
The silence of the shams is so deafening, you can hear it from 200 years away.
That’s when Republicans were Americans, first. Not monarchists. See Levi Lincoln.
“[The] Bank of the United States… is one of the most deadly hostility existing, against the principles and form of our Constitution…
“An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government.
“I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries.
“What an obstruction could not this bank of the United States, with all its branch banks, be in time of war!
“It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?”
–Thomas Jefferson to Albert Gallatin, 1803
Every depression in our financial history has been accompanied by a negative money supply, i.e., M2. If that is true now then available credit is no longer available. If we do enter such a crisis, then this will be the juggled grenade that either seals the fate of the Left or ours.
Sounds like check kiting to me.
The reason the government doesn’t want women home with their children is that they don’t want parents passing their values on to the next generation. Why do you think the Marxists in our government love the idea of government run & taxpayer funded Pre-K? They need to get their hands on the children as early as possible so they can start training them to be another brick in the wall.
Meanwhile Xi and Putin getting a good laugh in Moscow.
Who is sanctioning who?
Whose financial system is requiring historic government liquidity?
And maybe now folks here will understand it’s never been about Ukraine.
This is a reserve currency war now PERIOD.
What a great way to launder dirty money of execs and govt. hacks!
Good to know that the UBS Chinese Govt bank and part owner of Dominion Voting Systems is likely to be an owner of the Credit Suisse Group( formerly, SVB).
BREAKING: Investigation Reveals Chinese Govt-Tied Bank Has Majority Stake in Dominion Voting Systems
By Reformation Charlotte
December 1, 2020
Beijing Guoxiang (33%)
UBS (24.99%)
Guangdong Comm. Group [zh] (14.01%)
China Guodian (14%)
COFCO Group (14%)
https*//reformationcharlotte.org/2020/12/01/breaking-investigation-reveals-chinese-govt-has-majority-stake-in-dominion-voting-systems/
UBS Group AG is nearing a deal to take over Credit Suisse Group AG , part of an urgent effort engineered by Swiss and global authorities to restore trust in the banking system, people familiar with the situation said.
Credit Suisse Crisis Nears Finale as UBS Discussions Heat Up
UBS is said to seek backstop from the Swiss government
UBS signals interest in wealth and asset management units
https://www.bloomberg.com/news/articles/2023-03-18/ubs-is-said-to-seek-swiss-backstop-in-any-credit-suisse-deal?leadSource=uverify%20wall
This all raises so many questions about who controls or owns what, since Does the UBS Chinese Govt bank and part owner of Dominion Voting Systems control the Carlyle Group or does a Chinese Govt bank control them all?
China Life and UBS have signed a memorandum of understanding to set up the joint venture, the formal launch of which will be subject to approval from the China Banking and Insurance Regulatory Commission (CBIRC), said one of the sources.
https://www.reuters.com/business/exclusive-ubs-talks-with-china-life-china-asset-management-jv-sources-2021-12-16/
So on one side of this you have the China Pacific Insurance Company acquired by Carlyle Group and the other you have UBS signing a memorandum of understanding to set up the joint venture, China Life Insurance Company.
What we didn’t know was Biden’s sponsors and investors in BHR are strategic partners with COFCO Group which owns 14% of UBS Securities, hence own an interest in Dominion Voting Systems.
“The Federal Reserve lacks direct accountability. Blame Biden and SVB Management
An interview with a Federal Reserve Bank official from last fall, claiming that “we’re a long, long way from any kind of disruption” to the financial system — followed in short order by television clips showing the failure of Silicon Valley Bank.”
Age of Easy Money, Frontline
https://www.pbs.org/wgbh/frontline/documentary/age-of-easy-money/
Socialism can’t exist without capitalism.
Think about that.
An economy that is a financialized economy, one in which money is the product, controlled by a corrupt few and run like a casino has found that it has run out of players and cooked its books for too long. We are witness to the true role of government – to support its donor class – and this time, it will have consequences.
I am not a person of the law or of finance.
That being said, if the taxpayers are going to have to directly or indirectly bail out SVP, shouldn’t we have the right to know the details of who took out the 42 billion overnight that crashed the bank?
Who was this that withdrew the 42 billion in one day?
Does anyone know?
“Who are Big Tech Venture Capitalists/Dim Political Donors,…. for $ 100K, Alex?”
Remember Obama’s Solyndra scam,…. after it went bankrupt, O’s Sec of Treasury, Jack Lew bailed out their venture capitalist investors ahead of the US Tax Payers in violation of Fed Law/Regs,…. on O’s orders. Nothing has changed.
Trouble is, they will never “get their minds right.”
Leftists double down, ALWAYS.
So, then what will you do?
It’s a serious question.
”The dollar liquidity swap lines are designed to help maintain the flow of credit to U.S. households and businesses by reducing risks to U.S. financial markets caused by financial stresses abroad. They improve liquidity conditions in U.S. and foreign financial markets by providing foreign central banks with the capacity to deliver U.S. dollar funding to institutions in their jurisdictions during times of market stress. By helping to stabilize foreign dollar markets, these swap lines also play a role in supporting foreign economic conditions, which also positively benefit the U.S. economy through many channels, including confidence and trade.”
”The swap arrangements were introduced to address stresses in U.S. dollar funding in overseas markets. Such difficulties can add materially to pressures in funding and credit markets in the United States and abroad. By taking this action to support dollar funding markets abroad, we hope to maintain the flow of credit to U.S. households and firms, reduce dislocations to U.S. financial markets emanating from financial turbulence abroad, and, by supporting foreign growth, maintain exports markets for U.S. producers.”
It seems that there is grave concern about the liquidity of the USD in global markets. Remember that each of the central banks listed ‘swaps” their currency for the USD. What are the current exchange rates for some of these foreign currencies.
They’re trying to save the fraudulent crypto currency in all of this BS nonsense. Signature Bank was Barney Franks baby, full of crypto frauds and they got bailed.