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”…
The Bankdemic Contagion is spreading.
Time for more face-mask mandates.
When they all come out and say, “Everything’s alright,” that’s when you know everything’s NOT alright.
Yep, like the coach has the full backing of management after an 0 and 10 start. 😂
I’m so glad my Brit hubby was not the person being quizzed on why he wanted his money, Dekester.
The trips from North Wales to Belmarsh prison for visiting would have been rather expensive.
It is truly astounding to watch fascism in real time!
Cheers Betsy, 🏴🏴🏴
Who’d have thought we’d be reliving what was tried nearly 90 years ago?
I pray the trajectory we are on does not mirror what happened then, my friend.
When they say the banks are sound and everything will be alright, it’s time to panic.
Take heart, dear Raised on Reagan.
“Biden” is consulting closely with Warren Buffet to sort this all out.
Many private planes have descended into Iowa today to fall at the “Oracle’s” feet for answers on how to untangle the incompetent Keynesian mess which no nothing financial “experts” have dropped us in.
All is well, all is well.
Betsy jones: Omaha.
Mea culpa. This I knew, billrla.
Have no clue why I said Iowa… Thank you.
I wish the edit time were longer.
It would be nice, but I believe it was chosen to avoid too much strain on sundance’s priceless servers.
He has educated us that editing is the most expensive process in bandwidth…
I did not know that. Thanks for the info.
Nor did I. Ill just have to be more diligent in my editing.
Buffet is 92 years old.
Yep…
Old predators are still dangerous.
Some much more than others.
Eerily similar to the trust debacle of 1907, where the financial world and Roosevelt threw themselves at JP Morgan’s feet, (over a weekend if I recall correctly)looking for a way out of a what was turning into a massive financial meltdown.
Morgan solved the problem but only after he got what he wanted. Roosevelt agreed to waive antitrust laws and Morgan consolidated his holdings in the steel industry, giving him nearly complete control of that industry.
Wonder what the Oracle is demanding.
Plenty I’ll bet. Soros operates the same way.
Thank you for that bit of history which I did not know.
The more things change…you know the rest.
History is not taught.
It was once upon a time.
One of the more insidious tools used to accomplish complete control is to separate people from their cultures and their history. To obliterate both.
So of course it isn’t now, in any accurate or educative way.
Yes, we are not taught true history. True history is hidden from us. I prefer the follow-the-money approach to history.
More accurate…and telling.
Representative Charles A. Lindberg (R-MN) – The financial system … has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of … a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.
Representative Charles Lindberg (R-MN)–This Act [Federal Reserve Act of 1913] establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed… The worst legislative crime of the ages is perpetrated by this banking bill.
Representative Louis T. McFadden (R-TX) – We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board… This evil institution has impoverished .. the people of the United States … and has practically bankrupted our Government. It has done this through … the corrupt practices of the moneyed vultures who control it.
Representative Louis McFadden (D-PA), chairman of the House Banking and Currency Committee from 1920-31 – said that the Federal Reserve Act that established a private central bank in the United States with a monopoly over the country’s currency [The stockholders of the Federal Reserve are] a super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.
Senator Barry Goldwater (R-AZ)- Most Americans have no real understanding of the operation of the international moneylenders. … The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and … manipulates the credit of the United States.
Henry Ford – “It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning”
In progress now:
“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.” — Georgetown University, Professor of History, Carroll Quigley, Tragedy and Hope
And here’s what happens to you when you stand up to the banking cartel:
The Assassination of Louis McFadden, One of the 20th Century’s Most Prescient Men
https://www.winterwatch.net/2023/02/the-assassination-of-louis-mcfadden-one-of-the-20th-centurys-most-prescient-men/
In a speech in the House of Representatives in December 1931, McFadden accused Rothschild-affiliated Paul Warburg, one of the leading forces behind the Federal Reserve Act, of “having engineered the Great Depression.”
McFadden also claimed that Wall Street bankers funded the Bolshevik Revolution through the Federal Reserve banks and the European central banks with which it cooperated.
(And if you don’t know Paul Warburg: “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.” -James Paul Warburg, whose family co-founded the Federal Reserve – while speaking before the United States Senate, February 17, 1950)
More quotes from Congressman McFadden:
“It was not accidental [the 1929 stock-market “crash”]. It was a carefully contrived occurrence. … The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.”
“When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and industrialists … acting together to enslave the world … Every effort has been made by the Fed to conceal its powers but the truth is–the Fed has usurped the government.”
“Some people think the Federal Reserve Banks are U.S. government institutions. They are not … they are private credit monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.”
Just superb, Amanda. It took them that long to effect what is about to happen. And for what?
“For we brought nothing into this world, and it is certain we can carry nothing out.
And having food and raiment, let us be therewith content.
But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men into destruction and perdition.
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.”
~1 Timothy 6: 7-10~
Bread for the mouths of those who hunger for power over all else.
And again a reminder that Putin said the main purpose of the SMO was to keep the boot of the Rothschilds off the neck of Russia
Yes. All nations need to do the same. Former Congressman Dr. Ron Paul (the one who woke me up to this) is working behind the scenes, encouraging people to support Massie’s audit the Fed bill.
But just yesterday, I saw this video clip with G Edward Griffin and he said forget the audit, just ABOLISH IT!!. It’s a private cartel operating against the public interest.
Did You Know This About The Federal Reserve? by G. Edward Griffin
https://www.bitchute.com/video/KmBrnBjf04Kw/
I honestly don’t know how we the American people rid ourselves of the Rothschild banking cartel. In the comments to that video clip, someone noted that they killed to get it established and we will probably have to kill to get it abolished–these people are not going to go away easily. And now they are the most powerful people on the planet (see Larry Romanov article at unz The Richest Man in the World, which is all about the amount of wealth these banking families have amassed with this fiat money scam–for the Rothschilds, they are worth trillions). And I think this debt based model of banking has been going on for 300 years, starting with the Bank of England and then taking over nation after nation.
I return to this from a Dr Sowell interview.
Interviewer: If we abolish the Fed, what do we replace it with?
Dr Sowell: If you remove a cancer, what do we replace it with?
Succinct.
Sad that as of the moment this comment only has six thumbs up
Yeah, I keep trying to share info on the Federal Reserve–this has been deliberately hidden from us. Here’s another politician who spoke out–and a Democrat, what a surprise:
Representative Wright Patman (D-TX) in the 1960s – In the United States today we have in effect two government. We have the duly constituted Government. Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.
J.P. Morgan, the man who would be Mr. Potter in ‘It’s A Wonderful Life.’
Fwiw- In his documentary The Money Masters, Bill Still says that the bankers orchestrated the 1907 Panic, so they could then offer their solution of the Federal Reserve (so as David Icke likes to say problem-reaction-solution)
Partly, the incompetent Kenyan’s mess, also.
Perhaps we will begin to groups of masked men visiting these ‘banks’ soon in desperate anger.
As long as they only leave with around $900 each, there’s no penalty, right?
I know a lot of liberals who will be doing face palms.
The bankers basically looted the deposits and loaned out 10x money on frivolous loans ($80,000 pickups, overpriced houses, etc.) knowing the ponzi would come to an end. The end game is to loot the taxpayer again like 2008, which is why JP morgan folks are all connected to Biden. Biden had to steal the WH in order for Yellen and the other crooks to coordinate (which she has admitted in interviews) the Bankers taxpayer looting once again.
Wrap your face in a Benjamin, cause it will not be worth S&%t in a few months.
The banks are failing, Ukraine is losing, the economy is fubar….
Quick Arrest Donald Trump
Squirrel!!!!!!!
Yep. That’s it in a nutshell.
Remember the map of yellows and greys…..
Yeah. That!
Strong indication of the ridiculous Build Back Bs nation’s financial system being dead and not fallen over yet
Yep. Spot on all along!
The cross border / regional agreements scream centrally controlled or interrelated digital currency.
Been watching Mejico….just as you said.
NOW we need to send troops…
This whole scheme to enslave humanity could have worked if NOT for that confounded map. If the yellow was certain to increase no problems on the Homefront. But its likely to decrease given the unfolding of current events and maybe even peel off some key allies in the process.
This leaves us (citizens of Yellow) in a very dangerous predicament. Heard this euphemism “Don’t call for the fall of Carthage if you live in Carthage.” Unfortunately I do and Carthage must burn. It’s the only way.
Scary, but true. Lots of prayers for the innocents and a better world.
So I should put money in a bank in Costa Rica?
This has the feel of jacking up the failing structure to reinforce the foundation of popsicle stick stilts with a supporting substructure made of toothpicks.
I’m totally lost
I tore down my Ukraine decorations and put up my bank collapse decorations.
Then I tore those down
And put up my Trump in jail decorations
And your telling me I have to tear those down and put bank collapse decorations back up?
On another note where did I put those Balloon decorations 🤔
That’s OK
Chef Boy RD will save us!
Start making plans for your Global Financial Collapse Watch Party… and by that I mean: buy your Chip ‘N Dip NOW… before it’s too late.
Thanks for the early tip. I have a bit of time to decide what to wear.
Might be time to dust off the NBC suit? 🙁
Oldjunkfixer, that was so funny…spit out some of my wine on the darn keyboard. The absurdity really isn’t funny but you made me laugh when so much has made my normally controlled blood pressure rise!
Enjoy the evening.
You forgot your Covid decorations, the deadly vax decorations and your train derailment decorations. I’m sure there’s other things I’m missing LoL
Ask Benny for a bottle of East Palestine water. Send to Petey, c/o DOT
Always appreciate the humor that Treepers have – this was *very* funnneeee LOLOLOL
now that is funny
😂 We gonna need a larger porch!!
You forgot the train derailment decorations in there…
LOL
Save yourself some time and put up your 2020/2022 election fraud decorations. You can keep those up for quite a while when considering 2024 results! Decorate smarter.
1st Quarter earnings statements coming out in April along with key economic and labor data.
Carnage on the horizon. Layoffs & civil unrest in the horizon.
Liquidate, store cash, food, supplies before hyperinflation.
Keep cash deposits under $250k per each individual account (not necessarily per person), FDIC insured only.
Energy, commodities, precious metals, oil, natural gas, if any equities.
Can’t buy groceries with gold coins.
You might be able to with junk silver.
No, but you could trade the BLM crew your iphone.
I’ll bet they’ll have groceries.
Depends on the price of the groceries.
screw the grocery stores
there will just be slim pickins there
if I get hungry, I know where the rich democrats live
I will bring many hungry friends
they won’t mind sharing
Bring lots of bbq sauce, long Pig is a bit gamey
Yeah, but the wine cellars are good.
Correct. Gold is to preserve your wealth. You should already have planted a garden though. My tomato plants are 5ft tall right now, how tall are yours? Don’t rely on the stores for food.
Our yard is still under 5 feet of snow here in northern Minnesota. Our earliest “safe to plant” to keep from freezing date is usually May 20th, but last year we had to wait until the second week in June to put anything outside.
We’ll be eating tree bark and dandelions when all the other food runs out.
Then you need a buried greenhouse.
Make sure you can pay the ever escalating property taxes on it.
Always remember with land, if it don’t produce, it can be a liability.
And, you never actually ‘own’ the land. You buy a ‘bundle of rights’ to the land as long as you pay the local property tax.
During the Great Depression there weren’t trillions of $$ of derivatives and credit default swaps owned by the banks.
Today there are. It’s the reason the “elites” panicked in 2008. There’s not a sovereign that can backstop the banks if the entire sector blows.
I’m not worrying about property taxes at that time. I’ll write a worthless check and let them find cash in the smoking hole of the bank.
Land is still too expensive IMO. Its also only as good if it can be protected in a very tumultuous time. Don’t over look BTC. I have been against until last week. Been waiting for my funds and now its $28k 🙁 And I know damn well as soon as I buy its going down lol.
Serious…if you do buy it make sure you take it off the exchanges and put in a wallet. Ledger Nano S on Amazon $80 will do the trick. Taking it off the exchanges is vitally important. I remember last year Putin said he would accept BTC for oil. There’s a good chance the future belongs to Eurasia.
I wouldn’t buy land just yet. The price will collapse in the next 18 months and then you can pick land up at $4000 an acre. This couple are self sufficient on 11 acres, and this is an ideal way to do it
Sounds like a future story about social security
Same business model.
The more they announce and do, the more credence that we are in deep trouble.
Over $2 quadrillion in derivatives (interest rate swaps and credit default swaps mostly) out there, waiting for the pinprick which kicks off attempts at settlement.
Does anyone think raising dollar interest rates affected interest rate swaps? Or maybe counterparties of Credit Suisse in the swaps are now looking at their portfolios and thinking they need to revalue their securities?
Whoopsie
We just walked by a local currency trading store here I Southern British Columbia.
Your $ is worth approx 1.35 ( Can) now our dollar is in the tank for many reasons.
However that your $ is approximately 35% higher in value makes no sense.
The U.S. just prints paper..( we too of course) but we don’t fund wars, are energy rich, plenty of food too.
Sure we are a socialist nation, but IMO your banksters are creating a true sh*t show.
My money is on BRICS..
Cheers!
The Elephant In The Corner happens to have a MBA from Harvard… it’s all nonsense…
Paraphrasing…
Whenever there is a disaster, there is always a man from Hahvahd in the middle of it…
…so said Thomas Sowell (but he actually said “Harvard).
You can always tell a Harvard man. You just can’t tell him very much.
Haha….I’d forgotten that one.
Or a woman: think Amy Bishop.
Woman? They still allow them in Harvard?
Not for long!
LOL! Did you know that Harvard University came up with the plan for the Soviet Union to transition to capitalism in the 1990’s and Yeltsin tried to put it into effect? It was a total disaster.
Jeffrey Skilling is a proud alum.. always The Smartest Guys In The Room…
Dekester: Whether the US dollar’s premium over the Canadian dollar makes sense is of no consequence. What matters is that banks would rather hold US dollars than Canadian dollars, because the US has more printing presses than Canada.
The reason is the Canadians have to buy US Dollars to settle certain international accounts, the US doesn’t, they can just print theirs. Being the reserve currency has its advantages.
“Being the reserve currency has its advantages.”
Yeah, we’re gonna figure THAT out right quick, I’ll tell ya what…
Well I wonder how much longer that will last.
America will have the biggest crash in the world. The dollar is worth nothing. It is a fiat currency back by empty air.
So are most currencies, especially the yuan, right up there in helium territory with the dollar.
When the dollar blows, so will most countries. The ruble may be the best of the bunch at this moment.
“The ruble may be the best of the bunch at this moment.”
Did you know Putin put a ruble-price floor under gold?
https://www.rt.com/business/553099-gold-backed-ruble-gamechanger-west/
“By offering to buy gold from Russian banks at a fixed price of 5,000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.”
I bought a couple hundred dollars worth of Rubles last year just to have around in the event it grew in value while our government torched our financial system.
It may have been a foolish waste of money — but maybe not.
We are diversifying in many odd ways these days.
I did, the basis of my comment. Not to mention that Russia is fairly self sufficient. Demographic disaster, tho, they’ll need to do something because their population is shrinking fast.
The yuan is backed by a manufacturing powerhouse. The USD is backed by its military prowess which is not demonstrating much prowess in Ukraine with a NATO-trained and US-funded Ukrainian military.
NATO = the US.
China imports almost all its raw materials. They have no energy industry. They import 60% of what it takes to feed their population. Their demographics are really bad over the next 20 years.
They produce exceptionally shoddy goods and are one misstep away from another revolution. There have been huge protests over lockdowns, by a very repressed population.
Their governments from local to regional are in so much debt it makes us look financially savvy. They rehypothecate most of their raw materials many times over.
So no, while the US is way down a bad path, China is teetering on the precipice of worse IMO. And if the US goes, they lose half their export market. What do you think that does to their economy and social stability?
Yes it is, and sadly they are now taxing air!
Yes, you have food. Its the largest cricket production plant in the world! Grab seeds
Wonder how the loclas will like it when the “animal rights” types break in, open the cages, and leave the doors open!
🙂 🙂
But we don’t have poutine.
Neither does Dekester, he’s in BC!
your government funds many things I bet you don’t even know about
back in the 70s inflationary Trudeau era, the Canadian dollar famously rose to $1.05 US. Jude Wanniski explained that that was because Finance Minister John Turner indexed Canadian tax brackets for inflation, ie refusing to allow savings to be evaporated.
But little justin is destroying our energy independence, is implementing the same daft policies that Netherlands are trying regarding food production, sending money and materiel to the 404 country….
No, this country is is horrible shape all on its own.
I really wish I understood what you wrote. Unfortunately, it’s all`Martian to me and I’m hearing Martian everywhere –
The only thing I know is that someone is going to be right and I’m going to be poorer.
Yep Banana-land in the Banana Republic.
But Bananarama still rocks!
A rotten banana republic.
Covered with nuts and make a banana split.
Talking North, walking South…or vice versa.
Banks sell each other what amounts to insurance contracts against certain kinds of losses. “If interest rates go up and my loans go down in value, Joe’s bank will pay out on the insurance I bought to make up for the loss.” It’s all cool until some large institution fails and everyone starts trying to collect on the insurance. Defaults can cascade through the system.
There’s history of this happening. AIG Financial Products in 2008, which required the US government to pump in $182 Billion. Credit Suisse: “Credit Suisse Group total assets were $826.957B in 2021.”
The $182 Billion in 2008 was to prevent tbe cascade from AIGFP.
Bad choice of words. It didn’t REQUIRE the US govt to do anything. The rulers in the US govt decided to bail out their friends and benefactors, to the detriment of everyone else. AIG should have failed.
Hold off on paying attention to the Stock Market for the next… ohhh… ten years or so. The rest has to play out first. So that’s one variable to not worry about, at least…
The Looming Quadrillion Dollar Derivatives Tsunami
“Financial Weapons of Mass Destruction”
https://www.globalresearch.ca/looming-quadrillion-dollar-derivatives-tsunami/5811784
We have become accustomed to cheap easy money. The derivative market is gotta be unfathomably huge. Think of derivatives like an ETF (best example). This is paper which Wall Street uses to manipulate prices of everything including commodities. Think of Gold ETF’s, some go long and some short. This is pegged to the physical metal itself. Now understand these derivatives are everywhere and for every reason. Now imagine a derivative created to bet either for or against a stock, currency or commodity, precious metal, cryptocurrency, etc…..you get the idea just how big this market is.
I am not a financial genius. In fact, I am a financial moron but if I am misstating what I just said about derivatives or the fact that this current situation with banks is mostly about US Treasury bonds (raising rates) please enlighten me. If I am not misinformed then we are heading for a rough picnic.
IN FACT!!…..Keep your eyes on PDJT arrest (lol I know you will). If they deny him bail have a bad feeling they are tying up loose ends. Doubt they want him loose barking commands to the masses if things get crazy. I am NOT suggesting this is the case….NOT YET!
PJDT…consider this food for thought…
….as a successful builder of income producing properties and am sure just by the nature of the beast, he has dealt with foreign investors and foreign money and monetary systems. I am sure that over the decades, he has aquired a working comprehension of the money system. Which explains a lot.
He went to Wharton. He knows.
Our founding fathers said it well: The only thing more dangerous than a standing army is a central bank. Thus, The Creature from Jekyll Island. AKA the Fed.
Quantitative Easing 1-2-3-4-5-6-7…
Get the presses rolling boys.
South Park
Makes about as much sense.
I was just watching this guy’s 10 min breakdown on current situation with the daily liquidity swaps.
Why is Kevin wearing a suit at a ski resort?
Why is he still on Youtube after schilling for FTX?
The FED goes to zero rate hikes after a 1/4.. then printing causing inflation…… RAising rates IS the reason to TAME inflation. They don’t tame inflation, welllll.
Explain that please. Oh I know,.
BENDOVER is coming
Maybe it is his snowsuit.
Similar to the tuxedo t-shirts from days gone by?
🙂
In late summer the manager of the credit union I use told me that they were bringing in cash for just this reason.
Those dudes have forecast this for a loooooong time. They’ve just been kicking the can.
Banks are pretty much all doing cash rauses, asking customers to buy CDs and so on.
Can bail-ins be far behind?
No wonder the interest rates on the CD’s are getting better. That and the feds rate hikes.
WHY in the world can our government NOT leave us the hell alone!!! We can do just fine without them! (I know…I know) /smdh
Too late…
US dollar liquidity? They created $ 9 trillion out of thin air. Where’d it all go?
The criminals divided it up!
And
10% to the “big guy “
The war machine
Where did it all go? Ukraine to be laundered, then sent to off shore accounts for our representatives and their cronies. They’re, (the DC Cabal/Mafia) is literally looting the U.S. before our very eyes and laughing all the way to their Cayman Islands bank accounts.
The United States has become a printing press masquerading as a country.
Well… we DO print U.S. Dollars well, though… so we got that going for us…
Baghdad Bob has/had more credibility than the enemy MSM. You can be sure they were spraying their horse twaddle back in 90-91, you know, “this aggression will not stand” crap they fed us. 33 years later still blood in the sand box.
Yup. Yup.
Americans, and many other people across the globe, took money out of the banks last week.
The banks are in trouble, which means we are in trouble.
After listening to Yellen state that some banks will be bailed out and not others caused this. Well, that and their goal to herd us to the national and international banks in order to implement CBDC sooner rather than later. It’s all part of the plan.
The inmates are running the asylum.
I’m predicting some sort of widespread, rolling internet “glitches” this week which will take most online banking offline .
Late last week there were a number of online discussions about digital bank runs and how quickly a panic might spread in the age of social media. And now this…
The FED created $ 9 trillion USD with a few taps on a keyboard. Are we saying now that there isn’t enough dollars in the system, that they have to be swapped from one country to another to cover for an insufficient amount. This system is surely going to implode.
Not really, the currency will implode. Bank holiday on Friday, when banks open Monday we have an adjusted currency with the new currency 1 for 10. Friday your account had $100,000, Monday it’s worth $10,000.
Don’t feel alone, Lebanon just did it, hell Venezuela lopped off 3 zeros last October. That makes 14 zeros since the Socialists took over in 2002. The Bolivar used to be 13-1 to the dollar. It’s now 2.5 million or so to the dollar now. Nothing new under the sun, especially when it comes to governments wrecking their currency.
Does that mean the $100 bill in your pocket will now be worth $10? Or is it the “money” in the bank only that will take that kind of drop?
The $100 bill will be worthless in the conventional sense, you’ll have to redeem it at the bank for the new currency. Or a period of time to use and/or redeem. But yes, the “old” dollars will be divided by 10 in any new transactions.
Well, there’s about 19 trillion in individual checking and savings accounts in the US and if the FDIC insures all of that for the full amount, there won’t be enough cash on the entire planet to pay for it, not to mention the inflation printing that much money would cause. Weimar Republic, here we come. Got my wheelbarrow all ready.
FDIC actually doesn’t have funding to save all deposits at even one of the larger banks, I read today. As for SVB, check this: Biden’s Bailout of SVB Saved China, Gavin Newsome, Buzzfeed, VOX and BLM | The Gateway Pundit
Banking, currency, and inflation crises?
How fortunate the central bank digital currency solution exists to solve all of these coincidental, organic, unforeseen, not-self-inflicted economic wounds in one fell swoop.
My advice, is buy precious metals and preserve your wealth. Forget the 401K
I’m wondering what we should all be doing with cash – pull it out and bury it in the woods, pay as many bills as possible as far ahead as possible, convert it to hard assets and food?
My personal opinion is yes, yes, and yes. Don’t forget the projectile type of hard assets.
Freedom seeds…
This. Plus a full pantry and propane tank.
Don’t bury the cash. Cash is trash. Read the stories of how people in WW2 Germany were having to take wheel barrows full of cash to the grocery store to buy groceries and they were getting the wheel barrows stolen.
Metals and food. Silver coins and the most precious metal of all, lead. Don’t pay off the debt. It actually becomes cheaper with the depreciation of the currency. Run away inflation benefits the debtor and guess who’s the biggest debtor of all? Yep, your uncle.
what kind of silver coins???
US currency. Pre 1964 dimes, quarters, fifty cent pieces, and silver dollars.
Yep – pre 1964 dimes, quarters, fifty cent pieces, and silver dollars are actually 90% silver.
There is quite a market (especially lately!) in these – and it’s known in the trade as ‘junk silver’.
Often, the coins are quite worn, and so not of any value to collectors – but the ‘melt’ value is in the fact they are 90% silver.
And easily recognizable as 90% silver US coin. Harder to counterfeit than silver bullion.
This is where I’ve been buying for years.
Delivered to your door.
A better price if you can buy larger quantities.
https://www.jmbullion.com/
Unless you’re a collector the coin doesn’t matter. Just get pure silver by the ounce, or larger. The largest I go is 10 ounces.
The idea is that small denomination ‘junk’ silver (like dimes and quarters) will eventually be usable as REAL money, once the paper scrip we’ve been using as money is realized to have all the value that the ‘Full Faith and Trust’ in the US Government is actually worth. A pre-64 dime is worth somewhere in the neighborhood of the ‘cost’ of a loaf of bread or so. Until the idea is ‘normalized’, think of it kinda like ‘bartering’ for what you want, using small pieces of 90% silver…
Using junk silver is WAY easier than trying to do the same with gold – because gold is worth SO much more.
Silver is currently trading at about $22.50/oz, and gold at $1981/oz.
So –
a 1 oz gold piece is approximately a mortgage payment, while
a 1 oz silver piece is about enough to buy a modest meal.
The only problem with dealing in ‘precious metals’ is – since you can’t eat them, you need to be able to find someone that’s willing to accept them in payment for whatever it is you want. That will be MUCH harder than current ‘paper money’, as that is generally accepted – even now. 😉
However – there’s no ‘standard’ silver or coin mints – that are universally trusted. Anyone have a touchstone to test a buyer’s gold or silver coin with – to make sure it’s ‘real’? And fine weight scales to make sure they are ‘accurate weight’ (not shaved)? Bartering *things* that are of value (shelf stable food, tools, and the like) will happen before other forms of currency become generally accepted, once the ‘US$’ becomes so much pretty printed paper.
Don’t remember when it was, but the last time our government called in all the silver the one type of silver individuals did not need to turn in was American currency.
That is why we are encouraged to buy old junk silver coins today.
Plus it has an actual “amount” per coin, making it easier to spend when the crash comes.
Your 1963 Kennedy dime might buy a loaf of bread. . .
I buy at APMEX and JM Bullion
American Silver eagles
Silver Buffalos
I mostly now buy 1 oz. though in the past I bought smaller coins for barter (1/10, 1/4 and 1/2), but now the fractions are more pricey.
I’m not pulling any punches buying equipment and supplies and infrastructure to become self-sufficient. Of course, the way things are going, I’ll just manage to make it and the Chinese Army will come in and move me to a concentration camp for roundeyes.
Absolutely! Do all those things, but don’t bury cash.
The most important things for you are water, food, and bullets.
Pay off anything you can, pay bills early. Trash pick up for example – ask if you can pay for the rest of the year right now. Get car/home repairs done. At least your money isn’t wasted this way.
@DC_Draino
6h
This is why they’re distracting the country w/a Trump indictment
They’re *desperate* to get people to not focus on the fact that the US financial system is effectively insolvent
Banks hold over $600 Billion in unrealized losses
If everyone tries to pull money out, it collapses
And that’s exactly what is happening and has been happening. A slow roll bank run. Only, this past week was a doozy.
I think it was here on Treehouse that there was a run on banks in Canada last year. I regret that I can’t recall who it was that called up the government to raise kane, only that bank managers across the country were phoning their bosses that people were cleaning out their accounts.
I did that, I leave a bit of cash in the account to pay a few monthly bills.
I commented on the bank runs as I and many were doing the same. It was during the Trucker Convoy peaceful protest. The GFM started with this, our names and locations were released. Fidel Castro’s son froze bank accounts, hell broke and the runs began. TD was in turmoil as people were withdrawing cash, hubby and I included. It took us a few times to get our cash out. Banks were calling the government to stop the insanity with freezing accounts. Yup it was insane, but we never did put ours back. Michael, we do the same pay our property taxes, gas, and hydro that is all that we leave for in the account.
Banks wanted to give us bank drafts instead of cash, no way, we did have to wait a day or so but got it. That was a very concerning time, last year, as some retailers and grocery stores did not want to accept cash, due to cv, but we told them that is all we had, not true, however they took the $$.
so it’s all really gone South since the start of 2022
does that correspond with the start of interest-rate hikes?
I reckon so, or nearly so
actually, it’s all truly gone South since early 2021
that would have coincided with Dribblin’ Joe’s coronation and start of his economic-disaster policies
— clamping down on hydrocarbon energy and fuels
— driving inflation up to 8% CPI (22-25% on many foodstuffs, home heating oil, etc)
— basically, killing the economy
then 2022 started and the interest-rate hikes apparently tripped up the banks’ investing strategies that had apparently been strongly dependent on the zero-interest-rate environment
and Sundance has pointed out that they’re chasing the wrong dog with these interest-rate hikes anyway (the inflation is not demand-caused inflation that would respond to rate hikes, it’s supply-chain inflation reflecting the increased costs of fuel and shipping)
people have said bonds this or bonds that or bond market collapsed
but I don’t understand that tie-in, can anyone explain concisely?
The “gone south” bit started well before 2022… it’s just that it was all hidden from view by Finance Magicians and their sleight of hand Parlor Tricks… we’re in the Fat Lady warming up phase now…
And this may be the main reason why Russia has seemed content at fighting a war of attrition. Get the West to go crazy with sanctions and then protect the dollar as the world reserve.
Nobody can know the answer but it is possible being that both Russia and China seem to be run by rational and intelligent human beings. The West is obviously not. Its run by narcissistic people with the emotional intelligence and maturity of a ten year old.
If they deny him bail we will know why. Not predicting this but something to keep in the forefront. Means all hell is getting ready to break loose and they want DT under wraps.
Again….we will see what happens. Have seen this graph and it coincides with what I have been saying about the US Treasuries if I am reading it correctly. And this graph doesn’t work for too long if it is indeed accurate.
Does “the standing liquidity of the U.S. dollar swap line arrangement” mean that the US is funding banks in these foreign countries should they fail and we the taxpayers will prop them up?
Is that how we try to salvage the USD as the reserve currency?
What is the purpose of the dollar liquidity swap lines?
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.
https://www.federalreserve.gov/newsevents/pressreleases/swap-lines-faqs.htm
yep, sucker – oops – protector of the world
Think 3 card Monty.
I was thinking of cards and houses built of them.
Fund the card house with a Ponzi scheme and your three card Monty.
global financial system = giant ponzi
“Zero trust.”
Right there, the main problem. Politics.
The social contract is ripped apart and they started it.
AI machines dominating the world’s share markets and commodity markets. Since the success of ALADDIN at Blackrock they are all in the AI arms race to take out all independent traders and smaller banks.
Everything is on the table.
Zero trust.
Its good to motivate yourself …………given this climate……..
I have been taking 5K out of each of the banks I use on a rotational basis for some time now…….. the reason is that whenever I ask for more they give me a third degree on ‘What do I want my money for?”
Yep you need to tell them why you are withdrawing monies from your own account……
Last Friday I added another five to my safe all sealed to protect it from air in those food vacuum machines…..another couple of months and I will be down to lose change where I have accounts……. cos its all going belly up soon
“you need to tell them why you are withdrawing monies from your own account……”
I’ve heard this from other people, including business accounts, but every one of them banks at BOA.
I get $10K every other month at my bank with no hassle.
It is true. My hubbies bank has done the same 21 questions games. What are you going to buy, what are you doing with it….he has come home a few times hopping mad!
Hubby says, next time they ask he is going to tell them he is going to go Vegas and buy a bunch of blow and hookers!
Indeed, we here in Canada get questioned about withdrawals over $5000. We told them we were renovating a couple of houses and they asked to be paid in cash. I don’t know if they are still doing it, but they were flagging anything over $5000, probably still are, don’t care now. All of our banks here do the same.
It’s because of drugs. Drug dealers do business in cash for obvious reasons.
One of the reasons (excuses) given for moving to a cashless society is that, quite magically, all crime will cease.
…and also quite magically (and coincidentally, I’m sure), nearly all dissent with the current ‘regime’ will cease as well – as soon as examples are made of those the don’t comply.
How? By essentially ‘turning off’ their ‘cashless’ money (i.e. – disable their debit/credit cards/bank accounts).
Unless you are self-sufficient and live off-grid – this essentially makes you a non-person. You can’t buy food, you can’t pay a mortgage, you can’t get paid ‘under the table’ with cash – because cash doesn’t exist. You can barter, you may be able to participate to some degree in an ‘underground economy’ using precious metals (including brass and lead), but a ‘normal life’ would essentially cease to exist – if you come under the cashless society overlord’s scrutiny. It’s not a pretty picture – unless you WANT to become an outlaw. The kind that might have to do some pretty unsavory things – just to survive. Get ready for it – it’s coming.
More like only approved crime will continue.
Is that kinda like how safe Chicago is with all their “gun control” nonsense?
“The Raft of the Medusa” Théodore Géricault – A Romanticism Analysis (artincontext.org)
Great informative analysis on that link. Thank you.
A salient article:
“European banking regulators, regularly been criticized for last minute, kick-the-can interventions, are finding out how the US rules-based order of “we get to rewrite the rules when we feel like it” works in their arena.
From the Financial Times:
“Mind you, the Europeans are not being hypocrites. They forced the unsecured depositors at Cyprus bank to take 47.5% haircuts in its banking crisis. …”
“...And they are not shy about calling out who bears the cost. Again from the Financial Times:
“So not only are the bailouts an effect of rising wealth concentration, they are going to make it worse. Nicely played.”
See:
https://www.zerohedge.com/personal-finance/were-bank-bailouts-result-rising-wealth-concentration
And so…the corruption continues!
“The US has claimed SVB’s failure will not hit taxpayers because other banks will cover the cost of bailing out uninsured depositors…”
This means the largest banks are taking OUR DEPOSITS and sending it to SVB to pay uninsured depositors.
Precisely!
It is the old sleight-of-hand shell game played with banks!
W.C. Fields voice: “Ah yes, trust me, you won’t lose a penny in this game!
(Mumbling) But you might lose a $20 bill!” 🙂
How ’bout them Rothschild’s!
Now that you mentioned it…..
The revolutionary war was an armistice, not a victory and in many ways a surrender. Just 2 years after the constitution was enacted the Rothschild Dynasty, got its first 20 year Charter under President Washington in 1791.
In 1811, under President James Madison, the United States refused to renew the Rothschild Bank Charter, and the enraged Rothchild clan, who controlled the Bank of England, demanded the Royal Navy and Army invade America. Recall, they burned the White House to the ground.
In 1816, Madison relented and the second 20 year charter of the Rothschild Bank of the United States began only to be shut down by President Andrew Jackson in 1836. Jackson was the only US President to run a government surplus. He also survived an assassination attempt when 2 flint lock pistols failed to fire. However, the Rothschild Empire began the planning of its next war, the American Civil War. When that ended and Lincoln refused to surrender the “Lincoln Greenback” and replace with a Rothschild currency, he was assassinated.
As long as the Rothschild Banking Cabal exists and controls America’s Central Bank, the only victor of ALL conflicts around the globe are THEM. They are the International Deep State Shadow government and NWO conspiracy who control American politicians, through secret societies, subversion, assassinations, control of media, endless wars, all industry, capital, etc.
In short if candid facts ruled outcomes, the plain truth would be, we lost the revolutionary war.
YES!!!!!!!!!!!!!!!!
And on the Revolutionary War, I heard something similar from a guest (Dr. “KL”- pseudonym) on episode 256 of Crrow777 radio. KL also said that the early US government never paid off it’s Revolutionary War debt to the bankers and kept pushing it off into the future (so banking cartel got its claws into America right away). He says that there have been other “resets” (with reset meaning a restructuring of the debt) in the past, at key historical events. And at such times, the US govt would not be able to pay down the debt, so it was pushed off into the future and the govt had to put down more and more collateral (he even says that we are collateral). I’ve listened to him on other show, as well as others who have similar information. KL also says that in addition to capturing the nation with debt, they also takeover with legal trickery and trust agreements.
Anyway, if anyone doesn’t know the history of the banker takeover of America, IMO the best documentaries on that are Bill Still’s The Money Masters and Aaron Russo’s America Freedom to Fascism.
Book: “They Own It All (Including You) By Means of Toxic Currency”
http://newpeopleorder.com/
“Europe’s financial regulators are furious at the handling of the Silicon Valley Bank collapse, privately accusing US authorities of tearing up a rule book for failed banks that they had helped to write.”
Yeah?!? WELL, WELCOME TO OUR WORLD!!!!
I remember the movie “Airplane.”
One great line in that flick was when the flight attendant said, “Alright everybody. Get in your crash positions.”
They all started freaking out and jumping all over the backs of seats in pure panic.
We should all now likewise assume “(bank) crash positions” and start running around like our hair is on fire, screaming in pure panic.
15 days to stop the spread!!!
Biden financial crimes being exposed, the banks failing, the open borders, fentanyl deaths on the rise, protests in France, Mexico yesterday declaring it was not a colony of the US to huge crowds, west is losing in Ukraine, Iran/Saudi Arabia alliance.
So, Trump indicted or arrested and people suddenly drawn away from what is most affecting them directly. Not to say that the arrest or indictment of President Trump is not worth our attention, but we must keep our eyes on the ball in the other hand.
The first vid speaks to the $42B in bank withdrawals at SVB in 48 hours prior to collapsing due to a tip off by congressional members of the House and Ways Committee in possession of the Pandora Papers naming politicians and others connected to the money laundering by US drug cartels who parked their money in SVB. SVB has a DIRECT CONNECTION to New Hampshire and the crooked Jean Shaheen, her husband and Maggie Hassan. Sununu is also involved.
The first vid goes fast, but repeats the content so the viewer can mentally process it. There is some unrelated content at the end I don’t agree with but that’s not the point and don’t get caught up in it. The content related to the bank, the drug cartels, the politicians who cover for them is what is quite interesting.
Then the 2nd vid is an interview w/Mike Gill, who lost his bid for governor in NH but the video is most relevant starting around the 32 or so minute mark. He ran for governor of New Hampshire and nearly lost his life trying to expose this. The second video is not to be missed, but you need the first video to understand the case he is building regarding the drug cartel sudden withdrawals that caused the SVB banking collapse. He also states he informed Sidney Powell and Gen Flynn about this before Jan 6 to explicitly pass to Trump so that Trump would have leverage for his re-election vote in the electoral college but Gill has no idea if this info was passed to Trump as he requested.
——————————————————————————
“Silicon Valley Bank Collapse
The real story: you will not believe the truth
The collapse is related to the Pandora Papers which is much bigger than the Panama Papers
https://www.bitchute.com/video/IFkX7E37jbxB/
This video link with Gill is riveting. And finally, I understand the statement made by a certain entity – “We are saving Israel for last.”
I missed it… when was that said, and in what context?
Letter of the alphabet
Fascinating. Thank you.
Wow, thanks for posting!! It’s hard to keep up with everything. I think I’ve heard about Mike Gill before–it sounds familiar.
And on US drug cartels, very interesting–I’ve suspected that was the case.
Some very interesting datapoints, that’s for sure… whether or not you agree with some of his larger speculations. The bits about New Hampshire are freaking crazy, but definitely make sense. Silly side note: I used to work in that building at 10 Post Office Square when I did a brief stint at Putnam Investments back in ‘03.
Definitely going to pass this along… I know a couple of folks who will be VERY interested in this… thanks!
Most based teacher ever.
Every teen and millennial should watch this guy. Perfect explanation of what is going on with the banks and the slide into digital currency. Excellent video –
Very good..easy to understand too. . thanks for posting!
Easy Pro-Tips To Stop Bank Failures and Inflation:
1: Increase Oil and Natural Gas Production while Approving New Pipelines.
2: Stop the Mindless and Unnecessary War in Ukraine.
3: Reimburse Russia and Germany $20 Billion to Rebuild the Nordstream Pipelines.
See how easy and inexpensive it is to jump-start the US and European economies, reduce interest rates, reduce energy costs, stop inflation and save hundreds of thousands of young Ukrainian soldiers lives!
Yes, exactly. And start up mid-size businesses, manufacturing, and increase production. While stopping competition from China, India, etc. with tariffs. Now, where have I heard this before? Yes, President Trump’s economic plan!!!!!!
but how does that help the deep state?
You would think that a booming economy, surging profits and rising stock market along with cheap oil and natural gas would benefit the deep state, too. A rising tide lifts all the boats in the harbor!
Obviously, a flawed plan. No 10% for The Big Guy.
There us no money only currency; which is mainly stored and exchanged via a global network of electronic ledger entries.
Currency aka scrip
Just have to ask where as a small business that has been very responsible with savings mixed but more in supposed to be safe banks move their money.
The wife and I turning 65 this year are starting to get worried about are future at this point.
If your are under 250k in your account you should be fine.
If over that split your accounts or even split banks to get under 250k.
If that still isn’t enough get an account to purchase 3 month t bills.
Concerning the future prepare by forward purchasing anything you will need in the next year, personal or business.
Second, look at your expenses, personal and business, and look at what is and is not important.
Become self sufficient in the rest and eliminate any short term variable interest debt.
If you still have wealth after all above purchase gold and silver coins.
“If your (sic) are under 250k in your account you should be fine.”
Upon what do you base your apparent assumption that the FDIC will choose to honor and be able to deliver on the 250k protection provision?
The only part of Neil Oliver’s discourse that is surprising is that he states he was shocked by the report of the individual’s story, being questioned about a cash withdrawal. Why on earth should it be a shock when things end up exactly where they have been headed for a long, long time? (That is not a rhetorical question. WHY?)
Anyone who is shocked by events and who still believes what institutions claim they will provide has apparently not been paying attention or has a serious information filter that helps them avoid seeing and hearing. I wish Neil Oliver would explain why that was shocking to him. His report certainly isn’t shocking to me.
The completely predictable events coming our way will have the most severe repercussions on the lives and minds of those who refused to believe they were coming.
So, it’s true that the FDIC insurance is gone after a few banks of moderate sized default.
My guess is they will payout right up to hyperinflation.
What you think of as money is only currency. Some ledger entry on a computer, is it not?
It only takes a few strokes on a key board, to making it just as good as millions working a lifetime for the same.
That is the true evil, is it not? This the revulsion you feel?
The only way out for net producers, and thus savers is to go back to Constitutional money, which should have no capital gains tax relative to currency.
CDIC covers $100,000, in Turdistan.
In theory you should be fine. But the FDIC only has limited funding to support all US depositors under the $250k threshold. The FDIC has declared it has funds to insure 2% of all depositors.
The FDIC does not realistically have funds to insure EVERYONE. This assumes the FDIC insurance reserve has not been robbed like the social security fund.
I am under 25k, and I’m still worried.
Last Monday I was at my (small local) bank when it opened. I fully expected the parking lot to be full with a long line of people waiting to get in. As it happens, I was the ONLY customer getting cash out.
But a lot can happen in a week. Generally, treepers are way ahead of the curve. So tomorrow morning, will be interesting to see whether I’m still the only car in the parking lot:)
The days are long gone when Loretta Young can save a local bank from failing, just by holding up the line until the bank closes for the day.
So physical cash is less than 1% of the currency in the system.
They don’t have 99% of that difference in some magic vault somewhere.
What you have is bank credit, ledger entries on a computer.
In the event your bank fails your ledger entries move to a new bank if you are under 250k, BTW a problem most could only dream of.
The more important question is, should this occur on a wide scale basis, what is the purchasing power of all this currency created out of nothing?
What is the difference between currency and money?
Serious question spaul,
Why is under 250k safe?
All accounts are insured by FDIC for up to &250k
In Canada the CDIC covers 100k, huge problem.
I had thought it was more than that…..
But yes, it is a *huge* problem.
It’s safe, because there is no reason to default in an environment of electronic ledger based currency.
The real default will be in terms of purchasing power.
Watch the physical gold and silver coin price at your local coin shop to discern the difference.
Sorry for being snarky but…where weee you in 2008 and the US Gov bailed out the world with your tax dollars and zero (negative) interest rates?
You didn’t worry or seek to understand what was happening then?
This crisis is just a continuation of 2008, which is a continuation of 2001… and on and on and on.
At some point, it will end badly.
Russia’s probably saying, “Sanction us harder, it’s working out really well!”
Biden admin/leftist energy policy front and center…
On the very first day the Biden puppet went after energy…
Energy security is economic security.
Economic security is national security.
Inflation is destructive when allowed (or manipulated) to rampage through an economy…
The “fundamental transformation”….emphasis on the ” mental”…
Continues…
Love that image of Comandante Wolf Blitzer
City National Bank emailed me and all clients that they are in great financial standing and “we believe they remain in excellent financial condition and have not been exposed to the aggressive industries (technology companies and crypto currency) that have had adversary effect on the banks that failed earlier in the week.” Of course they are owned by Royal Bank of Canada- so there’s that.
One of our banks, thankfully with a small account now.
Anyone here work for a big bank? Could you translate this Bank of International Settlements jargon because it sounds… stormy for the dollar:
pgs 69 to 71
https://www.bis.org/publ/qtrpdf/r_qt2212.pdf
“It is not even clear how many analysts are aware of the existence of the large off-balance sheet obligations. This makes it difficult to anticipate the scale and geography of dollar rollover needs. [$39 trillion] Off-balance sheet dollar debt may remain out of sight and out of mind, but only until the next time dollar funding liquidity is squeezed. Then, the hidden leverage and maturity mismatch in pension funds’ and insurance companies’ portfolios – generally supposed to be long-only – could pose a policy challenge.”
So imagine you, as a bank, had a 1 million dollar IOU to your drunk insolvent brother in law as an asset. Yah, it’s that bad.
In fact all real assets have 1ox owners.
Well all except gold and silver coins you hold directly.
They only have one owner.
Oh and by the way, they are real and they are spectacular.
So where does one buy gold from a reputable source? Are those coins sold at an equivalent price of buying an ounce of gold?
There is usually a ‘premium’ over the ‘market price’ of gold or silver coin/bullion. The amount of the premium is based upon a number of things – including reputation and size of the issuing mint, current stock levels and sales demand, and the like. Think of it as the price that there is a likelihood the coin/bullion will be easier to ‘sell’ later, in exchange for whatever it might be: food, assets, ‘new dollars’ (should one ever emerge after the dust settles), etc.
Goldsilver.com
Jmbullion.
The US gold and silver coins cannot be counterfeited in terms of key attributes you can measure at home.
For US gold it’s dimensions, weight, color and ring tone.
For US silver, it’s dimensions, weight, ring tone, and magnetics.
All coins are sold by Troy Oz of silver or gold.
Thanks spaul.
2cor1126: It’s obtuse mumbo jumbo. The Bank of International Settlements is a globalist money laundering operation that is not a bank and has no money. What they are saying is that it’s all someone else’s fault and they await orders from the higher ups to spin-up the washing machines. I realize this sounds smug, but, it’s the truth.
Without mentioning them by name, they’re talking about credit default swaps and derivatives.
If Trump is arrested there will be a run on every bank, count on it.
And if any harm should come to him – there will literally be hell to pay. This payment will be largely be born by TPTB, if you will – but more broadly by all of us – because TPTB will not idly sit by as they are ‘attacked’. Expect tyranny to ratchet up – making Covid lockdown look like a suggestion to stay home if you don’t feel well.
Buckle up Buttercup. It’s going to be an interesting ride…
Just 1% of MAGA would be enough.
“So here’s a question for deep thinkers. Think back to what we started with. Is the rush to cooperation and coordination that we’re seeing outside the collective West, the rush to construct an alternative monetary system, a transport network, etc.—is this because Putin and Xi and others see the end of the Neo-Liberal West, the end of Neo-Connism and all its works, its collapse as a dominant system, and the Russia and China preparing for it as best they can?”
Mark Wauck from Meaning In History <[email protected]> It’s free
The article is a must read for CTH members.
When the President breaks tradition, comes out early in the morning to tell us everything is fine, and then rushes out the door without taking any questions, it looks like there’s a run on his credibility leading to a credibility bankruptcy.
You mean the diaper filler in chief illegitimately in the Whitehouse?
Better known by Brandon or FJB?
The tyrant has the runs. FIFY
🙂
can’t Biden’s elves just print more? LOL
Of course they can. And we’ll get even more inflation. That’s why they were raising interest rates – in an attempt to bring inflation DOWN. So – if they do, expect your money to RAPIDLY lose value. Weimar USA, here we come!
Yes, they can, have and will.
But that doesn’t mean they will make you whole.
So that ended in 1913, was completely gone 1932, and could ‘easily’ be restored by eliminating capital gains on Constitutional money.
Yes this is more than incompetence.
I remember President trump at one of his rallies prior to the 2020 election saying that if Joe Biden became president we would see millions of foreigners come across our border, they have. I remember his saying that inflation would be at record levels, it is. I remember his saying that it won’t just be a recession but a devastating depression that will be worse than the great depression of 1929, it’s obviously coming. President Trump has been right about EVERYTHING!!!
😂 🍿 😂
Au, Ag, Pb.
Value = 0 unless one is discussing “industrial use” value.
As you say … Au (Gold) or Ag (Silver) now = Pb (Lead)
Values in any system, short of a barter system, are assigned and arbitrary.
Not true. The market place determines the relative values of all things at that time, including what is the most tradeable good globally at all times.
Internationally it has always been physical gold.
Seriously you think any government IOU, paper or electron, can compete with that standard.
I say 10,000 years of human trade says you are wrong.
Riddle me this batman …. how do banking masters of the world, BIS (Bank of International Settlements), rapidly move “value” (aka money) from place to place without worrying about “conversion rates of value” held in “computers” and moved “digitally” across national boundaries??
… wait for it … why of course … gasp and duh …. a common world digital value (aka money) system … with value defined by the Board of Central Banks (i.e. the BIS).
BRICS will signup for this decision because it puts everybody on equal economic footing.
thedoc00: We are experiencing the birthing pains of the New World Order. Global socialism. A race to out-China the Chinese.
Yep … Based on a Fascist System lead by the “bankers” or who ever wins the battle to define value.
Problem when one tries to out China .. China Inc. (or BRICS) is defined in the old saying … in a wrestling match with a pig everybody gets dirty and pig enjoys it.
Your confusing currency with money.
Yes the virtue of currency is speed and volume.
But money by definition stores value over long time periods.
Add to this.
It’s only the notional dollar or even physical gold value that is needed to establish a ratio of exchange of ‘other’ goods, say wheat for oil.
Even dollars have value in gold terms, and thus to all other things.
What you said is pure frontier jiberish.
What is the difference between currency and money??