The topline story from the announcement by JPMorgan Chase [SEE HERE] there are no banking rules/laws in the Biden Fed/Treasury system.
The Dodd-Frank laws are still on the books, but the FDIC decision to insure all deposits, regardless of size, now means those laws, rules and regulations are not required to be followed. Additionally, as a result of JPMorgan gaining another $100+/- billion in deposit assets, the law(s) surrounding the 10% U.S. deposit maximum, within too big to fail banks, no longer exists. Noted in the announcement, “JPMorgan Chase is assuming all deposits – insured and uninsured.”
JPMorgan is also assuming assets consisting of $173 billion in loans and approximately $30 billion in securities. The FDIC is going to assume risk (with a risk sharing agreement) for current First Republic Bank mortgage and commercial loans acquired by JPMorgan, guaranteeing JPMorgan a 5-year fed fixed rate on $50 billion in mortgage bonds.
The Federal Deposit Insurance Corporation (FDIC) rule requiring the holding of 1.5% of deposits for all depositors up to $250k in all institutions is now essentially moot. If the FDIC is guaranteeing all deposits, there’s no way for the insurance corporation to capture or hold $1.5% of all banking deposits. The law is in conflict with the outcome action of the Fed/Treasury and ultimately the FDIC, ergo the law is nulled by the ignoring of it.
Mohamed El-Erian gives his take below, but seemingly missed the part of the announcement where JPMorgan states, “no systemic risk exception was required” in the deal. This means the FDIC is completely free-range with the agreement, they are not even trying to justify why they would make a too big to fail bank even bigger. WATCH:
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The only reason the FDIC violated its own rules and banking regulations, was because the FDIC didn’t, likely -almost certainly- couldn’t, take the financial hit from a full takeover of First Republic Bank against the backdrop of the prior terms for Silicon Valley Bank (SVB).
When the FDIC made the (SVB) decision to guarantee all deposits regardless of size, they put themselves in a position of an insurance declaration they could never fulfill. The FDIC cannot structurally guarantee all of the First Republic Bank (FRB) deposits; they need a structure to avoid the government regulators absorbing the bank. This reality is also why the FDIC violated their own laws, rules and regulations in allowing JPM to exceed the legal U.S. deposits maximum.
In essence, what the FDIC is saying is they cannot maintain the premise of their charter without the big banks helping them. The biggest banks now control all of the leverage, with JPMorgan Chase and Jamie Dimon now controlling more financial power than the government that is supposed to regulate them.
FUBAR… All of it. Everything Biden touches turns to shit.
This is going to be a major hot mess now for Main Street investment and borrowing needs. The economy is going to feel the ramifications of this in less financing available to maintain domestic investment.
Last point. Look at the big picture, there’s no intervention protocol the legislative branch can trigger as a security against the reckless decisions of the FDIC (Fed and Treasury), without creating even bigger issues that could collapse the banking system. If the legislative branch forced the FDIC to follow the laws currently on the books, the domino of banks starts to collapse.
JPM got a gimme at taxpayers expense. What a deal.
So collapse the system that is the source of the crime lords power. Declare jubilee and erase all debt.
Note that ideology plays no role here. This cabal is not political, they are filthy criminals.
Yep
They’ve stolen
everything
already.
correction erase the debt of usa-ccp-corporation only, now your debt is your debt… never forget about the 2 tier justice system…
Make America Kiev Again
Not fair to people like me who worked and saved and paid off all debt when I retired.
Sick and tired of paying for everybody else and all their high-risk behavior. Just FED UP.
Yep! They’re going to take it all…ALL, down to every last penny so that all are either totally dependent on the gov… or die. The Big Whore!
(see Rev. 18)
When president Trump re-takes the Whitehouse can any of this be undone or at least not allowed to happen again?
It’s becoming funny that there are still those who believe there will be honest elections with accurate vote counting.
I wonder the same thing, EZGoer.
Defies logic, that we pretend we actually expect an honest election.
When an election is stolen in plain sight, and nothing, absolutly NOTHING has been done to remedy the fraud……………..how can we possibly expect an actual election?
Rush said the day would come, when there were no more elections.
The man was always right.
Truth, after the fact, won’t help you much.
I couldn’t believe it when he said it. Stupid me. So glad he didn’t live to see the destruction of the USA.
Source showing evidence of stealing an election?
Indeed, trump will only be elected if the fbi allows for it, just like when comey got him elected in 16.
2020 was a coup by these thieving bastards. There will never be anyone like Trump allowed near the DC power structure. Solidify power in your local community.
What’s happening in banking appears to be the same process as what happened (and continues to happen) to hospital systems since Obongocare. The government, via its regulatory processes, is forcing smaller more local banks into a difficult situation. I’m not sure they can destroy all local/regional banking, but they can sure reduce the number the deep-state has to chase.
The exact same thing happened with healthcare. Most medium to large metro areas had many hospital system choices 20 years ago. No longer the case. You are lucky if you have 2 large systems to pick from. Many areas have consolidated down to one.
I have said we live under Economic Fascism. People cringe at the “f-word”, but don’t get wrappped around the axle debating trivial academic gibberish. When the government (in our case the unelected regulatory state) controls your business and your industry, you’re living under fasicism.
The Corporate State: does the state run the corporations, or do the corporations run the state, or are they equal partners?
Does it matter?
In none of those choices will the voters ever have any influence! And that is by design!
It’s fascism. The host and the parasite alter roles and the only thing that matters is they both survive. Anyone that pretends to know how this ends is a paid shill.
its a cartel. all part of the same organization.
The corporations run the State. It is a Corporate Communist Takeover, led by the Central Banks worldwide, who are controlled by the Committee of 300.
The committee of 300 is other wise known as the WEF.
“the unelected regulatory state” and the unelected FRAUD joe biden form and unelected dictatorship that is daily destroying everything they touch like midus touching something and it turned to gold but in the biden regime case it turns to “…”
That’s a wonderful legend. It’s actually a metaphor – Everything turned to gold including his food and Midas starved.
Jobama Keeps Lyin, Folks Keep Dyin.
This entire scenario reeks of desperation.
How long can these marxist monsters prop up this collapsing fraudulent scheme before the entire house of cards totally implodes ?
My hunch is not much longer.
Risk of implosion is not a deterrent.
Implosion equals crisis.
Solution equals CBDC.
Perhaps you are right keeler.
Their hubris has them believing they can manage the aftermath of a total banking and stock market collapse.
I think they are wrong.
I think they are wrong as well.
The problem is they do not.
The last time global affairs were dominated by elites suffering from this combination of decaying power and corrosive hubris was the period between 1900 and 1914.
The resulting carnage did not end until 1945, and getting through it was not pretty.
Yes in deed keeler, in 1913 they implemented the Federal Reserve.
To this day the Federal reserve is playing a key role in the reshuffling of the economic deck.
The marxist elites get richer and the middle class of America is eliminated.
As long as the people continue to use their fiat currency they will prop up their ponzi scheme while looting the rest of us.
They’ve been kickin’ the can for decades.
“If I have to drop money from helicopters…”
The money supply (M1 and M2) is drying up. Outside of cash on hand or available credit, people need to ask not “how” do I pay for this purchase, but “what with”?
The problem is the dominos are going to start falling at the macro-economic level.
Trump’s job is not going to be easy.
The only solution is going to be Milton Freidman’s Shock-Therapy. Trump will know this.
‘The problem is the dominoes are going to start falling at the macro-economic level.’ – Economist
Indeed they are. Since the mid-20th century, presidents have preferred to get recessions behind them in the first or second year of their term, so they could campaign on the back of a recovering economy as the election approached.
Deviations from this formula were disastrous. Jimmy Carter got hit with an inflationary recession in his final year, 1980, and lost his re-election bid.
Likewise, the two-month covid lockdown recession may have sealed Trump’s fate. Like many, I don’t accept the accuracy of the count. But absent that brief recession, Trump would have earned an overwhelming vote margin, beyond the capacity of ballot stuffers to override.
As karma would have it, “Biden” is now being set up for exactly the same fate: a wilting economy and rising unemployment, as the political primaries take shape.
Options for “Biden’s” handlers to pull this out of the fire distill down to only one: wartime president, with air raid sirens punctuating the debates.
I pray it doesn’t come to this. But who knows what “Biden’s” triggered Wokesters may do, threatened with the impending loss of their exorbitant privilege?
Trump did it to himself by accepting the insane lockdown that Fauci and Birx cooked up without his knowledge…
🪰💩
🐂💩
The RONa Messiah is coming…
“Mitch McConnell had advised me, correctly, that Fauci would be a valuable member of the team because of his stature.”
— Mike Pence, So Help Me God
Wish I could block you!
PDJT was advised to promote a 15 day lockdown and it wasn’t mandatory! It was up to EACH governor who got the opportunity to let their inner tyrant go to town.
PDJT followed the advice of 30 Pence’s Covid Task Force. BLAME THEM.
That’s a good point. He had a tough choice to make there though. He knew they deployed the virus to get him out of office, so he took the path opposite what he would normally do, and this is due to the overwhelming juggernaut the media became when it united together globally in favor of the one narrative. This same juggernaut is still on display with the Ukraine war. They (the 4th branch / MIC / TPTB) have now proved that they can rally the entire world to rubberstamp, and believe in, anything they want them to believe.
It is devastating bc there is no foreseeable solution to this problem as all efforts to unite against it require communications thru public channels like the news media and social media.
Covid lock-downs didn’t seal Trump’s fate. The use of bastardized voting rules, laws, regulations along with mail-in ballots and machines connected to the internet sealed Trump’s fate.
Let’s be clear with that portion…..the economy had nothing to do with Trump’s fate….he didn’t lock anything down nor did he mandate a thing…..but the election issues did occur.
No you’re dead wrong. There’s absolutely no evidence for any of that. Trumps demise was sealed when the virus was deployed.
“No systemic risk exception was required” in the deal. — JPMorgan, quoted by Sundance
This is quite astonishing. Over the weekend, commentators assumed that a waiver WOULD be required, since public policy is – well, WAS – not to let already-dangerous SIFIs grow still larger.
But when push came to shove, the niceties of public policy considerations went out the window. JPMorgan’s long green spoke louder, and dispelled any doubts among “Biden” administration believers.
The result, of course, is the very definition of oligarchy. Whereas the mythical ‘rules-based order’ is a ridiculous fig leaf that the naked, senile emperor long since cast aside.
Welcome to the nuclear-armed, Third World nation of Amerikastan, comrades. It’s gonna be a bumpy ride. Got gold?
So can we take down JP Morgan or what?
It’s very simple, just withdraw your money at the same time as everyone else. Done.
Rep. Clyde spoke a little about this.
https://rumble.com/v2kyc5y-rep.-clyde-promising-debt-ceiling-proposal-now-in-hands-of-biden-moderates-.html
After seeing how our overlords ruined lives and people’s economic conditions over the “Covid Lockdowns and Vaccine Tyranny”, I am pretty sure that they will send their little soldiers door-to-door to confiscate anything that the state deems unnecessary or illegal for you to own.
Fortunately for me, I live in a low property tax state and my home and car are paid for. Our energy prices are not horrible and our climate is tolerable except for summer.
Buy food, alcohol, medicine, hygiene products, paper goods, seasonings, and pet food. When you go out, dress in shabby clothes so as not to draw attention.
I am going to look into purchasing a bicycle with a basket so that I can get to the grocery store every week to purchase a few items.
Ultimately, we may all end up in the food lines waiting to eat cricket soup.
I am praying for God’s protection and for His Son to return and oversee the pouring out of God’s wrath. I know that he will protect me while the evil here is dealt with.
Jesus ain’t gonna do anything bro, it’ll all be over in a twinkling of an eye if you’re to believe the Bible. There won’t be a war that we see or participate in, nor an aftermath of a war or an apocalypse. People gotta start living for now, bc that’s all we are guaranteed.
Gold. Lmao. Anyone intent on staying here is gonna need a lot more luck than gold.
Ex patriate
Ok were in trouble,read most comments.buy gold,stock up,barter,liquor & so on.become a prepper,i’m half prepper.in my opinion nothing matters until all effort goes twd getting Trump back in office.stock up now & you make it 2 months longer then the normal.100% everything ever effort twd election.at 78 i’ll make it or NOT.want you to do your best.MAGA OLD.
In the absence of free and fair elections, how do you imagine President Trump being elected in 2024?
The hardest prepping is psychological, emotional, and spiritual.
My opinion only.
John Pierpont Morgan bailed out the US Government in 1907 with GOLD. His descendants have been controlling the US ever since via The Fed.
JP Morgan installed Biden, they also installed Hochul.
If the story is accurate, he waited outside the white house until he would be seen and offered to bail out the government or bust the treasury. We tried to go to go elsewhere, like we did with the Baring Brothers a century earlier, but they were all behind Morgan.
Great information! Does anyone else find it interesting that FauxNews also left the bailout figures out of their coverage as well as failing to point out Dodd-Frank?
I think you may be the only one watching fox these days.
I cannot see how a no-cash society is anything but the death of personal liberty.
Garage sales? Buying used cars, boats, riding mowers, etc?
How do you buy gasoline when your debit card is suddenly unreadable in the C-store counter machine?
What do you hand a homeless, starving beggar holding a cardboard sign?
What do you give a friend a little short before payday?
The worst, murderous people on Earth are still being paid in pallets of untraceable currency.
Unseen hands control digital. Working hands must have control of folding money they can use to buy things.
Demanding cash remains in circulation for the masses is a priority worth dying for.
“Garage sales? Buying used cars, boats, riding mowers, etc?”
The elites already went after used cars. The Cash-for-Clunkers program, which removed many affordable vehicles from the market at the time, will eventually be revived and weaponized to ban remaining gas-powered cars.
Just today, I came across articles describing how bad gas-powered mowers, leaf-blowers, and other tools are for the environment and why they should be banned.
I have seen nothing about personal motorboats, but I cannot see how they will escape the condemnation of the Green Puritans.
All this is to say the death of personal liberty is well under way. CBDC will be cement poured over the coffin.
My guess is that we could have near Biblical level water pour down in SW USA and Lake Mead, NV would remain nearly empty.
When the “drought” hit nearly 22 years ago, environmentalist groups were trying to get 1 stroke or 2 stroke Jet Skis banned from the lake because of pollution (their words). Lake Mead used to be a fun place to go to during the summer to get out of the heat. It was clear, snow runoff water, cold to be in, and fun to beach at.
Now that the lake is so empty there is no convenient way to get to it. It is not deep enough to operate watercraft safely over obstacles just underneath the water.
And it’s actually pretty darn easy….
Just repeatedly show the hypocrisy of those making the rules by showing how they themselves own so many things pluse extra square footage similar to the bad things they want to ban.
What’s needed ^^^^
Is the easy part. Getting someone with the ability to reach millions to do it is the hard part—- they would expose themselves.
Garage sales? Buying used cars, boats, riding mowers, etc?
Barter.
How do you buy gasoline when your debit card is suddenly unreadable in the C-store counter machine?
You don’t,
What do you hand a homeless, starving beggar holding a cardboard sign?
2mg fentanyl.
What do you give a friend a little short before payday?
A shrug.
What says it won’t start collapsing anyway?
ilDonaldoTrumpo
@ilDonaldoTrumpo
7h
·
SCOTLAND LOVES THE REAL PRESIDENT!!!
-Interesting time of location
They were kicking tumbleweeds for RONa24 in London.
He’s starting to tip-toe into that…”am I going too fast for you?”…mode.
Faster please.
Our nation is doomed. There is no recovery from this level of theft and economic destruction.
Feels Like The End Is Near, Our Freedoms Disappearin
People Playin God, Call It Genetic Engineerin
Should Be Past They Bedtime, But Everyone’s Woke..
They Told Us “chase A Dollar”, Then Made Everyone Broke..
youtube.com/watch?v=QEijf87AN1A
The government just printed another trillion lol
The White House has just said that $FRC, First Republic, was badly mismanaged.
In 2022, $FRC was 13th largest political donator, 13% to democrats, 86.8% to republicans, almost a million in donations.
In 2021, $FRC was 11th largest, with 28% to dems, and 72% to republicans.
What if this seizure was just a payback for Thiel taking down SBF which donates to the Democrats?
of course jbm would say everything is great. they just took control of billions worth of assets. when the dollar tanks their investment quad triples… fjb and the fccp
If I didn’t know any better… I ‘d say they were loading explosives into a single basket.. A basket lined with the lives of countless Americans personal bank accounts. That basket a ticking time bomb ready to blow. The fallout from all the bad business deals gone wrong placed against the money of the masses. Too bad most don’t see it yet.. I wonder if they will.. maybe just before it’s too late.
It’s hard to have empathy, but I always will for good willed people that are manipulated by cynical politicians, fake nooses, social celebrities…
Fugees rapper ‘Pras’ Michel found guilty in multimillion-dollar political conspiracy
DiCaprio testified Low had appeared to him as a legitimate businessman and had mentioned wanting to donate to Obama’s campaign.
nypost.com/2023/04/26/fugees-rapper-pras-found-guilty-in-political-conspiracy/
https://www.c-span.org/video/?c5032401/challenged-rep-tlaib-ceasing-funding-fossil-fuels-jp-morgan-chase-ceo-jamie-dimon-says-that
Jamie has been waiting for this. The banking rules are no longer valid. The monetary system is going down.
Why on earth are US taxpayers required to pay for the bad debts of failed banks?
So does this mean that FDIC’s regulatory powers have imploded? Somebody mentioned that it would be wise to jump ship from a bank like BOA (complex institution) and immediately deposit into a credit union.
Banking Rules only apply to Community Banks. I thought you rubes knew that. lol
So, all these pesky laws only apply to us serfs. It’s time to dispose of these stumbling demented child-kings.
There are 2 types of money. One is for the shlubs (people like me) that go out, work, earn, invest, and save the money. The other type is elitists making an entry in a computer and “creating” money out of nothing. We use to complain about them “printing” money at will. Now it’s just an entry in a computer, not even the printing expense any more. And it’s only value is given to it by the shlubs (people like me) because I produced something and earned it.
And of course the the elitists are totally irresponsible within the monetary system because they realize the origin of the money and it’s ease of access.
Go get a Morgan silver dollar and hold it in your hand, if you have never done this. You will gain an appreciation for real money.
That’s not how it’s done bro. The money made from nothing has a balance sheet that must be filled back to zero, or else default. When it’s back to zero, the money is gone.
This is what democrats do … it escalated with Obama and has exploded with Biden … they steal American tax-dollars to make wealthy Democrats millionaire$ – and millionaire democrats billionaire$
Proving once again … the Republican Party is WORTHLESS !!!
Re-elect President Donald Trump 🇺🇸2024 🇺🇸MAGA 🇺🇸