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:
.
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.
Lawlessness and crisis management are the hallmarks of this fuster cluck administration.
Well, the DS needs a new Ukraine as Americans are tired of that cluster…
That’s where Sudan steps in.
They’d loooove to bring over planes full of all the Sudanese “refugees” who could grab their child “brides” and push their way to the front of the line and arrange themselves “asylum” status in the U.S. Would be as good as or better than Afghanistan.
Americans have hated Muslims since 9/11. They’ve been groomed not to say anything about blacks, regardless of nationality, because they’ll be called racist.
The pivot from the mideast to Africa is brilliantly evil.
They don’t hate Russia. They covet the Russian natural resources.
I agree lawlessness is the hallmark of this administration, but they aren’t even trying to conceal their malfeasance at this point.
It does seem that they find great joy in rubbing their malfeasance in our faces.
“Look what we can do –to YOU! To the all-powerful, ever-powerful Americans! We can humiliate you before the world! We can watch see you murdered as we award victim status to the islamists and transgenders who murder you! We can put a senile puppet in your WH by obvious theft! We can call defame you as “terrorists” for protesting while we groom your children! And you can do nothing about it!”
It (the ‘lawlessness’, or ‘one law for THEE, none for US) has actually been going on for a LONG time.
They just aren’t able to hide it any more.
THAT I think, is the crux of the confrontation we can all feel we are heading towards.
EITHER WE are able to sieze control and move back towards a system of laws (PDJT elected in 2024) OR we aren’t, in which case we accept that there ARE NO LAWS, and reinstitute Jungle law, for all.
THEY know its coming, too.
Thats why they are racing, pell mell to try to consolidate as much power as possible, and apply it as harshly as neccesary, to try to stop us.
Given that is the binary choice, WE must continue to plan and work for the best, while also PREParing for the worst, accepting the POSSIBILITY that it really may have to ALL be burned to the ground, BEFORE we built it back.
IMHO
It’s the worst game of chicken because THEY know WE won’t blink first.
THEY live amongst us. Their kids go to school with our kids. Only the ELITE elites are fairly partitioned from us.
Think about that for a reasoned natural outcome.
Know your area. Know what and who is in it. Know when the what and who changes. Know how to communicate. Know how to adjust your mission as the situation dictates.
A successful insurgency only requires the WILL. The logistics take care of themselves.
Always remember…. I only need X. Because I know when I need anything else X will get it for me.
We can all learn a bit from the VC.
This.
The goal is to have a more powerful FED, centralized financing (fewer banks) and a road to CBDC.
The FED created this current environment just for this purpose.
So, you see, everything is going as planned.
Always follow what the rich are doing.
“The Silicon Valley wealthy have become super doomsday preppers by buying remote New Zealand properties, getting eye surgeries, and stockpiling ammo and food” https://www.businessinsider.com/silicon-valley-doomsday-preppers-new-zealand-2020-3
https://nypost.com/2022/09/24/how-the-worlds-billionaires-are-paying-to-escape-global-disaster/
https://www.abc.net.au/news/2022-10-20/tech-billionaires-are-planning-for-the-apocalypse/101546216
Them pResidential cufflinks our ex-dear supreme leader owemugabe gave the pink power ranger jamie, and he wore to congressional testimony, sure came in handy …
another money laundering scheme to steal from us and enrich themselves.
<…steal from us and enrich themselves.>
The dooH niboR scheme? 🙂
The US Dollar as we know it will not last 5 years.
At this rate, you can erase “dollar” from your statement and still be correct.
Its been a worthless piece of paper, for a long time now.
Now that they intend to get rid of it, in exchange for phenominally greater control, they are SHOWING us it has no value, SO THAT we will willingly give it up, and embrace their “new thing” of CDBC’s, which like falling for “the credit trap” is just signing our own enslavement papers, and death warrants.
6 months at the outside. Better get your liquid assets and your retirement funds out now!
This is going to be the end of the US dollar. The conversion to CBDC is coming right on the heels of the declaration of default that Caesar Bidinius will declare when he vetoes the spending bill proposed by the GOP congress.
As the old saying goes, “Don’t doubt me.”
Shouldn’t the term FDIC be replaced by taxpayers?
Its spelled wrong; it SHOULD BE; I FCD. Sound it out.
Jay Leno said it best……
FDIC=Foolish and Dumb Innocent Citizens.
Jamie Dimon is trying to secure the banking sector, which he cares for above all else. Look to the non-banking lending sector, for no one’s coming to save that. Because Jamie Dimon hates competition.
Has Pink Power Ranger Jamie come out of the closet yet and declared zer pronouns?
Jamie Dimon says ‘this part of the crisis is over’ after JPMorgan Chase buys First Republic
Nice pin, supporting his buddy Zelensky in the Ukraine…
https://www.msn.com/en-us/money/companies/jamie-dimon-will-have-to-explain-how-much-jpmorgan-knew-of-jeffrey-epstein-s-crimes/ar-AA1a2O4i
Remember the lady government attorney that was looking into this was suddenly in the unemployable line.
They have the Ukranian flag flying at the same level as the US flag outisde of their Dallas office. I”d post a picture, but I don’t see a way to do that from a Chrome browser.
One or more have already signed deals for the “reconstruction.”
Ukieland seems to be one of those sh*thole countries PDJT spoke so highly of.
Blackrock for sure. Fink already talked about it.
WHO’S GETTING A PIECE OF THE UKRAINIAN PIE, AFTER IT’S ALL CARVED UP
On August 10, 2022, the Country of Ukraine faced default on its, at the time, more than 20 billion in overseas loans (now over 60 billion), and was granted a 2 year reprieve from payments (deferred).
This means that, although the country is more than bankrupt and cannot pay its debt, the problem is pushed back for two years by its creditors.
Both Fitch and S&P both declared it in default, and lowered its credit rating, then Western countries swooped in and bought up the CDS based on the foreknowledge that in two years time the country would then default (on their planned time frame) which would allow them to cash in on its destruction.
Ukraine is a scam, and at the end of 2023 it is set to default entirely
Agreement for Auction of Ukraine.
Do the names involved look familiar?
Doesn’t surprise me
The goolag should not have the power that it has…..
Jamie Dimon who wants to sieze your private property? In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon suggested that the U.S. government and climate conscious corporations may have to seize citizen’s private property to enact climate initiatives while there still time to stave off climate disasters.
Sounds great! He can start with Obama’s two seaside estates, move on to Zuckerberg’s estates in Hawaii, Al Gore’s mansions, move on to coastal California etc etc etc.
Let the billionaires go first.
Oh and don’t let him forget both of Jeff Bezos’ yachts and helicopter.
may end up being over our dead bodies
There are NO LAWS PERIOD as far as this criminal infestation is concerned.
No laws and no one to enforce any law at all so just make rules.
Actually, far too many laws, and rules/regulations, which are both written and enforced to favor the elites, and oppress us.
“No Laws?” Tell that to the J6 prisoners.
Kind of like the British Monarchy before the Magna Carta, huh?
Just make up shit as you go and selective enforcement for the potential recipient(s) and no recourse against, relief from, nor consequences for the ruler (elite) by us serfs.
Everything is illegal. Therefore, nothing is illegal. Get it?
It’s not about anything more than what the fascists accuse you of. Fascists don’t look for any law. They simply make an accusation and find themselves a criminal. That’s what normal thinkers call, Anarchy.
“Each man does what’s right in his own eyes.”
Just kicking the can down the road. This would probably be a good crisis for an election year…
Yeah, just like when GWB was President and McCain and Obama were campaigning. McCain suspended his campaign to pretend he was returning to Washington to solve this crisis.
All McCain did was pretend.
Along with romney, mcdanial, mcconnel. The extensive list of rinos gets longer by the day. Every bit of this is doing whatever it takes for money. Satan is winning right now.
The final proof for anyone doubting that he was just “playing along”…sure did enjoy making that speech at the convention, though…thought he was Patton, you could tell that, the rotter…
They’re going to have trouble harvesting ballots if they crash the economy and force said ballot harvesters to choose which ballot box stuffing team they want to join.
I wasn’t blessed with children. I’m beginning to think I’m/they’re blessed.
I generally think you are correct. I sob for my children and grandchildren.
At times I feel guilty, thinking of ancestors, mine and others, and how they fought and died, each doing what they had to in order to protect and defend this republic and pass down freedom to the next generation and the next and the next…and then it got to me and mine and….
…the guilt…and yet…you say to yourself, what can one person do? Or even, what more can one person do, in many cases… And yet…in the end, we didn’t “ensure the blessings of liberty for…our posterity”…or at least, it is looking that way.
….and along with the guilt, there is the anger, the rage, because …it was because of the people in this administration, the people on Wall Street, the people in the technocracy, in the lying corporate media, the people that did have the power and abused it so horribly as we all watched…what could we do? What could we have done? What could we still do, because I find myself talking as if a conclusion has been reached, when it hasn’t...yet. …has it?
The hopelessness is….no words…but those are some of the emotions that I know I’m not the only one feeling these days…
Buck up, my countryman. We are many to their few and know how the lights and running water function and how the food gets there.
We are blessed with 2 adult children, who seem to have their heads on straight.
However, God didn’t see the need to provide grandchildren. No one shed any tears.
To be honest, I personally am relieved, but do worry about our middle-aged professionals who are faced with this reality upon our demise.
I trust God will be with them always.
Actually, we need LOTS OF BABIES.
I well understand the sentiment, but as much of the thrust of their efforts has been towards DE-POPULATION, what we actually need, is a lot more “begatting”.
I too have wept for my grandchildren, that being said there is no length to which I will not go to secure a safe a prosperous future for them. This is far from over!
Bless. That’s good to hear. It’s good to hear what all of you say. Soothes the soul, as Seger sang…
I have a 5 year old a six-month old and I wonder why God is giving me this responsibility at this time. Please pray for those of us with young children.
Bless you all!
I’m with you, Mama. Several littles under 10 caring for solo after my (ex)husband left us. We need all the prayers we can get for strength and wisdom to raise babies in these times.
Absolutely LOTS more babies! Be strong in this time of trial. Fear not, for if you have found God while he still can be found (Isaiah 55:6) you may call upon Him while he is near. Can’t you see that Satan wants to destroy, to abort, to snuff out life, much like these elite animals who idolize themselves and as much power as they can consolidate.
Be fruitful and multiply and don’t shrink back from the word of the Lord your God. I have 6 children, not all my own. Yes, I pray for their lives and that God will make a way. But never forget He is a SOVEREIGN God! Trust in that. I find that a good cigar and a fine drink now and again makes my life more meaningful and helps me to remember to LAUGH more. Men, fathers… your families need to hear you laugh more. It helps.
May the God of Abraham, Isaac and Jacob, the Holy One of Israel bless you and your family, today and forever!
Next step big government control of banks
there are many (untold) steps
to a ‘fundamental transformation’ that $ome like, (and most dislike, if they live).
Nigeria is seeing some of the advanced steps.
The following is not good.
The following has eye witness knowledge, in many occurrences.
Hopefully the not good,
can improve people’s awareness of the corrupt games that people play – on innocent people.
( every day, and incrementally worse…)
Untold
step 1 of
the dem campaign slogan
is to
‘tear it down’ ( it’s just begun)
before
the corrupt
‘ build back better ‘ slogan
really gets going
( ‘ better’ in the narrow eyes of a corrupt ‘they’ )
When the naivety of people is awakened to truths, people
then can see an assortment of
u.s. miss policies,
by ‘they’ ( ‘ they’ is described in an early April CTH article )
untold designed
to
‘tear it down’.
( it being u.s. culture, laws, economy, standard of living, security, supplies …etc )
This person ( judd saul, link below )
spoke on Frank Speech
and mentioned
the persecutions and corrupt takeovers ( by ‘they’ )
going on in the strong christian Country of Nigeria…
as ‘they’
tear it down
and then…
( non theology-marxism, c c p owning asset$, corruption gallore, insecurity…)
‘build$ it back better’ (corruption gallore)
p.s.
‘they’
are shape shifting, incrementally tearing things down
in u.s.
( and elsewhere)
…just at a different time line / stage of tearing things down in the u.s.
( behind the nigerian timeline…)
The nigerian / world news does not cover 5 to 20 Christian killings in a day…it does not meet the untold threshhold of being newsworthy…
But
if there are 50 or more deaths, then that is a thresh hold that the news might say something, albeit a watered down truth because they are in, on the corruptions…
…as the corrupt miss leaders publicly say they are up standingly going to work to control violence
– with a motivation to get the killings out of the news focus…
( so that the killings and property seize’s can continue, …un reported… with less attention…)
‘they’
want
what’s happening in Nigeria etc, to happen in u.s….step by step…
( with word trickery, and corruptions,
tearing things down in the u.s….
also occurs on the taxpayers dimes – and national debt increases …
as they miss work to build it back better (from a selfis$h viewpoint)
Interview with Judd ( is working to reverse the tearing things down in nigeria ):
https://frankspeech.com/video/judd-saul-joins-discuss-persecution-christians-nigeria
Imho
Love thy neighbors
( but be aware etc. too )
The campaign slogan, “Finish the job,” that FJB has been touting, could not be more (purposefully) ironic. (I’m sure they think we are too “stoopid” to get it.)
Yes. Pray for Nigeria and for all the countries where islamists are persecuting Christians. And for those in China, because it is not just the Uhygers who are working as slave labor in those factories.
P.S. All apologies if I’m off-topic; wanted to agree with this important point.
Burn it all down! It’s all FAKE! FAKE money. FAKE POTUS. FAKE pandemic. FAKE “vaccines” that are actually gene therapies. FAKE public health agencies. FAKE national security agencies. FAKE elections. FAKE food. FAKE war in Ukraine. FAKE climate change. The extent of US government corruption being exposed in the last few years is truly stunning. ALL of it needs torn down, down sized and rebuilt. May God have mercy on our once great nation for all the evil we have done.
Yeah, who needs AI when we already exist in a world of ‘pretend’?!
Tucker was fired for exposing the fake. Or as Sundance calls it; “pretend.” It is spiritual. Satanic worship of Baphomet & Moloch. Look it up. The Baphomet image is prophetic for today. I’m claiming 2Chronicles 7:14. It’s our only hope unless it’s the return of the Savior.
“FAKE ‘vaccines’ that are actually bioweopons.”
Fixed it.
Unfortunately i believe you are correct. I don’t see another way to fix this. Satan is winning right now
We love to take day or weekend drives in the country. The devastation of Main Street USA is unbelievable. More and more restaurants, shops, small entertainment facilities closed and never coming back. Boarded up and crumbling towns that used to be vibrant centers of activity. Very sad to see. The politicians are corrupt, huge amount of taxes just vanish and never make it to what’s promised.
Take a Saturday or Sunday drive and see for yourself. The country is fading away right before our eyes.
been that way since textiles started moving overseas and accelerated starting with Reagan.
Walmart reversed itself from Made in USA to Made in Xina
I will try to be gentle. I hear you. I have been saying this for decades. But lately I have changed my tune.
American society and our economy have gone through multiple era changes since we began. Just looking at the 20th Century, all those little towns were basically rural agricultural towns. With the early 20th Century rapid industrialization of non-agricurltural products, each saw a facroy or 2 built where former farm hands now worked in factories. Carry that through Ford’s revolutionary production methods, the roaring 20’s, Depression, repid development in the 50’s to furnish products to the Baby Boomer families, the decline and transformation of the latter part of the century as Boomers’ children grew up and the Boomers settled into middle age, and now the Boolmers aging out – it is, WAS, all inevitable. Change. Nothing stays still.
Make America Great Again does not mean returning to 1972. Those small towns are over, relics of a time that has passed, never to return because the times that caused them to come into existence in the first place have passed.
We live in an extraordinarily free time of opportunity. The past has been blown out form under us and we are left with a blank canvas. WHAT will we create with it?
Build Back Better? Yup. But I say hijack it, throw out the globalists, and design it for America First. Build Back America First.
Sorry if I ramble.
Trump 2024
Trump 2024…
For our friends in Iowa
i HAD a CHOICE Yesterday – BUY 2 Belts that WERE MARKED: MADE in CHINA
OR
PAY the SAME PRICE and GET 1 Belt MADE IN THE USA
in a Regional Retail Farm Supply Chain ( that Offers Financing thru Their Local Credit Union )
BUY USA, NOT Mexican, NOT Canadian, …
My Son and His Wife Sell Aviation Memorabilia And WHENEVER POSSIBLE They BUY from the Textile Mills in North Carolina and Manufacturers in the USA.
BUY, SELL, BANK LOCAL If POSSIBLE
We escaped Austin for the country. We still have vibrant economy because we’re a long way from the city. The locals burger and Mexican food joints have a lot of business. One well stocked grocery store. If you don’t have an HEB, you’re missing out. A large pawn shop that carries riding mowers, deer feeders, guns, tools and precious metals. We have a large and vibrant church. Good schools & a constitutional abiding sheriff. (Very important) Community is big out here. You never know when you might need prayer, a cup of sugar or an extra gun.
“If you don’t have an HEB, you’re missing out”
So true, had to live in the Houston area for a couple years that was about the only upside.
Back in FL now can’t stand Publix if not for but one get one no reason to go there.
Wegmans is probably the nicest I’ve ever been to.
Their latest promotion; buy their debit card and get 5% off HEB brand. Example typical bottle of Heinz ketchup is like $1.79, their brand $.99. At least you’re in the beautiful state of Florida. I’ve read Wegmans are nice. I understand Kroger is tapping into Florida’s market with giant warehouses & deliver to your door. No brick & mortar.
I keep telling people its the future. There won’t be stores, it will all be delivered, and you will get what they have, or go without.
Yes, love Wegmans but so expensive! Publix has a very good produce section and a space for local products like honey, hot sauce etc.
Checking in to agree w/ J, above. A lot of us don’t have to take a drive because yes, we live in it. And I’d say it’s a mix. Lots of boarded-up places, but lots still chugging along. Two grocery stores. The home and garden stores/farm and animal feed stores — all of those doing fine. Lots of churches and of course, the school district.
And two dispensaries — we’re a legal state, recently changed from medical-only. Fast-food and sit-down restaurants. For everything else, we go to the bigger places, always a nice drive with lots of Trump flags and signs along the way — and if you’re going far enough, some beautiful lakes and rivers…
You can bet the other 10-15 largest banks are lining up and colluding on how to manipulate future events to push other small and regional banks into the same situation where they can get their pieces of the pies out there for pennies on the dollar. Instant windfalls, reduced competition and collective tightening of control over the masses.
It’s coming SOON to a ‘theater’ near you!
Its been a systemic, coordinated movement towards CENTRALISATION, and not just of Governance.
In “healthcare”, Banking, media, both news and entertainment, public indoctrination, everything has been inexhoribly moving towards CENTRALISATION, because it makes greater CONTROL possible.
Spot on, Dutch! Happening in the private sector too. A behemoth bought us out a year ago. They’re inefficient, woke, arrogant and selfish. No concern for the employees (cut benefits and pay) nor customers (service and quality).
Owned by ‘private equity’ groups who are all in on DEI/ESG social score BS.
Bidding my time for the present. Been preparing for a long time. Already ‘quiet quitted.’ Hearing the same thing from a multitude in my social set in various sectors for the last 2 years/getting worse. All are miserable and trying to get out.
‘They’ have and are infiltrating the private sectors you haven’t even thought about and it’s accelerating!
I heard Trump fought against the big banker centralization, that Trumps banking deregulation was to free the albatross around the small and regional banks necks.
I opened an account at First Republic because I didn’t want an account at JP Morgan for a not-for-profit that I am a partner of. Our balances are just below the 250K insured limit so when all this crap started I knew we would be OK. The people I work with at FR are great and I’m sure they will be out of jobs very soon. I pray they find jobs soon.
Looks like we are ultimately going to have 3-5 banks where all our deposits end up.
Thanks Biden and Yellen, you are the worst!
“If the legislative branch forced the FDIC to follow the laws currently on the books, the domino of banks starts to collapse.”
Maybe they want that to bring on digital currency all controlled by the government…
They do but they are buying time until the 15 minute cities are completed.
I keep tying to decide who is the head of ‘they’. Is it a medusa with many snakes or a hydra with many heads?
In a Worldly sense, I am not confident there IS one person.
I think its “rule by committee”, as it certainly has that “feel” to it.
After all, they don’t NEED a charasmatic leader, to fool the population into eagerly forwarding their consolidation of power and hence control, they are detirmined to do it without any need for US.
So, they don’t need a Hitler or Mussolini, they are going for the Politoburo or CCP model.
I think already have.
The Committee of 300.
Ya think?
One way to look at it is that the banking laws and regulations were designed to regulate an economy and financial services industry that no longer exist. Horse-and-buggy banking regulations in a 70 mph interstate world. Trying to log onto the internet with your typewriter. Why does my wind-up Timex not tell me my heart rate?
I disagree with the horse-and-buggy analogy. The banking laws would be just fine if they had been followed back in 2007 and may of these behemoths had colapsed. Newer, smaller banks could have taken over and we’d be in much better shape by now but instead the market was tampered with to bail them out (picking winners and losers by political preference). The laws aren’t the problem, it’s the people’s refusal to force the Government to follow them.
I hear you, but we can’t get a do-over on 2007. What’s done is done. All we can do is live with the situation we currently face. It strikes me that the laws don’t work for the situiation we are in so the regulators are on their own and must make it up on the fly.
But that’s the problem with not following them now. It all needs to collapse eventually and the longer that gets delayed, the bigger the problem becomes. Making things up “on the fly” is just more of the same – picking the winners and the losers and making the problem worse. Does anyone think that if SVB was full of Republican aligned VC money it would have been handled the same way?
The regulators aren’t there to fix anything. They’re there to ensure the big guys get their cut. They don’t care about you.
This is a lawless administration.
No respect for the rule of law, no care for the future of the country. They determined to destroy us; and that means EVERYTHING from industry, production, food, and finances. They are allowing millions of undocumented aliens to pour across the border and they have recklessly wasted our money on needless conflicts.
They hate us.
JannB: Hate ’em right back.
And that would help how??
(sarcasm intended)
not to worry.
nothing to see here.
the latest wh installment wants more (part) time in wh so as to ‘finish the job’.
(…without defining “the job”. (hint, 2008, a fundamental transformation… )
[ and ‘they’ will print more currency (taxpayers expense),
and hand it out like its candy in a parade
(only, ‘they’ have corrupt, smily, strings / tentacles attached to the candy, to tease people to go along with the wooden-nickel $chemes )
If people read the bible, they would not be taking wooden nickels :
“Prove all things,
hold fast to that which is truly good.”
Thessalonians 5:21
“And this, ladies and gentlemen,” is precisely why the majority of the people in this country are now running away from the US Dollar and everything that is now associated with it – “as fast as their Bobby Orr legs can take them.” As any reasonable human being would do.
All of what you are seeing now is pure fiction. And the rest of the world is “damned tired of being exposed to it.” As well they should be.
All this government criminality, decay and corruption
did not happen overnight. It has been a long, slow
march to the bottom.
Come on Sundance, you know what they are planning with this “all funds are insured” bit right?
Simple walk-through:
You forgot take all “retirement funds” as a neccesary part of the plan.
Or, do they already HAVE them, and is the idea that “WE” have our IRA’s just an illusion?
FAR to much ‘wealth’ in those funds, for them not to take it, one way or another.
They already are going after 401k’s. The woke companies like mine are being coerced into only offering stocks, ETFs or mutual funds that invest in DEI/ESG BS.
Fortunately because of my age, I transferred all mine out into my private IRA/ROTH IRAs. They tried to stop me and tell me I couldn’t until I brought up the statutes/rules verbatim and threatened legal action and exposing it the other employees. They couldn’t help me make the transition fast enough after that.
The younger ones are having to fund this shit with their investment monies and their only recourse is to not pay in and take and early distribution and pay taxes and penalties. They’re f*%#ed!
In reality we’re all fooked, it’s just that some are going to live thru it longer.
If your retirement is at Blackrock, Vanguard, then it’s an illusion, they already have yours.
Biden’s economic policy.
Inflation will destroy the Low, Middle and Upper Class.
Federal Reserve electronically prints money out of thin air.
The Dollar will no longer be the ‘World’s Reserve Currency’.
JPMorgan, PNC To Buy First Republic After FDIC Seizure First Leaves Taxpayers Holding The Toxic Stuff
APR 28, 2023
https://www.zerohedge.com/markets/first-republic-shares-rise-reports-rescue-talks
And so JPM, which is already the largest US bank is about to get even bigger, by scooping up all the good FRC assets while leaving US taxpayer holdings on to the toxic ones.
The USA became officially Lawless on Jan. 20. 2021. That was the day the Constitution was officially shredded and stamped upon, by BOTH parties, until it existed only as dust, or as a distant memory.
None of the lawless horrors that are happening now at the hands of SpectreDC are any surprise whatsoever to those of us who understood, then, what had taken place. Our patience with those who are still pretending is at the breaking point.
We all thought Pelosi was tearing up a copy of President Trumps State of the Union speech.
Nope. It was the Constitution.
WHAT Constitution?
RFK Jr. Tells Carlson: All of Bill of Rights Violated During Pandemic, Except 2nd Amendment (and we know why that one wasn’t, at least totally, don’t we… but they sure continue to try using useful idiots carying signs)
39:28 – Coup d’etat
45:52 – 2nd Amendment
48:09 – Read the last chapter
https://rumble.com/vxps6b-tucker-carlsons-explosive-interview-with-robert-f.-kennedy-jr..html
A take on another quote. If you owe the bank (FDIC) $ 1 billion, it’s your problem. If you owe the bank (FDIC) $1 trillion….its the banks/FDICs (the taxpayer’s) problem.
As the “Peanuts” cartoon (Charles M. Schulz) taught us a long while ago:
“No problem is so big or so complicated that it can’t be run away from !”
What is Laws for thee, but not for me?
I’ll take “Signs of weak leadership!” for $100 Alex.
I suppose they must suffer as much as the rest of us, no one of actual merit would behave as they do.
Bailing out Wall St not Main St.
Kucinich: Bailout ‘Driven by Fear Not Fact’
The descent into the dark bowels of a lawless government and society at large accelerates.
Some may refer to this as anarchy.
I am old enough to remember when the Crimson Kenyan jettisoned the entirety of bankruptcy laws, processes and proceedings to pay off, I mean ‘bail out’ GM and the union vote that came with it.
Were ‘We The Taxpayers’ ever made whole on that scheme?!
No Rob but Obama and a few others now have swanky homes on Martha’s Vineyard and other nice places us plebes can’t afford. But just keep toiling along….I’m sure the hopey/changy, build back better, inflatin reduction stuff will kick in sometime…..I’m sure it will…..
…sometime….I……do…….believe…it will kickin…..but…
yep, patience is needed…it sure is about to kick in any moment now….
No, nor were GM’s bond holders.
WE got with the program and accepted that it is no longer about votes, but about BALLOTS and WHO “counts” them. THAT is the new game, and anyone still playing the old game will be left in the dust. Well …
Pissing and moaning about digital currency because it can be abused and used to control us, so OPPOSING digital currency, is a fantasy. It’s coming. Accept it. NO ONE uses cash anymore except drug dealers and anachronisms living in 1972. Complaining about it is a useless waste of time.
Our energies should be put toward structuring the digital currency system so that we CAN’T be debanked for ANY reason – not possible even if they want to. So – how dow we do THAT?
You obviously never go to garage sales or buy used cars, boats or riding mowers from anybody.
You never had a debit card that suddenly was not readable by a machine.
Taking cash out of our hands is the death of our liberty. PERIOD.
Making sure cash is still in use is worth our dying for.
That is funny. MANY millions of folks in the US use exclusively cash on a daily basis. About 20% of the adult US population has no bank account at all. Those millions of folks will not be using any debit or credit card for purchases any time soon. In Germany, 60% of all purchases are done with cash.
Technological change like this comes about REAL FAST. You will receive your new debit card in the mail and have X amount of time to load your cash onto it before your cash becomes worthless. I bet there are still people wandering around Rochester muttering “digial will never last. Most people use film.”
In 2019 the Liberal party (PM Morrison Australia) introduced a bill in the lower house to make any cash transaction over ten thousand dollars a criminal offence with a two year jail sentence for offenders .It became known as the cash ban law and was quashed in the Senate by a motion moved by a One Nation senator. “THEY” don’t want legal tender cash transactions THEY want a CBDC ,surely a cornerstone tool in Build back better.
You do have to wonder how long America can survive immersed in a coast-to-coast lie about EVERYTHING.
We will surely be reduced to the harsh reality of how much food and ammunition we have stockpiled.
“a coast-to-coast lie about EVERYTHING.”
From the video (with transcript) linked below, “The world that many of us believed existed no longer exists if it ever did… There are no ethical boundaries to what they will do. It is all about the utilitarian means justify the ends.”
PsyWars: Fifth Generation Warfare and Sovereignty
Molding, controlling, and capturing your thoughts, emotions, and beliefs are the objectives.
ROBERT W MALONE MD, MS
FEB 3, 2023
https://rwmalonemd.substack.com/p/psywars-fifth-generation-warfare
so when law enforcement is weaponized and the rule of law is discarded, we should all expect that to cascade throughout our society at every level. The intention is to create instability and chaos. Mission Accomplished as that idiot GWB once famously said.
Also, the courts are as responsible for this as the rest of the DC rats (elected and unelected). They allow the rule of law to be thrown in the bin.
Felix, the courts ignoring is the most vital part of their plan. If the courts did their lawful duty…..none of this would be possible: 2020 election would have have been stolen, 2022, the same. Free Americans would not have been jailed for voicing displeasure on Jan 6 while ignoring a summer of destruction and CHAZ’s. If the courts didn’t ignore in some areas while making up laws in others- Hunter Biden would be in jail, Joe Biden would be in jail, Pelosi the same, Garland too. AD Bragg as well. Not to mention a SCOTUS leaker and many others employed by 3 letter executive departments.
But the courts ignore. So we are here.
Biden is America’s version of Boris Yeltsin.
I’d take Boris over Biden any day. Boris actually WANTED to preserve his country, Russia.
Will this whole house of cards fall before it is set on fire? Right now I would say the odds are dead even if not tilted slightly in favor of fire, lots and lots of fire.
“there are no banking rules/laws in the Biden Fed/Treasury system.”
My first reaction when reading this….my eyes went back to the top of Sundance’s post and I read it again.
My take-away:
There are no banking rules/law in the Biden Fraud/Treasury system.
Honestly folks, I am no longer shocked or distressed by ANY daily “news” or “action(s)” at all; just numb.
It should be a clear signal at the beginning of the year that ALL top bigwigs cashed in and sold their interests and walked away without prosecution.
Ignoring the law is cool so long as it helps corrupt Democrats, mendacious RINOs, and 0’Bama’s beloved d33p stat3!
My Posts always seem to land in the spam box!!!!
Apologies J..and you’re not on our list! I found both of your comments in the bin. 🙁
At this point, what federal institution isn’t a paper tiger in the capacity as it was intended, and with the decoupling of most of the world and our petro-dollar, what does it really matter beyond a hastening. I wish this were just pessimism. If anything, this is just another marker of a reckoning.
Without a savvy and strong leader that’s sanctified by God it’s lights out. Plan accordingly
Exactly as I predicted would happen on the post a couple of days ago. JP Morgan in general and Jamie Dimon in particular are the frequent recipients of gifts from the FDIC. Nothing has changed in 15 years…
Obviously the FDIC is very corrupt.
Nothing to see here folks, move along. The Running Man airs at 8PM nightly. Required watching as usual.
We are having a revolution in America which will be followed by other nations mimicking ours if that is not already taking place (I think so but not as fast). Right now it is a soft revolt where the general population does not see the shifting of the deck chairs on our Titanic, ship of state. There is no blood running down our streets, this is presently a passive aggressive scene which the players in DC and NYC are great at playing.
Hey…look there, it’s gender dysphoria which we call Trans and they have rights! Meanwhile hands go into every Americans’ pocket taking monies out and leaving IOUs which won’t be paid back in our lifetime, if ever! Is there a way out of this morass?
Look behind the “hysterics” for those “rationals” that are pulling the strings. They are the enemies. Take note that the “believers” are not anywhere near the fore of this game changing fight. Change is all about us, yet when will balance come into play? After we experience the extremes?
Time to visit the Ancient Greeks and their notion of “Sophrosone” and yet who will take the time to understand such a concept? Education in America has been going strong for over 50+ years toward indoctrination…a political construct for sure. Creeping socialism is all around us, wiping out individual efforts as the group demands…get ready…”equity” which means everyone gets the same amount, even new illegals.
Let’s redefine the meaning of what it means to be an American. Who wants to do this? The group…get it, the faceless ones, the angry ones. And yet, in the background–in the fog they create, are their so called intellectuals who pull the strings: They are always there…read your histories. Bill Ayers is a wimp compared to those people!
Joe Biden is the Disney animatronic dunce Orwell warned us in his 1984. This soft revolution has been “gamed out” in ways beyond what the DOD does. However, just when one group thinks they are so smart another comes up to challenge.
How will we know when pushback is on it’s way? Is Tucker Carlson the canary in the mine? The left intends to “take out” Donald Trump, you know it, I know it and he knows it! When real blood–in copious amounts, runs in our streets, you will see what our police, National Guard and the Military will do, how they will respond.
Look then for that voice which says “Enough is enough, it all ends NOW!” A reckoning is on the way…
Military did not help Brazilian citizens.
Do not count on the Military or the National Guard or the Police to help you. Only local militias can help. They will import mercenaries from abroad just like in Melborne and Paris.
Too big to fail means it has already failed, we are just pretending no to know that.
I guess “no one is above the law!” doesn’t apply to banking cartels. Imagine if we had a true opposition party who would call this out. Instead we have the GOP.
A few years down the road they will make a movie about this. I think they should cast Chris Christie in the role of Jamie Diamond.
For the last several days, a local farm enterprise has been selling strawberries. Three different varieties – beautiful, not a blemish, hand-picked early this morning in the chill.
While the world is falling apart, the banks failing, a conflict where people are dying today, laws and rights overthrown, I am buying strawberries to keep one small, energetic part of this local world going. To make preserves for an uncertain future. That and prayer is all I can do today.
No one told us….
Criminals.
The Domino Effect comes back! Spent my youth in Vietnam and lost 50;000+ brothers to fighting Kissinger’s Falling Dominoes theory of Communism. We hadn’t even finished burying and grieving our brothers when the sands shifted and the Great Rust Belt began in earnest; by sending most of US manufacturing to Asia; China and Vietnam included. I’m wondering if our Bank Dominoes are going to be played to the same tune and how many of our people will be disappeared into the ground, so the Richer Ones can continue their games of bravado and conquest. America The Beautiful is rapidly turning dark and sinister; yet we do nothing!
Kissinger was in on it.
I am 64 years old. Besides the 4 glorious financial years of PDJT where my 401k was growing so much every day and the rest of our economic outlook was rosy, I cannot think of one era in my lifetime where there has not been war, economic struggles, real estate turbulence, and stormy seas.
Looking back at my life, I now see that the powerful people were causing strife and tumult in order to acquire fortunes at the expense of the little people.
I am grateful that I am at the end of my life. At least back then there was hope in our earthly lives.
Whoever has the gold makes the rules!
They love it when a plan comes together.
“San Francisco-based First Republic is the third midsize bank to fail in two months…”
OK, yet another CALIFORNIA banking institution gets bailed out.
Anyone see a pattern here?
If this plays out like 2008, watch for members of Congress to be found pulling investments out of failing banks. I would bet the Fed and FDIC have other banks lined up and spaced out over the next few months to avoid the appearance of collapse.
Even if Congress could do something legislatively, they won’t. Most likely the Fed and Treasury have already been briefing apocalyptic scenarios to frighten Congress into submission. They’ll have to destroy capitalism to save it. Again.
Feels like the end is upon us and the bank collapses will accelerate like they did in 2008.
We’re ALL communists now … utterly beholden to a corrupt, illegal, and unchecked bureaucrat-State. Now watch as ALL your assets disappear and get taken by The State. I see a Dr. Zhivago future for my cute little two-story home. Seized by The New Communist States of America and redistributed to families who speak Spanish and wait for day-labor work outside my local Home Depot.
Because as The NEW Communist States of America declares … “The First shall be Last, and the Last shall be First”. Because that worked so well for Mao. After all … Christ said it … and he must have meant that I should give up the home I built with my own hands and sacrifice … because … “I didn’t build that”