According to those who relish the Cloward-Piven strategy, things are proceeding swimmingly.
…”As long as the decisionmakers continue doing the things that are creating the crisis, the crisis will continue.”
Federal Reserve Chairman Jerome Powell said yesterday the “U.S banking system is sound and resilient,” insert uncomfortable snicker here. However, uncertainty is continuing to pummel the banking industry, despite assurances from the Fed, Treasury, FDIC financial regulators and bankers such as Jamie Dimon who are all saying there is no crisis in the banking industry.
If you want to know the big picture source of the uncertainty, it’s the great pretending. The average person can sense something is wrong, and the person who pays attention has the experience of institutional lying over the past several years. The last ten years of lying and pretending has created the biggest collapse in institutional trust in U.S. history.
Russians interfered with the election – trust us. Stick this needle in your arm, it’s safe – trust us. The FBI are the good guys – trust us. Biden won more votes – trust us. This inflation is merely transitory – trust us.
See the problem?
So, when the same voices shout, “the banking industry is sound, trust us,” well,… yeah, that suspicious cat sense that’s on high alert isn’t buying the chorus.
Reasonably intelligent people who accept things as they are, not as they would have us pretend them to be, can see the core connection to the World Economic Forum, Central Banks, and western globalist policy to change the entire dynamic of economics and finance around the “Climate Change” agenda, or Build Back Better, or Green New Deal.
Overlay that commonsense and pragmatic outlook with the logical consequences of the activity, and this banking collapse issue is a self-fulfilling prophecy. As long as the decision makers continue doing the things that are creating the crisis, the crisis will continue.
(Via Wall Street Journal) – Regional-bank stocks tumbled Thursday despite assurances from the Federal Reserve that the banking system is on solid footing.
PacWest Bancorp PACW -47.04%decrease; red down pointing triangle, which has been hit hard since the collapses of several banks, dropped by about 40%. The stock started falling in after-hours trading Wednesday evening, after a report that it was considering selling itself.
PacWest said in a statement after midnight Eastern Time Thursday that its core customer deposits were up since the end of the first quarter, and that it hadn’t experienced any unusual deposit flows since the collapse of First Republic.
[…] Investors have been wondering how much further the problems in regional-banking could spread, and whether they will spill over to the broader economy. Some analysts said the decline in PacWest and others reflected the market’s tendency to view news as categorically good or bad, rather than worries about PacWest specifically. Western Alliance, another bank whose stock has been hit hard, fell by about 35%.
[…] Regional banks, as major lenders to businesses and families across the U.S., also tend to fall when investors are expecting a recession. The 10-year Treasury yield slipped this week, and Brent crude hit a 52-week low on Wednesday.
[…] On Wednesday afternoon, the Fed said the U.S. banking system “is sound and resilient,” echoing language from its March statement. Fed Chair Jerome Powell added then that deposit flows at banks had eased and that this week’s seizure and sale of First Republic should further stabilize the industry.
[…] PacWest shares were recently trading around $3.70, putting them on track for their lowest close on record. The stock has now lost some 85% of its value since March 8, the day that SVB spooked bank investors by announcing a loss and a planned capital raise.
Many of PacWest’s customers are tied to technology startups—a tightknit clientele that pulled from high-balance accounts en masse at Silicon Valley Bank before it failed. (more)
Can you list the banks largest down? I would imagine anything below 10 and maybe below 5 is the worry line. 5 would be few enough to be easily controllable and also enough to claim there is sufficient competition.
https://en.wikipedia.org/wiki/List_of_largest_bank_failures_in_the_United_States
Sorry, I meant the largest current active banks. The ones the FEDs and such would want everyone to eventually have their Central Bank Digital Currency in. I’m assuming JP Morgans is up there. Wells Fargo I guess.
PART BINGO! The PLAN, in my view, is to REDUCE the number of banks to between 5-7 MAJOR banks. Then the Globalists et al and this Mao Xiden Regime WILL totally control them with another PURPOSE of going to Digital Currency= CONTROL over us!
https://fee.org/articles/why-the-federal-reserve-pays-interest-to-your-bank-and-you-get-nothing/
The Controllers want all regional and local banks gone. With eventually 3 large banks, easier to control them.
That was my question above. What are the current 3-5 biggest banks that will eventually have accounts of all Americans…….or so they want?
JP Morgan, BoA, Wells Fargo
I think you are correct. I just had an epiphany. I am guessing the assault is on the larger regional ones for now. The local ones will be sitting ducks once that is complete. Ultimately all we can do is use our God given judgement and common sense.
After SVB there was a moment when the public became concerned about an industry wide meltdown. Those fears were allayed thinks to the Treasury announcing depositor backstops. Well we all know where that funding is coming from. Notice they are no longer even mentioning “depositor concerns.”
“Everything is AOk and this time BofA will take this one over yada yada.” They are obviously going to keep this narrative going as long as possible.
I have heard so called conservatives (MAYBE) say we should NOT participate in any form of a mass bank run. They say “We would play right into “”Their”” hands and they will implement CBDC.”I suspect those people are controlled opposition plants. That is a LIE. However we do not dare attempt until we have enough Patriots at the ready to follow through. Hell is coming. I know it is hard to believe. Some days I ignore it altogether and pretend everything is normal and/or this can all be fixed. And that is me lying to myself.
This CANNOT go on forever…..this WILLNOT go on forever….best to do it on our terms.
No one is talking about the 15 million military age mostly male invaders on our soil. The banks will seem like the least of your problems. There’s a connection between them and these demons in D.C. wanting to pick a fight with Russia. Send all our white young men to fight thire brothers in the Butcherd Lands and the takeover here will be easier.
I am…..2 reasons they have opened up the dam.
–TPTB are extremely scared of things like bank runs but even worse Blue Collar Worker walk outs. Just think what would happen if 20% of the truckers quit deliveries to the city. Now think about 20% of every BCW industry “shrugging” to reference Ayn Rand. They are bringing them in fast and hard. Knowledge and trade not important as this is a Chinese fire drill now. Get the bodies ready to move in, worry about getting them up to speed later. They need to replace the American Spirit/Culture. It is a very real danger an “they” are right to be concerned.
–To balkanize the land. Look to Yugoslavia if you want to see what happens. A bunch of people with many different cultures will find harder against banding together in times of hardship. It makes a consolidating power in a vacuum even more difficult. It also keeps the proles fighting amongst themselves. Those seeds have already been sewn. Look at the hatred out there as more groups are legitimized. Same as #1 its a Chinese fire drill.
There’s no doubt something is up with the border since Jan 2021. This has went far and above anything we have ever experienced here. Again, its a race against the clock.
I believe this also, and our reps do not want to acknowledge this is happening
the shorts will make a fortune
The battle right now is all about the upcoming debt ceiling vote. Treasury Secretary Yellen and the Biden administration want to either:
That’s why Yellen is threatening to declare a default on the U.S. government debt (which would immediately crash the stock market) if no agreement is reached by June 1. But she has two problems:
I like your “problems,” especially the second one.
The default date is not June 1, it is sometime between July-September depending on tax revenue. Even if a debt ceiling agreement is not reached the treasury takes in enough revenue monthly to cover the interest on the national debt. Yellen is not going to default on the national debt.
The bond market in the USA is much, much larger than the stock market. In a default the bond market would take a hit first especially the repo market. If the bond market tanks then the stock market will follow. The stock market might go down before June 1, but I doubt it will collapse.
https://www.cbo.gov/publication/58945
Was asking the questions where do Commercial Banks stand in this CDBC scenario? Surely they would be against every person having a Digital ID/Wallet? Don’t think there would be much need for them. Seeing this headline and article I think it just hit me.
I am not saying this was all engineered because I hate giving assholes too much credit. However I am thinking this will dwindle down the number of regional banks perhaps to land them all into the laps of the Jamie Dimon’s of the world. Jamie and the fellers keep the executives of these companies fat and cozy while they begin to further deconstruct and swallow up the regional system.
Perhaps in a year the US has 20 very large banking entities and a multitude of very small local ones? Something like this MUST happen because the Commercial Banking Industry is still a very large force. Don’t claim to understand it all but I don’t think it can be done without their assistance.
Are Credit Unions better? Or is that even worse?
I’d like to know this, too.
The regional banks are down because the corrupt wall street hedge funds are shorting the hell out of the KRE ETF (regional bank index fund).
They’re trying to break banks that aren’t actually in trouble.
Start here to get an explanation and composition of the Federal Reserve System. There are links in the article that start you along the trail to get to names of people and banking entities that operate the US Federal Reserve Bank.
https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-system.htm
Align the HQ’s of major US Banks and Financial Holding entities with the 12 US Federal Reserve Bank Entities across the US.
These people are the US Puppet Master Franchise and major members of the Board of Directors for the Global Corporation, located in DAVOS.
Here is some interesting food for thought.
I hold a brokered Fidelity Brokered CD held Signature Bank.
Interesting Points:
Fidelity knows what is happening with the banks as a member of the TOP 5 sized brokers in the World. They were brokering the Principal CD.
Fidelity reported they were filing a claim om on behalf 2 days after the Bank Failure was announced and then poof …
That Principal CD is STILL REPORTING INTEREST.
Why are all the banks in California? Are the bank regulators out to lunch there?
I think we need to take note that the regional banks that failed had many investors related to tech startups. Perhaps the risk of those investments are the issue. And banks that do not have a lot of depositors of tech startups money do not face similar risks?
I read that SVB would lend money to a tech startup and make the startup deposit the money in SVB. So their overall balance sheet was skewed.
And then make a jumbo loan with interest only payments for ten years.