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:

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U.S. government officials are not happy as China confirms Chairman Xi Jinping visit to Russia next week to meet with President Putin.

In the background of the Ukraine conflict, smiling Panda has been happy to see distracted western nations bleeding their resources and treasury in support of Ukraine.  Meanwhile, happy Panda negotiates and brokers increased relationships between Russia, Iran, Saudi Arabia, India and China.

There is no downside to Chairman Xi visiting Russia and advancing a position that ‘peaceful negotiations’ should begin between Russia and Ukraine, unless a resolution to the conflict is against the geopolitical usefulness of the war – which appears to be the unfortunate current status.

“The U.S. on Friday said it would oppose any effort by China at the meeting to propose a ceasefire in Ukraine“…

Think about that.  Remember, Ukraine is to Washington DC as North Korea is to Beijing.

KYIV, Ukraine (AP) — Chinese President Xi Jinping plans to visit Moscow next week, offering a major diplomatic boost to Russian President Vladimir Putin on the same day the International Criminal Court announced it wants to put the Russian leader on trial for alleged war crimes.

Xi’s visit was the latest sign of Beijing’s emboldened diplomatic ambitions, and came amid sharpening East-West tensions over the war in Ukraine, now in its 13th month.  The U.S. on Friday said it would oppose any effort by China at the meeting to propose a ceasefire in Ukraine as the “ratification of Russian conquest.”

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The European Central Bank (ECB) raised interest rates again today, while simultaneously promising to support further bank bailouts that might come as an outcome of raising the rates again.   In the bigger picture there are two dynamics supported by the ECB playing out.

The first issue is the ideological effort to change the economic models based on climate change.  The Build Back Better (Green New Deal) policy, a traditional energy production control effort, is being supported by the ECB effort to shrink the EU economy to meet the rate of diminished energy production.  Make the economy smaller to meet the lower energy production rate.

Lowered energy production (oil, coal and natural gas) has raised energy prices; this is the fuel behind supply side inflation.  The Western (policy-created) energy inflation is hitting every aspect of the EU, US and western global economy.  The prices of all downstream goods and services have risen dramatically as a result.  The European banks are not going to stop trying to make the economy smaller just because banks are failing.  That brings us to the second issue.

Like the first issue with BBB controls, the World Economic Forum action plan for government also includes the creation of central bank digital currencies (CBDCs).  The collapsing of the traditional banking system supports the agenda to create CBDCs.  Raising interest rates puts more pressure on already weak banks.  This is a feature not a flaw of the intent.

Shifting the economy from traditional oil, coal and natural gas is one control aspect (climate change).  Shifting the banking system from traditional currency to central bank digital currencies is the second control aspect (total govt financial control).   The banking instability is the crisis that facilitates the CBDC solution.   Ergo, continue raising rates and continue making the crisis more useful.

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Small to medium sized banks along with credit unions are the best vehicle for Main Street USA small businesses.  Somehow in all the conversations about banking customers, this little factoid is seemingly, perhaps purposefully, overlooked.   WATCH:

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During today’s Senate Finance Committee hearing, Sen. Bill Cassidy (R-LA) questioned Treasury Sec. Janet Yellen about Social Security and the immediate cuts that take place in nine years if the current plan goes bankrupt.  The confrontation was professional, but also very focused.  WATCH:

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In a new Agenda47 video released today {Direct Rumble Link Here}, President Donald J. Trump explains the difference between the globalist establishment class, and those who are truly committed to stopping the Ukraine war and dismantling the entire neo-con nation-building industrial complex in Washington, D.C.  WATCH:

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[Transcript] – “We have never been closer to World War III than we are today under Joe Biden. A global conflict between nuclear-armed powers would mean death and destruction on a scale unmatched in human history. It would be nuclear Armageddon. NOTHING is more important than avoiding that nightmare. We will avoid it. But we need new leadership.

Every day this proxy battle in Ukraine continues, we risk global war. We must be absolutely clear that our objective is to IMMEDIATELY have a total cessation of hostilities. All shooting has to stop. This is the central issue. We need PEACE without delay.

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Before getting to the details of the Credit Suisse issue, it is worth taking a bigger geopolitical context to the dynamic.  The initial backstop sought by Credit Suisse was from the Saudi National Bank; however, SNB Chairman Ammar Abdul Wahed Al Khudairy refused more lending {LINK}.

This is where we need to keep the BRICS -vs- WEF dynamic in mind and consider that ideologically there is a conflict between the current agenda of the ‘western financial system’ (climate change) and the traditional energy developers.  This conflict has been playing out not only in the energy sector, but also the dynamic of support for Russia (an OPEC+ member) against the western sanction regime.  Ultimately, supporting Russia’s battle against NATO encroachments.

Russia, Saudi Arabia and China are geopolitically aligned in interest against the western financial system.  As a consequence, when western banks find themselves in need of capital and cash, there is a layered geopolitical dynamic in the background to Saudi refusal that must be considered.

With multiple western banks now in trouble, Credit Suisse is also exposed, and, like U.S. Treasury/Fed intervention in America, the Swiss central bank has stepped in to backstop the looming collapse.

In the big picture, we are seeing the ramifications of the ‘Build Back Better‘ agenda impacting the banking and finance sector which spearheaded it.  I am not seeing this discussed anywhere, as the western governments of the collapsing banks are being forced to intervene.

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This is so far beyond hubris, the gaslight from where hubris emanates would take a year to reach it.

Joe Biden spikes the football on the Twitter claiming to have lessened inflation he created. [LINK]

I try not to hold negative sentiments, but I cannot help but loathe this man.

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At the conclusion of his speech and remarks at a campaign rally event in Davenport, Iowa, President Trump did something very few candidates would ever do, he held an impromptu “ask me anything.”

A microphone was given to the audience and President Trump took unscripted questions, delivering answers directly from him, “off the cuff.”  Most political consultants would recoil from their managed candidate exposing themselves to any random audience question.  However, for President Trump the opportunity reflects just another example of an outsider speaking directly to the people he asks to represent.  The video of the Q&A is below and represents the authentic nature of “The People’s President.” WATCH:

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You cannot ‘create’ authenticity.  Either a candidate has it, or they do not.

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Knowing, not predicting – knowing – the Biden economic policies were going to create massive U.S. inflation in the years to follow, in 2021 I pinned a tweet thread to the top of my timeline on the CTH Twitter account that could be used as a reference. [You Can Read Here] Not a single month of statistical data has come in the past two years that was not entirely predictable.  Today’s report from the Bureau of Labor and Statistics (BLS) [DATA HERE] is no different.

Inflation is a measure of the change in a price. It is usually presented in terms of a percentage of change. When inflation starts to lessen, what that means is the rate of the price increase slows down. The price is still going up, but at a slower pace.

February prices overall increased 0.4% for the month, putting the current rate of annual inflation at 6.0%.  Meaning prices (on aggregate) are 6% higher than this exact same time last year.

Meanwhile, wages increased 0.2% for the month, and hours worked dropped 0.3% [DATA]. Wages only rising by half the rate of prices, and hours worked dropping, means the net ‘real wages’ declined, yet again, by 0.4%.

Workers are going backwards.

The very real impact on the working class is getting worse.  The blue collar team, who works for a living and does not take Instagram pictures of their lunches, are getting crushed in the Biden economy.  The divide between the ‘haves’ and the ‘have-nots’ is getting wider.

Put another way, Team MAGA, the entire continuum of normally apolitical working class, is watching the rust growing and feeling the worst part of the Biden economic outcome.  I have often spoken in my immediate circle of influence with the phrase, “financial anxiety is a very real concern the closer you get to the laundromat,” and many people have no idea what that means.

The biggest BS statement of the day goes to CNBC with this sentence:

“Inflation began rising in early 2021 due to a supply-and-demand imbalance. Now, it’s largely fueled by strong demand for labor, economists said.”  (link)

I challenge you to find a more encapsulating pile of horsepucky that represents the financial media era of great pretending.  When I read stuff like this, I begin to think the next great eruption of a violent war is getting even closer, and this war will have nothing to do with nations.

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