There’s something sketchy afoot in the world of high finance.  Following the collapse of Silicon Valley Bank, the most likely first contagion bank would have been First Republic Bank; both California banks carried similar vulnerabilities.  However, once the Treasury Dept agreed to cover all deposits, even those unsecured deposits over the $250k FDIC insurance protection, suddenly First Republic Bank survived.

After the FDIC announcement, a group of 11 larger banks lent First Republic a tranche of money ($30 billion) to secure its holdings and help stabilize it.  Approximately six weeks passed, suspiciously perhaps the burn rate for the tranche in combination with risk averse exits says I, and suddenly First Republic starts destabilizing again.  [Insert Suspicious Cat here]

The First Republic stock value collapsed further last week, and the FDIC is now trying to get a takeover bid secured before government regulators are forced into a position of receivership.   I’m not dialed in to the banking industry, but it looks to me like the six-week interim phase was an agreement to give the illusion of stability and afford time for highly exposed, ¹likely well connected, stakeholders to exit.

With the Treasury taking the prior SVB position, thereby securing all deposits regardless of scope, the FDIC is now on the hook if the collapse includes a govt takeover.  The FDIC seems to be playing hot potato and looking for a buyer.  Additionally, the FDIC is asking JP Morgan-Chase if they are interested.  JPMorgan holds more than 10% of all deposit funds in U.S. banking.  From a regulatory position, JPM cannot legally take any more institutional deposits.  So, what gives?  It is all sketchy, all of it.

(Bloomberg) — The Federal Deposit Insurance Corp. has asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., US Bancorp and Bank of America Corp. to submit final bids for First Republic Bank by Sunday after gauging initial interest earlier in the week, according to people with knowledge of the matter.

The regulator reached out to some banks late Thursday seeking indications of interest, including a proposed price and an estimated cost to the agency’s deposit insurance fund. Based on submissions received Friday, the regulator invited some of those firms and others to the next step in the bidding process, the people said, asking not to be named discussing the confidential talks.

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Comrade rebels, a remarkable bit of independent journalism by Lee Fang, who interviews a high-ranking Ukraine intelligence official named Ilia Vitiuk.

Within the interview the head of the Ukraine Cyber Information Security Service admits to how they use the FBI to pressure Facebook into removing content the Ukraine government doesn’t like.

[…] “Once we have a trace or evidence of disinformation campaigns via Facebook or other resources that are from the U.S., we pass this information to the FBI, along with writing directly to Facebook,” said llia Vitiuk, head of the Department of Cyber Information Security in the Security Service of Ukraine.

“We asked FBI for support to help us with Meta, to help us with others, and sometimes we get good results with that,” noted Vitiuk. “We say, ‘Okay, this was the person who was probably Russia’s influence.'” (read more) 

Apparently, Ukraine is as strong a democracy as the United States. Where the strength of democracy is defined by the thin-skinned sensibility of the government that must censor any voice that speaks against their policy.

All correct and good thinking citizens speak favorably about their government comrades.

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Office of Inspector General Michael Horowitz testified yesterday that more than 3.4 million search queries into the NSA database took place between Dec. 1st, 2020 and Nov. 30th, 2021, by government officials and/or contractors working on behalf of the federal government. These search queries were based on authorizations related to the Foreign Intelligence Surveillance Act (FISA).

[OIG Testimony HERE]

Approximately 30% of those 3.4 million search queries were outside the rules and regulations that govern warrantless searches, what the politically correct government calls “non-compliant searches.”

Additionally, IG Horowitz also admitted that somewhere north of 10,000 federal employees have access to conduct these searches of the NSA database; a database which contains the electronic data of every single American, including emails, text messages, social media posts, instant messages, direct messages, phone calls, geolocation identifiers, purchases by electronic funds, banking records and any keystroke any American person puts into any electronic device for any reason.

If we were in a functioning system of government everything would be stopped right now, and no conversation would be taking place that was not about this issue. This is the total and complete surveillance state being talked about as if we were discussing what’s for dinner.

This is beyond jaw-dropping.

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This should be embarrassing, even for a seriously self-centered politician so filled with hubris and visions of grandeur that he cannot see anything except his own magnanimity.  Alas, for the Narcissus Top Gov and the branding organization behind him, no scale of hubris exclaimed is excessive enough.

Florida Governor Ron DeSantis was in Israel Thursday, doing the obligatory indulgency tour all Republican presidential candidates must undertake before they officially announce.  During his pre-planned events, DeSantis took credit for moving the U.S-Israel embassy to Jerusalem.

[…] DeSantis presented the Trump administration’s decision to move the U.S. embassy to Jerusalem as his own achievement, saying he worked to “cajole” the former president to make the move. He didn’t mention former President Trump by name. (link)

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Florida Governor Ron DeSantis had no independent source of wealth, prior to this 2024 endeavor and collaborative operation.  Together with the multinational financing operation around him, in combination with the Murdoch book deal and advance payment, the $300k Governor is now worth millions.  Funny how that happens.  It’s no wonder Casey is tiara shopping while Florida residents are crushed by skyrocketing housing, insurance, taxes, energy and other unavoidable costs of living.

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If you are deep in the political research weeds about the weaponization of government, there is a letter from lawyers representing President Trump to the chair of the House Intel Committee that is very interesting [pdf available here].

The letter is written to HPSCI Chair Mike Turner and copied to the other seven members of the gang-of-eight in the Senate and House.  The letter outlines the details of the documents that became the contested issue between the DOJ-National Security Division (‘NSD’, important distinction), specifically a DOJ-NSD official named Jay Bratt, and the attorney for President Trump, Mr. Evan Corcoran.

The letter is fascinating because it outlines how the process of moving documents from the White House was weaponized by a politically motivated National Archives and Records Administration (“NARA”), and the letter also gives fulsome context to the types of “classified materials” that have been insanely over emphasized by media.

[…] “Tim Parlatore and Jim Trusty, two of the undersigned counsel for President Trump, reviewed all 15 boxes at NARA earlier this year and based on that review, it is clear to us what happened. The boxes contain all manner of documents from the White House, are loosely grouped by date, and include newspapers, magazines, notes, letters, and daily schedules. Following its review of the materials, NARA inserted placeholder pages where it had removed documents with classification markings. That allowed Messrs. Parlatore and Trusty to discern what the documents were, as well as what other materials in the boxes were in the proximity of the marked documents when the White House staff packed them. The vast majority of the placeholder inserts refer to briefings for phone calls with foreign leaders that were located near the schedule for those calls.”  (page 3, pdf link)

Additionally, get this part…  despite the standard process that has been in place for the prior four administrations, the NARA refused to participate in the collection of any documents from the White House during the transition phase following the November 2020 election.

The NARA refused to assist in the collection of the Trump records for national archive holding and review, and then the NARA triggered a sequence of events that led to the DOJ using a reference from the NARA, to weaponize a process they refused to engage in.  The NARA refused to do their specialized bureaucratic job, and then the NARA used what they defined as an incomplete job as a reason to refer the outcome to the DOJ.   The details are quite interesting.

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The Bureau of Economic Analysis (BEA) released their first quarter estimate of economic growth [DATA HERE] and the result of 1.1% growth shows how the U.S. economy has become dependent on government spending money we don’t have. The Gross Domestic Product (GDP) calculation is a valuation of all goods and services created within the U.S. economy, minus the value of goods and services imported.

Keep in mind that all calculations are in dollar terms. Personal consumption expenditure (PCE) prices increased 4.2% in the first quarter after increasing 3.7% in the fourth quarter. Excluding food and energy, the PCE “core” price index increased 4.9% after increasing 4.4%.   Two-thirds of the increased spending on goods was driven by higher prices, only one third by consumers purchasing more stuff.

Looking at Table 2 (the percentage change by sector) the increase in prices provided 2.48% lift to the GDP but the actual purchasing of goods only delivered 1.45%.  Meanwhile the decline in inventories subtracted 2.26% from the GDP, a major factor, and domestic investment has dropped subtracting 2.34%.

Government expenditures (+0.81) drove more than 70% of the total GDP growth as national defense spending (Ukraine War) was a major federal component.  The local and state government spending increase was driven by higher wage rates.   Don’t forget there’s $2.2 trillion in Inflation Reduction Act (Green New Deal) spending that is also within the economy.

Overall, this is a dark picture.  Inflation is still raging. Inventories are dropping as consumer purchasing is squeezed, and replacements goods are not being manufactured. Companies are tightening their belts.  The federal government is spending to try and assist the economy, but the private sector is contracting economic activity.

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As expected, the Florida Senate has passed the Ron DeSantis is a liar law, permitting the Florida Governor to run without resigning, by a vote of 28-12.

The previously created Ron DeSantis media group, Florida’s Voice, celebrates the news:

TALLAHASSEE, Fla. (FLV) – The Florida Senate approved an election overhaul bill Wednesday 28-12, which included a clarification to the “resign-to-run” law. The change would exempt officeholders seeking the position of U.S. president or vice president from the state’s “resign-to-run” law. (read more)

Florida’s Voice was proactively created and funded by billionaire donors, during their prior planning phase.  The Florida media outlet was created at the same time the ‘social media influencer’ program was put into the DeSantis plan.  This is all part of one very long continuum over multiple years.  The people who put the plan together simply followed the advice of Johnathan Gruber and “relied upon the stupidity of the Florida voter” not to notice it.

Meanwhile, NBC is breaking exclusive news the Ron DeSantis team plan to launch the official announcement mid-May.  Several weeks ago, after one of the official campaign contractors was hired, CTH shared what NBC is now confirming.

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For his daily podcast and discussion segment, UK pundit Neil Oliver puts the firing of Tucker Carlson into a unique context of human behavior.  Tucker is taken down like a trophy in the psychology of those who weaponize power.  Additionally, Oliver hits on a few points that are very accurate – albeit with some who would disagree – about the need for control being a reaction to fear.

The decisionmakers in the Carlson issue removed his voice from a position of weakness, not strength.  The decisionmakers, namely the Ruper Murdoch team, fear Carlson.  Lastly, as Oliver accurately notes, history is a wheel – and during travel there are times in the orbit of the wheel when the component part is traveling backwards. WATCH:

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As you listen to the outline, remember the position of Barack Obama’s former campaign manager, David Plouffe, “it is not enough to simply beat Trump. He must be destroyed thoroughly. His kind must not rise again.”…  There is a ring of historical human brutality to it.

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Earlier GM cut 5,000 salaried workers and several hundred hourly jobs. Ford previously announced it would cut a total of 3,000 salaried and contract jobs, mostly in North America and India.  Now, today, Chrysler parent company Stellantis announces 3,500 auto sector job cuts.

Stellantis owns the Jeep, Ram, Chrysler, Dodge and Fiat brands. Apparently, there is something in the U.S. economy that’s happening despite the great pretending….

Biden in Michigan, speaking to auto-workers, 2020

WASHINGTON, April 25 (Reuters) – Chrysler-parent Stellantis NV (STLAM.MI) wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages, according to a United Auto Workers union letter made public Tuesday.

The automaker is looking to reduce its hourly workforce offering incentive packages that include $50,000 payments for workers hired before 2007, UAW Local 1264 said in a letter dated Monday posted on its Facebook page.

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As I said yesterday when discussing the Tucker Carlson firing, “Talking about what happens behind the false front of the DC village is always a threat.   It is in the research and acceptance of the darkest pretending constructs that you realize how the illusions of choice are presented.” {more}

You have heard me say three phrases repeatedly: (1) There are trillions of dollars at stake; (2) live your best life; and (3) always trust your instincts.

The first element is the baseline.  The economics of the thing is always the structural reason for the outcome of anything and everything connected to the thing.  In simpler times we said, ‘follow the money,’ the core essence of that phrase still exists; however, in recent times the people who are controlling the outcomes have been more subversive at hiding the mechanics of their finance.

The second element is the outcome of acceptance.  No one is coming to save you, us, or anything.  We are in this battle together, a diversity of humanity that just wants to be left alone an live in freedom; but we are also in this battle alone.  No one in a position of institutional power is in alignment with our desire for freedom.  Rather than despair at the reality, embrace life and live it as fully and completely as possible – while simultaneously not giving power to the dark imaginings that facilitate the goals of those in power.  Throw sand in their machinery when possible.

The last point speaks to the inherent strength that exists within the human species.  Turn off the noise, turn away from voices that push the illusions into view, and trust your natural instincts that were provided by a loving God.  Into this concept remember there is no such thing as misinformation, disinformation or malinformation; there is only information.  That information may take the form of truth or lies. Use your God given skills to decipher the difference, and when in doubt pause and pray for assistance and clarity.

Take all that you instinctually and intellectually know, overlay the goals and objectives of those you understand seek to control your perspectives, and watch this video below.  Form your own opinion:

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