Everything about the process of cutting down energy exploitation, then driving supply side inflation, then raising interest rates to shrink demand (stem inflation) created by a desire to lower economic activity to the scale of diminished energy production, is a game of pretending.

The collateral damage from the rate hikes has been the banking destabilization, which shows the priority of the government officials and central banks to support the climate change agenda.  Into the game of pretending comes the second unavoidable consequence with inflation continuing as a result of the energy policy.

They simply cannot cut energy demand enough to meet the diminished scale of production.  There is no alternative ‘green’ energy system in place to make up the difference. That is the reality.  Now, the fed is scheduled to raise rates again, then begin to debate the collateral damage as they continue the pretending game.

(Via Wall Street Journal) – […] Another quarter-percentage point increase would lift the benchmark federal-funds rate to a 16-year high. The Fed began raising rates from near zero in March 2022.

Fed officials increased rates by a quarter point on March 22 to a range between 4.75% and 5%. That increase occurred with officials just beginning to grapple with the potential fallout of two midsize bank failures in March.

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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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CTH has been warning about how the multinationals use the false construct of the DC Potemkin Village to keep people distracted from the true power center that is in control of the system of our national government.  Just as Washington DC and the Legislative branch do not write legislation, the DC system does not control the regulations that flow as an outcome of the Executive branch policy.

Behind the Potemkin Village we discover the mechanisms and people who write the laws, construct the rules, and pay for control over the priority and execution of policy.  Corporations are in control of government; the politicians are the faces that keep everyone distracted.  This dynamic was recently highlighted when Senator Lindsey Graham discovered during a television broadcast that he was a sponsor of a bill he didn’t even understand.

The RNC and DNC are two private corporations within this dynamic.  The same funding mechanisms and corporations behind the Potemkin Village are the same funding mechanisms and corporations who fund the RNC and DNC.  This is one big political apparatus that gives the illusion of government, while the corporations exfiltrate the wealth using laws they construct and policies they create.

Earlier this year we warned these same multinational entities would use the “culture war” to enhance the distraction.  This is ‘The Big Trap.’  Earlier today NBC’s Chuck Todd ran the promotional preview for the 2024 deployment.  WATCH (2 minutes):

Prior to the 2012 election and the rise of the Sandra Fluke free birth control narrative, we used to call them social issues; however, the usefulness of cultural wars has morphed into the larger war of wokeism.

In the big picture, keeping the voting base distracted from the economic expansion of multinational globalism, the corporate ‘masters of the universe’ (ie. the Big Club within both parties), need to keep pushing wokeism and anti-wokeism as a political strategy.  The cultural issues are useful tools to keep control of an alignment of voters.  It has always been thus, and even more important now that people are starting to realize the expansion of the rust belt.

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Over the weekend Ann Coulter’s ex-boyfriend interviewed Elon Musk on his legacy enterprise HBO television show.  The interview is interesting from the dynamic of a few short soundbites that come from a brief discussion.  It’s 20 minutes for those who are interested.  WATCH:

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Gary Cohn is connected to the banking and finance industry, well connected.  In this interview with Face The Nation earlier today, Cohn is discussing the current status of First Republic Bank, another big player in the California banking system that is about to collapse.  Cohn notes something at the 1:15 mark that just seems obvious yet is undiscussed in most outlines of the FRB discussion.

Six weeks ago, in an effort organized by the FDIC, $30 billion was pushed into FRB by eleven larger banks to stabilize it.  However, the only thing that infusion of capital did was allow institutional depositors time and ability to withdraw their funds. A complete racket.  Once the at-risk group exits, suddenly the collapse is back on the tee.  WATCH:

[Transcript] – MARGARET BRENNAN: We want to turn now to Gary Cohn, who is the vice chairman of IBM, former Goldman Sachs president and a former Trump administration top economic adviser. Good morning to you. Lots of titles, Gary, Lots of experience. That’s why we like having you here. I want to ask you about what’s happening with First Republic. It’s been under pressure. We know they’ve been looking for a buyer, the FDIC, the government is looking to arrange, moving it into government control and then maybe selling it. What are you hearing about how this would roll out?

GARY COHN: Margaret, thanks for having me. I think you’re portraying the situation as we find ourselves again on a weekend. As we closed business of Friday, the FDIC was in a process of looking for acquirers or bidders for the assets over the course of the weekend. I think the FDIC has asked potentially three banks for their final bids for the entire bank. The FDIC would prefer to sell the bank in its entirety than the pieces. What will most likely happen is the FDIC will seize control and then simultaneously resell the asset to the successful bidder. I think that will happen sometime later this afternoon before the markets open in Asia this evening.

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Victor Davis Hanson often has a unique big picture perspective on current events, linking and contrasting the disconnected high-brow outlook to the pragmatic perspectives of the modern populist movement.

Hanson takes an academic approach to the reality of current social constructs, yet in his own unique way he can describe the current status in a thoughtful and practical way.  In this analysis VDH contrasts the goals of the ideological media, specifically the goals of those in the Republican wing of the media control apparatus, to the reality they have created by removing the voice of Tucker Carlson.  WATCH:

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In their quest to control the mounting opposition to the corporate manipulation behind the DC Potemkin Village, the corporate media are creating a nimbler and more consequential army of opposition to their efforts.  The need for control is a reaction to fear.

There is a particular type of spider that carries several hundreds of young on her body after birth.  If you spot one of these in your shower, and your irrational fear instinct is to smash what seems to be a big scary spider, what you discover in the aftermath is the bathtub walls moving.  Yes, you may have squished the spider, but hundreds of smaller spiders are now crawling all around you.

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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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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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It is challenging for most of us who have done deep research in the business of human trafficking and smuggling, a process supported by both Democrats and Republicans in DC, to hear them claim they were not aware of the issue until recently.  CTH Archive Here and TLDR; version HERE.

According to testimony as delivered today, 85,000 illegal alien children, who were trafficked across the southern U.S. border and sold into slavery and the sex trade, are missing.  The number is considerably higher than that, but the congressional record will exist with that number today. {Direct Rumble Link} WATCH:

[ SEE SUMMARY OF RESEARCH HERE ]

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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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