I almost feel sorry for her. It's hard watching someone with severe brain damage trying to answer questions.
2nd US Bank failure!
- Thread starter bretto
- Start date
I almost feel sorry for her. It's hard watching someone with severe brain damage trying to answer questions.
Michael Kay
Well-Known Member
She looked senile, spouting the old "to restore confidence" bullcrap... in the back of my mind i felt she was thinking "I'm from Brooklyn, I work for Wall St... I dont give a fuck about some bank in Oklahoma".
herkyderky
Well-Known Member
Interestingly, the Wall Street Jurnal waited till after the close of trade on Friday to announce that 186 other banks could suffer
the same fate as Silicone Valley Bank.
I think next week it's going to be another wild week in all the financial and precious metal markets.
Hold on to your hats!
the same fate as Silicone Valley Bank.
I think next week it's going to be another wild week in all the financial and precious metal markets.
Hold on to your hats!
Bob Moriarty explains the financial situation we find ourselves in better than most talking heads, always a pleasure listening to him.
The entire banking system is bankrupt, says Bob Moriarty. "All banks are at risk." Gold spiked on Friday as investors rushed towards real assets. He discusses how the real problem is the one nobody is talking about yet: the derivative bubble. Derivatives have introduced unprecedented counter-party risk into the system. The solution? "You cannot have an honest economy without honest money."
The entire banking system is bankrupt, says Bob Moriarty. "All banks are at risk." Gold spiked on Friday as investors rushed towards real assets. He discusses how the real problem is the one nobody is talking about yet: the derivative bubble. Derivatives have introduced unprecedented counter-party risk into the system. The solution? "You cannot have an honest economy without honest money."
I'm having trouble finding the clip, but Yellen testifying to the senate has said they won't be bailing out every bank and basically chucked the smaller rural banks under the bus, by saying there priority would be to support the banks that are too big to fail. I know where I'd be heading Monday morning if I banked with a minor.
Probably won't add many numbers to those withdrawing funds, but the talk is that Trump will be arrested on Tuesday over the Stormy Daniels payoff, and some MAGA followers are calling for a hit where it hurts and to join (or start ) a bank run and "hit them where it hurts". Part of the thinking being that any riots would likely be led by Fed Bois and Antifa wearing MAGA hats.
Probably won't add many numbers to those withdrawing funds, but the talk is that Trump will be arrested on Tuesday over the Stormy Daniels payoff, and some MAGA followers are calling for a hit where it hurts and to join (or start ) a bank run and "hit them where it hurts". Part of the thinking being that any riots would likely be led by Fed Bois and Antifa wearing MAGA hats.
SilverNGold
Well-Known Member
The Yellen clip is shown within the Rich Dad Radio show (within first few minutes) posted by herkyderky at 6:46am today in this thread. The whole discussion is worth watching.
It is going to be interesting to see what happens when the new week starts in the US.
It is going to be interesting to see what happens when the new week starts in the US.
They know the state of the banking system of course.
They had plans for when it happened and they knew it would. None of this is an accident.
They had plans for when it happened and they knew it would. None of this is an accident.
The way I read it was that she didn't want to offer the same insurance to all banks because she knows she only has 125bn in Insurance and the FDIC has 9.5t in deposits that would need to be covered. But at the same time, she left the door open to any bank of their choosing getting the golden parachute if they feel letting it fail will have systemic collapse risk. aka. They get to bail out who ever the F they feel like and who has greased the palms of the right people over the years.
The points raised by Kiyosaki and Schectman about this crazy bitch and her MMT theory and setting things up so that all that's left is the large commercial banks. Then they would just need to let one of them fail and only offer a Fed Coin as a bailout. Boom a Fed Coin enforced on everyone. That shit is scary and is something every person should forcefully push back against. AKA if your government even hints at going down this path, it should be overthrown by force immediately .
DJE
Well-Known Member
The last three years has proven society will not push back, only a minority will and that is not enough unfortunately, they were warned of everything playing out today, and they still keep their heads buried in the sand.
Obedient good little zombie slaves.
It's just one of the tools that keeps the system juiced. It's a nice life line knowing whenever a country needs some extra USD they can just call up the FED.
Yes it's one tool that allows inflation to persist. I would assume there would be lagging effect much like interest rates. You might not see it as a direct connection, as it takes time to work its way through the system.
One overly simplified example;
-Foreign banks inform their CB they are having USD drain.
-Foreign CB needs to conduct swap with FED.
-Foreign CB then provides USD's to banks in their country.
-Banks recap their USD drain.
-Banks now confident to make new USD loans or credit lines to Business.
-Business now have USD to pay USD denominated debt.
-Confidence is restored, let the party continue.
-Risk is a thing of the past.
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Term days is not that meaningful amongst CB's, as they can be perpetually rolled over.
But I'm sure the swaps are used for many things, boosting banks balance sheet as you said would be one of them. To my understanding CB's never disclose what the swaps are used for, so we can only guess.