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Fed, Treasury, and FDIC Announce Actions to Backstop Banks

Fed, Treasury, and FDIC Announce Actions to Backstop Banks

The U.S. government on Sunday sought to affirm confidence in the U.S. banking system by announcing protection for all depositors in Silicon Valley Bank.

Treasury Secretary Janet Yellen approved measures to resolve the failure of Silicon Valley Bank “in a manner that fully protects all depositors,” the Treasury said Sunday in a joint statement with the Fed and FDIC.

This means that deposits beyond the $250,000 limit on FDIC insurance will be available on Monday. The Treasury said the measures will not come at a cost to taxpayers.

In a joint statement by the U.S. Treasury, the Federal Reserve, and the Federal Deposit Insurance Corp, the government said:

Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.

After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.

Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.

The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe.

The Federal Reserve added:

To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.

The Federal Reserve is prepared to address any liquidity pressures that may arise.

The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.

With approval of the Treasury Secretary, the Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP. The Federal Reserve does not anticipate that it will be necessary to draw on these backstop funds.

After receiving a recommendation from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, Treasury Secretary Yellen, after consultation with the President, approved actions to enable the FDIC to complete its resolution of Silicon Valley Bank in a manner that fully protects all depositors, both insured and uninsured. These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy.

The Board is carefully monitoring developments in financial markets. The capital and liquidity positions of the U.S. banking system are strong and the U.S. financial system is resilient.

Depository institutions may obtain liquidity against a wide range of collateral through the discount window, which remains open and available. In addition, the discount window will apply the same margins used for the securities eligible for the BTFP, further increasing lendable value at the window.

The Board is closely monitoring conditions across the financial system and is prepared to use its full range of tools to support households and businesses, and will take additional steps as appropriate.

Comments   

# But I Feel BetterForrest Mosby 2023-03-13 19:05
Since the brandon/barack cartel has said it’s all ok…
# Prob First Thing Would BeForrest Mosby 2023-03-13 17:13
To stop loans to China…Then fire everybody currently in power in a bank-anywhere
# ShadesofGreenShadesofgreen 2023-03-13 11:57
The open window that the private banks are using is illegal as this window only provides loans.

So how is the Fed getting this approval through CONGRESS!

Remember the Credit limit anyone!

This Credit limit hasn’t been approved yet.

This is a ROGUE TOTALITARIAN GOVERNMENT!
-2 # Biden fixes everything - but good...dave0975644 2023-03-13 09:06
https://www.zerohedge.com/markets/watch-live-president-biden-explains-resilience-us-banking-system
+1 # Political Banking?acturner067 2023-03-13 08:48
All Gay-Banks are subject to failure but no one will not lose any money. Now on the other hand any banks that refuse to go 'Woke' should fail will lose it all?
# Spinninggpfl 2023-03-13 08:31
The toilet has been flushed. Hold On!!!!
-2 # I hate to even post thisSrmay72 2023-03-13 08:09
Satire or not this WILL BE THE CRAZE FOR MENTALLY ILL TRANS MEN WHO WANT TO EXPERIENCE CHILD BIRTH.https://twitter.com/BruceNeely5/status/1635013286117748736?t=CeJ_HIIgpOhwDL5bbL01Kw&s=19
-1 # Oh nodebbifaye 2023-03-13 08:45
Now all these woke politicians/officials will never get any work done. Not good to give them any ideas.
-1 # █▓▒░ The Federal Reserve Central Bank Is Now Your Personalized Bank ░▒▓█Palehorse 2023-03-13 08:04
|

“...Federal Reserve announced a rescue plan on Sunday evening
that is going to radically change banking in America forever.”

“All deposits at Silicon Valley Bank and Signature Bank will be
fully guaranteed and will be available on Monday.”

“So what this means is that from this point forward the Federal Reserve
is essentially promising to guarantee every bank account in America.”

(IN OTHER WORDS... THE BANKING SYSTEM HAS FAILED, Plain and Simple.)

“I want to show you that I am not exaggerating one bit.  The following
is the announcement about this new plan that was just posted on the
official website of the Federal Reserve…”

https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm

http://endoftheamericandream.com/the-federal-reserve-just-made-an-emergency-decision-which-will-fundamentally-change-banking-in-america-forever/
# Next domino...dave0975644 2023-03-13 07:50
https://www.zerohedge.com/markets/first-republic-shares-crash-60-regional-bank-crisis-confidence-spreads

https://finance.yahoo.com/quote/FRC?p=FRC&.tsrc=fin-srch
# Chinese Investment Capitoldebbifaye 2023-03-13 07:05
Now that the FED Reserve Board has taken over the bank in this country, but not other outlets abroad, will it become impossible to subpoena or review any records that might relate with any politician's involvement with the CCP since it's in the FED's custody?
-1 # More...dave0975644 2023-03-13 06:03
decent summary:
https://www.zerohedge.com/news/2023-03-11/weekly-part-1-what-happened-silicon-valley-bank-friday
-1 # Worth reading...dave0975644 2023-03-13 05:41
still relevant:
https://theintercept.com/2023/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic/
https://www.cnbc.com/2023/03/11/silicon-valley-bank-employees-received-bonuses-hours-before-takeover.html

above linked from (somewhat outdated by events):
https://news.slashdot.org/story/23/03/12/1757228/no-federal-bailout-for-svb-says-us-bank-had-weakened-regulations-paid-bonuses
-1 # RE: Worth reading...dave0975644 2023-03-13 05:45
Quoting dave0975644:
still relevant:
https://theintercept.com/2023/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic/
https://www.cnbc.com/2023/03/11/silicon-valley-bank-employees-received-bonuses-hours-before-takeover.html

above linked from (somewhat outdated by events):
https://news.slashdot.org/story/23/03/12/1757228/no-federal-bailout-for-svb-says-us-bank-had-weakened-regulations-paid-bonuses


And the Intercept reports that earlier the bank had successfully lobbied for the rollback of protective rules established in the wake of the 2008 financial crisis. "The lobbying effort managed to exempt banks the size of Silicon Valley Bank from more stringent regulations, including stress tests aimed at uncovering the type of weaknesses that led to the bank's implosion Friday."
+5 # The "Shell game" run by swindlers!Smiley1984*! 2023-03-13 05:04
When will people realize the Usury banking system is a fraud, that you cannot pay a debt with even more debt, and that Fiat currency is just monopoly money; with the monopoly being the FED and banks.

The Fiat money is created out of thin air: with banks using Fiat deposits to secure up to ten times as much loan capital. They encourage people to live on debt, then when they cannot pay off the debt-take REAL ASSETS!

This also happens to countries like Greece who were paying 20% interest then had to give : ports, airports and islands to pay their debt!

This latest rouse in a shell game: called hide the debt and they have created another identity to help them do that; the BTFP. They want to put the people to sleep while the wealthy extract their funds so that when the people wake up again it will be too late!

Americas debt is over $31.6 Trillion: that is nearly $95,000 per person; nobody wanted to buy dollar bonds at 4.005%-NOBODY!

This whole system has run it's coarse and is about to come falling down: just as it is designed to do!
+3 # Years of Rampant Speculation and Excessive risk-taking are “coming back to bite them hard” the situation will “devolve very rapidly.”White Lightning aka Raptor 2023-03-13 01:53
Stephanie Pomboy, the US economist known for her predictions of America’s early 2000s housing bubble and the 2008 global financial collapse, has sounded the alarm on a recent spate of bank and cryptocurrency failures that could be just the beginning of another cascading crisis.

“What we’re facing right now is really serious,” Pomboy, founder of economic research firm MacroMavens, said on Friday in a Fox News interview. “We are on the brink of a 2008-style financial crisis.”

Pomboy made her assessment in the wake of Friday’s shutdown of Silicon Valley Bank (SVB) by federal regulators – the second-largest failure in US banking history. SVB’s collapse came on the heels of this week’s closure of cryptocurrency lender Silvergate Bank, as well as the bankruptcies last fall of crypto firms FTX, BlockFi, and Three Arrows Capital.

“Look, you don’t raise rates in record fashion on an economy toting record leverage at maximum speculation and expect no consequences,” the economist said. “This was clearly going to happen, and now we’re seeing the weak links in the chain break. The areas where speculation was most rampant and most egregious are clearly coming down.” She added that years of excessive risk-taking are “coming back to bite them hard” and predicted that the situation will “devolve very rapidly.”
+2 # Over $250 billion swindled from US pandemic fundWhite Lightning aka Raptor 2023-03-13 01:47
More than $250 billion in Covid-19 relief funds were lost to “fraud” and “waste,” the directors of three US government agencies testified before the House Oversight and Accountability subcommittee on Thursday.

Compounding what Deputy Inspector General Sheldon Shoemaker of the Small Business Administration (SBA) called “the biggest fraud in a generation,” the officials stressed that the figures they gave represented an extremely conservative estimate of the total amount lost as they did not include the amount defrauded from the Pandemic Unemployment Assistance program.
+2 # All by Designscrarjg 2023-03-13 01:46
And after the Vulture big banks or Muskrat buys all the liquid assets at bargain basement prices, we the people shore up the toxic derivatives no one wants! Win Win for them…Lose Lose for us….AGAIN! Beyond time we get out of their money majick system…gonna take a lot of ammo and lives on both sides bit, there is no other way to stop these creatures!
# Glad to see someone GETS ITwatchmann 2023-03-13 01:55
Beyond time we get out of their money majick system…gonna take a lot of ammo and lives on both sides bit, there is no other way to stop these creatures!

Glad to see someone GETS IT.

Its hard to mount a revolt with NO money in the bank, and no gas in the car, no food, etc.

This is a reprieve for true Patriots who get it.

Its the 99% vs the 1%.

I don't know why we have waited this long to take action.

I guess too many ball games on tv.
+1 # Is BTFP another name for bailinsBob 2023-03-13 01:41
Remember Cyprus I'm 2012 or 2013? Somehow, someway you can be sure us peons will get stuck with the tab.
+6 # The best way...Gulfcaptain 2023-03-13 01:32
The best way to rob a bank is to own one.
+3 # Well...Gulfcaptain 2023-03-13 01:31
Well I think I will start a new bank. Hell, you can't lose!!
+1 # They bought time...oak2022 2023-03-13 01:20
They may have bought time, but the underlying causes of financial instability have not been addressed nor have additional pressures from unfolding world events accounted for. In any event, they actually cheer on the collapse as central bankers will make a fortune all the way down and buy up anything worth having at the bottom. Then ride the next bubble in whatever shape that may be. All the World is a stage. We are merely playing out the last scenes of a tragedy.
+1 # You need to....watchmann 2023-03-13 01:44
You need to read this, the blue print of our future:

The Protocols of Zion
https://files.catbox.moe/itw9c6.pdf

Once you understand the game plan, there are no surprises.
# Draw Neigh To God And He Draws Neigh To YouDolph 2023-03-14 00:42
You draw neigh to God by reading His Word, the Bible, following His guidance and talking to Him, praying.

Most have one foot in the world and one foot in the kingdom, or less.

Many are pseudo Christians, luke-warm, but you must be truly born again, sold out to see God work in your life.

When you know that you know that God is real and His Bible is true it's a new ball game. It makes every day a joyful experience but to get there you must make a serious effert, not half-hearted.

Politics can be a religion and you can tell who is saved from what comes out of their mouths.

I've been saved 44 years and I am hoping for the end of this age as I see the perfect storm is coming. It's a time of great joy to me because I know the script. I've read the end of the Book and the Christians win.

If you're not happy you need to get saved but do it quickly. The rapture could be tonight!!! It's very easy and it's free! Wake up to reality!

Tsunami tomorrow, war Wednesday?? Serious watch dates based on strong prophetic dreams and visions. Surrender to Jesus tonight!
+2 # Thats it.jddonahey1990 2023-03-13 00:51
I am done on trying to warn people that make me look like an insane person. I will stay alert. But I am done being the doomsday guy. Mouth is shut.

Another nothing burger. My family thinks I am nuts, and why wouldn't they? everything I warn them of proves to be false. DONE.
-11 # Hal, WHY are you Disparaging about this Development???watchmann 2023-03-13 00:31
Hal,

I take it from your gif/photo on this post, that YOU ARE EXTREMELY DISAPPOINTED THAT THERE WILL BE NO BANK RUNS THIS WEEK.

EXACTLY WHY IS THAT?

PLEASE EXPLAIN.

You want to see people thrown out of their jobs and their homes?

You want to see people starving and homeless because they have no money, and their banks are closed because of a National Bank Holiday?

Who are YOU???

What is the matter with YOU???

So the can was kicked down the road for awhile. This can has been kicked down the road since the 1970's, longer than most of your readers/listeners have been alive.

Exactly WHY are you NOT happy?

WHO are thinking of? Yourself?


What is the matter with YOU???

Get into your prayer closet and converse with Almighty God. You need a check up and a tune up. Something's way off here.

Most people are relieved, but you are depressed about and mocking this development. Why?

You want people to be homeless and starving and....dying???

What is your objective here?

I seem to be missing something here. What am I missing?
+4 # Please explain...debbifaye 2023-03-13 03:48
why exactly you think the gif used means that Hal is unhappy about the bank bailout. Really, it is a GIF. And you go on and on purporting to know exactly how Hal is feeling and what his will towards the unsuspecting masses is. And yet, any intelligent reader with a tiny iota of reading comprehension could ascertain that there is no commentary or opinion from the author. It is almost word-for-word transcription of the Fed's statement.
So please explain to us who read your disparaging little rant, what exactly do you know? If I were Hal, or to say if it was me that you did that to, I'd send you a GIF of my behind to your email so you could kiss it.
+4 # RE: Hal, WHY are you Disparaging about this Development???Bob 2023-03-13 02:00
My God, are you really that ignorant? The whole thing is rigged. Every time they print more money, it makes what you have worth less. And costs go up.

Grow up and start dealing with things like an adult. Pull up your big boy/girl pants and get to work while you can. Buy some dry beans, rice, noodles, canned vegetables and some cans of soup.

If folks go hungry, it isn't like the information wasn't there. No one wants a disaster, but no one asked us little folks. Steve Quayle has been begging folks to prepare for 25-30 years. To get out of debt, live within their means. It sure as hell isn't Hal's fault and he's trying to interject a bit of levity in a dire situation. If you can't laugh a bit, here and there, you aren't going to make it through what's coming.

Praying for you and everyone here.
+5 # Sweet Rant!u129520 2023-03-13 01:32
If you are triggered by a humorous gif then never look at this site

https://usdebtclock.org/
-8 # Not triggeredwatchmann 2023-03-13 01:51
Not triggered, just disappointed in a man I respected.

Everyone I know are breathing a sigh of relief tonight.

Our day of reckoning is coming.....just not yet.

More time for YOU to get more people saved.
+3 # watchmann?paulattahoe 2023-03-13 01:20
You are missing the fact that you sound like a hyperactive child that doesn't agree with his parents. You seem to be one of the brainwashed sheep that think the government is our almighty savior.

You don't appear to self-reflect or accept responsibility for your own actions or for the consequences of telling someone how to run their life. Time to get your own forum.
-9 # Blind as a batwatchmann 2023-03-13 01:42
Time for you to wake up and smell the coffee.

If the truth hurts, just don't read it.

Go back to your TV brainwashing machine.
-12 # I Get It.....watchmann 2023-03-13 01:19
Ok, I get it now.

Hal is heavily invested in Gold and Silver Coins.

When the music stops, and everything crashes, Hal will be a rich man. ....until then he won't be.

And who cares what happens to his fellow man.

Ok, no need to answer my questions, I get it.

But Hal's joy of his gold and silver will be fleeting.

“They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.”

Ezekiel 7:19

You have to read the Whole Book to understand the times we are in.
+4 # We get it..debbifaye 2023-03-13 03:59
You were paid thirty pieces of silver to make as many accusations and character assassinations toward the author of the site that you could get away with.
# RE: We get it..Forrest Mosby 2023-03-13 17:16
Quoting debbifaye:
You were paid thirty pieces of silver to make as many accusations and character assassinations toward the author of the site that you could get away with.


Yeah..it’s easy to see he is a woke punk
+4 # It's gotta fall...Marlena 2023-03-13 01:00
This system of fake money (credit borrowed on credit borrowed on credit) must collapse eventually. The longer we wait the worse the correction. And it finances a world of evil and corruption including the enslavement of vast majority. A lot of clowns out there are living on the far end of their credit. They can't be helped. THAT is what you're missing Watchman.
-3 # Nope, I'm not missing that either.watchmann 2023-03-13 01:32
Nope, I'm not missing that either.

In fact I know the Bolsheviks plan to crash our economy and our banks at some point, so they can roll out the Great Reset. I've read their plans, have you? The Protocols of Zion
https://files.catbox.moe/itw9c6.pdf


But until that crisis happens, and it will be a horrible disaster whenever it happens, many people are spared the horrors of that and the even WORSE Horrors of the after math:

Digital Currency including Social Crediting, as is currently happening to the poor Slaves in Communist China now. You a bad commie: your bank account is frozen, you can't buy or sell.

So I get that. But the longer that day is postponed the better it will be for every person on this planet. And the greater the chance that MAYBE some of the young people today, "might" get up the nerve to oust these psychopaths from control of our country via the 2nd Amendment.

As long as that dreaded financial collapse day has not come there is hope.....not much I realize that. The young people today, totally hooked on their TV brainwashing machines and other tech gadgets. No one cleaning their guns and making plans to take back our country.

But the longer the day is put off of the financial crash, the more there is hope some Patriots will get off their duffs and take back our country, and the more people come to saving knowledge of Jesus Christ.

Anyone vested in Gold & Silver coins are just fooling themselves. You won't be able to buy or sell anything in a 100% Digital world.

“They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.”

Ezekiel 7:19

Only Jesus Christ is our Salvation, and don't ever forget that.
+5 # Yepselah 2023-03-12 23:41
https://t.me/intelslava/45742
+4 # AmazingGreenfrog 2023-03-12 23:29
Now every bank is “too big to fail” until the whole house of cards falls apart.
+5 # ActuallyAdiff5466 2023-03-13 00:38
It turns out a lot of big wigs kept their money there. A lot of people got their back’s scratched by this bail out. I guarantee it had to do with them and not the little guy.
+3 # Yep, like little spoiled brat Prince Harrywatchmann 2023-03-13 01:39
Yep, like little spoiled brat Prince Harry.

SVB payed higher deposit interest rates, and pulled in the greedy suckers.
+7 # #dow futuresTim421 2023-03-12 23:28
The Dow Futures are up 400 points. Who the hell is buying stocks these days ? The pump and dump types thats who. Left wing web sites praising Biden's great leadership tonight ! I am stocked up and ready for whatever. Thanks Hal for the great info ahead of the mainstream media.
+2 # RE: #dow futuresBob 2023-03-13 02:06
Presidential Plunge Protection Team is my guess for who's manipulating the premarket along with the big boys, to suck in more regular investors.

Then the big boys will bail and the little guy is once again on the losing side. Some folks never learn.
+4 # I know!Adiff5466 2023-03-13 00:43
I was gonna say that about the futures till I saw your comment. And tomorrow I’ll go to work and the financial advisors will assure that everything is fine to their clients. I’ve warned them about the petro dollar collapse (which neither had heard of) amongst other things that they look at me like I have 2 heads... But they believe it. They actually believe everything is a cycle and will ultimately turn back around. I’m like, not this time. This time is different in sooo many ways. Between the grey terror already in progress and a hot war on our shores any month now, and the Bric nations stronger than ever... how can anyone say “everything is fine”!?
-1 # hey mouthy mouseselah 2023-03-12 23:28
new here and already really annoying. How bout you use your X-ray vision and tell us what you see beyond heckle and Jeckle. What a Mouse!
+2 # Wow!SparkyTaz 2023-03-12 23:19
Which diversion are they wanting us to focus on? Better yet, which do they not wanting us to focus on? It's all crumbling by design as the instigators watch from the shadows....
+4 # Wow!SparkyTaz 2023-03-12 23:29
Just throw in a "natural disaster" or two or a false flag and voila, the perfect storm!
+5 # RE: Fed, Treasury, and FDIC Announce Actions to Backstop Banks MiketheArabSkywatcher 2023-03-12 23:04
lmfao they will never give the american people a target to identify

makes complete sense for them to cover this entire thing up with the slower road to hyperinflation

it was a no-brainer. AND JUST THINK OF IT....
50% OF THE MORONS AT YOUR WORK TOMORROW WILL AHVE NO IDEA ANYTHING HAPPENED
+1 # last official actbogwon 2023-03-12 23:03
through out history when governments collapse the last thing the leaders do if they have the chance [before the neck stretch] is to loot the treasury.
+3 # Each time a financial catastrophe...3rdOption 2023-03-12 22:56
... looks like it will sack the entire economy the PTB pull a rabbit out of the hat and continue with the shell game to ease the nerves of the general public. I have no doubt this will continue for a while longer. The ultimate financial end-game is the dumping of US treasuries onto the open market. China alone could accomplish this much less the rest of the world holding those treasuries. Nuclear war is the ultimate horror where war is concerned; dumping our treasuries onto the open market is the nuclear financial activity. We are toast if China et al decide to follow this path. It will be a severe hardship for most of the nations on earth but it will absolutely destroy this country of ours.
+1 # And just like that!!Mighty Mouse Says 2023-03-12 22:55
Dr. Jeckel turns into Mr. Hyde!

Never Fear!!

UNDERDOG IS HERE !!! HOLD MY BEER!
+5 # On PurposePowerPatriot 2023-03-12 22:51
Problems: bank run/cyber “attack”
Reaction: ppl demand their $
Solution: Digital ID —>CBDC—> UBI

All planned. ALL on purpose
# RE: On PurposeMiketheArabSkywatcher 2023-03-12 23:05
NO MAYBE YOU MISSED THE HEADLINE, THEY ARE BAILING THEM OUT. WRONG
+5 # █▓▒░ OUTRAGEOUS: ░▒▓█Palehorse 2023-03-12 22:49
|

Silicon Valley Bank Provided Massive
Amounts of Capital to Chinese Tech Ventures – Now Biden
FDIC and Federal Reverse Are Bailing It Out – Clearly
Biden Is Working for China

Just this morning the US House reported that they have
the goods on the Bidens’ corrupt and criminal actions with
China. The Bidens are in bed with the corrupt China regime
and the House has the evidence. The Bidens were receiving
money from the CCP.


https://www.thegatewaypundit.com/2023/03/outrageous-silicon-valley-bank-provided-massive-amounts-of-capital-to-chinese-tech-ventures-biden-fdic-and-federal-reverse-are-bailing-it-out-clearly-biden-is-working-for-china/
+1 # Crystal Ball showsMighty Mouse Says 2023-03-12 22:36
a 1500 % increase in next 3 months of armed robbery, looting, home invasion, etc... (even the Low IQ crowd knows your carrying cash on hand now)
+3 # Something smells really bad about this BSMSNews 2023-03-12 22:29
So, the head banksters will backstop other banksters after they again fucked up simple reserve bank lending.

Almost looks like it was done on purpose, like maybe diversion of the FTX-congress-ukraine connection and laundered money.
-1 # "Almost", Really?Dolph 2023-03-13 11:28
Read the last book of the Bible. Twenty seven percent of the Bible is prophesy. This is a man-made perfect storm, the fruition of man's rebellious ways. God is allowing man to crash civilization which couldn't be more appropriate.

Israel turned their ear from all their prophets and lost their country. They actually killed Christ and all the prophets, 1Thes.2:15.

Most here mock Bible prophecy and the prophets' warnings. Even this was prophesied, 2Thes. 2:3

"Don’t be carried away and deceived regardless of what they say.

For that day will not come until two things happen: first, there will be a time of great rebellion against God, and then the man of rebellion will come—the son of hell".
-2 # All Eyes on Major U.S. Airports!Mighty Mouse Says 2023-03-12 22:28
Watch for hordes of tiny men in black wearing tiny hats with duffel bags filled with monopoly money booking it for Is Real Hell
+8 # None of it is realMarlena 2023-03-12 22:26
This is not real money, just digital blips. It is a virtual reality game where the Jews make up currency, trade it around by impossibly complex rules and then change the rules when the game doesn't go as desired, reward the losers, punish the earnest players while concocting silly terms to explain it all. It must collapse down to simple trading and honest money again.
+3 # Begining to look alot likeMighty Mouse Says 2023-03-12 22:21
the hoards of hysterical people that rushed to the stores to buy shopping carts full of toilet paper at the beginning of the fake covid scam
+2 # The sound of the can being kiked down the street....againRed Deer 2023-03-12 22:16
"measures will not come at a cost to taxpayers" like when did anything that the FED has done over the last 20 years NOT cost the taxpayer in some form or another.
We pay because of loosy-goosy financial practices implemented by the irresponsible bankers who feel that they are too big to fail. Us plebes have our feet held to the fire should WE get ourselves into a financial pickle but the fraudsters seem to skate on by. Don't hear much of Sam Bankman-Fried debacle lately do we. Maxine Waters seems to have recovered as well.
+1 # Who's paying for this invasion?Mighty Mouse Says 2023-03-12 21:55
JUST IN: Massive Group of Military-Age Males Storm Port of Entry in El Paso in Effort to Get Into US (VIDEO)
https://www.thegatewaypundit.com/2023/03/just-in-massive-group-of-military-age-males-storm-port-of-entry-in-el-paso-in-effort-to-get-into-us-video/
+1 # RE: Fed, Treasury, and FDIC Announce Actions to Backstop Banks TexasWolf 2023-03-12 21:55
And the choice is made: They will inflate the debt away.
# Imagine that!Mighty Mouse Says 2023-03-12 21:52
TOP EXECUTIVES with Silicon Valley Bank Sold Their Shares Weeks Before Crash – Investors Tried to Pull $42 Billion on Thursday before Bank Failed on Friday
https://www.thegatewaypundit.com/2023/03/top-executives-with-silicon-valley-bank-sold-their-shares-weeks-before-crash-investors-tried-to-pull-42-billion-on-thursday-before-bank-failed-on-friday/
# Go Figure!Mighty Mouse Says 2023-03-12 21:49
Silicon Valley Bank Employees Made Large Donations to Biden and Other Democrats
https://www.thegatewaypundit.com/2023/03/silicon-valley-bank-employees-made-large-donations-to-biden-and-other-democrats/
+1 # Kicking the can down what road?livefreeordie 2023-03-12 21:49
There is no road to kick the can down, a week? a month? if you're lucky. The show is over, we've all seen the man behind the curtain and he isn't wearing any clothes. FFS people, rent a fucking clue if you don't have one already.
# Huh!Mighty Mouse Says 2023-03-12 21:48
The Employees of Silicon Valley Bank Were Given Annual Bonuses Hours Before the Bank Was Taken Over by Regulators
https://www.thegatewaypundit.com/2023/03/the-employees-of-silicon-valley-bank-were-given-annual-bonuses-hours-before-the-bank-was-taken-over-by-regulators/
# Hmmm?Mighty Mouse Says 2023-03-12 21:46
DEVELOPING: FDIC Auction Underway for Silicon Valley Bank https://www.thegatewaypundit.com/2023/03/developing-fdic-auction-underway-for-silicon-valley-bank/
# Oy Vey!!Mighty Mouse Says 2023-03-12 21:44
Silicon Valley Bank Deletes Twitter, YouTube Videos, And Scrubs Website

https://www.thegatewaypundit.com/2023/03/silicon-valley-bank-deletes-twitter-youtube-videos-and-scrubs-website/
# Standard Practice when the FDIC takes over a bank...watchmann 2023-03-12 21:56
Standard Practice when the FDIC takes over a bank..

SVB "died" on Friday.
-2 # Treasury Toad says NYET!!Mighty Mouse Says 2023-03-12 21:43
Janet Yellen: No Federal Govt Bailout of Silicon Valley Bank; Economy Is in “Good Shape”

https://www.thegatewaypundit.com/2023/03/janet-yellen-no-federal-govt-bailout-of-silicon-valley-bank-economy-is-in-good-shape/
+2 # Robert Dziokrddziok 2023-03-12 21:32
"King Dollar" POS fiat paper going down the toilet. Gee, won't be able to fund endless wars anymore under the guise of "Democracy" to STEAL other countries assets (e.g. Iraq, Syria. Libya, Yemen, Afghanistan, Ukraine)? NO buyers Worldwide of US Treasuries last auction. China in full press mode to dump US Treasuries ASAP. The party's over!
+1 # Robert Dziokrddziok 2023-03-12 22:10
"Petrodollar" dead too as Saudi Arabia recently announced will accept payment in currencies other than the US dollar. Suck it up US/NATO/West "Band of Thieves" Warmongers!
+3 # It's not over....kicking the can...FewThereBe 2023-03-12 21:29
---

ZeroHedge, 6:20ET:

Quote:
As we said earlier on twitter, "this is a regulatory failure of historic proportions by both the Fed and Treasury.

Instead of preventing billions in losses, the Fed was worrying about board diversity and Yellen was flying to Ukraine.

Everyone should be sacked immediately."

https://www.zerohedge.com/markets/svb-latest-developments-live-blog-fdic-auction-failed-svb-assets-underway
-2 # We've been kicking the can down the road since the early 1970's.watchmann 2023-03-12 21:55
We've been kicking the can down the road since the early 1970's.

So the good news is, the Sky is Not Falling today.
# Not Worse, Really?Dolph 2023-03-12 22:14
Each financial crisis is worse than the one before and that's a good sign!?
-1 # █▓▒░ Looks like Dolph has no creditability ░▒▓█Palehorse 2023-03-12 22:29
|

Dolph said on Oct. 21, 2022 “A FEW SHORT DAYS LEFT!”
But he has “no comment” on his fail.

Dolph also said that the Nov, 2022 Thanksgiving Day dinner has
to be canceled because they were being raptured. More lies
and deceit.

NOW we have...
Dolph the Deceiver said on 03/06/23

Quote:
“THIS IS IT FOLKS!! TO SUM UP: Rapture imminent, giant tsunami on the 14th,
America nuked on the 15th.”

THAT'S 1 DAY FROM NOW! And the clock is ticking
on the next load of Dolph's never ending BS.
+2 # Option 3Remedylink 2023-03-12 21:26
Higher interest rates kill the banks. same interest rates, no one buys our debt, kills the gov't, so they chose inflation... Is this correct?
# interest rates will go down for a whilewatchmann 2023-03-12 22:00
Based on experience the interest rates will go down for a while. I think Powell has over played his hand this past year, the roosters have come home to roost, and it doesn't look good.

So based on past experience, I "think" we will see interest rates go down.......for a while anyway.

But we'll see.
+6 # Anyone catch this...TheWho 2023-03-12 21:18
The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par.

Mortgage backed securities are what sunk SVB. Interest rates have shot up, and those MBS are dropping like rocks. Same for treasuries, unless TIPS. AND THEY ARE BASING THE LOANS ON THE SECURITIES AT PAR. That means, the govt is loaning out money on items that are inflated in value. Meaning, the backstop for the govt loans will not cover the loan; they are worth MUCH LESS than PAR.
To me, thats the giveaway. The govt is desperate to avoid panic, and are throwing money at these banks that made bad decisions. Just like 2008. And here Yellen said "no bailouts". She lied then.
IMHO of course.....
+2 # RE: Anyone catch this...FewThereBe 2023-03-12 21:33
---

"These assets will be valued at par."

Yes, key point. Instead of at market value; which, because of the rising interests propagated by the Fed, values have been negatively impacted.

Kicking the can down the road...
+1 # read carefullyMaveric 2023-03-12 21:13
The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress."

So after a year and the bank is still dead in the water and only floating because of mortgage backed securities, who gets to hold the title to those securities?

Play ball because the FED will have you by yours. There was never an outcome to this where you and I could win.
+2 # Yellen ruled out any bailout last Friday..paulattahoe 2023-03-12 21:10
Yellen today: Go back. We fucked up everything..

But; "The actions to protect SVB depositors will not extend to shareholders and certain unsecured debtholders, the regulators said, while senior management has been removed. Any losses to the Federal Deposit Insurance Fund, which will pay out uninsured depositors, will be recovered by a special assessment on banks, a current aspect of federal law."


WOW! Let's rearrange the deck chairs on the Titanic..
-1 # That was yesterday's news...watchmann 2023-03-12 22:03
Look folks, we are in the middle of WW3, if all the banks fail now, how will Boeing and Raytheon "make payroll" in order to keep producing Weapons of War???

So, since WW3 is the order of the day, the gov't has to step in and stop bank failures.
+2 # The Value of Sophistry & Debt..paulattahoe 2023-03-12 22:54
Watchmann, Maybe it's time to look beyond your moral hazard lectures about Boeing and Raytheon, as that's just another liberal mantra trick that raises debt to a value higher than assets.

You might need to realize that's how we got into this debt mess.

Silicon Valley Bank was “funded by over $173 billion in deposits (of which $151.5 billion are uninsured).” Not that most people have this problem, but anyone who goes over the FDIC limit at any bank is not too bright. Or, as in this case, an intelligent group of liberal Satanist money changers.


Quoting watchmann:
Look folks, we are in the middle of WW3, if all the banks fail now, how will Boeing and Raytheon "make payroll" in order to keep producing Weapons of War???

So, since WW3 is the order of the day, the gov't has to step in and stop bank failures.
+1 # RE: Fed, Treasury, and FDIC Announce Actions to Backstop Banks bogwon 2023-03-12 21:09
Could be the week we start to see a few jumpers.As a commercial fisherman its nice to see jumpers in the summer,this time of year not so much.
+5 # It’s so rigged!!!skyward21 2023-03-12 21:07
If this were one of the large bullion banks, the average depositor would be stuck with the $250K insurance but because this bank is tied into the tech and “green” climate change crowd from the ultra liberal Bay Area, they get special treatment for a total bail out.

Once again, there are two sets of rules in the USA.
+1 # Frustratedlodilaker 2023-03-12 21:03
I just wished they would get this over with ,up, down, up down. Driving me crazy. We know the financial system will fail, dollar cont to get weaker and weaker …must not have been the right time.
+1 # Frustratedlodilaker 2023-03-12 21:03
I just wished they would get this over with ,up, down, up down. Driving me crazy. We know the financial system will fail, dollar cont to get weaker and weaker …must not have been the right time.
+2 # Fed, Treasury, and FDIC Announce Actions to Backstop BanksBruce Mueller 2023-03-12 21:02
Sounds to me like a government takeover of the banking industry...

Make a bunch of loans to financial institutions on a one year note under the watchful eye of the gubbmint then step in and run them when they eventually fail.
+5 # █▓▒░ Is It Time For The Deep “Scum” State To Cover Their Tracks ░▒▓█Palehorse 2023-03-12 21:02
|

It's a good time for a major banking distraction.

Look where we are at.

** Tucker Carlson blew the lid off of the J6 committee hearings
causing a very big stink.
** More people are now realizing that the US support for the
Ukraine war is a scam.
** The Vaxx deaths are adding up and more heads are turning in
that direction.
** The wheels are coming off of the Anthony Fauci lies.

And that's just for starters.

People need BIGGER things to worry about!
-1 # Emperor Biden Has No ClothesDolph 2023-03-12 22:25
The Perfect storm but few realize it's God judging the world.

I want everybody to go to your window right now, open it and yell, I'M MAD AS HELL AND I'M NOT GOING TO TAKE IT ANY MORE!!
+1 # BINGO!watchmann 2023-03-12 22:05
As FDR used to say NOTHING is an ACCIDENT.
+3 # RE: Fed, Treasury, and FDIC Announce Actions to Backstop Banks Robert A 2023-03-12 20:58
And if one by one even the big banks start to fail this coming week they going to keep up this bullshit? They can preach all they want if come Monday more banks start to fail and even corrupt MMedia cant avoid talking about it. Nothing these con artists can say or will do can stop even the average American or main street businesses from lining up to their respective banks and say Phuk You give me my money.
Because when its mainstreet USA and everyday Americans we are not just talking about a few pissed off silicon valley pukes. No we are talking about MILLIONS of citizens when THAT WAVE starts there is nothing that will stop it.
+1 # MACRO issuesjosey wales 2023-03-12 20:58
1. I thought we had already hit the debt ceiling.
2. What is this going to do concerning inflation.
3. Everyone should understand and know that the rest of the world is watching (China) as to see what happens. Won't this spur China and other BRICS nations to want to further dump the US Dollar in their cross border transactions?
4. What about the Dodd-Frank Act?
"No more bailouts: The lawmakers behind Dodd-Frank say that taxpayers won’t foot the bill the next time a bank fails '
https://www.marketplace.org/2018/09/19/no-more-bailouts-lawmakers-behind-dodd-frank-say-taxpayers-won-t-foot-bill-next/

On the one-hand I understand the other side's issues for wanting to protect the banking system. However at some point one has to deal with the issues at hand and not keep pushing them down the road to have to address them at a later time when those issues grow into problems.
+1 # Fdicellis 2023-03-12 21:02
The fdic works like insurance for the banks. They all pay regular fees that are tucked away to cover banks that go under. What will happen is they will borrow from federal reserve and then charge banks more in their fees to pay it back. Watch bank fees and interest charges go up…so we all DO pay.
+3 # Ramp up the Money Printing Immediately!White Lightning aka Raptor 2023-03-12 20:56
Phony system. As usual when in doubt do what They Always Do Print, Print, Print, Print, Free Trillions, 3 Million Years of Printing in ONE DAY!

Printing One Dollar per second it would take almost 12 days to print One Million Dollars, 31.7 years to print One Billion Dollars, and 31,709.8 years to print One Trillion Dollars.

1 $55,387,209,000,000 JPMorgan Chase Bank
2 $51,794,949,000,000 Goldman Sachs Bank USA

Top Two Banks have 106 trillion in Derivates.

31,709.8 years X 106 = 3,361,260 Years! Not Enough Resources on the planet to fulfill all of the Promises of these Trillions. You are Being Conned.
# Aaah ....THAT'S WHY they wanted to print those large denomination billsNHydg 2023-03-12 22:01
and ........if they are printing million dollar bills ........they already had this planned.
+2 # Total bravo sierraunixguru24 2023-03-12 20:54
Gotta keep the sheep docile and infused with bogus credit..
-3 # NO MORE MONEY TO CALF!MildB 2023-03-12 20:51
~
NO MORE~
+9 # Translation.Gulfcaptain 2023-03-12 20:41
Translation: "The US banking system is so solid, so trustworthy and sound that we are going to desperate measures to cover any losses that ordinarily would occur when a private corporation mishandles funds, fails in it's fiduciary duties and makes bad financial decisions and bets in the markets. We are not going to change the practices (fraud, theft etc.) that precipitated this failure. No. We are going to back it up."
# Fiatellis 2023-03-12 21:11
They know it is a deck of cards and that if enough people want their cash, they are done! You’re done FDIC.
+9 # WWIIIVercinge 2023-03-12 20:30
THE FEDERAL RESERVE is a private Institution totally and since 1913 owned and controlled by Jewish. Another absurdity that will push America and the world to catastrophe. Planned by the Jewish, that consider the non Jewish like animals to exploit, shear and finally slaughter. .
+3 # Those that SAy they are Jews..szutavern@yahoo.com 2023-03-12 20:43
Revelation 2: 9 I know thy works, and tribulation, and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.

https://www.biblegateway.com/passage/?search=Revelation+2&version=KJV
-1 # Say They Are Jews...Dolph 2023-03-12 22:48
...and are not in the same sense that many calling themselves Christians today are not true, saved, Christians.

Jews today are the same Jews that killed Christ and all the prophets, 1John 2:15, because they came back from being dispersed to all over the world (a miracle in itself) and must be here to play a major role in the imminent Tribulation (Jacob's Trouble) where two thirds will lose their lives, Zech. 12 & 13.
+3 # This wont work... watch for the dumping of us treasuries by other countries.Raven1 2023-03-12 20:27
So, everyone is unified in hyperinflating the currency away, just to keep up the illusion of ' full faith and credit'?... what an oxymoron.
+2 # Robert Dziokrddziok 2023-03-12 21:44
NO buyers Worldwide of US Treasuries last auction. China has ordered full press mode to dump US Treasuries ASAP.
-2 # So what is China buying instead .....as a "safe haven"???watchmann 2023-03-12 22:09
So what is China buying instead .....as a "safe haven"???
+5 # RE: Fed, Treasury, and FDIC Announce Actions to Backstop Banks Eddamnit 2023-03-12 20:26
The final looting of a nation before it is abandoned as dust.

It interesting to see this yet again, every time different yet the same.
They all knew it's been done before and even celebrated it but never thought it would happen to them. Their delusion was strong.
+3 # Hal, do you thinkKdasl 2023-03-12 20:22
they’ll declare a bank holiday or week? This feels like the Titanic
-1 # No, the can has been kicked down the road...watchmann 2023-03-12 21:53
No, the can has been kicked down the road...
-3 # Its Just Calf INFECTIONMildB 2023-03-12 20:18
and deflection to pay for respiration's.

Now at $336,000 / (whom ever THEY say is a Black recipient?)
-1 # The Left Arm pit of AMERICA,MildB 2023-03-12 20:19
~
-1 # A GREATER LAW STATESMildB 2023-03-12 20:20
~
THOU SHALT NOT STEAL!

https://www.youtube.com/watch?v=PwkPTkNdAkA
+8 # Fuzzy Mathgreenghost1964 2023-03-12 20:16
Offering up $25 billion when we have like $18 Trillion on deposit......there's that fuzzy math again
+4 # "...will not come at a cost to taxpayers...."joe@tittiger.com 2023-03-12 20:15
.
the lies have started and continue.....

This WILL cost you, even if they print up the money out of thin air. This will cost you.

I am on the lookout for the pitch (another lie) that to prevent this from ever happening again (the original excuse to have a national bank) that we MUST go to a Federally controlled electronic currency.

Americans are stupid enough to fall for anything and the globalists know it.
+4 # RE: Fed, Treasury, and FDIC Announce Actions to Backstop Banks paulattahoe 2023-03-12 20:15
Whatever the criminal senators deny tomorrow will be the truth.
+9 # Well, sure looks like we can "trust" the gov ......after all .....WHOANHydg 2023-03-12 20:14
Some how ............. I just FEEL a BIG SCREW coming on ........... and it will NOT be pleasant ...........
+15 # Illusioneklmattke 2023-03-12 20:13
They are lying because the FDIC doesn't have the funds.
+5 # Perfect picture of Jerome throwing out cash!Adiff5466 2023-03-12 20:12
What the actual...? So what happens when Monday morning THEY ALL want their money? Hell just print more. They’re throwing a grenade in the room and walking out. They’re blowing it all up. On purpose.
+1 # RE: Perfect picture of Jerome throwing out cash!FewThereBe 2023-03-12 20:41
---

+1

Story pictures are GREAT!
+4 # LOLLoki 2023-03-12 20:06
"The Treasury sAaid the measures will not come at a cost to taxpayers."

LOL
+3 # RE: LOLNotthemama 2023-03-12 20:13
Unicorn farts, and rainbows fix all things.
As long as the accounts identify as the correct gender .
So, shareholders are not protected? For lending institutions that had share price issues?
Gonna see some interesting dumping of unprotected stocks on Monday.
+7 # RE: Fed, Treasury, and FDIC Announce Actions to Backstop Banks FewThereBe 2023-03-12 20:05
---

Whatever happens, you can bet the NWO will have moved the goal posts ever-more-closer after their chaos.
+1 # All fixedHatta10 2023-03-12 19:56
Nothing to see here
+4 # Veteran British Airways Pilot Dies Of Heart Attack Just Before He Was To Fly Packed Airbus A321 From Cairo To LondonMildB 2023-03-12 19:50
2nd Such Incident This Month!

https://www.thesun.co.uk/news/21681055/veteran-british-airways-pilot-dies/
+5 # Additionally, we’ll take a look at a list of pilots and flight attendants around the world suffering cardiac arrests with virtually no or very little media coverage… and we all know why they aren’t covering it.MildB 2023-03-12 19:55
~
https://sonsoflibertymedia.com/january-6-videos-bombshell-mockingbird-media-blackout-on-jabbed-pilots/
-2 # Sign: Man in BlackMildB 2023-03-12 19:57
~

Get ready and hold on!
https://www.youtube.com/watch?v=oDd32K-mOVw
-2 # Not To worry,MildB 2023-03-12 20:03
~
James 1:25 But whoso looketh into the perfect law of liberty, and continueth therein, he being not a forgetful hearer, but a doer of the work, this man shall be blessed in his deed.

MostRespectFully,
Mb
+9 # RE: Fed, Treasury, and FDIC Announce Actions to Backstop Banks selah 2023-03-12 19:47
So somebody tell f’n obiden we want a total refund from Ukraine!
+3 # Not much went to UrkaineLoki 2023-03-12 20:08
Most of that money didn't go to Ukraine.
+4 # At ParPavel888 2023-03-12 19:45
Nice backstop by Jerome Powell and the Federal Reserve. Now will the average Joe leave his money in his bank tomorrow? We shall see.
+3 # No way...Adiff5466 2023-03-12 20:14
Not unless you’re a complete and utter moron.
+7 # HyperinflationTN Steve 2023-03-12 20:02
Does anyone realize that the “at par” aspect will let the Fed print up an additional 5-8 Trillion dollars? Thought inflation was bad before? We’ve only seen the very tip of the iceberg.
+1 # ThanksSBGlett77 2023-03-12 20:25
.
I hadn't seen that little tidbit until you pointed it out.

Yes, now the banks, most of which are slightly insolvent to dramatically so, can unload all their non-performing assets onto the Fed as "high quality", just like they did in 2008 with all their bundled Mortgage Backed Securities. I hear the Fed is still sitting on a number of those, and the rest they sold at a loss.

So yeah, the potential is there for another injection of $Trillions in keyboard Dollars.

There will never be restored confidence in a system at the end of a grand debt supercycle. There will just be palliative language and activity until it appears in another form. The next form will involve the banking system once again. There's no getting away from highly inflationary final stage debt runaway without letting massive deflation occur, and the Fed and Treasury would rather hyperinflate everyone else's savings to nothing before they let that occur.
+1 # Exactly!Adiff5466 2023-03-12 20:15
It’s completely ridiculous. But Joe Blow will think his money is safe because of this. Utter Cleon World.
+3 # Wowwdewolfe 2023-03-12 19:44
Wow

 

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