Anyone who thinks the Banking situation is stabilizing should know that the Federal Reserve Bank has lent $150 Billion to banks THIS WEEK ALONE!
The chart above shows this week's lending, and compares it to the "Great Financial Crisis" of 2008. It becomes instantly clear that this year, things are very much WORSE for banks than in the year 2008.
Data published by the Fed showed $152.85 billion in borrowing from the discount window — the traditional liquidity backstop for banks — in the week ended March 15, a record high, up from $4.58 billion the previous week. The prior all-time high was $111 billion reached during the 2008 financial crisis.
HAL TURNER OPINION
What this tells me is that all the legislation and rule changes done after the Great Financial Crisis . . . . didn't fix a thing. The banks seem to have gone out and done the same mismanagement and risky business they did back then, which caused that crisis.
The fact that the federal reserve has already lent more than fifty billion dollars MORE than they did at the peak of the great financial crisis, shows the banks are in worse shape now than they were in 2008. After all, they wouldn't be borrowing this money if they didn't NEED it!
It seems to me that the general public ought to carefully re-assess whether or not it is practical to continue thinking the banks "will be there." It now seems (to me) that it is well within the realm of possibility, that one day soon, we could wake up to the Headline "Banks Ordered Closed for Two Weeks; ATM's, Credit and Debit Cards ALL Shut Down" until this new bank crisis is resolved.
If that happens, you would do well to be prepared, as outlined in yesterday's story HERE
Comments
This is the WEF/UN plan to destroy regional banking and drive the money to Big Banks...where more control can be exerted and CBCD's forced on the American people. Get cash and start using it, it will slow the transition.
Same old BIG LIES.......just 15 years apart:
Fool me once, shame on you.
Fool me twice, shame on me.
IS THE U.S. BANKING SYSTEM SAFE? – 15 YEARS LATER:The quotes above by the lying deceitful Wall Street controlled Treasury Secretaries are exactly 15 years apart, but are exactly the same. To protect their real constituents – the Wall Street bankers
https://www.theburningplatform.com/2023/03/15/is-the-u-s-banking-system-safe-15-years-later/
And yes, sadly the Banks did go back to offering NINJA mortgages: NINJA = No Income verification, No Asset verification before issuing loans. THAT's what got us into trouble in 2008.
~~~~~~~~~~~~
Laughter doeth good like a medicine the bible says:
UPDATE: I fixed the links, and arranged the skits in chronological order:
Some fine British comedy skits about NINJA mortgages to subprime customers in 2008:
Before the Subprime Crisis of 2008:
John Bird and John Fortune - The Life of an Investment Banker (like Goldman Sachs)
https://www.youtube.com/watch?v=MYw_hrGzaxQ
~~~~~
The 2008 Banking Crisis Explained by a Bankster:
Bird and Fortune - Subprime Crisis
https://www.youtube.com/watch?v=mzJmTCYmo9g
Bird & Fortune - Investment Bankers (part 2 of subprime credit crisis)
https://www.youtube.com/watch?v=9z70BKwfSUA
Bird and Fortune - Financial Adviser
https://www.youtube.com/watch?v=hXBcmqwTV9s&list=RDhXBcmqwTV9s#t=96
~~~~
AFTER the Subprime Crisis of 2008:
Bird & Fortune Interview - Investment Banker
https://www.youtube.com/watch?v=XROMy-hUnUE
China Has a ‘STUNNING LEAD’ Over USA in Research of 37 Out of 44 Critical and Emerging Technologies
What did you expect to happen after the left took over our schools and destroyed the education system?
We were once the envy of the world.
https://gellerreport.com/2023/03/number-of-children-identifying-as-transgender-surges.html/?lctg=78423089
No fuking shit Hal!
We still have fractional reserve banks, and it is fractional reserve banking that is the problem!
No one seem to see what the god damn problem is!
"Dumb uneducated patriots" are our biggest problem here.
Snow ball fights were the custom each great snow fall in the suburbs of Michigan. Like Army vs Navy almost, except it was waged amongst the two streets boys in 68.
Well Woodshire was Kicking Rosemarrys ass so we had to come up with a better defence lol.
It was called the TWT (Ted Williams toss.)
TED WILLIAMS HOMERS OFF A RIP SEWELL BLOOPER BALL IN THE 1946 ALL-STAR GAME.
Well with a little adaptation, the Rosemarry fort holders came up with a plan.
(Fort was made up of snow)
Well each boy now armed himself with 2 snowballs. One heavy with rock-salt from the street the other a smaller hand melted ice ball.
When the time came each boy would throw the ice ball up, Ted Williams blooper pitch style and as the other enemy boys where distracted watching, careful aim was made with the fast pitch of the real ammo lol!
It was just the right kind of snow that a grab during and case could be made smartly lol!
Oh man we made History that day.
Rosemarry St boys not only defended and repealed a on-slot but pushed the war over onto Woodshire to where they had to surrender their flag that day.
Note:Air Force Goes on Diversity, Equity, Inclusion Hiring Spree: Top Job Pays up to $183,500?
The left has destroyed our schools, universities, corporations, airlines, etc with these racist policies. Now they are destroying our last line of defense.
America will lose it's competition with China if this madness continues beyond 2024.
https://gellerreport.com/2023/03/air-force-goes-on-diversity-equity-inclusion-hiring-spree-top-job-pays-up-to-183500.html/?lctg=78423089
Note: Feel free to use as you will,
MostRespectFully,
WildB USNR/RPO COMP 287
EXCLUSIVE COVERAGE: NYC Taxpayer Funded Drag Queen Story Hour Continues at 20th St Library?
Wheres the Gub? Its against THE LAW TO GROOM KIDS FOR SEX?
Another J6 hook to play games by!
NYC TAKE THE GUB to COURT and all that aided and abetted this attack on our children!
Them 2 cops up front in the picture doing nothing can be the 1st on the list!
source
If you are friend of the government then you have wealth.
https://www.yahoo.com/news/ukrainian-commander-revealed-true-scale-171152957.html
The USA has since its beginnings represented freedom for every day people. The Founding Fathers enshrined freedom in the Constitution, although its lacking and compromised the intent was there as is the messaging.
Mentioned this before as have others. Murika is the focus of the destruction of the west BECAUSE it is the representative head of the idea of freedom, family and self sufficiency, ones own determination of future.
It is because of this ideal that its destruction was sealed by the satanic cults running the halls of power. Destroy this ideal, and you demoralize and enslave the citizenry. The US Empire has run its course, it is burning down around us while the satanic cultists who assisted in the arson await any that try to flee.
The murikan dream is dead. There is nothing to salvage from the system. And when the cultist stand in the doorway to bar your route out and try to rob you, treat them as they would treat you. You will have to fight for you freedom, the cultists aren’t going to leave you alone.
A warrant has been issued from the ICC for the arrest of President Putin.
https://www.dailymail.co.uk/ushome/index.html
That just shows that the globalists are going for broke with everything they've got.
They're hellbent on retaking their ancestral homeland, khazaria, and saving their plan for world domination.
Many countries who are allied with Russia will simply ignore this idiocy.
Putin is not Milosevic and Russia is not Serbia.
The massive monetary inflation requIred to maintain selected bank liquidity will continue to drive consumer price "inflation" which presumably will lead to higher interest rates?!
In case you haven't figured it out yet, you are on an economic Titanic subsequent to striking the ice berg. Precious metals are your life boat, otherwise you are financially locked into steerage!
I know they don't want people to panic and commit bank runs because the more money people have in the bank the more control they have over them. So easy to introduce cbdc to the people who are at the mercy of this evil.
Try Davos.
FedNow could reduce demand for payday loans because customers who use the system would receive their pay immediately, without having to wait for checks to clear.
There you have it folks. It is always for the Joe Plumber kinda people, the little guy. See, Big Brother is always looking out for your interests, you should be more appreciative.
So for your financial security and convenience, its also completely safe too, we’ll place these
chainsfinancial safeguards around you so that you are protected and have access toour fiatyour money instantly. Or while your credit score is maintained above acceptable levels.Fed Announces Launch Of ‘FedNow’ Real-Time Payment System, Sparking Debate
https://www.theepochtimes.com/fed-announces-launch-of-fednow-real-time-payment-system-sparking-debate_5127490.html
How many will turn down the free CBDC on their phone to buy food/clothes /rents etc. when there is complete monetary chaos? It allows safety during the collapse of the old system BUT it is a gift that is the illusion of manna that turns into a serpent.
Mr. Burry has been shouting from the rooftops ever since that NOTHING HAS CHANGED except that the risk's have been multiplied!
Sheep: I can’t wrap my head around a trillion. It’s all funny money.
Me: It’s just a One with twelve zeros behind it…sorta like the White House and the cabinet.
Does anyone know of a source for the real state of the U.S. economy? Not the "compared to 2020 when everything was locked down" BS most sites use.
Compared to 2020, everything looks like it's moving full speed ahead, but that's sort of a specious subterfuge. It's like measuring the elevation above sea level of a port city from somewhere under the waves.
As far as I know, everything is "growing" due to massive amounts of debt. Personal debt, private industry debt, and public debt.
But otherwise, in the real economy, things might actually not be so hot. Or are they?
Yes, John Williams' site is excellent, and I'll use it for numerical information, but I was thinking along the lines of a written analysis maybe. Any ideas? TY
https://www.icc-cpi.int/news/situation-ukraine-icc-judges-issue-arrest-warrants-against-vladimir-vladimirovich-putin-and
Court issuing arrest warrants for a male
And female of their own ilk. Non other
Than Volodymir Zelensky and
Victoria Jane Nuland
The whole banking thing was either intentional or brought on by greed. Or both.
Burn a bunch in a SCAM war in EU .....
NOW throw the remaining into a bottomless toilet .....
Oh .... OH ..... while the sheep are sleeping SKIM off a Billion or more for the ALREADY bulging pockets of the Crime family and all that are going along with this FARCE of a "gov"
1. JP Morgan.....-10.93%
2. BofA...............-20.83%
3. CITI................-13.93%
4. Wells Fargo...-19.94%
5. USBank..........-29.84%
6. PNCfinance...-21.57%
7. Truist.............-35.20%
8. Gold Sachs...-16.92%
Averaged out that is -21.15% across the board!!!!
Deja Vu all over again
.
Black horse trotting....with galloping to come.
BeSureYouAreSaved.com
Even if the Dollar goes to zero, you’re still well stocked on toilet paper. Glass half full!
If you really want to f*ck over the Fed and the banks together, pay off your debts.
I ask you... Is the current banking crisis all part of Biden's plan to install
a digital monetary system?
I recall Biden saying that the target date for this maneuver was early
2023 and here we are.
MARCH 24, 2022
On March 9, 2022,President Biden Signs Executive Order,
Signaling the Development of a United States Central Bank
Digital Currency and Shaping Up Regulations of Digital Assets.
https://www.csglaw.com/president-biden-signs-executive-order-signaling-the-development-of-a-united-states-central-bank-digital-currency-and-shaping-up-regulations-of-digital-assets-
(To ensure the banking systems complete transition into a
“responsible” and sound digital currency, the fiat dollar system
currently employed must be removed from service,
i.e. “Build Back Better.)”
September 16, 2022
WASHINGTON — The U.S. Department of the Treasury today published
three reports pursuant to Sections 4, 5 and 7 of President Joe Biden’s
Executive Order 14067 on “Ensuring Responsible Development of
Digital Assets.” The reports address the future of money and payment
systems, consumer and investor protection and illicit finance risks.
https://home.treasury.gov/news/press-releases/jy0956
https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/
But. Remember when cash and checks were the main way we bought things? Credit cards came in and some thought they were the Mark of the Beast.
Look at us now. Most of us buy things online or with our debit card. That is a far change from 50 years ago. The younger generation only knows online buying or use some cash once in a while.
Today, many school kids don’t know our money. They don’t know what nickels, dimes or quarters are compared to a dollar.
For them, the new system will make sense and be easy. That’s a scary thought. Older generations always distrust the new systems.
Not saying I want digital, but this is a perspective to consider.
Same old BIG LIES.......just 15 years apart:
Fool me once, shame on you.
Fool me twice, shame on me.
IS THE U.S. BANKING SYSTEM SAFE? – 15 YEARS LATER:The quotes above by the lying deceitful Wall Street controlled Treasury Secretaries are exactly 15 years apart, but are exactly the same. To protect their real constituents – the Wall Street bankers
https://www.theburningplatform.com/2023/03/15/is-the-u-s-banking-system-safe-15-years-later/
And yes, sadly the Banks did go back to offering NINJA mortgages: NINJA = No Income verification, No Asset verification before issuing loans. THAT's what got us into trouble in 2008.
~~~
UPDATE: I fixed the links, and arranged the skits in chronological order:
Some fine British comedy skits about NINJA mortgages to subprime customers in 2008:
Before the Subprime Crisis of 2008:
John Bird and John Fortune - Banker
https://www.youtube.com/watch?v=MYw_hrGzaxQ
~~~~~
The 2008 Banking Crisis Explained:
Bird and Fortune - Subprime Crisis
https://www.youtube.com/watch?v=mzJmTCYmo9g
Bird & Fortune - Investment Bankers (part 2 of subprime credit crisis)
https://www.youtube.com/watch?v=9z70BKwfSUA
Bird and Fortune - Financial Adviser
https://www.youtube.com/watch?v=hXBcmqwTV9s&list=RDhXBcmqwTV9s#t=96
~~~~
AFTER the Subprime Crisis of 2008:
Bird & Fortune Interview - Investment Banker
https://www.youtube.com/watch?v=XROMy-hUnUE
Once the takeover is complete, The beasts one world currency will be rolled out. This is a more important to know than having cash. Ultimately the mark of the beast will come with it as well. You either sign on and you can have your money back and be able to buy again. OR never use money ever again. So that is what will happen. Many will be deceived and signon to the new system immediately boom, marked for Hell. Buying silver and Gold will not help you either, you actually think businesses will allow you to pay with gold and silver? No because in order to operate they will only be able to take transactions through the new system. Your Gold and Silver will only be for bartering purposes in which case, but will practically be worthless.
As long as the opinions and comments of Americans are similar to yours, dear Hal, (as it is almost certain because to admit that Americans are slaves it takes a minimum of humility that they have never had), the Jewish elites who govern the first super power that is leading the world to nuclear catastrophe, can rest easy.
Even if their awakening in Hell will be far away from peaceful. In the meantime, however, they have deceived and dragged innumerable souls into the horrid kingdom of their god Lucifer, whose damnation, the cowards (for their silence, in this case) of every order and kinds will also be responsible in varying degrees and therefore condemned to punishments, which one ardently hopes, are not eternal. This is not at all a threat or a wish. This is a simple warning.
So the Federal reserve is not apart of US gov. In fact, it's a bunch of banks. Let me list some, you ready:
Bank of England, Bank of Rome, Vatican bank, more from Middle East and Europe. Then we have American banks. BOA, Chase, etc
You guys get the picture? you think you're free? This is who controls American and the world. With a snap of their fingers, you can be flat broke in 1 min. They can rase and drop interest rates, with a word, which will dictate if you have extra money or not.
The whole world banking system is a Ponzi schema.
Now they want to digitalize it, Welcome to the BEAST system. Everything will be controlled.
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