Why the Failure of Credit Suisse is such a big deal; It was a "Bulge Bracket Bank"

Why the Failure of Credit Suisse is such a big deal; It was a "Bulge Bracket Bank"

To average, everyday people, the failure of Credit Suisse is simply some news headline.  They have no clue at all what this means: ALERT - Time's up.  Why? Because Credit Suisse was a "Bulge Bracket Bank."  You may know it better as "too big to fail."  But fail it has.

What is a bulge bracket bank?

A bulge bracket bank refers to a top-tier, multinational investment bank that has a leading role in the global financial markets. The term "bulge bracket" originally referred to the banks listed at the top of the "league tables" for securities underwriting, but it has since come to encompass a wider range of financial services.

Bulge bracket banks typically have a strong presence in both the domestic and international markets, providing a broad range of services such as underwriting, M&A advisory, equity and debt offerings, and sales and trading of securities. They also typically work with large, high-profile clients such as corporations, governments, and institutional investors.

Examples of bulge bracket banks include Goldman Sachs, JPMorgan Chase, Morgan Stanley, Bank of America Merrill Lynch, Citigroup, and Deutsche Bank. These banks are known for their extensive resources, large-scale operations, and high-profile deals.

What banks are considered bulge bracket?

Some of the banks that are considered bulge bracket are:

JPMorgan Chase & Co.
Goldman Sachs Group, Inc.
Morgan Stanley
Bank of America Merrill Lynch
Citigroup, Inc.
Deutsche Bank AG
rclays PLC
Credit Suisse Group AG
In fact, UBS Group AG
Wells Fargo & Co.

These banks are considered bulge bracket because they typically have a leading role in the global financial markets and provide a wide range of financial services to large, high-profile clients such as corporations, governments, and institutional investors. They are also known for their extensive resources, large-scale operations, and high-profile deals.

What would happen if a bulge bracket bank failed?

If a bulge bracket bank were to fail, it could have serious repercussions on the global financial system and the broader economy. This is because these banks are deeply interconnected with other financial institutions and play a significant role in the global financial markets.

If a bulge bracket bank were to fail, it could trigger a domino effect that would lead to other financial institutions experiencing financial distress or failing. This could lead to a credit freeze, where access to credit is severely restricted, making it difficult for businesses and individuals to obtain financing. This, in turn, could lead to a slowdown in economic activity and a recession.

To prevent such a scenario, regulators have put in place various measures to monitor and regulate the activities of bulge bracket banks. For example, these banks are subject to more stringent capital and liquidity requirements, stress tests, and other regulations to ensure their financial stability and resilience. In the event of a failure, regulators may also intervene to stabilize the financial system and protect the broader economy from the fallout of a bank failure.

Credit Suisse Failed

Those measures do NOT seem to have worked.   Reverberations from the Credit Suisse failure, and the utterly vicious zeroing of Credit Suisse "Tier A1" Bonds, is starting to spread.

As this story is written at 4:45 AM on 20 March 2023, Asian Stock Markets have almost completed their trading day.  They're all in the red:

Credit Suisse, $CS, was worth $10 billion a month ago and sold for pennies on the Dollar.

The government said $CS had “serious risk of bankruptcy.”

A shareholder vote was bypassed.

Regulators knew it was a matter of hours for bankruptcy.

This deal was made out of desperation.

In fact, the "rescue" was not a rescue. UBS could only work an equity trade, they themselves lacked the cash for a real buyout!  That deal was total clown world.

Stock Markets know this.  Stock Holders are learning of it now.  The markets will begin to react TODAY.

Europe is opening shortly.  That's where we will see some of the Credit Suisse fallout.   

In the Asian Markets HSBC & Standard Chartered both down 6%.... will be interesting to watch the European markets when they open.

US markets open in about 3.5 hours.  As Europe goes, so will the US.

You see, those "Tier 1A "Bonds that were Zeroed for Credit Suisse . . .  they totaled slightly over seventeen billion dollars.  Somebody has now lost all that money.  Well, a lot of somebody's, actually.

That loss is going to have an impact.  Maybe an impact on someone big.   And that may take THEM out.

Moreover, the zeroing of Tier 1A Bonds just showed bondholders all over the world, that when it comes to BANKS, their "totally secure" Tier 1A bonds, aren't nearly as secure as they were lead to believe!  People are going to start dumping those bonds, because clearly, they're now far riskier than anyone ever thought. 

When you factor-in the reality that the Swiss government changed their law in real-time, to prevent Credit Suisse stockholders from having the Statutory 6 weeks to consider a merger or buyout offer, the bondholders (and Stock holders) now know they're sitting ducks.  They have NO PROTECTION of law. The "rules" went right out the window.

As these Bond holders (and maybe stock holders) run for the exits today - and this week - their selling is going to put the banks under even MORE pressure.

In the US, here's how fragile the banks actually are:

At the far right of the chart is this year - right now.   As you can see, the banks are stuck holding Bonds that are worth LESS than their face value.   In the color gold, those bonds can be sold by the banks if the banks need to raise cash.  Those gold-colored (sellable) bonds are worth three-hundred BILLION dollars LESS than their face value.

As long as the banks don't have to sell them (to raise cash) the loss on the bond is "unrealized."  But as people begin to take more money out of the banks, because the general public sees the banks as untrustworthy, some banks are going to HAVE TO sell those bonds.   And the moment they do, the loss becomes "realized" and the bank is in trouble.

This week may very well be historic.  We just don't know how it will turn out.

Politicians all over the world are screaming from the rooftops that "the banks are safe and secure."  Trouble is, the public long ago learned that when they tell you things are safe, that's when you run!

Because politicians and government officials have shown themselves to be liars, over and over , and over again.   Only the truly stupid believe them anymore.

With that reality, there's no telling what will happen this week.  However . . . Calamity . . . is on the menu.

This isn't going away.

This is not your typical msm-driven race-baiting, class warfare, type of drivel designed to distract you from real problems.

This is a real problem. They're going to try to keep your eyes - and mind - off of it with crap like North Korea nuclear threats, Trump's impending arrest, etc. Expect some race-fueled incident to really throw everyone over the edge.

If they can keep us worked up over things like that, maybe we won't notice all the banks failing and the economy literally crumbling around us. Maybe.

This isn't something they can bury and hide for long, though, but they will try to keep us in the dark as long as possible. Many won't notice until bank failures and sky-high inflation impacts them personally.

When they know you notice the real problem, like with the Credit Suisse-UBS merge, they'll issue some statement about how all is well and good, the US dollar is strong and we shouldn't worry. When they say this kind of nonsense is when you need to worry the most.



European market:

UBS - 12%

Deutsche -10%

most others -8%

people do not believe their lies anymore . . .  this is a bad omen for everything today . . . . 



They just talked on Bloomberg about "the possibility of UBS walking out of the deal."



# Were The Bank Bailouts The Result Of Rising Wealth Concentration?watchmann 2023-03-20 18:12

With too much money in just a few hands, they can move their unsecured deposits around with lightning speed. So the people who caused the bank run (the unsecured wealthy depositors) were the ones compensated for their actions.

Were The Bank Bailouts The Result Of Rising Wealth Concentration?

.....The US has claimed SVB’s failure will not hit taxpayers because other banks will cover the cost of bailing out uninsured depositors — over and above what can be recouped from the lender’s assets.

However, a European regulator said that claim was a “joke”, as US banks were likely to pass the cost on to their customers. “At the end of the day, this is a bailout paid for by the ordinary people and it’s a bailout of the rich venture capitalists which is really wrong,” he said.

So not only are the bailouts an effect of rising wealth concentration, they are going to make it worse. Nicely played.
# Restitution is the law of God.Gruntpa 2023-03-20 18:06
In medieval Catalonia, bankers who became bankrupt, were publicly disgraced by town authorities, and given nothing but bread and to eat until creditors were paid off. After a year, if bankers failed to pay off the owed, they would be beheaded and their property sold off to pay them.

Today, we continually bail them out with taxation and inflation.
# Janet Yellen Just Poured Lighter Fluid On Every Small Bank In Americawatchmann 2023-03-20 16:47
Janet Yellen Just Poured Lighter Fluid On Every Small Bank In America

Depositors exceeding $250K at SMALLER BANKS NOT Protected!!!

This will cause immediate withdrawals by LARGE Depositors from Small Banks, thus ensuring their Collapse.
# venture capital for China startup 2023-03-20 15:15
# In Short: Its the Derivativeswatchmann 2023-03-20 13:23
When the Big Banks have TRILLIONS in Derivatives, then they become "Too Big To Fail".

If a Big Bank fails, they will take down the rest of the Big Banks, because of all their Derivative Deals.

Like This:

So they are desperately trying to plug another leak in the Fiat Currency dyke.

Well, no matter. The stock markets are Up, Up, Up!

Until the next leak in the dyke.....
# This Corrupt Bank was worth SAVING at any cost???watchmann 2023-03-20 14:36
This Corrupt Bank was worth SAVING at any cost???

Credit Suisse lost $5.5 billion on criminal-run
hedge fund, also pleaded guilty in 'tuna bond
scam' and was convicted in scheme involving
cocaine money laundering

No this bank was not worth saving......but their derivatives are. Look at just the US Bank Derivative Exposures:

Quadrillions.....maybe Quin-trillions when you consider the banks around the world.
# Scores Of Bleeding Midsize US Banks In Dire Troublewatchmann 2023-03-20 14:39
Scores Of Bleeding Midsize US Banks In Dire
Trouble Ask FDIC To Insure ALL Deposits For
At Least Two Years - A ’No’ Response Will
Crash Most Of Them And The Big Banks Will
Take Many Of Them Over

I hear this creaking sound and someone yelling: "TIMBER!"

Here's the sound:

God help us.
# The US Has the World Setup for a Worse Financial Crisis than in 2008watchmann 2023-03-20 15:07
The US Has the World Setup for a Worse Financial Crisis than in 2008

By: Economist, Paul Craig Roberts, who was the United States Assistant Secretary of the Treasury for Economic Policy under President Ronald Reagan:

The dangerous repeal of Glass-Steagall + the enactment of Frank-Dodd, causing "Bail Ins"/Bank Runs + high interest rates = GREAT COLLAPSE!

Larger banks with massive derivative risks are one bond trader’s mistake away from exploding the financial system.

Their handiwork has the capability of collapsing the existing financial system of the world. It was the work of total idiots.

There is, of course, the question: Is this real stupidity or is a plot unfolding to collapse the financial system as we have known it in order to “save” us with the introduction of central bank digital currency? Are we passing from the remnants of democracy and self-government into total tyranny?

More at the above link.
# Marburg virus psyop incomingwelding 2023-03-20 13:10
Please be warned of incoming Marburg virus psyop. The propaganda will include images of people bleeding out, but they will be victims that previously submitted to lethal injection in whose bodies latent nanotechnology is being activated by 5G; and not victims of Marburg. This is the on-off switch others have talked about. This virus psyop will be followed-up by another lethal injection campaign that will be very real. Do not submit to lethal injection. Do not submit to "testing" either.
# I may be wrong...WilliamtheResolute 2023-03-20 12:55
Switzerland is the heart of the Khazarian stronghold, their banking system has been instrumental in controlling the world's financial path for decades...what if the Khazarian control system is being dismantled piece by piece through economic warfare...what if their really are white hats looking to foment the biggest revolution in recorded human history?

SNB & UBS are both unstable Swiss mega banks and when they fail they will bring down the Federal Reserve Board, the BIS, the IMF, the World Bank, the UN etc.
# RE: Why the Failure of Credit Suisse is such a big deal; It was a "Bulge Bracket Bank"JohnGalt1911A1 2023-03-20 12:51
If they’re solvent, why are medium sized banks asking for guarantees???
-1 # RE: Why the Failure of Credit Suisse is such a big deal; It was a "Bulge Bracket Bank"Eddamnit 2023-03-20 12:03
The bank stock crash has funded the war in Ukraine.
In 2023 the people will not buy War Bonds so they steal from the rich to buy weapons for the poor.

The Swiss said they would help Ukraine.
Help given.
+1 # Hell Freezes Over: Saudi King Invites Iran President to RiyadhGruntpa 2023-03-20 11:54
Imagine being so bad at foreign policy that you cause this.

Oh and, in case anyone was wondering, the Saudis are the reason we’re the world reserve currency.

You have seen nothing yet.
+1 # It is the derivatives.welding 2023-03-20 11:49
The initial spark was not depositors pulling currency out, it was derivative counter parties making margin calls to this and other banks since the value of collateral pledged to support derivative positions went down due to rising interest rates. Every bank and shadow bank is in the same boat. This is not a crisis. It is a script.
+1 # "rules" went right out the windowtraveller369 2023-03-20 11:18
Well put ;

Capitulation of the skeered thieving politicos ;
Capitulation of the stockholders short circuited ;
Capitulation of the bondholders next ;
Capitulation of the depositors ongoing and growing ;
Capitulation of the awake - NEVER

Turn and walk - phuc (sorry, "ditch") BigGov, BigMoney, BigOil, BigPharma, BigAg, BigFood ; any missed ?

+1 # One more thingBarbara55 2023-03-20 10:39
Let's not forget

This hatched in TECHNOCRAT land...home to Peter Thiel...Gates...

Just an accident right ?
Has NOTHING to do with Klaus Von Schwabbel right ?
Funny how things seem to HATCH soon after Plandemics...Ukraine...
Now the Banking Crisis.

Just food for thought
+1 # RE: One more thingBarbara55 2023-03-20 10:40
Sorry typo
+5 # FORCE MAJEUREBarbara55 2023-03-20 10:30
10:21 am Est

Do We Still Have a Banking Crisis ?

They've got to be kidding

Early am it was all in the red...
Now the DOW is up.
And this has very little to do with anything

Several months ago Steve Quayle did a show on Hagmann...Talking about FORCE MAJEURE
Need to find that archive.
He was talking about where we are right now .
This isn't a joke and its not going away.
In an instant Force Majeure can be declared and its all over. Nothing is guaranteed FDIC is off the hook.
It's heading that way.
The Great Schwabbel RESET
We're not being spared.
Don't fall back to ZZZZzzz
Get busy.
+1 # Achtung!!!Gruntpa 2023-03-20 13:06
Even the most prepared are unprepared for what is to come.
+1 # Get busy,oldschool 2023-03-20 11:53
Doing what ????
+1 # Get busyBarbara55 2023-03-20 13:17
If you or family has a retirement fund...instead of losing it all...discuss a way to protect it.
Check preps

In other words don't waste time
Trump will be a useful distraction for all of this...

# RE: Get busyoldschool 2023-03-20 20:52
Your right Barb, and I have been prepping since way back in 2008 when that other Antichrist took office and was on the warpath against America and threatening to take our guns and a whole lot of other stuff.
I need to start using my preps and restocking with new.
# how long, Hal,Kdasl 2023-03-20 10:22
can they keep this bubble from bursting?
# Dow Joneschip 2023-03-20 09:40
5 minutes after opening bell,, dow
Up 220 points. What a bunch of
Thieves and scoundrels running
World stock markets.
+1 # MachineMachine 2023-03-20 10:25
In 2010 I closed out my investments, consolidated what cash I had. I put it into precicious metals, now my mortgaga is paid off. I invested in land and othertangibles like food, things to protect myself with, solar etc...

I know if I left my few bucks in the market I may have recouped the losses, but I am saticfied with my moves. It forced me to be more self sufficient and self reliant.
+2 # Wolverines!Gruntpa 2023-03-20 09:48
If you are planning on doing a bank run be prepared for an unfavorable result. Banks whether National, Regional, or even Credit Unions do not keep your total balances on hand. Let SVB be a reminder to you.

Janet Yellen has come out and specifically stated the the Fed (as in her) will decide which banks are insured. Regional and local banks are not on that list. It is their goal to corral everyone into the big banks by shuttering the small ones.

I certainly don't want that and neither do you. The Fed can print as much money as needed to keep the larger banks solvent while the smaller community banks wither on the vine.

Remember, they control the creation of money. They can and will do so indefinitely until they financially break you. This action will also be the perfect situation to usher in the CBDC. If you do anything with your money move it into a community bank or credit union and hit them in their wallet by boycotting corporate America. Live local. Spend local.

Tribe before self. We will do this together. Regardless who the president is. This is and should be our focus.
+2 # RE: Why the Failure of Credit Suisse is such a big deal; It was a "Bulge Bracket Bank"WilliamtheResolute 2023-03-20 09:31
The only real surprise was that the first to go was Credit Suisse and not Deutsche now the morons have endangered UBS which already had one foot in the grave. The dominos are lining up, the last bank standing will be where the evil lives.
-3 # ShadesofgreenShadesofgreen 2023-03-20 09:25
Watch out everyone TRUMP is not leaving Palm Beach to Go to NY.

In fact Hal is right most people will be watching that event when it happens because there will be most likely a Fight between Secret Service and Florida State police with FBI.

Also I dont care what most people feel about Trump on this Forum but HE IS THE ONLY PERSON to PEG THE DOLLAR TO GOLD and SILVER. So all of you better hope the FEDs DONT ARREST HIM.

When all the Big Banks start to Fall there will be horrendous outcries from the people here and the Military will have to declare Martial Law.

Trust me when the Military get involved they will Pick the person who CAN GET US OUT OF THIS MESS.
+1 # Cruising for a bruising.Gruntpa 2023-03-20 09:54
The elite are grooming the American public to accept the arrest of a former president. That should make your blood boil, as everyone of them prior to Trump has committed Treason. Especially Obama. If you start with arresting the Clinton's, Bush family (Entire Family, even their evil wives) and the Obama's and end with the Biden crime family and Pelosi, then I could get behind the idea of it. The truth is we, as a country, have never condoned LE arresting former presidents as it sets a bad precedent, among other things. I have a hard time seeing how some NITWIT in the DA office in NYC can influence the FBLIE or NYPD to arrest a former president. That, in a word, is suicide. The people that idolize Trump will start open season on LE and the police know it. Just because the DA is stupid doesn't mean the police are, and no amount of coercion is going to make them do something incredibly stupid. You can assume the Clintons are behind this nonsense. Never under estimate how petty and evil that bitch is - at any time. The hash tag "Clinton Body Count" has been well earned over the years. She would step over her own daughters dead body for more power if it benefitted her in some way. Btw, Chelsea is dumber than a sack of rusty hammers. This whole story smells of predictive programming to entice the public to accept unacceptable behavior. Let's see how this develops on Tuesday. They may be THAT STUPID..........
+2 # Do you get it yet?Gruntpa 2023-03-20 09:22
"Credit Suisse is no more. It technically collapsed, then the govt. changed the laws in real-time and made UBS buy it with a bailout. They broke the law and refused to allow the rightful owners (shareholders) to UBS to vote, and dictated the sale... rule's and law be dammed.

The entire western system is now a joke and fraud. They rig the rules to their favor, no one goes to jail, and all the shareholders just got robbed for billions."

Dow jones futures DOWN bigley. Could be the bloodbath and crash we have all been expecting. The actions of the central banks may be a sign of panic, or they are purposely crashing the global economy (USD) on purpose. Hold onto your seats and use them for a floaty when Titanic finally sinks.
+1 # This Just In – Western Nation Central Banks Organize to Provide Daily Liquidity of Dollars in The Event of Contagion Bank CollapseGruntpa 2023-03-20 09:19
This is rather remarkable and tells us something about the current status of the “western” financial system. The last sentence in today’s announcement from the FED is particularly laughable. Check this out

That last sentence is nonsense. When was the last time the ‘central banks’ worried about the supply of credit to households and businesses? Total and complete nonsense. What they are worried about is the need to have readily available dollars, faster, to backstop banks that are supposed to be holding deposits.

more here:
+1 # Time for someone to be in the can?acturner067 2023-03-20 09:02
Remember, we must look after our shareholders? Well the table must have turn some for they were not interested in their rules for the shareholders but in their own selfist needs? Like in a staged event someone or many takes the fall for the betterment of the agenda that is being playing out before our eyes.
# So this is their planChappyusa1 2023-03-20 08:59
To collapse the banking system and do a reset. Money will go away and all you get it digital money. They own you then. All you useless eaters will have nothing to hide.

The great reset. Remove all debt, remove all money for a Global digital currency, where you can't buy or sell with out the mark.

Where have I heard of that before.
+5 # The writing was on the wall. Mene. Mene. Tekel. Upharsin.Gruntpa 2023-03-20 09:11
Daniel 5:25-27

25 And this is the writing that was written, Mene, Mene, Tekel, Upharsin.

26 This is the interpretation of the thing: Mene; God hath numbered thy kingdom, and finished it.

27 Tekel; Thou art weighed in the balances, and art found wanting.
# European Marketschip 2023-03-20 08:58
As of 8:50 am EST all the European
markets have turned around positive.
The big boys did some financial
Finegaling somewhere. Bet the Dow
ends up positive today also.
# what a cover upKdasl 2023-03-20 09:21
it is!
# RE: Why the Failure of Credit Suisse is such a big deal; It was a "Bulge Bracket Bank"Billylostdog357 2023-03-20 08:39
Long live the Alamo,giddy up cowboys its about to be the wild wild west again.
+2 # $39 trillion of dollar debt held off balance sheets.ShadesofgreenShadesofgreen 2023-03-20 08:38
This is the reality. The US Government knew about this problem 2 years ago with Credit Suisse. In fact, they tried to create preventive measures to soften the effects today.

The real problem here is that Credit Suisse has Trillions (who knows) of unreported derivative's with International Banks and with U.S. Banks. That is why the U.S government did not warn the people of the Final outcomes because not even they know what is going to happen.

ITS OVER PEOPLE because this will affect the top 7 banks in Europe and when deutsche bank fails will be equivalent to a hydrogen bomb explosion hitting all the cities of the World.

See below:

Credit Suisse's $39 Trillion Derivative Debt Poses Significant Threat to US Financial System.
Fed Must Continue Its Balancing Act.

The Macro List
Mar 17
Here is what we will be getting into today:

The Shadowy World of Derivative Debt: Why Credit Suisse's Troubles Spell Disaster for US Banks.

Navigating the Tensions: The Fed's Approach to Addressing Inflation while Protecting the Banking System.

Inflationary Pressures and the Looming Threat of a Hard Landing in the Global Financial System.

Let's Dive In!

Website: Wall Street On Parade
Title: The Next Bomb to Go Off in the Banking Crisis Will Be Derivatives

Here are the key highlights:

The U.S. Treasury Secretary, Janet Yellen, is under a lot of pressure due to the deteriorating condition of Credit Suisse, a Swiss banking giant. Under the Dodd-Frank financial reform legislation of 2010, Yellen was given increased powers to oversee financial stability in the U.S. banking system. The legislation made Yellen the Chair of the newly created Financial Stability Oversight Council (F-SOC), whose meetings include the heads of all of the federal agencies that supervise banks and trading on Wall Street. It is Yellen's authorization that would be required before the Federal Reserve could create any more emergency bailout programs for mega banks.

Recently, the US Treasury was reviewing US banks exposed to Credit Suisse, looking into how many billions of dollars of underwater derivatives US banks were on the hook for as a counterparty to Credit Suisse, and U.S. banks exposure to Credit Suisse's other major counterparties that U.S. banks do business with.

Credit Suisse was making headlines for two years, and serious problems at Credit Suisse have raised alarm bells in the US financial system. Credit Suisse is a global, systemically significant, too-big-to-fail bank that operates in the US and is deeply interconnected throughout the global financial system. Its failure could have widespread and largely unknown repercussions, which is why the US financial system and economy need to be adequately protected.

The recent revelations about Credit Suisse's deteriorating state have raised concerns about contagion risks in the banking industry, particularly in light of the staggering amount of secret derivative debt being held by foreign banks. According to a report by the Bank for International Settlement, this unreported exposure is 10 times greater than their capital, with an estimated $39 trillion of dollar debt held off balance sheets.

This poses potential threats to dollar swap lines and with a significant portion of derivative trades still not being centrally cleared, a layer of opacity is added to an already unaccountable system. The quarterly derivatives report from the Office of the Comptroller of the Currency found that four US mega banks held 88.6% of all notional amounts of derivatives in the US banking system, with a total notional amount of $195 trillion.
+1 # Cui bono?Gruntpa 2023-03-20 08:30
We are just seeing the beginning of what could be a huge nationwide bank panic. More than $550 billion was withdrawn from banks, just last week. The U.S. Treasury essentially nationalized American banking, by providing a huge new pool of cash. Silicon Valley Bank was just the first of many bank failures.

The allegedly “safe” banks dove in and took $152 billion of Treasury Department “discount window” loans, in just a few days. Also last week, the Federal Reserve offered another $25 billion, and $12 billion of that has already been taken.

The FDIC’s remaining +/-$100 billion fund could be drawn down after just a couple of days of bank runs at a few banks. Thereafter, with the U.S. Treasury as the “creditor of last resort”, FDIC obligations would presumably all be electronic dollars created out of thin air, handed out in the forms of cashier’s checks. Therefore, don’t expect to be handed greenback cash. That quantity of printed cash simply doesn’t exist. Yes, they could print hundreds of billions of new “dollars” in $100 bills, but that could take several months to accomplish. This situation is going to get a lot worse before it gets better! Ultimately, American taxpayers will foot most of the bill for the bailouts. This could quickly add another $2-to-$5 trillion to the national debt.

You might ask: Cui bono? As smaller banks fail and get bought out by big banks, it consolidates wealth and power in the hands of the biggest “too big to fail” banks, and thus consolidates the control of the Federal Reserve banking cartel.
# The head of S.P.EC.T.R.EGruntpa 2023-03-20 07:53
Perception is the inception of deception.

Imagine featuring Klaus Schwab

"SPECTRE is a dedicated fraternity whose strength lies in the absolute integrity of its members."
+2 # Interesting readsupporttheblue 2023-03-20 07:52
+4 # FFAdster 2023-03-20 07:38
Who here suspects a false flag attack of some sort might be on the cards coming soon?? To divert the attention away from us mere peasants from slavelandia (as Gerald Celente says)
+7 # Thank you, Hal TurnerUtah1 2023-03-20 07:05
Always ahead of the curve, and cliff.
# Don't sweat the small shit 2023-03-20 06:02
It's all going to to FUBAR soon Hal.

Sweating the details is not going to change things.

It's perhaps just rearranging the deck chairs on the Titanic.

I prepare, every day. And I try to educate the dumb fuks that won't listen.... every day.

Not going to get upset over every new breaking crime of the globalists....
+5 # Hal, you need to get some sleep.Smiley1984*! 2023-03-20 05:53
Hal, you need to get some sleep.

I know it not easy for you to sleep knowing what is happening around you. We are very grateful for the news you post but also aware of your need to take care of your health.

As you have said today is going to be an interesting day as far as the banking industry is concerned. We may even have a "Black Monday", but you have made your preps. and warned others now all we can do is wait-meanwhile get some rest.

+2 # hmmmm? nato might be ready to pull the trigger?Mighty Mouse Says 2023-03-20 05:51
BREAKING NEWS! NATO 300,000 TROOPS at Russian Border, BANKS Brace for Collapse
# just watched ROLLOVERNZ KIWI 2023-03-20 05:31
The main story line LACK OF CONFIDENCE IN THE US DOLLAR and bank run caused by SAUDI , MAYBE WE COULD JUST INSERT ISRAEL and JAPAN as well ??
+6 # RE: Why the Failure of Credit Suisse is such a big deal; It was a "Bulge Bracket Bank"JohnGalt1911A1 2023-03-20 05:28
Good morning to you too, Hal! I got what little I have out on Saturday, bought some groceries and topped off the pickup.
Best I can do; now it’s Psalm 23 time.
# URGENT WARNING: "THE Games OVER" Prepare IMMEDIATELYMighty Mouse Says 2023-03-20 05:20
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-7 # Overreactingpco 2023-03-20 05:53
Don’t think we are at that point yet - calm down. This was just one more slow step they are taking
+9 # RE: 2023-03-20 06:14
It matters not if its a large or a small step ....
and we will never know except in hindsight.

What matters is that your realize that bad stuff is coming, and that you single mindedly prepare to the best of your abilities.
+4 # Lynette Zang Chief Trading analyst from ITM Trading fromMighty Mouse Says 2023-03-20 05:37
explains to Canadian Prepper audience what is happening and what to do in simple language we can all understand.

Confused by economics? Don't have a clue about economic terms? Your not alone, they designed it that way to keep the people from discovering their fraud and theft.


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