The greatest banking minds in the world didn’t realize buying bonds paying .5% interest would lose value when the Fed increased rates from 0% to 5%? What a bunch of morans. As long as they aren’t forced to sell these bonds, all is well. Extend and pretend. Sure would be tragic if there was a coordinated massive withdraw of deposits from these banks and they were forced to sell these bonds to satisfy depositors.
Submitted by The Armchair Financial Analyst
These are the 3 primary reasons why the Khazarian Cabal is forcing the closure of specific banking institutions before all banks are taken over by Big Government.
“We’ve got strong financial institutions…Our markets are the envy of the world. They’re resilient, they’re…innovative, they’re flexible. I think we move very quickly to address situations in this country, and, as I said, our financial institutions are strong.” – Henry Paulson – 3/16/08
“I have full confidence in banking regulators to take appropriate actions in response and noted that the banking system remains resilient and regulators have effective tools to address this type of event. Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again.” – Janet Yellen – 3/12/23
With the recent implosion of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008, I had an overwhelming feeling of deja vu. I wrote the article Is the U.S. Banking System Safe on August 3, 2008 for the Seeking Alpha website, one month before the collapse of the global financial system. It was this article, among others, that caught the attention of documentary filmmaker Steve Bannon and convinced him he needed my perspective on the financial crisis for his film Generation Zero. Of course he was pretty unknown in 2009 (not so much anymore) , and I continue to be unknown in 2023.
Continue reading “IS THE U.S. BANKING SYSTEM SAFE? – 15 YEARS LATER”
First Republic Bank’s stock crashed in premarket trading in New York following a statement issued on Sunday night that sought to ease investor worries about its liquidity situation in the wake of the failures of Silicon Valley Bank and Signature Bank.
Shares of the regional bank are down 60% in the premarket. The lender said in a statement late Sunday that it had more than $70 billion in unused liquidity to fund operations from agreements that included the Federal Reserve and JPMorgan Chase & Co.
I found the last section of the article “Are U.S. Banks About to Stress Out?” particularly interesting.
It’s not discussed in the article but I would assume that bail-ins are going to be associated with some kind of bank holiday similar to what happened in Cyprus and Greece as opposed to being a singular event. Either way I’d encourage people to maintain a stash of small denomination bills outside of the banks and credit unions. A couple of months worth of expenses in 1’s, 5’s, 10’s. Throw some twenties into the mix but sparingly as change for 20’s, 50’s and 100’s will likely be in high demand.
If you have debt, payments on that debt will still be due on time even if the banks are closed so keep a couple months worth of debt payments in the larger notes on hand as you should still be able to purchase money orders and mail them in on time as verified by the post mark on your payments.
Continue reading “BANK RUNS, BAIL-INS? IT COULD BE TIME FOR YOU TO BAIL OUT!”