Tag: Banking Crisis

Hmm. Maybe I was right when I wrote this two months ago, after being right fifteen years ago. Time will tell.

IS THE U.S. BANKING SYSTEM SAFE? – 15 YEARS LATER

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Guest Post by Karl Denninger

Bear Stearns is not the banking system — it is contained.

Subprime is contained.

“We’re gonna OWN subprime lending — Mozilo”

Uh huh.

Who remembers me over on the Countrywide Yahoo finance forums back in 2007 before it all blew — when I was shorting into price ramps on that stock because from where I sat they were a zero.  They were a zero.  It was a nice trade.

Who remembers me calling out WaMu in early 2007 when they were paying dividends with money they didn’t have, and regulators did nothing?  That article is still here, if you look for it.  They were also a zero.

Continue reading “Oh Countrywide, Is That Your Ghost?”

Know your enemy

Guest Post by Paul Craig Roberts

As I reported at the time, the banking crisis is not limited to Silicon Valley Bank.  Silicon Valley Bank’s failure was followed by the failures of New York Signature Bank and First Republic Bank of San Francisco.  Now three more banks have had their stock prices collapse–Western Alliance, PacWest Bankcorp, and Metropolitan Bank.

Continue reading “More Troubled Banks”

Via State of the Nation

Controlled Demolition In Progress of All
Banks That Are Not TOO BIG TO FAIL

But what exactly are the Khazarian banksters up
to with this black operation?

The short answer is this: The Too Big To Fail banks are stealthily being given a total monopoly over the entire U.S. banking system because they have always been completely owned and operated by the Khazarian Cabal.

In this way, when CBDC is rolled out nationwide, there will be no smaller banks in the way of the Khazarian plan to eliminate all cash and coin from the street as well as from the American banking system.  The Central Banking Cartel has had an institutional CBDC in place for quite some time undergoing beta testing.

*CBDC = Central bank digital currencies

Continue reading “OPERATION BANKING SYSTEM COLLAPSE”

Submitted by Brewer55

Guest Post by Leo Hohmann

Don’t wait to find out the answer…Financial planner says ‘A credit union is a better strategic decision right now.‘

Is America’s banking system safe?

The data shows that the three American banks that have failed so far this year represent more deposits than the 25 banks that collapsed in 2008.

It was announced today, May 1, that San Francisco-based First Republic Bank was seized by federal regulators and sold off to JP Morgan, making it the third major U.S. bank to collapse in the past two months after Silicon Valley Bank and Signature Bank fell apart in March.

Financial experts are urging calm, suggesting everything will work itself out if we just trust the system. But you really have to wonder if this isn’t all happening by design.

Continue reading “How many more bank failures will it take to shake Americans’ confidence in the ‘full faith and credit’ of the U.S. government?”

Guest Post by Nouriel Roubini

Bank-sector stress makes a stagflationary debt crisis more likely and potentially more severe

Duration risk hammered Silicon Valley Bank and seems to have been lost on many bankers, fixed-income investors and bank regulators.

In January 2022, when yields on U.S. 10-year Treasury bonds TMUBMUSD10Y, 3.556% were still roughly 1% and those on German Bunds were -0.5%, I warned that inflation would be bad for both stocks and bonds.

Higher inflation would lead to higher bond yields, which in turn would hurt stocks as the discount factor for dividends rose. But, at the same time, higher yields on “safe” bonds would imply a fall in their price, too, owing to the inverse relationship between yields and bond prices.

Continue reading “Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent”

From Peter Reagan at Birch Gold Group

Today, March 16th, is the 15th anniversary of the first bank failure of the Global Financial Crisis.  If you were paying attention to financial markets back then, you probably remember…

On March 14, Bear Stearns, an 85-year-old Wall Street investment bank with a respectable pedigree, announced major liquidity problems.

To be clear, “liquidity problems” are bad, but they aren’t the end of the world. “Liquidity problems” is the banking phrase that means, “We’re good for the money, we just don’t have ready cash right now.”

That was plausible – after all, Bear Stearns was the 5th largest investment bank in the U.S. They immediately received a 28-day loan from the New York Federal Reserve.

But that wasn’t enough – because it turned out they didn’t in fact have “liquidity problems,” they had “solvency problems.” (That’s the banking phrase for, “All the money’s gone.”)

Continue reading “We Are in the Eye of the Hurricane – What Happens Next?”

Guest Post by Ron Paul

The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in US history. Just two days following SVB’s collapse, Signature Bank joined the record books as the third largest bank failure in US history. First Republic Bank also seemed on the edge of collapse until Bank of America, Citigroup, and other big banks agreed to jointly fund a bailout for it.

Major Swiss bank Credit Suisse was also teetering on the brink when it received a 54 billion dollars line of credit from the Swiss UBS Group last week. Now, UBS is in the process of buying Credit Suisse. Politicians, regulators, and financial “experts” all rushed to assure us these problems were all caused by factors unique to the individual banks and were not a sign of a systemic weakness in the banking system.

Continue reading “Are Bank Failures a Sign of More Trouble Ahead?”

Guest Post by Jim Kunstler

“Deny, deflect, minimise & mock your enemies questions. Don’t engage them in good faith, they’re attacking you with a view to undermining you. Don’t fall for it. Don’t give them an inch.” — Aimee Terese on Twitter

The net effect of all the lying propaganda laid on the public by the people running things lo these many recent years is a peculiar inertia that makes us seemingly impervious to gross political shocks. Momentous things happen and almost instantly get swallowed up by time, as by some voracious cosmic amoeba that thrives on human malignancy. Case in point: the multiple suicide of several giant banks just days ago that prompted “Joe Biden” to nationalize the US banking system.

Continue reading “SVB + FTX + SBF = WTF?”

Guest Post by Martin Armstrong

The Biden Administration is responding to the panic phone calls that their Marxist philosophy will bring down the entire financial system. My ear is red as can be. I have had enough of the phone calls today to last the balance of the month. Trying just to do the right thing! Three banks have effectively gone down in the week of March 6th, which our computer was targeting. There have been Silicon Vally Bank, Signature Bank, and Silvergat Bank.

Continue reading “The Banking Crisis is Global – Not Confined to the USA”

Via Martin Armstrong

Watch the video above to see my most recent interview with Greg Hunter of USA Watchdog.

Commentary from Greg Hunter:

Continue reading “Banking Crisis Will Start in Europe”

Guest Post by Simon Black

On November 6, 2000, then US presidential candidate George W. Bush told a crowd of cheering supporters, “they misunderestimated me.”

Now, if English is not your native language, allow me to clear the air: ‘misunderestimate’ is not a word. But then again, George W. Bush was legendary for hilarious slip-ups like this.

There are entire books dedicated to his ‘Bushisms,’ the ridiculous made-up words and incomprehensible sayings that became routine for the 43^rd US President.

‘Misunderestimate’ seems to be a conflation of the words ‘misunderstand’ and ‘underestimate’. And while that was utterly hysterical 20 years ago when Bush first said it, ‘misunderestimate’ may be the most appropriate word of today.

The entire world has completely ‘misunderestimated’ the Corona Virus.

Continue reading “Banks are going to drown in an ocean of defaults”

Guest Post by Thaisleeze

…mainstream media outlet to recognize that the world is in the middle of a major banking crisis? A crisis that began in September 2019 when the inter-bank lending market in the USA sent the first distress signals, and continued to send in ever increasing amplitude.

Continue reading “HERE WE GO AGAIN”