With the failure and subsequent seizure of that bank in California today, things got set in motion for the collapse of our economic system to accelerate.
It’s not just the one bank that is the problem.
Like all banks, they are all interconnected with investments and what we have here is basically another Leman Brothers Moment.
I don’t know if any of you know of Gregory Mannarino but he has been watching and predicting this for over ten years.
He knows of what he speaks as he basically makes his living outguessing Wall Street and The Fed.
The whole entire world economy is based on a debt system.
It needs new debt added on a daily basis to keep operating.
Greg watches Wall Street of course but it is the Debt Market that he pays attention to.
The Debt Market drives Wall Street.
The problem is that the world is completely saturated in debt at this point and the whole system is locking up.
This is why TPTB are wanting this CBDC, electronic Fiat Money.
It’s the same garbage money with TOTAL CONTROL, only digital.
This is why that bank was allowed to fail.
The Banking Regulators knew it was going to, could and should have stepped in and not let that happen but did, on purpose.
The next three months are going to be insane with regards to the financial system.
Inflation is going to keep increasing and Bank Runs are already happening.
I already watched the Youtube video Greg put out earlier today about this subject and I can honestly say it would be worth your time to watch it also because he explains it all very well.
Just like the Great Recession of 2008, The Big Banks are going to swoop in and clean up on the premium investments these little banks have and leave us, the taxpayers, holding the bag for the junk.
Like I said, well worth the watch.
my grandfather had a lot to say about banks and that bastard FDR.
and like him, I keep some day to day money in the bank. any left over after paying bills and shit goes into hard goods. food , fuel, and ammo. stuff.
all paper money returns to it’s true value in time. I forget who said it back in the 1700″s . Voltaire ? anyway. ball canning jars and seeds are going to be the next big thing. do not forget water filters either. good ones ! and spare filters too.
the death of the dollar is already under way. many countries are dumping them on the quiet. the house of Saudi is selling their oil in Yuan and whatever else besides dollars. back in the 1980’s, attended a lecture about money in the world.
at that time. over 80% of ALL of US one hundred dollar bills where held OUTSIDE
the country. back then it was a solid fallback money that was taken everywhere.
that has be changing over the last 20 years or so. the FED is printing too much paper money. what will be important in the future will be shelter, food , and the meds you may need. the dollar will fall. if not this year, it will be next year.
I really don’t see it lasting much longer than 2 years. maybe 3 at the max.
the writing was on the wall back in 2008. this country is doing a Weimar right now. it just hasn’t caught up to us yet. you might as well buy the stuff you are going to need while it still has some value.
Create (or allow) a Problem
Make a great deal of noise about it
Offer THE Solution
As Rham (Obummers right hand man) said “Never let an emergency go to waste for it provides a chance to make changes”.
Digital Dollars in the minds of the Powers that Be is along with the Chinese Social Credit Score a STRONG Control system for Americans.
Orwell’s 1894 didn’t even ponder THAT control system.
Want to buy ammo? NOPE, Buy Gasoline NOPE, and so on.
It’s a Be Good or starve as your credit cards are OURS, AND their is NO Cash.
Trusted friends (ever wonder WHY they spend SO much time keeping us fighting among ourselves? Divide and control), stored foods, tools skills and faith will carry you through times of no (or controlled) money.
https://market-ticker.org/akcs-www?blog=Market-Ticker
Too much here to snip and paste.
Market Ticker tends to be accurate, but it is amazing how long they can extend and pretend unrecoverable debts.
It looks like the kick the can down the road has met the bridge out sign unless the Fed reopens the money printers at HIGH.
If they do I suggest you read the best book on Weimar Germanys hyperinflation
When money dies.
https://www.goodreads.com/book/show/8567383-when-money-dies
They had better be very cautious. They may find that many feel that enough is enough and enact a 2nd Amendment reset themselves.
It’s long overdue.
With all the bullshit lies that are coming to light over the rona, J6, Hunter’s laptop, the boarder, Ukraine, etc., someone is eventually going to have to pay the piper. And it’s going to be a steep price.
The downturn of 1970 beat me up when I was starting my first business and the one in 1980 did also but not as badly as I saw it coming but didn’t know what I should do to get ready for it. It still took me a few years to get really liquid again. The 2008 I saw coming and actually came out better than before as I knew what to keep and what to get rid of. This time I have no doubt that it is going to get bad. Really Bad. 1930s bad or likely worse. So dump that Normalcy Bias and get ready. —ken
At least we won’t freeze.
All that hand-rubbing generates a lot of heat.
I have to chuckle, every body and their dog including Jim Cramer has been predicting it for over 14 years. They are like the broken clock except this one will only happen once before the next one.
If you buy it with cash today it can only be replaced with whatever is money in the future if available. We will have to relearn the old ways.
With CBDC you just “accidently” hit ESC and voila’! all the numbers go back to zero.
Got silver gold and brass?
Yes, but all that won’t do you any good if you die by starvation. Conversely, you will die of starvation if the grasshoppers come and take all your food because you couldn’t defend it!
So, what bank got sized?
Wells fargo?
The Federal Deposit Insurance Corporation (FDIC) has seized Silicon Valley Bank in Santa Clara, California on March 10, 2023, making it the largest bank failure since Washington Mutual during the height of the 2008 financial crisis.01