I wonder if it was China trying to break us. George Soros broke the Bank of England with far, far less money than China is able to wield and China may have known what positions to take to bring our banks to their knees.
The whole covid thing is all about the monetary system. They needed to inject trillions into the ponzi scheme to debase the currency as major financial institutions would become insolvent otherwise. The covid shit was the excuse to print the money and do fiscal stimulus as the economy can no longer be stimulated via interest rates as we have hit the zero lower bound. Lockdowns are to keep the velocity of money down so inflation doesn't blow through the roof and lead to changes in inflation expectations which is a major driver of actual price inflation along with obviously printing stupid amounts of money. It also kills old and sick people who are the major beneficiaries of social security, medicaid, medicare, and government/private pensions. This makes the government more solvent as well as inflates the national debt away. You can look at the basic quantity theory of money equation and the corresponding measures such as M1 and velocity on feds FRED website. Total scamdemic.
Basically, its just pointing out that the United States stays afloat by inflating the monetary supply through the fed and creating artificial growth via loaning the monopoly money to financial institutions that then use the free money to make risky trades to drive up equity prices.
The net result is your savings are devalued and the monopoly money drives returns for the elites. Its all an income redistribution scheme from Americans to the elites.
100% correct. And it's the same damn Mercantilist system, also known as corrupt crony capitalism, that our ancestors came here to get away from. Damn private central bankers just couldn't leave us alone.
Feudalism was a medieval version of the patron system. Wealth was suppose to go to a local lord which would handle taxes and make sure to distribute goods among his subjects because they were too uneducated to handle it themselves. The lord's we're suppose to help their subjects and keep them productive.
Instead they just looted them and took everything. Just like socialism. It's really the same system but with extra steps and more "healthcare".
Feudalism---> monarchy corporatism( not sure what to name it but all kings n queens chartered colonies and companies like the dutch east indies, east india company, etc) --> democracy.
An argument can be made that now the government is pretty much controlled/owned by private corporations, and that would be called Corporatism or Fascism.
But we also get to hung up on the definitions of the isms. The current iteration of tyranny uses the tactics of several different historical isms and it'll probably deserve its own term when we look back on this period.
Fascism is the government focusing on non-material things so all material things are left in the hands of corporations. The corporations then tend to control everything because they produce things of value instead of worrying about "duty, honor, chastity, sanctity, etc".
If corporations control the government and use it to control the means of production (COVID) then it's socialism.
It means that these guys are able to access YOUR LABOR at below market rates and bill it TO YOU through taxation and inflation, goosing the stock market and making BILLIONS a year.
You are paying for this.
Your children will pay for this.
If we don't stop it, your gradnchildren will have significantly decreased standards of living. They will own nothing and eat bugs and they had BETTER like it.
A bit of banking info first. Banks have a reserve requirement, usually around 10% of the money they loan out they have to keep on hand. If they don't have this, if they are even a penny short they go out of business. This is why banks close early. Overnight if they are short they have to take out a loan. The fed sets this interest rate
What the 4channer was saying: Banks have not been able to meet the reserve requirements, an not just your local banks (maybe you have noticed local banks are dropping like flies). These are the biggest banks in the world. The only way they can stay afloat is of they keep getting larger and larger loans.
How many loans can they take out before people start to notice, and realize the banks are insolvent. When they decide to take their money out of the banks (out of the 10% reserve requirement) the burden for the banks gets higher, and they need to take out bigger loans, and so on.
The end result the banks go out of business, the US economy collapses, the world economy collapses. Years later someone writes a book entitled "the rise and fall of the American empire"
Long term freeze dried food, like Augason farms. Buy it while it is cheap now, resell online later. Some foods store longer than others. Butter, powdered cheeses, etc are 5 years or less, Potatoes and grains are 20+.
The thing is is that the reserve requirement is not an option. They have to have it or the would have already closed down. Now the loaning part is right, banks lend and send money to each other constantly. I wish someone could explain why this is all an issue.
They claim to $100 but only have $10, because they know it is rare that over 10% of people will take out their money at any given time. If you new a bank only have $10, and told people they had $100, would you keep your money in the bank. Now imagine on top of that they were in debt to other banks for $1000. Eventually people take out their money, and other banks refuse to loan them money.
Now remember they only had $10, but said they had $100. Once customers withdraw the only $10 the bank has , the bank can't pay the other $90.
In short imagine that everyone in America, and the world, only can access 10% of their money. Why because banks dont have it. That is the reality we face. Collapse. The only solution is for the fed to print money and loan it to the banks. At a faster and faster rate, wich leads to hyperinflation.
I’m in the industry. It’s so much more highly regulated than you can imagine. Look, the fed is bullshit and there’s a lot of bullshit out there but if you had any idea how much they have cracked down on the industry it would blow your mind. There’s hundreds of investigators just dying to catch this kind of shit, it will get them a raise and maybe public praise.
A lot of this 4chan stuff is just from people who don’t understand it.
I admit I only know the surface, but for some reason the big banks get bailed out at tax payer expense. Maybe tell your friends to look them. It seems they didn't see 2008 coming, I don't think you know what you are talking about. I'm sure the are looking for things, but not where they should be.
Are these people related to the same ones that Bernie Madoff pulled the wool over for so long? As another poster posited, it seems these regulators spend their energies on the smaller fish while they run protection on the bigger fish. See also: IRS looking at $600 accounts and the FBI relationship with Clinton Inc. and the DNC heavy hitters.
Your share is 26 c. How I figured it out was 10 years ago I had a check for over 70k I demanded cash took 2.5 weeks they had to get the money from three other states. If you divide the cash in the USA (most us currency is stuck in exchanges over seas.) by population your amt is 26c. A run on banks is serious isssue.
Wall Street has lost everything. The federal government is giving them free money so they don't go bankrupt via the Federal Reserve. The secret loans made 2 years ago are just now being revealed.
Did they give you secret loans at ridiculously low interest rates wheb you were in trouble?
Extremely interesting. Anons have been speculating for a while that the real reason for lockdowns is to do with financial collapse. This has been the only explanation that's ever made sense to me. And the timing here is interesting isn't it? Not conclusive, but certainly evidence, both in the bailout, and the eventual release of info.
They've robbed everyone blind, again. And been bailed out, again. But lockdowns and force jab are a step too far, frens. They gotta pay.
The article you linked to is correct; the Fed is ridiculously non-transparent. They always have been, and that's a big part of the problem.
When it comes to secret bailouts, just take a look at the banks, US and Euro, who are allowed to participate at the Fed Window. Every single one of those is a beneficiary of taxpayer and Fed welfare.
In other words, the zombie banks have never really recovered from 2008.
The fun thing about murky messes is that sometimes you can find a gem hiding among all of the muck. I've got a friend who is a forensic accountant and he's REALLY good at wading through federal documents. I quite often defer to him on some of the more complex documents.
This version of the post doesn't explicitly state the reporting requirement - these loans have to be reported eight fiscal quarters (two years) after they are made.
So the Fed has been sitting on the news for two years, and now media outlets are refusing to cover it.
You cannot have a Caesar who runs the banking system in addition to being the chief executive and commander in chief of all armed forces. Too much in one pair of hands. Do not lament that the president doesn't have direct control over the Fed.
We like to have distributed power. Not too much concentrated power. Federal system, no pun intended. The hope is, that if one leader is an idiot, another one will not be. The hope is that somewhere, somebody in government will have some sense.
This is a good idea. Our government is magnificently structured. The hard part is staffing it with people with stuffing. That, the nation has to produce. From the ground up.
The only power I want the President to have over the Federal Reserve is to have all its members summarily executed for treason... and I'd like to see him use it. Frequently.
They have to keep printing more money faster to keep things from crashing. Raising interest rates even marginallg would certainly bring us back to reality quickly.
Not to mention all the fake Chinese companies they let on our stock exchange.. WTF. You think China would let Jimbo's Tire Factory in Detroit, MI with a bunch of fake P/L and orders get on their exchange? Fuck no.
Like Gamestop and the shorts, it's all vapor. How do you know that whatever your 401K is based on is actually what they say it is, is where it's supposed to be or is not collateral for some insane financial shenannigans?
I'm not even a doomer, but human nature is such that giant pots of money will be targets of the morally challenged. The bigger the pot, the bigger the moral challenge.
Exactly, that's a stupid thing to do. Convert it to hard assets immediately! Spread over Crypto, Gold, and maybe even real estate if you can find a good deal on land that doesn't move in price much.
That will trigger a lot of paper work. Post sep 11 you can only take out like 10k at a time without triggering red flags. Going to deposit it can be a pain too. Think it through before you deal with the hassle
Thanks for the tip. I was thinking of $9900 withdrawals. This money is for a project and I'll just as soon pay cash than write a check. My contractor will be pleased.
Jp, Morgan, and citi all happen to also be exposed to China's impending real estate bubble doom.
Are US citizens going to bail out China through these wall street firms because they don't want to go bankrupt for their corruption with communists?
People will be really shocked to find out that the US Federal Reserve (aka taxpayer) has not only bailed out US banks but FOREIGN banks and institutions. This included major UK and Swiss banks.
Is it possible that the mass de-valuing of the dollar, is their strategy for giving China less power, because their massive amount of dollars because useless?
"You can't use our currency we gave you to hurt us, because it's now useless bwahaha"
No we don’t. Feel free to explain it to us in a couple of paragraphs. Please comment on why the business press remains silent on unprecedented amounts of money changing hands.
Banks are required to have a certain amount of cash on hand vs their liabilities. In 2008 we ran into an issue where the banks had assets to sell but no one to buy (let alone the debate of wether or not they should have sold for pennies on the dollar and gone under anyways). The us Congress said we can’t have that happen again: enter the fed reserve repo facility. Banks would now have the means to prevent this from happening again and hopefully averting 2008 pt.2.
We continue to trundle along merrily merrily with banks using this minimally to ensure their balance sheets are squared with the cash:liability requirements at the close of each business day. Then comes the start of 2008 pt.2 (the crash hasn’t happened yet) in 2019 people start losing their minds and buying houses like crazy. Banks are lending money (cash) and assuming mortgages (liabilities) at a rate unseen since the start of the repo facility. This causes the banks to exchange liabilities for cash with the federal reserve. The fed needs a way to get these liabilities back into the hands of the bank when that day comes. (2021) Enter the reverse-repo facility where the banks can trade liabilities for cash (this cash comes from all the money printing that has to go into the banking system by law). Fed prints money, gives to banks, banks exchange cash for liabilities and tighten up lending.
There’s a major problem with these facilities but it’s not what you all seem to think it is.
1st problem; the Congress is allowed to set up another tool that insures banks don’t fail, which encourages more poor risk mitigation by banks and consumers.
2nd problem; Congress can then authorize the manipulation of the money supply to keep their schemes afloat.
The banks are doing what they do…the problem is with congresses ability to subsidize bad policy decisions. PERIOD.
I remember this. I remember thinking this was exactly why they let the virus loose in the first place.
The lockdowns and everything seemed to be them preparing for the backlash of global economic meltdown.
Buckle in.
I wonder if it was China trying to break us. George Soros broke the Bank of England with far, far less money than China is able to wield and China may have known what positions to take to bring our banks to their knees.
I get on my knees for free.
u/PraiseBeToAnaconda wants to know your location
Dont let Big Mike see this post Bathhouse Barry.
Every time!
China's had Western (((support))) for a long time.
China's banks are in their own disaster situation much worse than the US banks.
China is just a boogeyman, they are owned by the same masters.
China lockdowns is indeed interesting timing.
The Great Reset was being timed.
And the Great Reset is the official debut of the decades-long green de-industrialization plan.
Green in that everyone is fertilizer?
The whole covid thing is all about the monetary system. They needed to inject trillions into the ponzi scheme to debase the currency as major financial institutions would become insolvent otherwise. The covid shit was the excuse to print the money and do fiscal stimulus as the economy can no longer be stimulated via interest rates as we have hit the zero lower bound. Lockdowns are to keep the velocity of money down so inflation doesn't blow through the roof and lead to changes in inflation expectations which is a major driver of actual price inflation along with obviously printing stupid amounts of money. It also kills old and sick people who are the major beneficiaries of social security, medicaid, medicare, and government/private pensions. This makes the government more solvent as well as inflates the national debt away. You can look at the basic quantity theory of money equation and the corresponding measures such as M1 and velocity on feds FRED website. Total scamdemic.
Fucking hit nail on the head here.
It's a one-size-fits-all solution to the problems you listed, plus a few more.
Mostly, its about the concentration of power into ever fewer hands.
That's why we can see the chinks in the armor. That's why we can resist.
That's why it won't work, unless we let it.
“Controlled” demolition. Except it’s a runaway reaction now.
True if big...
One last cash grab to help them prep their doomsday bunker fortresses, no doubt.
Let their fortress become their prison?
Some would say "tomb" - not "prison"
https://www.newyorkfed.org/markets/OMO_transaction_data.html#rrp here you go
That is the most likely explanation now as well with all the evidence we got.
This should be stickied.
IT SHOULD!
It’s all very interesting, but what does it all mean Basil?
Basically, its just pointing out that the United States stays afloat by inflating the monetary supply through the fed and creating artificial growth via loaning the monopoly money to financial institutions that then use the free money to make risky trades to drive up equity prices.
The net result is your savings are devalued and the monopoly money drives returns for the elites. Its all an income redistribution scheme from Americans to the elites.
100% correct. And it's the same damn Mercantilist system, also known as corrupt crony capitalism, that our ancestors came here to get away from. Damn private central bankers just couldn't leave us alone.
It's called socialism. Government ownership of the means of production and the wealth of a nation.
At this point the money printer is the means of production.
It was Feudalism before Democracy made them incorporate pretending to care about people with Socialism.
Feudalism was a medieval version of the patron system. Wealth was suppose to go to a local lord which would handle taxes and make sure to distribute goods among his subjects because they were too uneducated to handle it themselves. The lord's we're suppose to help their subjects and keep them productive.
Instead they just looted them and took everything. Just like socialism. It's really the same system but with extra steps and more "healthcare".
Feudalism---> monarchy corporatism( not sure what to name it but all kings n queens chartered colonies and companies like the dutch east indies, east india company, etc) --> democracy.
Yes and no.
An argument can be made that now the government is pretty much controlled/owned by private corporations, and that would be called Corporatism or Fascism.
But we also get to hung up on the definitions of the isms. The current iteration of tyranny uses the tactics of several different historical isms and it'll probably deserve its own term when we look back on this period.
Fascism is the government focusing on non-material things so all material things are left in the hands of corporations. The corporations then tend to control everything because they produce things of value instead of worrying about "duty, honor, chastity, sanctity, etc".
If corporations control the government and use it to control the means of production (COVID) then it's socialism.
I've been naming them since I walked away from Wall Street 12 years ago.
Of course, my voice isn't loud enough to draw their attention.
Sorry, your answer was not in the form of a question. Also: An Album Cover
And the institutions loan out the money to political parties that they favor, such as LGBT loving and BLM loving groups.
It’s a wealth redistribution scheme, much worse than income redistribution
Get out of cash, people. Gold. Land. Crypto.
it's the commies printing money for themselves while the rest of us think we still have capitalism
It means that these guys are able to access YOUR LABOR at below market rates and bill it TO YOU through taxation and inflation, goosing the stock market and making BILLIONS a year.
You are paying for this.
Your children will pay for this.
If we don't stop it, your gradnchildren will have significantly decreased standards of living. They will own nothing and eat bugs and they had BETTER like it.
We're going to have to divest from their fiat currency or they will hang us with it.
shit... we won't be able to bemoan to our grandchildren how much worse life was for us. ie going to school uphill both ways in a snowstorm.
/s
Thank McConnell for raising the debt limit.
What I took from it.
A bit of banking info first. Banks have a reserve requirement, usually around 10% of the money they loan out they have to keep on hand. If they don't have this, if they are even a penny short they go out of business. This is why banks close early. Overnight if they are short they have to take out a loan. The fed sets this interest rate
What the 4channer was saying: Banks have not been able to meet the reserve requirements, an not just your local banks (maybe you have noticed local banks are dropping like flies). These are the biggest banks in the world. The only way they can stay afloat is of they keep getting larger and larger loans.
How many loans can they take out before people start to notice, and realize the banks are insolvent. When they decide to take their money out of the banks (out of the 10% reserve requirement) the burden for the banks gets higher, and they need to take out bigger loans, and so on.
The end result the banks go out of business, the US economy collapses, the world economy collapses. Years later someone writes a book entitled "the rise and fall of the American empire"
Yep, raise rates more than 1% in a 6 month period and near instant collapse
And why they hate Cryptocurrency
That's hundreds of billions of dollars being taken out of banks, counting against their reserve requirements
Yep, crypto, silver, gold, real estate, guns, and ammo. Even food would be a smart bet.
My canned chicken has gone up in value like 20% in a few weeks. I can't wait to eat my gains.
Duuuuude, I have those big packs of canned chicken from Costco from 3 years ago that have gone way up. Sick gainz!
same. "I'm Riiiiiiich Biiiiiyitch!"
And turn them into gains.
Double gains
Long term freeze dried food, like Augason farms. Buy it while it is cheap now, resell online later. Some foods store longer than others. Butter, powdered cheeses, etc are 5 years or less, Potatoes and grains are 20+.
I’ve always thought paying hodling crypto would have to be a thorn in the side of fiat money and lead them to just inflating more and more
The thing is is that the reserve requirement is not an option. They have to have it or the would have already closed down. Now the loaning part is right, banks lend and send money to each other constantly. I wish someone could explain why this is all an issue.
They claim to $100 but only have $10, because they know it is rare that over 10% of people will take out their money at any given time. If you new a bank only have $10, and told people they had $100, would you keep your money in the bank. Now imagine on top of that they were in debt to other banks for $1000. Eventually people take out their money, and other banks refuse to loan them money.
Now remember they only had $10, but said they had $100. Once customers withdraw the only $10 the bank has , the bank can't pay the other $90.
In short imagine that everyone in America, and the world, only can access 10% of their money. Why because banks dont have it. That is the reality we face. Collapse. The only solution is for the fed to print money and loan it to the banks. At a faster and faster rate, wich leads to hyperinflation.
I’m in the industry. It’s so much more highly regulated than you can imagine. Look, the fed is bullshit and there’s a lot of bullshit out there but if you had any idea how much they have cracked down on the industry it would blow your mind. There’s hundreds of investigators just dying to catch this kind of shit, it will get them a raise and maybe public praise.
A lot of this 4chan stuff is just from people who don’t understand it.
Fractional reserve banking in action? I don't think that would raise too many eyebrows, unless laws have substantially changed.
I admit I only know the surface, but for some reason the big banks get bailed out at tax payer expense. Maybe tell your friends to look them. It seems they didn't see 2008 coming, I don't think you know what you are talking about. I'm sure the are looking for things, but not where they should be.
They're looking at the smaller fish pretending to keep the bigger fish in line.
Are these people related to the same ones that Bernie Madoff pulled the wool over for so long? As another poster posited, it seems these regulators spend their energies on the smaller fish while they run protection on the bigger fish. See also: IRS looking at $600 accounts and the FBI relationship with Clinton Inc. and the DNC heavy hitters.
Your share is 26 c. How I figured it out was 10 years ago I had a check for over 70k I demanded cash took 2.5 weeks they had to get the money from three other states. If you divide the cash in the USA (most us currency is stuck in exchanges over seas.) by population your amt is 26c. A run on banks is serious isssue.
And they just coup de tat the FDIC ... interesting
The Federal Reserve requirement is no longer A thing. Banks do not need a reserve of Money. this was gone away with in 2020
Or not.
It means Shit is fucked.
Wall Street has lost everything. The federal government is giving them free money so they don't go bankrupt via the Federal Reserve. The secret loans made 2 years ago are just now being revealed.
Did they give you secret loans at ridiculously low interest rates wheb you were in trouble?
Extremely interesting. Anons have been speculating for a while that the real reason for lockdowns is to do with financial collapse. This has been the only explanation that's ever made sense to me. And the timing here is interesting isn't it? Not conclusive, but certainly evidence, both in the bailout, and the eventual release of info. They've robbed everyone blind, again. And been bailed out, again. But lockdowns and force jab are a step too far, frens. They gotta pay.
the other reason that makes sense is lockdown + mail-in voting fraud
2 birds, 1 stone
Face it frens, we are a failed state, only being held up by tricks and slight of hand. Be prepared.
We failed at the fed creation.
I am confused. These posts are made today, but the events discussed happened two years ago in 2019. So why are they talking about them now?
The Fed just released details of those loans.
Maybe dumb question, where do those details get released?
It's a good daily resource.
https://www.federalreserve.gov/newsevents/pressreleases.htm
ILYSM war hamster, literally every useful non-meme discussion thread, you're there dropping facts and sources
Please never abandon us
Awww shucks, thank you.
I'm not going anywhere. This is my home.
Thanks, I'll do that when the new video is done rendering.
Our round table gets into Devolution and other related topics so the GA.win audience will probably appreciate it.
Are these really just from 2019 or is some of this reshuffled from 2008? I did look through the press release page you posted, then saw this article and wasn’t sure (and you seem to be the Pede expert on this) https://wallstreetonparade.com/2020/04/fed-plans-to-release-names-on-bailout-recipients-just-not-on-9-trillion-in-secret-loans/
I'm not entirely sure what your question is?
The article you linked to is correct; the Fed is ridiculously non-transparent. They always have been, and that's a big part of the problem.
When it comes to secret bailouts, just take a look at the banks, US and Euro, who are allowed to participate at the Fed Window. Every single one of those is a beneficiary of taxpayer and Fed welfare.
In other words, the zombie banks have never really recovered from 2008.
Ok so I did read that right. Just making sure. It appeared that it was a continuous mess and reshuffling of the debt 2008 forward
Thank you fren. I am not used to reading such a murky mess. 🐸
The fun thing about murky messes is that sometimes you can find a gem hiding among all of the muck. I've got a friend who is a forensic accountant and he's REALLY good at wading through federal documents. I quite often defer to him on some of the more complex documents.
4Chan.
The Fed always releases their info to 4Chan first so the Deep State LARPS can stack on ever more soul-crushing fear into our hollow lives.
Or possibly News Max...
It's definitely one of those two.
Thank God for those fucking autists. They never forget anything.
Maybe deodorant
Perhaps someone else knows more concrete details, but if I had to guess, it might be at their FOMC meetings they hold every few months.
This version of the post doesn't explicitly state the reporting requirement - these loans have to be reported eight fiscal quarters (two years) after they are made.
So the Fed has been sitting on the news for two years, and now media outlets are refusing to cover it.
So the Fed is on schedule, and not in the wrong, if I understand right.
The media is just reluctant to report such scary news. And scary it did sound.
I wonder what happened to cause this. Do you know?
It was 2019, in the Trump presidency.
other than the schedule itself being bullshit i guess?
The banks own the Fed. The President, legally, has no control over it, unless there's an empty seat on one of the regional boards.
You cannot have a Caesar who runs the banking system in addition to being the chief executive and commander in chief of all armed forces. Too much in one pair of hands. Do not lament that the president doesn't have direct control over the Fed.
We like to have distributed power. Not too much concentrated power. Federal system, no pun intended. The hope is, that if one leader is an idiot, another one will not be. The hope is that somewhere, somebody in government will have some sense.
This is a good idea. Our government is magnificently structured. The hard part is staffing it with people with stuffing. That, the nation has to produce. From the ground up.
The only power I want the President to have over the Federal Reserve is to have all its members summarily executed for treason... and I'd like to see him use it. Frequently.
This money finds its way to pay journalist. Don’t expect them to say anything….
When does the music stop?
When the last Gulfstream lands in New Zealand
They have to keep printing more money faster to keep things from crashing. Raising interest rates even marginallg would certainly bring us back to reality quickly.
Standing here tonight, I'm afraid that I. don't. hear. a. thing. Just silence.
When trump or us military takes over. But they have no idea that it’s been handled.
Basically they let the big banks and China gamble away retirement money from the Boomer generation.
So when will they admit that the world is broke?
Not to mention all the fake Chinese companies they let on our stock exchange.. WTF. You think China would let Jimbo's Tire Factory in Detroit, MI with a bunch of fake P/L and orders get on their exchange? Fuck no.
The Great Reset. They're running the economy into the ground so they can have their Commie utopia.
As soon as they finish killing off the boomers with all this Novel CoronabiologicalweaponVirus.
No retirees...No mo problems.
but what do they do with the retirees 401k funds?
Confiscated for commie skiing trips.
It's already gone. Embezzled, siphoned, mis-used, frittered, pissed away, snorted. Blown on hookers, trophy wives, beach houses and fractional jet ownership.
Like Gamestop and the shorts, it's all vapor. How do you know that whatever your 401K is based on is actually what they say it is, is where it's supposed to be or is not collateral for some insane financial shenannigans?
I'm not even a doomer, but human nature is such that giant pots of money will be targets of the morally challenged. The bigger the pot, the bigger the moral challenge.
The world isn't broke - The American people are. The banks have looted trillions from us.
It's all debt issuance based fiat currency. Worthless from the start.
This opinion came to mind - https://andreacecchi.substack.com/p/the-right-virus-at-the-right-time
holy shit. the event201 shit and kung flu all makes sense now
END THE FED
THAT'S A LOT OF MOOLAH, SO THAT CRASH IS COMING BAY BAY. BUCKLE UP.
That does it. I'm draining my savings account to cash. I'mma walk right in there and demand the cash (6 figures).
You haven't already?
Who hoards cash during inflation?
Exactly, that's a stupid thing to do. Convert it to hard assets immediately! Spread over Crypto, Gold, and maybe even real estate if you can find a good deal on land that doesn't move in price much.
Not hoarding. It just got put there for a project. I'll convert to cash and just pay out the contractor. I'm sure he won't mind.
That will trigger a lot of paper work. Post sep 11 you can only take out like 10k at a time without triggering red flags. Going to deposit it can be a pain too. Think it through before you deal with the hassle
Thanks for the tip. I was thinking of $9900 withdrawals. This money is for a project and I'll just as soon pay cash than write a check. My contractor will be pleased.
It’s just a hold on funds for a week or two.
Why do you keep 6 figures in a savings account? They offer virtually no interest.
Because it's for a project operating account. It's not an investment.
Jp, Morgan, and citi all happen to also be exposed to China's impending real estate bubble doom. Are US citizens going to bail out China through these wall street firms because they don't want to go bankrupt for their corruption with communists?
I could use some background and context please.
https://www.bitchute.com/video/gR606llPT2K8/
Thanks!
Note that this was, what a coincidence right ;), few months before they released covid.
Were good report here https://wallstreetonparade.com/2022/01/theres-a-news-blackout-on-the-feds-naming-of-the-banks-that-got-its-emergency-repo-loans-some-journalists-appear-to-be-under-gag-orders/
And the source data here https://www.newyorkfed.org/markets/OMO_transaction_data.html#rrp <- just open the latest Q4:2019 XLS .... and yes BlackRock and Vanguard is there as well getting "few" billions.
This should be stickied.
End the FED
Why do people comply with gag orders… just release the shit on national tv and ruin the fuckers…
****https://wallstreetonparade.com/2021/10/quietly-the-fed-releases-the-names-of-banks-that-got-billions-in-emergency-repo-loans-in-2019/
I convert the dollar ASAP when I get it!
So, are we the baddies?
Watch this series if you heven't already: https://www.youtube.com/watch?v=DyV0OfU3-FU&ab_channel=GoldSilver%28w%2FMikeMaloney%29
Thank me later.
Ridiculous evil demons running useless money. ... These fools deserve nothing less. Hope they burn.
How do we know if this is all real. Where's the sauce
https://www.newyorkfed.org/markets/OMO_transaction_data.html#rrp
The news won't cover it because the news is compromised.
Probably to cover illegal shorts
They were named... J.P. Morgan Chase, Goldman-Sachs and Citigroup.
https://twitter.com/RudyHavenstein/status/1448684275981713410
Can someone ELI5?
Is there proof of this?
https://www.newyorkfed.org/markets/OMO_transaction_data.html#rrp
Joocy find, Anon Thank you
That’s it, I’m selling everything first thing tomorrow morning
you are reading it backwards, you need to buy everything (to get rid of the fiat money)
Posts on the chans are not real.
Not real until they are.
People will be really shocked to find out that the US Federal Reserve (aka taxpayer) has not only bailed out US banks but FOREIGN banks and institutions. This included major UK and Swiss banks.
Is it possible that the mass de-valuing of the dollar, is their strategy for giving China less power, because their massive amount of dollars because useless?
"You can't use our currency we gave you to hurt us, because it's now useless bwahaha"
I mean at least it would show we have a since of humor
I mean, we do live in clown world, it would fit right in.
no, sorry, it's much more sinister than that
Man you guys sure don’t understand the fed repo, reverse-repo market AT ALL do you?
No we don’t. Feel free to explain it to us in a couple of paragraphs. Please comment on why the business press remains silent on unprecedented amounts of money changing hands.
Collateralized Debt.
Banks are required to have a certain amount of cash on hand vs their liabilities. In 2008 we ran into an issue where the banks had assets to sell but no one to buy (let alone the debate of wether or not they should have sold for pennies on the dollar and gone under anyways). The us Congress said we can’t have that happen again: enter the fed reserve repo facility. Banks would now have the means to prevent this from happening again and hopefully averting 2008 pt.2.
We continue to trundle along merrily merrily with banks using this minimally to ensure their balance sheets are squared with the cash:liability requirements at the close of each business day. Then comes the start of 2008 pt.2 (the crash hasn’t happened yet) in 2019 people start losing their minds and buying houses like crazy. Banks are lending money (cash) and assuming mortgages (liabilities) at a rate unseen since the start of the repo facility. This causes the banks to exchange liabilities for cash with the federal reserve. The fed needs a way to get these liabilities back into the hands of the bank when that day comes. (2021) Enter the reverse-repo facility where the banks can trade liabilities for cash (this cash comes from all the money printing that has to go into the banking system by law). Fed prints money, gives to banks, banks exchange cash for liabilities and tighten up lending.
There’s a major problem with these facilities but it’s not what you all seem to think it is.
1st problem; the Congress is allowed to set up another tool that insures banks don’t fail, which encourages more poor risk mitigation by banks and consumers.
2nd problem; Congress can then authorize the manipulation of the money supply to keep their schemes afloat.
The banks are doing what they do…the problem is with congresses ability to subsidize bad policy decisions. PERIOD.