Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL Your Money?! Here’s How!” The reference is to “bail-ins:” the provision under the 2010 Dodd-Frank Act allowing Systemically Important Financial Institutions (SIFIs, basically the biggest banks) to bail in or expropriate their…
Two kinds of absolute controls are being prepared to implement The Great Reset, alias UN Agenda 2030. A potentially straitjacket and total control by programmable Central Bank Digital Currency (CBDC), and an all-oppressive health tyranny by WHO, overriding national Constitutional rights and national sovereignty as far as health measures are concerned. The former will be…
Now that we’re post-FOMC and ECB we have a clear playing field for another 6 weeks. The US debt ceiling theater is now center-stage along with completing the transition away from LIBOR, which will become an anachronism at the end of Q2. SOFR will be the law of the land in the US come July….
So, Credit Suisse is no more. Good riddance? I think this is an open question given the very complicated landscape of the global banking system today. By the time I’m done here I think you’ll have an answer that no one, including me, was expecting. There’s a lot to cover, so let’s start at the…
The collapse of the Silicon Valley Bank and the following spectacle in which the media blares out about a massive bank crisis (without any hard figures for us to assess for ourselves) suggests that the parasite class is preparing for its war on money, the next step after COVID-19 of its war on citizens. After…
That pretty printed paper in your wallet, that stuff called money, where does it come from? What gives it value, and why can you buy things with it? The question is not an idle one, nor is it a cynical one, but rather ultimately practical. And yet, this essential question is never asked by the…
