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Why the Dollar-Based International System Is Breaking Up
Post Date: 2023-03-30 07:47:45 by Ada
The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets. This frightens depositors and they withdraw their deposits. Depositors also are withdrawing their money because they can get much higher interest rates on safe US Treasuries. According to some reports, $1 trillion has already been withdrawn from US banks. Bloomberg is reporting rumors that Schwab’s $7 Trillion empire based on low rates is cracking from bond losses. In the face of this vulnerability of the financial system, the Federal Reserve raised interest rates further. There is also the problem of the currency and interest rate ...

White House worried over Janet Yellen’s fumbling of US bank crisis: sources
Post Date: 2023-03-26 09:41:47 by Ada
Janet Yellen is once again on thin ice inside the Biden Administration over her bungling of the banking crisis that keeps roiling markets, The Post has learned. The question is when will Sleepy Joe & Co. finally act? They need to put Yellen out of her misery and end ours by handing her job to someone who knows how to deal with the very real possibility of banks failing on a scale not seen since the 2008 financial crisis and a possible deep recession. As we have reported, the political types in the White House — the people that craft messaging and give input on cabinet choices — have been increasingly wary of Yellen’s ability to do the job despite her expansive resume ...

Incompetent Federal Reserve Goofs Again
Post Date: 2023-03-24 08:38:28 by Ada
The Federal Reserve decided it had not wiped out enough banks and again raised interest rates, thereby pushing more banks toward insolvency. The goofs think, or pretend to think, that too many Americans are working, making and spending too much money, and causing inflation despite the obvious fact that the rise in prices is due to the lockdowns and sanctions which busted up supply chains and reduced supply. The quickest and surest way to reduce prices is to remove the sanctions and repair the Nord Stream pipelines. Putting people out of work by pushing the economy toward recession reduces supply and will add to price pressures. As Michael Hudson and I have made clear, higher interest ...

Post Date: 2023-03-20 10:08:09 by Ada
“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 ...

The Federal Reserve Is the Root Cause of the Banking Crisis
Post Date: 2023-03-17 11:05:13 by Ada
The Justice Department has announced it is investigating the banking crisis. It will undoubtedly charge that banking officials are responsible for the crisis. One thing is for sure: It will not indict the Federal Reserve System, which is the root cause of the crisis. In fact, in its search for scapegoats, it will not even acknowledge the Fed’s role in the crisis. That’s because the Fed plays a sacrosanct role in America’s welfare-warfare state, and every federal official knows that. Of course, this is not a new phenomenon. Back in the 1930s, the last thing government officials were going to do is admit that the Federal Reserve was the root cause of the 1929 stock-market ...

Money Troubles
Post Date: 2023-03-15 09:59:51 by Ada
“As for the evil: It lurks in the interstices of our bureaucratic institutions, which, as they have grown in size and complexity since the nineteenth century, behave in ways that are increasingly impossible to understand and contrary to human flourishing.” — Eugyppius on Substack Money is all theoretical… until it’s not. Paper money is bad enough, as France learned under the tutelage of the rascal John Law in the early 1700s. The nation was broke, exhausted by foolish wars, and heaped under unbearable debt. Monsieur Law, a Scottish genius-wizard (the Jerry Lewis of political economy), landed in Paris, cast a spell on the regent Duc d’Orléans, set up a ...

The Cover-Up Begins
Post Date: 2023-03-15 09:18:17 by Ada
The disinformation service, Bloomberg, takes the lead. Bloomberg points its finger at Donald Trump and “Trump era deregulation.” In Bloomberg’s rewriting of history, Trump is responsible because he signed a bill passed by Democrats and Republicans that allowed mid-sized banks to “skirt some of the strictest post-financial crisis regulations.” So, where was the federal reserve? Where were the bank regulators? Bloomberg doesn’t say. Presidents don’t write financial legislation. Financial legislation that the Federal Reserve and the SEC don’t approve doesn’t get passed. A third world immigrant-invader, Ro Khanna, who somehow represents in Congress ...

Banking Troubles on the Horizon?
Post Date: 2023-03-14 09:25:44 by Ada
The failure of Silicon Valley Bank (16th largest bank in US) last Friday resulted from depositors withdrawing their funds in response to a drop in value of the bank’s bond portfolios caused by the Federal Reserve’s ill-considered hikes in interest rates. The mindless policy implemented by the Federal Reserve cures inflation by producing bank runs, failed banks, and unemployment. The Federal Reserve and neoliberal economists are still stuck in the worn out thinking of 20th century Keynesianism. Yesterday federal regulators seized New York’s Signature Bank which was overwhelmed by deposit withdrawals. The banks’ failures, with troubles reported afflicting Republic Bank ...

SVB had NO head of 'risk assessment' for nine months before it collapsed... as woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a 'Lesbian Visibility Day' The collapsed Silicon Valley Bank had no risk assessment head for nine months
Post Date: 2023-03-12 11:30:17 by Ada
The bank's previous head left in April 2022, her replacement wasn't named until January While the bank's European risk officer is accused of being more focused on diversity efforts Collapsed lender Silicon Valley Bank operated without a chief risk officer between April 2022 and January 2023 while the operation's United Kingdom-based CRO stands accused of prioritizing pro-diversity initiatives over her actual role. Click for Full Text!

To Cover Rising Costs, Hunter Now Charging 15% For The Big Guy
Post Date: 2023-02-10 09:11:43 by Ada
U.S. — As inflation and consumer prices continue to soar, world-renown master painter and influence salesman Hunter Biden has announced that all corrupt dealings with foreign oligarchs will now include a 15% surcharge for the "Big Guy." "Listen, 10% just isn't enough anymore. Not a joke," said Hunter in an email to Russian arms dealer Viktor Bout in a text message on a phone left in the toilet of a local brothel. "Hookers are up, crack is up, and my Dad's dementia medication ain't cheap! Starting today, my prices are going up 33% and I'm charging 15% for the Big Guy." "I just can't with these prices," said CCP Defense ...

Yes, the US Government Has Defaulted Before
Post Date: 2023-02-08 09:18:32 by Ada
It may very well be that a default could lead to significant economic and financial disruptions. But let's stop pretending that a default is unprecedented or that the United States always pays its bills. The regime is trying to whip up maximum hysteria or the chances that the US government could default on its debts if the debt ceiling is not raised. Anyone whose been paying attention for a while, however, knows there’s a 99.99 percent chance that the parties involved will soon raise the debt ceiling and the US will go back to adding to its $30-trillion-plus debt hoard as usual. Yet the political posturing over the debt ceiling always offers the media and Democratic politicians ...

Post Date: 2023-02-06 09:48:43 by Ada
“The White House has taken the entire West in such a direction and speed of triumphalism, arrogance and “egregious” imbecility that there is no going back or reversal possible without a total defeat of the official narrative and the consequent eternal shame.” — Hugo Dionisio The New York Times — indicted this week as a chronic purveyer of untruths by no less than their supposed ally, The Columbia Journalism Review — is lying to you again this morning. This whopper is an artful diversion from the reality on-the-ground that Ukraine is just about finished in this tragic and idiotic conflict staged by the geniuses behind their play-thing President ...

Wind power makers suffer huge losses, want to abandon major project
Post Date: 2023-02-05 08:58:04 by Ada
The greenies’ dream of “clean” (except for millions of dead birds) energy from wind farms is dying in the face of the poor economics (even with tax subsidies) and unreliable technology. The big players in constructing wind turbines are facing massive losses and write-downs and cancelling big offshore wind projects. Brace yourself for demands for even more subsides to the failing industry. The green energy subsidiary of German electrical equipment giant Siemens just reported Thursday that it lost nearly a billion dollars in the last quarter. Via Fox News (Hat tip: Beege Welborn, Hot Air): Global green energy company Siemens Gamesa reported Thursday that it had lost a ...

Steven Crowder Finally Admits It - His $50 Million Dollar Scheme Is Up! - Mark Dice Was Right!
Post Date: 2023-01-28 09:13:44 by Esso
Poster Comment:There's crazy amounts of money involved in this internet nonsense.

Big Three Making Cars People Don’t Want
Post Date: 2023-01-10 11:11:19 by Ada
I grew up in a household with parents who were of the Greatest Generation. They lived and shouldered through the Great Depression, and then their lives and families were thrown into turmoil on Dec. 7, 1941. My grandfather worked for the War Department in Washington, D.C., and during World War II, my father served in the Pacific Theater. Both my mother and father made a solemn vow that as long as they lived, they would never buy a German or a Japanese car. No matter how well they were made. They were the enemies. They were the ones who killed nearly half a million Americans. Period. And that value system was transported to me. In honor of my parents’ values, I couldn’t in good ...

Federal Reserve, top bank regulators flag 'significant' worries over crypto assets
Post Date: 2023-01-03 20:38:49 by Dakmar
The Federal Reserve, FDIC, and the Office of the Comptroller of the Currency (OCC) issued a joint statement on Tuesday warning about "significant" risks crypto assets may pose to the broader banking system. “It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system,” the agencies said in a joint statement. [Stay ahead of the market] “Given the significant risks highlighted by recent failures of several large crypto-asset companies, the agencies continue to take a careful and cautious approach related to current or proposed crypto-asset-related activities and exposures at each banking ...

One Big FTX
Post Date: 2022-12-26 12:00:09 by Ada
Regimeology is not just the art of interpreting the official pronouncements from the managerial elite, but it is also for interpreting their actions. Nothing they say can ever be accepted at face value, so nothing they do is on the level either. It is all signaling back and forth to communicate between nodes of the collective. If the regime happens to do something useful for the people, it is a happy accident. Most of what they do is about the internal dynamics of the regime. The Sam Bankman-Fried story is a good example. At this point everyone understands that this is not a corporate financial scandal. There is little chance that the sophisticated people involved with this guy and his ...

The Inflation Hoax
Post Date: 2022-12-16 06:47:36 by Ada
Yes, prices are rising, but not for the reasons the Federal Reserve says. When I say inflation is a hoax, I mean the purported cause is a hoax. The Fed is fighting a consumer inflation, a “demand-pull” inflation. But what we are experiencing is a supply-side inflation caused by the Covid lockdowns and economic sanctions that closed businesses, disrupted supply chains, and broke business relationships while reducing energy supplies to the UK and European countries, thus forcing up costs in a globalized economy. One of the many neglected problems of globalism is that inflations and recessions are no long simply a national problem. Interconnectedness sends adversity globally, ...

India: Economy Growing at “Fantastic” Rate While West Self-Destructs with Sanctions
Post Date: 2022-12-02 09:03:49 by Ada
The US was trying to bully India into “standing with the Ukraine.” They refused to do so, and it’s been very good for their economy. The US demands that everyone in the world suffer so they can promote gay child anal in the Donbass – but is that their true agenda? RT: India’s gross domestic product (GDP) for the July-September quarter of the current financial year was up 6.3% year-on-year, according to provisional estimates released by its National Statistical Office (NSO) on Wednesday. The Reserve Bank of India (RBI) in its report earlier this month projected a growth rate of between 6.1% and 6.3% for the same period. … “Overall, if you can come ...

The economic outlook is just another manipulation
Post Date: 2022-12-01 06:55:05 by Ada
Dear readers, we have been told so many lies for so long that our rulers are desperate to suppress the First Amendment. Just consider the trouble that Elon Musk is in for returning free speech to Twitter. Consider the hell on earth Julian Assange has suffered from the “democratic” US government for more than a decade. Consider the ongoing persecution of doctors and medical scientists who warned of the dangers of the “vaccine” and who saved lives with HCQ and Ivermectin. Consider the immunity of the medical officials, politicians, and media who lied consistently about Covid and the “vaccine” while branding the truth “misinformation.” Consider the ...

The Digital Revolution Has Destroyed the Usefulness of Telephones
Post Date: 2022-11-19 08:12:26 by Ada
Today telephones are just invasive devices I remember when telephones were useful as telephones. Today they are used to surf the Internet and for text messages. Most people don’t answer the ring unless they recognize the number. Many never set up their email or message functions on their cell phones. I keep my cell phone off and only turn it on when I have to use it in order to report Internet or power outage or to receive a security code so I can sign on and connect with an Internet financial or payment site. I have ceased answering the house phone unless I am expecting a call. 95% of calls are intrusive scams or robo calls. The digital revolution has made it possible for your ...

Isn't it nice that the 'adults' in the White House and among Democrats are running things, instead of President Trump?
Post Date: 2022-11-18 08:19:45 by Ada
We are constantly told that the American consumer's balance sheet is in great shape. See here and here for that. The mainstream media and Joe Biden's minions claim this because jobs are coming back, the massive slush funds from the government are flowing, and student loan borrowers haven't had to make payments for years.  Isn't it odd then, that consumers are raising credit card and mortgage borrowing rapidly?  Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says Ads by topple Learn More Could it be that Americans are having to borrow because of high inflation and because real wages have been ...

ELECTION DAY OMEN! The Very Wealthy and Powerful Rothschild Scion Dies on November 8th
Post Date: 2022-11-08 14:13:01 by AllTheKings'HorsesWontDoIt
Sir Evelyn de Rothschild dies aged 91: Financier and philanthropist who helped unite British and French arms of famous banking dynasty and was one of the Queen’s financial advisers passes away ‘peacefully at home’ Sir Evelyn de Rothschild died ‘peacefully at home’ his family has confirmed He was the CEO of the NM Rothschild and Sons Ltd bank between 1972-2003 Under his watch, the family bank’s assets ballooned from £40m to £4.6bn He was knighted by the late Queen in 1989 for services to banking and finance By TOM COTTERILL FOR MAILONLINE British financier Sir Evelyn de Rothschild has died at the age of 91, his family has said in a statement. ...

"Lotto Madness" Sweeps Across America As Powerball Jackpot Hits Record $1.9 Billion
Post Date: 2022-11-07 17:48:30 by Esso
Let's first get out of the way the fact that the lottery is a tax on poor people. Those who can do simple math understand the odds are against them, though it's widely played by low-income Americans hoping to break free from debt and poverty. The lottery preys upon hopes and dreams. With a one in 292 million odds of winning tonight's $1.9 billion Powerball jackpot (yet another record), imagine all the people tapping their resources to play the silly game that most everyone will lose. Advancing Time blog's Bruce Wilds said Americans are being inflicted with "lotto madness" as the Powerball jackpot continues to soar. He said, "for many people a Powerball ...

It’s Happening: Elon Sieges Twitter Carrying a Sink! Ye WINS!
Post Date: 2022-10-28 08:45:53 by Ada
Previously: It’s Over. Ye Wins. Total Aryan Victory. When I first saw the video of Elon Musk barging into the Twitter HQ with a sink, I thought he was going to start bashing people over the head with it. Regrettably, he did not do that, as it possibly would have been illegal (bashing people with a sink is illegal in many districts). It’s unclear why he brought a sink (it appears to be a normal sink, as opposed to some kind of special sink that he needs for his work processes), but it made for iconic imagery. Late Thursday night, Elon finished the deal and became the official owner of Twitter. He then fired all of the top executives immediately, including that Paki Arwarg and ...

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