Some sauce showing HSBC failure to deliver notice from DTCC on 2-3-2023 of interest payments due on what looks like an Institutional Money Market fund: https://www.dtcc.com/-/media/Files/pdf/2023/2/3/Issuer-Failure-MMB6.pdf
This sort of notice was last seen in August 2008, approximately one month before Lehman Brothers collapse on September 15, 2008.
Crux of the theory is that the infinite money printing by the Federal Reserve was being used to keep zombie banks alive and keep the stock market manipulation going, but since January 19, 2023 all of this financial manipulation has been massively constrained and the cracks are starting to show.
The Deep State may be trying to make it to March 15, 2023 (business taxes due) OR April 18, 2023 (individual taxes due, likely more important). There are typically large revenue boosts around these two dates (presumably into Deep State coffers).
https://www.irs.gov/newsroom/irs-kicks-off-2023-tax-filing-season-with-returns-due-april-18
Yet another reason to correct your W-2 with form 4852 and change W-4 to "EXEMPT": https://greatawakening.win/p/16aA4T1R4C/success-constitutional-action-ag/c/ ; ADD more liquidity pressure on the system while Debt Ceiling is in place.
"Typical" TAX MONEY FLOWS: IRS->Treasury->Federal Reserve->BigBanks->Stockmarket
W-2 Correction/W-4 Fix - TAX MONEY FLOWS: IRS->'The People'->BigBanks->Credit Union System or Bitcoin or Silver/Gold
$ PRINTING MONEY FLOWS?: Federal Reserve->Treasury->Federal Reserve->BigBanks->Stockmarket
Possible countermeasure to protect yourself is move your money into Credit Union checking account out of FDIC system (possibly out of Federal Reserve system as well). CU system appears to be a separate system with its own FDIC-type of insurance. Savings accounts appear to be top of list in the case of a "bail-in" where bank takes deposits above a certain dollar level (usually above insurance limit, but subject to be lowered in an "EMERGENCY").
Every single source of capital, except gold and silver, are currently based of off debt.
Debt works as long as people have faith that the debt they hold is as good as actual money
As soon as this faith is gone, the whole thing crashes completely. What good is a promise to pay back 10x or even 100000x of what someone is borrowing from you if you know that they cannot pay it back?
Well, the government cannot pay it back. No one can. Outside of just the direct government debt, you have all the household debt (like 16+ trillion) and all the different unfunded liabilities and assorted IOUs like pensions and Medicaid, the total amount of "promise to pay it back" is more than $100 trillion.
Moving your dollar money into a CU or even under your mattress isn't going to change any of that. When the system collapses, 99/100 of the value of your money is gone, poof, even if you kept it in fat stacks in a safe.
The only thing that will hold value is gold and silver, if you've got someplace to store it physically. But what you really need for when the faith-based credit system looses faith is food and basic supplies for a few months.
I agree totally. The challenge I am having is trying to find the relatively safest spot for cash as I try to get it OUT of the fiat debt system. Moving it into vacant land, Bitcoin (hardware wallet off internet), and gold and silver.
Also keeping some $100 bluestripe bills as historically there is a short period of huge demand for cash as people try to pay off debts right before the hyperinflation trigger and currency collapse. As you very astutely have observed here, it is a confidence game more than anything else and the erosion appears to have begun already.
Also note that Federal Reserve appears to be on schedule to run out of assets in the July/August time frame, and then will have to issue IOUs and dollar will be truly backed by nothing. So we are getting close to some big event for sure. Unclear exactly how it will go down.
Yeap, have a small amount in the bank I'm thinking of just spending. Worry about that too but feel it's the safer option right now. Stock up on feed etc
I'm with you. I've been buying tools and related supplies, as well as storing some fuel. You can store fuel successfully for 2 years with stabilizer. I started storing some in 2021 and have had success using some of the stored fuel without a problem. Generally I mix it with fresh fuel in 2:1 ratio (new:used) just to make sure no problems.
I have had the same results with storing w stabilizer.
Thanks
You are a fount of info, fren. Are you talking about regular gasoline? How much can you store safely? I'll look into stabilizers. This is great info. Thanks.
Problem is, this collapse could happen tomorrow or 2 years from now. Probably later than we think, because people hold on to hope and faith longer than they should
So stocking up is kind of hard
You have also cleverly pinpointed what is going on behind the scenes. Because our "money" = debt, when the Debt Ceiling is in place and debt is capped, the amount of "money" available is also capped, creating a liquidity crisis. Since the liquidity is the "money" which is the Federal Reserve debt notes being "printed" or electronically fabricated out of thin air.
TDLR: The Debt Limit may be more important than we have truly realized.