When Yellen says she will bail out SVB, where does the money come from? It's printed from thin air at the expense of the Federal Reserve.
Trump added nearly $8 trillion to the debt.
https://www.propublica.org/article/national-debt-trump
Biden has added more than $3 trillion in debt.
What does all this debt do? Depreciates the currency, increases the price of everything.
How does the Federal Reserve typically reduce inflation? Raise interest rates.
The increased interest rates on our national debt means the people have to pay more taxes to cover the spike.
Do you think the people will tolerate more taxes? We are already paying 30-40% when you add all the taxes together. Biden going to raise the tax rate on everyone?
Trump put our current financial system into hyperdrive to collapse. Why?
Ridding ourselves of the Federal Reserve salvages our financial freedom.
We are at a point where the Federal Reserve is saying "what the hell do we do".
When the Federal Reserve took control of our currency they promised to control spending, maintain a stable economy and hold interest rate to a minimum.
They have currently broken that contract with the people. Their system is now destroyed. Banks are failing, one by one, down she goes.
The globalists think they will roll in a CBDC, the people will never accept it.
The financial collapse will be accompanied with all the evidence from the pandemic, government corruption, FBI corruption, Ghislane Maxwell evidence, Ukraine money laundering, election fraud, etc, etc, etc.
All the people will be saying, fuck this shit!!! Make it stop!!!
In steps the military and I think simultaneously, military's around the world will step up and begin the swamp drain. There is already societies around the planet who have been pushed to the precipice with the Covid vaccine tragedy.
We are closer than ever to a complete collapse of the old system and it is snowballing on magnitudes that can be measured by the day.
Stay safe my frens!!!
WWG1WGA!!!
Yes. This is the answer. All debt gets loaded onto one entity, which is then jettisoned to recover through bankruptcy or to die.
The Fed won't survive. A corporate restructuring. Trump, a successful master of bankruptcies and restructures, has it in the bag.
Note that more debt loaded onto the Federal Reserve that it is paying higher and higher interest on accelerates the depletion of its balance sheet assets to the point it has to start issuing IOUs and debt dollar is truly backed by nothing.
Prior to SVB collapse, Federal Reserve was on track to run out of assets around August 2023. Let's see if this increases their monthly interest payout significantly. TBD in my mind because if FRB is forced to takeover assets of insolvent banks it means they are no longer paying interest to the bank on deposits held at FRB, so still unclear to me the overall impact.
This is the true essence of Operation Warp Speed
I think I will take some of my excess money in my bank and warp speed a bunch of beef to my freezer today !
Highjacking the top comments to add I just learned they made CLOs for biz loans, like the CDOs they built on mortgages. Remember the Jenga puzzle collapse on The Big Short?
Three letter acronyms make my brain hurt… kek
Literally all I remember is Margot Robbie in the bubble bath🐸
We've shrugged off central banks before, and the country didn't die
We'll be fine after the operation - let the healing begin
It's impossible to restore the Republic without first killing the private banking cartel that is the FED.
Amen.