Moody’s weighs downgrade for six US banks following SVB collapse. Banks in trouble scorecard.
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An engineered event in an evil system.
Something big is playing out here. Keep an eye on what happens. You are likely seeing the end of the Federal Reserve. Unclear as of now how it is going to play out. Get your money into a Credit Union, stay below 250K limit. Open multiple accounts at different Credit Unions if needed, and maybe buy some U.S. Silver Eagles. Then try to enjoy the show.
Fren, this is a great post with excellent analysis! Thank you!
So, what do you think about a quantum system coming in to play here, as the Fed dies away. Remember, Trump said that we would soon experience a quantum leap in the American standard of living. These documents outline the quantum plan. I really am excited about the deadline of Dec 31, 2023, in the NSM.
Trump EO 13885
https://www.govinfo.gov/app/details/DCPD-201900584
Biden EO 14073
https://www.whitehouse.gov/briefing-room/presidential-actions/2022/05/04/executive-order-on-enhancing-the-national-quantum-initiative-advisory-committee/
National Security Memorandum accompanies 14073
https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/04/national-security-memorandum-on-promoting-united-states-leadership-in-quantum-computing-while-mitigating-risks-to-vulnerable-cryptographic-systems/
My thinking on this is that they are setting up a "quick response" or "quick pivot" non FedRes system that will be largely decentralized to minimize the time of chaos that will occur when the FedRes goes away. If they manage it ideally, the switch will be seamless with very little chaos. Unclear how the quantum initiative fits in exactly, but it is clearly important, very much like Space Force.
Remember that the cabal WANTS as much chaos as possible for at least 2 years, similar to 1929-1931 in order to force everyone to go along with the "solution" of Central Bank Digital Currency they already have prepared.
The perfect counter to CBDC is Bitcoin if it can be converted to gold and/or silver to make it a REAL Constitutional currency. Decentralized blockchain technology used by holders of hardware wallets held OFF the internet and OFF computers is virtually unhackable and very secure.
This is why the cabal wants to try to herd everyone onto Crypto exchanges where they can continue their counterfeiting and fractional money creation and unlimited leverage.
Normies have a massive learning curve on decentralized crypto and many are just not cognitively capable of understanding how to use it right now. The Quantum initiative could very well be a "backroom decentralized crypto system" that will be used temporarily until individuals can be educated into how to use hardware wallets.
Right, and did you notice that there is a completion date in the NSM? 12/31/23. I'm pretty excited about that.
Why would being in a credit union be any better in a currency melt down? I got screwed pretty bad by a credit union once before and I closed all my accounts. Should I be with a different one to be better protected? I'm pretty dumb when it comes to all this stuff.
Credit Unions have a separate insurance system (NCUA) that appears to be better capitalized than FDIC, but with same $250K limit. https://ncua.gov/
Also, as a credit union "member" you actually have an equity stake in the credit union in case of liquidation. So you would never lose 100% of your capital or get bail-in loss of account funds. With big banks under FDIC rules they can confiscate all of your funds above whatever limit they set per Dodd-Frank legislation.
In general, Credit Unions are more conservatively run and less leveraged. Leverage is what blows up banks. What is happening is loss of value of longterm government bonds purchased by Regional Banks with leverage. Big Banks also having issues, but they have direct spigot connected to Federal Reserve funds.
They may be trying to implode Regionals intentionally to allow Big Bank consolidation in order to implement Central Bank Digital Currency and get maximum compliance.