While Regional Banks are collapsing, keep your eyes on Wells Fargo and Bank of America...both look to be teetering on the edge, ready to dump as well.
(media.greatawakening.win)
💥 BANK COLLAPSE 💥
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Western Alliance Bank issues statement disputing recent Financial Times article
Financial Times is owned by a Japanese company whose new CEO is all about globalization and digitization. The Bank of Japan is close with the ECB, who I believe is at war with the Fed.
Media outlets spreading FUD about banks, causing stocks to falter, trading halts, and so on just after Powell tries to stem the FUD? Who does this serve? The ECB.
Next month is the deadline for all debt to be switched over to the SOFR system, which was put in place by a guy that Trump appointed, and taking us out of LIBOR which allowed Europe to control our monetary policy.
As an aside, the Fed is bad, but it didn't start as a central bank. They were originally a regional bank, which is why you have the New York Fed and so on. But who elevated Powell to chairman of the Fed? Trump. And did you know that Biden et al took a whole year to reconfirm Powell as chairman, all while trying force him out? If the Biden admin works for Europe (and China is just the cover) then of course they would hate to have Powell where he is. Because we know that anyone else they put in would just drop interest rates back to 0, which strengthens the ECB. As it stands, Europe is hurting over our raised interest rates.
Powell may not be "our guy" (who really knows) but I would hold off on jumping aboard the superstonk/Wallstreetbets circle jerk about him, given how easily reddit is influenced by special interests besides China.
That is nonsense.
The Federal Reserve Act created a central bank.
They have the various regional banks to make it look like a legit system, but the Fed itself was never a regional bank.
We agree on that, for sure!
If anything, do the opposite of what those scammers say.
Great comment. Here’s two articles you may be interested in…
Part 1: https://badlands.substack.com/p/is-jerome-powell-a-patriot?utm_source=substack&utm_medium=email
Part 2: https://badlands.substack.com/p/the-fed-balance-sheet?utm_source=substack&utm_medium=email