The silent majority has proven over and over again (to everyone’s surprise) that we have the power to crush the deep state agenda with boycotts. Bed Bath & Beyond, Bud Light & Walmart’s corporate crashes are just a few examples.
Sure, the DS has shares in quite a few regional banks that they can crash with corrupt crisis sales. They’re doing this because lots of Patriots use smaller banks and the more we move away from Bank of America, Chase & those puppet corps that are tanking—that they can control—the less they can control us.
If they can tank the smaller banks so that the bigger banks can buy them in a flash sale, they win, right? We would then have no banking privacy and worse.
The DS would love nothing more than for Americans to see what’s happening to regional banks & run our funds to the big banks so they can more easily crush them, crush our economy, the dollar & control us by the purse strings with huge centralized corporate banks that would dictate what we could do with our money depending on whether we were regime rebels or brainwashed group thinkers.
So what if American’s did the opposite of what the fed & DS wanted? What if we did a run on the BIG banks and deposited all our money into SMALL regional banks with high Texas-ranked bank credit scores?
This would strengthen our smaller banks from any crises, crush the DS power grab & their central banks would continue the downward spiral to demise that they’re already on.
Maybe these regional banks can then buy the parts of those broken bank assets and WE win that battle. Our finances stay privatized & they can’t control our lives.
Personally, I’ve moved MANY bank accounts from big banks to regional banks in the past year. It’s been a great switch. What say you, Patriot? WWG1WGA!
Dude the entire monetary system is fucked.
Not counting mortgage backed securities, high credit card debt, bank runs
We got the banks leveraging $100s of Trillions in derivative contracts.
We got the LIBOR to SOFR transition of $600 trillion worth of contracts to a different interest rate benchmark system which changes the values of those contracts. That means derivatives, CDO/CLOs, any loan and debt, etc. The Federal Reserve has capped a hard date of June 30, 2023 that all contracts in play must change to the new SOFR system. Banks have had since 2012 to change and are only 60% of the way there.
This sudden change in 100s of trillions worth of derivatives and other contracts can cause the banks to suddenly become illiquid.
Federal Reserve publicly releases FedNow CBDC platform in July, right after to hard date to the LIBOR to SOFR transition.
Its all going to crash no matter what. Get your money out of the system because you can be damn sure they won't default, they'll just have the Federal Reserve print out money into oblivion. And if they do default your money is worth much less anyway.
SOURCES
United States Office of the Comptroller of the Currency (OCC) - March 31, 2023 Quarterly Report on Bank Trading and Derivatives Activities - Fourth Quarter 2022 -
PAGE 12 & PAGE 22
https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr4-2022.pdf
PAGE 22 - NOTIONAL AMOUNTS OF DERIVATIVE CONTRACTS HELD FOR TRADING:
TOTAL ALL COMMERCIAL BANKS, SAVINGS ASSOCIATIONS, AND TRUST COMPANIES ASSETS ~$21.1 Trillion
TOTAL DERIVATIVES ~$191 Trillion
TOTAL HELD FOR TRADING AND MARK TO MARKET (MTM) ~$181.9 TRILLION
An over leverage of about 40:1
BIS - The notional value of outstanding over-the-counter (OTC) derivatives rose to $632 trillion at end-June 2022, up from $598 trillion at end-2021.
https://www.bis.org/publ/otc_hy2211.htm
https://archive.vn/4BUWP
WHERE TO ACCESS LIBOR TO SOFR PUBLIC REPORTS
REPOST (March-16-2023) Update on LIBOR to SOFR:
Derivatives by trade volume is being measured monthly https://www.isda.org/2022/05/16/benchmark-reform-and-transition-from-libor/#clarus
RFR or Risk-Free Rates in US is SOFR Whitepaper on the methodology https://www.isda.org/a/iKNTE/ISDA-Clarus-RFR-Adoption-Indicator-Whitepaper.pdf
Page 2 in the USD row
Currently there are monthly reports tracking the volume of derivatives trading and about 60% volume of derivatives trading on the market are in the RFR (which is the SOFR change) rather than LIBOR.
March 2023 Monthly Report
https://www.isda.org/a/aeLgE/ISDA-Clarus-RFR-Adoption-Indicator-March-2023.pdf
Interactive Chart
https://rfr.clarusft.com/
Agree. You're not really doing much of anything shuffling your USD away from a major bank into a credit union or regional. It's still part of the same broken system.
Compare the hoops you have to jump through to bank in USD (none) vs. buying gold or crypto or guns or direct registering your shares. You can tell what is actually effective by how hard it is to do it.