Agree with everything you said. Yes, Ron Paul was a lone voice crying in the wilderness for years. Too bad more people were not listening.
All banks are teetering and can be brought down at any moment - especially when depositors withdraw to the point that it overwhelms the banks ability to cover the loss of those deposits. That is what happened to both SVB and Signature. All they needed was a couple of depositors with sizable accounts to demand their money, and they were off to the races. They don't need masses of small depositors to run on the bank - just a few will do it. The contagion of fear will then set in with average Americans running on their own banks.
The FDIC seizes the bank and then gives the money to the institution that is taking over the bank to cover the withdrawals which in turn gets deposited into the bigger banks - a huge win. It is as you stated, one big Ponzi scheme. Once the real assets are stripped away by the new owner at basement rates, the taxpayer will get stuck with the toxic assets that led to the insolvency teetering.
You are right. More people are waking up to the tricks. The bankers are going to have a very difficult time pulling off a FF like Pearl or 9/11 in order to get us into war to cover their scams. Most of the time, these cabal elitists have gotten away with their f*ckery. But, there have been a few times in history where the people showed up with torches and pitchforks to settle accounts. Let's just hope that this will be one of those times and these bastards will be taken offline to leave the rest of us alone and free to live our lives.
Agree with everything you said. Yes, Ron Paul was a lone voice crying in the wilderness for years. Too bad more people were not listening.
All banks are teetering and can be brought down at any moment - especially when depositors withdraw to the point that it overwhelms the banks ability to cover the loss of those deposits. That is what happened to both SVB and Signature. All they needed was a couple of depositors with sizable accounts to demand their money, and they were off to the races. They don't need masses of small depositors to run on the bank - just a few will do it. The contagion of fear will then set in with average Americans running on their own banks.
The FDIC seizes the bank and then gives the money to the institution that is taking over the bank to cover the withdrawals which in turn gets deposited into the bigger banks - a huge win. It is as you stated, one big Ponzi scheme. Once the real assets are stripped away by the new owner at basement rates, the taxpayer will get stuck with the toxic assets that led to the insolvency teetering.
You are right. More people are waking up to the tricks. They are going to have a very difficult time pulling off a FF like Pearl or 9/11 in order to get us into war to cover their scams. Most of the time, these cabal elitists have gotten away with their f*ckery. But, there have been a few times in history where the people showed up with torches and pitchforks to settle accounts. Let's just hope that this will be one of those times and these bastards will be taken offline to leave the rest of us alone and free to live our lives.