Ok. 187/186 is very specific. Is there a list?
My apologies if I missed it.
Unless I see a list, I'm calling b.s. on this narrative.
They are herding us into this action. It is COVID all over again. Fear.
They need us to do a run on the smaller banks to consolidate into the larger mega banks.
Yes. Cicero was one that was hunted down by Marc Antony as part of avenging Ceasar's assassination, so bad blood makes sense. (Was even in the HBOs Rome series 😄)
Good to know this perspective. Will keep this in mind going forward and the possible western civ course I may teach for homeschool. Ty.
This will be used to incite another Gulf-of-Tonkinesque incident.
The playbook. A little incident that may or may not have happened is hyped up and exaggerated.
Secretary of Defense lies to Congress about the seriousness of the issue.
Congress believes the Secretary of Defense and opens up the checkbook and we officially go to war.
Wash. Rinse. Repeat.
My understanding is that it is mostly dependant upon our status as the world's reserve currency or petro dollar.
Once we no longer hold either status, the printers can no longer print indefinitely.
Petro dollar - No country would need to hold dollars to buy oil from the Saudis or most oil producing countries.
Reserve currency - trading between countries usually happen in $$ due to it's stability.
If we lost that status, we would lose the exorbitant privilege that goes will it and move beyond hyperinflation and into Weimar republic territory.
Too many dollars chasing too few goods.
This brings American hegemony, BRICS, and geopolitics into focus and on a collision course.
Edited for clarification.
Thanks.
Keep in mind, FDIC is supposed to protect your deposits up $250K.
The FDIC was put in place to quell this kind of panic AND it was in place for SVB.
The problem is that SVB depositors had millons. SVB depositors knew that they were over the 250K protections. They cried to gov't to save them.
Government DID.
The government is changing rules on the fly. Remember how government acted in the past - COVID, 2008, gold grab, arming IRS agents, Nord stream, etc. Proceed with caution, fren.
Yes. Expect that as part of the bank being liquidated it would be obfuscated.
Let's say you bank (savings and mortgage) at Happy Bank and it goes down.
Happy Bank gets liquidated. All assets are sold off.
You get a letter from Sad Bank stating that they now own your mortgage (which they bought from Happy Bank liquidation).
Sad Bank now holds and services the loan as Happy Bank no longer exists.
There is nothing left to bear the brunt of the anger.
This is assuming that FDIC protections fail. SVB depositors only had 250K protected by FDIC, but now the gov't will protect the depositors at 100%. Depositors who had millions deposited. It's off the rails.
Here is a thread from a few weeks ago. Keep in mind ALL U.S. banks are on this list. Don't freak over the post title.
My local bank has zero derivatives so I am feeling much more comfortable about it. Especially since my hubby pointed out that the bank survived the depression.
https://greatawakening.win/p/16aT37RoOY/if-your-bank-is-on-this-list-you/
Saw that this morning. My understanding is that there wasn't even enough FDIC money to pay out SVB depositors at 100%. Which means they are printing because there are two other banks where the depositors need to be bailed out at 100%.
EDIT: Keep in mind these depositors got reimbursed at well over the 250K limit. Oprah supposedly had over 1/2 billion in SVB.
You took out the loan. You need to make the payment.
It is no different than if you had all your money in your sock drawer and somebody broke in and stole it.
The entity holding the loan doesn't care. They just want your payment.
This is why I stated that debt will be a killer.
I'm sorry. I don't mean to come across as flippant about this.
I think that the way our economy has been running as a debt economy we are poised for a massive awaking.
Excellent thoughts!
Keep in mind, the strategy I shared was the strategy I have been working on for the past YEAR.
My goal was to be completely out of debt BEFORE I started stacking silver. In fact, stacking silver was one of the last moves I made.
The way I have been considering fiat for the last year is that I am better off converting it into something tangible - home, vehicle, generator, freezer, berkey, canning equipment, etc.
Repo. I could see this used as a threat. A stick to move us into CBDC. Similar to take the jab or lose your job.
I could also see it as fully enacted as a repo. Land and asset grab. A total wealth transfer.
It's a financial tool that I see them using as a weapon.
We are not dealing with rational people here. The FED bailing out SVB under the guise of FDIC indicates to me that they are trying to quell the panic a bit.
EDIT: Also, what if it's only a partial collaspe. Let's say JPMorgan is the sole survivor. Repos could definitely happen.
If you dont make your mortgage payment or car payment, your loans go into default.
This would also happen under "normal" times.
If you default on your loan(s), you lose the asset(s).
Edit. Even if the bank you have your loan with crashes, the loan is sold as an asset to another bank. The loan has value. YOU however, still need to make the payments.
Yes. Trying to divest risk as much as possible while keeping panic at bay.
The FED is propping this up as much as possible. We are in free fall. We have not landed, yet. We are in the middle right now, today. Fear is the mind killer.
Looks like the FED is will be printing like crazy, we will bail out FDIC via inflation.
This means that even if your money is in a credit union, it's not "safe". The dollars are still there, but they are worth substantially less due to the impending inflation.
Ty for your warning. ☺
Take a look at the derivatives they are holding. Those are basically bets made with YOUR money.
WF - 12 trillion
My local bank - zero!
They are trying to get us to panic at our local bank and jump (and do a bail in) for the larger banks!
Local banks close and fat cat 4 consolidate.
All part of the plan.
No one is coming. It is time the girl and mom realize that. Stop looking to be saved.
If their finances are such that they feel they need to continue to live amongst animals, they need to learn the concept of "Rely on yourself".
Taking a self defense class is a great place to start. Boxing/Kickboxing lessons after that.