I am hearing that @BankofAmerica is going to buy Signature Bank on Monday. Unless and until we can protect uninsured deposits, the cost of capital is going to rise for smaller banks pushing them to merge or be acquired by the SIBs. I don’t think this is good for America. — Bill Ackman (@BillAckman) March … Read more
by Shaun Richards It has been quite a week with what looked like being the main event ( US CPI inflation) being rather shuffled down the pecking order. In fact right at this very moment we have seen yet another signal and it comes from the East. the People’s Bank of China decided to reduce … Read more
by Simon Black https://traffic.libsyn.com/sovman/20230317_podcast.mp3 Throughout history, whenever there has been a major shift in the world, it has usually been accompanied by a single iconic event that is associated with that change. For example, historians often point to 476 AD as the year that the Western Roman Empire fell, when Odoacer and his barbarians forced the … Read more
by confoundedinterest17 Its crisis time again. First, The Fed’s discount window soared to its highest level since … you guessed it … the previous financial crisis of 2008/2009. Second, the 10-year Treasury yield declined -16 basis points this morning as investors flee to safety. Bankrate’s 3-year mortgage rate rose to 7%, but with today’s decline in the 10-year … Read more
CME CEO Terry Duffy Says Employees Too Scared To Return To Office Due To Chicago's Crime Surge https://t.co/47GQ013qXK — zerohedge (@zerohedge) March 17, 2023
by: Ethan Huff (Natural News) One by one, the financial institutions that billions of people rely on to conduct business and live their lives are collapsing. And Miles Franklin CEO Andy Schectman is warning that the endgame of all this financial melee will be hyperinflation. Schectman joined Mike Adams, the Health Ranger, on his Situation Update program this … Read more
A majority of Americans are afraid to express political or religious views in the workplace, according to an Ipsos poll released Tuesday sponsored by the conservative legal group Alliance Defending Freedom (ADF). More than 60% of respondents said that expressing political or religious views at work would result in negative consequences, while approximately 25% admitted … Read more
Silicon Valley Bank’s parent company filed for bankruptcy after worry spread among its long-established customer base of tech startups, prompting regulators to seize the firm’s banking unit. SVB Financial Group listed assets and liabilities of as much as $10 billion each in a Chapter 11 petition filed in New York. https://www.bloomberg.com/news/articles/2023-03-17/svb-financial-group-files-for-chapter-11-bankruptcy-protection?leadSource=uverify%20wall
via redstate: The Michigan-based cereal giant Kellogg’s donated a whopping $91 million to the far-left Black Lives Matter (BLM) movement after slashing employee benefits, according to a report from The Federalist. Citing data published by the Claremont Institute, the outlet found that following the death of George Floyd in 2020, Kellogg’s launched the Racial Equity 2030 Global Challenge with an … Read more
By Graham Summers, MBA The Fed just gave out over $300 BILLION in single week. See for yourself: the Fed’s balance sheet has erupted higher, erasing over HALF of its Quantitative Tightening (QT) efforts. Again, we are talking about $300+ BILLION in a single week. Now, technically much of this ($164 billion to be exact) came … Read more
The Federal Reserve Bank of the United States has announced that it is launching an instant payment transfer service called “FedNow Service,” which has features of a Central Bank Digital Currency (CBDC) and some analysts believe is the first big step towards a “digital dollar.” On Wednesday, within hours of our reporting that the Silicon … Read more
At its peak in 2022 the Fed’s balance sheet hit a high of $8.9T. Over the last year they got this down to around $8.3T. However since the fallout of SVB, in under a week, the Fed’s balance sheet has risen back over $8.6T and is now on pace to make new all time highs … Read more
The whole family is crooked Source link via dailycaller: The Hong Kong company which wired over $3 million bound for Biden family associates in 2017 has close ties to, and shared personnel with, a firm formerly run by multiple members of the Chinese Communist Party (CCP), a Daily Caller News Foundation investigation determined. In March … Read more
Is 2008 Unfolding All Over Again? I believe what is starting to unfold will be 2008 x five unless the Fed and the other big Central Banks print enough money to monetize the fraud in the banking system. But if the Fed takes that kind of action, the dollar will likely collapse. US Leading Economic … Read more
Theres going to be a big protest tonight all over france..Expect a lot of people coming down to street… https://www.facebook.com/345110412254517/posts/pfbid02tHtexS76X7MW2GmZHPVh6MNziLjEWxbQC6tX9e5SWCZ2Xf8msuxbdXGpKYidSHA2l/?mibextid=Nif5oz First the garbos went on strike in Paris, leaving the whole city like a 3rd world shit hole – then Macron vetoed the vote of his pension reform … forcing it to happen despite the … Read more
BREAKING: @GOPoversight releases bank records showing that Biden family associate Rob Walker, used his company to transfer money from a Chinese energy company to Hunter Biden, James Biden, Hallie Biden, and a fourth “unknown Biden.” pic.twitter.com/Bu6bFCs8IR — ALX 🇺🇸 (@alx) March 16, 2023 House Oversight Committee Chairman James Comer revealed Thursday that subpoenaed bank records … Read more
The Federal Reserve Bank of the United States has announced that it is launching an instant payment transfer service called “FedNow Service,” which has features of a Central Bank Digital Currency (CBDC) and some analysts believe is the first big step towards a “digital dollar.” On Wednesday, within hours of our reporting that the Silicon … Read more
If there was ever a sign that Florida Gov. Ron DeSantis could actually be a genuine political rival to former President Donald Trump for the 2024 GOP presidential nomination, this story about chocolate pudding might actually be it. No, seriously. The parallels between DeSantis and Trump have always been a little far-fetched for a litany … Read more
Shares in Credit Suisse are tumbling after a forced merger with another Swiss bank were rejected. This comes as Switzerland’s largest political party signals it is against a state guarantee of the bailout for Credit Suisse after it received injection of liquidity from the Swiss National Bank (SNB) on Thursday with a loan of over … Read more
The J6 Political prisoners, some of who have been held in a DC prison and treated inhumanely for over two years awaiting trial, have an opportunity to halt their practices and demand access to evidence that could finally clear them. The trials have moved along at an extremely slow pace out of political persecution, with … Read more
CHESTER, Pa. — Luis went to prison on a life sentence 16 years ago, at age 17. Food came on a tray and leftovers were removed on the same brown plastic rectangle. So he had never cooked or done dishes before moving to the “Little Scandinavia” unit in the Pennsylvania State Correctional Institution at Chester last … Read more
It wasn’t until America’s crooked fact-checkers said Joe Biden had no intention of banning gas stoves that I was certain Joe Biden would ban gas stoves. And now we know he is — 96 percent of them. “Yes, the Biden administration is coming for your gas stove,” writes Rep. Debbie Lesko (R-AZ) in the Washington Examiner. It’s … Read more
Lindsey Graham calls for US to shoot down Russian fighter jetshttps://t.co/H9P0oxO82W — EndGameWW3 🇺🇸 (@EndGameWW3) March 16, 2023 Ukrainian Intelligence is reporting that an “Unusual number of Russian Naval Ships” have been deployed into the Black Sea over the last 24 hours from Ports in Sevastopol and Novorossiysk; there is currently no indication of why … Read more
by confoundedinterest17 Cry for Argentina! Their central bank boosted its benchmark Leliq rate by 300 basis points to 78%. The monetary authority’s board considered the increase in response to accelerating inflation and after leaving the key rate unchanged for several months. Of course, the US Federal Reserve is going in the opposite direction to combat … Read more