Month: March 2023

One Bank Folds, Another Wobbles and Wall Street Asks If It’s a Crisis – ‘Silicon Valley Bank Is Just The Tip of the Iceberg’… UPDATE: Silicon Valley Bank Has Failed, FDIC Takes Over!

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Update: BREAKING: Silicon Valley Bank is shut down by regulators, FDIC to protect insured deposits https://t.co/fW1tTq3EKD — CNBC Now (@CNBCnow) March 10, 2023 via Bloomberg: Silvergate Capital Corp.’s abrupt shutdown and SVB Financial Group’s hasty fundraising have sent US bank stocks diving and tongues wagging across the industry: Could this be the start of a much … Read more

VIDEO: East Palestine Residents Tell the World What is Really Happening Following the Ohio Rail Disaster

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NEW: We went down to East Palestine for a week to get residents’ side of the story after the Ohio rail disaster. People told us they’re getting sick and their pets are dying, while Norfolk Southern is trying to cover it up.@heyjohnrussell reports. pic.twitter.com/LY7koUIpeL — More Perfect Union (@MorePerfectUS) March 9, 2023 Download: https://video.twimg.com/amplify_video/1633880217327370261/vid/1920×1080/MKZsB2KpqgOkvG9y.mp4?tag=16 View … Read more

Jobless Claims Rise As Layoffs Soar At Fastest Pace (UP 410% MoM) Since Lehman Collapse (UP 427% On YoY Basis)

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by confoundedinterest17 I am waiting for tomorrow’s employment report to see if the Biden Administration plays it straight or give another padded report like first half 2022. But in the meantime, according to Challenger Gray & Christmas, U.S.-based employers announced 77,770 job cuts in February. It is 410% higher than the 15,245 cuts announced in the same … Read more

Biden to propose doubling Capital Gains Tax to 40%

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via aljazeera: United States President Joe Biden will call on Congress to impose a 25 percent minimum tax on billionaires as part of a series of proposed tax hikes on wealthy individuals and corporations, according to a US media report. Biden’s proposed spending plan would also nearly double the capital gains tax for investment from 20 … Read more

House Speaker Kevin McCarthy vows to release all January 6th Capitol surveillance footage to the public

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🚨 BREAKING: House Speaker Kevin McCarthy vows to release all January 6th Capitol surveillance footage to the public pic.twitter.com/0JBesN9isI — Benny Johnson (@bennyjohnson) March 9, 2023 🚨BREAKING: Never before seen video of January 6 shows Jacob Chansley, the QAnon Shaman, being led through the Capitol by police the entire time that he was in the … Read more

Another recession indicator…

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by Infamous_Sympathy_91 WARNING: the Money Supply is officially contracting. 📉 This has only happened 4 previous times in last 150 years. Each time a Depression with double-digit unemployment rates followed. 😬 pic.twitter.com/j3FE532oac — Nick Gerli (@nickgerli1) March 8, 2023  

This Is It. This Is the Line

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by Chris Black Here, you literally have degenerate mutants throwing down the gauntlet, demanding they have the right to rape and mutilate your children in the name of their death cult. And what is their greatest fear? They tell you with every breath. Their greatest fear is that you come together with and for your … Read more

FICC – MBS Alert! FICC has been notified of Credit Suisse Securities (USA) LLC’s intent to close its FBMA, FBEG, FBEI, FBEP, & FBFC Clearing and EPN accounts effective March 24, 2023.

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by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/3/9/MBS1200-23.pdf ELECTRONIC POOL NOTIFICATION (EPN) Agency mortgage-backed securities trades that are submitted to Fixed Income Clearing Corporation (FICC) for processing are traded on a “to-be-announced” or TBA basis. While some of these are “specified pool trades” (transactions based on a particular set of underlying mortgages) most are not. For most trades, a critical … Read more

Global Banking Collapse Has Begun

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by Chris Black For you zoomers too young to remember 2008, this is how it starts: When the SEC calls around, it’s usually too late already. This is basically a slow motion mathematical train wreck. There’s always the possibility of printing more fiat, and inflation will go berserk, but that’s how it works. The alternative … Read more

So Far In 2023, Announced Job Cuts Are Running 427 Percent Higher Than They Were At This Time In 2022

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by Michael Major employers all over America are announcing mass layoffs, but the mainstream media continues to insist that everything is just fine.  Every month the Biden administration gives us numbers that suggest that the economy is stable, and most mainstream reporters willingly go along with that narrative.  But anyone with half a brain should be … Read more

Is JP Morgan good? Request an order to permit certain registered closed-end management investment companies to issue multiple classes of shares and to impose early withdrawal charges and asset-based distribution and/or service fees with respect to certain classes.

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by Dismal-Jellyfish Source: https://public-inspection.federalregister.gov/2023-04866.pdf An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing on any application by emailing the SEC’s Secretary at Secretarys-Office@sec.gov and serving the relevant applicant with a copy of the request by email, if an email address is listed for the relevant applicant below, … Read more

Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury (-39.774 billion as of 3/8/2023)–Let’s talk about the Fed’s cumulative losses.

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by Dismal-Jellyfish Good afternoon, resident jellyfish here! I hope everyone is enjoying a great Thursday. I want to take a minute to discuss a graph I am sure is going to catch some folks attention pulled from today’s H.4.1 release: https://fred.stlouisfed.org/series/RESPPLLOPNWW Remember, the Fed is playing slight of hand here. Storing losses on the balance sheet … Read more

Bank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send ‘shock waves’ through the sector

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via MSN: Bank stocks plunged on Thursday as investors assessed the potential fallout from the implosions of Silicon Valley Bank and Silvergate Capital. SVB Financial surprised investors with lowered guidance, a $2.3 billion capital raise, and a massive $1.8 billion loss from its bond portfolio. “This is sending shock waves through the financials with the … Read more

There Goes What’s Left of the Economy

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by Chris Black Remember how they used to say that “elections have consequences”? Well, stolen elections also have consequences, and “it” just hit the fan: These alleged people fail to realize that all money is on a computer, and they will leave the US to an offshore triple buried shell corporation that pays less in … Read more

Huge layoffs coming at GM…

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via CNBC: DETROIT – General Motors will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to workers Thursday from CEO Mary Barra. The “Voluntary Separation Program,” or VSP, will be offered … Read more

BIDEN GUILTY OF CRIME PUNISHABLE BY DEATH

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via republicbrief: Joe Biden’s treason is on the minds of many Americans and David Horowitz, a recovering leftist, wrote a scathing article about how he views the usurpations of our Democrat President. “His accusations might sound harsh to some, but there are countless Americans who believe Biden is guilty is treason and, at the very least, … Read more

Invasions Are Okay When We Do Them: U.S. Occupation of Syria Will Continue . . . . . . Here Are the 56 Democrats and 47 Republicans Who Voted to Withdraw U.S. Soldiers from Syria

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via globalresearch: The sudden unannounced arrival of the top US military officer General Mark Milley, chairman of the Joint Chiefs of Staff, at a dusty American base in Syria’s remote northeast on Friday may call to mind a famous quote by Dick Cheney, vice-president in the George W Bush presidency: “The good Lord didn’t see fit to put … Read more

US Mortgage Rate Rise To 7.13% As Inflation Remains And Fed Counterattacks

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by confoundedinterest17 As Americans are painfully aware, inflation is still haunting us. Despite Administration proclamations that inflation is declining, it is rising again. And with rising inflation (and an overheated labor market), The Federal Reserve is in full counterattack mode, withdrawing stimulus and raising rates. And with Fed tightening comes rising 30-year mortgage rates. Out of … Read more