On Wire

Breaking news, updates, and reports on current events.

In 2023 the Fed will post its first annual operating loss of $80 billion since 1915. It will have a negative capital of $38B.

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The Federal Reserve is technically bankrupt. In 2023 the Fed will post its first annual operating loss of $80 billion since 1915. It will have a negative capital of $38B. This loss does not count the $1.3 trillion unrealized loss on its portfolio. Ht u/Lapuamies pic.twitter.com/AiNXsoF4tr — Wall Street Mav (@WallStreetMav) March 13, 2023

Former Clinton Deputy Treasury Sec. explains how Biden has effectively nationalized the banking system [VIDEO]

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Former deputy Treasury secretary, Roger Altman, admits: With SVB, Biden Admin "effectively nationalize[d] … the deposit base of the U.S. financial system … Technically speaking, they haven’t [nationalized the banking system], but in a broad sense, they are verging on that." pic.twitter.com/SBn9SfY3Xm — Tom Elliott (@tomselliott) March 14, 2023 https://therightscoop.com/former-clinton-deputy-treasury-sec-explains-how-biden-has-effectively-nationalized-the-banking-system-video/ AC

Credit ratings for 6 giant banks to be downgraded

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via Dailymail: Credit agency Moody’s put six banks on watch for a potential downgrade. First Republic, Zions, Western Alliance, Comerica, UMB Financial and Intrust Financial are all being reviewed over ‘extremely volatile funding conditions for some US banks exposed to the risk of uninsured deposit outflows.’ UPDATE: “Credit rating agency Moody’s has downgraded its outlook … Read more

House Oversight Chairman James Comer: Treasury Reports Show Biden Crime Family Made Millions from Communist Chinese Company After 2016

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The Biden family business received a $3 million wire transfer from a Chinese energy company and subsequent payments after President Joe Biden left the vice presidency in 2017, House Oversight Committee Chair James Comer (R-KY) announced upon receiving suspicious activity reports from the Treasury this week. U.S. banks have flagged over 150 SARs from Hunter … Read more

Prices Increase Another 6% on Top of Other Increases — Real Wages Drop for 32nd Straight Month

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The annual inflation rate is at 6.0% down from 9.1% in July 2022 but still higher than any time since the 1980s. Inflation was at 1.4% under President Trump when Joe Biden took office. Real wages dropped for the 32nd straight month. Zero Hedge reported: The index for shelter was the largest contributor to the monthly all items … Read more

Trans Twitter User Tweets Suicide Note: “If you’re reading this, I’ve already killed myself.” (Confirmed deceased.)

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Final Message Read: https://t.co/SpJtRKimBR — eden knight O_o (@CYBERANGELFAERY) March 12, 2023 Link to suicide note: https://www.twitlonger.com/show/n_1ss8nph We unfortunately now have confirmation of Eden's passing and burial service by her family (I removed her deadname from the screenshot). #JusticeForEden #HerNameWasEden pic.twitter.com/31ottJAKjq — Eli Erlick (@EliErlick) March 13, 2023 h/t dr0id

Gary Lineker challenges Elon Musk over death threat received by his son after BBC row

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This is what comes of appeasement. This tosser posts lefty political stuff on Twitter, although working (getting £1.5 million a year) from the State broadcaster, BBC, who are supposed to be impartial. They suspended him, and all his lefty friends went ballistic about freedom of speech, even though they try constantly to shut down anyone … Read more

Tom Cotton: Biden Administration Won’t Commit to Not Bailing Out Chinese SVB Investors

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Sen. Tom Cotton (R-AR) said in a tweet Monday that the Biden administration refused to commit to not bailing out Chinese companies that invested in Silicon Valley Bank (SVB) with American taxpayer money. “It’s well known that SVB funneled American money into Chinese companies,” Cotton tweeted. “I pressed the Biden administration today to commit not … Read more

Wall Street expert who infamously called the 2008 Lehman Brothers’ collapse predicts Credit Suisse to be next major bank failure

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by Infamous_Sympathy_91 Credit Suisse in trouble… stock plunges to new lows and CDS at record highs DailyMail: Credit Suisse shares fall to all-time low as bank announces it has found ‘material weakness’ – just hours after Wall Street expert predicted that it would be the next to fall after SVB View post on imgur.com

U.S. Treasury to Release Biden Family’s Suspicious Bank Reports to House Oversight Committee

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The Treasury Department will comply and release suspicious activity reports (SARs) generated by the Biden family and their associates’ business transactions to the House Oversight Committee, Breitbart News has learned. The Treasury’s compliance to disclose the SARs is a massive development in the House Oversight Committee’s investigation into the Biden family business to determine if … Read more

Tucker: Feds Using Bank Meltdown to Kill Off Regional/Local Banks, Consolidate Power… Warns of Digital Currency, That Bank Run Is Intentional

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via newrightnetwork: Fox News host Tucker Carlson questioned what the federal government would get in return for “backstopping” failed banks like Silicon Valley Bank Monday. “What we know is the Biden administration is backstopping these deposits, okay. But that’s not the end of the story, in some ways it’s the beginning,” Carlson, a co-founder of … Read more

The reserve ratio for banks was reduced to 0% on March 15, 2020.

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by Settlemente Here is the link to the announcement of the reserve ratio for banks being reduced to 0%. https://www.federalreserve.gov/monetarypolicy/reservereq.htm#:~:text=As%20announced%20on%20March%2015,requirements%20for%20all%20depository%20institutions. The FDIC insures up to $250,000 worth of deposits (per person, per bank). The Dodd Frank act included requirements for banks to write living wills.