First Republic Bank $FRC failure explained:
by TonyLiberty
Breaking news, updates, and reports on current events.
by TonyLiberty
(Kitco News) Turkey’s central bank is offloading its gold reserves to help meet high domestic demand after curbing precious metals imports in February, Bloomberg reported. Turkey has seen a surge in gold demand in the past year as citizens embraced the precious metal as a hedge against inflation, which ran at a pace of over … Read more
A Utah-based biotech company implanted brain chips in dozens in dozens of patients in an effort its owner claims will cure depression, blindness and paralysis. The chip, known as NeuroPort Array, is manufactured by Blackrock Neurotech. Blackrock’s device attaches 96 arrays, small needle-shaped brain chips, that decipher and stimulate electrical signals generated by someone’s thoughts. … Read more
View post on imgur.com France’s credit rating was cut by Fitch Ratings in another blow to politically embattled President Emmanuel Macron as he tries to bolster the country’s public finances with unpopular overhauls. Fitch reduced France’s credit rating to AA- from AA, with a stable outlook, bringing the euro area’s second-largest economy to the same … Read more
Austin, Texas is the latest battleground for a new bill aimed at enhancing school safety measures in the state. Texas House Bill 13 proposes to provide up to $25,000 stipends to public school employees who complete mental health training and state-approved programs to carry firearms on campus. Authored by Republican State Rep. Ken King, the … Read more
Here are more videos from yesterday in El Paso.@VP, are you still Border Czar? pic.twitter.com/sTzCd4IzM5 — Irene Armendariz-Jackson (@BorderIrene) April 30, 2023 Remember how clean El Paso looked when Joe Biden came down to visit? Here’s what it looks like when Joe Biden isn’t here. pic.twitter.com/dpgccoHR1h — Irene Armendariz-Jackson (@BorderIrene) April 30, 2023
In a move that has raised eyebrows among privacy advocates, Ford has recently filed a patent application for autonomous repossession of its electric vehicles (EVs). The patent, filed with the U.S. Patent and Trademark Office, outlines a system where an EV could drive itself back to the dealership if the owner falls behind on payments. … Read more
View post on imgur.com An Indiana bar is begging customers to come back after telling them they weren’t welcome for speaking out against Dylan Mulvaney’s Bud Light partnership. The Fairfax Bar & Grill in Bloomington issued three statements to their patrons since weighing in on the controversial partnership that launched April 1. Mulvaney celebrated her … Read more
Credit conditions in Europe are tightening at the fastest pace since 2009. via Bloomberg pic.twitter.com/QEQEEgK9lm — Daniel Lacalle (@dlacalle_IA) May 1, 2023 The banking crisis is just beginningWe have called it right for months The worst is yet to come (just wait for the office building bust)History Before it Happens:https://t.co/Lz05ySOZUa#FirstRepublic — Gerald Celente (@geraldcelente) May … Read more
by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23034.html First Republic Bank, San Francisco, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC is entering into a purchase and assumption agreement with JPMorgan Chase Bank, National Association, Columbus, Ohio, to assume all … Read more
This article strongly suggests that the Murdochs talked to Zelensky, and Tucker's opposition to the US proxy war in Ukraine was a major factor in his firing. I'll await confirmation, but one thing is for sure: his removal eliminated the most influential anti-war voice from TV: https://t.co/eZ8DODnsLk — Glenn Greenwald (@ggreenwald) May 1, 2023 Here's … Read more
by BoatSurfer600 More than 12 hospitality venues have shut each day in Britain over the past year amid the pressure of soaring energy costs, according to figures. High inflation and the cost-of-living crisis have resulted in the closure of 4,593 licensed hospitality premises over the year to March, according to the latest hospitality market monitor … Read more
(Forbes) JPMorgan Chase agreed to acquire First Republic after the bank was seized by financial regulators early on Monday, a deal that came after weekend-long negotiations led by federal agencies, who were attempting to prevent a third major bank collapse this year. https://www.forbes.com/sites/siladityaray/2023/05/01/jpmorgan-chase-agrees-to-acquire-first-republic-banks-deposits-after-fdic-intervenes/?sh=2f8fb7645a94 🚨#BREAKING: First Republic Bank has been closed by regulators, as this is … Read more
by TappyDev First Republic seized and sold to highest bidder Regulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after a last-ditch effort to persuade rival lenders to keep the ailing bank afloat failed. JPMorgan Chase , already the largest U.S. bank by several measures, … Read more
“Some engineers for the Federal Aviation Administration wanted to ground the Boeing 737 Max soon after a second deadly crash, but top officials in the agency overruled them.” Officials “held off grounding the plane despite growing international pressure.” https://apnews.com/article/boeing-max-crashes-faa-ea8fac0ad2758b08c58d2d64756fbf37 h/t BinyaminDelta
“Why are we affirming the mental confusion of this boy and putting the safety of women in jeopardy by allowing mentally confused men to use women’s spaces?” 👑 ❤️ 👑 A young women bravely speaks out at the Riverside Unified District Board Meeting on 4/27/2023 A boy has been… pic.twitter.com/6XHUVMZoNP — WomenAreReal (@WomenAreReals) April 28, … Read more
Sean Hannity's Ratings Plunge After Tucker Carlson’s Fox News Exit https://t.co/RjZqWHS6BD — zerohedge (@zerohedge) April 30, 2023 “Carlson’s finale a week ago drew 2.65 million viewers, according to Nielsen. The data shows that Brian Kilmeade’s substitute hosting gig for “Fox News Tonight” saw ratings of 2.59 million on Monday, 1.7 million on Tuesday, and 1.33 million … Read more
Of course, its her “sugar daddy” fault. ********************************************** Short video h/t monicka
BREAKING: NEW EPSTEIN REVELATIONS Wall Street Journal (paywall) > CIA Director Burns> Goldman Sachs (Federal Reserve) Top Attorney> Top Rothschild's Banking Exec> Henry Kissinger's top man pic.twitter.com/wvL0Xn3Smg — Stew Peters (@realstewpeters) April 30, 2023 pic.twitter.com/aiCGV8ePc8 — Stew Peters (@realstewpeters) April 30, 2023 BREAKING: Jeffrey Epstein’s private calendar leaked Epstein met with: – current CIA Director, … Read more
via geofinancialnews: The probability model for a recession from the Federal Reserve has been steadily increasing and has now reached its highest point since 1982. The National Bureau of Economic Research (NBER) is known for its slow process of identifying business cycle changes, often lagging behind by months as they consider various data series and … Read more
Guest Post from SchiffGold.com: Breaking Down the Balance Sheet The Fed saw a reduction in its balance sheet of $143B during April. Standard QT was responsible for $83B while $55B of the reduction was in Repurchase (Repo) Agreements which dropped to $0 this week. While Repos dropped to zero, Loans actually increased for the week, despite being down slightly … Read more
https://www.youtube.com/watch?v=-ZsmlE8SS4M India Becomes Europe’s Largest Supplier of Refined Oil | Saudi Arabia in 2nd Place India has become Europe’s largest supplier of refined fuels this month, according to data from analytics firm Kpler. This is while simultaneously buying record amounts of Russian crude, according to data from Kpler. Europe’s dependance on Indian crude oil products … Read more
Pupils as young as SEVEN are being encouraged to wear a badge which displays whether they use male, female or non-binary pronouns. The Mail on Sunday has seen lesson plans which reveal children in Key Stage Two – which covers seven to 11-year-olds – are taught about being non-binary. The lessons are being rolled out … Read more
This has got to be the best troll ever! he’s wearing lipstick and a wig so he’s all in on it. GOP councilman announces he identifies as lesbian ‘woman of color,’ angering LGBT activists … The councilman told the news station that his family had been “receiving violent threats throughout the day from intolerant liberals … Read more