The US Dollar World Reserve Status is Officially Over

by

by Chris Black How can this US administration fail in every single thing? This is the end of the American hegemony. 🚨China and France complete first Yuan-settled LNG trade, signaling the end of using the US Dollar for these energy trades. pic.twitter.com/nP8GmHqeGC — Wall Street Mav (@WallStreetMav) March 29, 2023 This was made possible by … Read more

Russia – Major Gas Pipeline Explosion

by

An Explosion at a Natural Gas Pipeline in the Sverdlovsk Region of Central Russia has caused multiple Fires to break out; the Ministry of Emergency Situations has dispatched Fire and Emergency Crews to the Site. pic.twitter.com/n0OPCDQ12R — OSINTdefender (@sentdefender) March 29, 2023 Explosion and fire at the gas pipeline in the north of Sverdlovsk Oblast, … Read more

Major Changes Are Coming From the Gov’t Limiting How You Access Your Money to Prevent Bank Runs

by

The end of cash is near. They are trying to go all digital, and then bring in the Central Bank Digital Currency (CBDC) to be programable so they can control how you spend your money. Eventually they will be able to make your CBDC money expire or disallow certain products. pic.twitter.com/8O27nn4iYe — Wall Street Mav … Read more

US Banks are seeing the largest drop in bank deposits since the Great Financial Crisis and a ‘second wave’ is coming

by

US Banks are seeing the largest drop in bank deposits since the Great Financial Crisis pic.twitter.com/l5OVEBKUXA — Cheddar Flow (@CheddarFlow) March 29, 2023 A 'Second Wave' Of Deposit Outflows Is Coming For The Banking Sector In a new note today, Barclays strategist Joe Abate says the panic "SVB" wave is over. Now comes Part II … Read more

The American Taxpayer Left Holding the Bag in Another Round of Bank Bailouts

by

by Chris Black The banking industry enjoys unparalleled government subsidies, special privileges, and bailouts, making it exempt from free market principles.  The Federal Reserve’s manipulation of interest rates is just one example of the extensive central control present in the financial sector.  The largest banks are granted explicit protection from the US taxpayer as Systemically … Read more

After 20 years, the Senate has voted to repeal the 1991 and 2003 resolutions that authorized the Gulf and Iraq wars.

by

66-30: In a landmark move, the U.S. Senate has voted to repeal the 1991 and 2003 resolutions that authorized the beginning of the Gulf and Iraq Wars, respectively. pic.twitter.com/kt4q6fl93m — The Recount (@therecount) March 29, 2023 18 Republicans joined all Dems in voting to repeal Iraq War authorizations: Braun & Young (IN)Budd (NC)Cassidy (LA)Collins (ME)Cramer … Read more

S686 Patriot Act 2.0 – This is the bill that lets them kick down your door and kill your dog because you are guilty for doubting the Biden regime.

by

Spy State Bill to ‘Ban Tik Tok’ Gets Bipartisan Push in Congress S. 686 https://www.congress.gov/bill/118th-congress/senate-bill/686/text Devil is in the detail. And shills like Josh Hawley supporting it. https://twitter.com/_/status/1640368745528041472 Why does Beijing love TikTok – because the CCP can use it to track your location. Your keystrokes. Your messages. Your contact list. Ban it now. pic.twitter.com/CJAPnaNPsT … Read more

Global banks trading volume rose sharply since the end of February. These major bank collapses will cause a massive ripple in the system

by

by BoatSurfer600 This ship is heading for a iceberg 🚨 Getting out now before it it gets ugly ? pic.twitter.com/AJNNoACJAO — Wall Street Mav (@WallStreetMav) March 29, 2023 Billion dollar banks are trading like shitcoins pic.twitter.com/6Wc0DfUr5t — Financelot (@FinanceLancelot) March 29, 2023

Banks are trying to rally, but they can’t get off the mat. Meanwhile, there is zero fear in this market of a continuing bank run. It appears that bears went ALL IN back in December and now they’ve decided the market is going higher

by

by BoatSurfer600 The Nasdaq has been in a death cross for the longest period of time since 2008. Which means that the 50 day moving average is below the 200 day moving average. Given that bulls STILL haven’t capitulated, it’s extremely likely this death cross will last far longer than the last one Since the … Read more

How Silicon Valley Bank’s CEO Got Rich: A $209 Billion DISASTER

by

NEW: CEO Greg Becker built Silicon Valley Bank into a $209 billion behemoth by courting the tech elite and lobbying for deregulation. But the same strategy that allowed the bank to grow rapidly also caused it to collapse. We dug into it with @ZachDCarter and @BigBlackJacobin. pic.twitter.com/LQZKWYUMuV — More Perfect Union (@MorePerfectUS) March 28, 2023

Maybe we need to replace the clueless Fed & captured/complicit regulators with Brazilian interns …

by

by BoatSurfer600 (Bloomberg) — Billionaire Andre Esteves, the co-founder and chairman of Brazil’s Banco BTG Pactual SA, said that “any junior analyst” from Latin America would have known how to manage the interest rate risk on Silicon Valley Bank’s balance sheet to avoid its collapse. Esteves, speaking at a BTG event in Santiago, Chile, said … Read more

Dedollarization of the world economy continues and Janet Yellen and the clowns in Washington DC are asleep

by

Dedollarization of the world economy continues – China for the first time purchased liquefied natural gas for the yuan, 65 thousand tons of LNG were purchased from the UAE. And as ordered: for the first time in its history, the US Federal Reserve suffered an operating loss. 🇨🇳 Dedollarization of the world economy continues – … Read more

Reparations for Black Californians could top $800 billion (latest from #ClownWorld – where is this $800 billion supposed to come from?)

by

SAN FRANCISCO (AP) — It could cost California more than $800 billion to compensate Black residents for generations of over-policing, disproportionate incarceration and housing discrimination, economists have told a state panel considering reparations. The preliminary estimate is more than 2.5 times California’s $300 billion annual budget, and does not include a recommended $1 million per … Read more

Wayne State English Professor Says it is “ Admirable” to Murder Speakers That Offend

by

Two thoughtful articles on the madness infecting our society and the meekness and equivocation of civil society defenders ( such as university presidents) to confront it Wayne State Professor Volunteers as First Amendment Tribute https://popehat.substack.com/p/wayne-state-professor-steven-shaviro “Although I do not advocate violating federal and state criminal codes, I think it is far more admirable to kill … Read more

Bank Of Canada preparing for a bank run?

by

Bank of Canada ‘ready to act’ in event of extreme market stress OTTAWA, March 29 (Reuters) – The Bank of Canada on Wednesday said it was ready to step in with support if the banking system came under severe strain, but would only offer extraordinary liquidity in extreme cases while at the same time seeking … Read more