Iran’s Military Placed on High Alert. IDF Chief says ‘Its On’

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According to local sources, Iran has put its military forces on high alert. What is the reason for this is not specified. pic.twitter.com/RCK3LJeXGL — Open Source America (@USAopens) March 14, 2023 Iran will respond strongly to any plans to alter international borders, according to telegram channels associated with IRGC. The video appeared amid rumours that … Read more

Credit Suisse Going Down and Out – They Are Toast

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No more money for Credit Suisse That's what Saudi National Bank Chairman Ammar Abdul Wahed Al Khudairy told @youseftv when asked about more assistance for the troubled lender https://t.co/GFLboCOwyj pic.twitter.com/iSjco40v8D — Bloomberg TV (@BloombergTV) March 15, 2023 BREAKING: "Absolutely" not another cent for Credit Suisse. That's what Saudi National Bank, the embattled lender's top shareholder, … Read more

US Banking System Outlook Downgraded to ‘Negative’… Fallout from U.S. Bank Failures Spreads Around the World

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Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’ In a harsh blow to an already-reeling sector, Moody’s Investors Service cut its view on the entire banking system to negative from stable. The firm, part of the big three rating services, said Monday it was making the move in light … Read more

NYPD officers resigning at a record-breaking pace

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via dailymail: A record-high number of New York Police Department officers resigned in the first two months of 2023, startling new data shows. According to a new report, resignations among officers jumped 117 percent in January and February, already surpassing more than 230 resignations. The new numbers are up significantly from the same time frame … Read more

Silicon Valley Bank Collapse: Just how safe is the banking system? Matthew Piepenburg shares his views.

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By Matthew Piepenburg   Kitco News Interviews Matthew Piepenburg – SVB Collapse: We ain’t seen nothing yet! Bank runs, Fed policy and Gold. On Wednesday, March 8, 2023, Silicon Valley Bank (SVB) announced a $ 1.8B loss from the sale of investment securities. Investors and depositors got spooked, withdrawing an estimated $42B+ in cash within … Read more

Things could get wild … Again

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  The Federal Home Loans Banks sold 90B in bonds and treasuries to raise liquidity for commercial banks.  Banks flooded the Federal Home Loan Bank System with requests for up to $90 billion in billions in low-cost funding to shore up liquidity and avert a crisis due to a runoff of deposits. Demand for liquidity … Read more

Trading halted for French banking group BNP Paribas after the stock plunged 8%.

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JUST IN – Trading halted for French banking group BNP Paribas after the stock plunged 8%. — Disclose.tv (@disclosetv) March 15, 2023 European shares fell today as bank stocks resumed their selloff, after a short-lived bounce in the previous session, with Credit Suisse plunging to a fresh record low. The pan-European STOXX 600 index fell … Read more

Markets Still Stressed Despite Fed Guarantees For Depositors (Volatility Spread In STRESSED Range)

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by confoundedinterest17 Well, the banking fiasco CREATED BY THE FEDERAL RESERVE is still with us. Why? Because the FDIC guaranteed deposits above $250,000 for the first time in history, bailing out millionaires/billionaires. I call this Crony Socialism (but I repeat myself). Congress doesn’t understand banking, only how to spend money.

The Empire Strikes Out! Empire State Conditions Declines To -24.6 For March As PPI Final Demand Cools To 4.6% As Fed Cools Rates

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by confoundedinterest17 The Federal Reserve and Biden Administration are like one massive gaffe machine. And with it, the Empire State manufacturing outlook plunged to -24.6. An inflation measure, PPI Final Demand YoY declined to 4.6%. While the Dow is down -1.36% today, European stocks are down -3 to -5%. Janet “Too low for too long” Yellen … Read more

Credit Suisse 5Y CDS exploded higher to 766bps, pricing in a probability of default of 47%, stock plunges 30%. The Saudis have said they won’t invest. Credit Suisse failure would be 5x SVB

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CS is about to not be fine Credit Suisse’s top shareholder rules out providing more financial assistance to the struggling Swiss bank, citing regulatory issues https://t.co/sqjJiRF6mF — Bloomberg (@business) March 15, 2023 Its’ Over For The Swiss Giant! You can’t miss what’s happening in Europe. Switzerland’s second-largest bank: Credit Suisse’s stock price continues to plunge … Read more

Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97

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via APNEWS: SAN FRANCISCO (AP) — Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years and homes in San Francisco for just $1 a family. These were some of the more than 100 recommendations made by a … Read more

Black Lives Matter Movement Has Recieved a Stunning $82 Billion From Corporations… $73M Donated by Silicon Valley Bank

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The list reveals that several popular corporations from a wide range of different industries supplied the movement with large sums of cash. Walmart, for example, which is based in Arkansas, gave a whopping $100 million in support of BLM and related causes focusing on “racial equity.” Amazon gave even more, supplying the movement with an … Read more