Are Banks going Belly Up?

[thepainterdoug]

Are Banks finally showing they are going bust? Alarming is the word.

·
https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html

https://nypost.com/2023/03/10/nypd-called-to-silicon-valley-bank-branch-as-depositors-attempt-to-pull-cash-report/

https://nypost.com/2023/03/10/silicon-valley-bank-shut-down-by-regulators-in-stunning-collapse/

[CurEus]

Avalonians are WELL advised to have alternate forms of non banked "money" be it cash, coins, precious and semi precious metals, barter and trade goods which ranges from food and water, to vices like alcohol in addition to their at home preparations for food, warmth, sanitation.

True, you can;t eat gold or silver but you can trade cigarettes or wine for something else I expect.

Essentially global "macro" finance is not within the limited purview of ourselves in as much that is absolutely dependent on our acceptance as it, like fiat, having any value at all. I expect an explosion in barter once Digital Currencies are mandated...for a time. But I steadfastly believe that it is best to be as self sufficient as we can be. So, to that end, I am much more comfortable with my "money" out of the bank and in my hands in some form that holds some value. And no, I do not have bricks of gold an silver at my place!

Am also concerned about mobility...I have a boat, am taking flying lessons and would like a camper van...am NOT doing another lockdown because I don't think the next one will "end".

[Sue (Ayt)]

Clif High put up two audios today on the banking problem:

Dirty Dealing Done right in front of your face...
https://clifhigh.substack.com/p/the-ugly-bank#details
and
Banking Ugly
The cookie crumbles....
https://clifhigh.substack.com/p/banking-ugly#details

This headline (from your first link, Doug) is not something to take lightly.
"Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours"
Every TV news station is running with this today. Pretty huge implications here...

And so it begins?
:ohwell::noidea::violin::shocked::blink::fie:

[pueblo]

There can be no transition to Central Bank Digital Currency (CBDC) while the current financial system remains functional (nominally).

CBDCs are one of the main pillars of their "Great Reset".... they are going to have to 'pull' the economy to get to the next stage.

As CurEus has advised.... get prepping!!

[pueblo]

USDC (Stablecoin) has more than $3 billion of it reserves in SVB (Silicon Valley Bank, which is currently failing hard).

USDC now seeing huge outflows as people are dumping Crypto...

https://coinmarketcap.com/currencies/usd-coin/

[pueblo]

1634206734037262336

1634214662362234883

[Matthew]

USDC (Stablecoin) has more than $3 billion of it reserves in SVB (Silicon Valley Bank, which is currently failing hard).

USDC now seeing huge outflows as people are dumping Crypto...

https://coinmarketcap.com/currencies/usd-coin/


Could be that the crypto market bombs out, but alternatively it could be a fakeout with high-level shenanigans to optimize some massive profit grab shortly. I'm not an optimist but I am greedy so I live in hope at the moment. I have popcorn ready.

[Bruce G Charlton]

When a civilization falls (or suicides) then material prepping can do no more than buy a few weeks of extended survival, maybe months. In the end, vast numbers of people Will be consumed in the downfall - and for those who remain longer, life will be extremely grim in ways the world have never previously experienced.

But survival is (or ought to be) a means to an end - and there are (many) spiritual outcomes worse than physical death. There are times when physical survival comes only at the cost of spiritual survival.

For most/ nearly-all people (especially in the West), it is *spiritual* prepping that is needed most urgently.

[Sue (Ayt)]

Whoa - Do see Gwin Ru's post about Wells Fargo Bank HERE (https://projectavalon.net/forum4/showthread.php?112361-The-Global-Financial-System-Explained-Kim-Goguen-LifeForce-the-Assemblies&p=1547234&viewfull=1#post1547234).

"Warning Will Robinson!"

RG0ochx16Dg

[Satori]

Banks are not going bust, we the people are.

The people will once again be forced to bail out the big player banks in the central banking, fiat, debt-based, legal tender, legalized-criminal-con game, Ponzi scheme called the monetary/banking system. There is very little, if any “money” in the sense of being backed by any commodity as opposed to propped up by debt and the yoke and shackle of the full faith and credit of we the people enforced by the anti-constitutional, inhumane, and exorbitant, tax on incomes.

Modern money, so-called, has been eviscerated and relegated to nothing more than weightless photons in the electromagnetic ether, manipulated by avaricious criminals using supercomputers and engaging in myriad transaction in fractions of seconds.

They socialize the losses and privatize the profits. The winners are few and the losers are the masses.

Moral hazard at its worst.

[thepainterdoug]

Satori, yes thats how it always distills down. Sue, yes I saw Gwin's post. And I agree to be diversified as best possible.
Le'ts face it, much like prepping, if it's all going to go down it will be with some having a month delay of pain from the others.
Unless you're already a wilderness person, schooled and prepared to live off the land, free of electricity , finding catching and cooking your food, you will be in pain and discomfort.
We will all need to learn, do your best

[Satori]

Satori, yes thats how it always distills down. Sue, yes I saw Gwin's post. And I agree to be diversified as best possible.
Le'ts face it, much like prepping, if it's all going to go down it will be with some having a month delay of pain from the others.
Unless you're already a wilderness person, schooled and prepared to live off the land, free of electricity , finding catching and cooking your food, you will be in pain and discomfort.
We will all need to learn, do your best

I know I was not saying anything that you and many others on this Forum and elsewhere did not already know. But your thread triggered that rant from me. So it’s your fault. Just kidding, of course.

[Sue (Ayt)]

The people will once again be forced to bail out the big player banks in the central banking, fiat, debt-based, legal tender, legalized-criminal-con game, Ponzi scheme called the monetary/banking system.

Seems to be the way it has always worked in my lifetime for sure.
But Satori, Ponzi schemes do inevitably reach a point of unsustainability and the whole house of cards crashes down.
When the people are squeezed dry, well - are bail-outs able to continue forever? Do you think the system, as it is now can continue without the banksters devising some brand new type of system? (like a totally controlled digital-type currency)

[mountain_jim]

https://twitter.com/BillAckman/status/1634662286844411904?s=20

1634662286844411904

[Satori]

The people will once again be forced to bail out the big player banks in the central banking, fiat, debt-based, legal tender, legalized-criminal-con game, Ponzi scheme called the monetary/banking system.

Seems to be the way it has always worked in my lifetime for sure.
But Satori, Ponzi schemes do inevitably reach a point of unsustainability and the whole house of cards crashes down.
When the people are squeezed dry, well - are bail-outs able to continue forever? Do you think the system, as it is now can continue without the banksters devising some brand new type of system? (like a totally controlled digital-type currency)

To answer your question, yes, the system in its current iteration is sustainable. But only if they do what they have always done. Booms and busts cycles that are manipulated and controlled by the money makers.

We are in a bust cycle now. Have been for awhile. The can has been kicked down the road as many times and about as far as it can be. Hence, talk of WWIII. Not only talk, it is now kinetic.

War, in some form, hot or cold, is a tried and true means to an end. The end is to keep power and control in the hands of the bloodline elites, so called. (Or other entities, or both.) The means is, as always, to cull the herd from time-to-time. Destroy lives and property and then rebuild from the ashes. War employs and destroys. Post war rebuilds and employs. Wash, rinse and repeat.

However, I believe that “they” have a different program in mind this time. There may a quantum shift at hand. One made possible by modern-day technology. The difference is one that will allow for a reset of sorts. WEF and Build back Better type of thinking. (Excuse me while I barf.) Think AI and post humanism.

In my view there are very powerful forces at work here and human beings may not be in control. What is I do not know. Forces of Good versus evil are for sure on the field of battle. This is very big. I’m convinced it’s not the first time. But again technology is a game changer. Probably has been before.

[Sue (Ayt)]

The people will once again be forced to bail out the big player banks in the central banking, fiat, debt-based, legal tender, legalized-criminal-con game, Ponzi scheme called the monetary/banking system.

Seems to be the way it has always worked in my lifetime for sure.
But Satori, Ponzi schemes do inevitably reach a point of unsustainability and the whole house of cards crashes down.
When the people are squeezed dry, well - are bail-outs able to continue forever? Do you think the system, as it is now can continue without the banksters devising some brand new type of system? (like a totally controlled digital-type currency)

To answer your question, yes, the system in its current iteration is sustainable. But only if they do what they have always done. Booms and busts cycles that are manipulated and controlled by the money makers.

We are in a bust cycle now. Have been for awhile. The can has been kicked down the road as many times and about as far as it can be. Hence, talk of WWIII. Not only talk, it is now kinetic.

War, in some form, hot or cold, is a tried and true means to an end. The end is to keep power and control in the hands of the bloodline elites, so called. (Or other entities, or both.) The means is, as always, to cull the herd from time-to-time. Destroy lives and property and then rebuild from the ashes. War employs and destroys. Post war rebuilds and employs. Wash, rinse and repeat.

However, I believe that “they” have a different program in mind this time. There may a quantum shift at hand. One made possible by modern-day technology. The difference is one that will allow for a reset of sorts. WEF and Build back Better type of thinking. (Excuse me while I barf.) Think AI and post humanism.

In my view there are very powerful forces at work here and human beings may not be in control. What is I do not know. Forces of Good versus evil are for sure on the field of battle. This is very big. I’m convinced it’s not the first time. But again technology is a game changer. Probably has been before.

Yep.
And that's the thing...
We simply don't know what to expect and can really only speculate and watch the show at this point.
It just feels so darn ominous!

[Pam]

USDC (Stablecoin) has more than $3 billion of it reserves in SVB (Silicon Valley Bank, which is currently failing hard).

USDC now seeing huge outflows as people are dumping Crypto...

https://coinmarketcap.com/currencies/usd-coin/


Could be that the crypto market bombs out, but alternatively it could be a fakeout with high-level shenanigans to optimize some massive profit grab shortly. I'm not an optimist but I am greedy so I live in hope at the moment. I have popcorn ready.

Matt, I find your take on this very interesting. Your take on this is very wise. How much of what the mainstream claims is imminent actually occurs? How many horrific things are not even acknowledged by the MSM? They want to generate fear and panic. The ultimate goal being that you will beg for their system. Problem, reaction, solution. The more I consider your take, Matt the more I see reason to find validity and potential in what they say. What do they want? They want you to panic, to sell all your investments and have a fistful of fiat currency. We need to really give validity to the fact that this is an inversion and we need to think outside the box and not panic.

I think The point is to generate fear and panic. If they are making this common knowledge there is a reason for it. This is not an event that is happening organically. You have Biden giving money as fast as he can to Ukraine. This is contrived and most of us know what the goal is. "Please give us a system that works, that gives us security." That's what they want. They want us begging liars, thieves and psychopaths

I would like to hear much more from you Matt.

I do believe that there is validity in having things that one can trade. In the US many of us have guns. That is a messy issue for the controllers.

I am not saying I know exactly what is happening, I know they only give information that to benefit their narrative.

[pueblo]

However, I believe that “they” have a different program in mind this time. There may a quantum shift at hand. One made possible by modern-day technology. The difference is one that will allow for a reset of sorts. WEF and Build back Better type of thinking. (Excuse me while I barf.) Think AI and post humanism.
.

They need a 'shock' to get the great reset rolling...

1626024751922642945

[Matthew]

... They want you to panic, to sell all your investments and have a fistful of fiat currency. We need to really give validity to the fact that this is an inversion and we need to think outside the box and not panic. ...

My opinions are for entertainment purposes only. Either they are useful or they show me an example to others of how not to be. Possibly a bit of both.

Personally I am spreading value across different quarters, but not a lot of any one thing: a bit of crypto, a bit of bullion (copper £5 each Oz, silver £20 Oz), tobacco and luxuries that could possibly be traded (in the bugout bag thread someone else put a fine point on this :trophy: ).

And practical things that are of low value like diatomaceous earth, which can be used to kill flees, kill anything that attacks your plants but is non-toxic to plants, humans and animals. Diatomaceous earth is a nasty death for bugs I'm not proud. However, it might save the day for a community of backyard farmers. Non-power tools too like a hand crank drill and saws. Bowsaw blades and things like that.

If I knitted I would be proud to have a collection of wool. If I knew how to preserve I would collect jars. Wait, I do collect jars, I never rarely throw them out. But I don't know how to preserve, except how to make Chickasaw plumb jam; I have such a tree in my garden that I'm friends with, and there are a string of its sibling trees along a path near my house.

When they fruit it's like someone dumped a truckload of small plumbs underneath the tree. They have very large stones over a thin layer of flesh, making them unattractive as munching plumbs, but the stones contain pectin. It always fruits but doesn't often dump a truckload, so I only make jam from the rare big fruiting years, only when it's dumped a ludicrous amount of plumbs... every four years or so.

https://www.flawildflowers.org/wp-content/uploads/2015/03/prunus_angustifolia_matrazzo3-1-e1602528747396.jpg

https://heppy.org/wp-content/uploads/Chickasaw-Plum-Prunus-angustifolia.jpg

As for cash I expect the situation to be that inflation devalues paper currency while they make digital currency attractive for the short-term where you'll be able to buy cheap fuel with digital. Fiat will become unfashionable and worthless, but then post-modern science fiction predicts physical, untraceable cash will become very valuable again.

Therefore I also try to keep cash to hand and I hope to hang onto it or collect more while it's being devalued but only because I like a good dystopian, post-modern science fiction novel, and it's related tabletop role-playing games. I'm a fan of Mike Pondsmith.

https://pbs.twimg.com/media/EcKTpV-XYAAO96J?format=jpg&name=360x360
Mike Pondsmith helped create the fantasy world of the future, painting 2020 from a 1980's perspective

Crypto needs to be held on a de-centralized client like Exodus Movement instead of Coinbase where your wallet is held on someone else's computer, so you could be denied access. I have mine centralized somewhere like (but not) Coinbase, but could move them to my local wallet if I want to which I imagine I might have to do in an emergency. I don't have a great deal of crypto but it feels like a good wildcard. Bitcoin is the mainstay for me, even though others bank on what they argue are better decentralized crypto's like XRP.

[pyrangello]

Want to feel sorry for this bank, 8550 employees svc, all received their bonuses hours before they closed, average salary at this bank was $250,683.00 a year , average bonus hours before they closed was $ 14,000.00 for the little people and $ 140,000.00 for management, now their talking about a bank bailout. New bonuses for all! Hoorah!

[TravelerJim]

Short note - the truth is quickly coming out on the virus/vax, the Ukraine war, and J6. Time to change the narrative....

[mountain_jim]

https://twitter.com/Dr_PhillipB/status/1634632068058722304?s=20

1634632068058722304


mgshowchannel/37931





https://twitter.com/fleckcap/status/1634737184115945474?s=20

1634737184115945474


mgshowchannel/37932

[mountain_jim]

https://twitter.com/WallStreetSilv/status/1635046943029342210?s=20

1635046943029342210


https://www.zerohedge.com/markets/svb-latest-developments-live-blog-fdic-auction-failed-svb-assets-underway

Fed Panics: Signature Bank Suddenly Shuttered; Fed, TSY, FDIC Announce Another Banking System Bailout

BY TYLER DURDEN
SUNDAY, MAR 12, 2023 - 03:10 PM
6:20pm ET Update: Panic is finally here.

On Friday, we said that the Fed will have to make an announcement before the Monday open, and we didn't have to wait that long: in fact, the Fed waited just 15 minutes after futures opened for trading to announce the new bailout, alongside even more shocking news: the Treasury announced that New York State regulators are shuttering Signature Bank - a major New York bank - adding that all depositors both at Signature Bank, and also the now insolvent Silicon Valley Bank, will have access to their money on Monday.

And as we process the shock of yet another small bank failure (which makes JPMorgan even bigger), the Fed just issued a statement (https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm) saying that "to support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy."

The Fed also said that it is prepared to address any liquidity pressures that may arise, which in turn has just unveiled the first bailout acronym of the new crisis: the Bank Term Funding Program, or BTFP. Some more details:

The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.

The Fed explains that the Department of the Treasury will make available "up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP." And while the Federal Reserve - which was completely clueless about this banking crisis until Thursday - does not anticipate that it will be necessary to draw on these backstop funds, we anticipate that the final number of needed backstop liquidity be somewhere north of $2 trillion.

< more at link >

[thepainterdoug]

More bank bailout info

https://www.thegatewaypundit.com/2023/03/outrageous-silicon-valley-bank-provided-massive-amounts-of-capital-to-chinese-tech-ventures-biden-fdic-and-federal-reverse-are-bailing-it-out-clearly-biden-is-working-for-china/?utm_source=rss&utm_medium=rss&utm_campaign=outrageous-silicon-valley-bank-provided-massive-amounts-of-capital-to-chinese-tech-ventures-biden-fdic-and-federal-reverse-are-bailing-it-out-clearly-biden-is-working-for-china

[gini]

Oh SH*T! The banks are collapsing, as the money starts disappearing | Morris Invest--Sq3lZzbxSB8

285,242 views Mar 13, 2023
As money starts to disappear, banks are starting to collapse. This is causing panic among the people, as they worry about what will happen to their money. Watch this video for more information on bank runs and how they could affect you.

[pyrangello]

Hey this might be an opportunity to downsize government here in the USA. We can now eliminate the FDIC insurance agency as they are no longer needed now. And poof just like that money has been created out of thin air for a new phrase called "liquidity". Kind of like when a politician says the word today we are going to make an "investment" . Which means i'm slapping another tax on you.

So now I know why the federal reserve put a 10' high fence all around their building last year in d.c. , so they could print more money and not be interrupted. Just ponder today's comment - today we are putting more liquidity in the market for all banks to haved adequate product to distribute. Where did it come from? How was it printed ? Who knows how much ink to order? Are we in the wizard of oz?

I emailed the federal reserve just before they started raising rates questioning their motive, were these rates going to change the labor shortage ? Nope were these rates going to help supply shortages ? Nope were these rates going to help gas prices ? Nope or food costs ? Nope . ( fyi , word is our strategic oil reserve is down to 20%) wait til this is out and then watch gas prices. So I asked them by raising interest rates what did they expect to accomplish? They did reply and said they would submit my comments to the board. Not that it did any good.

So what is this doing by raising these rates, I do agree there needs to be a charge to borrow money, after all it's a business and there needs to be some way to pay the bank employees, but this roller coaster ride of let's raise the rates just because, are they nuts, just like. A politician . How much dam talent does it take to decide how to spend money or charge for it. I would submit to you 5 guys drinking at a poker game could do a better job than the federal reserve or a politician. I`m also now starting to feel like a commoner did back when the Roman Empire was self destructing witnessing decisions being made and implemented that are creating the destruction of a country where walls need to be put up because those who are making the rules are afraid the common people are realizing how insane they really are!

Liquidity and investments, let's add the new virus word to called "WOKE" for our time. There all nuts!

[ExomatrixTV]

Signature Bank Fails: And I Sense Snenanigans

W_cRJt75OZQ


archive.ph/i0NSE (https://archive.ph/i0NSE)

[shaberon]

Nice. Here, we have Anatomy 101, The Creature from Jekyll Island. There, we learned that the prime directive of the privatized central banking system is how to transfer private losses to the taxpayers, while making it look like "government policies" are responsible, and therefor somewhat cast in stone and immortal.


So there is a simple three-fold process according to Tawil (https://sputniknews.com/20230311/how-biden-and-the-fed-caused-silicon-valley-bank-to-tank-1108298080.html), starting from depressed business:



“First off with respect to Silicon Valley, it’s indicative of the slowdown there. I think in the wake of a low interest rate environment being over, easy money not being so easy anymore and these startups not getting capital so easily anymore, it means that there aren’t increasing deposits into Silicon Valley Bank. In other words, if there was more money coming in, they wouldn’t have had this problem. Unfortunately these venture capital-funded companies had to take money out. They’re firing employees, they’re shrinking, they’re obviously not doing as well as they were before, their investors aren’t investing as much money. Therefore there is a general slowdown going on in Silicon Valley, and frankly it’s going on all across the country,” he said.



Making loans to the government, which is Bondage to people:


Every bank owns Treasuries; instead of having the money sitting in cash they want it to earn some form of return, but unfortunately it’s not earning as much of a return as if you’d put the money in to work today. Therefore, the Treasuries you bought six months ago or 12 months ago are worth less today. You’ve lost as a bank on that investment."
"That is an additional theme that we need to think about, which is – the Fed raising rates has knock-on effects not only on people who are borrowing money today but for people who went ahead and lent money at lower rates months ago,” Tawil stressed.


Cranking a notch makes some of them change plans from this gentle push (https://sputniknews.com/20230312/second-largest-bank-collapse-in-us-history-what-happened-to-svb-and-what-comes-next-1108312203.html):


On Wednesday, after reporting $1.8 billion in losses in its Treasuries and mortgage-backed securities holdings, the bank announced plans to raise $2.25 billion in capital via a share sale, prompting venture capital firms to urge clients to get their money out, and customers rushing the bank, causing stock prices to plummet. Within hours, a rattled stock market began a selloff, and major banks including JPMorgan, Bank of America, Wells Fargo and Citigroup saw over $52 billion shaved off their market value.



This was a big, good legal standing, established business just a few days ago, forced to revise the anticipation of Treasuries being a good investment. In this day, you have, approximately no time to make a sudden change, and then there is a run until there is no cash left, and then anyone left missing more than $250,000 will probably be stuck with an empty bag.

Magically, for the next go, $25B mysteriously appears to do some patchwork.

Understandably, some foresighted countries started reducing their holdings of US Treasuries about a decade ago.

This is a good new opportunity for Biden's administration to do its job well, which is to talk in circles. Difference made will be nothing. So far this has worked quite well since the early 1900s when he was still in high school. Everyone that imitated him is already dead; this is really him.


Part of the point, if a bank fails, is it his fault? Like the FTX was so messed up, you could probably be hard pressed to find a legal transaction, so we would tend to say yes, that is his fault. Is it "normal" to have this dependence on Treasuries? Wouldn't it be normal to focus on investing (A) the Silicon Valley businesses and (B) sustainable policies that keep them running well? Why someone else's grandchildren's future??

Again it goes back to what used to be the Biblical principle of a "productive loan".

More recently if we go back to Clinton repealing Glass Steagall, it is not hard to find another James Bond type drama where Morgan essentially pushed Citigroup into the greatest exposure to risk, and, you see who is not around any more and who is still in a position to gobble assets.

Here, they fried number 16, which I suppose is a pretty big fish. It may not have happened if there was not a public reaction. Given the situation, I would suggest that "yes", even something that usually looks like an ordinary financial institution can cease functioning rather abruptly.

[palehorse]

It will fall like domino!
Not surprised at all, it was mean to be and we all knew that. Watch the next weeks.

[Losus4]

When a civilization falls (or suicides) then material prepping can do no more than buy a few weeks of extended survival, maybe months. In the end, vast numbers of people Will be consumed in the downfall - and for those who remain longer, life will be extremely grim in ways the world have never previously experienced.

But survival is (or ought to be) a means to an end - and there are (many) spiritual outcomes worse than physical death. There are times when physical survival comes only at the cost of spiritual survival.

For most/ nearly-all people (especially in the West), it is *spiritual* prepping that is needed most urgently.

Agreed. Physical longevity is overrated. We're immortal spiritual beings. When you've lived your best with as much honour and integrity as you could, death is nothing to fear.

[TrumanCash]

This morning -- President Biden (aka, Howdy Doody) delivered remarks on maintaining a resilient banking system and protecting our historic economic recovery. Starts at 15:40 in the video.


http://www.youtube.com/watch?v=dLVbVqqsXF8&t=3s

[TrumanCash]

Here We Go… First Republic Bank Plunges 66% in Pre-Market – Western Alliance Bank Down 62% – Customers Line Up in California!

https://www.thegatewaypundit.com/2023/03/here-we-go-first-republic-bank-plunges-66-in-pre-market-western-alliance-bank-down-62-customers-line-up-in-california/

[pyrangello]

Gold is up 44.00 an ounce at present, that means the insiders know the banks are still in trouble .

[rgray222]

Wokeness run amok

Source: https://www.dailymail.co.uk/news/article-11848705/Woke-head-risk-assessment-Silicon-Valley-Bank-accused-prioritizing-diversity-issues.html

Source: https://abc7news.com/silicon-valley-pride-festival-parade-san-jose/12176289/

https://img-9gag-fun.9cache.com/photo/a04on2q_700bwp.webp

[Bill Ryan]

(2x the world's GDP = $188 trillion... )

https://t.me/DonbassDevushka/48162 (https://t.me/DonbassDevushka/48162)

DonbassDevushka/48162

[Bill Ryan]

Light relief :ROFL:

https://t.me/UkraineHumanRightsAbuses/21973

UkraineHumanRightsAbuses/21973

:focus:

[Satori]

Light relief :ROFL:

https://t.me/UkraineHumanRightsAbuses/21973

UkraineHumanRightsAbuses/21973

:focus:

That’s it in a nutshell. Panic sets in. The run begins. Even if the panic/run is the result of a misunderstanding.

But there really is no money any more. Hasn’t been since circa 1913 (with the end to constitutional money, ie, the silver dollar) and 1932 (gold confiscation and demonetization of gold (or other species-backed) domestic legal tender). What Nixon did in circa 1973 was to make what FDR et al. did in 1932 domestically the USA’s international policy. The dollar was no longer backed by gold, but rather by oil. The Petro-dollar, so-called. That has worked out well for the USA for 50 years or so. Longer if we go back to circa 1944 with Bretton Woods.

But that is now quickly coming to an end.

[Lunesoleil]

the digital currency is breaking the mouth so if the banks do it too what will be left?
If, people have no more liquidities, how to barter?, with another barter?
Or even an exchange of service for another service?
In recent years, manual work has come out of the closets, knitting, sewing, etc., the handmade has become fashionable again, that's the future, the human skills accumulated, the know-how, the practical sense, is more useful than to accumulate diplomas that are useless, in the sense of repairing a washing machine, a broken down car, to do your garden and to harvest these fruits and vegetables ect useful things, to do something with nothing. ..

[Satori]

the digital currency this breaks the mouth so if the banks also do it what will remain?
If, people have no more liquidities, how to barter?, with another barter?
Or even an exchange of service for another service?
In recent years, manual work has come out of the closets, knitting, sewing, etc., handmade has become fashionable again, is that the future, accumulated human skills, know-how and not know-how?

Yes. “We gotta go back.” Localization. Trades, farming, ranching, individualism in decentralized, but cooperative, autonomous economies of scale.

[Lunesoleil]

:wizard:
Pensée du soir

[ExomatrixTV]

The Federal Reserve Just Made An Emergency Decision Which Will Fundamentally Change Banking In America Forever (https://endoftheamericandream.com/the-federal-reserve-just-made-an-emergency-decision-which-will-fundamentally-change-banking-in-america-forever/)



First Republic Bank Plunges 66% in Pre-Market (https://www.thegatewaypundit.com/2023/03/here-we-go-first-republic-bank-plunges-66-in-pre-market-western-alliance-bank-down-62-customers-line-up-in-california/)
Western Alliance Bank Down 62% – Customers Line Up in California (https://www.thegatewaypundit.com/2023/03/here-we-go-first-republic-bank-plunges-66-in-pre-market-western-alliance-bank-down-62-customers-line-up-in-california/)
Small Banks Are Crashing (https://www.zerohedge.com/markets/small-banks-are-crashing)
Outrageous - SVB Provided Massive Amounts of Money to Chinese Tech Ventures - Now Biden, FDIC, (https://www.thegatewaypundit.com/2023/03/outrageous-silicon-valley-bank-provided-massive-amounts-of-capital-to-chinese-tech-ventures-biden-fdic-and-federal-reverse-are-bailing-it-out-clearly-biden-is-working-for-china/)
Federal Reverse Are Bailing It Out - Clearly Biden (https://www.thegatewaypundit.com/2023/03/outrageous-silicon-valley-bank-provided-massive-amounts-of-capital-to-chinese-tech-ventures-biden-fdic-and-federal-reverse-are-bailing-it-out-clearly-biden-is-working-for-china/)
Is Working for China, NOT America (https://www.thegatewaypundit.com/2023/03/outrageous-silicon-valley-bank-provided-massive-amounts-of-capital-to-chinese-tech-ventures-biden-fdic-and-federal-reverse-are-bailing-it-out-clearly-biden-is-working-for-china/)
Massive US $620 billion ticking time bomb - FDIC (https://www.dailymail.co.uk/news/article-11852345/Americas-620-billion-ticking-time-bomb-FDIC-reveals-unrealized-losses-banks.html)
reveals 'unrealized losses' across US banks (https://www.dailymail.co.uk/news/article-11852345/Americas-620-billion-ticking-time-bomb-FDIC-reveals-unrealized-losses-banks.html)
Brown - The Looming Quadrillion Dollar (https://ellenbrown.com/2023/03/13/the-looming-quadrillion-dollar-derivatives-tsunami/)
Derivatives Tsunami (https://ellenbrown.com/2023/03/13/the-looming-quadrillion-dollar-derivatives-tsunami/)
Biden Insists 'The Banking System Is Safe' (https://www.zerohedge.com/markets/watch-live-president-biden-explains-resilience-us-banking-system)
Futures Tumble, Yields Crater, Banks Plunge (https://www.zerohedge.com/markets/futures-tumbles-banks-plunge-market-realizes-latest-bailout-insufficient)
As Market Realizes Latest Bailout Is Insufficient (https://www.zerohedge.com/markets/futures-tumbles-banks-plunge-market-realizes-latest-bailout-insufficient)
Trump blames bank failures on Biden, warns of new ‘Great Depression’ (https://www.rt.com/business/572882-trump-warns-new-great-depression/)
US dollar slides amid banking turmoil (https://www.rt.com/business/572886-us-dollar-slides-banking-turmoil/)
SVB Reportedly Paid Hefty Bonus to Employees on Day of FDIC Takeover (https://sputniknews.com/20230313/svb-reportedly-paid-hefty-bonus-to-employees-on-day-of-fdic-takeover-1108354381.html)
SVB and Signature Bank Collapses (https://sputniknews.com/20230313/svb-and-signature-bank-collapses-may-herald-recession-in-united-states-1108341197.html)
May Herald Recession in United States (https://sputniknews.com/20230313/svb-and-signature-bank-collapses-may-herald-recession-in-united-states-1108341197.html)
Blankfein Says 'Govt Actions Removed Reasons (https://www.zerohedge.com/political/blankfein-says-govt-actions-removed-reasons-bank-run-ackman-pleads-regional-banks-are)
For Bank Run' As Ackman Pleads 'Regional Banks (https://www.zerohedge.com/political/blankfein-says-govt-actions-removed-reasons-bank-run-ackman-pleads-regional-banks-are)
Are Incredible Bargain' (https://www.zerohedge.com/political/blankfein-says-govt-actions-removed-reasons-bank-run-ackman-pleads-regional-banks-are)
Schiff - Fed Launches 'QE Extra Lite’ (https://www.zerohedge.com/markets/schiff-federal-reserve-launches-qe-extra-lite-bail-out-banks)
To Bail Out Banks (https://www.zerohedge.com/markets/schiff-federal-reserve-launches-qe-extra-lite-bail-out-banks)
Charles Schwab leads US financial sector wipeout (https://www.rt.com/business/572912-us-charles-schwab-shares-slump/)
Big Trouble In Little Banks - Bailout Sparks Buying Panic In Bonds, Bitcoin, & Bullion (https://www.zerohedge.com/markets/big-trouble-little-banks-bailout-sparks-buying-panic-bonds-bitcoin-bullion)
Trading in stocks of four banks halted at NYSE (https://tass.com/economy/1587937)
Small Banks Are Crashing (https://www.zerohedge.com/markets/small-banks-are-crashing)
Federal Home Loan Banks Raising $64 Billion (https://www.zerohedge.com/markets/federal-home-loan-banks-raising-64-billion-backstop-cash-points-surge-deposit-outflows)
Sparks Speculation Of Surge In Deposit Runs (https://www.zerohedge.com/markets/federal-home-loan-banks-raising-64-billion-backstop-cash-points-surge-deposit-outflows)

[pyrangello]

So nobody has even mentioned moving your money to your local credit union. Here in the states credit unions are everywhere and are managed under a smaller scale with less rules than a conventional bank. Credit unions are often geared towards the local community with more detailed scrutiny on who they decide to lend to. Thus less risk .Comments ?

I was just reading an article where one of the top executives at SVB has a nice resume of creditials , job history was management in Enron, management of Lehman and now management in SBV. And that this guy was put there by design. They say the eyes are a snapshot of your soul, this guys look has no soul. I'll post the link in a bit.

Also was listening to a podcast of cliff high where he says in May the shtf and continues on all summer, this is just an appetizer of things to come. He gives a month by month perspective in detail and this is going to be a bumpy ride to say the least, cash, food stored, any precious metal, and minimal debt are some of the goals to get too. That's not always easy for many but we do what we can , main thrust of his mantra from what I interpreted is we have until May before everything starts to boil and we watch those who are in charge start the meltdown process of the system and themselves ,will be a hell of a show.

For many who live a very simple and conservative lifestyle you will be just a spectator watching things unfold, stock up on popcorn.if your living on the edge right now beyond your means I would suggest you re evaluate and downsize as fast as you can . I've Been hearing for months now July is when things are going to be in the danger zone for commerce.

I'm not writing this to make anybody panic or live in fear. Will all get thru this , it just depends how comfortable or unfortable it will be. I can tell you from experience, back in the 80's I started a company with 100.00, in 12 years time grew it to over 8 mil in sales, then the moon's were aligned in very wrong direction in 1 year and I lost it all, went from making big money to having just 500.00 in my pocket , no job and no place to live. Kept telling myself it will get better one day , and it did but what a ride that was and it took a few years. I look back on those times now being 60. Yes I would have made some different decisions but after having so much and losing it all I realized what I lost wasn't that important, it was all the things that when we leave this earth you can't take with you anyways. And what is the most important are everything money can't buy. I will say it again, do not live in fear, do what you can, vent or ask questions here on Avalon, we will all get thru this.

One final note , my grandmother who is gone now , miss her too much. Told me a story when the depression hit ( fyi cliff high defined depression as the slowing down of money/commerce as a depressed state ) SHE said , her and my grandfather had $1000.00 in the bank. When the depression hit the bank president took off with all the money including theirs. She said it took 6 months to get 1/2 of the money back and they never did get the remaining 500.00. Sounds like history is about to repeat itself.

[Isserley]

AmazingPollyOriginal/1652

[Rizotto]

Interesting and concise (8 minutes) analysis by Kim Iversen. SVB was in a good situation, but was suddenly confronted with requests for withdrawals, too numerous to handle. The Feds could have provided the cash to SVB, but instead required it to shut down, its assets taken over by bigger banks. It all looks too much like a scheme devised to centralize the banking system, and implement CBDC.

"The Collapse Of Silicon Valley Bank Is Meant To Control Big Tech and Usher In CBDC"

http://www.youtube.com/watch?v=DUBKdzG5vcY

CBDC would be a disaster, the end of whatever freedom we may have left. How do we stop this...

[ExomatrixTV]

Interesting and concise (8 minutes) analysis by Kim Iversen. SVB was in a good situation, but was suddenly confronted with requests for withdrawals, too numerous to handle. The Feds could have provided the cash to SVB, but instead required it to shut down, its assets taken over by bigger banks. It all looks too much like a scheme devised to centralize the banking system, and implement CBDC.

"The Collapse Of Silicon Valley Bank Is Meant To Control Big Tech and Usher In CBDC"

http://www.youtube.com/watch?v=DUBKdzG5vcY

CBDC would be a disaster, the end of whatever freedom we may have left. How do we stop this...




Biggest Threat To Financial Freedom is CBDC (https://projectavalon.net/forum4/showthread.php?120026-Biggest-Threat-To-Financial-Freedom-is-CBDC) :dog:

[grapevine]

INTERVIEW: After the collapse of the SVB bank is Zelensky the next to fall?

Garland Nixon joins George Galloway in an interesting discussion about the collapse of SVB and also touches on other current affairs, including the war in Ukraine and China's brokering of the Saudi/Syria deal.


http://www.youtube.com/watch?v=2NLmHg4qM1o&ab_channel=GeorgeGalloway

[Gwin Ru]

...

... errr... cough-cough...


50587

[pyrangello]

There are no co-incidences are there- ponder this guy working there , he's got alot of experience!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!-

WEF Insider Admits Silicon Valley Bank Crash Is a ‘Great Reset Scam’

https://newspunch.com/wef-insider-admits-silicon-valley-bank-crash-is-a-great-reset-scam/

Do you know where Joseph Gentile worked before he was at Silicon Valley Bank? He was the chief financial officer at Lehmann Brothers, which was the largest bank to crash in US history.

That’s one hell of a coincidence… but it gets even worse. Where do you think he worked before Lehmann Brothers?

Do you remember a company named Enron? Enron was an energy company based in Houston Texas and a Wall Street darling in the 90s. Do you remember Enron getting shut down in late 2001? Enron was the biggest bankruptcy in US history and the biggest audit failure. The founder and CEO were sentenced to 24 years in prison.

It just so happens Joseph Gentile was at the helm of all three companies before they went to the wall. And unlike his colleagues, he has never faced justice. The mainstream media want you to believe that this is just a coincidence. But there are no coincidences.

[ExomatrixTV]

Breaking! The Great Collapse Continues As More Banks Warn Of Failure:

J9EGjAluvV0
"Credit Suisse is just the latest bank warning of structural collapse as the orchestrated financial slide continues. The Biden administration is saying it's not a bailout but what would you call it when the government steps in to pay off deposits? And why didn't the government save FTX depositors?

[ExomatrixTV]

Banking Meltdown – 2008 Crisis All Over Again?

https://sp.rmbl.ws/s8/2/W/9/s/H/W9sHi.gaa.rec.mp4


source (https://rumble.com/v2d3tyo-banking-meltdown-2008-crisis-all-over-again-090-stay-free-with-russell-bran.html)

[ExomatrixTV]

Bank Seizures Were An Attack On Crypto:

BfUJnKFacNU

[Franny]

Well, well! Biden says his team was aware of the collapse last week. Even better, the feds alerted Israel last week that SVB was collapsing so they could get their money out. And more...

J9EGjAluvV0

[shaberon]

Let's give an I-told-you-so-at-Davos-2020 to this billionaire hedge fund manager (https://sputniknews.com/20230314/american-capitalism-breaking-down-before-our-eyes-us-billionaire-says-1108401138.html):


“The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Griffin told a major British business journal during an interview on Monday.


Now that is good that some of you caught the re-positioning of the same soulless individual who was in a similar office when Lehman decided to gargle on barbed wire around 2008. That is suspicious. That is definitely very suspicious. Would you want to hire such an individual? Isn't your career theoretically crushed in a tidal wave of shame and disgrace to all your peers and colleagues? I guess it doesn't work that way, since, obviously, it doesn't work at all.

While he was in the office, not everyone else was. Let's have a refresher for our behind-the-times billionaire, because, when you hire employees, you are staffing your needs with negligence (https://sputniknews.com/20230313/how-wokeness-and-negligence-sank-silicon-valley-bank-amid-global-perfect-storm-1108349680.html):


...the Federal Reserves' rate hikes policy was adopted in March 2022 and obviously did not come as a bolt from the blue for the SVB. Clouds have been gathering on the bank's horizon for quite a while, prompting the question as to what the financial institution's risk management had been busy with all that time.

While the world economy has been experiencing a perfect storm, the California-based bank's leadership appeared to be focused on something more important than financial security, i.e. promoting a "culture of inclusion" and creating "equity in hiring, performance management, benefits, supplier diversity, donations and volunteering."

To keep everyone ensured that the equity process is going on, the bank reported its "workforce diversity metrics" to its employees and board, and annually published the data on its website.

To complicate matters further, the US conservative press has revealed that the SVB operated without a chief risk officer (CRO) between April 2022 and January 2023. Laura Izurieta, the bank's former head of risk, left the bank in April 2022. Somehow her position remained unfilled for nine months until when Kim Olson, formerly of Japanese bank Sumitomo Mitsui, took the reins of the risk office in January.

Meanwhile, on the other side of the pond, Jay Ersapah, the UK-based head of financial risk management for SVB in Europe, Africa and the Middle East, seemed distracted by her own agenda, pushing ahead with a vast variety of LGBTQ initiatives including a month-long pride campaign and a new blog raising mental health awareness for queer youth. She also served as director for Diversity Role Models and volunteered as a mentor for migrant leaders.

Nine months ago, SVB released a corporate video featuring Ersapah who said that she "could not be prouder" to work for the bank serving "underrepresented entrepreneurs." All this at the time that no CRO was present at the California office and Ersapah, theoretically, should have been watching closely how the Fed's aggressive hikes were eating away at long-term bonds the bank relied on and sucking the life from the world's major currencies.


Chiming in is one of those brutes who pulled the plug from Black Rock over their Green Nazi obsession:


Florida Governor Ron DeSantis, who is rumored by the US press to kick off an unofficial presidential campaign, blamed the SVB collapse on the controversial "woke" culture. "This bank, they’re so concerned with DEI [diversity, equity, and inclusion] and politics and all kinds of stuff. I think that really diverted from them focusing on their core mission," DeSantis told a US broadcaster.


That may be just his opinion, but, let's say it just created reality for thirty million rich, powerful individuals. Florida is going to vomit green until you will need to rename the Sargasso Sea. This is environmentally-impacting. Most large financial institutions are, in fact, so disgusting, that the cure alone would make anyone feel suicidal. It was only several months ago that only 19/50 states scraped off that barnacle! And now here we are, still thinking this kind of Capitalism is going to "work" despite the repeated death knells, and, a good look from SVB about what goes on "at work".



This is a bit of a sensationalized headline:

Charles Schwab leads US financial sector wipeout


for:

The firm’s stock dropped over 20% as fears of a banking crisis mounted



Derivatives (https://ellenbrown.com/2023/03/13/the-looming-quadrillion-dollar-derivatives-tsunami/) by Ellen Brown is very sensible:



Technically, the cutoff for SIFIs is $250 billion in assets. However, the reason they are called “systemically important” is not their asset size but the fact that their failure could bring down the whole financial system. That designation comes chiefly from their exposure to derivatives, the global casino that is so highly interconnected that it is a “house of cards.” Pull out one card and the whole house collapses. SVB held $27.7 billion in derivatives, no small sum, but it is only .05% of the $55,387 billion ($55.387 trillion) held by JPMorgan, the largest U.S. derivatives bank.

...the FDIC fund is sufficient to cover only about 2% of the $9.6 trillion in U.S. insured deposits. A nationwide crisis triggering bank runs across the country, as happened in the early 1930s, would wipe out the fund. Today, some financial pundits are predicting a crisis of that magnitude in the quadrillion dollar-plus derivatives market, due to rapidly rising interest rates.

As of the third quarter of 2022, according to the “Quarterly Report on Bank Trading and Derivatives Activities” of the Office of the Comptroller of the Currency (the federal bank regulator), a total of 1,211 insured U.S. national and state commercial banks and savings associations held derivatives, but 88.6% of these were concentrated in only four large banks: J.P. Morgan Chase ($54.3 trillion), Goldman Sachs ($51 trillion), Citibank ($46 trillion), Bank of America ($21.6 trillion), followed by Wells Fargo ($12.2 trillion).


The article goes on to explain how "shadow banks" that almost exclusively handle these paper debts and bets have "super-priority" if anything attached to them enters bankruptcy. In other words, if your employer suddenly closed one day, your final pay would go to them.


I don't think she said anything about Deutsche Bank, that represents the U. S. alone. In total there is only about 2% of the money to cover what people believe they have in the bank. If there was a run, everything would vanish overnight. How do we suddenly replace $9T that they already own? Especially in the face of unbacked Derivatives amounting to a hundred times that amount?? Treasuries are just as much part of the problem??

I understand the patient can be kept alive by machines, but, machines require maintenance, which appears unavailable for this.

[palehorse]

before the Silicon Valley bank went under, there was rumors that a relatively big amount of money was moved out to Israhell, the amount in question is around 1 billion dollar.

ref.: https://www.timesofisrael.com/tel-aviv-shares-drop-as-svb-failure-triggers-cash-flow-concern-for-israeli-startups/


If it was true that it may be an attempt on clock down crypto, I can tell you, they will **** up only with the ones "investing" in crypto and that is pretty much what they can do. Screw them all in that case.
If people hold their keys, it is their crypto, even if all banks in the world goes under.


trying to strangle crypto to death? this is not true, who do you think was responsible for the inception of bitcoin? Nakamoto? cmon we don't need to think that much to know what it is all about.


CBDC is here folks, and it will be the only "official" crypto in your country, anything else Bitcoin/Monero/Dero/Bitcoin Gold/Ethereum/Etc.. will be considered illegal or highly controlled at some point and they will crack down on it as much as they can, the good news is: they can't stop it.

There is a theory (I call it theory because it didn't happen yet) about bitcoin, if some actor with enough resource controls 51% or more (think of a large pool of miners) of all network's hash power, he could possibly double spend that crypto, controls transactions, and so on... who could do that? people with large resource to spend like Kill Gates, Hellon Musk or institutions like WEF or a group of institutions.. that's exactly how bitcoin dies off (and any other crypto that is mined in order to generate the so called coins), because after all nobody would be interested to buy something that is compromised. period. But hey, it would cost the globalist dearly to do such a thing, are them willing to spend such huge money to destroy something?

At this point we can't trust anything that has a slightest chance of been corrupted by power.. and bitcoin can be. enough said about bitcoin.

The perfect crypto for people, for spending, NOT FOR ****ING INVESTORS, would be the one that has no financial incentives for the ones involved in using it. Again not for investors!

There is various types of digital proofs out there used in crypto, in my humble opinion the one that will succeed is the one that won't allow anyone to make profits out of it, the one that is by design non-profitable. FOR SPENDING ONLY.

That's how real financial freedom comes to the table.. we are not very far from that. The cabal are desperate.

[norman]

Edward Dowd's take on things . . . . .


Mel K & Edward Dowd | The Controlled Demolition of the Financial System by Design | 3-13-23 (https://podbay.fm/p/the-mel-k-show/e/1678748902)
35 minutes Posted Mar 13, 2023


It's pretty stark, but he says some very wealthy people took the vax and are waking up to the fact they are not IN THE CLUB . . . . things are about to get interesting. It's not just the Thai royal family who are pissed.


video version:

sIaAzcPGpaxJ/

[pueblo]

1635945741335121921

[Bill Ryan]

Three fun minutes of amusing sanity with Tucker Carlson talking to analyst Stephanie Pomboy.

Economist warns Tucker why more banks could ‘go belly up’


http://www.youtube.com/watch?v=eTWOm4c71Bs

[ExomatrixTV]

JUST IN: John Kennedy Delivers Epic Takedown Of Biden For 'Bailout' Of Silicon Valley Bank:

MhJLwDU4Oz0
Sen. John Kennedy (R-LA) slams President Biden for "bailing out" three banks, including Silicon Valley Bank, on the Senate floor.

[rgray222]

Silcon Valley Bank Gave $73 Million to Black Lives Matter. Its Explains a Lot About the Bank's Collapse |

Donations were used to fund further organizations, and a political action committee to elect woke leaders
The revelation comes after the banks were derided for being too woke and not focused enough on red flags at their companies


Woke Silicon Valley Bank donated over $73 million to Black Lives Matter-related social justice groups in the years before it collapsed, while failed Signature Bank gave $850,000, it has been revealed

A database by the conservative Claremont Institute shows that SVB donated around $73,450,000 to the movement and other social justice causes as it worked to increase its Environmental, Social and Governance rating.

Meanwhile, New York-based Signature Bank donated a total of $850,000 over several years before it failed on Sunday

It is unclear how the donations given by the banks were spent - but the Claremont Institute claimed Global Network, a BLM private organization, uses its money to fund Black Lives Matter demonstrations and contributed to the organization's political action committee focused on electing progressive leaders.

The revelation comes as the banks are derided for being too woke and not focused enough on the red flags at their companies.

Source & to read the full story: https://www.dailymail.co.uk/news/article-11863441/Silicon-Valley-Bank-donated-73-MILLION-Black-Lives-Matter.html

[norman]

Dr. Kirk Elliot, talKs to Seth Holehouse on Man In America

Streamed on: Mar 15, 9:00 pm EDT
Banking Collapse Accelerates: Are They Doing it ON PURPOSE to Force a CBDC?
https://rumble.com/v2db6mk-banking-collapse-accelerates-are-they-doing-it-on-purpose-to-force-a-cbdc.html


Among many other things, he says Joe Biden's bailout plan is really a move to directly nationalise the people's deposits in their banks.

I see a trend.

If Moderna modifies your DNA, and own the patent on that modification, who owns you ?

If the state draws up a legal protection of your deposit in a bank, who owns that money ? [ what's in the 'small print' ]

If you live entirely on welfare cheques, who owns you ?


v2apr0u/?pub=4

[pueblo]

Caveat: Totally unverified! Could well be a deep fake.

Biden discussing imminent banking collapse.

1635849828440883200

[Merkaba360]

The idea of a "non-profit" crypto not for investing is interesting. Trying to think how realistic that is and how it would work. I guess harder to get someone motivated to create the code for it and bother to maintain it.

I guess if it was only used for certain necessities, it may limit the desire of big whales to want to accumulate its tokens. Once you have enough tokens for free meals for life, what good would it be to collect more unless you are spending them for family and friends if that is allowed. If they can't be traded, it would deter investors, but could they be gifted.

I'm no economics mind, so I'm curious how such a currency would thrive if removing a lot of the attraction to it. Can anyone elaborate more on how this would work?

Would lower to middle class people want to use such a coin to support those classes , and reduce support for the games of the rich and investor class? I just awoke from a nap recently, so my thinking is probably slow. lol I'm just trying to think if we can somehow use this to support economics of need instead of greed.


As for the comments that said they saw a trend of taking ownership over our bodies by patenting DNA modified bodies, etc. Don't they have to keep the masses ignorant on these things for them to work. I mean if everyone was aware that our bodies are all owned, the populace should be able to nullify those laws. Its kind of like if say the chinese some how bought up 100% of U.S. land, it would never get that far unless we somehow didnt notice. Who would tolerate that. If they 100% owned our bodies (those who are vaxxed), wouldnt that be obvious thru the court cases and the economic games the owners are doing to profit from that. Maybe im missing something , but seems like wasted effort to legally own every human body to just ignite a revolution that now targets patenting, and thus bans the ability to patent many more things.

Without our ignorance, they have to get us to collectively agree on asinine laws. I mean, they might already own our bodies thru the birth certificate, but that would be covert and very limited in its use. Like if they overtly own our bodies, then you won't be burying loved ones, the organs are theres, etc.

[Ravenlocke]

https://twitter.com/ArthurM40330824/status/1636474577680211968

1636474577680211968

[Ravenlocke]

Too big to fail Credit Suisse

rvbejp0_zf8

[bobme]

This was all planned years ago folks. No more cash for you.

The power that is, now controls you health, and income.

absolutely no surprise at all really. If you have been doing your homework.

If not observing, and seeing what the heck is going on now,with banks,and health issues, wait another year, when this topic will seem like small potatoes to you. As far control goes.

[Casey Claar]

PuKzfVDFMO9v/

"With Silicon Valley Bank (SVB) failure and the FDIC taking it into receivership, as other major banks’ stocks drop amid reports of them selling off US Treasure holdings at a loss, ordinary bank depositors are left wondering whether they should flee to safety before things get a lot worse.

Risk analyst, former auditor, and founder of GoldSilverPros.com, Robert Kientz, returns to Liberty and Finance to explain what you need to know about this breaking crisis, and how it will play out both in the US and abroad, all with an eye to protecting your family’s financial future."


* * *


I have only listened halfway through but I am finding this talk helpful and informative.

It is 1 hour in length and worth listening to ( in my view ).

[Flash]

I read that BNP, banque nationale de Paris, is going bankrupt as well. This is a huge bank. It will ripple, as well as Credit Suisse will

[Bluegreen]

Ex-Silicon Valley Bank CEO Greg Becker Jets to Hawaii After Collapse

Chief Exit Officer


http://nypost.com/wp-content/uploads/sites/2/2023/03/NYPICHPDPICT000008360338.jpg?resize=744,496&quality=75&strip=all


The former CEO of Silicon Valley Bank who sat at the helm of the financial intuition when it collapsed was spotted sauntering in Hawaii Wednesday — as his former colleagues scramble to pick up the pieces.

Greg Becker and wife Marilyn Bautista fled to their $3.1 million Maui townhouse just days after Becker, who was CEO of SVB since 2011, left the firm, photos taken by the Daily Mail show.

Despite his change in employment status, Becker seemed unconcerned with cash as the couple enjoyed a chauffeur-driven limo ride to San Francisco Airport Monday and first-class tickets to their island paradise, the outlet reported.

The former boss sported shorts and flip-flops on a stroll through Lahaina, where his custom-designed two-story home lies within a gated community outfitted with a tennis court, three surf breaks, three swimming pools and a clubhouse.

Published 16th March 16 2023 by Katherine Donlevy – NY Post
https://nypost.com/2023/03/16/ex-svb-ceo-greg-becker-jets-to-hawaii-after-collapse/

[shaberon]

...as other major banks’ stocks drop amid reports of them selling off US Treasure holdings at a loss...


China is currently doing this in bulk as well.

I personally do not know of an easy way to see who is buying them.

In the case of China I would think they have the option of simply redeeming some of it. But that would not seem to be the case in a fire sale dumping a de-valuing product perhaps even before it goes under its face value. That would be funny. But actually the problem is not that they are "worthless" entirely, but, "worth less" in return for investment. Exactly what "at a loss" is, would be very relative...


I was impressed by the fist-to-face that was "post-Covid Apocalypse" in terms of inflation. The report I saw was that inflation was 8% due to increased wages, which is uncanny, I got an 8% raise. Nobody asked me, but, I became statistically average for the first time in my life. Anyway, there are other contributing factors to inflation, 46% of which is due to corporate profits.

That is unprecedented in astronomical terms. Yes, it has always been a partial "cause" of inflation, like around 3%.

This time, it was on the heels of shuttering thousands of small businesses.

Right now it would be interesting to know who is buying up the Treasuries.

[bluestflame]

headline should be " hyper inflation incoming within about 3-4 months " as more money printed to cover bailouts

[mountain_jim]

https://twitter.com/WallStreetSilv/status/1636502605567496194?s=20

1636502605567496194


https://twitter.com/WallStreetSilv/status/1636555452040515585?s=20

1636555452040515585


https://twitter.com/WallStreetSilv/status/1636721174850699266?s=20

1636721174850699266

https://twitter.com/WallStreetSilv/status/1636616650379206659?s=20

1636616650379206659

[ExomatrixTV]

Here’s Who’s Responsible For Silicon Valley’s Bank Collapse:

Kr-UxiaGbz8
The collapse of Silicon Valley Bank and subsequent depositor rescue by the Biden administration through the FDIC has launched a firehose of finger-pointing, ass covering and general controversy. Tech industry investor David Sacks tells Jimmy that government incompetence led to the debacle, which is why government intervention was necessary to save depositors from sustaining heavy losses and possibly inspiring a run on other banks. Jimmy and Sacks discuss the history that led to SVB’s demise and the Biden administration’s subsequent actions.

[ExomatrixTV]

Breaking Scandal Around Silicon Valley Bank Bailout Could Destroy Gavin Newsom (https://en.wikipedia.org/wiki/Gavin_Newsom):

TMzFnNIcaDw
Dave Rubin of “The Rubin Report” talks to Peter Lloyd and Savanah Hernandez about the revelation that Gavin Newsom publicly advocated for the bank bailout of Silicon Valley Bank while neglecting to admit his money and some of the wineries he owned had their money in the bank; San Francisco’s reparations plan which it’s task force recommends giving $5 million to each qualifying black resident to amend for slavery; Lieutenant Governor of Minnesota Peggy Flanagan doubling down on protecting gender reassignment surgery for transgender kids and Elon Musk’s reaction; ”Morning Joe’s” Joe Scarborough and Dr. Anthony Fauci making excuses for getting so many things wrong about the COVID vaccine; Ron DeSantis’ hilarious mockery of liberals praising the efficacy of the COVID vaccine while testing positive for the virus; and much more.

[ExomatrixTV]

Banking Crime Scene - The Market Is Telling Us Something Very Bad Is Coming:

hvY5usps8oI
We now have an international banking crisis.The potential next phase is a global credit crunch, which could lead to another worldwide financial crisis, but regulators and central banks are pulling out all stops to prevent that from happening.The ructions began on Friday last week when Silicon Valley Bank was unable to satisfy its customers' demands for deposits. An old-fashioned bank run leading to collapse. New York's Signature Bank then failed over the weekend. The US federal government, the Federal Reserve and regulators then scrambled to prevent widespread bank runs across the United States.

[ozmirage]

"OUR BANKING SYSTEM IS SOUND!"
... guffaws of laughter

Since any money token NOT created by the folks who do the work or produce the goods is a SCAM (inc. cyber cons) to cheat and steal, it's no surprise that the eCONomy is collapsing. ($31 T national debt, $2.3 T in circulation, for one reason - - - and you don't want to be obligated to pay THAT debt!)

Most folks are "money mad" (believing that the abstraction of value - a money token - has intrinsic value independent of the marketplace of goods and services)... which includes "hoarding" precious metal coins (or bullion, for that matter).

Those who seek prosperity in "the reality," strive to produce surplus usable goods and services, equitably traded and enjoyed... not "make money."

Those who seek wealth in "the asylum," are ever at risk from the innumerable predators and parasites, especially from the usurers ("banksters"), whose abominable trade has plagued humanity "only" 3500 years... and proscribed by every religion (that I checked). And yet usury (earning interest) is embraced by even the most self-righteous - - - astounding.

The current eCONomy is so warped by impossible to repay debts, that the time is ripe to do another "SHTF", not unlike the combination market crash - then - world war of the first half of the twentieth century.

The problem that the instigators forgot to consider - there is no "safe" place to hide out for the duration of a nuclear conflagration that destroys modern civilization, as well as access to the depleted resources and other necessities.

Few, if any elites, can survive and prosper under raw conditions, where even money can't buy a thrill. Trying to keep warm during the protracted nuclear winter, will tax the ingenuity and skill set of the starving survivors, unaccustomed to such conditions.

"Wanna buy a used planet, CHEAP?"

[Mike Gorman]

Probably a good idea to buy some Gold, if one is able, that is: take out the bulk of your cash reserve and turn that into gold, just keep a thousand or so in the bank for essentials, Hmmmm

[ozmirage]

Probably a good idea to buy some Gold, if one is able, that is: take out the bulk of your cash reserve and turn that into gold, just keep a thousand or so in the bank for essentials, Hmmmm Terrible idea. Read "Alas Babylon" for a snippet of the aftermath of an economic collapse (post nuclear that is).
A man with a year's supply of food will outlive a man with a year's supply of money.

[Ernie Nemeth]

On a side note.

If every country in the world is in debt, who do they owe the money to?

If there is a person or persons who hold the entire world hostage, how, pray tell, did they get so much money in the first place?

There should be somewhere those responsible with bank accounts in the hundreds of trillions of dollars! And because they never seem to run out of money, and always able to lend more money, they must have unlimited funds.
So, since they are owed all the money and have even more money than that, I think it only fair to CANCEL ALL DEBT. According to their own lending habits, it should make absolutely no difference to them. They have unlimited, bottomless reserves of cash.

Where is all this money? Those that have made money lending to all the countries of the world, where is their tax returns? Which country got paid taxes by this or these obscenely rich mofos?
Let's see the receipts! And if there is nobody with a portfolio of 100 trillion dollars, and 15 trillion profit, then there must be something fishy going on, right?

Right!

Such a joke, this ponzi scheme of theirs...and that we go along with it still thinking that if only the system was revamped, changed, jubileed, bit coined, or otherwise made fair everything would be just fine. Ya, right. Think again.
Whenever you find yourself hoping that this time the monetary system will get it right, remember to ask yourself: where is the guy with the $2 trillion tax bill?

[Bruce G Charlton]

Probably a good idea to buy some Gold, if one is able, that is: take out the bulk of your cash reserve and turn that into gold, just keep a thousand or so in the bank for essentials, Hmmmm Terrible idea. Read "Alas Babylon" for a snippet of the aftermath of an economic collapse (post nuclear that is).
A man with a year's supply of food will outlive a man with a year's supply of money.

Sadly, a gang of armed thieves will outlive either of them.

[ozmirage]

Probably a good idea to buy some Gold, if one is able, that is: take out the bulk of your cash reserve and turn that into gold, just keep a thousand or so in the bank for essentials, Hmmmm Terrible idea. Read "Alas Babylon" for a snippet of the aftermath of an economic collapse (post nuclear that is).
A man with a year's supply of food will outlive a man with a year's supply of money.

Sadly, a gang of armed thieves will outlive either of them.
That assumes that the armed thieves aren't stupid predators, but wise and discerning individuals who seek to maximize their prosperity at the expense of others.
And their victims are hopelessly timid and incapable of wreaking annihilation upon predators in short order.


(IMHO, it will be rough going for mutant zombie biker gangs post-SHTF. When there aren't governments to bribe, folks won't tolerate trouble makers.)

[grapevine]

On a side note.

If every country in the world is in debt, who do they owe the money to?

If there is a person or persons who hold the entire world hostage, how, pray tell, did they get so much money in the first place?

There should be somewhere those responsible with bank accounts in the hundreds of trillions of dollars! And because they never seem to run out of money, and always able to lend more money, they must have unlimited funds.
So, since they are owed all the money and have even more money than that, I think it only fair to CANCEL ALL DEBT. According to their own lending habits, it should make absolutely no difference to them. They have unlimited, bottomless reserves of cash.

Where is all this money? Those that have made money lending to all the countries of the world, where is their tax returns? Which country got paid taxes by this or these obscenely rich mofos?
Let's see the receipts! And if there is nobody with a portfolio of 100 trillion dollars, and 15 trillion profit, then there must be something fishy going on, right?

Right!

Such a joke, this ponzi scheme of theirs...and that we go along with it still thinking that if only the system was revamped, changed, jubileed, bit coined, or otherwise made fair everything would be just fine. Ya, right. Think again.
Whenever you find yourself hoping that this time the monetary system will get it right, remember to ask yourself: where is the guy with the $2 trillion tax bill?

Brilliant question, Ernie, and one that I've asked myself many times, although I come to it from a different angle, ie. Who do they borrow it from. . . . . and the answer must be us - they "borrow" it from us, from our pensions (you didn't think it was just Robert Maxwell did you?) and money they create without reserves. Our governments are at the forefront of just about every major scam going aren't they - and push everything through the Dutch West Indies for good measure.

Another question I used to ask myself was: "Why don't they close all the tax loopholes?"
And another: "Why don't the banks have a reciprocal arrangement and just transfer the money back when there's a scam?" It would be so easy for them.

[ozmirage]

As previously mentioned - "who lent what money ?"
Technically, no one lent any money.

In American law, only gold and silver coin "pay debt" (Art. 1. Sec. 10, USCON). Since 1933, NO MONEY has circulated - hence the declaration of the STATE OF EMERGENCY.

The "legal tender" in circulation is the federal reserve NOTE (debt - not fiat). Every FRN is borrowed, at usury, into existence, as authorized by deficit spending. See: Title 12 USC Sec 411. (CONgress has usually had deficits unless they make a mistake - like 1999-2000 - which triggered the Dot-Com Bust due to lack of "new" FRNs)

How does a worthless IOU circulate as "money"?
Every enumerated "human resource" is a "contributor" equally liable for the 31 Trillion dollar national debt. Thus those FRNs are "their notes" and must be accepted in tender in lieu of lawful money.

(Yup, good ole Socialist InSecurity was a great scam!)

If banks can go bust when the collateral asset drops in value, imagine what would happen if a substantial number of "human resources" withdraw from the socialist plantation?

HEE HEE HEE HEE

Who will bail out the bankrupt PEOPLES DEMOCRATIC SOCIALIST REPUBLIC OF AMERICA?

[ozmirage]

Addendum. Contrary to popular belief, modern banks don't loan money. They extend CREDIT, at usury.
It's not unlike credit at a grocery store. You "borrow" eggs, milk and bread, and the grocer expects future repayment in money - not eggs, milk and bread.

So when banks extend "credit" (in whatever form), it's not necessarily money, though it is traded for valuable goods and services as if it were.

Of course, usury (charging interest) has been condemned as an abomination for "only" 3500 years. But who's counting?

Modern people are "too smart" to be fooled by such an old fashioned scam... [/sarcasm]

[Ernie Nemeth]

Credit and money are one and the same, both being worthless - in real terms.

A credit of a dollar is the electronic part of the ruse, being twice removed from reality. Those credits are never represented by fiat currency as a dollar in circulation.

That's why the banks are failing. Hiding the fiat credit blip requires constant expansion of trade. The false credit blips are hidden in the transactions, changing portfolios and packaged derivatives sometimes many times a week. When trade slows, and inflation takes the steam out of the economy, those pesky blips are ever so hard to keep hidden because no one is buying enough volume to hide the toxic derivatives.

[mountain_jim]

not as deep as the preceding posts, but morbidly funny I thought

https://twitter.com/WallStreetSilv/status/1636929673522298880?s=20

1636929673522298880

[ExomatrixTV]

ANOTHER Bank Collapse! - NO WONDER WHY! - Meet the Head of Investment! 🤦🏻‍♂️

7gVJT90dF_4

[ExomatrixTV]

"We've Basically Nationalized The Banks":

SYgS_fvGmLA
Biden is blaming deregulation for bank failures. That's WRONG, according to former Fed economist Arnold Kling and investment researcher Lyn Alden.

[ExomatrixTV]

SVB Collapse + Who's Your Banker?

https://sp.rmbl.ws/s8/2/C/3/l/J/C3lJi.gaa.mp4

When big banks fail, where do we turn for financial security and economic provision? Banking experts on ‘Financial Rebellion’ share their thoughts about what we should really be concerned about. Personal finances, inflation, recession, digital currencies — all covered in this episode.


source (https://rumble.com/v2deg2k-svb-collapse-whos-your-banker.html)

[ExomatrixTV]

Sovereign State Banks:

https://sp.rmbl.ws/s8/2/o/N/H/G/oNHGi.gaa.mp4

Listen in — a discussion on World Health Organization powers, paying in cash, food sovereignty and more with Catherine Austin Fitts, Carolyn Betts and Polly Tommey. ‘Financial Rebellion’ brings viewers the latest and greatest on finance-related issues and transactions.


source (https://rumble.com/v2czhzi-sovereign-state-banks.html)

[grapevine]

Neil Oliver: Many are speculating that a final and catastrophic CRASH is coming for the banks...

http://www.youtube.com/watch?v=UcNl23qhB8A&ab_channel=GBNews

Latest from Neil Oliver 18th March 2023
Remember when we maintained a simple trust in our High Street banks? How young we were, how naïve... Many are speculating that a final and catastrophic crash is coming for the banks, and maybe it is...

[pueblo]

1636866804860481537


Mar 17, 2023 at 3:45 pm ET
Dozens of Banks May Have Risks Similar to Silicon Valley Bank, Economists Find
By Matt Grossman

Silicon Valley Bank failed after rising interest rates reduced the value of its assets and worried customers scrambled to withdraw uninsured deposits. In a new study, economists said they found 186 banks that may be prone to similar risks.

*Paywall

https://www.wsj.com/livecoverage/stock-market-news-today-03-17-2023/card/dozens-of-banks-may-have-risks-similar-to-silicon-valley-bank-economists-find-PLIFEYfTTer5HvixzEx6

[pueblo]

Aladdin is making a move...

1637039512499937286

1AiJNvKB6Ws

[shaberon]

As previously mentioned - "who lent what money ?"
Technically, no one lent any money.

In American law, only gold and silver coin "pay debt" (Art. 1. Sec. 10, USCON). Since 1933, NO MONEY has circulated - hence the declaration of the STATE OF EMERGENCY.

The "legal tender" in circulation is the federal reserve NOTE (debt - not fiat). Every FRN is borrowed, at usury, into existence, as authorized by deficit spending.


Once, when there was such a thing as Lawful Money, even then the banking industry began Fractional Reserve Lending. Its birth more or less depends on "no bank runs".

For the mere privilege of using the FRN, yes, it is a Bond, which as we see first is perpetually rolled over and never touched in principal, second, that Debt Service is the single largest line item in the annual expenditures. Defense is a technically bigger piece of the pie, but, it is not all being spent the same way, so it is not an "item".



Historically, those trillions in personal accounts probably have much to do with the Bank of Prussia and then Krupps and Thiel and a handful of old world aristocrats.

Even more historically, the near-universal definition of a Good King was that when the reign begins, there is a Jubilee, which means forgiveness of personal debt. It does not affect businesses. However in Europe around the eighth century this began to be blotted out and forgotten, and with the loss of Monarchy and certain understandings about the Bible, here we are. Anyone seriously suggesting this would be sent straight to the Ukrainian kill list.


I would tend to say the job of any government is to protect the population from unreasonable taxes as well as from the FIRE class (Finance, Insurance, and Real Estate). Well, we just received a notice that our taxes have been raised a gargantuan 52%. The land is an estate that does not really belong to us, and, unless we comply with the order, we can be forcefully removed.

The amount of related local services we have used is nothing.

[eagle0027]

On Ninos and Kerrys telegram there is a list of 173 bank failures around the world last week

[Pam]

"OUR BANKING SYSTEM IS SOUND!"
... guffaws of laughter

Since any money token NOT created by the folks who do the work or produce the goods is a SCAM (inc. cyber cons) to cheat and steal, it's no surprise that the eCONomy is collapsing. ($31 T national debt, $2.3 T in circulation, for one reason - - - and you don't want to be obligated to pay THAT debt!)

Most folks are "money mad" (believing that the abstraction of value - a money token - has intrinsic value independent of the marketplace of goods and services)... which includes "hoarding" precious metal coins (or bullion, for that matter).

Those who seek prosperity in "the reality," strive to produce surplus usable goods and services, equitably traded and enjoyed... not "make money."

Those who seek wealth in "the asylum," are ever at risk from the innumerable predators and parasites, especially from the usurers ("banksters"), whose abominable trade has plagued humanity "only" 3500 years... and proscribed by every religion (that I checked). And yet usury (earning interest) is embraced by even the most self-righteous - - - astounding.

The current eCONomy is so warped by impossible to repay debts, that the time is ripe to do another "SHTF", not unlike the combination market crash - then - world war of the first half of the twentieth century.

The problem that the instigators forgot to consider - there is no "safe" place to hide out for the duration of a nuclear conflagration that destroys modern civilization, as well as access to the depleted resources and other necessities.

Few, if any elites, can survive and prosper under raw conditions, where even money can't buy a thrill. Trying to keep warm during the protracted nuclear winter, will tax the ingenuity and skill set of the starving survivors, unaccustomed to such conditions.

"Wanna buy a used planet, CHEAP?"

I want to thank you immensely. I realize the degree of programming I have regarding "having enough" and wanting some level of perceived safety. And you have just given me a big reminder, and I even got a chuckle or two about my expectations. It's not like I didn't understand fractional banking and the whole worthlessness of the system, but their has been some fear lurking deep in the recesses. Thanks for reminding me and doing it with good humor.

[ozmirage]

What most people think about money has been carefully indoctrinated by the world's greatest propaganda ministry.

To learn that one has been fooled, may give rise to unpleasant reactions. Suffice to say, there is no such thing as "sound money." Everything about money systems, from time immemorial to the present, have been complicated scams to rob, cheat and steal, with impunity.

What's wrong with species coin (aka "sound money")?

Gold and silver bullion are scarce, and cannot grow proportionally with the marketplace. Just check history, and note how many empires fell apart once they ceased to have "fresh infusion" of money. Or note how many nations suddenly bloomed into empires once they could tap a source of "new money". (See: Spain, Portugal, England, etc). And they fell apart as fast, once the "gold mine" petered out.


FACTS, Just the facts, Ma'am.

WORLD SUPPLY OF GOLD (EST) = 6 BILLION OUNCES ($124 Billion in lawful money, as defined by the Coinage Act of 1792)
http://en.wikipedia.org/wiki/Gold
. . .
As of November 30, 2018, the US Treasury claims that there is 261,498,926 oz of gold bullion in official US Gold reserves held between Fort Knox, the US Mint at West Point, and the US Mint in Denver.
($5.060 billion)

From Federalreserve.gov (as of March 2023) : circulating medium of 2.3 trillion dollar bills, national debt of 31 trillion dollars, and a GDP of 26.2 trillion dollar bills.
Now, the federal government is currently spending $6.022 trillion, with only 2.3 trillion in circulation.

U.S. gold supply = $5.06 billion, $31 trillion debt.
See the problem?

FWIW - "fractional reserve banking" is a smokescreen buzzword used to confuse the "new patriots."
NO BANK makes a profit on money sitting in the vault. They lend it out at usury (interest). The fraction they retain is to handle clearing checks, etc. Lending out money tokens does NOT increase the amount of circulating money. Quite the opposite. It generates the need for MORE money to exist, to pay usury.

The problem was, is, and will always be USURY. . . charging interest (not just excessive interest).
It's been denounced for "only" 3500 years, and proscribed by all religions that I checked. Even ancient philosophers denigrated it.

Aristotle (384-322 BC) Formulated the Classical View Against Usury. Aristotle understood that money is sterile; it doesn't beget more money the way cows beget more cows. He knew that "Money exists not by nature but by law":

" The most hated sort (of wealth getting) and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural object of it. For money was intended to be used in exchange but not to increase at interest. And this term interest (tokos), which means the birth of money from money is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth, this is the most unnatural." (1258b, POLITICS)

" ...those who ply sordid trades, pimps and all such people, and those who lend small sums at high rates. For all these take more than they ought, and from the wrong sources. What is common to them is evidently a sordid love of gain..." (1122a, ETHICS)

Though individual contracts for usury appear benign, when you examine them all together, they represent an obligation (principal and interest) that EXCEEDS the whole set of existing money tokens. Under those conditions a portion of debtors will default and lose their pledged collateral. They may blame bad luck, but the game was rigged from the start.

NO MONEY TOKEN SYSTEM HAS EVER ALLOWED THE DEBTOR TO CREATE THE NEW MONEY NEEDED TO PAY USURY.
- - - THAT IS THE PROBLEM - - -

EXCEPTION -
...
While reading about ancient laws and usury, found an interesting theory that various tables of agricultural goods were really references to substitutions for money owed for taxes and / or usury.

https://www.monetary.org/research-articles/60-the-usury-problem-remains
“... ancient price tables, like Hammurabi’s, have been misinterpreted as price maximums [but] are really official exchange rates of commodities when used as money.”
“...by setting official prices for valuing several commodities, [it monetized] them. Thus farmers depending on their harvest to repay loans, wouldn’t be harmed by seasonal market supply changes where bringing in the harvest would normally lower the prices.”
In other words, if a farmer was in debt to a usurer, the farmer could pay the debt with his harvest instead of money - which would be beneficial if the market price had dropped for that particular item. . . or money was too scarce.

Hammurabi (c.1810 BC – c.1750 BC)
(And that remedy was quickly eradicated by subsequent pawns of the banksters)

How does that relate to the modern world?

The interest demanded by usury, or the tax demanded by government is from a finite supply of relatively scarce money tokens. Unlike living things that have natural increase, money is a dead thing. Since usury and governments require ever more money to operate, inevitably things go bad. . . as in scarce money throttling trade, triggering recessions, etc, etc.

OH, and if you thought government (or banks) were just "printing up money" (or legal tender), that's heifer dung.

FEDERAL RESERVE
https://www.federalreserve.gov/releases/h41/current/
Search report for “currency in circulation”

Currency in circulation March 8, 2023 - - - $ 2,305,971 (millions)
($2.305 trillion)

https://usdebtclock.org/
National Debt : $31.613 trillion; March 13, 2023

US Pop. 334.4 million
Currency per capita : $6,892

WHERE IS ALL THAT "MONEY" ALLEGEDLY PRINTED UP ?
Banks aren't hoarding it in their vaults. They don't earn interest unless it's in circulation.

What is being "printed up" are IOUs, denominated in money - RED INK. And if you're signed up with FICA, as a "contributor", you and yours are pledged as collateral on that impossible debt.

WAIT ! How can government incur an impossible debt?
Section 4 of the Fourteenth Amendment, declares that "The validity of the public debt of the United States, authorized by law, . . . [B]shall not be questioned."

YUP, we've been lied to, on so many levels, that we're utterly bamboozled. No politician, partisanship notwithstanding, will dare utter anything against that giant fraud.
And if you have "the number," you're an obligated party ("human resource") pledged as collateral. . . as two legged cattle.

[ozmirage]

For those who follow scripture, and have an open interest bearing bank account, you're !
Ezekiel 18:13 (If he beget a son that) Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; [B]he shall surely die; his blood shall be upon him.
If I understand this, it specifically condemns usurers as abominations who shall surely die, their blood (blame) be on them.

[New Testament references to usury are by generally by actions. For example, when Jesus whips the usurers (money changers) from the temple. Or the parable of the three servants and the hard man who wanted them to engage in usury.]

And this illustrates that the government really does "Trust in God." For as long as they only persecute enumerated "human resources" trading with usurers, no Divine Wrath will be forthcoming. They're "dead men walking."
D'Oh!


No instrumentality of the Federal Reserve banking system will open an interest bearing account for an unnumbered American - bless their hearts ! [/sarcasm]

[Ernie Nemeth]

Even the very succinct accounting in the above post obscures the essence of the message.

That's why I keep it simple. The simplicity sounds erroneous, at first glance. But in the final analysis, it cannot be refuted.


No matter what system is put in place it will always be susceptible to unfair manipulation by the unscrupulous.
Above it's stated that 'they may blame bad luck' but in fact the essence is that the system requires failures to function - in our system the number floats around 30%.
30% are the underclass that has no credit or has 'bad' credit. Just like the bell curve, it requires winners and losers to mean anything.
It seems 'fair' to us since it seems obvious. 30% of us deserve our rating.

But do 30% deserve to not partake in the modern world? Because without credit today there are many things you can't do, right?


Putting that aside, the problem isn't the money or the system. The problem is the attitude and the intention.
We should not be paid in tokens, we should be paid in goods and services. That's what we use those tokens for. Let's eliminate the middle man and go right to the source.
What would you care what money is worth if all the things you wanted to buy is what you are paid with?
Pretty hard to take an apple and somehow convince people it is really a bushel of apples. Something very easy to do with tokens.

[palehorse]

The idea of a "non-profit" crypto not for investing is interesting. Trying to think how realistic that is and how it would work. I guess harder to get someone motivated to create the code for it and bother to maintain it.

I guess if it was only used for certain necessities, it may limit the desire of big whales to want to accumulate its tokens. Once you have enough tokens for free meals for life, what good would it be to collect more unless you are spending them for family and friends if that is allowed. If they can't be traded, it would deter investors, but could they be gifted.

I'm no economics mind, so I'm curious how such a currency would thrive if removing a lot of the attraction to it. Can anyone elaborate more on how this would work?

Would lower to middle class people want to use such a coin to support those classes , and reduce support for the games of the rich and investor class? I just awoke from a nap recently, so my thinking is probably slow. lol I'm just trying to think if we can somehow use this to support economics of need instead of greed.


As for the comments that said they saw a trend of taking ownership over our bodies by patenting DNA modified bodies, etc. Don't they have to keep the masses ignorant on these things for them to work. I mean if everyone was aware that our bodies are all owned, the populace should be able to nullify those laws. Its kind of like if say the chinese some how bought up 100% of U.S. land, it would never get that far unless we somehow didnt notice. Who would tolerate that. If they 100% owned our bodies (those who are vaxxed), wouldnt that be obvious thru the court cases and the economic games the owners are doing to profit from that. Maybe im missing something , but seems like wasted effort to legally own every human body to just ignite a revolution that now targets patenting, and thus bans the ability to patent many more things.

Without our ignorance, they have to get us to collectively agree on asinine laws. I mean, they might already own our bodies thru the birth certificate, but that would be covert and very limited in its use. Like if they overtly own our bodies, then you won't be burying loved ones, the organs are theres, etc.



Hi Merkaba,

There is some projects out there like Fedmint, which is basically a protocol for self-custody on the community context, but it depends on Bitcoin blockchain to exist (lightning network if I am not wrong).

I think we are not very far from it, basically we need to watch out for other types of consensus available in the context of blockchain (see annual Consensus conference - but it is very globalism oriented, events like Anarcapulco is more grassroot sort of thing), there must be a procedure for the peers (users) of the network to reach a fundamental agreement that prove a specific data in the network has a data state, it must at least be reliable and trusted. obviously.

Consensus is relatively easy to achieve in a centralized manner, but it becomes some sort of dragon with 9 heads (hydra) in decentralized networks.

The other part about accumulation of tokens, it work the same way with fiat, some people got more money than others, they saved up more and so on, I don't think it would be wise to regulate like capping limits of tokens one should have or be allowed to spend (that is what the CBDC will do).. but since there would be NO "incentive" to mint/mine/generate the token, there would be no investors at all interested, they would stick with Bitcoins and the other ones for profitting.

The whole thing is more about education than anything else, if people do not wake up and get really aware of the situation (not only financial), nothing will ever change, let alone crypto that run on private infrastructure (called internet). This is another big question that everyone try to avoid or ignore, because there is only 1 answer and it is a disgusting one.. the internet is private and it is been that way since inception. Who owns the infra structure, the undersea cables, the sattelites, the optical fibers, antennas/towers and so on ... not us for sure. I think the focus on a crypto currency for freedom non-profitable is something, but it would only fully work when people start using more things like mesh networks.. which is moving very slowly if compared with what the bastards in power.. we are losing this race.

I started a thread with the intention to bring up ideas of what would be an ideal alternative to the CDBC that is being implemented world wide now. Here is the thread https://projectavalon.net/forum4/showthread.php?120017-Starve-the-beast-solutions

I hope to find something interesting soon, for now I don't have much more to add to this subject, I wish I could.

[Gwin Ru]

...

... 🔥🔥🔥THE END GAME; LAST ROUND With Clif High, Rafi Farber & Jean-Claude@BeyondMystic (https://rumble.com/v2dq9kc-the-end-game-last-round-with-clif-high-rafi-farber-and-jean-claudebeyondmys.html) 1:16:10

Jean-Claude@BeyondMystic
(https://rumble.com/c/BeyondMystic)Streamed on: Mar 18, 3:04 pm EDT

v2b4ty2

[mountain_jim]

https://twitter.com/CaitlinLong_/status/1637466829219045381?s=20

1637466829219045381



https://twitter.com/a1exwd/status/1637346923589009410?s=20

1637346923589009410



https://twitter.com/balajis/status/1637332411141988355?s=20

1637332411141988355


https://twitter.com/balajis/status/1637233382311735296?s=20

1637233382311735296

[ozmirage]

WARNING - indigestion may follow perusing this...
- - -
You have been warned
- - -
I will start with snippets without too much references / details, just to "warm up."

<1> The banks rule America and (most of) the planet. *(No surprise there....) The government doesn't make "regulations" for banks. Banks tell the government what to do, thus appear to be "doing something" 'bout the mess.

<2> Government will always "bail out" banks with YOUR labor and property. You agreed to it, didn't you? (See: Signature card, wherein you agreed to abide by the rules of "the Bank.") (See: "Contribution" with respect to the Federal Insurance CONTRIBUTIONS Act / SocSec - which is NOT insurance for you.)

<3> In case you weren't informed, "the Bank" refers to the conglomeration of creditors represented by their agent, the U.S. Governor of the World Bank, IMF, International bank for Reconstruction, etc (and a whole bunch of subgroups authorized by the Bretton Woods Treaty). And who shall NOT be paid by the US Gubmint, Title 22 USC Sec 286a. But shall be paid by fiduciary agent of said creditors : the Federal Reserve banks.

<4> The identity of the U.S. Governor / Executive officer is the Secretary of Treasury. And pursuant to the State of Emergency, codified in Title 12 USC Sec 95a, b, he is granted sweeping and pre-approved powers equal to the PRESIDENT OF THE U.S. (Which is how a president can emit "executive orders" without first getting Congressional authorization via law - the USCON is bypassed by the "emergency".)

<5> And some of his "rules" are in Title 26 (Income Tax), among other sections, that YOU have voluntarily agreed to abide. So there is no "right" to squawk about "constitutionality". He who consents cannot object.

We haven't had "constitutional" government since 1933. . . 90 years ago.
Didn't anyone notice or object?
Apparently not. They did "deify" Roosevelt and elected him FOUR times.


More (painful) details:
. . . .
Senate Report 93-549
https://archive.org/stream/senate-report-93-549/senate-report-93-549_djvu.txt
War and Emergency Powers Acts
United States, Senate Report 93-549 states: "That since March 09, 1933 the United States has been in a state of declared national emergency." Proclamation No. 2039 declared by President Franklin D. Roosevelt on March 9, 1933. This declared national emergency has never been revoked and has been codified into the US Code (12 U.S.C. sec. 95a and b).

"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."
FREEDOMS ... GUARANTEED BY THE CONSTITUTION ... HAVE BEEN ABRIDGED BY LAWS ... UNDER EMERGENCY RULE ...

Constitutional U.S.A. (1789 - 1933) R.I.P.

REALLY? Here's the smoking gun - - -

Sometimes they "scrub" it from the net.
http://www.law.cornell.edu/uscode/text/12/95a (“txt omitted!”)

https://law.justia.com/codes/us/2000/title12/chap2/subchapiv/sec95b (http://codes.findlaw.com/us/title-12-banks-and-banking/12-usc-sect-95.html)
Title 12 U.S. Code § 95b. The actions, regulations, rules, licenses, orders and proclamations heretofore or hereafter taken, promulgated, made, or issued by the President of the United States or the Secretary of the Treasury since March 4, 1933, pursuant to the authority conferred by section 95a of this title, ARE APPROVED AND CONFIRMED.
{Translation : the “SECRETARY OF TREASURY” -aka- U.S. Governor of the “Bank” and “Fund” - who is not paid by the US Gubmint - has been already approved to act or issue any orders, rules, etc., by the honorable U.S. Congress... FOREVER. And you “agreed to abide by the rules of the Bank” when you signed the signature card for your personal interest bearing bank account with an instrumentality of the Federal Reserve Banking system.}

https://en.wikipedia.org/wiki/Gold_Reserve_Act
The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury. It also prohibited the Treasury and financial institutions from redeeming dollar bills for gold.[WHOA - the agent of the creditor - the US Governor / Sec'y of Treasury - got all OUR gold!]

[And repudiating their obligation to redeem their IOUs with lawful money abrogated 12 USC Sec. 411, thus declaring bankruptcy.]



Title 22 USC Sec 286(a)
(d) Compensation for services
(1) No person shall be entitled to receive any salary or other compensation [B]from the United States for services as a Governor, executive director, councillor, alternate, or associate.
Compensated by the Fund
Title 22 USC 286a(d)
(2) The United States executive director of the Fund shall not be compensated by the Fund at a rate in excess of the rate provided for an individual occupying a position at level IV of the Executive Schedule under section 5315 of title 5.
{Translation: The “executive director” / U.S. governor shall be paid by the FUND, but not more than what a government drone would be paid.}

Who is the “fiscal agent” of “the FUND?”
22 USC Sec. 286d. Federal Reserve banks as depositories.
Any Federal Reserve bank which is requested to do so by the Fund or the Bank shall act as its depository or as its FISCAL AGENT, and the Board of Governors of the Federal Reserve System shall supervise and direct the carrying out of these functions by the Federal Reserve banks.
According to page 494 of the U.S. Government Manual, 1993/1994 edition:
"In addition, the Secretary (of Treasury) has many responsibilities as chief financial officer of the Government. The Secretary serves as Chairman pro tempore of the Economic Policy council and as U.S. Governor of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, and the African Development Bank."
http://www.imf.org/external/np/sec/memdir/members.aspx
(Acting) Sec’y of Treasury (2021) = Andy Baukol aka “U.S. Governor”
(Feel free to check the site for yourself and look up previous "governors" whose signatures are on all those "Federal Reserve Notes", along with the Treasurer. Don't you feel secure with a pile of those "notes" in your wallet or safe? You're the surety for them! Gubmint ain't gonna pay a dime to redeem them.)

The PRESIDENT picks the "governor" but the U.S. doesn't pay him. Who does he REALLY work for? And who really benefits from his SWEEPING POWERS pre-approved by CONgress for the duration of this "temporary" emergency?
Who is perpetrating a GIANT fraud (aka "national debt") that no one can challenge?
And guess who is paying a monstrous yearly interest bill (debt service) currently larger than the whole cost of four years of World War 2?

It's OK - according to the law, in the public record, WE CONSENTED !
:: No law imposes citizenship ::
:: No law requires enrollment into SocSec ::
:: No law requires you to trade with the enemy (usurers) and open an interest bearing account ::

[Loud stream of obscenities and vulgar language deleted]

DO NOT BELIEVE ME - GO READ THE LAW FOR YOURSELF
If I told you what you will find in the law, you wouldn't believe me. Shucks, if I went back in time to 1990, and told myself, I wouldn't believe me, either. But if you do go to the courthouse, remember to wear knee pads and "Depends" (adult diapers) ... you may fall to your knees, weeping, or pee yourself.

They "hid" it in plain sight - in the public record.
We're just too arrogant, apathetic and ignorant to bother to read it for ourselves.

{I will stop now, since many readers are suffering from blood squirting from their eyes}

[ozmirage]

ADDENDUM :=:
Things That May Make You Pee Yourself

Like most Americans, I had no clue as to the facts of our demise, having only been exposed to what I was "allowed" to know, thanks to the World's Greatest Propaganda Ministry bar none.
Only after READING LAW for myself, did I learn the truth.

So, you’re thinking, “What fact would make one pee oneself?”
Discovering shocking facts - many many shocking facts.
Discovering the lies we all have been indoctrinated to believe.
...
[] Governments instituted to secure rights cannot tax rights - only privileges they bestow. So what privileges did government grant that makes us liable to pay taxes to live, travel, work, buy, sell, own land and a house, enter occupations, run a business, own a car, own a gun, and so on?
[] All land is NOT real estate. Private property and real estate are mutually exclusive.
[] Dollar bills (paper) are not dollars (coin)
[] Legal tender is not lawful money
[] The public debt can never be repaid
[] The debt, denominated in dollars (gold coin) cannot be repaid with dollar bills (debt that’s part of the national debt). A minus added to a minus is more minus.
[] There is no law that compels one to enroll in FICA / Social Security before one can live or work in the USA.
[] No one born in the 50 united States was born within the jurisdiction of the “United States” nor was U.S. citizenship imposed on them. (Mandatory civic duties would mean they were born “slaves”)
[] Americans are endowed with the birthright of sovereignty, freedom and independence - and are swiftly tricked into signing it all away.
[] Americans were tricked into leaving the republican form of government and transferring to the socialist democratic form of government.
[] Americans were tricked into becoming servants to the servant government.
[] Via FICA, participants diminish to paupers at law, and status criminals, guilty until proven innocent.
[] Via FICA, Americans have become collateral on an impossible public debt, eternally enslaved to the creditors of the United States government.
[] Via FICA, recipients will never ever vote against increasing their own benefit, no matter what it costs the nation, nor support any candidate that will diminish their bribes.
[] A legal residence is not a legal home (domicile) but a transient abode, and residents are redefined to be synonymous with vagabonds - an excepted class - and status criminals.
[] Every president and congress, since 1933, has been socialist / collectivist and co-conspirators in the wholesale robbery of the American people. (Even Ronny Reagan was a left winger! Ditto for Orange Man.)
[] Capitulation of the U.S. government to foreign usurers (international financial powers).
[] Capitulation of religious institutions to usurers, despite all scriptures condemning usury.
[] The Secretary of Treasury is the U.S. governor of the World Bank, IMF, and other financial institutions (usurers), and by law, shall not be paid by the U.S. government. (*Which means he doesn’t work for America - or at the least - has a conflict of interest!)
[] Confiscation of all privately held gold money, and the criminalization of the ownership of lawful money by “free” Americans (1933 - 1975).
[] Counterfeiting the fractional coin of America, but only after reducing the penalty for counterfeiting in 1965 (Just in case the people indicted the administration and CONGRESS!)
[] Transformation of the American military from a force to secure American liberty to an international mercenary force to protect the socialist-usurer alliance that rules the planet.
[] Every monument named after a socialist politician post-1933 is an insult to the founding generation and the sacrifices they made to endow their posterity with sovereignty, freedom and independence.
[] Worst of all, Americans have been tricked into giving consent to all this, so that the servant government can remain blameless. A host of interlocking self interest groups have thus conspired together to make it easy to become corrupted and perverted. And that’s enough to fill anyone’s diaper to the max.

And now, our only remedy is to withdraw consent, restore our status, and correct the record, where possible. After that hurdle, American nationals / American sovereigns have to endeavor to preserve the republican form and the perpetual union of 50 states, created to secure our rights. For if the union is dissolved by a civil war between socialist and usurer factions, the results will not be pleasant nor beneficial to the survivors. All this will take investigation, education and self-realization that without our consent, they cannot rule us. And by law, they have no power over us, without our consent.

[ozmirage]

Another "episode" of "how the nation was 'bleeped' " - - -
From John Nelson - - -
http://usa-the-republic.com/emergency%20powers/United%20States%20Bankrupt.html
Excerpt:
At the signing of the Coinage Act on July 23, 1965, then President Lyndon B. Johnson stated in his Press Release that:
"When I have signed this bill before me, we will have made the first fundamental change in our coinage in 173 years. The Coinage Act of 1965 supersedes the Act of 1792. And that Act had the title: An Act Establishing a Mint and Regulating the Coinage of the United States...."
"Now I will sign this bill to make the first change in our coinage system since the 18th Century. To those members of Congress, who are here on this historic occasion, I want to assure you that in making this change from the 18th Century we have no idea of returning to it."
With the enactment of that act, the Congress and president p!ssed on the U.S. Constitution. It is important to take cognizance of the fact that NO Constitutional Amendment was ever obtained to FUNDAMENTALLY CHANGE, amend, abridge or abolish the Constitutional mandates, provisions or prohibitions of Art. 1, Sec. 8 and Sec. 10, wherein Congress is delegated power to coin money (stamp bullion), and States are prohibited from accepting anything but gold and silver coin as tender in payment of debt.

The eradication of constitutional lawful money was just another in a long line of actions under “emergency rules”.

(LBJ was aspiring to achieve the sainthood of FDR, in the Collectivist Pantheon)

FYI : The Coinage Act of 1965 initiated counterfeit fraction coins (non-silver). Ironically, the Congress reduced the penalty for counterfeiting - just in case the sheeple rose up and had them prosecuted.

Coinage Act of 1792, SEC. 19.
“And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be DEBASED or made worse as to the proportion of fine gold or fine silver therein contained, or shall be of less weight or value than the same ought to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who shall be employed at the said mint, for the purpose of profit or gain, or otherwise with a fraudulent intent, and if any of the said officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined, or any of the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offences, shall be deemed guilty of felony, AND SHALL SUFFER DEATH.”
Of course, the current slate of “public servants” are not at risk of capital punishment for their felonies, having changed the law in 1965.

18 U.S.C. § 485 : US Code - Section 485: Coins or bars
“Whoever falsely makes, forges, or counterfeits any coin or bar in resemblance or similitude of any coin of a denomination higher than 5 CENTS or any gold or silver bar coined or stamped at any mint or assay office of the United States, or in resemblance or similitude of any foreign gold or silver coin current in the United States or in actual use and circulation as money within the United States; or Whoever passes, utters, publishes, sells, possesses, or brings into the United States any false, forged, or counterfeit coin or bar, knowing the same to be false, forged, or counterfeit, with intent to defraud any body politic or corporate, or any person, or attempts the commission of any offense described in this paragraph - Shall be fined under this title or imprisoned not more than FIFTEEN YEARS, or both.”
What LBJ & Congress did, in 1965, rated the death penalty - so they changed the law.

NOTE the limit on denomination - 5 cents.

FIVE copper cents.

Does this explain why the "golden dollar" passed without legal notice?

The Golden Dollar Coin Featuring Sacagawea - United States Mint
https://www.usmint.gov/coins/coin-medal-programs/sacagawea-golden-dollar
The "golden" dollar= 8.1 grams in weight, 88.5% copper
{7.1685 gms. copper}

http://en.wikipedia.org/wiki/Penny_(United_States_coin)
Pennies issued before 1982: 3.11 grams of copper

5 x 3.11 gms = 15.55 gms. of copper (in five cents)
vs
8.1 gms. of copper in the 'golden dollar' coin.

THE NEW 'GOLDEN' DOLLAR CON (ahem) COIN IS A "BIG PENNY"! And squeaks by the 5 cent limit.
(Ironically, that’s close to the buying power of a current “dollar bill” versus a real dollar in 1910.)

Doff your hats to the statesmen and honorable public servants ! [/sarcasm]

[Rizotto]

Okay, so ultimately that's all about herding us into CBDC, and the end of privacy and total government control over every aspect of our life. Is there any way out of this? Is it possible for individuals from USA or Canada to connect to the BRICS system for banking purposes?

[ozmirage]

What facts support the claim that constitutional government ended in 1933?

https://mises.org/library/great-gold-robbery-1933
From 1933 forward, private possession and ownership of gold was illegal for U.S. citizens. Any refusal to return one’s gold was punishable by a fine of $10,000 and 10 years in prison. These exceptional measures were aimed at preventing the general public from storing gold.
. . .
“Free” Americans could no longer “own” constitutional money. Which meant they could no longer “pay their debts” as defined by Art. 1, Sec. 10, USCON. Thus be unable to establish that they owned PRIVATE PROPERTY, purchased with lawful money.
(Silver was demonetized in the Coinage Act of 1873.)
. . .
(On August 15, 1974, President Ford ended the forty-year ban on private gold ownership. But the government can always change its mind.)

https://en.wikipedia.org/wiki/Executive_Order_6102
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
https://www.presidency.ucsb.edu/documents/executive-order-6102-requiring-gold-coin-gold-bullion-and-gold-certificates-be-delivered
Section 2. All persons* are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion and gold certificates now owned by them. . .
(* Note : the term “person or persons” excludes the sovereign - the people - what few who didn't consent to be bankrupt socialist serfs.)

HOARDING - Act of holding and acquiring goods in short supply beyond the reasonable needs of the person so holding.
- - - Black’s Law Dictionary, Sixth Ed. P. 730

HOARD - A supply or store of something held or hidden for future use.
Owning lawful money is something held or hidden for future use - and a vile act, according to government.

From the Communist manifesto: "In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property."
Abolition occurred in 1933.

https://web.archive.org/web/20160323084334/http://bestamericangold.com/confiscation/
__"The private ownership of gold is a privilege, not a right. Congress revoked the privilege of private ownership in 1933 and restored it in 1974. Congress could easily revoke the privilege again. In fact, at no time during this century has the U.S. government recognized the right of private gold ownership. The Trading With The Enemy Act, which President Roosevelt invoked in 1933 to restrict private gold transactions, remains law. The government could reactivate the machinery, which The Trading With The Enemy Act established, to implement gold confiscation."
- - - Boston College International and Comparative Law Review 297, 320 (1982)
Congress and FDR declared that private ownership of gold was a privilege, not a right.

Welcome to the PDSRA!
The Peoples Democratic Socialist Republic of America
- sans that pesky "charter of negative liberties" (saith BHO, that "constitutional scholar" formerly in the White House, ably assisted by Chief Justice Roberts ). Your "right to life" has become a government granted privilege, as all other aspects of your life. All that is not mandatory, shall be licensed (+ taxed) or forbidden. You already need a license (or pay a tax) to live, work, travel, buy, sell, operate a business, transmit radio, fly a plane, trade in healthcare, buy medicine, cut hair, build a house, hunt, fish, marry and / or own a dog. You have to accept being groped to fly on commercial airliners. The worst is yet to come... oh, right, and when you die, they take a chunk of your estate, too.
And do not forget your papers-s-s-s-s-s-s-s-s-s-s!
{P.S. - it was all done by your consent, saith the law.}

Ironic, isn't it, to realize that staunch "anti-communists" in the many administrations were posturing, and hiding the fact that CONgress has been in harmony with the Communist Manifesto since 1933.

[ozmirage]

YES, if not now, there soon will be an eCONomic emergency, whether it's the banking system or some other excuse.
The current situation is untenable.

Americans are at the greatest risk of losing their most precious birthright, the republican form of government embodied in the Declaration of Independence.

The three principles of the Declaration that underpin American law:
1. Americans are born equal before American law, none can be born higher. Thus Americans are sovereigns, not subjects.
2. Americans are endowed with rights by their Creator, not the government, which was instituted to secure those endowed rights. (By prosecuting criminals who inflict deliberate injuries; adjudicating disputes; defending against all enemies, foreign or domestic)
3. Americans are served, not ruled, by government, unless they consent otherwise.
THE POWERS THAT BE (in all other nations, monarchies, etc) are frightened of the republican form, and have expended huge resources to ERADICATE any memory of it.
(I know this for a fact. I wrote an article on the republican form for WIKIPEDIA, and some agent in BELGIUM, put a hard link so that "republican form" would go to "republic" - forever barring access to the truth.)

If America's sovereign people prevailed, their success and prosperity would instigate revolutions world wide.

It was imperative that such a thing could not ever happen. A nation of sovereigns prospering and inciting other peoples to revolt against submission cannot be tolerated. America delenda est! (Poaching from the Latin)

American values, culture, and cohesion must be utterly destroyed. All memory of the republican form, of American individual sovereignty, and inalienable rights must be eradicated from the collective consciousness of the American people. And the mere thought that one could ABSOLUTELY own must be utterly erased.

I spent 30 years doing research, trying to find where "they" buried the truth in plain sight.
Americans were repeatedly misled to believe that :
_ _ America was a constitutional republic
_ _ America is a democracy and must make the world safe for democracy
_ _ Americans are born citizens, with mandatory civic duties, and must sign up with national socialism (FICA) to live and work in their own country
_ _ Americans were told to claim to be residents residing at residences
_ _ Dollar bills (Federal reserve NOTES) were dollars (coin), and "legal tender"
_ _ The Constitution was the supreme law of the land (and yet has been bypassed for the past 90 years - by "emergency")
_ _ Americans owe their "fair share" to the glorious Collective (uh) State.

Anyone who appeared to be supportive of the RFOG was given the "treatment" and pilloried by "revisionists". (Ex: Abe Lincoln)

You will find that any revered historical figure in American history will have been torpedoed and sunk, by the vile deceivers who seek our destruction. Worse, the vile traitors and quislings were elevated and honored, with homage paid to them... at public expense (of course).

THE BIG LIE WORKS.


BE FOREWARNED
Most of all, because of its republican form, America MUST be destroyed, erased and forgotten from history. Its name must be smeared with vile deeds and actions, so that no one will ever dare associate it with something as celestial as individual sovereignty, endowed rights and absolute ownership. (Much the same was done to the fasces, by the misnamed “fascists" who were left wing - opposed to traditional authority - not right wing - in support of traditional authority)

[ExomatrixTV]

Boom! Silicon Valley Bank has Epstein (https://projectavalon.net/forum4/showthread.php?107734-Jeffrey-Epstein-Ghislaine-Maxwell-the-whole-story-so-far) Connection (and more!):

https://sp.rmbl.ws/s8/2/y/2/U/G/y2UGi.gaa.mp4

Silicon Valley Bank is more interesting than you think. I talk tentacles! Epstein (https://projectavalon.net/forum4/showthread.php?107734-Jeffrey-Epstein-Ghislaine-Maxwell-the-whole-story-so-far), Biden (https://projectavalon.net/forum4/showthread.php?112590-Evidence-of-Biden-Family-Crimes--heavily-media-suppressed-), Peter Thiel (https://projectavalon.net/forum4/showthread.php?94562-Vanity-Fair-Magazine-Billionaire-Bilderberger-has-new-Trans-Humanist-plan-to-Vampirize-the-Energies-of-the-Young-Peter-Thiel-Wants-to-Inject-their-blood), China (https://projectavalon.net/forum4/showthread.php?111363-Turmoil-in-China) and more.


source (https://rumble.com/v2d0ntk-boom-silicon-valley-bank-has-epstein-connection-and-more.html)
banned.video/channel/Amazing-Polly-st-george (https://www.banned.video/channel/amazing-polly-st-george)
rumble.com/user/AmazingPolly (https://rumble.com/user/AmazingPolly)
twitter.com/hashtag/AmazingPolly?src=hashtag_click (https://twitter.com/hashtag/amazingpolly?src=hashtag_click)
bitchute.com/channel/ZofFQQoDoqYT (https://www.bitchute.com/channel/ZofFQQoDoqYT/)
AmazingPolly.net (https://amazingpolly.net)

[shaberon]

United States, Senate Report 93-549 states: "That since March 09, 1933 the United States has been in a state of declared national emergency." Proclamation No. 2039 declared by President Franklin D. Roosevelt on March 9, 1933. This declared national emergency has never been revoked and has been codified into the US Code (12 U.S.C. sec. 95a and b).

"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."



Yes, there was concern the office of President was becoming a dictatorship. This went rather strangely.


1976 (https://www.congress.gov/bill/94th-congress/house-bill/3884)

Terminating Existing Declared Emergencies= - States that all powers and authorities conferred by law upon the President, any other officer or employee of the Federal Government, or any department, agency, independent establishment, or any other body of the Federal Government, and all powers and authorities conferred by any Executive Order pursuant to law as a result of the existence of any national emergency in effect on the date of enactment of this Act are terminated two years from the date of such enactment.

Exempts designated provisions of law from this Act.


What was exempted? Emergency banking powers, of course.

But these were kibboshed.

1977 (https://www.congress.gov/bill/95th-congress/house-bill/7738)



Permits non-war emergency regulations in effect as of July 1, 1977, to continue for two years after the enactment of the National Emergency Act, unless the President determines that continuation of such regulations is in the national interest.



95-223 (https://www.govinfo.gov/content/pkg/STATUTE-91/pdf/STATUTE-91-Pg1625.pdf#page=2):


...the authorities conferred upon the President by section 5(b) of the Trading With the Enemy Act, which were being exercised with respect to a country on July 1, 1977, as a result of a national emergency
declared by the President before such date, may continue to be exercised
with respect to such country, except that, unless extended, the exercise
of such authorities shall terminate (subject to the savings provisions of the second sentence of section 101(a) of the National Emergencies Act) at the end of the two-year period beginning on the date
of enactment of the National Emergencies Act.


Any authority granted to the President by section
203 may be exercised to deal with any unusual and extraordinary
threat, which has its source in whole or substantial part outside the
United States, to the national security, foreign policy, or economy of
the United States, if the President declares a national emergency with
respect to such threat.


In other words, there is no such thing as an ever-extending emergency. That part is gone. No need to revoke anything. Whatever the problems we face now are not produced by such a presidential emergency. It would have to keep getting declared. I have gone through many years of Emergencies and never found this one issued again.

There could be something related to Sec. of Treasury or in some Code that preserves the Fed's modus operandi, I imagine there is, but it is severed from the famous iron fist of Roosevelt. I guess it would have to be, if Sec. Treasury is a foreign agent, he would have to be treated as such.


It is true that it is now Code, but is only gratis during war.

95-223 (https://www.govinfo.gov/content/pkg/STATUTE-91/pdf/STATUTE-91-Pg1625.pdf#page=2):


1977-Par. (1). Pub. L. 95–223, §§101(a), 102, substituted "During the time of war, the President may, through any agency that he may designate, and under such rules and regulations" for "During the time of war or during any other period of national emergency declared by the President, the President may, through any agency, that he may designate, or otherwise, and under such rules and regulations" in the provisions preceding subpar. (A), and, in the provisions following subpar. (B), struck out "; and the President may, in the manner hereinabove provided, take other and further measures not inconsistent herewith for the enforcement of the subdivision" after "control of such person".




Notes for currently omitted text (https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section95a&num=0&edition=prelim) include:


§5(b) of act Oct. 6, 1917, is also classified to section 4305(b) of Title 50, War and National Defense.

Section 95b, act Mar. 9, 1933, ch. 1, title I, §1, 48 Stat. 1 , which related to ratification of acts of President and Secretary of the Treasury, was omitted because §1 of act Mar. 9, 1933, is also set out as a note under section 4305 of Title 50, War and National Defense.


I am perhaps a bit mistaken about the declarations, for example 4305 (https://uscode.house.gov/view.xhtml?req=(title:50%20section:4305%20edition:prelim)%20OR%20(granuleid:USC-prelim-title50-section4305)&f=treesort&num=0&edition=prelim), Bush dusted such powers as applied to North Korea.


Act Mar. 9, 1933, ch. 1, title I, §1, 48 Stat. 1 , provided that: "The actions, regulations, rules, licenses, orders and proclamations heretofore or hereafter taken, promulgated, made, or issued by the President of the United States or the Secretary of the Treasury since March 4, 1933, pursuant to the authority conferred by subdivision (b) of section 5 of the act of October 6, 1917, as amended [50 U.S.C. 4305(b)], are hereby approved and confirmed."


It is, of course, available during war:


(b)(1) During the time of war, the President may, through any agency that he may designate, and under such rules and regulations as he may prescribe, by means of instructions, licenses, or otherwise-



Lacking a war, we have apparently been stepping on Cuba since 1978:

Under section 101(b) of Public Law 95–223 (91 Stat. 1625; 50 U.S.C. 4305 note), and a previous determination on September 7, 2021 (86 FR 50831, September 10, 2021), the exercise of certain authorities under the Trading With the Enemy Act is scheduled to expire on September 14, 2022.

I hereby determine that the continuation of the exercise of those authorities with respect to Cuba for 1 year is in the national interest of the United States.


I am not sure about "war" vs. "national interests". This one has been renewed over forty times and:

The Secretary of the Treasury is authorized and directed to publish this determination in the Federal Register.


So, those should at least be findable, but it isn't anything domestic. If there was a domestic equivalent, we should be able to find that too.`

Ballotopedia has a list of ongoing NEA renewals (https://ballotpedia.org/National_Emergencies_Act), which somehow missed Cuba, but there are still several.

[shaberon]

On another note, the hamburgerization of Switzerland gives us a list (https://sputniknews.com/20230320/what-happened-with-credit-suisse-and-why-is-ubs-buying-it-1108613201.html) which is most likely where most of the re-hypothecated derivatives lie:


UBS is Switzerland's biggest bank. Furthermore, it's the third largest bank in Europe. UBS is also one of the nine global "Bulge Bracket" banks. Bulge bracket banks are the world's largest multinational investment banks, serving large corporations and governments. The list includes Bank of America Merrill Lynch, Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, JPMorgan Chase, Citigroup, Morgan Stanley, and UBS.

[BluBeast]

Take a look at Jason Lowery. He just finished his MIT defense fellow thesis, published and available on Amazon, but by reading through his tweets, you'll get the idea. Bitcoin is not a USA phenomenon. It is global, fixed supply, has no trusted third party (banks), and I still haven't seen actual evidence that it was a DARPA operation. I have read through this thread and understand that Project Avalon has mixed feelings about Bitcoin. Nonetheless, it is a possible escape hatch from the global debt, petrodollar, central bank controlled world we have been backed into. Lots of great interviews with him are out there. I recommend the most recent ones, as he finally dissects the thesis for us laypeople.
https://twitter.com/JasonPLowery?s=20.

[ozmirage]

Okay, so ultimately that's all about herding us into CBDC, and the end of privacy and total government control over every aspect of our life. Is there any way out of this? Is it possible for individuals from USA or Canada to connect to the BRICS system for banking purposes?
Is there any way out?
For Canadians, nyet. They are subjects of the English monarchy.

(In the movie "Fly Away Home" a Canadian game warden tells a bunch of school children, "These are the QUEEN'S GEESE.")

For Americans, they can withdraw consent from _ _ citizenship _ _ socialism _ _ usury (banking), and restore their status at law.
There is no law that voids any endowed right, and if there was such a law, there are mechanisms that skewer enforcement of said law.
(Ex: exemptions / exclusions (i.e. "private property"), trap doors ("do not apply"), catch-22s, and substitution of terminology {"shall" becomes "may"})

ENDOWED RIGHTS
"PERSONAL LIBERTY, or the Right to enjoyment of life and liberty, is one of the fundamental or Natural Rights, which has been protected by its inclusion as a guarantee in the various constitutions, which is not derived from, or dependent on, the U.S. Constitution, which may not be submitted to a vote and may not depend on the outcome of an election. It is one of the most sacred and valuable Rights, as sacred as the Right to private property...and is regarded as inalienable."
- - - 16 Corpus Juris Secundum, Constitutional Law, Sect.202, p.987.The fundamental / natural / creator endowed rights we have include life, liberty (natural and personal), and private property ownership, all secure from any ‘democratic’ violation.

HAS ANYTHING CHANGED THE LAW?
“If all men are created equal, that is final. If they are endowed with inalienable rights, that is final. If governments derive their just powers from the consent of the governed, that is final.”
- - - Calvin Coolidge, Speech on the Anniversary of the Declaration of Independence (1926)
https://en.wikiquote.org/wiki/Calvin_Coolidge

WITHOUT CONSENT - - -
"What I do say is that no man is good enough to govern another man without that other's consent. I say this is the leading principle, the sheet-anchor of American republicanism. Our Declaration of Independence says: "We hold these truths to be self-evident: That all men are created equal; that they are endowed by their Creator with certain inalienable rights; that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed."
- - - Abraham Lincoln, Speech at Peoria, Illinois (1854)
http://en.wikiquote.org/wiki/Abraham_lincoln

From this speech, it is obvious that Mr Lincoln KNEW exactly what the republican form of government was - one in which all men were born equal (before the law) and had Creator endowed rights that governments were instituted to secure.
HOWEVER, most Americans today are kept ignorant of the consequences of "consent." For example, the end of the Declaration we find that the Founders pledged their lives, their fortunes and their sacred honor. Having pledged them, they no longer retained them. As did all citizens who followed.

Due to the Myths of American Democracy, American citizens believe that they retained endowed rights despite facts to the contrary.

To illustrate, mandatory militia duty consisted of the obligation to train, fight, and die, on command. Anyone so obligated cannot also retain a right to life and liberty. They only have PRIVILEGES.

This widespread belief in mythology underpins the false belief in “State’s Rights” and the “right to secede” (from a perpetual union). No servant government or its subject citizens have “rights.” They only have delegated powers and granted privileges.

The real beneficiaries of the Union were the sovereign people who had not consented nor were parties to the compacts. They were the only people who had "rights." Thus the “Civil War” was not about “Northern aggression” but a breach of the perpetual UNION - a union created by civil compact by subject citizens and servant governments... for the benefit of ALL AMERICANS who had not consented.

Any abuse of the democratic form, by partisan politicians or geographic rivalries, was not the fault of the republican form of government. And such abuses were not grounds to dissolve the Union created to secure the endowed rights of Americans. Regardless of what historical revisionists and apologists would like us to believe, Lincoln was right in preserving the UNION. The States and their citizenry aren't the beneficiaries of the republican form. The sovereign people are the beneficiaries.
The governments and their subject citizens are servants to the sovereign people. . . what few remained.

Under the republican form of government, the people are sovereign, absolutely owning themselves, their property, and their labor. . . unless they consent otherwise. Under the indirect democratic form of government, the consenting citizens are subjects, obligated to perform mandatory civic duties, in exchange for political liberties (voting and holding public office).

Can you recognize that an American national / non-citizen / free inhabitant domiciled upon his private property within the boundaries of the united States of America is an American sovereign?

But if you believe there is no such thing as an “American sovereign,” what is Ambrose Bierce referring to here:
.................................................................
ALIEN, n. An American sovereign in his probationary state.
- - - - “The Devil’s Dictionary” (1906), by Ambrose Bierce
(download available from gutenberg.org)
.................................................................

The unique sovereignty of Americans was once well known, and explains why Americans do not kneel nor bow to foreign monarchs (our social equals). It also explains why “common” Americans can marry foreign nobility and not violate their local laws that bar nobility from marrying commoners. (Ex: Grace Kelly)

The vulgar taunt, “Kiss my royal American @ss !” was technically and legally accurate. Americans were kings and queens, without subjects, an amazing quality once admired and envied by others, world wide.

Now, not 1 in 100,000 Americans can accurately define the republican form, its source and origin. Worse, disinformation agents keep pumping out such nonsense like "sovereign citizen" (an oxymoron) to further muddy up things.

DO NOT BELIEVE ME - GO READ THE LAW FOR YOURSELF...
The more eyes on the law, the better.

Write polite questionnaires to your public servants, judges, attorney generals, etc, and get more proof.

I have not read all law, but I have yet to find a law that trespasses upon the natural and personal liberty of the American national / free inhabitant domiciled upon private property within the boundaries of the united States of America. Every law is riddled with exceptions, catch-22s, and exclusions so that they do not “accidentally” violate the Republican Form. But this may be the last generation that enjoys the blessings of the Republican Form.


Because when the "SHTF", the first casualty will be the RFOG, so that the Peoples Democratic Socialist Republic will no longer be constrained.

[norman]

Whitney Web, Unlimited Hangout - Crypto & the SVB Banking Crisis with Marty Bent & Michael Krieger (https://podbay.fm/p/unlimited-hangout-with-whitney-webb/e/1679388957)
Posted Mar 21, 2023 {Originally published 03/17/23}

SHOW NOTES
In this episode, Whitney is joined by Marty Bent and Mike Krieger to unpack the recent collapse of Silicon Valley Bank and the financial instability that has ensued and interrogate the flimsy narratives used to justify, among other things, the SVB bail-out and the shutdown of Signature Bank.


Follow Marty on Twitter @Martybent (https://twitter.com/MartyBent), TFTC.com (https://tftc.io/), TFTC - YouTube (https://www.youtube.com/@TFTC), Rabbit Hole Recap (https://bitcointv.com/c/rhr/videos)

Follow Mike on Twitter @libertyblitz (https://twitter.com/LibertyBlitz) and LibertyBlitzkrieg.com (https://libertyblitzkrieg.com/)


https://op3.dev/e,pg=e67106b4-08a8-5edb-a6fc-cb7e96af3ca7/rssblue.com/podcasts/unlimited-hangout/crypto-and-the-svb-banking-crisis-with-marty-bent-and-michael-krieger/ep-48-marty-bent-and-michael-krieger.mp3

[ozmirage]

If you are infected with "money madness" - the belief that a money token has intrinsic value independent of the marketplace, you may be satisfied with "sound money" or "bitcons" or "cyber fraud."

However, in the history of money madness, there has never been a time that the money supply and value kept proportionality with the marketplace of goods and services. In short, those who control the money token system, control the muggles who have to pay taxes or trade with it. And if one borrowed them, at usury, one was surely at great risk.

The biggest problem with species coin is that the amount per capita drastically shrinks as the population doubles. In the USA, doubling has occurred every 50 years, so each century, the supply of gold / population has been reduced by one quarter (1/4). What seemed reasonable in the 18th century, and barely operational in the 19th century, collapsed in the 20th century.

Do the math.
http://en.wikipedia.org/wiki/Gold

World supply of gold : 6 billion ounces.
World population : 8 billion people.
6/8 = 0.75 ounces of gold per capita.
@$20 per one ounce gold coin (double eagle), that computes to $15 per capita.

If you think you run a world wide eCONomy on $15 per capita, okay.
But remember, the increase in population far outstrips the mining of new gold, so that amount per capita will keep declining.

Then there's the problem with "money madness" itself.

A few thought experiments - - -
MONEY. If YOU owned all the money in the world, would you be rich?
No.
Why?
Obviously, the world is trading their surplus goods and services without the need for YOUR MONEY. So all that money is worthless, useless and meaningless.

Poverty. If money cured poverty, let's go "all in." Give everyone 22 billion billion credits of money - so everyone is equally wealthy and no one ever "needs" more money. Of course, if no one needs more money, who will bother to work, mine, farm, transport, trade, and deliver goods and services? Even the starving children are phenomenally wealthy.

Note: for optimal results, money has to be scarce and in demand. It helps when governments require money to pay taxes.

But the fact remains, that prosperity is not based on money or wealth. Prosperity is based on the prodigious production of surplus usable goods and services, equitably traded and enjoyed.
Doing more with less so more can enjoy is superior to doing less with more so few can enjoy.
Only madmen fixate on "making money", "winning the Lotto", or marrying for money.

Still not sure?
Money is a medium of exchange to facilitate trade when barter is insufficient. It functions by passing value to a future trade.
Consider a coupon for one free MickyD burger. You tender it to the cashier, in exchange for one MickyD burger. It has "passed value" and now it is worthless and can be destroyed by the issuer.... or re-issued, and thus obligating the company to pay another burger.

But if you tendered money for the burger, the company doesn't destroy it.
So how did the money "pass value" and "retain value" at the same time?
At the end of the day, all trades are done, and the marketplace is empty, how does money "retain value"?
M.A.D.N.E.S.S.

Since there never is enough money, there is always a demand for loans. And thanks to usury, the interest charge creates a situation where not all debtors can repay their creditors. There isn't enough money. So a proportion default, and lose their pledged collateral, not realizing that the whole system was rigged from the start. (Which is what we're witnessing - the money drought - and collapse of the value of pledged collateral)

In addition to that abomination, the fact that money per capita keeps shrinking, means that trade is throttled.

In simpler terms, due to scarce money, workers can't find jobs. Merchants can't sell all they have. Factories can't find customers for all they can produce. And unemployment rises, creating more need.
I.N.S.A.N.E.

The propaganda ministry keeps us believing that gubmint "prints up money." But according to the law, CONgress only has the power to "coin money" (stamp bullion) or "borrow money." CONgress cannot create bullion. And if CONgress could create money, why would it need the power to "borrow" it?
Since 1933, only "borrowed" notes (IOUs) have circulated in lieu of lawful money (gold coin).
And those notes were repudiated in House Joint Resolution 192, June 1933, thus abrogating the terms of Title 12 USC Sec. 411, wherein all notes shall be redeemed in lawful money (gold coin) at any Fed Res bank, etc.

Obviously, no one is lending money (coin) to the CONgress. The Fed Res banks are extending CREDIT, that gubmint uses to pay its bills, but the outstanding debt is to be repaid in real dollars.

That's how there is a 31.2 Trillion dollar national debt, while the world supply of gold only amounts to $124 billion dollars, as defined by the Coinage Act of 1792.

Of course, what authorizes a Fed Res bank to issue credit?
Your consent. Your value as a "human resource" pledged as collateral.
In essence, dollar bills are people - - 334 million enumerated "contributors" (via FICA). Every deposit is a "promise" to the bearer that you will redeem "your" note with your valuable goods and or services.

FICA / Social Security.

No law compels participation and no law punishes non participants.
“The Social Security Act does not require an individual to have a Social Security Number (SSN) to live and work within the United States, nor does it require an SSN simply for the purpose of having one...”
- - - The Social Security Administration
http://home.hiwaay.net/~becraft/ScottSSNLetter.pdf
Get your own personalized letter from the SocSecAdmin . . .

Read the law for yourself . . .
SOCIAL SECURITY ACT OF 1935 FULL TEXT
https://www.ssa.gov/history/pdf/Downey%20PDFs/Social%20Security%20Act%20of%201935%20Vol%201.pdf

SocSec is 100% voluntary - and everyone who signs up underwrites the profligate public servants in DC. In exchange for your civic sacrifice, they'll give you a "benefit" (public charity) if you qualify or live long enough.
But it was always a scam from day one. It has long been law that there is no legal right to Social Security. In two important cases, Helvering v. Davis and Flemming v. Nestor, the U.S. Supreme Court ruled that Social Security taxes are simply taxes and convey no property or contractual rights to Social Security benefits.
NO TRUST FUND. NO INSURANCE FOR YOU. JUST A NEW TAX ENACTED IN THE MIDDLE OF THE GREAT DEPRESSION.

AS long as you consent, no harm - no foul.

[ozmirage]

Things that make you go, "Hmmmmmm."

The Sec'y of Treasury aka U.S. governor of the "bank" and "fund" is in charge of the department that "protects" the president [Secret Service].

Coincidence?

[Ravenlocke]

https://twitter.com/Hawkeye1745/status/1638440626415980546

1638440626415980546

[ozmirage]

United States, Senate Report 93-549 states: "That since March 09, 1933 the United States has been in a state of declared national emergency." Proclamation No. 2039 declared by President Franklin D. Roosevelt on March 9, 1933. This declared national emergency has never been revoked and has been codified into the US Code (12 U.S.C. sec. 95a and b).

"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."
...
Yes, there was concern the office of President was becoming a dictatorship. This went rather strangely.
...
So, those should at least be findable, but it isn't anything domestic. If there was a domestic equivalent, we should be able to find that too.`

In case you were unaware, the code is NOT the underlying statute. What you find in Title 12 or Title 50 are codifications of the law. Always go to the statute. And the various executive orders empowered by the Emergency.

"They" are adept at hiding things in plain sight, obscured by bafflegab and legalsleaze.

An example of the art of words - RESIDENT

From the Official Code of Georgia Annotated-
OCGA 40-2-1. As used in this chapter, the term:
(2) "Resident" means a person who has a permanent home or abode in Georgia to which, whenever he is absent, he has the intention of returning. For the purposes of this chapter, there is a rebuttable presumption that any person who, except for infrequent, brief absences, has been present in the state for 30 or more days is a resident.
--- This is a prime example of the art of legal word twisting.
Note how the phrasing sounds like the definition for domicile.

Resident = "a person" + "permanent home".

If you quickly read the section, you might presume that it means one who is in the state 30 or more days is a resident, for motor vehicle code purposes.

But if you dissect it, the meaning is just the opposite.
"A person" + "permanent home" + "present for 30 or more days" = rebuttable presumption that HE IS A RESIDENT.

In plain English, a Georgia resident is one who has a permanent home but is in the state LESS than 30 days out of a year (A transient). If one is present in the state 30 or more days out of a year, he can REBUT THE PRESUMPTION that he is a resident.

If one is NOT a resident, but has a legal and permanent home in Georgia, is he not an inhabitant (domiciled) at his permanent home?

But a "RESIDENT" has no fixed dwelling (domicile) or if he has one, is not there most of the time.

That's a VAGABOND.
VAGABOND. A vagrant or homeless wanderer without means of honest livelihood. Neering v. Illinois Cent. R. Co., 383 111. 366, 50 N.E.2d 497, 502. One who wanders from place to place, having no fixed dwelling, or, if he has one, not abiding in it; a wanderer, especially such a person who is lazy and generally worthless and without means of honest livelihood. See also Vagrant.
- - - Black's Law Dictionary, 6th ed., p. 1549

Vagabundum nuncupamus eum qui nullibi domicilium contraxit habitationis. We call him a "vagabond" who has acquired nowhere a domicile of residence.
- - - Black's Law Dictionary, 6th ed., p. 1549

VAGRANT - At common law, wandering or going about from place to place by idle person who has no lawful or visible means of support and who subsisted on CHARITY and did not work, though able to do so.... One who is apt to become a PUBLIC CHARGE through his own laziness.
- - - Black's Law Dictionary, 6th ed., p. 1549
ONLY duly registered citizens / residents can participate in FICA, and be eligible for PUBLIC CHARITY (entitlements).

WHY is this a problem ?
"The better to secure and perpetuate mutual friendship and intercourse among the people of the different states in this union, the free inhabitants of each of these states, PAUPERS, VAGABONDS and FUGITIVES from Justice EXCEPTED, shall be entitled to all privileges and immunities of free citizens in the several states; ...."
[Article IV of the Articles of Confederation (1777)]
Free inhabitants / non-residents appear to be those folks who retained their endowed rights, since they're not consenting citizens.
But anyone who is a pauper (accepting public charity), or a vagabond (transient), is EXCEPTED from protection.

STATUS CRIMINAL
"STATUS CRIME - A class of crime which consists not in proscribed action or inaction, but in the accused's having a certain personal condition or being a person of a specified character. An example of a status crime is VAGRANCY."
- - - Black's Law Dictionary, 6th ed., p.1410
A vagrant is vagabond and a pauper. And so is a “resident” by redefinition of the term to be synonymous with vagabond. Now you know why "residents" need licenses (permissions) and have to register property with their respective states.

Thanks to national socialism (FICA), all enumerated participants are "status criminals" and guilty until proven innocent (regarding status crimes). Which might explain why "the Homeless" are no longer prosecuted under the old vagrancy laws. The court itself is occupied by "vagrants" and would have to recuse itself.

Free inhabitants / sovereign people are domiciled upon private property, constitutionally protected.
Subject citizens / residents reside at a residence, subject to taxation and regulation.

Do states know the difference?
" No inhabitant of this state shall be molested in person or property ... on account of religious opinions..."
- - - Georgia Constitution, Article 1, Sec.1, Paragraph 4
If an inhabitant non-citizen does not wish to partake in the glorious socialist benefits program because of his religious beliefs, the state will not molest him or his property.
THANK YOU!
“ Citizens, protection of. All citizens of the United States, resident in this state, are hereby declared citizens of this state ; and it shall be the duty of the General Assembly to enact such laws as will protect them in the full enjoyment of the rights, privileges, and immunities due to such citizenship.”
- - - Georgia Constitution, Article 1, Sec.3, Paragraph 7
(U.S. citizens can only "reside" in a state. I have yet to find any code wherein citizens are "domiciled" in a state. A "legal residence" is not synonymous with domicile - a permanent, legal home.)

Check your own state constitution and statutes to verify that American nationals / non-citizens / free inhabitants / non-residents possess their endowed rights, liberties, powers, etc. And as such are excepted from the laws that only apply to U.S. citizens / residents / enumerated socialists / in contract with usurers for usury (interest).
You should find that the bulk of laws do not apply to the sovereign people, especially the EMERGENCY RULES that operate outside of the USCON.

The eCONomic emergency unfolding is but a part of the prosecution of the bankruptcy of the United States government, and the confiscation of wealth from the enumerated masses who are underwriting it (via FICA).

Suggested Remedy:
TL:DR version
_ _ Withdraw consent from [] citizenship [] socialism [] personal interest bearing accounts (banking, stock, insurance) [correct the record, where possible]
_ _ Establish a domicile upon private property* absolutely owned by an individual (you)
_ _ Enjoy your endowed rights, liberties, powers, etc., that are exempt from all taxation and regulation

Go "Punk Amish" - become self sufficient and prosperous. Stop spending 5 months out of the year funding the usurers and their pet government.

(* Private property and real estate are mutually exclusive. Make sure you're not following realty laws that do not apply to private property.)

[pyrangello]

So whats been being floated out there is the QFS - Quantum financial system associated with block chain and elon musk's starlink system, I'm hearing the 5g towers are being switched to work with the starlink system . The QFS will be backed by gold and have its own currency per country. I saw a video of the new currency . This system looks to implemented soon. Just as all the countries overseas are now seeing that our current system is backed by a sailors fart -poof! . Thats how they bailed out all these banks, press a button and poof! another fart ---------------- You think the fed CBDC will be backed by gold , lol, another fart-poof! This is exactly why more and more countries are turning to the BRICS, all backed by gold. 2 days ago 40 of the african countries leaders met with Putin , When the countries overseas stop by US treasuries thats the end of the road baby . All who are talking about the QFS are saying that the banks and stock market have to crash before this goes into effect. When they do crash there will be a set of days 10 days plus where no banking will be done at all, no credit cards, no atm just whoever has cash. Once the system is reset then the QFS goes up and running, will all have a certain amount of time here in the states to exchange the IOU federal reserve currency for a QFS dollar backed by gold.

If you have any money in the banks I suggest moving it to a credit union , try and keep some cash at home and food just to get thru the transition period. Nothing to be afraid of , it needs to happen. The banking system is so corrupt, look at all the corruption at that SVB bank 73 million to black lives matter, rumors of money being funneled thru their for Epstein's child trafficking, today I heard on a podcast there was money laundering thru this for drugs like fentanyl. Dont know whats true but as the bank closed where did the CEO go, not to jail but to his vacation home of 3.5 million dollars in Hawaii! Ah what a like to be a banker that is untouchable , and then there's lazer focused Biden that those responsible will be held accountable , as joe says " C'MON MAN!!!!!!!!!!!! LOL.

[ExomatrixTV]

CBDCs | General Flynn Rewind (February 13th 2022) | "It's a Controlled Financial Collapse. I Think We Are Going to See Inflation Rates Hit 7%. More Controls By the Federal Reserve. We Are Going to See More Emergency Orders (https://rumble.com/v2ebtzy-cbdcs-general-flynn-rewind-february-13th-2022-.html)"

- General Flynn

[ExomatrixTV]

Edward Dowd: Fed Raising Rates Would Be a Willful Demolition of the Banking System:

641cdd412841f35bbae38e54

[ExomatrixTV]

Neil Oliver: Many Are Speculating That A Final And Catastrophic Crash Is Coming For The Banks...

UcNl23qhB8A

[ExomatrixTV]

This Is The Sequel To 2008, And Like All Sequels, It's Gonna Be Worse:

oqeJOaBpUSg
Peter Schiff and Dan Ball discuss the current financial crisis and impending bank system collapse. Recorded 3/21/2023 on OAN's Real America.

[norman]

I found this HERE (https://dimartinobooth.substack.com/p/too-small-to-not-fail-history), on my travels.

https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2dc3af83-10cb-45da-b6cd-3872b273e00f_1200x640.jpeg

[Bill Ryan]

Most of this 25 minute Duran video is all about Deutsche Bank. Unlike Credit Suisse, DB is a cornerstone of the EU banking system. Alexander Mercouris is careful in what he speculates, but argues that it's entirely possible that DB is next, in which case the EU will have zero other choice than to bail it out.

If so, that might save DB, but then smaller banks in Germany (and other countries in the EU, notably Italy) might start to fail. Mercouris points out that Monday/ tomorrow morning will be crucial, inasmuch as a widespread loss of confidence in DB may or may not start to appear.


http://www.youtube.com/watch?v=NPr77FCCxS8

[Brigantia]

Most of this 25 minute Duran video is all about Deutsche Bank. Unlike Credit Suisse, DB is a cornerstone of the EU banking system. Alexander Mercouris is careful in what he speculates, but argues that it's entirely possible that DB is next, in which case the EU will have zero other choice than to bail it out.

If so, that might save DB, but then smaller banks in Germany (and other countries in the EU, notably Italy) might start to fail. Mercouris points out that Monday/ tomorrow morning will be crucial, inasmuch as a widespread loss of confidence in DB may or may not start to appear.

I watched that, it was very informative; I think they're spot on, the sharks will survive and the minnows will not.

I remember 2008 very well and the chaos thanks to Lehman Brothers, or whoever the hidden hand was behind that. Later in 2013, as a consequence of the global effects of that, the government of Cyprus seized the money in bank accounts that held over 100,000 euros; anything over 100,000 was taken by the government. I spoke to someone there who was involved with a charity and all the charity's assets in their bank account over 100,000 were seized.

In Britain, everyone is compensated up to £85,000 (£170,000 if jointly held) per bank if their money is held in a bank that goes bust. I'm not that rich but for anyone who is, best to start spreading your assets around, or get it out of banks altogether.

[ozmirage]

So whats been being floated out there is the QFS - Quantum financial system associated with block chain and elon musk's starlink system, I'm hearing the 5g towers are being switched to work with the starlink system . The QFS will be backed by gold and have its own currency per country. I saw a video of the new currency . This system looks to implemented soon. Just as all the countries overseas are now seeing that our current system is backed by a sailors fart -poof! . Thats how they bailed out all these banks, press a button and poof! another fart ---------------- You think the fed CBDC will be backed by gold , lol, another fart-poof! This is exactly why more and more countries are turning to the BRICS, all backed by gold. 2 days ago 40 of the african countries leaders met with Putin , When the countries overseas stop by US treasuries thats the end of the road baby . All who are talking about the QFS are saying that the banks and stock market have to crash before this goes into effect. When they do crash there will be a set of days 10 days plus where no banking will be done at all, no credit cards, no atm just whoever has cash. Once the system is reset then the QFS goes up and running, will all have a certain amount of time here in the states to exchange the IOU federal reserve currency for a QFS dollar backed by gold.

If you have any money in the banks I suggest moving it to a credit union , try and keep some cash at home and food just to get thru the transition period. Nothing to be afraid of , it needs to happen. The banking system is so corrupt, look at all the corruption at that SVB bank 73 million to black lives matter, rumors of money being funneled thru their for Epstein's child trafficking, today I heard on a podcast there was money laundering thru this for drugs like fentanyl. Dont know whats true but as the bank closed where did the CEO go, not to jail but to his vacation home of 3.5 million dollars in Hawaii! Ah what a like to be a banker that is untouchable , and then there's lazer focused Biden that those responsible will be held accountable , as joe says " C'MON MAN!!!!!!!!!!!! LOL.
Any talking head extolling the virtues of a "gold backed currency" is shilling for the banksters.
- - -
http://en.wikipedia.org/wiki/Gold

World supply of gold : 6 billion ounces.
World population : 8 billion people.
6/8 = 0.75 ounces of gold per capita.
@$20 per one ounce gold coin (double eagle), that computes to $15 per capita.

If you think you run a world wide eCONomy on $15 per capita, okay.
But remember, the increase in population far outstrips the mining of new gold, so that amount per capita will keep declining.
= = = = =
Moving federal reserve notes from commercial banks to credit unions is like moving from steerage to first class ON THE TITANIC.
Doesn't matter where you bunk the cash, it's all bogus.

Title 12 USC Sec 411 defines "dollar bills" as OBLIGATIONS (DEBT). In 1933, CONgress repudiated redeeming their notes with lawful money (gold coin) in House Joint Resolution 192, June 1933, and again in the Gold Reserve Act of 1934.

The "NOTES" have NO value:
http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
". . .Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
- - - -
Ask CONgress to explain how they snagged all YOUR LABOR and PROPERTY to underwrite their kited checks.
Aren't they obligated to pay just compensation for the "taking" of private property? [5th amendment]
Or did they merely abolish private property (in harmony with the communist manifesto)?
Or did you DONATE yourself and your property to the State, via FICA?

Oh, you didn't read the fine print, did you?
Tsk, tsk, tsk.

[Ernie Nemeth]

You can't eat gold or fiat currency...

I think we've forgotten the entire reason we have a diverse economy.

Modern farming allowed massive increase in productivity, freeing a large portion of the population to engage in activities other than subsistence farming.

The only problem is the masses were fleeced of that value. To this day, the underclass underwrites every transaction with their sweat equity, receiving pennies on the dollar for their service.

The wealth producers of the world, the salt of the earth types, have had their efforts stolen from them and they are none the wiser for it, as intended.

All the rest is just chaff in comparison to this fact.

Somehow, 'Get a life' turned into 'get a job' while the underclass was distracted trying to make ends meet.

And we churn out useless degreed young folk from universities that will never produce a single dollar of wealth their entire jobs...er, I mean lives.

[ExomatrixTV]

1640338974462943232
1640341475925069824

[ExomatrixTV]

The Fed’s “New” Function of Money: Complete Control (https://www.activistpost.com/2023/03/the-feds-new-function-of-money-complete-control.html)

[onawah]

Why Crashing Banks Will Usher in Digital Currency
by Dr. Joseph Mercola
March 27, 2023
https://articles.mercola.com/sites/articles/archive/2023/03/27/why-crashing-banks-will-usher-digital-currency.aspx?ui=8d3c7e22a03f5300d2e3338a0f080d2da3add85bca35e09236649153e4675f72&sd=20110604&cid_source=dnl&cid_medium=email&cid_content=art1ReadMore&cid=20230327&cid=DM1371166&bid=1756437160
xqX_NkBUQzg

"STORY AT-A-GLANCE
Three large banks failed in a single week in March 2023, and the ripple effect could easily take down the entire banking system.
The cascading bank failures began March 8 with the shut down and liquidation of the crypto bank Silvergate Capital.
It had invested deposits in Treasury bonds, which lost value as interest rates were hiked to stem inflation
March 10, Silicon Valley Bank (SVB) failed.
It too was invested in government bonds, which again became a problem when customers began making large fear-based withdrawals.
This was the second largest bank failure in U.S. history, and the largest since the financial crisis in 2008
Spooked by the failure of Silicon Valley Bank, Signature Bank customers withdrew more than $10 billion in the days that followed, resulting in the shutdown of Signature Bank on March 12
Government regulators have promised to make customers of the two banks “whole” by insuring all funds, not just the first $250,000.
Only select “too big to fail” banks will be eligible for this kind of special treatment.
Small local banks will not be eligible
The most likely outcome of this bailout system is a consolidation of banks until we’re left with just a small number of mega-banks.
This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a tight-knit monopoly

Three large banks failed in a single week in March 2023, and the ripple effect could easily take down the entire banking system, although government officials insist the banking sector "remains strong" and that the problems faced by these banks "do not appear to be widespread."1

Cascading Domino of Bank Failures
The cascading bank failures began March 8 with the shut down and liquidation of the crypto bank Silvergate Capital.2 As reported by Government Executive:3

"During 2022, Silvergate's deposit base grew dramatically, almost doubling its assets to $210 billion. But the bank did not have either the administrative capacity or market demand to lend out all of the money, as banks normally do.

So, it invested the excess deposits in Treasury bonds and mortgage investment products. But the bond purchases became a problem as the Federal Reserve began to raise interest rates to address inflation."

Two days later, March 10, Silicon Valley Bank (SVB) — the 16th largest bank in the U.S.4 — failed. It too was invested in government bonds, which again became a problem when customers began making large fear-based withdrawals. This was the second largest bank failure in U.S. history, and the largest since the financial crisis in 2008.

Allegedly "spooked" by the failure of Silicon Valley Bank, Signature Bank customers then withdrew more than $10 billion, resulting in the shutdown of Signature Bank on March 12, making it the third-largest bank failure in history.5,6

The Federal Deposit Insurance Corp. (FDIC) took control of Silicon Valley Bank and Signature, and government regulators have promised to make all customers "whole" by insuring all funds, not just the first $250,000. In other words, government is bailing out the banking system yet again, on the taxpayers' dime.

Within a week, Signature was bought up by Flagstar Bank, a subsidiary of New York Community Bancorp (one of the largest banks in the U.S.).7 According to the FDIC, anyone who had deposits at Signature Bank will automatically become a client of Flagstar Bank, except for crypto banking clients, as Signature's digital banking business was not included in Flagstar's bid.8

The FDIC is also left holding $11 billion-worth of "toxic waste debt" in the form of commercial real estate loans for rent-regulated buildings, as this debt portfolio was also rejected by Flagstar.9 The FDIC is still looking for a buyer for Silicon Valley Bank.

Is the US Banking System Really Sound?
President Joe Biden's comments shortly after the three bank failures was that "Americans can have confidence that the banking system is safe" and that "Your deposits will be there when you need them." Treasury Secretary Janet Yellen also insists the U.S. banking system "remains sound."10

Should we believe them? Probably not. Within days of those statements, the contagion had already spread to Credit Suisse, the largest bank in Switzerland. After government initially stepped in to cover some of the losses, the Swiss banking giant was sold to the UBS Group.11 The acquisition was announced March 19.

It's hard to believe the ripple effects of bank failures of this magnitude can really be stopped. The question is, should we even try? As reported by Government Executive,12 government has no obligation to step in and bail these banks out under current banking regulations.

What's more, the biased bailout system now being put into place will virtually guarantee further bank consolidations and the widespread rollout of a central bank digital currency (CBDC). As reported by Newsweek March 16, 2023:13

"During a Senate Finance Committee hearing, Yellen was grilled by Oklahoma GOP Senator James Lankford over the Biden administration's handling of the banking crisis, which saw the federal government offer a multibillion-dollar bailout to Silicon Valley Bank (SVB) after a bank run left it without enough cash to back up hundreds of millions of dollars of its clients' deposits. Most of those deposits were not insured.

To address the crisis, U.S. bank regulators announced a plan last weekend to fully insure all deposits at SVB as well as the crypto-friendly Signature Bank.

This would cover all deposits above the Federal Deposit Insurance Corp.'s insured limit of $250,000. Federal officials said the plan would be paid for by a special fee levied on all FDIC institutions.

While all banks would be required to pay for the plan, Yellen said under questioning Thursday that it would not apply to every bank. She said the federal government would extend the privilege only to troubled banks whose failure would have a profound impact on the U.S. financial system.

Uninsured deposits, Yellen said, would be covered only if a 'failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences,' which would be decided by a supermajority of the FDIC's board members, Yellen, and the President …

In further questioning, Lankford asked Yellen whether that policy's implication would be that small banks would become less appealing to depositors with accounts exceeding the FDIC's $250,000 insurance threshold …

Amid the sharp increase in bank mergers over the past decade, Lankford expressed concern that the trend could only accelerate under current policy, causing the U.S. banking system to become less resilient.

"I'm concerned you're … encouraging anyone who has a large deposit at a community bank to [hear], 'We're not going to make you whole, but if you go to one of our preferred banks, we will make you whole,'" Lankford told Yellen. Yellen replied, 'That's certainly not something that we're encouraging.'"

And yet that's exactly what this policy will be encouraging. Actions speak louder than words, and in this case, the outcome of this policy is quite clear, regardless of what Yellen is saying.

To recap, the FDIC will only insure deposits up to $250,000 if your money is in a small bank, but if your money is in a big bank, uninsured deposits over that amount will be covered as well, should the bank fail.

Adding insult to injury, while the system is clearly biased and won't protect everyone, all banks (and hence account holders) will be forced to pay this "special fee" to the FDIC that will, supposedly, insure all these uninsured deposits at preferred banks.

The most likely outcome of this bailout system is a consolidation of banks until we're left with just a small number of mega-banks. We're already starting to see the early phases of this, with "the big three" — Bank of America, Citigroup and Wells Fargo — reporting14 a deposit spike in the wake of the SVB collapse and Yellen's announcement that only certain preferred banks will be covered above FDIC insurance limits.

This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a very tight-knit monopoly. Let's say there are only half a dozen banks in all of America. All they have to do is make the switch to CBDC as a group, and anyone with a bank account in America will be automatically trapped in the new system. As reported by News Punch:15

"What we are seeing is a push towards Global Government that is being camouflaged and cloaked in humanitarianism, multiculturalism, as well as manufactured threats such as global warming and pandemics in order to condition the population into accepting globalization and a One World Government.

In order for this to occur the elite are planning to create a global financial crisis the likes of which the world has never seen. Out of the ashes of this financial crisis will rise the phoenix of is a New International Economic Order. The public will be told that the new order is the only way to stabilize the world economy and save what little remains of their wealth …

People often ask why the globalist elite would collapse the world economy. Wouldn't that mean they destroy their own wealth in the process? The answer is no. The elite have been consolidating their wealth in order to protect it for centuries … When the world financial system finally crashes the elite will be positioned to buy what's left for pennies on the dollar.

Where does this leave the rest of the world financially? The answer is in bondage to a Techno-Communist World Governmental System led by the World Economic Forum in Davos and the hidden hands that control the public face of that cabal. If you pay attention now you can see that everything around you is being engineered towards this one goal …

The globalist elite are also forcing their vassal states to move towards centralizing currency in the form of a … CBDC, which by the way, is not currency at all – it is software designed as a tool of total social control … If they can cancel out your bank balance with a single keystroke, then you have no freedom, no autonomy. You are a slave …"

UCC Code Update Is Stealth Attempt to Steal Our Freedom

WVfRzWlmiXg

The fact that CBDCs are intended as financial shackles to control you within what amounts to an open-air prison is also noted by South Dakota Gov. Kristi Noem16 in the Fox News interview above.

She highlights a proposed Uniform Commercial Code (UCC) update that seeks to redefine "currency" to exclude decentralized crypto currencies, effectively putting the government on the path to a CBDC monopoly. Noem vetoed the bill and is urging other states to reject it as well.

The UCC Code is a set of laws that govern commercial transactions in the U.S. While not a federal law, it's a set of laws that states agree to adopt in a uniform fashion to facilitate interstate business. So, it appears they intend to begin the financial takeover by rolling out the CBDC on the state level first, and legislators who believe in freedom must denounce all such plans.

Government Bonds Are Now the 'Toxic Asset'
According to News Punch,17 the destruction of Silicon Valley Bank was intentional. While I cannot vouch for that, it's interesting to note that SVB was in relatively good shape before it went kaput overnight.

As explained by the Sovereign Research and Advisory Group in an article titled "If SVB Is Insolvent, So Is Everyone Else,"18 the 2008 banking crash occurred because Lehman Brothers and other banks had used depositors' money to buy extremely risky no-money-down mortgage bonds.

While the economy was good, banks earned hefty profits from these toxic assets, but as soon as the economy downshifted, these toxic securities plunged in value and wiped them out.

This time, however, the toxic asset is not mortgages obtained by people with no job, income or history of paying their bills. No, this time, it's U.S. government bonds that are sinking banks, and these bonds are supposed to be the safest investment there is. Sovereign Research and Advisory Group writes:19

"Silicon Valley Bank was no Lehman Brothers. Whereas Lehman bet almost ALL of its balance sheet on those risky mortgage bonds, SVB actually had a surprisingly conservative balance sheet.

According to the bank's annual financial statements from December 31 of last year, SVB had $173 billion in customer deposits, yet "only" $74 billion in loans. I know this sounds ridiculous, but banks typically loan out MOST of their depositors' money.

Wells Fargo, for example, recently reported $1.38 trillion in deposits. $955 billion of that is loaned out. That means Wells Fargo has made loans with nearly 70% of its customer's money, while SVB had a more conservative 'loan-to-deposit ratio' of roughly 42%.

Point is, SVB did not fail because they were making a bunch of high-risk NINJA loans. Far from it. SVB failed because they parked the majority of their depositors' money ($119.9 billion) in US GOVERNMENT BONDS. This is the really extraordinary part of this drama.

US government bonds are supposed to be the safest, most 'risk free' asset in the world. But that's totally untrue, because even government bonds can lose value. And that's exactly what happened.

Most of SVB's portfolio was in long-term government bonds, like 10-year Treasury notes. And these have been extremely volatile. In March 2020, for example, interest rates were so low that the Treasury Department sold some 10-year Treasury notes at yields as low as 0.08%.

But interest rates have increased so much since then; last week the 10-year Treasury yield was more than 4%. And this is an enormous difference.

If you're not terribly familiar with the bond market, one of the most important things to understand is that bonds lose value as interest rates rise. And this is what happened to Silicon Valley Bank.

SVB loaded up on long-term government bonds when interest rates were much lower; the average weighted yield in their bond portfolio, in fact, was just 1.78%. But interest rates have been rising rapidly. The same bonds that SVB bought 2-3 years ago at 1.78% now yield between 3.5% and 5%, meaning that SVB was sitting on steep losses."

All Banks, Including the Fed, Are Likely Insolvent
According to the SVB's 2022 annual report published January 19, 2023, they had $16 billion in capital and $15 billion in unrealized losses on their government bonds. So, they were ripe for a wipeout.20

The problem is, if SVB, with its conservative loan-to-deposit ratio ended up insolvent due to government bonds tanking, then that likely means that everyone else is insolvent as well, including state and local governments, large corporations of all kinds, and the Federal Reserve. Anyone holding government bonds is sitting on huge losses as interest rates rise.

Even the FDIC is suffering unrealized losses in its insurance fund, which is supposed to bail out banks that fail from their unrealized losses. ~ Sovereign Research and Advisory Group
According to FDIC estimates, the unrealized losses of U.S. banks is approximately $650 billion and rising. Meanwhile, the FDIC's deposit insurance fund (DIF), the fund that's supposed to cover insured deposits (accounts up to $250,000), has a balance of just $128 billion.21 See the problem? What's worse, the DIF money doesn't just sit there. It too is invested — in U.S. government bonds! As noted by the Sovereign Research and Advisory Group:22

"So even the FDIC is suffering unrealized losses in its insurance fund, which is supposed to bail out banks that fail from their unrealized losses. You can't make this stuff up, it's ridiculous!"

And it's only going to get worse if the Federal Reserve continues to increase interest rates. The problem is, interest rates need to be raised to curtail runaway inflation, but if they go up, more banks will sink due to their holdings in government bonds.23,24 There's just no way out.

Add to this insurmountable problem the fact that President Biden's 2024 budget will raise the federal debt to $50.7 trillion by the end of 2033. It's currently $31.459 trillion.25 That's a staggering amount of debt.

From a household perspective, you have no choice but to file for bankruptcy once your income cannot even cover the interest payment on your debt, and that's basically where we are on a national level. As noted by The Balance:26

"Most creditors don't worry about a nation's debt, also known as 'sovereign debt,' until it's more than 77% of gross domestic product (GDP). That's the point at which added debt cuts into annual economic growth, according to the World Bank. At the end of the second quarter of 2021, the U.S. debt-to-GDP ratio was 125%. That's much higher than the tipping point …"

Are You Prepared?
All of this is why it's so important to prepare and become as independent as possible. The things we've taken for granted our entire lives may soon vanish, and what's coming to replace them are not in your best interest unless you're part of the globalist cabal that will exempt themselves from the slave system.

Becoming more resilient in the face of these changes could include moving cash into things that have a greater chance of withstanding inflation, such as precious metals (the actual metals, not the paper) and land, for example, and/or tradeable items. Shelf-stable foods may also be a wise investment, as could securing a private well or building a rain catchment system.

Also remember that artificial intelligence is the "beast" that drives the coming slave system. A formula created by the World Economic Forum's philosophical guru, Yuval Noah Harari, describes the technocrats' ever-growing ability to hack humans: B x C x D = AHH.27

B stands for biological knowledge, C is computing power, D is data and AHH is the level of ability to hack a human being. AI needs massive amounts of up-to-the-minute data for the control system to work, so "starving the beast" also needs to be on your list.

That means eliminating apps and devices that collect your personal data, Google and Facebook being two of the biggest data miners. It also means rejecting CBDCs, as it's not really a currency but a tool for population control, and digital identity, which will track everything you do, both online and in the real world, and will strip you of basic rights and freedoms based on your social credit score."

Sources and References
1, 7, 8, 10 Newsweek March 19, 2023
2 Forbes March 8, 2023
3, 12 Government Executive March 20, 2023
4 Bankrate.com March 21, 2023
5 FDIC March 12, 2023
6 CNBC March 13, 2023
9 Yahoo Finance March 21, 2023
11 Bloomberg March 19, 2023
13 Newsweek March 16, 2023
14 CNN Business March 15, 2023
15, 17 News Punch March 13, 2023
16 The Conservative Treehouse March 11, 2023
18, 19, 20, 21, 22 Sovereign Research and Advisory Group March 13, 2023
23 Wall Street Journal March 20, 2023
24 Houston Public Media March 19, 2023
25 CNS News March 9, 2023
26 The Balance Money October 4, 2022
27 WEforum January 24, 2020

[mountain_jim]

https://twitter.com/NorthmanTrader/status/1640732202106339328?s=20

1640732202106339328

[shaberon]

In case you were unaware, the code is NOT the underlying statute. What you find in Title 12 or Title 50 are codifications of the law. Always go to the statute. And the various executive orders empowered by the Emergency.



United States Statutes at Large (https://en.wikipedia.org/wiki/United_States_Statutes_at_Large) is the ultimate authority. It is in chronological order. The Code is simply an arrangement by subject.


The point was that an Emergency does not auto-renew.

On the other hand, Presidential Directives (https://en.wikipedia.org/wiki/Presidential_directive) do not expire without being revoked: Proclamations, which are non-binding statements, and Executive Orders, which are instructions to the Executive Branch.

Proclamation 2039 (https://www.presidency.ucsb.edu/documents/proclamation-2039-bank-holiday-march-6-9-1933-inclusive) was a shutdown from March 6-9, 1933.


He took authority from:

40 Stat. L. 411

That the President may investigate, regulate, or prohibit, under such rules and regulations as he may prescribe, by means of licenses or otherwise, any transactions in foreign exchange and the export, hoarding, melting, or earmarkings of gold or silver coin or bullion or currency . . .

is what he cited, and "otherwise" prohibited or regulated hoarding.


I take it this carries weight from the Statute, and not because a Proclamation could do that on its own. He says that a drain on gold reserves has created a national emergency. This part is arbitrary and quite unclear. Does FEMA go out when there's no gold? Roosevelt sounds like he is about to puke due to a bank run.

He has, of course, grabbed "hoarding" from Trading with the Enemy (presumably foreign) and aimed it domestically. He also says that speculation in foreign currency drained the reserves. I suppose he did not mention the real problem.


Proclamation 2040 (https://www.presidency.ucsb.edu/documents/proclamation-2040-continuing-force-the-bank-holiday-proclamation-march-6-1933) says the emergency continues, so the terms continue.

Executive Order 6073 (https://en.wikisource.org/wiki/Executive_Order_6073) allowed re-opening by the Secretary of the Treasury licensing the Federal Reserve branches. Through Truman (https://www.trumanlibrary.gov/library/proclamations/2725/amending-proclamations-march-6-and-march-9-1933-and-executive-order), such licensing was dispensed with.


However we were also given the Emergency Banking Relief Act (https://en.wikisource.org/wiki/Emergency_Banking_Relief_Act#Sec._2.), March 9, 1933, Pub.L. 73−1, 48 Stat. 1.



It grants the President some abilities during war or an emergency, and so these abilities would still be curbed by the non-renewing change in 1977.

He has to "prescribe the rules" being applied to investigate, regulate, or prohibit.

As far as I can tell it looks like a big way to prevent runs. It could also, for example, badger Cuba by interfering with foreign exchange and credit. Somewhat versatile. Not much to do with "Trading with the Enemy" compared to how many of these corporations assisted...places that were eventually considered unfriendly.

It looks like a president could still use this domestically and prevent withdrawals of currency, or "regulate" them so you cannot be more than three feet tall and the color chartreuse.

He can pass the stick to the Treasury, who could then say, orange people up to three and a half feet tall are permitted. There definitely seems to be a dividing line where everyone/everything could be stopped, but exceptions granted at will.


As a few related ideas (https://ballotpedia.org/Emergency_Banking_Act):


The Emergency Banking Act was drafted by the staff of President Herbert Hoover (R) during the Great Depression...


with the ruckus begun by FDR:


...the day after his inauguration...



instantly approved by Congress, and:


...gave the Federal Reserve Board the authority to issue emergency currency backed by assets of a commercial bank. The act granted the secretary of the treasury the authority to determine if a bank needed additional funds to operate and, with the approval of the President, to request that the Reconstruction Finance Corporation invest in the bank.

The authorities granted to the president and Federal Reserve under Titles I and IV, in combination with Executive Order 6102, which criminalized the possession of monetary gold, moved the nation off of the gold standard.



Regarding "a corporation":


In 1832, the charter of the Bank of the United States was to expire, and Jackson and his supporters opposed the bank. Whigs, headed by Henry Clay and Daniel Webster, led the argument in favor of the bank's recharter. Jackson vetoed the recharter of the bank, saying, that the bank constituted the “prostration of our Government to the advancement of the few at the expense of the many.”


These Whigs evolve into the Hoover (R) that drafted the Act above.

In 1895, private financier J.P. Morgan bailed out the federal government when its gold reserves were at risk of running out following a financial panic.

...the Panic of 1907 began with a failed attempt to manipulate the stocks of the United Copper Company. As the manipulation failed, banks that had lent money for the purpose of manipulating United Copper's stocks, including the Knickerbocker Trust Company, began to fail. This triggered a rush of depositors demanding their money back from Knickerbocker, leading to the company's collapse. This collapse stoked fears that other banks would go bankrupt, and so customers began withdrawing their funds from regional banks. This, in turn, caused a recession as banks failed due to lack of funds. During this time, the New York Stock Exchange fell by about half.

The lack of a central bank for the United States, which proponents argued might have provided a source of assets for struggling financial institutions, was seen by some to be a cause of the Panic of 1907.

In 1908, the National Monetary Commission was established with the passage of the Aldrich-Vreeland Act. The law provided for the issuance of emergency currency and charged the commission with studying and recommending changes to the nation's monetary and financial system.

...in the summer of 1908 members of the commission visited England, France, and Germany to ascertain their banking arrangements, methods, and practices by personal observation and interviews.

After several years of development, a plan crafted by government officials and bankers was released in 1911 by Senator Aldrich, revised, and then presented to Congress in 1912. The plan did not pass because the Democratic Party, which put opposition to the plan as a plank in its party platform, won the presidency and a number of seats in Congress in the 1912 election.


...the successful Democratic Party, led by Woodrow Wilson, specifically opposed any plan involving a central bank.

Suddenly:


In 1913, Representative Carter Glass (D) and Senator Robert Latham Owen (D) proposed similar, separate bills in their chambers providing for the creation of a national banking system. Many features of the NMC plan (https://en.wikipedia.org/wiki/National_Monetary_Commission) opposed by Wilson become part of the Federal Reserve Act that he signed.


Bernanke said the Fed's decision to raise interest rates in 1928 and 1929 contributed to the depression. The raise was an attempt to limit speculation in the securities market, but instead slowed economic activity as investors feared losing money due to inflation on their investments.



The flim flam of the Democrats is attributable to Jekyl Island (https://www.federalreservehistory.org/essays/jekyll-island-conference).

B.C. Forbes somehow learned about the Jekyll Island trip and wrote about it in 1916 in an article published in Leslie’s Weekly (October 19, 1916 p. 423), which was recapitulated a few months later in an article in the magazine Current Opinion. In 1917, Forbes again described the meeting in Men Who Are Making America, a collection of short biographies of prominent entrepreneurs, including Davison, Vanderlip, and Warburg. Not many people noticed the revelation, and those who did dismissed it as “a mere yarn,” according to Aldrich’s biographer.




Even according to Cato (https://www.cato.org/publications/policy-analysis/new-yorks-bank-national-monetary-commission-founding-fed):


In contrast to more conventional, celebratory accounts of the Fed’s establishment, it finds that, instead of serving as a means for achieving desirable reforms, the National Monetary Commission served as a façade behind which its chair, Sen. Nelson Aldrich (R‑RI), pursued a personal monetary reform agenda heavily influenced by major New York bankers.


The European tour began on August 12 and ended on October 13, 1908, although most commission members returned in late August, leaving Aldrich and Andrew to complete the mission.

Aldrich, Andrew says, “expected little help from the members of the commission, most of whom had little to offer in the way of scholarship and experience in financial matters and all of whom he knew he could control… . So far as the Commission itself was concerned, the Senator’s principal idea was to keep its members happy until he had a bill ready and then get their approval.”

The first evidence of Aldrich’s own conversion to central banking occurs in the Monetary Commission’s fall 1908 European itinerary, which concentrated on the central bank–based arrangements of England, Germany, and France.


...according to Warburg, who had long been a lone champion of the central‐​bank alternative, it was only after the European trip that Aldrich, who had previously shown little interest in Warburg’s plan, not only expressed his approval of it, but chided Warburg for having been “too timid about it.”


That is from a gigantic story, very thorough. Strange in some ways. Evidently there was a "third party" called "asset currency" based on the Canadian system, but this lost traction and most people slid towards some kind of central bank. Canada, Europe, and in fact the whole world did not experience anything of this:


Between the end of the Civil War and 1913, the United States endured five major financial crises: in 1873, 1884, 1890, 1893, and 1907.


Here is a closer look at their trip from a 2017 Georgetown thesis (https://repository.library.georgetown.edu/bitstream/handle/10822/1043702/Saravay_HIST409_Thesis.pdf?sequence=1):


Aldrich and Padgett started by asking straightforward questions about the organization
and management of the Reichsbank. The Germans explained that the bank was privately owned,
mostly by shareholders in Germany and Holland – the government owned no shares.


...although the government had supervision and final say over the bank’s decisions, in practice, the bank’s
operations were almost entirely controlled by bankers and shareholders. This division of control
was quite different from anything that the NMC members would have seen in the U.S.


One of the largest sections in the NMC report is the Reichsbank's own 1900 report on how German central banking came to be:


Prussia already had the large Prussian Bank.


In 1875, the German legislature passed a banking act that
converted the Prussian Bank into the Reichsbank.

As a result, the Reichsbank was not the only German
bank that could issue notes, but after 1875, it was the largest of a handful of note-issuing banks,
as opposed to the thirty-one that existed before unification.



In the long run, it must be the pre-German maneuvering of Prussia that made this possible. Notice they went straight there as soon as the larger part of the group left. He acquires the art of something that everybody knows the American people are against.

[onawah]

Framework for Laundering Money With Immunity
Analysis by Dr. Joseph Mercola
April 01, 2023
https://articles.mercola.com/sites/articles/archive/2023/04/01/framework-laundering-money-with-immunity.aspx?ui=8d3c7e22a03f5300d2e3338a0f080d2da3add85bca35e09236649153e4675f72&sd=20110604&cid_source=dnl&cid_medium=email&cid_content=art1ReadMore&cid=20230401_HL2&cid=DM1374027&bid=1760882877

"STORY AT-A-GLANCE
In Part 2 of her report, investigative journalist Corey Lynn describes key organizations pulling the strings behind the scenes, allowing them to “operate as ghosts without transparency or accountability”
Unrestricted privileges and layers of immunity are enjoyed by powerful organizations worldwide, which use them to exert control over the globe
A little-known entity headquartered in Washington, D.C. — the Organization of American States (OAS) — controls the western hemisphere
OAS is involved in elections throughout the globe, carrying out “electoral observation missions”: it oversaw a recent election in Brazil that many residents consider stolen, and the U.S. requested OAS election services in 2016 for the first time in history
The U.S. funds more than 50% of OAS’ budget; however, each of OAS’ “specialized agencies and entities” has its own budget and funding, with deep globalist connections

As the global cabal continues to wage its war against the sovereignty of humanity, we're continuing to expose the unrestricted privileges and layers of immunity enjoyed by powerful organizations worldwide.

In November 2022, we featured Part 1 of investigative journalist Corey Lynn's Laundering With Immunity report, which revealed 76 international organizations and banks that enjoy and leverage these immunities, privileges and tax exemptions to maintain power and control.

"These aren't just ordinary organizations," Lynn explains. "They happen to be the prime organizations that run the new world order globalists' agendas against humanity, and they have hundreds of NGOs working with and through them."1

Part 2 of the report,2 discussed in detail in the video above,3 goes even deeper into key organizations pulling the strings behind the scenes, allowing them to "operate as ghosts without transparency or accountability." "Hold onto your seats," Lynn says.4

Layers of Immunity Allow for World Domination
To understand the threat that comes along with granting organizations the power to operate outside of laws and constitutions, it helps to understand how deep the layers of immunity go. The International Organizations Immunities Act (IOIA), passed by the U.S. Congress in 1945, granted dozens of organizations with privileges that equate to that of diplomats.

Each organization's headquarters receives additional protections from the government of the country in which it's located, via "headquarters agreements." Further, the protected organizations can extend their immunities to individuals, organizations or banks working with them, including family members of staff. According to Lynn:5

"To put it in layman terms, a wealthy bunch of corrupt families got together centuries ago and plotted how they wanted to control the world. The challenge was in how they would get around constitutions, state laws and international laws so they could operate outside the system that the rest of humanity had to function within.

This would afford them the ability to move like ghosts, transfer wealth, and camouflage all of their schemes with false storylines as they secured more and more control with each decade, while alleging how 'transparent' they are.

Getting the banking systems into place, such as the Bank for International Settlements, the Federal Reserve, the World Bank Group, and central banks was the key step in building the ghost-like infrastructure. Making sure BlackRock and Vanguard had top shareholder positions in every major corporation in order to bend and squeeze them into submission, was also a necessary evil."

The Little-Known Entity in Control of the Western Hemisphere
After establishing the banking systems such as the Federal Reserve, the globalists needed a way to act on international laws and treaties, manipulating them as needed to maintain control. This is where the United Nations, which enjoys 22 IOIA immunities and privileges, comes in, along with a much lesser-known entity — the Organization of American States (OAS).6

OAS is headquartered in Washington, D.C., just outside of the White House, yet it's rarely mentioned by U.S. media. First started in 1890 as the International Union of American Republics, OAS has gone through several name changes over the decades and now operates in 35 member states in the Western Hemisphere, in an area that's home to more than 1 billion people.

It manages the Western Hemisphere and also hosts the World Health Organization's regional office via the Pan American Health Organization (PAHO), which was originally founded in 1902 to control the spread of epidemics between countries.

"PAHO is the oldest and largest regional health organization, and has long coordinated with the OAS through projects, funding, goals, and even shared a building at one point. Today, PAHO is a 'specialized organization' of the OAS," Lynn says.7 OAS, meanwhile, works alongside the UN, but is not under its control. Lynn continues:8

"The WHO is to the UN as PAHO is to the OAS. Two very powerful organizations that are in lock-step, consisting of member states that account for the entire global population, and the OAS with headquarters just steps away from the White House and the UN Foundation even closer, with immunities and privileges that afford them the ability to keep forging ahead with the New World Order agenda.

… Their budget may be far smaller than the UN, but their reach isn't. OAS has also granted permanent observer status to over 72 states, as well as to the European Union, who all enjoy immunities and privileges."

Further, all of OAS' agencies and entities are granted their immunities and privileges, via their headquarters agreement with the U.S. and other agreements. Here's just a sampling of these OAS entities:9

Inter-American Council for Integral Development

Inter-American Juridical Committee

Inter-American Children's Institute

Inter-American Commission on Women

Inter-American Indian Institute

Inter-American Agency for Cooperation Development

Justice Studies Center of The Americas

Inter-American Committee Against Terrorism

Inter-American Committee on Natural Disaster Reduction

Inter-American Court of Human Rights

Inter-American Defense Board

Inter-American Defense College

Inter-American Development Bank

Inter-American Drug Abuse Control Commission

Inter-American Juridical Committee


OAS Enjoys 'Unprecedented Level of Protection,' Power
The immunities and privileges granted to OAS allows it to avoid both transparency and accountability. Under IOAI, for instance, OAS gets the following benefits:10

Property and assets immune from suit and judicial process

Immunity from search and seizure of property and assets

Archives are inviolable

Exempt from all forms of taxes

Admission of officers, employees and their family members without checks from customs

Officers and employees exempt from all legal actions relating to work activities

No alien registration or fingerprinting of employees and immediate family members

OAS is also involved in elections throughout the globe, carrying out "electoral observation missions." "And by 'observation,'" Lynn notes, "that means financing a team to travel to the country, monitor, analyze, verify compliance, be a channel between conflict, make recommendations, and provide reports that carry weight by 'extensive and recognized technical expertise.'"11

OAS oversaw a recent election in Brazil that many residents consider stolen, and the U.S. requested OAS election services in 2016 for the first time in history. OAS observers were deployed to 13 U.S. states.12 Agreements also exist beyond government entities into the Big Tech sector and beyond. Lynn explains:13

"The OAS doesn't just work with governments; they have a registry with over 465 civil society groups that work in different areas for the member states. The registry provides the exchange of information to assist in creating governmental policies, which includes dialogue between governments, international organizations and the civil society groups.

The International Planned Parenthood Federation is part of the 465 civil society groups, along with Lawyers Without Borders, Amnesty International, National Wildlife Federation, Center for Reproductive Rights, Center for International Environmental Law, Open Society Institute, and Rotary, just to name a few.

George Soros was a keynote speaker for the OAS Lecture Series of The Americas in 2006. Additionally, they have an OAS Consortium of Universities they work with to provide training programs and offer scholarship opportunities."

Who Funds the OAS?
OAS has a budget of about $142 million. The U.S. funds more than 50% of it. However, each of OAS' "specialized agencies and entities" has its own budget and funding, with deep globalist connections. For instance, Lynn notes:14

"Take PAHO for example, whose operating budget was increased in 2022-2023 to over $881 million. Under the agreement between PAHO and the WHO, that increases the amount the WHO must contribute to PAHO, bringing it to over $291 million. The Rockefeller Foundation, Bill & Melinda Gates Foundation, and numerous other globalists all fund PAHO."

Digging deeper, OAS has five areas of funding, one of which is "trust funds." The nonprofit Trust for the Americas, which has conducted projects in 24 countries, is just one of those trusts. It's received funding from USAID, Microsoft, Mastercard, Citi, Walmart and U.S. embassies, for starters. Other corporate giants also contribute to OAS funds. Among them:15

Amazon Web Services

Cisco Systems

Citibank

Ford Foundation

Google

Hilton Foundation

Meta Platforms

Microsoft

The United Nations

A 'Powerhouse of Ruin' Is Coming
Unless the immunities granted to OAS, the UN, the Federal Reserve and others are rescinded, and multiple governments pull out of these organizations, Lynn says, "no battle can be won."

Meanwhile, Agenda 2030, aimed at reducing middle-class' consumption of basic goods and energy, which includes limiting, with an eye toward eliminating, property rights and private ownership for future generations, is barreling toward us. She explains:16

"Together, the BIS , Central Banks, UN, OAS, and the other international organizations and banks enjoying immunities and privileges, are a powerhouse that has the ability to move undetected, behind closed doors, with no transparency or accountability, and move their agendas forward with little to no legal ramifications.

While people go about their days putting their children to bed, sending them off to school, getting themselves to work, and cooking a family dinner, these masterminds are plotting out everyone's future in a gradual manner that most don't recognize as the global takeover that it is.

And yet, the clock ticks down as they attempt to accomplish their ultimate goal in less than seven years — a digital world with a digital workforce, a genderless society with no individualism or self-identity, a transhumanist decay where humans meld with robots, in an environment where these powers hold the keys to control everything one needs to survive on, all with the exception of one thing — one's soul."

[B]Three Steps to Fight Back — and Win
All is not yet lost, however, and Lynn offers three solid strategies to attack this globalist threat:17

Share this information far and wide, via journalists, social media, podcasts and your community. "The louder we are and the more we push, the harder it becomes for them to push back, and they are forced to change directions and switch up their game, and they get sloppy," she says.
Tell your legislator that the immunities and privileges granted to OAS and other organizations need to be revoked, and "demand that their country pull out of the UN and OAS." Lynn adds, "They need to nullify the Federal Reserve and get out of the central banks and build state banks and a sovereign state that doesn't rely on the federal government."
Stop funding this enslavement system. This means not doing business with associated banks, stocks, apps and devices, and not shopping at big box stores or using convenience systems that act as forms of entrapment. Also, Lynn adds, "Stop complying with so-called rules, mandates, and regulations that are meant to break you. These people think they own you — prove them wrong."

- Sources and References
1, 2, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 Corey’s Digs, Laundering With Immunity: The Control Framework Part 2 — A Powerhouse of Ruin March 9, 2023
3 Rumble, Corey’s Digs March 10, 2023

Part 1 is here: https://rumble.com/embed/v1jil78/?pub=ijro7

v29wkls/?pub=ijro7

[mountain_jim]

https://twitter.com/nickgerli1/status/1642575715257270274?s=20

1642575715257270274



https://twitter.com/balajis/status/1642745822482948097?s=20

1642745822482948097



https://twitter.com/balajis/status/1642741352671887360?s=20

1642741352671887360

[Richter]

The Dollar Is In Trouble! Here Are 7 Signs That Global De-Dollarization Has Just Shifted Into Overdrive
April 3, 2023
By Michael Snyder

For decades, the U.S. dollar was the undisputed king of global currencies, but now dramatic changes are happening. China, Russia, India, Brazil, Saudi Arabia and other nations are making really big moves which will enable them to become much less dependent on the U.S. dollar in the years ahead. This is really bad news for us, because having the primary reserve currency of the world has enabled us to enjoy a massively inflated standard of living. Once we lose that status, our lifestyles will be much different than they are today. Unfortunately, most Americans don’t understand any of this. Even though our leaders have treated the stability of our currency with utter contempt in recent years, most Americans just assume that the dollar will always reign supreme. Meanwhile, much of the planet is preparing for a future in which the U.S. dollar will be far less important than it is right now. The following are 7 signs that global de-dollarization has just shifted into overdrive…

CONTINUE: https://www.activistpost.com/2023/04/the-dollar-is-in-trouble-here-are-7-signs-that-global-de-dollarization-has-just-shifted-into-overdrive.html

[Merkaba360]

So if the standard of living in the US deflates, doesn't is go up in other countries? Must be some way to invest to benefit from the change.

[ozmirage]

If I understand the situation, the "standard of living" is based on how much surplus you can generate and trade, versus what is available for trade.

Prosperity is not based on money tokens, (dollards, euros, nor rubles), but prodigious production of surplus usable goods and services, equitably traded. If your society cannot generate usable goods and services, no amount of money tokens will insure your continued prosperity.

The current money token system, based on the federal reserve NOTE (Title 12 USC Sec 411), is not likely to be dropped.

Why?
Guess who the fiduciary agent for the USA, IMF, World Bank, International Bank for Reconstruction, etc, etc, etc, -and- the United Nations is?
Federal Reserve Corporation, whose notes are being used for international trade and usury (debt).

I don't see the Fed Res suddenly dropping out of managing the world's finances any time soon - but I could be mistaken.
Title 22 U.S. Code § 286d - Federal Reserve banks as depositories
Any Federal Reserve bank which is requested to do so by the Fund or the Bank shall act as its depository or as its FISCAL AGENT, and the Board of Governors of the Federal Reserve System shall supervise and direct the carrying out of these functions by the Federal Reserve banks.
The tail wags the dog.
Title 12 U.S. Code § 95b. The actions, regulations, rules, licenses, orders and proclamations heretofore or hereafter taken, promulgated, made, or issued by the President of the United States or the Secretary of the Treasury since March 4, 1933, pursuant to the authority conferred by section 95a of this title, are approved and confirmed.
WHOA.
Under the emergency, whatever the Secretary of Treasury does, is already approved by Congress.

SO WHAT?
http://www.worldbank.org/en/country/unitedstates/overview#3
The U.S. secretary of the treasury is the United States' governor for the World Bank.

https://www.treasury.gov/resource-center/international/int-monetary-fund/Pages/imf.aspx
The Secretary of the Treasury serves as the U.S. Governor to the IMF, and the U.S. Executive Director of the IMF is one of 24 directors who exercise voting rights over the strategic direction of the institution.


Title 22 USC sec 286(a)
(d) Compensation for services

(1) No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor, executive director, councillor, alternate, or associate.
Guess who is really "running the show"?

[Gwin Ru]

...

https://substackcdn.com/image/fetch/w_96,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4478be19-38b4-434e-8624-f632d5f50eff_1024x1024.png (https://clifhigh.substack.com) Aether Pirates of the Matterium! (https://clifhigh.substack.com)

Heavy Metal! (https://clifhigh.substack.com/p/heavy-metal#details)
Apr 5 • 29M

Heavy Metal! (https://clifhigh.substack.com/p/heavy-metal)Listen now (29 min) | Retirement? (https://clifhigh.substack.com/p/heavy-metal)clif high (https://substack.com/profile/293159-clif-high)

21 hr ago

Woo, down, dirty, deep WOO

[ExomatrixTV]

THIS Is Why Banks Are Failing Now:

H58HygpEZcM
The collapse of Silicon Valley Bank has left many Americans skittish about the banking system, and with good reason. As economics professor Richard Wolff explains, the private US banking system that maximizes the pursuit of profits at all costs is highly susceptible to runs, which explains why the nation’s history is littered with so-called “panics” that collapsed the economy. Jimmy and Americans’ Comedian Kurt Metzger talk to Professor Wolff about North Dakota, the one state with primarily publicly-run banks, and why that gives the state’s depositors more confidence in the stability of their banking system.

[ExomatrixTV]

And so it begins ... :facepalm: ... :rant:


V0WOrq5jAME
2023 message world news current events full video new video today this week this month this year collapse All of our freedoms will be completely gone because the government will be able to control one side of every transaction that takes place.


So they will be able to control (almost) everything. We will no longer be free.

This is complete totalitarian control. And it starts in a couple of weeks. Thank you so much for watching my video. I do sincerely appreciate it. We're going to start here with the Federal Reserve.gov press release. This came out just yesterday. So it is breaking news.

However, the FedNow service has been talked about for a number of months, and we've not known until now when they were actually going to be launching this program. But essentially, this is going to be a way for people to bank directly with the Fed, as the name implies, FedNow service, and be able to send and receive money instantly. So what I actually want to do is scroll down to the About the FedNow service, and we're going to read this paragraph here.

So it starts off, the Federal Reserve banks are developing the FedNow service to facilitate nationwide reach of instant payment services by financial institutions, regardless of size or geographic location, around the clock every day of the year.

Through financial institutions participating in the FedNow service, businesses and individuals will be able to send and receive instant payments at any time of day, and recipients will have full access to funds immediately, giving them greater flexibility to manage their money and make time sensitive payments. Access will be provided through the Federal Reserve's FedLine network, which serves more than 10,000 financial institutions directly or through their agents.

:bump:

[TomKat]

Gerald Celente once said, cash is for spending, gold is for saving.

[onawah]

It’s Over: The US Dollar Just Broke The Chinese Yuan
laowhy86
904K subscribers
20,343 views
Apr 24, 2023

"Dedollarization. Why is this word going around everywhere? Turns out, most likely, it's a propaganda campaign from China. "

EWcJVRznD5E

[Richter]

One Of The Largest Banks In The United States Is On The Verge Of Going Under
April 26, 2023
By Michael Snyder

Is another domino about to fall? Our system was greatly shaken when Silicon Valley Bank and Signature Bank suddenly collapsed, but we seem to have weathered that storm. But what will happen if an even larger bank goes under? As of March 31st, First Republic had approximately 290 billion dollars in assets, and that makes it much larger than Silicon Valley Bank was when it finally imploded. A 30 billion dollar rescue plan that was hastily put together last month was supposed to stabilize First Republic, but that hasn’t worked. On Tuesday, First Republic shares fell by about 50 percent after the public learned that “customers withdrew more than $100 billion during last month’s crisis”…

First Republic Bank’s shares plunged 50 percent after a ‘troubling’ earnings call where company executives refused to answer questions.

The stock dropped Tuesday after it emerged that customers withdrew more than $100 billion during last month’s crisis, with fears swirling that it could be the third bank to fail in quick succession after the collapse of Silicon Valley Bank and Signature Bank.

Unfortunately for First Republic, the carnage continued on Wednesday. Shares of First Republic were down another 29.75 percent, and so far this year the stock price has fallen by a total of more than 95 percent.

Let me try to put this into perspective.

On February 2nd, First Republic stock closed at $147.00.

Today, it closed at $5.69.

That is what a collapse looks like.

CONTINUE: https://www.activistpost.com/2023/04/one-of-the-largest-banks-in-the-united-states-is-on-the-verge-of-going-under.html

[Ravenlocke]

https://twitter.com/Spriter99880/status/1653112583790944285

1653112583790944285

¤=[Post Update]=¤

https://twitter.com/RT_com/status/1653101981647642626

1653101981647642626

https://www.rt.com/business/575602-first-republic-seized-jpmorgan-sale/

First Republic bank seized by US regulators

The embattled First Republic Bank has been taken over by regulators and will be sold to JPMorgan Chase, the California Department of Financial Protection and Innovation (DFPI) announced on Monday.

Earlier this week, the Federal Deposit Insurance Corporation (FDIC), a principal federal regulator of US financial institutions, asked a number of banks to submit bids for the struggling lender in an effort to secure a buyer before it entered receivership. A deadline for bids was set for Sunday.

JPMorgan, America’s biggest bank, will “assume all deposits, including all uninsured deposits, and substantially all assets” of First Republic, according to a statement issued by the Californian regulator.

The DFPI has appointed the Federal Deposit Insurance Corporation as the receiver of the San Francisco-based bank, the total assets of which amounted to nearly $229.1 billion as of April 13, 2023, while its total deposits totaled some $103.9 billion.

“Deposits are federally insured by the FDIC subject to applicable limits,” the statement read.

Last week, a massive sell-off wiped out 75% of the bank’s stock value, following the disclosure that it had lost more than $100 billion of deposits in the first quarter of the current year. The San Francisco-based lender has struggled to stay afloat since the US banking sector was hit by a major crisis.

The seizure and pending sale of First Republic Bank make it the third US lender to fail after the collapses of Silicon Valley Bank and Signature Bank in March. Both were shut down by regulators following massive bank runs.

In March, leading US financial institutions agreed a $30 billion injection for the troubled regional lender. Shares of First Republic are down 97% this year.

[Bill Ryan]

https://t.me/CIG_telegram/30354

CIG_telegram/30354

[Dorjezigzag]

Just today, three more banks were halted on the stock exchange as their stock prices collapsed.

Those three banks are PacWest Bankcorp, Western Alliance and Metropolitan Bank.

More bank failures are imminent. Fiat currencies are collapsing (by design). The goal of the corrupt establishment is to take out the small and mid-sized banks, and leave just a few giants standing, holding all the assets. JP Morgan, anyone?

Once the small and mid-sized banks are destroyed, the powers that be will initiate the final collapse of the dollar and attempt to force everyone into Central Bank Digital Currencies (CBDCs), which will be the final nail in the coffin of human freedom.

https://www.naturalnews.com/2023-05-02-three-more-banks-see-stock-trading-halted-financial-sector-collapse-contagion-accelerates-as-migrant-invasion-staged-for-us-southern-border.html

also this of interest
https://www.newsweek.com/bank-share-trading-halted-after-value-plunges-1797892

https://www.theguardian.com/business/2023/may/04/shares-in-california-lender-pacwest-plummet-amid-fears-of-new-us-banking-crisis (https://www.theguardian.com/business/2023/may/04/shares-in-california-lender-pacwest-plummet-amid-fears-of-new-us-banking-crisis)

[Bill Ryan]

Just today, three more banks were halted on the stock exchange as their stock prices collapsed.

Those three banks are PacWest Bankcorp, Western Alliance and Metropolitan Bank.https://t.me/DDGeopolitics/59524

DDGeopolitics/59524

[Bill Ryan]

Chris Martenson's 25 minute analysis, just published: :thumbsup:

What Does The Latest Bank Failure & Bailout Mean?


http://www.youtube.com/watch?v=sL6PjvDCLmw

[ExomatrixTV]

1653494128322150400
Robert F. Kennedy Jr. will run for Presidency Challenging Joe Biden 2024 (https://projectavalon.net/forum4/showthread.php?120744-Robert-F.-Kennedy-Jr.-will-run-for-Presidency-Challenging-Joe-Biden-2024)

[Bill Ryan]

Chris Martenson's 25 minute analysis, just published: :thumbsup:

What Does The Latest Bank Failure & Bailout Mean?


http://www.youtube.com/watch?v=sL6PjvDCLmwMartenson followed that up just now with this 10-minute update:

The Fed Raised Rates, Recession Is Coming!


http://www.youtube.com/watch?v=-KYul_0YlV8

[ExomatrixTV]

Banks Are Collapsing (The Government Caused This!) (https://rumble.com/v2lz8mc-more-banks-are-collapsing-the-govnt-caused-this.html)

[Ravenlocke]

https://twitter.com/BitcoinMagazine/status/1654130462963671043

1654130462963671043

¤=[Post Update]=¤

https://twitter.com/BitcoinMagazine/status/1654133767974387715

1654133767974387715

[Ravenlocke]

https://twitter.com/Spriter99880/status/1654156671113912321

1654156671113912321

[pyrangello]

Yep , move everything you have to a credit union local. obtain gold and silver coins if you can , this will be the insurance when the U.S. dollar goes down your coins will go up.

Keep some cash at home too or in a good hiding spot ,if possible. :)

[Ravenlocke]

https://twitter.com/Spriter99880/status/1654179084430131220

1654179084430131220

[ExomatrixTV]

1653659447984631808
Images are circulating on the internet of a meeting (https://youtu.be/OVO4LjRPir8) held in November by the US regulator FDIC. It's a meeting they don't want you to see, former Fox News host Clayton Morris recently said on his show Redacted News (https://rumble.com/v28ofr6-no-one-is-ready-for-whats-coming-in-2023-and-the-banks-are-in-deep-sht-reda.html).

In addition to members of the FDIC, lawyers and bankers also sat at the table. At the meeting, they admit that a financial crash is imminent. They would rather not have much attention paid to it because then people will take their money away from the financial institutions.


No trust

In the meeting they also say – laughing – that they have no confidence in the banking system. They also say that you don't need to know all this and that only a select few should be informed, i.e. the rich. If you advertised this, people would get scared and take their money out of the bank. Then they would no longer be able to use people's money to bail out other banks.


Bigger

Meanwhile, the current banking crisis is bigger than the one in 2008, economist Peter St. Onge said Thursday (https://twitter.com/profstonge/status/1654132693112610816?s=20).

Financial expert Ab Flipse responds: “Watch out, shocking images. What you absolutely must not know! 'The next crash is coming' .”


dutch (https://www.ninefornews.nl/pas-op-schokkende-beelden-wat-jij-absoluut-niet-mag-weten-over-de-volgende-crash/) 🇳🇱 (+ Multi-Language Options). 🦜🦋🌳

[ExomatrixTV]

Why Economic Collapse Is Imminent:

oxy2UFcDHRQ

[Bill Ryan]

The Duran's new interview with Mitch Feierstein, the 2012 author of Planet Ponzi: How the World Got Into This Mess, What Happens Next, How to Save Yourself. (https://www.amazon.com/Planet-Ponzi-World-Happens-Yourself/dp/0985036923) (That's still very much the topic of this video.)

Because of audio problems at the beginning, start in at 7:24. Buckle up — Feierstein is very civil, but his statements are crystal clear and very strong. :muscle:


http://www.youtube.com/watch?v=SRxqoDXismc

[Sue (Ayt)]

Karl Denninger has long been screaming about all this since 2008 and the bail-out. For years he has explained that the US has been playing "kick the can" down the road, but the end is inevitable.

Here is his latest:

UR Hosed
[Comments enabled]
Well I hope you enjoyed the monetary speedballs because now comes the hangover, and if you try to demand that any more speedballs are administered the nation's heart will explode and die.

Let me point out something you won't see reported in the lamestream media.


The 0.9-percent productivity decline is the first time the four-quarter change series has remained negative for five consecutive quarters; this series begins in the first quarter of 1948.

Of course we didn't have this series in, oh, 1930.

Go figure.

It gets worse.


Unit labor costs in the nonfarm business sector increased 6.3 percent in the first quarter of 2023, reflecting a 3.4-percent increase in hourly compensation and a 2.7-percent decrease in productivity. Unit labor costs increased 5.8 percent over the last four quarters. (See chart 2 and tables A1 and 2.)

What's the common definition of "progress"? Do more with less.

What's this?

Do less but pay more.

And its not "transitory" either. In fact the cost side of the figures has been strongly positive, running in the 6% range for two years now.

I know the common talking-head nonsense: Inflation will come down over time, its all ok, rates will moderate, they can stop raising them and draining liquidity (and have to), we can keep putting more on the government charge card and that's fine too.

That's all BS.

Both the last and current administrations turned to steroids and speedballs in the monetary area after what Obama got away with in the wake of 2008. That was stupid in 2008, by the way, and if you remember in the spring of '09, basically right now in terms of time of year, Congress declared that FASB was either going to ignore the fact that the banking system had made bad loans and was deeply underwater or Congress was going to legislate it.

The market turned literally on that day and went on a heroin-and-meth tear, entirely ignoring that zero of this had to do with actual innovation and advancement and all of it -- literally all of it -- was due to nothing more than having $50,000 of income and spending $100,000 a year with the balance all on credit at ever-expanding exponential rates.

This isn't fixable by trying to come up with a "permanent plateau" (who remembers their history?) because the premise of it is not spending within means but rather ever-expanding, exponentially-so, the amount spent beyond the amount earned.

Folks, you can try to glad-hand this if you wish, but it won't work -- not because it would be nice if it could and would but because it can't.
https://market-ticker.org/akcs-www?post=248732

[grapevine]

US debt crisis could crash the world's economy, warns Treasury Secretary
Failure to lift limit would undermine Washington's global economic leadership

https://www.telegraph.co.uk/business/2023/05/11/us-debt-crisis-janet-yellen-world-economy-crash/

A failure to resolve the ongoing crisis over the US debt ceiling would trigger a global economic downturn, Treasury Secretary Janet Yellen has warned.

The White House is currently locked in talks with Republican lawmakers about raising the legal limit on how much the government could borrow.

Without a resolution, the US could run out of money as soon as early June.

In remarks ahead of a G7 meeting in Japan, Ms Yellen said: “A default would threaten the gains that we've worked so hard to make over the past few years in our pandemic recovery.

“And it would spark a global downturn that would set us back much further.”

Ms Yellen urged Congress to raise the $31.4 trillion federal debt limit, saying a failure to do so “would also risk undermining US global economic leadership and raise questions about our ability to defend our national security interests.”

The debt ceiling refers to a fiscal rule that dictates how much the US government can borrow.


. . . . . . .

Obviously this will affect The West more than others, but what help could they get from BRICS, if any, who will still be greatly impacted if/when the US goes belly up?

[Ravenlocke]

https://twitter.com/TheCradleMedia/status/1658557722906771457

1658557722906771457

https://thecradle.co/article-view/24889/51-billion-lost-by-lebanese-depositors-since-2019-bank-official

$51 billion lost by Lebanese depositors since 2019: Bank official

The Secretary-General of the Association of Lebanese Banks, Fadi Khalaf, revealed that approximately $51 billion of Lebanese depositors’ funds have been lost since late 2019, Sputnik reported on 16 May.

While speaking about Lebanon’s banking crisis and ongoing negotiations with the International Monetary Fund (IMF), Khalaf stated that it has been “forty-three months, during which depositors lost fifty-one billion dollars of their deposits, and the state is still discussing projects, then withdrawing some of them and reformulating others, and if some laws are approved, the IMF is dissatisfied with them.”

He said that the $51 billion of depositors’ funds were dispensed as loans granted to the private sector or to the government to fund the purchases of imported goods, including fuel.

Funds loaned to the government came from mandatory bank reserves, which are hard currency deposits parked by local lenders at the central bank. These reserves represent a percentage of customer deposits and are usually not drawn upon except in exceptional circumstances, with the correct legal permission.

The secretary-general of the Association of Banks mourned what he described as “politics” that “preferred to transform the Lebanese economy into something resembling communist economies, yet the state did not even respect the concepts of communism, so the bulk of what was squandered went to the pockets of powerful beneficiaries [in Lebanon] and abroad more than to the people.”

In March, the IMF warned that the government must stop borrowing from the central bank and that its failure to implement reforms had exacerbated the country’s economic and banking crises.

“One would have expected more in terms of implementation and approval of legislation” related to reforms, IMF mission chief Ernesto Rigo told a news conference, while noting “very slow” progress. “Lebanon is in a very dangerous situation,” he added, in what Reuters described as “unusually frank remarks.”

Lebanon signed an agreement with the IMF nearly one year ago but has not met the conditions to secure a $3 billion aid package.

Without implementing reforms, Lebanon “will be mired in a never-ending crisis,” the IMF warned in a written statement.

Since 2019, the lira has lost 98 percent of its value against the US dollar, leading to crippling inflation, mass poverty, and a wave of emigration from the small Mediterranean nation.

The crisis erupted after decades of reckless spending and corruption among Lebanon’s elite, some of whom led banks that lent heavily to the state, including billionaire and former prime minister Saad Hariri.

Losses in the financial system are estimated at more than $70 billion, the majority of which were accrued at the central bank, which borrowed dollars from private banks at unusually high-interest rates to maintain an unsustainable peg of the lira to the dollar.

“No more borrowing from the central bank,” Rigo said, while warning that Lebanon should move towards a floating exchange rate based on market forces rather than maintaining multiple rates determined by the central bank.

¤=[Post Update]=¤

https://twitter.com/TheCradleMedia/status/1658503490627420167

1658503490627420167

https://thecradle.co/article-view/24894/france-orders-arrest-of-lebanon-central-bank-chief

France orders arrest of Lebanon central bank chief

French prosecutors have issued an arrest warrant for Lebanon’s Central Bank Governor Riad Salameh, Arab News reported on 16 May.

The warrant comes after Salameh failed to attend a court hearing in Paris. Prosecutors intended to press preliminary fraud charges, court documents and two sources said.

Salameh has attempted to avoid arrest and has failed to show up for court hearings in his native Lebanon in the past.

In March, the Lebanese Ministry of Justice asked the judiciary to arrest Salameh and his assistant Marianne Majid Howayek, as well as to seize their properties and freeze their bank accounts.

The request came after Salameh was absent from a hearing held on 15 March by a local judge along with European investigators, who were tasked to investigate charges against the central bank governor, including “bribery, forgery, money laundering, illicit enrichment, and tax evasion.”

In March 2020, France, Germany, and Luxembourg seized properties and froze assets belonging to Salameh worth 120 million euros in a major operation linked to money laundering.

The accusations stem from the activities of a brokerage firm Salameh and his brother established, Forry Associates, that took some $330 million in fees for brokering the sale of Lebanese government bonds between 2002 and 2015, $200 million of which was allegedly transferred to Salameh’s personal accounts with various Lebanese banks.

The sale of these government bonds was at the heart of a banking Ponzi scheme established by Salameh that became unsustainable and finally began to collapse in October 2019.

This resulted in a financial crisis that caused the value of the Lebanese lira to crash by some 98 percent, wiping out the life savings of many and causing widespread poverty as prices of everything, including essential goods, skyrocketed. Some estimates of losses for Lebanese bank depositors have amounted to roughly $111 billion.

[halcyon026]

Here's a dataset on FDIC failed banks since 2000.

https://www.kaggle.com/datasets/nidzsharma/failed-bank

[Ravenlocke]

https://twitter.com/dana916/status/1685121275881021440

1685121275881021440

[onawah]

Is the US the Next USSR? John Michael Chambers Drops Intel
7/30/23
https://forbiddenknowledgetv.net/is-the-us-the-next-ussr-john-michael-chambers-drops-intel/

"I had a whole news show planned for Friday night but then, American Media Periscope founder, John Michael Chambers showed up and we had a conversation, instead.

I begin by talking about Dr Joseph Mercola, who was de-banked by Rockefeller-owned Chase Bank. Chase not only shut down Dr Mercola’s bank account but they also shut down the accounts of his employees AND their family members! The Rockefellers apparently want to transform the United States into North Korea.
https://forbiddenknowledgetv.net/dr-mercola-exposes-the-covid-lockdown-as-trial-run-for-the-next-engineered-pandemic-crisis/

Mercola had already been de-banked by another institution a few years ago and he was threatened to such a degree; that he would be sued and that his web domain that he’s operated since 1997 would be seized, that he was forced to remove 26 years of content from his website. He no longer leaves posts up there for longer than 48 hours, having now moved his blog to Substack. That he’s been de-banked again – in addition to his employees and their family members – is a signal to him that the Satanic Deep State is getting ready to launch a new attack that makes COVID look like a walk in the park.

John Michael Chambers is no stranger to de-banking and de-platforming; he was de-platformed by all of the social media companies and he was de-banked by PayPal, so I wanted to get his 40,000 foot view of this second de-banking of Dr Mercola.

We’ve also all been hearing lots of rumors about the imminent collapse of the US dollar and/or the imminent collapse of the entire Western banking system and how everybody in the so-called “Free World” will soon be effectively de-banked.

The Federal Reserve System has announced that their FedNow service has gone live. https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm
Greg Reese made a report about how the FedNow will be the transaction processing system for the Federal Reserve’s programmable Central Bank Digital Currency.
https://forbiddenknowledgetv.net/the-fed-launches-phase-one-of-their-cbdc-this-month/

Since John is a financial guy, I wanted to get his views on these rumors and developments and where he thinks things are headed financially, politically, geopolitically, etc over the next 24 months.

John talks about how the Federal Government of the US is about to collapse, just as the Soviet Union did but that this doesn’t
mean that the US dollar ends – same way that the Russian Ruble didn’t end. Like the Ruble, the USD will get severely pummeled for a while but it will survive."

v30frr8/?pub=ijro7

[Ratszinger]

I think the citizenry of the USA is tapped out for credit so badly they simply had no choice but to open the border for an inflow of new creditors that they can loan $ to so the FED can continue to print new money.

Most Americans cannot come up with $400 dollar cash for an emergency according to new reports being read by talking heads on TV local channels lately. Earlier I saw an article saying most US citizens had two or more maxed out credit card debt with the av. balance owed of get this? $80,000 and that is not even including the mortgages, sometimes double and triple ones, and insuracnce a major bill these days. Then we have car and lease payments, school for children or college, some have adult children living at home again and have inherited some fo their bills.

Then we have utilities, groceries and dealing with inflation and by the time we get all that and water and trash paid for there is hardly any left pay check to pay check. As I've pointed out elsewhere here, when Rome was tapped out the same way for cash and credit they freed the slaves to save the empire. For a time that worked until those slaves ruined their credit and cash situations also and then the empire began crumbling. We in the US were facing that and in our usury system of money creation that cannot happen. So we didn't have slaves to free, we opened the borders.

So due to the fact that Americans have wide and far mismanaged their credti and cash situations so badly and still do so that when they can't pay anymore bills and lose their home, have their cars taken and are kicked to the streets they have new clean slates to loan money to that can pay the bills and isn't strapped in debt and a cash flow situation to move right into them and pick up where they left off. And best of all unlike Rome where there was a limit to the number of new creditors for us it's an endless stream. So when the new residents mismanage their situation the same as the first did they have new to replace them over and over and over to infinity.

As far as the Federal Reserve and your surviving banks are concerned those immigrants are more important to them than the tapped out law abiding native citizenry!

[shaberon]

As I've pointed out elsewhere here, when Rome was tapped out the same way for cash and credit they freed the slaves to save the empire. For a time that worked until those slaves ruined their credit and cash situations also and then the empire began crumbling. We in the US were facing that and in our usury system of money creation that cannot happen. So we didn't have slaves to free, we opened the borders.


Precisely because Rome and the U. S. refuse to participate in Debt Jubilee.

That is how Babylon and Greece managed it.

Here, we are so much not supposed to know about it, that even mentioning it, all you get is blank stares.

Otherwise, yes, all that happens is human churn with no regard for widespread misery, coupled with the fact that most of the perpetrators have easy escape routes, i. e. multiple homes around the world.

[norman]

Yet, the banks seem to feel like they have enough power, still, do the de-banking tactic.

How does that fit in ?

People need banking as a payments service now like never before. Elon Musk is probably feeling a bum rush from them to get his X service fully functional fast enough, not unlike how Q and Trump bum rushed the pandemic etc.

Net result, one way or another, we are being pushed into the arms of services that handle the parts of 'banking' that we cannot function without.

[Bill Ryan]

This fascinating interview with Alex from Reporterfly (which I was NOT well-equipped to fully understand) was aired live on The Duran yesterday. This might be the best thread for it that we have, though it's not about the banks going belly up: it's about everything going belly up — starting with the imminent implosion of the derivative market, possibly triggered by the rise in natural gas prices this winter.

The market spot price of natural gas today is $3.12. When it nears $4, Alex states, as he suspects it will do quite soon, everything will come down.

We've seen many 'sky-is-falling' warnings about the precarious state of the global financial system, but this video is so apocalyptic all the others pale in comparison. It'd be easy to dismiss, if it didn't all sound so very serious and plausible.

Derivatives and the Coming Collapse


http://www.youtube.com/watch?v=sAErqW7vj7Y

[onawah]

(Banks in China are going belly up already. Just a few signs of it, among many):

Over $150 Billion Flowed Out of China, with Hong Kong as a Hub for Underground Banking
China Observer
292K subscribers
37,865 views 10/17/23

"Under the banner of "common prosperity" promoted by Xi Jinping, China is witnessing a massive capital outflow. Due to its unique position, Hong Kong has become a transit hub for the wealth exodus of China's elites.
On September 29, the Hong Kong Monetary Authority announced that renminbi deposits in Hong Kong increased by 6.0% in August, reaching 962.5 billion yuan (about 134 billion US dollars) at the end of August.
On the other hand, the Hong Kong foreign exchange fund, which supports the stability of the Hong Kong dollar's exchange rate and essentially serves as the government's fiscal reserve, decreased by 35.8 billion Hong Kong dollars (approximately 4.57 billion US dollars) in August.
This indicates the undeniable capital outflow from Hong Kong, and the scale is quite significant."

fTylQ4ATjF8

***********

(Local governments in China are in deep debt. They try to compensate by taxing and ticketing the populace more. )

Shocking Truth Behind ‘Great Escape’ In Changchun; 6 Charts Reveal China's Mountain of Local Debt
China Truths
28.6K subscribers
10/17/23

"Shocking! Changchun Suddenly Stages A ‘Great Escape,’ The Truth Leaves People Completely Stunned
6 Charts Reveal China’s Local Government Debt Problems
Iphone 15 Sales In China Are Worse Than Iphone 14
Another Economic Problem For China: Commercial Real Estate Downturn

oNoZ8yNc3T8

***********
What This $100B Ghost City Reveals About China’s Property Crisis | WSJ
The Wall Street Journal
4.76M subscribers
Sep 11, 2023

"Country Garden, once seen as one of China’s most stable property developers, is now struggling financially, leaving the future of unfinished megadevelopments like the $100 billion Forest City in doubt.

The real estate project in southern Malaysia was planned to house around 700,000 people, but only 9,000 people live there with most units left empty. So why are Chinese real estate companies like the Evergrande Group and Sunac falling into financial distress?

WSJ explains why China’s real estate developers are in the red.

0:00 Forest City
0:48 China’s real estate market
2:56 What’s next? "
D0PxRxwTa50

(Another BIG problem not mentioned here is that typically Chinese construction is deplorably shabby and unsafe, actually falling apart soon after building. )

[Bill Ryan]

This fascinating interview with Alex from Reporterfly (which I was NOT well-equipped to fully understand) was aired live on The Duran yesterday. This might be the best thread for it that we have, though it's not about the banks going belly up: it's about everything going belly up — starting with the imminent implosion of the derivative market, possibly triggered by the rise in natural gas prices this winter.

The market spot price of natural gas today is $3.12. When it nears $4, Alex states, as he suspects it will do quite soon, everything will come down.

We've seen many 'sky-is-falling' warnings about the precarious state of the global financial system, but this video is so apocalyptic all the others pale in comparison. It'd be easy to dismiss, if it didn't all sound so very serious and plausible.

Derivatives and the Coming Collapse


http://www.youtube.com/watch?v=sAErqW7vj7Y~~~

Here's the price of natural gas, as of the last week. It spiked well over $4 a couple days ago, and is now hovering steadily around that level.

If Alex's confident prediction is anywhere close (see above highlighted in red), that suggests that the collapse may quite soon now be on its way.

https://avalonlibrary.net/Bill/natural_gas-2025-01-15.jpg

Edit to add:

The year-to-date chart, showing the steady increase towards $4.00:


https://avalonlibrary.net/Bill/natural_gas-2025-01-15_last_year.jpg

[Michel Leclerc]

Thank you for this, Bill. It is of the utmost importance.

***

In this context, I would like to share a little anecdote.

One of my communication consulting company’s early customers used to be a local Belgian bank, which at around the millennium changeover became a local branch of one of the larger international banks.

At the end of the 90s I was entrusted with a new coachee, who had a rather mysterious job description – and, more mysteriously even, occupied a top-floor office right above the CEO’s office. We will call him Mr X. (Allow me to anonymise or “white-lie-ise” a few elements for everybody’s benefit.)

Mr X was German-speaking and I was tasked to bring his French (which was quite good) up to perfect “international” levels, using our celebrated “turbo” techniques for high-end-IQ-ers. (Playing not a language teaching, but a language learning coaching role.)

His rectangular office was at the building’s angle; two sides were inner walls, two sides glass windows. Mr X sat with his back to the wider inner wall, facing the beautiful external city landscape, and me, who sat opposite him. Behind his back, occupying almost the entire inner wall (maybe six to eight meters wide) were floor-to-ceiling bookshelves. As I sat I could not help scanning the books – it is quite customary to encounter, in a top executive team member’s office, mind you: five books, or ten books, or maybe even twelve – almost all devoted to the latest management consulting mantra, waiting to be pulped as soon as the next craze floods the world of keeping “business”.

I looked at him (he was middle-aged), noticing that he had been studying me. He smiled and said, with a twinkle in his eyes (this is not me attempting to tell a story, I really noticed it at the time): “Quite a number of books, is it not, Mr Leclerc?”

Probably he had correctly guessed the approximate truth, i.e. that at our modest offices, and at my own and my partner’s homes there were similar walls, and hence even my answer:

“Well, I am familiar with such quantities of books, but not with this library’s subject matter..”

— because they were, as far as I could see, all devoted to finance and higher mathematics..

“They are indeed rather specialised,”, he said, and then presented himself for the next 10 to 15 minutes…

***

What he said amounted to the following.

He was a top-level mathematician and finance theorist, and actually worked not for our customer, but for the international bank that our customer was a branch of.

“Do you know what derivatives are?”, he asked me. I understandably did not.

And then he explained it, briefly, in a way that I could understand probably, basically saying that they were bundles of bad debts being “ensured” (he used the same term as the derivative trader does in the conference) through selling them on another, “derived”, market — as in the world of reinsurance, which I was a bit more familiar with – but with the caveat that they were not “bad debts” of final customers, as when you and I are defaulting on our mortgage payments, but gigantic bundles of bad debts at the level of middle-sized to major banks and insurance companies, trading banks etc. One might say: Tower-of-Babel like, or ziggurat-like bundles becoming a new product, which itself at its level enters into a new bundle, which then etc.

I then probably asked for a confirmation of my obvious supposition that he was involved with this “new kind of financial instrument”.

“Yes”, he said, “I developed it – with a few other specialists – from other major financial institutions – in Europe, in America.”

I knew what a Ponzi scheme was, and may have asked him something like:

“Where does it end? Is there a final level, a ceiling to this derivation?”

To which he replied that no, there was not really an end to it – “at least not of a financial nature” – we now know what that means, don’t we? – “and that is why I am here”.

Again, I do not intend to write a nice little story. It was literally what he said.

He explained (I paraphrase) that he had withdrawn from the developing team “because he felt, and was, unable to contribute to solving the issues raised by the financial instruments concerned” – and added in the best French he could muster:

“so they decided to park me here” — park was his word (garer).. –, “so that I could devote my abilities to a different kind of study and development”.

Was he being ironical? Anyhow, they had bought him off because he knew an embarrassing lot. Financially safe for the rest of his life – in exchange for his silence.

***

His silence. But then he had talked to me. Being the confessor has been the role I have quite a few times had to play in my life. However, when the coachee confesses the things that really gnaw at his/her soul, the relationship with the coach changes.

This was not different. The conversation switched to the planning of our mutual commitment – but the assignment never materialised. Requests for an agenda could not be met by his secretary :“you know Michel, Mr. X is very busy, I have not seen him for more than a month now..” I did not see him anymore, nowhere, not in the cafetaria, not in his office. From where I could have scanned the office interrior, I was unable to see whether the wall was still covered with rows and rows of specialist books.

Maybe he had only needed to tell his story once, and then could disappear. Where to, and how?

I told this story to friends. No one seemed to understand the implications.


p.s.: I added/modified a few words, to get closer to the truth of what I recall

[norman]

No one seemed to understand the implications.

The room was bugged ?

[Michel Leclerc]

...no
...?
You recall that when derivatives became a cocktail party talk topic (at least a few years later), admiration for the ingeniousness of those "financial wizards" was always in the mix – warning signs became predominant at about… what? 2006, 2007?

[Ravenlocke]

https://x.com/UnicusResearch/status/1874866620734341120

1874866620734341120

Text:

2. According to a latest S&P report, the banking industry's auto loan delinquency ratio rose to 3.13% from 3.05% in the previous quarter and 2.95% in the prior-year period. Delinquent auto loans totaled $16.18 billion, up from $15.81 billion at June 30 and $15.89 billion at Sept. 30, 2023.

https://x.com/UnicusResearch/status/1874866628204036413

1874866628204036413

https://x.com/UnicusResearch/status/1874866634596499678

1874866634596499678

https://x.com/UnicusResearch/status/1874866640049012904

1874866640049012904

[Ravenlocke]

https://x.com/NewRulesGeo/status/1879529793206800710

1879529793206800710

https://x.com/NewRulesGeo/status/1879529800936620204

1879529800936620204

https://x.com/NewRulesGeo/status/1879529808553713956

1879529808553713956


https://x.com/NewRulesGeo/status/1879529816485155016

1879529816485155016


https://x.com/NewRulesGeo/status/1879529824689287356

1879529824689287356

[shaberon]

No one seemed to understand the implications.


Perhaps along the lines of "unintended consequences"?

That's my issue with most of the brilliant schemes that are cooked up behind closed doors. They have a tendency to "win the battle. lose the war".

It's why I recommend the material from Michael Hudson. He designed Bretton Woods. It's very similar to what you just described, except it is in New York City with David Rockefeller, and goes on far longer.

It's very similar to treaties by map-makers and other types of imposed conditions.

The man who has the power today is too Stupid to make a better future.

"Derivatives" are a third- or fourth-generation by-product of "imaginary finance". Today, it's "re-hypothecated derivatives".

What is this, but the sin of profit and gain, the heart of Capitalism. It's an artificial process, opened in London, 1694, which is terrified of you breathing a word of "alternatives", such as any other economic system, like transformed China in about twenty years. We have to demonize them, or they will call out all the phony stuff.

I'm already beat to nothing, soaring energy costs will Germanize the rest of the "bloc", and yes, we believe this is the main thing that will make Americans revolt. Meaning that they will steal and destroy everything.

Germany has been stagnant since the American occupation. The only growth is immigration. The only progress is the kind posted above.

After all, it was just a milch cow to feed Israel, and since that sum was paid in about sixty years, there is no need for it.

[Ravenlocke]

https://asiaontheway.com/vietnam-86m-bank-accounts-soon-to-be-closed

Vietnam: 86M Bank Accounts Soon to Be Closed
Starting September 2025, Vietnam will shut down 86M inactive or non-biometric bank accounts. Expats and travelers: here’s what you need to know.

Starting September 1, 2025, Vietnam will close over 86 million inactive or non-biometric bank accounts. A sweeping move that fits into the country’s digital transformation… and could directly affect expats, travelers, and freelancers.

Why this decision?

Vietnam has nearly 200 million bank accounts opened.

Many are inactive, dormant, or used fraudulently.

To protect the financial system, the State Bank of Vietnam now mandates biometric authentication (via VNeID or chip-based ID card).

Result: only about 113 million personal accounts and 711,000 organizational accounts will remain active after the clean-up.

The introduction of biometrics and VNeID

To address these risks:

Banks now require biometric authentication (fingerprint or facial recognition), linked to the VNeID (official digital identity) or chip ID card.

Only accounts that are verified and compliant will stay open. This requires updating the data through branch visits or mobile apps, or linking the account to VNeID.

Consequence: a digital “spring cleaning”

After this sorting process:

Of the nearly 200 million accounts, just around 113 million personal accounts and 711,000 business/organization accounts will remain.

Roughly 86 million accounts, or 43 %, will be closed for inactivity, fraud risk, or lack of biometric authentication.

What to expect in Vietnam

The banking sector aims to clean up its client database, boost trust, and prepare the ground for a digital expansion (e-payments, online services…).

As of July 2025, fraud and loss cases reportedly dropped by more than 50 %, according to the State Bank.

Individuals and businesses must comply to keep access to their accounts and online services.

Is Vietnam becoming a regional pioneer?

These policies make Vietnam one of Asia’s most advanced countries in integrating biometrics and digital identity into retail banking, similar to recent moves in Thailand.

Another step toward a “cashless” society

Cashless payments are surging: in 2024, the value of digital transactions exceeded 26 times Vietnam’s GDP.

A digital VAT (effective July 2025) encourages non-cash payments.

Since biometrics started, fraud victims have dropped by 57 %.

In short, Vietnam is pushing hard toward a cashless society.

Who is affected?

Accounts that were never used or are dormant.

Accounts opened with outdated or invalid documents.

Accounts lacking biometric authentication.

If you’re an expat, long-term traveler, or digital nomad, now’s the time to check your account status.

Expats, digital nomads, long-term travelers: beware!

Non-residents and foreign residents must complete biometric verification. This often requires going to a branch with a valid passport or ID, depending on the account type.

Check your account status in the banking app or contact your bank ASAP. If unsure, proactively update your ID and complete biometric verification in branch or via official channels.

Summary

Neglecting these obligations risks immediate account block or permanent closure, cutting off access to funds and banking services—even for foreigners.

What to do to avoid surprises

Contact your bank to check if your account is compliant.

Update your personal information and complete biometric authentication.

Activate your account by making a recent transaction (even nominal).

Have a backup plan: open a new account (local or international), or use e-wallets to maintain financial access if needed.

Steps to take now

Contact your bank (phone, email, or branch) to verify compliance and requirements for biometric verification.

Update your documents: valid ID (passport, residency card, visa), current address, phone number, and personal status.

Complete biometric verification: visit a branch for facial or fingerprint scans, or use your bank’s mobile app if supported—this is crucial for compliance.

Make a transaction: a small transfer or payment signals that the account is active and reduces risk of automatic closure.

Prepare a Plan B

Consider alternatives: open a new account with another local bank, an international neobank (Wise, Revolut, etc.), or use e-wallets (MoMo, ZaloPay, ShopeePay…) to keep managing funds and transferring money if needed.

Practical tips for expats and travelers

Test if your banking app still works after September 1.

If you rely on a local account for salary or rent, update your details immediately.

Use widely adopted e-wallets (MoMo, ZaloPay, VNPay)—convenient and growing fast.

Always maintain an international fallback (Wise, Revolut, etc.) for emergencies.

What happens to money in closed accounts?

If a closed account has a positive balance, the bank is legally required to return the funds to the account holder or heirs. If the owner doesn’t respond, funds are handled according to legal procedures, which can take months.

Dormant accounts may accrue fees until the balance reaches zero, at which point they’re formally closed.

Vietnamese bank accounts: heading toward an IBAN?

Since the announcement of over 86 million inactive accounts getting closed as of September 2025, a frequent question from expats and travelers is: will Vietnamese banks adopt an IBAN like in Europe?

What is an IBAN?
The International Bank Account Number (IBAN) is used in the SEPA zone and elsewhere to identify accounts in transfers. It includes country code, account number, and sometimes bank code.

How does it work in Vietnam today?
Vietnam does not use IBANs. Transfers rely on:

A local account number

A SWIFT code for international transfers

Bank-specified details
Example: to transfer from France to Vietnam, you need the SWIFT code (e.g., BIDVVNVX for BIDV) plus your account number.

Does the new law change anything?
No, biometric account closures do not introduce an IBAN. They aim to standardize services, digitize payment methods, and secure transactions—but there’s no IBAN rollout scheduled for 2025.

Towards international compatibility?
Even without IBANs, Vietnam is pushing for banking interoperability:

Card payments (Visa, Mastercard) are expanding

E-wallets (MoMo, ZaloPay, VNPay) are booming

Potential future alignment with SEPA-like standards might pave the way for an “Asian IBAN” or regional norm.

Practical advice for expats:

Always note your SWIFT code and account number.

Request a “bank confirmation letter” from your bank detailing account information.

Compare international transfer fees (BNP, Société Générale, ING, etc.).

Use low-cost options like Wise or Revolut to reduce fees.

Conclusion

No, this new law does not grant Vietnamese accounts an IBAN.
However, it paves the way for a more modern, secure, and globally compatible banking system.
For expats, this means staying informed, keeping records, and being ready for international transfers with the right codes.

❓ FAQ – Everything you need to know about opening and managing a bank account in Vietnam

The rest of the article here,

https://asiaontheway.com/vietnam-86m-bank-accounts-soon-to-be-closed

[Ravenlocke]

Armstrong Econimics,

Vietnam has erased and/or frozen 86 million unverified bank accounts as the nation surrenders to the globalist Great Reset. Anyone wishing to function in society must surrender their biometric data to maintain a bank account. https://zurl.co/XI4hS

https://x.com/StrongEconomics/status/1965441887676072388

1965441887676072388



https://www.armstrongeconomics.com/international-news/great-reset/vietnam-erases-86-million-bank-accounts-the-great-reset-in-motion/

Vietnam Erases 86 Million Bank Accounts – The Great Reset in Motion
Posted Sep 9, 2025 by Martin Armstrong |

Vietnam has erased and/or frozen 86 million unverified bank accounts as the nation surrenders to the globalist Great Reset. Anyone wishing to function in society must surrender their biometric data to maintain a bank account. The State Bank of Vietnam (SBV) claims that the measure was a system cleanup aimed at preventing fraud. In actuality, the measure is one step closer toward a national ID system that enables the government to control its citizens’ every move.

“This is a data-cleansing revolution,” said Pham Anh Tuan, Director of the Payment Department. “While the total number of bank accounts remains 200 million, by September 2025, once the legal framework is complete, all accounts without biometric data will be closed to prevent scams and fraud. After seven years of promoting non-cash payments, we are moving toward real efficiency.”

Vietnam recently implemented a nationwide digital ID (e-ID) system called VNeID that requires both citizens and foreign residents to surrender to the matrix and permit the government to store their personal information in a centralized database. Fingerprints, facial biometric data, photographs, passports, nationality, criminal records, and even medical records will be stored in the government database. Participation is not optional.

Project 06 launched in January 2022, hailed as a technological revolution to digitize the country. Project 06’s full name is the “Project on Developing Data Applications on Population, Identification, and Electronic Authentication to Serve National Digital Transformation in the 2022-2025 Period (Vision 2030),” which aligns entirely with the World Economic Forum’s plans for the Great Reset. The concept has been sold to the people as a convenience measure, but in truth, the aim is centralized, unrestrained control over the entire population.

Everything from banking to renting an apartment is linked to the digital ID. One wrong move and the government can completely erase someone from the system. One glitch in the power grid and the nation will come to a standstill. The Vietnamese government has the power to halt a person’s life instantaneously.

High-level Vietnamese officials met in Davos in January 2025, and shortly after, began voicing concern for bank accounts that were unverified through biometric data. Vietnam has been actively seeking OECD membership and signed a Memorandum of Understanding, citing that Project 06 will enable the nation to meet the OECD’s guidelines for regulatory reforms. Vietnam was one of the last nations disconnected from the Automatic Exchange of Information (AEOI) that requires members to share banking information under the pretense of preventing tax evasion.

Vietnam signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC) with the OECD in March 2023, enabling automatic exchange of tax and financial information with over 146 jurisdictions. In early 2025, shortly after Davos, Vietnam joined the Multilateral Competent Authority Agreement (MCAA) for Country-by-Country Reporting (CbCR), broadening its commitment to AEOI and international tax transparency. In February 2025, Vietnam activated CbCR exchange relationships with 29 jurisdictions including the entire European Union.

Globalist entities defy democracy and demand the complete surrender of national sovereignty under the belief that the world population must be controlled by one centralized force. The majority of world leaders have willingly surrendered, unaware of the full extent of power a small unelected few will yield if the Great Reset succeeds.


https://vietnamnet.vn/en/vietnam-to-close-86-million-inactive-bank-accounts-by-september-2407820.html


Vietnam to close 86 million inactive bank accounts by September

Vietnam will close tens of millions of unverifiable bank accounts by September 2025 under new digital payment regulations.

At a press conference for the 2025 “Cashless Day” held on June 2, Pham Anh Tuan, Director of the Payment Department at the State Bank of Vietnam (SBV), said the central bank has been actively strengthening legal and institutional frameworks to support the development of cashless payments.

With legal backing from the SBV and investments in payment infrastructure, non-cash payments have seen tremendous growth. In 2024, the total value of non-cash transactions reached over 295.2 quadrillion VND (approx. $11.57 trillion), 26 times the GDP. By the end of 2024, 86.97% of citizens aged 15 and above had bank accounts.

Compared to 2023 (87.08%), this represents a slight decline, which Mr. Tuan attributed to the ongoing data cleansing and biometric verification process.

Vietnam previously recorded 200 million bank accounts nationwide. After verification, only 113 million personal accounts and over 711,000 organizational accounts are considered active.

“This is a data-cleansing revolution,” said Tuan. “While the total number of bank accounts remains 200 million, by September 2025, once the legal framework is complete, all accounts without biometric data will be closed to prevent scams and fraud. After seven years of promoting non-cash payments, we are moving toward real efficiency.”

According to the General Statistics Office (now part of the Ministry of Finance), as of December 31, 2024, Vietnam had over 69 million adults aged 15 and above. More than 68 million of them had bank accounts, highlighting how far cashless payment adoption has come.

Tuan also noted that the 2025 “Cashless Day,” now in its seventh year, carries the theme “Non-cash payments driving digital economic development.” The event underscores that digital payments are more than just a transaction method - they are a strategic foundation connecting all sectors of the digital economy.

Cashless payments, he said, form the core of a seamless and evolving digital ecosystem, helping Vietnam move toward a modern, transparent, and inclusive economy.

TÀI TRỢ

In line with the national plan on developing cashless payments for the 2021–2025 period (under Decision No. 1813 by the Prime Minister), the SBV has closely collaborated with ministries, local authorities, and stakeholders to build legal frameworks, adopt new technologies, and innovate service models. This has led to a safer, more secure, and more user-friendly payment environment, enhancing customer experience and accelerating the transition to a cashless society.
During the first quarter of 2025, the interbank electronic payment system processed over 35.6 million transactions worth 81.47 quadrillion VND (approx. $3.19 trillion), up 9.6% in volume and 36.81% in value year-over-year.

Non-cash transactions rose 44.43% year-over-year, with Internet banking growing by 40.41%, mobile payments by 39.82%, and QR code transactions by 81.64%.

Vietnam now has nearly 10.4 million Mobile Money accounts, over 72% of which are held by users in rural, remote, and border areas.

As of March 31, 2025, there were 47 licensed e-wallet service providers, with about 30.27 million active e-wallets - representing 65.8% of the 46 million e-wallets issued - holding a total balance exceeding 2.8 trillion VND (approx. $110 million).

To ensure data security and transaction safety, the SBV has worked with the Ministry of Public Security to implement Government Project 06. So far, data for around 57 million loan applicants has been verified against the National Population Database, and biometric data for more than 111.8 million individuals has been cross-checked.

[shaberon]

The issue for Vietnam would be:


Is it retaining a sovereign currency?

If it's *theirs*, they can handle it however they want.

The problem in the early industrializing United States was that banks would run out of cash. The solution wound up being the Federal Reserve System. I don't like it because this is private cash owned by an agency; it's not state money.

Circulated coinage arose in Lydia around 600 B. C. E., and rolled out to replace a mostly cashless credit system which was how everyone lived. The idea of money may still be experimental, but I would say it is a mistake to drop this privilege into private hands who will extract the wealth and sneer at their underlings. That is why China heavily restricts private banking. You can personally gamble on something if you are prepared to face the loss. You don't get everyone's welfare tied into 401ks that in turn are susceptible to wipeout by multiple factors.

I haven't noticed these 2030 ideas to quite uphold the "level of threat" in places like Moscow because it doesn't come across as so total. These are independent processes because the WEF has no enforcement authority at all.

Cash as we know it is perhaps the most unclean affair of the day. If it was all coins, I suppose we could wash it. The stuff is just something artificial, not a part of nature, so like laws and countries it is just subject to change until we find that working formula. By "we", I mean someone else.