Are Banks going Belly Up?

[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/stat...058722304?s=20

https://twitter.com/fleckcap/status/...115945474?s=20

[mountain_jim]

https://twitter.com/WallStreetSilv/s...029342210?s=20

https://www.zerohedge.com/markets/sv...ssets-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 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/202...king-for-china

[gini]

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

Source: https://youtube.com/watch?v=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

Source: https://youtube.com/watch?v=W_cRJt75OZQ

• 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, 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:


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]

Posted by Bruce G Charlton (here)
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.

Source: https://youtube.com/watch?v=dLVbVqqsXF8

[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/202...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/art...ty-issues.html

Source: https://abc7news.com/silicon-valley-...jose/12176289/

[Bill Ryan]

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

https://t.me/DonbassDevushka/48162

[Bill Ryan]

Light relief

https://t.me/UkraineHumanRightsAbuses/21973

[Satori]

Posted by Bill Ryan (here)
Light relief

https://t.me/UkraineHumanRightsAbuses/21973

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]

Posted by Lunesoleil (here)
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]

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