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Thread: Are Banks going Belly Up?

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    Default Re: Are Banks going Belly Up?

    Quote Posted by Ernie Nemeth (here)
    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.

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    Default Re: Are Banks going Belly Up?

    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?
    Last edited by ozmirage; 18th March 2023 at 10:37.

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    Default Re: Are Banks going Belly Up?

    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]
    Last edited by ozmirage; 18th March 2023 at 10:45.

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    Default Re: Are Banks going Belly Up?

    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.
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    Default Re: Are Banks going Belly Up?

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

    https://twitter.com/WallStreetSilv/s...522298880?s=20

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    (avatar image: Brocken spectre, a wonderful phenomenon of nature I have experienced and a symbol for my aspirations.)

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    Default Re: Are Banks going Belly Up?

    • ANOTHER Bank Collapse! - NO WONDER WHY! - Meet the Head of Investment! 🤦🏻‍♂️
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    Default Re: Are Banks going Belly Up?

    • "We've Basically Nationalized The Banks":

    Biden is blaming deregulation for bank failures. That's WRONG, according to former Fed economist Arnold Kling and investment researcher Lyn Alden.
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    Default Re: Are Banks going Belly Up?

    • SVB Collapse + Who's Your Banker?


    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.
    Last edited by ExomatrixTV; 18th March 2023 at 17:03.
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    Default Re: Are Banks going Belly Up?

    • Sovereign State Banks:


    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.
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    Default Re: Are Banks going Belly Up?

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


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

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    Default Re: Are Banks going Belly Up?



    Quote 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/sto...fTTer5HvixzEx6
    Last edited by pueblo; 18th March 2023 at 23:25.

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    Default Re: Are Banks going Belly Up?

    Aladdin is making a move...




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    Default Re: Are Banks going Belly Up?

    Quote Posted by ozmirage (here)
    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.

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    Default Re: Are Banks going Belly Up?

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

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    Default Re: Are Banks going Belly Up?

    Quote Posted by ozmirage (here)
    "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.

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    Default Re: Are Banks going Belly Up?

    [Beating Dead Horse insert here]
    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-ar...roblem-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, . . . 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.
    Last edited by ozmirage; 19th March 2023 at 14:56.

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    Default Re: Are Banks going Belly Up?

    For those who follow scripture, and have an open interest bearing bank account, you're [bleeped] !
    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; 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]
    Last edited by ozmirage; 19th March 2023 at 15:14.

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    Default Re: Are Banks going Belly Up?

    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.
    Empty your mind, be formless, shapeless — like water...Now water can flow or it can crash. Be water, my friend. Bruce Lee

    Free will can only be as free as the mind that conceives it.

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    Default Re: Are Banks going Belly Up?

    Quote Posted by Merkaba360 (here)
    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/sho...east-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.
    --
    A chaos to the sense, a Kosmos to the reason.

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