Are Banks going Belly Up?

[ExomatrixTV]

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

Source: https://youtube.com/watch?v=UcNl23qhB8A

[ExomatrixTV]

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

Source: https://youtube.com/watch?v=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, on my travels.

[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.

Source: https://youtube.com/watch?v=NPr77FCCxS8

[Brigantia]

Posted by Bill Ryan (here)
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]

Posted by pyrangello (here)
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-cen...al-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]

[ExomatrixTV]

• The Fed’s “New” Function of Money: Complete Control

[onawah]

Why Crashing Banks Will Usher in Digital Currency
by Dr. Joseph Mercola
March 27, 2023
https://articles.mercola.com/sites/a...bid=1756437160

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

Source: https://youtube.com/watch?v=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/s...106339328?s=20

[shaberon]

Posted by ozmirage (here)
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 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 do not expire without being revoked: Proclamations, which are non-binding statements, and Executive Orders, which are instructions to the Executive Branch.

Proclamation 2039 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 says the emergency continues, so the terms continue.

Executive Order 6073 allowed re-opening by the Secretary of the Treasury licensing the Federal Reserve branches. Through Truman, such licensing was dispensed with.


However we were also given the Emergency Banking Relief Act, 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:


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 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.

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:


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:


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/a...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 [Bank for International Settlements], 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."

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


Source: https://www.rumble.com/video/v29wkls/?pub=ijro7

[mountain_jim]

https://twitter.com/nickgerli1/statu...257270274?s=20

https://twitter.com/balajis/status/1...482948097?s=20

https://twitter.com/balajis/status/1...671887360?s=20

[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...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/...tes/overview#3
The U.S. secretary of the treasury is the United States' governor for the World Bank.

https://www.treasury.gov/resource-ce...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]

...

Aether Pirates of the Matterium!

Heavy Metal!
Apr 5 • 29M

Heavy Metal! Listen now (29 min) | Retirement?clif high

21 hr ago

Woo, down, dirty, deep WOO

[ExomatrixTV]

• THIS Is Why Banks Are Failing Now:

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

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