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Post by Entendance on Jan 2, 2023 9:38:04 GMT -5
The COVID phenomenon cannot be understood without understanding the un-televised 2019-2020 unprecedented financial collapse threatening the entire global financial system.
The Covid-19 Pandemic story makes little sense when viewed through the lens of health, safety and science. Viewed through the lens of money, power, control, and wealth transfer, however, then all of it makes perfect sense...COVID-19: A Global Financial Operation
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Post by Entendance on Jan 4, 2023 3:15:24 GMT -5
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Post by Entendance on Jan 10, 2023 9:28:24 GMT -5
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Post by Entendance on Jan 16, 2023 11:12:51 GMT -5
'Remember those Fed bailouts of the mega banks on Wall Street during and after the 2008 financial crisis that the Federal Reserve battled in court for years to keep secret from the American people? Those bailouts went to the same Wall Street mega banks that collapsed the U.S. economy with their unbridled greed and unchecked corruption. The banks were even allowed to pay big bonuses to their execs with the bailout funds.
Well, bailouts for wayward banks are back in style in a big way...'
List of Global Systemically Important Banks G-SIBs
Repetita iuvant: Gold, the only kind of money that isn’t someone else’s liability and dependent on others’ financial soundness. Gold has a self-intrinsic value not contingent on someone else's mere promise to pay. Thus, Gold in its physical form is still the ultimate form of financial insurance.
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Post by Entendance on Feb 12, 2023 2:38:15 GMT -5
JP Morgan reaches agreement with Ukraine's Zelenskyy
Rubino thinks the economy is so weak, with so many different financial bubbles, that one bubble pop could bring the entire system down rapidly. Rubino says look out for big European banks to go insolvent as a warning sign of trouble if the trillion-dollar derivative complex blows up. |
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Post by Entendance on Feb 14, 2023 6:50:34 GMT -5
Silver is a critical metal for industry. It is one of the only two metals that have consistently been seen as money. The U.S. has exhausted its strategic silver stockpile, but one bank is accumulating millions of ounces. Andy Schectman, CEO and president of Miles Franklin, says silver is the value play of a generation, and the bank's traders know this.
BlackRock, Vanguard, and JPMorgan are the biggest stockholders of Norfolk Southern, the train operator that crashed in Ohio, that’s why there has been a major media blackout on the toxic chemical disaster.
They’re actually telling people the water is safe…
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Post by Entendance on Feb 25, 2023 8:08:00 GMT -5
What Will Happen When Banks Go Bust?
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Post by Entendance on Feb 27, 2023 14:00:45 GMT -5
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Post by Entendance on Mar 2, 2023 3:20:58 GMT -5
The banking situation
'...Central banks are in this mess too deep to somehow unearth a conventional solution. They are meant to be the ultimate backstop for their banking systems in a crisis. Yet the Fed, the ECB, and the BoJ are themselves in a solvency crisis of their own making. An acute embarrassment for the Fed perhaps, but far more serious for the other two. And in the case of the ECB, we can rule out a rapid recapitalisation because of the structure of the euro system and unexplained TARGET2 imbalances.
Lulled into a false sense of security, these central banks misread the consequences of their own credit expansion, not realising the damage they were doing to the purchasing power of their currencies and ultimately themselves. Even before Russia’s invasion of Ukraine, producer and consumer prices were beginning to rise, dismissed as a transient trend. We were told that inflation would return to the two per cent target and now we were told it will take just a little longer.
Monetary policy has the worst possible mistake for the authorities to make, and with negative interest rates still enforced by the BoJ, Japan is still catastrophically in denial. And official forecasts by bodies such as the UK’s Office for Budget Responsibility, and the US’s Congressional Budget Office still persist in telling us that inflation will return to the 2% target, when the evidence strongly suggests otherwise. Market participants who are perennially bullish want to believe in these forecasts. But bond yields are rising again, particularly in Japan and the Eurozone which started from a negative interest rate baseline...'
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Post by Entendance on Mar 5, 2023 3:14:55 GMT -5
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Post by Entendance on Mar 10, 2023 5:07:45 GMT -5
...Silvergate had made the fatal decision several years ago to become the go-to bank for crypto companies, including scandalized Sam Bankman-Fried’s collapsed house of frauds...Now, for the second time in less than two weeks, depositors are panicking over the fate of another federally-insured bank...
...The Federal Deposit Insurance Corporation (FDIC), whose Deposit Insurance Fund (DIF), has to make good on deposits at insured U.S. banks in the event of a bank failure, noted in February that unrealized losses at U.S. banks for bond holdings totaled $620 billion at the end of the fourth quarter of last year. When interest rates rise, as they have dramatically over the past year, the current market value of bonds issued at lower locked-in interest rates fall. That is typically not a problem for banks – unless there is a stampede by depositors to get their money out of the bank and the bank is forced to sell the bonds at a loss to raise liquidity.
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Post by Entendance on Mar 10, 2023 17:54:34 GMT -5
Meanwhile...  '...if gold is undervalued in the Global North, it would gradually, or perhaps rapidly, gravitate to the Global South in exchange for exports or newcoin, which would not be a bad outcome for the “external money” system and accelerate the broad acceptance of newcoin as reserve currency. Importantly, as physical gold reserves are finite outside of the newcoin zone, the imbalances would inevitably correct themselves, as the Global South will remain a net exporter of key commodities.'Moveable Multipolarity in Moscow: Ridin’ the ‘Newcoin’ Train |
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Post by Entendance on Mar 11, 2023 12:51:02 GMT -5
BANK FAILURES STRIKE AMERICA - and the collapse will spread
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Post by Entendance on Mar 12, 2023 17:32:29 GMT -5
 Zakharova: 'Every child can explain how the US authorities will ‘support the stability of the banking system’ – with paper and paint. They will print even more unsecured dollars then they will cause even more problems in the world.'
'...pledge collateral at par, not at market value, thus giving banks credit for all those hundreds of billions in unrealized net losses, and allowing banks to “unlock liquidity” based on losses which the Fed and TSY now backstop!'
'...So, no, we hardly think the commercial banking system, the massive and compounding risks of which we have reported for years, is anything remotely healthy, safe or credible.
All frowns and inevitable (yet increasingly empty) gold-bug critiques notwithstanding, we think holding a physical bar of segregated, allocated and non-levered gold in one’s own name in the world’s safest private vaults and jurisdictions makes a lot more sense than trusting your increasingly worthless paper or digital money to the world’s increasingly fractured banks, be they SVB, Credit Suisse or JP Morgan...'
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Post by Entendance on Mar 13, 2023 17:37:52 GMT -5
The more they say they are working to make sure there won’t be any contagion,
Experts agree that confidence in Lebanon's national currency — which has lost 98% of its value — will not be restored...
If you want to genuinely understand why Silicon Valley Bank (SVB) failed and why Jerome Powell’s Fed led the effort yesterday to make sure $150 billion of the bank’s uninsured depositors’ money would be treated as FDIC insured and available today, you need to take a look at how the bank defined itself right up until it blew up on Friday...
U.S. banks have unrealized losses of $620 billion, FDIC says
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Post by Entendance on Mar 16, 2023 3:54:41 GMT -5
 There is never just one cockroach. Unfortunately, cockroaches are not loners. If you see one, there are likely many more that you can't see. There’s never just one cockroach in the kitchen.
Key bad guys in the Silicon Valley Bank saga are at the Federal Reserve. It's time to end the era of central bank supremacy and fire the Fed as our most important bank regulator.
Can the blind lead the blind? Will they not both fall into a pit? -Luke 6:39
 The bank run snowball continues to roll down the mountain, gaining in size and speed as the days go by.
The only way to win the game is not to play the game.
EntendanceInvestors are already out of the system, what about you?
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Post by Entendance on Mar 18, 2023 6:05:41 GMT -5
14 years ago, the Obama administration (or rather his Wall Street lackey Steve Rattner) turned the bankruptcy process on its head with the Chapter 11 filing of General Motors, which steamrolled the bankruptcy liquidation waterfall by paying off the underfunded (and unsecured) pension plans of GM and Chrysler union workers at 40 cents on the dollar, while cramming down secured creditors, forcing them to accept 29 cents on the dollar in recovery.
On Sunday, something similar happened with Credit Suisse when, much to the shock of Europe's $275 billion Additional Tier 1 market, some $17BN in Credit Suisse AT1, aka Contingent Convertible, bonds were wiped out even as equity holders received over $3 billion in consideration from UBS courtesy of Swiss taxpayers who ended up footing billions in contingent liabilities... European Regulators Rush To Calm AT1 Investors After Credit Suisse Wipeout Shock
A merger with UBS would be a bad idea. It would only postpone the crisis and potentially spill it over to the entire Swiss banking system, resulting in thousands of job losses.
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Post by Entendance on Mar 20, 2023 6:29:38 GMT -5
There is never just one cockroach. Unfortunately, cockroaches are not loners. If you see one, there are likely many more that you can't see. There’s never just one cockroach in the kitchen.
UBS Was Quietly Bailed Out in 2008; Now It’s Getting a $173 Billion Backstop to Buy Credit Suisse at 82 Cents a Share
Counterparty Risk
Gold It’s Independent.
It’s not anybody’s obligation. It’s not drawn on anybody.
Gold, the only kind of money that isn’t someone else’s liability and dependent on others’ financial soundness.
Gold has a self-intrinsic value not contingent on someone else's mere promise to pay.
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Post by Entendance on Mar 22, 2023 3:24:28 GMT -5
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Post by Entendance on Mar 24, 2023 15:56:31 GMT -5
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Post by Entendance on Mar 28, 2023 2:17:29 GMT -5
 '...The collapse of the Soviet Union gave Washington the opportunity to lead the world on a path of peace and economic development. But the neoconservatives could not resist their attempt for world hegemony and launched twenty-five years of war. Wall Street and corporate executives with eyes on bonuses could not resist deindustrializing the US by locating US manufacturing offshore, thus boosting Chinese economic growth instead of American economic growth. These major failures indicate the total failure of US policymakers.
The repeal of the Glass-Steagall Act in the closing days of the 20th century launched the US into the 21st century on a path of financial instability. Nothing has been done to correct this, and nothing has been done to correct the offshoring mistake or the failure to control the supply of government debt. As countries move away from using the dollar to settle international transactions, a dollar glut will result in US inflation and declining American living standards.
Discussing the seriousness of our country’s situation with Michael Hudson, it is difficult to find hope. To admit that mistakes are being made implies acknowledging that we are on the wrong path and that China, Russia, and those governments aligning with them are on a better course, using their banks for financing industrial wealth instead of acting as brokerage casinos and dealing in financial arbitrage and debt leveraging. No American policymaker will risk being asked “why do you support the policies of Xi and Putin?” That they, and not us, have the right policy is not a permitted thought.' Why the Dollar-based International System Is Breaking Up
The Senate Inquisition Fried the Bank Regulators Over EASY
 The problem with bailouts has always been propping up bad banks.
The Banking Crisis Knock-On Effect Has Been a Stampede into Government Money Market Funds |
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Post by Entendance on Apr 1, 2023 4:01:35 GMT -5
Significant events in the 2000s created by fallacious Central Bank policies:
2000-2 Market collapse: Tech stocks down 80%
2006-8 Subprime banking crisis: Dow down 54%, massive money printing
2009-21 Stocks & asset markets exploding: Dow up 6X, Nasdaq up 16X
2006-20 Manipulation of rates: US 10yr treasury down from 5.4% to 0.5%
2000-23 US Debt explosion: Up 3.5X from $27t in 2000 to $95t in 2023
2000-23 Global debt explosion: Up 3X from $100t in 2000 to $300t in 2023
2020-23 Real inflation US EU: Up from 0% in 2020 to 10%+ in 2023 The extreme moves and volatility exemplified in the table above has nothing to do with free markets.
They are the manifest consequences of shameless manipulation of markets and market conditions by Central Banks. Such extreme moves could never happen if markets followed nature’s laws and the laws of supply and demand...
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Post by Entendance on Apr 3, 2023 10:28:06 GMT -5
There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.
-Søren Kierkegaard
'...Excluding the banking crisis related to the COVID-19 pandemic in 2020, Americans now find themselves in Banking Crisis 3.0 with a new Fed bailout program called the Bank Term Funding Program (BTFP). That program came on the heels of the second and third largest bank failures in U.S. history in March: respectively, Silicon Valley Bank and Signature Bank, both of which are now in FDIC receivership...'
JPMorgan batters the Gold price againA major development last week was the large amount of gold issued by JPMorgan over the first two days of the Comex April contract. Total gold deliveries by JPMorgan of 14,326 contracts, including 10,682 contracts (1.07 million ounces) by JPM from its proprietary house account were the largest by JPM in history.This is big news because it demonstrates clear and blatant price manipulation by JPMorgan. With more than 19,000 contracts of gold standing for delivery, what would have been the price of gold had JPM not delivered more than 10,000 contracts from its house account?... JPM Again
Dear Friend of GATA and Gold:
Pam and Russ Martens note that JPMorganChase Bank holds 53% of all the monetary metals derivatives contracts in the U.S. banking system, through the bank and some of its traders have been criminally charged with rigging the monetary metals markets.
The Martenses write: "It is hard to understate the regulatory failure of allowing JPMorgan Chase to continue to have this outsized presence in the precious metals derivatives market."
Well, yes and no. For it's not hard to understand the regulatory failure. It is almost certainly a matter of law -- a matter of JPMorganChase's operating as the agent of the U.S. government in surreptitiously controlling gold and silver prices to protect the value of the U.S. dollar and U.S. government bonds.
This rigging is completely legal, since the U.S. government is authorized by the Gold Reserve Act of 1934 and related legislation to intervene in and manipulate any market in the world.
The Martenses long have done tremendous investigative reporting about corruption and unfairness in the financial system. So maybe they won't resent a suggestion for a little more such reporting.
That is, how about pressing the U.S. Commodity Futures Trading Commission as to whether it has jurisdiction over manipulative futures trading undertaken by or at the behest of the U.S. government?
That question has been put to the CFTC by both GATA and U.S. Rep. Alex X. Mooney, R-West Virginia, and the commission has refused to answer:
www.gata.org/node/19917
www.gata.org/node/20089
Of course that refusal is almost as good as an admission that JPMorganChase rigs markets for the U.S. government, but not quite.
Twenty-two years ago in U.S. District Court in Boston, seeking dismissal of GATA's lawsuit accusing the U.S. government, JPMorganChase, other bullion banks, and the Bank for International Settlements of surreptitiously rigging the gold market, an assistant U.S. attorney told the court that the government had the power to do exactly what the lawsuit complained of:
gata.org/node/4211
The assistant U.S. attorney did not admit that the government was doing what the lawsuit complained of, but the government's claiming the power should have provoked a little journalistic curiosity. It still should. Of course no such curiosity has yet been demonstrated by mainstream financial news organizations.
So if you want to know why the government lets JPMorganChase get away with so much of what seems like criminality, it's because in certain circumstances JPMorganChase is the government and the government is JPMorganChase, and while what they do together may be immoral and concealed, it's perfectly legal -- just as the biggest scandals usually are.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Only physical demand can free us from the bondage of the criminal bullion banks.
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Post by Entendance on Apr 7, 2023 4:14:45 GMT -5
Cleansing of the Temple
Jesus -the revolutionary, the political dissident, and the nonviolent activist -lived and died in a police state. Stand Up to Tyranny.
Don’t settle for the lesser of two evils. Starve the banksters, exit their fake markets, stack Physical Gold & Silver.
The banksters. Such is the root of our misery 2015-2022
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Post by Entendance on Apr 13, 2023 11:21:21 GMT -5
 No bank is an island.
The first lesson is that when a bank implodes, this is almost always a symptom — not a cause — of something askew in the wider financial world, affecting other institutions. Financiers rarely want to admit this. -Gillian Tett
 'Democracy is under attack. JPMorgan Chase CEO Jamie Dimon , who has been bought by the World Economic Forum, believes the US government should seize private property to combat climate change...'
'...Bailouts lead to problems. The issue is what in economics is called “moral hazard.” If you allow someone to get away with something they’ll probably do it again. If there is one thing free-market capitalism does well it’s reward success and kill failure. If a company goes under because of bad decisions, the lesson to investors is to stop funding it. Economist Joseph Schumpeter called this “creative destruction.” You shouldn’t waste capital propping up failures; invest in successful companies, which will benefit everyone.
Bailouts encourage risky behavior. Banks, financial companies, and large corporations now know they will get bailed out by the government in crises. This became famously known as the “Bernanke put,” a term referring to the former Fed chairman Ben Bernanke’s willingness to bail out “structurally significant” institutions during the Great Recession. It means the Fed will pump vast amounts of new money into the economy, reduce interest rates to near zero, and bail out failing companies in the hope that it will prop up a faltering economy...'
'Jamie Dimon, the Chairman and CEO of JPMorgan Chase, is desperately attempting to redirect the media’s focus to anything other than two federal lawsuits that name his bank as a knowing facilitator and cash conduit for Jeffrey Epstein’s child sex trafficking ring. One lawsuit has been filed by the government of the U.S. Virgin Islands where Epstein owned an island-compound and air-lifted young girls in and out. The other lawsuit has been filed by an alleged underage victim of Epstein’s, Jane Doe...'
Inflation – History (still) rhymes Inflation is likely to prove more persistent
A recession seems inevitable
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Post by Entendance on Apr 16, 2023 16:15:58 GMT -5
Truth #1: The Money Isn’t Yours
Truth #2: The Money Isn’t Actually There
Truth #3: The Money Isn’t Really Money
Repetita Iuvant: Physical Gold and Silver cannot be debased by central banks expanding the money supply and precious metals do not carry counterparty risk as bank deposits do.
Banksters Cartel International LXXII
Ronan Manly: JPMorgan traders appeal, claiming that their 'spoofing' hurt no one
'Over the last few years, those in the precious metals investor community who believed that precious metals prices were being manipulated felt vindicated following a series of prosecutions of leading investment banks and their traders by US authorities such as the Department of Justice (DoJ), and Federal Bureau of Investigation (FBI), not least the successful convictions of precious metals traders who worked for JP Morgan... ...So you might think, yes, that’s great, justice has been served, but why bring this up now in April 2023?
The reason for bringing this up now, is that, wait for it … all three of Nowak, Smith and Jordan are now appealing their convictions and trying to get their convictions quashed and over-turned. Even though they were tried unanimously by jury and even though their colleagues explained that Nowak, Smith and Jordan were manipulation prices for years and years
Like the finale in a bad zombie movie, just when you think these JP Morgan precious metals traders have gone away, they keep getting up and coming back.
While the JP Morgan precious metals trader convictions received widespread media coverage at the time the conviction news was released, the appeals are receiving far less media coverage. Hence the interest in covering them here...'
The giant investment company's global influence on politics and economics is enormous...
'...no one should hold any major assets in any bank in any country...'
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Post by Entendance on Apr 22, 2023 6:39:17 GMT -5
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Post by Entendance on Apr 23, 2023 7:41:29 GMT -5
The Rise and the Fall of the Bankster series gets a fresh sculpted V2 revamp just in time for the complete collapse of the pedo Ponzi banking system.
The myth of Too Big To Fail was cast upon a naive American populace as Banksters capitalized private profits and socialized public losses with tax payer bailouts. Bailouts the banksters promptly paid exorbitant bonuses.
This time around there will not be enough taxpayer money in the world to bailout the exponential derivative collapse measuring in the Quadrillions.
Silver will be last asset standing and these unique Silver Shield rounds will be generational wealth of the largest transfer of wealth ever conceived.
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Post by Entendance on May 1, 2023 7:08:42 GMT -5
First Republic Zombie Bank Dismembered, Pieces Handed to JP Morgan, Uninsured Depositors Bailed Out. Stockholders, some Bondholders Bailed in. Cost to FDIC Fund: $13 Billion
'On Wall Street, the business model is you eat what you kill. Jamie Dimon and the bank he helms, JPMorgan Chase, just devoured First Republic Bank after Dimon had orchestrated the worst “rescue” of First Republic in the history of banking rescues. Given the outcome, one has to wonder if this rescue flop was a bug or a feature.
After 7 weeks of Jamie Dimon’s “rescue,” First Republic and its preferred shares had been downgraded by credit rating agencies to junk; its common stock had lost 98 percent of its market value, closing at $3.51 on Friday and at $1.90 in pre-market trading early this morning; its long-term bonds were trading at 43 cents on the dollar; and depositors continued to flee the bank.
And in order to pay out all those deposits that were taking flight, First Republic had to take out expensive loans from the Fed, the Federal Home Loan Bank of San Francisco, and a credit line from JPMorgan Chase, jeopardizing its future profitability. The interest cost of those loans significantly exceeded, in many cases, the rates it had locked in on the jumbo residential mortgages it had made to its wealthy clients and the government-backed bonds it had purchased during years of low interest rates on Treasury securities.
JPMorgan Chase’s statement on the takeover of First Republic this morning indicated that it “is not assuming First Republic’s corporate debt or preferred stock” and the “FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing.” Dimon’s so-called rescue plan, announced on March 16, made no sense from the beginning. It consisted of 11 banks chipping in a total of $30 billion to place into First Republic Bank as uninsured deposits for 120 days. Four banks contributed two-thirds of the total deposits with JPMorgan Chase, Bank of America, Citigroup and Wells Fargo sluicing $5 billion each. Morgan Stanley and Goldman Sachs deposited $2.5 billion each; while BNY Mellon, State Street, PNC Bank, Truist and U.S. Bank each deposited $1 billion.
But at the time of this display of heroics, First Republic Bank was bleeding deposits because it already had too many uninsured deposits – those above the FDIC cap of $250,000. And its losses on underwater mortgages and low-yielding bonds were making headlines every day. What it needed was an injection of long-term capital, not an injection of more uninsured deposits with a short-term horizon.
To keep the pitchforks at bay from the other 10 banks that chipped in to the $30 billion rescue fund of uninsured deposits, JPMorgan Chase said in its statement that it will be repaying the 10 banks for the deposits they each contributed.
What is raising eyebrows across Wall Street and throughout the Biden administration this morning, is that JPMorgan Chase is already ranked by its regulators as the riskiest bank in the U.S....' 
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Post by Entendance on May 3, 2023 16:30:28 GMT -5
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.JPG)
"It's the banksters again!"
Don't worry, 
Swiss National Bank posts record 
Euro Inflation without Energy Hits Record, Services CPI Hits Record. 
The evolution of 
Global Debt & Death Spiral – 
Global Debt & Death Spiral – 
The Bank Collapse Will Spread 
Silicon Valley Bank 
Two Fed-Supervised Banks Blew Up Last Week; Two More Dropped Over 40 Percent Yesterday; 
Credit Suisse and UBS 
Gold Storage in Banks? 
We will all be WITNESSES to 
.jpg)
The Fed Should Be Fired as Bank Regulator. 
.JPG)
E. 
Market Report: 
Why the Panic
.JPG)
.JPG)
Showdown on the Markets – in 5 Charts
E. 
Why Gold Is a Must-Have 
)
You Can’t Keep Solving 
Despite Banking Turmoil, ECB Accelerates QT plus Hikes by 25 Basis Points. 
