Blacko Bux
The Federal Reserve said it will create a new Bank Term Funding Program to offer depository institutions loans of up to one year, backed by US Treasury securities and other assets, to help the banks.
As another Lame Cherry exclusive in matter anti matter.
As this staged banking "redistrubution of funds" has been initiated, we are learning how this game is going to be played out and it has all been factored in, in stories about people standing around outside banks to get their money out to not who is going to get the goodies the banks being liquidated are being divested of.
This blog warned early of this and the headline below shows a billion dollar bank branch sold for the shit wipe British pound, as that is all it was worth. HSBC is inside on this. What this blog predicted will follow the pattern of Obama in 2009 AD in the year of our Lord.
The glaring thing to the Lame Cherry is, this looks like a Technological Dark Ages was initiated in this, to stop invention or control it by absorption in dealing with this computer AI world, which will control all.
Outside of the processors, this dark age will see only state controlled and generated advancement, which does not appear to be anything beyond this point.
“During the financial crisis, there were investors and owners of systemic large banks that were bailed out,” Yellen said. “And the reforms that have been put in place means that we’re not going to do that again.”
We know that the Fed and US Treasury are not bailing any banks out, after forcing speculation and these off book high interest rate costs on them, that means there is a leverage coming from the "government" on all banks. The projection would be the implementation of the Digi Dollar as a commodity. What a year loan to banks will do, is just bide time in higher pressures accumulating on banks taking loans, as they will have to be paid back. This could be making all of these regional banks into being absorbed by one or several JP Morgan types to become super banks, controlling all cash flow. That sounds a great deal like a mark of the beast or dollar of the beast in you can not buy nor sell if you do not have the super bank seal.
2nd Biggest Bank Failure In US History
'On The Verge Of A Much Bigger Collapse
Than 2008'
'Woke' SVBank Was 'More Concerned About
Global Warming Than Shareholder Returns'
SVB Fallout Spreads Around World From
London To Singapore
Billionaire Investor Warns More Banks Will
Collapse With Tens Of Thousands Of Jobs Lost
Quayle Commentary On Possible Bank Runs
This Week
SVB Fallout News Spreading Problems
Around The World
We know that the 250,000 dollar depositors are insured. The Lame Cherry suspects that the reason the Fed is hinting, but not the time frame, is that higher funds by individuals are from political donors who fund all this commie and nazi woke shit, in the installed few. Those people whined to their Congressgenders who are the same class of millionaires, so the Fed and Treasury will keep Nancy Pelosi and Mitch McConnell's millions safe for them.
The people who are bank shareholders an unsecured debtors (that most likely means start up businesses loaned money from the banks) are not protected. Hence the businesses will be absorbed by Hedge funder homo raiders and these shareholders which no one is talking about...........well when businesses went bankrupt in the Dotcom bust under Clinton, people who owned stocks in those failures were libel for the debt. Allot of really rich people might find poverty as they will be on the hook for billions in debt in these banks.
Silicon and Signature depositors will be made whole, but the banks’ shareholders and unsecured debtors will not be protected, officials said.
Rich people are not going to leave that money in their accounts alone as normal people will. I suspect that a large outflow of cash is moving into precious metals. I cringe at this, as I can just see a new racket where millions of dollars in gold and silver will be delivered to the affluent homes, who have these gun vaults, and some enterprising criminals will drive up with a payloader, smash the house open and drive off with the gold and silver.
All that money is not going to be cash as banks do not have that kind of hundreds of millions in cash. So rich people will be driving money into other things which rich people will sit on, which will not appreciate in value and they will become poorer in the inflation which is going to continue.
It may go into US bonds, but if this is extensive the US might default as a bigger maneuver for the digital commodity dollar. That is nto likely as the Fed desires all those dollars to return to America for control, so they can unleash digitals on the Chinese and Russians in this war America is being cartel pushed into.
What the Fed and Treasury have engaged in, in protecting the Obama Bush rich, signals that this insolvency is widespread in the banks. 2023 AD in the year of our Lord is just the beginning of this in March. It will not be over with plugging some holes.
Remember the Fed will continue to raise interest rates. That is what was pressured SVB to financially realign, and will pressure all banks. This is by design to concentrate monetary control, but it is a reality of the liquidity that was out there, is going to evaporate. Every loan from a bank for anything is going to be eyed closely and slowly, meaning those debts that fund your local projects are going to start drying up and will dry up other purchases from those employed.
This Obama Super Depression II we are in, will deepen this year as America has been flooded with all of these mongrel people and no one is going to work for gulag wages to get poor by.
“Absent @jpmorgan@citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of ’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs),” the activist investor wrote.
“These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions.”
Think not of this as a collapse. This is a sorting for a bigger monopoly.
The take home here is that, unfortunately, Joe Biden's 9am pep talk did little to boost confidence in small US banks.
Or, as we put it earlier, ""It would be the Savings and Loan 2.0 Crisis but we regret to inform you there are no savings." Meanwhile, all hail JPMorgan, pardon, JPMega, which is about to have some $18 trillion in deposits.
Time to go smell the parfume that smells like shit and tell everyone it is roses.
Nuff Said
agtG
