Banks are supposed to have money. Starting in March (a year after the Federal Reserve began raising interest rates), the banks Silicon Valley Bank, Signature Bank, Credit Suisse, and First Republic were bought and bailed out. On July 25, the Banc of California bought out Pacific Western Bank. What do banks own if they need money?
“When France sneezes, Europe catches a cold.”
-Prince Klemens von Metternich, Austrian foreign minister (1809-1848) and Chancellor (1821-1848). Ousted from power by the Spring Revolutions of 1848.
“I believe very sincerely that the CIA is correct when they teach and talk about blowback.” -Ron Paul, Fox Republican Presidential Primary Debate, January 10, 2008.
The USA have nearly $32 trillion in debt. The only way to settle the debt is by printing money or by default.. The dollar is being progressively ditched as the world’s reserve currency as its purchasing powers decreases with every dollar printed. Either via inflation or default, the dollar’s days are numbered.
The United States’ Securities and Exchange Commission (SEC) is suing Binance and Coinbase for fraud. Both companies are crypto trading websites, which means that cryptos may lose customers.
We fix immigration by requiring anyone wanting to move here to memorize the Bill of Rights and to sign a contract with a citizen who would be liable for their crimes and debts. Apply the 13th Amendment to anyone who stays illegally after a relatively short transition period.
China and Zimbabwe are both offering bank accounts using gold as money, or, at least, redeemable as gold.
First Republic Bank was bailed out by the FDIC (backed by the Federal Reserve) and bought by JP Morgan. Treasury Secretary Janet Yellen said that the USA would default on the first of June if the USA do not add more to the federal debt. Federal Reserve Chairman Jerome Powell is suppressing interest rates from rising to their free market levels on Wednesday.
On April 19, 2023, the President of the USA and the governor of Tennessee announced that he wanted more gun control laws- either outright confiscating Americans’ weapons or using red flag laws to selectively confiscate weapons. Considering that the battles of Lexington and Concord occurred on April 19, 1775, red flag laws are Red Coat laws.
"From Aurelian Augustus to Ulpius his father. Just as though it were ordained for me by Fate that all the wars that I wage and all commotions only become more difficult, so also a revolt within the city has stirred up for me a most grievous struggle. For under the leadership of Felicissimus, the lowest of all my slaves, to whom I had committed the care of the privy-purse, the mint-workers have shown the spirit of rebellion.”
-Emperor Aurelian, writing on the Bellum Monetariorum, in either 271 or 274 AD.
Following a meeting between Xi and Putin, CNN and Fox News both put out segments questioning the strength of the dollar as the world’s reserve currency. The news is quickly going mainstream. In a quote popularly attributed to Mark Twain, when asked how he went bankrupt, he responded, “Slowly and then all at once.”
On Thursday, March 16, 2023, US Treasury Secretary (and former Charwoman of the Federal Reserve) Janet Yellen testified before the US Senate Finance Committee. Her testimony to Senator Lankford wasn’t confidence boosting.
Credit Suisse is being bailed out by the Swiss National Bank via UBS. Also, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are freaking out.
Silicon Valley Bank went bust on Friday, March 10, 2023. On Sunday, Signature Bank was been shut down by regulators. They are the 2nd and 3rd largest bank failures in US history, respectively. This happened because the Federal Reserve (Fed) has been raising interest rates for the past year, drying up the supply of affordable low interest rate loans. The only way for the depositors to be made whole is for the government to bail them out, using the Federal Reserve as the lender of last resort. Soon, everyone will want to be bailed out.
Lately, Republican politicians have been calling for a national divorce. This has led people to draw parallels to the Civil War (but the political parties reversed). We don’t need states to secede from the United States to have a union of free and independent states, we just need the Constitution to be the supreme law of the land. The USA need to declare independence from the British (Anglo-American) Empire, which coopted our government during the World Wars via the Military Industrial Complex.
On February 3, 2023, a train derailed in East Palestine, Ohio. It was carrying hazardous materials, such as vinyl chloride, as trains often do. Some of those chemicals have been seeping into the gourd and water. On February 6, the Ohio Emergency Management Agency did a controlled burn, releasing deadly chemicals into the atmosphere. How bad this turns out to be has yet to be determined, but it aint lookin’ good.
The Nord Stream II Pipeline runs under the Baltic Sea from Russia to Germany, delivering natural gas to Western Europe. On September 26, 2022, it blew up. According to award winning journalist Seymour Hersh, the US government did it. If so, then it is an act of war.
One of the phrases best associated with Karl Marx is, “Religion is the opium of the people.” Socialism is a religion and the application of it as policy violates the 1st Amendment to the US Constitution. Socialism is an involuntary church with a holy book, numerous denominations, political messiahs, televangelists, tithing your fair share because no religion would take care of people otherwise, vows of poverty for mother earth, mask burkas, and eucharistic vaccines that cause people to go to heaven. We should separate church and state. Combining charity with extortion doesn't get more charity. It gets more extortion (taxes).
Signature Bank is cutting off Binance and any of its crypto exchange customers from trading cryptos priced under $100,000 on the SWIFT and Signet trading systems. Having crypto speculators lose access to these networks could cut off crypto from much of its demand, further suppressing the dollar price of the cryptos and the exchanges which trade them. The FTX dominoes are falling.
“See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That's literally true.” -Milton Friedman, 1991 interview with Randy Paige on America’s Drug Forum.
