|
|
Post by kevlar on Mar 11, 2023 22:33:03 GMT -6
Exactly tommo, there isn’t enough actual cash sitting around anywhere to cover any of these banks. I know they talk about bank runs, and most people think it’s all the customers going in and taking out all their money, but I’d be willing to bet that it wouldn’t even take 20% of the customers going in and withdrawing their money to make them crash. It’s a terrible, and somewhat unnerving, way that our financial system is set up. The banks and the entire country doesn’t have enough money to cover what people have actually put into them. So one way to think of it, for you to take your money out, you need to rely on someone else putting in enough to cover what you take out, because the bank doesn’t keep your money in it. All works until it doesn’t, just make sure you’re at the front of the line.
|
|
|
|
Post by Bigtalk on Mar 12, 2023 2:41:36 GMT -6
|
|
|
|
Post by runninredhard on Mar 13, 2023 23:37:51 GMT -6
The bank failure was announced on a Friday night. WOW! Obviously it was known all week as Biden admitted to that. The bank officials were having a party and knew the failure was happening for 2 months. Most of their spending was on new technology like windmills and batteries and other climate change spending sprees. The Biden Administration announced they will not only cover 250,000 insured money but all the rest of the money as well! Oh so wonderful of the goverment! I wonder if the bankrupt farmers will be next!!!!! No one will ever fail!!! Can't interfere with THOSE PLANS! Ie. The VERY RICH Democrats who have invested heavily and making millions! His fabulous WOKE team have it all under control.
I fear this is a control technique to usher in the dreaded central bank digital currency (CBDC). This seems to be about as practised as the event 201 pandemic that covered the COVID crisis. Things are falling into line including a Friday Night announcement to not startle the peasants! Biden announced, "We have it all under control, so don't pull any money out of your accounts. Relax. It is safe and 'all' covered." The next step, censor the social media to prevent cash runs on banks! "Come on man, we have it all under control!" No bank is ever going to fail as we will catch them when they fall (fail) and take them over! Note: JPM went up!! Today, Signature failed. They wouldn't take Trump's money. He was a big risk!!
|
|
|
|
Post by northernfarmer on Mar 14, 2023 8:04:57 GMT -6
I was listening to someone this morning that was claiming what is going on was all planned, all by design in an effort to shut down the smaller banks to centralize even more power and control to the big banks and he said watch JP Morgan as one example to see which way that stock trends vs some of these small banks. That this whole theme is to consolidate power even more and then come out with a digital currency. Also that inflation is again by design. So from my perspective all these things that have and will come at us, the plandemic, inflation, digital currency, war etc will take away anything we ever thought we had is what I see and become no different then the third world shithole countries that have become that by design due to outside interference in their economies.
|
|
|
|
Post by kevlar on Mar 14, 2023 8:39:09 GMT -6
Not sure what to think about this being a controlled failure. I’m on another forum and people that know a lot more than me are showing what’s going on. Just seen a link of all the companies right now that have had their trading halted, and it sounds like it’s not just limited to the US. I do have a feeling that much of this information is being controlled, or do I dare say censored? Some of the, what should be bigger news I would think, doesn’t pop up right away, you have to dig for it. Sound familiar?
Either way it sounds like the economy is going to take a hit. They want to freeze interest rates to save the banks, but doing so keeps inflation going out of control. Guess we’ll see who’s back the government has, the rich who make big contributions to government, or the regular shmucks who are just trying to make ends meet?
|
|
|
|
Post by northernfarmer on Mar 14, 2023 8:55:30 GMT -6
These companies that have had their trading halted, is this mostly banks or a whole variety of other companies as well ?. That in itself is control, be it stocks that would otherwise fall or for that matter the potential to go up depending on what it was and frozen from activity until ... I assume some point where they want to either let them go and expectations of what direction they will go. What the big picture is, I doubt its a picture that includes prosperity for the common person ( when has it ever been that scenario ! ).
|
|
|
|
Post by kevlar on Mar 14, 2023 9:36:26 GMT -6
Looks like a mix of a few different things, some banks. Halting trade is nothing new, it’s done to protect the stock market, likely for several different reasons, stock markets would have their own version of a “bank run “ and could be manipulated by outsiders if there wasn’t some form of control and safety.
|
|
|
|
Post by northernfarmer on Mar 14, 2023 10:10:12 GMT -6
Yes they have so called circuit breaker/triggers to temporarily halt trading for the major exchanges although I don't know if that extends to any individual stock which is why I wonder what is being manipulated with existing laid out rules of the "game" or controls beyond that which they would pretend never happened. Just now saw a comment about certain banks that had fallen badly on Monday, up 50% today in one instance and it would be very interesting to see if there were any short trades made just before this bank "surprise" and if positions were switched long for today. Another words if insider trading is taking place or not.
|
|
|
|
Post by runninredhard on Mar 14, 2023 10:19:06 GMT -6
We saw what happens when countries crumble. Remember the big ATM run that occurred in Greece that forced enacted withdrawl limits on EU currency? If we can only take away the ATMs!!!!!! Cash in their eyes allows sovereignty of money and that leak stops with digital currency. No need for it - pay with your "credit" card or phone "debit" card instead.
After all, it costs money to print paper! Ultimate Control - can freeze your bank accounts into submission etc........Trucker Freedom Rally example...................! Socialist, Marxist, Communist. Definitely not capitalist! Peasant farmers like me are Capitalists! |
|
|
|
Post by kenmb on Mar 15, 2023 10:25:58 GMT -6
Of course it's all controlled, that's what a centrally planned economy means. Interest rates have been controlled via central planning for over a century. So yes, it is safe to say this is all planned and controlled - because that is how our world works. We are told this daily.
"The Federal Reserve is lowering/raising interest rates"
"The Bank of Canada is lowering/raising interest rates"
It is actually impossible to say it is not controlled.
Perhaps we need some one else to explain the most basic stuff that we are told daily. And no, it is not capitalism failing because central planning and control is the opposite of capitalism.
Some quote from Peter Schiff:
Peter responded that American capitalism broke down a long time ago and the latest bailout effort is just another nail in that coffin.
"The reason we are now having another financial crisis – and it would already be a lot worse if we hadn’t made the mistake of backstopping all these insolvent banks – but the reason they got insolvent was because of the government. The Federal Reserve kept interest rates at zero for 12 years. There was quantitative easing. And during that time, banks, and pretty much everybody else, loaded up on low-yielding debt. But in order to keep interest rates that low, the Federal Reserve had to create massive inflation. They called it quantitative easing, and the adverse consequences really started to show up last year when we had these big elevated increases in the CPI.”
"Now, all of these institutions are insolvent at higher interest rates. We have a bigger debt crisis now than the one we had in 2008, which was also caused by the artificially low interest rates that followed the bursting of the NASDAQ bubble when the Fed kept interest rates at 1%. That inflated the housing bubble. But this time, zero percent inflated a much bigger bubble, which is why we are now having a much bigger financial crisis.”
Peter emphasized that none of this would have happened if we had stayed with a free market.
"The free market would have purged the economy from all these excesses a long time ago, and instead of having a bubble, we would have had a genuine recovery with real prosperity instead of the phony prosperity that we’ve enjoyed. And now the chickens have come home to roost.”
|
|
|
|
Post by kenmb on Mar 15, 2023 10:35:35 GMT -6
Of course Peter is not being perfectly honest and intentionally misleading. Such things as "the federal reserve had to create massive inflation" or "the consequences really started to show up last year".
Flooding the world with debt is inflation. More currency chasing the same goods. And the inflation did not start last year even though our news tells us it did. Land and housing went up 200% since low interest rates were forced on us before experts started saying we have inflation, in my neighbourhood anyway, maybe everywhere else on the planet inflation never hit till 18 months ago.
Pay attention to how much the media impacts how people view their own world. Or even what the most basic principles of understanding people will throw out the window simply because the media says something different.
|
|
|
|
Post by Oatking on Mar 15, 2023 11:19:02 GMT -6
This so called high inflation period and the past phoney plandemic smell much the same. Man its amazing how things explode out of control when media report an issue. Whether its real or fake news , it doesnt seem to matter anymore.
I always thought even ten years ago , why isnt inflation sky high than given the cost of goods were increasing past the 2-3 % bench rate. How can there be so many dummys out there and believe that inflation magical appeared once covid news quit or why so many people invested in crypto which is really thin air!!!
It all harkens back to physical investments you control and have control of personally. Least grains you can hang onto and is only a loss or gain when you decide it to be. Also grains can be kept and used to produce more of the following year! You cant make gold!
|
|
|
|
Post by OptimallyDismal on Mar 15, 2023 18:51:07 GMT -6
I am not sure what to think about this article, but if it is a generally correct concept it scares me, and unfortunately I think it could be close to the truth. I do think we should look critically at the progression of events and be aware of how things could go and position ourselves as well as we can. Thoughts? www.cbdcintel.org/gideons-story |
|
|
|
Post by kenmb on Mar 16, 2023 10:27:30 GMT -6
That article doesn't load for me, just a black screen and say Gideons Story or something.
Will see where it all goes. I am not doom and gloom these days but who knows. I am rather impressed how much people have woken up over the last few years.
BLM is done, no one has time for that crap
Covid is done, even the average person say you need your vax has given up on the boosters more than a year now and no plans to get more. They may even stand up for their basic human rights next time such things are forced on them.
I don't pay much attention to this January 6th insurrection stuff but seems pretty clear that only the most brain dead person beleives the official story. And many are now starting to understand the FBI and much of the "justice" system is not their friend. They now have to figure out whose interest these parties serve if not the basic public good.
The MSM lost a whole lot of faithful.
Now we see if people start considering how their world really works with the financial system in the spotlight. Most people don't give it a second of thought. Spend +40 years of your life to earn a dollar and not even have the rudimentary understanding of how the dollar is created or who controls it. Capitalism involves the cost of capital, its right in the name. But someone who controls the price of capital and issues the capital (the biggest part of capitalism) is the opposite of capitalism. Yet I bet 95% of the population will say our system is underpinned by capitalism. Well yes and no. The peasants follow capitalism but the real bulk of our world isn't using capitalism and any bailouts or government grants to big businesses (squashing small up starts) or controlled interest rates is not capitalism. If creation and value of capital is controlled by a small group then we don't actually have capitalism.
Time may prove me wrong. I mentioned a few years ago that I concluded that an entity fixing all things and giving freedom back to the people would be quickly stopped, it's work undone, the people would rail against it. Because the people don't understand that their world is totally screwed up. They think our system works as good as possible because if it didn't, experts would fix it. So step one has to be making people understand and see their world as it actually exists. Then change can be made.
Meanwhile we will keep trading infinite futures paper contracts on finite bushels of grain with no idea how many bushels actually exist, and do it all on margin without need to receive or deliver a single bushel - and we will call this supply and demand markets based on the capitalist system.
And if things crash, how many will say capitalism failed and must be replaced.
|
|
|
|
Post by shmiffy on Mar 18, 2023 22:01:33 GMT -6
|
|
