hmmmm........ Who owns the banks???? June 28, 2024

Reader comment: Watchman, the crash will be horrific, the J..... Bankers grab all the chips as they kick over the table. They will print to no avail, then use the SDR. At the point the public refuses the SDR,  they will use silver and gold backing our new currency after it revalues at astronomic values. Well, the saying you will own nothing (Klaus Schnob) will come into play.........xxxxxxxxx

Watchman answer: Banksters like the Rothschilds, J.P. Morgan, Bank of England, Goldman Sachs, etc.

The same Banksters have bankrupted the U.S. and are financing the disastrous wars in Ukraine and Gaza! 

People like Nero and Trump and their associates are their willing pawns sacrificing us on the front lines of their idiotic wars. Further, they are leading us down the path to financial depression that will, once and for all destroy our once great constitutional republic.

https://www.instagram.com/reel/C8plpjTPy8M/

dead in WW1

 There were 20 million deaths and 21 million wounded. The total number of deaths includes 9.7 million military personnel and about 10 million civilians.

dead in the Russian Civil War

As many as 10 million lives were lost as a result of the Russian Civil War, and the overwhelming majority of these were civilian casualties. Thousands of perceived opponents of the Bolsheviks were murdered by the Cheka, and life among the peasants was miserable

dead in WW2

Estimates for the number of people who died in World War II range from 50–85 million, or about 3% of the world's population in 1940. This includes both military and civilian fatalities, as well as deaths from war-related disease and famine. 

 

NY Fed Warns Of Risk To Major U.S. Banks, Something Amiss In The Banking System

 

Monday June 24, 2024 There is something "amiss" in the U.S. banking sector, says Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, warning that big institutional players are "unloading" the stocks of big banks. "I'm hearing a lot of chatter about the big banks unloading bad debt right now, trying to get ahead of some sort of crisis looming," Soloway tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "Because interest rates are so high, the amount of losses in mortgage-backed securities potentially rival what we saw in 2008 and 2009. In addition, the commercial real estate market is in tatters. And these are all things that banks are holding on their balance sheets." There has also been a technical breakdown in the stocks of some of the bigger banks, including JPMorgan, according to Soloway. "This trend line breakdown just started on JPMorgan, Citigroup has already broken down," Soloway added. "There are signs that something is amiss within the banking system, whether it's the bear flag in the KRE or in these bigger banks. There are some bigger players that are unloading the big banks here." Federal Reserve Chair Jerome Powell commented (lied about) on the banking sector at the June press conference following the central bank's two-day monetary policy meeting. "The banking system has been solid, strong, well-capitalized lending. We've seen good performance by the banks. We had turmoil early last year, but banks have been focusing on bringing up their liquidity, bringing up their capital, and having risk management plans in place. So, the banking system seems to be in good shape," Powell said. Soloway reacted to Powell's comment by pointing out that the Fed Chair would never come out and say there is a big issue in the banking system. "Think about the fire that would spread in the market crash that would ensue if he said that," Soloway noted. Soloway's warning comes as the New York Fed's Liberty Street Economics blog cautioned of U.S. big banks facing growing spillover risks from non-banks. During periods of increased market volatility, liquidity demand accelerates, putting pressure on banks as non-banks look for loans and lines of credit. This could trigger "vectors of shock transmission and amplification, forcing authorities to intervene and do so en masse," the post said, adding that the disruptions "could be rather severe." At the same time, the Federal Reserve pointed to weaknesses in four of the biggest banks on Wall Street regarding how they would handle their own failures. According to a joint statement released Friday by the U.S. central bank and the Federal Deposit Insurance Corporation, the regulators spotted shortcomings in the so-called "living wills" of JPMorgan, Bank of America, Goldman Sachs Group, and Citigroup. The image above is J.P. Morgan from the game of Monopoly

Banking Crisis, Stage Two

 

Monday June 10, 2024 The bottom line is Stage II of the banking crisis is here, and the effects will be devastating to financial institutions and the stock market as a whole. Either a single bank failure or a systemic crisis could happen at any moment. Step one is to get gold. That will see you through the storm. I’m sure you recall the banking crisis of March to May 2023. It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. SVB had over $120 billion in uninsured deposits. Bank deposits over $250,000 each are not covered by FDIC insurance. Those depositors stood to lose all their money over the insured amount. This would have led to the collapse of hundreds of startup tech businesses in Silicon Valley that had placed their working capital on deposit at SVB. There were also much larger businesses such as Cisco and at least one large cryptocurrency exchange that had billions of dollars on deposit there. Those businesses would have taken huge write-downs based on the size of their uninsured deposits. On March 9, the FDIC said that indeed the excess deposits were uninsured, and depositors would get “receivership certificates” of uncertain value and zero liquidity instead. By March 11, the FDIC reversed course and said all deposits would be insured. The Federal Reserve intervened and said they would take any U.S. Treasury securities from member banks in exchange for par value in cash even if the bonds were only worth 80% of par (which most were). The Mother of All Bailouts That Sunday night they also closed Signature Bank, a New York-based bank with crypto links. The damage wasn’t done. On March 19, the Swiss National Bank forced a merge of UBS and Credit Suisse, one of the largest banks in the world. Credit Suisse was on the edge of insolvency. Finally, on May 1, First Republic Bank, with over $225 billion in assets, was ordered closed by the government and sold to JPMorgan. It was the mother of all bailouts and seemed to leave stock market investors unfazed. The issue was, and is: Once you’ve guaranteed every deposit and agreed to finance every bond at par value, what’s left in your bag of tricks? What can you do in the next crisis that you haven’t already done — except nationalize the banks? After five bank failures in two months and a trillion-dollar bailout by the government, the crisis seemed over. But that was false comfort. I wrote at the time that the crisis wasn’t over, that it was just halftime. Investors are relaxed because they believe the banking crisis is over. That’s a huge mistake. History shows that major financial crises unfold in stages and have a quiet period between the initial stage and the critical stage. When Slow-Motion Crisis Turns Real-Time It happened during the Global Financial Crisis when the original distress in August 2007 that seemed contained was followed by the failures of Bear Stearns, Fannie Mae, Freddie Mac and Lehman Bros. from March to September 2008. The average duration of these financial crises is about 20 months. This new crisis began 15 months ago. It could have five more months to run, if not longer. On the other hand, this crisis could reach the acute stage faster. That’s because of technology that makes a bank run move at the speed of light. With an iPhone you can initiate a $1 billion wire transfer from a failing bank while you’re waiting in line at McDonald’s. No need to line up around the block in the rain waiting your turn. In other words, the second stage of the crisis could erupt in even more dramatic fashion sooner than later. This slow-motion crisis can become a real-time crisis very quickly. The Dollar Itself Is at Stake In addition, the regulatory response is faster because they’ve seen this movie before. That begs the question of whether regulators are out of bullets because they’ve already guaranteed almost everything so they don’t have more rabbits to pull out of the hat. This could be the crisis where the panic moves from the banks to the dollar itself. If savers lose confidence in the Fed (we’re almost there) not only will the banks collapse, but the dollar will collapse also. At that point, the only solution is gold bullion. It’s also important to distinguish between individual bank failures and a systemic banking crisis. When individual banks fail, the depositors and creditors are usually protected but stockholders can get wiped out. In a systemic banking crisis, the contagion goes from bank to bank quickly, and the entire system has to be rescued with some combination of blanket deposit guarantees and unlimited QE. In the worst case, you either have to shut the banks (which FDR did in 1933) or nationalize them which some countries have done from time to time. Is Stage II Here? Either a single bank failure or a systemic crisis could happen at any moment. The actual trigger is a bit mysterious and mostly psychological because the fundamental problems have been there all along. Well, it seems that the quiet period is over and we are entering Stage II of the banking meltdown. According to the latest data from the FDIC, many banks could be at risk of failure as unrealized losses reached $517 billion in the first quarter of 2024, up from $478 billion in the last quarter of 2023. 40 banks with over $1 billion in assets have already reported unrealized losses higher than 50% of their equity capital. Over 200 smaller banks with lesser assets have issued the same reports. The bottom line is Stage II of the crisis is here, and the effects will be devastating to financial institutions and the stock market as a whole. We may not be able to prevent the crisis, but we can see it coming and prepare accordingly to preserve our wealth. Step one is to get gold. That will see you through the storm. Macron of France, the former bankster for the Rothschilds In 2008, Macron paid €50,000 to buy himself out of his government contract. He then became an investment banker in a highly-paid position at Rothschild & Cie Banque.