patrick.net

Good Good Excellent. I want everyone so destitute poor, than an angry rabble seeks out every Democrat voter with pitchforks and pick axes.

First Republic cut to junk status, Big Four US banks hammered and Credit Suisse shares down more than 25% - as BlackRock CEO Larry Fink warns 'more shutdowns are coming' after SVB collapse
https://www.dailymail.co.uk/news/article-11862725/Credit-Suisses-biggest-backer-says-cash-share-fifth.html

Tenpoundbass says

seeks out every Democrat voter with pitchforks and pick axes

How is that going to work? I live in Democrat central but myself and many others don't vote Dem. Are you just going to pitchfork us all due to proximity?

US Banking System Outlook Downgraded to ‘Negative’

https://www.theepochtimes.com/moodys-downgrades-entire-us-banking-system-outlook-to-negative_5122189.htmlutm_source=partner&utm_campaign=TheLibertyDaily&src_src=partner&src_cmp=TheLibertyDaily?utm_source=share-btn-copylink
Credit ratings agency Moody’s Investors Service downgraded its outlook for the U.S. banking system on Tuesday after the rapid declines and collapses of Silicon Valley Bank, Signature Bank, and Silvergate Bank in recent days.

The prominent ratings agency said it “changed to negative from stable our outlook on the U.S. banking system to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY,” Moody’s said in a Monday afternoon report. “Operating conditions have sharply deteriorated,” it also said in a note, according to multiple news outlets.

DhammaStep says

How is that going to work? I live in Democrat central but myself and many others don't vote Dem. Are you just going to pitchfork us all due to proximity?

I was told by a couple Liberals post 2016 "If Trump crashes the economy and I lose my house, I'm going to blame you!"

After destroying a thriving economy, and, after shrinking the Carters, the worst President in history will deliver the eulogy for the 2nd. worst President in history.

Joe Biden says Jimmy Carter has asked him to deliver his eulogy
https://www.theguardian.com/us-news/2023/mar/14/joe-biden-jimmy-carter-eulogy

Banks, Banks, Banks: The Elephant Nobody Even Sees

Our faith in the wobbling world of hyper-financialization will soon be tested.
https://charleshughsmith.blogspot.com/2023/03/banks-banks-banks-elephant-nobody-even.html

The reason why nobody even sees this elephant is we've come to believe "it's always been this way" and "this is the natural order of things." Both are false. Yes, debt and lending have been integral to "money," trade and civilization from the beginning, as David Graeber so memorably detailed in his book Debt: The First 5,000 Years. But essential isn't the same as dominant.

RayAmerica says

After destroying a thriving economy, and, after shrinking the Carters, the worst President in history will deliver the eulogy for the 2nd. worst President in history.

Joe Biden says Jimmy Carter has asked him to deliver his eulogy
https://www.theguardian.com/us-news/2023/mar/14/joe-biden-jimmy-carter-eulogy

I lost a lot of respect for Carter over the years. It would be interesting to look over the financials of Habitat for Humanity to see if that wasn't just a grift.

RayAmerica says

After destroying a thriving economy, and, after shrinking the Carters, the worst President in history will deliver the eulogy for the 2nd. worst President in history.

Joe Biden says Jimmy Carter has asked him to deliver his eulogy
https://www.theguardian.com/us-news/2023/mar/14/joe-biden-jimmy-carter-eulogy

That photo does not even look real. It as if the Bidens were photoshopped in and the wrong size was set. The Carters almost look like dolls. Even so, I wonder why one of the most honest Presidents would want the most corrupt President to eulogize him.

What is ironic is Carter was very active in promoting secure fair voting in other countries.
He's not a dope; he knows statistically Biden winning had a small likelihood.
He also never would support vote (fraud) by mail in a foreign country.

This is not good for Credit Suisse depositors and shareholders.

Patrick says

This is not good for Credit Suisse depositors and shareholders.

It was the same for the Sili-con Valley bank - their risk person was woke AF

from https://rudy.substack.com/p/the-total-and-utter-incompetence

“It is now clear that SVB was run by monkeys.” - Yves Smith
Good interview with Michael Hudson. Transcript is here.

I should note that Michael Hudson is not a conservative Republican. He “identifies himself as a Marxist economist":

President Biden decided to bail [Silicon Valley Bank] out and then blatantly lied to the public by claiming it’s not a bailout.

How can it not be a bailout? He bailed out every single uninsured depositor because they were his constituency. Silicon Valley is a Democratic Party stronghold, as most of California is.

There’s no way that Biden and the Democratic Party was going to let any wealthy person in Silicon Valley lose a penny of their deposits, because it knows that it’s going to get huge campaign contributions in gratitude for the 2024 election.

So the result is that of course they bailed out the banks and President Biden weaseled his way out of things by saying, “Well, we didn’t bail out the bank stockholders. We only build out the billions of dollars of depositors.”

Second institution run by political virtue signaling psychopaths in a confidence game? The Intels are deep, deep into Silicon Valley. Question is, wherefore does this planned detonation lead? They got the principles with their payoffs and prioritized clients out, wonder if there will be a rash of 'suicides' to quash the squealers?

"Never let a crisis go to waste"

The Federal Reserve Announces Its First Big Step Towards a Digital Dollar
https://beckernews.com/the-federal-reserve-announces-its-first-big-step-towards-a-digital-dollar-49617/

The Federal Reserve Bank of the United States has announced that it is launching an instant payment transfer service called “FedNow Service,” which has features of a Central Bank Digital Currency (CBDC) and some analysts believe is the first big step towards a “digital dollar.”

On Wednesday, within hours of our reporting that the Silicon Valley Bank and Signature Bank failures could spur renewed calls for the U.S. to implement a CBDC, the Federal Reserve announced that the U.S. is rolling out the FedNow instant payment transfer service in July.

“The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch,” the announcement read.

They don't even want to print the paper any more. You thought the surveillance and censoring was bad already, they are going full Chinese CCP with the fake fiat money.