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Beware the Ides of March


               
2023 Mar 15, 8:57am   790 views  16 comments

by RayAmerica   follow (0)  

Credit Suisse Shares Crash as Banking Crisis Goes Global

Shares of Swiss banking giant Credit Suisse fell by more than 20 percent and the cost of insuring its bonds against default soared on Wednesday after its biggest shareholder said it would “absolutely not” provide additional support.
https://www.breitbart.com/economy/2023/03/15/credit-suisse-shares-crash-as-banking-crisis-goes-global/

How many more of the big banks will be exposed for what they are, a giant Ponzi scheme?

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8   richwicks   @   2023 Mar 15, 9:57am  

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.
9   HeadSet   @   2023 Mar 15, 10:59am  

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.
10   clambo   @   2023 Mar 15, 11:06am  

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.
11   Patrick   @   2023 Mar 16, 10:44am  




This is not good for Credit Suisse depositors and shareholders.
12   Bd6r   @   2023 Mar 16, 10:46am  

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
13   Patrick   @   2023 Mar 16, 8:36pm  




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.”
14   Ceffer   @   2023 Mar 16, 11:41pm  

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?
15   RayAmerica   @   2023 Mar 17, 6:57am  

"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.
16   Ceffer   @   2023 Mar 17, 8:36am  

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.

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