Not to worry. The Bush clan has property in South America. I think we can all take comfort that they'll be O.K. while Americans struggle to eat and heat (and A/C) their homes.
The rest of us can eat bugs, apparently. /WEF - World Economic Foundation
Posted on 05/03/2023 8:28:50 PM PDT by SeekAndFind
Slowly, then all at once.
You are kidding me!??! After the “gifted” buy-out of First Republic Bank (FRC) by JPMorgan (JPM), I was assured by all the economic “experts” that the banking crisis was now over!
Therefore, I was told, I can now invest my hard-earned money in the banking sector once again, as I also move all my banking deposits into a one of the top four national FDIC-insured “safe” banks who are “too big to fail”.
Please tell me I didn’t take financial and investing advice from the wrong experts, again! For I just moved all my assets to PacWest(PACW) and Western Alliance(WAL)!
/s
Wonder why most of these bank failures are happening on the West Coast?
Where are they going to get the money for the promised reparations?
“Slowly, then all at once.”
All at once seems to be arriving rather quickly, doesn’t it
The pace of events is definitely picking up. Most of us aren’t even close to prepared. There’s a whole generation here that I call Generation F*cked. Nothing good lies ahead for them.
This is beginning to look like the economic crisis in 2007-2008.
IIRC, it was in February. I was watching some of the Sunday news-talk programs. I noticed an eerie pattern. Guests on some of those program were from the GWBush economics and commerce sectors. They were all parroting the same theme: ‘The economy is in great shape. The economy is strong.’
I thought it strange that these guys were touting the economy when usually these news-talk programs were about politics and foreign policy.
About 4 months later the GWBush economy began to crash. As with the current economic disaster, they began throwing money at the problem with the multi-billion dollar bail-outs. One was The Emergency Economy Stabilization Act of 2008. [Sort of sounds like Biden’s Inflation Act.]
These bank failures are terrifying!
Perhaps we’d better go to a CBDC so that we can ensure that all of our deposits and banking are guaranteed and safe.
Of course, cash will have to be eliminated. Along with any other forms of cryptocurrency which could be used for crime (some of it is, ransomware, for example, just had a big bust in the ...... Ukraine).
/shiny side out
The Digital Dollar will save us! Yeah, That’s the ticket!
(worth it to watch just the first 17 minutes - there will be no way to “prosper”, though)
The Jim Rickards Commercial
https://www.youtube.com/watch?v=fCfzQNhi_ns
(Google’s YouTube, amazingly, kept popping this up on my recommended playlist on the side - so I finally watched the beginning of it - ignore the sales pitch and watch the first part I recommended above)
[This is beginning to look like the economic crisis in 2007-2008.]
Yep. I’ve been saying that 2008 will return again. Except that it will be worse this time around.
The fake economic power of California is all mortgaged out, and now it’s going to take a serious hit. This is going to be a tough ride, and the Democrats will get slaughtered in 2024 for this. They can’t blame this on Trump.
I seem to recall that Fannie Mae and Freddie Mac were both on the brink until they were bailed out by the Feds. And a lot of the Too Big To Fail banks were saved by TARP.
Not surprising
https://www.pacwest.com/esg-impact
Best Financial advise. Google your bank's name and "ESG"
If they have a page like that, get your money out ASAP
At what point do they call it a contagion?
When it’s too late?
Jonathan Cahn has a video where he said one of our government officials said “to help the economy, have an abortion” or something like that. Cahn didn’t name who said that, though.
https://www.youtube.com/watch?v=HRK5g1pIx-U
I agree with Cahn in the respect that spirits are destroying America (and the world, frankly). Spirit of antichrist and (evil) principalities and powers.
Ephesians 6:12
King James Version
12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
https://www.biblegateway.com/passage/?search=Ephesians%206%3A12&version=KJV
My first thoughts exactly. How much money were they dumping into this nonsense and how much leveraged to these pathetic things?
I’m 100% for small to medium sized credit unions only. Screw the banks.
There is nothing backing digital currency, they need the cash equivalence to match the deposits.
The graphic should have Fannie and Freddie in their, as well as Citigroup since it was effectively bailed out via a $250bn govt backstop against loan losses.
Adding just those three would make the 2008-2009 downturn waaaay taller AND fatter.
And while we are at it, the 2008-2009 bubbles need to expand by about 55%, to reflect inflation. That will make that cluster of failures WAAAAAAY bigger.
But hey, can’t do that....can’t let things like truth and accuracy get in the way of clicks for Zero Hedge, and then the 2023 economic doomsters won’t get their jollies.
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