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Is this Irish bank collapsing also? At least 2 banks in China are collapsing as well as they lock down all depositor funds and protests escalate. Maybe we need another topic here just for "Collapse".

Commenity Bank is offline. So are parts of Capitol One. Anybody else having issues?

People are reportedly lining up for hours in China to obtain money from their bank accounts in China. The large cities of Henan, Shanghai, and Dandong are three cities where the lines are long.After years of COVID mandates and a government that the average Chinese down deep doesn’t trust, the people of China are scared that they will not be able to retrieve their life savings. In some cities, people are standing in line for hours to receive their money from their bank.Recently, freezing depositors’ accounts by four rural banks in Henan has become a hot topic on social media....

Hi All, One of the latest talking points of the mainstream media and its band of pavlok-dog economists is that credit scores for all individuals, particularly homebuyers, are much higher than those pre-GFC (Great Financial Crisis). However, we all know that the Swamp, particularly the likes of Fauxcahauntas, has ruthlessly inserted itself into consumer financial affairs for the last 100+ years. So I have to ask, have their been efforts made and/or regulations enforced that essentially water down credit scores for consumers? In other words, would many (maybe not all) individuals with an 800 credit score today have the equivalent...

Couple of links at the URL.

Defending freedom is going to cost,” declared President Biden, announcing an import ban on Russian oil. And no doubt our Commander-in-Chief is right. Everything we do comes at a cost. The goal in peacetime, of course, is to engage in activities where the beneficial returns exceed the price of our inputs. War is no such pursuit. Everyone loses. The victors simply suffer less than the vanquished. In Europe’s last major conflict, the Allies defeated Germany. Russia’s victory cost it 20-40 million lives and economic devastation, a cost indelibly etched into Russia’s psyche. War forces us to determine what we are...

The overuse of financial sanctions risks much of the world losing confidence in the dollar as the world’s reserve currency.America cutting off Russia’s central bank from its U.S. dollar reserves could carry huge consequences that the D.C. establishment hasn’t considered.Here’s how the Wall Street Journal’s Jon Sindreu framed what happened: “After Moscow attacked Ukraine last week, the U.S. and its allies shut off the Russian central bank’s access to most of its $630 billion of foreign reserves. Weaponizing the monetary system against a Group-of-20 country will have lasting repercussions.”Reserves are globally accepted foreign currency that a foreign central bank holds...

There is a known $41 billion in Credit Default Swaps (CDS) on Russian debt. There is likely many billions more in unknown amounts. There are also billions more in Credit Default Swaps on state-owned Russian corporate debt and non state-owned Russian corporate debt. In addition to Wall Street not knowing which global banks and other financial institutions are on the hook to pay out on the Credit Default Swap protection they sold in case of a Russian sovereign debt default (or Russian corporate debt default), there is also approximately $100 billion of Russian sovereign debt (whose default is looking more...

As the United States and its allies have decided to cut Russia's private banks off the SWIFT payment network, the International domain for global financial transactions, China on Monday refused to do the same, citing it has 'no basis in the international law' and reiterated that Russia should resolve the tensions with Ukraine through dialogue and negotiation.

NOTE: See video embedded in article. As Western allies levy increasingly harsher economic sanctions against Russia for its invasion of Ukraine, the latest target involves Russia's access to SWIFT. An acronym for Society for Worldwide Interbank Financial Telecommunication, SWIFT is a messaging system founded in 1973 that allows large financial institutions to send money to each other. The Belgian-based cooperative is used by more than 11,000 banks and financial institutions in more than 200 countries and territories, including Russia. It handles 42 million messages a day, facilitating trillions of dollars worth of transactions. Russia accounted for 1.5% of SWIFT transactions...

According to the Canadian financial blog Armstrong Economics, the emergency powers activated by Justin Trudeau to cripple the trucker protests have sparked panic among citizens, which could lead to a devastating financial crisis. On Feb. 14, Trudeau enacted the Emergencies Act, which enabled Canadian banks to freeze the assets of anyone who donated to protests against the vaccine mandates — without due process or any court action. Trudeau then ordered the banks to unfreeze the accounts after the protesters had been cleared away. But what is reported to have happened after that is being ignored by the corporate press. Armstrong...

Sunlight is the best disinfectant. A promotional video from the Canadian Bankers Association (CBA) helps to neatly connect all the dots about why the Canadian government made such a quick reversal in their bank asset seizures in the last 24 hours {Go Deep}. And yes, as we suspected, it was almost certainly contact from the World Economic Forum to Canadian Finance Minister Chrystia Freeland that triggered the change in position.When Canadian Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland announced they would use the Emergency Act declaration to target the financial support systems, banks and accounts of the people...

There are no other constitutional rights in substance without freedom to transact Being meaning to write this for 6 months, but the Canadian response to the trucker protests is illustrating this so vividly, that today is the day. I assume we are in agreement that constitutional democracies are a good form of government or, at least, a better form of government than the other methods we have found to-date. This means that I am taking for granted the following assumptions. - People have fundamental rights to speech, assembly, religion and so on - People are innocent until proven guilty -...

Canadian banks will receive the names of people involved in “Freedom Convoy” protests that have descended on the nation’s capital, a first step in a promised financial crackdown on demonstrators being instituted by the far-left government of Justin Trudeau. Bloomberg reports the Canadian Bankers Association confirmed the Royal Canadian Mounted Police (RCMP) has alerted banks to a list of names and made it available. The institutions are reportedly still seeking clarity from law enforcement on how to handle the alleged protesters’ accounts, according to people familiar with the matter. But Finance Minister Chrystia Freeland said some accounts have already been...

🚨Canada's largest banks are all offline.Royal Bank, BMO Bank of Montreal, CIBC Bank.Did Trudeau try to hack into their databases?Did the U.S. hack them first, to stop it?What could cause all three to crash on the same day -- hours after Trudeau's expropriation order?— Ezra Levant 🍁🚛 (@ezralevant) February 16, 2022

The Canadian government is successfully colluding with big banks to seize assets intended for the peaceful protesters of the Freedom Convoy movement. On Friday, TD Bank told CTV News that it would "apply to surrender to an Ontario court the money that had not been refunded by GoFundMe, totalling about $1 million, as well as some $400,000 the group had accepted through direct donations." “TD has asked the court to accept the funds, which were raised through crowdfunding and deposited into personal accounts at TD, so they may be managed and distributed in accordance with the intentions of the donors,...

In today’s marketing environment, a great amount of time and money has been spent researching how companies can better reach their targeted consumers. Products and services are tailored to specific consumer groups to increase sales and grow businesses. As a result, businesses far and wide save money in the long run and better serve those who need them the most. In the business world, these advances are viewed as a victory for all involved. But as has been the case with many recent advances, those on the left – always in search of a quarrel – have found a way...

I’ve been documenting a less high-tech threat emerging in recent months: a surge in stolen checks. Criminals are targeting U.S. Postal Service and personal mailboxes to pilfer filled-out checks and sell them over the internet. The buyers alter the payee and amount listed on the checks to rob victims’ bank accounts of thousands of dollars. While banks typically bear the financial burden and reimburse targeted accounts, criminals can use the checks to steal victims’ identities, which can have severe consequences. For the past two years, we’ve been surveilling 60 black market channels on the internet to learn more about the...

Police are investigating a pattern of mail theft and check fraud in north suburban Lincolnwood. There are more than a dozen cases of people who say a fraudster tampered with their checks after they mailed them. CBS 2’s Tim McNicholas has learned it has also caught the attention of federal investigators. Jeff Zimmerman doesn’t know a Natalie Martinez. So imagine his surprise when he learned a check written out to her drained $4,000 from his bank account. “I decided to go downstairs, talk to my wife, and tell her we’ve got a problem,” Zimmerman said. Zimmerman soon realized that was...

FDIC Chairman Jelena McWilliams announced her resignation Friday in an open letter addressed to President Biden, just weeks 'after' she warned of a "hostile takeover" of the agency by Democrats. McWilliams was appointed to the position in 2018 under former President Trump. Her resignation will be effective Feb. 4. McWilliams wrote in her op-ed. "Never before has a majority of the board attempted to circumvent the chairman to pursue their own agenda.".."This conflict isn’t about bank mergers. If it were, board members would have been willing to work with me and the FDIC staff rather than attempt a hostile takeover...