On March 30, 2022, two highly troubling events occurred: (1) Fed data showed that unrealized losses on available-for-sale securities at the 25 largest U.S. banks were approaching the levels they had reached during the financial crisis in 2008; and (2) the Fed simply stopped reporting unrealized gains and losses on these banks’ securities…
Crucial CBDC’s with Professor Richard Werner: Your Future Is Being Decided!…
“There is the argument to be made that the entire Covid scam may have been run just to prepare for the CBDCs and the REAL goal, the big prize to them is the introduction of the CBDCs. There is one step before that — they need digital IDs.”
Here Come “Programmable Dollars”: New York Fed and 12 Banking Giants Launch Digital Dollar Test…
Never let a crisis go to waste. Or a market crash for that matter…
The History Books Will Prove This is An Industrial Example of the Great Pretending…
This is epic. This is like listening to Grandpa rail against the Federal Reserve and central banks without realizing the motive behind what the Federal Reserve and central banks are doing. This is the best example to date of the misconception behind ‘The Great Pretending.’…
Is the U.S. Economy Teetering on the Precipice of a Depression?…
If so, then the world will see that the emperor truly is naked, and the currency will collapse…
Wall Street Admits Curing Diseases Is Bad for Business…
Goldman Sachs has outdone itself this time. That’s saying a lot for an investment firm that both helped cause and then exploited a global economic meltdown, increasing its own wealth and power while helping to boot millions of Americans out of their homes. But now Goldman Sachs is openly saying in financial reports that curing […]
Mega-Banks Blow 100% of Earnings on Share-Buybacks & Dividends, Crimp Lending, Constrain Economy…
When tighter regulations were imposed on the banks after the Financial Crisis, the largest among them, the very ones that threatened to bring down the financial system, began squealing. Those voices are now being heard by Congress, which is considering deregulating the banks again. In particular, they claim that current capital requirements force banks…
Court House Doors Will Reopen for Millions of U.S. Consumers…
Yesterday, Richard Cordray, the Director of the Consumer Financial Protection Bureau (CFPB) that was created in 2010 under the Dodd-Frank financial reform legislation, did what few Americans thought he would dare to do: he stood up to threats of being fired; threats of backlash from Wall Street titans; threats of having his agency’s budget gutted; […]