Monday saw the largest banking failure in the US since 2008 after First Republic went under, marking the third death of a US bank this year. Regulators took possession of the bank this Monday and JPMorgan Chase will acquire the majority of the bank’s assets and remaining deposits worth around $92 billion. First Republic Bank’s stock fell nearly 50% after reporting a significant drop in deposits in the first quarter of 2023. First Republic’s stock value tanked 97% on Friday due to fears of a bank run or failure, and the executives were silent on the health of the bank because they knew they were doomed. JPMorgan Chase coming to save the day is not a good sign.
All of these small and mid-sized banks are struggling with liquidity. The larger banks are gaining more power and influence. JPMorgan Chase’s CEO is nothing like the man who founded his company and actually saved the US from a banking disaster. CEO Jamie Dimon is a World Economic Forum memberwho fully supports the Great Reset. He wants the US to invoke eminent domain in order for the government to seize your private property.
I will not be surprised if Jay Powell mentions CBDC this Wednesday just to get the public accustomed to the idea. All of these issues can be used as an excuse to implement CBDC as the “safe” alternative to traditional banking. It would be easier to implement if there were only a handful of banks working with the government. The US has never canceled its currency but every empire, nation, and city-state falls in the same manner. The plans for the Great Reset are out in the open and the WEF has infiltrated nearly every government cabinet in the world and bought out the bankers. The day will come when the government gives us a deadline to turn in our paper currency to be converted into CBDC, providing them with complete financial domination over the people.
COMMENT: Mr. Armstrong; I think it might be helpful to explain to people that the government can subpoena any third party with regard to cryptocurrencies and they will turn over whatever they have that will incriminate a person. As a lawyer, I have to defend a client who thought Bitcoin was exempt from central banks and totally safe. He even seemed to think if there was a nuclear war that Bitcoin would still exist in South America. Some people are just so gullible it is sad and now he faces several years in prison for tax evasion. Perhaps it would help to explain how a third party will turn over whatever they have on you and that includes Google etc.
Many people listen to you because you are not a conspiracy junkie.
All the best
WH
ANSWER: You have a good point. DO NOT even allow Microsoft One Drive to have anything. The government will subpoena any third party and they will give up everything. I do not understand why people are such diehard Bitcoin lovers. ANYTHING that will be on the power grid the government will control if you believe it or not.
Bitcoin is a TRADING vehicle no different from cattle. It is NOT a store of wealth, as it fluctuates like everything else. This is a quarterly chart of Bitcoin. It rises and falls no different than any other instrument. It is not a “store” of value maintaining some constant value to park your money.
ALL cryptocurrency is on the target list for the Biden Administration. We are entering the final stages of the Decline & Fall of Western Civilization. You can see as we progress, they will become more and more aggressive because they can feel their power slipping away. ONLY tangible assets make the transition to the new value on the other side of 2032. NOTHING digital will make that transition.
Both the United States and Europe will split. That means the rules will be different everywhere, and there will be places without power. No power = no value for any digital currency. Let’s get realistic here.
Posted originally on the CTH on May 2, 2023 | Sundance
The professional Republican Party is totally and completely disconnected from the average MAGA voter within it. Cue the visual demonstrationfrom today:
This disconnect between the Republican establishment and the base voter has always been frustrating and annoying, but now they are taking it to entirely new levels of ridiculousness. There must be multiple siphons and financial laundry operations from this Ukraine policy. Nothing else makes sense.
Seriously. Go ahead and tell me how the professional Republican Party is worth saving. I’ll be over here, supporting President Trump.
Also, there’s a Twit video of Mitch McConnell below (from today) that everyone must see. You tell me what’s going on. Something weird.
After spending several weeks recovering from a brain injury, this is Mitch McConnell today:
Posted originally on the CTH on May 2, 2023 | Sundance
Around 15 years ago CTH outlined the inclusive goal of the progressive movement, modern Democrats as they were evolving, was to deconstruct the U.S. economic system so that Americans would be forced to live in government-controlled poverty. Essentially reduced to circling a campfire, eating sustainable algae cakes and picking parasites off our family members.
Most people understandably scoffed and said we were being hyperbolic. However, what we were highlighting was the natural conclusion of a visible ideology and set of policies. The modern democrat ideology is based on a worldview that feudalism is superior, and Democrats are elite in their global magnanimity (defined as their virtuous self image).
Fast forward a decade+ later, and there is Joe Biden’s Secretary of the Interior, Deb Haaland, explaining why it is better for the health of the planet if Americans lose their jobs, lose their economic sustainability, starve in feudal poverty, as the virtuous government ships all the dirty jobs to China and retains their clean pro-climate agenda. In Haaland’s defense, it should be noted that this has been the policy of Canada for quite a while. WATCH:
Sudan is the new site for the ongoing proxy war between Russia and the West, reminiscent of the Syrian conflict. The media had turned a blind eye to the internal conflict in Sudan under the idea that it did not involve us, unlike other global wars that can be used for profit and power. Then Russia became involved, and the world began to notice the destruction happening in the African country. Russian oligarch Yevgeny Prigozhin is allegedly providing weapons and humanitarian aid to the RSF under the Wagner Group, a Russian paramilitary organization. Prigozhin claims Russia has not been involved with Sudan for two years, but numerous sources state otherwise. No one cared about the people of Sudan until Russia became involved, and now there is an international outcry with false flags galore.
“We do have deep concern about the engagement of the Prigozhin group, the Wagner Group, in Sudan,” US Secretary Anthony Blinken told reporters. “It’s in so many different countries in Africa — an element that, when it’s engaged, simply brings more death and destruction with it.” Wagner Group does operate in numerous countries in Africa and even has a naval base in the Red Sea that was established in 2019. Moscow has gained access to natural resources, military bases, and satellite locations, as well as securing arms deals, in exchange for providing mercenaries through Wagner. Most importantly, Russia has access to the gold mines in Sudan. The West is accusing Russia of using the proceeds from these mines to fund the war in Ukraine. There are also reports of Russian mercenaries surrounding the port of Sudan, and there are claims they are preventing people from evacuating.
The biggest false flag in Sudan — there is a risk of a “germ bomb” spreading across the globe after Sudanese soldiers hijacked a biolab. The World Health Organization (WHO) says the biolab poses a “huge biological risk,” and trained medical technicians can no longer access the facility. The facility has no power, and “it is not possible to properly manage the biological materials that are stored in the laboratory for medical purposes.”
Polio, measles, and cholera are the only diseases that they are reporting on. Coincidentally, these are illnesses with developed vaccinations, although the cholera vaccine is not widely used in the US. This could be a method to encourage vaccinations on the global population once again. It is also an excuse for foreign nations to invade under the premise of health vs. wanting to expel Russia.
What happened in Sudan is precisely what happened to all nations, empires, and city-states before their demise. Change happens once the people protecting those in power side with the disgruntled people pleading for revolution. The military generals who stick by the government are in direct conflict with those who wish for a regime change. As in Sudan, the military is no longer one unified body but becomes multiple warring armies fighting for power. This has been going on in Africa (e.g., Somalia) and countries in the Middle East for a long time. We will soon see the same course of action in the West—it’s just a matter of time.
Zelensky is slick. He is now lining his pockets with the goal of becoming a billionaire when he flees to his estate in Miami. He is now trying to sell off all state assets in the fossil fuel sector to corporations like ExxonMobil, Chevron, and Halliburton. Of course, these companies are all showing that war is coming. The volatility rises sharply from 2024 on and a critical target will be 2026. This is what makes me think that the Neocons will do whatever it takes to stop Trump and that will include even assassinating him as they did to JFK to wage their war against Russia in Vietnam.
Robert McNamara (1916 – 2009) was a leading Neocon that pushed the country into the Vietnam War. He was famous for saying: “I learned early on never answer the question that is asked of you. Answer the question that you wish had been asked of you. And quite frankly, I follow that rule. It’s a very good rule.”
Before he died, McNamara wrote a book, perhaps to clear his conscience, and finally admitted that they were wrong, particularly in their assessment of Russia as a threat. The Neocons today regard him as a traitor and wrong. I have yet to hear even any kind word about him from their camp of endless wars.
The perception that Russia is a threat is still dominating the agenda today. The propaganda that Putin is a KGB guy who wants to re-establish the Soviet Empire is absurd. In the 22 years that he has been in power, he has neither tried to re-establish communism nor has he sought to retake the old Soviet states like Poland, the Czech Republic, or even Ukraine. The same claims today about Russia are the very same ones that justified Vietnam.
Looking at the cycles in the markets and war, these people will destroy Western Civilization. The Ukrainian people are absolute fools, for their leadership is also so wrapped up in their hatred of all the Russian people that they are leading their country into total destruction. Ukraine will cease to exist as a country that they dreamed of. They are surrendering their lives all for the dreams of the Neocons with Blinken in charge.
Several families with people in the military are reporting that soldiers are being informed we will be at war as soon as this year. Then Army aviators, who are entitled to leave, have been told they suddenly now owe 3 more years instead. People are suddenly finding out that we are not in Kansas anymore. We have no rights, and the Neocons have seized control of Washington. Welcome to their version of democracy.
Writing on Twitter, Mykhailo Podolyak said the U.S. and other Western nations encouraged Ukraine to give up nuclear weapons as the former Soviet Union collapsed, offering safeguards in return. This was misinterpreted by Russia, leading to conflict, Podolyak is the warmonger who argues that there shall be no surrender of the Donbas despite the fact that the population there are Russians and that Kyiv began the civil war on the order of the American Neocons. It is not that Ukraine surrendered its nuclear weapons; that is a fool’s argument. Europe and the US have nukes and so do Russia and China yet we are headed into war anyway. He will not let the people of the Donbas vote in a democracy when they are treated like vermin and are hated as Russians. This is why Ukraine has become an evil empire destined to create World War III just as our computer forecast back in 2013 one year before their revolution of 2014.
Posted originally on the CTH on May 1, 2023 | Sundance
Everything about the process of cutting down energy exploitation, then driving supply side inflation, then raising interest rates to shrink demand (stem inflation) created by a desire to lower economic activity to the scale of diminished energy production, is a game of pretending.
The collateral damage from the rate hikes has been the banking destabilization, which shows the priority of the government officials and central banks to support the climate change agenda. Into the game of pretending comes the second unavoidable consequence with inflation continuing as a result of the energy policy.
They simply cannot cut energy demand enough to meet the diminished scale of production. There is no alternative ‘green’ energy system in place to make up the difference. That is the reality. Now, the fed is scheduled to raise rates again, then begin to debate the collateral damage as they continue the pretending game.
(Via Wall Street Journal) – […] Another quarter-percentage point increase would lift the benchmark federal-funds rate to a 16-year high. The Fed began raising rates from near zero in March 2022.
Fed officials increased rates by a quarter point on March 22 to a range between 4.75% and 5%. That increase occurred with officials just beginning to grapple with the potential fallout of two midsize bank failures in March.
The sale of First Republic Bank to JPMorgan Chase & Co. by the Federal Deposit Insurance Corp. announced early Monday is the latest reminder of how banking stress is clouding the economic outlook.
Fed officials are likely to keep an eye on how investors react to that deal ahead of Wednesday’s decision, just as they did before their rate increase six weeks ago when Swiss authorities merged investment banks UBS Group AG and Credit Suisse Group AG. (read more)
There is no other way to look at the combined policy without seeing a Central Bank Digital Currency (CBDC) in the future. All of these combined policies are creating a self-fulfilling prophecy.
Posted originally on the CTH on April 29, 2023 | Sundance
In the big picture you might boil down this week’s Neil Oliver monologue to say there’s good and bad, and people need to pick a side. However, the reality of the details he uses to frame the battle against the “baddies” is a series of current event datapoints the powers that be are likely not going to appreciate.
In his monologue Neil hits on the power behind the Potemkin Village, the multinational corporations behind the scenes, the groups who control the public impressions of politics while orchestrating their next exfiltration of wealth. Incredibly, Oliver goes into the background of Sudan and Ukraine to outline how the corporations that control government need assistance from the military those government officials control.
Think about the dynamic behind that truth: the corporations that control government need assistance from the military the government controls, because that’s the reality of the thing we are not supposed to talk about. What that truth outlines is what’s known on these pages as ‘the exfiltration dynamic‘.
Talking about the secret thing is not permitted; yet talk about it he does, in detail, in sunlight. Oliver is going full Tucker. WATCH:
Posted originally on the CTH on April 29, 2023 | Sundance
There’s something sketchy afoot in the world of high finance. Following the collapse of Silicon Valley Bank, the most likely first contagion bank would have been First Republic Bank; both California banks carried similar vulnerabilities. However, once the Treasury Dept agreed to cover all deposits, even those unsecured deposits over the $250k FDIC insurance protection, suddenly First Republic Bank survived.
After the FDIC announcement, a group of 11 larger banks lent First Republic a tranche of money ($30 billion) to secure its holdings and help stabilize it. Approximately six weeks passed, suspiciously perhaps the burn rate for the tranche in combination with risk averse exits says I, and suddenly First Republic starts destabilizing again. [Insert Suspicious Cat here]
The First Republic stock value collapsed further last week, and the FDIC is now trying to get a takeover bid secured before government regulators are forced into a position of receivership. I’m not dialed in to the banking industry, but it looks to me like the six-week interim phase was an agreement to give the illusion of stability and afford time for highly exposed, ¹likely well connected, stakeholders to exit.
With the Treasury taking the prior SVB position, thereby securing all deposits regardless of scope, the FDIC is now on the hook if the collapse includes a govt takeover. The FDIC seems to be playing hot potato and looking for a buyer. Additionally, the FDIC is asking JP Morgan-Chase if they are interested. JPMorgan holds more than 10% of all deposit funds in U.S. banking. From a regulatory position, JPM cannot legally take any more institutional deposits. So, what gives? It is all sketchy, all of it.
(Bloomberg) — The Federal Deposit Insurance Corp. has asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., US Bancorp and Bank of America Corp. to submit final bids for First Republic Bank by Sunday after gauging initial interest earlier in the week, according to people with knowledge of the matter.
The regulator reached out to some banks late Thursday seeking indications of interest, including a proposed price and an estimated cost to the agency’s deposit insurance fund. Based on submissions received Friday, the regulator invited some of those firms and others to the next step in the bidding process, the people said, asking not to be named discussing the confidential talks.
Spokespeople for JPMorgan, PNC, US Bancorp, Bank of America and the FDIC declined to comment. Bank of America is considering whether to proceed with a formal offer, one of the people said. Citizens Financial Group Inc. is also involved in the bidding, Reuters reported, citing people with knowledge of the matter.
The bidding process kick-started by regulators — after weeks of fruitless talks among banks and their advisers — could pave the way for a tidier sale of First Republic than the drawn-out auctions that followed the failures of Silicon Valley Bank and Signature Bank last month. Authorities are stepping in after a particularly precipitous drop in the company’s stock over the past week, which is now down 97% this year.
Unclear to some involved in the process is whether regulators might use a bid for a so-called open-market solution that avoids formally declaring First Republic a failure and seizing it. The stock’s drop — leaving the company with a $650 million market value — has made such a takeover at least somewhat more feasible.
[…] A group of 11 banks that deposited $30 billion into First Republic last month — giving it time to find a private-sector solution — have proved reluctant to band together on making a joint investment. A few proposals that surfaced in recent days called for a consortium of stronger banks to buy assets from First Republic for more than their market value. But no agreement materialized.
Instead, some stronger firms have been waiting for the government to offer aid or put the bank in receivership, a resolution they view as cleaner — and potentially ending with a sale of the bank or its pieces at attractive prices.
But receivership is an outcome the FDIC would prefer to avoid in part because of the prospect it will inflict a multibillion-dollar hit to its own deposit insurance fund. The agency is already planning to impose a special assessment on the industry to cover the cost of SVB and Signature Bank’s failures last month. (more)
¹This is pure speculation on my part, but if you were a well-connected California big fish and you had exposure in FRB, after the SVB collapse you might ask the govt to construct an exit plan to assist you.
$11 billion flows in, you make your quiet withdrawals, and after exit the delayed outcome proceeds accordingly.
Yevgeny Viktorovich Prigozhin (born 1961), is a confidant of Putin. He published on Telegram on April 14th, which demonstrates what I have been warning about. The American Neocons have full control of the Biden White House, the IMF, UN, ICC, and of course NATO. They have spent their entire lives dreaming of the day they get to destroy Russia. They tried to persuade Ronald Reagan not to even meet with Gorbachev. They have been against any negotiation and they were behind the ploy to negotiate the Minsk Agreement only to buy time for Ukraine to build an army to launch war against Russia.
Here is the translation of his post:
Angry Patriots Club Angry Patriot Club Manifesto
We are angry patriots. We love Russia. Our country is waging a serious war, but this war is being waged mediocre.
The opportunity for a quick and bloodless victory over the Ukrainian state, which has become a weapon of NATO, was missed back in 2014 by the signing of the treacherous Minsk agreements. The military operation launched in 2022 could have gone according to a completely different scenario, but a mediocre organization at the strategic, operational and tactical level led our country to a war of attrition.
Defeat in the war will lead Russia to catastrophic consequences. The United States and NATO countries do not hide their intentions to dismember the Russian Federation and bring the Russian people into submission to the new yoke, which this time came from the West.
The country in its present state cannot inflict on the enemy that crushing defeat which will force the enemy to accept peace terms acceptable to us. However, the military-political leadership of Russia does not realize the gravity of the situation.
Neither military nor industrial mobilization has been carried out on the required scale. Military operations continue to be led by people who, due to their abilities, are not worthy of wearing even the shoulder straps of sergeants. Everything is very similar to the Russo-Japanese or the First World War. What’s next?
Civil society and angry patriots as part of it have assumed many of the functions of the Russian state. First of all, we are talking about the direct supply and re-equipment of the fighting units of the Russian army. We will continue to do so in any situation. We have experience in solving other problems as well.
We understand that now is not the time to continue the confrontation between the reds and whites of a hundred years ago. In a most dangerous war, such disputes can be seriously conducted either by fools or by agents of the enemy.
Those who have transferred their capital and their loyalty to the West continue to remain in power and big business. They are ready for sabotage, as well as for direct collusion with the enemy and, therefore, betrayal. We do not rule out that they are preparing a pro-Western coup, capitulation and, consequently, the dismemberment of Russia.
We will counter this scenario with all available means.
We are ready to cooperate with all the healthy forces of society, with all those who do not want Russia to lose.
Everything for the front, everything for the Victory, glory to Russia!
Angry Patriots Club
He realizes that Ukraine is merely the spearhead of NATO and they could care less if all Ukrainians die in their war against Russia. The signing of the Minsk Agreements clearly established that you cannot negotiate a resolution with Ukraine for the American Neocons will never honor their agreements. That leaves only endless war. He rightly understands that the objective is to defeat Russia which he acknowledges will have catastrophic consequences. The United States and NATO states want to dismember the Russian Federation and bring the Russian people into submission. But just as the Neocons tried to prevent Reagan from taking with Gorbachev, they proclaimed that Russians can never be trusted and lie. Hence, because that is their view of all Russians, they act in the same manner that they “think” Russians act.
He was warned that the military-political leadership of Russia does not realize the gravity of the situation. He is probably correct in that statement. He sees the oligarchs who transferred their capital and their “loyalty to the West” are still in power and a threat to Russia. They will sabotage Russia as traitors to preserve their wealth. He warns that they are in direct collusion with the enemy and, therefore, traitors to the Russian people. He further warns that they may attempt a pro-Western coup, “capitulation, and, consequently, the dismemberment of Russia.” He vows to defend Russia at all costs against these traitors.
Meanwhile, Ukraine continues to try to assassinate Putin and his close allies inside Russia. This came precisely during the target week for the ECM with respect to Ukraine. This may yet prove to be a very significant event.
Zelensky sent a drone to kill Putin but it crashed not far from the target. Putin. on the other hand, ruled out any attempt to assassinate Zelensky. This reflects the sheer hatred I have encountered with regard to Ukraine v Russia. The Donbas should be free of Kyiv. What began the separatist movement was the wholesale slaughter of Russian-speaking Ukrainians in Odessa on May 2nd, 2014. They burned Russan-Ukrainians alive. The West played down that massacre because they were Russians who were being killed on the streets.
Ukraine is a complete fool and Russia would be totally now justified in assassinating Zelensky. Removing Putin will lead to serious repercussions for this will confirm that the United States and NATO are involved in regime change. The second tier knows this is really WWIII. Putin and China are desperately trying to prevent an all-out war, but Zelensky gets his marching orders from Blinken. The likelihood of Ukraine even existing beyond 2026.317 is not very good. This refusal to simply divide the country according to ethnic background is the ONLY possible solution to save the world. Just as the assassination of the Archduke by a Serb unleashed WWI, we are staring into the eyes of death and carnage and Biden is in a never-never-land and will not defend the American people against this American coup by the Neocons.
It was precisely on the Pi Target of January 10th, 2023 that the United States announced it would train Ukrainians on the use of Patriot Missiles. That clearly announced to Russia that the United States is in fact behind this war to take down Russia at all costs – the Neocon dream. As I have warned before, there is dissent inside Russia among the second tier but from the standpoint that Putin has restrained the military to only the Dunbas. They feel this is war and Ukraine is even fighting for NATO and is sending missiles into Russia and they should attack Kyiv. Some even believe that Kyiv should be nuked and that would make the rest of Europe rise up against their leaders to end this aggression against Russia.
It has been alleged that Russia fired a special missile to take out the underground bunker used by NATO to orchestrate the Ukrainian War. The West will never admit that any American or European was killed in such an action and would then confirm to the world would know they are really behind this war. Do not expect any media to confirm such an attack.
While China is trying to get Zelensky to respect the Minish Agreement and let the Donbas have their free elections, the likelihood of that is nill. Blinken will not allow it. We must still be on guard that the West will create a false flag for they now NEED a war to unfold before the 2024 US election. They are using the old-school playbook whereby no president has ever lost an election during a time of war. At the latest, we might see that false flag by April 19/20th, 2024.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 