"Truth is proper and beautiful in all times and in all places.: -- Frederick Douglass
"All men recognize the right of revolution; that is, the right to refuse allegiance to, and to resist, the government, when its tyranny or its inefficiency are great and unendurable." -- Henry David Thoreau (1942). "Civil Disobedience"
If the United States government really is implementing "Operation Choke Point 2.0," it will hurt financial stability and may have contributed to the collapse of Silicon Valley Bank, according to Donald Trump’s former acting White House chief of staff, Mick Mulvaney.
CBDCs enable all sorts of horrible, totalitarian things.
They allow governments to track and control every penny you earn, save, and spend. They are a powerful tool for politicians to confiscate and redistribute wealth as they see fit.
CBDCs will also enable devious social engineering by allowing governments to punish and reward people in ways they previously couldn’t.
CBDCs are, without a doubt, an instrument of enslavement. They represent a quantum leap backward in human freedom.
Unfortunately, they’re coming soon…
While all eyes have been distracted by First Republic Bank's efforts to re-capitalize, it appears Pacific West Bank (PacWest) has also been trying to raise capital.
The bank issued an update this morning confirming that it is abandoning its plans for a capital raise:
In addition to these liquidity-enhancing measures, and as part of its proactive approach to capital and liquidity management, the Company has explored a capital raise with potential investors.
Hackers drained millions of dollars in digital coins from cryptocurrency ATMs by exploiting a zero-day vulnerability, leaving customers on the hook for losses that can’t be reversed, the kiosk manufacturer has revealed.
The International Monetary Fund (IMF) says it has reached an agreement with Ukraine on funding worth $15.6bn (£12.8bn).
The organisation's first loan to a country at war is expected to be approved in the coming weeks.
It would also be one of the largest financing packages Ukraine has received since Russia's invasion.
The IMF recently changed a rule to allow loans to countries facing "exceptionally high uncertainty".
The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse of supporting shelving is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year bonds. Bank depositors meanwhile were still being paid only 0.2 percent on their deposits. That has led to a steady withdrawal of funds from banks – and a corresponding decline in commercial bank balances with the Federal Reserve.
Anyone who doesn’t see what is happening will soon lose a major part of their assets either through bank failure, currency debasement or the collapse of all bubble assets like stocks, property and bonds by 75-100%.
Many bonds will become worthless.
Wealth preservation in physical gold is now absolutely critical. Obviously it must be stored outside a broken financial system. More later in this article.
Real estate lawyer Jim Burling, Vice President of litigation for Pacific Legal Foundation, recently warned Fox News Digital that any home left unoccupied for an extended period could be a target. In Chicago, two residents recently found out the hard way when squatters moved into their homes after their elderly family members died. Darthula Young and Karen Polk discovered the squatters in September, yet remain tied up in the court process, a process that can take months and puts the burden of proof on the homeowners.
Days after it was rescued in an emergency buyout, Credit Suisse gathered hundreds of clients in an upscale Hong Kong hotel on Tuesday for a glitzy investment conference where they were told to "embrace the new reality".
Executives at the event from the troubled Swiss lender were eager to offer reassurances, even as details of the takeover by Swiss giant UBS remained unclear and global markets were buffeted by fears for the banking industry.
