As it has been prophesied, the banks begin to fail.
Silvergate Bank
Silicon Valley Bank
These banks have been in the crypto news lately as they have failed and their moneys locked up.
There have been a score of small banks being closed this year.
Auto loan companies are shuttering their doors.
Mortgage companies are drying up.
Looks like it is going to be a very bad year for financial corporations
I am betting that Wells Fargone will be the first of the bigger banks to fall.
Jerome Powell says, "some pain" and "pain to come"
This is a planned implosion of the financial system.
This is the point where they start to eat their own.
Each bank is capable of creating its own money... but slowly this gets sucked up to the bigger banks.
And that giant sucking sound you hear means the destruction of most small banks.
Powell has already inferred that he is going to keep raising rates until inflation goes away.
And this round of inflation is because of not enough goods in the system. (from the global lockdown)
This cannot be fixed by messing with the money supply. No amount of money can buy a product that doesn't exist.
So, Jerome Powell has stated that interest rates are going to keep going up until you all feel the pain.
And this is all planned.
Bank failures and riding in to the rescue
The banksters are planning to make everything so painful that people will beg for CBDCs.
There will be so many lies in the MSmockingbirdM you won't believe your ears.
Everything, especially crypto, will be blamed for all the bank failures, and especially, why your money is gone.
And then there will be a campaign telling everyone how wonderful it would be if the Fed just took care of all your money themselves.
- It will be super safe! (except from the govern-cement)
- Nobody can steal it! (except from the govern-cement)
- You won't have to deal with any criminal banks anymore (except from the govern-cement)
Doesn't that sound just wonderful?
Unless you want to donate to some truckers... then your account will instantly be frozen.
Hopefully enough people realize what a trojan horse this is.
All of the big banks are already Bust
The bigs only exist because all of the derivatives are not being settled.
Who owes whom, what will not be figured out for decades.
The only thing for sure is that, at some time in the (near) future, if you have money in the bank, you will be screwed.
FDIC doesn't have enough funds to pay for even one big bank failure. So, if we do get insurance money... it will actually be US paying us.
This is going to suck for most people.
If you have gold, it will probably skyrocket in value
And, if we are really lucky, a new financial economy will be worked with existing paper dollars and cryptos.
Or maybe just cryptos... if we have enough time left for adoption.
Anyway, the plans are in motion.
Have cash, have crypto, have silver