Source: TheEpochTimes.com
Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era?
Country Music Singer John Rich, Dr. Ben Carson And Larry Elder’s Free Speech Bank Is Now Open To All – Rick Findlay 6/2/23
Source: ReclaimTheNet.org
Radio host Larry Elder, along with country music star John Rich and retired neurosurgeon Dr. Ben Carson, has made a foray into the banking sector with an aim to promote the values of free speech.
The three are now the proud co-owners of Old Glory Bank, renamed from First State Bank in Elmore City, Oklahoma, which carries the legacy of being the state’s oldest bank.
This week, the bank announced that it’s open to all with no need to join a waiting list….
JPMorgan Chase and Jeffrey Epstein Were Both Involved in a Strange Offshore Company Called Liquid Funding – Pam Martens and Russ Martens 5/24/23
Source: WallStreetOnParade.com
This Friday and Saturday, JPMorgan Chase’s Chairman and CEO, Jamie Dimon, is scheduled to sit for some very uncomfortable questioning in a deposition concerning what role he played in allowing his bank to serve as a vast cash conduit for Jeffrey Epstein, which enabled Epstein to perpetuate his sex trafficking of underage girls.
The Original Deep State: The Anglo-Canadian Hand Behind the Civil War and Lincoln’s Murder – Matthew Ehret 5/3/23
Source: TheLastAmericanVagabond.com
In my last article ‘Woke-ism And The Self-Induced Suicide Of America‘, I introduced a major psycho spiritual rot plaguing both conservative and liberal minded Americans who have either been led to believe that the USA is 1) wholly evil and deserving of self-annihilation or 2) fully exceptional devoid of any hypocritical blemishes.
Short Sellers Cratered Silvergate Bank and First Republic; They’re Now Targeting PacWest and Numerous Other Regional Banks – Pam Martens and Russ Martens 5/3/23
Source: WallStreetOnParade.com
President Joe Biden is putting the national security of the United States at risk by not suspending the short-selling of federally-insured banks. Concerns over the safety and soundness of the U.S. financial system could cause money flight out of the U.S., impacting the strength of the U.S. dollar and a loss of confidence by our foreign allies.
The Big Government-Big Bank Plot To Exploit Us – Lew Rockwell 5/8/23
Source: LewRockwell.com
On May 1, government bank officials sold Republic Bank to JP Morgan Chase, the largest bank in the country. Even the New York Times report about the sale recognized that the normal rules had been suspended when the interests of the big government-big bank cabal were at stake: “Lawmakers and regulators have spent years erecting laws and rules meant to limit the power and size of the largest U.S. banks. But those efforts were cast aside in a frantic late-night effort by government officials to contain a banking crisis by seizing and selling First Republic Bank to the country’s biggest bank, JPMorgan Chase.
Continue reading “The Big Government-Big Bank Plot To Exploit Us – Lew Rockwell 5/8/23”
How the War on Crypto Triggered a Banking Crisis – Ellen Brown 4/29/23
Source: EllenBrown.com
According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to police the crypto market. Gensler testified at an April 18 House Financial Services Committee hearing:
Continue reading “How the War on Crypto Triggered a Banking Crisis – Ellen Brown 4/29/23”
The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008 Was – Michael Snyder 5/1/23
Source: TheEconomicCollapseBlog.com
Yes, you read the headline correctly. Collectively, the three big banks that have collapsed in 2023 had more assets than all 25 banks that collapsed in 2008 did. Unfortunately, the banking collapse of 2023 is far from over. We still have eight more months to go before this year is done, and many more banks are currently teetering on the brink of disaster. Executives at those banks are telling us not to worry, but of course executives at First Republic were issuing similar assurances just last week. Personally, I had heard that First Republic supposedly had enough reserves to keep going for months. But that was a lie, and now First Republic is toast. The following comes from the official statement that the FDIC issued when it took over the bank…
Epstein’s Private Calendar Emerges: Among Prominent Names Listed Are Biden’s CIA Chief, Goldman Top Lawyer – ZeroHedge 5/1/23
Source: ZeroHedge.com
In 2014, current CIA director William Burns had three meetings with Jeffrey Epstein when Burns was Obama’s deputy secretary of state, and after Epstein had been convicted of child sex exploitation, the Wall Street Journal reports.
India, Malaysia Move Beyond Dollar to Settle Trade in INR – The Hindu 4/1/23
Source: TheHindu.com
The announcement is seen as a decisive step towards de-dolarisation and an effort to safeguard Indian trade from the impact of Russia’s war in Ukraine and its subsequent fallout and sanctions.
India and Malaysia have agreed to settle trade in the Indian rupees, the Ministry of External Affairs announced on on April 1, 2023.
The announcement came in the backdrop of ongoing official efforts to Safeguard Indian trade from the impact of Ukraine crisis. The shift away from The U.S. dollar which has been the dominant reserve currency for international trade so far has added significance as it indicates India is willing to take concrete steps towards de-dollarisation of its international trade.
Continue reading “India, Malaysia Move Beyond Dollar to Settle Trade in INR – The Hindu 4/1/23”
Central Bank Gold Buying Shows No Sign of Slowing Down – Schiff Gold 4/4/23
Source: SchiffGold.com
There’s no sign of a slowdown in central bank gold buying.
In February, central bank gold reserves rose by another 52 tons, according to the latest data compiled by the World Gold Council.
It was the 11th straight month of central bank net gold purchases.
Continue reading “Central Bank Gold Buying Shows No Sign of Slowing Down – Schiff Gold 4/4/23”
Report: FDIC Asked Signature Buyers to Stop All Crypto Business – Coin Telegraph 3/16/23
Source: CoinTelegraph.com
The United States Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed U.S. banks not to support any crypto services.
Silicon Valley Bank Donated $73.4 Million To BLM And Related Entities – ZeroHedge 3/15/23
Source: ZeroHedge.com
While Silicon Valley Bank execs may have failed to hedge against interest rate risk, they did signal $73.45 million in virtue donating to Black Lives Matter and related entities, according to a database maintained by the Claremont Institute which lists nearly $83 billion in donations to the Marxist organization.
Why the Bank Crisis is not Over – Michael Hudson 3/14/23
Source: Unz.com
The crashes of Silvergate, Silicon Valley Bank, Signature Bank and its related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the real estate that they had pledged as collateral was fraudulently overvalued, “mark-to-fantasy” junk mortgages made by false valuations of in the property’s actual market price and the borrower’s income. Banks sold these loans to institutional buyers such as pension funds, German savings banks and other gullible buyers who had drunk the neoliberal Kool Aid believing with Alan Greenspan that banks would not cheat them.
Continue reading “Why the Bank Crisis is not Over – Michael Hudson 3/14/23”
If It Looks Like a Bailout and Walks Like a Bailout It’s Probably a Bailout – Schiff Gold 3/16/23
Source: SchiffGold.com
As the old saying goes, if it looks like a duck, walks like a duck, and quacks like a duck, it’s probably a duck.
Well, if it looks like a bailout, walks like a bailout, and talks like a bailout, it’s probably a bailout.
As Banking Collapses Erode Trust, Bitcoin Fixes Moral Hazard – Mickey Koss 3/13/23
Source: BitcoinMagazine.com
As unrealized losses piled up, Silicon Valley Bank (SVB) gradually, then suddenly became insolvent, followed by the collapse of Signature Bank and people beginning to wake up to issues pervading our financial system. Modern day bank runs, though digital, can force banks to sell reserve assets at a loss, inevitably leading to insolvency.
Peter Schiff: The 2023 Financial Crisis Has Begun! – SchiffGold 3/14/23
Source: SchiffGold.com
As we start to sort through the fallout of the failure of Silicon Valley Bank and Signature Bank and the government’s reaction to it, the next question is: what’s next?
Government officials and mainstream pundits insist everything is fine now. They say quick government action averted a crisis. But in his podcast, Peter Schiff said this is really just the beginning of the next financial crisis.
Continue reading “Peter Schiff: The 2023 Financial Crisis Has Begun! – SchiffGold 3/14/23”
Silicon Valley Bank’s Demise Began with Downgrade Threat – Reuters 3/11/23
Source: Reuters.com
In the middle of last week, Moody’s Investors Service Inc delivered alarming news to SVB Financial Group (SIVB.O), the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank’s credit.
Continue reading “Silicon Valley Bank’s Demise Began with Downgrade Threat – Reuters 3/11/23”
Country Music Singer John Rich Creates Freedom Bank with Dr. Ben Carson and Larry Elder; Will “Never Cancel Law-Abiding Customers” – ReclaimTheNet 3/9/23
Source: ReclaimTheNet.org
Retired neurosurgeon Ben Carson, country music singer John Rich, and conservative commentator Larry Elder have bought a bank that they say will promote American values and protect customers from the cancel culture and de-platforming that has been seen in recent times.
Singapore’s Central Bank MAS Boosts Gold Reserves to Nearly 200 Tonnes – BullionStar 3/8/23
Source: bullionstar.us
In January 2023, Singapore’s central bank, the Monetary Authority of Singapore (MAS) returned to gold buying again, adding a massive 44.6 tonnes of gold to its official reserves, and thereby boosting Singapore’s gold holdings from 153.8 tonnes to 198.4 tonnes.
In percentage terms, this gold buying represents an incredible 29% increase in Singapore’s gold holdings in just one month. In fact, this is Singapore’s second largest largest gold purchase ever in one month, the only gold purchase that was larger was when Singapore first bought 100 tonnes of gold from South Africa in 1968….
Nigerians Not Eager to Embrace Central Bank Digital Currency – SchiffGold 3/7/23
Source: SchiffGold.com
Violent protests in Nigeria reveal that getting average people to embrace central bank digital currencies (CBDCs) might be more difficult than government officials would like.
Nigerians recently took to the streets to protest a cash shortage caused by government policies adopted in order to push the country into the adoption of its central bank digital currency (CBDC).
Continue reading “Nigerians Not Eager to Embrace Central Bank Digital Currency – SchiffGold 3/7/23”
Missouri Senate Votes to End Income Taxes on Gold and Silver, Hold Monetary Metals in Reserve – Mises 2/13/23
Source: Mises.org
The Missouri Senate today passed legislation that would prompt the state treasurer to hold at least 1% of state funds in gold and silver while eliminating all state income taxes on monetary metals.
In a growing national backlash to the rampant inflation caused by massive federal spending, debt, and central bank money printing, more than a dozen states are already moving forward on sound money bills during their 2023 legislative sessions.
“Say Hello To Snow White”: Ex-JPMorgan Exec Emailed Jeffrey Epstein About Disney Princesses – ZeroHedge 2/16/23
Source: ZeroHedge.com
Former JPMorgan exec Jes Staley discussed Disney princesses with Jeffrey Epstein in a July 2010 email exchange, according to several emails cited in a lawsuit filed against the bank by the US Virgin Islands, Bloomberg reports.
JPMorgan Inks Agreement With Zelensky on Rebuilding Ukraine’s Infrastructure, Seeds $20BN+ – ZeroHedge 2/14/23
Source: ZeroHedge.com
Despite some US officials such as CENTCOM chief Gen. Mark Milley last year saying they expect the war in Ukraine likely to be protracted in “years”, not months, which as the conflict is about to enter its 2nd year is proving accurate enough thus far, major banks are already lining up to fund Ukraine’s rebuilding efforts, which is going to be vast and extraordinarily costly – and in reality could take decades.
Last week, Ukrainian President Volodymyr Zelenskiy met with bankers from JPMorgan Chase & Co as part of broader talks focused on both reconstructing the war-ravaged country and enduring the extreme financial tumult of the war.
Bank Of America Will Start Bundling EV Charging Stations With EV Auto Financing – ZeroHedge 2/10/23
Source: ZeroHedge.com
Oh good, more debt.
As if we didn’t have enough of a looming problem in the world of automobile loans, Bank of America is now starting a new trend: tucking more items into their auto loans. In this case, they are starting to bundle at-home electric-vehicle chargers as part of their auto loans, according to a new report from Bloomberg this week.
Operation Choke Point 2.0 Is Underway, And Crypto Is In Its Crosshairs – NicCarter 2/9/23
Source: PirateWires.com
The Biden Administration is quietly trying to ban crypto. Nic Carter explains in an explosive guest post for Pirate Wires.
-Solana
What began as a trickle is now a flood: the US government is using the banking sector to organize a sophisticated, widespread crackdown against the crypto industry. And the administration’s efforts are no secret: they’re expressed plainly in memos, regulatory guidance, and blog posts. However, the breadth of this plan — spanning virtually every financial regulator — as well as its highly coordinated nature, has even the most steely-eyed crypto veterans nervous that crypto businesses might end up completely unbanked, stablecoins may be stranded and unable to manage flows in and out of crypto, and exchanges might be shut off from the banking system entirely. Let’s dig in.
The End of Monetary Hedonism – Jeff Deist 1/31/23
Source: Mises.org
Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade us as people?
These are fundamental questions in an age of monetary hedonism. It is time we began to ask and answer them. Millions of people across the West increasingly recognize the limits of monetary policy, understanding that more money and credit in society do not magically create more goods and services. Production precedes consumption. Capital accumulation is made possible only through profit, which is generated by higher productivity, thanks to earlier capital investment. At the heart of all of it is hard work and human ingenuity. We don’t get rich by legislative edict.
Continue reading “The End of Monetary Hedonism – Jeff Deist 1/31/23”
Iran, Russia Link Banking Systems Amid Western Sanction – LBCGroup 1/30/23
Source: LBCGroup.tv
Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and Moscow are chafing under Western sanctions.
Continue reading “Iran, Russia Link Banking Systems Amid Western Sanction – LBCGroup 1/30/23”
Central Banks Add More Gold in November as China Joins Buying Spree – SchiffGold 1/8/23
Source: SchiffGold.com
Central banks globally added another net 50 tons of gold to their reserves in November, driven in part by the first official purchase by China since 2019.
Gold in 2023 – Alasdair Macleod 12/30/22
Source: GoldMoney.com
This article is in two parts. In Part 1 it looks at how prospects for gold should be viewed from a monetary and economic perspective, pointing out that it is gold whose purchasing power is stable, and that of fiat currencies which is not. Consequently, analysts who see gold as an investment producing a return in national currencies have made a fundamental error which will not be repeated in this article.
The Dangers of Paper Bitcoin – BitcoinMagazine 12/19/22
Source: BitcoinMagazine.com
The potential of losing your funds isn’t the only reason to secure your own bitcoin. It also ensures the price cannot be manipulated.
Are you keeping bitcoin on an exchange?
Let me tell you a story about what happens when you, and others, leave your bitcoin on exchanges. You might be surprised to hear what that means for your holdings. It might sound a lot like your own.
Continue reading “The Dangers of Paper Bitcoin – BitcoinMagazine 12/19/22”
The Forgotten Fourth Function of Money & G-SIBs – JamesTurk 12/20/22
Source: LewRockwell.com
Money is routinely defined by what it does, rather than what it is. That is unfortunate because its modern definition overlooks money’s important – but now forgotten – fourth function.
Aristotle observed that money is a medium of exchange, unit of account, and store of value. This definition omits the fourth function needed to explain money and currency in our modern economy.
Continue reading “The Forgotten Fourth Function of Money & G-SIBs – JamesTurk 12/20/22”
The Debate Between Gold and Bitcoin in 2023 – AlasdairMacleod 12/8/22
Source: GoldMoney.com
The FTX scandal has thrown the future of cryptocurrencies into doubt. Supporters of bitcoin, which has proved to be remarkably robust at a time when the whole cryptocurrency ecosystem is threatened by scandal and a systemic collapse, are still asserting that it is the future money.
This article addresses a number of issues that next year will make or break bitcoin’s claim over gold. Besides the interest of governments to prevent it having any monetary role, hodlers ignore the legal status of gold as money, and the different treatment likely to be accorded to bitcoin in criminal law. Furthermore, bulls of bitcoin are mainly only that: speculators hoping for a profit measured in their fiat currencies.
Continue reading “The Debate Between Gold and Bitcoin in 2023 – AlasdairMacleod 12/8/22”
Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments – ZeroHedge 12/8/22
Source: ZeroHedge.com
A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs).
In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria – roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country’s Central Bank Digital Currency (CBDC), the eNaira, it was a massive failure.
The Lost World of the Barbarous Relic – GeorgeF.Smith 12/3/22
Source: LewRockwell.com
It’s one of the greatest ironies of history that gold detractors refer to the metal as the barbarous relic, when in fact the abandonment of gold has put civilization as we know it at risk of extinction.
Continue reading “The Lost World of the Barbarous Relic – GeorgeF.Smith 12/3/22”
New York Fed Announces Test of Digital Dollar with Major Banks – WashingtonExaminer 11/15/22
Source: WashingtonExaminer.com
The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.
The initiative was announced by the regional Federal Reserve bank and nearly a dozen financial institutions on Tuesday. A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger….