Hello John and Doves,
"On Friday, the Federal Deposit
Insurance Corporation announced that it will be placing
First Republic Bank under receivership making this the
third bank collapse in the past two months under President
Biden's watch."
(Silvergate Capital,
isn't included in this list of major collapsed
banks. It was worth over $11 billion in assets;
Signature Bank had over $114 billion in
assets. Silicon Valley Bank had
$209 billion in assets and $175.4 billion in
deposits. First Republic Bank had
$100 billion in assets and $35 billion in investment
securities. At the time of failures.)
Back in March, following the
collapse of Silicon Valley Bank, First Republic Bank
received an emergency loan of $20 billion from Wells
Fargo, JP Morgan Chase, Bank of America, Goldman Sachs,
Morgan Stanley, PNC, BNY Mellon, Truist, US Bancorp, State
Street and Citigroup to prop it up.
The U.S. Federal Reserve
is pushing banks to step up for 'environmental
sustainability' in support of the government's net-zero
economy goal. 62% of banks surveyed "said
they are monitoring client's emissions and environmental
profiles...."
Banks
Increasingly See Climate Risk As Top Priority
Serious poor management with
investments, for example in "climate change" (the Fed's
push for 'environmental sustainability') has resulted in
these banks stealing their customers money to invest in
The Great Reset agenda...And bad investments in the
cryptocurrencies and "as of the end of last year U.S.
banks held Treasuries and other securities with about $620
billion of unrealized losses, according to the
FDIC." A big part of these unrealized
losses are due to the Federal Reserve's own response to
inflation - raising interest rates up and up and up
which resulted in "old" Treasuries and other government
bonds to drop in value...as the new bonds had higher
interest rates. When a bank sells these old bonds,
this is a loss for them. And Federal regulators of
the Federal Reserve knew of bank problems and admitted to
not pushing the banks to fix these HUGE problems.
They also knew of problems with cryptocurrency - even
before the FTX disaster!
Then these banks get bailed out - stealing from
everyone!
And, of course, it's not
working.
These bail outs are supposedly
from the FDIC's insurance fund that "would be replenished
by a levying a additional fee on banks" - which of course
is passed on to clients and businesses that use banks.
Feds to Raise Interest Rates Again:
As a bonus, THEY can use these
massive bank collapses, Silicon Valley Bank, Signature
Bank, now First Republic Bank, (and the FTX collapse) as a
push for their digital currency and FedNow agenda - coming
in July. A recession is coming this year.
Inflation will continue to rise.
So what can be done? Some
think the digital currency will "fix the inflation
problem" And Biden signed and EO "instructing the
federal government and Federal Reserve to lay groundwork
for a potential new U.S. currency, a digital dollar....If
the United States were to adopt a digital currency...it
would be one of the most dramatic expansions of federal
power ever made, one that could put individuals and
businesses in grave danger of losing their social and
economic freedoms."
The Central Bank Digital
Currency (CBDC) would be managed by the Federal
Reserve. This 'money' would not be in a physical
form. It would be digital - the Federal Reserve
"would have the ability to create more digital dollars
whenever it sees fit...and the dollars could be formulated
to have various rules and restrictions built into their
design. For example, a digital dollar could be
crafted to restrict fossil-fuel use, to give bonuses to
people for spending at particular businesses, to enact de
facto price controls by disallowing users from spending
too much on particular products or even to redistribute
wealth"....the Federal Reserve could even limit the amount
of CBDC a client could have.
All of this is for "climate
change", "equity", "financial inclusion" - all the correct
WEF/Great Reset buzz words.
THEY have been stealing money from the American
people for their climate change/climate emergency agenda
since Joe took office in January 2021! Taking as
much money as they can steal before collapsing the whole
thing on top of us and setting up their digital
currency.
Mastercard
(a big supporter of the WEF/Great Reset) says they are
ready for the July roll out of the Federal Reserve's
FedNow system - "Mastercard is also leveraging
generative AI...with the emergence of ChatGPT."
And Mastercard admitted that the failures of these
massive banks is a bonus for them - and they are even
expecting higher interest rates!!
‘We’re
Well-Positioned’ for FedNow, Says Mastercard’s CEO –
Digital Transactions
This all looks innocent 'on
paper.' But this is all about control
of the people - controlling the economy, controlling
how we buy and sell and what we buy and sell.
And add the collapse of FTX - a
crypto exchange and crypto hedge fund' worth
around $40 billion; lawyers discovered that "no
trained professionals from outside the company and its
dozens of affiliates ever looked over FTX's
books. "Billions of dollars of cash and crypto
assets remain unaccounted for. Sam Bankman-Fried
has pleaded not guilty to all federal charges
including "a recently introduced a charge that
he authorized bribes of $40 million in crypto to be
paid to Chinese officials to unlock $1 billion in
funds frozen on a Chinese crytpo exchange."
Tens of millions went to 196 members of Congress as
FTX donations. People who worked with Sam have
turned on him to co-operate with prosecutors.
One such company executive said he "coded a backdoor
that would allow Bankman-Fried and his collaborators
to move funds from FTX to Alameda without leaving a
trail." There is much much more to learn.
Bankman-Fried is out on $250M bail.
The
swift and messy demise of Sam Bankman-Fried's FTX
crypto empire | CBC News
"The FTX debacle was ultimately
the Federal Reserve's fault."
But this is exactly what THEY do
- create problems then provide 'the solutions'!!
This was all planned by the
Federal Reserve to push their FedNow system (which
is their CBDC) on Americans. Following Biden's
EOs and the agenda of the globalists/WEF/Great Reset
agenda. I will keep an eye on the
progress of FedNow.
Pray for the peace of Jerusalem!
Maranatha!
Chance