Loading ...SUMMARY OF THE BAILOUT
Fully’s Take …corrections welcome
They are going to use the Pool of Emergency banking Funds ( funded in advance by the banks just for an event like this ) to make all depositors whole at the 2 Banks that have failed. Apparently that Fund has 100 Billion to dole out. So tomorrow the depositors will go and get their money out
Actually Looks like they are writing a blank check to any and all banks that have liquidity problems …they are setting up a line of credit for as much as it takes to allow under siege banks to honor their commitments to any and all depositors who want their money back .
I don’t know where this money will come from…sounds like they are talking potential Trillions if more Banks fail .
So this is designed to prevent a systemic melt down . Effectively EVERY BANK DEPOSIT IN THE SYSTEM AS A WHOLE IS NOW GUARANTEED …NOT JUST THE $250 k INSURED BY DEPOSIT INSURANCE.
They ARE not BAILING OUT THESE FAILED BANKS SO THE SHAREHOLDERS AND BONDHOLDERS ARE TOAST !
Biden is going to Bask in the Glow of having saved the whole financial system from collapse tomorrow in a speech .
THE CLAIM IS THAT NO TAXPAYER MONEY IS BEING USED IN THIS BAILOUT.
JUST THE EMERGENCY DEPOSIT INSURANCE RESERVES ARE NOW BEING SOMEHOW MIRACULOUSY INCREASED FROM 100 BILLION TO ….INFINITY !
THE 100 BILLION HAS BEEN CONTRIBUTED BY THE BANKS
THE INFINITE $S TO PROTECT THE SYSEM COMES FROM …..WHERE ?
ANYBODY ?
THIN AIR ??
AS ALWAYS I MAY BE MISREADING THIS BUT THATS WHAT SEEMS TO BE HAPPENING
So Now we have the answer to the question…ARE THEY PURPOSELY TRYING TO CRASH THE SYSTEM AND ENSLAVE US ALL WITH CBDC AND UBI ?
NO …THEY ARE TRYING TO KEEP IT GOING !!!!
sounds like a recipe for runaway hyper inflation
Will Other Countries Follow ?
They will have to or else all banks in the EU Japan Canada …EVERYWHERE will fail as depositors send their deposits to the USA…where it’s Safe…and …Effective
ok…HERE IS THE LATEST FROM CNBC…LETS SEE WHAT JUST HAPPENED …IS IT ANYTHING LIKE I JUST SUMMARIZED OR AM I FLUMOXXED ?
https://www.cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html
AND…WALL STREET NOT TAXPAYERS WILL PAY FOR THE BAILOUT OF DEPOSITORS
…………..
WOW…Gotta hand it to them…this is all pretty slick ….EVERYONE WILL BE HAPPY WITH THIS…IT’S PERFECTION
WHY AM I SKEPTICAL…??
Yes, we will all pay with hyperinflation!
MMT lives on.
Apparently they didn’t learn enough from a one time 30% spike.
It appears they will, knowingly or not, be setting us on a treadmill or hamster cage with this.
Crisis. MMT. Inflation spike. Retreat, spark new crisis. More MMT. Build new crisis. When it hits, more MMT. Rekindling more crisis.