What Little Doubt I Had Is Gone
I have posted and commented about the motivations of the FED regarding both their failure to raise rates to stop inflation over a year ago and more recently for a number of months their insistence on overly tightening as aggressively in such a short period of time. While I always said there was more to the story than just their mandate of fighting inflation, I have given them the benefit of the doubt while also presenting the idea that they were purposely wrecking the economy and financial system to lay the groundwork for a CBDC. The recent clues leave little doubt that is their “modis operandi”. As I recently posted, the FED isn’t totally stupid and had to know their sharp, rapidly increased interest rate hikes were the quickest and steepest in history. They also as a bank regulator and monitor knew that some banks had to have long term securities on their books that had steep paper losses and wouldn’t be able to meet depositor requests for cash if significant requests were made. Add to that, they knew that despite short term money market funds and t bills were paying close to 5% and most banks were still paying depositors only 1% or less on savings and checking deposits. It is and was, all part of the plan. They purposely precipitated this crisis and the even bigger one, yet to unfold. The final nail in the coffin was this new policy by the FED, Treasury and FDIC. By offering all banks and all bank depositors to make good on 100% of all their funds, they just removed any need for FDIC insurance and the $250K limit. This means all funds are guaranteed by the US Treasury(inflationary) and paves the way for them to introduce a CBDC. When they implement the final stages by shutting down the banks and the ATM’s they will have put the final piece of the puzzle in place without even having Congress pass any legislation. If the banks are closed because of a somewhat phony crisis (they created) no one can get any cash (actual physical currency) so they force the CBDC on you if you want to eat and pay your mortgage, rent and other bills. Like I said, they aren’t stupid, just evil!
Excellent deductions CM. I assume when you said “They purposely precipitated this crisis and the even bigger one, yet to unfold” that the big one to unfold is the implementation of the CBDCs or do you mean something else?
As I said, the crisis to come is the closing of the banks and ATM’s so no one can get cash. That allows them to remove currency without formally getting Congress to pass legislation to do so which almost surely wouldn’t pass. Then they introduce the CBDC which people will need to get access to their funds to live.
WHERE DO YOU DEDUCE FROM ..ALL BANK ACCOUNTS ARE NOW INSURED BY THE BANKING SYSTEM TO NOW THEY WILL CLOSE ALL BANK ACCOUNTS TO CASH WITHDRAWLS ?
HOW DOES A LEAD TO B ?
TO ME THIS ALL SAYS…YOUR MONEY IS THERE…TAKE WHATEVER YOU WANT AND NEED AND WE WILL HAVE THE REST WAITING FOR YOU
There is a flaw in your reasoning
There will always be money for depositors with this new facility
IF they wanted to crash the system they would NOT have done this backstop for ALL Us Deposits
Open your mind CM…Sometimes you talk one way and don’t look at the reality
Tell me I am wrong…tell me how a system can crash when it is guaranteed that your money will always be available
For me this ends that discussion…Now we can talk about more inflation.
I just heard Alex Jones say this was officially the last bank bailouts. Now the FDIC has used up all its dry powder so the stage is set for when the next financial crisis and bank failures come along that they will have no choice but to BAIL-IN the general public. In other words this whole charade was contrived to give cover to a larger agenda aimed directly at your bank account! And introduction of CBDCs of course. Hmmmmm
Holy Crow Batman….Alex might be 100% correct in the assessment.
Its in todays Alex Jones Show — This is the video
https://www.brighteon.com/b2a4ff99-b171-420c-8067-5194f8dcd8a9
You should try taking a course in logic. The fact is they are guaranteeing your money(just in a new different form, CBDC) so people accept it. To get to the new system they have to blow up the existing one. They aren’t taking away your deposits, just the form in which they exist. Removing paper currency and replacing it with electrons. My mind has always been open and I welcome all info and facts. You are just so clouded by the fact you know this would be disastrous for freedom. I agree. But the fact that I don’t want it doesn’t prevent me from seeing the clues that this is the direction they are headed to. You can jump up and down and scream about it but if that is what they are doing and everything we are seeing points to that, it isn’t going to make it not happen.
Chartmaster, if you are talking to me you had better start taking a better tone because I am close to losing my patience with your insulting posts. Do you think we are three years old here you old fool? Go have some milk and take a nap. Come back when you are civilized.
I was replying to FGC.The threads don’t always go chronologically. Why would I reply with what I did regarding your comment about Alex Jones? You just showed yourself to be the fool again. You are the one who wrongly attacked me with childish comments. I only respond when someone else initiates.
WHAT FARMER SAID APPLIES TO ME TOO…I DON’T APPRECIATE YOUR TONE EITHER CM
IF YOU WERE SO SECURE IN YOUR ANALYSIS YOU WOULD EXPLAIN IT WITHOUT ATTACKS .
YOU ARE STILL TALKING YOUR BOOK
YOU ARE STILL…LIKE I AM …TRYING TO MAKE SENSE.
MY TAKE IS DIFFERENT ….AND MY TONE IS DIFFERENT TOO
HOWEVER I CAN AND WILL TRY TO REACH YOU AT YOUR LEVEL
YOU ARE A POMPOUS ASS SOMETIMES ….LIKE YOU SAID EARLIER…PERIOD END OF STORY
SHEESH
PS…READ AND COMMENT ON THIS ..THIS GUY HAS A LITTLE BIT MORE CLOUT THAN YOU DO YOUR HIGHNESS
https://www.americanbanker.com/news/kashkari-calls-cbdc-a-threat-to-privacy-defends-regional-bank-independence
Exactly maybe you can get through to the guy with the closed mind. Just because you don’t want it FGC doesn’t mean it can’t happen.I don’t want it either but it is coming.
I don’t think anybody on this forum has a “closed mind”.
We are all trying to understand what is the “plan” “this time around” … how is it different from 2008
Here’s what Bill Ackman said:
https://twitter.com/BillAckman/status/1635109889302315008
GL
You have some nerve pal. You start attacking me as having a closed mind and all the other BS you posted in replies to me because you can’t come up with facts and logic. I only RESPONDED after your personal nonsense. In the past you were always fair in that you told others that I only responded when attacked on personality and not my arguments and now you did the same thing multiple times today. I never touted that you were wrong last week when you challenged my call on silver or CDE. As long as people just challenged me on the issue(even when they were wrong) I often just stated my case and moved on because I don’t care if you agree with me. When you start acting like a child with snide comments and names I will respond.
Actually I was the first to congratulate you on your Silver call
Then to open this discussion I asked you to OPEN your mind
Thats not an attack its a request or better put a suggestion.
here again was my reply to your post ( in part)
There is a flaw in your reasoning
There will always be money for depositors with this new facility
IF they wanted to crash the system they would NOT have done this backstop for ALL US Deposits
Open your mind CM
PS..There have been many Posters who have taken issues with you holier than THOU attitude …one of our BEST recently left …Highroller….bright guy…didn’t want to deal with you any more.
So have a reflection on that CM
Ask me who I would rather have here ?
Go ahead and ask