This isn't a banking crisis. This is an economic attack and the intent seems to be so the banking sector can consolidate further. Its being done with the tacit approval of the fed.
Every action taken in the last 50 years has been to slowly but surely move the banking sector to consolidate banking in the smallest number of hands to consolidate power.
2008 provided the perfect excuse for them to pass legislation that prevented new banks from being chartered. If you look at the requirements, the only way you can charter a bank is to accept personal liability for all outcomes of your board decisions and you are prohibited from receiving any compensation for it. If you can't find people for your board, you can't charter a bank, and you can't pay them for their time or risk. The only reasonable people that would charter banks are the people that lie, if they have no credibility why would you ever give them your money.
Worse, the stock market has a mechanic that allows any exposed company to be at the mercy of faceless entities even if they are in perfect financial health and follow good practices. Synthetic shares.
FRC was a most recent example of this. They had conveniently timed media packages and youtube videos posted in feeds that were edited showing bank runs on a Sunday, and the reflected window text was the wrong direction.
Worse, inflation is out of control, and the data and measures for it have been corrupted to show significantly lower percentages, and there are collusive options and shorted shares are being used to induce volatility halts when the price might exceed a resistance level, its very algorithmic.
The SEC is toothless, the currency will hyper-inflate, and we will be the next Argentina. Its what the Fed wants.
OK, I undestand what you read, but would like some more clarity.
Why is the Fed trying to move the banking sectors to consolidate banking for the last 50 years?
The President of the United States nominates the members of the board of directors. The US Senate confirms those choices.
No two governors may come from the same Fed District. They are 14 year terms and staggered. No board member can be re-appointed.
You would have to have the entire US presidents from Nixon to Biden in on it. All 100 Senators (or the majority) would have to be in on it. Every Fed governor would have to be in on it. All the people around those decisions - POTUS staff, Senators' staff, everyone working at the Fed - all working in unison and no one talking for 50 years - no books written that they want to put all small banks out of the way. It's easy to say "The Fed" but the current members are Jerome Powell, Michael Barr, Michelle Bowman, Lisa Cook, Philip Jefferson, and Christopher Waller. What can you tell me about each of them? Why would they be in lockstep? Have they all been told that they would be assassinated by the CIA if they didn't follow orders from some shadowy group? Who exactly is this shadowy group that will assassinate them. Please name names instead of saying "shadowy group." I only use this term because I don't know what their names are and if they have an actual group name.
And most importantly, who and why would someone want to have us be the next Argentina? Why does - not the fed - but Jerome Powell, Michael Barr, Michelle Bowman, Lisa Cook, Philip Jefferson, and Christopher Waller want to destroy the USA? Why does every single president and every single Senator every single Fed Member, and all of their staffs, for the last 50 years, want to destroy the USA? I'd love to know this. If you could list every single member of Senate and all the Fed Board members, by name (Senators and Fed board members and their staffs), and tell me why each and every single one of them want the destruction the USA, I'd love to hear it. I also assume since the USA is destroyed, it would also take out Western Europe and most countries around the world - like, almost all of them.
Every action taken in the last 50 years has been to slowly but surely move the banking sector to consolidate banking in the smallest number of hands to consolidate power.
2008 provided the perfect excuse for them to pass legislation that prevented new banks from being chartered. If you look at the requirements, the only way you can charter a bank is to accept personal liability for all outcomes of your board decisions and you are prohibited from receiving any compensation for it. If you can't find people for your board, you can't charter a bank, and you can't pay them for their time or risk. The only reasonable people that would charter banks are the people that lie, if they have no credibility why would you ever give them your money.
Worse, the stock market has a mechanic that allows any exposed company to be at the mercy of faceless entities even if they are in perfect financial health and follow good practices. Synthetic shares.
FRC was a most recent example of this. They had conveniently timed media packages and youtube videos posted in feeds that were edited showing bank runs on a Sunday, and the reflected window text was the wrong direction.
Worse, inflation is out of control, and the data and measures for it have been corrupted to show significantly lower percentages, and there are collusive options and shorted shares are being used to induce volatility halts when the price might exceed a resistance level, its very algorithmic.
The SEC is toothless, the currency will hyper-inflate, and we will be the next Argentina. Its what the Fed wants.