Thursday, October 31, 2024

Here We Go Again: Troubled California Bank PacWest Craters 60% On Report It Is Seeking Buyers Or Capital Raise

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from ZeroHedge:

Earlier today, when Jerome Powell openly lied to the American People during the FOMC press conference stating without a hint of irony that the US banking system is “sound and resilient”…

…we balked: how could this former lawyer lie so brazenly to the American people, the narrator wondered, when in just the past few weeks we had seen over half a trillion in bank failures, making the current bank failure episode even worse than the global financial crisis?

Short Sellers Cratered Silvergate Bank and First Republic; They’re Now Targeting PacWest and Numerous Other Regional Banks

by Pam Martens and Russ Martens, Wall St On Parade:

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.

This is also a matter that impacts the financial lives of every American, because every American – rich, poor or middle class – will suffer the consequences in terms of ability to access bank credit and higher fees on that credit as a result of rebuilding the rapidly depleting federal Deposit Insurance Fund that protects bank deposits.

Episode 2704: The Public Flogging Of Tucker Carlson

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from Bannons War Room:

TRUTH LIVES on at https://sgtreport.tv/

BOMBSHELL WHISTLEBLOWER: Joe Biden Engaged In “Bribery Scheme With a Foreign National,” ‘Money for Policy Decisions’

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by Pamela Geller, Geller Report:

This is the moment of truth where the rubber meets the road, do we have a country, or don’t we? Is there rule of law or are the elites above the law?

The party of treason and their operatives in the intel agencies installed this criminal and covered for him for far too long. The Democrat media axis cannot ignore this.

We want our country back.

Is The Federal Reserve Trying To Cause An Economic Depression?

by Michael Snyder, The Economic Collapse Blog:

They actually did it.  Even though banks are collapsing, the commercial real estate market is imploding, home sales are plunging, and large companies are laying off workers all over America, the Federal Reserve just decided to raise interest rates even higher.  This is nothing less than economic malpractice.  They know that higher rates are crushing the economy, but they apparently believe that more pain is needed.  Officials at the Fed just hiked rates another 25 basis points, and they are now the highest that they have been since August 2007

“We’ve Never Seen Such A Dramatic Shift”: Bud Light Hopes New Ad Blitz Can Overcome Corporate Suicide

by Paul Joseph Watson, Summit News:

Bud Light parent company Anheuser-Busch is desperately scrambling to rehabilitate their image following corporate suicide over a transgender ad campaign featuring TikTok influencer Dylan Mulvaney.

In order to make amends with distributors after off-site sales fell 26.1% in the week ending April 22 vs. one year ago, the company has pledged to boost marketing spending on Bud Light and accelerate production of a new slate of ads, according to the Wall Street Journal, which adds that Anheuser-Busch will give a ‘case of Bud Light to every employee’ of a wholesaler.

NOW – FBI record allegedly reveals then-VP Biden was engaged in a criminal bribery scheme with a foreign national.

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