from Corey’s Digs:
TRUTH LIVES on at https://sgtreport.tv/
by Jim Bovard, Discern Report:
The January meeting of the World Economic Forum (WEF) in Davos, Switzerland, should have set off alarms among freedom lovers around the globe. The annual confab of billionaires, political weasels, and deranged activists laid out plans to further repress humanity. But at least the gathering provided plenty of comic relief for people who enjoy elite buffoonery.
Self-worship is obligatory in Davos. John Kerry, Biden’s Special Presidential Envoy for Climate, hailed his fellow attendees as “extraterrestrial” for their devotion to saving the earth. Greenpeace complained that “the rich and powerful flock to Davos in ultra-polluting, socially inequitable private jets to discuss climate and inequality behind closed doors.” Being a climate change activist is “the privilege of rich and elite folks” who want to force people to use unreliable and ineffective wind and solar for energy, according to Daniel Turner of Power the Future.
by Mac Slavo, SHTF Plan:
The banking and financial crisis is far from over. Yesterday, the Federal Reserve hiked interest rates yet again to “fight” inflation, however, this could create a “domino effect” of regional bank failures. PacWest Bancorp is now considering a sale or “other moves” to keep it “solvent” for the time being.
The Fed raised the benchmark federal funds rate to a range between 5% and 5.25%, which is the highest level since 2007, at a time when bank customers are already feeling anxious after a string of recent bank failures.
by Claudio Grass, Claudio Grass:
The roots of the injustice that brought over a million to the streets
It is the core of a long running joke that the French love to strike more than they like to work – and for good reason. Demonstrations, strikes and even riots, have been a common occurrence for decades. However, this latest round seems to be interestingly persistent, despite the fact that it’s receiving increasingly sparse media coverage.
from State Of The Nation:
Controlled Demolition In Progress of All Banks That Are Not TOO BIG TO FAIL
But what exactly are the Khazarian banksters up to with this black operation?
Just going to leave this here for now #BankFailures pic.twitter.com/4mOTzoPFsj
— Edward Dowd (@DowdEdward) May 3, 2023
by Wolf Richter, Wolf Street:
Massive gyrations on the balance sheet after FDIC’s take-down of First Republic, sale of its assets to JP Morgan, and FDIC’s loan to JPM.
Today we were served a special spectacle on the Federal Reserve’s weekly balance sheet. Total assets dropped by $59 billion in the week, and by $230 billion in the six weeks since peak bank bailout, to $8.50 trillion, as QT continued on track with a big Treasury securities roll-off, and as First Republic, the FDIC, and JP Morgan were splattered all over this balance sheet.
by Tom Luongo, Tom Luongo:
Now that we’re post-FOMC and ECB we have a clear playing field for another 6 weeks. The US debt ceiling theater is now center-stage along with completing the transition away from LIBOR, which will become an anachronism at the end of Q2.
SOFR will be the law of the land in the US come July. The change over from LIBOR is effectively complete with LIBOR-based Eurodollar Futures now consigned to the dustbin of history.
by C. Mitchell Shaw, The New American:
It appears that another left-leaning media outlet is going under. Just weeks after fellow traveler Buzzfeed shut down and became a part of HuffPost’s brand, Vice appears to be headed toward bankruptcy. Vice — valued at nearly $6 billion in 2017 — has been unable to find a buyer willing to pay even the $1 billion sales price needed to save the company from declaring itself insolvent.
by Michael Snyder, The Economic Collapse Blog:
Every time that they tell us that everything is fine, things just seem to get even worse. This banking crisis was supposed to be “over” after Silicon Valley Bank and Signature Bank collapsed. It wasn’t. Then it was supposed to be “over” after First Republic collapsed. It wasn’t. By now, most of you already know about what has been happening to PacWest, Western Alliance, First Horizon and countless other regional bank stocks. In all my years, I have never seen banking stocks fall so quickly. If this avalanche continues to pick up momentum, pretty soon we will have to stop talking about a “banking industry crisis” and start talking about a “banking industry apocalypse”.