by Pam Martens and Russ Martens, Wall St On Parade:
Wall Street mega banks, as well as others, are moving vast amounts of their debt securities from one accounting category to another accounting category in order to stretch out unrealized losses over the life of the instrument. As the FDIC chart above indicates, as of December 31, 2022 unrealized losses on investment securities at U.S. banks stood at more than $600 billion.
According to JPMorgan Chase’s 10-K (Annual Report) filings with the Securities and Exchange Commission, over the past three years it has moved a total of $347 billion (yes, “billion” with a “b”) of investment securities from the accounting category called “Available-for-Sale” (AFS) to the accounting category called “Held-to-Maturity” (HTM).
GOLD PRICE UP $14.55 TO $1959.00//SILVER DOWN 9 CENTS TO $23.25//PLATINUM DOWN $5.45 TO $1925.85//PALLADIUM IS UP 30 CENTS TO$1406.50//MUST READS: MATHEW PIEPENBERG AND PETER SCHIFF//IN CHINA HUGE NUMBER OF SHADOW BANKING DEFAULTS//UKRAINE VS RUSSIA UPDATES//GOOD COMMENTARY FROM COL MACGREGOR//TURKISH LIRA COLLAPSES ON THE NEWS OF ERDOGAN’S ELECTION VICTORY///SERBIA AND KOSOVO UNDERGO HUGE BATTLES AT THEIR BORDER//COVID UPDATES/VACCINE IMPACT/DR PAUL ALEXANDER/SLAY NEWS/EVOL NEWS/UPDATES ON THE DEBT CEILING FIASCO//STATE FARM HALTS HOME INSURANCE IN CALIFORNIA AS THEY ARE SUFFERING HUGE LOSSES WITH FIRES ETC
World renowned CV19 critical care and pulmonary expert Dr. Pierre Kory is now running a full-time CV19 vaccine injury practice. With more than 675 million CV19 bioweapon/vax injections in America alone, he has a lifetime of work ahead of him. Kory says, “We live in a country where there is a humanitarian crisis unfolding, and it’s being kept a secret. . . . Most of society is just humming along thinking vaccines are ‘safe and effective,’ and they don’t understand that these vaccines were a humanitarian catastrophe. It really affected the health and the survival of us as a country. In a two-year period, the average life expectancy of Americans went from 79 years old to 76 years old. Who has to die to produce that kind of reduction? It’s not 80-year-olds who are dying. It’s young people dying that drives such a change in our average life expectancy.”
The U.S. Government’s plan for World War Three in Europe is going to be run through NATO, but first the EU will be subordinated to NATO; and this was revealed in Washington DC on 5 April 2023, at a forum that was held by the Center for Strategic and International Studies, which, though controlled by the U.S. White House, receives its 
I suppose there is some sort of deep dramatic irony that today is Memorial day in the USA, and that I should be writing a blog about a very strange story coming out of Peru last week. Memorial day, for those outside the USSA, is the day traditionally set aside for people to honor the military and especially those who lost their lives defending the country. The irony for me is that while I have no doubt that my father, an uncle, and my two grandfathers did their time in the service in the two World Wars, and did so in good faith that they were indeed “defending freedom,” the irony now is I rather suspect they would all be looking at the state of the country today, and wondering why they did.
