Saturday, April 1, 2023

The Great Food Reset has begun

by Thomas Fazi, Unherd:

France is in flames. Israel is erupting. America is facing a second January 6. In the Netherlands, however, the political establishment is reeling from an entirely different type of protest — one that, perhaps more than any other raging today, threatens to destabilise the global order. The victory of the Farmer-Citizen Movement (BBB) in the recent provincial elections represents an extraordinary result for an anti-establishment party that was formed just over three years ago. But then again, these are not ordinary times.

Banking crisis: The new bailout strategy

by Claudio Grass, Claudio Grass:

Part II of II

To be fair, it is true, this time is different. Indeed, this time the rescue plan for the bust banks is not comparable to what we saw in 2008. In the US, the guarantee for deposits up to $250.000 comes from funds that are maintained by participating banks and not from the taxpayer. The official answer to how they’re going to pay everyone back is also plausible and possible: Some, or even most, of the money can and will be recovered from winding down the failed bank’s operations and selling assets. And if all that is still not enough, then the Fed can basically just print some money to cover the difference. Obviously, that could be construed as ultimately costly to the taxpayer, due to the inflationary impact it would have. However, realistically, that impact would likely be negligible compared to what the more regular printing operations have unleashed or to what the “emergency” measures (“covid relief” monetary and fiscal policies) of the last three years have given rise to.

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary.

China’s Gold Gambit: Outfoxing America on the World Stage?

by Jon Forrest Little, Activist Post:

Unless you live under a rock (and some days I wish I did), all eyes are on which bank will fail next.

We knew this was coming. Decades of Zero Interest Rate Policy, QE, and risky fractional-reserve practices have consequences.

Superpowers like Russia and China are eyeing America’s financial vulnerabilities while the Fed, Congress, Treasury, and Wall Street play musical chairs and trip over each other like Keystone Kops.

Recently the U.S. and NATO have discussed sanctioning China if it supplies arms to Russia. This would backfire.

Banking crisis: The new bailout strategy

by Claudio Grass, Claudio Grass:

Part I of II

The recent turmoil that has roiled the global banking sector has placed central bankers in an impossible position: Cut rates and avert a domino-style disaster in the industry and a possible deep and prolonged recession in the wider economy or stay the hiking course to combat the still untamed inflationary pressures? Arguably the great losers in both cases will be the taxpayers and the average working household.

LESSONS FOR TODAY FROM ARGENTINA’S 2002 BANKING AND CURRENCY CRISIS

from DavidJensen:

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

Argentina’s Inflation Rate Reached 100% in February

by Jose Nino, Big League Politics:

In February, Argentina’s annual inflation rate topped 100%, per figures from the country’s statistics agency that were released on March 14, 2023. According to a Reuters report, this is the first since Argentina’s hyperinflationary episode in 1991.

Inflation recorded over a 12-month period was around 102.5%, with an alarming 6.6% monthly increase in the Consumer Price Index (CPI), and a 13.1% year-to-date increase.

Guess Who Is Now Warning That “Commercial Real Estate Is In Trouble”?

by Michael Snyder, The Economic Collapse Blog:

What will our financial system look like once the 20 trillion dollar commercial real estate industry implodes?  You might want to start thinking about that, because the truth is that the industry is in a tremendous amount of trouble.   Occupancy rates are extremely low and getting lower, rising interest rates have created all sorts of havoc, and now many of the small and mid-size banks that the industry depends upon for financing are in serious jeopardy.  In essence, the commercial real estate industry is facing a “perfect storm” of nightmares, and this crisis is only going to escalate in the months ahead.

CFTC NOW SUES CRYPTO FINANCE GIANT BINANCE

by Harvey Organ, Harvey Organ Blog:

ANOTHER RAID: GOLD CLOSED DOWN $28.50 TO $1952.80/SILVER IS DOWN 15 CENTS TO $22,99//PLATINUM IS DOWN 8.20 DOLLARS TO $974.10/PALLADIUM IS DOWN $13.80 TO $1415.90/COVID UPDATES/DR PAUL ALEXANDER//SLAY NEWS/VACCINE IMPACT//UKRAINE VS RUSSIA/NATO//PUTIN TO PUT NUKES INTO BELARUS UPDATES//CFTC NOW SUES CRYPTO FINANCE GIANT BINANCE//GERMAN TRANSPORT SECTOR IN TURMOIL WITH THE NATION WIDE STRIKE//ISRAEL PAUSES JUDICIAL REFORM

U.S. Banks are sitting on $1.7 trillion in unrealized losses, research says

from Worthy News:

After the rapid collapse of Silicon Valley Bank and Signature Bank earlier this month, along with Credit Suisse’s untimely demise last week, regulators and business leaders have made it a point to publicly assure consumers that banks are safe. The potential for “contagion” throughout the financial system is now slim after the Federal Deposit Insurance Corp. (FDIC), Federal Reserve, and Treasury came together to backstop all depositors, both uninsured and insured, at SVB and Signature, they say.

Where Do You Go in a Hurricane?

by Doug Casey, International Man:

As a West Indian, I’ve lived through quite a few hurricanes in my time. My level of responsibility in each varied quite a bit. I was eight years old in my first hurricane and I thought it was great fun, as it was so exciting during the hurricane and, afterward, the landscape had changed so much that I had lots of new places to play.

On the other end of the scale, in 2004, my country, the Cayman Islands, experienced a Category 5 hurricane, with winds up to 200 miles per hour that sat on us without moving for 36 hours.