Tuesday, April 23, 2024

Deposits at JPMorgan Chase, Bank of America and Wells Fargo Shrank by $465 Billion Y-O-Y; More than Twice the Total of 4,000 Small Banks

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

Since the banking crisis began making headlines at expensive media real estate, the narrative has been that deposits are fleeing the small commercial banks and flooding into the biggest banks that are perceived as too-big-to-fail and thus offer a safer venue for deposits.

Because these mega banks are the same ones that the Fed has been bailing out since the financial crisis of 2008, that narrative requires believing that our fellow Americans are dumber than a stump.

Africa’s First Test Run for a CBDC has Failed

by Martin Armstrong, Armstrong Economics:

The transition to CBDC in Nigeria did not go as planned. The elites always seek out African nations to use as their test subjects. Nigeria attempted to slowly roll out the program dubbed eNaria built on the Hyperleger Fabric blockchain. The Central Bank of Nigeria (CBN) is solely responsible for running the nodes of this digital currency. Beginning stress tests stated this currency could execute 2,000 transactions per section.  In October 2021, the government began offering incentives to citizens who chose to CBN.

VINCE LANCI: THE SILVER PIGGY BANK IS ALMOST EMPTY

from Arcadia Economics:

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

ALL THE NEWS THEY SEE FIT TO OMIT — MATT & SGT

from SGT Report:

SGT Report producer Matt is back to share all of the REAL news the mainstream mockingbird media sees fit to omit. Thanks for tuning in!

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CENTRAL BANKS ARE BUYING PHYSICAL GOLD FOR THEIR OFFICIAL RESERVES

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN $4.15 TO $1977.95/SILVER CLOSED DOWN 26 CENTS TO $23.51//PLATINUM CLOSED UP $24.95 TO $923.90 WHILE PALLADIUM CLOSED UP $32.25 TO $1087.75//CENTRAL BANKS ARE BUYING PHYSICAL GOLD FOR THEIR OFFICIAL RESERVES AND//IMPORTANT GOLD COMMENTARY TODAY FROM MATHEW PIEPENBERG//MELEI WINS THE ARGENTIAN ELECTION AND HE IS RIGHT WING, A LIBERTARIAN, FREE MARKET AND A STRONG SUPPORTER OF STORING PHYSICAL GOLD AS AN OFFICIAL ASSET. HE IS A STRONG SUPPORTER OF ISRAEL//INDIA PURCHASES A MASSIVE 125 TONNES OF GOLD IN OCT.//WILL BE DIFFICULT FOR THE FED TO PURCHASE IS 67 TONNES OF GOLD SHORTFALL//UPDATES ON ISRAEL-GAZAN WARN: FINALLY SHIFA HOSPITAL REVEALS MASSIVE WEAPONRY AND OTHER STUFF REVEALING ITS MILITARY COMMAND CENTRE//ISRAEL SURROUNDS INDONESIAN HOSPITAL AS WELL AS POUNDING THE SOUTH PART OF GAZA//COVID UPDATES//VACCINE INJURIES//DR PAUL ALEXANDER, SLAY NEWS/EVOL NEWS/NEWS ADDICTS//USA LEADING INDICATORS DROP FOR 19TH STRAIGHT MONTH

Texas GOP Moves to Support Gold

by Peter Schiff, Schiff Gold:

This March, Republican primary voters in Texas won’t just be choosing which candidates to represent their party in November – they will also be voting on a series of ballot propositions that while not legally binding offer a way for voters to guide their leaders.

Here’s why what is happening in Texas matters and what it says about the future of gold.

Among the ballot propositions is one for the Texas government to have the Texas State Comptroller’s office start a program to “administer access to gold and silver through the Texas Bullion Depository for use as legal tender.” Texas already has a state-run depository for precious metals that began operations in 2018.

Gold & Silver Fight Tyranny – Catherine Austin Fitts

by Greg Hunter, USA Watchdog:

Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), says, “The federal government is being run as a criminal enterprise. . . .not just a little criminal, but a lot criminal.”  CAF thinks now is the time for state governments to act to protect their citizens from the dangers of a falling dollar and increasing central control over “We the People.”  CAF explains, “One of the things we are talking with the states about is Sovereign State Banks, so they can protect their transactions in dollars.  We are also talking about State Bullion Depositories.  This is so states can protect their rainy-day reserve and, ultimately, their transaction ability with gold and silver.  Under the Constitution, the states have those powers.  This is very important if we are going to have sovereignty as individuals and not wake up one day and find ourselves in the same spot as the Canadian truckers who had their bank accounts shut down for protesting the CV19 lockdowns and mandates.  More and more, we are seeing people say the ‘wrong things,’ and suddenly they find their bank account is shut down.  So, if we are going to have individual sovereignty, we need governments that can provide sovereignty. . . . . The states have the power to implement financial transaction arraignments to protect our financial transaction freedom.  Without our financial transaction freedom, we are literally going to lose all of our freedoms.”

FEAR & LOATHING IN THE LAND OF DIMINISHING DOLLARS

from SGT Report:

Bob Kudla returns to SGT Report with an economic update that’s not for the faint of heart. Happy Thanksgiving.

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Weimar America

by Victor Davis Hanson, American Greatness:

We may be headed for a 1930s nightmare

Something eerie, something creepy, is happening in the world—and now in America as well. The dark mood is brought on by elite universities, the Diversity, Equity, and Inclusion industry, and massive immigration from illiberal nations and anti-Enlightenment societies.

At Hillcrest High School in Queens, New York, hundreds of students rioted on news that a single teacher in her private social media account had expressed support for Israel. Waving Palestinian flags, and screaming violent threats, the student mob rioted, destroyed school property, sought the teacher out and tried to crash into her classroom—before she was saved from violence by other teachers and an eventual police arrival.

THE CRASH WILL BE SPECTACULAR

by Jim Quinn, The Burning Platform:

“Interest on the federal debt is now so immense that it’s consuming 40% of all personal income taxes… If federal finances continue on their current path, we are only a few years from the entirety of income taxes being needed to finance the debt…”

The government collects $2.6 trillion of individual taxes at the point of a gun and threat of prison. Meanwhile they still operate at an annual deficit of $2 trillion. And this is before interest on the national debt starts to really skyrocket. Our Troll Secretary of the Treasury Yellen had the opportunity to lock in trillions of our national debt for 30 years at 2% rates, but purposely kept rolling it on a short-term basis.

As CBDCs Roll-Out, Elite-Backed Digital Payment Systems Vie to Build the “Global Payment Standard”

by Stavroula Pabst, Unlimited Hangout:

As Central Bank Digital Currency (CBDC) pilots proliferate, a myriad of elite-gilded and blockchain-powered digital payment networks are vying for their technologies and payment systems to be incorporated in the developing digital currency infrastructures of tomorrow. Their end game? A digital financial grid prime for abuse.

GoldSeek Radio Nugget — Alasdair Macleod

from GoldSeek Radio:

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