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"In the not-too-far future, rule by debt-based currency will be seen as devoid of any legitimacy, just as today we see as devoid of legitimacy the concepts of rule by divine right and rule by chattel ownership of ones body." -- Michael Rivero
U.S. Border Patrol Chief Raul Ortiz has testified that his agency does not have “operational control” over the nation’s borders after months of a record surge in migration.
The sudden collapse of Silicon Valley Bank was supposed to have been fixed by Sunday afternoon when federal regulators said they would make depositors whole starting Monday.
But early this week, some companies were still left hurrying to make sure they could make this week’s payroll. In biotech—a sector where many startups relied on SVB—some were still finalizing the opening of new checking accounts to pay their employees from; and many of those who tried to move their funds out of their SVB accounts were unable to do so because the bank’s website kept crashing.
Two elderly Florida residents have been arrested by Florida Department of Law Enforcement agents on voter fraud charges.
The agents arrested Ocala resident Donna Prentes Brady on March 13th, and booked her in the Marion County Jail, based on evidence that she voted in both the 2020 New Jersey state primaries and general elections-n person in Marion County and by mail in Sussex County, New Jersey.
Both counts are third-degree felonies.
Over the weekend, the Trump Administration made a strong move to re-establish law and order in the face of violent, far leftist “protests.” The flash point is Portland, aka Antifa central.
Over the past 50 days, Antifa has established ground superiority over Portland. The Trump Administration, no longer willing to tolerate the constant violence and destruction, against the wishes of local authorities, sent the specially trained law enforcement BORTAC- Border Patrol Tactical Unit- to defend areas within Federal jurisdiction.
Not surprisingly, the Democratic Party chose the side of Antifa, claiming what was occurring in Portland were peaceful protests that were winding down, only now to be stoked back up by the President’s actions.
Though laughably brazen, the Democrats’ bizarre claims could not have come as a shock to Americans who had been following as events unfolded. With media allies, the Democrats were asking Americans to trust their voices and those of the media, and not believe their own “lying” eyes.
Did we really not see with our own eyes this hammer attack on a Federal officer?
On Monday, Fox News host Tucker Carlson released his results from a lengthy questionnaire that he sent to each declared and potential Republican candidate both on his show and on his official Twitter account. The Twitter thread garnered millions of views by giving unprecedented insight into how the 2024 GOP field would handle the war in Ukraine and American support of it.
That thread, however, has seemingly disappeared as of Wednesday morning. The disparity was first noticed by Governor Ron DeSantis (R-FL) Deputy Press Secretary Jeremy Redfern who wrote, “Hey, [Elon Musk]… Why is [Tucker Carlson]’s main account banned from the search results, and why are the answers to his questions about Ukraine being censored?”
Over 9 million AT&T customers have been notified of a data breach exposing their data shared with the company. Those that use its services have likely received an alert detailing the attack. We recommend checking your inbox to see if you’ve gotten the message.
Here’s what you need to know if you’ve been affected.
Is your personal information in jeopardy?
According to AT&T’s data breach notification, the problem began when a third-party marketing vendor was attacked by hackers earlier this year. Fortunately, much of the data procured through the breach appears only to include customers’ business with AT&T.
Data in the breach includes first names, wireless account numbers, phone numbers and email addresses.
The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year bonds. Bank depositors meanwhile were still being paid only 0.2 percent on their deposits. That has led to a steady withdrawal of funds from banks – and a corresponding decline in commercial bank balances with the Federal Reserve.
Most media reports reflect a prayer that the bank runs will be localized, as if there is no context or environmental cause. There is general embarrassment to explain how the breakup of banks that is now gaining momentum is the result of the way that the Obama Administration bailed out the banks in 2009. Fifteen years of Quantitative Easing has re-inflated prices for packaged bank mortgages – and with them, housing prices, stock and bond prices.
The Fed’s $9 trillion of QE (not counted as part of the budget deficit) fueled an asset-price inflation that made trillions of dollars for holders of financial assets, with a generous spillover effect for the remaining members of the top Ten Percent. The cost of home ownership soared by capitalizing mortgages at falling interest rates into more highly debt-leveraged property. The U.S. economy experienced the largest bond-market boom in history as interest rates fell below 1 percent. The economy polarized between the creditor positive-net-worth class and the rest of the economy – whose analogy to environmental pollution and global warming was debt pollution.
“We’ve got strong financial institutions…Our markets are the envy of the world. They’re resilient, they’re…innovative, they’re flexible. I think we move very quickly to address situations in this country, and, as I said, our financial institutions are strong.” – Henry Paulson – 3/16/08
“I have full confidence in banking regulators to take appropriate actions in response and noted that the banking system remains resilient and regulators have effective tools to address this type of event. Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again.” – Janet Yellen – 3/12/23
With the recent implosion of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008, I had an overwhelming feeling of deja vu. I wrote the article Is the U.S. Banking System Safe on August 3, 2008 for the Seeking Alpha website, one month before the collapse of the global financial system. It was this article, among others, that caught the attention of documentary filmmaker Steve Bannon and convinced him he needed my perspective on the financial crisis for his film Generation Zero. Of course he was pretty unknown in 2009 (not so much anymore) , and I continue to be unknown in 2023.
The quotes above by the lying deceitful Wall Street controlled Treasury Secretaries are exactly 15 years apart, but are exactly the same. Their sole job is to keep the confidence game going and to protect their real constituents – the Wall Street bankers. And just as they did fifteen years ago, the powers that be once again used taxpayer funds to bailout reckless bankers. Two hours before the only solution the Feds know – print money and shovel it to the bankers – Michael Burry explained exactly what was about to happen.
The markets for the world’s safest and most liquid assets, the government bonds issued by the U.S. and other rich countries, are coming under immense stress on Wednesday following a week of worries about the health of global banks.
Liquidity, the capacity to trade quickly at quoted prices, has fallen sharply in two of the keystone markets, those for U.S. Treasurys and German bunds, traders said. Difficulties in trading are now spreading to many other markets, including those for derivatives that firms and traders use to lock in prices and hedge risks weeks and months ahead of time, such as options, futures and swaps.
Signature Bank chairman Scott Shay co-hosted a “Know Your Pronouns” company seminar last October, where employees were lectured on how to properly use pronouns such as “Ze” and “Hir.”
Video of the seminar, uploaded to Signature Bank’s YouTube page in December, made the rounds on social media over the weekend after regulators took control of the bank on Sunday.
Shay delivered the seminar alongside Finn Brigham, a Manhattan-based corporate consulate on gender issues who was described as a “genderqueer trans masculine person” during the symposium, according to the New York Post.
As the failure of Silicon Valley Bank continues to send ripples through the financial sector, many are taking a deeper look into the people that were running the bank, as well as their policies.
It is difficult to determine the exact implications that SVB’s left-leaning policies and political affiliations have had on its failure, as there are likely a variety of factors that contributed to the bank’s financial troubles. However, some have criticized SVB for prioritizing political alignment over financial stability, and for potentially lending money to companies based on their political ideologies rather than their business prospects.
According to OpenSecrets.com, a nonpartisan, independent, and nonprofit research group that specializes in tracking the influence of money in American politics, seven of the top eight donors were members of the Democrat Party, including none other than Chuck Schumer.
Democratic California Gov. Gavin Newsom cheered on the Biden administration as they announced a massive bailout for the seized Silicon Valley Bank (SVB), while failing to mention that he and three of his private companies are customers there.
"The Biden Administration has acted swiftly and decisively to protect the American economy and strengthen public confidence in our banking system," Newsom said in a Sunday statement after the White House announced that day that SVB "depositors will have access to all of their money starting Monday, March 13."
Netanyahu is said to have instructed several government ministers they were not allowed to take meetings in the White House until he had received a formal invitation there himself, amid a months-long snub by President Joe Biden.
Netanyahu issued the directive after receiving requests from ministers who were planning to travel to Washington, DC, Israel’s Channel 12 News reported on Tuesday.
According to the report, government members who were already on a visit to D.C. have been barred from meeting with Biden administration officials, with the exception of Minister of Strategic Affairs Ron Dermer, who still maintains strong ties with the U.S. from his former role as Israel’s ambassador to the U.S.
Right-wing Finance Minister Bezalel Smotrich was rebuffed by U.S. officials on a recent trip over remarks calling to “wipe out” the Palestinian village of Huwara, the site of a terror attack in which two Israeli brothers were killed.
Joe Biden has a long record of supporting gun control measures, including restrictions on assault weapons. On Tuesday, he again called for the banning of assault weapons.
Biden said, “I’m determined, once again, to ban assault weapons in high-capacity magazines. I led that fight to ban them in 1994. The ten years that law was in place, mass shootings went down.”
The Biden gun law of 1994 he’s referring to was controversial at the time, with advocates of gun rights arguing that it infringed on the Second Amendment rights of law-abiding citizens.