Friday, March 10th, 2023 we saw the second largest bank failure in US history. The trouble started on Thursday the 9th when their stock prices fell and people began pulling their money out of SVB. By Friday morning, it had turned into total apocalypse with people being turned away from branches, police were called to the branch in New York, and by the middle of the day the FDIC stepped in, took ownership, and will reopen it under a new name on Monday morning.
The large banks/FED/Bank of International Settlements/ Rothchild Empire are an organized crime syndicate. Unfortunately, even the middle and small banks are dependent on the mafiosos. We had a chance in 2008 to let the syndicate implode but Bush and Obama submitted to the empire. Grab your loved ones and be prepared to eat a lot of canned beans.
I usually don't get my daily schadenfreude dopamine hit from a Jennifer Brown Substack piece but today was different! Thanks! Loved it, especially the links! Harry and Meghan's use of SVB was particularly juicy.
Mar 12, 2023·edited Mar 12, 2023Liked by Jennifer Brown
Yep. It’s gonna happen. How badly is anyone’s guess. Have you ever seen this white paper written in 2012? I have it saved. The systems are in place for TPTB to give us all the haircut that the EU gave Greece a decade ago. https://www.fdic.gov/about/srac/2012/gsifi.pdf
“Culpable senior management of the parent and operating businesses would be removed, and losses would be apportioned to shareholders and unsecured creditors. In all likelihood, shareholders would lose all value and unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover. “
Translation = “Shareholders” are everyone who deposited money in whatever financial institution.
But… you knew there was a but coming… What I see is that this is a power move to eliminate small banks and move people to global big banks. Where the locus of control is needed for a CBDC system. I do not understand it all but I don’t trust any of this. Perhaps greater minds can help? :)
The large banks/FED/Bank of International Settlements/ Rothchild Empire are an organized crime syndicate. Unfortunately, even the middle and small banks are dependent on the mafiosos. We had a chance in 2008 to let the syndicate implode but Bush and Obama submitted to the empire. Grab your loved ones and be prepared to eat a lot of canned beans.
I usually don't get my daily schadenfreude dopamine hit from a Jennifer Brown Substack piece but today was different! Thanks! Loved it, especially the links! Harry and Meghan's use of SVB was particularly juicy.
Anyone else recall where they were at September 14 2008?? We were a few hours away from ATMs and credit cards shutting down....and most had no idea.
"Does the term “go woke go broke” apply here? Yup." - 100% It's just a matter of time because it is A BIG FAT lie. Thanks Jennifer! Peace. :-)
When the money is fake, the rest of the economy is destined to follow.
These jokers are gonna claim bailout I'd needed because muh National Security.
Yep. It’s gonna happen. How badly is anyone’s guess. Have you ever seen this white paper written in 2012? I have it saved. The systems are in place for TPTB to give us all the haircut that the EU gave Greece a decade ago. https://www.fdic.gov/about/srac/2012/gsifi.pdf
“Culpable senior management of the parent and operating businesses would be removed, and losses would be apportioned to shareholders and unsecured creditors. In all likelihood, shareholders would lose all value and unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover. “
Translation = “Shareholders” are everyone who deposited money in whatever financial institution.
Thank Jennifer. Apart from my feeling sorry for the ordinary regular working people staff of the bank
The close to delicious irony, of the woke techies getting their fingers burnt. Is poetic justice.
So tell me? Your world changing so wonderful AI bs got this so wrong?
Hi Doc, Ok Im back re that FDIC paper. I understand it differently now. Looks like Janet Yellen has applied the terms outlined in that paper to SVB and Signature banks. This guy explains what has taken place. https://twitter.com/billackman/status/1635109889302315008?s=61&t=lH_rsKkmPmuiCGnKLi_dtA
But… you knew there was a but coming… What I see is that this is a power move to eliminate small banks and move people to global big banks. Where the locus of control is needed for a CBDC system. I do not understand it all but I don’t trust any of this. Perhaps greater minds can help? :)