Last week we witnessed the fall of two banks in America, Silicon Valley Bank and Signature Bank. And this week the Crisis of Confidence in Banking System, aka the Contagion spread to Switzerland.
The fact that what happened in America is related to what happened the next week in the Banking capital of Switzerland, is not a sign of the restoration of Confidence and Calm, but rather a sign of Contagion and Chaos. This podcast is from Mike Adams and his commentary on the dire Banking situation.
This timeline shows you how fast this Contagion is spreading. As of writing on Sunday night, we are again expecting a volatile market reaction on Monday. From October of 2022 to March 2023, is how quickly Credit Suisse went from investment grade to junk status. It had to be rescued or the entire Swiss Banking system would be at risk. That risk still has not gone away and this story is far from over.
Last week some stability was brought to the American Banks by the Federal Reserve Backstop, but that just transferred the risk elsewhere and the new victim this week was Credit Suisse, the second biggest Bank in Switzerland. An excellent summary of the rise and fall of Credit Suisse in this tweet below.
A crisis expanding in scope and size. And now Banks across the G7 nations are scrambling to contain the damage from toxic Credit Suisse. If you are living in one of these nations, then consider this message as a clear and present danger to your banking health; you were warned.
To recap, this week Credit Suisse as a Bank went under, was Bailed out by UBS Bank which is also broke and needed help to secure the deal, and which was in turn then Bailed out by a Swiss National Bank that is also broke. That is the shell game now exposed known as Banking. The con game is almost up and the ending will be ugly.
More inflation for the Swiss and more inflation for the Americans as the world tethers on the edge of disaster in the Banking sector. Why would anyone keep their funds in the Banks in Switzerland, which was supposed to the top tier capital safe haven? Answer, everyone in their right minds will be thinking twice about where to transfer their wealth before it is seized as part of another restructuring Bail out regime.
In this newest Bail out and Backstop, some Bond Holders were completely wiped out, as in their Bonds are now completely worthless, over the weekend, when the Banks are supposed to be Closed for regular Business. That is how fast you can lose it all.
Even QE Unlimited may not be enough to restore Confidence in a Con Game that people have slowly but surely now realized is a rigged Con Game called Fractional Reserve Banking. No amount of QE and money printing money can fix that basic problem. It will only make the next crash that much bigger and worse for all.
Where is this Banking Crisis headed ultimately? Answer, the film Rollover from 1981 provides one scenario of how it all ends.
One of the largest customers of Borough National is Winterchem, but because of federal lending limits, the bank "can't loan them a dime" but conceivably could be involved in brokering a deal between Winterchem and some other lender capable of loaning the approximately $500 million needed to buy the plant, and the bank would receive a 1% finder's fee for making the arrangement.
Later there are tense moments when Borough National are waiting for Arab oil money deposits to be renewed in a "roll over". The bank would be unable to refund the deposits, but at the last minute the roll over occurs, except for some money diverted to account 21214.
Smith becomes involved, both financially and romantically, with Winters in her attempts to finance the purchase of the petrochemical plant and in the discovery of the mystery of account 21214. They finally do so by brokering a deal with some Arab investors who take control of her stock as security for the transaction.
Smith later discovers that account 21214 is actually a slush fund where Emery is moving money belonging to the Arabs into gold as a safe haven against potential losses if the dollar collapses.
The Arabs are extremely worried that if anyone finds out, their assets will vanish in a public panic as American currency becomes worthless.
Notice the similarities between then and now? It was the same Saudis that Bailed out Credit Suisse in October 2022 and it was their refusal to add more to their existing investment that initiated this Banking collapse that same week of March 15, 2022, based on these comments from the Saudi National Bank Minister.
What else are the Saudis saying? Answer, we do not need the USD Dollar to trade anymore. Enter an even bigger crisis, that of the end of USD Dollar Hegemony, aka the Petro Dollar System that has existed since the 1970s. Buckle up for the ride.
Banking left to the Goldsmith Banksters is the Basic Problem at hand, which is yet to be fixed since the creation of that creature on Jekyll Island in 1913.
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world.
No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”
(President Woodrow Wilson, a few years before his death in reference to the Federal Reserve act of 1913, which he signed into law. The American Mercury, p. 56. 1919.)
Endure till the End and take Care of Yourself. Remember on planes they always tell you put the mask on first, before helping others. Therefore, Take Care of Yourself First and then do what is in your control, and then leave the rest to the universe to solve.
We are 100 Percent Independent and Supported by Readers and Viewers like YOU! Digital Hugs appreciated and Subscribers are even more deeply appreciated.
Until we meet again.
For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
Ephesians 6:12
- Corona Times News
FAIR USE NOTICE
The views expressed by guests, subjects and speakers are their own and their appearance on this website does not imply if any way an endorsement of them or any entity they represent. Views and opinions expressed by the speakers do not necessarily reflect the views of Corona Times News.
DISCLAIMER
The content provided on The Corona Times News is for general information and entertainment purposes only. No information, materials, services, and other content provided in this post constitutes solicitation, recommendation, endorsement or any financial, investment, medical, health, educational, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decisions. Always perform your own due diligence. And don't forget to have a wonderful day.
Share this post