South Korea's Stock Market Crash

 

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TRUMP'S GREATEST BATTLE: National Debt

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$300 BILLION WARNING: Saudi Arabia Warns G7 Against Stealing $300B in Russian Assets

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"Phase two has just begun" The Banks are COLLAPSING | Redacted w Clayton...

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Oh No! Banks REMOVING CASH and moving to ALL digital future | Redacted

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The Truth About Glass-Steagall

 

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The Federal Reserve Has $910 Billion in Losses

 

July 31, 2023 The Federal Reserve-- the most critically important central bank in the world-- is completely, hopelessly insolvent. This isn’t some wild conspiracy theory or overly dramatic interpretation of the facts; we’re extremely data-focused in this organization and base our conclusions on indisputable, open-source figures. And the facts in this case are crystal clear: the Fed’s own financial statements show that their unrealized losses amount to over $910 billion. Given that the Fed only has $42 billion in capital, this means that America’s central bank has a net financial position of MINUS $868 billion on a mark-to-market basis. To understand why, we need a quick review of how bonds work. Most people understand pretty intuitively how investing in stocks works. Share prices fluctuate up and down every day. Bonds are the same way. They also have prices which fluctuate day-to-day, month-to-month, and year-to-year, just like stocks. And one of the biggest influences on bond prices is interest rates. In fact, the cardinal rule in the bond market is that when interest rates go up, bond prices fall. And this makes sense when you think about it. If you own a bond that pays 1%... but suddenly interest rates rise to 10%... then the market value of your 1% bond is going to fall. After all, why would anyone buy a bond paying 1% if they can buy a brand new bond paying 10%? Well, at the start of the pandemic, the Federal Reserve slashed interest rates to zero. And as a result, yields on US treasuries were so low they even went negative for a short time. Banks, large corporations, and even the Fed itself bought trillions of dollars worth of bonds at these record low interest rates. But over the past 16 months, interest rates have risen dramatically. And this means that everybody who bought bonds at record low interest rates during the pandemic is now sitting on deep unrealized losses. And that includes the Federal Reserve. This is exactly what happened to Silicon Valley Bank several months ago. Silicon Valley Bank had acquired more than $100 billion worth of bonds— much of that during the pandemic at record low rates. But when interest rates increased, SVB’s bond portfolio plummeted in value; they racked up huge losses and eventually went bust. When I wrote about this several months ago, I said clearly that if SVB is insolvent, so is everyone else, including the Fed. Now we know the truth: taking into consideration its unrealized losses, the Fed is insolvent by $868 billion. And if they keep raising rates as they did last week, the insolvency will continue to grow. The natural question to ask is, if the Fed is insolvent, why hasn't the financial system crashed? Simple: the financial system is based on perception and confidence rather than reality. And Silicon Valley Bank is instructive here yet again. SVB went bust in March 2023. But it was insolvent as far back as late 2022. SVB was sending financial data to the FDIC and Federal Reserve back in December showing huge unrealized losses. But nobody cared. SVB then publicly released its annual financial report to the market in January 2023; this report once again showed massive unrealized bond losses. And yet, in response, investors gobbled up SVB shares, and the stock price shot through the roof. No one cared about the insolvency. It remained this way for months. Then, suddenly, the bank collapsed virtually overnight. It was so obvious in retrospect... and yet all the ‘experts’, including Wall Street analysts and government regulators, totally missed the warning signs. This reminds me of the cartoons I watched when I was a kid, when Wile E. Coyote ran off a cliff, and only realized when he was halfway across the canyon that he no longer had any ground underneath him. SVB was insolvent in 2022. But like Wile E. Coyote, no one realized it until it was too late. It’s the same thing with the Federal Reserve. They publish financial statements showing extreme unrealized losses... which grow worse with every interest rate hike. It’s so obvious. I’ve been predicting for years that Fed would eventually engineer its own insolvency. Well now they’ve done it. Wile E. Coyote has already run off the cliff. This doesn’t mean that Mr. Coyote will plummet to the canyon floor today, tomorrow, or even next year. But it is very difficult to argue (though some “experts” will surely try) that the mark-to-market insolvency of the largest, most important central bank in the world is somehow a good thing. An insolvent central bank does not make America stronger. It does not make the US economy stronger. It does not make the dollar stronger. This is one obvious reason to consider diversifying out of the dollar, and into an asset that isn’t controlled by central banks. And gold is one obvious candidate to consider. To your freedom,

Simon Black, Founder Sovereign Man

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World Summit Says New Digital Financial System in the Works

 

By LeoHohmann.com 

World Blockchain Summit says new financial world order about to shift in dramatic new direction

Dr. Pippa Malmgrem, a top American economist who served as a special adviser to former President George W. Bush, made a statement that confirms everything myself and others have been reporting for quite some time – that a cashless society is looming right around the corner.

Listen to her comments in the video clip below.

Pippa Malmgren, Economist At The World Government Summit 2022 She states her belief that the world financial system is about to switch accounting systems & digital money. Not decentralized cryptos, but centralized CBDCs (central bank digital currency)Malmgren stated:

“We are on the brink of a dramatic change where we are about to, and I’ll say this boldly, we are about to abandon the traditional system of money and accounting and introduce a new one. And the new one; the new accounting is what we call blockchain… It means digital, it means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on.”

Who is Pippa Malmgren? She is a globalist and an elitist. Her father, Harald Malmgren, was a senior adviser to presidents John F. Kennedy, Richard Nixon, Lyndon Johnson and Gerald Ford. Pippa has also advised presidents and prime ministers around the world. One of her favorite topics over the last two years has been “The Upside of COVID.” Like Klaus Schwab at the World Economic Forum, she sees COVID as an “opportunity” to transform the world.

According to her website:

Dr. Malmgren brings simple sensemaking to the complexities of the world economy, geopolitics and technology. She’s advised Presidents and Prime Ministers, co-founded an award-winning tech firm, worked in finance and asset management and served as a judge in The Queen’s Enterprise Awards competition and as a regulator of technology standards.

She has lectured at Sandhurst, Duke Fuqua GEMBA, INSEAD, UT Austin and Tsinghua University in Beijing.

Read her full bio.

This new money system Malmgren talks about with such enthusiasm will not only be digital, it will be centralized and it will be programmable. Do not confuse it with Bitcoin or other crypto currencies. The only thing it will share in common with other crypto is that it will be based on blockchain technology.

So what do I mean by “programmable” money?

This means the central banks will have complete control over your money and will be able to program it so that it can only be spent on certain things or in certain places. For example, have you purchased too many guns or too much ammunition over the past month? Maybe you indulged in too much frivolous travel and blew through too much gasoline? The government could easily have your money reprogrammed to limit future purchases of such taboo items. The possibilities are endless.

What’s the bottom line? Once we get digital programmable money, where and how you will be “allowed” to spend your money will depend on your social credit score.

This money will be linked to everyone’s personal digital identity. The digital ID marks the other pillar of the new digital economy that they haven’t really told you about yet. But if you read their documents at the World Economic Forum, you know it’s coming.

As I’ve stated before, the entire Great Reset hinges on two things – the establishment of a global digital currency and a global digital identity for every man, woman and child.

Pippa Malmgren is warning us. That system is at the door. And once it’s here, it marks the beginning of the end because nobody will be allowed to buy or sell without becoming a digitized, hybrid human being. I believe it will be possible for us to live outside this system for a while, but we need a plan, a network. We will need to live in community with like-minded refusniks.

The vast majority of people will walk blindly into this digital trap being set by the power elites, only to regret it later. They will lose all autonomy over their bodies, having to submit to endless booster shots, as well as over their minds. Independent critical thinkers will be banned from the system. Traditionally minded Christians and Jews will be banned. Why? Because free thought is not allowed. They talk about diversity and inclusion but that is a euphemism for a society based on total information domination, where you must not only follow but celebrate whatever lie of the day is being promoted in the mainstream corporate media and on social media.

Have you “done your part” to defeat the latest virus by getting vaccinated?

Do you “stand with Ukraine”?

Do you believe that it’s impossible to define what makes a woman a woman?

Do you believe that Biden was legitimately elected and that elections are still “free and fair” in your country?

These are just a few of the items on the litmus test of the New World Order.

Get ready to resist and prepare yourself to live outside the system. One day you may even be faced with martyrdom for your faith.

They’ve told us what they are going to do. Are you listening?

• They’ve told us that severe food shortages are coming.

• They’ve told us that they are working on a new digital currency (see Biden’s March 9 executive order).

• They’ve told us a major cyber attack is coming that will target our banking and financial system (providing the pretext for the new digital money system).

What more do we need to know?

LeoHohmann.com

Watch on Twitter

5:59 PM · Mar 30, 2022

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The West Commits Economic Suicide

 

https://www.brighteon.com/9c7af8d5-777e-4a5f-9301-45dfef44a166

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The World's Hidden Truth

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UN Warns of Famines of Biblical Proportions

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NWO Is Here! Bill Gates Patents Mark of the Beast System with Patent #666

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They'll wreck the currency if they have to!

April 21, 2020 Bahia Beach, Puerto Rico Nearly seven centuries ago in the mid-1300s, the first major outbreak of the Bubonic Plague forced Europeans into some of the harshest social distancing measures in history. As Boccacio wrote in The Decameron in 1353, the hysteria was so extreme that “brother abandoned brother. . . fathers and mothers refused to see and tend their children, as if they had not been theirs.” When people sensed the worst was over, they slowly came out of their homes. There was no grand re-opening of the economy like some department store suddenly under new management. People remained highly mistrustful of one another, continuing to avoid even the most basic interactions with friends, family, and professional colleagues. Commerce was slow and the economy remained depressed for years. And just when it seemed that the situation was finally starting to improve, the plague struck again in 1360. And again in 1374. Medieval Europeans quickly realized that if there was just a single rat left on the planet carrying the disease, then another wave of the pandemic could begin anew. And that made it next to impossible for anything to return to normal. Only a handful of industries flourished after the plague. People still needed to eat, so agriculture did well. And as more people remained in relative isolation, science began to advance at a pace never seen in western Europe. But most industries suffered immeasurably. Commercial trade dwindled. Italy’s woolen textile industry practically ceased to exist. Many prominent banks in Europe collapsed. And there were even government debt defaults. Today our circumstances are obviously different. The world has some of its brightest minds working to eradicate this pandemic, and they have a pretty great track record. And while there are certainly a lot of challenges to deal with, we’re still able to produce certain goods and services, ship them across the globe, and order online for home delivery. But there are some similarities that are difficult to ignore. Right now most people are barricaded in their homes while policymakers wait for this virus to die off. But that’s not how biology works. Just like in the 1300s, if there’s even a single carrier of the coronavirus remaining, then the whole thing starts over. That person transmits the virus to 2-3 people, those people transmit the virus to 2-3 other people, and the exponential growth curve begins again. Lockdowns don’t kill off the virus. They just reset the clock. I’ve been writing about this for a while: what happens if there’s a second wave of outbreaks? Do we all go on lockdown for another two months and send the economy into another tailspin? Even when they do lift the lockdowns, countless industries will be hideously disfigured; do we really expect crowded bars, airplanes, sports stadiums, and shopping malls to return to normal? Even something as basic as office space could take an enormous hit. I wrote last week that big businesses could be downsizing-- permanently reducing their work forces and cutting back on office space. Even Disney acknowledged that they will reduce office space. It’s hard to imagine that trend won’t have a major impact on the entire commercial real estate industry, from agents to construction companies to property owners, to the banks who own the mortgages. Retail stores have been totally vanquished, and the bankruptcies are piling up; this could impact millions of workers in the retail sector and trigger a wave of defaults against the banks who loaned money to retail giants. And you probably saw yesterday that the price of WTI crude oil crashed BELOW $0. We’ll talk about that more in another letter... but it’s fair to say that low oil prices will force a lot of oil companies out of business. And that will impact workers in the sector who stand to become unemployed… and, yes, the banks who loaned money to oil companies. [According to a recent report from investment firm KBW, some banks, like Oklahoma-based BOK Financial, have more than 100% of bank equity tied up in loans to oil companies!] I’ve been writing about this theme since the pandemic started: there will be some banks that don’t make it. They simply won’t be able to withstand the loan losses. And it’s not just the energy sector. Banks with loans to retail companies could take a hit. Banks with commercial real estate loans could take a hit. And banks’ consumer loan portfolios will undoubtedly take a hit as millions of newly unemployed people stop paying their bills. There will likely even be sovereign debt defaults, and banks will take a huge hit from those. There’s more than $250 TRILLION worth of debt worldwide, much of it owned by banks. If even 1% of that debt goes to zero, a number of banks won’t survive. And if you think that bank failures aren’t possible, please remember that oil prices hit MINUS $40 yesterday. Nobody thought that was possible. And yet it happened. EVERY scenario is possible. And this leads me to a very central idea: I don’t know if the stock market is going to rise or fall. I don’t know what’s going to happen to oil prices. But I have a strong suspicion that the government and central bank are going to keep working together, printing incomprehensible sums of money to bail everyone out-- especially banks. This ‘whatever it takes’ monetary policy could come at an extremely steep price. The last thing politicians care about right now is the value of the currency. And history tells us that inflation is almost always the preferred tool of a government in crisis. If they have to conjure $10 trillion out of thin air to bail out the economy, they’ll do it… even if it wrecks the currency. This is an enormous implication worth preparing for today. To your freedom,

Simon Black, Founder, SovereignMan.com

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