As much as i want trump to win it could be interesting to see how another 4 years of biden would be. Biden administration has done incredible damage to the cia, us neocons, wef klaus schwab puppets. Biden has forced the world to wake up to the lies. More and more countries are moving away from western authoritarian world order.
The jab is now widely known to be a death shot. Alot of truths are coming out. The fed is bankrupting the offshore euro dollar system. ESG has peaked. I even think "climate change" will go away. The free dollars are gone. This is a good thing. Ofc there will be years of hardship in the west. Just buy metals and relax.
Look france is burning - people have awoken, Britton mass strikes - people have awoken, mass protest all across europe. ECB wont be able to stop the flood of capital away from the euro.
Biden has been a great president for the populist movement.
Yes, I thought it was real. I was left wondering why a few commenters were trying to cast doubts, but then there are always agents of the system doing that.
Joe Biden and Hunter Biden, Fauci NHS FBI NSA ATF Bushes and they indicate Trump over a $2 dollar strip pole whore American people assume the position bend over no KY jelly
Biden perfect fall guy the republicans going to be chasing him after office tit for tat he will be to old for jail as his crime family just like Clintons nothing going to happen
Why won’t the federal reserve do what law dictates. Silver eagle coins . Lowest in history! 900k a month . They have done 60 million. They either are hoarding or don’t have any silver . Please explain .
Your right ! They do what they want these days . Sure wish we, the people who pay them and elected them could at least make them follow the laws they made themselves and have some semblance of justice. Sure would be nice !
technically they are not part of our original founding and do not have to follow any rules like the constitution . Its not federal and there are no reserves , mass non compliance of paying taxes would do more than voting ..??? .... Paying them to kill us slowly
Miles Mathis says the US Revolution was fake and the US is really an extension of the old British EIC (East Indian Company). Probably true since the flags are near-identical. George Washington was also a 33 degree Freemason.
What are you talking about? I stated the Federal Mint , US Mint , is NOT supplying the required amount of silver eagles per LAW ! Period ! They lie grotesquely! By LAW they are REQUIRED to supply as many silver eagles as DEMANDED by the public . Period !!!!!!!
They are not doing so ! Yet they state they are making more than ever . That’s called a lie ! It’s called breaking the US constitution law ! Read it !
They are making a fixed number of 900k a month . The demand is ten times that ! Explain , this time in English please !
You stated the Federal reserve in your reply , Someone correct me if I'm wrong but that is the job of of the TREASURY , The federal reserve is the evil stepchild of the treasury that prints paper and digits on a screen for the treasury. You are correct they are not supplying the demand , one can only wonder why.
Only congress has the right to coin money 🤣😂 why can’t people understand that we have no representatives hell they care more about Israel than own people clowns 🤡
I’ll detail some facts and then give some commentary afterwards.
As you all probably know by now … Credit Suisse got bought up by UBS.
Credit Suisse was Switzerland’s second biggest bank – second only to UBS.
Credit Suisse had been in big trouble for a while. As an indicator, it lost 97% of its share price since its peak in 2007. In 2022 they recorded a loss of $7.9 Billion.
The run on the bank started back in October 2022.
Fast forward to recently, Credit Suisse was on the brink of Bankruptcy.
Credit Suisse was a Globally Systemically Important Bank. So, obviously Swiss authorities had to act.
The Swiss President said that “an uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the Internal Financial system”
And that is true. The ramifications would have been massive.
They couldn’t allow Credit Suisse to fail. Their options were limited. Allow it to go Bankrupt, Nationalize it, or organize a buy out. They went for the third option, forcing UBS to buy it. So Credit Suisse got bought out by its rival UBS. It could be described as a corporate takeover.
They bought it for $3.2 Billion. Bear in mind that Credit Suisse had a market cap valuation of $8 Billion. So, they bought it at a 60% discount. It’s reminiscent of JP Morgan buying Bears Sterns for a bargain price at the start of the 2007 / 2008 Financial Crisis.
But given the loses of 2022, the purchase perhaps doesn’t seem like such a good deal. They got some sweeteners though. $173 Billion was pledged to guard against further risks
And they got a loss guarantee for dodgy derivatives of up to $9 Billion – so essentially a nice little compensation package.
And UBS gets access to funds made available by the Swiss National Bank. There’s a liquidity facility of over $100 Billion which acts as a backstop – which is nice for them, isn’t it?
However, as Gregory Mannarino of Trader’s Choice on YouTube said, the assets for Credit Suisse are in the region of 530 Billiion. He described it as “the greatest sale of the all time”.
So, viewed in this way, it could be seen as a knock down price.
Shareholders haven’t done well. They took a hit. Neither the shareholders of Credit Suisse or UBS got a chance to vote on the takeover. It was rushed through. Such was the urgency.
But the Bondholders fared worse. They lost in the region of $17 Billion.
There are several things I want to say about all this.
To some extent I feel sorry for the Shareholders and Bondholders. We shouldn’t take any pleasure in the misfortunes of our fellow humans. But it just shows that really you have to be extremely careful about where you put your money these days. While I do feel sorry for them, I can’t help thinking that these people or institutions were very foolish.
I personally would never invest in any institution right now. The Financial system is way too precarious at present. My strategy for the foreseeable future is to have next to no money in any bank and to use any spare Fiat to buy precious metals. That’s it. As far as I’m concerned, there are no other options. This is not financial advice by the way. You are entitled to do as you please. I’m just telling you what I do.
Moving on …
At the risk of stating the obvious. If Credit Suisse didn’t get bought by UBS, it would be bankrupt by now. So essentially it went bust.
Credit Suisse was a Globally Systemically Important Bank. There were only 30 banks recognized as Globally Systemically Important Banks (G-SIBs) in the world. And now, one of them, namely Credit Suisse, is no longer in existence. 30 green bottles, sitting on a wall and if one green bottle should accidently fall, there’ll be 29 green bottles, sitting on a wall….
Whatever anyone says, it’s basically another banking sector bailout. The Swiss authorities forced UBS to buy it because they couldn’t allow it to go bust, but also because they couldn’t step in themselves. It would look bad given what happened in the Financial Crisis of 2007 / 2008 and their promises about bailouts. A Private sector solution looked better. Perceptions matter more than you might think.
Oh yes, I should also say that the week before the Swiss authorities gave a $54 Billion liquidity facility to Credit Suisse, but that obviously wasn’t enough to stave off disaster.
UBS also gets access to funds made available by the Swiss National Bank, the Central Bank of Switzerland – which is a backstop.
The Swiss Banking sector has been up until recently regarded as the safest and most stable in the world. So, if the second biggest bank in Switzerland got into trouble, then that does not bode well for Switzerland, or elsewhere. But then maybe I’m just giving voice to the catastrophic side of my personality and you can call me crazy and ignore my warnings if you want.
The FED had been funneling funds to Swiss National Bank prior to the failure of Credit Suisse – providing short-term liquidity. So essentially the FED had been bailing out the Swiss Banking system behind the scenes and probably still is.
As a side note, I wonder how many Americans knew about this and I wonder what their reaction would be if they knew.
Ordinarily such a merger / acquisition probably wouldn’t be allowed because UBS and Credit Suisse were the two biggest banks in Switzerland. That should tell you something. These are not in normal market conditions. We’re not living in extra-ordinary times and extra-ordinary are happening and will continue to happen.
A pattern is emerging. Bondholders are getting screwed. And you could say who cares, but this will weaken Bond markets globally and will cause problems further down the road. But then, it’s probably all part of the plan to blow up the Bond market. The Bond Market in Britain went haywire in October last year. It’s only a matter of time before all the Bond markets blow up.
There should be alarm bells ringing for you for all of these points.
Staying in Europe …
The German Chancellor Scholz did something similar to Biden, coming out and telling Germans not to worry about their savings.
Meanwhile Deutsche Bank is in serious trouble. Deutsche Bank is another Globally Systemically Important Bank. 29 green bottles, sitting on a wall….
Some might say what else can he say … if he said there was a severe crisis, people would panic. I would say that if your not concerned now, then you might want to start to wonder what is going on.
Signs are always there to be read. As with the Boxing Day Tsunami of 2004, people did not read the signs properly. Prior to the Tsunami hitting, the water receded greatly. This was a huge sign. But people did not understand what it meant. They just looked on and did nothing. Some of them died as a result their lack of understanding and their inaction.
The signs are there to be read in the financial sector, in the markets and in the wider economy. The way I see it, all sorts of indicators are flashing.
I see it as my duty as a human being to issue an alert in order to help others. Be warned, I think that a Financial Tsunami is coming our way.
With a real Tsunami in 2004, when the water rushed inland, some people sought safety on the higher ground.
The higher ground with regard to a Financial Tsunami is precious metals. They have been seen as a safe haven throughout the ages.
I refer you to the videos I did on precious metals, money, gold, silver, fiat currencies, hyperinflation etc.
Wise up and rise up
For anyone who’s interested, I have a channel on Bitchute called “the Alt Economist”.
Hi Gregory. I haven't received your newsletter today. I am going to sign up again. Another thing I wanted to know if you can take a look at www.bambooliving.com this is a company that wants to change construction materials to bamboo. Its privately-owned right now. Thank you for your time.
In this article I will talk about a real world example of Hyperinflation.
The Mark in the Weimar Republic of Germany circa 1923 is an often cited example of a currency which has undergone hyperinflation. So let’s look at that.
For those of you who don’t know, the Weimar Republic was the ruling body in Germany during the interwar years. It came into existence after WWI in 1918 and ended in 1933.
The origins of this sad story though start before that, prior to WWI.
Wars are costly, so in order to meet the expensive, the German authorities knew that they needed money.
War Bonds were issued. Investors lent money to the German State by buying the Bonds. But the funds raised were insufficient to meet the requirements.
The German authorities were faced with three options.
Sell some of the nation’s gold holdings, raise taxes, or borrow. They chose the third option. They didn’t finance the war by means of raising taxes as had happened in France and Britain. But at least they were smart enough not to sell their gold.
The German authorities believed that they could finance the war by borrowing because they thought that it would only be a short war and that it would be a war that they would win.
The problem was they couldn’t borrow the sums they wanted with the Gold Standard in place.
The Gold Standard acts as a restraining mechanism, serving as a curb against government spending. If, however the Gold Standard were suspended, then there would be no restraint.
So, the Government of Germany suspended the Gold Standard when war broke out.
At that point, the Mark became an unbacked, Fiat currency.
Big mistake. Indeed, you could say it was a fatal error. This was when Germany set itself on the road to ruin.
With the Gold Standard suspended the German Government, in cahoots with Central Bank, could then print all the currency that they desired. The Money Supply ballooned.
The amount of currency in circulation in 1917 was 5 times greater than it was in 1913.
Consequently, by the end of the war, the Mark had lost half of its value.
Bear in mind that inflation is defined, in classical economics, as an increase in the Money Supply. Although, more correctly, it should be referred to as currency creation.
So we can restate this by saying the primary cause of inflation is excessive currency creation, or an increase the Money Supply, or money printing - whatever term you want to use.
Nothing in this world is free. There’s always a cost. And the cost of excessive currency creation, is the devaluation of the currency.
In Economics, everything is relative. So, the value of something is regarded in relation to something else. Essentially, what’s occurring is that the currency is losing some of its purchasing power in relation to products. Prices rise because it takes more of the currency to buy the products.
I should also mention that new credit institutes were set up. And people borrowed heavily from them. This further added to the Money Supply.
As we all know, Germany lost the war and in accord with the Treaty of Versailles, it had to pay War Reparations to the victors. So they had huge reparations to pay in addition to the debts accrued to fund the war.
Other things occurred which added to the problems Germany faced. Allied occupation of the Rhineland, territorial losses, political instability, workers strikes and mass protests. These things had an impact, but talking about these would take us off topic.
Suffice to say that Germany’s socio-political and economic woes worsened as time went on.
The problem was, the post war Economy was in a pretty parlous state.
Germany’s economy might have been strong before the war, but the war had taken its toil.
The bottom line was Germany wasn’t in a position to pay the debts.
So the German Authorities started to print even more money in order to service the debts.
Inflation went up as a result of the money printing.
A viscous circle tends to come into operation at this stage.
I shall talk about one aspect of this … Prices for goods and services go up. So workers on fixed incomes demand wage increases. This is inflationary because any wage increases are passed on to the consumer in the form of higher prices.
This pattern repeats. It’s a negative feedback loop.
The German Authorities didn’t only print money to service the National debt, but also to get foreign currency to pay the War Reparations.
Over time the Mark lost value against other currencies like the British Pound.
In 1913 the British Pound was worth 20 Marks.
At the end of 1918 a Pound was worth 43 Marks.
One year later in 1919 a Pound was worth 185 Marks.
In April 1921 a Pound was worth 268 Marks.
As compared to the Dollar.
In 1914 a Dollar was valued at 4.2 Marks.
At the end of the war it was 7.9 Marks.
In the first half of 1921 a Dollar was worth 90 Marks.
In early 1922 it was 320 Marks.
Many ordinary German citizens exchanged foreign currencies to protect their purchasing power.
In 1921 the Mark was in big trouble. But by the end of 1922 a Dollar was worth 7,400 Marks
The Mark was essentially in freefall. Indeed, you could say it was in terminal decline.
As a side note…. Seeing what was happening, in January 1923 French troops marched into the German Industrial heartland, the Ruhr. They did this to secure hard assets such as coal in lieu of payment. This obviously didn’t go down well with the German populace. It was a source of rancour which added to the general malaise.
Because the German Authorities had been creating more and more currency, inflation accelerated and eventually it gave way to Hyperinflation.
When a country experiences an inflation rate of more than 50% per month then it’s regarded as suffering from Hyperinflation.
During the course a Hyperinflationary event, the velocity of money speeds up – getting faster and faster as people chose to spend their currency rather than hold onto it.
People spend the currency they’ve earned as fast as they can, because they are concerned that the currency is losing its value – and for good reason. Their concerns are entirely valid because that is exactly what is happening.
So they spend while they still can. A buying mania takes hold of a nation.
But this behaviour only compounds the problems that the currency has.
In 1923 the inflation rate was 30,000 % per month - prices of products doubled every 4 days.
In 1914 a Dollar was valued at 4.2 Marks. But by November 1923 a Dollar was valued at 4.2 Trillion Marks. For those of you who don’t know, a Trillion is a million million – so rather a large number.
The Mark was, by this point, to all intents and purposes, worthless.
Let’s have a quick look at what happened to Gold during this episode …
During the Hyperinflationary event, the price of Gold per once went from 100 Marks to 87 trillion Marks. As I said in the previous video and elsewhere, in Economics, everything is relative. So, the value of something is regarded in relation to something else. This reflects the dramatic devaluation of the Mark – it lost value against gold.
The Purchasing Power of Gold and silver went up exponentially during this time period.
The take away from this is that during a Hyperinflationary event, those who hold their wealth in failing currencies lose out, becoming poorer and poorer whilst those who hold their wealth in real money, gold and silver, will not just survive, but should thrive. Those who hold precious metals reap the rewards many times over.
The vast majority of people did not own precious metals and became impoverished as a result.
A new currency, the Rentenmark was introduced in November 1923 replacing the former Mark which had died and the hyperinflation went away pretty quickly.
Why? Well, because people trusted the new currency. They trusted it in part because the authorities linked the currency not to Gold, but to land – it was based on the notional value of land.
Trust and confidence are very important concepts when considering currencies – both Gold backed currencies and Fiat currencies.
The backing of currencies by gold by means of the Gold Standard is crucial to maintaining the trust of the populace and their confidence in the currency. Because they know that they can, if they want, convert the currency for Gold.
Fiat currencies, on the other hand, don’t have this backing and so they depend almost exclusively on trust and confidence and the good standing of a Government – need I say more.
Hyperinflation has a strong psychological component to it.
When trust and confidence in the currency erode, the currency is doomed.
We’re nearing that tipping point.
To finish off, please note several things ….
Prior to this event, the German Mark was considered as being a stable and trusted currency.
The Hyperinflationary event happened in Germany 100 years ago.
A little over 50 years ago, on 15th August 1971, President Nixon of the US suspended the convertibility of Dollars to Gold. This event is known as the “Nixon Shock”.
Basically, this move ended the Gold Standard - stopping the exchange of Dollars for Gold. And, as all other world currencies were linked to the Dollar, overnight, all currencies became “Fiat Currencies”. That’s where we still stand.
No Fiat currencies in the world have ever lasted very long. They all eventually become worthless.
There’s been massive currency creation in all countries. And the Money Supply is going to increase exponentially as a result of the present banking crisis.
So basically, we’re headed for Hyperinflation.
I hope you’re all adequately prepared.
Wise up and rise up
For anyone who’s interested, I have a channel on Bitchute called “the Alt Economist”.
History is repeating itself. Everything that happened leading up to the great depression, during the great depression, and post great depression...x100! Market/banking system collapse is the beginning what follows next is absolute robbery! Accounts wiped out, homes taken back by the banks, inflation and unemployment through the roof...i.e. "the problem", next comes the panic reaction. Desperate people doing Desperate things trying to survive screaming for someone to save them. Now comes the solution...WAR! Followed by a "wonderful" new deal...CBDC system that most will applaude and welcome because it will promote and promise stability, prosperity, and life back to normal. A total trap set by design. The vast majority of the planet will gladly and willingly climb on board this sinking ship that possesses no lifeboats!
Sorry about my rant but they piss me off the people are so divided case in point Transgender got a gripe no you can’t compete against natural women why do they have best actress and actor no man can out act a woman who have been practicing since a little girl daddy girl who is keeping a eye on her brothers don’t matter if she’s younger
As much as i want trump to win it could be interesting to see how another 4 years of biden would be. Biden administration has done incredible damage to the cia, us neocons, wef klaus schwab puppets. Biden has forced the world to wake up to the lies. More and more countries are moving away from western authoritarian world order.
The jab is now widely known to be a death shot. Alot of truths are coming out. The fed is bankrupting the offshore euro dollar system. ESG has peaked. I even think "climate change" will go away. The free dollars are gone. This is a good thing. Ofc there will be years of hardship in the west. Just buy metals and relax.
Look france is burning - people have awoken, Britton mass strikes - people have awoken, mass protest all across europe. ECB wont be able to stop the flood of capital away from the euro.
Biden has been a great president for the populist movement.
Lmao
SD Bullion just added $500 minimum order clause.
My last two Apmex and JM Bullion orders were delayed a week.
Id may be habbening.
Perhaps tens of millions worldwide are awake now but billions are still sound asleep.
small steps. But I think its more then tens of millions. everyone can see this:
https://www.youtube.com/watch?v=NWZ8kyg3ajQ
You cant hide that!
Thanks for that, uh that uh, my minds going blank now... I could only watch half of it, and you’re right, ain’t no hiding that
You can pick up some cheap BAX after 2 or 3 more good down days.
BAX Daily Chart:
https://docs.google.com/document/d/1EZui25dEffA3sEJIuV7PhsflDThlfG52drsriptcBw0/edit?usp=drivesdk
(Ukraine) Fireworks for taxpayers money
https://www.bitchute.com/video/Uq0aRin1mF3O/
Wow! There are interesting questions in the comments as to whether it's real.
This is real (Look At This Photograph):
https://www.youtube.com/watch?v=jBOQDg0wC-M
Yes, I thought it was real. I was left wondering why a few commenters were trying to cast doubts, but then there are always agents of the system doing that.
Citizen trump got INDICTED in the Great State of New York on some shady, prostitution, hush-money charges. Eeeeeheheheheheeee 🤣😁🥳🤣
Hahahahahahahaha 🥳🤣😂😁😃
https://www.washingtonpost.com/politics/2023/03/30/trump-indictment-ny-stormy-daniels/
In the "State of New York". Exactly. Why not on Mars?
Joe Biden and Hunter Biden, Fauci NHS FBI NSA ATF Bushes and they indicate Trump over a $2 dollar strip pole whore American people assume the position bend over no KY jelly
Look At This Photograph
https://www.youtube.com/watch?v=jBOQDg0wC-M
Biden perfect fall guy the republicans going to be chasing him after office tit for tat he will be to old for jail as his crime family just like Clintons nothing going to happen
Why won’t the federal reserve do what law dictates. Silver eagle coins . Lowest in history! 900k a month . They have done 60 million. They either are hoarding or don’t have any silver . Please explain .
Fed is above the law go ahead and call the FBI on them
Your right ! They do what they want these days . Sure wish we, the people who pay them and elected them could at least make them follow the laws they made themselves and have some semblance of justice. Sure would be nice !
they are the law , he who controls the money controls the world !
technically they are not part of our original founding and do not have to follow any rules like the constitution . Its not federal and there are no reserves , mass non compliance of paying taxes would do more than voting ..??? .... Paying them to kill us slowly
Miles Mathis says the US Revolution was fake and the US is really an extension of the old British EIC (East Indian Company). Probably true since the flags are near-identical. George Washington was also a 33 degree Freemason.
http://mileswmathis.com/EIC.pdf
Rag Tag army defeats British Empire 🤣🤣😂🤣😂🤣
Southern Border is the solution for rights believing Americans replacement workers just like Badges they don’t need no stinking taxes
What are you talking about? I stated the Federal Mint , US Mint , is NOT supplying the required amount of silver eagles per LAW ! Period ! They lie grotesquely! By LAW they are REQUIRED to supply as many silver eagles as DEMANDED by the public . Period !!!!!!!
They are not doing so ! Yet they state they are making more than ever . That’s called a lie ! It’s called breaking the US constitution law ! Read it !
They are making a fixed number of 900k a month . The demand is ten times that ! Explain , this time in English please !
You stated the Federal reserve in your reply , Someone correct me if I'm wrong but that is the job of of the TREASURY , The federal reserve is the evil stepchild of the treasury that prints paper and digits on a screen for the treasury. You are correct they are not supplying the demand , one can only wonder why.
Only congress has the right to coin money 🤣😂 why can’t people understand that we have no representatives hell they care more about Israel than own people clowns 🤡
This is a belated article about Credit Suisse.
I’ll detail some facts and then give some commentary afterwards.
As you all probably know by now … Credit Suisse got bought up by UBS.
Credit Suisse was Switzerland’s second biggest bank – second only to UBS.
Credit Suisse had been in big trouble for a while. As an indicator, it lost 97% of its share price since its peak in 2007. In 2022 they recorded a loss of $7.9 Billion.
The run on the bank started back in October 2022.
Fast forward to recently, Credit Suisse was on the brink of Bankruptcy.
Credit Suisse was a Globally Systemically Important Bank. So, obviously Swiss authorities had to act.
The Swiss President said that “an uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the Internal Financial system”
And that is true. The ramifications would have been massive.
They couldn’t allow Credit Suisse to fail. Their options were limited. Allow it to go Bankrupt, Nationalize it, or organize a buy out. They went for the third option, forcing UBS to buy it. So Credit Suisse got bought out by its rival UBS. It could be described as a corporate takeover.
They bought it for $3.2 Billion. Bear in mind that Credit Suisse had a market cap valuation of $8 Billion. So, they bought it at a 60% discount. It’s reminiscent of JP Morgan buying Bears Sterns for a bargain price at the start of the 2007 / 2008 Financial Crisis.
But given the loses of 2022, the purchase perhaps doesn’t seem like such a good deal. They got some sweeteners though. $173 Billion was pledged to guard against further risks
And they got a loss guarantee for dodgy derivatives of up to $9 Billion – so essentially a nice little compensation package.
And UBS gets access to funds made available by the Swiss National Bank. There’s a liquidity facility of over $100 Billion which acts as a backstop – which is nice for them, isn’t it?
However, as Gregory Mannarino of Trader’s Choice on YouTube said, the assets for Credit Suisse are in the region of 530 Billiion. He described it as “the greatest sale of the all time”.
So, viewed in this way, it could be seen as a knock down price.
Shareholders haven’t done well. They took a hit. Neither the shareholders of Credit Suisse or UBS got a chance to vote on the takeover. It was rushed through. Such was the urgency.
But the Bondholders fared worse. They lost in the region of $17 Billion.
There are several things I want to say about all this.
To some extent I feel sorry for the Shareholders and Bondholders. We shouldn’t take any pleasure in the misfortunes of our fellow humans. But it just shows that really you have to be extremely careful about where you put your money these days. While I do feel sorry for them, I can’t help thinking that these people or institutions were very foolish.
I personally would never invest in any institution right now. The Financial system is way too precarious at present. My strategy for the foreseeable future is to have next to no money in any bank and to use any spare Fiat to buy precious metals. That’s it. As far as I’m concerned, there are no other options. This is not financial advice by the way. You are entitled to do as you please. I’m just telling you what I do.
Moving on …
At the risk of stating the obvious. If Credit Suisse didn’t get bought by UBS, it would be bankrupt by now. So essentially it went bust.
Credit Suisse was a Globally Systemically Important Bank. There were only 30 banks recognized as Globally Systemically Important Banks (G-SIBs) in the world. And now, one of them, namely Credit Suisse, is no longer in existence. 30 green bottles, sitting on a wall and if one green bottle should accidently fall, there’ll be 29 green bottles, sitting on a wall….
Whatever anyone says, it’s basically another banking sector bailout. The Swiss authorities forced UBS to buy it because they couldn’t allow it to go bust, but also because they couldn’t step in themselves. It would look bad given what happened in the Financial Crisis of 2007 / 2008 and their promises about bailouts. A Private sector solution looked better. Perceptions matter more than you might think.
Oh yes, I should also say that the week before the Swiss authorities gave a $54 Billion liquidity facility to Credit Suisse, but that obviously wasn’t enough to stave off disaster.
UBS also gets access to funds made available by the Swiss National Bank, the Central Bank of Switzerland – which is a backstop.
The Swiss Banking sector has been up until recently regarded as the safest and most stable in the world. So, if the second biggest bank in Switzerland got into trouble, then that does not bode well for Switzerland, or elsewhere. But then maybe I’m just giving voice to the catastrophic side of my personality and you can call me crazy and ignore my warnings if you want.
The FED had been funneling funds to Swiss National Bank prior to the failure of Credit Suisse – providing short-term liquidity. So essentially the FED had been bailing out the Swiss Banking system behind the scenes and probably still is.
As a side note, I wonder how many Americans knew about this and I wonder what their reaction would be if they knew.
Ordinarily such a merger / acquisition probably wouldn’t be allowed because UBS and Credit Suisse were the two biggest banks in Switzerland. That should tell you something. These are not in normal market conditions. We’re not living in extra-ordinary times and extra-ordinary are happening and will continue to happen.
A pattern is emerging. Bondholders are getting screwed. And you could say who cares, but this will weaken Bond markets globally and will cause problems further down the road. But then, it’s probably all part of the plan to blow up the Bond market. The Bond Market in Britain went haywire in October last year. It’s only a matter of time before all the Bond markets blow up.
There should be alarm bells ringing for you for all of these points.
Staying in Europe …
The German Chancellor Scholz did something similar to Biden, coming out and telling Germans not to worry about their savings.
Meanwhile Deutsche Bank is in serious trouble. Deutsche Bank is another Globally Systemically Important Bank. 29 green bottles, sitting on a wall….
Some might say what else can he say … if he said there was a severe crisis, people would panic. I would say that if your not concerned now, then you might want to start to wonder what is going on.
Signs are always there to be read. As with the Boxing Day Tsunami of 2004, people did not read the signs properly. Prior to the Tsunami hitting, the water receded greatly. This was a huge sign. But people did not understand what it meant. They just looked on and did nothing. Some of them died as a result their lack of understanding and their inaction.
The signs are there to be read in the financial sector, in the markets and in the wider economy. The way I see it, all sorts of indicators are flashing.
I see it as my duty as a human being to issue an alert in order to help others. Be warned, I think that a Financial Tsunami is coming our way.
With a real Tsunami in 2004, when the water rushed inland, some people sought safety on the higher ground.
The higher ground with regard to a Financial Tsunami is precious metals. They have been seen as a safe haven throughout the ages.
I refer you to the videos I did on precious metals, money, gold, silver, fiat currencies, hyperinflation etc.
Wise up and rise up
For anyone who’s interested, I have a channel on Bitchute called “the Alt Economist”.
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In this article I will talk about a real world example of Hyperinflation.
The Mark in the Weimar Republic of Germany circa 1923 is an often cited example of a currency which has undergone hyperinflation. So let’s look at that.
For those of you who don’t know, the Weimar Republic was the ruling body in Germany during the interwar years. It came into existence after WWI in 1918 and ended in 1933.
The origins of this sad story though start before that, prior to WWI.
Wars are costly, so in order to meet the expensive, the German authorities knew that they needed money.
War Bonds were issued. Investors lent money to the German State by buying the Bonds. But the funds raised were insufficient to meet the requirements.
The German authorities were faced with three options.
Sell some of the nation’s gold holdings, raise taxes, or borrow. They chose the third option. They didn’t finance the war by means of raising taxes as had happened in France and Britain. But at least they were smart enough not to sell their gold.
The German authorities believed that they could finance the war by borrowing because they thought that it would only be a short war and that it would be a war that they would win.
The problem was they couldn’t borrow the sums they wanted with the Gold Standard in place.
The Gold Standard acts as a restraining mechanism, serving as a curb against government spending. If, however the Gold Standard were suspended, then there would be no restraint.
So, the Government of Germany suspended the Gold Standard when war broke out.
At that point, the Mark became an unbacked, Fiat currency.
Big mistake. Indeed, you could say it was a fatal error. This was when Germany set itself on the road to ruin.
With the Gold Standard suspended the German Government, in cahoots with Central Bank, could then print all the currency that they desired. The Money Supply ballooned.
The amount of currency in circulation in 1917 was 5 times greater than it was in 1913.
Consequently, by the end of the war, the Mark had lost half of its value.
Bear in mind that inflation is defined, in classical economics, as an increase in the Money Supply. Although, more correctly, it should be referred to as currency creation.
So we can restate this by saying the primary cause of inflation is excessive currency creation, or an increase the Money Supply, or money printing - whatever term you want to use.
Nothing in this world is free. There’s always a cost. And the cost of excessive currency creation, is the devaluation of the currency.
In Economics, everything is relative. So, the value of something is regarded in relation to something else. Essentially, what’s occurring is that the currency is losing some of its purchasing power in relation to products. Prices rise because it takes more of the currency to buy the products.
I should also mention that new credit institutes were set up. And people borrowed heavily from them. This further added to the Money Supply.
As we all know, Germany lost the war and in accord with the Treaty of Versailles, it had to pay War Reparations to the victors. So they had huge reparations to pay in addition to the debts accrued to fund the war.
Other things occurred which added to the problems Germany faced. Allied occupation of the Rhineland, territorial losses, political instability, workers strikes and mass protests. These things had an impact, but talking about these would take us off topic.
Suffice to say that Germany’s socio-political and economic woes worsened as time went on.
The problem was, the post war Economy was in a pretty parlous state.
Germany’s economy might have been strong before the war, but the war had taken its toil.
The bottom line was Germany wasn’t in a position to pay the debts.
So the German Authorities started to print even more money in order to service the debts.
Inflation went up as a result of the money printing.
A viscous circle tends to come into operation at this stage.
I shall talk about one aspect of this … Prices for goods and services go up. So workers on fixed incomes demand wage increases. This is inflationary because any wage increases are passed on to the consumer in the form of higher prices.
This pattern repeats. It’s a negative feedback loop.
The German Authorities didn’t only print money to service the National debt, but also to get foreign currency to pay the War Reparations.
Over time the Mark lost value against other currencies like the British Pound.
In 1913 the British Pound was worth 20 Marks.
At the end of 1918 a Pound was worth 43 Marks.
One year later in 1919 a Pound was worth 185 Marks.
In April 1921 a Pound was worth 268 Marks.
As compared to the Dollar.
In 1914 a Dollar was valued at 4.2 Marks.
At the end of the war it was 7.9 Marks.
In the first half of 1921 a Dollar was worth 90 Marks.
In early 1922 it was 320 Marks.
Many ordinary German citizens exchanged foreign currencies to protect their purchasing power.
In 1921 the Mark was in big trouble. But by the end of 1922 a Dollar was worth 7,400 Marks
The Mark was essentially in freefall. Indeed, you could say it was in terminal decline.
As a side note…. Seeing what was happening, in January 1923 French troops marched into the German Industrial heartland, the Ruhr. They did this to secure hard assets such as coal in lieu of payment. This obviously didn’t go down well with the German populace. It was a source of rancour which added to the general malaise.
Because the German Authorities had been creating more and more currency, inflation accelerated and eventually it gave way to Hyperinflation.
When a country experiences an inflation rate of more than 50% per month then it’s regarded as suffering from Hyperinflation.
During the course a Hyperinflationary event, the velocity of money speeds up – getting faster and faster as people chose to spend their currency rather than hold onto it.
People spend the currency they’ve earned as fast as they can, because they are concerned that the currency is losing its value – and for good reason. Their concerns are entirely valid because that is exactly what is happening.
So they spend while they still can. A buying mania takes hold of a nation.
But this behaviour only compounds the problems that the currency has.
In 1923 the inflation rate was 30,000 % per month - prices of products doubled every 4 days.
In 1914 a Dollar was valued at 4.2 Marks. But by November 1923 a Dollar was valued at 4.2 Trillion Marks. For those of you who don’t know, a Trillion is a million million – so rather a large number.
The Mark was, by this point, to all intents and purposes, worthless.
Let’s have a quick look at what happened to Gold during this episode …
During the Hyperinflationary event, the price of Gold per once went from 100 Marks to 87 trillion Marks. As I said in the previous video and elsewhere, in Economics, everything is relative. So, the value of something is regarded in relation to something else. This reflects the dramatic devaluation of the Mark – it lost value against gold.
The Purchasing Power of Gold and silver went up exponentially during this time period.
The take away from this is that during a Hyperinflationary event, those who hold their wealth in failing currencies lose out, becoming poorer and poorer whilst those who hold their wealth in real money, gold and silver, will not just survive, but should thrive. Those who hold precious metals reap the rewards many times over.
The vast majority of people did not own precious metals and became impoverished as a result.
A new currency, the Rentenmark was introduced in November 1923 replacing the former Mark which had died and the hyperinflation went away pretty quickly.
Why? Well, because people trusted the new currency. They trusted it in part because the authorities linked the currency not to Gold, but to land – it was based on the notional value of land.
Trust and confidence are very important concepts when considering currencies – both Gold backed currencies and Fiat currencies.
The backing of currencies by gold by means of the Gold Standard is crucial to maintaining the trust of the populace and their confidence in the currency. Because they know that they can, if they want, convert the currency for Gold.
Fiat currencies, on the other hand, don’t have this backing and so they depend almost exclusively on trust and confidence and the good standing of a Government – need I say more.
Hyperinflation has a strong psychological component to it.
When trust and confidence in the currency erode, the currency is doomed.
We’re nearing that tipping point.
To finish off, please note several things ….
Prior to this event, the German Mark was considered as being a stable and trusted currency.
The Hyperinflationary event happened in Germany 100 years ago.
A little over 50 years ago, on 15th August 1971, President Nixon of the US suspended the convertibility of Dollars to Gold. This event is known as the “Nixon Shock”.
Basically, this move ended the Gold Standard - stopping the exchange of Dollars for Gold. And, as all other world currencies were linked to the Dollar, overnight, all currencies became “Fiat Currencies”. That’s where we still stand.
No Fiat currencies in the world have ever lasted very long. They all eventually become worthless.
There’s been massive currency creation in all countries. And the Money Supply is going to increase exponentially as a result of the present banking crisis.
So basically, we’re headed for Hyperinflation.
I hope you’re all adequately prepared.
Wise up and rise up
For anyone who’s interested, I have a channel on Bitchute called “the Alt Economist”.
History is repeating itself. Everything that happened leading up to the great depression, during the great depression, and post great depression...x100! Market/banking system collapse is the beginning what follows next is absolute robbery! Accounts wiped out, homes taken back by the banks, inflation and unemployment through the roof...i.e. "the problem", next comes the panic reaction. Desperate people doing Desperate things trying to survive screaming for someone to save them. Now comes the solution...WAR! Followed by a "wonderful" new deal...CBDC system that most will applaude and welcome because it will promote and promise stability, prosperity, and life back to normal. A total trap set by design. The vast majority of the planet will gladly and willingly climb on board this sinking ship that possesses no lifeboats!
https://dailystormer.in/brazil-officially-abandons-us-dollar-in-trade-with-china/
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Sorry about my rant but they piss me off the people are so divided case in point Transgender got a gripe no you can’t compete against natural women why do they have best actress and actor no man can out act a woman who have been practicing since a little girl daddy girl who is keeping a eye on her brothers don’t matter if she’s younger
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Israel going to need increased welfare payments from broke ass USA like Hunter ex boody call wanting increase in child support