American Economic Collapse

I apologize if my reply came out as confrontational, that wasn't my intention. I am just hyper-aware of how the info is being manipulated to provoke emotional reaction. But I agree with your statement. Friday would seem like a good day for it since it's the end of the week and people are just looking to unwind and do the weekend things...
I wouldn’t worry about what is said too much Alan. There is going to floods of misinformation simply because truth is not to be found any more. It’s not that people are not checking or assume things to be true erroneously. I do it all the time and the best way to keep the stress in check is to wait until happens. That’s poor advice too, but it is really coming down to trying to keep one’s sanity for the day it really matters. All we can do is look after those within our care, and for others, just try to support as best we can. There will be fractious episodes here as well. The best defence to remember i have found is the Japanese proverb about bamboo, it bends with the wind and so does not break. 👍
 
I wouldn’t worry about what is said too much Alan. There is going to floods of misinformation simply because truth is not to be found any more. It’s not that people are not checking or assume things to be true erroneously. I do it all the time and the best way to keep the stress in check is to wait until happens. That’s poor advice too, but it is really coming down to trying to keep one’s sanity for the day it really matters. All we can do is look after those within our care, and for others, just try to support as best we can. There will be fractious episodes here as well. The best defence to remember i have found is the Japanese proverb about bamboo, it bends with the wind and so does not break. 👍
I like that proverb, and it's something I try to apply in my life (with various success). I guess it's just a deformation professionnelle on my part. But I find it warranted most of the time in these crazy times we live in. Thanks for your advice, I apreciate it.
 
Apparently, the game plan is to bankrupt the smaller banks, either shutting them down entirely or having the big Wall Street banks swallow them down. As interest rates rise the smaller banks are stuck with low interest-bearing treasuries. The big banks will then likely be taken over by the FED and the whole system scuttled.

 
Sounds like SVB bank was a Financial Paradise
Sounds like SVB bank was a Financial Paradise
I think you must have misheard Brother Potato. Watchtower is a Financial Paradise. SVB were “Fiscally Directed” thinking that their Profit had already arrived back in 1914, and that their loan period had been “Generously Extended”. It was that glaring typo that caused a “Fiscally-directed bankruptcy.”
 
Hey, if everyone draws out their money from the banks tomorrow we can get this end-times thing going, maybe. :unsure:

It will suck if I lose all my money from the sale of my house but my brother is my brother and he told me yesterday that no matter what vomit come from their mouth, I have a place to live. Of course, we will grow food and extend our lives. He is beginning to see the application of what I have been preaching for the last five years. I started before Covid. Jehovah gave me advance warning and I was determined to oppose him. I cant stand it any longer and the fire that burns us within has engulfed me in flames. Jehovah warned me so that I would warn the rest. If I am warning anyone then Jehovah has a can of gasoline over your head and your time is limited. I am warning all of you, this is a goalpost that you will not pass without carrying sin onward.
Jehovah gives his warnings and this is a warning. The time left is shortened and our God has lost his patience with us. Let me die on a desert as if I were discarded as trash but let me speak the truth of God.
Repent now as if you never have before.
 
JUST IN: Signature Bank has been closed by U.S. regulators. New York Department of Financial Services (DFS) has taken possession of the bank in order to protect depositors.



This is the second bank in the United States that has collapsed in the last three days.



@GeneralMCNews
 
JUST IN: Signature Bank has been closed by U.S. regulators. New York Department of Financial Services (DFS) has taken possession of the bank in order to protect depositors.



This is the second bank in the United States that has collapsed in the last three days.



@GeneralMCNews
And it’s not even Monday.
 
It reminds me of back in September 2008 after Lehman Brothers blew out, when the Fed and banktsers and Treasury Secretary had a weekend-long emergency meeting to figure out how to plug the dike. That's when little Bush famously said of the financial system: "This sucker could go down." Well, they plugged the dike back then and now 14 years later it has sprung another leak, and after another emergency meeting they have come up with a scheme to bail out SVB, except they are not calling it a bailout. Just a temporary patch maybe?

Now, though, if they lower interest rates like they did in 2008 and during the pandemic it will stoke inflation. But if they keep raising rates banks and other institutions holding low-interest-bearing debt will go down, as SVB did last week in breathtaking fashion. The US Federal Reserve is now squarely between the proverbial rock and a hard place. They need a war, bad!
 
It reminds me of back in September 2008 when the Fed and banktsers and Treasury Secretary had a weekend-long emergency meeting to figure out how to plug the dike. That's when little Bush famously said of the financial system: "This sucker could go down." Well, they plugged the dike back then and now 14 years later it has sprung another leak, except now if they lower interest rates like they did then it will be stoke inflation. But if they keep raising rates banks and other institutions holding low-interest-bearing debt will go down, as SVB did last week n breathtaking fashion. The US Federal Reserve is now squarely between the proverbial rock and a hard place. They need a war, bad!
They kicked the can down the road in 08, now it’s a 55 gallon drum filled with lead.
 
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