Just a quick update on the banking issues we are facing right now:
- This is only the tip of the iceberg.
- SVB was the model for the ESG agenda.
- The collapse may well have been intentional as a system test for going forward.
- SVB was one of the banks for the ultra elite. That is why Biden is covering any/all loses.
- There is even more, I am trying to sort it out…but my time is short with the solar upgrade taking place.
The single most troubling aspect…Biden. Yeah, go figure! What I mean is his “Dictator-In-Chief” agenda. Biden, single handedly, without any action or approval from Congress, changed how the FDIC works…took the law into his own hands. FDIC is suppose to be insurance for $250,000 (and below) account holders…protecting the little guy from banks going bad. Banks pay into the government for that “insurance” to be used when needed.
Well, Biden changed that without Congressional approval to cover all accounts at SVB. And now that is the new precedence. And who is going to object to it? Biden comes to the rescue…people love heroes.
Oh, and another piece of information…there is no “insurance fund” when it comes tot he FDIC. With the US federal government there is only one account…a single account that ALL money goes into and out of. There is no insurance pool of money for the FDIC…simply an amount that can be tracked on the government accounting books. When the amount hits zero…and it will, they always do…the US federal government will simply print more money to use to cover ever growing losses.
But notice this is another in a long line of Biden actions where he simply changes a system to suit his will…or rather the will of those controlling him. These are dangerous and disastrous actions taking place…but they are intentional and by design. What Biden comes next?
Two last items…1) this is tied directly to forthcoming US Government cryptocurrency, 2) we are only seeing the tip of the banking problem iceberg. And you do remember what the most famous iceberg in history did to the Titanic…right?
I really hope you have been reading my articles over the last 14 years, especially the last 3 – 4 years…I mean that sincerely. You better get more prepared even as we speak.
Pray for our country, our people, your neighbors…we need the prayers of good people.
Related Articles –
- Another Bank Failure…more troubling signs…
- SVB – Banks – Failure – Update
- ! WARNING ! Do you have your emergency cash fund?
- Cryptocurrency…Idiots…FTX…Evil…
- The Fallacy of “Month-Over-Month” Inflation Numbers
- Massive (un)Employment Problems!
- SitRep – 12/07/2022 (part #1)
- SitRep – 12/07/2022 (part #1)
- SitRep – 12/02/2022
- SitRep – 10/19/2022 – Dire Warning !