BANKING COLLAPSE IMMINENT
THE RESET HAS BEGUN
Effective March 26, 2020, the The Federal Reserve Board reduced reserve requirement ratios on all net transaction accounts to zero percent, eliminating reserve requirements for all depository institutions
In Spring 2023 the Banking Collapse started with smaller regional banks.
In Spring 2024 the next wave of Banking Collapse will continue.
Nov 2023 the CEOs of Bank of America, Wells Fargo and JP Morgan told Congress they could not go from 0% reserves to be held to a 3% reserve balance.
The current Deposit to Loan Ratios means the banks can not sustain any type of run on the banks. When the people realize what is happening their will be a run on the banks.
Effective March 11, 2024 there will be no more money to loan out and the Fed will pick and choose who gets to loan out money
Congress passed the bail In provision with 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act which allows the banks to confiscate assets. The bail-in relief was legalized in the U.S. following the 2007–2008 financial crisis in which banks deemed “too big to fail” were bailed out by the U.S. government. The specific section of Dodd-Frank that deals with bail-ins is Title II: Orderly Liquidation Authority (OLA).
Who's exposed?
✅401Ks (Retirement Accounts) - currently there are $27T in retirement accounts
✅People with cash positions in banks will have their money taken.
The banks have already started this by limiting how much money you can take out, transfer on Zelle or move in general.
What does this mean?
This will be the demise of the middle class leading to a recession and then depression. People will be left with nothing if they do not diversify their cash into paying off loans, buying gold, silver, crypto or other hard assets.
Potential?
This could keep Trump from winning the White House. In a bank collapse the government could institute martial law, shut the banks and ration your access to money.
The loss already sustained in 2020 is worse than what happened in 2008. The stock market manipulation coupled with the massive money printing and inflation has done a better job of masking the incoming collapse.
AND COLLAPSE IS COMING
Worldwide markets - Honk Kong, Japan , S&P, Dow - all time highs - why? Blackrock and Vanguard control trillions in assets and they are manipulating those stocks with sustained earnings and rotating out any stocks that can't perform and rotating in AI stocks into S&P 500 and other exchanges.
Result:
The stock markets will hang in there, but the banks and the dollar will collapse.
Cryptos are going crazy and will allow purchasing stocks with crypto. And as BRICS comes more online, your are going to see the transfer to asset backed transactions like the new @abaxx_exchange will facilitate in #LNG and #batterymetals
What is the hedge against inflation:
With the last month in the crypto market you can't ignore that crypto, gold, and silver are the hedge against inflation.
Warning:
Keeping cash in banks is not the safe nor smart play.
Putin had his take on the U.S. dollar too
https://t.co/TCmXhq4EE2
It’s over 33 Celsius / 92 Fahrenheit at the moment in Thailand which makes it unbearable for some of the street dogs with long hair. I spotted this old girl a few days ago in a different area to where I normally feed and I could see she was in agony. Just moving 10-20 yards was painful for her.
As well as the overgrown fur it was mixed in with sharp pines and big matted clumps on her ears and right into her mouth. As well as that as we started to shave her we could see 100s of ticks and fleas. The amount of pain this girl must have been in is hard to imagine.
It took about 2 hours to clean her up and hand pick ever tick out of her. She also got a full health check up and a lovely little bandana to send her on her way back to the safe place where she lives.
We do lots of bigger way more impactful stuff than this with dogs at scale but sometimes just changing the world for one dog makes all the difference. It feels just as nice for us seeing the dog pain free as it does for the dog. I can only imagine how nice she feels tonight.
Just this morning she was invisible to the world and miserable but tonight she’ll sleep well 🥰🙏
16 days ago Billy came into my world and even though it’s been incredibly tough to figure it all out we’ve made some big progress.
Today Billy is in the best state since I’ve met him after he got attack but the journey has been long (1/6) 🧵
If you need a smile today this short thread is it…
Buster spent years on a very short chain living on concrete. We rescued him and the owners said it was because he was “dangerous and aggressive”
It would have broken the spirit of many a dog but not Buster… (1/6) 🧵
At the arena so not sure if it’s been said on the telecast but as we celebrate the dunk contest let’s help 3X Champion @nate_robinson find a kidney donor!!!
When Kurt Russell was a kid, he worked with Charles Bronson.
On discovering it was Bronson's birthday, Russell gave him a gift.
Bronson took the gift and left without a word, leaving Russell worried he had upset him.
Later, Bronson called Russell to his dressing room and quietly said he had never received a birthday gift before.
Bronson grew up very poor, with fourteen siblings, and worked in mines from a young age, never completing school or experiencing much kindness.
Bronson was touched by Russell's gesture. He later gifted Russell a skateboard for his birthday, and they became lifelong friends.
Saying see you later to a city that means the world to me. DC y’all brought me so much happiness over the last 9 years. I could never repay you for taking a chance on a mid major kid no one believed in. Y’all will forever be my family🤍
🌩️9️⃣