Are The USA Banks / Banking System Solvent?

[INC]

Originally Posted by enjoythemusic

Interesting PBS special documentary just posted.

Thank you for sharing this video!

Well, it shocked me. For example the "food bank" and the lots of people there... it was something which I don't understand. Firstly, I never heard about this in the media I can read here in the EU. Of course, it's not a big surprise, but for me it was shocking to see this HUGE LINE OF EXPENSIVE CARS "driving through" for food. I can't undestand: how can a person have such a car who has a problem with feeding his/her family? In Hungary, with such cars you surely got nothing for free, because you will look like "rich". I think, it's something I will never understand, as we live a totally opposite life. Not just like a different system, but like we used to live our life on a different planet.

*

Despite the aboves, the movie was a great summary in my opinion. I was a little bit surprised how many persons were involved in this movie, and I really appreciated their opinions. In my case, I'd liked Mohamed El-Erian the most. He is still such brillant as he was when I met him in an event about a decade ago. I liked his clear view again, but as in the last time his predictions were perfect, so I'm not very happily look forward for the near future. In the other hand for example I never heard about Neel Kashkari, but he was a very suggestive person for me. I think, he reminds me the Pharaos of Egypt and the way they could rule their land. I don't want to became his enemy

At the end of the movie, I was quite surprised, that they concluded in general that the lifeform of the US persons can't go on this way. To state, that the FED is NOT a democratic instrument, and the US needs an almost completly new financial system... make by politicians? This sounds like the financial system was completly failed, and they intend to push the "reset" button before the "game over" appears on the displays.

[Maleg]

Originally Posted by Blansky

Just trying to report the news everyone else is afraid to report.

I’m also pretty sure she was behind the Bernie Madoff arrest as well. Just a kindly old man trying to start his own bank.

And I recently uncovered the fact that she seems to have infiltrated virtually every bank, boardroom and corporate office in the country. Her diabolical fingerprints are EVERYWHERE.

“She first started her own line in the 1990s in a range of neutral tones, some inspired by eggs produced by her Araucana chickens and the richer 'Colors of Skylands' palette which echoed her home in Maine. Martha tends to decorate her own spaces in warm greys, soft whites and pastels.”

WAKE UP PEOPLE!!! It all started with her chickens!!!!! Her Araucana chickens!!!

SHES TRYING TO TAKE DOWN OUR BELOVED BANKING SYSTEM AND WALL STREET.

My god…the pastels.

Am I the only one that sees this???????

Warm greys is a red flag!

[SDGT3]

Meh, I don't know what you guys are worried about.... On Tuesday Cramer said that the worst is behind us and we're heading for a soft landing.

[Blansky]

Originally Posted by Maleg

Warm greys is a red flag!

And so often missed and overlooked.

[Blansky]

I realize most people on this forum are somewhat financially illiterate or have had very little experience in financial matters, and are completely in the dark by the US financial system, as well as the forces that control the world financial system.

Also many of the terms can be very confusing. To mitigate that to some extent I thought I’d start with the basics and list the differences between two fairly common terms.

What are the differences between a Ponzi Scheme and a bank?

1.

2.

3.

As you can see the answer is ….. nothing.

When they get caught with their pants down, they can both be fixed with a bailout.

I write this as someone who has a long history of needing a bailout, I hope this helps.

[enjoythemusic]

Speaking of...

Ponzi scheme as it pertains to Social Security... discuss.

Look, we know central banks will ctr alt p to infinity if needed to 'stabilize' the fragility of their failed mathematical model. How to best to position the value of your work-energy should be of paramount concern right now imho.

[superdog]

Originally Posted by enjoythemusic

So, looks like Credit Suisse gets a nice bailout.

8,703,000 million Swiss citizens guaranteeing CHF 100,000,000,000 in bank 'liquidity assistance'. Looks like another price increase on Swiss timepieces might not be too far away.

They are getting purchased no?

Is that the same as a bailout?

[enjoythemusic]

Read this... https://www.cnbc.com/2023/03/19/ubs-...ng-system.html

Didn't find this on CNBC, yet heard the Swiss Government will allow for a CHF 9,000,000,000 guarantee of some such. Am sure all currency is guaranteed for stability / confidence and will work out one way or another.

---
---

Just announced: Coordinated central bank action to enhance the provision of U.S. dollar liquidity
For release at 5:00 p.m. EDT

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.


https://www.federalreserve.gov/newse...y20230319a.htm

PS: Reinstate the Glass-Steagall Act.

[pickettt]

Originally Posted by enjoythemusic

Read this... https://www.cnbc.com/2023/03/19/ubs-...ng-system.html

All coinciding with the launch of FedNow. Pure coincidence, I'm sure.

Made this call 5 months ago
346C3FBE-D3E1-434F-B41D-82EB2148215A.png

[Kowaco]

Originally Posted by pickettt

All coinciding with the launch of FedNow. Pure coincidence, I'm sure.

Made this call 5 months ago
Attachment 1355328

Good observation, the scary part is I’m starting to hear lots of things that remind me of past disasters.


Sent from my iPad using Tapatalk

[macrowatch]

Originally Posted by Blansky

I realize most people on this forum are somewhat financially illiterate or have had very little experience in financial matters, and are completely in the dark by the US financial system, as well as the forces that control the world financial system.

Also many of the terms can be very confusing. To mitigate that to some extent I thought I’d start with the basics and list the differences between two fairly common terms.

What are the differences between a Ponzi Scheme and a bank?

1.

2.

3.

As you can see the answer is ….. nothing.

When they get caught with their pants down, they can both be fixed with a bailout.

I write this as someone who has a long history of needing a bailout, I hope this helps.

One is legal and has a better lobby the other is not. One gets bailed out by tax payers and the other is not. Ha.

PS, i thought YOU ran the financial system.

[daveo5]

Uninsured deposits. The FDIC only insures amounts up to $250,000.00. You can have multiple accounts in one bank, all are separately insured. The key is $250.000.00 per account. The bank can fail, and all you multiple accounts are covered. Go over the threshold and you are on your own. What Biden wants to do is cover all the accounts in SVB regardless of amount. In other words all the start ups, techs and techies would not lose anything. The problem is this replenishment comes from the taxpayer and taxes. Not the US Treasury. Personally I’d love to know how much Pelosi’s have in that bank.


Sent from my iPhone using Tapatalk Pro

[7sins]

Originally Posted by daveo5

Uninsured deposits. The FDIC only insures amounts up to $250,000.00. You can have multiple accounts in one bank, all are separately insured. The key is $250.000.00 per account. The bank can fail, and all you multiple accounts are covered. Go over the threshold and you are on your own. What Biden wants to do is cover all the accounts in SVB regardless of amount. In other words all the start ups, techs and techies would not lose anything. The problem is this replenishment comes from the taxpayer and taxes. Not the US Treasury. Personally I’d love to know how much Pelosi’s have in that bank.


Sent from my iPhone using Tapatalk Pro

This was already accomplished through the FED and their Bank Term Funding Program. The BTFP covers all uninsured deposits from SVB and Signature Bank at the expense of the FDIC not the taxpayer, for now at least. Also, Pelosi's husband is a world renown Hedge Fund manager, I highly doubt he had any money at SVB.

Originally Posted by SDGT3

B, you're better than anyone else here to speak about this, Moody's downgraded FRC debt to junk status. What is JPM's end game here? A takeover bid or otherwise? FRC has wealthy clientele, maybe JPM wants in on that? Still trying to see what their real angle is.

Great question my friend and is all conjuncture at this point. My thesis is Yellen and the treasury dept coerced these 11 Banks to assist, in return, they should get first right of refusal to assets should they auction. To your point, FRC has wealthy clients, the majority of them they won through incredibly low cost and thus low margin lending. The real value behind a company like FRC is wealth management where margins are absurdly high. IE most banks/wirehouses typically retain 60% of the PCs/revenue from an advisor. From my direct experience in LA, most of the FRC advisors came from private wealth distributors like ML PBIG or MS PWM and managed billions of dollars. Lets say a team manages $2B which is average for the FRC LA office, at 1% fee that is $20M in yearly PCs/revenue. FRC keeps $12M of this revenue. I raise awareness to this as you can see how lucrative the wealth management business is and would be the perfect fold into JPMs wealth management arm. That to me appears the best play for JPM, look at the last week, major wirehouses like MS,UBS, BAC/ML are ranking in 100s of billions in new assets, especially corp cash management. Also to some degree, I think optics here play a large part as these big banks want the perception of being safe.

[INC]

Originally Posted by enjoythemusic

Didn't find this on CNBC, yet heard the Swiss Government will allow for a CHF 9,000,000,000 guarantee of some such. Am sure all currency is guaranteed for stability / confidence and will work out one way or another.

Confirmed by the EU media: UBS purchased CS for 3billion. The show must (and will) go on.

[330ci]

Originally Posted by INC

Confirmed by the EU media: UBS purchased CS for 3billion. The show must (and will) go on.

With the Swiss government(citizen backed) offering up to $9b to help with asset depreciation amongst the merge, and the NSB loaning $100Bil to keep the show going.

[lab rat]

Who’s next? Deutsche bank?

Having lived through society collapse, I’m not scared of what is about the happen. It’s not The Planet of the Apes kind of shift: some people will suffer, others will get rich - same as always. The only thing which will change drastically is the overall quality of life. The only thing you really don’t want is war. I live in a country which never experienced more than 50 years of peace. We are used to this. But, it will be interesting to see how nations less inclined to hardships will handle this time which is upon us.

[INC]

Originally Posted by 330ci

With the Swiss government(citizen backed) offering up to $9b to help with asset depreciation amongst the merge, and the NSB loaning $100Bil to keep the show going.

They had about CHF778.0B if I saw well, so it doesn't hurt them at all.

[INC]

Originally Posted by lab rat

It’s not The Planet of the Apes kind of shift: some people will suffer, others will get rich - same as always.

In my opinion we became remarkably close to the FED 's "epic fail".

I think, the US debt it starting to be unfinanciable due to the high interest rates, which is a Catch22 issue. If the FED will not raise their interest rates, the system could collapse because of the exponentally escalated inflation. However if they lower the rates and print more money, then US debt will became unmanageable because of the amount of the debt - even with a lower interest rates. But if there will be no more money, there will be no artifical economical growth which is nothing more then the appearance of the newly printed money in the economy. Anyhow, in my opinion such kind of clueless managing of the leading economy of the World could led to the entire demolition of the American-Western Dream.

Therefore the central banks try to use all their REMAINING assets to stablize the markets. However even if they will succeed, this will be their VERY LAST ASSET to try to keep the "debt related economy growing" alive. Therefore I think, that "today" is the last chance to change the rules and to establish an economy which is NOT relating on the imperalism and the USD debt system, as it failed.

And for the last, in my opinion if such thing would be started to negotiating in the media, it could rage such a panic, in which The Planet of the Apes would look like a fairytale.

[lab rat]

Well, Americans are less inclined to hardships (at least lately), so there’s a chance the mirage of The Statue of a Liberty peeking from sand would appear, but believe me: it would be just a mirage. After all, the society in a country which was looked at as the beacon of sanity and freedom somehow managed to persuade itself that is racist after finally having a black man as a president. So, obviously there is a certain level of not being able to process reality for many in USA, at least at the moment. Hopefully it will pass soon. I don’t bet on it, but I do hope.

As for choosing between inflation and lower interest rates, I believe you are right: it can become a death spiral in this kind of situation. But, hyperinflation would reset everything, even the comically large USA debt. One way to pay back trillions is to make the money worthless. :)

[m j b]

Although I disagree with some of the comments here (which is why it is interesting!) I'm very intrigued by the perspective of the non-Americans here, as for what you all see and hear is notably different than what we here in the USA see.

Part of that, most of it really, is pure ignorance, as many (most) Americans do not subscribe to or routinely watch what I call "real" media, which is established newspapers and network news. Instead they get it second/third/fourth-hand from TikkyTokky or Tweetings or the Book of Face. And that stuff is chock-full of propaganda. And yes, yes, I know, even our "real" media has bias, I fully understand that, but the intelligent reader can usually get past that.

It was a foreign journalist (sorry, can't remember whom) who works for a USA network, on a TeeVee talkshow who said "if all I had to rely on for news was American networks, I'd shoot myself". If you watch a half hour network news program these days, you'll get a story about the floods/snow in CA, the ex-prez going to jail (or not), the banking crisis and a "feel good" story about some kid who did something nice. So maybe 4 minutes of the show will be a lightweight story about the SVB collapse, and a "oh yeah, CS is about to fail, but they're in some other country so we'll skip by that".

What was my point?

Anyway, I think that no major first-world country is going to let any of their banks collapse. They'll guarantee deposits, work out a bail-out, purchase, etc. just like we did over and over before. More regulation isn't really going to help as much as it would if we simply enforced existing regulations, at least in this country.

[EEpro]

Interesting take.

Please write down your "real media" choices below:

[GB-man]

[77T]

Was surprised at the seemingly low price - less than $4B - that UBS paid for CS.

I know the topic is about USA banks but I believe the various traditional international systems are inextricably linked. So much so that the digital crypto and staking methods that were considered “wild” are now gaining greater credence.


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[330ci]

Originally Posted by 77T

Was surprised at the seemingly low price - less than $4B - that UBS paid for CS.

I know the topic is about USA banks but I believe the various traditional international systems are inextricably linked. So much so that the digital crypto and staking methods that were considered “wild” are now gaining greater credence.


Sent from my iPhone using Tapatalk Pro

In the words of UBS it was a necessary acquisition in order to maintain the integrity of the Swiss banking system and to minimize contagion globally.

The price was almost irrelevant according to the article I read.

[vitalsigns]

Originally Posted by EEpro

Interesting take.

Please write down your "real media" choices below:

Exactly. Interesting that anyone still believes legacy/corporate media on *anything* that has any political or normative angle (which is just about everything nowadays, including finance). So-called "real media" is deeply corrupted by the very system it depends on for support and information.

[330ci]

Originally Posted by m j b

Although I disagree with some of the comments here (which is why it is interesting!) I'm very intrigued by the perspective of the non-Americans here, as for what you all see and hear is notably different than what we here in the USA see.

Part of that, most of it really, is pure ignorance, as many (most) Americans do not subscribe to or routinely watch what I call "real" media, which is established newspapers and network news. Instead they get it second/third/fourth-hand from TikkyTokky or Tweetings or the Book of Face. And that stuff is chock-full of propaganda. And yes, yes, I know, even our "real" media has bias, I fully understand that, but the intelligent reader can usually get past that.

https://youtu.be/tN9KAFn1hy8

Beyond that, seems most articles are edited to fit narratives instead of provide factual information in most cases.

It starts at the local level.

Tiktok is probably no more manipulated then the major media news sources.

After seeing what they did to Alex Jones, not surprising anyone tries to bring the truth to the floor. The government has 0 accountability for their misinformation. I couldn't believe how badly they crucified him, and I'm not even a fan.

Just truely believe he has a right to spew what rhetoric he wants.he may not provide factual information 100% of the time, but he truely seems to believe the narrative he provokes when he does it. No difference than any other news anchor spewing lies they believe IMO.

Meanwhile people like Alex Moore can promote whatever biased conspiracies they want because it fits the narrative. Both sides are playing the same game, but only one seems to be censored.

[Maleg]

Originally Posted by vitalsigns

Exactly. Interesting that anyone still believes legacy/corporate media on *anything* that has any political or normative angle (which is just about everything nowadays, including finance). So-called "real media" is deeply corrupted by the very system it depends on for support and information.

Agree. And has been for a long time. The notion that at some point the “main stream media” was unbiased is a fantasy. It has always been a bastion of misguided reporting and propaganda. The MSM reporting led to the the Spanish American war, internment of Japanese Americans, promoted the anticommunist terrors in the 1950’s, helped get us into Viet Nam, and helped get us into Iraq.

In the past there were actual expert opinions that you could trust if you were willing to do the research. But the libraries are all online now, and the search algorithms all corrupted. The masses are easily duped by what is at their fingertips.

[330ci]

Originally Posted by Maleg

Agree. And has been for a long time. The notion that at some point the “main stream media” was unbiased is a fantasy. It has always been a bastion of misguided reporting and propaganda. The MSM reporting led to the the Spanish American war, internment of Japanese Americans, promoted the anticommunist terrors in the 1950’s, helped get us into Viet Nam, and helped get us into Iraq.

In the past there were actual expert opinions that you could trust if you were willing to do the research. But the libraries are all online now, and the search algorithms all corrupted. The masses are easily duped by what is at their fingertips.

The masses are controlled through everything these days, whether its the media they consume, the drugs they take, the leaders they follow or the algorithms pushed through their phone that caters to their minds reward pathways.

I believe the Marijuana strains pushed into society today likely have isolated genetics that antagonize certain thought receptors to mold thought processes. Seems groups of drug users fall under alot of the same belief systems and their only ties are drugs themselves.

I think pot definitely opens the mind up, but with knowledge of what the purpose of MK Ultra was, the fact that plenty of high profile criminals are tied to MK Ultra experiments and even more mysterious deaths that surround the CIAs involvement in the project lead me to believe we're far further along the lines of social and mental manipulation than most realize and are likely capable of mind control in certain environments at this point.

Anyone who speaks out is a loon, seems naive to think that the government wouldn't have these abilities at this point though. Just looking at publicly disclosed recent advancements in MRna & Crispr tech, followed by advancements in human interactive brain chips seems like we've already got a pretty good road map of the brain. And judging by the fact that the government has previously released drugs to the public as forms of social experimentation. I truely believe the roll out of Marijuana nationally is a Government control project.

Wasn't until I started looking into the genetics of some of the best strains that I realized many of them were found at festivals in the early 90s and subsequently grown out and crossed from there; seems to share many similarities of the acid experiments of the 50s and 60s

And if there was no medicinal use, why were they studying effects and in charge of creating some of the strongest genetics known to the world.


Interesting how the counter culture movement clashed with mainstream society in the 60&70s. Much like younger generations are clashing with old today after finding a new level of woke-ness.

[EEpro]

I think the pill pushing and marijuana roll out is more akin to bread and circuses than mind control, but a form of control nonetheless. Keeps you comfortable and complacent with your prescribed level of government sustained poverty.

[Easy E]

Originally Posted by m j b

....., but the intelligent reader can usually get past that.

Negative

I know many otherwise fairly intelligent, hard working people that outright refuse to challenge in any way what their TV (or main stream news source) tells them.