Bill’s commentary:
“They’re Taking America and System Down.”
Precious metals expert and financial writer Bill Holter is looking at what is going on with the financial system and says there is not really an effort to save it. Holter thinks the moves they are making are designed to take the financial system down, and along with it, they want America destroyed too.
Bill’s commentary:
“And again, how exactly do you starve a Ponzi scheme?”
The U.S. banking crisis, which has claimed a few victims since March, is the direct result of the Fed’s fight against high Inflation. Uncertainty about the health of regional banks and rising yields in the money market led to a steady outflow of deposits, bringing banks’ balance sheets to their knees.
Bill’s commentary:
“The new rocket science?”
The recent spate of bank failures is upending a long-held theory among banking executives and regulators—that the value of a lender’s deposit business goes up when interest rates move higher.
The theory rests on an assumption: That banks don’t have to pay depositors much to keep their money around, even as rates rise. The deposits would be a stable source of low-cost funding while the bank earned more money lending at higher rates.
BillHolter.com 