BillHolter.com

Bill’s Commentary:

“They are telling you flat out about “The Great Taking”!”

Operational guide to bail-in resolution

This publication describes how the Bank could execute a bail-in resolution, and the operational processes and arrangements that may be involved in this.

Purpose of the guide

1.1 The Bank of England (the Bank), as the UK’s resolution authority, is responsible for taking action to manage the failure of certain financial institutions, including UK headquartered banking groups and UK-incorporated banks and building societies (together, firms),^footnote[1] a process known as ‘resolution’. Resolution allows the shareholders and unsecured creditors of failed firms to be fully exposed to losses, while ensuring the critical functions of the firm can continue and helping to preserve financial stability. Resolution reduces risks to depositors, the financial system, and public funds that could arise due to the failure of a firm. By ensuring losses will fall on a failed firm’s investors, rather than depositors or taxpayers, resolution can both reduce the risk of firm failures by supporting market discipline and limit the impact of failure when it does occur.

Read more here…

Bill’s Commentary:

“A good one by John Rubino”

AI Layoffs: Prisoner’s Dilemma + Red Queen = Unavoidable Depression

Academia is starting to analyze “AI layoffs,” and the result is not pretty. A recent study seems to conclude that another Great Depression is unavoidable.From an X post summary, with a few links added for context:

Two researchers from UPenn and Boston University just published a paper called “The AI Layoff Trap”.

They proved something terrifying..

Every company replacing workers with AI is also firing its own customers.. Every laid-off employee is someone who used to spend money.. When enough people lose their jobs.. Nobody can afford to buy anything.. And the companies that fired everyone go bankrupt selling products to an economy with no purchasing power..

Every CEO can see this coming.. The math is obvious.. Fire workers.. Lose customers.. Lose revenue.. Collapse..

But here’s the trap..

No company can afford to stop.