“You will find out this is all true regarding “off balance sheet” assets when the smoke finally clears from total collapse. It was true in 1929, true in 2008 and multiples worse now. You do understand that these derivatives all need collateral to exist, right? “Whose” collateral do you think it is? Do you now understand the “you will own nothing” part?”
Wall Street’s Megabanks Have Trillions of Dollars Off-Balance Sheet, in a Replay of Accounting Hubris that Led to the 2008 Wall Street Collapse
When the Financial Crisis Inquiry Commission released their final forensic report on the causes of the 2008 financial collapse on Wall Street – the worst collapse since the 1929-1932 collapse – it pointed to hidden leverage in off-balance sheet entities at the megabanks on Wall Street as a key driver of the crisis.
“Unless someone can show me this is a deepfake, “some folks” should hang from the neck…and if I recall correctly, isn’t this the stuff of the first impeachment?”
John Kerry admits to COUP against Ukraine & USA in backroom meeting.
"All of us in the Obama administration were working to remove the Ukraine Prosecutor"
What part did Biden & Obama play in installing Zelensky COUP puppet administration in Ukraine? pic.twitter.com/ZJrmjURgox
“Maybe the “college students” are protesting the wrong thing?”
EXCLUSIVE: CDC Found Evidence COVID-19 Vaccines Caused Deaths
U.S. Centers for Disease Control and Prevention (CDC) officials found evidence that the Pfizer-BioNTech and Moderna COVID-19 vaccines caused multiple deaths before claiming that there was no evidence linking the vaccines to any deaths, The Epoch Times has learned.
CDC employees worked to track down information on reported post-vaccination deaths and learned that myocarditis—or heart inflammation, a confirmed side effect of the vaccines—was listed on death certificates and in autopsies for some of the deaths, according to an internal file obtained by The Epoch Times.
Turkey Halts All Trade With Israel Over War in Gaza
Turkey stopped all trade with Israel as of Thursday, according to two Turkish officials familiar with the matter, adding to already high-running tensions between the once-close allies over the war in Gaza.
The move expands last month’s restriction on some Turkish exports to Israel, as President Recep Tayyip Erdogan steps up criticism of the Jewish state and tries to consolidate support among conservative voters at home.
“I have to wonder what the over/under is on the amount of cars that will be leased/bought? A couple hundred?”
Wacky in Washington: Inslee buying electric vehicles for ‘low-income’ residents, paid for by taxpayers
One strategy for state officials looking to transition Washington’s transportation sector to electric vehicles is by subsidizing them with taxpayer dollars.
This week, Gov. Jay Inslee announced $45 million in subsidies through a Department of Commerce grant program for families deemed “low-income” to purchase an EV.
“Washingtonians really get it when it comes to electric vehicles,” Inslee said at a Wednesday news conference in Tukwila.
“So an insolvent central bank, and insolvent treasury …issue the world’s reserve currency and act as foundation for the global financial system in the West. You do understand at this point it is just math?”
“In fact, total Federal Reserve capital is just $51 billion… versus $948 billion in losses. This means the Fed is insolvent 19 times over.”
The Fed’s Game of “Make Believe” Comes to an End
It’s barely been a year since the 2023 bank crisis in which several large banks, including Silicon Valley Bank and Signature Bank, failed.
But it’s been quiet for most of the last year; the banking system has been pretty calm thanks in large part to an emergency program that the Federal Reserve created to bail out other troubled banks.
“Blinken is playing Russian roulette with one in the chamber! Maybe we should send a general wearing a dress to scare the shit out of them?”
China vows retaliation over US ‘bullying’
Beijing has warned that anti-China legislation signed into law last week by US President Joe Biden will lead to “forceful” retaliatory steps if Washington doesn’t change its course on the hostile initiatives.
Home Prices Stagnate in Florida and Texas as Supply Soars
On the west coast of Florida, housing supply is surging, sellers are cutting their asking prices and the time it takes to sell a home is soaring—all at a faster rate than anywhere else in the U.S. The story is similar in parts of Texas.
Florida and Texas have been building more homes than anywhere else in the country, partly to accommodate the flood of newcomers that showed up during the pandemic homebuying boom. But the boom is over, in part because many people have been priced out. Now, homes are sitting on the market and price growth is stagnating.
“The Only Safe Asset” – Chinese Consumers Overtake India In Gold-Buying Frenzy
In November 2023, with gold trading around $1900/oz, we highlighted the beginning of a precious metal buying-binge from China, noting that the prcie for physical gold had never been more expensive at the time (while western gold prices were still below their prior record highs).
“If THIS was published in a mainstream publication, you had better PAY ATTENTION! They are already speaking of clearinghouse failures and bail ins, what more do you need to know?”
Regulators told to be ready to handle failed clearing houses
LONDON, April 25 (Reuters) – Regulators must equip themselves with tools such as “bail-in” bonds to deal quickly with a failed clearing house for stocks, bonds or derivatives without having to call on taxpayers for cash, the G20’s risk watchdog said on Thursday.
After the global financial crisis of 2007-09, regulators mandated clearing for a wider range of derivatives, meaning they must pass through a clearer backed by a default fund to ensure completion of trades.
“This is obviously huge news! I am still wrapping my head around “why” and what it means? My very first thought was that DTC does not want a collateral implosion that affects the entire daisy chain (good luck with that!). My guess is they know bubbles revert to and below the mean and ultimately finds its intrinsic value? What is the intrinsic value of a (any) cryptocurrency? And they just within the last year elevated gold to “tier one” status on balance sheets. Curious? I do not think so…”
EFFECTIVE TUESDAY, DTC TO ASSIGN 100% HAIRCUT TO ALL CRYPTOCURRENCY INVESTMENTS⚠️
FIRMS WILL NO LONGER BE ABLE TO UTILIZE CRYPTO AS COLLATERAL, INCLUDING ETFS AND OTHER SPOT PRODUCTS. pic.twitter.com/gRfbdG8ZYm
“Our pal Pastor Stanley on the “Great Taking”. Please understand this is NOT SPECULATION, the laws are already on the books to take EVERYTHING you think you own!”
‘Bail-In’ Bonds Will Bail-Out Failed Derivatives Contracts Comprised of Clearing House Holding Which You ‘Own’ as ‘Beneficial Owner’-Your Broker Never Told You Who Owns What You Paid For
Why would a Clearing House fail? Because the assets as part of large trades that are being ‘cleared’ are contracts that for some reason (like a nuclear event or World War III) cannot be fulfilled and the contract fails.
BillHolter.com 