The Feds NEW Non Bail Out Bail Out Program As Other Banks Fail

originally posted by: network dude
It's crickets and chocolate covered ants from here on out.

Fun fact: crickets taste like peanuts.

(the thing that grows on trees, not the comic strip)

originally posted by: AugustusMasonicus

originally posted by: IndieA
Doubtful.

It's a little less likely than 'doubtful'. More like, 'not possible' for the simple reason that the Fed does not have a digital currency ready for launch or even close to ready.

Not yet but amazing how fast things happen when it is deemed a necessity. I heard crickets are actually one of the tastier insects which seems weird as they seem all leggy and crunchy and whatnot.

originally posted by: JAGStorm
Not yet but amazing how fast things happen when it is deemed a necessity.

Even if they decided today to implement this as soon as possible it would be many years off as they don't even have an actual currency or roadmap at this point. It's still only in white paper status.

The FedNow platform which comes out this summer was delayed numerous times and was considered a critical roll out as it is only the second RTP platform in the world after The Clearing House. If they couldn't get this done right, they sure aren't rolling out a digital currency in short order.

I heard crickets are actually one of the tastier insects which seems weird as they seem all leggy and crunchy and whatnot.

They came as a condiment to my Oaxacan pibil tacos. I believe Klaus Schwab created the pairing combination. Or it was the Mexicans. Either way, we're doomed.

a reply to: AugustusMasonicus

They came as a condiment to my Oaxacan pibil tacos. I believe Klaus Schwab created the pairing combination. Or it was the Mexicans. Either way, we're doomed.

Oaxaca is on my bucket list of places to visit, hold the condiments!

Who knows how this will all go down. Can you believe we are three years out from the start of Covid (I think it started sooner but not “officially”)

originally posted by: JAGStorm
Can you believe we are three years out from the start of Covid (I think it started sooner but not “officially”)

And we're still dealing with the poor policy decisions now which is exactly what I said would happen back in 2020. Inflation, supply chain, socio issues, etc.

Western alliance Bancorp going under.

First republic

Customer Bancorp

PACWest

All lining up to go under after Western.





Keep your eyes on 5/3rd Bank.

Irony Strikes Again 😃
Barney Frank Sat on Board for Collapsed Signature Bank

Former Rep. Barney Frank (D-MA), author of the 2010 Dodd-Frank bill, sat on the board for Signature Bank which collapsed in the wake of the Silicon Valley Bank (SVB) implosion.

originally posted by: carewemust
Sunday evening update 3.12.2023

Royal Bank of Canada (RBC) and PNC Financial Group both showed interest in bidding on Silicon Valley Bank on Sunday.

However, things changed after regulators showed interest in bidding on the insolvent financial institution.

FDIC auction was underway on Sunday for Silicon Valley Bank.

The final bids were due on Sunday afternoon.

RBC and PNC Financial Group backed out of talks to bid on Silicon Valley bank as regulators sought bids.

More at: www.thegatewaypundit.com...

I read on Zero Hedge this morning that the Bank of England purchased Silicon Valley Bank's UK operations for the princely sum of 1 pound.

You don't need Star Trek's universal translator to know what that means: It was worthless crap, and the UK government had to literally drop it at BoE's feet and beg them to pick it up.

a reply to: AndyFromMichigan

So it seems, many other Tier 2 banks are in a similar position.

Step 1: Executive Order 14067
Step 2: Project Cedar
Step 3: D-I-G-I-T-A-L $$$$$
This whole project is much more developed than most people realize or know.
In fact it could be activated in less than 3 financial quarters!
Stock up on things that can be used for trade and barter


a reply to: AugustusMasonicus

originally posted by: amicusbrief
This whole project is much more developed than most people realize or know.

Actually, I do know, I work with them. It isn't even close to implementation.

originally posted by: AndyFromMichigan

originally posted by: carewemust
Sunday evening update 3.12.2023

Royal Bank of Canada (RBC) and PNC Financial Group both showed interest in bidding on Silicon Valley Bank on Sunday.

However, things changed after regulators showed interest in bidding on the insolvent financial institution.

FDIC auction was underway on Sunday for Silicon Valley Bank.

The final bids were due on Sunday afternoon.

RBC and PNC Financial Group backed out of talks to bid on Silicon Valley bank as regulators sought bids.

More at: www.thegatewaypundit.com...

I read on Zero Hedge this morning that the Bank of England purchased Silicon Valley Bank's UK operations for the princely sum of 1 pound.

You don't need Star Trek's universal translator to know what that means: It was worthless crap, and the UK government had to literally drop it at BoE's feet and beg them to pick it up.

Zero Hedge is garbage.

I read that the UK branch of SVB was purchased by HSBC, and I highly doubt that it was purchased for 1 pound.

HSBC buys SVB’s UK business, ending ‘nightmare’ for British tech

And I'm wrong, except as far as I know HSBC is not the Bank of England.

HSBC, Europe’s biggest bank, announced the £1 ($1.2) deal early Monday morning, saying it would be effective “immediately.”

Relax, Biden says it's going to be okay.

(dramatic pause)

originally posted by: DBCowboy
Relax, Biden says it's going to be okay.

(dramatic pause)

Dang it, I came here to tell everyone what he said, too.

I'm glad it was you who beat me to it.

This isn't over quite yet.

Yellen needs to resign, along with her side kick.

Incompetence? Perhaps, but it appears intentional.

They knew raising the interest rate over 500 basis
points in a year would bring this about.

Perhaps China Joe is to blame? Or Jill? Or most
likely, he could have been taking orders from his
druggie son as Hunter bragged he did.

Having been an insider on many projects that at the time were considered controversial I appreciate your feedback but as I am certain you are quite aware of almost all if not all of the technology required (block chain, atomic settlement, etc) is already tested, proven and just needs assembled into a platform. Mostly the political aspects need a lot of hashing out.
Thanks for your feedback
a reply to: AugustusMasonicus

a reply to: amicusbrief

What is 'atomic settlement'? And I am fully aware that the primary components exist elsewhere, that doesn't mean the Federal Reserve has the capability to launch a digital currency rapidly. Like I said, with FedNow they fine-tuned that for years before it was ready to ensure that it worked properly. They aren't tossing out a game changer like a digital currency overnight so it can explode and not function correctly.

a reply to: burntheships

Anyone wonder if this is being done on the back of Trumps Executive Order. Look at whats being hit.

a reply to: purplemer

They might try and use it as an excuse.....

Apply some reason to the situation and interject some
facts. This IS a bail out!

The official propaganda coming out of the administration, and from the usual Fed fanboys, is that this is “not a bailout.” That’s a lie. The new steps being taken by the Fed and by the Treasury are indeed ultimately bailouts for billionaires and other wealthy depositors. Moreover, this new program will require at least a partial return of quantitative easing. There’s no way to guarantee such huge sums of money without having to fall back on inflationary monetary policy yet again. This also means price inflation won’t be going away.

mises.org...

Who is going to pay for this? You!