Godlike Productions - Discussion Forum
Users Online Now: 1,745 (Who's On?)Visitors Today: 350,750
Pageviews Today: 598,590Threads Today: 290Posts Today: 4,024
07:06 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Yellen Initiates Magic Money Printer Solution for Banking Crisis After FDIC Shuts Down Another Bank Sunday

 
Coastie Patriot

User ID: 80939887
United States
03/12/2023 11:53 PM

Report Abusive Post
Report Copyright Violation
Yellen Initiates Magic Money Printer Solution for Banking Crisis After FDIC Shuts Down Another Bank Sunday
Yellen Initiates Magic Money Printer Solution for Banking Crisis After FDIC Shuts Down Another Bank Sunday
This all has the feel of a manufactured and semi-controlled demolition of our nation's economy.

by JD RUCKER March 12, 2023 in News Reading Time: 4 mins read
5
At a time when the U.S. government should be making massive spending cuts and reversing their woke ESG agenda to stabilize the economy, they’re instead doubling down on bad policies and switching on their favorite “solution” to financial problems: Printing more money.

Following the earthshattering fall of Silicon Valley Bank on Tuesday, fear of more carnage prompted actions by other banks. Now, the FDIC has shuttered another bank on the other coast, making massive turbulence in the coming weeks a certainty.

“Nations, states, and central banks are quietly but rapidly shifting their money to precious metals. With bank runs, recession, CBDCs, and worse on the horizon, it’s easy to see why. NOW is the time to learn more about moving portions of your retirement or wealth to a self-directed gold and silver IRA through an America-First, Christian precious metals company.” – JD Rucker (not a financial advisor, just a guy who’s paying attention)
Regulators have shut down New York’s Signature Bank for the same basic reasons they took down Silicon Valley Bank. According to Red State:

The move to shutter the second bank is seen in the financial world as a race to contain the fallout from SVB’s collapse. The Fed is trying to auction the bank’s assets off, accepting bids until Sunday night. There is concern in Washington D.C. that this is the beginning of a bigger financial crisis, one that could rival the Global Financial Crisis from the Bush and early Obama years. The worry from folks like my colleague Streiff is that this is a very big and very slippery slope toward nationalizing the financial markets.

The Fed, in its release, is trying to convince Americans that this is limited to just a depositor bailout and not a greater handout to shareholders and other debtholders, saying “Shareholders and certain unsecured debtholders will not be protected” and that “Senior management has also been removed.”

Treasury Secretary Janet Yellen initiated an emergency series of policies. The most noteworthy is to remove the $250,000 limit on FDIC depositor insurance. This will allow big money depositors at these two banks to not be harmed. To be able to do this without putting the burden on taxpayers means printing more money. This is why in Yellen’s press release she noted that they are working with the Fed to offer a bailout to depositors.


Washington, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:

Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.

After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.


[link to jdrucker.com (secure)]

Last Edited by Coastie Patriot on 03/12/2023 11:54 PM
Coastie Patriot
SIC SEMPER TYRRANIS

THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!!

Dr Thaddeus They
They don't really care whether the truth gets out, because the public no longer knows what's meant by "the truth."

Well, I mean, no one can tell the difference anymore between what's real and what's fake.

Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.-
X Files: Lost art of Forehead Sweat

A gun is a tool, Marion, no better or no worse than any other tool, an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that.
-SHANE-

Jefferson Smith: You see, boys forget what their country means by just reading The Land of the Free in history books. Then they get to be men they forget even more. Liberty's too precious a thing to be buried in books, Miss Saunders. Men should hold it up in front of them every single day of their lives and say: I'm free to think and to speak. My ancestors couldn't, I can, and my children will. Boys ought to grow up remembering that . - MR Smith Goes To Washington-

to grow up remembering th

My oath to support and defend the constitution against all enemies foreign and domestic has no expiration date!!!

Ten Bears : It's sad that governments are chiefed by the double tongues. There is iron in your words of death for all Comanche to see and so there is iron in your words of life. No signed paper can hold the iron. It must come from men. Outlaw Josey Wales
Anonymous Coward
User ID: 84034509
United States
03/12/2023 11:59 PM
Report Abusive Post
Report Copyright Violation
Re: Yellen Initiates Magic Money Printer Solution for Banking Crisis After FDIC Shuts Down Another Bank Sunday
Metaltards are like MyPillow but with gold and silver

Metaltardssidewaysthe results of their dumb investments
Anonymous Coward
User ID: 81081561
03/13/2023 12:00 AM
Report Abusive Post
Report Copyright Violation
Re: Yellen Initiates Magic Money Printer Solution for Banking Crisis After FDIC Shuts Down Another Bank Sunday
Metaltards are like MyPillow but with gold and silver

Metaltardssidewaysthe results of their dumb investments
 Quoting: Anonymous Coward 84034509


3 banks collapsed this weekend and your like “don’t buy gold”

cruise
beeches

User ID: 78973486
United States
03/13/2023 10:18 AM

Report Abusive Post
Report Copyright Violation
Re: Yellen Initiates Magic Money Printer Solution for Banking Crisis After FDIC Shuts Down Another Bank Sunday
bump
Liberalism is totalitarianism with a human face – Thomas Sowell
Anonymous Coward
User ID: 84391780
United States
03/13/2023 10:19 AM
Report Abusive Post
Report Copyright Violation
Re: Yellen Initiates Magic Money Printer Solution for Banking Crisis After FDIC Shuts Down Another Bank Sunday
[[[Yellen]]] ratdance





GLP