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WATCH: Alternative Solutions to the Banking Crisis – #SolutionsWatch

Ellen Brown, frequent Corbett Report guest and author of The Web of Debt and Banking on the People: Democratizing Money in the Digital Age, joins James to discuss her latest articles on the bank runs that are leading us toward the event horizon of the quadrillion-dollar derivative black hole.

Sources, shownotes and links – as well as audio versions and download options – can be found here. Previous episodes of #SolutionsWatch can be found here and here.
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p.brooksmcginis
p.brooksmcginis
Mar 28, 2023 6:08 PM

WHO Totalitarism?https://rumble.com/v2cu9h2-who-totalitarism-with-prof.-michel-chossudovsky-james-roguski-and-matthew-e.html
All War is Evil. No More War
Stop Paying Income Taxes

p.brooksmcginis
p.brooksmcginis
Mar 28, 2023 6:07 PM

What is Inflation-Professor Wollf
https://www.youtube.com/watch?v=EJCDCPBzXuc
All War is Evil. No More War

The Bankers Plan for All of Us
https://www.bitchute.com/video/KPzf9BOGdcw5/
All War is Evil. No More War

What You should Know about the Federal Reserve by Peter Shift
https://www.youtube.com/watch?v=5AJv662OJVQ
No More War. Peace & Liberty Not War. No More War.

The Federal Reserve is a Criminal Organization Owned by Evil World Elite
https://www.facebook.com/permalink.php?story_fbid=399939930652347&id=100019090291384
No More War. No More War. No More War. No More War.

Ron Paul & the Federal Reserve
https://www.bitchute.com/video/zxxqQvnGAzY/
All Wars are Evil

Liberty & Freedom or the Federal Reserve?
https://www.youtube.com/watch?v=XdWU0j1Z6Mg
All wars are Banker Wars.

Crooks Control the Federal Reserve
https://www.youtube.com/watch?v=XRQecD-Gopg
All wars are Banker Wars.

All Wars are Bankers Wars
https://odysee.com/@TGHeretic:7/All-Wars-are-Bankers'-Wars:f
All War is Evil. No More War

Renate
Renate
Mar 28, 2023 12:29 AM

Skills and knowledge, the most valuable asset anyone can have.

Sgt Oddball
Sgt Oddball
Mar 27, 2023 10:46 PM

…- Alternatives to the banking crisis:… …- Compel Nuremberg 2.0 Common Law Tribunal, laying out evidence demonstrating proof of the hoax/psyop nature of ‘Event Convid’… …- Lay out evidence inculpating the Bankster/Gark’ class as ringleaders and instigators of the aforementioned plot, viz: – Repogeddon, Sep, 2019/imminent banking system meltdown, etc., and *Everyone Else* on down the marching-orders food chain so involved… – Lay out evidence demonstrating the afforementioned plot constituted a prima facie Human Rights/War Crime *Of The Gravest Magnitude*, given the whole amounted to a de facto declaration and waging of war (by biochemical means) upon the *Entire Human Race*, during which *Multiple* fundamental human rights were *Systematically And Comprehensively* violated, *En Masse*… …- Pass *Appropriate* judgement *And* sentencing for these crimes, per Nuremberg and Geneva codes and conventions, and those deriving from them… …- Hang Banksters and Garks (‘specially Pharma Bros’ and ‘Cost of Living’/’supply chain disruption’ speculators),… Read more »

Sgt Oddball
Sgt Oddball
Mar 27, 2023 10:59 PM
Reply to  Sgt Oddball

…- Ok then – Not *Too Much*: – Add Usury and *Any* form of fraud-based issuance of credit (ie: *Debt*) to the TBD common law statutes as a *Capital Crime* amenable to the *Appropriate* penalties for same, in recognition that both of these are socially/civilizationally *Caustic* corrosives on the same level as WMDs…

Ronald
Ronald
Mar 27, 2023 10:27 PM

A government that represents the people….hmmmm, re presents the people as what one wonders?
Persons perhaps?
Tried that. No joy in it, nor life
Let the dead bury the dead….

The Coming Revolution
The Coming Revolution
Mar 27, 2023 11:28 PM
Reply to  Ronald

I’m afraid the raison d’être of Government everywhere is mistrust in human nature.

The Coming Revolution
The Coming Revolution
Mar 28, 2023 4:11 AM

*distrust

George Mc
George Mc
Mar 27, 2023 4:26 PM

Gold, n. A yellow metal greatly prized for its convenience in the various kinds of robbery known as trade. The word was formerly spelled “God”—the I was inserted to distinguish it from the name of another and inferior deity. Gold is the heaviest of all the metals except platinum, and a considerable amount of it will sink a man so much more quickly and deeply than platinum will that the latter is made into lifebelts and used as a lifting power for balloons. British gold, an imaginary metal greatly used in the manufacture of American traitors to the patriotic axiom that two and two are five.

Ambrose Bierce. The Devil’s Dictionary

Sgt Oddball
Sgt Oddball
Mar 27, 2023 11:28 PM
Reply to  George Mc

…- That being said, it does however have the advantageous fundamental property of being strictly finite in quantity… – Would you prefer monopoly money (- per rule #11*)?…

*: https://www.reddit.com/r/Bitcoin/comments/ep2qsb/the_federal_reserve_if_you_dont_understand_how_it

Paul Vonharnish
Paul Vonharnish
Mar 27, 2023 3:14 PM

Why John F Kennedy was executed: >

Executive Order 11110 – June 4, 1963 – JFK vs. Federal Reserve
Published by The Foundation for Truth in Law
JFK VS FED (foundationfortruthinlaw.org)

An interesting scenario comparing banking practice to the spreading of manure. >>>

DEBT: How The Federal Reserve System WorksSeptember 27, 2019
DEBT: How The Federal Reserve System Works | The Liberty Beacon

Paul Vonharnish
Paul Vonharnish
Mar 27, 2023 2:56 PM

Tennessee Governor Signs Bill to Protect State Funds with Gold and Silver
March 24, 2023
Tennessee Governor Signs Bill to Protect State Funds with Gold and Silver – Activist Post

Several other states are considering their own sound money bills this month, including AlaskaIdaho, MaineMissouriMississippiSouth CarolinaVermont, Iowa, Kentucky, Oregon, and more.

What a concept. Assets backed by physical reality, rather than economic mysticism…

Penelope
Penelope
Mar 27, 2023 8:34 PM

Wonderful, Paul. I’m glad to see Governors taking their jobs seriously. However I don’t see how you can protect some dollars and not others, so I still say we need another currency completely apart from the dollar. I really don’t think it’s necessary to back it w a precious metal; I even think inflating the currency is OK so long as said inflation doesn’t outstrip the growth of the economy, products, etc. If the dollar had remained gold-convertible TPTB would have found a way to be in possession of all the gold, so I’m not sure that convertibility buys you any security, although the symbolism might be worth a lot in our circumstances. I say our initial security requires TWO factors: sound money apart from the dollar and sound, secure vote count at the polls. With these two I’m confident we’d soon see the take-off of the movement for dissemination… Read more »

EarlofSuave
EarlofSuave
Mar 27, 2023 1:53 PM

Why is the Irish pound called the punt?

Because it rhymes with bank manager.

That said, we actually need more banks, local community banks. Owned by the people, for the people. Peace to the banking shacks! War on the banking palaces!

Sgt Oddball
Sgt Oddball
Mar 27, 2023 11:33 PM
Reply to  EarlofSuave

…- Why? – Is the bank manager called ‘Hunt’?… – Are they a runt… – I’m drawing blanks here, help me out!…

…- Amen to your last point, tho’ – community credit union co-op trusts/mutuals *Publically Owned*… – Issue your own currencies, people!… – Not a law in the world to stop you (yet… 😉 )

rubberheid
rubberheid
Mar 28, 2023 9:31 PM
Reply to  Sgt Oddball

poont on..

Straight Talk
Straight Talk
Mar 27, 2023 12:32 PM

Money is a public utility and should never have fallen under the control of private central banks. Now the creditor class has replaced normal government investment in public purpose (fiscal policy) and seeks to become the sole creator and controller of money by first hollowing out governmental departments until nation-states are completely dissolved and the world can be run as a corporate collective entity. The Collective West vs. Traditional Values “…the plutocratic elites are the only ones with a clear motive, almost unlimited means, and the opportunity to create an unconventional and unnatural ideological system that will serve only their interests and which will be impossible to question. It would be very naive to think that this monstrous ideology is an internal problem only for those countries that practice it, because its creators, financiers, and advocates have hegemonic, imperialist, and neocolonialist plans and ambitions for which it was created after… Read more »

S Cooper
S Cooper
Mar 27, 2023 3:40 PM
Reply to  Straight Talk

“Elite? War Racketeering Corporate Fascist Eugencist Oligarch Mobster Psychopath Criminals are anything but that.”
comment image

“A big shout out to the people of France. Turn sockpuppet Mini Hitler and his Grandma into piñatas.”
comment image

“The Pyscho Nazi’s need to go, NOW!”

Peter Jennings
Peter Jennings
Mar 27, 2023 4:58 PM
Reply to  S Cooper

That first picture shows all one needs to know.

Sgt Oddball
Sgt Oddball
Mar 27, 2023 11:36 PM
Reply to  S Cooper

…- Ahhh… – Fuck ’em if they can’t take a joke…

(…- Dinosaurs > That *One* Comet, When… 😉 )

Erik Nielsen
Erik Nielsen
Mar 28, 2023 1:44 AM
Reply to  S Cooper

Rockefeller was a smart man. Meet a lot of people, saw a lot of societies around the world.
Had a lot of people willing to obey and do everything he demanded running in his butt for money. Interesting question:
Could he have had some good reasons to wish people the sheeple all dead?

Antonym
Antonym
Mar 27, 2023 11:56 AM

Age old gold, its price now only subdued due to NYC Comex manipulations to protect the U$.

Sgt Oddball
Sgt Oddball
Mar 27, 2023 11:50 PM
Reply to  Antonym

…- On point, Antonym…

…- Comex as well as the *Entire* LBMA and adjacent frauds is a *Freakin’ ***GARGANTUAN*** Ponzi Scheme*!!!…

…- *Tick, Tock, Tick, Tock, Tick, Tock, Tick, Tock, Tick, Tock, Tick*…

…(…- I could wax lyrical on the rest of the handful-*Quadrillions* derivatives complex, hanging like the proverbial Sword of Damocles above the feast, but I won’t here… – Can you spell ‘Rehypothecation’, then define that term, then describe what’ll happen when a handful of gold ETFs get margin-called, like the recent SVB/Signature bank-run shitshow, only with *Completely Fucked-Up* counterparty collateral chains where nobody knows who owns, *Or Owes* what, and the whole damn ship capsizes?… XD XD XD…)

Edwige
Edwige
Mar 27, 2023 11:46 AM

I’m reading Niall Ferguson’s ‘THe Ascent of Money’.Ferguson says people don’t like bankers for three reasons – debtors resent creditors, occasional crises and racism. He doesn’t mention a fourth reason – the credible evidence that so-called elite finance have been engaging in a conspiracy for well over a century. Much of the evidence comes from Carroll Quigley, for example: “The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences”. I look up Quigely in the index and references and of course he’s not there. Nobody’s telling me Ferguson doesn’t… Read more »

fertility
fertility
Mar 27, 2023 1:18 PM
Reply to  Edwige

Usury.

Lord Rothschild
Lord Rothschild
Mar 27, 2023 11:35 AM

1. Government solution is CBDC.
2. People’s solution is Bitcoin.
3. Real solution is Privacy cryptos, which don’t reveal balances, purchases,or donations, like Bitcoin.
The only cryptos that maintain complete privacy are Monero, Dero, and Pirate Chain.
You better get a little of each in case government and banks go banana republic.

semaj
semaj
Mar 27, 2023 7:47 PM

Peoples solution is just stop complying with their shit.

Sgt Oddball
Sgt Oddball
Mar 27, 2023 11:55 PM

…- I dunno about you… – My solution is trading fags for homebrew:… 😉

#PrisonCurrenciesFTW

Erik Nielsen
Erik Nielsen
Mar 28, 2023 1:51 AM

Gold, silver and copper. You can make coins of all these 3 metals in your garage.

Easy trade, easy exchange, easy accessible commodity and true physical value.
If government participate in our civilisation they can get a few dime from the stake.

KISS Keep It Simple Stupid. I fixed it for everybody on this planet once and for all!.

stella
stella
Mar 27, 2023 10:31 AM

This is the solution from Y.Varoufakis from DiEM 25 Greece. He is talking about the CBDC at least as I understand, presenting it as a socia friedly solution against the antisocial cartel of banking system. He make this comparison “Coal miners have found out the hard way that society does not owe them a permanent subsidy to damage the planet. It is time for bankers to learn a similar lesson”

Sunface Jack
Sunface Jack
Mar 27, 2023 10:50 AM
Reply to  stella

So, I wonder where all the glass came from for the bakers to slurp their whisky?
Coal and Silca make glass.
How about the windscreens in the EV’s?
Oh how about solar panels? They don’t realise that the Photocell in PV is made from silica glass
Sometimes there is no help for stupid people.

Stella
Stella
Mar 27, 2023 5:20 PM
Reply to  Sunface Jack

Absolutely !

Corarden
Corarden
Mar 27, 2023 1:03 PM
Reply to  stella

….makes a lot of sense, seeing as it is exactly what the BIS have told us they want to implement. Bankers have always implemented things that will make the world a better and more harmonious place. When the bank of banks says such a thing, we know that everything is going to be ok and super, and we don’t have to worry about things at all.

Stella
Stella
Mar 27, 2023 3:31 PM
Reply to  Corarden

Hope you’re joking !

Sgt Oddball
Sgt Oddball
Mar 27, 2023 11:58 PM
Reply to  Corarden

…- The BIS is Mother, The BIS is Father… – Sasuga, BIS-Sama!…

Erik Nielsen
Erik Nielsen
Mar 28, 2023 2:02 AM
Reply to  stella

Y fakis is not the brightest head in a public schools classroom you could find.

Our centre earth consist of floating lava burning coal, gas and oil to the upper layers.
Thus coal is a natural part of combusting and for same human use. If someone doesnt like the coal dust in the area, there are plenty of engineering made filters.

Pls dont destroy a discussion with this fakis leftist crybaby attitude to coal. China recently opened 8 coal factories again under our banker scam energy crisis.

stella
stella
Mar 28, 2023 11:09 AM
Reply to  Erik Nielsen

I didn’t put the link of stupid varoufakis because i agree with him, I want to point out that the politicians are starting to talk about the CBDC as a solution and that’s isn’t good news

Erik Nielsen
Erik Nielsen
Mar 28, 2023 12:20 PM
Reply to  stella

I apologize. I read your comment wrong and agree with your conclusion.

Stella
Stella
Mar 28, 2023 1:05 PM
Reply to  Erik Nielsen

Accept!

rubberheid
rubberheid
Mar 28, 2023 9:41 PM
Reply to  stella

there is something very wrong with this comparison.

it’s just let them eat cake, again.

subsidised industries, ffs, wherever not for the profiteering few? no, blame it on them dirty workers, sniff

A4E etc WINDFARMS! etc the list is endless, timeless, warmongering.. . . . . . . .

“coal miners have found the hard way,..” fuck off.

Penelope
Penelope
Mar 27, 2023 7:09 AM

As of Dec 31, 2022 Deposit Insurance Fund stood at $128.2 Billion– 1.2% of all INSURED deposits. And w Silicon Valley they extended the insurance to the UNINSURED, too.

https://warnews247-gr.translate.goog/ektakti-sygklisi-stis-ipa-katarreei-to-dytiko-chrimatopistotiko-systima-sta-prothyra-chreokopias-i-deutsche-bank-pyriniko-pligma-kai-sti-ubs/?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en

is an interesting banking article. I think it’s possible to construe what’s happening as “on purpose.” If so, why, what’s the rush in getting to the next (programmable money) step?
The only positive spin I can put on such a possibility is that the cabal is alarmed at the degree of public awakening.

I continue to be surprised at the degree to which you all find people to be still sleeping. Everywhere I go I ask people what they think, whether they trust govt or media, whether they think they were told the truth about covid, what’s behind the hike in food prices, etc
I don’t often get a deeply knowledgeable answer, but most are in the right direction.

martin
martin
Mar 27, 2023 8:32 AM
Reply to  Penelope

I keep off the subject as I assume (wrongly perhaps) it is all or nothing. They will just call or think me a CT and I would rather keep some limited common interest or family relationship going. Actually I feel cut off by it. An intelligent inquiry into what they think, as you suggest would be much better. But then I find I don’t care what they think if they have not bothered to look into it.

Penelope
Penelope
Mar 27, 2023 8:59 PM
Reply to  martin

Martin, a lot of people need encouragement to tell you what they think, especially stranger-to-stranger. But these topics ought not be verboten; how are we to be good citizens if we never exchange views & information? In the grocery or gas station I will generally catch a stranger’s eye & say “Wow, somebody’s making money on these prices, and it ain’t us.” Thus, I’ve aligned the two of us together against larger forces. They generally respond in agreement & I then ask, “What do YOU think is going on about this covid thing?” Or, if they seem a little less enthusiastic about conversing I’ll stick to the same subject, “Why do you think we’re seeing these prices?” If you draw people out as to what THEY think they’re MUCH more interested in any bit of info you can plant or a reference to an easily-remembered website. I find that it’s… Read more »

martin
martin
Mar 30, 2023 3:07 AM
Reply to  Penelope

Thanks Penelope, I got talking to a guy on the bench outside a supermarket who did pipelne inspections and I asked and so what do you think about what happened in the Baltic Sea? But unfortunately time ran out when his wife came out. We shook hands and I forgot his name,I should have got his facebook or something though im not on it. it’s hard to build community, though he lived nearby.

CK_
CK_
Mar 27, 2023 2:53 AM

Greg Mannarino and Ed Dowd both predict massive consolidation in the banking system in preparation for CBDC. It’ll either happen quickly (uncontrolled collapse) or over several years (controlled collapse). Dowd also predicts an emergency rate cut by June.

https://gregorymannarino.substack.com/p/central-banks-must-now-hyperinflate

Loverat 8
Loverat 8
Mar 27, 2023 7:53 AM
Reply to  CK_

You would think that interviewer (I think she’s from KITCO) would have sussed out the financial collapse plan given shes had those guests on. Additionally Gerald Celante was on who she seemed to treat as some old eccentric. You do often wonder if they are a bit stupid or know but simply don’t wish to hear the truth

Sgt Oddball
Sgt Oddball
Mar 28, 2023 12:03 AM
Reply to  Loverat 8

TFW: KITCO With the whole ‘Fed’s Gonna Pivot’ narrative…

(G O L D B U G G E R) C O N T R O L L E D O P P O S I T I O N
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Thom Crewz
Thom Crewz
Mar 28, 2023 1:02 AM
Reply to  CK_

Richard Wollf, Steve Keene, and Michael Hudson are better.

niko
niko
Mar 27, 2023 1:46 AM
Berlin Beerman
Berlin Beerman
Mar 26, 2023 11:34 PM

Hate to say it …. Bitcoin. China, Russia and a bunch more have decided to ditch the US dollar in favour of gold backing their currencies. Trade between them will now occur in their currencies and soon that will evolve into a currency that will be backed not only by the resources they trade in but also in gold, Bitcoin and perhaps even the US dollar. The US dollar is not going anywhere anytime soon however its hegemony is over. It’s no longer going to be the reserve currency. Ukraine was the pawn in the game. The US and UK thought they had this figured out, their stupidity played right into the trap.The World needed an excuse to divorce but it equally required Europe to decouple from NATO and the UK. The EU as it stands now will implode. A more effective version will arise from the ashes. I still… Read more »

Jeffrey Strahl
Jeffrey Strahl
Mar 27, 2023 5:26 AM
Reply to  Berlin Beerman
Thom Crewz
Thom Crewz
Mar 28, 2023 1:05 AM
Reply to  Jeffrey Strahl

Wall St said a few years ago that if they can’t control it they’d destroy it.
I had high hopes for DEFI.

Sgt Oddball
Sgt Oddball
Mar 28, 2023 12:18 AM
Reply to  Berlin Beerman

…- Bitcoin:…

…- ‘Anonymous’ (…- Unless you have a spook agency or private-sector equivalent at your disposal, that is…)

…- ‘Secure’ (…- See Above + NSA-level supercluster server farms, or private-sector equivalent… – AES 256 is *NOT* computationally hard (…- In the P vs NP sense, and therefore *Eminently* brute-forcible *With Sufficient Computational Firepower*…))

‘Trust-Free’ (…- See Above: – If you can hack sub-quantum encryption, viz: AES 256, *With Sufficient Computational Firepower*, you can *Fraudulently* edit the ledger *And* propagate to the rest of the network – No ifs or buts…)

…- ‘Free’ and ‘Decentralized’ (…- See Above, – See Also: – Operation Choke Point 1.0, 2.0, Canadian Truckers, MtGox., FTX, Binance, etc., etc., etc.,…)

…- Also: ‘Muh Electric Grid!!!’…

…- SMH… – *Try Again*…

Paul Prichard
Paul Prichard
Mar 26, 2023 11:17 PM

Your alternative update on #COVID19 for 2023-03-25. Moderna Shot Causes SIX TIMES More Myocarditis Cases U40 Men Than CV. Brutality of the French police (blog, gab, tweet).

Art Costa
Art Costa
Mar 26, 2023 9:04 PM

Banks = War

eman
eman
Mar 27, 2023 12:02 AM
Reply to  Art Costa

the Banks=War equation is true only if the banking side of the equation applies to all people of all nations so that everyone uses the same bank, the same currency, and only if the corporations, oligarch owners and bought and paid for politicians are denied any way to weaponize either the banking services or the lending power of the bank against any person, nation, or entity world wide.

eman
eman
Mar 27, 2023 12:04 AM
Reply to  eman

sorry i meant Banks=war is always true ,unless the banking side of the equation …one bank ..one set of rules apply to every person in the world on exactly the same terms.

A German
A German
Mar 27, 2023 5:31 AM
Reply to  eman

You seem to fall for the UNO advertisement …That would be boring, wouldn’t it?

If a group of people is rebellious, has too few ESG points or is otherwise superfluous, why shouldn’t also set ONE bank one against the other to solve the human problem, since it always earns money from EVERYTHING? The BIS has long since demonstrated this. .

A German
A German
Mar 27, 2023 6:00 AM
Reply to  eman

‘All people are equal.’

THAT is the poison of human rights.

They are not, never have been! And that is good and right. Only those who think they have to make everyone equal wage wars to destroy those who don’t fit the pattern.

Hitler used a racial scheme. Today the pattern is constantly changing and the authority is a machine. That is the difference. What both have in common is the relentless cruelty with which they enforce the doctrine of equality: both decide who is allowed to live on the planet.

By what right? The right of science, both times. And that is the EUGENICS.

Straight Talk
Straight Talk
Mar 27, 2023 1:01 PM
Reply to  Art Costa

DEBT DRIVES WAR AND WAR DRIVES DEBT

The Powers of Bank Credit Creation during World War I

Art Costa
Art Costa
Mar 27, 2023 3:11 PM
Reply to  Straight Talk

Yes and banks hold the debt.

My contention is we don’t need banks, except under the ruling system.

Peter Jennings
Peter Jennings
Mar 26, 2023 8:50 PM

Because of decades of financial abuse, insider dealing, and robbery of the public purse via PPP schemes, climate scams, and big pharma scams, the guilty want to pull the plug. And when they pull the plug, everything goes. Starting with your savings, because as a depositor or unsecured lender, you are at the bottom of the pile as far as the bank is concerned when it comes to any compensation. When everything is gone and all one owns are worthless bank shares given in exchange for one’s stolen money, that’ll be the time to sell everything one owns in order to get by. Perhaps that is what is meant by the Swab telling us we will own nothing? Happiness is subjective and will also depend on the individual and whether they wear a NWO party badge. There are a few things which have been used as money and have been… Read more »

paul
paul
Mar 26, 2023 9:04 PM
Reply to  Peter Jennings

When you deposit money in a bank, it no longer belongs to you. The bank owns it. The legal position, following a civil case in the UK in 1847, is that you are an investor in the bank. If the bank decides to do a Bankman-Fried, tough. It’s your loss. Of course there is deposit insurance, but good luck with that. It’s like peddling insurance against a nuclear war. [

Peter Jennings
Peter Jennings
Mar 26, 2023 11:28 PM
Reply to  paul

The banking sector was fucked from the moment they abandoned solvency via their fractional reserve methods. This has spawned trillions in debt which will never be settled but will only get worse.
I’m sitting here with my popcorn, waiting for this balloon to pop.

paul
paul
Mar 27, 2023 1:27 PM
Reply to  Peter Jennings

Certainly back in the 70s in the UK the banks were subject to a 28% liquidity rule. Today it’s more like 1% with loans 100 x assets. Beyond crazy. Back then, you had to show you were a good credit risk to obtain a mortgage, and wait your turn on a list. Now they give them away in corn flake packets. Everything is credit. The banks classify you as a “deadbeat customer” if you are in the black and don’t take out loans from them at 30% p.a. My father bought a car for cash. He’d never borrowed any money and they were trying to pressurise him to do it on credit. He didn’t have any credit history, which they regarded as incredibly suspect and thought he was giving a false name or something. People selling double glazing, new kitchens etc. are more interested in selling you a credit package… Read more »

Peter Jennings
Peter Jennings
Mar 27, 2023 4:56 PM
Reply to  paul

The same happened to a member of my family who, apart from a mortgage, had no debt whatsoever. Because they never took out another loan apart from the mortgage, they were deemed persona non grata. It’s no wonder the world is arse about face.

paul
paul
Mar 26, 2023 8:39 PM

Deutsche Bank is on the brink of going belly up. If it pulls through, it will only be at the cost of a huge taxpayer bail out. It has already been getting bail outs for years on the quiet. Old Hans is going to have to put his hands in his pockets and dig deep. Then start checking behind the sofa. Another headache for Sergeant Schulz to add to all the others.. Meanwhile, it’s full speed ahead as we head for the iceberg. Voltaire said if you see a Swiss banker jump out of a window, then you should jump out after him too. But that was then and this is now. The Swiss banks, once rock solid with a gold backed currency, were nobbled by Uncle Sam years ago. Banking secrecy was shredded, and their banks were shaken down for billions by the Chosen Folk in a holocaust scam.… Read more »

Fran Crowe
Fran Crowe
Mar 26, 2023 10:16 PM
Reply to  paul

An excellent synopsis. The whole western world is in for a very nasty shock…sooner than they know.

paul
paul
Mar 27, 2023 4:21 AM
Reply to  Fran Crowe

Olaf had to ditch his grandiose plans to spend another 100B euros on the German military. He simply hasn’t got the cash. He had to bail out just one energy supplier to the tune of 40B euros. 3 large well established businesses went under in a single day. A large construction company like Laings, a bakery business like Greggs, and a confectionery business. Steel and aluminium plants and fertiliser production have come to a standstill. The chemical industry, which supplies the rest of Europe with essential products, is closing and starting to set up shop in America, China, wherever. Car production will have to emigrate as well. VW has got plants all over the world, Mexico, Brazil, Iran, S. Africa, Nigeria, even previously Russia. Production of 5.5 million cars a year will be ancient history. Just to keep going at all, long term extremely expensive capital investment projects in energy… Read more »

The Coming Revolution
The Coming Revolution
Mar 26, 2023 10:50 PM
Reply to  paul

Thanks for this tour d’horizon of news. I think those who still believe the “it’s all because of cov**” litany must be getting to be an ever shrinking minority; they may not know the reasons for these crises but must by now have a good idea of what the reasons are not.

eman
eman
Mar 26, 2023 11:55 PM

the revolution is going on now in Germany, France and Israel.. The governed people of the entire western world are rising in search of a solution which no one has yet offered. Revolution without a solution to the oligarch owned monopoly powered corporate tyranny which controls all governments everywhere will only result in greater chaos. . The bankers that survive will round up the solution seeking survivors and imprison them. Welcome to the real world.

Before the revolution can succeed a solution is needed to the governance problem. No government has ever been for the people, by the people and of the people.. work on developing a solution to the governance problem before considering a revolution.

The Coming Revolution
The Coming Revolution
Mar 27, 2023 2:08 PM
Reply to  eman

Agreed. There is a force that is slowly gathering shape and substance and its direction is slowly aligning itself against the big cogs of the system. And what is remarquable is that these crises are happening in the countries where Capital is most developed. The protests in France never stopped really ever since they started (I remember how the French were mocked for their compliance at the very beginning), and that’s what is worrying I think the big cogs of the system: persistence, a slow but sure evolution of the consciences from problem-specific discontent to system opposition. They’d rather face a few episodes of violent outbursts to which the State is only too happy to crack down on and discipline rather than persistent, consistent and peaceful protests. The big cogs are busy putting in place an all-digital mechanism aimed to solve the problem faced by the banking system. I don’t… Read more »

paul
paul
Mar 27, 2023 4:25 AM

No, it’s all Putin’s fault. He signed a decree ordering the EU to commit suicide.

Erik Nielsen
Erik Nielsen
Mar 28, 2023 2:18 AM
Reply to  paul

If only Putin hadnt fokked up the Crimea and Syria thing for us in West, we could all have been rich today.
Thats a showcase in real time on how dangerous a hitler dictatorship guy can grow up to be for our business.

Clive Williams
Clive Williams
Mar 26, 2023 11:03 PM
Reply to  paul

I drove a borrowed German electrical hybrid vechicle some years ago, they’re quick expensive then, and you needed a charging station at home, and their was also one at his place of business. I can see the application in fact Americans really dont drive very far outside their radius. They are not my thing for the British Isles, and the sales pitch with be through Women imo.

MattC
MattC
Mar 27, 2023 5:58 AM
Reply to  Clive Williams

Sounds really good….but where will the electricity come from?

Oh there isn’t any

Erik Nielsen
Erik Nielsen
Mar 28, 2023 12:30 PM
Reply to  MattC

Actually, as you can pull drinking water out from the air, you can pull electricity out from the air too.
So when everything is locked down, necessity will teach naked woman to sew.

paul
paul
Mar 28, 2023 3:43 PM
Reply to  paul

The merged UBS/ CS Bank is more than twice as big (on paper) as the entire Swiss economy.

The financial sector was supposed to serve the needs of manufacturing industry and the productive economy.
Instead, we get this garbage, parasitic finance capitalism at its worst.
With the bloated parasite growing to several times the size of its host.
The tail wagging the dog.
If CS was too big to fail, what is this?