Ina
The Living Force
There is a youtube video for that.
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The Great Reset
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Amazing Polly is back with another BOOM!
BOOM! SILICON VALLEY BANK HAS EPSTEIN CONNECTION (AND MORE)
A lot of interesting connections/speculations. And, was the SVB run purposely initiated to cover ongoing Epstein/associated banks investigation? Expected contagion or will it get out of planned control? Too soon for the Triple Bad Day/level playing field? Have to think we'll see CBDC imposed before that happens. Oh, and how will China fare against any fallout of this likely orchestration?
BOOM! SILICON VALLEY BANK HAS EPSTEIN CONNECTION (AND MORE)
A lot of interesting connections/speculations. And, was the SVB run purposely initiated to cover ongoing Epstein/associated banks investigation? Expected contagion or will it get out of planned control? Too soon for the Triple Bad Day/level playing field? Have to think we'll see CBDC imposed before that happens. Oh, and how will China fare against any fallout of this likely orchestration?
I'm not getting a TEOTWAWKI economic collapse vibe from this just yet, it may indeed be the fuse, but the actual bomb is elsewhere. Governments have basically promised infinite printing to prevent the banking system from collapsing and so nothing should fail in an uncontrollable fashion. The US banks which started this are small potatoes, and while Credit Suisse is not, the Swiss have essentially greenlighted a blank check for them as well. Governments need a big enough deflationary shock from a reduction in the velocity of money generated from the banking scare to offset the inflation that is being caused by deficit spending and bailouts. The only way it doesn't work is if major currencies have a crisis of confidence and one suspects that the tens of trillions which would implicitly be required to stabilize the entire banking system won't be worth anything, even though technically no one will lose access to their deposits. At this point, I doubt the general populace is willing or able to call the central banks out on this.
The WEF has been trying to gradually maneuver the entire system into a controlled demolition where they come out on top, and the whole thing reminds me of the Faction A vs Faction B stuff that I was writing about around the time that Trump was elected, which has now moved into the domain of "bank wars." Faction A pretty much openly supports the WEF, while Faction B is not totally onboard but often used by them. The biggest visible difference between them at the moment is that Faction A wants a war with Russia while Faction B wants a war with China, although the two sides seem to be coming into closer alignment with China cozying up to Putin. The Fed exists at the juncture of these competing forces, and may be playing both sides of the middle to some extent in order to preserve itself. I think what happened is that Silicon Valley Bank, was in a similar position as FTX, and was invested in many dubious things and was the first to fail more or less organically as a result of the various accounting games that have been accumulating behind the scenes. I don't think it was a planned takedown. Some of the Faction B guys decided to move their money around in order to consolidate their position ahead of the planned collapse which they know is coming, which contributed to the risk of contagion and has created the current atmosphere of 2008-lite. In the past, such battles would take place in arcane corners of the equity market, but the system is so fragile that any of the big players moving money around creates a credible risk of a systemic event. You've also got Putin off to the side gradually chipping away at things. The result is that the collapse timeline has been accelerated somewhat, but the process will be dragged out because all of the pieces weren't in place the way the WEF and its affiliated think tanks would've liked. So I think they're going to drag out this partially planned partially haphazard collapse as long as they can, with CBDC being touted as the ultimate solution whether it is ready to implement or not, and the real SHTF happening some time after.
The WEF has been trying to gradually maneuver the entire system into a controlled demolition where they come out on top, and the whole thing reminds me of the Faction A vs Faction B stuff that I was writing about around the time that Trump was elected, which has now moved into the domain of "bank wars." Faction A pretty much openly supports the WEF, while Faction B is not totally onboard but often used by them. The biggest visible difference between them at the moment is that Faction A wants a war with Russia while Faction B wants a war with China, although the two sides seem to be coming into closer alignment with China cozying up to Putin. The Fed exists at the juncture of these competing forces, and may be playing both sides of the middle to some extent in order to preserve itself. I think what happened is that Silicon Valley Bank, was in a similar position as FTX, and was invested in many dubious things and was the first to fail more or less organically as a result of the various accounting games that have been accumulating behind the scenes. I don't think it was a planned takedown. Some of the Faction B guys decided to move their money around in order to consolidate their position ahead of the planned collapse which they know is coming, which contributed to the risk of contagion and has created the current atmosphere of 2008-lite. In the past, such battles would take place in arcane corners of the equity market, but the system is so fragile that any of the big players moving money around creates a credible risk of a systemic event. You've also got Putin off to the side gradually chipping away at things. The result is that the collapse timeline has been accelerated somewhat, but the process will be dragged out because all of the pieces weren't in place the way the WEF and its affiliated think tanks would've liked. So I think they're going to drag out this partially planned partially haphazard collapse as long as they can, with CBDC being touted as the ultimate solution whether it is ready to implement or not, and the real SHTF happening some time after.
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XPan
The Living Force
Apparently Swedish Alecta
which manages the biggest Swedish pension fund - chose only days before the crash - to flip-switch money to Silicon Valley Bank, and to that one that crashed, and the third which is believed to be the next candidate to crash (I don't know their names)
Result; they lost 23 billion SEK or 2.1 billion € in their "mistaken" bet - from our pension money. Tralala
I really wonder if that was a mistake, or some deliberate insider trick ?
www.bloomberg.com
which manages the biggest Swedish pension fund - chose only days before the crash - to flip-switch money to Silicon Valley Bank, and to that one that crashed, and the third which is believed to be the next candidate to crash (I don't know their names)
Result; they lost 23 billion SEK or 2.1 billion € in their "mistaken" bet - from our pension money. Tralala
I really wonder if that was a mistake, or some deliberate insider trick ?
Swedish Pension Fund Alecta Starts Internal Probe After $2 Billion Banks Bet
The board of Sweden’s biggest pension fund, Alecta, has instructed its chief executive officer to immediately initiate an investigation into its $2.1 billion bet on three niche banks tied to the collapse of Silicon Valley Bank.
www.bloomberg.com
Moral of the story: why save if you can lose it later by making a failed investment.Apparently Swedish Alecta
which manages the biggest Swedish pension fund - chose only days before the crash - to flip-switch money to Silicon Valley Bank, and to that one that crashed, and the third which is believed to be the next candidate to crash (I don't know their names)
Result; they lost 23 billion SEK or 2.1 billion € in their "mistaken" bet - from our pension money. Tralala
I really wonder if that was a mistake, or some deliberate insider trick ?
Swedish Pension Fund Alecta Starts Internal Probe After $2 Billion Banks Bet
The board of Sweden’s biggest pension fund, Alecta, has instructed its chief executive officer to immediately initiate an investigation into its $2.1 billion bet on three niche banks tied to the collapse of Silicon Valley Bank.
Just kidding… or not so much
John Titus saw these banking issues coming probably before anyone else... at least publicly. It isn't just the regional banks in the US that are in trouble and vulnerable, but all the banks in the US as evidenced by the action in the Repo market since 2019 and the information that Titus provides. I'd image that this extends throughout the Western banks.
I think they don't want systemic problems right now with a complete credit freeze and the whole banking system going down. That wouldn't help their desired Great Reset, since I don't think they are ready to implement CBDCs and Digital IDs right now and with too much chaos they may lose control of the masses reactions and the ability to implement certain things.
So, I think they go with a controlled burn where they prop up and backstop the banking system in order to extend the amount of time they have to use toward their goals, until they are ready to pull the plug and do Bail-Ins. Yet, fake economic collapse could very well lead to real economic collapse as indicated in a C's session before they are ready.
I think they don't want systemic problems right now with a complete credit freeze and the whole banking system going down. That wouldn't help their desired Great Reset, since I don't think they are ready to implement CBDCs and Digital IDs right now and with too much chaos they may lose control of the masses reactions and the ability to implement certain things.
So, I think they go with a controlled burn where they prop up and backstop the banking system in order to extend the amount of time they have to use toward their goals, until they are ready to pull the plug and do Bail-Ins. Yet, fake economic collapse could very well lead to real economic collapse as indicated in a C's session before they are ready.
BHelmet
The Living Force
Good points, Mike, although I think they know exactly what they are doing. Injecting this massive influx of debt/liquidity to backstop the banks is mega inflationary (and on top of all the QE) and I think that is part of the plan of debasing fiat currencies to get people begging for the reset. But on the exact timing, it does feel like they are losing their grip.
dennis
Jedi Council Member
Here is the latest projection from George Soros.
www.project-syndicate.org
Updating My Munich Predictions | by George Soros - Project Syndicate
George Soros sees more reason to be pessimistic about climate change, and more reason to be optimistic about Ukraine.
www.project-syndicate.org
Alex Krainer has a similar view, in that they won't allow for a banking crisis right now and will instead keep printing money to keep the system afloat which will exacerbate inflation, basically kicking the can down the road.
Another banking crisis is unlikely. We get inflation instead.
15-MINUTE CITY
The 15-minute city is a term coined in 2016 by Carlos Moreno, scientific director and professor specialising in complex systems and innovation at University of Paris 1 Panthéon-Sorbonne.
The term covers an urban theory and an urban model that cities can use to ensure that all residents are able to access their daily needs (work, housing, food, health, education, and culture and leisure) within the distance of a 15-minute walk or bike ride.
The model supports a decentralised city and a modal shift away from private vehicles, which at the same time reduces the use of fossil fuels and increases the quality of life for citizens.
The model does not call for a return to village life, however. Instead, the 15-minute city is a decidedly urban theory that heralds urban life with all its advantages: vibrancy, creativity, diversity, innovation, active citizenship, and technology used for the common good
The 15-minute city – OBEL AWARD
obelaward.org
This 15-minute city project reminded me of what Don Juan says to Castaneda about humaneros, basically the idea of the 15-minute corrals where you can produce more, a place where you are domesticated, where you are happy and own nothing.
Don Juan said:
"You have arrived, through your own efforts, at what the shamans of ancient Mexico called the subject of themes," said Don Juan. I was beating around the bush all this time, hinting to you that something is holding us prisoner. Of course something is holding us prisoner! This was an energetic fact for the shamans of ancient Mexico.
"But why has this predator taken possession in the manner you describe, don Juan?" I asked . There must be a logical explanation.
"There is an explanation," replied don Juan, "and it is the simplest explanation in the world. They took possession because for them we are food, and they squeeze us mercilessly because we are their sustenance. Just as we raise chickens in chicken coops, so they raise us in 'humaneros' (could be taken as cities or controlled communities) Therefore, they always have food within their reach ... The shamans believe that the predators have given us our belief systems, our ideas about right and wrong, our social customs. They are the ones who established our hopes and expectations, our dreams of triumph and failure. They bestowed upon us greed, meanness and cowardice. It is the predator that makes us complacent, routine and egomaniacal."
Perhaps the confinements and the safe distance by the covid were the rehearsal for the fifteen-minute cities.
dennis
Jedi Council Member
Synopsis by Tom Luongo follows. Interesting read. The Fed raised interest rates today 1/4 point.
tomluongo.me
FDIC Insurance, Credit Suisse and the Day the Fed Killed Europe - Gold Goats 'n Guns
The Fed keeps going from win to win with helping UBS buy Credit Suisse, guarantee US depositors and freezing out Davos' vultures from Switzerland
tomluongo.me
dennis
Jedi Council Member
Its very possible they are in opposition to each other or at least engaged in a turf war. Presumably the Green agenda is predominately a WEF initiative and given events in the last year or two maybe some faction sees the danger in getting rid of traditional energy systems.