WHY?

 

First Thing: Markets on alert after US banks join forces to rescue First Republic

Do you/me etc.?

Have to continually go to foreign owned news sources to hear about certain matters?

"Global shares rise as $30bn lifeline for US bank eases fears of imminent collapse and Treasury secretary, Janet Yellen, says US banking system ‘is sound’.

(The key word there is "imminent." The banking/financial  markets are "jittery" because they know whats coming. They just dont know when, but they know it's inevitable.)

"Large US banks – Bank of America, Goldman Sachs, JP Morgan and others – have joined forces to inject $30bn into First Republic, which has had customers withdraw their money after the collapse of Silicon Valley Bank (SVB) and fears that First Republic could be next."

(The big just keep getting bigger, just like we knew they would.)

"Cash-strapped banks have borrowed about $300bn from the Federal Reserve in the past week."

(Keep in mind a Billion?

Is 1000 million.

So that's 300,000 million they have borrowed...in a week.)

"Robert Kiyosaki is gonna be right:

"So they’re going to print more and more and more of this,"

(He held up a dollar when he said that).

"Nearly half the money – $143bn – went to holding companies for two major banks that failed in recent days, SVB and Signature Bank, triggering widespread alarm in financial markets. The Fed did not identify the banks that received the other half of the funding or say how many of them did so."

How in the world?

Do you expect people to believe:

"Janet Yellen, says US banking system ‘is sound’."

When the lack of transparency is just so overwhelming?

"The Fed did not identify the banks that received the other half of the funding."

(I mean...its just 157 Billion, 

only 157,000 million...

Whats the big deal? 

Who cares? Right?"

How many people you think know:

"The Fed did not identify the banks that received the other half of the funding or say how many of them did so."

?

The trajectory is set.

The financial markets know whats coming.

Like I said yesterday:

"Were are just now entering this iceberg armada."

This:

"The Fed did not identify the banks that received the other half of the funding or say how many of them did so."

Shows you they know there is a lot bigger problem than they are letting on to.

What is happening with Credit Suisse? 

US investors in Credit Suisse have hit the beleaguered Swiss bank with legal action, claiming it overstated its prospects before this week’s share crash. The lender suffered a rapid sell-off, with shares plunging on Wednesday by as much as 30% at one point after comments from Credit Suisse’s largest shareholder, Saudi National Bank. Credit Suisse shares shed earlier gains this morning and fell 4%.

"claiming it overstated its prospects"

Yeah, that never happens right?

Banks overstating things?

The long and short of it is, 

Credit Suisse, 

Deutsche Bank 

and no telling how many others 

(the Fed doesn't want you to know)

are having their internal auditors 

"cook the books" 

so that external regulators will rubber stamp them 

when they conduct their "stress test" 

that they do periodically after the Financial crisis 

to make sure these banks dont go insolvent.

(Queue buddy's wife, seen TV show etc...)

The other part of that statement that concerns me is:

"The lender suffered a rapid sell-off, with shares plunging on Wednesday by as much as 30% at one point after comments from Credit Suisse’s largest shareholder, Saudi National Bank.

(Why put that in your article?

And not say what the Saudi National Bank comments were?

I'll tell you what they were.

They said they are not going to invest in Credit Suisse’s any more.

(It's on here in one of these recent post about whats going on in the banking sector.

It is a matter of time before they collapse.

And Why do we still have troops, 

air defenses etc. in Saudi Arabia?

They night as well be in with the Chinese and Russians at this point.

Oh yeah...

because if we take our troops and military equipment out?

It creates a vacuum the Russians and the Chinese will step in and fill.

Lack of available good options any body?)

What is the US government saying about the crisis? Before the latest news Yellen assured Congress on Thursday that the US banking system was “sound”. She told the Senate finance committee: 

“I can reassure the members of the committee that our banking system is sound, and that Americans can feel confident that their deposits will be there when they need them.”

Then why did:

"The Fed did not identify the banks that received the other half of the funding or say how many of them did so."

"Were setting sail

to a place on the map 

from which no one has ever returned..."

Thats why your markets are so:

"jittery"

right now.

They know whats coming.

Matter of time.

And no 

rearranging the deck chairs on the titanic 

is gonna fix it.

(Which is exactly what this fed bail out of these banks is.)

At home last night I became even more convinced that the "markets" are "jittery"

because they know whats coming, even more so than I was yesterday while posting what I did.

NOW?

"The Fed 

did not identify the banks 

that received the other half of the funding 

or say 

how many of them did so."

Now I am even more convinced.

It's not an "if".

It's a 

"When"

?

If it's not in your possession?

It's not yours.