Banking Crisis 3.0: Time to Change the Rules of the Game
Banking Crisis 3.0: Time to Change the Rules of the Game
On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge of being nationalized:
What the authorities did over the weekend was absolutely profound. They guaranteed the deposits, all of them, at Silicon Valley Bank. What that really means … is that they have guaranteed the entire deposit base of the U.S. financial system. The entire deposit base. Why? Because you can’t guarantee all the deposits in Silicon Valley Bank and then the next day say to the depositors, say, at First Republic, sorry, yours aren’t guaranteed. Of course they are.
… So this is a breathtaking step which effectively nationalizes or federalizes the deposit base of the U.S. financial system.
The deposit base of the financial system has not actually been nationalized, but Congress is considering modifications to the FDIC insurance limit. Meanwhile, one state that does not face those problems is North Dakota, where its state-owned bank acts as a “mini-Fed” for the state. But first, a closer look at the issues.
Read the full article here.
So the debts go to the depositors at 5% interest, with our Treasuries and homes held by the Fed pawn shop. I see the BND model getting closer all the time, Ellen, because the existing model is breaking bad and breaking fast.
Arrest all Board of Directors , & CEO & CFO & COO & Freeze all assets = To Prison with all arrested
Insure all Deposits & Pay within 24 hours by Federal Reserve or USA Treasury
Change Law to Encourage Competition & Double or Triple number of Banks.
With all Officers & Board of Directors Pre-signing a Law = They Agree to Prison & Loss of all Assets
if Their Bank Fails for Any Reason - That's End of the Games
& England is USA s' Enemy Same as
in 1776 Revolution<> They want to be #1 and , Boss the World & USA with their Secret Societies &
Masons !
To Read who controls Federal Reserve <>Go to Amazon & Buy Book Called
Creature from Jackal Island ( * OFF Carolinas' ) THEM JUDGE COMMENT AFTER READING !