From bank runs to CBDCs and the controlled demolition of American finance...
Joel , Enjoy your festival ,sounds like fun.I like your line "its a mouse trap with easy cheese". Janet Yellen: Her stupid answers didn't cut it with the gentleman from Oklahoma.Thank God there is a few people in Washington that are'nt stupid and still fighting for the working class.Maybe he should run for President,but than again he isn't that stupid.
Good luck Joel and enjoy the event! Report back on the event
While I very much appreciate your analysis of the CBDC issues, you have missed a significant one in the eyes of the Biden administration. When getting paid by your employer in CBDC, the federal government can collect income taxes on a daily basis, and they are looking forward to doing just that. The increases speed of money adds real value that they can continue to waste elsewhere.
Please ask Tom to do a write up on his whole life insurance plans and providers.
I would like to present another viewpoint to your "Tools and Puppets" segment. The Banksters actually control the government, and set the policies. The outcome is the same, the major banks end up with the money.
This is more evident in Canada with a fixed oligopoly in our major banks. I suspect that the American system with the private bank-owned Federal reserve is even more in control of the agenda. We look at Pharma lobbying and advertising, but control of the money is control of the money. So, I think your statement that the government is managing the banks' behaviour is actually the inverse.
Woody Allen’s character (CW Briggs) in the "The Curse of the Jade Scorpion" insurance investigator says, “Can I help it if they pay me by the clue.”
Good missive Joel, “…the controlled demolition of American…” (wink) where shall I send your Bitcoin clue pay.
I’m sure someday there will be a book written entitled - A ByeStanders View of a Republic’s Destruction - such a book likely to find its place on the pile confiscated literature for 🔥 burning.
Speaking of burnings. Anyone is interested in 13 episodes of riveting drama, consider “World on Fire”. See the storyline here - https://www.imdb.com/title/tt8001092/
Interesting. Or ignore it.
I wonder why you report sections of the paid content of BPR on the free subscription pages. Am I missing something here?
PLEASE explain in simple terms, what exactly is Bitcoin ( digital currency) and does it have any Cash Value. Is it an asset?
“It’s the love of money that is the root of all evil” not the money it’s self!
BANK RUN CLUES:
LikeFolio data shows social media mentions of consumers withdrawing their money from banks revving higher over the past week, rising 63% from last year’s levels and 55% from last quarter:
Source Attribution -
As you can see from the chart below, FRC and KEY are experiencing upticks in daily social media mentions, following an eerily similar trend to SIVB and SBNY: