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#Post#: 17554--------------------------------------------------
Re: Monetary Wealth
DIR By: guest78
Date: January 19, 2023, 11:31 pm
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U.S. hits debt limit, sets stage for political battle
--- Quote ---
> The U.S. hits its borrowing limit and sets up a debt ceiling
fight on Capitol Hill. Meantime, President Biden makes his first
public remarks on his handling of classified material. Plus, a
Supreme Court investigation fails to find who leaked the
abortion ruling draft.
--- End Quote ---
HTML https://www.youtube.com/watch?v=8P4_tMIiQF8
U.S. hits debt ceiling, triggering potential debate over loan
obligations
--- Quote ---
> The U.S. government has hit its legal borrowing limit.
Democrats, including President Joe Biden, are warning
Republicans to avoid a lengthy battle over whether to lift the
debt ceiling in order to avoid defaulting on U.S. loan
obligations.
--- End Quote ---
HTML https://www.youtube.com/watch?v=HPl4RnOOjhM
#Post#: 18367--------------------------------------------------
Re: Monetary Wealth
DIR By: BankRun
Date: March 11, 2023, 1:32 pm
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SVB collapse is second-largest bank failure in US history
--- Quote ---
> Silicon Valley Bank collapsed Friday morning after a stunning
48 hours in which a bank run and a capital crisis led to the
second-largest failure of a financial institution in US history.
> California regulators closed down the tech lender and put it
under the control of the US Federal Deposit Insurance
Corporation. The FDIC is acting as a receiver, which typically
means it will liquidate the bank’s assets to pay back its
customers, including depositors and creditors.
> The FDIC, an independent government agency that insures bank
deposits and oversees financial institutions, said all insured
depositors will have full access to their insured deposits by no
later than Monday morning. It said it would pay uninsured
depositors an “advance dividend within the next week.” CNN's
Matt Egan reports. #CNN #MattEgan #cnnnewsroom
--- End Quote ---
HTML https://www.youtube.com/watch?v=l3FKLTKdy10
CEO describes pulling money from bank hours before collapse
--- Quote ---
> Alison Greenberg, CEO of Ruth Health, describes to CNN's Erin
Burnett what it was like to urgently withdraw money from Silicon
Valley Bank before it collapsed.
>
> #CNN #News
--- End Quote ---
HTML https://www.youtube.com/watch?v=rlj2Y466wxg
Ex-US Treasury official weighs in on Silicon Valley Bank failure
--- Quote ---
> Aaron Klein, former deputy assistant secretary at the Treasury
Department, discusses regulators' handling of Silicon Valley
Bank.
>
> #CNN #News
--- End Quote ---
HTML https://www.youtube.com/watch?v=rzQx4qmMcJI
#Post#: 18379--------------------------------------------------
Re: Monetary Wealth
DIR By: BankRun
Date: March 11, 2023, 6:45 pm
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SVB's Failure WILL Spread...from the US to Ukraine!
HTML https://www.youtube.com/watch?v=Ot65x9FLY-0
MEANWHILE IN RUSSIA | Economy News Update March 7, 2023
HTML https://www.youtube.com/watch?v=fcjhu83VZG0&t=24s
#Post#: 18459--------------------------------------------------
Re: Monetary Wealth
DIR By: PumpingStock
Date: March 16, 2023, 3:20 pm
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FLASHBACK: Cramer PUMPS Silicon Valley Bank Stock 1 Month Before
FAILURE | Breaking Points
--- Quote ---
> Saagar reacts to Jim Cramer pushing the stock for SVB right
before the bank collapsed in historic fashion.
--- End Quote ---
HTML https://www.youtube.com/watch?v=vw9IZ7_8XCw
Comments:
--- Quote ---
> He’s doing exactly what his job entails. Finding suckers for
Wall Street to scam money out of
--- End Quote ---
--- Quote ---
> He’s reading of a teleprompter not his words.
> He was pumping everything in site before 2007 crash.
--- End Quote ---
--- Quote ---
> Kramer is the best at convincing retail investors into giving
their money to Wall Street. He's a super villain
--- End Quote ---
--- Quote ---
> “Bear Sterns is fine! Do NOT pull your money out” - Jim
Crapper 2008
--- End Quote ---
--- Quote ---
> Ahh Jim Cramer. Guy never saw a failing bank he didn’t like.
--- End Quote ---
--- Quote ---
> Jims real job is to keep his rich buddies from losing. He’s
hella good at it!!!
--- End Quote ---
--- Quote ---
> What percentage of US wealth is in the stock market?
>
> Federal Reserve data indicates that as of Q4 2021, the top 1%
of households in the United States held 32.3% of the country's
wealth, while the bottom 50% held 2.6%. In recent decades,
wealth inequality has substantially increased in the United
States.
>
> Stock owned by richest 10%.
> 2016
> 2013
> 2001
--- End Quote ---
HTML https://www.google.com/search?client=firefox-b-1-d&q=how+many+americans+invest+in+the+stock+market
#Post#: 18461--------------------------------------------------
Re: Monetary Wealth
DIR By: RightistMarkets
Date: March 16, 2023, 4:18 pm
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How the Housing Market Screwed Young People
--- Quote ---
> If we drill down into the data of the UK's housing crisis,
it's clear that young people face the most difficult challenges
when trying to get on the property ladder. So in this video, we
break down what's behind the generational inequality in the UK.
--- End Quote ---
HTML https://www.youtube.com/watch?v=_p76-lX2byI
Comments:
--- Quote ---
> They say you become more conservative when you age. Yet this
shows there’s a luxury to be conservative if you have things to
conserve, in which this government actions has denied that right
for us young people.
--- End Quote ---
--- Quote ---
> Housing and rent must be addressed if the Tories want to have
any social constituency under 45 y/o. Young people are sick of
giving their Landlord half their income. This is the main reason
why people are turning against Neoliberalism.
--- End Quote ---
--- Quote ---
> I'm 36 and a father of two. What I see and hear is only how
this painful issue will keep my family's life miserable. No
solutions on the horizon whatsoever.
--- End Quote ---
--- Quote ---
> Not only have housing prices skyrocketed, but wages and
salaries have not increased proportionately.
>
> 40 years ago, someone could work a fairly mundane job that
doesn’t require a lot of skill and easily afford to purchase a
home, whereas these days the same jobs are barely enough to feed
yourself, and the only way for this generation to afford super
expensive houses with our dogshit wages is either both partners
in a relationship pulling a lot of overtime or we have to fight
other potential candidates for exclusive high paying jobs.
--- End Quote ---
--- Quote ---
> The housing market is basically a massive inter generational
wealth transfer from younger people to older people. It’s
utterly unsustainable.
--- End Quote ---
--- Quote ---
> Unfortunately, it's not just a UK issue.
> Housing is also an issue here in NZ as well.
>
> There's also a whole bunch of societal effects as a result of
high rent prices propped up by the unaffordability of buying
homes.
>
> Young people are living with their parents for longer because
they don't want to pay ludicrous rent prices.
>
> This in turn can delay developing independence, and other life
skills such as budgeting. (This is partially the cause of some
of the stereotypes around Gen Z/Millennials. Why bother saving
for a house when you'll never be able to afford one? Just buy a
nicer breakfast every day instead.)
>
> Not to mention the issues when youth have issues with their
parents, but can't move out. (An example of this would be a gay
person living with homophobic parents).
--- End Quote ---
Becoming more rightist as you age is one sign that your Original
Nobility was completely crushed as a child.
#Post#: 18517--------------------------------------------------
Re: Monetary Wealth
DIR By: StinkingLittleState
Date: March 20, 2023, 10:23 pm
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Switzerland's secretive Credit Suisse rescue rocks global
finance
--- Quote ---
> ZURICH, March 20 (Reuters) - Days before a hastily convened
press conference late on Sunday that would make the world's
front pages, Switzerland's political elite were secretly
preparing a move that would jolt the globe.
>
> While the nation's central bank and financial regulator
publicly declared that Credit Suisse was sound, behind closed
doors the race was on to rescue the nation's second-biggest
bank.
>
> The chain of events, led to the erasure of one of
Switzerland's flagships, a merger backed by 260 billion Swiss
francs ($280 billion) of state funds and a move that would upend
global finance: favoring the bank's shareholders to the
detriment of bond investors.
>
> The events that unfolded in the landlocked nation -- long a
bastion of political neutrality that has secured its standing as
a safe-haven favourite for wealthy elites -- go against one of
the key lessons of the 2008 financial crisis. The rescue
concentrates even greater risks into one banking behemoth, UBS
Group AG.
>
> What is more, making bondholders cushion the blow to stock
investors from the UBS-Credit Suisse tie-up rattled lenders,
pushing up their borrowing costs in a threat to world economic
growth.
> [...]
> Battered by years of scandals and losses, Credit Suisse for
months had been battling a crisis of confidence of its own
making. In a matter of days its demise was sealed.
>
> Soon after news broke on March 12 that the United States would
step in to guarantee all the deposits of two mid-sized lenders
struggling to keep up with demands for cash, the spotlight was
on Credit Suisse and how it would maintain depositor confidence.
>
> Customers had already pulled $110 billion from the
Zurich-based bank in the last three months of 2022, outflows
that it was fighting to reverse.
>
> A rainmaker who brokered a number of European bank rescues
during the financial crisis, speaking on condition of anonymity,
told Reuters that after seeing the U.S. banking collapses there
was little doubt UBS would be called upon to shore up Credit
Suisse...
--- End Quote ---
Entire article:
HTML https://www.reuters.com/business/finance/switzerlands-secretive-credit-suisse-rescue-rocks-global-finance-2023-03-21/
Why $17 billion in Credit Suisse bonds became worthless
--- Quote ---
> Credit Suisse’s ‘CoCo’ bonds did exactly what they were
designed to do: Transfer all the risk of debt from the bank to
bondholders
--- End Quote ---
--- Quote ---
> Troubled bank Credit Suisse will be acquired by Swiss rival
UBS, a move engineered by the Swiss government in an effort to
quell concerns of a financial crisis. While the takeover offered
a momentary reprieve for bank industry observers, one aspect of
the deal was, on its face, confounding: The Swiss government
said that some $17 billion worth of Credit Suisse bonds would
get marked down to zero, meaning their holders would lose all of
their investment.
>
> But these were not ordinary bonds. Designed in the wake of the
2008 financial crisis, these were issued precisely to give banks
like Credit Suisse a financial cushion in the event of a severe
setback. But holders of the bonds — regarded as extremely risky
investments — were still angry about winding up with nothing,
while Credit Suisse shareholders received shares in UBS...
--- End Quote ---
Entire article:
HTML https://www.washingtonpost.com/business/2023/03/20/coco-bonds-credit-suisse-banks/
Reminder:
--- Quote ---
> Banking in Switzerland dates to the early eighteenth century
through Switzerland's merchant trade and has, over the
centuries, grown into a complex, regulated, and international
industry. Banking is seen as emblematic of Switzerland. The
country has a long, kindred history of banking secrecy and
client confidentiality reaching back to the early 1700s.
Starting as a way to protect wealthy European banking interests,
Swiss banking secrecy was codified in 1934 with the passage of
the landmark federal law, the Federal Act on Banks and Savings
Banks. These laws, which were used to protect assets of persons
being persecuted by Nazi authorities, have also been used by
people and institutions seeking to illegally evade taxes, hide
assets, or generally commit financial crime.
--- End Quote ---
LOL!!! ; ;) ;D
--- Quote ---
> Controversial protection of foreign accounts and assets during
World War II sparked a series of proposed financial regulations
seeking to temper bank secrecy, but with little success.
Switzerland has been one of the largest offshore financial
centers and tax havens in the world since the mid-20th century.
Despite an international push to meaningfully roll back banking
secrecy laws in the country, Swiss social and political forces
have minimized and reverted much of proposed rollbacks. Although
disclosing criminal activities by banks, who do not enjoy a good
reputation even in Switzerland, is generally well seen by the
Swiss public, disclosing client information has been considered
a criminal offence since the early 1900s. Employees working in
Switzerland and abroad at Swiss banks "have long adhered to an
unwritten code similar to that observed by doctors or
priests".[1] Since 1934, banking secrecy laws have been violated
by four people: Christoph Meili (1997), Bradley Birkenfeld
(2007), Rudolf Elmer (2011), and Hervé Falciani (2014)...
--- End Quote ---
Entire article:
HTML https://en.wikipedia.org/wiki/Banking_in_Switzerland
Reminder:
--- Quote ---
>
> Mammonism is the sinister, invisible, mysterious reign of the
great international money-powers. Mammonism is however also a
mindset; it is the worship of these money-powers on the part of
all those who are infected with the Mammonistic poison. —
Gottfried Feder
--- End Quote ---
--- Quote ---
> Switzerland possesses the most disgusting and miserable people
and political system. The Swiss are the mortal enemies of the
new Germany. — Adolf Hitler
--- End Quote ---
--- Quote ---
> [...]That is why the Nazis despised Switzerland. Joseph
Goebbels called Switzerland "this stinking little state" where
"sentiment has turned very much against us." Adolf Hitler
decided that "all the rubbish of small nations still existing in
Europe must be liquidated," even if it meant he would later "be
attacked as the 'Butcher of the Swiss.'"
>
> The 1940 Nazi invasion plan, Operation Tannenbaum, was not
executed, and SS Oberst Hermann Bohme's 1943 memorandum warned
that an invasion of Switzerland would be too costly because
every man was armed and trained to shoot. This did not stop the
Gestapo from preparing lists of Swiss to be liquidated once the
Nazis overran the country...
--- End Quote ---
Entire article:
HTML https://www.pbs.org/wgbh/pages/frontline/shows/nazis/readings/halbrook.html
--- Quote ---
> A state like Switzerland, which is nothing but a pimple on the
face of Europe, cannot be allowed to continue. — Adolf Hitler
--- End Quote ---
As the saying goes, "there's nothing new under the sun".
#Post#: 18519--------------------------------------------------
Re: Monetary Wealth
DIR By: Feder
Date: March 20, 2023, 10:55 pm
---------------------------------------------------------
--- Quote ---
> But the capitalist idea of profitability actually becomes an
economic nonsense in the branches of our economy that today rule
everything, in the banking and stock-exchange system. The fact
of the ruling position of the banks proves most strikingly the
economic senselessness of the capitalist idea. With the
‘productions’ of the banks and stock-exchanges never yet has a
child been fed, never yet has a freezing person been clothed, in
general never has even the smallest requirement that is
necessary for life been supplied. — Gottfried Feder, The German
State on a National and Socialist Foundation (1923), pg. 28
--- End Quote ---
--- Quote ---
> Our anti-Mammonistic battle, which is ranged above the other
two battle-fronts, is directed against the world-encompassing
financial power, that is, against the permanent financial and
economic bleeding and exploitation of our people through large
loan capital. This battle however is, on the other hand, also a
powerful intellectual struggle against the soul-destroying
materialistic spirit of egoism and avarice with all its
concomitant corrupting manifestations in all fields of our
public, economic and cultural life. — Gottfried Feder, The
German State on a National and Socialist Foundation (1923), pg.
57
--- End Quote ---
--- Quote ---
> National Socialism like Anti-Semitismanti-Jewish glimpses in
the Jewish-materialistic spirit the primary root of the evil,
but it also knows that this most powerful battle of
world-history cannot remain standing in purely negative
anti-Semiticanti-Jewish demands, therefore the entire national-
and economic programme of National Socialism rises far above the
certainly ground-breaking but negative anti-Semiticanti-Jewish
battle by positively giving a creative constructive image of how
the National Socialist state of work and performance should
look. If this main goal is reached, then the National Socialist
Party will be dissolved. — Gottfried Feder, The German State on
a National and Socialist Foundation (1923), pg. 58
--- End Quote ---
--- Quote ---
> Through intensive enlightenment of the people, it is to be
made clear to the people that money is and should be nothing
other than a voucher for completed labor; that while every
highly developed economy of course has need of money as a medium
of exchange, the function of money also ends with that, and in
no case should money be lent a supramundane power to grow of
itself by means of interest, at the expense of productive labor.
— Gottfried Feder
--- End Quote ---
HTML https://en.wikiquote.org/wiki/Gottfried_Feder
HTML https://upload.wikimedia.org/wikipedia/commons/thumb/f/f2/An_Alle%2C_Alle%21_Heft_1%2C_1919_b_19.jpg/800px-An_Alle%2C_Alle%21_Heft_1%2C_1919_b_19.jpg
How closely was Karl Marx related to the Rothschild family?
HTML https://www.quora.com/How-closely-was-Karl-Marx-related-to-the-Rothschild-family
ROTHSCHILD LINKED TO MARX BY NAZIS; German Historian Terms the
Two 'Brothers in Blood and in Spirit'
HTML https://www.nytimes.com/1937/07/08/archives/rothschild-linked-to-marx-by-nazis-german-historian-terms-the-two.html
#Post#: 18523--------------------------------------------------
Re: Monetary Wealth
DIR By: christianbethel
Date: March 21, 2023, 10:58 am
---------------------------------------------------------
Matthew 6:19-21: 'Do not store up for yourselves treasures on
earth, where moth and rust destroy and where thieves break in
and steal. But store up for yourselves treasures in heaven,
where neither moth nor rust destroys and where thieves do not
break in or steal. For where your treasure is, there will your
heart be also.'
Matthew 6:24: 'No man can serve two masters: for either he will
hate the one, and love the other; or else he will hold to one,
and despise the other. Ye cannot serve God and mammon.'
Matthew 19:24: '...It's easier for a camel to go through the eye
of a needle than for a rich person to get into God's kingdom.'
#Post#: 18620--------------------------------------------------
Re: Monetary Wealth
DIR By: DeutscheBank
Date: March 26, 2023, 11:00 pm
---------------------------------------------------------
Deutsche Bank Collapse Risk Grows As Experts Wait for Next
'Domino to Fall'
--- Quote ---
> Deutsche Bank's shares dropped 11 percent on Friday and have
now fallen 29 percent since the 2023 banking crisis began,
sparking fears of a collapse.
> "Looks like the banking crisis hasn't been entirely put to
bed," Chris Beauchamp, chief market analyst at IG Group, told
Reuters.
> Despite the worries, German Chancellor Olaf Scholz and other
analysts remain optimistic that the bank won't suffer the same
fate as Credit Suisse.
--- End Quote ---
--- Quote ---
> Another bank is entering troubled territory amid the recent
banking crisis that has spilled into global markets—this time in
Germany.
>
> Deutsche Bank is facing fears of a collapse after shares
dropped 11 percent on Friday morning, bringing those stocks down
to a total of 29 percent since the bank chaos began on March 8.
>
> "We are still on edge waiting for another domino to fall, and
Deutsche is clearly the next one on everyone's minds (fairly or
unfairly)," Chris Beauchamp, chief market analyst at IG Group,
told Reuters. "Looks like the banking crisis hasn't been
entirely put to bed."
--- End Quote ---
HTML https://www.newsweek.com/deutsche-bank-collapse-risk-grows-experts-wait-next-domino-1790193
Deutsche Bank Stock Tumbles. The Banking Panic Isn’t Over.
--- Quote ---
> Deutsche Bank shares tumbled Friday after the cost of insuring
the lender against default rose.
>
> Deutsche Bank (ticker: DB) fell 11.6% in Frankfurt trading.
U.S.-listed shares fell 6%. The move followed a spike in the
price of the lender’s credit default swaps to a four-year high
on Thursday, according to Reuters.
--- End Quote ---
HTML https://www.barrons.com/articles/regional-bank-stocks-rebound-yellen-e1c8c629
Credit Suisse could face disciplinary action, Swiss regulator
says
--- Quote ---
> ZURICH, March 26 (Reuters) - Swiss financial regulator FINMA
said it was considering whether to take disciplinary action
against Credit Suisse (CSGN.S) managers after Switzerland's
second largest bank had to be rescued last week by UBS (UBSG.S).
>
> FINMA President Marlene Amstad told Swiss newspaper NZZ am
Sonntag it was "still open" whether new proceedings would be
started, but the regulator's main focus was on "the transitional
phase of integration" and "preserving financial stability".
--- End Quote ---
HTML https://www.reuters.com/business/finance/credit-suisse-could-face-disciplinary-action-swiss-regulator-says-2023-03-26/
#Post#: 18829--------------------------------------------------
Re: Monetary Wealth
DIR By: 2ThaSun
Date: April 12, 2023, 2:58 pm
---------------------------------------------------------
$277,000,000,000,000 of Global Debt: Who Owes it & To Whom? -
TLDR News
--- Quote ---
> Money is a complicated thing. Trillions of dollars worth move
every single day, but $27 Trillion Dollars of that is global
debt? But what does that mean? In this video we explain what
global debt is, who owes it and to who?
--- End Quote ---
HTML https://www.youtube.com/watch?v=mL8vyizkB48
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