GLOBAL BANKS / MARKETS

[ltr]@SHOCKS_SS[/ltr]

·17h

"The Treasury General Account is the U.S. government's operating account that is maintained by designated depositories, primarily Federal Reserve Banks."
The US National Debt has spiked by $851 billion in one month to reach a $32.3 Trillion Dollar deficit.
This new debt is coming in Q3 to refill the TGA. It will be used to pay for deficits, and debts cause lack of funding and adjustments will be made.
Going forward, monetary policies and economic shifts are expected.
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US National Debt Spiked by $851 billion in One Month, to $32.3 Trillion. Flood of New Debt Coming in Q3 to Refill the TGA, Pay for Raging Deficits
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LOL.  No soft pedaling in this article:

https://wolfstreet.com/2023/07/02/us-national-debt-spiked-by-851-billion-in-one-month-to-32-3-trillion-flood-of-new-debt-in-q3-to-refill-the-tga-pay-for-raging-deficits/


So this is a special day: The U.S. national debt spiked by $851 billion since the debt ceiling was suspended a month ago on June 3, and now hit $32.32 trillion, according the Treasury Department on Friday evening. This is just an amazing freakshow:

I wonder if it's too bold to say that this debt actually represents a transfer of funds..from [them] to us when QFS comes to fruition.  And that can't happen till 'asset values' are assigned (primarily gold).

I remember sometime last year posting Riddler drops about a Merry Christmas and champagne toasts for the New Year.
I wonder what year they had in mind?      

If anyone thinks sinking the Titanic was a big deal.... 

What we're observing is far more than 'predictive programming'.  it's a finally tuned and timed demolition of everything we want GONE.  
But to quote Bill Barr, "Some things take time". 

Yet I feel like much I've posted here in this thread today is the 'normie' view, so they don't go into shock. (Shocks!  LOL)

These things are already worked out and just have to be walked out-implemented.

Stick a fork in it...

Could be a double post.  This morning was days ago...

Difference between LIBOR and SOFR    a quickie

https://www.tiktok.com/@grahamhodsdon/video/7251563076846193947

From May  (me:  May, and it's already old news)

Is a 2008-style credit crisis imminent?

Banks are positioning themselves for another recession

https://unherd.com/thepost/is-a-2008-style-credit-crisis-imminent/

----------------
This comment is good:

Let’s not forget the part where raising interest rates instantly devalues treasury bonds and obliterates shareholder equity. Banks park money in “safe” treasury bonds that are issued at market interest rates – but when the central bank raises rates, the existing bonds lose value. Silicon Valley Bank was holding $91 billion worth of treasuries before rates went up – they were quickly devalued to $76 billion and that wiped out all their equity and started the run on deposits. These banks didn’t blow themselves up – they are being brought down by rate hikes, made necessary by inflation, caused by out of control government borrowing and money printing. If they made mistakes, it was perhaps listening to the central bankers and politicians and media who smugly denied inflation could be caused by money printing, then denied that inflation was happening.
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(me: the problem with this assessment is they're assuming the Fed is still printing.
People have challenged anyone to find a bill printed after 2017.
Nobody can.
That's in line with what we've heard-$$ printing has been disabled.

Shocks made a post last nite about FEDNOW that went against the info that has been given.
She was asked for clarification-which is posted below.

So, my guess is this brings the least amount of distress to the people, and that's a good thing.
CHANGE, no matter how beneficial in the end, produces stress.

WE have to WATCH to see WHAT is required to continue doing banking through a bank.
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[ltr]@SHOCKS_SS[/ltr]

·27m


As my contact shared with me on FEDNOW:
“FEDNOW right now is an operational system involved in transferring fiat funds. This system can remain... And the data.. can change from fiat to USN. The federal reserve as we knew it is gone... There is an operating unit that is similar that Trump controls. (Runs side by side). Qfs is not the same as FEDNOW…. We do not see it as a problem.
On the other hand CDBC, I believe should be gone.
QFS monitors ..as it’s a ledger system.

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(me: I think the key word here is 'note'.  'USN'.  Really big question
is what is the value of a USN?)

Does this suggest there is no more Globalist banking system? 
Or what?

In the absence of straight answers I live like a jack rabbit.  Ready to turn and burn at the drop
of a hat.

Let's face it.  It would be ever so simpler if we had quantum computers when they holler
'RESEARCH'.

And any AI worth it's salt should humbly admit we only barely know or understand what they put out.
Not to mention it all changes in a heartbeat, whenever.  What you expected yesterday no longer applies.
The financial 'experts' in the field don't know any more than we do, and it's their life's work!

Like this:




contd

I had one twitter source who understood all this and I posted some of it.
But it was rapidly over my head, and I double dog dare him to tell me
I'm stupid!
It DOES make me wonder who these people are (the whales, influencers, etc) 
who are getting filthy rich through this labyrinth. 
By the looks of the lambos of their dreams, I'd hardly call them altruistic.

Huckleberry17.com

[ltr]@areyouawake1776[/ltr]
·24m



COG 2023
The greatest STING operation
the world has ever seen
planAR.one


.

An explanation of Basel I through IV

https://www.investopedia.com/basel-iv-5218598

My only claim to knowing is my age, but we don't look anywhere near a crash from any sector to me.

https://www.marketwatch.com/


Maybe the 'events' and 'scare' will do it. 


https://www.businessinsider.com/chatgpt-trading-stocks-high-returns-simulated-study-prompt-used-2023-7?r=rr


ChatGPT helped a simulated study return up to 512% trading stocks based on news. Here's the prompt the researchers used — plus the positive and negative takeaways from their findings.

[ltr]@SHOCKS_SS[/ltr]
·1h


On July 27th, the Basel 3 compliance plan for the economy will be proposed. If approved, another day will be set for activation.
No one knows for sure what this will do to the markets when they go to real values.
It has always been assumed that the markets will crash. Let me propose to you another possibility.
We could start from where we are as markets are reset behind the scenes.
Actually, this has been happening for some time and most people don’t know it.
What remains to be seen in the activation of Basel 3 accords is a mystery.
Cross your fingers. We are getting closer.

me:
The big ? for me was the FEDNOW launch and the wait for QFS. That no longer seems to be an issue.
and although up until recently FEDNOW was a 'stay away from', it now will run on the QFS.

There are a few reports of no cash at atm's, and having to justify cash withdrawals within the banks, but it's still sporadic.  
Money transfers to individuals or for bill pay has always been instant at BOA nationally. 
The first slow down is happening now.
They did start closing down branch offices at least a couple years ago.
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FROM 2018


[size=36] Trump poised to take control of the Federal Reserve[/size]

• President Trump sharply criticized the Federal Reserve this week, saying interest rate increases are hurting the economy.
  
• Trump will have the opportunity to fashion the central bank in the image he would like as he has four vacancies to fill on the board of governors.
  
• The result could be a more politicized Fed.
  
• https://www.cnbc.com/2018/07/20/trump-poised-to-take-control-of-the-federal-reserve.html
  

It really gets me to see "Honorable" before these crook's names.
----

Someday I want to pull up some facts from the Carter Admin, because I remember
gas lines for miles (odd-even was their solution)

and mortgage rates were out of sight.