GLOBAL BANKS / MARKETS

Subject: Re: GLOBAL BANKS / MARKETS Thu Aug 15, 2024 10:36 pm

CHINA TIMBER! https://www.zerohedge.com/geopolitical/60-more-chinese-stocks-be-culled-msci-indexes

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Fri Aug 16, 2024 1:39 pm

If yall watched Trump's speech the other night from Asheville, you should know the vast majority of the speech was related to GESARA/NESARA, and Tesla Free Energy. You also know he couldn't just come out and say it. Yet.

Here's a bit more of that news for your morning enjoyment.

Thanks, Zeez. :wink:
-------------
"Morgan Stanley, Wells Fargo and Bank of America are accused of cheating customers out of billions in interest payments"
-----
From X this morning:

Merrill Lynch owns 45 % of BlackRock
Merrill Lynch is a division of Bank Of America

Warren Buffet thru Berkshire Hathaway owns Bank of America:
to the tune of 1 billion, 32 million shares = $33,278,491,633

(did Buffet just not liquidate all that??)

In it's early days,

Bank of America Italia merged with Nation Bank in 1998
(causing the poster to speculate mafia money?)

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Fri Aug 16, 2024 2:15 pm

on the q clock chart ~T posted:

And, just as a quick reminder, while I have a few minutes between "work" calls (and today will likely be a short day), please have a very Happy 11.4.

And remember, Trump also said the other night that 11.5 will be very significant.
Praying for a Market CRASH today. You?
If not today, bet on early next week.
=================================

on the q clock chart

Nov 4 = Aug 16 is today. Friday
Nov 5 = Aug 17
Nov 7 = Aug 19 Monday. etc
--------------------

(me: I never worked with the clock. I would have thought it goes the other way.
Nov 5 (V Day), and our vote day is a Tuesday. The crash of 1929 was on a Tuesday.
I think "V" day ends British rule over the 'colonies'. And maybe at the same time,
bankruptcy of the (Rothschild) Bank of England. IDK

They've said repeatedly, 'there will be no election'.)

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Mon Aug 19, 2024 9:14 pm

GLOBAL BANKS / MARKETS - Page 15 C94cdbbd2eb760b3

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Subject: Re: GLOBAL BANKS / MARKETS Tue Sep 03, 2024 5:13 pm

Stocks took a tumble today. Slowdown fears are creeping back.

Data out Tuesday showed signs of weakness in the manufacturing sector. ISM's purchasing managers' index came in lower than expected for August, and remained in contraction. S&P Global's PMI also stayed in contraction, while construction-spending data showed a bigger-than-expected decline.

Stocks sold off. Major U.S. indexes were on pace for their worst day since Aug. 5, when concerns about slowing economic growth sparked a global market rout.

“What’s happened today is probably a recognition that we have faded this growth scare perhaps too soon,” said Arun Sai, senior multi-asset strategist at Pictet Asset Management. Slowdown fears are creeping back.
https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-09-03-2024

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Tue Sep 03, 2024 9:19 pm

Ariel -

The Market Downturn: What can we expect?

Increased market volatility in the short term
Potential for further corrections in various market sectors

News coverage focusing on economic concerns and market analysis
Possible adjustments in interest rates by central banks

Fluctuations in commodity prices, including oil and precious metals
Increased discussion about recession risks and economic indicators

Potential changes in consumer spending patterns
Companies may announce cost-cutting measures or revised earnings forecasts

Increased focus on "safe haven" assets like government bonds
Possible currency fluctuations, especially involving the US dollar

Discussions about potential government interventions or policy changes
Reassessments of investment strategies by financial advisors

Increased importance of diversification in investment portfolios
Potential opportunities for long-term investors in undervalued stocks

Heightened attention to company fundamentals rather than speculative investments

2nd part - :point_down:

This means their system is failing. The ponzi scheme has run its course. We will be on the other side of this soon. And if you are an early adopter of certain currency you will make it on the other side of this with a much bigger pool of paperbacks. We have so much to look forward to.

The Federal Reserve is in its final days. So we should be embracing a new way of dealing with financial matters that doesn't include inflation, intrest, rate hikes, fees, taxes, etc. We have been under this corrupt system long enough and it has only brought misery.

Have you noticed everything that is a creation of the Rothschilds has caused this world to live in complete corruption?

Israel created by Rothchild.

Federal Reserve created by Rothschilds.

Health Industry practices created by Rothschilds.

This bloodlines has recked havoc on the world and we are removing ourselves from this parasitic family. And going back on the gold standard is one way to do it.

https://x.com/prolotario1/status/1831108651245007204?s=46

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Wed Sep 04, 2024 9:02 pm

The CEO of Wealth Management at J.P. Morgan Will Join UBS as Head of US Wealth

https://www.fundssociety.com/en/news/appointments/the-ceo-of-wealth-management-at-j-p-morgan-will-join-ubs-as-head-of-us-wealth/

Funds Society (https://www.fundssociety.com/en/news/appointments/the-ceo-of-wealth-management-at-j-p-morgan-will-join-ubs-as-head-of-us-wealth/)
The CEO of Wealth Management at J.P. Morgan Will Join UBS as Head of US Wealth - Funds Society
Michael Camacho, CEO of Wealth Management Solutions at J.P. Morgan, announced on Tuesday that he will be joining UBS

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Wed Sep 04, 2024 9:03 pm

US stock market crash fears: Nvidia shares plunge 9% on Wall Street

GB News https://www.gbnews.com/money/us-stock-market-crash-nvidia-shares

Nvidia plunges 9% as recession fears rock Wall Street sparking heavy fall in US stocks
Tech stocks and chip-makers lead market sell-off as manufacturing data fuels recession concerns,

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Thu Sep 05, 2024 12:30 pm

Japan’s big 3 banks, MUFG, SMBC and Mizuho are involved with a cross-border payment system, Project Pax, that aims to use stablecoins instead of correspondent banks.

Project PAX going live with SWIFT integrated Blockchains by 2025. :thumbsup: RLUSD // Ripple // XRP

https://x.com/chadsteingraber/status/1831707931026350386?s=46

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Thu Sep 05, 2024 12:31 pm

JUST IN: Billionaire Mark Cuban says if Kamala Harris taxes unrealized gains it will "kill the stock market."

@WatcherGuru

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Fri Sep 06, 2024 5:38 pm

#Dow down 400 points as #S&P 500 heads for worst week since collapse of Silicon Valley Bank - MarketWatch
https://www.marketwatch.com/livecoverage/dow-futures-slip-ahead-of-key-jobs-report-as-investors-brace-for-signs-of-slowing-labor-market

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Mon Sep 09, 2024 8:14 pm

BREAKING: GET YOUR POPCORN! THE FINANCIAL MELTDOWN YOU’VE BEEN WAITING FOR! THE ELITES ARE FALLING!

Buckle up and grab your popcorn! If you’ve been waiting for something big to happen, the time has finally come. This isn’t just a warning, it’s reality. The global financial collapse is happening right before our eyes. The ones you thought were untouchable-the banking elites, the Rothschilds, celebrities, and even BlackRock-are all going down. This isn’t some slow unraveling; it’s a full-blown inferno, and there’s no stopping it.

Let’s be clear: the so-called “elites” are scrambling to save themselves. Their prized assets are flooding the market as if it’s a fire sale, with multimillion-dollar homes being offloaded at a rapid pace, and BlackRock filing for bankruptcy? Yes, you read that correctly! The top dogs are getting crushed. They’re losing trillions with no way out. This isn’t a market correction; it’s financial armageddon for the corrupt elite.

Still skeptical? Let’s dive into why Executive Orders 13818 and 13848 are dismantling their empires. For years, these elites have been playing God-manipulating markets, violating human rights, and fueling political unrest. But now, the tables have turned. Sanctions are coming down hard, acting as the wrecking ball to their once impenetrable empires.

THIS IS THE FALL OF THE CABAL!

Bank Crashes: The Inevitable Consequence of Greed

Banks don’t just collapse out of nowhere. If you think the recent bank failures are due to mere mismanagement or bad luck, it’s time to wake up. This is a calculated takedown. The banking sector is in free fall. We’re talking about giants like Silicon Valley Bank, Credit Suisse, and First Republic-once symbols of financial security-now gone, reduced to mere footnotes in history.

But that’s only scratching the surface. This isn’t about a handful of banks struggling under pressure; it’s the entire global financial system, built on corruption and greed, imploding. The ongoing bank collapses are not random; they’re justice catching up to those who thought they were invincible. They’ve been running on borrowed time, hemorrhaging money while pretending everything was fine. Well, it’s not fine anymore. Their fragile system is crumbling, and there’s no bailout big enough to save them this time.

And here’s the kicker-they’re being sanctioned into oblivion. The executive orders we’re about to dissect aren’t just targeting a few bad actors; they’re dismantling the entire corrupt framework.

Follow/Share my channel, stay updated
https://t.me/Official_MrPool :white_check_mark:

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Wed Sep 11, 2024 7:53 am

DarioCpx

BREAKING: [size=17]$JPY now below 142

The #BOJ and #GPIF are fighting like never before, this situation is very dangerous while everyone is focused on #USPresidentialDebate
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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Wed Sep 11, 2024 7:54 am

The effects showing up:
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Subject: Re: GLOBAL BANKS / MARKETS Fri Sep 13, 2024 6:31 pm

SS¯S⋊ƆOHS :libra:

[ltr]@SHOCKS_SS[/ltr]

Latest from Mountain Goat 9.13.24

Mtn Goat: I am going to give you a summary...of the other issues that are...on the table. They are on the near horizon and my CBI contact has also told me these are issues that also must be resolved: Passing the Oil and Gas Law referendum, as required by their new 2005 Constitution.; Needed changes to The Investment Law No (13) of 2006 to meet the WTO requirements prior to full accession.; Institute the Pillars of Financial Reform in the Banking, Insurance and the Iraqi Stock Market.
This goes hand in hand with the electronic banking effort...
Iraq is going forward with the Project to Delete the Zeros and actually in the process of doing it not just talking about it again...we must stay grounded as this RV is coming to a closure and there is not much longer to wait.
...recently they have told us this electronic platform is going away at the end of 2024...
[size=16]corruption and money laundering is now all ending and has to end or we will not see any reinstatement. The instrument to do this is the Electronic Banking practices...
Having the US Treasury inside of Iraq now helping with all these banking reforms is a VERY good thing not a negative issue. It is absolutely going to push the RV process for us...We might even say it is the LAST piece to put in place in the RV puzzle to clearly see the end to this RV saga.

[/size]

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Subject: Re: GLOBAL BANKS / MARKETS Fri Sep 13, 2024 6:40 pm

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Subject: Re: GLOBAL BANKS / MARKETS Thu Sep 19, 2024 8:03 pm

:flag_us: BREAKING: US Federal Reserve cuts interest rates by 50bps.

This is the first interest rate cut in 4 years.

Follow: US Debt Clock (https://t.me/+XWzFE29G8BAxMGU0) :alarm_clock:

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Fri Sep 20, 2024 5:17 pm

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Subject: Re: GLOBAL BANKS / MARKETS Thu Sep 26, 2024 10:57 am

JUST IN:

China considers $142 BILLION capital injection into big banks - Bloomberg

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Subject: Re: GLOBAL BANKS / MARKETS Thu Oct 03, 2024 5:16 pm

GoldTelegraph_

[size=17]Russian court freezes funds of JP Morgan.

Things are ramping up on the financial side...
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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Thu Oct 03, 2024 5:18 pm

P12328197359

·
3h

Well that’s long due .. they froze the Russian assets and gave the proceeds to ukrain to fight Russia .. so didn’t just steal Russian assets but twisted it to work against Russia .. nato wants to escalate and get to ww3 ..

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Thu Oct 03, 2024 5:18 pm

Jim Willie
@dr_jimwillie

Bank of America Crisis: A Cataclysmic Prelude to Financial Ruin
(Part 1)
(Part 2 below.)

As we stand on the precipice of a financial abyss, the situation surrounding Bank of America is not just a crisis; it’s a seismic event that signals the impending collapse of the entire financial system. This is not merely a banking issue; it’s a symptom of a terminally ill economic model that has been propped up by deceit, manipulation, and systemic corruption.

The Roots of the Crisis: A Recipe for Disaster

What has unfolded at Bank of America is not a random occurrence. It’s the culmination of years of reckless behavior and the inevitable consequences of a Fed that has lost its way. The Federal Reserve, in its unquenchable thirst for control, has artificially manipulated interest rates for far too long, creating a fragile house of cards. As the Fed hikes rates to combat inflation, they forget that higher rates are not a panacea—they are a death knell for a banking sector that thrives on easy money.

Bank of America is now drowning in a sea of bad debt, with mortgage-backed securities rapidly turning into toxic waste. As consumers default on their loans in increasing numbers, the bank’s balance sheet resembles a ticking time bomb. The Fed's interest rate hikes have not just hurt consumers; they have destabilized the very foundations of major financial institutions.

Quantitative Tightening: The Liquidation of the American Dream

Let’s talk about Quantitative Tightening (QT)—a cruel irony for the very people who are supposed to benefit from a stable economy. QT is a lethal injection, draining liquidity from the system at a time when banks like Bank of America are already teetering on the brink. The reverse repo facility is dried up, and financial institutions are now operating in a liquidity desert. This isn’t just bad for Bank of America; it’s catastrophic for the entire financial landscape.

As liquidity vanishes, we’re witnessing a classic “death spiral.” Credit conditions tighten, consumer spending plummets, and defaults rise. This domino effect is not theoretical; it is already playing out, with the potential to trigger a broader financial crisis reminiscent of 2008. The Fed has painted itself into a corner, and the exit strategy is riddled with pitfalls.

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Subject: Re: GLOBAL BANKS / MARKETS Thu Oct 03, 2024 5:23 pm

You can thank Ben Bernanke for the collapse of your dollar. This guy wins the Nobel prize for economics, then sets the US on a path of financial ruin starting in 2008. Brilliant!

------------------

https://pro.paradigmnewsletters.org/p/awn_electionexit_0824/PAWN4835/?h=true

The man who predicted the Great Recession, Trump’s 2016 Election, the Covid Crisis & Biden leaving the 2024 Election is now warning: "Americans are facing the potential for a 50% market crash, the collapse of the dollar & widespread unrest. The time to prepare is now."

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Subject: Re: GLOBAL BANKS / MARKETS Thu Oct 03, 2024 5:27 pm

Bank of America Crisis: A Cataclysmic Prelude to Financial Ruin (Part 2)

Investor Sentiment: A Precarious Balancing Act

The stock market’s reaction to Bank of America’s struggles has been swift and brutal. Investors are waking up to the reality that they’ve been sold a bill of goods—market valuations are inflated, and the supposed growth prospects are built on sand. With a 21x multiple on earnings growth that is nothing short of fantasy, we are facing a reckoning. The S&P 500 is not just a barometer for stocks; it’s a reflection of investor delusion.

The Fed’s tinkering has created a dangerous illusion of wealth, but reality is beginning to rear its ugly head. The flight to safety is no longer a choice; it’s a necessity. As yields on U.S. Treasuries rise, riskier assets, including stocks, are left in the dust. This is a perilous environment, one where the specter of insolvency looms large over Wall Street.

The Middle-Class Squeeze: The Ultimate Sacrifice

The repercussions of this crisis extend beyond the banks; they penetrate the very fabric of American society. The middle class, already battered by inflation and stagnant wages, is facing yet another blow as the cost of living soars and access to credit tightens. The implications are devastating. A major bank failure like Bank of America could plunge millions into financial ruin, exacerbating an already glaring wealth gap.

The Federal Reserve's policies have essentially turned the American Dream into an American Nightmare, where only the elite benefit while the average citizen drowns in debt. With rising mortgage rates and mounting delinquencies, the pain is palpable. Consumer confidence has nosedived, with households feeling the strain of an economy in freefall.

The Regulatory Circus: A Failed Safety Net

As regulators scramble to respond, one must ask: what good will their interventions do? The regulatory framework is a farce, built on the same shaky ground as the institutions it seeks to oversee. The history of regulatory responses is littered with failures. Emergency liquidity measures and rate cuts may provide temporary relief, but they also exacerbate the underlying problems.

We are witnessing a grand theater where regulators act as if they’re in control, while the reality is chaos. Lowering interest rates further only fuels inflation and inflates asset bubbles, ensuring that the next crisis is just around the corner. The illusion of stability is nothing more than a smokescreen.

Conclusion: The Inevitable Collapse

The crisis at Bank of America is a harbinger of a larger catastrophe. The financial system is teetering on the brink, and the mechanisms designed to protect us are failing. As the cracks begin to show, the risk of a global financial collapse grows more imminent.

Investors must awaken from their stupor and recognize the peril they are in. The façade of safety provided by banks and regulatory bodies is crumbling. As the system begins to unravel, we must prepare for the fallout. The time has come to reevaluate our trust in institutions that have repeatedly betrayed the public interest.

The Bank of America crisis is not an isolated event; it’s a clarion call for change. Until we confront the systemic rot at the core of our financial system, we are all at risk. The clock is ticking, and the stakes have never been higher. Prepare for the storm, because the financial reckoning is upon us.

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Sat Oct 05, 2024 10:56 am

Bank Runs in the 1930s

In the wake of the 1929 stock market crash, Americans began to panic and seek refuge in holding physical cash. The first bank failure due to mass withdrawals occurred in 1930 in Tennessee.
----------

Important information :

All bank accounts are not safe, but the cabals working as bankers would not want you know this because they want to take total control over your funds in your account and benefit more from others accounts in this ongoing bank crash :boom:

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Subject: Re: GLOBAL BANKS / MARKETS Wed Oct 09, 2024 8:51 am

🩸BREAKING:

Hong Kong's Hang Seng index crashes to worst day since 2008.

Ariel

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Wed Oct 23, 2024 1:36 pm

https://markets.businessinsider.com/news/bonds/treasury-yields-bonds-interest-rates-economy-inflation-election-labor-market-2024-10

The bond market is selling off after traders got their Fed forecasts wrong
"We could easily get a scenario where the Fed will basically have to reverse course and begin to stay on hold,"
----------------------

The election on Nov.5th is a dangerous day but also the time after the election until the inauguration. Get ready.

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Mon Oct 28, 2024 9:05 pm

:rotating_light: BREAKING NEWS :rotating_light:

U.S BANKS ARE CURRENTLY SITTING ON OVER $750 BILLION IN LOSSES ON REAL ESTATE DEBT WHICH HEAVILY THREATENS THE ENTIRE ECONOMY

THESE LOSSES ARE NOW 7 TIMES LARGER THAN IN 2008 WHEN THE HOUSING BUBBLE POPPED

THIS ECONOMIC CRASH WILL BE MUCH WORSE…
$SPY

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     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Tue Oct 29, 2024 10:25 pm

CB = CENTRAL BANKS

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Wed Oct 30, 2024 8:22 am

U.S BANKS ARE CURRENTLY SITTING ON OVER $750 BILLION IN LOSSES ON REAL ESTATE DEBT WHICH HEAVILY THREATENS THE ENTIRE ECONOMY

THESE LOSSES ARE NOW 7 TIMES LARGER THAN IN 2008 WHEN THE HOUSING BUBBLE POPPED

THIS ECONOMIC CRASH WILL BE MUCH WORSE…

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Fri Nov 01, 2024 1:01 am

JUST IN: :flag_us: $953 billion was wiped out from the US stock market today.

@WatcherGuru

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Fri Nov 01, 2024 1:07 am

WhipLash347, [10/31/2024 5:13 PM]

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The approximate value of 500 BricsMetals tokens is $511.81.

What’s BRICS Precious Metals Exchange ?

The BRICS Precious Metals Exchange is a proposed platform for trading precious metals like gold and silver among Brazil :flag_br:, Russia :flag_ru:, India :flag_in:, China :flag_cn:, and South Africa :flag_za: to enhance market transparency and reduce reliance on Western financial systems.

Building Resilience to Sanctions

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WhipLash347, [10/31/2024 5:13 PM]

t.me/BricsPreciousMetals_Stellar/23

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Fri Nov 01, 2024 8:27 pm

The Terrifying Bankruptcy of Central Banks and Economic Collapse

Today, the American economy and the global financial system are experiencing one of the most critical and tumultuous periods in history. The relentless mistakes of central banks are driving us toward a major crisis. In this column, I will examine the causes of this trajectory and its potential consequences.

The Bankruptcy of Central Bank Independence!
In the last 20 years, particularly after the 2008 crisis, central banks have not only created debt and inflation but have also completely distorted monetary policy. By pushing interest rates to zero, pumping liquidity, and purchasing government bonds, they manipulated economic data. As a result, the real market dynamics have vanished. An economy burdened with high debt levels lives under the illusion that more debt and more spending will bring about "better" days.

Growing Debt and Rising Inflation
Today, the debt of the United States has surpassed $36 trillion. The race between the Trump and Biden administrations to increase spending is evident. Trump added $8 trillion in four years, and Biden is following suit. However, this increase merely creates the illusion of economic improvement that exists only on the surface. Central banks, desperate to avoid bankruptcy, continue to print their currencies to finance this debt.

The Awakening of the Public and the Fear of Power
Politicians and authorities are taking advantage of the public’s acceptance of this situation. However, at some point, the public will begin to feel the burden of this debt, leading to a political crisis. High inflation and declining living standards will be among the key reasons for this awakening.

The Collapse of Market Dynamics
The concept of “bond vigilantes” is a relic of the past; market participants are now acting based on expectations of central bank interventions. The artificially low interest rates have created an unsustainable structure. Low rates are driving up equity costs while slowing productivity growth. Real economic growth requires a competitive and healthy debt level, but this is impossible under current conditions.

Conclusion: Economic Collapse and a New Beginning
As the future paints a frightening picture, economic collapse seems inevitable. However, this collapse could also herald a new beginning. For a real, solid, and sustainable economic order to emerge, central banks must relinquish control. Allowing market-driven monetary policies will not only reduce the power of central authorities but also pave the way for the rebirth of true capitalism.

We need a public awakening and genuine change. Otherwise, we will pay a heavy price for the current situation. In a bankrupt system, it is only possible to rebuild on solid foundations. Destruction is inevitable; what truly matters is how we rise from the ashes.

#jimwilliestyle

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Yesterday at 7:58 pm

theRealKiyosaki
Banking crash has begun. Oklahoma bank shuts its doors. Watch out bonds and commercial real estate markets next to go.
Take care
----------------

Details

[ltr]The OCC determined that the bank was in an "unsafe or unsound condition" to continue operating, and its assets were less than its obligations. Insured deposits were transferred to First Bank & Trust Co. of Duncan, Oklahoma, but about $7.1 million in uninsured deposits are not guaranteed, potentially leading to losses for those customers.[/ltr]

[ltr]The First National Bank of Lindsay reported total assets of $107.8 million and total deposits of $97.5 million. Yet roughly $7.1 million of the bank’s deposits exceeded FDIC insurance limits, the agency said, adding the amount might change as the FDIC gathers more customer information.[/ltr]

[ltr]The FDIC said it would make 50% of uninsured funds available to depositors,adding that the amount could rise as the FDIC sells the failed bank’s assets.[/ltr]

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Yesterday at 8:00 pm

[ltr]A bail-in occurs when [/ltr]

[ltr]A failing bank is rescued by its creditors and depositors, rather than by a government bailout. In a bail-in scenario, uninsured depositors may see part of their funds converted into equity to stabilize the bank, essentially making them shareholders in place of their lost deposits. This is different from a bailout, where taxpayer money is used to rescue a bank.[/ltr]
[ltr]The recent closure of First National Bank of Lindsay in Oklahoma due to fraud allegations has heightened concerns about the health of smaller banks, especially after
warnings from Treasury Secretary Janet Yellen
about increasing fraud risks in the banking system. Yellen has emphasized the need for robust supervision and regulations to prevent future failures. [/ltr]

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

Subject: Re: GLOBAL BANKS / MARKETS Yesterday at 8:04 pm

Amazon founder Jeff Bezos is selling more than $3 billion worth of Amazon shares

   I want to know the thoughts of God. Everything else is just details.
     A Miracle is when God makes His Reality our Experience

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