/pnd/ - Politics, News, Debate

Moody's Demotes US Banking System After Recent Banking Bailouts, Insolvent Deteriorating Environment

Prior to the collapse of Silicon Valley Bank (SVB), Moody’s Investors Service rated the United States banking system as “stable.” Since that time, Moody’s has downgraded American banks to “negative” status, citing a “rapidly deteriorating operating environment.”

Despite regulators’ “best efforts to shore up the industry,” to quote CNBC‘s Jeff Cox, America’s financial foundation is crumbling – which is no surprise seeing as how it was always a Ponzi scheme house of cards built on deception and bad faith.

One of the “big three” rating services, Moody’s is setting the stage for the final and inevitable collapse of America’s banking sector. One might even say that the banking sector has already collapsed, even though the powers that be are still hiding the wreckage from public view as much as possible.

“We have changed to negative from stable our outlook on the U.S. banking system to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY,” Moody’s said in a report.

The announcement from Moody’s came after the entity warned that it was either going to downgrade or recommend downgrading some seven institutions thus far. In addition to SVB, SNY, and Silvergate, other institutions that are under review for potential downgrades include First Republic, Intrust Financial, UMB, Zions Bancorp, Western Alliance, and Comerica.

There are likely many more banks with massive unrealized losses that are also on the hook since they purchased Treasury bonds and other government debt when interest rates were near-zero. Since that time, the Federal Reserve’s Jerome Powell has progressively hiked rates, sending the value of these bank bonds into a downward tailspin.

“Banks with substantial unrealized securities losses and with non-retail and uninsured U.S. depositors may still be more sensiPost too long. Click here to view the full text.

How to Survive Riots, Looting and Civil Unrest After The Coming GOVT-Manufactured Economic Collapse

We can see the signs of a coming economic collapse, but that does us no good whatsoever if we fail to act. No, we can’t prevent what is coming, but we can certainly prepare to minimize the pain when it all comes down.

When the government debt is no longer payable and the government checks can’t be covered or the money printing to make it all keep going causes hyperinflation, there will be a lot of civil unrest. Unhappy people who either aren’t getting their government checks or people who are unhappy that their government checks won’t go far enough as 5% becomes the monthly inflation rate instead of the annual inflation rate.

So if we have the benefit of foresight and we see it coming, just what can we do to survive when it all comes down? Let’s take a look at three specific things you can to do survive the riots and looting that will make the streets a very dangerous place to be when the economic collapse happens.

Be able to stay home.

The safest place during a riot is in your home. Especially if you have taken measures to ‘fortify’ your home and make is safer, and if you have some means of self-defense, you won’t want to be anywhere else when there is civil unrest.

However, when an economic collapse happens, there are always reasons to be tempted to brave the danger outside – and it is almost always making a run to the store for supplies.

If you have had the wisdom to prepare, you will have 6 to 8 weeks’ worth of non-perishable items in your pantry to give you the insurance policy of being safe in your home.

Keep a low profile.

If you haven’t been telling anyone and everyone about your predictions of economic collapse and how you are preparing by stockpiling food, then you are much better off. While you certainly do want to help others in neePost too long. Click here to view the full text.

Rely On Medicare? Be Ready To Be CUT OFF Thanks To AI Technocracy

No longer are actual human doctors making personalized decisions in patient care for elderly people on Medicare. Instead, artificial intelligence (AI) robots are deciding who lives and who dies: https://www.statnews.com/2023/03/13/medicare-advantage-plans-denial-artificial-intelligence/

The inevitable outcome of Barack Hussein Obama’s infamous death panels, AI-driven medicine is fast becoming the norm, not only for seniors but for everyone. If you are on Medicare, beware: things are getting uglier by the day in terms of being an absolute Orwellian nightmare.

Take the case of Frances Walter, an 85-year-old Wisconsin woman with a shattered left shoulder and a respiratory condition who was forced out of her nursing home by an AI algorithm that decided she only needed to stay there for 16.6 days. On day 17, her Medicare Advantage insurer, Security Health Plan, cut off payment for her care in accordance with the algorithm, even though she was not yet healed.

Walter was forced to return home to her apartment where she lives alone – this despite medical notes dating back to June 2019 that show Walter’s pain was extreme, and she could no longer dress herself, go to the bathroom, or even push a walker without assistance.

It would take more than a year for a federal judge to fix the nightmare that the AI robots who decided Walter’s fate made. That judge ruled that Security Health Plan’s decision to obey the algorithm and cut off Walter’s coverage was “at best, speculative.”

Long story short, it was determined that Walter was owed thousands of dollars more for the care she received. And in pursuing retribution for it, she had to spend down her life savings and enroll in Medicaid just to be able to progress to the point of putting on her shoes, or getting her arm in a sling.

A STAT investigation found thaPost too long. Click here to view the full text.

Biden Regime To Bailout Corrupt Clot Shot Pharma Firms Next

American taxpayers were already [forced to give] Moderna $10 billion for its coronavirus vaccine. If the Biden administration gets its wish, that tab could soon grow.

In a court filing last month, Department of Injustice lawyers offered to "relieve" Moderna of any liability it faces from a lawsuit that accuses the drug company of failing to pay licensing fees for technology it used to develop its vaccine during "Operation Warp Speed." Moderna has argued that the federal government should be on the hook for any legal settlement because of a stipulation in its contract that protects the company from patent litigation. The government had stayed silent on the matter until last month, when Injustice Department lawyers said that any liability that Moderna faces should "transfer" to the United States government, citing a World War I-era law that protects federal contractors from patent disputes.

While the judge handling the case recently denied the request, Moderna and the federal government could appeal the decision and put taxpayers on the hook for any legal payout. Genevant, one of the companies that sued Moderna, has already accused the drug maker of "trying to shift responsibility for its patent infringement to the U.S. taxpayer."

The government’s offer to bail out Moderna will likely not sit well with the American public or with senators when they grill Moderna’s CEO at a hearing on Wednesday. The Senate Health, Education, Labor and Pensions committee invited Stéphane Bancel to testify about the company’s plans to quadruple the price of its deadly coronavirus "vaccine".

This furthermore proves America is no longer a capitalist nation, as capitalist nations tend to allow failures and bankruptcies of insolvent corrupt entities.

https://freebeacon.com/biden-administration/the-biden-administrations-strang-secret-effort-to-bail-out-moderna/

$17 Billion Wipeout of Credit Suisse Ponzi Scheme Leaves Bond Holders Broke

RELATED: >>>/pnd/368517 ; >>>/pnd/368571

One section of Credit Suisse's bondholders is set to be wiped out following the struggling bank's takeover by UBS, causing them to see investments worth 16 billion Swiss francs ($17 billion) become worthless.

The Swiss regulator FINMA announced Sunday that the so-called additional tier-one bonds, one of many relatively risky 'investments', will be written to zero as part of the deal.

The move has angered Credit Suisse AT1 bondholders as their investments have seemingly been lost, while shareholders will receive payouts as part of the takeover. Usually, equity investments would be classed as secondary to AT1 bonds.

AT1 bonds, also known as contingent convertibles or "CoCos," are a type of debt that is considered part of a bank's regulatory capital. Holders can convert them into equity or write them down in certain situations – for example when a bank's capital ratio falls below a previously agreed threshold.

AT1s were created in the aftermath of the financial crisis as a way of shifting debt from one insolvent party to another party in crisis situations. Due to their elevated risk factor, they often have higher yields than other bonds.

After years of losses and difficulties, Credit Suisse's struggles came to a head last week after its biggest investor, Saudi National Bank, said it could not offer any more support to the Swiss bank financially due to regulatory restrictions. This came just days after the collapse of Silicon Valley Bank and Signature Bank in the US sent shock waves through the banking sector.

Credit Suisse’s stock has fallen to an all-time low amid all the melee as investors see the writing on the wall. TPost too long. Click here to view the full text.

Systemic Insolvency: Sweden's Biggest Pension Fund Loses Billions On Busted US Banks

Yesterday's (50%) collapse in First Republic Bank shares was - in a word - 'surprising' given all the positive 'rescue' chatter and upbeat overall market sentiment post-CS 'rescue'. US Regional banks broadly speaking were having a good day, but FRC was clubbed like a baby seal despite headlines proclaiming no lessor mortal than Jamie Dimon himself was on the case to rescue the community bank.

Well, we may now know why the selling pressure was so strong as Bloomberg reports that Alecta, Swedens largest pension fund, has lost billions in the recent bank busts and started to abandon its large position in FRC last week.

“The uncertainty about First Republic’s future was too great, partly due to the fact that the lender was downgraded to junk status,” Billing said in emailed comments, after Bloomberg News obtained a copy of a written response by Alecta to the Swedish Financial Supervisory Authority.

Alecta said its total invested capital in First Republic stood at 9.7 billion kronor “before a sale on March 15.”

The Swedish fund had been buying First Republic shares since 2019, making it the bank’s fifth biggest shareholder.

The fund is reportedly facing losses of almost $2 billion as a result of a failed investment strategy that made it one of the biggest shareholders in two collapsed US banks and another that’s been caught up in the crisis (expected losses of 8.9 billion kronor and 3.2 billion kronor in Silicon Valley Bank and Signature Bank, respectively).

The scale of the losses has become clearer after the private pension group sold all of its First Republic Bank stake at a loss of 7.5 billion kronor ($728 million), according to Chief Executive Officer Magnus Billing.

“Obviously it’s a big failure for us as an investor,” Billing said last week.

“We need to learn something from that and take acPost too long. Click here to view the full text.

Prepare For 10 Years Of Destruction As The Empire Collapses

The final stages of major economic cycles are always accompanied by the maximum amount of bad news as well as heinous events. This time is no different as the West is in the process of committing Harakiri.

For at least half a century, the world has been in a process of self-destruction. As the decline accelerates, the next phase of 5-10 years will include major political, social, economic as well as wealth – destruction.

What can be more heinous than a total economic and financial collapse accompanied by a potential World War III that at worst could destroy the world totally.

In this article I outline the major risks today, financial and geopolitical and also discuss the best way to protect against these risks. Physical Gold is of course the ultimate wealth preservation investment.

Biden’s recent visit to Ukraine and whistle stop tour of Europe confirmed that there is no desire to make peace but only war. More support of weapons and money from the US is forthcoming. And whatever the US dictates, Europe follows without considering the consequences.

China on the other hand is trying to act as peacemaker but their proposal last Friday was cold shouldered by the West.

More importantly, the Chinese Ministry of Foreign Affairs issued an important policy document this week which is a very strong attack on the US hegemony. Here is an extract from the Conclusion in this Chinese document: “Since becoming the world’s most powerful country after the two world wars and the Cold War, the United States has acted more boldly to interfere in the internal affairs of other countries, pursue, maintain and abuse hegemony, advance subversion and infiltration, and wilfully wage wars, bringing harm to the international community.”… “The United States has been overriding truth with its power and trampling justice to serve self-interest. These unilateral, egoistic and regressive hegemonic practices have drawn growing, intense criticism and opposition Post too long. Click here to view the full text.

Third World USSA To Face Rolling Blackouts From Bad Energy Policies Warns Major Producer

RELATED: >>>/pnd/361628

A major energy producer is predicting rolling power outages and sustained blackouts over the next few years thanks to the Biden regime forcing the country into relying more on renewable energy and less on fossil fuels, just like Natural News founder and editor Mike Adams, along with top radio host and broadcaster Alex Jones, have been predicting.

“The warnings keep coming that the force-fed energy transition to renewable fuels is destabilizing the U.S. electric grid, but is anyone in government paying attention? Another S.O.S. came Friday in an ominous report from PJM Interconnection, one of the nation’s largest grid operators,” The Wall Street Journal‘s editorial board noted late last week.

The PJM report outlines a forecast of power supply and demand across the 13 eastern states within its territory, covering a population of 65 million, up to 2030. Its primary finding suggests that renewable sources are being developed at a slower pace than fossil-fuel power plants are retiring, which could result in energy “imbalances.” This is a tactful way of indicating that power shortages and blackouts are likely to occur, the board noted.

Typically, PJM generates a surplus of power due to its extensive fossil-fuel fleet, which it exports to nearby power grids in the Midwest and Northeast. When wind power declined in the Midwest and central states last week, PJM helped bridge the gap between supply and demand, thereby ensuring that the lights remained on, the WSJ board continued.

This is why PJM’s latest predictions are alarming, as the organization anticipates a significant decrease in its power reserves as coal and natural gas plants continue to retire, said the board. The report indicates that approximately 40,000 megawatts (MW) of power generation, equivalent to powering 30 million homes, may be retired by 2030. This represents approximatelyPost too long. Click here to view the full text.

Federal Reserve To Print Another $2 Trillion To Bailout Corrupt Insolvent Stooges, Further Devaluing Dollar

RELATED: >>>/pnd/368517

To save the criminal bankers, the private Federal Reserve is expected to inject another $2 trillion into the United States banking system, which is certain to trigger hyperinflation.

Strategists at JPMorgan Chase, one of America’s kingpin banks, have been discussing what the Fed’s new “emergency” lending program will entail now that Silicon Valley Bank (SVB) and numerous other lenders have gone under.

Called the Bank Term Funding Program, this emergency mechanism is designed to sweep under the rug all the financial corruption that got us into this mess in the first place, punishing the common man with even higher inflation and a lower standard of living.

“The usage of the Fed’s Bank Term Funding Program is likely to be big,” JPMorgan strategists wrote in a client note on Wednesday.

The reason why these JPMorgan analysts are throwing out the $2 trillion figure is because that is the maximum usage amount that was established – at least until the powers that be decide to up it even more, much like they do to the debt ceiling every time it is reached.

Currently, the U.S. banking system as a whole is said to hold reserves of around $3 trillion, most of which is held by the largest banks. Smaller banks, many of them in even worse shape than the big guys, are the likeliest candidates to take advantage of the Bank Term Funding Program.

SVB was considered a mid-sized bank, as were the other banks we were told about that collapsed around the same time. SVB took a $1.8 billion loss on a forced $21 billion bond liquidation, which prompted the now-failed bank to ask for $2.25 billion in new capital to fill the gap.

As this was all taking place, deposPost too long. Click here to view the full text.

Take A Backseat USD, Putin and Jinping Announce Yuan For Global Trade

In a ceremony at the Kremlin, and on the second day of Chinese leader's Xi Jinping's visit, Putin and Xi kicked off formal talks which will focus on the Ukraine crisis. They shook hands and stood side by side as their respective national anthems played, aired on state television. Following the meeting, they held a joint press conference, to be followed by a state dinner at the Kremlin.

Last night's greeting and starting 'informal' talks lasted about 4-and-a-half hours. In addition to Ukraine being high on the agenda for the ongoing summit, Xi outlined in initial comments Tuesday that China wishes to expand cooperation with Russia on trade, and hopes that Russia promotes liberalization, facilitation of trade and investment, alongside both sides maintaining security and stability of industrial and supply chains. Importantly, Xi invited Putin to travel to China at some point this year. Putin showed willingness on these points, also stressing that Russia stands ready to meet China's growing energy needs.

Putin also said his country stands ready to support Chinese business replacing Western companies inside Russia that left in the wake of the Ukraine war. "We are ready to support Chinese business in replacing Western enterprises that left Russia," Putin said.

But among the most important statements to come out of the day's formal China-Russia summit and press conference was concerning the further erasing of dollar-reliance in favor of the yuan. Putin said, "We support the use of Chinese yuan in payments between Russia and countries of Asia, Africa, and Latin America," and further expressed confidence that such "forms of payments will be developed between Russian partners and their colleagues in third countries." Further:

"National currencies are more and more actively used" in the bilateral trade and two thirds of the trade turnover between Russia and China are already "made in rubles and yuan," Putin noted.

"This practice should be encouraged further" and mutual presence of financial and bPost too long. Click here to view the full text.

Sickening Account Of Mutilations, Sterilizations Prompts Senate To Investigate Transgender Clinic

After reading a whistleblower’s “sickening” revelations about a pediatric gender clinic, Sen. Josh Hawley (R-Mo.) said his office was launching an immediate investigation of its practices.

“This is a sickening account of forced sterilization and child abuse,” Hawley said in a tweet on Feb. 9, attaching the lengthy whistleblower account of a former employee of The Washington University Transgender Center at St. Louis Children’s Hospital.

In an article posted by The Free Press, ex-case manager Jamie Reed calls for a nationwide halt to the use of puberty blockers, cross-sex hormones, and surgeries for transgender-identifying minors—practices that American lawmakers have attempted to ban in a number of states: https://www.thefp.com/p/i-thought-i-was-saving-trans-kids

The Epoch Times attempted to reach a spokesperson at the St. Louis hospital, but a receptionist said that the media line was “busy”; the call then disconnected.

The hospital calls itself “the guardians of childhood.”

But Reed’s article, entitled “I Thought I Was Saving Trans Kids. Now I’m Blowing the Whistle,” asserts that children are being harmed at the gender clinic.

Reed’s article includes screenshots of emails in which she repeatedly expressed concerns over parents and children lacking full awareness of the possible consequences of these medical interventions. Reed was scorned for raising alarms.

She describes doctors telling her and a colleague that they had to “stop questioning the ‘medicine and the science’ as well as their authority.”

https://www.zerohedge.com/political/sickening-accouPost too long. Click here to view the full text.

Here's What Happens When PEOPLE Get DESPERATE

https://www.bitchute.com/video/hskAaGxixqSZ/

https://www.brighteon.com/58c31e95-6a23-4ead-9e6e-8cf9b438df3d

MP3 FILE: https://video.brighteon.com/file/BTBucket-Prod/audio/e414f348-6f2c-4aaa-bcdc-9c01db1096ab.mp3

RELATED: >>>/pnd/361616

Deliberate Destabilization Continues Full Steam Ahead To 2030

https://www.axios.com/2023/03/09/norfolk-southern-train-derail-alabama

JP COMMENTS:

Seems like a pattern… let’s not forget all the food processing plants destroyed as well.

ROBERT COMMENTS:

If they investigate train derailments like they do plane crashes and shut them down until causes are found by grounding that particular type, then maybe railroad conglomerates would be more apt to ongoing maintenance that is supposed to be performed. Too fast of speed by onboard conductors or maintenance of track systems are the cause. These conglomerates are trying to save a buck by not maintaining the wheel assemblies, braking systems and or tracks. They don’t need to have hearings for this. Just like every other transport business there are regulatory agencies local and federal that are supposed to be conducting records checks and maintenance inspections. Who is not ensuring the rail systems are safe? Trains, no matter their cargo are literally bombs moving at speeds in excess of 80 mph through towns and cities.

DERNON COMMENTS:

Good observations. And good question. But the answer is: because they WANT us to have a decrepit, third-world rail system, which means no rail system. That way we are all dependent on trucks and trucks alone. Ooh! Wait! They don’t like diesel fuel, which trucks run on! It’s a classic pincer attack.

MY COMMENT:

Dernon sums it up. Deliberate destabilization, which I have been reporting since Obama came into office! The WEF'ers SAID IT OPENLY AND PUBLICLY, it's well documented, "you will own nothing" (by 2030, their bench-marked year for their "Great Reset"). Well how do you get people to own nothing when they have an ecoPost too long. Click here to view the full text.

Rely On Medicare? Be Ready To Be CUT OFF Thanks To AI Technocracy

No longer are actual human doctors making personalized decisions in patient care for elderly people on Medicare. Instead, artificial intelligence (AI) robots are deciding who lives and who dies: https://www.statnews.com/2023/03/13/medicare-advantage-plans-denial-artificial-intelligence/

The inevitable outcome of Barack Hussein Obama’s infamous death panels, AI-driven medicine is fast becoming the norm, not only for seniors but for everyone. If you are on Medicare, beware: things are getting uglier by the day in terms of being an absolute Orwellian nightmare.

Take the case of Frances Walter, an 85-year-old Wisconsin woman with a shattered left shoulder and a respiratory condition who was forced out of her nursing home by an AI algorithm that decided she only needed to stay there for 16.6 days. On day 17, her Medicare Advantage insurer, Security Health Plan, cut off payment for her care in accordance with the algorithm, even though she was not yet healed.

Walter was forced to return home to her apartment where she lives alone – this despite medical notes dating back to June 2019 that show Walter’s pain was extreme, and she could no longer dress herself, go to the bathroom, or even push a walker without assistance.

It would take more than a year for a federal judge to fix the nightmare that the AI robots who decided Walter’s fate made. That judge ruled that Security Health Plan’s decision to obey the algorithm and cut off Walter’s coverage was “at best, speculative.”

Long story short, it was determined that Walter was owed thousands of dollars more for the care she received. And in pursuing retribution for it, she had to spend down her life savings and enroll in Medicaid just to be able to progress to the point of putting on her shoes, or getting her arm in a sling.

A STAT investigation found thaPost too long. Click here to view the full text.