The banking meltdown – 17 March, 2023

The banking meltdown – 17 March, 2023

The collapse of the US empire (US and its colonies) is rapidly accelerating. Major events expected next week.

PS.: It will be difficult to find all money necessary to bailout all of Western banks that will go bankrupt so if you believe your savings in Western banks are risk free you might be facing a bad surprise.

Thursday 3/16/23 – EDWARD DOWD

FINANCIAL EXPERT EDWARD DOWD REVEALS BOMBSHELL INTEL ON HOW GLOBALISTS WILL UNLEASH DIGITAL CURRENCIES AS RIGGED BANKING COLLAPSE WORSENSThe quickening is here! Major players & calamities have accelerated the globalists’ war against humanity! Now, with Washington’s latest rhetoric against Russia, the world teeters closer to total tyranny or total annihilation than ever before!

Alex Jones Was Right Again! Yellen to Protect Only Globalist Banks – WATCH

In the wake of Treasury Secretary Janet Yellen now admitting that the government will only refund uninsured deposits to banks that pose a “systemic risk” to the financial system and NOT to every bank that fails, it’s vital to acknowledge Alex Jones called it just days ago:

“Next, they’ll start collapsing regional and lending banks to consolidate them into the big six globalist banks that own the private Federal Reserve and the European Union bank and the rest of it,” said Jones Monday. “Then out of that, they will call for Central Bank Digital Currencies to be rolled out…”

Jones went on to say how Biden’s new cyber security initiative is really a push to unleash a Central Bank Digital Currency that tracks and controls everything you do.

“Then they’ll try to ban all the normal cryptocurrencies that are actually independent and decentralized. As I said, look for them to crash the regional banks to bring in total control.”

Jones added that these globalist gambits for control are all different means to the same tyrannical end.

Also, don’t miss Jones’ important conversation with financial expert Edward Dowd on this issue and more from earlier this week:

Now, nearly a week after Jones was the first news personality to tell people small banks would not be bailed out, Treasury Secretary Yellen is finally admitting smaller regional banks across America will not be saved by the US government. 

However, larger banks like Silicon Valley Bank and their customers like Democrat California Governor Gavin Newsom or the slew of Chinese business moguls banking there will be protected even beyond the FDIC $250,000 limit.

See Yellen make the shocking admission below:

Read a transcript of the conversation between Sen. Lankford and Yellen below:

h/t the Gateway Pundit

Sen. Lankford: Will the deposits in every community bank in Oklahoma, regardless of their size, be fully insured now? Are they fully recovered? Every bank, every community bank in Oklahoma, regardless of the size of the deposit, will they get the same treatment that SVBP just got or Signature Bank just got?

Janet Yellen: A bank only gets that treatment if a majority of the FDIC board, a supermajority, a supermajority of the Fed board, and I, in consultation with the president, determine that the failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences.

Sen. Lankford: Right. So what is your plan to keep large depositors from moving their funds out of community banks into the big banks? We have seen the mergers of banks over the past decade. I’m concerned you’re about to accelerate that by encouraging anyone who has a large deposit in a community bank to say, we’re not going to make you whole, but if you go to one of our preferred banks, we will make you whole at that point.

Janet Yellen: Look, I mean, that’s certainly not something that we’re encouraging…

More Yellen: Well, we felt that there was a serious risk of contagion that could have brought down and triggered runs on many banks. And that’s something, given that our judgment is that the banking system overall is safe and sound. Depositors should have confidence in the system, and we took these actions.

Lankford: So there’s a special assessment that’s been done on community banks in my state and all banks across the country. Was there any discussion that that special assessment would only apply to the larger banks? Or was it always assumed the special assessment would cover every bank, including rural banks in my state?

Janet Yellen: I’m not certain what the rules are around that for the FDIC to determine.

Sen. Lankford: It has been reported publicly that Svb had a large number of Chinese investors that are there, including some that were companies directly connected to the Chinese Communist Party. Will those individuals, companies, entities, and investors that are Chinese investors be made whole based on assessments in my banks in Oklahoma? So what I’m asking is, will my banks in Oklahoma pay a special assessment to be able to make Chinese investors whole from Silicon Valley Bank?

Janet Yellen: Uninsured investors will be made whole in that bank, and I suppose that could include foreign depositors, but I don’t believe there’s any legal basis to discriminate among uninsured.

Sen. Lankford: I get it, but I’m just saying my community banks are going to pay this additional fee. It is always fascinating to me as well, the conversation that taxpayers are being made whole in this, that taxpayers are not going to have any kind of consequence on this. I’m sure my bankers are going to be very excited to know they no longer pay taxes.

SVB Donated $73.4 Million To BLM And Related Entities

While Silicon Valley Bank execs may have failed to hedge against interest rate risk, they did signal $73.45 million in virtue donating to Black Lives Matter and related entities, according to a database maintained by the Claremont Institute which lists nearly $83 billion in donations to the Marxist organization.

Meanwhile, New York-based Signature Bank gave a total of $850,000 to the organization.

Both woke banks had touted their efforts to improve diversity among their staff – with SVB pledging in the summer of 2020 to increase its commitment to “diversity, equity and inclusion.’

During the pandemic, CEO Greg Becker announced an employee matching program for donations which focused on “pandemic-response, social justice, sustainability and supporting women, black and Latinx emerging talent and other underrepresented groups,” the Daily Mail reports.

HSBC chief executive Noel Quinn announced the acquisition of the Silicon Valley Bank UK unit for £1.

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If you’re curious to delve deeper into the topic, read more about it here.

Mainstream coverage

‘The weakest links are cracking’: Investors consider possible Credit Suisse contagion

  • Shares of Credit Suisse surged higher Thursday, rebounding from a fresh all-time low after the beleaguered lender received central bank support to shore up its finances.
  • The abrupt loss of confidence in Credit Suisse, which comes as fears about the health of the banking system spread from the U.S. to Europe, has prompted some to question the “true” worth of Credit Suisse’s share price.
  • “The weakest links are cracking and that’s just happening, and that was entirely predictable — and this will not be the last one,” Beat Wittmann, chairman of Switzerland’s Porta Advisors, told CNBC’s “Squawk Box Europe” on Thursday.

Wow! Federal Reserve “Lending” to Banks: $150+ BILLION, This Week Alone!

Anyone who thinks the Banking situation is stabilizing should know that the Federal Reserve Bank has lent $150 Billion to banks THIS WEEK ALONE!

The chart above shows this week’s lending, and compares it to the “Great Financial Crisis” of 2008.   It becomes instantly clear that this year, things are very much WORSE for banks than in the year 2008.

Data published by the Fed showed $152.85 billion in borrowing from the discount window — the traditional liquidity backstop for banks — in the week ended March 15, a record high, up from $4.58 billion the previous week. The prior all-time high was $111 billion reached during the 2008 financial crisis.


What this tells me is that all the legislation and rule changes done after the Great Financial Crisis . . . . didn’t fix a thing.   The banks seem to have gone out and done the same mismanagement and risky business they did back then, which caused that crisis.

The fact that the federal reserve has already lent more than fifty billion dollars MORE than they did at the peak of the great financial crisis, shows the banks are in worse shape now than they were in 2008.  After all, they wouldn’t be borrowing this money if they didn’t NEED it!

It seems to me that the general public ought to carefully re-assess whether or not it is practical to continue thinking the banks “will be there.”  It now seems (to me) that it is well within the realm of possibility, that one day soon, we could wake up to the Headline “Banks Ordered Closed for Two Weeks; ATM’s, Credit and Debit Cards ALL Shut Down”  until this new bank crisis is resolved.


I am hearing that Bank of America is going to buy the failed Signature Bank this coming Monday.

I tell you this because British Bank HSBC bought the British division of failed Silicon Valley Bank and today, HSBC stock plummeted about 4.16%

What does that tell you about Bank of America stock for next week?


Yesterday, eleven banks announced that, between them, they would be voluntarily depositing a total of $30 BILLION into First Republic Bank, whose stock has been hammered of late.  Despite yesterday’s announcement, today the stock of First Republic dropped another twenty five percent today alone.

This banking situation does not appear to be getting any better.  It actually appears to be getting worse.

Uh Oh! Gold Jumps $64.30 an Ounce – TODAY

The Spot Price of Gold Bullion jumped $64.30 per ounce today (+3.34%), reaching a cost of $1987.30 per ounce during regular market-day trading.   Once the market closed, Gold continued to rise, reaching $1993.70.  as of 5:42 PM eastern US Time (+3.68%).

This is taking place because people are pulling cash out of Banks and out of Stock Markets, and rushing to WHAT THEY ***THINK*** is the “safety” of Gold.   In fact, what most of them are doing is buying “Paper” Gold . . . . allowing someone ELSE to hold the actual metal for them.    If things in the financial markets continue NEXT WEEK, as they’ve been going this week, all those “Paper” Gold holders . . . . may find out the hard way, they have nothing.  Only people who took actual delivery and have the gold in their own hands, are safe.

According to a new study reported by the Wall Street Journal, one-hundred eighty-six (186) additional banks have the same issues that faced Silicon Valley Bank before it collapsed.

Given that this is now being publicly reported – albeit DELIBERATELY after the markets closed on Friday — this weekend could result in an actual “Black Monday” when markets re-open on the 20th.  (We will all have to watch pre-market conditions when futures trading opens up Sunday night.)

Given all the government activity last weekend, as Silicon Valley Bank and then Signature Bank collapsed, it is entirely feasible that government action may also take place this weekend.  

What will YOU do if the government orders a “Bank Holiday” next week, and none of the banks can open?   What will YOU do if all the ATM’s, credit, and debit cards are OFFLINE for a Bank Holiday?   That could mean every store would be CASH ONLY;  No credit, Debit, or even EBT cards!   How will you eat?  How will you put fuel in your car?

You had better prepare while you still have a slim window to do so: This weekend.


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