Bulletin N° 1094
Subject: UPDATE from CEIMSA: “The Engineered Bank
Failures of March 2023.”
Grenoble
March 13, 2023
Dear Colleagues and Friends of CEIMSA,
Below
please find six important discussions of the banking crisis, presented by Mark
Crispin Miller, Ellen Brown, Robert Malone, Steve Poikonen with James Corbett, and George Galloway with Richard Wolff.
Sincerely,
Francis
McCollum Feeley
___________
Professeur
honoraire de l'Université
Grenoble-Alpes
Ancien Directeur des
Researches
Université de Paris-Nanterre
Director of The Center for the Advanced Study
of American Institutions and Social Movements
(CEIMSA-in-Exile)
The University of California-San Diego
http://www.ceimsa.org
____________
1.
“With
big banks going under, CBDC's can't be far behind—and if we don't STOP them,
"lockdown" will be total, and eternal, for us all”
by Mark Crispin Miller
Once
the economy has melted down, central bank digital currencies (a/k/a CBDC’s)
will be proffered as the ONLY way we can get "back to normal"—a
"cure" that will turn out to be as catastrophic, in their way, as
those "vaccines"
2.
“What Will Happen When Banks Go Bust? Bank Runs,
Bail-Ins and Systemic Risk”
by
Ellen Brown, attorney, chair of the Public Banking
Institute, and author of thirteen books including Web of Debt, The Public Bank Solution, and Banking on
the People: Democratizing Money in the Digital Age. She also co-hosts
a radio program on PRN.FM called
“It’s Our Money.”
Financial podcasts have been featuring
ominous headlines lately along the lines of “Your Bank Can
Legally Seize Your Money” and “Banks Can STEAL Your Money?!
Here’s How!” The reference is to “bail-ins:” the
provision under the 2010 Dodd-Frank Act allowing Systemically Important
Financial Institutions (SIFIs, basically the biggest banks) to bail in or
expropriate their creditors’ money in the event of insolvency. The problem is
that depositors are classed as “creditors.” So how big is the risk to your
deposit account?
Part I of this two part article will
review the bail-in issue.
Part II will look at the derivatives
risk that could trigger the next global financial crisis.
From
Bailouts to Bail-Ins
and
3.
Banking
https://rwmalonemd.substack.com/p/banking?utm_source=substack&utm_medium=email
by Robert W Malone MD, MS
More data for the data driven.
Clearly I am not a stock analyst. But I am also very bothered when I can’t get good data. Yeh, I am a data guy at heart. When I go to the news aggregators and can’t find up-to-date information on bank stocks, valuations, closures - in the middle of a crisis, I get annoyed. And then I look for data.
My “go to” is the Yahoo Finance page, which has a great search engine - Just put in a corporate name and it spits out the current stock valuation, percent price change and a nice graph. Wiki lists the 100 largest banks in the USA. From there, I began entering names into the Yahoo Finance page.
The list at Wiki of the largest 100 banks is here.
This is just more data for the data driven.My little search around Yahoo Finance soon revealed that Wall street seems to be doing an extremely efficient job of sorting viable from non-viable banks.
The majority of banks are holding value - with stock prices being negatively affected by less than 5%. This is good news.These are the ten largest banks in the USA - most are not losing stock value of any real significance. Charles Schwab and Truist being the two outliers (see the charts below). . . .
4.
James Corbett Dispenses White Pills on AM WakeUp
https://www.corbettreport.com/whitepills/?utm_source=substack&utm_medium=email
with James Corbertt and Steve Poikonen
Via Slow News Day: James joins Steve Poikonen, aka SlowNewsDay, on the AM WakeUp to discuss the madness in the banking sector; the potential for the peer-to-peer economy to replace the centralized, global, industrial economy; and how we can recognize and claim sovereignty over our lives and actions. Also, don't miss James' answer to the Biden dementia playlist question. (WARNING: Strong language throughout.)
5.
Watch “INTERVIEW: Banks can’t be trusted with the money that makes the world go round”
https://www.youtube.com/watch?v=YXCWLiuwUWU&feature=youtu.be
with George Galloway and Richard Wolff
(13:04)
6.
Why Three US Banks Collapsed in One Week: Economist Michael Hudson Explains (interview with transcript)
https://www.globalresearch.ca/why-3-us-banks-collapsed-1-week-economist-michael-hudson-explains/5812286
by Prof Michael Hudson and Ben Norton
(1:02:08)
Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash and the US government bailout (which it is not calling a bailout).