Category Archives: Government

SCOTT RITTER: The Nord Stream-Andromeda Cover Up

Posted on March 15, 2023 | 1 comment

How the new, officially approved story of the Nordstream sabotage couldn’t have happened. From Scott Ritter at consortiumnews.com:

U.S. intelligence was too quick to leak information about the German investigation to The New York Times. It raises the distinct impression that the real culprit is nervous about the investigative work of Seymour Hersh. 

Divers taking a safety stop at 5 metres. (Oetzipopoetzi, CC BY-SA 3.0, Wikimedia Commons)

Back in 2000, the television series “Andromeda”  premiered, based upon unused material from Gene Roddenberry, the creator of the Star Trek series and franchise. The plot is premised on the notion of a spaceship, “Andromeda,” frozen in time, which is given the opportunity to reverse the clock and undo history.

The series ran five years.

Fast forward to the present.

History has dealt a tough hand to the administration of U.S. President Joe Biden, who openly confessed his intent to “bring an end” to the Nord Stream pipeline system which delivered Russian natural gas to Europe through four pipelines (Nord Stream 1 and Nord Stream 2, consisting of two pipelines each).

Since then, the Biden White House was compelled to deny the president’s stated intent after an explosive report by Pulitzer-Prize winning investigative journalist Seymour Hersh detailed damning information which, if true (and there is no reason to suspect it’s not) casts the responsibility for a series of underwater explosions that took place on Sept. 26, 2022, on Biden himself.

Hersh’s report was ignored by the mainstream media in the United States, with neither The New York Times, for whom Seymour Hersh wrote on national security issues for many years, nor The Washington Post even hinting that the greatest living investigative journalist had broken a blockbuster story.

Gene Roddenberry circa 1976. (Larry D. Moore, CC BY 4.0, Wikimedia Commons)

Enter the “Andromeda” — not the spaceship of the eponymous television series, but rather a Bavaria C50 15-meter (49-foot) yacht based out of the German Baltic port city of Rostock. On March 7 — nearly a month after Hersh self-published his article on Substack — a team of German reporters from the ARD capital studio, Kontraste, Südwestrundfunk (SWR) and Die Zeit collaboratively reported that they had uncovered the existence of “the boat that was allegedly used for the secret operation.”

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Heaven and Hell, by Bill Bonner

Posted on March 15, 2023 | Leave a comment

Bill Bonner’s grandson got the right grandpa. From Bill Bonner at bonnerprivateresearch.com:

From banking crises to our chapel on the ranch, a look at solid foundations

(Source: Getty Images)

Bill Bonner, reckoning today from San Martin, Argentina…

As predicted…when the fight gets tough, the Fed takes a dive.  

That is what we are watching now…in slow motion.

After the crisis of ’08, the feds insisted that the banks hold more reserves. They were told to buy safe, government debt – T-bonds. The Treasuries were supposed to be financial ballast, designed to keep them safe in a market squall.  

Oh, if only Mother Nature, in all her guises and disguises, would cooperate!  

A storm blew up last week. Now loaded up with Treasury debt, banks are much more solid – on paper – than they were in 2008. But what happened? The ballast sank. And two banks sank with it.

Foxes in the Henhouse

The California bank, Silicon Valley Bank, has a CEO, Greg Becker, who was also a director of the San Francisco Fed. The New York bank, Signature, has none other than Barney Frank, who, along with Elizabeth Warren, actually wrote key parts of the 2010 bank regulations.

But neither regulators nor regulations saved them. As interest rates rose, fixed-return assets, notably bonds, were not as valuable as they had been before. Two years ago, you could get only a 1.5% yield from your 10-year Treasury. Today, the yield is 3.7%. The income stream from the old bond is now worth only half as much as it was. Which means, the value of the banks’ reserves – their balance sheets – fell. As this continues, more banks can be expected to get into trouble. And the Fed will have to bail them out. Or give up its interest rate hikes altogether.

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Posted in Banking, Debt, Economy, Government

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A Mile-High House of Cards… 3 Ways to Protect Yourself Before Your Bank Collapses, by Nick Giambruno

Posted on March 14, 2023 | Leave a comment

Cash, gold and silver, and Bitcoin are going to be salvation for a lot of people during the next financial crises. From Nick Giambruno at internationalman.com:

The Truth About Your Bank Deposits

It’s hard to think of a topic where following conventional wisdom is more dangerous than banking.

The general public and most financial experts accept as absolute truth that putting your money in a bank is safe and responsible. After all, the government insures your deposits, so if anything were to go wrong…

As a result, most people put more thought into the shoes they purchase than the bank they entrust with their life savings.

However, the banking system is a mile-high house of cards that could collapse anytime.

Here are three reasons why.

Reason #1: Government Deposit Insurance Is a False Sense of Security

The Federal Deposit Insurance Corporation (FDIC) insures bank deposits in the US.

When a bank fails, the FDIC pays depositors up to $250,000. The FDIC has a reserve of around $126 billion for this purpose.

Now, $126 billion is a lot of money. But, considering there are around $9.8 trillion in insured deposits in the US, $126 billion is just a drop in the bucket, around 1.3%, to be exact.

In other words, the FDIC’s reserve has around one penny for every dollar of deposits it insures.

It wouldn’t take much to wipe out the FDIC’s reserves. One large bank failure and the FDIC itself could go bust.

For example, the recently failed Silicon Valley Bank—the largest bank failure since the 2008 crisis—had around $210 billion in customer deposits. That’s $84 billion more than the FDIC’s entire reserve.

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Why the Banking System Is Breaking Up, by Michael Hudson

Posted on March 14, 2023 | 1 comment

Inject enough liquidity into the financial system and you get inflation, which means rising interest rates, which means lower financial asset values. Eventually something’s got to give. From Michael Hudson at unz.com:

The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse of supporting shelving is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year bonds. Bank depositors meanwhile were still being paid only 0.2 percent on their deposits. That has led to a steady withdrawal of funds from banks – and a corresponding decline in commercial bank balances with the Federal Reserve.

Most media reports reflect a prayer that the bank runs will be localized, as if there is no context or environmental cause. There is general embarrassment to explain how the breakup of banks that is now gaining momentum is the result of the way that the Obama Administration bailed out the banks in 2008 with fifteen years of Quantitative Easing to re-inflate prices for packaged bank mortgages – and with them, housing prices, along with stock and bond prices.

The Fed’s $9 trillion of QE (not counted as part of the budget deficit) fueled an asset-price inflation that made trillions of dollars for holders of financial assets – the One Percent with a generous spillover effect for the remaining members of the top Ten Percent. The cost of home ownership soared by capitalizing mortgages at falling interest rates into more highly debt-leveraged property. The U.S. economy experienced the largest bond-market boom in history as interest rates fell below 1 percent. The economy polarized between the creditor positive-net-worth class and the rest of the economy – whose analogy to environmental pollution and global warming was debt pollution.

But in serving the banks and the financial ownership class, the Fed painted itself into a corner: What would happen if and when interest rates finally rose?

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The Parliamentary Motive Behind the J6 Fedsurrection, by Sundance

Posted on March 14, 2023 | 1 comment

The “emergency situation” prevented Congressional consideration of election fraud. From sundance at theconservativetreehouse.com:

The Ring of Truth – “I am too well accustomed to the taking of evidence not to detect the ring of truth.” 1908, Edith Wharton

Much has been made of the events of January 6, 2021, and with the latest broadcast of CCTV video from inside the Capitol Hill complex, more questions have been raised.

Within the questions: the FBI and government apparatus had advanced knowledge of the scale of the J6 mall assembly yet doing nothing?  Why were the Capitol Hill police never informed of the FBI concerns?  Why didn’t House Speaker Nancy Pelosi secure the Capitol Hill complex, and why did she deny the request by President Trump to call up the national guard for security support?  Why did the FBI have agent provocateurs in the crowd, seemingly stimulating rage within a peaceful crowd to enter the Capitol building?  There have always been these nagging questions around ‘why’?

Long time CTH reader “Regitiger” has spent a great deal of time reviewing the entire process, looking at the granular timeline and then overlaying the bigger picture of the constitutional and parliamentary process itself.  What follows below is a brilliant analysis of the federal government motive to create a J6 crisis that permitted House Speaker Nancy Pelosi to trigger an emergency session and avoid the 2020 election certification challenges.

Those congressional floor challenges, known and anticipated well in advance of the morning of January 6, 2021, would have formed a legal and constitutional basis for ‘standing’ in judicial challenges that would have eventually reached the Supreme Court.  The certification during “emergency session” eliminated the problem for Washington DC.

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Posted in Civil Liberties, Crime, Government, Politics

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Post-Decency Politics: House Democrats Use Hearing to Attack Both Free Speech and a Free Press, by Jonathan Turley

Posted on March 14, 2023 | Leave a comment

When you got nothing else, you go ad hominem. From Jonathan Turley at jonathanturley.org:

Below is my column in The Hill on continued scorched earth tactics of Democrats in attacking any witnesses raising free speech concerns over government censorship.

Here is the column:

“At long last, have you left no sense of decency?” Those words were first asked by lawyer Joseph Welch in his confrontation with Sen. Joseph McCarthy (R-Wis.) during the Senate’s infamous Army-McCarthy hearings. This week, nearly 70 years later, Welch’s words seem more relevant than ever after House Democrats savaged two journalists who attempted to explain a government effort to censor citizens.

It was only the latest of a series of hearings in which FBI agents and other whistleblowers, experts and journalists have been personally attacked for raising free-speech concerns. Last week’s hearing showed definitively that we live in a post-decency era.

The latest attacks came as journalists Matt Taibbi and Michael Shellenberger testified about breaking the “Twitter Files” story, detailing how the FBI and other agencies secretly sought to censor or ban citizens from social media. In her opening statement, Delegate Stacey Plaskett (D-Virgin Islands), the ranking member of the House Judiciary subcommittee, attacked them as “so-called journalists” and said they were “a direct threat” to the safety of others by reporting the censorship story.

Taibbi pushed back, saying that “I’m not a ‘so-called’ journalist” and giving a brief description of his award-winning career at Rolling Stone magazine and other publications. Yet other committee members also attacked the honesty of the two journalists. And after failed efforts to claim they were Elon Musk’s corrupt “scribes,” or limited by him in their investigations, the committee members attacked their ethics.

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If SVB is insolvent, so is everyone else, by Simon Black

Posted on March 14, 2023 | Leave a comment

Financial crises stem from too much debt and too much financial interconnection. From Simon Black at sovereignman.com:

On Sunday afternoon, September 14, 2008, hundreds of employees of the financial giant Lehman Brothers walked into the bank’s headquarters at 745 Seventh Avenue in New York City to clear out their offices and desks.

Lehman was hours away from declaring bankruptcy. And its collapse the next day triggered the worst economic and financial devastation since the Great Depression.

The S&P 500 fell by roughly 50%. Unemployment soared. And more than 100 other banks failed over the subsequent 12 months. It was a total disaster.

These bank, it turned out, had been using their depositors’ money to buy up special mortgage bonds. But these bonds were so risky that they eventually became known as “toxic securities” or “toxic assets”.

These toxic assets were bundles of risky, no-money-down mortgages given to sub-prime “NINJAs”, i.e. borrowers with No Income, No Job, no Assets who had a history of NOT paying their bills.

When the economy was doing well in 2006 and 2007, banks earned record profits from their toxic assets.

But when economic conditions started to worsen in 2008, those toxic assets plunged in value… and dozens of banks got wiped out.

Now here we go again.

Fifteen years later… after countless investigations, hearings, “stress test” rules, and new banking regulations to prevent another financial meltdown, we have just witnessed two large banks collapse in the United States of America– Signature Bank, and Silicon Valley Bank (SVB).

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Silicon Valley Bank Crisis: The Liquidity Crunch We Predicted Has Now Begun, by Brandon Smith

Posted on March 14, 2023 | Leave a comment

Liquidity crises have a way of soon turning into solvency crises. From Brandon Smith at alt-market.com:

By Brandon Smith

There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank). SVB was the 16th largest bank in the US until it abruptly failed and went into insolvency on March 10th. The impetus for the collapse of the bank is tied to a $2 billion liquidity loss on bond sales which caused the institution’s stock value to plummet over 60%, triggering a bank run by customers fearful of losing some or most of their deposits.

There are many fine articles out there covering the details of the SVB situation, but what I want to talk about more is the root of it all. The bank’s shortfalls are not really the cause of the crisis, they are a symptom of a wider liquidity drought that I predicted here at Alt-Market months ago, including the timing of the event.

First, though, let’s discuss the core issue, which is fiscal tightening and the Federal Reserve. In my article ‘The Fed’s Catch-22 Taper Is A Weapon, Not A Policy Error’, published in December of 2021, I noted that the Fed was on a clear path towards tightening into economic weakness, very similar to what they did in the early 1980s during the stagflation era and also somewhat similar to what they did at the onset of the Great Depression. Former Fed Chairman Ben Bernanke even openly admitted that the Fed caused the depression to spiral out of control due to their tightening policies.

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Bank Runs. The First Sign The Fed “Broke Something.” By Lance Roberts

Posted on March 14, 2023 | Leave a comment

Bank runs are an ever lurking possibility in a fractional reserve banking system. From Lance Roberts at realinvestmentadvice.com:

With the collapse of Silicon Valley Bank, questions of potential “bank runs” spread among regional banks.

“Bank runs” are problematic in today’s financial system due to fractional reserve banking. Under this system, only a fraction of a bank’s deposits must be available for withdrawal. In this system, banks only keep a specific amount of cash on hand and create loans from deposits it receives.

Reserve banking is not problematic as long as everyone remains calm. As I noted in the “Stability Instability Paradox:”

The “stability/instability paradox” assumes that all players are rational and such rationality implies an avoidance of complete destruction. In other words, all players will act rationally, and no one will push “the big red button.“

In this case, the “big red button” is a “bank run.”

Banks have a continual inflow of deposits which it then creates loans against. The bank monitors its assets, deposits, and liabilities closely to maintain solvency and meet Federal capital and reserve requirements. Banks have minimal risk of insolvency in a normal environment as there are always enough deposit flows to cover withdrawal requests.

However, in a “bank run,” many customers of a bank or other financial institution withdraw their deposits simultaneously over concerns about the bank’s solvency. As more people withdraw their funds, the probability of default increases, prompting a further withdrawal of deposits. Eventually, the bank’s reserves are insufficient to cover the withdrawals leading to failure.

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SHTF Survival: 10 Disturbing Threats That You’re Probably Not Ready For. (When the power lines go down, and the radio stations stop transmitting, there’s one line of communication that will still be alive and well.) By Klark Barnes

Posted on March 14, 2023 | Leave a comment

You can’t do too much research and you can’t be too prepared in a SHTF situation. From Klark Barnes at earlking56.family.blog:

When planning for a SHTF Survival situation, there is really only one thing that you can be absolutely sure of: Survival is going to be a much bigger and tougher challenge than you ever thought possible. While there are some things you can do to prepare yourself for the chaos ahead, the reality of the situation is that when things go bad, there are going to be things happening that none of us prepared for or could have ever imagined.

What is SHTF?

SHTF has multiple survival meanings, but the acronym itself means Shit Hits The Fan. The meaning is pretty straight forward, but basically, it’s just a prepper/survivalist’s way of saying that during a long term survival crisis or collapse of society things are going to get bad, real bad! How bad none of us really know, and what dangers we will face is only speculation at this point, but one thing we do know for sure is that most people have no real clue to the dangers they will face during a collapse scenario.

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